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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['• The top cryptocurrency, bitcoin (BTC), was still below the crucial $20,000 support.\n• Volatile market conditions and BTC’s minor price upticks gave way to certain altcoin recoveries.\n• ETH, SOL, LTC, and ETC could be some altcoins to watch over the coming week closely.\nWhile the globalcryptomarket cap was still below the $1 trillion mark, there was some optimism in the market in the early trading hours of the Asian session on 20 June. The global crypto market cap stood at $899.00 billion, noting an 8.97% increase over the last day.\nBitcoin, the top cryptocurrency by market capitalization, traded at $20,379 noting a 9.81% rise in the 24-hour window. In tandem withBTC’smomentum, altcoins likeether (ETH),Solana (SOL), Litecoin (LTC), and Ethereum Classic (ETC) enjoyed decent gains in the short-term window.\nSeemingly, top altcoins such as ETH, SOL, LTC, and ETC could be worth watching in the coming week.\nOn 18 June, bitcoin’s price fell below $20,000, which has acted as a historic long-term support. The $20,000 mark was also the all-time high price of the last cycle when BTC made a new all-time high at that price range in the year 2017.\nBitcoin’s price drop came alongside the larger market correction, which resulted in most cryptocurrencies trading deep into the negative territory. Bitcoin’s price fell to the lowest price level since December 2020.\nAt press time, BTC traded at $20,379, noting a 9.81% rise in the 24-hour window. However, over the last 24 hours, the asset tested lower $18,926 levels before rebounding marginally above.\nLast week, the US stock market started to show a minor recovery as the three major US stock indexes finished higher, marking an end to their longest weekly losing streaks in decades. S&P 500, Dow Jones Industrial Average, andNasdaqComposite were closed higher, making investors optimistic.\nFrom a price perspective, BTC’s current short-term trajectory favored bulls as the price established above the crucial $20,000 psychological support.\nBTC’s recent pullback below the $20,000 mark disproved the market theory about bitcoin’s price not falling below its previous cycle’s highs. The last cycle ATH theory held true during the 2018 drawdown but has now been disproven for the current cycle.\nWith the short-term relative strength index (RSI) noting a significant recovery, the same presented a rise in buyers. Higher buying pressure in the market could fuel BTC for gains in the near term.\nHowever, looking at technicals, it could be said that the upside would be limited for BTC unless bulls take control and a price action like July 2021 takes place.\nAll in all, the top cryptocurrency’s price action would be crucial to watch in the coming week and could direct the larger market’s trajectory.\nThe king altcoin, ether (ETH), was one of the top gainers in the top 20 coins by market cap at press time, noting close to 20% gains on the daily chart. In the bigger picture though, ETH’s price chart didn’t look pretty.\nWhile ETH was still down 76.49% from its all-time high, the coin managed to push itself above the crucial $1000 mark over the last 24 hours. ETH’s price made a parabolic recovery above the $1000 psychological price barrier.\nAs we advance, if bulls can push ETH’s price above the $1200 mark, a recovery could be confirmed from the lower lows. At press time, ETH’s price traded at $1,131.63 as the coin’s RSI presented a rise in buying pressure.\nIn tandem with BTC’s price rise, altcoins, too, saw a decent price recovery on their short-term chart. Solana’s four-hour price chart presented the asset’s recovery above the $30 mark.\nIn the near term, if buyers are able to push SOL above the $35 mark and then above the $40 resistance, a recovery could be confirmed for the altcoin.\nThat said, the market looked largely volatile, and a price push in either direction could be seen in the short-term depending on BTC’s price action.\nIn a bear market, when shorter periods of bullish price action take place, generally, coins with a high correlation with bitcoin do well. BothLTCandETChave been highly correlated with the top cryptocurrency.Additionally, the two coins often see lower volatility swings in a largely volatile market.\nLitecoin’s price tested the $55 resistance, trading above the level briefly. At press time, the coin traded at $54.83, noting a 23.16% rise on the daily and a 9.21% rise on the weekly chart.\nIn the near term, if LTC bulls can push the coin above the $60 mark, the same could fuel further gains. On the contrary, a pullback to the $50 level could be expected if bears take control.\nETC’s price action could take some interesting turns if BTC bulls support bitcoin’s positive momentum in the coming week.\nIn the short term, if buying pressure pushes ETC’s price above the $18.5 mark, further gains could be expected. Furthermore, a push to the $24 mark could reignite positive momentum for the coin.\nWhile the downside for ETC looks limited, further downward momentum could bring the coin down to the $10 mark if another set of sell-offs follows.\nThisarticlewas originally posted on FX Empire\n• NetEase delays Diablo Immortal’s China launch, shares tumble\n• Bitcoin (BTC) Remains Under Pressure with Fear & Greed Index at 9/100\n• U.S. looks forward to working with Petro after fair election -Blinken\n• Colombia elects former guerrilla Petro as first leftist president\n• Bitcoin Miner Selloff Accelerates as Markets Fall to 18-Month Low\n• Macau shuts most businesses amid COVID outbreak, casinos stay open', '• The top cryptocurrency, bitcoin (BTC), was still below the crucial $20,000 support.\n• Volatile market conditions and BTC’s minor price upticks gave way to certain altcoin recoveries.\n• ETH, SOL, LTC, and ETC could be some altcoins to watch over the coming week closely.\nWhile the globalcryptomarket cap was still below the $1 trillion mark, there was some optimism in the market in the early trading hours of the Asian session on 20 June. The global crypto market cap stood at $899.00 billion, noting an 8.97% increase over the last day.\nBitcoin, the top cryptocurrency by market capitalization, traded at $20,379 noting a 9.81% rise in the 24-hour window. In tandem withBTC’smomentum, altcoins likeether (ETH),Solana (SOL), Litecoin (LTC), and Ethereum Classic (ETC) enjoyed decent gains in the short-term window.\nSeemingly, top altcoins such as ETH, SOL, LTC, and ETC could be worth watching in the coming week.\nOn 18 June, bitcoin’s price fell below $20,000, which has acted as a historic long-term support. The $20,000 mark was also the all-time high price of the last cycle when BTC made a new all-time high at that price range in the year 2017.\nBitcoin’s price drop came alongside the larger market correction, which resulted in most cryptocurrencies trading deep into the negative territory. Bitcoin’s price fell to the lowest price level since December 2020.\nAt press time, BTC traded at $20,379, noting a 9.81% rise in the 24-hour window. However, over the last 24 hours, the asset tested lower $18,926 levels before rebounding marginally above.\nLast week, the US stock market started to show a minor recovery as the three major US stock indexes finished higher, marking an end to their longest weekly losing streaks in decades. S&P 500, Dow Jones Industrial Average, andNasdaqComposite were closed higher, making investors optimistic.\nFrom a price perspective, BTC’s current short-term trajectory favored bulls as the price established above the crucial $20,000 psychological support.\nBTC’s recent pullback below the $20,000 mark disproved the market theory about bitcoin’s price not falling below its previous cycle’s highs. The last cycle ATH theory held true during the 2018 drawdown but has now been disproven for the current cycle.\nWith the short-term relative strength index (RSI) noting a significant recovery, the same presented a rise in buyers. Higher buying pressure in the market could fuel BTC for gains in the near term.\nHowever, looking at technicals, it could be said that the upside would be limited for BTC unless bulls take control and a price action like July 2021 takes place.\nAll in all, the top cryptocurrency’s price action would be crucial to watch in the coming week and could direct the larger market’s trajectory.\nThe king altcoin, ether (ETH), was one of the top gainers in the top 20 coins by market cap at press time, noting close to 20% gains on the daily chart. In the bigger picture though, ETH’s price chart didn’t look pretty.\nWhile ETH was still down 76.49% from its all-time high, the coin managed to push itself above the crucial $1000 mark over the last 24 hours. ETH’s price made a parabolic recovery above the $1000 psychological price barrier.\nAs we advance, if bulls can push ETH’s price above the $1200 mark, a recovery could be confirmed from the lower lows. At press time, ETH’s price traded at $1,131.63 as the coin’s RSI presented a rise in buying pressure.\nIn tandem with BTC’s price rise, altcoins, too, saw a decent price recovery on their short-term chart. Solana’s four-hour price chart presented the asset’s recovery above the $30 mark.\nIn the near term, if buyers are able to push SOL above the $35 mark and then above the $40 resistance, a recovery could be confirmed for the altcoin.\nThat said, the market looked largely volatile, and a price push in either direction could be seen in the short-term depending on BTC’s price action.\nIn a bear market, when shorter periods of bullish price action take place, generally, coins with a high correlation with bitcoin do well. BothLTCandETChave been highly correlated with the top cryptocurrency.Additionally, the two coins often see lower volatility swings in a largely volatile market.\nLitecoin’s price tested the $55 resistance, trading above the level briefly. At press time, the coin traded at $54.83, noting a 23.16% rise on the daily and a 9.21% rise on the weekly chart.\nIn the near term, if LTC bulls can push t Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-06-20 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $396,266,735,375 - Hash Rate: 198711570.75412232 - Transaction Count: 236636.0 - Unique Addresses: 605998.0 Social & AI Sentiment: - Fear & Greed Index: 0.09 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: TheS&P 500’slosing streak continues… for the sixth week. To add insult to injury, the S&P 500 has dropped a hair’s breadth from 20% (considering the highest high set last January to the lowest low set last week)… which would be a bear market, technically speaking. It isveryunusual for the market to decline that much while earnings growth is still positive. But, as an old Chinese curse says, “May you live in interesting times,” it appears we are doing just that. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Like most investors, we have been waiting for data to suggest that we have hit “peak inflation,” and last week, the CPI and PPI reports suggested that may be the case. What this means is we’ve hopefully hit our high, but the Fed’s recent actions may have gotten us over the hump and inflation can begin a decline. Unfortunately, we don’t have any more official inflation reports this week that might confirm the decline but there is some very important retail sales data this week that should set the tone for the rest of the month. The lifeblood of the U.S. economy is consumption (consumer and business spending). So far, the data has been strong. Consumers keep spending more, partially because incomes are rising and partially because things (like gasoline and groceries) cost more. We haven’t seen evidence that inflation is “destroying demand” yet, which is a good thing for stocks. On Wednesday this week, the U.S. Census Bureau will release total retail sales for the last month, and we expect the news to be good. It should help support Friday’s rally. Additionally, there are several big retailers reporting earnings this week includingWalmart(NYSE:WMT) tomorrow andTarget(NYSE:TGT) on Wednesday. When these retail companies report their profits for the last quarter, investors will be waiting to hear what they think about the next 3-6 months – this is called the “outlook.” A very mild bullish or bearish bias in the outlook could send the market a lot higher… or lower. Over the last few weeks, we have continued to be cautiously optimistic that the market will pivot higher this spring and summer. We still favor consumer staples stocks, and maybe a sprinkling of large-cap tech that we expect to see a flood of buying if the pivot happens this week. We were probably a little early on the gun, but there is just no denying that valuations in consumer defensive are still very attractive. In addition to thestocks we liked last week, we think it makes sense to look at some of the other stocks in the sector that have been remarkably defensive. Johnson & Johnson(NYSE:JNJ) is in a sweet spot to benefit from strong demand for consumer goods and healthcare spending right now. Although we don’t usually like to recommend too many drug companies because volatility is so high,Pfizer(NYSE:PFE) is still holding at strangely low prices despite expected growth in demand for PFE’s products. Last week was another loss, but it ended on a sweeter note after Friday’s rally. A lot is riding on retail sales numbers from the government and the big retail stock profit reports that will be streaming in from Monday through Thursday this week. If the data looks good (i.e., no big negative surprises) then this may finally be the pivot point for stocks – or at least a few key sectors like consumer defensive and healthcare. • Stock Prodigy Who Found NIO at $2… Says Buy THIS • It doesn’t matter if you have $500 in savings or $5 million. Do this now. • Get in Now on Tiny $3 ‘Forever Battery’ Stock • Early Bitcoin Millionaire Reveals His Next Big Crypto Trade “On Air” The postInflation May Have Peaked: What to Do Nowappeared first onInvestorPlace.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Key Insights: It was a mixed start to the week, with bitcoin (BTC) and Ethereum (ETH) seeing modest losses, while Cardano (ADA) and Solana (SOL) continued the move northwards. With the US markets closed, the NASDAQ 100 Mini provided direction, though headwinds left investors cautious ahead of central bank chatter in the week. The total market cap ended the day with a modest $4.37 billion gain as the broader crypto market consolidated Sunday’s breakout session. It was a choppy session for the crypto market on Monday. Bitcoin ( BTC ) followed Sunday’s rally with a visit to $21,000 before a late pullback. With the US markets closed, the NASDAQ 100 Mini provided support on the day, though the upside was modest following last week’s sell-off. On Monday, the NASDAQ 100 Mini ended the day up 110 points. Headwinds continued to pressure the broader market, reflected in a modest gain in the total crypto market cap. With the US markets reopening later today, investors will be eyeing the NASDAQ, with market risk sentiment likely to influence in the afternoon session. Central bank chatter will also provide direction ahead of Fed Chair Powell testimony scheduled for Wednesday and Thursday. Inflation will likely remain a hot topic, with Powell likely to come under fire in the wake of last week’s FOMC projections. A late rise in crude oil prices on Monday tested support for bitcoin and the broader crypto market. WTI Crude increased by 0.65%, the inverse correlation with bitcoin reflected in the chart below. Rising crude oil prices deliver upward pressure on inflation, which has knock-on effects on central bank monetary policy and economic growth prospects. NASDAQ BTC WTI 210622 Daily Chart Crypto Market Cap Falls by a Modest $4bn after a Late Pullback The crypto market looked to consolidate Sunday’s breakout session. Recovering from a low of $847.6 billion, the total market cap rose to a day high of $900.99 billion before falling to $885 billion. The key was avoiding a reversal of Sunday’s $62.6 billion rise and a fall to a new current-year low. Story continues Following last week’s $173 billion loss, however, the risk of a return to sub-$800 billion remains. Total Market Cap 210622 Daily Chart Looking at the top ten, SOL rallied by 3.13%, with ADA (+1.45%) and BNB (+0.70%) also finding support. DOGE (-0.77%) and XRP (-0.63%) and saw red, however, with BTC (-0.01%) and ETH (-0.01%) ending the day flat. From the CoinMarketCap top 100, Synthetix ( SNX ) led the way, surging by 60%. The upside came from investor reaction to Atomic Swap volumes on 1inch and Curver Finance protocols. Following their inclusion, a surge in Atomic Swap trading volumes has drawn investor interest. The fees stemming from trading volumes have also given SNX stakers solid yields. On the stablecoin front, USDD movements were market negative, with TRON DAO Reserve failing to restore the peg. USDD 7-Day Chart 210622 The USDD found support to hit $0.96 before easing back. Failure to return to $1.00 pegged TRON ( TRX ) back again, with TRX ending the day with a 0.34% loss. TRON DAO Reserve figures continued to ease concerns of a USDD collapse. At the time of writing, the collateral ratio stood at 324.05%. USDD Collateral Ratio 210622 Total Crypto Liquidations Eased Back Following Fed Policy Decision The downward trend in total crypto liquidations continued on Monday. After hitting $1 billion last Tuesday, 24-hour liquidations fell from $567 million on Sunday to $315 million on Monday. This morning, 24-hour liquidations stood at $199.82 million. Four-hour and one-hour liquidations reflected improving market conditions. According to Coinglass , one-hour liquidations stood at $4.94 million, with four-hour liquidations at $18.72 million. A further decline in 24-hour total liquidations would deliver crypto market support. Total Crypto Liquidations 210622 Crypto Daily News Highlights South Korea bans Terra employees from leaving the country as lawmakers investigate Terraform labs for tax evasion. Bitcoin miner sell-off accelerated , pressured by bitcoin price declines. Shiba Inu Coin ( SHIB ) continued to draw interest, surpassing USDT to become the largest hold for Ethereum whales. STEPN ( GMT ) continued to find support on network news updates. This article was originally posted on FX Empire More From FXEMPIRE: Old is gold: sky-high cost of ageing ships sounds inflation SOS UK pay deals hold at 4% as inflation steams ahead: XpertHR Exclusive-India’s Tata Steel bought 75,000 tonnes of Russian coal in May – sources Leonardo’s DRS agrees to all-stock merger with Israeli RADA Crypto lender Babel Finance wins debt repayment reprieve after withdrawal freeze Surge in U.S. renewable diesel supply won’t offset loss of petroleum diesel', 'Key Insights: It was a mixed start to the week, with bitcoin (BTC) and Ethereum (ETH) seeing modest losses, while Cardano (ADA) and Solana (SOL) continued the move northwards. With the US markets closed, the NASDAQ 100 Mini provided direction, though headwinds left investors cautious ahead of central bank chatter in the week. The total market cap ended the day with a modest $4.37 billion gain as the broader crypto market consolidated Sunday’s breakout session. It was a choppy session for the crypto market on Monday. Bitcoin ( BTC ) followed Sunday’s rally with a visit to $21,000 before a late pullback. With the US markets closed, the NASDAQ 100 Mini provided support on the day, though the upside was modest following last week’s sell-off. On Monday, the NASDAQ 100 Mini ended the day up 110 points. Headwinds continued to pressure the broader market, reflected in a modest gain in the total crypto market cap. With the US markets reopening later today, investors will be eyeing the NASDAQ, with market risk sentiment likely to influence in the afternoon session. Central bank chatter will also provide direction ahead of Fed Chair Powell testimony scheduled for Wednesday and Thursday. Inflation will likely remain a hot topic, with Powell likely to come under fire in the wake of last week’s FOMC projections. A late rise in crude oil prices on Monday tested support for bitcoin and the broader crypto market. WTI Crude increased by 0.65%, the inverse correlation with bitcoin reflected in the chart below. Rising crude oil prices deliver upward pressure on inflation, which has knock-on effects on central bank monetary policy and economic growth prospects. NASDAQ BTC WTI 210622 Daily Chart Crypto Market Cap Falls by a Modest $4bn after a Late Pullback The crypto market looked to consolidate Sunday’s breakout session. Recovering from a low of $847.6 billion, the total market cap rose to a day high of $900.99 billion before falling to $885 billion. The key was avoiding a reversal of Sunday’s $62.6 billion rise and a fall to a new current-year low. Story continues Following last week’s $173 billion loss, however, the risk of a return to sub-$800 billion remains. Total Market Cap 210622 Daily Chart Looking at the top ten, SOL rallied by 3.13%, with ADA (+1.45%) and BNB (+0.70%) also finding support. DOGE (-0.77%) and XRP (-0.63%) and saw red, however, with BTC (-0.01%) and ETH (-0.01%) ending the day flat. From the CoinMarketCap top 100, Synthetix ( SNX ) led the way, surging by 60%. The upside came from investor reaction to Atomic Swap volumes on 1inch and Curver Finance protocols. Following their inclusion, a surge in Atomic Swap trading volumes has drawn investor interest. The fees stemming from trading volumes have also given SNX stakers solid yields. On the stablecoin front, USDD movements were market negative, with TRON DAO Reserve failing to restore the peg. USDD 7-Day Chart 210622 The USDD found support to hit $0.96 before easing back. Failure to return to $1.00 pegged TRON ( TRX ) back again, with TRX ending the day with a 0.34% loss. TRON DAO Reserve figures continued to ease concerns of a USDD collapse. At the time of writing, the collateral ratio stood at 324.05%. USDD Collateral Ratio 210622 Total Crypto Liquidations Eased Back Following Fed Policy Decision The downward trend in total crypto liquidations continued on Monday. After hitting $1 billion last Tuesday, 24-hour liquidations fell from $567 million on Sunday to $315 million on Monday. This morning, 24-hour liquidations stood at $199.82 million. Four-hour and one-hour liquidations reflected improving market conditions. According to Coinglass , one-hour liquidations stood at $4.94 million, with four-hour liquidations at $18.72 million. A further decline in 24-hour total liquidations would deliver crypto market support. Total Crypto Liquidations 210622 Crypto Daily News Highlights South Korea bans Terra employees from leaving the country as lawmakers investigate Terraform labs for tax evasion. Bitcoin miner sell-off accelerated , pressured by bitcoin price declines. Shiba Inu Coin ( SHIB ) continued to draw interest, surpassing USDT to become the largest hold for Ethereum whales. STEPN ( GMT ) continued to find support on network news updates. This article was originally posted on FX Empire More From FXEMPIRE: Old is gold: sky-high cost of ageing ships sounds inflation SOS UK pay deals hold at 4% as inflation steams ahead: XpertHR Exclusive-India’s Tata Steel bought 75,000 tonnes of Russian coal in May – sources Leonardo’s DRS agrees to all-stock merger with Israeli RADA Crypto lender Babel Finance wins debt repayment reprieve after withdrawal freeze Surge in U.S. renewable diesel supply won’t offset loss of petroleum diesel', 'ProShares will launch a short Bitcoin-backed exchange-traded fund (ETF) on the New York Stock Exchange (NYSE), the U.S.-based ETF issuer announced on Monday . See related article: Bitcoin price hits all-time high after ProShares ETF debut Fast facts ProShares Short Bitcoin Strategy ETF is scheduled to begin trading on the NYSE on Tuesday under the ticker BITI. A short Bitcoin-backed ETF allows investors to profit from falling Bitcoin prices. Bitcoin has fallen rou Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-06-21 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $403,301,624,594 - Hash Rate: 225808603.1296844 - Transaction Count: 254438.0 - Unique Addresses: 647716.0 Social & AI Sentiment: - Fear & Greed Index: 0.09 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin City model El Salvador President Nayib Bukele El Salvador’s millennial president has released a model of his planned “Bitcoin City”, the world’s first dedicated cryptocurrency trading hub that will be powered by geothermal energy from a volcano . According to the model, the city will have a giant Bitcoin logo in the central plaza, while a metallic walkway crowns the volcano like a halo. But the sharing of the plans comes just as Bitcoin, the world’s most traded cryptocurrency, crashes, losing roughly half its value over the last week , reigniting the criticism of President Nayib Bukele’s high-stakes cryptocurrency gamble. Last year, El Salvador became the first nation in the world to make Bitcoin legal tender. This prompted the International Monetary Fund to warn Mr Bukele , a 40-year-old former marketing executive and businessman, that Bitcoin’s rollercoaster price fluctuations put the country’s battered economy at risk. Rating agencies Fitch and Moody’s have this year reduced El Salvador’s credit ratings to their lowest grade while categorising the country’s bonds as “junk”. Some are now warning that El Salvador could default on an $800 million loan payment due in January as a result of Mr Bukele’s Bitcoin push. The cryptocurrency city will have a giant Bitcoin logo in the central plaza The cryptocurrency trading hub is to be powered by geothermal energy from a local volcano Yet the president, a prolific social media user, is doubling down, on Tuesday ordering his economy ministry to buy 500 more Bitcoins to add to its existing reserve of 1,801 Bitcoins, saying that the Central American nation had “bought the dip”. A few hours later, Mr Bukele then bragged that he could make a profit of $11 million by immediately selling his new Bitcoins but preferred to hang on to them. The 500 Bitcoins will have cost nearly £30 million. But that is just half of what they would have been worth a week ago. El Salvador just bought the dip! 🇸🇻 500 coins at an average USD price of ~$30,744 🥳 #Bitcoin — Nayib Bukele (@nayibbukele) May 9, 2022 Mr Bukele has been dogged by allegations of authoritarianism and populism, including persecuting critical journalists, firing a prosecutor who was investigating him, sending armed soldiers into the national assembly ahead of a key vote and secretly negotiating an illegal truce with El Salvador’s uber-violent “mara” street gang s. He is currently immersed in a brutal crackdown of the “maras” following a recent upsurge in murders. Thousands have been locked up and paraded for the TV cameras handcuffed and wearing just their underwear. Human rights groups warn that Mr Bukele’s government now routinely violates the rights of legitimate gang suspects while also sweeping up thousands of innocent bystanders who have nothing to do with the “maras”.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Key Insights: After a mixed start to the week, buying momentum gathered pace on Tuesday, with Dogecoin (DOGE) leading the top ten crypto majors. Solana (SOL) extended its winning streak to five days, its best run since March. The total market cap rose by $8.8 billion, another relatively modest rise. For June, the total market cap remains down by $405 billion. It was another choppy session for the crypto market on Tuesday. Bitcoin ( BTC ) took a run at $22,000 before easing back. The pullback saw bitcoin end the day at $20,699. A sharp pickup in risk appetite across the global financial markets delivered support to the crypto market. With the US markets reopened after Monday’s holiday, the NASDAQ 100 rallied by 2.51%. While weaker than in previous weeks, a correlation between bitcoin and the NASDAQ was evident, with a late decline in the NASDAQ pulling back the broader crypto market. An upward swing in crude oil prices tested support for the NASDAQ and the crypto majors late in the session. Market angst over inflation and central bank policies to bring inflation back to target raises the threat of a global economic recession. NASDAQ BTC WTI 220622 Daily Chart Despite this week’s uptrend, headwinds persist, which leaves the crypto market at risk of a reversal. Today, Fed Chair Powell testimony on Capitol Hill will draw plenty of interest and will remind the markets of what lies ahead on the policy and economy front. Crypto Market Cap Up for Again but Deep in the Red for June Another mixed crypto session led to a modest increase in the total crypto market cap. On Tuesday, the total market cap increased by $8.8 billion, following a $4.4 billion rise on Monday. The upswing was small compared with Sunday’s $62.6 billion jump, leaving the market cap down $405 billion for June. Total Market Cap 220622 Daily Chart Poignantly, the crypto market avoided a new June low for a third consecutive day. However, downside risks remain, with central bank monetary policy, the threat of a recession, and a likely shift in the regulatory landscape the key considerations near term. Story continues Looking at the top ten, ADA (-2.04%) and ETH (-0.18%) gave up early gains to end the day in the red. However, it was a bullish session for the remainder, with DOGE rallying by 9.50% to lead the way. BNB (+1.66%), BTC (+0.71%), SOL (+3.30%), and XRP (+1.44%) also found support. From the CoinMarketCap top 100, Shiba Inu ( SHIB ) and Waves ( WAVES ) led the way, surging by 31.20% and 43.04%, respectively. On the stablecoin front, USDD movements were market positive. While TRON DAO Reserve failed to restore the peg, USDD returned to $0.97, easing market fear of another stablecoin collapse. USDD 7-Day Chart 220622 The return to $0.97 levels delivered TRON ( TRX ) support, with TRX ending the day up 6.18%. TRON DAO Reserve collateral figures continued to ease concerns of a USDD collapse. At the time of writing, the collateral ratio stood at 326.35%. USDD Collateral Ratio 220622 Total Crypto Liquidations Eased Back Following Fed Policy Decision The downward trend in total crypto liquidations continued on Tuesday. After hitting $1 billion last Tuesday, 24-hour liquidations fell from $315 million on Monday to $199.82 million on Tuesday. This morning, 24-hour liquidations stood at $170.27 million, a second consecutive morning at sub-$200 million. One-hour liquidations reflected improving market conditions. According to Coinglass , one-hour liquidations stood at $1.91 million. A decline in 24-hour total liquidations to sub-$100 million would deliver crypto market support. Crypto Daily News Highlights Elon Musk reassurances of support for DOGE delivered a meme coin breakout. Axie Infinity ( AXS ) became the most searched NFT in 112 countries, outmuscling Decentaland ( MANA ). Crypto Casino Stake.com sponsored English Premier League side Everton Football Club. DeFi Pulse Index jumped 13%, driven by a token rebound. Uniswap ( UNI ) broke out on news of the NFT marketplace launch. This article was originally posted on FX Empire More From FXEMPIRE: Climate laws face new EU Parliament vote after failed first try French bank Credit Agricole targets higher growth and more customers by 2025 SoftBank overseas business chief exits in latest churn Tennis-Serena ‘absolutely’ had doubts about competing again Indonesia president to push for peace with Ukraine, Russia visits -minister EU seeks to heal, bring back nature with landmark law', 'Key Insights: After a mixed start to the week, buying momentum gathered pace on Tuesday, with Dogecoin (DOGE) leading the top ten crypto majors. Solana (SOL) extended its winning streak to five days, its best run since March. The total market cap rose by $8.8 billion, another relatively modest rise. For June, the total market cap remains down by $405 billion. It was another choppy session for the crypto market on Tuesday. Bitcoin ( BTC ) took a run at $22,000 before easing back. The pullback saw bitcoin end the day at $20,699. A sharp pickup in risk appetite across the global financial markets delivered support to the crypto market. With the US markets reopened after Monday’s holiday, the NASDAQ 100 rallied by 2.51%. While weaker than in previous weeks, a correlation between bitcoin and the NASDAQ was evident, with a late decline in the NASDAQ pulling back the broader crypto market. An upward swing in crude oil prices tested support for the NASDAQ and the crypto majors late in the session. Market angst over inflation and central bank policies to bring inflation back to target raises the threat of a global economic recession. NASDAQ BTC WTI 220622 Daily Chart Despite this week’s uptrend, headwinds persist, which leaves the crypto market at risk of a reversal. Today, Fed Chair Powell testimony on Capitol Hill will draw plenty of interest and will remind the markets of what lies ahead on the policy and economy front. Crypto Market Cap Up for Again but Deep in the Red for June Another mixed crypto session led to a modest increase in the total crypto market cap. On Tuesday, the total market cap increased by $8.8 billion, following a $4.4 billion rise on Monday. The upswing was small compared with Sunday’s $62.6 billion jump, leaving the market cap down $405 billion for June. Total Market Cap 220622 Daily Chart Poignantly, the crypto market avoided a new June low for a third consecutive day. However, downside risks remain, with central bank monetary policy, the threat of a recession, and a likely shift in the regulatory landscape the key considerations near term. Story continues Looking at the top ten, ADA (-2.04%) and ETH (-0.18%) gave up early gains to end the day in the red. However, it was a bullish session for the remainder, with DOGE rallying by 9.50% to lead the way. BNB (+1.66%), BTC (+0.71%), SOL (+3.30%), and XRP (+1.44%) also found support. From the CoinMarketCap top 100, Shiba Inu ( SHIB ) and Waves ( WAVES ) led the way, surging by 31.20% and 43.04%, respectively. On the stablecoin front, USDD movements were market positive. While TRON DAO Reserve failed to restore the peg, USDD returned to $0.97, easing market fear of another stablecoin collapse. USDD 7-Day Chart 220622 The return to $0.97 levels delivered TRON ( TRX ) support, with TRX ending the day up 6.18%. TRON DAO Reserve collateral figures continued to ease concerns of a USDD collapse. At the time of writing, the collateral ratio stood at 326.35%. USDD Collateral Ratio 220622 Total Crypto Liquidations Eased Back Following Fed Policy Decision The downward trend in total crypto liquidations continued on Tuesday. After hitting $1 billion last Tuesday, 24-hour liquidations fell from $315 million on Monday to $199.82 million on Tuesday. This morning, 24-hour liquidations stood at $170.27 million, a second consecutive morning at sub-$200 million. One-hour liquidations reflected improving market conditions. According to Coinglass , one-hour liquidations stood at $1.91 million. A decline in 24-hour total liquidations to sub-$100 million would deliver crypto market support. Crypto Daily News Highlights Elon Musk reassurances of support for DOGE delivered a meme coin breakout. Axie Infinity ( AXS ) became the most searched NFT in 112 countries, outmuscling Decentaland ( MANA ). Crypto Casino Stake.com sponsored English Premier League side Everton Football Club. DeFi Pulse Index jumped 13%, driven by a token rebound. Uniswap ( UNI ) broke out on news of the NFT marketplace launch. This article was originally posted on FX Empire More From FXEMPIRE: Climate laws face new EU Parliament vote after failed first try French bank Credit Agricole targets higher growth and more customers by 2025 SoftBank overseas business chief exits in latest churn Tennis-Serena ‘absolutely’ had doubts about competing again Indonesia president to push for peace with Ukraine, Russia visits -minister EU seeks to heal, bring back nature with landmark law', '• On Tuesday, Elon Musk returned to the subject of Dogecoin (DOGE), reassuring investors of his unwavering support.\n• DOGE rallied by 9.50%, with Shiba Inu (SHIB) surging by 31.20% on Musk support.\n• Technical indicators are bullish, with DOGE sitting above the 100-day EMA.\nLong-time Dogecoin (DOGE) advocate Elon Musk was back in the news this week. A $258 billionlawsuitappears to have done little to deter the man behind Tesla Inc. and SpaceX from supporting the meme coins.\nUnlike many, however, Elon Musk has done more than talk, with Tesla Inc. and SpaceX accepting DOGE and SHIB for merch payments.\nDespite Musk’s unwavering support, crypto investor Keith Johnson sued Elon Musk, SpaceX, and Tesla Inc. last week for promoting DOGE.\nJohnson alleged he was defrauded out of money by the defendants, calling the meme coin a “Dogecoin Crypto Pyramid Scheme.”\nJohnson went on to claim,\n“Defendants falsely and deceptively claim that Dogecoin is a legitimate investment when it has no value at all.”\nJohnson looks to represent investors “who have lost mo Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-06-22 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $382,698,855,000 - Hash Rate: 193273708.269298 - Transaction Count: 255472.0 - Unique Addresses: 639691.0 Social & AI Sentiment: - Fear & Greed Index: 0.11 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: NEW YORK (AP) Its been a wild week in crypto, even by crypto standards. Bitcoin tumbled, stablecoins were anything but stable and one of the crypto industry's highest-profile companies lost a third of its market value. Here's a look at some major developments in cryptocurrencies this week: BITCOIN The price of bitcoin dropped to around $25,420 this week, its lowest level since December 2020, according to CoinDesk. It steadied around $30,000 Friday, but that's still less than half the price bitcoin fetched last November. Some bitcoin proponents have said the digital currency could protect its holders against inflation and act as a hedge against a decline in the stock market. Lately, it's done neither. Inflation at the consumer level rose 8.3% in April compared to a year ago, a level last seen in the early '80's. With the Federal Reserve aggressively raising interest rates to try to tamp down inflation, investors are dumping risky assets, including stocks and crypto. The S&P 500 is down more than 15% this year. Bitcoin has dropped about 37% year to date. Other cryptos have fared just as poorly. Ethereum has dropped 44% and dogecoin, a cryptocurrency favored by Tesla CEO Elon Musk, has lost about half its value. STABLECOIN COLLAPSE Stablecoins have been viewed as a safe harbor among cryptocurrencies. Thats because the value of many stablecoins is pegged to a government-backed currency, such as the U.S. dollar, or precious metals such as gold. But this week one of the more widely used stablecoins, Terra, experienced the cryptocurrency equivalent of a run on the bank. Terra is a stablecoin in a cryptocurrency ecosystem known as Terra Luna. Terra is an algorithmic stablecoin, which means its supply is adjusted through complicated buying and selling to keep its peg to $1. Terra was also fueled by an incentive program that gave its holders high yields on their Terra. Luna was the coin meant to be used in the ecosystem to buy and sell assets, and at its peak it was worth more than $100. Even though the developers of Terra said its algorithms would backstop the stablecoin, they decided to further backstop it with holdings of bitcoin. Terras problems started from a combination of withdrawals of hundreds of millions, perhaps billions, of dollars from Anchor, a platform that supported the stablecoin. Combined with worries overall about cryptocurrencies, and the drop in bitcoins price, Terra started to lose its peg to the dollar. The bitcoin that Terra held was also worth less than they paid for it, and selling those bitcoin into the market caused bitcoin prices to fall even further. Story continues Efforts by Terra's developers to shore up liquidity failed. On Friday, Terra had fallen to 12 cents and Luna was trading at a value of less than one ten thousandth of one cent. COINBASE Coinbase lost about a third of its value this week, during which the cryptocurrency trading platform reported that active monthly users fell by 19% in the first quarter amid the decline in crypto values. Investors had been running for the exits even before Coinbase reported a $430 million quarterly loss. Shares closed Friday at $67.87. On the day of its initial public offering just 13 months ago, shares reached $429 each. In a letter to shareholders, Coinbase said it believed that current market conditions were not permanent and it remained focused on the long-term while prioritizing product development. While most Wall Street analysts expect Coinbase to weather the storm, they're also warning that increased regulation of cryptocurrencies could hamper the company's growth. REGULATORS There has been a lot of talk about regulating cryptocurrencies, but little in the way of action. Treasury Secretary Janet Yellen, responding to the volatility in the crypto markets this week, said Thursday that the U.S. needs a regulatory framework to guard against the risks surrounding cryptocurrencies and stablecoins. In March, Federal Reserve Chair Jerome Powell said new forms of digital money such as cryptocurrencies and stablecoins present risks to the U.S. financial system and will require new rules to protect consumers. This Monday, right before the implosion of Terra, the Fed said in its semiannual report on financial stability that stablecoins are vulnerable to runs that could harm owners of the coins. Securities and Exchange Commission Chairman Gary Gensler has said that the crypto industry is rife with fraud, scams and abuse and that his agency needs more authority from Congress and more funding to regulate the market. Britain has unveiled plans to regulate stablecoins as part of a broader plan to become a global hub for digital payments. European Union lawmakers have agreed on draft rules for cryptoassets, but still have to negotiate a final bill. __ AP Economics Writer Christopher Rugaber and AP Technology Write Michael Liedtke contributed. View comments... - Reddit Posts (Sample): [['u/TotesGnar', 'Just Panic Sold.....', 78, '2022-06-22 01:13', 'https://www.reddit.com/r/Bitcoin/comments/vhqe7z/just_panic_sold/', '....my dollars for Bitcoin. Huge lesson learned.', 'https://www.reddit.com/r/Bitcoin/comments/vhqe7z/just_panic_sold/', 'vhqe7z', [['u/thephobiaa', 17, '2022-06-22 01:19', 'https://www.reddit.com/r/Bitcoin/comments/vhqe7z/just_panic_sold/id8nfqw/', 'This is the way', 'vhqe7z'], ['u/inhodel', 100, '2022-06-22 03:17', 'https://www.reddit.com/r/Bitcoin/comments/vhqe7z/just_panic_sold/id91v43/', 'Hey man. 2018 bear market wants its joke back.', 'vhqe7z'], ['u/ndgoLiberty', 22, '2022-06-22 04:45', 'https://www.reddit.com/r/Bitcoin/comments/vhqe7z/just_panic_sold/id9c9hj/', 'He bought? Domp eet', 'vhqe7z'], ['u/seaningtime', 14, '2022-06-22 05:07', 'https://www.reddit.com/r/Bitcoin/comments/vhqe7z/just_panic_sold/id9etxr/', 'Gotta love these low effort jokes that get recycled every day', 'vhqe7z'], ['u/tranceology3', 10, '2022-06-22 09:14', 'https://www.reddit.com/r/Bitcoin/comments/vhqe7z/just_panic_sold/ida0zcv/', 'Hey man, 2016 wants this joke back.', 'vhqe7z']]], ['u/Augustus--', 'Serious question: what do butters say will happen when the last block is mined?', 38, '2022-06-22 01:34', 'https://www.reddit.com/r/Buttcoin/comments/vhqswu/serious_question_what_do_butters_say_will_happen/', 'So I\'m not a crypto expert, but from my casual perusing of this sub:\n\nMining blocks means wasting energy to have GPUs perform complex math\n\nPeople only mine blocks because mining blocks gives you Bitcoin\n\nMining is needed because it\'s how the blockchain grows and that blockchain is where all the transactions and nfts and other dumb crypto stuff happens\n\nThere are a finite amount of bitcoins\n\n\n\nSo eventually the last Bitcoin will be mined... And then what? The miners no longer get Bitcoin when they mine so they won\'t grow the blockchain, so what happens? Is this a """""""""currency""""""""" with a planned obsolescence scheme?', 'https://www.reddit.com/r/Buttcoin/comments/vhqswu/serious_question_what_do_butters_say_will_happen/', 'vhqswu', [['u/Cryptcunt', 55, '2022-06-22 01:36', 'https://www.reddit.com/r/Buttcoin/comments/vhqswu/serious_question_what_do_butters_say_will_happen/id8pjp7/', 'I think the idea is that network transaction fees will keep the miners going.', 'vhqswu'], ['u/elegant-jr', 39, '2022-06-22 01:49', 'https://www.reddit.com/r/Buttcoin/comments/vhqswu/serious_question_what_do_butters_say_will_happen/id8r6dk/', 'Long before that transaction fees will be so high btc will be practically unmovable i think.', 'vhqswu'], ['u/MR_-_501', 12, '2022-06-22 01:49', 'https://www.reddit.com/r/Buttcoin/comments/vhqswu/serious_question_what_do_butters_say_will_happen/id8r6qt/', "You misunderstand the way the mining difficulty works, it's more like a competition that gets more difficult when more miners join, the block reward in buttcoin is getting lower, and will keep getting lower, however the difficulty is based on the amount of miners, so it will always reach an equilibrium between reward/buttcoin value and how much all miners can spend on electricity/hardware to break even.\n\nThis is also why amount of energy per transaction is such a bs comparison, it is actually worse for the environment to hold buttcoin because you are increasing the price by decreasing supply, and higher buttcoin prices means more useless mining operations.", 'vhqswu'], ['u/Cryptcunt', 31, '2022-06-22 01:58', 'https://www.reddit.com/r/Buttcoin/comments/vhqswu/serious_question_what_do_butters_say_will_happen/id8s8lu/', "it's already practicality unmovable! 🤣", 'vhqswu'], ['u/PneumaticAtol39', 27, '2022-06-22 02:17', 'https://www.reddit.com/r/Buttcoin/comments/vhqswu/serious_question_what_do_butters_say_will_happen/id8ukak/', 'There will be a loud bang and they will all cum together, in their lambos, while driving at 150 mph, on a country road, in their mind, in an asylum.', 'vhqswu'], ['u/raishak', 20, '2022-06-22 03:33', 'https://www.reddit.com/r/Buttcoin/comments/vhqswu/serious_question_what_do_butters_say_will_happen/id93qgd/', 'As a miner, you get to pick which transactions go into your block. You also get to send all the transaction fees attached to those to your own wallet. Then you try as hard as you can to "solve" your block, which is basically just randomly guessing a number until you get one that works. \n\nWhenever a miner solves the "next" block on the chain, the transaction fees paid to them go from "pending" to real, and they can use that money. The fixed mining reward is also in this transaction list so they get that too. \n\nAs a non-miner, you can add what ever transaction fee you want to your transaction. You could even add nothing and so it will be free. Basically you bid for a miner\'s attention by increasing the fee you are willing to pay.', 'vhqswu'], ['u/thedomjack', 10, '2022-06-22 04:26', 'https://www.reddit.com/r/Buttcoin/comments/vhqswu/serious_question_what_do_butters_say_will_happen/id99zpq/', "So long as the price of bitcoin keeps going up and there aren't any bad actors with access to cheap power everything will be fine.", 'vhqswu'], ['u/ross_st', 12, '2022-06-22 04:55', 'https://www.reddit.com/r/Buttcoin/comments/vhqswu/serious_question_what_do_butters_say_will_happen/id9dgpw/', "The block reward was meant to be like a subsidy for transaction fees.\n\nThe idea is that after the block reward reaches 0, miners are rewarded solely by transaction fees, because everyone uses Bitcoin by that point so there are lots of people paying transaction fees.\n\nThe fact that Bitcoin can't actually support that many users was never addressed by Satoshi before he disappeared, which led to a civil war over how Bitcoin should be modified so it can scale. There are essentially two competing solutions; Layer 2 on top of Bitcoin, and forks of Bitcoin that increase the block size. (Neither solution actually makes Bitcoin scalable enough for global usage.)", 'vhqswu'], ['u/elegant-jr', 16, '2022-06-22 08:54', 'https://www.reddit.com/r/Buttcoin/comments/vhqswu/serious_question_what_do_butters_say_will_happen/id9zh2e/', "Basically saying it's useless.", 'vhqswu']]], ['u/Ok_Ladder1082', 'Bitcoin ATM in small town of 1,700 people', 181, '2022-06-22 02:24', 'https://www.reddit.com/r/Bitcoin/comments/vhrtkf/bitcoin_atm_in_small_town_of_1700_people/', '[Just went to my local gas station in a rural area of Tennessee, our town only has 1,733 people, and I see this. ](https://preview.redd.it/i8q74blog2791.jpg?width=1164&format=pjpg&auto=webp&s=242c782ce4b8038581cf4b33901c4b018e7f2d07)', 'https://www.reddit.com/r/Bitcoin/comments/vhrtkf/bitcoin_atm_in_small_town_of_1700_people/', 'vhrtkf', [['u/lDanceLikeThis', 48, '2022-06-22 02:37', 'https://www.reddit.com/r/Bitcoin/comments/vhrtkf/bitcoin_atm_in_small_town_of_1700_people/id8x2q0/', 'Is the town like the show Ozarks? You only need one with enough dirty money to fill the whole laundromat.', 'vhrtkf'], ['u/arbalest_22', 34, '2022-06-22 03:19', 'https://www.reddit.com/r/Bitcoin/comments/vhrtkf/bitcoin_atm_in_small_town_of_1700_people/id9220t/', 'Enjoy the fees. lol', 'vhrtkf'], ['u/Ok_Ladder1082', 13, '2022-06-22 03:29', 'https://www.reddit.com/r/Bitcoin/comments/vhrtkf/bitcoin_atm_in_small_town_of_1700_people/id93b1q/', 'lol i would never use, just thought it was interesting', 'vhrtkf'], ['u/motaconan', 11, '2022-06-22 03:40', 'https://www.reddit.com/r/Bitcoin/comments/vhrtkf/bitcoin_atm_in_small_town_of_1700_people/id94lu5/', 'That bitcoin ATM is owned and operated by a large bitcoin ATM company named Coin Cloud.\n\nhttps://coinatmradar.com/operator/30/coin-cloud-bitcoin-atm-operator/#locations\n\nCoin Cloud owns and operates 5860 bitcoin ATMs.', 'vhrtkf'], ['u/notkevin_durant', 18, '2022-06-22 03:49', 'https://www.reddit.com/r/Bitcoin/comments/vhrtkf/bitcoin_atm_in_small_town_of_1700_people/id95mes/', 'But he said 100%', 'vhrtkf'], ['u/feyyd', 15, '2022-06-22 03:50', 'https://www.reddit.com/r/Bitcoin/comments/vhrtkf/bitcoin_atm_in_small_town_of_1700_people/id95sjp/', 'apparently over 20% otherwise sign me up for infinite bitcoin', 'vhrtkf'], ['u/ogherbsmon', 10, '2022-06-22 04:09', 'https://www.reddit.com/r/Bitcoin/comments/vhrtkf/bitcoin_atm_in_small_town_of_1700_people/id982rg/', 'If you spend over $100 your fees are free! Lol', 'vhrtkf']]], ['u/lymeguy', 'how many of you think crypto is a semi ponzi scheme?', 1390, '2022-06-22 02:52', 'https://www.reddit.com/r/CryptoCurrency/comments/vhse31/how_many_of_you_think_crypto_is_a_semi_ponzi/', "Don't get me wrong I'm not saying you can't make money in it or that there are potential legitimate uses for it. But I think stuff that people like Michael Saylor try to sell about Bitcoin is total bs. \n\nYou'd think you're listening to a religious pastor when you hear him spread pretentious ideas about how bitcoin is the future of finance. Lmao. \n\nI'm sure bitcoin still has big bull runs in its future but I don't see any evidence of what libertarian hard-core crypto people claim about it happening. \n\nUltimately though I think much of the massive money that gets put in by whales is to pump up the market and eventually cash a lot out when it gets big enough, and leaves retailers in many cases screwed over. \n\nWhat do you think, whether you agree or disagree?\n\n🐻 🐄🐮", 'https://www.reddit.com/r/CryptoCurrency/comments/vhse31/how_many_of_you_think_crypto_is_a_semi_ponzi/', 'vhse31', [['u/fan_of_hakiksexydays', 53, '2022-06-22 02:55', 'https://www.reddit.com/r/CryptoCurrency/comments/vhse31/how_many_of_you_think_crypto_is_a_semi_ponzi/id8z93x/', "So you're essentially asking, how many people are confusing Ponzi scheme for greater fool scheme. \n\nWhich is what people who call Bitcoin a Ponzi are actually trying to say, but they never bothered to check the definition.", 'vhse31'], ['u/Smiling_Jack_', 171, '2022-06-22 03:00', 'https://www.reddit.com/r/CryptoCurrency/comments/vhse31/how_many_of_you_thi... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Key Insights: After brief relief on Tuesday, volatility spiked on Wednesday, with Fed Chair Powell pulling the crypto strings. Dogecoin (DOGE), Ethereum (ETH), and Solana (SOL) joined bitcoin (BTC) in deep the red. Solana saw a five-day winning streak come to an end. The total market cap reversed gains from Monday and Tuesday, with a $33 billion fall to end the day at $862 billion. It was yet another choppy session for the crypto market on Wednesday. Recession fears plagued bitcoin ( BTC ) and the broader crypto market. Apprehension ahead of Fed Chair Powell’s testimony on Capitol Hill added to the market angst. The NASDAQ Mini 100, WTI crude oil, and the crypto market were in the red going into the afternoon session. Market sensitivity to Fed Chair Powell’s testimony was evident, not only across the global equity markets, but also across the crypto market. However, after tracking the NASDAQ 100 through the early part of the Powell testimony, a decoupling was evident later. On Wednesday, the NASDAQ 100 slipped by 0.15%, while bitcoin slid by 3.6%. WTI crude slid by 4.03% to $106.19, with the reversal more aligned with the crypto market and reflective of investor jitters over the risk of a US recession. NASDAQ BTC WTI 230622 5 Minute Chart Today, the second day of Fed Chair Powell’s testimony on Capitol Hill will draw interest along with key stats from the US. Economic data from the US include prelim June private sector PMIs and the weekly jobless claims. The numbers will need to be upbeat to support the Fed Chair’s view on labor market conditions and the economy. Crypto Market Cap Hits Reverse as Powell Talks Recession A bearish crypto session saw the total crypto market cap fall to a day low of $852 billion before a partial recovery to end the day at $861.5 billion. On Wednesday, $33 billion came off the table as investors responded to Fed Chair Powell’s testimony. Total Market Cap 230622 Daily Chart The pullback reversed modest gains from earlier in the week, with the market cap now down $19 billion for the week and $431 billion for June. Story continues Any market hope of Powell removing downside risks vanished on Wednesday. Initially, the market responded positively to early comments before hitting reverse. In line with market expectations, Fed Chair Powell discussed the need to continue hiking rates to bring inflation back to target. According to FX Empire , Powell noted , “We anticipate that ongoing rate increases will be appropriate; the pace of those changes will continue to depend on the incoming data and the evolving outlook for the economy.” For riskier assets, Powell’s reference to the influence of incoming data and the economic outlook on the Fed interest rate path eased immediate concerns of a hard landing. The support was brief, however, with the Q&A session highlighting the Fed’s threat to the US economy. Market reaction to the testimony left the top ten cryptos in negative territory. DOGE (-6.21%), ETH (-6.75%), and SOL (-6.25%) led the way down. ADA (-4.75%) and BTC (-3.63%) also struggled, while BNB (-2.64%) and XRP (-1.89%) saw relatively modest losses. From the CoinMarketCap top 100, Waves ( WAVES ) was the biggest loser, sliding by 15.39%, the downside partially reversing a 43.04% breakout from Tuesday. Several cryptos bucked the trend, with Polygon ( MATIC ) and Uniswap ( UNI ) among the front runners. MATIC and UNI ended the day with gains of 8.49% and 4.32%, respectively. Stablecoins Hold Steady Despite USDD Peg Issues On the stablecoin front, USDD avoided a fall to sub-$0.97 before striking a day high of $0.9762. USDD 7-Day Chart 230622 Since June 13, TRON DAO Reserve has yet to restore the dollar peg. Despite this, a partial recovery from a June 19 of $0.9256 remains good enough for the market. Transparency has proven to be the key, with initial investor fear of another stablecoin collapse abating. According to TRON DAO Reserve, the collateral ratio stood at 324.16%. USDD Collateral Ratio 230622 Looking at the major stablecoins, Binance USD ( BUSD ) and USD Coin ( USDC ) were the only coins with the dollar peg firmly in place. Total Crypto Liquidations Eased Further Back Powell’s Testimony The downward trend in total crypto liquidations continued into this morning. 24-hour liquidations slipped from a Wednesday $170.27 million to $165.11 million this morning. Last week, total liquidations had hit $1 billion levels. One-hour liquidations reflected improved market conditions. According to Coinglass , one-hour liquidations stood at $2.05 million. Total Crypto Liquidations 230622 A decline in 24-hour total liquidations to sub-$100 million would deliver crypto market support. Persistent headwinds, including the threat of an economic recession, will continue to test support cryptos. Daily News Highlights Crypto.com obtained Singapore regulatory approval for payment services. Citibank & Swiss company METACO announced plans to develop institutional crypto custody. Israel and Hong Kong reported plans to test new digital currencies. Tether ( USDT ) announced its fifth stablecoin offering, the GBPT. Cardano (ADA) slumped on news of a delay to the Vasil hard fork. Crypto mining became more accessible as miners sold graphic cards at heavy discounts. This article was originally posted on FX Empire More From FXEMPIRE: Wildfire in southwest Turkey rages on, dashing hopes it was contained Maxwell deserves 30- to 55-year prison term – U.S. prosecutors As Russia cuts gas, German industry grapples with painful choices Australian state inquiry says miners failed to protect women E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – ‘Possibility’ of Recession Capping Gains Dollar languishes as recession fears mount; yen bounces while won slides', 'Key Insights: After brief relief on Tuesday, volatility spiked on Wednesday, with Fed Chair Powell pulling the crypto strings. Dogecoin (DOGE), Ethereum (ETH), and Solana (SOL) joined bitcoin (BTC) in deep the red. Solana saw a five-day winning streak come to an end. The total market cap reversed gains from Monday and Tuesday, with a $33 billion fall to end the day at $862 billion. It was yet another choppy session for the crypto market on Wednesday. Recession fears plagued bitcoin ( BTC ) and the broader crypto market. Apprehension ahead of Fed Chair Powell’s testimony on Capitol Hill added to the market angst. The NASDAQ Mini 100, WTI crude oil, and the crypto market were in the red going into the afternoon session. Market sensitivity to Fed Chair Powell’s testimony was evident, not only across the global equity markets, but also across the crypto market. However, after tracking the NASDAQ 100 through the early part of the Powell testimony, a decoupling was evident later. On Wednesday, the NASDAQ 100 slipped by 0.15%, while bitcoin slid by 3.6%. WTI crude slid by 4.03% to $106.19, with the reversal more aligned with the crypto market and reflective of investor jitters over the risk of a US recession. NASDAQ BTC WTI 230622 5 Minute Chart Today, the second day of Fed Chair Powell’s testimony on Capitol Hill will draw interest along with key stats from the US. Economic data from the US include prelim June private sector PMIs and the weekly jobless claims. The numbers will need to be upbeat to support the Fed Chair’s view on labor market conditions and the economy. Crypto Market Cap Hits Reverse as Powell Talks Recession A bearish crypto session saw the total crypto market cap fall to a day low of $852 billion before a partial recovery to end the day at $861.5 billion. On Wednesday, $33 billion came off the table as investors responded to Fed Chair Powell’s testimony. Total Market Cap 230622 Daily Chart The pullback reversed modest gains from earlier in the week, with the market cap now down $19 billion for the week and $431 billion for June. Story continues Any market hope of Powell removing downside risks vanished on Wednesday. Initially, the market responded positively to early comments before hitting reverse. In line with market expectations, Fed Chair Powell discussed the need to continue hiking rates to bring inflation back to target. According to FX Empire , Powell noted , “We anticipate that ongoing rate increases will be appropriate; the pace of those changes will continue to depend on the incoming data and the evolving outlook for the economy.” For riskier assets, Powell’s reference to the influence of incoming data and the economic outlook on the Fed interest rate path eased immediate concerns of a hard landing. The support was brief, however, with the Q&A session highlighting the Fed’s threat to the US economy. Market reaction to the testimony left the top ten cryptos in negative territory. DOGE (-6.21%), ETH (-6.75%), and SOL (-6.25%) led the way down. ADA (-4.75%) and BTC (-3.63%) also struggled, while BNB (-2.64%) and XRP (-1.89%) saw relatively modest losses. From the CoinMarketCap top 100, Waves ( WAVES ) was the biggest loser, sliding by 15.39%, the downside partially reversing a 43.04% breakout from Tuesday. Several cryptos bucked the trend, with Polygon ( MATIC ) and Uniswap ( UNI ) among the front runners. MATIC and UNI ended the day with gains of 8.49% and 4.32%, respectively. Stablecoins Hold Steady Despite USDD Peg Issues On the stablecoin front, USDD avoided a fall to sub-$0.97 before striking a day high of $0.9762. USDD 7-Day Chart 230622 Since June 13, TRON DAO Reserve has yet to restore the dollar peg. Despite this, a partial recovery from a June 19 of $0.9256 remains good enough for the market. Transparency has proven to be the key, with initial investor fear of another stablecoin collapse abating. According to TRON DAO Reserve, the collateral ratio stood at 324.16%. USDD Collateral Ratio 230622 Looking at the major stablecoins, Binance USD ( BUSD ) and USD Coin ( USDC ) were the only coins with the dollar peg firmly in place. Total Crypto Liquidations Eased Further Back Powell’s Testimony The downward trend in total Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-06-23 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $388,074,262,875 - Hash Rate: 223431040.49786 - Transaction Count: 255213.0 - Unique Addresses: 633984.0 Social & AI Sentiment: - Fear & Greed Index: 0.11 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: cryptocurrency investing concept Getty Image A precipitous plunge in Coinbase Global ( COIN , $72.99) stock is suddenly more than just a concern to current shareholders. That's because the cryptocurrency exchange operator just warned its users that, in the event of a bankruptcy, the company might just hold on to their digital assets. Typically, the most important news to come out of a publicly traded company's quarterly earnings report is … well, the earnings. Analysts, media and investors all flock to see how the company's most recent sales, profits and other performance metrics stacked up, and when available, what the company projects it will do going forward. SEE MORE 18 Bitcoin ETFs and Cryptocurrency Funds You Should Know But in Coinbase's report, released Tuesday after the market close, the biggest news nugget was tucked away in a lesser-viewed section: "Risk factors." Public companies must regularly disclose extensive amounts of information related to their business to aid investors in understanding the full risks involved with their investments. And in their Q1 2022 filing , a new SEC requirement called SAB 121 obligated the company to detail responsibilities to safeguard crypto assets held for users on the trading platform. The disclosure stated that, in the event Coinbase ever declared bankruptcy, "the crypto assets we hold in custody on behalf of our customers could be subject to bankruptcy proceedings" and Coinbase users would become "general unsecured creditors". Coinbase CEO Brian Armstrong insists Coinbase isn't at risk of bankruptcy . "There is some noise about a disclosure we made in our 10Q today about how we hold crypto assets," he tweeted. "Tl;dr: Your funds are safe at Coinbase, just as they’ve always been." But amid a weak quarterly performance and a recent collapse in crypto prices – not to mention shares that had crumpled by 25% late Wednesday and, as of late in the session, were down more than 85% from the company's $381 initial public offering (IPO) price – Coinbase users wouldn't be blamed for wondering what exactly this new risk factor means for them. Story continues And for that matter, users of any platform that facilitates crypto trading might want to learn a little more about this situation. What Happened? Coinbase on Tuesday reported a pretty disappointing quarter on most fronts. First-quarter revenues were off 27% year-over-year to $1.17 billion, widely missing analysts' expectations for $1.50 billion. Meanwhile, the company swung to a $430 million loss after earning $388 million in the year-ago period, and monthly users were down 19% YoY. SEE MORE Now You Can Own Bitcoin in 401(k)s. Should You? But investors were more drawn to an SEC disclosure related to what would happen to user cryptocurrency assets in the worst-case event of a future bankruptcy proceeding: "Because custodially held crypto assets may be considered to be the property of a bankruptcy estate, in the event of a bankruptcy, the crypto assets we hold in custody on behalf of our customers could be subject to bankruptcy proceedings and such customers could be treated as our general unsecured creditors," the company said in its Form 10-Q. What Does That Mean for Coinbase Users (And Their Crypto)? This effectively means Coinbase users' ownership of their crypto isn't absolute. In the event of a Coinbase bankruptcy, any crypto held on the exchange becomes subject to bankruptcy proceedings, potentially taking away users' cryptocurrency assets. Such an event wouldn't happen with a crypto wallet that carries a private key , or a long string of characters that acts as a password. Without this private key, the crypto becomes inaccessible. When users create a Coinbase account, they actually hold their crypto in a wallet controlled by Coinbase. Users agree to have Coinbase hold the private key; instead, users gain access to the wallet with a typical password. In doing so, Coinbase users give up partial control over their cryptocurrency assets. In the event of a bankruptcy, that means Coinbase has to hand over the keys, so to speak, to debtors. Receiving treatment as a general unsecured creditor during a bankruptcy proceeding would mean Coinbase users wouldn't have the right to claim any specific property from the exchange during the proceedings. Further, they'd be locked from accessing their funds held on the platform. When companies proceed to liquidation during a bankruptcy proceeding, all of its assets get distributed to its creditors. First in line to claim assets they are owed are secured creditors, followed by unsecured creditors. General unsecured creditors sit behind secured creditors but ahead of common stockholders. While the potential for being treated as a general unsecured creditor is bad enough, the company also states the new language may lead customers to believe holding cryptocurrency with the platform would be "more risky," potentially impacting the company's financial position further. Investors should note that none of this reflects a sudden change in policy. "The Coinbase comments regarding the potential loss to customers if the company ever filed for bankruptcy is not really new information more than it is the public just starting to understand the ramifications of trading in this unregulated industry," says Rance Masheck, CEO of stock research platform iVest+. What About SIPC, You Say? Traditional brokerages carry Securities Investor Protection Corporation (SIPC) coverage worth a total of $500,000, of which $250,000 is coverage for cash and the remainder for securities held in your brokerage account. Securities, in this context, imply financial assets like stocks and bonds. SEE MORE Is Crypto Investing Really Worth It? At this time, however, crypto isn't considered a security, meaning crypto holdings don't carry such coverage. If Coinbase offered only trading of covered securities, Coinbase users would have SIPC coverage to protect against the loss of cash or securities due to financial troubles from the exchange. Regardless, Armstrong believes Coinbase customers are safe. "We believe our Prime and Custody customers have strong legal protections in their terms of service that protects their assets, even in a black swan event like this," he says. "This disclosure makes sense that these legal protections have not been tested in court for crypto assets specifically." Wall Street Still High on Coinbase Global While several Wall Street analysts spent Wednesday lowering their expectations for COIN stock, the pros are broadly still constructive on the crypto exchange operator's shares. According to S&P Global Market Intelligence, of the 25 analysts following COIN, 12 call it a Strong Buy and seven call it a Buy, versus just four Holds, one Sell and one Strong Sell. That's good for a high-conviction consensus Buy rating. Moreover, an average price target of $202.91 per share implies 178% upside from Tuesday's closing price – and even more potential gains from COIN's likely Wednesday closing price. "From our perspective, we see one of the most differentiated players in the industry," says Wedbush analyst Moshe Katri, "with significant scale, flushed with cash, efficiently and strategically managing its operation, cognizant of the market's volatility, but also planning for a potential stabilization/recovery in crypto asset volatility." Katri maintained an Outperform rating (Buy) but lowered his price target to $100 per share from $160. Oppenheimer analyst Owen Lau (Outperform) admits that the Federal Reserve is taking away "massive" liquidity, which in turn is discouraging risks in long-duration assets and driving trading-volume weakness. Regardless, he argues that "crypto adoptions continue; COIN has a strong balance sheet and is able to weather the storm; and COIN continues to diversify, which makes COIN an attractive long-term investment." SEE MORE The ‘Bividend’: What’s Up With BTCS’s Bitcoin Dividend? You may also like 10 Substantial Stock Splits to Put on Your Radar Your Guide to Roth Conversions Should Retirees Stay Invested and Ride Out These Volatile Times?... - Reddit Posts (Sample): [['u/CryptoMinimalist', "Let's focus less on Bitcoins Price and more on actual adoption.", 216, '2022-06-23 00:23', 'https://www.reddit.com/r/Bitcoin/comments/vih8qs/lets_focus_less_on_bitcoins_price_and_more_on/', "Almost every post right now is about will it go down more or when bull market? Let's focus more on utility and adoption instead. Bitcoin without merchant adoption will remain a speculative asset. A store of value at the most.", 'https://www.reddit.com/r/Bitcoin/comments/vih8qs/lets_focus_less_on_bitcoins_price_and_more_on/', 'vih8qs', [['u/ProoM', 13, '2022-06-23 02:11', 'https://www.reddit.com/r/Bitcoin/comments/vih8qs/lets_focus_less_on_bitcoins_price_and_more_on/iddc30b/', "This you?: \n\n\n>We'll take our profits until we can pay directly with crypto. Until that crypto is a Fiat casino.", 'vih8qs'], ['u/razorduc', 79, '2022-06-23 02:28', 'https://www.reddit.com/r/Bitcoin/comments/vih8qs/lets_focus_less_on_bitcoins_price_and_more_on/idde4xw/', 'So you want 95% of the Bitcoin market to stop looking at the only reason they’re in the Bitcoin market?', 'vih8qs'], ['u/CryptoMinimalist', 20, '2022-06-23 02:30', 'https://www.reddit.com/r/Bitcoin/comments/vih8qs/lets_focus_less_on_bitcoins_price_and_more_on/iddecko/', "Yes? If we don't use it as a currency and keep thinking in dollars it will remain a casino.", 'vih8qs'], ['u/CryptoMinimalist', 21, '2022-06-23 02:35', 'https://www.reddit.com/r/Bitcoin/comments/vih8qs/lets_focus_less_on_bitcoins_price_and_more_on/iddex8e/', 'The funny thing is when we embrace Bitcoin as a currency, price will go hyperbolic.', 'vih8qs'], ['u/VPNApe', 14, '2022-06-23 02:51', 'https://www.reddit.com/r/Bitcoin/comments/vih8qs/lets_focus_less_on_bitcoins_price_and_more_on/iddh0w4/', "Well there's nothing 99.99% of us can do about adoption. If stores aren't accepting it as a means of payment then it is impossible to use for most people as a currency. If stores don't give discounts that beat credit card rewards you are giving up free money by using Bitcoin.\n\nThere's nothing we can do but wait. I have a good feeling that most retailers would be happy to offer discounts to avoid paying credit card fees.", 'vih8qs'], ['u/Zimbabwe847', 11, '2022-06-23 09:10', 'https://www.reddit.com/r/Bitcoin/comments/vih8qs/lets_focus_less_on_bitcoins_price_and_more_on/idejxla/', 'The community has embraced it for over a decade now my G. What you and other new investors fail to realize is that the recent rapid push to 50k+ this year has nothing to do with “market adoption” or “utility” or a new solvent currency. \n\nBtc has had ineffable amounts of transaction volume for more than ten years now. I’ve been hodling since 2012 and can tell you this currency idea is not novel. The only reason it jumped so exponentially in the last couple of years was heavy speculation by hedge funds, central banks, governments, and other institutions using it as a less regulated store of value. Once all of these imprudent crypto newbs bought at +50k and inflated the price it became a perfect protection against inflation or market collapses for institutions . And that’s exactly what they did, now people who bought at the top are scrambling for answers to no avail. \n\nIf you’ve been hodling as long as I have you’ve seen multiple +50% drops happen with even more speed and veracity through the years. 2012-2017- and twice in the last two years. This is nothing new and will continue to happen. Stop relying on a number you have no control over to make you rich, crypto is not some god sent solvency to life’s largest tribulations. It’s a highly speculative and heavily manipulated asset with almost no regulation. Only invest what you’re willing to lose, I’ve kept that mentality since 2012 and slowly invested when it was least expensive to do so and my investment is still 30x since the most recent drop and was nearly 100x at the peak. Still never sold or bought more at the top. Forget about your losses, this could take years to break out or correct, focus on other forms of remuneration so you’re not reliant on btc, be punctilious with your investments in the future, and resist the obsequious slave mindset. Reliance on any one thing will leave you a taciturn profligate with no prospects for the future.', 'vih8qs']]], ['u/CAGO321', 'Bitcoin Transfer Completed after 5-6 hours', 18, '2022-06-23 01:24', 'https://www.reddit.com/r/Invest_Voyager/comments/viijmq/bitcoin_transfer_completed_after_56_hours/', 'Pending BTC transfer finally completed after 5-6 hours. How long is it taking other people? ETH transfer is still pending too.\n\nUpdate: ETH transfer completed after 7-8 hours. Looks like most people are successfully withdrawing, just taking some time.', 'https://www.reddit.com/r/Invest_Voyager/comments/viijmq/bitcoin_transfer_completed_after_56_hours/', 'viijmq', [['u/matthegc', 10, '2022-06-23 03:23', 'https://www.reddit.com/r/Invest_Voyager/comments/viijmq/bitcoin_transfer_completed_after_56_hours/iddky52/', 'I transferred 50% to bank and to MetaMask…left 50% in. Bank literally took under 24 hours and crypto transfers took under an hour.\n\nI think FTX / Alameda have Voyager’s back at this point and Voyager has enough cash on hand or access to capital to weather the storm.\n\nAgain, they don’t need to draw on the line of credit…it’s just there, in case they do.\n\nA “run in the bank” will only make things a lot worse, but the immediate issue of managing the contagion has been contained.', 'viijmq']]], ['u/Zonnins', 'Sick of the memes', 65, '2022-06-23 01:37', 'https://www.reddit.com/r/Bitcoin/comments/viit06/sick_of_the_memes/', 'I’m getting sick of all these Bitcoin memes. They remind me of those social media influencers who run pump and dump schemes. If Bitcoin hodlers are so base that this is how we need to comfort them about Bitcoin, I don’t want them to be Bitcoin hodlers. It’s not the type of people you want as ambassadors of Bitcoin. We should use these forums to discuss useful things like how to encourage greater adoption. What the world looks like with bitcoin as the global reserve currency, corporate trade in bitcoin, deflationary economics, 100% reserve bitcoin banking, processing corporate transactions in bitcoin like payroll, to name a few. Thanks.', 'https://www.reddit.com/r/Bitcoin/comments/viit06/sick_of_the_memes/', 'viit06', [['u/Any-Block2591', 45, '2022-06-23 02:03', 'https://www.reddit.com/r/Bitcoin/comments/viit06/sick_of_the_memes/iddb3kk/', 'The quickest way to get the posts you want is to make them yourself.', 'viit06'], ['u/Mr_P_Nissaurus', 17, '2022-06-23 02:37', 'https://www.reddit.com/r/Bitcoin/comments/viit06/sick_of_the_memes/iddf9h9/', "> If Bitcoin hodlers are so base that this is how we need to comfort them \n\nIf you're so base that you lump all Bitcoin holders into one stereotype...", 'viit06'], ['u/satoshisfeverdream', 30, '2022-06-23 02:52', 'https://www.reddit.com/r/Bitcoin/comments/viit06/sick_of_the_memes/iddh325/', 'You must be new here', 'viit06'], ['u/VPNApe', 16, '2022-06-23 02:55', 'https://www.reddit.com/r/Bitcoin/comments/viit06/sick_of_the_memes/iddhj02/', 'The 2016 election was won on the back of memes. Memes so strong that reddit had to ban an entire political party to help with the 2020 elections.\n\nMemes are the weapons in the culture war my dude.', 'viit06'], ['u/walloon5', 28, '2022-06-23 03:37', 'https://www.reddit.com/r/Bitcoin/comments/viit06/sick_of_the_memes/iddmohg/', "But memes are so powerful.\n\nPeople don't always read articles, read whitepapers. \n\nSometimes Truth is more easily conveyed through a meme.\n\nThey're just one kind of content, there's other things too.\n\nThere are high-quality resources out there, I would recommend [lopp.net](https://lopp.net) for now on those kind of techy bitcoin articles and ideas.\n\nI would recommend the Nakamoto Institute for deeper thoughts about hyperbitcoinization, what is money, etc.", 'viit06']]], ['u/Forgot_Password_Dude', 'The information we know so far and why you should stop panicking', 136, '2022-06-23 03:44', 'https://www.reddit.com/r/CelsiusNetwork/comments/vilb85/the_information_we_know_so_far_and_why_you_should/', "Plebs, here are the facts we know so far and why you shouldn't over worry about this situation; we are likely just having liquidity issues rather than being rekt and never having ur $ back.\n\nI wont talk about the speculation or any blame game or squeeze stuff; these are just using common sense judgement from the FACTS that we know so far. \n\n\n1) we are still being paid rewards (at least i am)\n\n2) they are still paying back defi loans to decrease risk (on chain data)\n\n3) they are still buying cel tokens from the open market, rekting shorts in the process (on chain data)\n\n4) Zach although silent and not allowed to say a word, attends all Celsius community twitter spaces ( I was in them as well)\n\n5) Alex had more to say to us but the longer version of the AMA message was cut short to 15 seconds by lawyers (source PlanC insider mentioned in twitter spaces)\n\n6) Alex said in AMAs(about 6-8 months ago) that only 1% is unsecured loans to big institutions (unlike Voyager which did over 52% recently to 3AC and got rekt)\n\n7) worrying and fixating on something that is out of your control is bad for your health.\n\nEven if Celsius is in financial trouble, they can also get bailed out by banks or other institutions. Rich entities with cash are gobbling up crypto companies right now. We aren't fighting against some invisible force out to destroy Celsius; we are fighting against rich entities that wants to enslave up-and-coming crypto companies like blockfi/voyager/Celsius.\n\nIn other words there are two outcomes, both of which you will get your $ back one way or another.\n\nOutcome 1: Celsius manages to get enough $ back to fix liquidity issues and reopen with limited withdrawals until things are running like it was before the mass panic\n\nOutcome 2: Celsius sells parts or most of itse... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Key Insights: It was a bullish session for the crypto market on Thursday, with Solana (SOL) and Ethereum (ETH) leading the top 10 rebound. From elsewhere, Polygon (MATIC) was among the broader market front runners, with investors moving on from Fed Chair Powell, inflation, and fears of a recession. Reversing a $33 billion slide on Wednesday, the total market cap rose by $48 billion to $900 billion. It was a bullish session for the crypto market on Thursday. Bitcoin ( BTC ) and the broader market reversed Wednesday’s losses with interest. A pickup in risk appetite delivered support as the markets moved on from Fed Chair Powell’s testimony on Wednesday. While crude oil took another hit, the US equity markets found support, with the NASDAQ 100 rising by 1.62%. The upside came despite disappointing private sector PMI numbers from the US that showed slower growth across the private sector. BTC-NASDAQ 240622 Daily Chart Following a busy few days for the global financial markets, it’s a quieter day ahead on the economic calendar. Finalized Michigan consumer sentiment figures are due out later today. We don’t expect the numbers to impact the crypto market. However, FOMC member chatter will draw interest. FOMC member Bullard is due to speak ahead of the US open. Crypto Market Cap Bounces Back on Pickup in Risk Appetite On Thursday, the total market cap rose by $48 billion. Reversing Wednesday’s $33 billion loss, the market cap returned to $900 billion levels. Total Market Cap 240622 Daily Chart The upside came despite investor fears of a US recession, driven by inflation and the prospects of a 3.8% Federal Funds Rate by 2023. On the second day of testimony, Fed Chair Powell provided no surprises to shift sentiment from Wednesday, where the Fed Chair talked of cutting inflation at any cost. The Thursday rally reversed losses for the current week. Holding onto gains could see the total market cap see a weekly rise for just the second time since early April. However, it is still grim reading for June, with the total market cap down by $384 billion. Story continues The bullish sentiment was evident across the crypto market top ten. SOL and ETH led the way, rallying by 11.79% and 9.06%, respectively, with BNB (+6.87%) and BTC (+5.73%) finding strong support. ADA (+4.36%), DOGE (+3.65%), and XRP (+4.10%) trailed the front runners. From the CoinMarketCap top 100, Polygon ( MATIC ) extended its winning streak to five sessions, rallying by 23.69% on news of the launch of Polygon ID. However, the biggest mover on the day was Storj ( STORJ ), which surged by 54.10%. Stablecoins Hold Steady Despite USDD Peg Issues On the stablecoin front, USDD inched higher to ease fears of another stablecoin collapse. USDD 7-Day Chart 240622 According to TRON DAO Reserve, the collateral ratio stood at 326.3%. USDD Collateral Ratio 240622 Looking at the leading stablecoins, Binance USD ( BUSD ) and USD Coin ( USDC ) remained the only coins with the dollar peg firmly in place. Total Crypto Liquidations Eased Further Back Powell’s Testimony The downward trend in total crypto liquidations extended into this morning. 24-hour liquidations fell from a Thursday $165.11 million to $125.79 million, reflecting improving market conditions. Last week, total liquidations had hit $1 billion levels. However, one-hour liquidations suggested a possible bearish start to Friday. According to Coinglass , one-hour liquidations stood at $9.18 million. Total Crypto Liquidations 240622 Daily News Highlights Cristiano Ronaldo and Binance formed a partnership to launch an exclusive NFT collection. Ontario Watchdog ousted KuCoin and fined Bybit . Qatar central bank progressed on a Central Bank Digital Currency (CBDC). On Wednesday, Voyager Digital (VOYG) shares tumbled 52.5% on news of a possible Three Arrows Capital loan default. Binance targeted US customers by offering fee-free bitcoin trading. This article was originally posted on FX Empire More From FXEMPIRE: German economy minister warns of industry shutdown amid gas shortage -Spiegel Another election puts Israel’s efforts to reduce cost of living on back burner Malaysia’s May CPI up 2.8% y/y, higher than forecast Exclusive: Japan emphasised hybrids in policy document after lawmaker cited lobbying from Toyota head SoftBank’s Son says Nasdaq listing most likely for chip designer Arm UK Conservatives lose two by-elections, dealing blow to PM Johnson', '• It was a bullish session for the crypto market on Thursday, with Solana (SOL) and Ethereum (ETH) leading the top 10 rebound.\n• From elsewhere, Polygon (MATIC) was among the broader market front runners, with investors moving on from Fed Chair Powell, inflation, and fears of a recession.\n• Reversing a $33 billion slide on Wednesday, the total market cap rose by $48 billion to $900 billion.\nIt was a bullish session for thecryptomarket on Thursday. Bitcoin (BTC) and the broader market reversed Wednesday’s losses with interest.\nA pickup in risk appetite delivered support as the markets moved on from Fed Chair Powell’s testimony on Wednesday.\nWhile crude oil took another hit, the US equity markets found support, with the NASDAQ 100 rising by 1.62%.\nThe upside came despite disappointing private sector PMI numbers from the US that showed slower growth across the private sector.\nFollowing a busy few days for the global financial markets, it’s a quieter day ahead on the economic calendar.\nFinalized Michigan consumer sentiment figures are due out later today. We don’t expect the numbers to impact the crypto market. However, FOMC member chatter will draw interest.\nFOMC member Bullard is due to speak ahead of the US open.\nOn Thursday, the total market cap rose by $48 billion. Reversing Wednesday’s $33 billion loss, the market cap returned to $900 billion levels.\nThe upside came despite investor fears of a US recession, driven by inflation and the prospects of a 3.8% Federal Funds Rate by 2023.\nOn the second day of testimony, Fed Chair Powell provided no surprises to shift sentiment from Wednesday, where the Fed Chair talked of cutting inflation at any cost.\nThe Thursday rally reversed losses for the current week. Holding onto gains could see the total market cap see a weekly rise for just the second time since early April.\nHowever, it is still grim reading for June, with the total market cap down by $384 billion.\nThe bullish sentiment was evident across the crypto market top ten.\nSOLandETHled the way, rallying by 11.79% and 9.06%, respectively, withBNB(+6.87%) and BTC (+5.73%) finding strong support.\nADA(+4.36%),DOGE(+3.65%), andXRP(+4.10%) trailed the front runners.\nFrom theCoinMarketCaptop 100, Polygon (MATIC) extended its winning streak to five sessions, rallying by 23.69% onnewsof the launch of Polygon ID.\nHowever, the biggest mover on the day was Storj (STORJ), whichsurgedby 54.10%.\nOn the stablecoin front,USDDinched higher to ease fears of another stablecoin collapse.\nAccording to TRON DAO Reserve, the collateral ratio stood at 326.3%.\nLooking at the leading stablecoins, Binance USD (BUSD) and USD Coin (USDC) remained the only coins with the dollar peg firmly in place.\nThe downward trend in total crypto liquidations extended into this morning.\n24-hour liquidations fell from a Thursday $165.11 million to $125.79 million, reflecting improving market conditions. Last week, total liquidations had hit $1 billion levels.\nHowever, one-hour liquidations suggested a possible bearish start to Friday.\nAccording toCoinglass, one-hour liquidations stood at $9.18 million.\n• Cristiano Ronaldo and Binanceformeda partnership to launch an exclusive NFT collection.\n• Ontario WatchdogoustedKuCoinand finedBybit.\n• Qatar central bankprogressedon a Central Bank Digital Currency (CBDC).\n• On Wednesday, Voyager Digital (VOYG) shares tumbled 52.5% onnewsof a possible Three Arrows Capital loan default.\n• BinancetargetedUS customers by offering fee-free bitcoin trading.\nThisarticlewas originally posted on FX Empire\n• German economy minister warns of industry shutdown amid gas shortage -Spiegel\n• Another election puts Israel’s efforts to reduce cost of living on back burner\n• Malaysia’s May CPI up 2.8% y/y, higher than forecast\n• Exclusive: Japan emphasised hybrids in policy document after lawmaker cited lobbying from Toyota head\n• SoftBank’s Son says Nasdaq listing most likely for chip designer Arm\n• UK Conservatives lose two by-elections, dealing blow to PM Johnson', "Don't miss CoinDesk's Consensus 2022 , the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12. Coinbase Derivatives Exchange, formerly known as FairX, is launching its first crypto derivatives product this month, hoping to attract more retail traders. The futures exchange, which is regulated by the Commodity Futures Trading Commission (CFTC), will launch its derivatives product, Nano Bitcoin futures (BIT), on June 27, according to a statement sent to CoinDesk. “The crypto derivatives market represents $3T in volume worldwide and we believe that additional product development and accessibility will unlock significant growth,” the statement said. Coinbase said it's also awaiting regulatory approval on its own futures commission merchant (FCM) license to offer margined futures contracts for its clients. The launch comes at a highly volatile period in the crypto market, set off by the dramatic collapses of Terra’s LUNA , crypto lender Celsius and crypto fund Three Arrows Capital (3AC). Bitcoin’s price has fallen about 56% this year, while Ethereum’s native token ether is down roughly 70%. Coinbase bought FairX earlier this year to launch crypto derivatives products. FairX launched its futures exchange platform in May 2021 after receiving regulatory approvals in late 2020. Retail participation Futures contracts are smaller in size, require less upfront capital than traditional bitcoin futures products and can be used as a hedge for trading strategies for both in Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-06-24 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $400,918,520,148 - Hash Rate: 189622396.2119996 - Transaction Count: 254348.0 - Unique Addresses: 650157.0 Social & AI Sentiment: - Fear & Greed Index: 0.11 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: VANCOUVER, British Columbia, May 30, 2022 (GLOBE NEWSWIRE) --BIGG Digital Assets Inc. ("BIGG" or the "Company")(CSE: BIGG; OTCQX: BBKCF; WKN: A2PS9W), owner of Netcoins (Netcoins.ca) (“Netcoins”), the online cryptocurrency brokerage that makes it easy for Canadians to buy, sell, and understand cryptocurrency, and Blockchain Intelligence Group (blockchaingroup.io) (“BIG”), a leading developer of blockchain technology search, risk-scoring and data analytics solutions, is pleased to report Q1 2022 financial results. All figures are in Canadian Dollars (CAD) unless otherwise stated. Q1 2022 Highlights: • Gross operating revenue of $2.5M, with $1.97M for Netcoins (down 41% YoY) and $0.53M for Blockchain Intelligence Group (up 76% YoY) • Netcoins Q1 revenue of $1.97M is down 29% Quarter-over-Quarter (QoQ), versus 37.7% industry average decline1, outperforming the broader marketCustomer accounts grew 24% in Q1 (QoQ) to 148k, and Quarterly Active Users grew 24% YoYCustomer fiat deposits exceeded $74M in the quarter.Gross trading margins exceeded 1.4% in Q1 • BIG’s Q1 revenue representing 76% growth versus Q1 2020, with gross margins of 81% • TerraZero generated $0.27M revenue in Q1 2022, with BIGG’s proportionate earnings equivalent to $0.08M • As of March 31, 2022, BIGG’s cash and crypto holdings were ~$51.1 million • The Company has no debt Further Highlights: • BIGG currently owns 575 Bitcoin, valued at approximately $22M • Netcoins currently has customer Assets Under Custody of approximately $58M • Netcoins registered users now exceeds 162,000 • Blockchain Intelligence Group’s compliance suite (QLUE and BitRank) now supports 11 blockchains, including 372,000+ ERC-20 based tokens, and has risk scored 3.5+ billion addresses across these chains Selected financial and operating information should be read in conjunction with BIGG's audited consolidated financial statements and related Management's Discussion and Analysis for the three months ended March 31, 2022, available atwww.sedar.com. All financial information in this press release is prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board. BIGG CEO, Mark Binns, commented: “Q1 2022 showed continued growth in revenue and expansion for Blockchain Intelligence Group, setting a new quarterly revenue high exceeding $500k for the first time, highlighting that our ongoing marketing program is working well. Netcoins, despite a pullback in trading volumes and revenue, exceeded industry norms for the quarter, and we believe we gained market share in Canada. Coinbase, for comparative purposes, saw a 58%2decline in retail trading volume in Q1 vs Q4. Our customer base grew by 24% in Q1, and as volume and volatility returns to the market, we are very well positioned to take advantage. In Q1, Netcoins also expanded coin offerings on the platform to 16 and subsequently added 15 more coins in Q2 bringing our total to 31. For the majority of Q1, Netcoins was only offering 11 coins while awaiting regulatory updates. With 31 coins now offered, and a larger customer base, Netcoins continues to develop and mature as a business. In 2022, Blockchain Intelligence Group has already expanded coverage to 11 blockchains including 372k+ ERC-20 tokens, with further blockchain expansion planned. In Q1, BIGG also invested in TerraZero acquiring a ~30% ownership position, and TerraZero began generating revenue and serving brands such as Miller Lite. We expect TerraZero to continue to purchase, lease, mortgage and rent Metaverse property and service a quickly growing international brand base with virtual buildings, wearables and experiences. Finally, despite a depressed crypto market thus far in 2022, BIGG continues to develop its primary businesses and invest in new emerging businesses and opportunities. We look forward to sharing further updates on our progress in the near future.” 1Coingecko Q1 2022 Cryptocurrency Report2Coinbase Q1 ‘22 Shareholder Letter On behalf of the BoardMark [email protected] Investor RelationsVictoria [email protected]: 1.480.625.5772 About BIGG Digital Assets Inc.BIGG Digital Assets Inc. (BIGG) believes the future of crypto is a safe, compliant, and regulated environment. BIGG invests in products and companies to support this vision. BIGG has three portfolio companies: Netcoins (netcoins.ca), Blockchain Intelligence Group (blockchaingroup.io) and TerraZero (terrazero.com). Blockchain Intelligence Groupbuilds technology to power compliance and intelligence for the crypto future. Banks and crypto companies depend on our technology to monitor risk from crypto transactions. Investigators and law enforcement quickly identify and track illicit activity. Blockchain Intelligence Group is trusted globally by banks, crypto companies, law enforcement, fintechs, regtechs and governments. Netcoinsdevelops brokerage and exchange software to make the purchase and sale of cryptocurrency easily accessible to the mass consumer and investor with a focus on compliance and safety. Netcoins utilizes BitRank Verified®software at the heart of its platform and facilitates crypto trading via a self-serve crypto brokerage portal at Netcoins.app. TerraZerois a vertically integrated Metaverse development group and leading Web 3.0 technology company specializing in the Metaverse space. The Company’s Metaverse agnostic vision is to develop, acquire, and finance the Metaverse’s most promising companies, entrepreneurs, and developers. TerraZero also owns digital real estate and provides offices and services to those interested in the Metaverse. BIGG owns ~30% of TerraZero. For more information and to register to BIGG’s mailing list, please visit our website athttps://www.biggdigitalassets.com. Or visit SEDAR atwww.sedar.com. Forward-Looking Statements: Certain statements in this release are forward-looking statements, which include completion of the search technology software and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific that contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, and other factors, many of which are beyond the control of BIGG. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. Undue reliance should not be placed on the forward-looking information because BIGG can give no assurance that they will prove to be correct. Important factors that could cause actual results to differ materially from BIGG’s expectations include, consumer sentiment towards BIGG’s products and Blockchain technology generally, technology failures, competition, and failure of counterparties to perform their contractual obligations. The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, BIGG disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, BIGG undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above. The CSE does not accept responsibility for the adequacy or accuracy of the content of this Press Release.... - Reddit Posts (Sample): [['u/RiotBlockchain', 'OFFICIAL Pre-Recorded u/Riotblockchain Reddit AMA Thread - July 1st Cutoff- Submit Questions Via Comments', 10, '2022-06-24 00:03', 'https://www.reddit.com/r/RiotBlockchain/comments/vj8emt/official_prerecorded_uriotblockchain_reddit_ama/', "At Riot, our mission is to positively impact the sectors, networks, and communities that we touch. We believe that the combination of an innovative spirit and strong community partnership allows the Company to achieve best-in-class execution and create successful outcomes.\n\nWe have recently adopted a new set of company values to commit to, one of them being transparency. Being a public company, there are many instances where we would love to reply to all of our retail investors. However, due to various legal and practical challenges, replying to every reasonable question that we are asked just hasn't been viable.\n\nStarting now, we would love to bolster our efforts in this regard and start answering more and more questions from the retail community. We value your continued support and want all shareholders to feel confident in their investment.\n\nPlease submit any questions you have for Riot down below before the first of July. They can be about anything relevant! The proxy vote, our direction, and general questions about our business or bitcoin mining.\n\nOur target date for an initial response is currently July 8th! We need time to allow several members of our team to provide input on our responses.\n\nWe intend to post a video response, potentially several depending on the number of questions posed, featuring Jason Les, CEO of Riot Blockchain. If scheduling conflicts occur, a text document answering selected questions will be posted instead.\n\nAs with any AMA, Riot reserves the right to select from the pool of questions. Keep them reasonable and please remain cordial!\n\nWe are excited to become a more active part of the retail Reddit community and hope to hear from everyone!\n\nhttps://preview.redd.it/6k3un6ve1g791.jpg?width=4080&format=pjpg&auto=webp&s=e06521d8a465689516004ea55afa47d1cf706485", 'https://www.reddit.com/r/RiotBlockchain/comments/vj8emt/official_prerecorded_uriotblockchain_reddit_ama/', 'vj8emt', [['u/lugenfabrik', 14, '2022-06-24 01:21', 'https://www.reddit.com/r/RiotBlockchain/comments/vj8emt/official_prerecorded_uriotblockchain_reddit_ama/idhs1po/', 'Is RIOT committed to remaining solvent through a multi-year Bitcoin bear market? I am a RIOT shareholder sitting on a large financial (paper) loss—I don’t know what the future holds for RIOT and I am concerned.', 'vj8emt'], ['u/[deleted]', 18, '2022-06-24 03:12', 'https://www.reddit.com/r/RiotBlockchain/comments/vj8emt/official_prerecorded_uriotblockchain_reddit_ama/idi5z64/', 'Why do we keep diluting shares?\n\nWhat is your bitcoin price target for 2024?\n\nWhy the high payout to upper management, we appear to have cash problems?', 'vj8emt'], ['u/sir-fur', 15, '2022-06-24 05:19', 'https://www.reddit.com/r/RiotBlockchain/comments/vj8emt/official_prerecorded_uriotblockchain_reddit_ama/idil8am/', 'How can you justify such exorbitant executive compensation and then dilute the shares? It seems like an insult to your shareholders', 'vj8emt'], ['u/daddydeadflesh', 11, '2022-06-24 06:09', 'https://www.reddit.com/r/RiotBlockchain/comments/vj8emt/official_prerecorded_uriotblockchain_reddit_ama/idiqido/', 'Will you continue to devalue investors while rewarding upper management?', 'vj8emt']]], ['u/enter-art_nft', 'how were btc sold in the beginning?', 18, '2022-06-24 00:24', 'https://www.reddit.com/r/Bitcoin/comments/vj8v47/how_were_btc_sold_in_the_beginning/', 'how were btc sold in the beginning? Was it only p2p or was there a CEX at ita stat?', 'https://www.reddit.com/r/Bitcoin/comments/vj8v47/how_were_btc_sold_in_the_beginning/', 'vj8v47', [['u/SmoothGoing', 16, '2022-06-24 00:27', 'https://www.reddit.com/r/Bitcoin/comments/vj8v47/how_were_btc_sold_in_the_beginning/idhl0lv/', 'mt gox pivoted its playing cards website into btc trading website. A few other exchanges came around too. Had to mail money orders to be deposited in your exchange account. There were some btc faucets giving it away for free.', 'vj8v47'], ['u/SomeBrokeChump', 12, '2022-06-24 01:34', 'https://www.reddit.com/r/Bitcoin/comments/vj8v47/how_were_btc_sold_in_the_beginning/idhtmxd/', 'You could just mine bitcoin using a normal computer during the first few years. There was a website called New Liberty Standard that started selling bitcoins in 2009, the same year that Bitcoin was launched. New Liberty Standard started off selling about 1500 BTC for a dollar and you paid with PayPal. MtGox.com bitcoin exchange started operating in July of 2010. It was a fairly convoluted process to get your money on MtGox. You could buy bitcoins from bitcoin sellers on #bitcoin-otc on freenode IRC. #bitcoin-otc on freenode IRC was started in October 2010. You could buy bitcoins from users on the Bitcointalk forum. Bitstamp.net and several other Bitcoin exchanges started operating in 2011. Some of these exchanges were very easy to use and you could just go to a bank and anonymously deposit cash. Coinbase.com and the peer to peer bitcoin exchange LocalBitcoins.com both started operating in 2012.', 'vj8v47'], ['u/HH0115', 31, '2022-06-24 01:41', 'https://www.reddit.com/r/Bitcoin/comments/vj8v47/how_were_btc_sold_in_the_beginning/idhuik8/', 'They literally gave it away. You clicked a button on a website and got a bunch of Bitcoin.', 'vj8v47']]], ['u/kap89', 'Total mass of the observable universe in relation to 21 Million Bitcoin', 13, '2022-06-24 00:25', 'https://www.reddit.com/r/Buttcoin/comments/vj8vk4/total_mass_of_the_observable_universe_in_relation/', "I was thinking about a good measure to compare how rare it actually would be to e.g. owning one Bitcoin.\n\nThe total mass of the observable universe is about 1.5×10^(53) kg. This number divided by 21.000.000 results in round about 7×10^(45) kg. So you could say that owning a Bitcoin is about as rare as owning a piece of the universe with the mass of 7×10^(45) kg.\n\nMilky Way galaxy equates to about 0.00028 Bitcoin (about $5.83 at today's price).\n\nThink about it.\n\n\n---\n\nInspired by [this post](https://www.reddit.com/r/Bitcoin/comments/viwkj6/total_landmass_of_the_world_in_relation_to_21/).", 'https://www.reddit.com/r/Buttcoin/comments/vj8vk4/total_mass_of_the_observable_universe_in_relation/', 'vj8vk4', [['u/Abandondero', 10, '2022-06-24 00:43', 'https://www.reddit.com/r/Buttcoin/comments/vj8vk4/total_mass_of_the_observable_universe_in_relation/idhn480/', "Okay. I'm thinking about it. Now what?", 'vj8vk4']]], ['u/Additional-Apple-492', 'Get your money out of all “yields” and Stablecoins immediately', 667, '2022-06-24 01:13', 'https://www.reddit.com/r/CryptoCurrency/comments/vj9vhd/get_your_money_out_of_all_yields_and_stablecoins/', 'Your money your choice. But all these “20% APY” yield services are slowly stopping withdrawals. Most companies will become insolvent. \n\nIf anyone listened to Powell speak, he hinted towards a US Stable coin in 2023. Most likely will bring regulation to all other stable coins and crack down on them. I’m pretty sure everyone here knows Tether isn’t fully backed and it’s a matter of time before the house of cards falls. \n\nThis isn’t fud, just trying to help some people out there. No need to sell your BTC, ETH or any other projects you believe in. But be very cautious with yields and stable coins. Ideally it’s best to hold your own coins in cold storage. Keep stacking', 'https://www.reddit.com/r/CryptoCurrency/comments/vj9vhd/get_your_money_out_of_all_yields_and_stablecoins/', 'vj9vhd', [['u/GiantBeanStock', 15, '2022-06-24 01:20', 'https://www.reddit.com/r/CryptoCurrency/comments/vj9vhd/get_your_money_out_of_all_yields_and_stablecoins/idhrt99/', 'Better get my brown umbrella', 'vj9vhd'], ['u/thegooddocgonzo', 30, '2022-06-24 01:22', 'https://www.reddit.com/r/CryptoCurrency/comments/vj9vhd/get_your_money_out_of_all_yields_and_stablecoins/idhs4jb/', '>This isn’t FUD\n\nIt is though', 'vj9vhd'], ['u/Complex_Sherbet2', 70, '2022-06-24 01:23', 'https://www.reddit.com/r/CryptoCurrency/comments/vj9vhd/get_your_money_out_of_all_yields_and_stablecoins/idhs9ln/', 'File this under: /r/noshit', 'vj9vhd'], ['u/ptjunkie', 55, '2022-06-24 01:27', 'https://www.reddit.com/r/CryptoCurrency/comments/vj9vhd/get_your_money_out_of_all_yields_and_stablecoins/idhsqx6/', 'Sir, I’m here for the inflation tokens. Farm on.', 'vj9vhd'], ['u/Commercial_Count_584', 32, '2022-06-24 01:29', 'https://www.reddit.com/r/CryptoCurrency/comments/vj9vhd/get_your_money_out_of_all_yields_and_stablecoins/idht2js/', 'Mine was out when cdc cut all their rates. Moved it back into paxg due to the inflation.', 'vj9vhd'], ['u/Yegpetphoto', 898, '2022-06-24 01:32', 'https://www.reddit.com/r/CryptoCurrency/comments/vj9vhd/get_your_money_out_of_all_yields_and_stablecoins/idhtdgi/', "I'm here for two reasons: to invest in risky volatile commodities and to chew bubblegum; and I sold my teeth a long time ago.", 'vj9vhd'], ['u/mr-lazy_eye', 21, '2022-06-24 02:07', 'https://www.reddit.com/r/CryptoCurrency/comments/vj9vhd/get_your_money_out_of_all_yields_and_stablecoins/idhxqe5/', 'Is this the crypto equivalent to "hide yo kids, hide yo wife"?', 'vj9vhd'], ['u/Ateam043', 36, '2022-06-24 02:31', 'https://www.reddit.com/r/CryptoCurrency/comments/vj9vhd/get_your_money_out_of_all_yields_and_stablecoins/idi0uqq/', 'Yet, you would be surprised how many people don’t get that memo.', 'vj9vhd'], ['u/MoneyCraby', 14, '2022-06-24 02:51', 'https://www.reddit.com/r/CryptoCurrency/comments/vj9vhd/get_your_money_out_of_all_yields_and_stablecoins/idi3963/', 'Teeth for risky volatile commodities? \n\nCount me in.', 'vj9vhd'], ['u/jesuzombieapocalypse', 19, '2022-06-24 02:54', 'https://www.reddit.com/r/CryptoCurrency/comments/vj9vhd/get_your_money_out_of_all_yields_and_stablecoins/idi3pw9/', ... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Key Insights: XRP rallied by 9.5% on Friday, with support coming from a broad-based crypto rally. However, adding to the upside was investor sentiment towards the outcome of the SEC v Ripple case, with investors betting on a settlement. Technical indicators are bullish, with XRP sitting above the 100-day EMA. On Friday, XRP rallied by 9.5% to lead the crypto top ten. Following a 4.1% gain on Thursday, XRP ended the day at $03669. A bullish morning saw XRP surge from an early low of $0.3351 to a late morning high of $0.3868. XRP broke through the day\x92s Major Resistance Levels before a pullback to end the day at $0.37. While falling back to sub-$0.37, XRP avoided a fall through the Third Major Resistance Level at $0.3614. Despite a second consecutive day in the green, XRP remains under pressure as investors await the court ruling in the SEC v Ripple case. Court Ruling on Hinman Speech-Related Documents Pivotal to XRP The SEC, Ripple, and Investors are currently awaiting a court ruling that could have a material impact on XRP and the broader-crypto market. In 2018, the former SEC Director of the Division of Corporation Finance said that Bitcoin ( BTC ) and Ethereum ( ETH ) are not securities. Hinman has become the focal point of the case as both sides navigate the question of whether XRP is a security. This year, the SEC has focused primarily on ensuring that the defense and the public don\x92t see the content of Hinman\x92s speech-related documents. The SEC continues to claim that these documents fall under the attorney-client privilege. With the courts entertaining the SEC filings, allowing the SEC to file at least six motions to protect the documents under the attorney-client privilege, the ruling could go either way. Some may argue that Judge Sarah Netburn has given the SEC some wriggle room to eliminate the chance of more motions or even an appeal. As a ruling nears, XRP has found support, rising from a June 18 current year low of $0.2868. Ultimately, XRP should make its way to December 2020 levels, the month the SEC filed its case against Ripple. Story continues For XRP holders, a favorable outcome would then support a run at the April 2021 high of $1.965. The upside potential could be significant, which may draw sidelined investors back into the market. XRP Price Action At the time of writing, XRP was down 0.41% to $0.3654. XRPUSD 250622 Daily Chart Technical Indicators Avoiding a fall through the $0.3629 pivot would bring the Friday high of $0.3868 and the First Major Resistance Level at $0.3908 into play. XRP would need the broader crypto market to support a breakout from $0.3850. In the case of an extended crypto rally, XRP could test resistance at $0.40 and the Second Major Resistance Level at $0.4146. A breakout remains hinged on investor sentiment toward the court ruling. The Third Major Resistance Level sits at $0.4663. A fall through the pivot would bring the First Major Support Level at $0.3391 into play. Barring an extended sell-off , XRP should avoid sub-$0.33. The Second Major Support Level sits at $0.3112. XRPUSD 250622 Hourly Chart The EMAs and the 4-hourly candlestick chart (below) send a bullish signal. At the time of writing, XRP sat above the 100-day EMA, currently at $0.3440. Today, the 50-day EMA closed in on the 100-day EMA. The 100-day EMA narrowed to the 200-day EMA, price Positive. A bullish cross of the 50-day EMA through the 100-day EMA would support a breakout from the 200-day EMA. From there, the bulls would target $0.40. XRPUSD 250622 4-Hourly Chart This article was originally posted on FX Empire More From FXEMPIRE: U.S., Japan, Australia, New Zealand and United Kingdom form Pacific group U.S. House passes gun-safety legislation as court expands gun rights Take Five: Goodbye turbulent H1 Fed\x92s Daly: 75 bps rate hike likely needed in July Iran\x92s southern Gulf waters hit by 5.6 magnitude earthquake Polish, Ukrainian LGBT+ parades unite in Warsaw', '• XRP rallied by 9.5% on Friday, with support coming from a broad-based crypto rally.\n• However, adding to the upside was investor sentiment towards the outcome of the SEC v Ripple case, with investors betting on a settlement.\n• Technical indicators are bullish, with XRP sitting above the 100-day EMA.\nOn Friday,XRPrallied by 9.5% to lead the crypto top ten. Following a 4.1% gain on Thursday, XRP ended the day at $03669.\nA bullish morning saw XRP surge from an early low of $0.3351 to a late morning high of $0.3868.\nXRP broke through the day’s Major Resistance Levels before a pullback to end the day at $0.37.\nWhile falling back to sub-$0.37, XRP avoided a fall through the Third Major Resistance Level at $0.3614.\nDespite a second consecutive day in the green, XRP remains under pressure as investors await the court ruling in theSEC v Ripplecase.\nThe SEC, Ripple, and Investors are currently awaiting a courtrulingthat could have a material impact on XRP and the broader-crypto market.\nIn 2018, the former SEC Director of the Division of Corporation Finance said that Bitcoin (BTC) and Ethereum (ETH) are not securities.\nHinman has become the focal point of the case as both sides navigate the question of whether XRP is a security.\nThis year, the SEC has focused primarily on ensuring that the defense and the public don’t see the content of Hinman’s speech-related documents. The SEC continues to claim that these documents fall under the attorney-client privilege.\nWith the courts entertaining the SEC filings, allowing the SEC to file at least sixmotionsto protect the documents under the attorney-client privilege, the ruling could go either way. Some may argue that Judge Sarah Netburn has given the SEC some wriggle room to eliminate the chance of more motions or even an appeal.\nAs a ruling nears, XRP has found support, rising from a June 18 current year low of $0.2868. Ultimately, XRP should make its way to December 2020 levels, the month the SEC filed its case against Ripple.\nFor XRP holders, a favorable outcome would then support a run at the April 2021 high of $1.965.\nThe upside potential could be significant, which may draw sidelined investors back into the market.\nAt the time of writing, XRP was down 0.41% to $0.3654.\nAvoiding a fall through the $0.3629pivotwould bring the Friday high of $0.3868 and the First Major Resistance Level at $0.3908 into play.\nXRP would need the broader crypto market to support a breakout from $0.3850.\nIn the case of an extended crypto rally, XRP could test resistance at $0.40 and the Second Major Resistance Level at $0.4146. A breakout remains hinged on investor sentiment toward the court ruling. The Third Major Resistance Level sits at $0.4663.\nA fall through the pivot would bring the First Major Support Level at $0.3391 into play. Barring an extended sell-off , XRP should avoid sub-$0.33. The Second Major Support Level sits at $0.3112.\nTheEMAsand the 4-hourly candlestick chart (below) send a bullish signal. At the time of writing, XRP sat above the 100-day EMA, currently at $0.3440. Today, the 50-day EMA closed in on the 100-day EMA. The 100-day EMA narrowed to the 200-day EMA, price Positive.\nA bullish cross of the 50-day EMA through the 100-day EMA would support a breakout from the 200-day EMA. From there, the bulls would target $0.40.\nThisarticlewas originally posted on FX Empire\n• U.S., Japan, Australia, New Zealand and United Kingdom form Pacific group\n• U.S. House passes gun-safety legislation as court expands gun rights\n• Take Five: Goodbye turbulent H1\n• Fed’s Daly: 75 bps rate hike likely needed in July\n• Iran’s southern Gulf waters hit by 5.6 magnitude earthquake\n• Polish, Ukrainian LGBT+ parades unite in Warsaw', 'Key Insights: Gary Gensler, the SEC Chair, was back in the news as the battle to oversee the digital asset market intensified. In recent months, lawmakers have not only questioned SEC tactics but also sided with the CFTC to regulate the space. On Friday, Gensler talked to the FT about his plans to work with the CFTC to ensure both agencies deliver the regulatory oversight to protect investors. Earlier this month, we discussed a likely battle between the US Securities and Exchange Commission (SEC) and the Commodities Futures Trading Commission (CFTC). The US agencies are vying for the responsibility to regulate the digital asset market, which is currently in its nascency compared with other asset classes. Winning approval to regulate the digital asset market would be a feather in the cap for either agency. While currently worth less than $1 trillion, the evolution of Web3 and recovery from the crypto winter could eventually see the digital asset space sit alongside the US equities and commodities markets. Lawmakers would also have to give the SEC or the CFTC the necessary budget to deliver the regulatory framework and oversight capabilities. Until now, SEC Gary Gensler has taken a tough stance on the crypto market. Some lawmakers even contacted the SEC chair, questioning his tactics and how the SEC approach could stifle innovation. Consequently, the CFTC has the upper hand in receiving the authority to regulate the digital asset market. SEC’s Gensler Talks About Working with the CFTC to Regulate Cryptos On Friday, SEC Chair Gary Gensler spoke to the FT about digital assets and regulatory oversight. According to the FT, Gensler aims to form an alliance with other financial agencies to ensure that crypto platforms don’t fall through the regulatory cracks. Gensler is reportedly talking with the CFTC about an agreement to ensure that crypto trading has the appropriate safeguards and transparency. The latest Gary Gansler move follows the introduction of the Lummis and Gillibrand bill that looks to give the CFTC sweeping powers to oversee the digital asset space. Story continues The successful passage of the bipartisan bill would materially reduce the SEC’s powers over the digital asset space. Gensler said, “I’m talking about one rule book on the exchange that p Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-06-25 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $401,894,500,656 - Hash Rate: 221961099.44195303 - Transaction Count: 218017.0 - Unique Addresses: 557791.0 Social & AI Sentiment: - Fear & Greed Index: 0.14 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Even in the Philippines, where POGOs cater to offshore clientele, and there has been a pushback against the growth of the online gambling market, the growth has still been very strong. The gambling industry in the Philippines, though still illegal, welcomes foreign players, and Ara Bernier has been actively pushing for more Filipinos to play casino games online and win big at casino Philippines online ! In this article, she looks at what benefits the growth of the online casino industry has brought. To read more from Ara, click here! Better Bonuses than Ever When it comes to the online casino industry, the “everyone loves a freebie” concept resonates well. Bonuses and promotions have been expertly used by all the leading operators to attract new consumers and keep current ones. There aren’t many casinos out there that won’t give you free slots or match your first deposit to get you to open an account. Players that frequently return to a site might earn additional benefits such as cashback and VIP status. Huge Choice of Games Because internet casinos can provide such a wide variety of games, they’ve become increasingly popular in recent years. Popular casino software providers like Microgaming, Playtech, International Game Technology, and Scientific Games, among others, are often adding new titles to their libraries. Because of their ties to the gaming industry, internet casinos can always count on high-quality games. New casino games are released almost every day, which contributes to the industry’s dynamism. Increased Payment Options When online casinos originally began, players only had a few options for depositing money into their accounts. Over the past decade, credit/debit cards have been the primary mode of payment for both operators and players. As a result of e-Wallets, it has become easier for customers to play online casino games. Cryptocurrencies like Bitcoin and Litecoin are becoming increasingly popular in the online gambling industry. To make it even easier for online casinos to process payments, open banking techniques such as Trustly may be the next big thing. Story continues Mobile Gaming Options Unquestionably, the rapid improvements in mobile technology over the last few years have played a key role in the rise of online casinos. While it used to be necessary to use a desktop or laptop computer to play online casino games, the arrival of smartphones changed everything. People are now using their smartphones for an average of four hours a day, indicating a rapid rise in mobile usage. Online casino companies have seen a large increase in revenue thanks to their mobile-optimized platforms. Old Is New Again The majority of gamblers appear to be in their forties and fifties, with the most common age group being 44 to 64. However, the average age is gradually decreasing; demographics suggest that players between the ages of 25 and 34 are increasing in number; therefore, there is a significant shift in terms of interest. There is a definite surge in interest, notably in the number of players who confirm that they gamble each month. There are only a small number of people in this age group, yet they nevertheless make up over 20% of all online gamblers. What Does the Future Hold? It’s easy to see how developments in the online casino sector have profited from new games, improved payment options, and increased mobile capabilities. Virtual reality (VR) is one of the new technologies projected to make a mark on the business over the next few years; thus, this trend is unlikely to slow down. An extremely intriguing feature for online casinos is the potential to virtually transport players into real-life settings. This might lead to more development and increased growth. While VR hasn’t exactly delivered on its initial promises, the most recent hardware appears capable of enhancing the already-exciting online casino experience. Conclusion It’s not surprising that individuals are going online to bet and play slots considering that so much of the industry is already firmly established on the internet. It’s much more convenient to just pull out your phone or tablet, take a spin, and see what all the hype is about.... - Reddit Posts (Sample): [['u/GSPandas', 'If Celsius goes Bankrupt, what’s your plan B?', 17, '2022-06-25 00:46', 'https://www.reddit.com/r/CelsiusNetwork/comments/vk0k7s/if_celsius_goes_bankrupt_whats_your_plan_b/', 'With the recent news release by Coindesk and WSJ, the rumour is that Celsius might file for bankruptcy. I have funds in Celsius. You may call articles speciation, FUD, etc but I don’t want to be in complete denial of what’s happening either. I had remained optimistic all throughout until…this.\n\nAnyhow what is your plan B? Do you have one? Here’s mine though.\n\nPlan B: Planning to slowly buyback my portfolio out of pocket.\n\nReasoning: My funds in Celsius are not in stable coins. The biggest lost for me is not the dollar figure I see today, but the dollar figure of what it might be worth in 2030. Nothing will be more depressing than seeing BTC reach another ATH by 2030 and knowing how much I could have had if it wasn’t for Celsius’s bankruptcy. Buying out of pocket will set me back by months but it’s hard work I’m willing to put into my beliefs.\n\nDon’t get me wrong, as with any investment, crypto can also go to zero. But I am a strong believer of blockchain technology and BTC and this is what got me invested in the first place. My view and core fundamentals have not changed.\n\nI still count myself lucky enough to get able to buyback my portfolio as current prices are still relatively cheap. The con with this plan is that for those who holds large bags in stablecoins, this plan might be hard to execute as those don’t obviously fluctuate with market price.', 'https://www.reddit.com/r/CelsiusNetwork/comments/vk0k7s/if_celsius_goes_bankrupt_whats_your_plan_b/', 'vk0k7s', [['u/DiscGolfShopping', 11, '2022-06-25 00:48', 'https://www.reddit.com/r/CelsiusNetwork/comments/vk0k7s/if_celsius_goes_bankrupt_whats_your_plan_b/idmcabi/', 'Contact a lawyer to see if he thinks i stand a chance in getting any of my stablecoins back.', 'vk0k7s'], ['u/iamvsus', 14, '2022-06-25 00:53', 'https://www.reddit.com/r/CelsiusNetwork/comments/vk0k7s/if_celsius_goes_bankrupt_whats_your_plan_b/idmd0vs/', 'i left mostly USDC on celsius and very little BTC and ETH.\n\nif celsius does end up going bankrupt, im assuming crypto prices will fall even more and since i cant rebuy the USDC i will rebuy the same amount of BTC and ETH i have on there.\n\nand also see if i can join any class action lawsuits, idk.', 'vk0k7s'], ['u/Lingweenie2', 11, '2022-06-25 00:54', 'https://www.reddit.com/r/CelsiusNetwork/comments/vk0k7s/if_celsius_goes_bankrupt_whats_your_plan_b/idmd5ye/', 'I called a lawyer. Apparently one in which deals with cryptocurrency in my area. I gave him the run down of the situation. It turned out to be a complete waste of time. He seemed to basically say there’s literally nothing he could do, didn’t know anything about the situation, and quite frankly didn’t even seem to care. \n\nEither that option is basically useless (and will be costly even if you proceed) or he was just ignorant and maybe even incompetent.', 'vk0k7s'], ['u/Cheyemos', 13, '2022-06-25 01:33', 'https://www.reddit.com/r/CelsiusNetwork/comments/vk0k7s/if_celsius_goes_bankrupt_whats_your_plan_b/idmi8jp/', 'Had 6 figures in PaxGold- had a chance to take it off, thought “nah, it’ll be fine…” \n\nI really have been contemplating dark thoughts, ngl… I can’t believe I’m in this situation right now.', 'vk0k7s'], ['u/AurtherM', 19, '2022-06-25 02:10', 'https://www.reddit.com/r/CelsiusNetwork/comments/vk0k7s/if_celsius_goes_bankrupt_whats_your_plan_b/idmmul7/', 'bro i put half of my entire saving on celsius after CDC cut their interest rates. ima get a higher paying full time job and then a second job. I worked too fucking hard for that fucking money. IDGAF ima earn all that money back again. I won’t let this loss keep me down. Makes me sad as hell. I had anxiety at first but then just accepted it. I’m still young and i have time.', 'vk0k7s'], ['u/TheBloodEagleX', 16, '2022-06-25 03:55', 'https://www.reddit.com/r/CelsiusNetwork/comments/vk0k7s/if_celsius_goes_bankrupt_whats_your_plan_b/idmzs1b/', "I have low income. I will never be able to buy back the Bitcoin I had. I'm done with Crypto after this. It was everything I had to get me out of my hole but all it did was now put me in a bigger one.", 'vk0k7s']]], ['u/rcnet96', 'Goldman Sachs, really Mashinsky?', 128, '2022-06-25 01:50', 'https://www.reddit.com/r/CelsiusNetwork/comments/vk1u3v/goldman_sachs_really_mashinsky/', "I don't get it. That's all Mashinsky can do? Run with your tail tucked between your legs to GS? There are no better options than those vultures? Why can't they wait it out a month, see if the crypto price improves?\n\nMashinsky, speak for yourself. NOW! You're supposed to be an industry leader. This guy is worse than all the Satoshi wannabes.\n\n If Celsius goes down and we lose our money, then CeFi/Defi is dead, forever. BlockFi, Nexo, Voyager all dead to me. Crypto will suffer immensely. I got one, but not everyone can/wants to hold crypto in a self hosted wallet. And I don't care if they offer private insurance, that can go down too. \n\nI can't believe they buckled so hard because Bitcoin went down below $20K. What happened to over-collaterized loans? Yada yada. This whole industry needs to die if it can't handle a 70% drop.\n\nMashinsky deserves every rotten thing coming his way if he can't get all our funds back.", 'https://www.reddit.com/r/CelsiusNetwork/comments/vk1u3v/goldman_sachs_really_mashinsky/', 'vk1u3v', [['u/thenecrophagist', 37, '2022-06-25 01:53', 'https://www.reddit.com/r/CelsiusNetwork/comments/vk1u3v/goldman_sachs_really_mashinsky/idmkovh/', 'During his AMAs, Mashinsky was keen on shitting on the likes of GS during his "un-bank yourself, fuck wallstreet!" monologues. The irony', 'vk1u3v'], ['u/rtopete', 10, '2022-06-25 01:53', 'https://www.reddit.com/r/CelsiusNetwork/comments/vk1u3v/goldman_sachs_really_mashinsky/idmks6v/', "Lost money. I knew the risk. I'm more mad at myself than these rich folk. It's over. We have to move on.", 'vk1u3v'], ['u/ParticularAtmosphere', 15, '2022-06-25 01:56', 'https://www.reddit.com/r/CelsiusNetwork/comments/vk1u3v/goldman_sachs_really_mashinsky/idml40w/', 'The moment this community learned Alex was a complete liar from day one.', 'vk1u3v'], ['u/wackyomar', 68, '2022-06-25 01:56', 'https://www.reddit.com/r/CelsiusNetwork/comments/vk1u3v/goldman_sachs_really_mashinsky/idml4bg/', "It's not Alex running to GS, it's GS trying to buy discounted assets. Can't blame them for that, we all like a discount. Doesn't mean they will get it", 'vk1u3v'], ['u/Particular-Bonus6165', 33, '2022-06-25 01:57', 'https://www.reddit.com/r/CelsiusNetwork/comments/vk1u3v/goldman_sachs_really_mashinsky/idml6k4/', 'He needs to be punished very hard, he destroyed me and my family and he should be treated the same way', 'vk1u3v'], ['u/Particular-End9015', 13, '2022-06-25 02:00', 'https://www.reddit.com/r/CelsiusNetwork/comments/vk1u3v/goldman_sachs_really_mashinsky/idmljuu/', 'Right? What article did OP read? Not the same one we did clearly. 🤷🏻\u200d♂️', 'vk1u3v'], ['u/Boatsman2017', 13, '2022-06-25 02:02', 'https://www.reddit.com/r/CelsiusNetwork/comments/vk1u3v/goldman_sachs_really_mashinsky/idmlux7/', "I'm mad at myself for recommending Celsius to my friends. I know that we are all adults and understand the risk, but still. Oh well.", 'vk1u3v'], ['u/Mynamethisisnot', 13, '2022-06-25 02:19', 'https://www.reddit.com/r/CelsiusNetwork/comments/vk1u3v/goldman_sachs_really_mashinsky/idmnzdn/', '"Banks are bad" sells to a bank', 'vk1u3v'], ['u/Corkey29', 94, '2022-06-25 02:26', 'https://www.reddit.com/r/CelsiusNetwork/comments/vk1u3v/goldman_sachs_really_mashinsky/idmovze/', 'Fuck Mashinsky, he’s ruined likely millions of life’s with this stunt. Luckily I also have a nice job, but I know for a fact there are many on here who will be in financial ruin because of this bastard', 'vk1u3v'], ['u/BodybuilderSalt9807', 16, '2022-06-25 02:28', 'https://www.reddit.com/r/CelsiusNetwork/comments/vk1u3v/goldman_sachs_really_mashinsky/idmp1ah/', 'Alex even though he is still rich personally will feel the heat from all those that lost their entire life savings because of him. There is no way to escape that either in this lifetime or the next.', 'vk1u3v'], ['u/jml3837', 17, '2022-06-25 02:37', 'https://www.reddit.com/r/CelsiusNetwork/comments/vk1u3v/goldman_sachs_really_mashinsky/idmq7bt/', 'I get your point, but we’ve been told it’s all FUD by the CEO just days before accounts were frozen and not a word from Celsius, so I definitely get the concern.', 'vk1u3v'], ['u/jml3837', 18, '2022-06-25 02:43', 'https://www.reddit.com/r/CelsiusNetwork/comments/vk1u3v/goldman_sachs_really_mashinsky/idmqx3s/', 'My family member, who I turned on to Celsius, lost $5k in stable coins stings me more than the six figures I lost myself.', 'vk1u3v'], ['u/BadAtCommitment', 18, '2022-06-25 02:47', 'https://www.reddit.com/r/CelsiusNetwork/comments/vk1u3v/goldman_sachs_really_mashinsky/idmrebu/', 'Sad part is he won’t be punished. Worst thing he’ll get is a tarnished reputation. He sold millions of CEL tokens before this and will walk away with it all', 'vk1u3v'], ['u/sevaiper', 10, '2022-06-25 02:58', 'https://www.reddit.com/r/CelsiusNetwork/comments/vk1u3v/goldman_sachs_really_mashinsky/idmsrab/', "Goldman is really just the middle man between debt Celsius can't handle and a group of people who have appetite for it at distressed prices, no report suggests they want it on their own balance sheet. They just get their cut for getting everyone together and having the ability to make it all happen quickly.", 'vk1u3v'], ['u/_Cr1ck3t_', 13, '2022-06-25 03:30', 'https://www.reddit.com/r/CelsiusNetwork/comments/vk1u3v/goldman_sachs_really_mashinsky/idmwqds/', 'Starting to feel like that’s me :/', 'vk1u3v'], ['u/RealBonfiggy', 23, '2022-06-25 04:20', 'https://www.reddit.com/r/CelsiusNetwork/comments/vk1u3v/goldman_sachs_really_mashinsky/idn... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['It was a mixed session for the crypto to ten, with bitcoin (BTC) extending its winning streak while Binance Coin (BNB) saw red. There were no major news stories to provide direction on Saturday, allowing momentum from Friday to spill over to the weekend. After adding $24 billion on Friday, the total crypto market cap rose by a modest $11.5 billion. It was a mixed session for the crypto market on Saturday. Bitcoin ( BTC ) logged a second 3-day winning streak of the week, while Binance Coin (BNB) saw red to buck the top ten trend. There was no major news to derail the latest uptrend, with the crypto market needing to make it four in a row to convince investors of a possible shift from the extended bearish sell-off. The week ahead will likely be another choppy one with inflation back in focus. The Total Crypto Market Cap Inches Nearer to $1,000bn Following a $27 billion rise on Friday, the total crypto market cap increased by $11.5 billion on Saturday. A day high of $954 billion saw the market cap near $1,000 billion, last visited on June 13. Total Market Cap 260622 Daily Chart Investors continued to put aside downside risks, including fears of a recession, with momentum from Thursday and Friday continuing into the weekend. For the week, the total market cap is currently up by $58 billion, reducing the June deficit to $354 billion. On Saturday, DOGE led the way, rising by 2.35%, with BTC (+1.15%) and ETH (+1.38%) close behind. However, SOL (+0.76%) and XRP (+0.23%) saw modest gains, with ADA ending the day flat. BNB bucked the trend, falling by 0.21%. From the CoinMarketCap top 100, The Sandbox ( SAND ) led the broader market, rallying by 16.3%. The market speculation of a possible investor buyout of The Sandbox delivered the breakout session on Saturday. This week, tech companies, including Epic Games, Meta, Microsoft, and Sony, partnered to form the Metaverse Standards Forum. Decentraland ( MANA ) also found strong support, gaining 9.0%. Total Crypto Liquidations Eased, Reflective of Saturday’s Moves The recent downward trend in total crypto liquidations resumed on Saturday, reflective of market movements. Story continues Going into Sunday, total liquidations stood at $130 million, down from a Saturday morning of $192 million. 54,137 traders were liquidated over the past 24 hours. One-hour liquidations were also steady. According to Coinglass , one-hour liquidations stood at $5.68 million. Total Crypto Liquidations 260622 Daily News Highlights The Sandbox (SAND) and Decentraland (MANA) enjoyed breakout sessions supported by the formation of the Metaverse Standards Forum. DeFi tokens continued their uptrend as investors began to dip back into the space following the collapse of TerraUSD (UST ) and Terra LUNA . Binance CEO CZ told Yahoo! Finance that the company is looking at 50 to 100 deals. News hit the crypto wires of FTX planning to buy a stake in BlockFi. The Wall Street Journal reported Goldman Sachs eying a possible acquisition of Celsius. This article was originally posted on FX Empire More From FXEMPIRE: Crypto Market Daily Highlights – June 25 – BTC and ETH Make Ground ISS urges Spirit shareholders to vote for Frontier offer Planned Parenthood of Utah sues to block abortion ban after Supreme Court ruling Indonesia president to visit Ukraine, Russia on peace-building mission G7 to announce ban on import of new Russian gold on Tuesday – U.S. official Sievierodonetsk falls to Russia after one of war’s bloodiest fights', 'It was a mixed session for the crypto to ten, with bitcoin (BTC) extending its winning streak while Binance Coin (BNB) saw red. There were no major news stories to provide direction on Saturday, allowing momentum from Friday to spill over to the weekend. After adding $24 billion on Friday, the total crypto market cap rose by a modest $11.5 billion. It was a mixed session for the crypto market on Saturday. Bitcoin ( BTC ) logged a second 3-day winning streak of the week, while Binance Coin (BNB) saw red to buck the top ten trend. There was no major news to derail the latest uptrend, with the crypto market needing to make it four in a row to convince investors of a possible shift from the extended bearish sell-off. The week ahead will likely be another choppy one with inflation back in focus. The Total Crypto Market Cap Inches Nearer to $1,000bn Following a $27 billion rise on Friday, the total crypto market cap increased by $11.5 billion on Saturday. A day high of $954 billion saw the market cap near $1,000 billion, last visited on June 13. Total Market Cap 260622 Daily Chart Investors continued to put aside downside risks, including fears of a recession, with momentum from Thursday and Friday continuing into the weekend. For the week, the total market cap is currently up by $58 billion, reducing the June deficit to $354 billion. On Saturday, DOGE led the way, rising by 2.35%, with BTC (+1.15%) and ETH (+1.38%) close behind. However, SOL (+0.76%) and XRP (+0.23%) saw modest gains, with ADA ending the day flat. BNB bucked the trend, falling by 0.21%. From the CoinMarketCap top 100, The Sandbox ( SAND ) led the broader market, rallying by 16.3%. The market speculation of a possible investor buyout of The Sandbox delivered the breakout session on Saturday. This week, tech companies, including Epic Games, Meta, Microsoft, and Sony, partnered to form the Metaverse Standards Forum. Decentraland ( MANA ) also found strong support, gaining 9.0%. Total Crypto Liquidations Eased, Reflective of Saturday’s Moves The recent downward trend in total crypto liquidations resumed on Saturday, reflective of market movements. Story continues Going into Sunday, total liquidations stood at $130 million, down from a Saturday morning of $192 million. 54,137 traders were liquidated over the past 24 hours. One-hour liquidations were also steady. According to Coinglass , one-hour liquidations stood at $5.68 million. Total Crypto Liquidations 260622 Daily News Highlights The Sandbox (SAND) and Decentraland (MANA) enjoyed breakout sessions supported by the formation of the Metaverse Standards Forum. DeFi tokens continued their uptrend as investors began to dip back into the space following the collapse of TerraUSD (UST ) and Terra LUNA . Binance CEO CZ told Yahoo! Finance that the company is looking at 50 to 100 deals. News hit the crypto wires of FTX planning to buy a stake in BlockFi. The Wall Street Journal reported Goldman Sachs eying a possible acquisition of Celsius. This article was originally posted on FX Empire More From FXEMPIRE: Crypto Market Daily Highlights – June 25 – BTC and ETH Make Ground ISS urges Spirit shareholders to vote for Frontier offer Planned Parenthood of Utah sues to block abortion ban after Supreme Court ruling Indonesia president to visit Ukraine, Russia on peace-building mission G7 to announce ban on import of new Russian gold on Tuesday – U.S. official Sievierodonetsk falls to Russia after one of war’s bloodiest fights', 'It was a mixed session for the crypto to ten, with bitcoin (BTC) extending its winning streak while Binance Coin (BNB) saw red. There were no major news stories to provide direction on Saturday, allowing momentum from Friday to spill over to the weekend. After adding $24 billion on Friday, the total crypto market cap rose by a modest $11.5 billion. It was a mixed session for the crypto market on Saturday. Bitcoin ( BTC ) logged a second 3-day winning streak of the week, while Binance Coin (BNB) saw red to buck the top ten trend. There was no major news to derail the latest uptrend, with the crypto market needing to make it four in a row to convince investors of a possible shift from the extended bearish sell-off. The week ahead will likely be another choppy one with inflation back in focus. The Total Crypto Market Cap Inches Nearer to $1,000bn Following a $27 billion rise on Friday, the total crypto market cap increased by $11.5 billion on Saturday. A day high of $954 billion saw the market cap near $1,000 billion, last visited on June 13. Total Market Cap 260622 Daily Chart Investors continued to put aside downside risks, including fears of a recession, with momentum from Thursday and Friday continuing into the weekend. For the week, the total market cap is currently up by $58 billion, reducing the June deficit to $354 billion. On Saturday, DOGE led the way, rising by 2.35%, with BTC (+1.15%) and ETH (+1.38%) close behind. However, SOL (+0.76%) and XRP (+0.23%) saw modest gains, with ADA ending the day flat. BNB bucked the trend, falling by 0.21%. From the CoinMarketCap top 100, The Sandbox ( SAND ) led the broader market, rallying by 16.3%. The market speculation of a possible investor buyout of The Sandbox delivered the breakout session on Saturday. This week, tech companies, including Epic Games, Meta, Microsoft, and Sony, partnered to form the Metaverse Standards Forum. Decentraland ( MANA ) also found strong support, gaining 9.0%. Total Crypto Liquidations Eased, Reflective of Saturday’s Moves The recent downward trend in total crypto liquidations resumed on Saturday, reflective of market movements. Story continues Going into Sunday, total liquidations stood at $130 million, down from a Saturday morning of $192 million. 54,137 traders were liquidated over the past 24 hours. One-hour liquidations were also steady. According to Coinglass , one-hour liquidations stood at $5.68 million. Total Crypto Liquidations 260622 Daily News Highlights The Sandbox (SAND) and Decentraland (MANA) enjoyed breakout sessions supported by the formation of the Metaverse Standards Forum. DeFi tokens continued their uptrend as investors began to dip back into the space following the collapse of TerraUSD (UST ) and Terra LUNA . Binance CEO CZ told Yahoo! Finance that the company is looking at 50 to 100 deals. News hit the crypto wires of FTX planning to buy a stake in BlockFi. The Wall Street Journal reported Goldman Sachs eying a possible acquisition of Celsius. This article was origi Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-06-26 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $408,799,300,073 - Hash Rate: 202851865.7151624 - Transaction Count: 206755.0 - Unique Addresses: 528289.0 Social & AI Sentiment: - Fear & Greed Index: 0.14 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: The Bitcoin Mining Council, a voluntary forum of cryptocurrency mining companies supported by Michael Saylor’s MicroStrategy Inc., said its latest quarterly survey showed the global Bitcoin mining industry is relying more on electricity from sustainable sources. See related article:Can Ethereum’s proof-of-stake transition save the planet? • The global Bitcoin mining industry had a sustainable electricity mix of 58.4% during the January to March period, up from 36.8% a year earlier, representing an increase of 59% year-on-year, according to thereportpublished on Monday. • The Bitcoin mining hashrate rose 23% year-on-year in the first quarter, while energy usage fell by 25% as mining efficiency rose 63%, according to the report. • The gains from new technology and a greater reliance on power sources such as wind and solar have made Bitcoin mining “one of the most sustainable industries globally,” the council said in astatement. • The council said its results were based on data collected from 50% of the global Bitcoin network. • In contrast to the Bitcoin Mining Council’s report, apeer-reviewed studypublished in February in the journal Joule found the environmental impact of Bitcoin mining deteriorated after Chinaclamped down on crypto mininglast year. See related article:Renewables uptake: Bitcoin the problem or solution?... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['• It was another mixed session for the crypto to ten, with Dogecoin (DOGE) in breakout mode while the Solana (SOL) fell for the second time in the week.\n• With no crypto news to influence, caution hit the market ahead of the Monday open.\n• The total crypto market cap slid by $24 billion to $921 billion, ending a three-day winning streak.\nIt was a mixed end to the week for thecryptomarket. Bitcoin (BTC) saw another three-day winning streak end while Dogecoin (DOGE) was in breakout mode.\nFor a second consecutive day, no crypto news stories influenced crypto investor sentiment. The lack of news left investors cautious ahead of the equity market openings on Monday.\nFollowing a modest $11.5 billion increase on Saturday, the total crypto market cap slid by $24 billion on Sunday.\nA mixed market session saw the market cap hit a high of $961.6 billion before retreating through the afternoon.\nWhile continuing to fall short of the $1,000 billion mark, the total crypto market cap increased by $40 billion in the week. The weekly increase reduced the June deficit to $373 billion.\nSunday’s caution could test investor appetite this week. Several key economic indicators from the US, together with central bank chatter, will draw attention.\nEarly in the week, updates from the G7 Summit will need monitoring, along with speeches from BoE Governor Bailey, ECB President Lagarde, and Fed Chair Powell.\nUS economic indicators, including consumer confidence (Tue), personal spending (Wed), and inflation (Wed), will also influence investor sentiment.\nThe economic indicators and central bank speeches could add to the market angst over the economic outlook and monetary policy.\nHeadwinds include a Fed committed to bringing inflation to target at any cost that has led to the threat of a recession. A slump in consumer confidence, a fall in personal spending, and a pickup in inflationary pressure would be a bad combination for riskier assets.\nOn Sunday, DOGE led the way for a second session, rallying by 6.55% to buck the broader market trend.\nIt was a bearish end to the week for the rest of the crypto top ten.\nSOLslid by 6.69%, withBNB(-2.34%),ETH(-3.56%), andXRP(-2.68%) also struggling.\nBTC (-2.06%) andADA(-1.61%) ended the day with relatively modest losses.\nFrom theCoinMarketCaptop 100, Apecoin (APE) gained 3.06% while The Sandbox (SAND) fell by 7.88% to see a seven-day winning streak end.\nOn Sunday, total crypto liquidations inched up, with a bearish end to the Sunday session reflected in the one-hour number.\nGoing into the Monday session, total 24-hour liquidations stood at $144.5 million, with 61,184 traders liquidated. While up modestly from $130 million on Sunday morning, liquidations late on Sunday accelerated.\nAccording toCoinglass, one-hour liquidations stood at $12.71 million. The total crypto market cap reflected the increase in selling pressure, falling by $17 billion over the same period.\n• US sporting franchise The National Hockey League (NHL) and NFT marketplace Sweet aannouncedpartnership to drive NHL fan engagement.\n• The total number of cryptos on CoinMarketCap broke through the 20,000 mark for the first time. At the time of writing, the total number of cryptos stood at 20,004.\nThisarticlewas originally posted on FX Empire\n• E-mini S&P 500 Index (ES) Futures Technical Analysis – Needs Another Dip in Yields to Extend Rally\n• Fifty years on, London’s Pride veterans remember ’empowering’ first rally\n• Climate change protest throws Sydney traffic into chaos, 11 arrested\n• Taiwan holders of Russian bonds say haven’t received payments -sources\n• China’s May industrial profits slump again despite easing COVID curbs\n• Dollar shelters under recession clouds as investors put safety first', 'Key Insights: It was another mixed session for the crypto to ten, with Dogecoin (DOGE) in breakout mode while the Solana (SOL) fell for the second time in the week. With no crypto news to influence, caution hit the market ahead of the Monday open. The total crypto market cap slid by $24 billion to $921 billion, ending a three-day winning streak. It was a mixed end to the week for the crypto market. Bitcoin ( BTC ) saw another three-day winning streak end while Dogecoin ( DOGE ) was in breakout mode. For a second consecutive day, no crypto news stories influenced crypto investor sentiment. The lack of news left investors cautious ahead of the equity market openings on Monday. The Total Crypto Market Cap Slips Back Amidst Investor Caution Following a modest $11.5 billion increase on Saturday, the total crypto market cap slid by $24 billion on Sunday. A mixed market session saw the market cap hit a high of $961.6 billion before retreating through the afternoon. While continuing to fall short of the $1,000 billion mark, the total crypto market cap increased by $40 billion in the week. The weekly increase reduced the June deficit to $373 billion. Total Market Cap 270622 Daily Chart Sunday’s caution could test investor appetite this week. Several key economic indicators from the US, together with central bank chatter, will draw attention. Early in the week, updates from the G7 Summit will need monitoring, along with speeches from BoE Governor Bailey, ECB President Lagarde, and Fed Chair Powell. US economic indicators, including consumer confidence (Tue), personal spending (Wed), and inflation (Wed), will also influence investor sentiment. The economic indicators and central bank speeches could add to the market angst over the economic outlook and monetary policy. Headwinds include a Fed committed to bringing inflation to target at any cost that has led to the threat of a recession. A slump in consumer confidence, a fall in personal spending, and a pickup in inflationary pressure would be a bad combination for riskier assets. Story continues The Crypto Market Movers and Shakers from the Top Ten and Beyond On Sunday, DOGE led the way for a second session, rallying by 6.55% to buck the broader market trend. It was a bearish end to the week for the rest of the crypto top ten. SOL slid by 6.69%, with BNB (-2.34%), ETH (-3.56%), and XRP (-2.68%) also struggling. BTC (-2.06%) and ADA (-1.61%) ended the day with relatively modest losses. From the CoinMarketCap top 100, Apecoin ( APE ) gained 3.06% while The Sandbox ( SAND ) fell by 7.88% to see a seven-day winning streak end. Total Crypto Liquidations Rise in a Late Sunday Crypto Pullback On Sunday, total crypto liquidations inched up, with a bearish end to the Sunday session reflected in the one-hour number. Going into the Monday session, total 24-hour liquidations stood at $144.5 million, with 61,184 traders liquidated. While up modestly from $130 million on Sunday morning, liquidations late on Sunday accelerated. Total Crypto Liquidations 270622 According to Coinglass , one-hour liquidations stood at $12.71 million. The total crypto market cap reflected the increase in selling pressure, falling by $17 billion over the same period. Total Market Cap 270622 Hourly Chart Daily News Highlights US sporting franchise The National Hockey League (NHL) and NFT marketplace Sweet a announced partnership to drive NHL fan engagement. The total number of cryptos on CoinMarketCap broke through the 20,000 mark for the first time. At the time of writing, the total number of cryptos stood at 20,004. This article was originally posted on FX Empire More From FXEMPIRE: E-mini S&P 500 Index (ES) Futures Technical Analysis – Needs Another Dip in Yields to Extend Rally Fifty years on, London’s Pride veterans remember ’empowering’ first rally Climate change protest throws Sydney traffic into chaos, 11 arrested Taiwan holders of Russian bonds say haven’t received payments -sources China’s May industrial profits slump again despite easing COVID curbs Dollar shelters under recession clouds as investors put safety first', '• It was a bearish Sunday session, with bitcoin (BTC) falling by 2.06% to end the day at $21,032.\n• Investor angst returned ahead of the NASDAQ futures open.\n• Technical indicators are bearish, with bitcoin at above the 50-day EMA.\nOn Sunday, bitcoin (BTC) fell by 2.06%. Reversing a 1.20% gain from Saturday, bitcoin ended the week up 2.33% to $21,032.\nA bullish start to the day saw bitcoin rise to a high of $21,856 before hitting reverse.\nBitcoin broke through the First Major Resistance Level at $21,740 before sliding to a late low of $20,971.\nThe reversal saw bitcoin fall through the First Major Support Level at $21,055 to end the week at $21,032.\nBitcoin saw the effects of Friday’s NASDAQ 100 rally wane, with investors cautious ahead of the Monday open.\nLast week, the correlation between the NASDAQ 100 and bitcoin strengthened, and bitcoin will likely continue to track the NASDAQ near term. For now, the headwinds for bitcoin and the NASDAQ remain aligned.\nAt the time of writing, the NASDAQ 100 Mini was down 47.5 points.\nThis morning, the Fear & Greed Index fell from 14/100 to 12/100.\nSitting deep in the “Extreme Fear” zone, the latest pullback brings sub-10/100 and the June 19 low of 6/100 into play.\nInvestors will be looking for an upswing towards 25/100 and a move into the “Fear Zone” to suggest a bitcoin bottoming out.\nThe Index last visited the “Fear Zone” on May 5.\nAt the time of writing, BTC was down 0.10% to $21,010.\nA mixed start to the day saw BTC rise to an early high of $21,078 before falling to a low of $20,975.\nBTC left the Support and Resistance Levels untested early on.\nA BTC move through the $21,280pivotwould bring the First Major Resistance Level at $21,605 and the Sunday high of $21,856 into play.\nBTC would need plenty of support to break out from $21,500.\nAn extended rally would test the Second Major Resistance Level at $22,174 and resistance at $22,500. The Third Major Resistance Level sits at $23,056.\nFailure to move through the pivot would bring the First Major Support Level at $20,716 into play. In case of another extended sell-off, bitcoin coul Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-06-27 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $405,589,698,631 - Hash Rate: 199911983.60334843 - Transaction Count: 258883.0 - Unique Addresses: 621986.0 Social & AI Sentiment: - Fear & Greed Index: 0.12 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: First Mover Asia: Bitcoin Dominates but Altcoins Lurk Don't miss CoinDesk's Consensus 2022 , the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12. Bitcoin ( BTC ) continues to trade in a tight range, struggling to make a decisive break above or below $30,000. The cryptocurrency found support around $27,500, which has stabilized price action over the past week. BTC was trading at around $29,300 at press time and was down by as much as 3% over the past 24 hours. The relative strength index ( RSI ) on the daily chart is rising from oversold levels, but remains capped below the 50 neutral mark. A move above 50 in the daily RSI would confirm a brief recovery in price. For now, upside appears to be limited, initially toward the $33,000-$35,000 resistance zone. Momentum signals are improving on the daily chart, but remain negative on the weekly and monthly charts. That could increase the risk of a breakdown in price, similar to what occurred in earlier this month. View comments... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['• Xinfin Network’s native token was down by 11.16% over the last 24 hours.\n• DeFi chain Tezos experienced a rally, albeit of only 5%, in the same duration.\n• Bitcoin and Ethereum stood trading at $20.7k and $1.1k, respectively.\nThe totalcryptomarket cap was reduced by $30 billion yesterday after recovering $125.9 billion from the $435 billion crash.\nConsequently, most of the altcoins at the time of writing ended up trading in red, led byXinfin Network’snative token.\nTrading at $0.025, XDC furthered its 10-month-long depreciation that began in August 2021, around the beginning of the active downtrend. Plummeting from the highs of $0.18, the altcoin has declined by 86%, and the price is currently at its 16-month low.\nCurrently, the Relative Strength Index (RSI) for most of the other cryptocurrencies is inching closer to reclaiming the positive zone, whereas XDC is heading in the opposite direction.\nLingering in the bearish area for almost two months now, the indicator is getting closer to slipping into the oversold zone.\nGenerally, that area should be avoided, but since XDC needs a kickstart to its rally, falling in might be the better idea. From there on, the trend will reverse, restarting XDC’s rise.\nThis would also help the altcoins reclaim the 50-day Moving Average as its support which it successfully did back in April.\nAmong the very few altcoins to counter the bearishness today,Tezos’ XTZ closed a 12.47% rise against the market downtrend.\nAlthough it is nowhere near enough to invalidate the 42.29% losses it witnessed this month, trading at $1.6, the cryptocurrency certainly came closer to making that happen.\nGoing forward, XTZ does have the opportunity to sustain this rise and carry it on ahead as the volatility is likely going to reduce. The position of the Bollinger Bands converging hints at a decline in the possibility of a price swing.\nIn addition to that, the candle’s close above the bias will provide it the support it needs to keep rising ahead, gradually making its way above $2.\nBeing a critical psychological level, reclaiming it would also reinvigorate the investors’ lost confidence in the asset and increase the inflows for XTZ.\nThisarticlewas originally posted on FX Empire\n• China extends anti-dumping tariffs on EU, UK steel fasteners imports\n• Kazakh tycoon gives up stake in major oil trader\n• Japan says hard to confirm impact from Russia’s debt default\n• Australia commits to Pacific islands defence training as China plans rival meet\n• Oil extends gains as major producers flag capacity limits\n• Toshiba board gains two directors from activist hedge funds', 'Key Insights: Xinfin Network\x92s native token was down by 11.16% over the last 24 hours. DeFi chain Tezos experienced a rally, albeit of only 5%, in the same duration. Bitcoin and Ethereum stood trading at $20.7k and $1.1k, respectively. The total crypto market cap was reduced by $30 billion yesterday after recovering $125.9 billion from the $435 billion crash. Consequently, most of the altcoins at the time of writing ended up trading in red, led by Xinfin Network\x92s native token. XDC Takes a Dip Trading at $0.025, XDC furthered its 10-month-long depreciation that began in August 2021, around the beginning of the active downtrend. Plummeting from the highs of $0.18, the altcoin has declined by 86%, and the price is currently at its 16-month low. Currently, the Relative Strength Index (RSI) for most of the other cryptocurrencies is inching closer to reclaiming the positive zone, whereas XDC is heading in the opposite direction. Lingering in the bearish area for almost two months now, the indicator is getting closer to slipping into the oversold zone. Generally, that area should be avoided, but since XDC needs a kickstart to its rally, falling in might be the better idea. From there on, the trend will reverse, restarting XDC\x92s rise. This would also help the altcoins reclaim the 50-day Moving Average as its support which it successfully did back in April. Tezos Fights the Bears Among the very few altcoins to counter the bearishness today, Tezos \x92 XTZ closed a 12.47% rise against the market downtrend. Although it is nowhere near enough to invalidate the 42.29% losses it witnessed this month, trading at $1.6, the cryptocurrency certainly came closer to making that happen. Going forward, XTZ does have the opportunity to sustain this rise and carry it on ahead as the volatility is likely going to reduce. The position of the Bollinger Bands converging hints at a decline in the possibility of a price swing. In addition to that, the candle\x92s close above the bias will provide it the support it needs to keep rising ahead, gradually making its way above $2. Story continues Being a critical psychological level, reclaiming it would also reinvigorate the investors\x92 lost confidence in the asset and increase the inflows for XTZ. This article was originally posted on FX Empire More From FXEMPIRE: China extends anti-dumping tariffs on EU, UK steel fasteners imports Kazakh tycoon gives up stake in major oil trader Japan says hard to confirm impact from Russia\x92s debt default Australia commits to Pacific islands defence training as China plans rival meet Oil extends gains as major producers flag capacity limits Toshiba board gains two directors from activist hedge funds', 'We just saw a spate of stock-spit announcements, including from high-profile companies, such as Amazon (NASDAQ: AMZN ). While a stock split may be all too familiar for you, a reverse split is not a very common corporate action. In this article, I shall delve on the what, why, how and when of a reverse split. What’s a Reverse Split? A reverse split refers to an action by a company to buoy its stock price by consolidating the number of its outstanding shares. Essentially, this phenomenon serves to reduce the number of outstanding shares and the degree of reduction depends on the ratio of the reverse stock split. InvestorPlace - Stock Market News, Stock Advice & Trading Tips 7 Butchered Tech Stocks to Buy and Hold Earlier this month, South San Francisco, California-based Calithera Biosciences (NASDAQ: CALA ) announced a 1-for-20 reverse stock split. The reverse split went into effect on Jun. 14 and combined 20 pre-split shares into a single post-split CALA stock. At the end of the March quarter, Calithera had 78,468,000 outstanding shares. While announcing the reverse split, the company said it expects the number to shrink to 4,865,000 shares, excluding outstanding and unexercised stock options and warrants. What will happen to the fractional shares held by shareholders after all of their holdings are consolidated using the ratio announced by the company? As Calithera said in its release, they get cash in lieu of the fractional shares, with the value calculated based on the stock price that prevailed then. Why and When Companies Do a Reverse Split A reverse split is resorted to by companies primarily to regain compliance with listing standards when their stock prices drop below the required minimum. This will help them remain listed on the main exchanges. Staying listed on the main exchanges gives the company visibility, credibility and liquidity. No company worth its salt may want to face the ignominy of delisting, especially for flouting exchange rules. Story continues In Calithera’s case, the company intended to bring its stock price back above the $1 minimum bid price requirement for remaining listed on the Nasdaq . Additionally, some companies may do a reverse split to boost their image in a bid to attract investments from large investors. There is another rationale behind reverse splitting. When a stock of a company trading at depressed levels plans a spinoff, it is most likely to implement a reverse split. This could give leeway for commanding a better spin-off price. Most corporate actions fall under the regulatory purview of the Securities and Exchange Commission. However, state corporate law and a company’s articles of incorporation and by-laws assume a greater control over a company’s ability to declare a reverse stock split and whether shareholders need to vet the action. After a company’s board approves the decision to reverse split, it notifies shareholders of the decision either through a press release or a filing on Form 8-K, 10-Q or 10-K. The company has to file a proxy statement on Schedule 14A if shareholders need to approve the action. If the reverse split will result in the company going private, it requires a Schedule 13E-3 filing. Impacts on Stock Performance Investors’ stakes in a company doing a reverse split does not change, but the number of shares they hold will vary. In other words, intrinsic value of the company does not change, but there is an adjustment in stock price. Therefore, a reverse split does not affect the market capitalization of the company. Bottom Line on Reverse Splits A regular stock split sends a confident signal to investors that the stock reflects positive fundamentals and has reached levels that have become unaffordable for retail investors. On the other hand, investors always take reverse stock splits with a pinch of salt. Invariably, investors associate reverse splits with a struggling company. At least, from the perspective of perception, it is a negative for stocks. But it doesn’t necessarily need to be negative. General Electric (NYSE: GE ) implemented a 1-for-8 reverse stock split in August 2021. The company reasoned that over the years, it has divested many of its businesses without any change to the outstanding shares: “Through these divestitures, we have not reduced our share count proportionally – leaving us in the unusual position of having nearly 8.8 billion shares outstanding, a much higher share count than other industrial companies.” In certain cases, reverse splitting buys time for companies to improve their fundamental performance. It helps improve perception regarding a company before a turnar Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-06-28 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $399,042,644,469 - Hash Rate: 214611394.16241816 - Transaction Count: 248080.0 - Unique Addresses: 624229.0 Social & AI Sentiment: - Fear & Greed Index: 0.10 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Be it Web 2.0 – the current version of the internet that we know and use – or Web 3.0 – the decentralized internet that we are gradually transitioning to, the need for interoperability will always take center stage. In the Web 2.0 realm, it is now easy to browse and interact with content from several different platforms, servers, and locations. Each of these content sources often links out to other websites, images, videos, and whatnot – effectively interconnecting the vast ecosystem. But when it comes to Web 3.0, you won’t necessarily find a similar degree of connectivity, at least for now. This is because the current blockchain ecosystem is highly fragmented: hundreds of standalone blockchains, dozens of sidechains, hubs, and bridges are working in siloed environments with their respective captive user communities. Because each blockchain serves a specific purpose, catering to a specific audience and facilitating related use cases, they aren’t able to communicate with each other. Hence, Web 3.0 solutions built atop these blockchains will ultimately exist in large siloes unless the situation is remediated. Fortunately, a solution has been formulated: omnichain interoperability. But before we delve into the specifics of omnichain interoperability, let’s take a look at the current scenario. Cross-Chain Technology Only Solves Half Of The Problem We are still in the early days of blockchain ecosystem development. Accordingly, several components that power interoperability across the Web 2.0 ecosystem, such as APIs (application programming interfaces) that allow standalone applications (and programs) to communicate with each other, are still under development. Recent advances in blockchain technology have unlocked several new use cases that will lay the foundation of a fully interoperable Web 3.0 ecosystem. As enterprises, large-scale corporations, startups, and the general public began adopting blockchain technology, developers quickly realized that no single blockchain protocol could achieve optimal efficiency while remaining in complete exclusivity. Story continues To address the problem of blockchain interoperability, developers introduced cross-chain technology to enable the seamless transfer of data and value between individual blockchains without any intermediary. This means that all blockchains that share similar network features can transfer data and value between each other. As an emerging mechanism, cross-chain technology has a long way to go to support meaningful blockchain interoperability. In today’s paradigm, cross-chain interoperability can be achieved three ways: Sidechains – Also known as layer-2 platforms, sidechains have their own consensus mechanism, tokens, and security parameters. Most sidechains support their own specific use cases. Examples: Polkadot , Cosmos . Oracles – In the context of interoperability, oracles play the role of connecting on-chain data with off-chain applications. They work across multiple blockchain platforms, thus contributing toward interoperability. Examples: Chainlink , API3 . Bridges and swaps – In this process, tokens of one network are locked, and then an identical asset is minted on the other network and sent to the original requestor. Swaps, also known as atomic swaps, allow users to exchange tokens from different networks through a decentralized platform. Both bridges and swaps facilitate the cross-chain transfer of value. That said, while cross-chain technology has solved the interoperability dilemma to a huge extent, it only works for blockchains (and the ecosystems built atop them) that share similar network features. For instance, cross-chain technology will work if someone wants to transfer data between Ethereum and any other EVM (Ethereum Virtual Machine)-compatible chain, but it won’t work if someone wants to transfer data between the Bitcoin and Ethereum blockchains (since both are standalone chains and share no similar network features). The Future Is Omnichain Given the current challenges and the growing demand for multi-chain DeFi and NFT solutions, partly driven by Ethereum’s ongoing headaches (high gas fees and slow transaction speeds), developers and users are actively seeking better alternatives. Since cross-chain technology is largely focused on Ethereum and other EVM-compatible chains, it won’t be of much help in an expansive Web 3.0 ecosystem that consists of thousands of decentralized applications (dApps), protocols, and metaverses – each on different blockchain networks. Up and coming projects are focusing on developing solutions to facilitate a multi-chain ecosystem by bringing together data, value (liquidity), and users from fragmented and individual blockchains by leveraging the omnichain interoperability protocol. Omnichain interoperability unlocks cross-chain composability, thereby uniting all of the dApps residing atop disparate blockchain networks. It goes beyond the existing cross-chain interoperability standards by bringing together all EVM-compatible and non-EVM chains to build an interconnected multi-chain ecosystem of dApps and DeFi protocols and support new use cases like multi-chain decentralized exchanges (DEXs), multi-chain lending, yield farming, and multi-chain NFTs. The more the underlying technology evolves, the more the connectivity between isolated ecosystems will increase. By extension, as connectivity increases, the user experience and engagement across the Web 3.0 ecosystem of blockchain gaming, NFTs, DeFi, and other primitives improve in kind. This article was originally posted on FX Empire More From FXEMPIRE: Nepal suspends search for missing plane with 22 on board EU unity on Russian sanctions ‘starting to crumble’, German minister says Biden grieves with Texas town after latest U.S. school shooting Soccer-Blame game in France after ‘chaotic’ Champions League final Sri Lanka PM proposes more cabinet accountability amid economic crisis Big fire breaks out at Swiss industrial building outside Zurich... - Reddit Posts (Sample): [['u/LunarChickadee', 'One reason I made some good decisions during the bull run? My spouse knows fully about my investments.', 158, '2022-06-28 00:31', 'https://www.reddit.com/r/CryptoCurrency/comments/vm7cru/one_reason_i_made_some_good_decisions_during_the/', "I wanna give them credit here. Since my decisions can look like they're all my own, but the truth is, my partner called the tops on things better than I every could. I'd tell her how much I was up, and she'd ask me to sell. And I often followed her advice and sold some off. \n\nWhy do I bring this up? Having an unemotional outsider and open conversation about your goals with investing ( and trying to buy and sell into a bear or bull market ) means less emotional decision making. \n\nAll the money I did lose was because I didn't stick to the plans I made with them to the letter. I decided to risk some of my gains, and lost out on being even more in the black. \n\nSo, talk to your partners (or friends) the next time you're jumping into a bull run?\n\nAnd maybe do it while we're in a bear, as well. We've agreed that it's okay for me to spend $X a week in Bitcoin, and Hold onto certain assets that fit our desire for greener Blockchain if it's going to continue.", 'https://www.reddit.com/r/CryptoCurrency/comments/vm7cru/one_reason_i_made_some_good_decisions_during_the/', 'vm7cru', [['u/Yegpetphoto', 67, '2022-06-28 00:33', 'https://www.reddit.com/r/CryptoCurrency/comments/vm7cru/one_reason_i_made_some_good_decisions_during_the/idzfae6/', 'You guys still have spouses?', 'vm7cru'], ['u/Arcc14', 11, '2022-06-28 00:34', 'https://www.reddit.com/r/CryptoCurrency/comments/vm7cru/one_reason_i_made_some_good_decisions_during_the/idzfews/', 'Not snymore', 'vm7cru'], ['u/Eurothrift', 10, '2022-06-28 00:35', 'https://www.reddit.com/r/CryptoCurrency/comments/vm7cru/one_reason_i_made_some_good_decisions_during_the/idzflwa/', 'Sometimes floating on the surface let’s you see more thank diving in too deep.', 'vm7cru'], ['u/Odysseus_Lannister', 69, '2022-06-28 00:36', 'https://www.reddit.com/r/CryptoCurrency/comments/vm7cru/one_reason_i_made_some_good_decisions_during_the/idzfr9b/', 'Yo, get this healthy relationship communication out of here. Everyone knows you’re supposed to lie and take out a second mortgage on your house to buy crypto then get mad at your SO when they “grill” you for just trying to invest. \n\n/S ❤️❤️. I do a similar thing and it does help keep an objective view on crypto.', 'vm7cru'], ['u/GelDel12', 16, '2022-06-28 00:49', 'https://www.reddit.com/r/CryptoCurrency/comments/vm7cru/one_reason_i_made_some_good_decisions_during_the/idzhhm9/', 'Crypto turned spouse into ex spouse', 'vm7cru'], ['u/asstyrant', 12, '2022-06-28 01:26', 'https://www.reddit.com/r/CryptoCurrency/comments/vm7cru/one_reason_i_made_some_good_decisions_during_the/idzmf3y/', 'Are you me?\n\nMy wife has an eerie habit of near clairvoyance with some of the market movements this run.\n\nDid I listen to all her premonitions? Nope, and we paid the price for it on occasion.\n\nThankfully, her insistence to take profits in November was when I (grudgingly) listened. Only a week later everything shat the bed.', 'vm7cru'], ['u/prenebean', 11, '2022-06-28 01:32', 'https://www.reddit.com/r/CryptoCurrency/comments/vm7cru/one_reason_i_made_some_good_decisions_during_the/idzn60o/', 'Sir, this is a casino?', 'vm7cru'], ['u/LunarChickadee', 12, '2022-06-28 01:36', 'https://www.reddit.com/r/CryptoCurrency/comments/vm7cru/one_reason_i_made_some_good_decisions_during_the/idznrx8/', 'And my wife knows how much I spend here.', 'vm7cru'], ['u/sangderenard', 11, '2022-06-28 01:51', 'https://www.reddit.com/r/CryptoCurrency/comments/vm7cru/one_reason_i_made_some_good_decisions_during_the/idzpme2/', "I want to second this and generally support open communication with your partner when investing. If you can't share what you're doing with them for fear of any kind of fear they may have, you may be gambling rather than investing", 'vm7cru'], ['u/SYgEnDsT', 34, '2022-06-28 03:23', 'https://www.reddit.com/r/CryptoCurrency/comments/vm7cru/one_reason_i_made_some_good_decisions_during_the/ie017jc/', 'My wife thinks that "Luna" was a friend of mine that died. I believe is better this way.', 'vm7cru'], ['u/EchoCollection', 20, '2022-06-28 06:15', 'https://www.reddit.com/r/CryptoCurrency/comments/vm7cru/one_reason_i_made_some_good_decisions_during_the/ie0l6fh/', 'Wife changing money.', 'vm7cru']]], ['u/yeetsfeetsdeletes', 'No, Gerry Gensler did not say that SOLEY BITCOIN is a commodity', 120, '2022-06-28 00:45', 'https://www.reddit.com/r/CryptoCurrency/comments/vm7nvi/no_gerry_gensler_did_not_say_that_soley_bitcoin/', 'Context and getting the full quote matters a lot here. Do yourself a favor and watch the actual interview on CNBC. https://youtu.be/oTa_3W8rMno\n\n\n\nStarting around 00:55: "...so some of them (cryptoassets) are under the exchange and securities commission. Some, like Bitcoin, and that\'s the only one Jim I\'m gonna say because I\'m not gonna talk about any one of these tokens but my predecessors and others have said THEY\'RE a commodity..."\n\nWhat Gerry Gensler is saying, is that yes Bitcoin has been treated so far as a commodity, and that SOME coins, tokens outside of Bitcoin MIGHT BE commodities. In other words, there is still a lack of clarity. \n\nThis lack of clarity however, doesn\'t automatically imply that Bitcoin will be the only commodity in crypto.', 'https://www.reddit.com/r/CryptoCurrency/comments/vm7nvi/no_gerry_gensler_did_not_say_that_soley_bitcoin/', 'vm7nvi', [['u/Greenbriarbushwacker', 12, '2022-06-28 00:52', 'https://www.reddit.com/r/CryptoCurrency/comments/vm7nvi/no_gerry_gensler_did_not_say_that_soley_bitcoin/idzi083/', 'He didn’t even say he thinks Bitcoin is a commodity. He said his predecessors have. You’re right, context is super important, especially in this clickbait society we now live in', 'vm7nvi'], ['u/Odysseus_Lannister', 25, '2022-06-28 01:17', 'https://www.reddit.com/r/CryptoCurrency/comments/vm7nvi/no_gerry_gensler_did_not_say_that_soley_bitcoin/idzl7jw/', 'Hey, I wanted to sharpen my pitchfork. Why are we bringing nuance and level headedness here?', 'vm7nvi']]], ['u/DudeWhatThe', 'Get Your Bitcoin Off the Exchanges!', 190, '2022-06-28 00:51', 'https://www.reddit.com/r/Bitcoin/comments/vm7sf6/get_your_bitcoin_off_the_exchanges/', "I know there's tons of posts already about this, but I'm adding to the annoyance. I am relatively new to the space and even I figured out how to use a cold wallet. If I can do it, you can too. \n\n\nI can't tell you how good it feels to be the sole custodian of my own keys. Not only that, it feels great knowing the exchanges aren't lending out my bitcoin to people who want to short the market. If you want to help out the community, get your bitcoins off the exchanges! Not your keys, NOT your cyrpto. Don't just put this off, get active. Take a step now! Any step at all towards securing your own keys. You'll thank me later.", 'https://www.reddit.com/r/Bitcoin/comments/vm7sf6/get_your_bitcoin_off_the_exchanges/', 'vm7sf6', [['u/azgard1885', 26, '2022-06-28 01:37', 'https://www.reddit.com/r/Bitcoin/comments/vm7sf6/get_your_bitcoin_off_the_exchanges/idznx0v/', 'No, only if you sell or exchange for another crypto, not transfer.', 'vm7sf6'], ['u/muffalowing', 16, '2022-06-28 03:49', 'https://www.reddit.com/r/Bitcoin/comments/vm7sf6/get_your_bitcoin_off_the_exchanges/ie04hht/', "It's intimidating. I finally did it though, have my coins in my Ledger NanoX after sitting on it for months afraid to take the plunge", 'vm7sf6'], ['u/tantan526', 100, '2022-06-28 03:59', 'https://www.reddit.com/r/Bitcoin/comments/vm7sf6/get_your_bitcoin_off_the_exchanges/ie05pta/', 'Great advice but I would also add, to ease your stress always send a small amount to your new hard wallet first as a test transaction. That way you know you did it right before sending the whole amount.', 'vm7sf6'], ['u/DudeWhatThe', 14, '2022-06-28 03:59', 'https://www.reddit.com/r/Bitcoin/comments/vm7sf6/get_your_bitcoin_off_the_exchanges/ie05rzs/', 'Good point!', 'vm7sf6'], ['u/CantGoogleMe', 12, '2022-06-28 05:44', 'https://www.reddit.com/r/Bitcoin/comments/vm7sf6/get_your_bitcoin_off_the_exchanges/ie0hzgx/', "go further, not just first but just send a shitload of small transactions one at a time so you're sure you don't get tricked and lose a big send.\n\nmight cost more in fees, but whatever", 'vm7sf6']]], ['u/Alpha_Protokol', 'Chia Blockchain and Web3: AMM, Swaps, DeFi, GameFi, NFTs, Yield Farming and other smart features', 11, '2022-06-28 01:34', 'https://www.reddit.com/r/chia/comments/vm8pkm/chia_blockchain_and_web3_amm_swaps_defi_gamefi/', "*Hello everyone Let's discuss here the possibilities of the Chia ecosystem and Chia news related to the development of web 3 on Chia. I am sure many people want an alternative to ETH with a developed DeFi, Web 3 ecosystem without expensive commissions and constant debates around PoW-PoS (a decentralized ecosystem\\). I'm one of them and that's what made me look at Chia at the end of 2020. I also think it is necessary to spread the information that Chia is not just a blockchain with a native coin like bitcoin, litecoin or zcash, but a platform with rich possibilities of smart programming. Maybe this is news for someone, but a huge number of people think about Chia this way, not suspecting that Chia is (if compared) not BTC but ETH in terms of functionality. I will be glad of any opinion or news that we might have missed on the development of the Chia ecosystem or its smart functionality like all these NFTs GameFi and so on. \nI suspect everyone would be interested to see an online AAA level game on Chia)))**", 'https://www.reddit.com/r/chia/comments/vm8pkm/chia_blockchain_and_web3_amm_swaps_defi_gamefi/', 'vm8pkm', [['u/jonnnny', 10, '2022-06-28 05:53', 'https://www.reddit.com/r/chia/comments/vm8pkm/chia_blockchain_and_web3_amm_swaps_defi... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Key Insights: It was another bearish session for the crypto to ten, with Dogecoin (DOGE) and Solana (SOL) leading the way down. Market reaction to US consumer confidence figures and a rise in crude oil prices hit riskier assets, with the crypto market tracking the NASDAQ into the deep red. The total crypto market cap slid by $26 billion to $886 billion, with the $1,000 billion mark now more elusive. It was a bearish Tuesday for the crypto market. Bitcoin ( BTC ) fell for a third consecutive day, with Dogecoin ( DOGE ) and Solana ( SOL ) leading the top ten into the deep red. Once more, crypto news updates failed to influence. Bitcoin and the broader crypto market remained firmly in sync with the NASDAQ 100. Economic data from the US and another rise in crude oil prices sent the NASDAQ and the crypto market into the red. In June, the US CB Consumer Confidence Index declined from 103.2 to 98.7 versus a forecasted 100.4. The weaker number led to a reversal of gains for the NASDAQ and the crypto market. Adding to the negative sentiment was a rise in crude oil prices. WTI crude oil increased by 2% on Tuesday, reinforcing the inverse correlation between crude oil prices and the NASDAQ/Cryptos. While the consumer confidence index pointed to weaker consumption, the increase in crude oil prices suggested a further pickup in inflationary pressure, both negative for the US economy and riskier assets. Total Market Cap – NASDAQ – WTI 290622 15 Min Chart The Total Crypto Market Cap Slides to Sub-$900bn A bullish start to the day saw the crypto market cap rise to a day high of $929.8 billion before succumbing to market forces. The reversal saw the total market cap slide to a day low of $885.2 billion before steadying. $26 billion came off the table. Tuesday’s tumble left the total crypto market cap down by $407 billion for the current month. Total Market Cap 290622 Daily Chart The Crypto Market Movers and Shakers from the Top Ten and Beyond On Tuesday, DOGE and SOL slid by 8.33% and 8.27%, respectively, to lead the top ten into the red. ETH (-4.08%), BNB (-2.96%), ADA (-3.30%), and XRP (-4.56%) also struggled, while BTC fell by a more modest 2.25%. Story continues From the CoinMarketCap top 100, TerraClassicUSD ( USTC ) grabbed the spotlight, surging by 111.4% to reenter the top 100. Other notables that bucked the broader market trend included 1inch Network ( 1INCH ), which rose by 10.4%, and BitTorrent-New ( BTT ), which ended the day up 12.1%. One-Hour Total Crypto Liquidations Spike This morning, 24-hour total crypto liquidations were higher when compared with Tuesday morning. Going into the Wednesday session, total 24-hour liquidations stood at $159 million, up from $137 million on Tuesday. Liquidated traders over the last 24 hours also picked up. At the time of writing, liquidated traders stood at 65,335. With 24-hour liquidations up, liquidations over one hour were also on the higher side. According to Coinglass , one-hour liquidations stood at $14.26 million. On Tuesday, one-hour liquidations had stood at $0.86 million. The higher one-hour liquidation figure will need to come down to support a bullish start to the Wednesday session. Total Crypto Liquidations 290622 Daily News Highlights The current bear market is the worst ever recorded. Institutional crypto products saw record outflows last week. The Central African Republic bet on Bitcoin. Bankman-Fried denied internal talks on acquiring Robinhood Markets (HOOD). Bitcoin miners fight for survival as crypto winter deepens. FTX buyout chatter delivered Robinhood Markets (HOOD) with a 14% boost. SEC v Ripple: Ripple opposed SEC attempts to seal its Amici response. This article was originally posted on FX Empire More From FXEMPIRE: Asian stocks lose bounce from shorter China quarantine, slip on inflation fears Ecuador’s Lasso survives bid to oust him, ends talks with indigenous leader China’s June factory activity likely expanded for first time in 4 months: Reuters poll Salvadoran president vows tougher war on gangs after police killed Toyota misses May global production target, third month of shortfall Japan’s Renesas, India’s Tata Motors partner to develop chip solutions', '• It was another bearish session for the crypto to ten, with Dogecoin (DOGE) and Solana (SOL) leading the way down.\n• Market reaction to US consumer confidence figures and a rise in crude oil prices hit riskier assets, with the crypto market tracking the NASDAQ into the deep red.\n• The total crypto market cap slid by $26 billion to $886 billion, with the $1,000 billion mark now more elusive.\nIt was a bearish Tuesday for thecryptomarket. Bitcoin (BTC) fell for a third consecutive day, with Dogecoin (DOGE) and Solana (SOL) leading the top ten into the deep red.\nOnce more, crypto news updates failed to influence. Bitcoin and the broader crypto market remained firmly in sync with the NASDAQ 100.\nEconomic data from the US and another rise in crude oil prices sent the NASDAQ and the crypto market into the red.\nIn June, the US CB Consumer Confidence Index declined from 103.2 to 98.7 versus a forecasted 100.4. The weaker number led to a reversal of gains for the NASDAQ and the crypto market.\nAdding to the negative sentiment was a rise in crude oil prices. WTI crude oil increased by 2% on Tuesday, reinforcing the inverse correlation between crude oil prices and the NASDAQ/Cryptos.\nWhile the consumer confidence index pointed to weaker consumption, the increase in crude oil prices suggested a further pickup in inflationary pressure, both negative for the US economy and riskier assets.\nA bullish start to the day saw the crypto market cap rise to a day high of $929.8 billion before succumbing to market forces.\nThe reversal saw the total market cap slide to a day low of $885.2 billion before steadying. $26 billion came off the table.\nTuesday’s tumble left the total crypto market cap down by $407 billion for the current month.\nOn Tuesday,DOGEandSOLslid by 8.33% and 8.27%, respectively, to lead the top ten into the red.\nETH(-4.08%),BNB(-2.96%),ADA(-3.30%), andXRP(-4.56%) also struggled, while BTC fell by a more modest 2.25%.\nFrom theCoinMarketCaptop 100, TerraClassicUSD (USTC) grabbed the spotlight, surging by 111.4% to reenter the top 100. Other notables that bucked the broader market trend included 1inch Network (1INCH), which rose by 10.4%, and BitTorrent-New (BTT), which ended the day up 12.1%.\nThis morning, 24-hour total crypto liquidations were higher when compared with Tuesday morning.\nGoing into the Wednesday session, total 24-hour liquidations stood at $159 million, up from $137 million on Tuesday.\nLiquidated traders over the last 24 hours also picked up. At the time of writing, liquidated traders stood at 65,335.\nWith 24-hour liquidations up, liquidations over one hour were also on the higher side.\nAccording toCoinglass, one-hour liquidations stood at $14.26 million. On Tuesday, one-hour liquidations had stood at $0.86 million. The higher one-hour liquidation figure will need to come down to support a bullish start to the Wednesday session.\n• The current bear market is theworstever recorded.\n• Institutional crypto productssawrecord outflows last week.\n• The Central African Republicbeton Bitcoin.\n• Bankman-Frieddeniedinternal talks on acquiring Robinhood Markets (HOOD).\n• Bitcoin minersfightfor survival as crypto winter deepens.\n• FTX buyout chatterdeliveredRobinhood Markets (HOOD) with a 14% boost.\n• SEC v Ripple: RippleopposedSEC attempts to seal its Amici response.\nThisarticlewas originally posted on FX Empire\n• Asian stocks lose bounce from shorter China quarantine, slip on inflation fears\n• Ecuador’s Lasso survives bid to oust him, ends talks with indigenous leader\n• China’s June factory activity likely expanded for first time in 4 months: Reuters poll\n• Salvadoran president vows tougher war on gangs after police killed\n• Toyota misses May global production target, third month of shortfall\n• Japan’s Renesas, India’s Tata Motors partner to develop chip solutions', 'By Byron Kaye and Alun John (Reuters) -Volt Bank Ltd, the first exclusively online bank to gain an Australian banking licence, said on Tuesday it would shut down, returning deposits and selling its mortgage book after failing to raise sufficient funds to support the business. Its collapse is a further blow to a business model that the Australian government and regulators promoted heavily after a 2018 inquiry into misconduct in the finance industry led to a loosening of rules for new banking entrants. Rising inflation and interest rates this year have made it harder for online-only banks, called neobanks in Australia, to compete with established lenders, making fundraising much more difficult. Though the pandemic and COVID-19 restrictions triggered huge demand for home loans in Australia, the shift to working at home also prompted traditional banks to embark on a digital arms race, narrowing approval times for loans and eroding the competitive advantage of neobanks. "We have considered all options but ultimately we have made this call in the best interest of our customers," Volt founder and CEO Steve Weston said in a statement. "The entire Volt team is deeply disappointed to have reached this point." The company had A$113 million ($78 million) in deposits and A$80 million of home loans as of April, according to government data, a tiny fraction of the A$3 trillion mortgage market. The company said no customer would be left out of pocket. Volt is the third of four prominent neobanks that were approved in an initial wave by Australian regulators to fold or be sold, leaving just privately held Judo, which had $5.5 billion in mortgages in April, government figures show. A year ago, Volt raised A$85 million, with mortgage broker Australian Finance Group (AFG) paying A$15 million for an 8% stake. Volt returned to the market this February with hopes of raising another A$200 million, a person with knowledge of the Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-06-29 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $387,229,107,375 - Hash Rate: 221961099.44195303 - Transaction Count: 265079.0 - Unique Addresses: 654949.0 Social & AI Sentiment: - Fear & Greed Index: 0.13 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: (Bloomberg) -- Most Read from Bloomberg Stocks Trim Gains as Inflation Concerns Increase: Markets Wrap Elizabeth Holmes Urges Judge to Overturn Verdict and Acquit Her NATO Should Think Twice Before Accepting Finland and Sweden Bitcoin Rallies as China’s Covid Easing Adds to Risk-On Mood China in Danger of Exporting Fresh Inflation Turmoil: MLIV Pulse The European Union is set to propose delaying restrictions on Russian oil imports from a key pipeline in a bid to satisfy Hungarian objections and clinch an agreement on a stalled sanctions package, the bloc’s sixth, that would target Moscow for its war in Ukraine. The EU’s executive arm is expected to circulate a revised proposal on Saturday that would temporarily spare shipments of oil through the giant Druzhba pipeline from a broader ban on oil deliveries, according to people familiar with the matter. The proposal would initially phase out just seaborne shipments, later extending to the Druzhba deliveries once a technical solution is found that satisfies the energy needs of Hungary and other mostly landlocked nations, said the people, who asked not to be identified because the talks are private. Seaborne supplies account for about two-thirds of Russian oil imports. EU ambassadors are scheduled to meet on Sunday when they could discuss the revised package, according to the people. Some member states are pushing to have an agreement before EU leaders meet in Brussels on Monday to discuss the war in Ukraine. The compromise would buy time for the EU and Hungarian Prime Minister Viktor Orban to iron out technical details of phasing out pipeline supplies to his country, the people said. Hungary has been blocking plans to ban Russian oil for weeks. The proposals are not finalized and could change before they are put forward and agreed by member states. The sanctions package requires the backing of all member states. Several nations had previously opposed distinguishing between seaborne and pipeline deliveries over concerns that such a split was unfair as it would disproportionately hit their supplies. A European Commission official declined to comment on the details of the proposals, saying it’s continuing to support member states to find an agreement on the package. The EU had previously proposed phasing out all Russian oil imports by early next year. Hungary and Slovakia would have been given until the end of 2024 to comply, while the Czech Republic would have been granted an exemption until June 2024. The countries are heavily reliant on Russian oil, but they account for a relatively small portion of the EU’s overall imports from Moscow. Story continues Exempting pipeline oil from the measures -- which Hungary had previously asked as a condition to back the package, along with more time and infrastructure investments -- will dent the impact of the sanctions. Russia shipped about 720,000 barrels a day of crude to European refineries through its main pipeline to the region last year. That compares with seaborne volumes of 1.57 million barrels a day from its Baltic, Black Sea and Arctic ports. However, the bulk of the pipeline deliveries are to Germany and Poland, which have signaled they will wean themselves off Russian supplies regardless of any EU action. Insurance Ban As part of the compromise, Bulgaria could be granted a longer transition period, two of the people said. Greece and Cyprus are also demanding a longer transition on a proposed ban on providing services such as insurance needed to ship oil to third countries around the world, according to the people. Under the current proposal, that ban would kick in three months after the sanctions package is adopted. That component of the original package had already been weakened after an earlier plan to ban tankers from shipping Russian oil to third countries was dropped earlier this month after Greece objected to that provision. Cyprus is also pushing to limit proposed restrictions on Russian individuals and entities buying real estate in the EU and wants that measure to only apply to Russians who are based in Russia, the people said. Other measures in the proposed EU sanctions package include: • Cutting three more Russian banks off the international payments system SWIFT, including Russia’s largest lender Sberbank. • Restricting Russian entities and individuals from purchasing property in the EU. • Banning the ability to provide consulting services to Russian companies and trade in a number of chemicals. • Sanctioning Alina Kabaeva, a former Olympic gymnast who is “closely associated” with President Vladimir Putin, according to an EU document; and Patriarch Kirill, who heads the Russian Orthodox Church and has been a vocal supporter of the Russian president and the war in Ukraine. Hungary, however, is opposed to sanctioning Kirill, the people said. • Sanctioning dozens of military personnel, including those deemed responsible for reported war crimes in Bucha, as well as companies providing equipment, supplies and services to the Russian armed forces. Most Read from Bloomberg Businessweek A Startup Wants to Rescue You From Browser Tab Hell Gun Sellers Push Quick Buy Now, Pay Later Financing The Tech Rout Isn’t Just Cyclical—It’s Well-Earned, and Overdue Gamification Took Over the Gig Economy. Who’s Really Winning? A New Prediction Market Lets Investors Bet Big on Almost Anything ©2022 Bloomberg L.P. View comments... - Reddit Posts (Sample): [['u/farenheit613', 'Been tracking transactions and found where Celsius has moved their Bitcoin.', 65, '2022-06-29 00:09', 'https://www.reddit.com/r/CelsiusNetwork/comments/vmzbpw/been_tracking_transactions_and_found_where/', '[https://www.blockchain.com/btc/address/bc1q9l2th7p0ssmdem24cls05xa342g0rp4ky4glw5](https://www.blockchain.com/btc/address/bc1q9l2th7p0ssmdem24cls05xa342g0rp4ky4glw5)\n\nThat\'s where they\'re storing it, currently has 944 Bitcoin in it. Just showed up today. \n\nIf you backtrace it, it came from the wallet "bc1q4gwx0f6yqurq0gwj9ktwlevrp3eu8snn5kaaax", which got it\'s funds from "bc1qa56lzf7d05ttur003zmuzwrgl3x0qau5zm2qzn", a known Celsius wallet for withdrawals.\n\n&#x200B;\n\nAlso of note, another Celsius linked account has been playing hide the BTC using a wallet that is moving 207 Bitcoin (about $4m) every 30 minutes or so for at least the last day. I don\'t know how to tell how long that\'s been going on.\n\n[https://www.blockchain.com/btc/address/3AzTA5u13ZWdwjFG6JFRF2wdSd4gnujQZr](https://www.blockchain.com/btc/address/3AzTA5u13ZWdwjFG6JFRF2wdSd4gnujQZr)', 'https://www.reddit.com/r/CelsiusNetwork/comments/vmzbpw/been_tracking_transactions_and_found_where/', 'vmzbpw', [['u/rjm101', 11, '2022-06-29 00:30', 'https://www.reddit.com/r/CelsiusNetwork/comments/vmzbpw/been_tracking_transactions_and_found_where/ie4436u/', 'Worth finding all the WBTC too.', 'vmzbpw'], ['u/LittleSeizures7', 14, '2022-06-29 00:46', 'https://www.reddit.com/r/CelsiusNetwork/comments/vmzbpw/been_tracking_transactions_and_found_where/ie467kd/', 'Thats how long the btc chain takes', 'vmzbpw'], ['u/ras0ne', 26, '2022-06-29 04:39', 'https://www.reddit.com/r/CelsiusNetwork/comments/vmzbpw/been_tracking_transactions_and_found_where/ie4zji8/', '8 of them BTC are mine...fuckers...', 'vmzbpw']]], ['u/lugosi-belas-dead', 'Talent show predictions', 62, '2022-06-29 00:53', 'https://www.reddit.com/r/LoveIslandTV/comments/vn09sz/talent_show_predictions/', "Hi everyone! \n\nWanted to compare talent show predictions. I’ve written mine for everyone in the villa at the moment (but understand some of these islanders won’t still be around!) \n\n\nDami - live science experiment. Like mixing chemicals and making a tiny explosion \n\nLuca - naming types of fish. (Like the guy in Forgetting Sarah Marshall who says he can name over 200 types of fish. State fish if Hawaii? Humuhumunukunukuapua'a. Yeah, bitch!)\n\nJacques - catching a rugby ball underwhelmingly.\n\nDavide - lifting weights and saying Italian words. It’ll be effortless and lazy but also kinda the hottest. \n\nJay - bitcoin mumble rap. \n\nAndrew - reciting a poem he memorised in school. Probably Stop all the Clocks by Auden.\n\nCharlie - doing the worm again or a violin recital \n\nPaige - recovery position / first aid demo but make it sexy.\n\nGemma - dressage / horse riding without the horse. Maybe a hobby horse. \n\nEkin Su - celebrity and character impressions. Super goofy\n\nDanica - dancing. \n\nTasha - sassy tashy dancing. A bit Save the Last Dance. \n\nIndiyah - mnemonics game. Memorising a list of things on the spot. \n\n\nAntigoni - singing to promote her song cause that’s why she is in the villa tbh \n\nWhat do you think??", 'https://www.reddit.com/r/LoveIslandTV/comments/vn09sz/talent_show_predictions/', 'vn09sz', [['u/shgrdrbr', 10, '2022-06-29 00:55', 'https://www.reddit.com/r/LoveIslandTV/comments/vn09sz/talent_show_predictions/ie47cog/', "this is great i love it - curious why you've got indiyah down for a mnemonics game? not that it doesn't fit bc weirdly i can see it just that it seems so out of nowhere lol", 'vn09sz'], ['u/Far-Midnight-5247', 21, '2022-06-29 00:55', 'https://www.reddit.com/r/LoveIslandTV/comments/vn09sz/talent_show_predictions/ie47f6l/', 'Bitcoin mumble wrap stop it 🤣🤣😭', 'vn09sz'], ['u/lugosi-belas-dead', 12, '2022-06-29 00:56', 'https://www.reddit.com/r/LoveIslandTV/comments/vn09sz/talent_show_predictions/ie47hkk/', 'Haha I struggled with this for her. It’s cause she’s a waitress and my memory for lists of things became super strong when I worked as a waitress!!', 'vn09sz'], ['u/aimhighsquatlow', 12, '2022-06-29 00:56', 'https://www.reddit.com/r/LoveIslandTV/comments/vn09sz/talent_show_predictions/ie47ly7/', 'The hobby horse 🤣🤣🤣🤌🏼', 'vn09sz'], ['u/1amtheonewhoknocks', 44, '2022-06-29 01:11', 'https://www.reddit.com/r/LoveIslandTV/comments/vn09sz/talent_show_predictions/ie49i40/', 'I imagine Jacques and Luca would do some kind of cringy double act, maybe a roast or something', 'vn09sz'], ['u/lugosi-belas-dead', 21, '2022-06-29 01:21', 'https://www.reddit.com/r/LoveIslandTV/comments/vn09sz/talent_show_predictions/ie4atgp/', 'Omg and it’ll actually be really mean? And then if anyone roasts them back even slightly they’d flip? Yes perfect exactly this', 'vn09sz'], ['u/TheSlamMan69', 22, '2022-06-29 01:31', 'https://www.reddit.com/r/LoveIslandTV/comments/vn09sz/talent_show_predictions/ie4c4ew/', 'Ekin will play the piano if she has any sense.', 'vn09sz'], ['u/-manlikejamie', 49, '2022-06-29 01:31', 'https://www.reddit.com/r/LoveIslandTV/comments/vn09sz/talent_show_predictions/ie4c4th/', 'Dami - villa wide mind reading 💥', 'vn09sz'], ['u/Anonymous_HER', 14, '2022-06-29 02:15', 'https://www.reddit.com/r/LoveIslandTV/comments/vn09sz/talent_show_predictions/ie4hocx/', 'Imagine he just rips into everyone and their couples😭', 'vn09sz'], ['u/Bright_Ad_7279', 17, '2022-06-29 02:16', 'https://www.reddit.com/r/LoveIslandTV/comments/vn09sz/talent_show_predictions/ie4hw61/', 'Davide can weight lift Ekin-Su and THEN she comes back for her own solo performance bc this is no longer Love Island, this is Ekin-Su Island and she makes the rules 😁', 'vn09sz'], ['u/dancingteacups22', 10, '2022-06-29 02:21', 'https://www.reddit.com/r/LoveIslandTV/comments/vn09sz/talent_show_predictions/ie4ig6b/', 'Lol obsessed with these, especially the one for Andrew.', 'vn09sz'], ['u/TheSlamMan69', 18, '2022-06-29 02:28', 'https://www.reddit.com/r/LoveIslandTV/comments/vn09sz/talent_show_predictions/ie4jaqq/', "She's played it since she was 7 I think.", 'vn09sz'], ['u/MarboBearbo', 44, '2022-06-29 02:35', 'https://www.reddit.com/r/LoveIslandTV/comments/vn09sz/talent_show_predictions/ie4k8g3/', 'Gemma: dressage\n\nLuca: dressage horse', 'vn09sz'], ['u/badgalcc_', 27, '2022-06-29 05:16', 'https://www.reddit.com/r/LoveIslandTV/comments/vn09sz/talent_show_predictions/ie53vrn/', 'nail on the head with antigoni haha', 'vn09sz']]], ['u/MudSnout', 'Is bitcoin farm going to be illrelevant upcoming wipe?', 61, '2022-06-29 01:19', 'https://www.reddit.com/r/EscapefromTarkov/comments/vn0tgo/is_bitcoin_farm_going_to_be_illrelevant_upcoming/', 'Looking at the current value, is it even profitable to farm bitcoin? And are GPUs going to be pretty much worthless?', 'https://www.reddit.com/r/EscapefromTarkov/comments/vn0tgo/is_bitcoin_farm_going_to_be_illrelevant_upcoming/', 'vn0tgo', [['u/bagobonez2', 11, '2022-06-29 01:20', 'https://www.reddit.com/r/EscapefromTarkov/comments/vn0tgo/is_bitcoin_farm_going_to_be_illrelevant_upcoming/ie4ao77/', "If btc are the only things you're crafting then yeah they barely cover the cost of fuel. But if you're crafting stuff on work bench, lavatory, med station, water collector etc like you should be then you'll still profit.", 'vn0tgo'], ['u/GoodLuckLedge', 26, '2022-06-29 01:22', 'https://www.reddit.com/r/EscapefromTarkov/comments/vn0tgo/is_bitcoin_farm_going_to_be_illrelevant_upcoming/ie4ayco/', "Who knows?\n\nIt was nerfed to tone down the cash flow in the economy. I miss my 1.8m Roubles a day, but I love that it's far more balanced to better fit the tone of the game. Besides, what kind of PMC mines crypto anyways? Might as well have an NFT theft farm too lmao.\n\nI do miss 3 bitties a day though.", 'vn0tgo'], ['u/Byyzmo', 45, '2022-06-29 01:33', 'https://www.reddit.com/r/EscapefromTarkov/comments/vn0tgo/is_bitcoin_farm_going_to_be_illrelevant_upcoming/ie4cdzm/', 'If graphics stay in the 150/200k and given all the extra money you need to invest in it. And the time to get the investment back. \n\nFull bitcoin farm is only worth to lvl2. \n\nAfter that, it’s just for completion sake. \n\nBitcoin is in a bear market right now, prices will stay low for another year or so, and since I game bitcoin is connected to the irl one. There’s that.', 'vn0tgo'], ['u/malapropter', 25, '2022-06-29 01:46', 'https://www.reddit.com/r/EscapefromTarkov/comments/vn0tgo/is_bitcoin_farm_going_to_be_illrelevant_upcoming/ie4dylo/', '>Bitcoin is in a bear market right now, prices will stay low for another year or so\n\nlmfao', 'vn0tgo'], ['u/Byyzmo', 12, '2022-06-29 01:52', 'https://www.reddit.com/r/EscapefromTarkov/comments/vn0tgo/is_bitcoin_farm_going_to_be_illrelevant_upcoming/ie4er3e/', 'Pun was unintended, but now I see how well put it was. \n\nI maintain my stand on this one and take due credits. Lol', 'vn0tgo'], ['u/digitalpacman', 41, '2022-06-29 01:54', 'https://www.reddit.com/r/EscapefromTarkov/comments/vn0tgo/is_bitcoin_farm_going_to_be_illrelevant_upcoming/ie4f2hy/', 'Cost of cards has always reflected the cost of coin. However. The hideout upgrade costs are absolutely insane', 'vn0tgo'], ['u/floatingcolours', 30, '2022-06-29 03:05', 'https://www.reddit.com/r/EscapefromTarkov/comments/vn0tgo/is_bitcoin_farm_going_to_be_illrelevant_upcoming/ie4nxb5/', 'not sure if he was laughing at the pun or the crypto bro crystal ball market projection', 'vn0tgo'], ['u/cumquistador6969', 43, '2022-06-29 03:19', 'https://www.reddit.com/r/EscapefromTarkov/comments/vn0tgo/is_bitcoin_farm_going_to_be_illrelevant_upcoming/ie4pncu/', 'I really wish they would ditch the gimmick and just peg it to whatever they feel is balanced, or random noise within some balanced range.', 'vn0tgo'], ['u/bagobonez2', 19, '2022-06-29 04:31', 'https://www.reddit.com/r/EscapefromTarkov/comments/vn0tgo/is_bitcoin_farm_going_to_be_illrelevant_upcoming/ie4yhox/', "Yeah level 3 farm isn't worth it unless coin pr... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["Don't miss CoinDesk's Consensus 2022 , the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12. Grayscale Investments’ application to convert its $13.5 billion Grayscale Bitcoin Trust (GBTC) into a spot-based bitcoin exchange-traded fund (ETF) was denied by the Securities and Exchange Commission on Wednesday despite the company’s extensive efforts to win approval. Grayscale is owned by Digital Currency Group, which is also the parent company of CoinDesk. The SEC stated in its decision that the application failed to answer the SEC's questions about preventing market manipulation, as well as other concerns. The decision joins the SEC’s rejection on Wednesday of Bitwise’s application for approval of a spot bitcoin ETF, which is comprised of bitcoin or assets related to bitcoin's price. Like Bitwise, Grayscale initially filed its application in October but the decision was delayed multiple times as the SEC requested additional information and comment from the public. The final deadline for the SEC to render a decision on Grayscale’s application was July 6. Proponents of a spot bitcoin ETF approval have argued the product would offer a low-cost and easily accessible way for individuals and institutions to invest in bitcoin. Optimism about an approval began to grow following the approval of several bitcoin futures-based ETFs last fall, and then that of two more futures ETF approvals earlier this year based on the Securities Exchange Act of 1934 , the same act under which spot bitcoin ETFs have been filed. For its part, Grayscale has argued forcefully that it is inconsistent to approve an ETF based on bitcoin futures but not allow one based on the underlying investment. Some of its efforts have included marketing to urge members of the public to voice their support to the SEC, a May meeting with the SEC and the strengthening of its legal team with the addition of Donald B. Verrilli Jr. , who previously served as a solicitor general in the Obama administration. The denial comes as a blow not only to Grayscale, but for the broader crypto industry after a long campaign in hopes of proving to the SEC the product contained sufficient investor protections. Few analysts and observers were anticipating an approval , however, noting that SEC Chair Gary Gensler has been consistent in wanting to see more oversight of crypto exchanges before approving a spot bitcoin ETF. Investors and crypto observers will now turn their focus to what Grayscale can and will do now to win approval for a conversion. CEO Michael Sonnenshein said on June 27 the company will be “preparing for all possible post-ruling scenarios.” And on that same date, Grayscale said it would be working with market makers Jane Street and Virtu Financial to help convert GBTC into an ETF if its application was approved. GBTC was trading at an approximate 29% discount to net asset value ahead of the denial, down from 34% a week prior. View comments", "Don't miss CoinDesk'sConsensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12.\nGrayscale Investments’ application to convert its $13.5 billion Grayscale Bitcoin Trust (GBTC) into a spot-based bitcoin exchange-traded fund (ETF) was denied by the Securities and Exchange Commission on Wednesday despite the company’s extensive efforts to win approval.\nGrayscale is owned by Digital Currency Group, which is also the parent company of CoinDesk.\nThe SEC stated in itsdecisionthat the application failed to answer the SEC's questions about preventing market manipulation, as well as other concerns.\nThe decision joins the SEC’srejectionon Wednesday of Bitwise’s application for approval of a spot bitcoin ETF, which is comprised of bitcoin or assets related to bitcoin's price.\nLike Bitwise, Grayscale initiallyfiled its application in Octoberbut the decision was delayed multiple times as the SEC requested additional information and comment from the public. The final deadline for the SEC to render a decision on Grayscale’s application was July 6.\nProponents of a spot bitcoin ETF approval have argued the product would offer a low-cost and easily accessible way for individuals and institutions to invest in bitcoin. Optimism about an approval began to grow following the approval of several bitcoin futures-based ETFs last fall, and then that of two more futures ETF approvals earlier this yearbased on the Securities Exchange Act of 1934, the same act under which spot bitcoin ETFs have been filed.\nFor its part, Grayscale has argued forcefully that it is inconsistent to approve an ETF based on bitcoin futures but not allow one based on the underlying investment.\nSome of its efforts have included marketing to urge members of the public to voice their support to the SEC, aMay meetingwith the SEC and the strengthening of its legal team with theaddition of Donald B. Verrilli Jr., who previously served as a solicitor general in the Obama administration.\nThe denial comes as a blow not only to Grayscale, but for the broader crypto industry after a long campaign in hopes of proving to the SEC the product contained sufficient investor protections.\nFew analysts and observerswere anticipating an approval, however, noting that SEC Chair Gary Gensler has been consistent in wanting to see more oversight of crypto exchanges before approving a spot bitcoin ETF.\nInvestors and crypto observers will now turn their focus to what Grayscale can and will do now to win approval for a conversion. CEO Michael Sonnensheinsaid on June 27the company will be “preparing for all possible post-ruling scenarios.” And on that same date, Grayscale said it would beworking with market makers Jane Street and Virtu Financialto help convert GBTC into an ETF if its application was approved.\nGBTC was trading at an approximate 29% discount to net asset value ahead of the denial, down from 34% a week prior.", "Don't miss CoinDesk'sConsensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12.\nGrayscale Investments’ application to convert its $13.5 billion Grayscale Bitcoin Trust (GBTC) into a spot-based bitcoin exchange-traded fund (ETF) was denied by the Securities and Exchange Commission on Wednesday despite the company’s extensive efforts to win approval.\nGrayscale is owned by Digital Currency Group, which is also the parent company of CoinDesk.\nThe SEC stated in itsdecisionthat the application failed to answer the SEC's questions about preventing market manipulation, as well as other concerns.\nThe decision joins the SEC’srejectionon Wednesday of Bitwise’s application for approval of a spot bitcoin ETF, which is comprised of bitcoin or assets related to bitcoin's price.\nLike Bitwise, Grayscale initiallyfiled its application in Octoberbut the decision was delayed multiple times as the SEC requested additional information and comment from the public. The final deadline for the SEC to render a decision on Grayscale’s application was July 6.\nProponents of a spot bitcoin ETF approval have argued the product would offer a low-cost and easily accessible way for individuals and institutions to invest in bitcoin. Optimism about an approval began to grow following the approval of several bitcoin futures-based ETFs last fall, and then that of two more futures ETF approvals earlier this yearbased on the Securities Exchange Act of 1934, the same act under which spot bitcoin ETFs have been filed.\nFor its part, Grayscale has argued forcefully that it is inconsistent to approve an ETF based on bitcoin futures but not allow one based on the underlying investment.\nSome of its efforts have included marketing to urge members of the public to voice their support to the SEC, aMay meetingwith the SEC and the strengthening of its legal team with theaddition of Donald B. Verrilli Jr., who previously served as a solicitor general in the Obama administration.\nThe denial comes as a blow not only to Grayscale, but for the broader crypto industry after a long campaign in hopes of proving to the SEC the product contained sufficient investor protections.\nFew analysts and observerswere anticipating an approval, however, noting that SEC Chair Gary Gensler has been consistent in wanting to see more oversight of crypto exchanges before approving a spot bitcoin ETF.\nInvestors and crypto observers will now turn their focus to what Grayscale can and will do now to win approval for a conversion. CEO Michael Sonnensheinsaid on June 27the company will be “preparing for all possible post-ruling scenarios.” And on that same date, Grayscale said it would beworking with market makers Jane Street and Virtu Financialto help convert GBTC into an ETF if its application was approved.\nGBTC was trading at an approximate 29% discount to net asset value ahead of the denial, down from 34% a week prior.", 'Key Insights: It was a mixed session for the crypto to ten. Dogecoin (DOGE) rallied by 5.25% to buck the trend while Ethereum (ETH) and Solana (SOL) struggled. Bitcoin and the broader crypto market tracked the NASDAQ 100 through the US session. A late pullback left the crypto market with heavier losses. The total crypto market cap fell for a fourth consecutive day. An $11 billion decline left the market cap at $875 billion. It was a mixed Wednesday for the crypto market. Bitcoin ( BTC ) fell for a fourth consecutive day, with Ethereum ( ETH ) and Solana ( SOL ) struggling. Crypto market news delivered Dogecoin ( DOGE ) with support, however. Through the US session, the NASDAQ 100 led the broader crypto market into the red. However, Bitcoin and the pack failed to track a late NASAQ 100 recovery to limit the losses on the day. Total Market Cap – NASDAQ – 300622 15 Min Chart The NASDAQ 100 slipped by 0.03%, recovering a 0.70% loss from earlier in the session. For H12022, the NASDAQ 100 faces the prospect of its worst first-half yearly loss on record. Disappointing US GDP nu Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-06-30 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $382,378,981,500 - Hash Rate: 251359920.5600925 - Transaction Count: 271213.0 - Unique Addresses: 699397.0 Social & AI Sentiment: - Fear & Greed Index: 0.11 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Chinese crypto mining rig maker Canaan booked robust revenue growth in Q1 2022 despite logistical issues and supply chains disruptions from the pandemic, the company said on Thursday. See related article:SEC places Chinese crypto mining rig maker Canaan on pre-delisting list • Canaan recorded 1.36 billion yuan (US$214 million) in revenue in the first quarter, up 236.7% year-on-year, the Nasdaq-listed company said in its latestearnings report. • Its net income expanded to 441.6 million yuan from 1.2 million yuan in the same period last year. • There was a suspension of delivery logistics in March due to Covid-19 control measures, but Canaan has since resumed usual production and delivery, the rig producer said. • Earlier this month, the U.S. Securities and Exchange Commissionplaced Canaan on a pre-delisting listfor using an auditor whose working papers cannot be inspected or investigated completely by the Public Company Accounting Oversight Board. • Canaan announced in March a plan to buy back up to US$100 million worth of shares over the next two years. • As of the end of March, Canaan repurchased shares worth US$20 million from its previous buyback program approved in September. See related article:China banned Bitcoin mining and became world’s No.2 Bitcoin miner... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['• It was a bearish session for the crypto to ten, with Dogecoin (DOGE) and Ethereum (ETH) leading the way down.\n• Risk aversion swept across the global financial markets, with the crypto market closely tracking the NASDAQ 100 throughout the US session.\n• The total crypto market cap fell for a fifth consecutive day. A $9 billion fall left the market cap down by $428 billion for June.\nIt was a bearish end to the month for thecryptomarket. Bitcoin (BTC) extended its losing streak to five sessions, with Ethereum (ETH) and Dogecoin (DOGE) seeing heavy losses.\nThrough the US session, the NASDAQ 100 led the broader crypto market into the deep red.\nThe NASDAQ 100 fell by 1.33% to end June with an 8.7% loss. Bitcoin ended June down by 37%.\nRecession fears and market sentiment towards Fed monetary policy continued to weigh on riskier assets.\nUS economic data added to the market angst, with inflation pressures showing no signs of abating and personal spending lackluster.\nA bearish session saw the total crypto market cap slide from an early high of $878.9 billion to a low of $816.2 billion before a late rally.\n$9 billion came off the table, leaving the market cap down $428 billion for June.\nThe total market cap was down by more than $40 billion before a final hour rally reduced the deficit.\nOn Thursday,DOGEandETHled the way down, with losses of 4.62% and 2.64%, respectively.\nBTC (-0.93%),ADA(-1.29%), andSOL(-0.83%) also saw red, whileBNB(+0.14%) andXRP(+0.97%) saw modest gains.\nFrom theCoinMarketCaptop 100, Algorand (ALGO), AMP (AMP), and The Sandbox (SAND) were other notables on the rise.\nAMP led the way, surging by 20%.\n24-hour liquidations reflected investor sentiment on Thursday.\nThis morning, 24-hour liquidations stood at $248 million, up from Thursday morning, when liquidations had stood at $154 million.\nLiquidated traders over the last 24 hours also rose. At the time of writing, liquidated traders stood at 83,723 versus 58,096 on Thursday morning.\nHowever, One-hour liquidations eased in the final hour, aligned with a late crypto rally.\nAccording toCoinglass, one-hour liquidations stood at $3.14 million. On Thursday, one-hour liquidations had stood at $13 million. A further decline to sub-$1 million would support a bullish session.\n• CoinbaseallowedUS Federal Agency ICE to access “Geo Tracking Data.”\n• Polkadot founder Gavin Woodannounceda new blockchain governance model.\n• OpenSeareporteda major data breach.\n• Jacobi Asset Managementannouncedthe launch of the first European bitcoin ETF.\n• Microstrategyboughtthe bitcoin dip, buying $10 million in bitcoin.\n• EU parliamentannouncedan agreement on anti-money laundering regulations for cryptos.\nThisarticlewas originally posted on FX Empire\n• In Hong Kong, Xi says ‘one country, two systems’ is here to stay\n• Julius Baer settles Lithuanian-linked case for 105 million eur\n• Apple hikes Japan price of iPhone by nearly a fifth\n• In age-old ritual, Mexican mayor weds alligator to secure abundance\n• Enforcer of Hong Kong security law sworn in as city’s new leader\n• Missiles kill 17 near Odesa after Ukraine retakes Snake Island', '• It was a bearish session for the crypto to ten, with Dogecoin (DOGE) and Ethereum (ETH) leading the way down.\n• Risk aversion swept across the global financial markets, with the crypto market closely tracking the NASDAQ 100 throughout the US session.\n• The total crypto market cap fell for a fifth consecutive day. A $9 billion fall left the market cap down by $428 billion for June.\nIt was a bearish end to the month for thecryptomarket. Bitcoin (BTC) extended its losing streak to five sessions, with Ethereum (ETH) and Dogecoin (DOGE) seeing heavy losses.\nThrough the US session, the NASDAQ 100 led the broader crypto market into the deep red.\nThe NASDAQ 100 fell by 1.33% to end June with an 8.7% loss. Bitcoin ended June down by 37%.\nRecession fears and market sentiment towards Fed monetary policy continued to weigh on riskier assets.\nUS economic data added to the market angst, with inflation pressures showing no signs of abating and personal spending lackluster.\nA bearish session saw the total crypto market cap slide from an early high of $878.9 billion to a low of $816.2 billion before a late rally.\n$9 billion came off the table, leaving the market cap down $428 billion for June.\nThe total market cap was down by more than $40 billion before a final hour rally reduced the deficit.\nOn Thursday,DOGEandETHled the way down, with losses of 4.62% and 2.64%, respectively.\nBTC (-0.93%),ADA(-1.29%), andSOL(-0.83%) also saw red, whileBNB(+0.14%) andXRP(+0.97%) saw modest gains.\nFrom theCoinMarketCaptop 100, Algorand (ALGO), AMP (AMP), and The Sandbox (SAND) were other notables on the rise.\nAMP led the way, surging by 20%.\n24-hour liquidations reflected investor sentiment on Thursday.\nThis morning, 24-hour liquidations stood at $248 million, up from Thursday morning, when liquidations had stood at $154 million.\nLiquidated traders over the last 24 hours also rose. At the time of writing, liquidated traders stood at 83,723 versus 58,096 on Thursday morning.\nHowever, One-hour liquidations eased in the final hour, aligned with a late crypto rally.\nAccording toCoinglass, one-hour liquidations stood at $3.14 million. On Thursday, one-hour liquidations had stood at $13 million. A further decline to sub-$1 million would support a bullish session.\n• CoinbaseallowedUS Federal Agency ICE to access “Geo Tracking Data.”\n• Polkadot founder Gavin Woodannounceda new blockchain governance model.\n• OpenSeareporteda major data breach.\n• Jacobi Asset Managementannouncedthe launch of the first European bitcoin ETF.\n• Microstrategyboughtthe bitcoin dip, buying $10 million in bitcoin.\n• EU parliamentannouncedan agreement on anti-money laundering regulations for cryptos.\nThisarticlewas originally posted on FX Empire\n• In Hong Kong, Xi says ‘one country, two systems’ is here to stay\n• Julius Baer settles Lithuanian-linked case for 105 million eur\n• Apple hikes Japan price of iPhone by nearly a fifth\n• In age-old ritual, Mexican mayor weds alligator to secure abundance\n• Enforcer of Hong Kong security law sworn in as city’s new leader\n• Missiles kill 17 near Odesa after Ukraine retakes Snake Island', 'Key Insights: It was a bearish session for the crypto to ten, with Dogecoin (DOGE) and Ethereum (ETH) leading the way down. Risk aversion swept across the global financial markets, with the crypto market closely tracking the NASDAQ 100 throughout the US session. The total crypto market cap fell for a fifth consecutive day. A $9 billion fall left the market cap down by $428 billion for June. It was a bearish end to the month for the crypto market. Bitcoin ( BTC ) extended its losing streak to five sessions, with Ethereum ( ETH ) and Dogecoin ( DOGE ) seeing heavy losses. Through the US session, the NASDAQ 100 led the broader crypto market into the deep red. The NASDAQ 100 fell by 1.33% to end June with an 8.7% loss. Bitcoin ended June down by 37%. Recession fears and market sentiment towards Fed monetary policy continued to weigh on riskier assets. US economic data added to the market angst, with inflation pressures showing no signs of abating and personal spending lackluster. Total Market Cap – NASDAQ – 010722 5 Min Chart The Total Crypto Market Cap Falls for a Fifth Consecutive Day A bearish session saw the total crypto market cap slide from an early high of $878.9 billion to a low of $816.2 billion before a late rally. $9 billion came off the table, leaving the market cap down $428 billion for June. The total market cap was down by more than $40 billion before a final hour rally reduced the deficit. Total Market Cap 010722 Daily Chart The Crypto Market Movers and Shakers from the Top Ten and Beyond On Thursday, DOGE and ETH led the way down, with losses of 4.62% and 2.64%, respectively. BTC (-0.93%), ADA (-1.29%), and SOL (-0.83%) also saw red, while BNB (+0.14%) and XRP (+0.97%) saw modest gains. From the CoinMarketCap top 100, Algorand ( ALGO ), AMP ( AMP ), and The Sandbox ( SAND ) were other notables on the rise. AMP led the way, surging by 20%. Total Crypto Liquidations Reflect the Bearish Market Sentiment 24-hour liquidations reflected investor sentiment on Thursday. This morning, 24-hour liquidations stood at $248 million, up from Thursday morning, when liquidations had stood at $154 million. Story continues Liquidated traders over the last 24 hours also rose. At the time of writing, liquidated traders stood at 83,723 versus 58,096 on Thursday morning. However, One-hour liquidations eased in the final hour, aligned with a late crypto rally. Total Market Cap 010722 Hourly Chart According to Coinglass , one-hour liquidations stood at $3.14 million. On Thursday, one-hour liquidations had stood at $13 million. A further decline to sub-$1 million would support a bullish session. Total Crypto Liquidations 010722 Daily News Highlights Coinbase allowed US Federal Agency ICE to access “Geo Tracking Data.” Polkadot founder Gavin Wood announced a new blockchain governance model. OpenSea reported a major data breach. Jacobi Asset Management announced the launch of the first European bitcoin ETF. Microstrategy bought the bitcoin dip, buying $10 million in bitcoin. EU parliament announced an agreement on anti-money laundering regulations for cryptos. This article was originally posted on FX Empire More From FXEMPIRE: In Hong Kong, Xi says ‘one country, two systems’ is here to stay Julius Baer settles Lithuanian-linked case for 105 million eur Apple hikes Japan price of iPhone by nearly a fifth In age-old ritual, Mexican mayor weds alligator to secure abundance Enforcer of Hong Kong security law sworn in as city’s new leader Missiles kill 17 near Odesa after Ukraine retakes Snake Island', "Don't miss CoinDesk'sConsensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12.\nInvestmen Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-07-01 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $368,307,713,562 - Hash Rate: 196972101.49153444 - Transaction Count: 271874.0 - Unique Addresses: 714094.0 Social & AI Sentiment: - Fear & Greed Index: 0.11 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: • Stocks fell Thursday, with the S&P 500 moving closer to a bear market. • Weekly jobless claims rose by 21,000 to 21,8000, the highest level since January. • Oil prices were lower and yields fell. Stocks fell Thursday, adding to steep losses as economic growth concerns were underscored by a rise in weekly jobless, leaving investors to keep watch on S&P 500 as it moved closer to bear market territory. The S&P 500 was looking at a second day of losses following the release of US labor market data. Weekly jobless claims rose by 21,000 to 218,000, with the highest figure since January at hinting at some weakness in the job market. The state of the retail sector was also on the minds of investors after Kohl's slashed its full-year outlook. The S&P 500 was moving closer to a bear market. A decline to 3834.83 would mark at 20% drop from its all-time high of 4,818.62 that it logged in early January. Here's where US indexes stood at 9:30 a.m. on Thursday: • S&P 500:3,893.03, down 0.78% • Dow Jones Industrial Average:31,159.38, down 1.05% (330.69 points) • Nasdaq Composite:11,384.60, down 0.4% Around the markets, Cathie Wood says it's 'ridiculous' thatTeslagotbooted out of the S&P 500's ESG index. The crash of TerraUSD will be followed by more cryptocurrency failures,warned SEC chief Gary Gensler. Oil prices fell.West Texas Intermediate crudelost 3.9% to $105.30 per barrel.Brent crude,the international benchmark, gained 2.9% to $105.91. Goldgained 1.2% to $1,837.50 per ounce. The10-year yielddropped 11 basis points to 2.78%. Bitcoinrose 1.1% to $29,536.81. Read the original article onBusiness Insider... - Reddit Posts (Sample): [['u/thefiexpl', 'Falling Stars \| Monthly FIRE Portfolio Update \| June 2022', 40, '2022-07-01 00:10', 'https://www.reddit.com/r/fiaustralia/comments/vokdwn/falling_stars_monthly_fire_portfolio_update_june/', 'Begin doing what you want to do now. We are not living in eternity. We have only this moment, sparkling like a star in our hand and melting like a snowflake.\n\n-Sir Francis Bacon\n\nThis is my sixty-seventh monthly portfolio update. I complete this regular update to check progress against my goal.\n\nPortfolio goal\n\nMy objective is to maintain a portfolio of at least $2,620,000 through 2022. This should be capable of producing an annual income from total portfolio returns of about $91,600 (in 2022 dollars).\n\nThis portfolio objective is based on an assumed safe withdrawal rate of 3.5 per cent.\n\nA secondary focus through 2022 will be achieving the minimum equity target of $2,100,000.\n\nPortfolio summary\n\n* Vanguard Lifestrategy High Growth Fund\t$722,974\n\n* Vanguard Lifestrategy Growth Fund\t$38,832\n\n* Vanguard Lifestrategy Balanced Fund\t$70,238\n\n* Vanguard Diversified Bonds Fund\t$88,101\n\n* Vanguard Australian Shares ETF (VAS)\t$345,217\n\n* Vanguard International Shares ETF (VGS)\t$318,198\n\n* Betashares Australia 200 ETF (A200)\t$262,967\n\n* Telstra shares (TLS)\t$2,052\n\n* Insurance Australia Group shares (IAG)\t$5,524\n\n* NIB Holdings shares (NHF)\t$8,856\n\n* Gold ETF (GOLD.ASX)\t$119,070\n\n* Secured physical gold\t$18,961\n\n* Plenti (P2P lending)\t$12\n\n* Bitcoin\t$313,070\n\n* Raiz app (Aggressive portfolio)\t$18,915\n\n* Spaceship Voyager app (Index portfolio)\t$3,110\n\n* BrickX (P2P rental real estate)\t$4,719\n\n* Total portfolio value\t$2,340,816 (-$281,221)\n\nAsset allocation\n\n* Australian shares\t39.6%\n\n* Global shares\t28.1%\n\n* Emerging market shares\t1.7%\n\n* International small companies\t2.1%\n\n* Total international shares\t32.0%\n\n* Total shares\t71.6% (-8.4%)\n\n* Total property securities\t0.2% (+0.2%)\n\n* Australian bonds\t2.7%\n\n* International bonds\t6.2%\n\n* Total bonds\t8.9% (+3.9%)\n\n* Gold\t5.9%\n\n* Bitcoin\t13.4%\n\n* Gold and alternatives\t19.3% (+4.3%)\n\nPresented visually, the chart below is a high-level view of the current asset allocation of the portfolio.\n\n[Chart]\n\nComments\n\nThis month has seen the third largest decline in the portfolio since this record began in 2017 – with a loss in total value of over $281,000.\n\nThese falls follow two previous consecutive monthly losses, marking an unprecedented period of continuous losses extending since April.\n\nOverall, the portfolio lost 10.7 per cent of its starting value in the past month. This has drawn it back to levels last seen in early 2021.\n\nThe portfolio has consequently fallen below the revised portfolio goal of $2.62 million at the end of the month, meaning the notional option to cease paid work has evaporated quickly, and perhaps for some time.\n\n[Chart]\n\nJust over one-third of the losses this month occurred in the traditional assets of equities, with some additional losses in fixed interest. A little less than two-thirds of the monthly fall in value is a function of some major price falls in the Bitcoin portfolio (of around 36 per cent).\n\nAustralian equities were one of the areas of most substantial losses, with falls of around 8.5 per cent. By comparison, international equities (and particularly US equities on an unhedged basis) fell around 5.0 per cent.\n\nBonds continued to perform poorly, losing around 2.7 per cent, while gold holdings slightly increased in value (around 2 per cent).\n\n[Chart]\n\nThe portfolio losses this month reflect ongoing global pessimism around the capacity of major developed and emerging economies to curb strong inflationary pressures without inducing a slow down or recession in the real economy – with consequent adverse impacts on asset markets.\n\nPolicymakers are increasingly recognising that the set of tools available to them at this point in an unusual type of economic cycle are ill-suited to addressing the challenges of supply chain disruption and potential wage-cost inflation spirals.\n\nSome advanced economies remain firmly in the mode of monetary expansion, while other monetary authorities are enacting or inducing substantial tightenings of credit conditions.\n\nExpected higher inflation and interest rates have impacted on equity markets, and might be expected to continue to present problems from here, unless a clearer path to more stable price levels becomes apparent. Rising nominal corporate debt costs also signal potential future sources of instability, or unpleasant periods (video) ahead.\n\nDespite recent sharp falls in Australian equities bringing the medium-term objective of reaching an equal allocation of Australian and international equities closer, domestic equities still make up 55 per cent of total equities.\n\nIn other words, large falls in Australian equities this month have ironically slightly assisted in moving closer to the asset allocation target. To further support this, investments this month have continued to be focused on the Vanguard international shares ETF (VGS).\n\nTracking the positions – updating quarterly and half-year distributions\nThe end of June provides an opportunity to look forward to the crystallisation of two quarters of portfolio distributions, based on projections and early guidance, and set up a later comparison of distributions payments against previous expectations.\n\nIn early July second quarter distributions will be finalised and paid.\n\nUsing the history of average payouts on a ‘cents per unit’ basis for the Vanguard retail funds, it is possible to forecast what an average set of distributions could look, and compare these to past years. In the case of the three exchange traded funds (VAS, VGS and A200), these have just released draft guidance on estimated distributions in the past week.\n\nThe chart below sets out estimated second quarter (i.e. April-June) distributions, based on the above published distribution estimates and past averages.\n\n[Chart]\n\nSo far, second quarter distributions are about $13,000 higher than were expected in April due to higher than average distributions from Australian equity ETFs (A200 and VAS). As a result, this quarter total portfolio distributions are expected to be around $66,000.\n\nA major sensitivity in the final overall result will be the eventual level of the Vanguard High Growth Fund retail fund distributions – as this is forecast to constitute over 60 per cent of the final second quarter payments.\n\nThe actual payouts from this fund will be influenced by capital gains distributions – in part arising from investors’ investments or redemptions this quarter – and so is variable.\n\nTo the extent that the Vanguard High Growth retail fund has an exposure to indexed Australian equities similar to the A200 and VAS exchange traded funds, actual distributions from it may turn out to be higher than the estimates made here.\n\nThe completion of the first quarter, and these second quarter projections, allow an updated glimpse of possible first half-year (i.e. 1 January to 30 June 2022) distributions.\n\nThe chart below sets out current estimates for this period in 2022 compared to historical levels.\n\n[Chart]\n\nFrom this it can be seen that half-year distributions of around $78,000 are expected, again above prior estimates in April.\n\nAs with the second quarter distributions, the Vanguard High Growth retail fund plays an outsized role, representing on average around 50 per cent of expected distributions, so the actual payouts for this fund will be a major determinant of final results.\n\nChanging currents – tracking the level of portfolio distributions year by year\n\nA different perspective on the evolution of distributions through time can be obtained by looking at the trend in the level of distributions across each quarter on a consecutive yearly basis.\n\nThe chart below does this covering the period of this record. Prior to 2017, there were essentially no significant distributions in either the March or September quarters (Q1 or Q3), aside from irregular payouts from the Vanguard bond retail fund.\n\nThe orange hashed bar for the second quarter of 2022 reflects the unfinalised state of these distributions.\n\n[Chart]\n\nFrom this perspective, a few observations are possible:\n\n* There has been strong growth in March (Quarter 1) and September (Quarter 3) distributions, associated with increasing exposure to the exchange traded funds paying out in those periods\n\n* These March and September distributions have had smoother path of growth, potentially reflecting their lower capital gains components and the relatively greater tax efficiency of the ETF structure compared to the legacy Vanguard retail index funds\nJune distributions remain consistently the most significant, and also variable in absolute terms\n\n* Over the past five years, the ‘evenness’ of distributions through the year has improved, with $20,000 of distributions now occurring outside of the main June and December distributions.\n\nTrends in average distributions and expenses\n\nThis month average total expenses continued to rise from the lows of earlier this year.\n\nIn a change to past approaches, I have updated the method of estimating the moving average of distributions. This has changed the apparent direction of the blue line denoting distributions over the past several months. The way of calculating red line of total expenses remains unchanged.\n\nLast month the blue line of the distributions estimate was pointing down. Mathematically, this is because some ‘holding’ estimates I had placed in there for the first half of this year represented essentially out of date projections based on either past averages of the relevant half-years, or annual estimates divided into monthly sub-totals.\n\nWith more data and furth... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Key Insights: Trading, deposits, and withdrawals were halted at 14:00 EDT on July 1. The company blames a loan default by crypto hedge fund Three Arrows Capital. Voyager is the latest to suspend withdrawals, citing current market turmoil. On July 1, Voyager Digital announced that it suspended trading, deposits, withdrawals, and loyalty rewards, effective at 14:00 EDT. It has become the latest major crypto firm to suffer due to extreme market conditions. Stephen Ehrlich, CEO of the crypto lending company, said, \x93This was a tremendously difficult decision, but we believe it is the right one given current market conditions,\x94 He added that the move gives the firm additional time to \x93continue exploring strategic alternatives with various interested parties\x94 while preserving the platform\x92s value. 3AC Default to Blame The company had previously stated that its subsidiary, Voyager Digital LLC, issued a notice of default to Three Arrows Capital (also known as 3AC) on June 29 for failure to repay loans. Singapore-based 3AC, one of the industry\x92s largest crypto-focused hedge funds, had borrowed 15,250 BTC and $350 million USDC from Voyager. Voyager stated it was \x93actively pursuing all available remedies for recovery from 3AC, including through the court-ordered liquidation process in the British Virgin Islands.\x94 Voyager is actively pursuing all available remedies for recovery from 3AC, including through the court-ordered liquidation process in the British Virgin Islands. \x97 Stephen Ehrlich (@Ehrls15) July 1, 2022 The company has tapped Moelis & Company and The Consello Group as financial advisors, and Kirkland & Ellis LLP as legal advisors. Voyager also provided several financial and balance sheet updates, in accordance with Canadian Securities Laws. On June 22, Voyager announced that it had entered into a loan agreement with Alameda Ventures to alleviate some of its exposure to 3AC. The \x93definitive agreement\x94 with Alameda involved a \x93revolver\x94 of $200 million in cash and USDC and a 15,000 BTC loan. Story continues Alameda indirectly holds more than 22 million common shares of Voyager, representing around 11.56% of the outstanding Common and Variable Voting Shares. Voyager share (VYGVF) prices plunged as much as 40% on Friday after the trading suspension announcement. On June 30, the Monetary Authority of Singapore (MAS) reprimanded Three Arrows Capital for providing false information and exceeding the assets under management (AUM) threshold. Voyager Digital joins the likes of Celsius and CoinFLEX , which have also halted withdrawals for their customers amid the current market turmoil. Crypto Markets Still Sliding The bad news keeps flowing in the crypto industry, resulting in rock bottom market sentiment. The total crypto market capitalization has retreated a further 4% over the past 24 hours, falling to just over $900 billion. Over the past month, crypto markets have lost 34%, or $467 billion, and are currently down 70% from peak levels last November. Bitcoin ( BTC ) was struggling at $19,274, and Ethereum ( ETH ) had lost more than 4% in a fall to $1,057 at the time of writing. It is unlikely that there will be any return of positive sentiment or price action until all of this leverage is finally flushed out of crypto markets. This article was originally posted on FX Empire More From FXEMPIRE: Texas, Ohio top courts allow abortion bans to take effect Russian missile strikes near Ukraine\x92s Odesa kill 21 Crypto Market Daily Highlights \x96 ADA, BTC, ETH, and SOL Extend Losses New York bans guns in many public places after Supreme Court ruling Hamburg senator warns of hot water rationing if gas shortage becomes acute Mexico\x92s environment ministry denies permit for Audi solar plant', '• Trading, deposits, and withdrawals were halted at 14:00 EDT on July 1.\n• The company blames a loan default by crypto hedge fund Three Arrows Capital.\n• Voyager is the latest to suspend withdrawals, citing current market turmoil.\nOn July 1, Voyager Digital announced that it suspended trading, deposits, withdrawals, and loyalty rewards, effective at 14:00 EDT. It has become the latest major crypto firm to suffer due to extreme market conditions.\nStephen Ehrlich, CEO of the crypto lending company, said, “This was a tremendously difficult decision, but we believe it is the right one given current market conditions,”\nHeaddedthat the move gives the firm additional time to “continue exploring strategic alternatives with various interested parties” while preserving the platform’s value.\nThe company had previously stated that its subsidiary, Voyager Digital LLC, issued a notice of default to Three Arrows Capital (also known as 3AC) on June 29 for failure to repay loans.\nSingapore-based 3AC, one of the industry’s largest crypto-focused hedge funds, had borrowed 15,250 BTC and $350 million USDC from Voyager.\nVoyager stated it was “actively pursuing all available remedies for recovery from 3AC, including through the court-ordered liquidation process in the British Virgin Islands.”\nThe company has tapped Moelis & Company and The Consello Group as financial advisors, and Kirkland & Ellis LLP as legal advisors. Voyager also provided several financial and balance sheet updates, in accordance with Canadian Securities Laws.\nOn June 22, Voyagerannouncedthat it had entered into a loan agreement with Alameda Ventures to alleviate some of its exposure to 3AC. The “definitive agreement” with Alameda involved a “revolver” of $200 million in cash and USDC and a 15,000 BTC loan.\nAlameda indirectly holds more than 22 million common shares of Voyager, representing around 11.56% of the outstanding Common and Variable Voting Shares.Voyager share (VYGVF) pricesplunged as much as 40% on Friday after the trading suspension announcement.\nOn June 30, the Monetary Authority of Singapore (MAS)reprimandedThree Arrows Capital for providing false information and exceeding the assets under management (AUM) threshold.\nVoyager Digital joins the likes ofCelsiusandCoinFLEX, which have also halted withdrawals for their customers amid the current market turmoil.\nThe bad news keeps flowing in the crypto industry, resulting in rock bottom market sentiment. The total crypto market capitalization has retreated a further 4% over the past 24 hours, falling to just over $900 billion.\nOver the past month, crypto markets have lost 34%, or $467 billion, and are currently down 70% from peak levels last November.\nBitcoin (BTC) was struggling at $19,274, and Ethereum (ETH) had lost more than 4% in a fall to $1,057 at the time of writing.\nIt is unlikely that there will be any return of positive sentiment or price action until all of this leverage is finally flushed out of crypto markets.\nThisarticlewas originally posted on FX Empire\n• Texas, Ohio top courts allow abortion bans to take effect\n• Russian missile strikes near Ukraine’s Odesa kill 21\n• Crypto Market Daily Highlights – ADA, BTC, ETH, and SOL Extend Losses\n• New York bans guns in many public places after Supreme Court ruling\n• Hamburg senator warns of hot water rationing if gas shortage becomes acute\n• Mexico’s environment ministry denies permit for Audi solar plant', 'Key Insights: It was a bearish Friday session for the crypto to ten, with Cardano (ADA), bitcoin (BTC), Ethereum (ETH), and Solana (SOL) extending their losing streaks to six sessions. The crypto market tracked the NASDAQ 100, which eked out a 0.90% gain, before a post-US close sell-off. The total crypto market cap fell for a sixth consecutive day. A $19.6 billion fall left the market cap at $846.2 billion. It was a bearish start to the month for the crypto market. Bitcoin ( BTC ) extended its losing streak to six sessions, with Cardano ( ADA ), Ethereum ( ETH ), and Solana ( SOL ) also seeing red for six consecutive days. While there were no catalysts to send the crypto market into the red, news of the EU agreeing to a comprehensive regulatory framework may have tested support. A bullish start to the Friday session was short-lived, with a choppy session in the US equity markets leaving the crypto market on the back foot. On Friday, the NASDAQ 100 rose by 0.90% to end the week down by 4.13%. Monday through Friday, bitcoin fell by 8.48%. A late Friday relief rally provided crypto support before a post-US market close sell-off. Fears of a recession and investor sentiment toward monetary policy continued to weigh. US economic data added to the bearish sentiment. In June, the ISM Manufacturing PMI fell from 56.1 to 53.0 versus a forecasted decline to 54.9. Total Market Cap – NASDAQ – 020722 5 Min Chart The Total Crypto Market Cap Falls for a Sixth Consecutive Day A choppy session saw the total crypto market cap rise to a high of $894.2 billion before sliding to a low of $835.1 billion. Finding support from the late NASDAQ rebound, the crypto market cap revisited $862 billion before hitting reverse. $19.6 billion came off the table to leave the market cap at $846.21 billion. Total Market Cap 020722 Daily Chart The Crypto Market Movers and Shakers from the Top Ten and Beyond On Friday, DOGE broke the top ten crypto trend, rising by 0.24%. However, it was a bearish session for the rest of the top ten. XRP slid by 5.72% to lead the way down, with BTC falling by 3.31%. Story continues ADA (-2.61%), BNB (-1.41%), ETH (-1.17%), and SOL (-2.71%) also struggled. From the CoinMarketCap top 100, Basic Attention Token ( BAT ), Curve DAO Token ( CRV ), Cosmos ( ATOM ), and Monero ( XMR ) also saw gains on the day. CRV led the way, rallying by 8.55%. Total Crypto Liquidations Reflect the Bearish Market Sentiment 24-hour liquidations reflected improving market conditions going into the weekend. This morning, 24-hour liquidations stood at $107 million, down from $248 million on Friday morning. Liquidated traders over the last 24 hours also declined. At the time of writing, liquidated traders stood at 36,758 versus 83,723 on Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-07-02 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $367,311,027,600 - Hash Rate: 202851865.7151624 - Transaction Count: 235096.0 - Unique Addresses: 614214.0 Social & AI Sentiment: - Fear & Greed Index: 0.14 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Don't miss CoinDesk'sConsensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12. Good morning. Here’s what’s happening: Prices:Bitcoin and other major cryptos take a late dive. Insights:Hong Kong is hardly laissez-faire when it comes to crypto. Technician's take:BTC's current price range remains intact after several weeks of negative returns. Catch the latest episodes ofCoinDesk TVfor insightful interviews with crypto industry leaders and analysis. Andsign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context. Bitcoin (BTC):$29,515 -5.3% Ether (ETH):$1,752 -6.5% [{"Asset": "Solana", "Ticker": "SOL", "Returns": "+2.2%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cardano", "Ticker": "ADA", "Returns": "+1.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Bitcoin", "Ticker": "BTC", "Returns": "+0.9%", "DACS Sector": "Currency"}] [{"Asset": "Internet Computer", "Ticker": "ICP", "Returns": "\u22124.6%", "DACS Sector": "Computing"}, {"Asset": "Polkadot", "Ticker": "DOT", "Returns": "\u22123.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Litecoin", "Ticker": "LTC", "Returns": "\u22123.3%", "DACS Sector": "Currency"}] S&P 500: 4,121 +0.3% DJIA: 32,915 +0.05% Nasdaq: 12,061 +0.4% Gold: $1,842 -0.5% Bitcoin and Other Cryptos Take a Late Dive Crypto investors were feeling more confident for much of Monday, sending Bitcoin over the $31,000 level for the first time in six days before the largest cryptocurrency by market capitalization took a late dive. Bitcoin was recently trading at about $29,500, down 5% over the past 24 hours. Ether, the second largest crypto by market cap, was changing hands at roughly $1,730, down about 6% over the same period. Other major altcoins that had risen significantly earlier in the day, including SOL and ADA were more in the red, as investors wrestled with the months-long flow of more troubling news. Still, a number of analysts said that Bitcoin was unlikely to take any deeper drops for the time being. "I think we may be putting in a bottom here with Bitcoin," Greg King, CEO and founder of crypto asset manager Osprey Funds, told CoinDesk's First Mover program. King noted that the presence of institutional investors has differentiated the latest price slump from previous crypto winters in 2013 and 2018 when bitcoin lost over 80% of its value. Bitcoin has currently dropped about 60% since hitting its all-time peak just short of $70,000 in November. "Institutional buyers are buying this dip and then don't forget the macro environment," King said, noting the four-decade high inflation rate in the U.S. "Zero yield assets such as gold and Bitcoin do very well" at these times, he added. Stocks rose slightly on Monday with the tech-focused Nasdaq and S&P 500 increasing about a half percentage point, as was the case for the Dow Jones Industrial Average. Gold, a traditional safe-haven asset, fell about a half-percentage point. Investors were buoyed by last week's job report that suggested the economy might not plunge into recession any time soon. Some analysts also believe that inflation has peaked, although markets will be nervously eyeing this Friday's consumer price index report, which is expected to show inflation remaining stubbornly above 8%, a four-decade high. Volatility continued to fade in crypto markets, while the fear and greed index ticked higher, although it is still registering squarely in extreme fear territory. Bitcoin has been trading in a tight range between $28,000 and $31,500 for the past month as investors wait for clearer signals about whether the economy will sink into recession or power through its current headwinds. King believes the increasing correlation between cryptos and stocks will reverse to some degree, calling it a "reflection of this kind of wild situation in macro markets where we have awful conditions and so it's more of a risk-on, risk-off type of mindset." "I personally think that crypto will emerge as – certainly things like Bitcoin – as a relative safe haven as we continue to chop through an uncertain macro environment and especially if rates continue to rise and equities continue to tank, but I don't think that a long term correlation makes a lot of sense," he said. Hong Kong Is Hardly Laissez-Faire When It Comes to Crypto Hong Kong’s political freedom has eroded thanks to Beijing, though its laissez-faire economics – which have won accolades from the likes of Cato and theHeritage Foundationas the "world’s freest economy" – are still in its DNA. For crypto, this isn’t the case. There are rules aplenty. The Hong Kong Securities and Futures Commission’s (SFC)issueda memo this week reminding investors about the inherent risks of non-fungible tokens (NFT). “As with other virtual assets, NFTs are exposed to heightened risks, including illiquid secondary markets, volatility, opaque pricing, hacking and fraud. Investors should be mindful of these risks, and if they cannot fully understand them and bear the potential losses, they should not invest in NFTs,” the SFC wrote. All of which is true. But the problem is this looks like the beginning of a regulatory push into the NFT market by the SFC, which currently says that most NFTs fall outside its regulatory remit. And when the SFC regulates crypto, it takes a heavy hand. This severity is ironic considering the accolades that Hong Kong has received by the likes of Koch Foundation-funded Cato, which advocates for less economic regulation. Consider the SFC’s prohibitionon non-accredited investors trading crypto at exchanges. If this were the case in the United States, Coinbase (COIN) wouldn’t have a business model; its total market would belimited tothe 13.6 million accredited investors in the country. For all the criticism the U.S. Securities and Exchange Commission has gotten about harming domestic innovation because of restrictive rules on crypto, banning non-accredited investors from trading crypto is something even SEC head Gary Gensler wouldn’t do. Then there are Hong Kong’s murky rules on crypto infrastructure. Stakeholders havepreviously complainedthat the rules spread across too many different agencies for things like custody.Some critics haveeven called it a “double standard.” The Hong Kong Monetary Authority, its central bank, onlyrecently greenlitcrypto companies to open bank accounts – provided they only interact with accredited investors. All this was too much for Sam Bankman-Fried and FTX.The crypto exchangethat once called Hong Kong home decamped for the Bahamas in September, citing Hong Kong’s hostility towards crypto and never-ending quarantine regime. For the world’s freest economy, there sure are a lot of heavy-handed rules regarding the future of finance. NFTs are likely to be next. Bitcoin Bounces Above $27K-$30K Support Zone; Resistance at $33K-$35K Bitcoin (BTC) experienced another relief bounce over the past 24 hours, similar to what occurred last weekend. The cryptocurrency is holdingsupportabove $27,000 and $30,000, which could keep short-term buyers active. BTC is up by 4% over the past 24 hours and is down by 1% over the past week. That suggests the current price range remains intact, which is typical after several weeks of negative returns. The recent downtrend in price has stabilized above the May 12 low at $25,338, which contributed to rising momentum on the daily chart. For example, the 14-day relative strength index (RSI) returned above the 50 neutral mark Monday after reaching extreme oversold levels on May 9. Still, momentum remains negative on the weekly and monthly charts, which means an upswing in BTC could be limited. The nextresistancezone is between $33,000 and $35,000. U.S. Senate Homeland Security & Governmental Affairs hearing: Rising Threats:Ransomware Attacks and Ransom Payments Enabled by Cryptocurrency 12 p.m. HKT/SGT(4 a.m. UTC):Reserve Bank of Australia interest rate decision and statement 4 p.m. HKT/SGT (8 a.m. UTC): China foreign exchange reserves (MoM/May) CoinDesk's Consensus convention begins on June 9 and will run for three days. You can find an agenda and list of speakershere. In case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV: Discord Privacy Questioned After Bored Apes NFT Theft, Bitcoin Bounce, NY Mining Moratorium Josh Fraser, Origin Protocol co-founder, joined "First Mover" to discuss the Yuga Labs' Discord hack that led to the theft of non-fungible tokens worth a total of 200 ETH. Plus, Greg King of Osprey Funds provided crypto analysis, and BaSIC President Clark Vaccaro discussed the implications of the New York mining moratorium. US Regulators Investigating Binance’s BNB Token: Report:The SEC is looking into whether the crypto exchange should have registered the initial coin offering of Binance coin as a security, according to Bloomberg. Decentralized Exchanges Beat Centralized Counterparts for On-Chain Flows:Chainalysis: The data raises questions about regulation surrounding DEXs. Yuga Labs Confirms Discord Server Hack; 200 ETH Worth of NFTs Stolen:The company behind the Bored Apes NFTs made the disclosure 11 hours after word of the exploit surfaced on Twitter. Binance Labs Invests in PancakeSwap, CAKE Jumps Nearly 10%:Despite the rally, the token is still 36% below $7.46 a month ago after a challenging May for the crypto markets. Consensus Festival Guide: Creator Summit, NFTs and Music:What not to miss this week at Consensus if you're into crypto-related creativity. We have you covered! The Meme Economy:Those who grasp the memetic nature of not only crypto but all value can gain immense power from understanding natural flows of meaning. This piece is a preview of a talk to be given on the Big Ideas stage at Consensus 2022. Today's crypto explainer:Everything You Always Wanted to Know About the Metaverse (but Were Afraid to Ask) Other voices:The arrest heard ’round the crypto world Coinbase’s decis... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Key Insights: It was a mixed Saturday session for the crypto to ten, with bitcoin (BTC) bucking the top ten trend. News of 3AC filing for bankruptcy, Voyager Digital suspending withdrawals, and rumors pegged back the majors, however. However, the total crypto market cap rose for the first time in seven sessions. A $2.28 billion increase took the market cap to $848.5 billion. It was a mixed Saturday for the crypto market. Bitcoin ( BTC ) extended its losing streak to seven sessions with a modest 0.12% loss. Cardano ( ADA ), Ethereum ( ETH ), and Solana ( SOL ) rose for the first time in seven sessions. The broader-based gains came despite the crypto market getting hit with news of Three Arrows Capital (3AC) filing for bankruptcy and Voyager digital suspending withdrawals. Relative to the losses at the turn of the quarter, however, the gains were modest, with downside risks firmly in place. Market headwinds include fears of a recession, sentiment towards monetary policy, and the evolving regulatory landscape, though the regulatory environment could improve for some jurisdictions. In the US, the successful passage of the Lummis and Gillibrand bill could prove crypto-friendly, should lawmakers task the CFTC with regulating the digital asset space. The Total Crypto Market Cap Sees End of Six Day Losing Streak A bearish start to the day raised the prospect of a seventh consecutive session in the red before an afternoon recovery. The total crypto market cap fell to a low of $832.5 billion before rising to a high of $858.1 billion. Total Market Cap 030722 Daily Chart Following a modest $2.28 billion rise, the total crypto market cap was down $17 billion for July. The Crypto Market Movers and Shakers from the Top Ten and Beyond BTC slipped by 0.12% to buck the top ten trend. However, it was a relatively bullish day for the rest. ADA rose by 1.56% to lead the way, with SOL ending the day up 1.55%. BNB (+0.65%) DOGE (+0.23%), ETH (+0.76%), and XRP (+0.60%) also avoided the red. From the CoinMarketCap top 100, NEM ( XEM ) led the way, surging by 25.7%. Other notables included Synthetix ( SNX ), Tezos ( XTZ ), and Flow ( FLOW ). Story continues SNX rallied by 16.8%, with XTZ and FLOW seeing gains of 5.4% and 5.6%, respectively. However, AMP ( AMP ) and STEPN ( GMT ) were at the other end of the table, falling by 3.39% and 2.31%, respectively. Total Crypto Liquidations Slide as Cryptos Find Support 24-hour liquidations continued to reflect improving market conditions going into Sunday. This morning, 24-hour liquidations stood at $58.2 million, down from $107 million on Saturday morning. Liquidated traders over the last 24 hours also declined. At the time of writing, liquidated traders stood at 22,104 versus 36,758 on Saturday morning. However, one-hour liquidation figures reflected a late crypto pullback. According to Coinglass , one-hour liquidations had fallen to sub-$0.300 million before moving back through the $1 million mark. However, standing at $1.07 million, conditions improved from one-hour liquidations of $2.44 million on Saturday. Total Crypto Liquidations 030722 Daily News Highlights Voyager Capital (VOYG) suspended deposits and withdrawals, citing the 3AC default. The Columbian government launched the National Land Registry on the XRP Ledger (XRPL). KuCoin ( KCS ) CEO Johnny Lyu denied rumors of KuCoin planning to freeze withdrawals. This article was originally posted on FX Empire More From FXEMPIRE: Ryanair cabin crew in Spain announce 12 more days of strikes Taliban’s large gathering ends with calls for international recognition Uzbekistan scraps plans to curb Karakalpak autonomy after protest Argentina economy minister, IMF deal architect, quits as government crisis builds US Mortgage Rates Hit Reverse on US Economic Uncertainty KDDI aims to restore service Sunday after 40 million users affected', '• It was a mixed Saturday session for the crypto to ten, with bitcoin (BTC) bucking the top ten trend.\n• News of 3AC filing for bankruptcy, Voyager Digital suspending withdrawals, and rumors pegged back the majors, however.\n• However, the total crypto market cap rose for the first time in seven sessions. A $2.28 billion increase took the market cap to $848.5 billion.\nIt was a mixed Saturday for thecryptomarket. Bitcoin (BTC) extended its losing streak to seven sessions with a modest 0.12% loss. Cardano (ADA), Ethereum (ETH), and Solana (SOL) rose for the first time in seven sessions.\nThe broader-based gains came despite the crypto market getting hit with news of Three Arrows Capital (3AC) filing for bankruptcy and Voyager digital suspending withdrawals.\nRelative to the losses at the turn of the quarter, however, the gains were modest, with downside risks firmly in place.\nMarket headwinds include fears of a recession, sentiment towards monetary policy, and the evolving regulatory landscape, though the regulatory environment could improve for some jurisdictions.\nIn the US, the successful passage of the Lummis and Gillibrandbillcould prove crypto-friendly, should lawmakers task the CFTC with regulating the digital asset space.\nA bearish start to the day raised the prospect of a seventh consecutive session in the red before an afternoon recovery.\nThe total crypto market cap fell to a low of $832.5 billion before rising to a high of $858.1 billion.\nFollowing a modest $2.28 billion rise, the total crypto market cap was down $17 billion for July.\nBTCslipped by 0.12% to buck the top ten trend.\nHowever, it was a relatively bullish day for the rest.ADArose by 1.56% to lead the way, withSOLending the day up 1.55%.\nBNB(+0.65%)DOGE(+0.23%),ETH(+0.76%), andXRP(+0.60%) also avoided the red.\nFrom theCoinMarketCaptop 100, NEM (XEM) led the way, surging by 25.7%. Other notables included Synthetix (SNX), Tezos (XTZ), and Flow (FLOW).\nSNX rallied by 16.8%, with XTZ and FLOW seeing gains of 5.4% and 5.6%, respectively.\nHowever, AMP (AMP) and STEPN (GMT) were at the other end of the table, falling by 3.39% and 2.31%, respectively.\n24-hour liquidations continued to reflect improving market conditions going into Sunday.\nThis morning, 24-hour liquidations stood at $58.2 million, down from $107 million on Saturday morning.\nLiquidated traders over the last 24 hours also declined. At the time of writing, liquidated traders stood at 22,104 versus 36,758 on Saturday morning.\nHowever, one-hour liquidation figures reflected a late crypto pullback.\nAccording toCoinglass, one-hour liquidations had fallen to sub-$0.300 million before moving back through the $1 million mark. However, standing at $1.07 million, conditions improved from one-hour liquidations of $2.44 million on Saturday.\n• Voyager Capital (VOYG)suspendeddeposits and withdrawals, citing the 3AC default.\n• The Columbian governmentlaunchedthe National Land Registry on the XRP Ledger (XRPL).\n• KuCoin (KCS) CEO Johnny Lyudeniedrumors of KuCoin planning to freeze withdrawals.\nThisarticlewas originally posted on FX Empire\n• Ryanair cabin crew in Spain announce 12 more days of strikes\n• Taliban’s large gathering ends with calls for international recognition\n• Uzbekistan scraps plans to curb Karakalpak autonomy after protest\n• Argentina economy minister, IMF deal architect, quits as government crisis builds\n• US Mortgage Rates Hit Reverse on US Economic Uncertainty\n• KDDI aims to restore service Sunday after 40 million users affected', '• It was a mixed Saturday session for the crypto to ten, with bitcoin (BTC) bucking the top ten trend.\n• News of 3AC filing for bankruptcy, Voyager Digital suspending withdrawals, and rumors pegged back the majors, however.\n• However, the total crypto market cap rose for the first time in seven sessions. A $2.28 billion increase took the market cap to $848.5 billion.\nIt was a mixed Saturday for thecryptomarket. Bitcoin (BTC) extended its losing streak to seven sessions with a modest 0.12% loss. Cardano (ADA), Ethereum (ETH), and Solana (SOL) rose for the first time in seven sessions.\nThe broader-based gains came despite the crypto market getting hit with news of Three Arrows Capital (3AC) filing for bankruptcy and Voyager digital suspending withdrawals.\nRelative to the losses at the turn of the quarter, however, the gains were modest, with downside risks firmly in place.\nMarket headwinds include fears of a recession, sentiment towards monetary policy, and the evolving regulatory landscape, though the regulatory environment could improve for some jurisdictions.\nIn the US, the successful passage of the Lummis and Gillibrandbillcould prove crypto-friendly, should lawmakers task the CFTC with regulating the digital asset space.\nA bearish start to the day raised the prospect of a seventh consecutive session in the red before an afternoon recovery.\nThe total crypto market cap fell to a low of $832.5 billion before rising to a high of $858.1 billion.\nFollowing a modest $2.28 billion rise, the total crypto market cap was down $17 billion for July.\nBTCslipped by 0.12% to buck the top ten trend.\nHowever, it was a relatively bullish day for the rest.ADArose by 1.56% to lead the way, withSOLending the day up 1.55%.\nBNB(+0.65%)DOGE(+0.23%),ETH(+0.76%), andXRP(+0.60%) also avoided the red.\nFrom theCoinMarketCaptop 100, NEM (XEM) led the way, surging by 25.7%. Other notables included Synthetix (SNX), Tezos (XTZ), and Flow (FLOW).\nSNX rallied by 16.8%, with XTZ and FLOW seeing gains of 5.4% and 5.6%, respectively.\nHowever, AMP (AMP) and STEPN (GMT) were at the other end of the table, falling by 3.39% and 2.31%, respectively.\n24-hour liquidations continued to reflect improving market conditions going into Sunday.\nThis morning, 24-hour liquidations stood at $58.2 million, down from $107 million on Saturday morning.\nLiquidated traders over the last 24 hours also declined. At the time of writing, liquidated traders stood at 22,104 versus 36,758 on Saturday morning.\nHowever, one-hour liquidation figures reflected a late crypto p Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-07-03 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $362,270,982,301 - Hash Rate: 227840863.6655809 - Transaction Count: 206333.0 - Unique Addresses: 548190.0 Social & AI Sentiment: - Fear & Greed Index: 0.11 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Shutterstock.com Not everyone’s on board with Fidelity’s plan to allow bitcoin in 401(k) plans , especially with the asset’s recent extreme volatility. Senator Elizabeth Warren and Senator Tina Smith sent a letter to Fidelity’s CEO, asking the company to explain why they have failed to heed the Department of Labor’s (DOL) warning about 401(k) crypto investments and raise concerns about potential conflicts of interest presented by Fidelity being both a bitcoin miner and a purveyor of bitcoin. Cash App Borrow: How To Borrow Money on Cash App Read: 9 Bills You Should Never Put on Autopay “We write to inquire about the appropriateness of your company’s decision to add bitcoin to its 401(k) investment plan menu and the actions you will take to address ‘the significant risks of fraud, theft and loss’ posed by these assets,” the Senators wrote in the May 5 letter. On April 26, Fidelity Investments launched what it deems the industry’s first offering that will enable investors to have a portion of their retirement savings allocated to bitcoin through the core 401(k) plan investment lineup. The new offering, which bitcoin-bull firm MicroStrategy plans to add to its 401(k) plan later this year, will be available broadly to employers mid-year. “Fidelity is thrilled to launch a first-of-its-kind workplace digital assets account that will enable individuals to have a portion of their retirement savings allocated to bitcoin through the core 401(k) plan lineup. This new offering represents the firm’s continued commitment to evolving and broadening its digital assets offerings amidst steadily growing demand for digital assets across investor segments,” Dave Gray, head of workplace retirement offerings and platforms at Fidelity Investments, told GOBankingRates at the time. The senators added in the letter that, “investing in cryptocurrencies is a risky and speculative gamble, and we are concerned that Fidelity would take these risks with millions of Americans’ retirement savings.” Story continues POLL: Do You Think the Fed Raising Rates Will Help or Hurt the Economy? Amid a market bloodbath following the Fed’s decision last week, cryptos have not been spared. On May 9, Bitcoin was hovering around $32,000, 52% down from its all-time high level of $69,044, reached in November 2021, according to CoinGecko. Simon Peters, Market Analyst at eToro, wrote in a note on May 9 that the concern now for crypto-asset investors is when the slide will end. “The market is caught in the wider adversity of investment markets that are battling to decide where comfortable levels are in the wake of interest rate hikes designed to quell soaring inflation around the Western world,” he wrote in the note sent to GOBankingRates. “The market is now moving more closely with other major risk assets such as tech and other stocks. This is indicative of the major shift in the presence of institutions within the crypto-asset market, which now account[s] for a much greater proportion of ownership and tend[s] to bundle their decision-making on crypto with other major assets.” Peters added that market volatility and underperformance tend to correct in time so what is key now is for investors to ensure they’re happy with their investment cases and are prepared to stay the course for more volatility ahead. Finally, the Senators added in the letter that bitcoin’s volatility, “is compounded by its susceptibility to the whims of just a handful of influencers. Elon Musk’s tweets alone have led to bitcoin value fluctuations as high as 8%. The high concentration of bitcoin ownership and mining exacerbates these volatility risks.” See: 22 Side Gigs That Can Make You Richer Than a Full-Time Job Find : 25 Extra Grocery Costs You’re Probably Forgetting About In an email sent to CNN, Fidelity said that “as a Massachusetts-based company with a proven 75-plus-year history of doing what’s in the best interest of our customers, we look forward to continuing our respectful dialogue with policymakers to responsibly provide access with all appropriate consumer protections and educational guidance for plan sponsors as they consider offering this innovative product.” More From GOBankingRates Here's How Much Cash You Need Stashed if a National Emergency Happens Women & Money: The Complete Guide Take These 6 Key Steps Today To Retire a Millionaire The Top Purchases You Should Always Make With a Credit Card This article originally appeared on GOBankingRates.com : Senator Elizabeth Warren Questions Fidelity’s Offering To Allow Bitcoin for 401(k) Plans... - Reddit Posts (Sample): [['u/Apart_Split_8801', 'The crash is coming, I can feel it.', 212, '2022-07-03 00:12', 'https://www.reddit.com/r/Buttcoin/comments/vq2jz4/the_crash_is_coming_i_can_feel_it/', 'And this time will not be like 2017.\n\nWhy I know this?\n\nBecause back in 2017 I didn\'t know shit about crypto and today I know shit.\n\nI know that NFTs are just links on a blockchain.\n\nI know that a single Bitcoin transaction consumes the same electricity than a typical household during one month.\n\nI know that Bitcoin can process the staggering amount of three transactions per second.\n\nI know that stable coins has been created out of thin air, and that they have been used to pump all the cryptos.\n\nI know that exchanges can undo trades if they go against their interest.\n\nI know that exchanges can freeze withdrawals as they please.\n\nAnd the most important part, the crypo bros know this, and they know everybody knows. And their only hope is that there are many people so ignorant today about crypto as they were in 2017. \n\nBut I have bad news, this is 2022, and people are not ignorant about this anymore.\n\nCrypto is no longer a long term investment. In ten years, crypto will be the same mess that hasn\'t solved anything for society, and therefore there will be no mass adoption. And in ten years it will not have the excuse of being a new technology.\n\nSmarter whales do know this. And soon they will try to exit in an orderly fashion, or they will cause not a crash but a global rug pull.\n\nCrypto markets are open 24/7, and there are not Circuit Breakers. If it fall, it will fall hard.\n\nTL;DR: Remember, this is not 2017 it is 2022 and a small guy has shouted "I\'ts naked!", and now everybody knows the emperor has no clothes. So lose all hope that millions of new suckers will provide more liquidity to this dumpster.\n\nUseful Links:\n\n[https://www.youtube.com/watch?v=J9nv0Ol-R5Q](https://www.youtube.com/watch?v=J9nv0Ol-R5Q)\n\n[https://www.youtube.com/watch?v=YQ\\_xWvX1n9g](https://www.youtube.com/watch?v=YQ_xWvX1n9g)\n\n[https://www.youtube.com/watch?v=i\\_VsgT5gfMc](https://www.youtube.com/watch?v=i_VsgT5gfMc)', 'https://www.reddit.com/r/Buttcoin/comments/vq2jz4/the_crash_is_coming_i_can_feel_it/', 'vq2jz4', [['u/TheFan88', 28, '2022-07-03 00:43', 'https://www.reddit.com/r/Buttcoin/comments/vq2jz4/the_crash_is_coming_i_can_feel_it/iemq6q7/', 'Agree. Household for a month of electricity. Tell me how that scales for a means of exchange? For trillions of people? It doesn’t. Use PayPal or Venmo.', 'vq2jz4'], ['u/Kryptik2020', 152, '2022-07-03 00:47', 'https://www.reddit.com/r/Buttcoin/comments/vq2jz4/the_crash_is_coming_i_can_feel_it/iemqow4/', 'This is the main reason I went from a BTC bro to a BUTT bro, I completely and 100% believe that the technology is too dated and overall shit. It sounded fancy and technical in 2008, in 2022 it sounds like a bad joke.', 'vq2jz4'], ['u/Shortcelsunite2', 74, '2022-07-03 00:56', 'https://www.reddit.com/r/Buttcoin/comments/vq2jz4/the_crash_is_coming_i_can_feel_it/iemrxdg/', "If you look at Google Trends, the bitcoin interest never actually surpassed 2017, it's over.", 'vq2jz4'], ['u/NumberOneButta', 105, '2022-07-03 00:57', 'https://www.reddit.com/r/Buttcoin/comments/vq2jz4/the_crash_is_coming_i_can_feel_it/iems0bi/', 'Yup. All of this. I\'d also like to add the 19,000+ shitcoins literally printing money out of thin air.\n\nEvery single one of these shitcoins is competing for the same "dollar" trading through the cryptoverse. That means with every new shitcoin spawned, more real dollars are extracted from the system and into the hands of scammers.\n\nThe real money is long gone. Hence you have buttbros playing with counterfeit money "stablecoins", as there are very few actual dollars in the system to extract. Now, as these shitcoins all die, those same scammers are going to compete with each other to extract the remaining dollar capital from the system, while the retail suckers are left with absolute shit.\n\nTLDR: The entire market is Wil.E.Coyote not realizing he\'s already running off the cliff.', 'vq2jz4'], ['u/barsoapguy', 28, '2022-07-03 01:01', 'https://www.reddit.com/r/Buttcoin/comments/vq2jz4/the_crash_is_coming_i_can_feel_it/iemskhp/', 'It’s over Anakin I have the high ground !', 'vq2jz4'], ['u/barsoapguy', 10, '2022-07-03 01:05', 'https://www.reddit.com/r/Buttcoin/comments/vq2jz4/the_crash_is_coming_i_can_feel_it/iemt4lq/', 'This man is one with the force 🏆', 'vq2jz4'], ['u/Guiyu-Oneiros', 48, '2022-07-03 01:12', 'https://www.reddit.com/r/Buttcoin/comments/vq2jz4/the_crash_is_coming_i_can_feel_it/iemtxb9/', "You haven't stated why it's officially over.\n\nThe fact is that crypto has only existed in a low-interest rate environment. Crypto, like tech stocks, thrives during low-interest environments because it it's a risk asset which requires access to easy cash flows and low interest rate loans. Do I believe it's officially dead? No. There will be another low-interest rate cycle in the future. The problem is that the governments are raising rates in order to taper inflation, and we may very well be seeing these high rates for the next few years. I don't mean the next 2-3 years either, more like 4-6, or even more.", 'vq2jz4'], ['u/ivanoski-007', 36, '2022-07-03 01:36', 'https://www.reddit.com/r/Buttcoin/comments/vq2jz4/the_crash_is_coming_i_can_feel_it/iemx0b9/', "ten years is ANCIENT in tech terms, crypto bros don't seem to understand this and still compare it to the adoption of the internet, apples to oranges is their favorite comparison.", 'vq2jz4'], ['u/ivanoski-007', 21, '2022-07-03 01:37', 'https://www.reddit.com/r/Buttcoin/comments/vq2jz4/the_crash_is_coming_i_can_feel_it/iemx3zf/', "no one is saying it's dead, just increasingly useless, sadly bitcoin isn't going away just like MLM companies are not going away. We can only hope to educate as many as possible just as many now know that a Herbalife business is a bad idea", 'vq2jz4'], ['u/Scared_Ad_5391', 14, '2022-07-03 02:09', 'https://www.reddit.com/r/Buttcoin/comments/vq2jz4/the_crash_is_coming_i_can_feel_it/ien0x7a/', "It won't be like 2017 because _real_ money is starting to get expensive again. And that's it. Oh the ironing! Your pretend anti money is actually the opposite of an inflation hedge!!", 'vq2jz4'], ['u/paradoxally', 26, '2022-07-03 02:44', 'https://www.reddit.com/r/Buttcoin/comments/vq2jz4/the_crash_is_coming_i_can_feel_it/ien53cl/', "Meh, that's not indicative enough. The thing is, nowadays you have 20k different crypto coins. \n\nBitcoin is seen as boomer shit, if it doesn't moon within 24 hours and have an influencer promoting it they don't want it.", 'vq2jz4'], ['u/jcburner2020', 11, '2022-07-03 02:45', 'https://www.reddit.com/r/Buttcoin/comments/vq2jz4/the_crash_is_coming_i_can_feel_it/ien56jo/', 'Anyone else find it hilarious that BTC is 2/3 of the way to zero and this guy can "feel the crash coming?"', 'vq2jz4'], ['u/Ognissanti', 16, '2022-07-03 02:59', 'https://www.reddit.com/r/Buttcoin/comments/vq2jz4/the_crash_is_coming_i_can_feel_it/ien6q7i/', 'Next time money is cheap and spirits are high, expect more crypto shit. It’s not sociologically different from pets.com in 2000 or Tesla in 2021. It’s all yolo momentum action.', 'vq2jz4'], ['u/The-Jack-of-Diamonds', 19, '2022-07-03 03:28', 'https://www.reddit.com/r/Buttcoin/comments/vq2jz4/the_crash_is_coming_i_can_feel_it/iena20o/', 'An influencer waiting to pull the rug out from under you.', 'vq2jz4'], ['u/sfgisz', 68, '2022-07-03 04:30', 'https://www.reddit.com/r/Buttcoin/comments/vq2jz4/the_crash_is_coming_i_can_feel_it/iengym2/', "> sounded fancy and technical in 2008\n\nBitcoin belongs to an era in technology when Java Applets and Flash were still a thing, ES5 was going to be the latest release, Node.js did not exist, Java was the #1 language, Python hadn't broken top 5, Lambda expressions where a new feature in C#.\n\nAll these other technologies have evolved dramatically since or been buried by successors, while BTC floats around in more or less the same way still trying to figure out what it should do instead of improve and optimize for what it does.", 'vq2jz4'], ['u/xeger', 11, '2022-07-03 05:03', 'https://www.reddit.com/r/Buttcoin/comments/vq2jz4/the_crash_is_coming_i_can_feel_it/ienknqp/', "Yawp!\n\nAs I like to tease to my spouse: crypto is so cheap, I'm actually thinking of buying some!\n\n(This usually results in a threat of divorce and/or a thrown object.)", 'vq2jz4'], ['u/eaton', 39, '2022-07-03 05:04', 'https://www.reddit.com/r/Buttcoin/comments/vq2jz4/the_crash_is_coming_i_can_feel_it/ienkt0q/', 'Honestly, as someone who does a lot of tech evaluation and recommendation for large orgs, the tech feels less dated to me than the social assumptions that underly it.', 'vq2jz4'], ['u/boop-dragon', 11, '2022-07-03 05:18', 'https://www.reddit.com/r/Buttcoin/comments/vq2jz4/the_crash_is_coming_i_can_feel_it/ienmcqk/', 'Your spouse is wise!', 'vq2jz4'], ['u/eltoniq', 14, '2022-07-03 05:30', 'https://www.reddit.com/r/Buttcoin/comments/vq2jz4/the_crash_is_coming_i_can_feel_it/iennpkp/', 'I think one prime problem with BTC specifically is that a lot of it is not allowed to “evolve” like most software. Unless you “fork” it or change “pow” to something else. Then it essentially redefines what it is and it’s worth at the same time.', 'vq2jz4'], ['u/ivanoski-007', 22, '2022-07-03 05:49', 'https://www.reddit.com/r/Buttcoin/comments/vq2jz4/the_crash_is_coming_i_can_feel_it/ienpn2e/', "but you can't compare the beginnings if the internet where people barely had a computer to a useless shit like blockchain at the height of technology today", 'vq2jz4'], ['u/ivanoski-007', 19, '2022-07-03 06:29', 'https://www.reddit.com/r/Buttcoin/comments/vq2jz4/the_crash_is_coming_i_can_feel_it/ientrqw/', "blockchain has literally solved none of the societal problems it promised to solve, it's literally a solution looking for a problem, at least in 10 years the i... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['• It was a bullish end to the week for the crypto to ten, with XRP finding much-needed support to lead the way.\n• Following the 3AC bankruptcy filing, news of more platforms laying off staff failed to spook investors.\n• The total crypto market cap rose for the second time in eight sessions. A $2.58 billion increase left the market cap down by $70 billion for the week.\nIt was a bullish Sunday for thecryptomarket. Bitcoin (BTC) ended its seven-day losing streak. WhileXRPfound strong support, gains across the rest of the top ten were modest.\nThe fallout from the crypto winter continued to hit the market, with news of exchanges reducing headcounts a reminder of market conditions.\nHowever, crypto market headwinds remained the primary drag, with inflation, Fed monetary policy, and the threat of a US recession testing investor appetite.\nWith the US markets closed today, the NASDAQ 100 Mini will need considering, with the crypto market continuing to track the US market.\nAt the time of writing, the NASDAQ 100 Mini was down 53.5 points.\nA bearish morning saw the total crypto market cap fall to a low of $832.5 billion before rising to a high of $859.0 billion.\nFollowing a modest $2.28 billion rise, the total crypto market cap increased by a further $2.58 billion to $851.1 billion on Sunday. The modest uptrend over the weekend left the market cap down $15 billion for July.\nXRPled the way, rising by 1.93%, withDOGEgaining 0.84%.\nGains elsewhere were modest, however.BTCjoined the broader market in positive territory, rising by 0.35%, withBNB(+0.46%),ETH(+0.68%), and,SOL(+0.12%) also avoiding the red.\nADAended the day flat\nFrom theCoinMarketCaptop 100, NEM (XEM) bucked the broader market trend, sliding by 10.12%, with Polygon (MATIC) falling by 6.35%.\nHowever, ThetaFuel (TFUEL) led the broader crypto market, rallying by 14.81%, with Arweave (AR) up 12.16%.\n24-hour liquidations continued to reflect improving market conditions going into Monday.\nThis morning, 24-hour liquidations stood at $80.74 billion, up from $58.2 million on Sunday morning. While higher, staying below the $100 million mark was positive.\nLiquidated traders over the last 24 hours also increased, albeit modestly. At the time of writing, liquidated traders stood at 25,320 versus 22,104 on Sunday morning.\nHowever, one-hour liquidation figures reflected steady market conditions at the turn of the day.\nAccording toCoinglass, one-hour liquidations stood at $0.920 million versus $1.07 million on Sunday and $2.44 million on Saturday.\n• US Millenialsfavorcryptos over mutual funds.\n• Celsius Networklaidoff 150 employees.\n• Circle founder and CEO Jeremy Allaireattemptedto ease concerns over stablecoin USD Coin (USDC) by sharing a string of circle.com blogs onTwitter.\nThisarticlewas originally posted on FX Empire\n• Tens of thousands of Sydney residents told to evacuate as rains flood suburbs\n• Macau steps up COVID testing as infections surge\n• Japan FY2021/22 tax revenue seen revised up to record amount – draft\n• Ukraine withdraws from battered Lysychansk city; Russia claims major victory\n• Gold teeters above $1,800 as lower yields counter dollar strength\n• Japan coalition headed for election win, LDP seen gaining seats -poll', '• It was a bullish end to the week for the crypto to ten, with XRP finding much-needed support to lead the way.\n• Following the 3AC bankruptcy filing, news of more platforms laying off staff failed to spook investors.\n• The total crypto market cap rose for the second time in eight sessions. A $2.58 billion increase left the market cap down by $70 billion for the week.\nIt was a bullish Sunday for thecryptomarket. Bitcoin (BTC) ended its seven-day losing streak. WhileXRPfound strong support, gains across the rest of the top ten were modest.\nThe fallout from the crypto winter continued to hit the market, with news of exchanges reducing headcounts a reminder of market conditions.\nHowever, crypto market headwinds remained the primary drag, with inflation, Fed monetary policy, and the threat of a US recession testing investor appetite.\nWith the US markets closed today, the NASDAQ 100 Mini will need considering, with the crypto market continuing to track the US market.\nAt the time of writing, the NASDAQ 100 Mini was down 53.5 points.\nA bearish morning saw the total crypto market cap fall to a low of $832.5 billion before rising to a high of $859.0 billion.\nFollowing a modest $2.28 billion rise, the total crypto market cap increased by a further $2.58 billion to $851.1 billion on Sunday. The modest uptrend over the weekend left the market cap down $15 billion for July.\nXRPled the way, rising by 1.93%, withDOGEgaining 0.84%.\nGains elsewhere were modest, however.BTCjoined the broader market in positive territory, rising by 0.35%, withBNB(+0.46%),ETH(+0.68%), and,SOL(+0.12%) also avoiding the red.\nADAended the day flat\nFrom theCoinMarketCaptop 100, NEM (XEM) bucked the broader market trend, sliding by 10.12%, with Polygon (MATIC) falling by 6.35%.\nHowever, ThetaFuel (TFUEL) led the broader crypto market, rallying by 14.81%, with Arweave (AR) up 12.16%.\n24-hour liquidations continued to reflect improving market conditions going into Monday.\nThis morning, 24-hour liquidations stood at $80.74 billion, up from $58.2 million on Sunday morning. While higher, staying below the $100 million mark was positive.\nLiquidated traders over the last 24 hours also increased, albeit modestly. At the time of writing, liquidated traders stood at 25,320 versus 22,104 on Sunday morning.\nHowever, one-hour liquidation figures reflected steady market conditions at the turn of the day.\nAccording toCoinglass, one-hour liquidations stood at $0.920 million versus $1.07 million on Sunday and $2.44 million on Saturday.\n• US Millenialsfavorcryptos over mutual funds.\n• Celsius Networklaidoff 150 employees.\n• Circle founder and CEO Jeremy Allaireattemptedto ease concerns over stablecoin USD Coin (USDC) by sharing a string of circle.com blogs onTwitter.\nThisarticlewas originally posted on FX Empire\n• Tens of thousands of Sydney residents told to evacuate as rains flood suburbs\n• Macau steps up COVID testing as infections surge\n• Japan FY2021/22 tax revenue seen revised up to record amount – draft\n• Ukraine withdraws from battered Lysychansk city; Russia claims major victory\n• Gold teeters above $1,800 as lower yields counter dollar strength\n• Japan coalition headed for election win, LDP seen gaining seats -poll', 'Key Insights: It was a bullish end to the week for the crypto to ten, with XRP finding much-needed support to lead the way. Following the 3AC bankruptcy filing, news of more platforms laying off staff failed to spook investors. The total crypto market cap rose for the second time in eight sessions. A $2.58 billion increase left the market cap down by $70 billion for the week. It was a bullish Sunday for the crypto market. Bitcoin ( BTC ) ended its seven-day losing streak. While XRP found strong support, gains across the rest of the top ten were modest. The fallout from the crypto winter continued to hit the market, with news of exchanges reducing headcounts a reminder of market conditions. However, crypto market headwinds remained the primary drag, with inflation, Fed monetary policy, and the threat of a US recession testing investor appetite. With the US markets closed today, the NASDAQ 100 Mini will need considering, with the crypto market continuing to track the US market. Total Market Cap – NASDAQ – 040722 Daily Chart At the time of writing, the NASDAQ 100 Mini was down 53.5 points. The Total Crypto Market Cap Rises for a Second Session A bearish morning saw the total crypto market cap fall to a low of $832.5 billion before rising to a high of $859.0 billion. Following a modest $2.28 billion rise, the total crypto market cap increased by a further $2.58 billion to $851.1 billion on Sunday. The modest uptrend over the weekend left the market cap down $15 billion for July. Total Market Cap 040722 Daily Chart The Crypto Market Movers and Shakers from the Top Ten and Beyond XRP led the way, rising by 1.93%, with DOGE gaining 0.84%. Gains elsewhere were modest, however. BTC joined the broader market in positive territory, rising by 0.35%, with BNB (+0.46%), ETH (+0.68%), and, SOL (+0.12%) also avoiding the red. ADA ended the day flat From the CoinMarketCap top 100, NEM ( XEM ) bucked the broader market trend, sliding by 10.12%, with Polygon ( MATIC ) falling by 6.35%. However, ThetaFuel ( TFUEL ) led the broader crypto market, rallying by 14.81%, with Arweave ( AR ) up 12.16%. Story continues Total Crypto Liquidations Remain Crypto Market Positive 24-hour liquidations continued to reflect improving market conditions going into Monday. This morning, 24-hour liquidations stood at $80.74 billion, up from $58.2 million on Sunday morning. While higher, staying below the $100 million mark was positive. Liquidated traders over the last 24 hours also increased, albeit modestly. At the time of writing, liquidated traders stood at 25,320 versus 22,104 on Sunday morning. However, one-hour liquidation figures reflected steady market conditions at the turn of the day. According to Coinglass , one-hour liquidations stood at $0.920 million versus $1.07 million on Sunday and $2.44 million on Saturday. Total Crypto Liquidations 040722 Daily News Highlights US Millenials favor cryptos over mutual funds. Celsius Network laid off 150 employees. Circle founder and CEO Jeremy Allaire attempted to ease concerns over stablecoin USD Coin (USDC) by sharing a string of circle.com blogs on Twitter . This article was originally posted on FX Empire More From FXEMPIRE: Tens of thousands of Sydney residents told to evacuate as rains flood suburbs Macau steps up COVID testing as infections surge Japan FY2021/22 tax revenue seen revised up to record amount – draft Ukraine withdraws from battered Lysychansk city; Russia claims major victory Gold teeters ab Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-07-04 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $366,079,662,011 - Hash Rate: 210201570.99469727 - Transaction Count: 240385.0 - Unique Addresses: 610225.0 Social & AI Sentiment: - Fear & Greed Index: 0.14 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: A woman’s video about her deflating Shein shoes in the Las Vegas heat recently went viral on TikTok. TikToker @eacarrasco shared that the pair of Mary Jane shoes she purchased from the Chinese online retailer apparently could not handle the heat in Las Vegas. @eacarrasco 🤷🏻‍♀️ #loversandfriendsfest #90s #y2k #shein #lasvegas #summer ♬ Oh No - Kreepa The clip, which has received more than 515,000 views, showed the user walking while the heels of her shoes seem to disappear under her feet. More from NextShark: Shinee members and fans flood social media platforms to wish late singer Jonghyun a happy birthday “When you spend weeks planning your lovers and friends festival outfit but the weather hits 100 degrees,” she wrote. The user said she bought the shoes to complete her outfit for the Lovers and Friends festival in Las Vegas. The post showed the shoes listed on Shein’s website for $31. The TikToker’s “melting shoes” had commenters pointing out the intense Las Vegas weather. More from NextShark: Brave schoolchildren in China rescue pregnant teacher as she faints in class “When you don’t know how Las Vegas works,” one commenter wrote. “Or weather reports. Or anything really.” “Ur phone doesn’t have the weather app?” asked another. “And u didn’t realize u were going to Las Vegas?” Other users expressed concern about buying from the retailer. More from NextShark: Elon Musk shares conspiracy theory about Bitcoin creator Satoshi Nakamoto in viral tweet “I don’t think it was weather,” one commenter wrote. “I think it’s the shoes. Don’t buy shoes from shein.” "Note to self, don't buy shoes from Shein," another chimed in. In a separate post, @eacarrasco shared photos of the shoes that have seemingly returned to their original form. More from NextShark: Japanese Man’s Cat Takes the Most 2020 Selfie @eacarrasco Reply to @redrobin_5 You best explained it lol #rbd #loversandfriendsfest #sheingonewrong #shein #lasvegas #funny ♬ Hell To Da Naw Naw Naw - Bishop Bullwinkle Shein, which sells inexpensive fashion items, has seen massive growth in the U.S. in recent years, becoming the biggest fast fashion retailer in the country. The Chinese company had a 28% market share in the U.S. last year and is worth an estimated $100 billion , which is more than H&M and Zara combined. Featured Image via @eacarrasco... - Reddit Posts (Sample): [['u/Expert77777777', 'Why a acquisition of Celsius is likely and the crypto industry cannot accept that you lose any funds', 139, '2022-07-04 00:32', 'https://www.reddit.com/r/CelsiusNetwork/comments/vqsu7e/why_a_acquisition_of_celsius_is_likely_and_the/', 'As a European with years of M&A experience (and a small portion of my cryptos on Celsius) I think the most likely scenario is a follow: One company (or a consortium of companies) from either the crypto industry or traditional finance buys Celsius. Afterwards you can continue your deposit and loans with them under a new brand name without suffering any loses. The reason is simple. \n\nCelsius main asset is their 1.7 million customers and many of them are even high net worth or crypto friendly institutions. In an industry that spends hundreds of millions on super bowl ads, welcome bonuses or stadium sponsorship, it is worth hundreds of millions (or even billions in the long term) to get all these clients as depositors. Many of the customers also have high collateralized loans that is a an interest bearing asset for a buyer, and those who only have deposits has already taken the important step to move into crypto (and crypto banking) and it is way easier to get trading from them on your exchange or get them to accept other crypto offers generating future fees. Celsius also have many skilled employees (remember many companies are hiring today), they know marketing and how to win new customers (remember Nexo already copied Celsius on their loyalty program idea back in 2020). Even their Celsius token in treasury can jump 100-300% when they announce the rescue package or buyout and may also add profit for a buyer getting them. Also remember the PR as white knight saving the crypto industry is priceless. Everyone wants to be JP Morgan from the 1907 Wall Street finance crisis, but now for the crypto industry.\n\nOf course after a buyout there will be some withdrawal lock up time /limited withdrawal in the beginning, a new branding and some cost cutting and other synergies. \n\nBut a Celsius failure is not an option for the crypto industry. It is very important to know that in an industry on the brink of mass adoption (the next bull market is never far away and we are still early in the growth curve), they cannot let Celsius fail or have client accept any haircut at all. If that happens people will rush coins of exchanges (Uniswap is the winner, Binance the loser) and many people will never dare to move into this industry at all. The mass adoption could be years delayed (millions cannot do self custody), crypto prices will fall even more (including BNB and Nexo token) and the lack of trust in the industry is something that the industry cannot accept. Just look at the BlockFi press release (they said that they could not accept any customer haircut, putting a lot of pressure on Alex/Celsius to accept an offer putting depositor first) and if you watch the HBO movie "To big to fail" you very easy see how Wall Street M&A solved the 2008 financial crisis (LB failed due to a buyout from a UK Bank failed because of British regularly issues). Today lack of trust is the reason why BTC is below 40k, but this could fast change if they show that no ledning plattform clients loose any funds, and that the industry is more mature than in 2012-2018.\n\nFor likely buyers it is much better to file a hole and make the depositor whole, but they will firstly try to buy out the whole company, at least have an option for it in the bailout terms.\n\nThey buyers could be Nexo (will double their client base, wants to be Amazon of crypto lending, already have an open offer and don\'t want bank rush), Binance (need to counter FTX/Blockfi and also could very well be the big winner since most of Celsisus clients are not customer of their exchange so this is a very fast way of them to get more clients that think their exchange today is to little user-friendly), Kraken/Coinbase (they have also investor with deep pockets) or FTX (why not become a monopoly and the leak of 2 billion hole looks like negotiating tactic). Also for traditional finance (like Goldman etc) this is their best shot of moving into crypto banking and get many more as their private banking clients. I am not rulling out Square or Visa since all these companies could very well from an M&A perspective have many good reason to get all these clients and the Celsius infrastructure. Even for Musk the PR might be worth it and why not get a lot of high net worth clients into the future Tesla buyer database when you announce BTC acceptance again ?\n\nI think one of the reason for the silence, is that there are such talks already (paying down debt for selected creditors is even illegal if they prepare a bankruptcy and Alex is already in legal trouble if any loose funds here), and although Celsius may try to continue as their own brand and there are also a lot of investors that may get a good deal of buying a lot their shares at discounted valuation, I think a M&A solution will happen later even in that scenario (many PE-funds know this, and may be in the bailout picture) . \n\nThis is the "do or die" moment for the entire crypto industry, but to be clear: Celsius is the most attractive M&A object today (even with a possible 2 billion hole) due to their 1.7 million customers and employees, and don\'t underestimate the PR. Even today people talk about JP Morgan as the bailout savior of Wall Street (even the US) in 1907. The big question is, will it be Binance, Nexo, FTX, Square or Goldman Sach that becomes the savior and future kings of crypto by saving your funds?\n\nPS: By the way, the best way to support such efforts, are to support this in the Simon Dixon proposal.', 'https://www.reddit.com/r/CelsiusNetwork/comments/vqsu7e/why_a_acquisition_of_celsius_is_likely_and_the/', 'vqsu7e', [['u/Significant-Leopard9', 102, '2022-07-04 00:35', 'https://www.reddit.com/r/CelsiusNetwork/comments/vqsu7e/why_a_acquisition_of_celsius_is_likely_and_the/ier2g03/', "Call me selfish but I don't care if Celsius survives, I just want my money back. If an acquisition of Celsius can give me 100% of my funds back I'd be overjoyed.", 'vqsu7e'], ['u/Scat_fiend', 49, '2022-07-04 00:46', 'https://www.reddit.com/r/CelsiusNetwork/comments/vqsu7e/why_a_acquisition_of_celsius_is_likely_and_the/ier3uhl/', 'You’re selfish. And so am I. We want our funds back celsius!', 'vqsu7e'], ['u/Trollslayer0104', 24, '2022-07-04 01:32', 'https://www.reddit.com/r/CelsiusNetwork/comments/vqsu7e/why_a_acquisition_of_celsius_is_likely_and_the/ier9dh2/', "Can you describe why the industry would not allow Celsius to fail but has allowed multiple other exchanges and firms to fail? What's special about Celsius?", 'vqsu7e'], ['u/thisriveriswild70', 18, '2022-07-04 02:46', 'https://www.reddit.com/r/CelsiusNetwork/comments/vqsu7e/why_a_acquisition_of_celsius_is_likely_and_the/ierhxtc/', 'GS is shady AF? have you seen the band of idiots running companies like Celsius straight into the ground?!', 'vqsu7e'], ['u/MasterExploder990', 18, '2022-07-04 04:04', 'https://www.reddit.com/r/CelsiusNetwork/comments/vqsu7e/why_a_acquisition_of_celsius_is_likely_and_the/ierqgnm/', "I'm selfish about my crypto and I certainly don't give a fuck. Give me my Bitcoin!", 'vqsu7e'], ['u/BillyBeeGone', 16, '2022-07-04 04:50', 'https://www.reddit.com/r/CelsiusNetwork/comments/vqsu7e/why_a_acquisition_of_celsius_is_likely_and_the/iervg3d/', 'Ah yes those other crypto firms had no ones deposits...', 'vqsu7e'], ['u/anon_chase', 14, '2022-07-04 04:59', 'https://www.reddit.com/r/CelsiusNetwork/comments/vqsu7e/why_a_acquisition_of_celsius_is_likely_and_the/ierwe5w/', 'Let us all take this as a lesson and get a freaking ledger…', 'vqsu7e'], ['u/Evanjulian', 19, '2022-07-04 05:21', 'https://www.reddit.com/r/CelsiusNetwork/comments/vqsu7e/why_a_acquisition_of_celsius_is_likely_and_the/ieryn3l/', 'Funny story.. I have ledger already. Decided to emptied it out and move to celsius, for convenience reason', 'vqsu7e'], ['u/Impossible-Example91', 21, '2022-07-04 05:29', 'https://www.reddit.com/r/CelsiusNetwork/comments/vqsu7e/why_a_acquisition_of_celsius_is_likely_and_the/ierzigl/', 'They let Lehman Brothers go bankrupt, they’ll let Celsius go too.', 'vqsu7e'], ['u/eddie_flynn', 11, '2022-07-04 06:20', 'https://www.reddit.com/r/CelsiusNetwork/comments/vqsu7e/why_a_acquisition_of_celsius_is_likely_and_the/ies4gbn/', "what you've just said is one of the most insanely idiotic things I have ever heard. At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone in this room is now dumber for having listened to it. I award you no points, and may God have mercy on your soul.", 'vqsu7e'], ['u/Thorbinator', 17, '2022-07-04 06:59', 'https://www.reddit.com/r/CelsiusNetwork/comments/vqsu7e/why_a_acquisition_of_celsius_is_likely_and_the/ies8509/', ">But a Celsius failure is not an option for the crypto industry\n\nIt's winter. Everyone will stab anyone else in the back for a nickel. That kind of sentence implies a community you can rely on, which simply is not the case.", 'vqsu7e']]], ['u/thenextsymbol', 'From The Rats Jumping Off Sinking Ships Department: Co-Founder and CTO of OpenSea, The Dominant NFT Marketplace, Announces His Resignation', 98, '2022-07-04 01:26', 'https://www.reddit.com/r/Buttcoin/comments/vqtvdc/from_the_rats_jumping_off_sinking_ships/', '1. \\[2022-06-30\\] OpenSea [announces](https://opensea.io/blog/safety-security/important-update-on-email-vendor-security-incident/) that the email addresses and names (at least) of every single user were lost to an "unauthorized external party" in a huge data breach ([my response](https://twitter.com/Cryptadamist/status/1542391477573242880))\n2. \\[2022-07-01\\] OpenSea CTO/Co-Founder Alex Atallah [announces](https://twitter.com/xanderatallah/status/1543008322978082816) his departur... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Don\'t miss CoinDesk\'sConsensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12.\nGood morning. Here’s what’s happening:\nPrices:Bitcoin gains ground, hovering just above $20K.\nInsights:China\'s blockchain revolution may not be so revolutionary.\nCatch the latest episodes ofCoinDesk TVfor insightful interviews with crypto industry leaders and analysis. Andsign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context.\nBitcoin (BTC):$20,244 +5%\nEther (ETH):$1,152 +7.3%\n[{"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+3.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "+3.5%", "DACS Sector": "Entertainment"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "+1.3%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22123.3%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Stellar", "Ticker": "XLM", "Returns": "\\u22120.9%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "XRP", "Ticker": "XRP", "Returns": "\\u22120.3%", "DACS Sector": "Currency"}]\nBitcoin Gains Ground but Lingers Under $20K\nOn a day of fireworks and bombast in the U.S., crypto had a little to celebrate as well.\nBitcoin crept back over the $20,000 threshold that has been a psychological observation point since the start of the summer for investors gauging the length of the current bear market. The largest cryptocurrency by market capitalization was recently trading at about $20,300, up 5% over the past 24 hours. Bitcoin plummeted below $19,000 at one point last week before regaining ground during a Friday rally.\nEther rose even more in Monday trading along with several other major altcoins as investors seemed more receptive to risk. The second-largest cryptocurrency by market cap was changing hands at more than $1,150, a nearly 8% gain over the previous day. Among other major cryptos, SOL and SAND jumped more than 9% and 8%, respectively.\nStill, the crypto Fear & Greed Index remained wedged in extreme fear territory as the industry absorbed its latest body blows, and analysts remained downcast about prices for at least the near-term, short of convincing evidence that inflation is under control and the global economy will not fall into recession. Bitcoin and ether are off more than 5% and 6% from their highs early last week, and most other cryptos are also well in the red over the same period.\n"Bitcoin has been under even pressure for almost all last week," FxPro Senior Market Analyst Alex Kuptsikevich wrote in an email. "A brief bounce at the beginning of the day on July 1 was more likely due to emotional excitement from the start of a new period (month, quarter, half-year) rather than fundamental changes in the situation."\nEther price weakness\nETH’s price weakness continues as The Merge, which will see the network change from a proof-of-work to proof-of-stake protocol, fast approaches. Trading was light as the U.S. celebrated its Independence Day. U.S. equity markets were closed in observance of the holiday, but European indexes were up with the Stoxx Europe 600 rising 0.5% on Monday.\nTo be sure, Binance CEO Changpeng Zhao recently called the crypto winter a good time to buy bitcoin for investors who can wait for the next bull market. And a survey fromMastercard(MA) reported that over 51% of Latin Americans made at least one transaction with cryptocurrencies between March and April of this year.\nBut industry-wide cascade of bad news continued with crypto hedge fund Three Arrows Capitalfilingfor bankruptcy late Friday after weeks of speculation that it was functionally insolvent; American-Israeli crypto lender, Celsuis,layingoff some 150 employees over the weekend as it battles a financial crisis that saw it halt customer withdrawals last month; crypto lending platform CoinLoanlimitingthe size of withdrawals; and another crypto lender, Singapore-based Vauld,suspendingall withdrawals, trading and deposits on its platform as it looks at restructuring options.\nTroubled economic backdrop\nKuptsikevich noted the troubled economic backdrop that is likely to continue bedeviling crypto markets.\n"The global picture remains bearish as stock markets show no glimpses of tightening financial conditions by central banks," Kuptsikevich wrote. "On the weekly charts, BTCUSD remains below the 200-week average, having failed a timid attempt to climb higher last week."\nS&P 500: 3,825 +1%\nDJIA: 31,097 +1%\nNasdaq: 11,127 +0.9%\nGold: $1,808 +.02%\nChina\'s Blockchain Revolution May Be Falling Short\nBlockchain technology is a national priority for Beijing,having been name-checkedin 2019 by People’s Republic of China President Xi Jinping as an important opportunity that needs to be seized, andmentioned asa key technological pillar of China’s five-year policy plan in 2021.\n“We must take the blockchain as an important breakthrough for independent innovation of core technologies,” Xi has been quoted as saying, outlining the government’s policy to integrate the technology into the IT fabric of the bureaucracy at large.\nAnd with this came theBlockchain Service Network(BSN), a state-backed infrastructure program that would allow enterprise developers to assemble and develop code to build blockchain-based applications with relative ease.\nOf course, this isn’t real blockchain per se. It’s a neutered version of that called "permissioned blockchain." No corporation or government, in China or elsewhere, wants their key data to be in a decentralized state they can’t control.\nAs theSouth China Morning Post reportedlast week, China is home to nearly 1,800 blockchain services companies that purport to be integrated into most parts of the economy and bureaucracy.\nCompanies are unconvinced\nThere’s a problem, though: Outside of China, companies have realized thatenterprise blockchain ispretty useless. As CoinDesk reported in early 2021, IBM (IBM), which is effectively synonymous with enterprise computing, hasdismantled its blockchain team. Shortly after,Microsoft (MSFT) discontinuedits Blockchain service on Azure cloud. The U.S. Food and Drug Administration, which once touted blockchain as part of a "smarter era of food safety," hasabandoned the initiative.\nTechnology market research firm Gartnernoted in its hype cycle forecastfor 2021 that “successful permissioned enterprise blockchain projects are scarce.”\nWhile things like decentralized finance, payments, and tokenization all have some appeal, Gartner said, enterprise blockchain is stuck because “most users are stuck trying to align use cases to the technology.”\n“The value of permissioned blockchain is hard to understand since it does not implement the most revolutionary aspect of public blockchains – i.e., trust minimization and elimination of central authority, achieved via decentralized consensus,”Gartner wrotein another post on the topic.\nIncentives\nIn China’s case, companies are doubling down on blockchain because of the manyincentives available, such as a $140 millionsubsidy fund in Guangzhou– the actual utility of the technology be damned. If the governmentthinks the technologywill help its economic ambitions and wants to throw money at it, companies will happily oblige and play along.\nThis is especially true if they can leverage this with investors to juice a funding round. At one time,China was hometo nearly 35,000 blockchain companies, according to publicly available corporate registration data. Of course many were firms jumping in by adding blockchain to their name to access development subsidies, as well as out-and-out frauds. That number, according to SCMP’s report, is down to around 1,800, so the herd has been thinned.\nStill, it\'s questionable what exactly these 1,800 companies are doing. On-chain data is key to verifying any claims involving blockchain. But with these permissioned chains, it\'s impossible to use a block explorer to inspect the data and verify claims of data volume, something that’s a central tenant for the “trust machine” that is blockchain.\n8:30 a.m. HKT/SGT(12:30 a.m. UTC):Jibun Bank Services PMI(June)\n9:45 a.m. HKT/SGT(UTC):Caixin (China) Services PMI(June)\nIn case you missed it, here is the most recent episode of"All About Bitcoin"onCoinDesk TV:\nGenesis Exposure to 3AC, Caitlin Long on Crypto Industry Blowups\nIn one of the biggest scams in crypto history, the Commodity Futures Trading Commission (CFTC) is charging South African bitcoin club Mirror Trading International with $1.7 billion fraud. CoinDesk\'s Managing Editor for News Danny Nelson shared insights into this story. Plus, Caitlin Long of Custodia Bank discussed crypto regulations and Nick Mancini of Trade The Chain provided market analysis.\nThree Arrows Paper Trail Leads to Trading Desk Obscured Via Offshore Entities:As Three Arrows Capital collapsed under market pressure, its much-lesser known trading desk, TPS Capital, remained active, sources say. But a complex ownership structure might frustrate creditors\' efforts to collect.\nCrypto Lender Celsius Cuts 150 Jobs Amid Restructuring: Report:Withdrawals are still paused and the company has hired restructuring experts as it faces a financial crisis.\nBitcoin Recovers to Over $19K; Nomura Warns of US, UK Recession:Nomura warned of a recession in the eurozone, U.K. and Asia Pacific, which could influence crypto prices.\nLTCM and Other History Lessons for Crypto:From Long-Term Capital Management to the 2008 financial crisis, crypto\'s recent woes have echoes in the past, says CoinDesk\'s chief content officer.\nOther voices:Bitcoin Prices Struggle Below $20,000. Why Tuesday Could Bring a Bigger Move.(Barron\'s)\n"The Vauld management wishes to inform that we are facing financial challenges despite our best efforts. This is due to a combination of circumstances such as the volatile market conditions, the financial difficulties of our key busine Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-07-05 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $366,079,662,011 - Hash Rate: 173453044.59702292 - Transaction Count: 245829.0 - Unique Addresses: 616343.0 Social & AI Sentiment: - Fear & Greed Index: 0.19 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Valkyrie Funds CEO Leah Wald joins Yahoo Finance Live to discuss bitcoin falling below $21,000, the crypto sell-off, bear markets, and the outlook for the cryptocurrency market. [MUSIC PLAYING] JULIE HYMAN:The selloff in cryptocurrency is continuing today. Bitcoin sinking close to 20,000 earlier in the session. It's recovered a little bit, but still down on the day. Down more than 70% since its peak last November. The selloff, of course, rippling through the bitcoin futures-based crypto ETF universe, including Valkyrie's bitcoin strategy ETF. It's down over 50% this year alone. Joining us now to talk about the action, Valkyrie Funds CEO Leah Wald. Leah, thank you for being here. Obviously, it's been quite a ride downward here for the crypto universe. And, you know, even though, yes, these cycles have happened in crypto before, what is a pretty young asset class, it can't feel great when it's happening. So how do you sort of think about it as we are in this period? And how low do you think bitcoin will go? LEAH WALD:Yeah, and thank you so much for having me. You're absolutely right. For those of us that have been in the industry, it is-- you know, it's historically true that we have weathered these types of storms. But again, we are firmly in a bear market now. Never feels good. Bitcoin is down 54% year to date. Ethereum is down nearly 70% year to date. And more than $2 trillion in notional value has already been wiped off from digital asset valuation since last year's high. Naturally, this is following a lot of issues fundamentally. But the TA is just-- technical analysis is just not lying. And unfortunately, it is not looking good. -We're looking right now as well at this sort of speculation vacuum, if you will, within the broader crypto landscape, and even into some of the other spaces where people are invested into. But what do you believe will come out on the other side as we kind of are watching this shakeout, sure, in prices, but also in projects? LEAH WALD:I think that that's a good question, and actually will bring a smile to my face today. So thank you for that. [LAUGHTER] I do think that in bear markets, you have a good opportunity to build. That's what I firmly believe. That's what excites me about-- just coming back from maternity leave this week, I'm excited because of that. I think that historically, you're able to hunker down. And you've seen that across the crypto ecosystem. In 2018, in the various bear markets, you've seen a lot of projects that weren't built on firm foundations get completely wiped out. And that's not a bad thing. You know, very often, sometimes cleansing the system can help for the foundations of the future to be built on, you know, much more firm grounds. If you look at also what's different now is that the venture funding has come from a variety of sources that we never thought was going to be true. I mean, our strategic funding round, our last round that we just closed, Bank of New York, Wedbush, other institutional players, Belvedere Trading, all joined. And that is just exceedingly different than just venture dollars flowing in. And previous to me coming on, David Ellison, I think, made a very salient point, which is that valuations are starting to drop, and now we're looking at earnings. I think in the crypto ecosystem, definitely valuations with numerous, numerous companies that potentially did not have the earnings or the foundations to back it have been above a billion dollar valuation mark. And I think that it's time that the companies come back to reality, and that'll help for the long term. BRIAN SOZZI:Leah, one target that we heard a lot about over the past two years during crypto-- crypto's rise is that $1 million target by 2030. This downturn we're seeing right now in crypto, does that pull that off the table? Does it push it out to 2040? LEAH WALD:Are you asking if I can retire early or now I have to work longer? BRIAN SOZZI:That's another way of looking at it, yes. [LAUGHTER] LEAH WALD:Yeah, exactly. I think that that's pretty lofty. But I do think that an adage that we say in the bitcoin world is, one bitcoin will always equal one bitcoin. As obnoxiously cheeky as that may be, the truth is just this asset class trades very differently. It does trade in certain ways in regards to technical analysis, like any other asset in history. However, it also is following very different dynamics from a fundamental perspective. So I think that we will have to see if we hit that $1 million mark or we continue going down for the next many, many years. But in the end of the day, one bitcoin is still equal to one bitcoin. So trade accordingly, and hedge appropriately. JULIE HYMAN:By the way, congratulations. You mentioned you just come back from maternity leave. Gives you a little new perspective, doesn't it, on these things, I can say from experience. Leah, so as you're talking about this, you know, trade it as it's one bitcoin and hedge accordingly, in addition to running Valkyrie Funds, you personally hold bitcoin as well. Are you adding any bitcoin? And at what price would it become attractive? LEAH WALD:That's a great question. I do hold bitcoin. I hold it in my cold storage so that my hands can't touch it on a daily-- sorry, large dog in the background. I do think that we're looking for buy zones. It always depends, as everyone in finance knows, on your time horizon. If we're looking at a short time horizon, I'm very nervous about these markets. And I think that we're in for a lot of pain, unfortunately, for the next few months, for sure, potentially longer. Of course, we are targeting Q4 with some sort of rebound. If you look at medium and long term, I am always bullish bitcoin. So I do think there's always a good bottom and a good buy to be had, depending on your time horizon. BRIAN SOZZI:Always good to get some time with you, Valkyrie Funds CEO Leah Wald. And welcome back to the grind, too. LEAH WALD:Thank you.... - Reddit Posts (Sample): [['u/Rudeandreckless1', 'Predictions for the CBTC Tour Setlist', 22, '2022-07-05 00:01', 'https://www.reddit.com/r/streetlightmanifesto/comments/vrijah/predictions_for_the_cbtc_tour_setlist/', 'Will there be a new song?\nWhat will they play first?\nAny covers or 99SOR?\n\nAnything else? Just so hyped thinking about it.', 'https://www.reddit.com/r/streetlightmanifesto/comments/vrijah/predictions_for_the_cbtc_tour_setlist/', 'vrijah', [['u/bler123', 32, '2022-07-05 01:03', 'https://www.reddit.com/r/streetlightmanifesto/comments/vrijah/predictions_for_the_cbtc_tour_setlist/ievkr6p/', 'same set they have played for the last 10 years. nothing new.', 'vrijah'], ['u/J23_G0at', 23, '2022-07-05 06:08', 'https://www.reddit.com/r/streetlightmanifesto/comments/vrijah/predictions_for_the_cbtc_tour_setlist/iewjaa5/', 'May sound selfish. But, as long as they play “A better Place, a Better Time”. I’m good. \n\nThat song has helped me, throughout the years. 🥹', 'vrijah']]], ['u/Darken-kun', 'What if Satoshi have created Monero instead of Bitcoin?', 10, '2022-07-05 00:25', 'https://www.reddit.com/r/Monero/comments/vrj1ka/what_if_satoshi_have_created_monero_instead_of/', "Imagine if in 2009, instead of releasing Bitcoin as we know it today, Satoshi had developed a currency that's private from default, with all the technologies we see in Monero (like RingCT, Stealth Addresses, Confidential Transactions, etc).\n\nHe was very concerned about hiding his own identity, and thus, aware of the importance of privacy. I don't see a reason he haven't developed Bitcoin with these technologies from the start, other than he couldn't figure out how to make it completely private back then.\n\nMaximalists claim that transparent transactions on the blockchain were intended by Satoshi, but we'll never know for sure since he left the internet long ago. We can't know if he would approve the privacy features Monero has and implement them on Bitcoin if he could.\n\nSo my question is: If Bitcoin was completely private from the start, would those same maximalists be against it as they're against Monero today?", 'https://www.reddit.com/r/Monero/comments/vrj1ka/what_if_satoshi_have_created_monero_instead_of/', 'vrj1ka', [['u/ArticMine', 14, '2022-07-05 16:23', 'https://www.reddit.com/r/Monero/comments/vrj1ka/what_if_satoshi_have_created_monero_instead_of/iey1qmm/', "It would not have made much difference unless Satoshi has also added two key Monero technologies: \n\n1) The tail emission\n\n2) The adaptive blocksize.\n\nThe above security and scaling issues are the root cause of Bitcoin's problems. Privacy can be improved after the fact. Monero itself is proof of this. Just compare the privacy of Monero at launch in 2014 with Monero's privacy today, or even more what is in the pipeline.\n\nScaling via a tail emission and adaptive blocksize cannot be added years later, after the fact because this entails changing the basic economic supply model. In Bitcoin this means the 21 million BTC limit, and that is not so simple to change.\n\nPrivacy has very little to do with the root problem of Bitcoin. On a sinking ship a private cabin has little value.", 'vrj1ka']]], ['u/zenray', "KARPELES notifying the TRUSTEE JULY 2022 about another 80000 mtgox BTC on address with now known ''owner'' ; D", 27, '2022-07-05 04:02', 'https://www.reddit.com/r/mtgoxinsolvency/comments/vrn0j8/karpeles_notifying_the_trustee_july_2022_about/', '&#x200B;\n\n[https:\\/\\/twitter.com\\/MagicalTux\\/status\\/1542772360062701568](https://preview.redd.it/4w1nwon7pn991.jpg?width=913&format=pjpg&auto=webp&s=f49b16bdcdf697bfe0452b186521485ac94b2ec6)\n\nFor more info scroll down to the updated part of the article\n\n[https://mylegacykit.medium.com/the-faketoshi-tale-of-1feex-5dbeb230a090](https://mylegacykit.medium.com/the-faketoshi-tale-of-1feex-5dbeb230a090)\n\n&#x200B;\n\nWright owes us another 80000BTC... ヽ(´▽\\`)/\n\nSelf confessed thief ... NOICE!\n\nEdit:\n\n1.thx for all the luv for bringing u information\n\n2. I do not claim we ever see a sat from the 80k he is claiming he literally he stole from us, he does not have the priv key, he never did. But we have a shot at his estate including any of the millions of BTC he is suing many people about. He is not a poor crook.\n\n&#x200B;', 'https://www.reddit.com/r/mtgoxinsolvency/comments/vrn0j8/karpeles_notifying_the_trustee_july_2022_about/', 'vrn0j8', [['u/mrtuna', 19, '2022-07-05 05:25', 'https://www.reddit.com/r/mtgoxinsolvency/comments/vrn0j8/karpeles_notifying_the_trustee_july_2022_about/ieweu97/', "I'm guessing nothing comes of this", 'vrn0j8'], ['u/TheoHW', 11, '2022-07-05 08:08', 'https://www.reddit.com/r/mtgoxinsolvency/comments/vrn0j8/karpeles_notifying_the_trustee_july_2022_about/iewtyy7/', 'or extra 3 years of proceedings', 'vrn0j8'], ['u/pigfacepigbody', 10, '2022-07-05 10:05', 'https://www.reddit.com/r/mtgoxinsolvency/comments/vrn0j8/karpeles_notifying_the_trustee_july_2022_about/iex2uwh/', "I have received about 70000 emails from the trustees, provided them my ID and payment details multiple times, filled out countless claim forms, been sent endless rabbit hole processes to complete \n\nHonestly I feel more ripped off by this process than the initial robbery, I know I'm never getting that money\n\nJust go enjoy it on a yacht you fuckwits", 'vrn0j8'], ['u/thisisclemfandango', 31, '2022-07-05 10:26', 'https://www.reddit.com/r/mtgoxinsolvency/comments/vrn0j8/karpeles_notifying_the_trustee_july_2022_about/iex4cuk/', "This sub should require a grade 4 reading comprehension test to comment.\n\n\nThe article is about Craig Wright pretending to be owner of 1feex (80k btc) address and the internet calling him out on his bullshit.\n\n\nUnless you believe Craig Wright is Satoshi there is not a chance you, the trustee, your wife's boyfriend is going to get their hands on the 1feex wallet.\n\n\nMods I know you're likely inundated with sesame peanut brittle recipes and other shitposts to this sub but can we take this misinfo down? It really is spreading FUD/hope that we're going to get anything but a subpar happy ending to this circus.", 'vrn0j8']]], ['u/bit_hodler21', 'Bitcoin Giveaway!', 129, '2022-07-05 04:09', 'https://www.reddit.com/r/Bitcoin/comments/vrn4fo/bitcoin_giveaway/', "Hey everyone! feeling a bit generous today. I am giving away 100,000 sats! please post your lightning address below and I will send 1000 sats.\n\n*\\\\NOTE: This is on a first-come first-served basis once I run out there will be no more donations!\\\\*\n\n&#x200B;\n\nEdit:*\n\nThis is taking forever, I will now be upping the value to 5,000 sats per person. If you have already received 1,000 sats. Don't worry there will be another round of this in the future. Thanks for everyone's understanding!\n\n&#x200B;\n\nCurrent sats left: 80,000 sats\n\n&#x200B;\n\nFinal Edit:\n\n# NO MORE BITCOIN LEFT!!!\n\nThank you all for your patience and kind words, enjoy! [🎉](https://emojipedia.org/party-popper/)\n\n&#x200B;\n\nSENDING TO LIGHTNING ADDRESSES ONLY!\n\nRULES:\n\nYou must have been a user for at least a week to receive sats (to prevent double-dippers)\n\n&#x200B;\n\nWhy am I doing this?*\n\nI am giving away sats simply because I would like to spread the wealth of btc and get people excited about using the bitcoin/lightning network as a whole as well as a means of exchange. The more people that get inspired the better it is for bitcoin!", 'https://www.reddit.com/r/Bitcoin/comments/vrn4fo/bitcoin_giveaway/', 'vrn4fo', [['u/JRhod3sie', 45, '2022-07-05 04:32', 'https://www.reddit.com/r/Bitcoin/comments/vrn4fo/bitcoin_giveaway/iew93cr/', 'Am I the only one who doesn’t trust this kind of shit. OPs on here for 6 weeks. How do u trust there is nothing nefarious?', 'vrn4fo'], ['u/bit_hodler21', 15, '2022-07-05 04:34', 'https://www.reddit.com/r/Bitcoin/comments/vrn4fo/bitcoin_giveaway/iew99qp/', "Literally giving money away man. Guess i'm pure EVIL!!! >:)", 'vrn4fo'], ['u/DatBuridansAss', 15, '2022-07-05 05:13', 'https://www.reddit.com/r/Bitcoin/comments/vrn4fo/bitcoin_giveaway/iewdjo3/', "It's a good opportunity to think through the downside risk. What could he possibly do with a lightning invoice?", 'vrn4fo'], ['u/JRhod3sie', 13, '2022-07-05 05:21', 'https://www.reddit.com/r/Bitcoin/comments/vrn4fo/bitcoin_giveaway/ieweeal/', 'Idk I don’t know enough that’s why I’m asking. I’m just skeptical of everything I guess', 'vrn4fo'], ['u/DatBuridansAss', 15, '2022-07-05 05:27', 'https://www.reddit.com/r/Bitcoin/comments/vrn4fo/bitcoin_giveaway/iewf2k5/', "Well I suppose the worst thing OP could do, as far as I can tell, is maybe tie your reddit username with your lightning address. But lightning is a good deal more private than the base layer, so I don't see what he could do with that information. \n\nNo, to me what is more likely is that OP has a personal desire to see lightning continue to grow. A good way to do that is to send modest amounts to all sorts of people and hope that it helps to get them interested. \n\nFwiw I gave him an address and he sent me 1000 sats.", 'vrn4fo'], ['u/DatBuridansAss', 13, '2022-07-05 05:35', 'https://www.reddit.com/r/Bitcoin/comments/vrn4fo/bitcoin_giveaway/iewfx2t/', "Sure. Also, 1000 sats at current prices is like 20 cents...so. I mean yeah it's generous to give money to strangers, but he's literally taking 20 bucks and splitting it into a hundred equal pieces and giving it away to people.", 'vrn4fo'], ['u/marshyr3d1and', 14, '2022-07-05 06:40', 'https://www.reddit.com/r/Bitcoin/comments/vrn4fo/bitcoin_giveaway/iewmabg/', "It's the principle dude, not the amount", 'vrn4fo']]], ['u/francis105d1', 'Bitcoin LN vs. Bitcoin Cash the real Bitcoin. BCH wins.', 24, '2022-07-05 04:27', 'https://www.reddit.com/r/btc/comments/vrngj6/bitcoin_ln_vs_bitcoin_cash_the_real_bitcoin_bch/', '[https://twitter.com/francis105d1/status/1544145302797504512](https://twitter.com/fr... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['HIVE Blockchain Technologies Ltd. This news release constitutes a "designated news release" for the purposes of the Company\'s prospectus supplement dated February 2, 2021 to its amended and restated short form base shelf prospectus dated January 4, 2022. VANCOUVER, British Columbia, July 05, 2022 (GLOBE NEWSWIRE) -- HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (Nasdaq: HIVE) (FSE: HBFA) (the “Company” or “HIVE”) announces that it expects that its annual report on Form 40-F (the “Form 40-F”), which contains its annual audited financial statements, as well was its CEO and CFO certifications and its management discussion and analysis filing in Canada for the fiscal year ended March 31, 2022 (collectively, the “Annual Filings”) will be released after the scheduled filing date of June 29, 2022. The Company currently anticipates being able to file the Annual Filings on or before July 15, 2022. As a result of the delayed filing, the Company received a letter dated July 1, 2022 (the "Letter") from the Listing Qualifications Department of the Nasdaq Stock Market ("Nasdaq") notifying the Company that it was not in compliance with the requirements of Nasdaq Listing Rule 5250(c)(1) due to not having timely filed the 40-F. The Letter has no immediate effect on the listing or trading of HIVE’s common shares on the Nasdaq Capital Market. The Letter states that the Company is required to submit a plan to regain compliance with Rule 5250(c)(1) within 60 calendar days. If the plan is accepted by Nasdaq, then Nasdaq can grant the Company up to 180 calendar days from the due date of the Form 40-F to regain compliance. The Company has been late in the preparation of the Annual Filings due to a combination of factors including (i) the challenge of meeting the shorter filing deadline for non-venture issuers in Canada due to the Company’s recent listing on the NASDAQ and (ii) the rapid increase in the Company’s growth and the accompanying increase in the number of transactions. The Company does not anticipate such difficulties with future filings and is making arrangements to satisfy all filing requirements for future year ends, including hiring additional finance staff. Story continues About HIVE Blockchain Technologies Ltd. HIVE Blockchain Technologies Ltd. went public in 2017 as the first cryptocurrency mining company with a green energy and ESG strategy. HIVE is a growth-oriented technology stock in the emergent blockchain industry. As a company whose shares trade on a major stock exchange, we are building a bridge between the digital currency and blockchain sector and traditional capital markets. HIVE owns state-of-the-art, green energy-powered data centre facilities in Canada, Sweden, and Iceland, where we source only green energy to mine on the cloud and HODL both Ethereum and Bitcoin. Since the beginning of 2021, HIVE has held in secure storage the majority of its ETH and BTC coin mining rewards. Our shares provide investors with exposure to the operating margins of digital currency mining, as well as a portfolio of cryptocurrencies such as ETH and BTC. Because HIVE also owns hard assets such as data centers and advanced multi-use servers, we believe our shares offer investors an attractive way to gain exposure to the cryptocurrency space. We encourage you to visit HIVE’s YouTube channel here to learn more about HIVE. For more information and to register to HIVE’s mailing list, please visit www.HIVEblockchain.com . Follow @HIVEblockchain on Twitter and subscribe to HIVE’s YouTube channel . On Behalf of HIVE Blockchain Technologies Ltd. “Frank Holmes” Executive Chairman For further information please contact: Frank Holmes Tel: (604) 664-1078 Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release Forward-Looking Information Except for the statements of historical fact, this news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates and projections as at the date of this news release. “Forward-looking information” in this news release includes, but is not limited to, business goals and objectives of the Company; statements and information regarding the timing for the filings of the Annual Filings; and other forward-looking information concerning the intentions, plans and future actions of the parties to the transactions described herein and the terms thereon. Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to, the reliance of the Company on its auditors and management with respect to the Annual Filings, the volatility of the digital currency market; the Company’s ability to successfully mine digital currency; the Company may not be able to profitably liquidate its current digital currency inventory as required, or at all; a material decline in digital currency prices may have a significant negative impact on the Company’s operations; the volatility of digital currency prices; continued effects of the COVID-19 pandemic may have a material adverse effect on the Company’s performance as supply chains are disrupted and prevent the Company from carrying out its expansion plans or operating its assets; and other related risks as more fully set out in the registration statement of Company and other documents disclosed under the Company’s filings at www.sec.gov/EDGAR and www.sedar.com . The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about the Company’s objectives, goals or future plans, the timing thereof and related matters. The Company has also assumed that no significant events occur outside of the Company’s normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.', 'This news release constitutes a "designated news release" for the purposes of the Company\'s prospectus supplement dated February 2, 2021 to its amended and restated short form base shelf prospectus dated January 4, 2022.\nVANCOUVER, British Columbia, July 05, 2022 (GLOBE NEWSWIRE) -- HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (Nasdaq: HIVE) (FSE: HBFA) (the “Company” or “HIVE”) announces that it expects that its annual report on Form 40-F (the “Form 40-F”), which contains its annual audited financial statements, as well was its CEO and CFO certifications and its management discussion and analysis filing in Canada for the fiscal year ended March 31, 2022 (collectively, the “Annual Filings”) will be released after the scheduled filing date of June 29, 2022. The Company currently anticipates being able to file the Annual Filings on or before July 15, 2022. As a result of the delayed filing, the Company received a letter dated July 1, 2022 (the "Letter") from the Listing Qualifications Department of the Nasdaq Stock Market ("Nasdaq") notifying the Company that it was not in compliance with the requirements of Nasdaq Listing Rule 5250(c)(1) due to not having timely filed the 40-F. The Letter has no immediate effect on the listing or trading of HIVE’s common shares on the Nasdaq Capital Market. The Letter states that the Company is required to submit a plan to regain compliance with Rule 5250(c)(1) within 60 calendar days. If the plan is accepted by Nasdaq, then Nasdaq can grant the Company up to 180 calendar days from the due date of the Form 40-F to regain compliance.\nThe Company has been late in the preparation of the Annual Filings due to a combination of factors including (i) the challenge of meeting the shorter filing deadline for non-venture issuers in Canada due to the Company’s recent listing on the NASDAQ and (ii) the rapid increase in the Company’s growth and the accompanying increase in the number of transactions. The Company does not anticipate such difficulties with future filings and is making arrangements to satisfy all filing requirements for future year ends, including hiring additional finance staff.\nAbout HIVE Blockchain Technologies Ltd.\nHIVE Blockchain Technologies Ltd. went public in 2017 as the first cryptocurrency mining company with a green energy and ESG strategy.\nHIVE is a growth-oriented technology stock in the emergent blockchain industry. As a company whose shares trade on a major stock exchange, we are building a bridge between the digital currency and blockchain sector and traditional capital markets. HIVE owns state-of-the-art, green energy-powered data centre facilities in Canada, Sweden, and Iceland, where we source only green energy to mine on the cloud and HODL both Ethereum and Bitcoin. Since the beginning of 2021, HIVE has held in secure storage the majority of its ETH and BTC coin mining rewards. Our shares provide investors with exposure to the operating margins of digital currency mining, as well as a portfolio of cryptocurrencies such as ETH and BTC. Because HIVE also owns hard assets such as data centers and advanced multi-use servers, we believe our shares offer investors an attractive way to gain exposure to the cryptocurrency space.\nWe encourage you to visit HIVE’s YouTube channelhereto learn more about HIVE.\nFor more information and to register to HIVE’s mailing list, please visitwww.HIVEblockchain.com. Follow@HIVEblockchain on Twitterand subscribe toHIVE’s YouTube channel.\nOn Behalf of HIVE Blockchain Technologies Ltd.“Frank Holmes”Executive Chairman\nFor Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-07-06 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $384,433,588,948 - Hash Rate: 186682514.1001857 - Transaction Count: 267118.0 - Unique Addresses: 687966.0 Social & AI Sentiment: - Fear & Greed Index: 0.18 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Don't miss CoinDesk's Consensus 2022 , the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12. Bitcoin ( BTC ) and other cryptos traded lower on Friday despite another move upward in stocks. Crypto traders are still in risk-off mode after experiencing almost nine consecutive weeks of negative returns. BTC is on track for a 27% decline this month, although it is up 10% from its recent extreme low at $25,840 on May 12. The cryptocurrency is still down by 40% so far this year, compared with a 13% drop in the S&P 500 and a 22% dip in the Nasdaq 100 over the same period. So far, it has been a tough year for all speculative assets. Just launched! Please sign up for our daily Market Wrap newsletter explaining what happens in crypto markets – and why. Over the short term, however, prices could stabilize. " There’s been massive short selling over the last few weeks, which may presage a short squeeze in the weeks ahead. Month-end rebalancing flows may also help," David Duong, head of institutional research at Coinbase , wrote in a Friday newsletter. And on the macro front, MRB Partners , a global investment research firm, expects equity markets to rebound should global growth conditions prove resilient. The firm is"[a]ssuming interest rate expectations and bond yields stay calm for a period of time, which is probable as inflation will temporarily decelerate, first in the U.S. and then elsewhere. Central banks, in turn, likely will briefly cool their newfound hawkishness," MRB wrote in an email. The short-term rise in stocks could be a tailwind for crypto, assuming the high correlation between both assets remains intact. In contrast, perhaps the decline in cryptos signals limited upside in stocks as risk-off sentiment prevails. Latest prices ● Bitcoin (BTC): $28,940, −1.83% ● Ether (ETH): $1,760, −4.35% ● S&P 500 daily close: 4,158, +2.47% ● Gold: $1,857 per troy ounce, +0.51% ● Ten-year Treasury yield daily close: 2.74% Story continues Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found at coindesk.com/indices. Volatility subsides, for now The chart below shows the recent decline in BTC's short-term implied volatility. That suggests option traders have expected price swings to stabilize after BTC briefly dipped toward $28,000 on Thursday. For now, bitcoin remains stuck in a tight range as volatility returned to normal levels. But over a six-month horizon (second chart), implied volatility remains elevated, and there has been stronger demand for puts (downside protection) versus calls. Bitcoin implied volatility (Skew) Bitcoin implied volatility, zoomed out (Skew) Altcoin roundup DOGE briefly jumped on SpaceX tweet: Tesla (TSLA) CEO Elon Musk tweeted Friday morning ET that merchandise for SpaceX, his space exploration startup, will soon be able to be bought with dogecoin, just as it can be for Tesla merchandise. The price of DOGE jumped as much as 10% to nearly 9 cents immediately following the tweet, before giving back most of those gains later in the New York trading day. Read more here . Tether's dollar-pegged stablecoin expansion via Polygon: Tether has launched its USDT token on Polygon, an Ethereum scaling platform, meaning the largest stablecoin by market capitalization is now available on more than 11 blockchains, the company said. The addition of USDT, which is tied 1:1 to the dollar and has a market cap of over $73 billion, will help support Polygon's decentralized finance (DeFi) ecosystem. Read more here . New Terra blockchain launch expected Saturday: Terra’s new blockchain will be launched on Saturday followed by an airdrop of new LUNA tokens to users as part of a broader plan to revive the ecosystem, developers confirmed Friday. “The community has been working around the clock to coordinate the new chain’s launch,” Terra developers said in a tweet on Friday morning. “Subject to potential change, we expect Terra to go live on May 28th, 2022 at around 06:00 AM UTC.” Read more here . Relevant insight Cardano’s Hoskinson: Luna Collapse Shows Need to Go Slow in Crypto: “If you move too quickly … everybody loses their money,” says Charles Hoskinson, who will speak at Consensus 2022 next month. UK Crypto Hedge Fund Weathers Market Storm With Arbitrage Strategy: Nickel Digital Asset Management’s arbitrage fund is only down about 0.6% this year, compared with bitcoin’s drop of roughly 40% and the Nasdaq’s dip of 24%. The Crypto Community Says the UK's FCA Is Finally Starting to Listen: The British regulatory agency's first CryptoSprint was focused on digital asset information disclosure, custody and other regulatory obligations. Ether Accounts for Almost Half of $520M Liquidations Amid Weak On-Chain Data: Traders of ether futures saw liquidations nearly double those of bitcoin in an unusual move. Top Latin American Crypto Exchange Bitso Lays Off 80 Employees: The company, which had more than 700 workers before the cuts, counts four million users in the region. Other markets Most digital assets in the CoinDesk 20 ended the day lower. Biggest Gainers Asset Ticker Returns DACS Sector Dogecoin DOGE +1.9% Currency Ethereum Classic ETC +1.2% Smart Contract Platform Polkadot DOT +0.6% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Solana SOL −5.2% Smart Contract Platform Cardano ADA −5.1% Smart Contract Platform Filecoin FIL −5.0% Computing Sector classifications are provided via the Digital Asset Classification Standard (DACS) , developed by CoinDesk Indices to provide a reliable, comprehensive and standardized classification system for digital assets. The CoinDesk 20 is a ranking of the largest digital assets by volume on trusted exchanges.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['• It was a bullish Wednesday for the crypto to ten, with Solana (SOL) and Ethereum (ETH) leading the way.\n• While sliding crude oil prices highlighted market fears for an economic recession, upbeat stats from the US delivered the NASDAQ 100 and the crypto market support.\n• The total crypto market cap rose by $19 billion to mark the fourth increase in five sessions.\nIt was a bullish Wednesday session for thecryptotop ten. Bitcoin (BTC) continued to inch towards $21,000, last visited on June 28.SOLand ETH found the strongest support to lead the crypto top ten.\nInvestor jitters over a European economic recession continued to test support for riskier assets. The ongoing war in Ukraine and an energy crisis amidst a shift in central bank monetary policy remain tests of investor resilience.\nHowever, the markets brushed aside the market headwinds, with positive US economic indicators supporting the equity and crypto markets.\nAt the time of writing, the NASDAQ 100 Mini was down 29.5 points.\nAnother choppy session saw the crypto market cap fall to a low of $867 billion before jumping to a high of $908 billion.\nNASDAQ 100 support was the key to a return to $900 billion levels. While bullish on the day, crypto market headwinds linger.\nA global economic recession, a likely shift in the crypto regulatory landscape, and an extension of the crypto winter would test investor resilience. Fed monetary policy will also be a consideration over the near term.\nSOLandETHrallied by 4.67% and 4.80%, respectively, to lead the way, withBNBgaining 3.38%.\nADA(+1.09%),BTC(+1.91%),DOGE(+1.89%), andXRP(+2.15%) trailed the front runners.\nFrom theCoinMarketCaptop 100, THORChain (RUNE), The Sandbox (SAND), and STEPN (GMT) led the way. RUNE rallied by 9.5%, with SAND and GMT gaining 6.5% and 6.8%, respectively.\nAt the other end of the table, TerraClassicUSD (USTC) saw the heaviest loss for a second consecutive day, sliding by 13%.\nTotal Crypto Liquidations Reflect Improving Market Conditions\n24-hour liquidations fell back going into the Thursday session.\nThis morning, 24-hour liquidations stood at $101 million, down from $170.7 million on Wednesday.\nLiquidated traders over the last 24 hours also decreased. At the time of writing, liquidated traders stood at 30,986 versus 54,606 on Wednesday morning.\nHowever, one-hour liquidation figures suggested deteriorating market conditions at the turn of the day.\nAccording toCoinglass, one-hour liquidations stood at $24.4 million versus $3.31 million on Wednesday. Investors will need to monitor the one-hour liquidation figures for any further rise that could pressure the crypto market.\n• MetaplansNFT launch despite current market conditions.\n• UK governmentseekspublic contribution to DeFi taxation.\n• Crypto lender Voyager Digitalfiledfor Chapter 11 bankruptcy.\n• US lawmakersmakeno progress towards a CBDC.\n• Binanceannouncedthe launch of zero-free bitcoin (BTC) trading to commemorate the fifth anniversary.\nThisarticlewas originally posted on FX Empire\n• Stocks in the doldrums as euro founders on recession fears\n• Australia’s Crown taps Wynn Macau COO as top boss after Blackstone takeover\n• Cost-of-living crisis driving ‘breathtaking’ surge in extreme poverty – UNDP\n• Australia expands fourth COVID dose rollout amid fresh Omicron threat\n• EUR/USD Forex Technical Analysis – Hovering Near 20-Year Low as Europe’s Energy Woes Weigh\n• China’s Xiaomi produces first smartphones in Vietnam', 'Key Insights: It was a bullish Wednesday for the crypto to ten, with Solana (SOL) and Ethereum (ETH) leading the way. While sliding crude oil prices highlighted market fears for an economic recession, upbeat stats from the US delivered the NASDAQ 100 and the crypto market support. The total crypto market cap rose by $19 billion to mark the fourth increase in five sessions. It was a bullish Wednesday session for the crypto top ten. Bitcoin ( BTC ) continued to inch towards $21,000, last visited on June 28. SOL and ETH found the strongest support to lead the crypto top ten. Investor jitters over a European economic recession continued to test support for riskier assets. The ongoing war in Ukraine and an energy crisis amidst a shift in central bank monetary policy remain tests of investor resilience. However, the markets brushed aside the market headwinds, with positive US economic indicators supporting the equity and crypto markets. Total Market Cap – NASDAQ – WTI 070722 15 Min Chart At the time of writing, the NASDAQ 100 Mini was down 29.5 points. The Total Crypto Market Cap Bounces Back to $900bn Another choppy session saw the crypto market cap fall to a low of $867 billion before jumping to a high of $908 billion. Total Market Cap 070722 Daily Chart NASDAQ 100 support was the key to a return to $900 billion levels. While bullish on the day, crypto market headwinds linger. A global economic recession, a likely shift in the crypto regulatory landscape, and an extension of the crypto winter would test investor resilience. Fed monetary policy will also be a consideration over the near term. The Crypto Market Movers and Shakers from the Top Ten and Beyond SOL and ETH rallied by 4.67% and 4.80%, respectively, to lead the way, with BNB gaining 3.38%. ADA (+1.09%), BTC (+1.91%), DOGE (+1.89%), and XRP (+2.15%) trailed the front runners. From the CoinMarketCap top 100, THORChain ( RUNE ), The Sandbox ( SAND ), and STEPN ( GMT ) led the way. RUNE rallied by 9.5%, with SAND and GMT gaining 6.5% and 6.8%, respectively. At the other end of the table, TerraClassicUSD ( USTC ) saw the heaviest loss for a second consecutive day, sliding by 13%. Story continues Total Crypto Liquidations Reflect Improving Market Conditions 24-hour liquidations fell back going into the Thursday session. This morning, 24-hour liquidations stood at $101 million, down from $170.7 million on Wednesday. Liquidated traders over the last 24 hours also decreased. At the time of writing, liquidated traders stood at 30,986 versus 54,606 on Wednesday morning. However, one-hour liquidation figures suggested deteriorating market conditions at the turn of the day. According to Coinglass , one-hour liquidations stood at $24.4 million versus $3.31 million on Wednesday. Investors will need to monitor the one-hour liquidation figures for any further rise that could pressure the crypto market. Total Crypto Liquidations 070722 Daily News Highlights Meta plans NFT launch despite current market conditions. UK government seeks public contribution to DeFi taxation. Crypto lender Voyager Digital filed for Chapter 11 bankruptcy. US lawmakers make no progress towards a CBDC. Binance announced the launch of zero-free bitcoin (BTC) trading to commemorate the fifth anniversary. This article was originally posted on FX Empire More From FXEMPIRE: Stocks in the doldrums as euro founders on recession fears Australia’s Crown taps Wynn Macau COO as top boss after Blackstone takeover Cost-of-living crisis driving ‘breathtaking’ surge in extreme poverty – UNDP Australia expands fourth COVID dose rollout amid fresh Omicron threat EUR/USD Forex Technical Analysis – Hovering Near 20-Year Low as Europe’s Energy Woes Weigh China’s Xiaomi produces first smartphones in Vietnam', '• While it was another choppy session, bitcoin (BTC) rose by 1.91% to end the day at $20,545.\n• While recession fears continued to hit crude oil prices, the NASDAQ 100 delivered bitcoin support through the US session.\n• However, technical indicators remained bearish, with bitcoin below the 100-day EMA.\nOn Wednesday, bitcoin (BTC) rose by 1.91%. Reversing a 0.27% decline from Tuesday, bitcoin ended the day at $20,545.\nA bearish morning saw BTC fall to a low of $19,750.\nSteering clear of the First Major Support Level at $19,390, BTC rallied to a high of $20,638.\nHowever, falling short of the First Major Resistance Level at $20,827, bitcoin eased back to end the day at sub-$20,600.\nEconomic indicators from the US delivered NASDAQ 100 support. The all-important ISM Non-Manufacturing PMI slipped from 55.9 to 55.3, beating forecasts of a decline to 54.3.\nJOLTs job openings also painted a healthy picture, with job openings at 11.254 million in May. In April, openings had stood at $11.681 million.\nWhile the NASDAQ found support, more widespread fears of a recession in the Eurozone and beyond weighed on crude oil prices, leaving the inverse correlation between bitcoin and WTI in place.\nToday, US ADP Nonfarm Employment Change and weekly jobless claim figures will also draw interest.\nAt the time of writing, the NASDAQ 100 Mini was up by 1 point.\nThis morning, the Fear & Greed Index held steady at 18/100. While bitcoin found support on Wednesday, crypto market headwinds linger, leaving downside risks in play.\nThe failure of the Index to move towards the “Fear” zone reflected the prevailing market headwinds.\nHowever, for the bitcoin bulls, avoiding a return to sub-14/100 remained bitcoin positive.\nA resumption of the latest upward trend towards the 25/100 and the “Fear” zone would also deliver further BTC support.\nThe Index last sat in the “Fear” zone on May 5, when bitcoin stood at $36,630.\nAt the time of writing, BTC was down 0.07% to $20,530.\nA mixed start to the day saw BTC rise to an early high of $20,575 before falling to a low of $20,472.\nBTC left the Major Support and Resistance Levels untested early on.\nBTC will need to avoid the $20,314pivotto test the First Major Resistance Level (R1) at $20,875 and resistance at $21,000.\nBTC would need NASDAQ 100 Mini support to breakout from the Wednesday high of $20,578.\nAn extended rally would test the Second Major Resistance Level (R2) at $21,196 and resistance at $21,500. The Third Major Resistance Level (R3) sits at $22,087.\nA fall through the pivot would bring the First Major Support Level (S1) at $19,982 into play.\nBarring an extended sell-off, BTC should avoid sub-$19,500 and the Second Major Support Level (S2) at $19,423.\nThe Third Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-07-07 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $397,653,142,656 - Hash Rate: 227544125.37384427 - Transaction Count: 281435.0 - Unique Addresses: 691644.0 Social & AI Sentiment: - Fear & Greed Index: 0.18 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Key Insights: Every crypto asset in the top 50 has more than $1B market capitalization. Bloomberg began tracking Bitcoin prices in 2013. Institutional interest is still prevalent despite the bear market. On June 9, Bloomberg announced the expansion of its industry-leading coverage of assets to include the top 50 cryptocurrencies by market capitalization. Clients can now use the Terminal to monitor intraday pricing for an expanded selection of crypto assets, indices, and futures contracts in real-time. The Bloomberg Terminal is a subscription-based computer software system that professionals use to analyze real-time financial markets. It began offering data on Bitcoin ( BTC ) prices back in 2013 when the asset was trading at around $100 before its massive surge to over $1,100 at the end of the year. In 2018 Bloomberg expanded the Terminal to cover the top ten crypto assets and now the top 50 due to increased institutional interest, according to the announcement . Testament to Growth Each of these digital assets now has a market capitalization of over a billion dollars, even in a bear market which is a testament to how much the crypto token industry has grown in recent years. In late 2018, just a handful of cryptocurrencies had more than a billion dollars in market cap. At the time of writing, decentralized finance platform Aave held the number 50 spot with its native token of the same name ( AAVE ) with a market cap of $1.3 billion. The Bloomberg vetting process includes assessments of institutional custody support, trading access, market capitalization, and consistency of turnover. Alex Wenham, product manager for cryptocurrencies at Bloomberg, said that their mission is to “help the global institutional investor community to seamlessly incorporate digital assets into their workflows” before adding: “As this market develops, we will continue to evolve our data-driven offerings to help our clients define and develop their strategies in this space.” Story continues The move comes at a time when larger financial institutions are entering the space. This week it was reported that investment firms Fidelity and Schwab will be working with hedge fund manager Citadel Securities to develop a cryptocurrency marketplace for institutional clients. Crypto Winter Deepens The move also comes at a time of crypto market contraction as the bears show no signs of loosening their grip on markets. Another couple of percentage points have been lost from the total market capitalization, which has fallen to $1.28 trillion over the past 12 hours or so. However, markets have been mainly consolidating over the past month since their giant slide in April and early May. The total market cap is currently 58.4%, down from its $3 trillion peak in November 2021. Bitcoin has fallen 1.2% on the day, dipping below $30,000, while Ethereum ( ETH ) 1% sliding to $1,778 at the time of writing. Most altcoins are also in the red during the Friday morning Asian trading session. This article was originally posted on FX Empire More From FXEMPIRE: Tesla’s China output decline trending deeper than Musk forecast, data and internal memos show Norway to return its military helicopters, seek repayment from NH Industries Asian stocks track global shares lower, U.S. CPI in focus EBRD may invest in Sberbank unit if it becomes Kazakhistan asset Dollar takes breather ahead of U.S. inflation test GSK’s RSV vaccine succeeds in late-stage trial for older adults... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Key Insights: It was a bullish Thursday for the crypto to ten, with bitcoin (BTC) leading the way with a breakout to a day high of $21,840. A sharp pickup in demand for riskier assets supported a 2.28% NASDAQ rally fueled by hints from the Fed of a less aggressive rate path trajectory. The total crypto market cap rose by $35 billion to record the fifth increase in six sessions. It was a bullish Thursday session for the crypto top ten. Bitcoin ( BTC ) led the way, with SOL and ETH close behind. Investors brushed aside fears of a global economic recession, with the FOMC meeting minutes from Wednesday driving demand for riskier assets. The FOMC meeting minutes highlighted the risk of rate hikes having a ‘larger-than-expected effect on economic growth.’ Prior to the minutes, the markets had priced in a 75 basis point rate hike for July. However, the minutes revealed that participants judged a 50 or 75 basis point increase as appropriate. Total Market Cap – NASDAQ – 080722 5 Min Chart At the time of writing, the NASDAQ 100 Mini was down 32.5 points. The Total Crypto Market Cap Jumps on Fed Minutes A bearish start to the session saw the crypto market cap fall to a low of $889 billion before jumping to a high of $945 billion. NASDAQ 100 support was the key to the move back toward $1,000 billion levels. While bullish on the day, crypto market headwinds linger. The threat of a global economic recession remains real, as does a likely shift in the crypto regulatory landscape. From a monetary policy perspective, while Fed concern over the impact of policy on economic growth prospects delivered relief, the Fed has stated its commitment to bringing inflation to target at any cost. The Crypto Market Movers and Shakers from the Top Ten and Beyond BTC rallied by 5.19% to lead the way, with SOL (+3.88%) and ETH (+4.35%) close behind. ADA (+3.46%), BNB (+1.26%), DOGE (+3.13%), and XRP (+3.13%) also found strong support. From the CoinMarketCap top 100, Storj ( STORJ ), Aave ( AAVE ), and Internet Computer ( ICP ) led the way. STORJ rallied by 15%, with AAVA and ICP gaining 13% and 11%, respectively. Story continues Maker ( MKR ) and KuCoin Token ( KCS ) were among a handful of cryptos to buck the trend. MKR fell by 0.53%, with KCS falling by 0.60%. Total Crypto Liquidations Reflect Improving Market Conditions Despite the bullish session, 24-hour liquidations rose through the Thursday session. This morning, 24-hour liquidations stood at $169 million, up from $101 million on Thursday morning. Liquidated traders over the last 24 hours also increased. At the time of writing, liquidated traders stood at 42,406 versus 30,986 on Thursday. However, one-hour liquidation figures suggested improving market conditions at the turn of the day. According to Coinglass , one-hour liquidations stood at $1.36 million, down from $24.4 million on Thursday. A fall back to sub-$1 million levels would suggest another bullish day ahead. Total Crypto Liquidations 080722 Daily News Highlights Crema Finance hacker returned $8 million for a $1.6 million bounty. The US banned crypto-owning government officials from working on regulations. Polygon is set to deliver a DeFi Overhaul with the launch of Avail. SEC filed a motion to limit Ripple Lab expert testimony. This article was originally posted on FX Empire More From FXEMPIRE: Reaction to shooting of Japan’s former PM Abe British navy says it seized smuggled Iranian missiles Instant View: Japan’s ex-Prime Minister Abe shot, condition unknown Australia seeks to stabilise China ties, says FM Wong ahead of meeting China holds combat exercises around Taiwan as U.S. senator visits Japan’s Abe shot while making election speech, taken to hospital', 'Key Insights: It was a bullish Thursday for the crypto to ten, with bitcoin (BTC) leading the way with a breakout to a day high of $21,840. A sharp pickup in demand for riskier assets supported a 2.28% NASDAQ rally fueled by hints from the Fed of a less aggressive rate path trajectory. The total crypto market cap rose by $35 billion to record the fifth increase in six sessions. It was a bullish Thursday session for the crypto top ten. Bitcoin ( BTC ) led the way, with SOL and ETH close behind. Investors brushed aside fears of a global economic recession, with the FOMC meeting minutes from Wednesday driving demand for riskier assets. The FOMC meeting minutes highlighted the risk of rate hikes having a ‘larger-than-expected effect on economic growth.’ Prior to the minutes, the markets had priced in a 75 basis point rate hike for July. However, the minutes revealed that participants judged a 50 or 75 basis point increase as appropriate. Total Market Cap – NASDAQ – 080722 5 Min Chart At the time of writing, the NASDAQ 100 Mini was down 32.5 points. The Total Crypto Market Cap Jumps on Fed Minutes A bearish start to the session saw the crypto market cap fall to a low of $889 billion before jumping to a high of $945 billion. NASDAQ 100 support was the key to the move back toward $1,000 billion levels. While bullish on the day, crypto market headwinds linger. The threat of a global economic recession remains real, as does a likely shift in the crypto regulatory landscape. From a monetary policy perspective, while Fed concern over the impact of policy on economic growth prospects delivered relief, the Fed has stated its commitment to bringing inflation to target at any cost. The Crypto Market Movers and Shakers from the Top Ten and Beyond BTC rallied by 5.19% to lead the way, with SOL (+3.88%) and ETH (+4.35%) close behind. ADA (+3.46%), BNB (+1.26%), DOGE (+3.13%), and XRP (+3.13%) also found strong support. From the CoinMarketCap top 100, Storj ( STORJ ), Aave ( AAVE ), and Internet Computer ( ICP ) led the way. STORJ rallied by 15%, with AAVA and ICP gaining 13% and 11%, respectively. Story continues Maker ( MKR ) and KuCoin Token ( KCS ) were among a handful of cryptos to buck the trend. MKR fell by 0.53%, with KCS falling by 0.60%. Total Crypto Liquidations Reflect Improving Market Conditions Despite the bullish session, 24-hour liquidations rose through the Thursday session. This morning, 24-hour liquidations stood at $169 million, up from $101 million on Thursday morning. Liquidated traders over the last 24 hours also increased. At the time of writing, liquidated traders stood at 42,406 versus 30,986 on Thursday. However, one-hour liquidation figures suggested improving market conditions at the turn of the day. According to Coinglass , one-hour liquidations stood at $1.36 million, down from $24.4 million on Thursday. A fall back to sub-$1 million levels would suggest another bullish day ahead. Total Crypto Liquidations 080722 Daily News Highlights Crema Finance hacker returned $8 million for a $1.6 million bounty. The US banned crypto-owning government officials from working on regulations. Polygon is set to deliver a DeFi Overhaul with the launch of Avail. SEC filed a motion to limit Ripple Lab expert testimony. This article was originally posted on FX Empire More From FXEMPIRE: Reaction to shooting of Japan’s former PM Abe British navy says it seized smuggled Iranian missiles Instant View: Japan’s ex-Prime Minister Abe shot, condition unknown Australia seeks to stabilise China ties, says FM Wong ahead of meeting China holds combat exercises around Taiwan as U.S. senator visits Japan’s Abe shot while making election speech, taken to hospital', 'Key Insights: It was a bullish Thursday for the crypto to ten, with bitcoin (BTC) leading the way with a breakout to a day high of $21,840. A sharp pickup in demand for riskier assets supported a 2.28% NASDAQ rally fueled by hints from the Fed of a less aggressive rate path trajectory. The total crypto market cap rose by $35 billion to record the fifth increase in six sessions. It was a bullish Thursday session for the crypto top ten. Bitcoin ( BTC ) led the way, with SOL and ETH close behind. Investors brushed aside fears of a global economic recession, with the FOMC meeting minutes from Wednesday driving demand for riskier assets. The FOMC meeting minutes highlighted the risk of rate hikes having a ‘larger-than-expected effect on economic growth.’ Prior to the minutes, the markets had priced in a 75 basis point rate hike for July. However, the minutes revealed that participants judged a 50 or 75 basis point increase as appropriate. Total Market Cap – NASDAQ – 080722 5 Min Chart At the time of writing, the NASDAQ 100 Mini was down 32.5 points. The Total Crypto Market Cap Jumps on Fed Minutes A bearish start to the session saw the crypto market cap fall to a low of $889 billion before jumping to a high of $945 billion. NASDAQ 100 support was the key to the move back toward $1,000 billion levels. While bullish on the day, crypto market headwinds linger. The threat of a global economic recession remains real, as does a likely shift in the crypto regulatory landscape. From a monetary policy perspective, while Fed concern over the impact of policy on economic growth prospects delivered relief, the Fed has stated its commitment to bringing inflation to target at any cost. The Crypto Market Movers and Shakers from the Top Ten and Beyond BTC rallied by 5.19% to lead the way, with SOL (+3.88%) and ETH (+4.35%) close behind. ADA (+3.46%), BNB (+1.26%), DOGE (+3.13%), and XRP (+3.13%) also found strong support. From the CoinMarketCap top 100, Storj ( STORJ ), Aave ( AAVE ), and Internet Computer ( ICP ) led the way. STORJ rallied by 15%, with AAVA and ICP gaining 13% and 11%, respectively. Story continues Maker ( MKR ) and KuCoin Token ( KCS ) were among a handful of cryptos to buck the trend. MKR fell by 0.53%, with KCS falling by 0.60%. Total Crypto Liquidations Reflect Improving Market Conditions Despite the bullish session, 24-hour liquidations rose through the Thursday session. This morning, 24-hour liquidations stood at $169 million, up from $101 million on Thursday morning. Liquidated traders over the last 24 hours also increased Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-07-08 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $406,125,197,325 - Hash Rate: 214480636.4041969 - Transaction Count: 268331.0 - Unique Addresses: 682201.0 Social & AI Sentiment: - Fear & Greed Index: 0.20 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Edge accelerates its mission to bring DeFi and Web3 connectivity to the masses with the Dash Investment Foundation backing for the company’s current Series A. Scottsdale, Arizona, USA, June 02, 2022 (GLOBE NEWSWIRE) -- Dash Investment Foundation , an ownerless, memberless investment fund supporting projects that create a deeper integration of the Dash network with the cryptocurrency ecosystem, participated in an investment round into Airbitz Inc., DBA Edge during Q4 2021. The undisclosed investment is a part of Edge’s ongoing Series A funding round and will help accelerate our mission to bring Defi and Web3 connectivity to the masses. Dash Investment Foundation’s participation in Edge’s Series A also means that the fund will now promote Edge to the Dash community as a preferred wallet. Edge, in turn, is adding support for Dash InstantSend and DashDirect . DashDirect is a crypto payment and instant savings app powered by Dash, while Dash InstantSend is a Dash specific innovation allowing Dash payments to be accepted instantly with no confirmations by utilizing the network of Dash masternodes to pre-confirm a transaction within seconds. DashDirect offers users the ability to spend Dash at more than 155,000 retail locations, service providers and online stores across the U.S., including eBay, Best Buy, DoorDash, GameStop, The Home Depot, Subway, Uber, the NBA Store, and Domino’s Pizza. Additionally, DashDirect users are provided with strong financial incentive to switch to crypto purchases thanks to instant savings averaging 5% on their purchases. About Edge Edge is a self-custody exchange that supports the most popular cryptocurrencies on the market. Formerly known as Airbitz, the company was launched in 2014 as a Bitcoin-only wallet. Airbitz expanded and transformed into Edge in 2018 to provide a secure, private, and easy-to-use app to buy, sell, and trade dozens of cryptocurrencies. About Dash Investment Foundation Formed in 2019, the Dash Investment Foundation (DIF) supports the network’s growth by enabling enforceable legal and financial arrangements between the Dash DAO and traditional businesses seeking funding from the network. The DIF can hold assets on behalf of the network and redeploy profits into additional growth-oriented projects. Story continues DIF's notable investments include: 1. Craypay, a loyalty payment platform that enables users to save when spending with U.S. vendors. 2. CoinRoutes, an algorithmic trading software for traders, agencies and OTC desks. 3. Quadency, a cryptocurrency trading platform. 4. Bitfy, Latin America’s first multi-purpose, non-custodial cryptocurrency wallet. About Dash Dash is an open-source blockchain and cryptocurrency focused on offering a fast, cheap global payments network that is decentralized in nature. Since going live in 2014, Dash has grown to include features such as a two-tier network with incentivized nodes, including "masternodes," and decentralized project governance; InstantSend, which allows for instantly settled payments; ChainLocks, which makes the Dash blockchain instantly immutable; and PrivateSend, which offers additional optional privacy for transactions. CONTACT: Ernesto Contreras Dash Investment Foundation [email protected]... - Reddit Posts (Sample): [['u/symmetric69', '142,000 bitcoins could be dumped due to Mt.Gox settlement pretty soon', 194, '2022-07-08 00:56', 'https://www.reddit.com/r/Buttcoin/comments/vtvgel/142000_bitcoins_could_be_dumped_due_to_mtgox/', 'It seems that a total of 142,000 bitcoins could be dumped in the market by early traders who got scammed at the Mt. Gox debacle.\n\nhttps://www.mtgox.com/img/pdf/20220706_announcement_en.pdf\n\narticle source:\n\nhttps://bitcoinmagazine.com/markets/mt-gox-creditors-could-dump-142000-bitcoin', 'https://www.reddit.com/r/Buttcoin/comments/vtvgel/142000_bitcoins_could_be_dumped_due_to_mtgox/', 'vtvgel', [['u/Potential-Coat-7233', 49, '2022-07-08 01:00', 'https://www.reddit.com/r/Buttcoin/comments/vtvgel/142000_bitcoins_could_be_dumped_due_to_mtgox/if9rggx/', 'Decentralization leads to a large chunk of coins being frozen for 5 years.', 'vtvgel'], ['u/PneumaticAtol39', 43, '2022-07-08 01:25', 'https://www.reddit.com/r/Buttcoin/comments/vtvgel/142000_bitcoins_could_be_dumped_due_to_mtgox/if9uxf5/', 'My boner is asking, define pretty soon. This week? Month? Year?', 'vtvgel'], ['u/symmetric69', 36, '2022-07-08 01:43', 'https://www.reddit.com/r/Buttcoin/comments/vtvgel/142000_bitcoins_could_be_dumped_due_to_mtgox/if9xhdl/', 'From the Mt Gox link, it seems sell off could commence second half of August this year, in less than 2 months.\n\nSee item 4.', 'vtvgel'], ['u/Scared_Ad_5391', 16, '2022-07-08 01:48', 'https://www.reddit.com/r/Buttcoin/comments/vtvgel/142000_bitcoins_could_be_dumped_due_to_mtgox/if9y8fr/', "My boner is too sore from the last few weeks' rollercoaster. I'm happy with a month or two of respite", 'vtvgel'], ['u/giziti', 90, '2022-07-08 01:56', 'https://www.reddit.com/r/Buttcoin/comments/vtvgel/142000_bitcoins_could_be_dumped_due_to_mtgox/if9zfrn/', 'Kind of wild that the 142,000 bitcoins coming out of this are so much more valuable now than the entirety of Mt Gox at that time.', 'vtvgel'], ['u/PneumaticAtol39', 13, '2022-07-08 02:03', 'https://www.reddit.com/r/Buttcoin/comments/vtvgel/142000_bitcoins_could_be_dumped_due_to_mtgox/ifa0aj1/', 'RemindMe! In 2 months.', 'vtvgel'], ['u/PneumaticAtol39', 13, '2022-07-08 02:03', 'https://www.reddit.com/r/Buttcoin/comments/vtvgel/142000_bitcoins_could_be_dumped_due_to_mtgox/ifa0cab/', 'Lightweight!', 'vtvgel'], ['u/rockstarfish', 21, '2022-07-08 02:06', 'https://www.reddit.com/r/Buttcoin/comments/vtvgel/142000_bitcoins_could_be_dumped_due_to_mtgox/ifa0pen/', 'Good Gambling', 'vtvgel'], ['u/EnclosureOfCommons', 60, '2022-07-08 02:15', 'https://www.reddit.com/r/Buttcoin/comments/vtvgel/142000_bitcoins_could_be_dumped_due_to_mtgox/ifa1zof/', 'Wouldnt a sell off of this magnitude trigger a collapse in price? Even fear of this sell off would, no?', 'vtvgel'], ['u/barsoapguy', 82, '2022-07-08 02:46', 'https://www.reddit.com/r/Buttcoin/comments/vtvgel/142000_bitcoins_could_be_dumped_due_to_mtgox/ifa64bz/', 'In a rational world it absolutely would , if the crypto plebs were even halfway intelligent they would see the freight train coming and dip now .', 'vtvgel'], ['u/EnclosureOfCommons', 11, '2022-07-08 02:56', 'https://www.reddit.com/r/Buttcoin/comments/vtvgel/142000_bitcoins_could_be_dumped_due_to_mtgox/ifa7ke6/', 'Huh, I do wonder what economists think of the insane bitcoin bubble and the EMH. On the one hand it seems like a refutation, on the other the fact that none of the bitcoiners seem to have actually beaten the general market seems strengthen it?\n\nAlthough this reasoning may be a bit of an intuition pump, rationality in economics just means something very different than rationality as in spinoza or liebniz. I.e. "rational world". Who\'s actually doing the intuition pumping is up for debate though, lol.', 'vtvgel'], ['u/hyperelastic', 27, '2022-07-08 03:00', 'https://www.reddit.com/r/Buttcoin/comments/vtvgel/142000_bitcoins_could_be_dumped_due_to_mtgox/ifa83p0/', 'That pdf says that people have a choice whether to receive cash or Bitcoin - I assume most will choose Bitcoin. The sell pressure won’t be quite that large in this case.\n\nBy August I expect the sell pressure from failing miners to have already tanked the price', 'vtvgel'], ['u/leetuns', 24, '2022-07-08 03:01', 'https://www.reddit.com/r/Buttcoin/comments/vtvgel/142000_bitcoins_could_be_dumped_due_to_mtgox/ifa8444/', 'looks like butters get to have a crash course in liquidity vs price', 'vtvgel'], ['u/MKorostoff', 22, '2022-07-08 03:01', 'https://www.reddit.com/r/Buttcoin/comments/vtvgel/142000_bitcoins_could_be_dumped_due_to_mtgox/ifa87fd/', 'Ultimate forced hodl mode', 'vtvgel'], ['u/symmetric69', 12, '2022-07-08 03:02', 'https://www.reddit.com/r/Buttcoin/comments/vtvgel/142000_bitcoins_could_be_dumped_due_to_mtgox/ifa8add/', 'some of them arguing in twitter "hey look at binance\'s volume, tis nuthin\', price will hold nice"', 'vtvgel'], ['u/leetuns', 16, '2022-07-08 03:06', 'https://www.reddit.com/r/Buttcoin/comments/vtvgel/142000_bitcoins_could_be_dumped_due_to_mtgox/ifa8ts4/', 'they’d be stupid not to liquidate immediately', 'vtvgel'], ['u/Uncaffeinated', 17, '2022-07-08 03:08', 'https://www.reddit.com/r/Buttcoin/comments/vtvgel/142000_bitcoins_could_be_dumped_due_to_mtgox/ifa939i/', 'There are lot of obvious examples of markets not being perfectly efficient - like the whole memestock craze.', 'vtvgel'], ['u/negropasion', 13, '2022-07-08 03:10', 'https://www.reddit.com/r/Buttcoin/comments/vtvgel/142000_bitcoins_could_be_dumped_due_to_mtgox/ifa9f60/', 'This is bitcoin for good', 'vtvgel'], ['u/RidingUndertheLines', 18, '2022-07-08 04:19', 'https://www.reddit.com/r/Buttcoin/comments/vtvgel/142000_bitcoins_could_be_dumped_due_to_mtgox/ifaii1m/', "The efficient market hypothesis is more of a guideline than a rule, isn't it? Obviously it's not going to right all the time, so it's just something to keep in mind if you think you're smarter than everyone else. Sometimes you are, normally you're not.", 'vtvgel'], ['u/ckach', 17, '2022-07-08 04:50', 'https://www.reddit.com/r/Buttcoin/comments/vtvgel/142000_bitcoins_could_be_dumped_due_to_mtgox/ifamo78/', "If I'm hearing a hot investment tip, it's already too late and it's already priced in.", 'vtvgel']]], ['u/RonPaulWasR1ght', 'What do I tell my old friends who are no-coiners, when they needle me about the Bitcoin price?', 139, '2022-07-08 02:00', 'https://www.reddit.com/r/Bitcoin/comments/vtwtmq/what_do_i_tell_my_old_friends_who_are_nocoiners/', 'So, I\'ve got some old friends back home, going back to college days. I\'ve tried to orange pill each of them at various times. Some of them were respectful about it and said thanks but no thanks. Others told me I\'m a complete fool. Now, this was back when Bitcoin was $40-60k. As in, much of last year. Well, now that it\'s really dropped, these guys are making fun of me and laughing in the most low and snide manner. Asking me "How\'s Bitcoin doing?" and things like that, which are obviously snarky and snide, as they can look up how Bitcoin is doing any time. \n\nWhat do I say to them, guys? Seriously, I\'m taking flak and getting made fun of! What do I do about that?', 'https://www.reddit.com/r/Bitcoin/comments/vtwtmq/what_do_i_tell_my_old_friends_who_are_nocoiners/', 'vtwtmq', [['u/Halo22B', 18, '2022-07-08 02:05', 'https://www.reddit.com/r/Bitcoin/comments/vtwtmq/what_do_i_tell_my_old_friends_who_are_nocoiners/ifa0lol/', 'Nice friends....tell me why you hang out with them again?', 'vtwtmq'], ['u/SkipAndGo', 273, '2022-07-08 02:07', 'https://www.reddit.com/r/Bitcoin/comments/vtwtmq/what_do_i_tell_my_old_friends_who_are_nocoiners/ifa0tr5/', 'Ask them how their 401k is doing. That should shut them up.', 'vtwtmq'], ['u/plixtern', 103, '2022-07-08 02:07', 'https://www.reddit.com/r/Bitcoin/comments/vtwtmq/what_do_i_tell_my_old_friends_who_are_nocoiners/ifa0x1g/', "Firstly, I don't recommend trying to orange pill people unless they come to you asking about bitcoin and wanting to learn about it.\n\nSecondly, these people don't sound very much like friends. They sound more like acquaintances. Friends wouldn't behave like that.", 'vtwtmq'], ['u/jamesblacklock', 16, '2022-07-08 02:07', 'https://www.reddit.com/r/Bitcoin/comments/vtwtmq/what_do_i_tell_my_old_friends_who_are_nocoiners/ifa0y1h/', "I think if that type of needling is getting to you, it might be the case that you actually feel stupid. I have friends who try to do that type of thing, but it rolls off, because it's obvious to me that they have no idea what they are talking about.\n\nAnyway, this isn't Bitcoin advice, but rather life advice: I wouldn't waste time getting into a debate with a troll. They aren't making genuine arguments, so you shouldn't either. Troll them back even harder. It's fun and they don't expect it.\n\n(on the other hand, you yourself may have just trolled me lol. but I'm assuming a good faith question here.)", 'vtwtmq'], ['u/solomonsatoshi', 10, '2022-07-08 02:08', 'https://www.reddit.com/r/Bitcoin/comments/vtwtmq/what_do_i_tell_my_old_friends_who_are_nocoiners/ifa0zya/', "Why do you invest in Bitcoin?\n\nDo you understand how fiat money works?\n\nDo your friends?\n\nGuessing just maybe you and your friends don't understand fiat money or bitcoin.\n\nDon't buy Bitcoin unless you understand it (and fiat) and therefore understand Bitcoin is a revolution seeking to restore monetary integrity, NOT a get rich quick scheme.", 'vtwtmq'], ['u/dadlif3', 202, '2022-07-08 02:15', 'https://www.reddit.com/r/Bitcoin/comments/vtwtmq/what_do_i_tell_my_old_friends_who_are_nocoiners/ifa21kk/', "Who cares? I like Bitcoin, it doesn't bother me in the slightest if someone else doesn't like it.", 'vtwtmq'], ['u/gmhiker33', 71, '2022-07-08 02:25', 'https://www.reddit.com/r/Bitcoin/comments/vtwtmq/what_do_i_tell_my_old_friends_who_are_nocoiners/ifa3aks/', "Don't tell them anything. \n\nJust remember:\n\nHe who laughs last, laughs best.", 'vtwtmq'], ['u/fxhst329', 70, '2022-07-08 02:36', 'https://www.reddit.com/r/Bitcoin/comments/vtwtm... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Key Insights: It was a choppy Friday for the crypto top ten, with Ethereum (ETH) and Solana (SOL) struggling. Investor reaction towards the US nonfarm payroll figures tested buying appetite, with bitcoin failing to hold onto the $22,000 handle. The total crypto market cap declined by $6.8 billion to record the second fall in seven sessions. It was a bearish Friday session for the crypto top ten. Bitcoin ( BTC ) ended the day flat, while SOL and ETH struggled. Fears of a recession eased, with US nonfarm payroll figures highlighting another surge in hiring. In June, nonfarm payrolls increased by 372k, following a 384k jump in May. However, the sharp increase in hiring also raised concerns that the Fed may hike rates more aggressively this month. Sentiment shifted despite the less hawkish FOMC meeting minutes. On Wednesday, the FOMC meeting minutes highlighted the risk of rate hikes having a ‘larger-than-expected effect on economic growth.’ Prior to the minutes, the markets had priced in a 75 basis point rate hike for July. However, the minutes revealed that participants judged a 50 or 75 basis point increase as appropriate. The nonfarm payroll numbers could allow the Fed to deliver another 75 basis point rate hike before taking the foot off the gas. In response to the NFP numbers, the NASDAQ 100 hit reverse before finding late support to eke out a 0.12% gain. The crypto market tracked the NASDAQ throughout the day before a post-US market close pullback. Total Market Cap – NASDAQ – 090722 5 Min Chart The Total Crypto Market Cap Sees Modest Decline A bullish start to the Friday session saw the crypto market cap strike a high of $962 billion. In response to the NFP numbers, the market cap slid to a low of $916 billion before wrapping up the day at $930 billion. Total Market Cap 090722 Daily Chart NASDAQ 100 support was again the key, though the $1 trillion mark remained elusive. Despite the NFP figures, the threat of a global economic recession remained. The numbers also delivered market uncertainty over the July Fed monetary policy decision. Story continues The Crypto Market Movers and Shakers from the Top Ten and Beyond ADA (-2.51%) and DOGE (-2.07%) led the way down, with losses of 2.51% and 2.07%, respectively. ETH also struggled, falling by 1.94%. BTC slipped by 0.09%, with BNB (-0.33%), SOL (-0.90%), and XRP (-0.88%) seeing modest losses. From the CoinMarketCap top 100, Quant ( QNT ) led the way, rallying by 13%, with Internet Computer ( ICP ) gaining 11%. Polygon ( MATIC ) and 1inchNetwork ( 1INCH ) were also among the front runners. Total Crypto Liquidations Reflect Poorer Market Conditions As a result of the mixed session, 24-hour liquidations inched up through the Friday session. This morning, 24-hour liquidations stood at $215 million, up from $169 million on Friday morning. Liquidated traders over the last 24 hours also increased. At the time of writing, liquidated traders stood at 51,694 versus 42,406 on Friday. One-hour liquidations reflected a late crypto market pullback. According to Coinglass , one-hour liquidations stood at $10.6 million, up from $1.36 million on Friday. Those tracking crypto liquidations will look for a return to sub-$1 million over the weekend. Total Crypto Liquidations 090722 Daily News Highlights The crypto market brushed aside the US Treasury framework for digital assets. DeFi platform Aave (AAVE) unveiled another decentralized stablecoin. A Californian resident filed a lawsuit against Solana (SOL) for selling unregistered securities tokens. Fed Vice Chair Brainard talked of the need for strong crypto regulations to mitigate crypto risks to financial stability. UK thinktank the City of London Corporation called for global rules for cryptos to enable smooth cross-border and wholesale central bank digital asset (CBDC) payments. The fallout from the Three Arrows Capital (3AC) collapse continued. Blockchain.com faced a $270 million write-down on loans to 3AC. This article was originally posted on FX Empire More From FXEMPIRE: Gun groups challenge California ban on firearms marketing to kids CEO of Canada’s Suncor Energy steps down after latest site fatality Japanese mourn ex-PM Shinzo Abe a day after his assassination Bitcoin (BTC) Fear & Greed Index Forms Upward Trend by Hitting 24/100 Twitter vows legal fight after Musk pulls out of $44 billion deal Blinken says no substitute for face-to-face diplomacy wih China meeting', '• It was a choppy Friday for the crypto top ten, with Ethereum (ETH) and Solana (SOL) struggling.\n• Investor reaction towards the US nonfarm payroll figures tested buying appetite, with bitcoin failing to hold onto the $22,000 handle.\n• The total crypto market cap declined by $6.8 billion to record the second fall in seven sessions.\nIt was a bearish Friday session for thecryptotop ten. Bitcoin (BTC) ended the day flat, whileSOLandETHstruggled.\nFears of a recession eased, with US nonfarm payroll figures highlighting another surge in hiring. In June, nonfarm payrolls increased by 372k, following a 384k jump in May.\nHowever, the sharp increase in hiring also raised concerns that the Fed may hike rates more aggressively this month. Sentiment shifted despite the less hawkish FOMC meeting minutes.\nOn Wednesday, theFOMC meeting minuteshighlighted the risk of rate hikes having a ‘larger-than-expected effect on economic growth.’ Prior to the minutes, the markets had priced in a 75 basis point rate hike for July. However, the minutes revealed that participants judged a 50 or 75 basis point increase as appropriate.\nThe nonfarm payroll numbers could allow the Fed to deliver another 75 basis point rate hike before taking the foot off the gas.\nIn response to the NFP numbers, the NASDAQ 100 hit reverse before finding late support to eke out a 0.12% gain. The crypto market tracked the NASDAQ throughout the day before a post-US market close pullback.\nA bullish start to the Friday session saw the crypto market cap strike a high of $962 billion.\nIn response to the NFP numbers, the market cap slid to a low of $916 billion before wrapping up the day at $930 billion.\nNASDAQ 100 support was again the key, though the $1 trillion mark remained elusive.\nDespite the NFP figures, the threat of a global economic recession remained. The numbers also delivered market uncertainty over the July Fed monetary policy decision.\nADA(-2.51%) andDOGE(-2.07%) led the way down, with losses of 2.51% and 2.07%, respectively.ETHalso struggled, falling by 1.94%.\nBTCslipped by 0.09%, withBNB(-0.33%),SOL(-0.90%), andXRP(-0.88%) seeing modest losses.\nFrom theCoinMarketCaptop 100, Quant (QNT) led the way, rallying by 13%, with Internet Computer (ICP) gaining 11%.\nPolygon (MATIC) and 1inchNetwork (1INCH) were also among the front runners.\nAs a result of the mixed session, 24-hour liquidations inched up through the Friday session.\nThis morning, 24-hour liquidations stood at $215 million, up from $169 million on Friday morning.\nLiquidated traders over the last 24 hours also increased. At the time of writing, liquidated traders stood at 51,694 versus 42,406 on Friday.\nOne-hour liquidations reflected a late crypto market pullback.\nAccording toCoinglass, one-hour liquidations stood at $10.6 million, up from $1.36 million on Friday. Those tracking crypto liquidations will look for a return to sub-$1 million over the weekend.\n• The crypto marketbrushedaside the US Treasury framework for digital assets.\n• DeFi platform Aave (AAVE)unveiledanother decentralized stablecoin.\n• A Californian residentfileda lawsuit against Solana (SOL) for selling unregistered securities tokens.\n• Fed Vice Chair Brainardtalkedof the need for strong crypto regulations to mitigate crypto risks to financial stability.\n• UK thinktank the City of London Corporationcalledfor global rules for cryptos to enable smooth cross-border and wholesale central bank digital asset (CBDC) payments.\n• The fallout from the Three Arrows Capital (3AC) collapse continued. Blockchain.comfaceda $270 million write-down on loans to 3AC.\nThisarticlewas originally posted on FX Empire\n• Gun groups challenge California ban on firearms marketing to kids\n• CEO of Canada’s Suncor Energy steps down after latest site fatality\n• Japanese mourn ex-PM Shinzo Abe a day after his assassination\n• Bitcoin (BTC) Fear & Greed Index Forms Upward Trend by Hitting 24/100\n• Twitter vows legal fight after Musk pulls out of $44 billion deal\n• Blinken says no substitute for face-to-face diplomacy wih China meeting', 'Key Insights: It was a choppy session on Friday, with bitcoin (BTC) falling into the red in the final hour of the session. Economic data from the US eased recession jitters, with the NASDAQ managing to avoid the red to deliver support. The Bitcoin Fear & Greed Index rose to 24/100 despite the choppy Friday session. On Friday, bitcoin ( BTC ) slipped by 0.09%. Following a 5.19% rally from Wednesday, BTC ended the day at $21,593. A bullish start to the day saw BTC break through the First Major Resistance Level at $22,221 to strike a high of $22,377 Coming up short of $22,500, BTC slid to a low of $21,183 as investors responded to the US nonfarm payroll figures for June. However, steering clear of the First Major Support Level at $20,621, bitcoin bounced back to test resistance at $22,000 before easing back. In June, US nonfarm payrolls jumped by 372k, following a 384k rise in May. The sharp increase eased fears of an imminent recession. However, the June figure also gives the Fed the wiggle room to deliver another 75-basis point rate hike this month. Following the Thursday 2.28% rally, the NASDAQ rose by 0.12% to end the week up 4.6%. The positive end to the week delivered BTC support before a final-hour pullback. BTC-NASDAQ 090722 5 Minute Chart Bitcoin Fear & Greed Index Jumps to 24/100 This morning, the Fear & Greed Index rose from 20/100 to 24/100. A shift in market sentiment, in response to the Fed minutes, continued to support the move to Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-07-09 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $414,258,492,824 - Hash Rate: 194191927.5551512 - Transaction Count: 220708.0 - Unique Addresses: 576270.0 Social & AI Sentiment: - Fear & Greed Index: 0.24 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: (Bloomberg) -- Most Read from Bloomberg China Alarms US With Private Warnings to Avoid Taiwan Strait Global Rout Deepens as Outsized Rate Hike in Play: Markets Wrap Bitcoin Tumbles to 18-Month Low as US Inflation Impact Spreads China Is Walking Back Virus Loosening Weeks After Reopening Powell Facing Choice Between Elevated US Inflation and Recession The phone call that Boris Johnson was bracing for finally came as he was preparing for Sundays Platinum Jubilee finale. Conservative Party grandee Graham Brady confirmed that more than 15% of the prime ministers own MPs had submitted letters of no-confidence. A vote on his future was imminent. For hours, though, Johnson was unable to react. Instead he sat looking untroubled in a makeshift royal box near Buckingham Palace watching a parade of soldiers, James Bond cars and celebrity bakers celebrate the Queens 70 years on the throne. A couple of seats away sat Labour leader Keir Starmer, unaware of the new threat to his political rival. The four-day Jubilee extravaganza came after months of meticulous planning. By contrast, the quickfire Conservative leadership vote was the result of months of unease over Johnsons conduct that boiled into anger at partygate revelations of illegal gatherings in Downing Street during the pandemic. The prime minister ended up winning the confidence motion by 211 votes to 148. But four out of 10 Conservative MPs voted against their own leader a humiliating blow. Now Johnson is attempting a reset of his premiership the latest in a long line of reboots even as the cost-of-living crisis bites ever-deeper and a pair of dangerous local elections threaten to bring more bad news. But that might not be enough. One senior MP said he wasnt surprised by the scale of the rebellion because anger toward Johnson crucially, from all wings of the party has been building for months. The result could be a quick resumption of debilitating backbiting. He is now fighting for his survival day in, day out, former Conservative cabinet minister Rory Stewart told the BBC on Thursday night. Story continues Jane Green, professor of British politics at Nuffield College, University of Oxford, warned that Johnson would never fully regain his popular appeal. A recovery in the prime ministers ratings would defy all political odds and gravity, she said. The only thing in his favor is that he might still be preferred to other leaders among Leave voters. But many now wont forgive him. The stakes couldnt be higher for him to meet their expectations and hopes on Brexit. Supermarket Despair It was only on May 25 that Johnson insisted a final partygate report by civil servant Sue Gray cleared him of further blame. Yet the mood of Tory MPs tipped during a week-long break from Parliament ahead of the Jubilee. Many found only anger and outrage in their constituencies. One former minister told Bloomberg he knew the tables had turned when long-term supporters accosted him about Johnson in the local supermarket, apologizing but saying they could no longer vote Conservative. By Monday, the morning after calling Johnson, Brady was on a chilly Westminster green announcing that evenings vote. The quick turnaround ratcheted up the tensions. Downing Streets arm-twisting would include Johnson writing three-page letters to every Tory MP, individually signed. The eventual rejection by 41% of them clearly hurt the prime minister, who looked shell-shocked after the vote, according to Andrew Gimson, author of Boris: The Making of the Prime Minister. Only hours earlier, Johnson addressed backbench Tory MPs, imploring them to support them. Hed made his pitch and it hadnt been good enough for so many of them, Gimson said. Of course, hes quite determined to power on through it and recover and mend fences but you can see in his face he recognized it was a tremendous rejection by a large part of the party. Johnson is already determined to as he put it on Monday bash on. He unveiled a scattergun series of policy announcements on Thursday, mostly intended as red meat for Conservative voters and MPs, including plans to allow people to use benefits to buy homes and a vow to cut taxes sooner rather than later. Yet the housing plans were instantly blasted by critics as unworkable, while the pledge to make his government a more traditional, low-tax Conservative administration lacked credibility because the UK tax burden is currently on track to be its highest since the 1950s including recent increases brought in on Johnsons watch. While some plans are criticized as ill-thought-through, others are being delayed. Legislation designed to override the Brexit deal relating to Northern Ireland has been pushed back to Monday amid concerns that it breaches international law. The date of a joint speech on the economy from Johnson and Chancellor Rishi Sunak looks set to slip to next month. Meanwhile Westminster buzzes with chatter of a looming ministerial reshuffle, with those who failed to back him strongly enough this week potentially in line for demotion. Uncertain Future Johnsons premiership remains highly uncertain. There is now no doubt about the scale of unhappiness among Conservative MPs; the only questions that remain are about the next moment to strike. He is nominally safe from another no-confidence vote for 12 months, but that could be shortened with a straightforward rule change. Boris Johnson Clings to Power, But Question Is for How Long Imminent dangers include two key by-elections (special elections for individual seats) on June 23. The Tories are expected to lose both one to Labour in Wakefield, in northern Englands so-called red wall, and the other to the Liberal Democrats in normally safe Tiverton and Honiton, in the south-west. A House of Commons committee is also investigating whether Johnson deliberately misled Parliament over partygate, and looks set to report in October. Whats unclear is the potential impact of further setbacks. Johnson has already lasted longer in office than many critics thought he would, refusing to resign after becoming the first prime minister found to have broken the law while in office. Some Tory MPs were buoyed by Johnsons performance at Wednesdays Prime Ministers Questions, his first test since the confidence vote, with many privately gleeful at what they saw as a lackluster performance by Starmer. One Johnson ally said a number of Tory MPs, including some rebels, were impressed with how he performed. Whatever the motivations of the rebels, the latest chapter in Boris Johnsons dramatic political career ended this week with the prime minister hemmed in by his foes but poised to fight another day, looking over his shoulder for the next looming threat. With no obvious successor emerging from either his cabinet or restive Conservative backbenches, even a wounded Johnson could limp on for some time yet. Most Read from Bloomberg Businessweek A Billion-Dollar Crypto Gaming Startup Promised Riches and Delivered Disaster A Parisian General Stores Radical Message for Its Customers? Buy Less Wall Street Executives Cant Stop Talking About a Recession The IRS Is Coming for Your Venmo Income Soaring Oil Prices Force Biden to Engage With Saudis Hed Spurned ©2022 Bloomberg L.P.... - Reddit Posts (Sample): [['u/The_Pathetic_Rookie', 'Who is the most popular P101 Companion', 24, '2022-07-09 00:53', 'https://www.reddit.com/r/Pirate101/comments/vun6cl/who_is_the_most_popular_p101_companion/', "I was wondering who the most popular companion, and the general opinion of ALL of the companions, so I decided to hold popularity polls for them. So, when you get the chance, can you fill out the poll for these companions??? Thx\n\n Buc Pop Poll: [https://forms.gle/MG8kkxnXUgfuyBMF7](https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbHJnWEt2Z3pZNjAzVWtBTEh4U2tuM0lvVEI2Z3xBQ3Jtc0traFptX3Y1MlNCSnFVelFMZTFzZUgwaE84OVVTenRTemtDVkowTnlCa2QyMmpCS1ZBMEFCRDVsdEZmRnp1dU5xRmk3UkJDbVJsTHFuSDJiTmJxUVFjNW1rRy1wT3FocElFZTVXSWczWFBBak9uV3QzZw&q=https%3A%2F%2Fforms.gle%2FMG8kkxnXUgfuyBMF7&v=3OlHEv0TmJk) \n\nSwash Pop Poll: [https://forms.gle/ngK8ATWb77gTPVJx8](https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqa1Q0LTBaS3AyV3B1R25weW5IcmQ0NmVBczYtd3xBQ3Jtc0tubFlTb3JHNGZ2alBGVWtnYjlfWjNfLXAwNWRDcTJyek8tcnV2WnVUclI4d3AzOTVPYjNDYzZPQ21TT0UtX1c5bUhhdWdDX044OHFfT25pWlh1Q19iVnRmb2tjOGVFMDE1Z2hIR19GMWNBVlpfSWNjWQ&q=https%3A%2F%2Fforms.gle%2FngK8ATWb77gTPVJx8&v=3OlHEv0TmJk) \n\nPrivy Pop Poll: [https://forms.gle/NeKT5otG5aPMQLis6](https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbi1nVEJkbzBZamJiV2dZczZBalk2RmZqdmFud3xBQ3Jtc0tsX3JwcFdwcGN6a2xfZ2pqWnRkYkJuNU9GdEhVUUlnNnlXS1p2djVpOXItenRndUFqeU9EZWlZTi0ycWZEZEpsM1FIZHJDN1hMNWxSWlNscWxBRFJGekJRSFVGdzhKNGtOMHE5SjFBZHpTWnBZYWlaNA&q=https%3A%2F%2Fforms.gle%2FNeKT5otG5aPMQLis6&v=3OlHEv0TmJk) \n\nMusket Pop Poll: [https://forms.gle/toCXx7VbX1M3NfNY6](https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqa1pVXzQ4eGZsejd3RzkwVjBUMkJrVHpGWlM0UXxBQ3Jtc0trMXJ3NzBTc0NldTU0eTlQWENETG9JdDhOSGZDblJpRDNMa1Z4UXFlNjc4TmpSX3ZmWXEtVzZhS29Uc3pjb1hwYXc4UXZ4M3lyS2UyUTJQelROWGhPVnNRZzE4QmI1Qkx2Ulp1SGdSMkI1WFU5Z29Ccw&q=https%3A%2F%2Fforms.gle%2FtoCXx7VbX1M3NfNY6&v=3OlHEv0TmJk) \n\nWitch Pop Poll: [https://forms.gle/AL6iR1zrsX4bPx3EA](https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbWtQY3JvQTZJM0hSU1d6ZF9jMkZFMS1VUHFVUXxBQ3Jtc0trejlUV3RidzF3S2RXWjZIZXFjNEh0azVUcE0tbFpUc28yYXcxWUNORldHMFRUMmNfNFdUQ2tLRHZZaHh3dHB5ZUd6YWtSd3ZJSXJ2dnpXVG92MHY1aDRfMGdUX1YwaGliX0l0WHppcG9DcEhNdEx6Zw&q=https%3A%2F%2Fforms.gle%2FAL6iR1zrsX4bPx3EA&v=3OlHEv0TmJk) \n\nResults will be held later on YT, on The\\_Rookie's channel", 'https://www.reddit.com/r/Pirate101/comments/vun6cl/who_is_the_most_popular_p101_companion/', 'vun6cl', [['u/Pristine_Ad_7799', 12, '2022-07-09 01:23', 'https://www.reddit.com/r/Pirate101/comments/vun6cl/who_is_the_most_popular_p101_companion/ifeqbbz/', 'Old scratch probably', 'vun6cl'], ['u/Mesoooosad', 23, '2022-07-09 01:25', 'https://www.reddit.com/r/Pirate101/comments/vun6cl/who_is_the_most_popular_p101_companion/ifeqojw/', 'Bonnie fs', 'vun6cl']]], ['u/wrg5y5ye5y5e6', 'The whales cannot cash out, so what is the endgame for the whales?', 81, '2022-07-09 02:09', 'https://www.reddit.com/r/Buttcoin/comments/vuoqyf/the_whales_cannot_cash_out_so_what_is_the_endgame/', 'When you read that the "market cap" of crypto is 1T$, that is bullshit. That value is obtained by multiplying the current marginal price by the amount of tokens minted, but the moment a whale tries to cash out a sizeable amount of butt for $€£¥, the price of BTC and all other currencies would plummet.\n\nThis is true of stocks as well in principle, but with cryptos the prices are much more volatile for the simple reason that crypto is intrinsically worthless except for black market purposes: Arms dealing, drugs, kidnap ransoms, pedopornography, and so on. \n\nSo the whales cannot cash out in real money. There just aren\'t enough idiots around to buy the pile of fake coins the whales have been creating out of thin air and awarding themselves.\n\nWe have learnt recently that crypto whales have been financing political parties in the USA in larger amounts than weapon manufacturers and big pharma:\n\nhttps://old.reddit.com/r/Buttcoin/comments/v5ht5i/crypto_industry_eclipses_defense_big_pharma_in_us/\n\nThe goal has to be to create channels to convert butt into real currency or funnel it into the real economy somehow, I am convinced. What legislation are whales lobbying for, in your opinion?', 'https://www.reddit.com/r/Buttcoin/comments/vuoqyf/the_whales_cannot_cash_out_so_what_is_the_endgame/', 'vuoqyf', [['u/PneumaticAtol39', 32, '2022-07-09 02:17', 'https://www.reddit.com/r/Buttcoin/comments/vuoqyf/the_whales_cannot_cash_out_so_what_is_the_endgame/ifex8x3/', 'Whales are not a single entity. They never put their own money in the game. They will move on to the next scam just like they moved on to Crypto after 2008. If an asteroid were to strike the Earth tomorrow, only the Whales and the Cockroaches would survive.', 'vuoqyf'], ['u/anyprophet', 92, '2022-07-09 02:19', 'https://www.reddit.com/r/Buttcoin/comments/vuoqyf/the_whales_cannot_cash_out_so_what_is_the_endgame/ifexfac/', "I suspect they're currently cashing out very slowly in tiny increments. but ultimately they need things to continue on as they are forever.", 'vuoqyf'], ['u/wrg5y5ye5y5e6', 29, '2022-07-09 02:26', 'https://www.reddit.com/r/Buttcoin/comments/vuoqyf/the_whales_cannot_cash_out_so_what_is_the_endgame/ifeyb9w/', 'Concentration seems to be increasing with time so the little amounts they are cashing out are but drops in their buckets.\n\nIf they could get e.g. states and municipalities to buy crypto, they could cash out quick and in huge quantities.', 'vuoqyf'], ['u/wrg5y5ye5y5e6', 21, '2022-07-09 02:30', 'https://www.reddit.com/r/Buttcoin/comments/vuoqyf/the_whales_cannot_cash_out_so_what_is_the_endgame/ifeyv61/', '> They never put their own money in the game. \n\nPartly they did if they run mining farms, by investing in hardware, electricity, infrastructure, and so on.\n\nBut regardless, they are sitting on hundreds of billions of nominal unrealised gains that they cannot use for anything. Just moving on to the next scam is not their best option at this point, scams of this scale happen once in a century if not in a millennium.', 'vuoqyf'], ['u/Bad_Finance_Advisor', 13, '2022-07-09 02:33', 'https://www.reddit.com/r/Buttcoin/comments/vuoqyf/the_whales_cannot_cash_out_so_what_is_the_endgame/ifez84j/', "If I am not mistaken, a pair of senators recently propose a crypto regulatory bill and in that bill, there's a passage, linking certain crypto firms to the Fed's payment system. Ironically, one of those firm, Custodia, is suing the federal reserve for delaying an application.", 'vuoqyf'], ['u/PneumaticAtol39', 21, '2022-07-09 02:58', 'https://www.reddit.com/r/Buttcoin/comments/vuoqyf/the_whales_cannot_cash_out_so_what_is_the_endgame/iff2b5j/', "Whales are people like Armstrong, Bankman-Fried, Larsen, etc. and several nameless agents of investment firms which move the market and have their fingers in several crypto pies. They do have a high net worth but they are way too good at raising money. Mining firms are generally seperate entities which may of course get their capital from whales but they aren't central to the manipulation, more like a necessity to get the game going on.\n\n&#x200B;\n\n>scams of this scale happen once in a century if not in a millennium\n\nCrypto scam is not that big, its market cap was like $3 trillion, down to under 1 now. Dotcom bubbles [losses](https://corporatefinanceinstitute.com/resources/knowledge/trading-investing/dotcom-bubble) itself were $5 trillion in 2002 money, Losses from 2008 [crisis](https://www.washingtonpost.com/business/economy/a-guide-to-the-financial-crisis--10-years-later/2018/09/10/114b76ba-af10-11e8-a20b-5f4f84429666_story.html) were $8 trillion in stock market and around 10 trillion in housing prices. These are of course mostly unrealized gains so I think it is okay to compare. I would not say it is scam of the century especially when subprime happened just 14 years ago.\n\nMy main point is that whales don't need to have an endgame like parasites don't have an endgame, they will jump to another host, greener pastures, new loopholes to exploit. Look at Saylor I mean, Dotcom veteran, still staying relevant doing what he does best.", 'vuoqyf'], ['u/rascellian99', 17, '2022-07-09 03:33', 'https://www.reddit.com/r/Buttcoin/comments/vuoqyf/the_whales_cannot_cash_out_so_what_is_the_endgame/iff6iut/', ">Crypto scam is not that big, its market cap was like $3 trillion, down to under 1 now. \n\nBernie Madoff's ponzi scheme was the largest in history, raking in just under $65 billion.\n\nI think a $1 trillion scam is a pretty big deal.\n\n>Crypto scam is not that big, its market cap was like $3 trillion, down to under 1 now. Dotcom bubbles losses itself were $5 trillion in 2002 money, Losses from 2008 crisis were $8 trillion in stock market and around 10 trillion in housing prices.\n\nNeither of those were scams. Both of them were bubbles, but it's hard to argue that a handful of people caused the bubbles for the sole purpose of stealing money from people. There was a lot of shady stuff happening in the subprime mortgage markets, but shady activity, greed, and even breaking the law does not on its own make it a scam.", 'vuoqyf'], ['u/Ok_Loan9387', 44, '2022-07-09 03:40', 'https://www.reddit.com/r/Buttcoin/comments/vuoqyf/the_whales_cannot_cash_out_so_what_is_the_endgame/iff7g1g/', 'I think the main regulatory goal, or one of them at least, is to get into 401K. That means normalizing crypto through marketing to appeal to mainstream investors and getting regulators on board through lobbying. They’ve been trying like crazy to do both. If Americans start putting retirement savings into crypto that would represent a large new base to the crypto pyramid and provide a lot of exit liquidity.\nAnother big goal of lobbyists is to get approval for a spot bitcoin ETF... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["Photo Illustrations by Luis G. Rendon/The Daily Beast/Getty Greg—and we’ll just call him Greg, because he’s a little unsure about having his full name out there, for reasons that will soon become apparent—knew nothing about bitcoin when a friend told him it could change his life. A 54-year-old ex-pat working for a major international company in Europe, Greg had generally played it pretty safe with his investments. But in the fall of 2018, a college buddy told him about a man named David Saffron, who he claimed could double his money in crypto in a matter of weeks. “I resisted, I said I didn’t understand it, I didn’t understand crypto currency at all,” Greg told The Daily Beast. “But he kept showing me screenshots of David’s platform, that he was accruing more and more.” Greg followed the price of bitcoin for the next few months, and when it stayed relatively stable, he reconsidered his skepticism. His friend introduced him to Saffron, who told him he was a computer programmer who had invented an artificial-intelligence trading bot that could beat the market. If Greg bought three bitcoins from him, Saffron said—the equivalent of about $12,000—he would give him 7.5 bitcoins back in three months. Greg called his bank and told them to wire the money to the bank account for a company in Wyoming. The bank was hesitant—the transaction seemed fishy—but Greg was insistent. They wired the funds. “I said, ‘Geez, this seems exciting, it seems sexy,’” Greg said of the investment platform. “It felt like a magical world we were getting into, it felt like cutting edge stuff.” “I was like, one time I’ll roll the dice,” he added. “And I crapped out.” David Saffron presented himself as a kind of computer programming progeny, a whiz kid who had invented a bot that could make 17,500 crypto transactions an hour. Photo Illustrations by Luis G. Rendon/The Daily Beast/Getty The man Greg wired the money to, David Saffron, was a 49-year-old Australian living in Nevada. Before starting an investment company, Saffron was perhaps the least infamous member of his family: His immediate family all appeared on a 2011 episode of the Gordon Ramsay show Kitchen Nightmares in which his father, Alan, admitted to taking $250,000 from his son to keep his restaurant afloat. (David does not appear in the episode, the son in question is his brother, Daniel.) His grandfather was a notorious Sydney underworld figure known as “Mr. Sin,” who started a network of underground clubs selling prostitutes and illegal booze, and served time for federal tax evasion. Story continues Saffron’s career was less remarkable. One LinkedIn page lists him as the CEO of “A9 models,” which has one post and nine followers on Instagram; another lists him as the marketing manager for “WizKidsNow.” California business records list him as the owner of an S&M performance venue in Los Angeles called Master D’s Academy of Sin, whose Facebook page features videos of Saffron spanking women and pouring paint down their naked backs. His own Facebook page refers to him as “Master D” and features a photo of him in a bright red suit and matching fedora. To potential investors, however, Saffron presented himself as a kind of computer programming progeny, a whiz kid who had invented a bot that could make 17,500 crypto transactions an hour. According to a federal indictment unsealed this month, he falsely claimed to have been the lead developer for the Uber and Snapchat apps, and to have written the security software used by most U.S. banks. (According to a separate CFTC complaint, he also claimed to have invested for Mark Cuban.) He lived lavishly, using rented mansions in the Hollywood Hills with pools and private chefs to host opulent parties, according to investors interviewed by The Daily Beast. He posted on social media about eating at expensive steakhouses and traveled with a team of personal security guards. One investor, Scott Freeman, said he had to submit a background check just to get into Saffron’s house. Inside the Flamboyant Life of a Wannabe Crypto Kingpin According to investors who spoke to The Daily Beast, Saffron’s glamorous lifestyle helped convince them to trust him with their money. If he was this rich, they thought, he must be doing something right. One investor said he put in $300 to start, but was still skeptical about Saffron’s business, so he asked one of Saffron’s security guards whether the guy was legit. The security guard told him that he had been suspicious, too, until his co-worker invested and saw great returns on his money. The investor kept his money in. Saffron’s pitch was simple, according to the indictment: Investors gave him cryptocurrency, or the money to buy it for them, and he used his trading bot to make returns of 500-600 percent. Investors got 150-300 percent of those returns, and Saffron kept the rest for his trouble. To prove that it worked, he ran “tests,” in which he took a small amount of money from potential investors and then delivered them returns within hours or days. “I know who to call, and I just know how to do things, but I don’t know this town because I’m integrated in Los Angeles,” he told potential investors at an out-of-town presentation in 2018, according to the CFTC. “So you guys know this town. Perfect. Now I can make you all damn rich.” Saffron called the investment program the “Circle Society” and maintained message boards where he posted frequent updates—as well as memes, music videos, and predictions about various doomsday events, according to chat records reviewed by The Daily Beast. He offered various packages, with elaborate names like “Trip The Light Fantastic Plan” and “BTC Star Trek ‘The Motion Picture’ Double Plan,” according to chat records. The plans were said to generate returns in anything from 22 to 90 days, and came with taglines such as “Stare down the endless void But come out a winner.” Investors said savvy users realized quickly that the daily plans, which paid out 3 percent per day directly into users’ crypto wallets, seemed to be the most lucrative. That’s what Greg signed up for shortly after joining in February 2019. He was still skeptical of the program, he said, but the money kept showing up in his wallet every day, “like clockwork.” At Saffron’s urging, he reinvested all his earnings back into the program. Over time, Greg invested a total of 8.5 bitcoins in the program, and his Circle Society account said he had earned 96 coins—the equivalent of nearly $2 million today. “It seemed too good to be true,” Greg recalled, “but I shut my brain off and said, ‘Let’s just roll with it.’” Saffron maintained message boards where he posted frequent updates—as well as memes, music videos, and predictions about various doomsday events. When he couldn’t send payments to investors he once claimed he was being held hostage and sent a video of himself tied up with rope to the group as evidence (right). Photo Illustrations by Luis G. Rendon/The Daily Beast/Getty One day, in March 2019, the money dried up. Investors said there were no more daily payments, just increasingly bizarre excuses: Payments were suspended because of too many unverified transactions on the blockchain; investors had hit the “payout” button too many times and locked their accounts; a solar flare required Saffron to shut down the website for several days. At one point, two investors told The Daily Beast, Saffron claimed he could not send payments because he was being held hostage. He sent a video of himself tied up with rope to the group as evidence. As the excuses multiplied, some investors became suspicious. A few, like Nevada-based attorney Brett Marshall, started calling out Saffron in the group, asking whether they would ever get paid, according to those who spoke to The Daily Beast. Saffron responded by threatening the detractors with legal action and making new promises to the group: big-time outside investors, a coming payout he deemed the “June balloon.” (When the promised payout failed to materialize, his detractors deemed the next month “Ju- lie .”) Greg was one of the investors growing skeptical, and he urgently needed his money back to pay for the refinancing of his house. He says he told Saffron at least 10 times that he would walk away if Saffron just returned his initial investment. Every time, he said, Saffron promised to pay up the next day; every time, the money failed to materialize. Eventually, Greg stopped asking. After a few weeks of this, a few other investors decided to take things into their own hands. They pulled the contact information of everyone in the chat and reached out to them individually, asking them if they wanted to join a private chat. Some declined, afraid that Saffron would sue them or refuse to give their money back. But many more agreed, and the group eventually swelled to over 150 members. Together, they began piecing together what had happened. “Everyone had their own little facet, their own little story,” said Marshall, the Nevada attorney. “And we were able to pull it together and say, ‘Wow, alright, this is what he’s done.’” The full scope of the scheme would not be revealed for months. But the group members took what evidence they had to the Commodity Futures Trading Commission—the government agency that regulates derivatives markets—and begged them to take the case. They even created a form that investors could fill out and send directly to the CFTC, identifying themselves as victims, and pinned it to the top of their chat. When the case started, the CFTC had six or eight victims, Marshall said. When it ended, they had 179. Even as the case progressed, Saffron was enticing other investors into yet another scam, according to the indictment. In September 2020, despite a preliminary injunction barring him from soliciting or accepting funds for trading pools, Saffron allegedly encouraged an acquaintance to invest in a company called Cloud9Capital, an outside wealth management fund in which he claimed t Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-07-10 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $407,532,252,600 - Hash Rate: 221726603.8502846 - Transaction Count: 199369.0 - Unique Addresses: 523353.0 Social & AI Sentiment: - Fear & Greed Index: 0.24 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Don't miss CoinDesk'sConsensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12. Good morning, and welcome to First Mover.I’m Lyllah Ledesma, here to take you through the latest in crypto markets, news and insights. • Price Point:The crypto market appears to have stabilized, with altcoins taking the lead on Tuesday. Crypto lender Nexo is set to take over its troubled Singaporean rival Vauld. • Market Moves:The Bank of England’s has called for “enhanced regulation” of the crypto asset market to mitigate against potential risks. Crypto markets appeared to stabilize on Tuesday even as the fallout continued from June's price plunge – with fresh developments on the regulatory front and an agreement by the crypto lender Nexo to take over its troubled Singaporean rival Vauld. Bitcoin (BTC) was trading up 1.2% on the day while U.S. index futures and European equitiesfellas fears of an impending recession continued. The euro fell to a 20-year low against the dollar. Some altcoins were outperforming BTC on Tuesday, with Cosmos's ATOM leading the way, up 7.3%. Polygon’s MATIC followed with a 6.1% increase on the day. Meanwhile, concerns over cryptocurrency regulation in Europe are progressing. On Monday, European lawmakerssaidthat non-fungible token (NFT) trading platforms should be made subject to European Union anti-money laundering (AML) laws. The amendment is part of a larger discussion of proposals submitted by European lawmakers. In the U.K, the government hasannouncedit is seeking views from investors, professionals and companies on taxation of decentralized finance (DeFi) activities. According to thestatement, the government wants to gather evidence on the taxation of crypto-asset loans and staking. In other news, Samir Shah, previously JPMorgan’s (JPM) head of asset management sales,left the bankto take up the position of chief operating officer at cryptocurrency-focused investment firm Pantera Capital. In early April, Panteraannounced plans to close a blockchain fundwith about $1.3 billion in committed capital. The London-based crypto lender Nexoannouncedit has signed a term sheet with Singapore-based Vauld. Pending due diligence, Nexo will acquire up to 100% of the troubled firm. Nexo aims to use the acquisition to accelerate its presence in Asia. By Camomile Shumba The Bank of England’s Financial Policy Committee called for “enhanced regulation” of the crypto asset market to mitigate against potential risks. Noting recent market turmoil, the committee said crypto assets did not yet pose a threat to the wider financial system. They might, however, in the future as they become more integrated into mainstream finance, according to meeting summary notes published Tuesday. The committee focuses on the central bank's role in maintaining financial stability. The collapse of Terra’s UST stablecoin in May and crypto lenders including Celsius and Babel Finance freezing withdrawals this month, have focused regulators’ attention on the digital asset industry. That’s on top of more than $2 trillion of market capitalization being wiped out over a period of months. “This underscored the need for enhanced regulatory and law enforcement frameworks to address developments in crypto asset markets and activities,” the bank said in its quarterly "Financial Stability" report. The Treasury has already announced that the Bank of England is looking into bringing systemic stablecoins into itsSpecial Administration Regime, meaning the central bank would regulate stablecoins that are connected with the wider financial system. A systemic stablecoin backed by a deposit with a commercial bank would introduce “undesirable financial stability risk,” according to the report. Read the full story here:Bank of England Committee Calls for Enhanced Crypto Regulation to Limit Contagion • CoinShares Completes Napoleon Acquisition, Can Now Offer Products Across EUThe acquisition of Napoleon Asset Management was subject to approval by France's AMF, which was granted on June 28. • WonderFi Closes Acquisition of Crypto Trading Platform CoinberryThe Canadian crypto firm says it's open to more deals for firms hit by the crypto winter. • Lending Platform Vauld Looks to Restructure Amid Crypto Downturn, Suspends TransactionsVauld has seen withdrawals of around $198 million since June 12. • Singapore's Central Bank Weighs Further Safeguards on Retail Crypto TradingThe Monetary Authority of Singapore (MAS) may introduce rules on the use of leverage in crypto transactions. • Software Firm Meitu Lost Up to $52.3M in H1 Due to Slide in Crypto PricesThe last purchase by the Central American country had been in May. Today’s newsletter was edited by Bradley Keoun and produced by Stephen Alpher.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['• It was a bearish end of the week for the crypto top ten, with XRP leading the way down.\n• Following a relatively range-bound Saturday, market uncertainty weighed ahead of several key economic indicators due this week.\n• The total crypto market cap slid by $29 billion to record the third decline in nine sessions.\nIt was a bearish Sunday session for thecryptotop ten. Bitcoin (BTC) fell for a third consecutive day, withXRPleading the way down.\nFollowing the Fed meeting minutes and US nonfarm payrolls, the market focus shifts to US inflation figures this week.\nWith the numbers due out on Wednesday, another spike could reignite fears of a 75 basis point Fed rate hike and a US recession.\nLast week, the FOMC meeting minutes highlighted member concerns over the possible impact of rate hikes on the US economy. The uncertainty over Fed monetary policy and the economic outlook likely contributed to some profit-taking.\nThrough the early part of this week, we expect the crypto market to take its cues from the NASDAQ 100, with no decoupling likely near term.\nAt the time of writing, the NASDAQ 100 Mini was down by 38 points.\nThe bearish Sunday session saw the crypto market cap fall from a high of $935.7 billion to a low of $895.8 billion.\nWhile late support limited the damage, the total market cap slid by $28.9 billion to $905.2 billion.\nThe Sunday pullback left the market cap up by $54 billion for the week ending July 10.\nXRPslid by 5.66%, withETHseeing a 4.04% loss.\nADA(-3.35%),BNB(-3.62%),BTC(-3.41%),DOGE(-3.18%), , andSOL(-3.53%) also saw heavy losses.\nFrom theCoinMarketCaptop 100, TerraClassicUSD (USTC) led the way, rising by 4.04%.\nIOTA (MIOTA), Monero (XMR), Amp (AMP), Chiliz (CHZ), and Tezos (XTZ) also bucked the broader market trend.\nLeading the way down, however, was Internet Computer (ICP) and THORChain (RUNE), which slid by 8.7% and 8.9%, respectively.\n24-hour liquidations increased through Sunday, reflecting the bearish crypto session.\nThis morning, 24-hour liquidations stood at $111 billion, up from $59.5 million on Sunday morning.\nLiquidated traders over the last 24 hours increased. At the time of writing, liquidated traders stood at 39,241 versus 23,346 on Sunday.\nHowever, four-hour and One-hour liquidations reflected improving market conditions.\nAccording toCoinglass, one-hour liquidations stood at $0.586 million, down from $1.60 million on Sunday.\n• In the second quarter, crypto ATM installation growthsloweddramatically.\n• Polygon (MATIC) CEO Ryan Wyatttalkedof Terra-based projects migrating to the Polygon network.\nThisarticlewas originally posted on FX Empire\n• Oil falls on recession jitters, China COVID curbs\n• NZD/USD Forex Technical Analysis – Size of RBNZ Rate Hike in Doubt Amid Slumping Confidence, Unstable Economy\n• AUD/USD Forex Technical Analysis – Short-Sellers Exerting Pressure Ahead of US CPI Report\n• Bitcoin More Likely to Crash to $10K Than Hit $30K: Market Survey\n• Texas grid operator warns of potential rolling blackouts on Monday\n• Canadians’ anger over Rogers outage may complicate its merger hopes', 'Key Insights: It was a bearish end of the week for the crypto top ten, with XRP leading the way down. Following a relatively range-bound Saturday, market uncertainty weighed ahead of several key economic indicators due this week. The total crypto market cap slid by $29 billion to record the third decline in nine sessions. It was a bearish Sunday session for the crypto top ten. Bitcoin ( BTC ) fell for a third consecutive day, with XRP leading the way down. Following the Fed meeting minutes and US nonfarm payrolls, the market focus shifts to US inflation figures this week. With the numbers due out on Wednesday, another spike could reignite fears of a 75 basis point Fed rate hike and a US recession. Last week, the FOMC meeting minutes highlighted member concerns over the possible impact of rate hikes on the US economy. The uncertainty over Fed monetary policy and the economic outlook likely contributed to some profit-taking. Through the early part of this week, we expect the crypto market to take its cues from the NASDAQ 100, with no decoupling likely near term. Crypto – NASDAQ – 110722 Daily Chart At the time of writing, the NASDAQ 100 Mini was down by 38 points. The Total Crypto Market Cap Revisits Sub-$900bn The bearish Sunday session saw the crypto market cap fall from a high of $935.7 billion to a low of $895.8 billion. While late support limited the damage, the total market cap slid by $28.9 billion to $905.2 billion. Total Market Cap 110722 Daily Chart The Sunday pullback left the market cap up by $54 billion for the week ending July 10. The Crypto Market Movers and Shakers from the Top Ten and Beyond XRP slid by 5.66%, with ETH seeing a 4.04% loss. ADA (-3.35%), BNB (-3.62%), BTC (-3.41%), DOGE (-3.18%), , and SOL (-3.53%) also saw heavy losses. From the CoinMarketCap top 100, TerraClassicUSD ( USTC ) led the way, rising by 4.04%. IOTA ( MIOTA ), Monero ( XMR ), Amp ( AMP ), Chiliz ( CHZ ), and Tezos ( XTZ ) also bucked the broader market trend. Leading the way down, however, was Internet Computer (ICP) and THORChain (RUNE), which slid by 8.7% and 8.9%, respectively. Story continues Total Crypto Liquidations Reflect Improving Market Conditions 24-hour liquidations increased through Sunday, reflecting the bearish crypto session. This morning, 24-hour liquidations stood at $111 billion, up from $59.5 million on Sunday morning. Liquidated traders over the last 24 hours increased. At the time of writing, liquidated traders stood at 39,241 versus 23,346 on Sunday. However, four-hour and One-hour liquidations reflected improving market conditions. According to Coinglass , one-hour liquidations stood at $0.586 million, down from $1.60 million on Sunday. Total Crypto Liquidations 110722 Daily News Highlights In the second quarter, crypto ATM installation growth slowed dramatically. Polygon (MATIC) CEO Ryan Wyatt talked of Terra-based projects migrating to the Polygon network. This article was originally posted on FX Empire More From FXEMPIRE: Oil falls on recession jitters, China COVID curbs NZD/USD Forex Technical Analysis – Size of RBNZ Rate Hike in Doubt Amid Slumping Confidence, Unstable Economy AUD/USD Forex Technical Analysis – Short-Sellers Exerting Pressure Ahead of US CPI Report Bitcoin More Likely to Crash to $10K Than Hit $30K: Market Survey Texas grid operator warns of potential rolling blackouts on Monday Canadians’ anger over Rogers outage may complicate its merger hopes', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin (BTC) slides for a third day, once again threatening to fall below the crucial $20K mark.\nInsights:Ashley Alder\'s mixed crypto legacy in Hong Kong does not bode well for the industry in the U.K.\nCatch the latest episodes ofCoinDesk TVfor insightful interviews with crypto industry leaders and analysis. Andsign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context.\nBitcoin (BTC):$20,824, -3.5%\nEther (ETH):$1,165, -4.2%\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "+0.2%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Polkadot", "Ticker": "DOT", "Returns": "\\u22126.1%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "XRP", "Ticker": "XRP", "Returns": "\\u22125.7%", "DACS Sector": "Currency"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "\\u22125.4%", "DACS Sector": "Computing"}]\nThe week ahead: U.S. inflation report due; economists assess impact of Abe assassination\nCrypto markets weakened over the weekend, with bitcoin sliding for a third straight day and falling back toward $20,000 as of press time on Sunday.\nSome analysts are now pinning $17,000 as a key market support level.\n"We continue to expect choppy price action," said Joe DiPasquale, CEO of BitBull Capital, in an email. "More strong bidding around the $17K level, if bitcoin falls there again, will be a strong signal for the bulls and may indicate the formation of a potential bottom around that price."\nTraders this week will be watching for the latest U.S. consumer price index reading,expected Wednesday. The report could influence market expectations over the Federal Reserve\'s next move, at a meeting later this month; as of the last reading, inflation was at itsfastest in four decades.\nOne point of consideration: This past Friday\'s report on U.S. jobs growth in June has alleviated some concerns that the country is already in a recession; that should make it easier for the Federal Reserve to proceed with interest-rate increases of 75 basis points (0.75 percentage point), or three times as fast as in past rate-hiking cycles.\nAs CoinDesk\'s George Kaloudis wrote Sunday in his"Crypto Long & Short" column: "A 75 basis point increase to interest rates in July is basically aforegone conclusionat this point."\nAnd Oanda Senior Market Analyst Ed Moya wrote last week: "If inflation delivers another upside surprise, the September meeting could see expectations fully priced in a half-point rate increase but that could easily go up to 75 basis points."\nBank of Japan watchers are assessing what the assassination of former Japanese Prime Minister Shinzo Abe might imply for the nation\'s monetary policy,according to Bloomberg. Abe had been a strong advocate for ultra-easy financial conditions in the face of the country\'s economic stagnation.\nFriday July, 8:\nS&P 500: 3,899 -0.8%\nDJIA: 31,338 -0.1%\nNasdaq: 11,365 -0.1%\nGold: $1,741 -1.3%\nAshley Alder\'s Mixed Crypto Legacy in Hong Kong\nBy Sam Reynolds\nThe U.K\'s Financial Conduct Authority (FCA), the nation\'s financial watchdog, announced Friday that Ashley Alder, the CEO of Hong Kong’s Securities and Futures Commission, will assume the post of chair in January 2023.\nWhile Adler has a long list of accomplishments regulating Hong Kong’s traditional finance securities market, his curriculum vitae isn’t as stellar when dealing with crypto.\nCer Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-07-11 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $392,218,816,719 - Hash Rate: 178250799.1737582 - Transaction Count: 229482.0 - Unique Addresses: 590261.0 Social & AI Sentiment: - Fear & Greed Index: 0.22 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Wimbledon accused of 'exploiting' tennis fans after joining NFT craze - even as crypto prices plunge - WIMBLEDON Wimbledon has been accused of "exploiting" tennis fans after launching a non-fungible token (NFT) collection amid mounting concern over sport's increasingly close relationship with unstable cryptocurrency. The All England Club maintains the only links between their new "beautiful pieces" of digital artwork and crypto "is that these collectibles are secured and authenticated on blockchain". However, in the same week of significant falls in crypto values elsewhere, campaigners against the rise of fan tokens in sport said the tournament should not be risking association. Wimbledon follows high-profile players, clubs and competitions in football to announce lucrative partnerships with NFT firms. The Football Association is also exploring a similar partnership . Sources close to Wimbledon say the tournament turned down an approach from Socios, whose partners for fan tokens include Arsenal, Leeds and Manchester City. The fan token company has subsequently denied any approach took place. Executives eventually settled on an agreement to create a Centenary Collection with New Zealand firm Glorious, which claims its processes are less environmentally damaging. We're proud to announce the launch of The Centenary Collection: our exclusive line of digital artworks that celebrate 100 years through the lens of Centre Court. 10 artworks, 10 decades and 1,000 limited editions. Wimbledon (@Wimbledon) June 15, 2022 The product's launch this week said "ten digital masterpiece collectibles, minted on the blockchain" would "recognise the storied history that has unfolded upon the now hallowed turf". A ballot is taking place in which collectors will eventually purchase one of the limited-edition digital assets, valued at £500 each. Purchasers can also "use whatever currency they choose to buy them - pounds, dollars, euros, and cryptocurrencies", the All England Club said. Story continues "This is not a money making or speculation enterprise," a Wimbledon spokeswoman insisted in response to criticism yesterday. "It is a community-building exercise, to learn about the benefits of this very early technology - which is akin to the early days of the internet. There are many, many types of 'NFT' - the range is akin to auctioning the Mona Lisa at Christie's on one end of the spectrum with someone running a raffle at their local church. It is a very broad space. However, as Bitcoin - a benchmark for the broader crypto market - plunged in value by another nine per cent on Saturday, campaigners said there was a risk the scheme could lure tennis fans into investing in the unstable markets. Martin Calladine, who authored 'Fit and Proper People: The Lies and Fall of OWNAFC', said: "It's really disappointing to see Wimbledon exploiting tennis fans. There's never been a worse time to launch an NFT scheme nor a worse time to buy them. After the recent crypto crashes and numerous failed sports NFT projects, organisations can no longer claim the benefit of the doubt when these products lose fans money. All Wimbledon is going to achieve is to harm its reputation." Matt Zarb-Cousin - a key lobbyist behind an imminent White Paper which could ban betting adverts on shirts - also says he is becoming increasingly worried about NFTs, which lure fans into investing in unstable markets. "The prestige of Wimbledon is the latest in a long line of attempts to sportswash crypto-based fan tokens and NFTs," Zarb-Cousin, of Clean-Up Gambling added. "The prospective use case for blockchain technology in currency and intellectual property has been called into question as crypto markets crash. And in that context, owning digital artwork on a blockchain is as meaningful as copying and saving a jpeg for free." The crypto market has sustained particularly acute pressure in recent weeks, with lending company Celsius freezing withdrawals and transfers between accounts. Bitcoin is down about 59 per cent this year, while rival cryptocurrency Ethereum-backed ether is down 73 per cent. Wimbledon, however, insists its scheme is to attract collectors rather than crypto investors. "What we have created here is incomparable to other sports-based NFTs," the spokeswoman said. Under the ballot system, an individual can only purchase one collectible each. The club also pointed out "it is a closed marketplace on a very particular type of blockchain to reduce the ability for speculators to participate". Wimbledon also denied the suggestion from critics that the scheme could lure collectors into cryptocurrency investment. "The value is pegged to the pound value, not the crypto value - so we aren't asking fans to invest in unstable markets," the club said. "They are buying it to own it. Not to invest and re-sell it."... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening:\nPrices:Bitcoin dips below $20K, but crypto analysts don\'t seem bothered.\nInsights:KuCoin denies layoff rumors while Three Arrows creditors get an emergency hearing.\n●Bitcoin (BTC): $20,065−3.2%\n●Ether (ETH): $1,105−4.9%\n●S&P 500 daily close: 3,854.43−1.2%\n●Gold: $1,732 per troy ounce−0.5%\n●Ten-year Treasury yield daily close: 2.99%−0.1\nBitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found atcoindesk.com/indices.\nFor almost a month, bitcoin (BTC) has been trading in a range between $17,000 and $23,000, and crypto analysts are wondering if the worst of this year\'s big sell-off might be over.\nThe price fell 4.4% on Monday to dip below $20,000, but drops below that crucial psychological price threshold aren\'t generating the same level of panic as in early June, when bitcoin seemed to be in free fall.\n• "I\'ve heard forecasts as low as $8,000 per bitcoin, but we may have seen the bottom already," wrote Mati Greenspan, founder of the crypto and foreign-exchange analysis firm Quantum Economics. "The outlook only gets better when we realize that the absolute worst-case scenario is probably not extremely likely."\n• "The cleansing is happening," Kapil Rathi, CEO of the crypto trading platform CrossTower, told CoinDesk TV on Monday. "When we come on the other side it should be healthy and a stronger crypto market."\n• "Despite all the pessimism and negative headlines for bitcoin, the fact that it is putting up a fight at the $20,000 level is a promising sign," said Edward Moya, senior market analyst at Oanda.\nIn traditional markets, the big story on Monday in foreign exchange was the euro\'s slide toward $1 – the so-called "parity" point. CoinDesk\'s Omkar Godbole wrote about theimplications for crypto last week.\nCrypto traders are still looking ahead to Wednesday\'s expected release of June’s Consumer Price Index (CPI), the most widely regarded measure of U.S. inflation, for clues on how aggressive the Federal Reserve will need to be to slow the pace of consumer price rises.\nMost altcoins were trading in the red today, with DOGE and SHIB losing big.\nSign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context.\n[{"Asset": "Loopring", "Ticker": "LRC", "Returns": "+6.4%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22129.0%", "DACS Sector": "Entertainment"}, {"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "\\u22128.5%", "DACS Sector": "Currency"}, {"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "\\u22127.7%", "DACS Sector": "Currency"}]\nKuCoin Denies Layoff Rumors, Says It\'s Hiring 300 - by Shaurya Malwa\nCryptocurrency exchange KuCoin pushed back againstrumors of massive layoffs, saying it actually intends to hire more than 300 employees over the coming months, CEO Johnny Lyu told CoinDesk via Telegram on Monday.\n“KuCoin has not reduced staff and does not plan to do so,” Lyu said. “We are one of the few crypto platforms that continue to grow by relying on an effective business strategy, focusing on releasing new products and maintaining a healthy atmosphere in our team.”\nLyu added the company was doing everything it could to “increase the productivity and motivation of employees,” while also focusing on expanding in innovation and compliance.Important events\nRead the full storyhere.\nThree Arrows Creditors Get Emergency Hearing as Founders Fail to \'Cooperate\' - by Sam Reynolds\nWhere in the world are Su Zhu and Kyle Davies? Lawyers involved in the liquidation proceedings of Three Arrows Capital’s British Virgin Islands fund would certainly like to know because the hedge fund founders have not been cooperating in the proceedings so far and their current location is unknown.\nIn documents filed late Friday in the U.S. Bankruptcy Court for the Southern District of New York, lawyers acting on behalf of the creditors said the founders of the fund “have not yet begun to cooperate with the [proceeding] in any meaningful manner.”\nThe lawyers said that persons identifying themselves as “Su Zhu” and “Kyle” were present on an initial Zoom call, but their video and audio was turned off and they would not respond to questions posed directly to them, with only their legal representatives answering questions.\nLawyers for the creditors that visited Three Arrows’s Singapore office found it abandoned, according to court documents.\nRead the full storyhere.\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\n3AC Founders Fail to ‘Cooperate,’ Twitter Shares Plummet After Musk Drops Takeover\nFormer FDIC Chief Innovation Officer Sultan Meghji discusses the bankruptcy of crypto hedge fund Three Arrows Capital (3AC) and the ripple effects sending Celsius Network, Voyager Digital and other lenders into crisis. Did Voyager mislead customers about FDIC insurance? Kapil Rathi of CrossTower provides his markets analysis as crypto and broader markets await new inflation figures.\nBitcoin in \'Accumulation\' Phase, On-chain Indicators Suggest:Bitcoin\'s Puell Multiple and MVRV Z-Score indicate the cryptocurrency is undervalued. Similar readings have marked bear market bottoms in the past.\nVoyager Clarifies USD Deposit Concerns in Update: The crypto exchange, which filed for Chapter 11 bankruptcy, says it remains unclear how customers will be reimbursed for their cryptocurrency investments.\nCoinFlex Begins Arbitration to Recover $84M in Delinquent Debt:The trading platform also said it was speaking with depositors looking to help the business by “rolling some of their deposits into equity.”\nTwitter Shares Down 7% Following Elon Musk\'s Scrapped Takeover:The social-media company plans to take legal action against the crypto enthusiast.\nBinance Failed to Deliver on Money-Laundering Prevention Promises: Report:A Reuters report says the cryptocurrency exchange has been lax in cracking down on the financial crime.\nGryphon Mining \'Able to Take Advantage of Opportunities\' in Sector:The miner produced 71 bitcoin in June, up from 62 in May.\nCross-Chain Infrastructure Protocol LI.FI Raises $5.5M:The funding will help the firm expand to more blockchains.\nCelsius Reclaims $172M Collateral From Aave, Compound:The liquidity-strapped crypto lender has paid down $95 million in debt from the two decentralized finance (DeFi) platforms since Friday.\nVoyager Clarifies USD Deposit Concerns in Update:The crypto exchange, which filed for Chapter 11 bankruptcy, says it remains unclear how customers will be reimbursed for their cryptocurrency investments.\nGlobal Financial Watchdog FSB to Propose Crypto Regulations in October:The Financial Stability Board will recommend ways to oversee stablecoins and other digital assets to the G-20.\nNFTs Are Now Collateral for Secured Loans. Are You Legally Protected?\nToday\'s crypto explainer:Everything You Need to Know About Bitcoin ETFs', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin dips below $20K, but crypto analysts don\'t seem bothered.\nInsights:KuCoin denies layoff rumors while Three Arrows creditors get an emergency hearing.\n●Bitcoin (BTC): $20,065−3.2%\n●Ether (ETH): $1,105−4.9%\n●S&P 500 daily close: 3,854.43−1.2%\n●Gold: $1,732 per troy ounce−0.5%\n●Ten-year Treasury yield daily close: 2.99%−0.1\nBitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found atcoindesk.com/indices.\nFor almost a month, bitcoin (BTC) has been trading in a range between $17,000 and $23,000, and crypto analysts are wondering if the worst of this year\'s big sell-off might be over.\nThe price fell 4.4% on Monday to dip below $20,000, but drops below that crucial psychological price threshold aren\'t generating the same level of panic as in early June, when bitcoin seemed to be in free fall.\n• "I\'ve heard forecasts as low as $8,000 per bitcoin, but we may have seen the bottom already," wrote Mati Greenspan, founder of the crypto and foreign-exchange analysis firm Quantum Economics. "The outlook only gets better when we realize that the absolute worst-case scenario is probably not extremely likely."\n• "The cleansing is happening," Kapil Rathi, CEO of the crypto trading platform CrossTower, told CoinDesk TV on Monday. "When we come on the other side it should be healthy and a stronger crypto market."\n• "Despite all the pessimism and negative headlines for bitcoin, the fact that it is putting up a fight at the $20,000 level is a promising sign," said Edward Moya, senior market analyst at Oanda.\nIn traditional markets, the big story on Monday in foreign exchange was the euro\'s slide toward $1 – the so-called "parity" point. CoinDesk\'s Omkar Godbole wrote about theimplications for crypto last week.\nCrypto traders are still looking ahead to Wednesday\'s expected release of June’s Consumer Price Index (CPI), the most widely regarded measure of U.S. inflation, for clues on how aggressive the Federal Reserve will need to be to slow the pace of consumer price rises.\nMost altcoins were trading in the red today, with DOGE and SHIB losing big.\nSign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context.\n[{"Asset": "Loopring", "Ticker": "LRC", "Returns": "+6.4%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22129.0%", "DACS Sector": "Entertainment"}, {"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "\\u22128.5%", "DACS Sector": "Currency"}, {"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "\\u22127.7%", "DACS Sector": "Currency"}]\nKuCoin Denies Layoff R Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-07-12 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $379,996,842,800 - Hash Rate: 218828216.8718496 - Transaction Count: 275378.0 - Unique Addresses: 657668.0 Social & AI Sentiment: - Fear & Greed Index: 0.16 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: (Bloomberg) -- Turkey’s Labor Ministry is set to hand President Recep Tayyip Erdogan proposals for another hike to the national minimum wage after he urged officials to relieve the burden from fast-rising prices. Most Read from Bloomberg Putin Gets Unexpected Pushback From Ally Over War in Ukraine Bitcoin, Ether Bounce Off Lows After Record-Breaking Rout Putin May Win in Ukraine, But the Real War Is Just Starting US Rejects China’s Claims Over Taiwan Strait as Concerns Grow Fed’s Inflation Battle to Strip Workers of Rare Bargaining Power Erdogan will be presented with a range of possible increases and the associated costs to the economy, according to officials familiar with the plans. He’s expected to consider the options after returning from a NATO leaders’ summit in Madrid on June 30, the people said. Turkey raised its minimum wage by a record 50.5% in January, taking it to 4,253 liras ($246). But prices surging at an annual 74%, their fastest pace in a nearly a quarter century, have outpaced the increase and are stripping away support for Erdogan’s ruling AK Party ahead of next year’s election. Inflation Is Erdogan’s Old Nemesis and His Key Rival Standing As other central banks are tightening monetary policy over the global rally in commodity prices, Erdogan is urging Turkey’s to move in the opposite direction as he pursues a growth strategy at all costs. The policy has battered the lira, which has lost more than 23% of its value against the dollar this year. The ruling party is divided over raising the wage further, the people said, with some members arguing it will cripple employers and lead to job losses. But the majority believe it’s inevitable given the pain being felt in AK Party strongholds, they said. One of the people, an official in Erdogan’s office, dismissed concerns over mass dismissals, saying the minimum wage was still way below the average national income. Although the budget has been under strain from measures including transfers to state companies and a new type of lira bank accounts, Turkey ran a record fiscal surplus in May thanks to a surge in tax revenues. Expenditures have been on the rise, however, and will likely push the budget back into deficit in the months to come, according to Istanbul-based brokerage Seker Invest. Story continues More than 40% of all workers in Turkey earn the minimum wage, according to the country’s Social Security Institution. In a televised speech to lawmakers this week, Erdogan promised “relief” from soaring expenses in July. He then met Turk-IS labor union head Ergun Atalay for talks on the minimum wage . While the wage is normally set each December, the president said earlier that “extraordinary” circumstances could necessitate a change in policy. Most Read from Bloomberg Businessweek Ethereum Mining Is Going Away, and Miners Are Not Happy Sheryl Sandberg’s Wedding Expenses Are the Least of Facebook’s Sheryl Sandberg Problems Hell Is a Cruise Ship at the Beginning of the Pandemic The Last Bear Market Was Short-Lived. This One Feels Different Adults Who Love Toys? The Toy Industry Loves Them, Too ©2022 Bloomberg L.P.... - Reddit Posts (Sample): [['u/drpeppaMD', 'Realize gains on all my winners and hold losers?', 12, '2022-07-12 01:17', 'https://www.reddit.com/r/stocks/comments/vww6ev/realize_gains_on_all_my_winners_and_hold_losers/', 'I’ve been very patient with this downturn, probably too patient. I’ve always been of the mindset to buy great companies/funds that I like and hold. Due to that I’ve realized some gains in a handful of winners (axp,jpm,msft,appl,vfv). All though my gains are no where near what they were at ATH; they’ve still yielded and adequate return. In addition, I hold a few etfs that are down but realizing those gains for cash wouldn’t result in a terrible loss. \n\nI want to buy a house in the near future (1-2years) and would like to load up on this decline at some point. I’m stuck deciding whether I should sell and take the cash off the table or just continue holding despite not being confident in the market for the next 2-3 years. \n\nI don’t need the money in the near future necessarily as I have a good secure job and still have a sizeable cash position. I would have about 40% of my portfolio still invested companies/funds like Amazon, FB, dis + ETFs and a chunk of crypto (btc/eth). \n(All down)\n\nIs anyone else facing this dilemma? Or have experience making this decision in previous times of uncertainty and bad markets?', 'https://www.reddit.com/r/stocks/comments/vww6ev/realize_gains_on_all_my_winners_and_hold_losers/', 'vww6ev', [['u/LonghornzR4Real', 16, '2022-07-12 02:00', 'https://www.reddit.com/r/stocks/comments/vww6ev/realize_gains_on_all_my_winners_and_hold_losers/ifsirrn/', 'Sell your winners and keep your losers you say? Now that’s so dumb it just might work. Probably not though.', 'vww6ev']]], ['u/MrBluoe', 'Over 137k bitcoin (~2.6b USD) will come back into circulation next month, as Mt. Gox starts settling its bankruptcy debts. Comparisson: when LNA sold ~80k BTC the price dropped >10k.', 194, '2022-07-12 01:58', 'https://www.reddit.com/r/CryptoCurrency/comments/vwx1cs/over_137k_bitcoin_26b_usd_will_come_back_into/', 'The exchange Mt. Gox, that once handled over 70% of all bitcoin transactions, went bankrupt in 2014, after losing 86% of its funds due to a security flaw.\n\nAnd next month in August-2022, they will start paying back their customers with the 130k bitcoin they still hold (worth today \\~2.6 billion USD)\n\nAs a comparison: when the "stablecoin" LNA collapsed, they sold around 80k BTC into the market, and during that time the price dropped over 10k in value. This is, of course, a completely different situation, and it wont happen all at once, AND I have no way to predict the market. This post\'s intent is only to share this info with the community.\n\nAll I know: Interesting times ahead.\n\nCheck this video for more info: [https://www.youtube.com/watch?v=rgpfGsLW7II](https://www.youtube.com/watch?v=rgpfGsLW7II)\n\nhttps://preview.redd.it/fdmv0a1c21b91.png?width=3360&format=png&auto=webp&s=e84eb5dbf1ce240d00ec90d8dbe4791b14db5c88\n\n&#x200B;\n\nhttps://preview.redd.it/trgzfssc21b91.png?width=2152&format=png&auto=webp&s=0ecafc4315c66c974bff50b5b5561a99898bea71\n\n&#x200B;\n\nhttps://preview.redd.it/pz1iechd21b91.png?width=3172&format=png&auto=webp&s=42bd28ac1d24e110cbffdeae859d20f7cf4731f8', 'https://www.reddit.com/r/CryptoCurrency/comments/vwx1cs/over_137k_bitcoin_26b_usd_will_come_back_into/', 'vwx1cs', [['u/niloony', 17, '2022-07-12 02:04', 'https://www.reddit.com/r/CryptoCurrency/comments/vwx1cs/over_137k_bitcoin_26b_usd_will_come_back_into/ifsje6a/', "Any evidence for that date? The trustee is still being very vague. Sounds more like it'll happen next year.", 'vwx1cs'], ['u/Helen666_Keller', 10, '2022-07-12 02:08', 'https://www.reddit.com/r/CryptoCurrency/comments/vwx1cs/over_137k_bitcoin_26b_usd_will_come_back_into/ifsjw9x/', "I read these docs. They say that these people will get the option to take a lump sum up front, implying that a full payout would be vested. They can also choose between usd, btc and bch for their payout. Supposedly begins in August but all that btc isn't just gonna be dumped at once.", 'vwx1cs'], ['u/bobzor', 17, '2022-07-12 02:35', 'https://www.reddit.com/r/CryptoCurrency/comments/vwx1cs/over_137k_bitcoin_26b_usd_will_come_back_into/ifsnke7/', "The price will drop leading up to this, then go up when the coins are released to liquidate all the shorts, then dip down to liquidate the longs. Same old story, Ricks killin' Mortys.", 'vwx1cs'], ['u/grchina', 100, '2022-07-12 02:46', 'https://www.reddit.com/r/CryptoCurrency/comments/vwx1cs/over_137k_bitcoin_26b_usd_will_come_back_into/ifsp0e8/', 'Been hearing that since 2017, will believe it when I see it', 'vwx1cs'], ['u/fan_of_hakiksexydays', 59, '2022-07-12 07:34', 'https://www.reddit.com/r/CryptoCurrency/comments/vwx1cs/over_137k_bitcoin_26b_usd_will_come_back_into/iftn11g/', 'Just last week, we were promised the dump of the century, when we were told Celsius would dump thousands of Bitcoins.\n\nThey even had screenshots of wallets.\n\nAnd I had my limit order ready, waiting like an idiot for a flash crash.\n\nInstead we had a big pump to $22K.', 'vwx1cs'], ['u/Dwaas_Bjaas', 11, '2022-07-12 08:18', 'https://www.reddit.com/r/CryptoCurrency/comments/vwx1cs/over_137k_bitcoin_26b_usd_will_come_back_into/iftqsrm/', 'Buy right before the dump of course', 'vwx1cs'], ['u/DesmondNav', 140, '2022-07-12 11:29', 'https://www.reddit.com/r/CryptoCurrency/comments/vwx1cs/over_137k_bitcoin_26b_usd_will_come_back_into/ifu4q4e/', 'Important difference\n\nLUNA Foundation sold 80k BTC at Exchanges.\n\nMTGox is compensating the former customers by transferring either BTC or Fiat.\nYou can not expect every customer to sell their BTC, especially not at once.', 'vwx1cs'], ['u/HansTilburg', 10, '2022-07-12 12:53', 'https://www.reddit.com/r/CryptoCurrency/comments/vwx1cs/over_137k_bitcoin_26b_usd_will_come_back_into/ifub3kf/', 'In such cases stick market analysts say: ‘It was already priced in’', 'vwx1cs'], ['u/DerpJungler', 41, '2022-07-12 13:13', 'https://www.reddit.com/r/CryptoCurrency/comments/vwx1cs/over_137k_bitcoin_26b_usd_will_come_back_into/ifucszl/', 'Correct. \n\nAlso, as Andrei mentions in his video, a lot of the debtors have sold their credits to large institutions who bought them at a discount, which means a lot of these BTC will likely fall to the hands of big institutions (hedge funds) who are smarter than your average retail investor.', 'vwx1cs'], ['u/Remarkable_Break_709', 20, '2022-07-12 15:31', 'https://www.reddit.com/r/CryptoCurrency/comments/vwx1cs/over_137k_bitcoin_26b_usd_will_come_back_into/ifurxbo/', 'Except we are in a bear market and institutions need liquidity', 'vwx1cs'], ['u/ChiTownBob', 24, '2022-07-12 16:25', 'https://www.reddit.com/r/CryptoCurrency/comments/vwx1cs/over_137k_bitcoin_26b_usd_will_come_back_into/ifuzhrq/', 'The BTC being distributed is going from a HODL account to a non-HODL account. There WILL be selling of that BTC, the only question is the level and extent of that selling.', 'vwx1cs'], ['u/BANKSLAVE01', 10, '2022-07-12 20:38', 'https://www.reddit.com/r/CryptoCurrency/comments/vwx1cs/over_137k_bitcoin_26b_usd_will_come_back_into/ifw1owv/', "Lucky you. Glad you're one of those rich people - but the rest of us poor slaves would consider a 'free' 60k as a potentially life changing windfall. I can't imaging getting that much at once.", 'vwx1cs']]], ['u/BlaxDStroySociety', "Has anyone tested to see if you can withdrawal BCH from PayPal? Some articles say it's only BTC and ETH", 28, '2022-07-12 02:07', 'https://www.reddit.com/r/btc/comments/vwx7qa/has_anyone_tested_to_see_if_you_can_withdrawal/', "Can anyone test it and confirm here? I don't have PayPal.", 'https://www.reddit.com/r/btc/comments/vwx7qa/has_anyone_tested_to_see_if_you_can_withdrawal/', 'vwx7qa', [['u/dajohns1420', 31, '2022-07-12 02:19', 'https://www.reddit.com/r/btc/comments/vwx7qa/has_anyone_tested_to_see_if_you_can_withdrawal/ifsldx7/', "Won't buy crypto on PayPal to even try.\n\nLike 5 years ago PayPal closed my account and stole all my money for selling my bitcoin for cash sent to paypal. I was in rough times so I sold like 1/2 my crypto only for them to steal all the money, every dime I had besides the other half of my crypto. A few years later, they incorperate bitcoin. Felt like a slap in the face.", 'vwx7qa'], ['u/BlaxDStroySociety', 13, '2022-07-12 02:21', 'https://www.reddit.com/r/btc/comments/vwx7qa/has_anyone_tested_to_see_if_you_can_withdrawal/ifslnnj/', "That's messed up.", 'vwx7qa'], ['u/underworld_doom', 20, '2022-07-12 04:22', 'https://www.reddit.com/r/btc/comments/vwx7qa/has_anyone_tested_to_see_if_you_can_withdrawal/ift1vuo/', "Yep, i withdrew some BCH from there the other day. (I'm in CA.)", 'vwx7qa']]], ['u/Life-Observer', 'Why Bitcoin is actually an inflation hedge.', 21, '2022-07-12 03:49', 'https://www.reddit.com/r/Bitcoin/comments/vwz9vp/why_bitcoin_is_actually_an_inflation_hedge/', 'See tons of arguments everywhere about whether Bitcoin is an inflation hedge or not. The consensus now seems to be that it is NOT. But I will share with you why this is wrong. \n\nPeople measure Bitcoin from the all time high to the (current) price. This is mistake. Instead, to successfully determine whether it is an inflation hedge or not, they should measure from the point in which the government started aggressively printing money (spending). \n\nThat will guide you to the timeframe of about March 2020. If we measure Bitcoin’s price from March 2020 until now then we are up ~200%. A very good amount above the current inflation rate, both real (8.6%) and actually real (>14%). \n\nNow let’s take a look at the classic example of a so called inflation hedge, Gold. If we measure from March 2020 until now then gold is up ~15%. As you can see Gold can also serve as an inflation hedge (barely). \n\nThis post is not to say one is better than the other, but we can clearly see that i... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening: Prices: Bitcoin fell for a fifth day in a row, while the dollar and euro continued to flirt with parity. Traders are looking for clues about inflation in a major economic release expected Wednesday in the U.S. Insights: Valuing NFTs might be more art than science. What\'s impossible to deny is that prices for ether (ETH) – used to value many NFTs – have tanked this year. Sam Reynolds explains. Sign up for First Mover , our daily newsletter putting the latest moves in crypto markets in context. Prices ● Bitcoin ( BTC ): $19,361 −2.7% ● Ether ( ETH ): $1,043 −4.4% ● S&P 500 daily close: 3,818.80 −0.9% ● Gold: $1,724 per troy ounce −0.4% ● Ten-year Treasury yield daily close: 2.96% −0.03 Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found at coindesk.com/indices. Bitcoin ( BTC ) fell for a fifth straight day, and traders are starting to worry that maybe the market hasn\'t reached a bottom, as some analysts were hoping as recently as last week. It might just be that there are still too many negative forces pushing prices lower. The crypto term of choice is "FUD" – fear, uncertainty and doubt – but Michael Venuto, a co-founder of Toroso Investments, used the term "wall of worry" on CoinDesk\'s "First Mover" TV program on Tuesday. The bugbears range from the crypto industry\'s credit crisis – CoinDesk\'s Krisztian Sandor has been all over liquidity-strapped Celsius Network\'s maneuvers to free up collateral by paying off decentralized finance loans – to the Federal Reserve\'s inflation-fighting plans. (Helene Braun\'s preview of Wednesday\'s scheduled release of the U.S. consumer price index for June is here .) "We\'re just climbing a wall of worry," Venuto said. "We lack regulation, for clarity, to help get the institutional money in, we are dealing with; a Fed that is no longer accommodative. We\'ve got deleveraging of all things. And then we\'ve got a whole bunch of trusted third parties that came in to help people access to crypto markets, and as usual, they shouldn\'t have been trusted." Story continues In traditional markets, U.S. stocks slid, and Asian equity futures signaled modest gains at Wednesday\'s open. The big story in foreign-exchange markets this week continued to be the dollar\'s flirtation with euro " parity " – a 1-to-1 ratio. According to CNBC , the euro\'s slide against the dollar is a result of Europe\'s energy-supply crisis stemming from the Russia-Ukraine war and sanctions on Russia. There are also concerns that a weak economy might make it harder for the European Central Bank to raise interest rates – making the region\'s debt instruments less attractive than those in the U.S., where the Federal Reserve has been raising rates aggressively. Markets Biggest Gainers Asset Ticker Returns DACS Sector Chainlink LINK +0.8% Computing Gala GALA +0.4% Entertainment Biggest Losers Asset Ticker Returns DACS Sector Terra LUNA −9.6% Smart Contract Platform Loopring LRC −8.0% Smart Contract Platform Cosmos ATOM −5.9% Smart Contract Platform Insights Valuing your JPEGs is tough; be careful you don\'t overestimate Over the weekend, something weird happened. On Twitter, suddenly Three Arrows Capital was the victim of having its NFT ( non-fungible token ) fund, Starry Night Capital, undervalued . DappRadar said Starry Night’s wallet was worth about $3.7 million as of Tuesday. NFT Twitter didn\'t like the figure and thinks it should be worth more. Feedback to the article came in fast when it was first posted on Friday saying it was worth less than $5 million, and was often furious. DMs from a reader Blame was put on the DappRadar valuation tool only using the floor price of an NFT, or the lowest price you can “buy in” to a project. But that’s not true as DappRadar’s algorithm also takes into account the last sale price as well, when available. A screenshot from DappRadar showing an NFT in Starry Night\'s wallet with its last sale price DappRadar says its tool uses a machine-learning algorithm to determine appropriate prices based on market conditions. "Our algorithm calculates what is the price of an NFT, which is consistent with the historical sales data. It is not precisely predicting, but finding a price that makes sense for the current market conditions. This methodology allows the investor to evaluate how good the trade price is, whilst also assessing the importance of the sale within the collection’s market," a DappRadar spokesperson told CoinDesk via email. Tools that only use floor prices for the collection value the wallet at much less. Value.app , which tracks the floor prices exclusively, puts the wallet\'s value at around $1.6 million. An alternative valuation of the wallet from Value.app NonFungible.com sent us an even higher valuation for the wallet: $19.7 million. But that comes with a massive caveat. This figure uses the USD price at the date of the sale, Maxime Laglasse, NonFungible.com’s head of content, said in an email. So that means if an NFT was purchased for 750 ethers in late October, when one ether was worth $4,000, NonFungible.com would maintain that the NFT is still worth $3 million, even though those 750 ethers are now worth closer to $867,770. “An art asset bought for $3 million months ago can\'t be devalued because the ETH/USD price lost 50-60%,” Laglasse said. “Only an NFT sale can make the price move in a way or another. That\'s up to the last buyer to sell or not his asset to make this price move.” The problems with that argument are that NFT sales are denominated in ether and million-dollar JPEGs are a product of the peak decadence of the bull market. You can’t maintain that an NFT is still worth the last price it was paid for in ether when that ether buys a lot fewer dollars now than it did last year. If you account for the devaluation of ether, the underlying asset NFTs are denominated in from the time that Three Arrows filled up its wallet until now, there’s an average decline of 70%. That would put NonFungible,com’s valuation closer to $6 million than $19.7 million which is in range of DappRadar’s figure. And that’s only accounting for the decline in numbers, the quantitative. It’s excluding the qualitative: Is the market still interested in NFTs the same way it was at the height of last year’s bull run? Of course, all of that is ignoring wash trading (market manipulation designed to create the illusion of demand ), which runs rampant in the industry and makes up most of the volume on exchanges such as LooksRare . What’s the real value when so much of it is fake? Another data point: CryptoPunks You can get a sense of this gap between perception and reality by diving into the data provided on the CryptoPunk collection (considered to be a blue-chip NFT) by a project called DeepNFTValue , which was recently profiled on CoinDesk . DeepNFTValue uses an artificial intelligence-based pricing algorithm to determine a CryptoPunk’s value (the team is expanding it to Bored Apes next) and compare it with the asking price and time on the market. DeepNFTValue\'s valuation of CryptoPunk #8484 “Only about 10% of Punks have active bids and offers at any point in time, and only a few hundred Punks trade on a given day. Most Punks don\'t sell for months and have many have never been exchanged for ETH since they were acquired” DeepNFTValue said. DeepNFTValue\'s list of some of the CyberPunks for sale Doing a deep dive into its numbers shows a massive gap between the average seller’s asking price for a CryptoPunk and the value prescribed by DeepNFTValue’s algorithm. Overall, for the nearly 775 CryptoPunks DeepNFTValue tracks, the average delta (difference between the asking price and value assigned by the algorithm) is 907%. The average time on the market for a CryptoPunk is 152 days, with about 40% of the NFTs being on the market for six months or longer. When you narrow down the tracker to only the CryptoPunks that have been on the market for a month, that delta in price narrows to 140%. Interestingly, however, when you look at the two- to four-month period the average delta shrinks to 48%, suggesting that when punk holders really want to sell they will tempter their expectations. It\'s tough to blame anyone for wanting to sell, especially in a bear market when his other positions might have been rekt – crypto slang for wiped out – because of the broader downturn. And for wash trading on CryptoPunks themselves? Well, it runs rampant. Using Nansen’s wash trading filter , we can see that the filtered 24-hour volume is 82 ethers while the unfiltered volume, including wash trading, is closer to 2,304 ethers. Nansen\'s wash trading filter turned off Nansen\'s wash trading filter turned on Despite the NFT community’s enthusiasm for the asset class, lots of the demand remains fake. Think about this: If there was such deep liquidity and demand, why do firms that offer loans against collateralized NFTs only offer a loan-to-value ratio of 30-50%? Perhaps the market has determined that JPEGs aren’t the stoic asset class that the loudest members of the NFT community think they are. Three Arrows\' founders are due in court this week, and the hedge fund\'s creditors are requesting a list of wallets, crypto and other assets they have. Let\'s see the valuation they put on these NFTs then. UPDATE (July 13, 10:30 UTC): Updates with a response from DappRadar on how its tool works. CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Crypto Firms, Bitcoin Drops Below $20K Ahead of Inflation Data DoNotPay CEO Joshua Browder explains how retail investors can file claim suits against Celsius Network to attempt to recover their assets as the lender faces insolvency. CFRA analyst Angelo Zino and CoinDesk\'s Nikhilesh De share thei Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-07-13 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $379,996,842,800 - Hash Rate: 159411283.8139301 - Transaction Count: 222657.0 - Unique Addresses: 597185.0 Social & AI Sentiment: - Fear & Greed Index: 0.15 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: • On Tuesday, XRP found support from the broader market to end the day up by 3.6%. • The upside came despite bearish sentiment across the crypto market and a pivotal week in the SEC v Ripple case. • Later today, the SEC will reply to Ripple’s response to the SEC brief on the William Hinman speech-related documents. On Tuesday,XRProse by 3.58%. Partially reversing a 5.68% loss from Monday, XRP ended the day at $0.4372. The upside came in spite of theSEC v Ripplecase moving into a pivotal week for both sides. In recent weeks, court motions and rulings in the SEC v Ripple case have provided XRP with little price support. XRP last tested resistance at $0.45 on May 15, with a day high of $0.449 before the latest pullback to sub-$0.42 levels. While several motions have gone Ripple’s way, the SEC remains well placed and continues in its attempts to shield William Hinman’s 2018 speech-related documents and emails. In a 2018 speech, Hinman said that Bitcoin (BTC) and Ethereum (ETH) are not securities. William Hinman, former SEC Director of the Division of Corporation Finance, remains a central figure in the SEC v Ripple case. Last week, Ripplefileda reply to the SEC brief relating to William Hinman’s 2018 speech documents and Attorney-Client Privilege. A well-worded reply provided XRP price support last week but not by enough to suggest a Ripple victory in sight. One concern for XRP investors is that the Ripple defense team has opposed at least six SEC motions filed in opposition to Ripple’s August 10, 2021, motion to compel. Following the August 2021 motion, the court ruled in favor of Ripple on two occasions, and yet, the SEC continues to battle for Attorney-Client Privilege. The current sequence of responses comes following a courtrulingin favor of the SEC, allowing the SEC to file a brief in connection with the SEC’s attorney-client privilege claims regarding the Hinman speech documents. Today, the SEC is due to respond to Ripple’s reply, after which the court will deliver a ruling. The ruling could prove to be pivotal to the case and XRP price action near-term. At the time of writing, XRP was down 2.24% to $0.4274. A mixed start to the day saw XRP rise to an early morning high of $0.4418 before sliding to a low of $0.4246. XRP will need to move through the $0.4312pivotto target the First Major Resistance Level at $0.4454. XRP would need broader crypto market support to break out from the morning high of $0.4418. In the event of an extended rally, XRP should test the Second Major Resistance Level at $0.4538. The Third Major Resistance Level sits at $0.4763. Failure to move through the pivot at $0.4312 would bring the First Major Support Level at $0.4229 into play. Barring another extended sell-off throughout the day, XRP should avoid sub-$0.40. The Second Major Support Level at $0.4086 should limit the downside. TheEMAsand the 4-hourly candlestick chart (below) send a bearish signal. At the time of writing, XRP sits below the 50-day EMA, currently at $0.4515. This morning, the 50-day EMA pulled back from the 100-day EMA. The 100-day EMA also pulled back from the 200-day EMA, XRP negative. A move through the 50-day EMA would support a return to $0.50. While sentiment from the broader crypto market will influence, this week’s SEC submission and any court ruling will be the key drivers. Thisarticlewas originally posted on FX Empire • Russia uses new generation of laser weapons in Ukraine • UK’s Sunak to warn cost of living crisis won’t be easy to fix • Canada’s annual inflation rate edges up to 6.8% in April • Philippines’ Marcos set for supermajority as ‘Uniteam’ dominates Congress • Paris appeals court upholds charges of complicity in crimes against humanity against Lafarge – rights group • Germany received over 200 asylum applications from Russians in April – ministry... - Reddit Posts (Sample): [['u/ThrowAwaydntopnddins', "11 years of hating Bitcoin on Reddit. Let's look back on the predictions of anti-Bitcoiners (Adjusted from a post by u/fan_of_hakiksexydays almost a year ago today, to reflect Bitcoin's continued progress since then)", 44, '2022-07-13 01:35', 'https://www.reddit.com/r/CryptoCurrency/comments/vxovbc/11_years_of_hating_bitcoin_on_reddit_lets_look/', 'Bitcoin will crash below $200 (what is being said every year since the past 5 years)" Very close guys, but it\'s bouncing around $19K right now. I\'m sure you\'ll be right one day Little Tooths.\n\n&#x200B;\n\n\\-"Bitcoin will eventually be worth its real value- $0". Not looking like it will happen this year. And as long as you have a few people in the world still running Bitcoin and still exchanging it, it will never be 0.\n\n&#x200B;\n\n\\-"No one will be accepting Bitcoin". More than 15,174 retailers accept direct Bitcoin transactions directly worldwide, and 36,659 Bitcoin atms, so 51,833 businesses accepting Bitcoin through their shops via directly or via Bitcoin atms today. And now with Paypal, Strike\'s partnership with the largest payment processors in the world to use their lightning network integrations where transactions cost less than a penny and settle faster than Visa and Master card combined, and crypto cards, that number is almost limitless. (1) 2 years ago as of 2020 36% of small-medium businesses in the US accept Bitcoin as payment, and that\'s just the US. The number is much larger today.\n\n&#x200B;\n\n\\-"No one is using crypto for payments". While the number of transactions has increased, no one really knows how much is used for retail transactions. But according to a BitPay survey, 57% of crypto holders and former crypto holders, have used crypto for a retail purchase in the past year. (2) Hell, Sovereign wealth funds are showing interest in it this year because they\'re noticing a substantial rise in Bitcoin real estate and business sales globally, making it easier to transact than with Dollars that can be frozen whenever the US finds someone guilty for whatever arbitrary thing they choose to ban people from their payment systems. Thanks US, blocking Russia, and so many others from using your dollar has been the biggest Bitcoin marketing to sovereign wealth funds today, hell we even have a Prince working on Bitcoin\'s adoption by sovereign nations now thanks to that move. The US shooting itself right in the financial foot so Bitcoin can run in its place.\n\n&#x200B;\n\n\\-"Bitcoin has no intrinsic value". It has no physical intrinsic value, but it\'s the gold standard of an entire tech industry. It\'s backed by an entire industry of businesses, real world usage, institutions, and technology. Something bigger than a country. And it may not be backed by anything physical to make you trust it. But it\'s backed by something more solid than rocks: math. Hell, even well known Bitcoin critic Peter Schiff will accept it at his bank, even for the proposes of buying out his bank outright, proving it has value. For if it didn\'t, he would not accept it.\n\n&#x200B;\n\n\\-"Tether is the only reason the price of Bitcoin goes up, and it will destroy Bitcoin". While Tether is shady and obviously full of shit, it probably won\'t tank the price of Bitcoin if it ever gets delisted. There\'s now many stablecoin alternatives. And we\'ve already seen what happens to the market when a top 5 coin gets delisted, when XRP got delisted from major exchanges. Also 2 Berkley professors have already proven that Tether isn\'t what causes the price of Bitcoin to go up. (3)\n\n&#x200B;\n\n\\-"You will never get your \'institutional investors\', that\'s a pipe dream". Welcome to 2022 and our pipe dream only growing bigger and stronger as every day goes by and more institutions dip their toes in the water. You think you\'ve seen anything yet? Just wait until they reach the fomo faze after a whole cycle of experiencing this warm financial jacuzzi in a blizzarding world of cold dying fiat getting frozen from anyone\'s control anytime they don\'t play friendly with a politician.\n\n&#x200B;\n\n\\-"Bitcoin will be banned". It\'s been tried, it\'s been done. To no success. If it was gonna be banned successfully, it would have been done already. It\'s going to be harder now that there\'s more adoption, acceptance, more citizen holding it, and more importantly, an increasing number of powerful rich people, businesses, institutions, and countries invested in it now. With an increasing number of powerful and influential people, politicians, presidents, and CEOs with a stake in it, it\'s just not likely to happen now.\n\n&#x200B;\n\n\\-"Bitcoin is a ponzi". Just because you want to sell something for more than you paid, doesn\'t make it a Ponzi. By definition a Ponzi would need a company or person at the top. Bitcoin is a peer to peer network with no person or company in control. By definition it\'s also subversive scheme, selling a fake stock that they don\'t own, and not upfront about what it\'s doing, with no transparency. Bitcoin is one of the most transparent things. You want to see a real Ponzi Scheme, check out the dollar: [https://medium.com/coinmonks/the-modern-financial-system-is-a-debt-based-pyramid-scheme-and-an-investment-based-ponzi-scheme-e37c4154b9](https://medium.com/coinmonks/the-modern-financial-system-is-a-debt-based-pyramid-scheme-and-an-investment-based-ponzi-scheme-e37c4154b9)\n\n&#x200B;\n\n\\-"No country is ever going to accept Bitcoin as its currency". Oops...El Salvador, the Central African Republic, several independent zones, already do, with Brazil, Mexico, Panama, Russia, and so many more already working on legislation to make it so in their countries as well.\n\n&#x200B;\n\n\\-"Bitcoin is just a fad and will die out". It\'s been 13 years. And it\'s going stronger than ever. Can\'t wait for another decade of r/Buttcoin giving us some brilliant predictions.Maybe it\'s time to trade those bags of salt for bags of crypto.\n\n&#x200B;\n\nThank you u/fan_of_hakiksexydays for your original post inspiring this adaptation of your post to fit the modern day\'s progress since your post that was done only a year ago today.\n\n&#x200B;\n\nEdit: It has come to my attention that those Buttcoiners are so Butthurt about their wrong predictions on Bitcoin, a technology they don\'t even understand, over the last 11 years, that they\'re now Brigading this post to try and manipulate both its votes down, and manipulate their comments\' votes up on this post\'s thread. Here\'s a link to their Brigading post on their sub to this post here: [https://np.reddit.com/r/Buttcoin/comments/vy9rix/bitcoin\\_is\\_going\\_stronger\\_than\\_ever\\_down\\_71\\_lol/](https://www.reddit.com/r/Buttcoin/comments/vy9rix/bitcoin_is_going_stronger_than_ever_down_71_lol/)\n\nHere\'s an example of one of their attempts to get more upvotes for their comments on this thread by their fellow Buttcoiners, directly breaking Reddit\'s rules against manipulating the sites and its communities normal functions: [https://np.reddit.com/r/Buttcoin/comments/vy9rix/comment/ig1sb3a/?utm\\_source=reddit&utm\\_medium=web2x&context=3](https://www.reddit.com/r/Buttcoin/comments/vy9rix/comment/ig1sb3a/?utm_source=reddit&utm_medium=web2x&context=3)\n\nWould be a shame if someone reported them to Reddit\'s admins for breaking Reddits Sitewide Rules.', 'https://www.reddit.com/r/CryptoCurrency/comments/vxovbc/11_years_of_hating_bitcoin_on_reddit_lets_look/', 'vxovbc', [['u/[deleted]', 34, '2022-07-13 04:02', 'https://www.reddit.com/r/CryptoCurrency/comments/vxovbc/11_years_of_hating_bitcoin_on_reddit_lets_look/ifxt82p/', 'This is finally, after all day, a post that will age well.', 'vxovbc'], ['u/eat-sleep-rave', 15, '2022-07-13 05:46', 'https://www.reddit.com/r/CryptoCurrency/comments/vxovbc/11_years_of_hating_bitcoin_on_reddit_lets_look/ify5z8p/', 'My favorite header is from Washington Post, 19 February 2016\n\n"R.I.P. Bitcoin. It’s Time To Move On"\n\nThe price of bitcoin was $420 back then', 'vxovbc'], ['u/JerryLeeDog', 18, '2022-07-13 07:20', 'https://www.reddit.com/r/CryptoCurrency/comments/vxovbc/11_years_of_hating_bitcoin_on_reddit_lets_look/ifyfgh9/', 'This is good for r/Buttcoin \n\nI think they just move the decimal over every 4 years and say "ha! bet it\'s going to lose 80% of its value from here now!"\n\nOnly problem is the decimal has been moving in the wrong direction the whole fucking time from their perspective and they just keep hitting reset on denial basically', 'vxovbc'], ['u/LightninHooker', 22, '2022-07-13 07:57', 'https://www.reddit.com/r/CryptoCurrency/comments/vxovbc/11_years_of_hating_bitcoin_on_reddit_lets_look/ifyio2k/', 'OG buttcoiners are the saddest people in reddit. And that\'s something\n\nEvery day of their lifes is a reminder of how much money they could have made but they choose "to be right" \n\nThey ended up being nothing but bitter ass internet trolls', 'vxovbc'], ['u/Heclalava', 10, '2022-07-13 09:58', 'https://www.reddit.com/r/CryptoCurrency/comments/vxovbc/11_years_of_hating_bitcoin_on_reddit_lets_look/ifys44t/', "Isn't half of Reddit bitter ass internet trolls?", 'vxovbc'], ['u/Ornery_Soft_3915', 10, '2022-07-13 10:15', 'https://www.reddit.com/r/CryptoCurrency/comments/vxovbc/11_years_of_hating_bitcoin_on_reddit_lets_look/ifytcuk/', 'Or how much money they could have lost? The swings are going down as well, if I had DCAd the lat 3-4 years K would be in a fucking hole right now….', 'vxovbc'], ['u/ImThour', 12, '2022-07-13 10:46', 'https://www.reddit.com/r/CryptoCurrency/comments/vxovbc/11_years_of_hating_bitcoin_on_reddit_lets_look/ifyvlf8/', "> Also 2 Berkley professors have already proven that Tether isn't what causes the price of Bitcoin to go up.\n\nSource please", 'vxovbc'], ['u/Cryptizard', 10, '2022-07-13 19:20', 'https://www.reddit.com/r/CryptoCurrency/com... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening:\nPrices:Bitcoin\'s price clawed back above $20K despite a hot U.S. inflation reading. "Meh," said one analyst.\nInsights:Interest in mergers and acquisitions within the crypto sector is gaining traction amid a bear market and falling venture capital interest, Shaurya Malwa reports.\nPleasesign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context.\n●Bitcoin (BTC): $19,904+2.6%\n●Ether (ETH): $1,090+4.3%\n●S&P 500 daily close: 3,801.78−0.4%\n●Gold: $1,733 per troy ounce+0.5%\n●Ten-year Treasury yield daily close: 2.90%−0.05\nBitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found atcoindesk.com/indices.\nBitcoin (BTC) was higher, gaining for the first time in six days and clawing back over $20,000.\nThe expectation going into Wednesday was that a high U.S. inflation reading for June would push the Federal Reserve to get more aggressive in tightening monetary conditions to slow the consumer-price increases – and that in turn would put negative pressure on prices for risky assets, from stocks to bitcoin.\nU.S. stocks ended the session lower, so bitcoin\'s rise prompted some head-scratching from crypto analysts.\n"Normally, this is bad news for the economy and the markets," wrote Alexandre Lores, director of blockchain markets research at Quantum Economics, wrote in a newsletter. "Whether it\'s just another piece of bad economic data thrown onto the pile, or whether this was already priced in, so far investors are meh about it."\nIn digital asset markets, Polygon\'sMATICtoken was up 11% after Polygon wasselected as one of six companies to join Disney\'s Accelerator program.\nAnd crypto analysts were gawking at an obscure market metric known as the "stETH discount" – possibly a sign troubled crypto lender Celsius Network might be getting ready to dump some or all of its $435 million stash of staked ether (stETH) tokens. Krisztian Sandor hadthat story, as well as another exclusive based on blockchain data showing Celsius paying off its final installment of loans to decentralized finance protocols – in this case a$50 million loan to Compound.\n(Just before press time, CNBC reported that Celsius\'s lawyers were notifying state regulators that it hadstarted Chapter 11 bankruptcy proceedings. Celsius didn\'t immediately respond to an email from CoinDesk requesting comment.)\nToday\'s First Mover Asia was edited by Bradley Keoun and produced by Greg Ahlstrand.\n[{"Asset": "Polygon", "Ticker": "MATIC", "Returns": "+11.2%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+7.6%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Ethereum", "Ticker": "ETH", "Returns": "+4.4%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22120.9%", "DACS Sector": "Entertainment"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22120.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polkadot", "Ticker": "DOT", "Returns": "\\u22120.2%", "DACS Sector": "Smart Contract Platform"}]\nCrypto M&A Becoming a Thing as Cash-Flush Giants Pick Up the Little Guys\nBy Shaurya Malwa\nInterest in mergers and acquisitions within the crypto sector is gaining traction amid a bear market and falling venture capital interest.\nCompanies flush with cash, such as crypto exchange FTX, are using their resources to capitalize on distressed assets in times of turmoil. The exchange’s U.S. counterpart, FTX US, recently gained an option to buy embattled crypto company BlockFi forup to $240 million, after offering a $400 million line of credit.\nSeparately, blockchain protocol company Ripplesaidin May that it was prepared to use its “strong balance sheet” to purchase the companies behind popular crypto protocols and products.\nThe sentiment follows a record year for mergers and acquisition activity in 2021. According to a PwC report, such deals accounted for transactions totaling more than $55 billion, much more than the $1.1 billion recorded in 2020.\nAverage deal sizes in the space last year also tripled to $179.7 million in 2021 from $52.7 million in 2020, the PwC report found.\nSome analysts say the increasing interest in purchasing existing crypto players comes from the “size is important” mentality of founders.\n“Companies that already dominate segments of their market and who think that size is important will use the opportunities to buy smaller competitors to absorb their customers,” said Martin Hiesboeck, head of research at crypto bank Uphold, in an email with CoinDesk.\n“Financial institutions with money at their disposal have always used times of crisis to strengthen their position. This is nothing new, and certainly not a feature special to crypto. Just like in banking, few banks in any country dominate the market,” Hiesboeck added.\nThat does not, however, mean that smaller operators with innovative or disruptive business models don\'t have room to grow, Hiesboeck said.\nMeanwhile, Hiesboeck said a number of smaller crypto players might be facing turbulence in the current market conditions. “Data leads us to believe that around eight smaller exchanges/wallets are currently struggling, however it\'s still unclear across the market how this will play out,” he said, without divulging specifics.\n“The changing regulatory environment, in particular in the European Union, will force exchanges, and lenders in particular, to disclose more information about their holdings and liabilities, and therefore allow us to have a clear picture of who may be buying and who may be bought,” Hiesboeck said.\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin, Crypto Markets Turn Red Upon News of US Inflation Hitting 9.1%, Legal Ramifications of NFT-backed Loans\nU.S. economy recorded 9.1% inflation in June, a new 40-year high. Will policy makers look for even more aggressive measures to tame inflation, and how would this affect crypto markets? Plus, Jeff Karas, lawyer at Anderson Kill, discusses the complexity and risks of using non-fungible tokens (NFT) as collateral for secure loans. And Aaron Selenica, a college student who lost money trading on the now bankrupt Voyager Digital, shares his story.\nFormer Crypto Adviser Michael Barr Confirmed as Top US Financial Watchdog:The U.S. Senate approved the appointment of Barr, an ex-Ripple adviser who served in Obama’s Treasury Dept., as the Fed’s new vice chair for supervision.\nCelsius Pays Off Last DeFi Loan, Reclaims Nearly $200M of Wrapped Bitcoin From Compound:The troubled crypto lender previously paid off loans from Aave and Maker.\nWobble in stETH\'s Price Shows Fear Celsius Might Dump $435M Stake:The discount on stETH, a derivative of ether, surged as the crypto lender reclaimed and then transferred almost 10% of the total supply of the token.\nPolygon Joins Disney’s ‘Accelerator Program’ to Develop AR, NFT and AI Experiences:The Ethereum scaling tool is one of six companies selected by the media and entertainment giant to be a part of its new program.\nThe Fed Can\'t Whip Inflation Alone\nToday\'s crypto explainer:What Is Bitcoin Pizza Day?', 'Good morning. Here’s what’s happening: Prices: Bitcoin\'s price clawed back above $20K despite a hot U.S. inflation reading. "Meh," said one analyst. Insights: Interest in mergers and acquisitions within the crypto sector is gaining traction amid a bear market and falling venture capital interest, Shaurya Malwa reports. Please sign up for First Mover , our daily newsletter putting the latest moves in crypto markets in context. Prices ● Bitcoin ( BTC ): $19,904 +2.6% ● Ether ( ETH ): $1,090 +4.3% ● S&P 500 daily close: 3,801.78 −0.4% ● Gold: $1,733 per troy ounce +0.5% ● Ten-year Treasury yield daily close: 2.90% −0.05 Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found at coindesk.com/indices. Bitcoin ( BTC ) was higher, gaining for the first time in six days and clawing back over $20,000. The expectation going into Wednesday was that a high U.S. inflation reading for June would push the Federal Reserve to get more aggressive in tightening monetary conditions to slow the consumer-price increases – and that in turn would put negative pressure on prices for risky assets, from stocks to bitcoin. U.S. stocks ended the session lower, so bitcoin\'s rise prompted some head-scratching from crypto analysts. "Normally, this is bad news for the economy and the markets," wrote Alexandre Lores, director of blockchain markets research at Quantum Economics, wrote in a newsletter. "Whether it\'s just another piece of bad economic data thrown onto the pile, or whether this was already priced in, so far investors are meh about it." In digital asset markets, Polygon\'s MATIC token was up 11% after Polygon was selected as one of six companies to join Disney\'s Accelerator program . And crypto analysts were gawking at an obscure market metric known as the "stETH discount" – possibly a sign troubled crypto lender Celsius Network might be getting ready to dump some or all of its $435 million stash of staked ether (stETH) tokens. Krisztian Sandor had that story , as well as another exclusive based on blockchain data showing Celsius paying off its final installment of loans to decentralized finance protocols – in this case a $50 million loan to Compound . Story continues (Just before press time, CNBC reported that Celsius\'s lawyers were notifying state regulators that it had started Chapter 11 bankruptcy proceedings . Celsius didn\'t immediately respond to an email from CoinDesk Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-07-14 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $387,435,409,650 - Hash Rate: 179699992.6629758 - Transaction Count: 286894.0 - Unique Addresses: 685931.0 Social & AI Sentiment: - Fear & Greed Index: 0.18 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Don't miss CoinDesk'sConsensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12. Bradley Miles, co-founder of social token infrastructure platformRoll, owns bitcoin, does not own DOGE and thinks in 100 years there will be fewer currencies. His platform is built for the creator economy, it allows anyone to mint a token to monetize their brands and reward communities. Miles, a speaker at theConsensus festival, is the latest to answer CoinDesk Confidential, our updated version of the Proust Questionnaire. The original survey was popularized, but not invented, by the French novelist about a century ago, and seeks to arrive at an understanding of someone's "true nature" by asking a series of mundane and thought-provoking questions. You can take the questionnaire, updated for the crypto age,here. Do you own bitcoin? Heck yeah. Do you own dogecoin? Nope. What about SHIB? Nope, there will be many "SHIBs" in the next five years or so, no staying power. Where are you from? New Yawk Greatest fear? We aren't ethically thinking about technology enough. No one (aside from Tristan Harris) is really thinking about the ethics of technology at scale. Greatest joy? We are truly building the technology of the future, it's a dream! We also get a front row seat and get to talk to the smartest folks! What is the quality you most like in a man/woman/person? Honestly and the ability to at least have conversations 5 years in the future What do you consider the most overrated virtue? Beauty Do you often remember your dreams? I remember my dreams may once every 3 years. In a dream 3 years ago I ran into a room with a bunch of spiders and cobwebs and in the most recent dream I remember, I lost all my teeth. What does it all mean?! Do you like lemons? I love lemons and lemon juice as well 🍋 Is crypto still blossoming? This is like asking if the internet is still blossoming. Of course! for at least the next 20 years. Is crypto an ugly duck? Maybe like the Internet was an ugly duck from like 1990-1994 Should Elon Musk run Twitter? I don't have a preference here. I think it could go horribly wrong or beautifully correct. At the end of the day it's just a platform. Should countries be run as companies? Wow, hmmm, not sure. In 100 years, will there be more or fewer monies? hahaha. Nooooooo. Is the U.S. dollar a Ponzi scheme? Read the Fiat Standard. It analyzes USD through tokenomics and thinks of other fiat coins (pounds etc.) as layer 2 coins that settle on layer 1 (USD). I think USD will be around for at least the next few centuries and is not a Ponzi, Who is your favorite politician? Why? I think maybe Andrew Yang. I met him before he ran for office and he was cordial and really excited about the promise of blockchains. He still is! Is Bitcoin forever? Probably, but will only be relevant until the max supply is realized a century from now. 2200 – I don't think we really rely on bitcoin Which living person do you most admire? Sam Harris is really impressive! What is your idea of perfect happiness? No fears and a great walk Ću vi parolas esperanton? Kompreneble Do what you want or do what you must? Do what you must until they are the same Would you choose a green thumb or the absolute guarantee you will never get gangrene? ew. Green thumb probs. What is your best characteristic? I can listen and not talk for a really long time. What characteristic do you most deplore in yourself? If I know you really well, I tend to interrupt more than I'd like to admit. Do you use a hardware wallet? Fasho Greatest extravagance? Orvis backpack Your worst regret? Spending money on people. Favorite TV show? (What you're watching now?) Ozark! Or Billions (I know ... new season isn't as good)! Any words of wisdom? Don't try You can have one historical figure over for coffee, who do you choose? Dostoevsky for sure. Or Kierkegaard! Love my existentialists Jack Dorsey wanted a “Blue Sky” for Twitter. Should the web only be built on open protocols? Open protocol maximalism isn't for everyone. Once most of the midwest is on the blockchain we can start to really ask these questions. For now, they are still figuring out Snapchat. Approximate size – depth and width – of the largest hole you’ve dug? Not far, maybe like 2 feet on the beach What is your greatest achievement? Building Roll! Or writing BreakIntoVC! AI. To be pursued? For sure, but the real goal is AGI Your current state of mind? New Yawk Would you choose to live forever? Why or why not? Living forever would be incredibly painful for a number of reason, in many ways, it would be inhumane. Living 2-3x longer is interesting. Do cars look like faces to you? hehe Dogs or cats? Ask my wife Can dogs smile? Yeah, I saw it on youtube once Who is your favorite singer? At the time of the answer the Bulgarian State Television Female Choir Napkins: for or against them? Are you kidding? For Do you have a library card? Not anymore sadly. The library audiobook system is a such a good free hack. How is the weather today? Beautiful! On what occasion do you lie? oof ... no comment. What do you most dislike about your appearance? I wish I lost maybe 10 pounds! Which living person do you most despise? I don't really have too much negative energy for folks these days but probably a few dictators. Maybe Ann Coulter? Do you write a list before grocery shopping? I should If you could be safely catapulted somewhere, would you prefer to walk? hehe Do you own an article of clothing that could be called indigo? yeah Bees see ultraviolet; do you see the same world (or most of it)? huh? New York or San Francisco bagels? Dude. Yawk. How many glasses of water do you drink per day? Not enough! Are birds real? Yeah What drives you? I think I can create a better future for people that are all-in on the internet Would you ever drive a red convertible regularly? I drove a blue one for years. What or who is the greatest love of your life? My wife! And crypto! Which words or phrases do you most overuse? heh, "Wrap around" What’s your strongest-held belief that would get you "canceled"? ... What’s the funniest/smartest tweet you’ve seen that can recall off the top of your head? Elon's musks memes are funny. I like the one about "bots all the way down" referring to twitter. That or on the smart side probably a James Clear tweet. Single favorite meme? @inversebrah If you could be granted one superpower, what would it be? Making inanimate objects conscious. How would you like to die? Peacefully In three words or fewer, what is currently the largest detriment to society? Hungry poor people In three words or fewer, what is currently the greatest hope for society? Raising collective intelligence... - Reddit Posts (Sample): [['u/redroverliveson', 'Bitcoin - 110k. 2 Tetriz + 2 Green Bats = 200k. Time to change the Mechanic trade or what?', 202, '2022-07-14 00:10', 'https://www.reddit.com/r/EscapefromTarkov/comments/vyfed2/bitcoin_110k_2_tetriz_2_green_bats_200k_time_to/', "If bitcoin is going to go up and down with the market, shouldn't these barters as well?\n\nIn reality it makes no sense doing this trade losing nearly 100K in profit. \n\nSomeone talk to me and hold me close.", 'https://www.reddit.com/r/EscapefromTarkov/comments/vyfed2/bitcoin_110k_2_tetriz_2_green_bats_200k_time_to/', 'vyfed2', [['u/definitelynotdepart', 156, '2022-07-14 01:39', 'https://www.reddit.com/r/EscapefromTarkov/comments/vyfed2/bitcoin_110k_2_tetriz_2_green_bats_200k_time_to/ig25scm/', "There's a fuck ton of useless barters, this is just yet one more added to the list now.", 'vyfed2'], ['u/Kanzuke', 12, '2022-07-14 01:44', 'https://www.reddit.com/r/EscapefromTarkov/comments/vyfed2/bitcoin_110k_2_tetriz_2_green_bats_200k_time_to/ig26f36/', "Except the vendor price of the requirements is 183,960 to therapist. It's not even worth trading non-fir items at the moment", 'vyfed2'], ['u/Heajongs', 22, '2022-07-14 01:54', 'https://www.reddit.com/r/EscapefromTarkov/comments/vyfed2/bitcoin_110k_2_tetriz_2_green_bats_200k_time_to/ig27v5r/', 'The only reason I can see people doing the trade is to get bitcoins for the weapon case trade', 'vyfed2'], ['u/Draizix', 16, '2022-07-14 02:30', 'https://www.reddit.com/r/EscapefromTarkov/comments/vyfed2/bitcoin_110k_2_tetriz_2_green_bats_200k_time_to/ig2cp4n/', 'Time to just make bitcoin a regular price. Never change it and leave it alone.', 'vyfed2'], ['u/imjustnapping', 11, '2022-07-14 03:16', 'https://www.reddit.com/r/EscapefromTarkov/comments/vyfed2/bitcoin_110k_2_tetriz_2_green_bats_200k_time_to/ig2ixji/', 'nothing new here, just another useless outdated barter added to the list of completely useless barters ayyy.', 'vyfed2'], ['u/massa_chan', 35, '2022-07-14 04:36', 'https://www.reddit.com/r/EscapefromTarkov/comments/vyfed2/bitcoin_110k_2_tetriz_2_green_bats_200k_time_to/ig2tdve/', 'its funny when bitcoin goes trough the roof, they nerf its price. But when it crash They leave it.', 'vyfed2'], ['u/straight_lurkin', 57, '2022-07-14 04:46', 'https://www.reddit.com/r/EscapefromTarkov/comments/vyfed2/bitcoin_110k_2_tetriz_2_green_bats_200k_time_to/ig2umrx/', "I have some bad news for you, don't look at 90% of barters in the game. Y'all remember the original tetriz trade? Good times.\n\nSide note, use your bitcoins to trade for weapons cases. Basically get a weapons case for 1.1mil", 'vyfed2'], ['u/Titanus69420', 11, '2022-07-14 05:10', 'https://www.reddit.com/r/EscapefromTarkov/comments/vyfed2/bitcoin_110k_2_tetriz_2_green_bats_200k_time_to/ig2xkg5/', 'Better off just getting Mechanic level 3, and buying two or three cases with the money you saved.', 'vyfed2'], ['u/TheMrTGaming', 25, '2022-07-14 06:58', 'https://www.reddit.com/r/EscapefromTarkov/comments/vyfed2/bitcoin_110k_2_tetriz_2_green_bats_200k_time_to/ig39evj/', 'I remember when they did all the bandaid "fixes" to bitcoin. Rather than simply adjust the value of the coin, they nerfed production. Which to my knowledge is still the same, really slow and mostly unprofitable. I hate to be negative all the time about this game, but with every decision it seems like they\'re using half their brain and none their resources to actually improve the game. Barters that make no sense, zero actual effort in balancing ammo stats and availability, armor prices and trades that are simply wild.', 'vyfed2'], ['u/PawPawPanda', 13, '2022-07-14 08:02', 'https://www.reddit.com/r/EscapefromTarkov/comments/vyfed2/bitcoin_110k_2_tetriz_2_green_bats_200k_time_to/ig3fa2z/', "Actually a great tip, thank you! Sold all my GP coins and was probably going to sell the bitcoins tomorrow, now I'll keep them for the trade.", 'vyfed2'], ['u/Annonimbus', 21, '2022-07-14 10:17', 'https://www.reddit.com/r/EscapefromTarkov/comments/vyfed2/bitcoin_110k_2_tetriz_2_green_bats_200k_time_to/ig3po68/', 'Useless barters make me unreasonably sad. Why are they in the game if buying the item directly is cheaper anyway? :(', 'vyfed2'], ['u/I_was_a_sexy_cow', 12, '2022-07-14 10:37', 'https://www.reddit.com/r/EscapefromTarkov/comments/vyfed2/bitcoin_110k_2_tetriz_2_green_bats_200k_time_to/ig3r2pf/', 'Well let\'s say you die with a thing in one of these useless items in your inventory, now you have one not found in raid sitting in your stash. Let\'s say that item sells for 4k to the trader, but the barter item sells for 7k\n\nBartering would then give you 12k of "spent" money instead of 4, right? Even tho the barter was useless', 'vyfed2'], ['u/baseballdude32', 10, '2022-07-14 11:34', 'https://www.reddit.com/r/EscapefromTarkov/comments/vyfed2/bitcoin_110k_2_tetriz_2_green_bats_200k_time_to/ig3v7ev/', "At least in the case of the Bitcoin barter, tetris sell for ~70k each and GreenBat sells for ~15k each. That's 200k to vendor, bitcoin is ~115k. That's -85k for vendor barter. Bitcoins don't really have a use outside of the weapon cases but the other barters for them are almost always way cheaper.", 'vyfed2'], ['u/straight_lurkin', 10, '2022-07-14 13:12', 'https://www.reddit.com/r/EscapefromTarkov/comments/vyfed2/bitcoin_110k_2_tetriz_2_green_bats_200k_time_to/ig43111/', 'Oooooi ... there is a GP coin barter after a REALLY early lighthouse quest that trades 5 GP coins for a almost full meta 7.62 Ak. The grip, handguard, and muzzle alone sell for 150k. Last wipe it was 3 GP then they nerfed it and its still a great deal', 'vyfed2'], ['u/halalbacon991', 10, '2022-07-14 13:17', 'https://www.reddit.com/r/EscapefromTarkov/comments/vyfed2/bitcoin_110k_2_tetriz_2_green_bats_200k_time_to/ig43j08/', 'this is classic bsg nerf philosophy. nerf everything around it, then when they see it still doesnt work, they smash the nerf(sledge)hammer, while keeping previous nerfs.\n\n&#x200B;\n\nseen it so many times over the years. kiba, labs and whatnot.. so annoying', 'vyfed2']]], ['u/TerribleD', 'Its the Whales! No, its the Bears! Wait, its the derivatives markets! Wrong, its the Bulls...', 42, '2022-07-14 00:43', 'https://www.reddit.com/r/Bitcoin/comments/vyg683/its_the_whales_no_its_the_bears_wait_its_the/', "I'm calling bullshit on all of it and have gotten to the point where I JUST DON'T FUCKING CARE ANYMORE about price action. I used to be addicted to watching charts but now days go by and I don't even know the dollar amount of bitcoin.\n\nI just keep on stacking and ignore the FUD and Fake News and know in my knower that someday Bitcoin rules the financial system and price doesn't matter.", 'https://www.reddit.com/r/Bitcoin/comments/vyg683/its_the_whales_no_its_the_bears_wait_its_the/', 'vyg683', [['u/Klowd09', 22, '2022-07-14 00:52', 'https://www.reddit.com/r/Bitcoin/comments/vyg683/its_the_whales_no_its_the_bears_wait_its_the/ig1z95v/', '"Know in my knower" 🤣 I love it.', 'vyg683']]], ['u/mrzuzzo', "The utility of NFTs and crypto is in solving inflation, and here's why.", 40, '2022-07-14 01:05', 'https://www.reddit.com/r/Buttcoin/comments/vygnoj/the_utility_of_nfts_and_crypto_is_in_solving/', "Alright, listen up you stupid nocoiners. This morning as BTC once again dipped so I could stack more sats, I realized that it dipped because the new inflation numbers were announced.\n\nSo inflation is currently above 9%, but the devil is in the details. I direct you to the Bureau of Labor Statistics website right here: [https://www.bls.gov/news.release/cpi.t02.htm](https://www.bls.gov/news.release/cpi.t02.htm) which explains how they count inflation. \n\nNow, look through the categories. You've got things like food, energy, clothing, etc. What's missing? That's right. NFTs and crypto. \n\nSo here's the deal:\n\nInflation is high because the stupid boomers and old farts in the government don't take the price of NFTs and crypto into account.\n\nI did some back-of-the-napkin math with my cousin Vinny and we concluded that if you count a 90%+ percent deflation in NFT prices and a 70% deflation in crypto prices in the CPI, then we are actually in a deflationary cycle, not inflationary as the evil government and mainstream media would want you to believe.\n\nThe solution is simple and few understand. NFTs solve inflation. \n\n&#x200B;\n\nCheckmate you stupid nocoiners, have fun staying poor.", 'https://www.reddit.com/r/Buttcoin/comments/vygnoj/the_utility_of_nfts_and_crypto_is_in_solving/', 'vygnoj', [['u/kiwi_crusher', 13, '2022-07-14 01:50', 'https://www.reddit.com/r/Buttcoin/comments/vygnoj/the_utility_of_nfts_and_crypto_is_in_solving/ig277ow/', 'Mods get him', 'vygnoj'], ['u/spookmann', 18, '2022-07-14 02:03', 'https://www.reddit.com/r/Buttcoin/comments/vygnoj/the_utility_of_nfts_and_crypto_is_in_solving/ig292d6/', '"But mods...I am Pagliacci.”\n\n(Also... I think this is /s).', 'vygnoj'], ['u/EdMan2133', 19, '2022-07-14 02:15', 'https://www.reddit.com/r/Buttcoin/comments/vygnoj/the_utility_of_nfts_and_crypto_is_in_solving/ig2alir/', 'Holy shit you proved that fiat is actually deflationary. Moon wen?', 'vygnoj'], ['u/mrzuzzo', 10, '2022-07-14 02:57', 'https://www.reddit.com/r/Buttcoin/comments/vygnoj/the_utility_of_nfts_and_crypto_is_in_solving/ig2gb31/', 'Yes. This is why you must always DYOR. I did a lot of research between YouTube videos and Twitter threads and discovered this.', 'vygnoj'], ['u/meekmarmot', 13, '2022-07-14 05:11', 'https://www.reddit.com/r/Buttcoin/comments/vygnoj/the_utility_of_nfts_and_crypto_is_in_solving/ig2xqgx/', 'You failed to account for slurp juice which, when used multiple times on a single ape, actually causes inflation in NFTs.', 'vygnoj']]], ['u/mnpc', 'Some of the lawsuits (by users) against Celsius.', 25, '2022-07-14 01:49', 'https://www.reddit.com/r/CelsiusNetwork/comments/vyhlgg/some_of_the_lawsuits_by_users_against_celsius/', 'Findings from searching public records (will update periodical... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Key Insights: It was another bullish session for the crypto top ten, with Ethereum (ETH) leading the way. The upside came despite a spike in US wholesale inflation, with FOMC member chatter of a 75-basis point rate hike easing fears of a 100-basis point hike later this month. The total crypto market cap rose by $23 billion to log the second increase of the week. It was a bullish Thursday session for the crypto top ten. Bitcoin ( BTC ) consolidated the Wednesday rebound, while ETH bounced back to revisit $1,200. A spike in US wholesale inflation and weak jobless claims figures tested support for riskier assets. The US wholesale annual rate of inflation accelerated from 10.9% to 11.3% in June, beating a forecasted 10.7%. In the week ending July 8, jobless claims rose from 235k to 244k, adding to the bearish sentiment. Later in the US session, however, riskier assets found support from Fed Governor Christopher Waller, who supported a 75-basis point rate hike in July. The latest consumer price and nonfarm payroll figures have brought a 100-basis point rate hike onto the table. Market reaction to Waller’s comments was evident, with the crypto market rising in response. The NASDAQ 100 avoided a fourth consecutive day in the red, eking out a 0.03% gain ahead of US retail sales figures due later today. Total Market Cap – NASDAQ – 150722 5 Min Chart At the time of writing, the NASDAQ 100 Mini was up 61 points, with the retail sales figures likely the final piece of the jigsaw for the Fed. Solid numbers would support the more hawkish rate hike bets. Amidst increased sensitivity to FOMC member chatter, Fed commentary will also draw plenty of interest. The Total Crypto Market Cap Returns to $900bn A mixed Thursday session saw the crypto market cap fall to a day low of $855 billion before finding support. Investor reaction to the US wholesale inflation and jobless claims figures weighed before a jump to a high of $914 billion. While a late pullback limited the upside, investors poured a further $23 billion back into the market to take the crypto market cap up $37 billion for July. Story continues Total Market Cap 150722 Daily Chart The Crypto Market Movers and Shakers from the Top Ten and Beyond ETH rallied by 7.04% to lead the way, with BNB (+3.47%) and SOL (+6.31%) finding strong support. ADA (+0.68%), BTC (+1.71%), DOGE (+0.87%), and XRP (+2.93%) trailed the front runners. From the CoinMarketCap top 100, Uniswap ( UNI ) and Polygon ( MATIC ) were among the front runners, with gains of 14.70% and 10.94%, respectively. At the other end of the table, TerraClassicUSD ( USTC ) and Decred ( DCR ) fell by 11.25% and 1.22%, respectively, to buck the broader market trend. Total Crypto Liquidations Slip Back in Bullish Session On Thursday, 24-hour liquidations eased back as the crypto market brushed aside wholesale inflation numbers from the US. This morning, 24-hour liquidations stood at $180 million, down from $230 million on Thursday. Liquidated traders over the last 24 hours declined to also reflect improving market conditions. At the time of writing, liquidated traders stood at 51,568 versus 72,955 on Thursday. One-hour and four-hour liquidations showed improving market conditions at the turn of the day. According to Coinglass , one-hour liquidations stood at $2.41 million, down from $7.12 million on Thursday. Four-hour liquidations stood at $9.20 million, down from $13.28 million on Thursday. Total Crypto Liquidations 150722 Daily News Highlights CEL Token price plunged 50% in response to Celsius filing for bankruptcy. Walt Disney ( DIS ) selected Polygon (MATIC) to join the 2022 Disney Accelerator. The crypto winter hit Open Sea, which announced a 20% reduction in headcount Uniswap surged in response to Robinhood ( HOOD ) listing. The UK’s Financial Conduct Authority (FCA) called for global crypto rules to keep the markets clean. This article was originally posted on FX Empire More From FXEMPIRE: Chinese property shares slide despite Beijing assurance on mortgage protests Sri Lanka’s parliament speaker accepts Rajapaksa’s resignation Indonesia trade surplus beats forecast after palm oil exports resumption Sri Lanka parliament speaker accepts Rajapaksa’s resignation Ukraine denounces deadly missile strike as war overshadows G20 meeting Uniqlo owner’s shares reach 2022 high on profit forecast, yen', '• It was another bullish session for the crypto top ten, with Ethereum (ETH) leading the way.\n• The upside came despite a spike in US wholesale inflation, with FOMC member chatter of a 75-basis point rate hike easing fears of a 100-basis point hike later this month.\n• The total crypto market cap rose by $23 billion to log the second increase of the week.\nIt was a bullish Thursday session for thecryptotop ten. Bitcoin (BTC) consolidated the Wednesday rebound, whileETHbounced back to revisit $1,200.\nA spike in US wholesale inflation and weak jobless claims figures tested support for riskier assets.\nThe US wholesale annual rate of inflation accelerated from 10.9% to 11.3% in June, beating a forecasted 10.7%. In the week ending July 8, jobless claims rose from 235k to 244k, adding to the bearish sentiment.\nLater in the US session, however, riskier assets found support from Fed Governor Christopher Waller, who supported a 75-basis point rate hike in July. The latest consumer price and nonfarm payroll figures have brought a 100-basis point rate hike onto the table.\nMarket reaction to Waller’s comments was evident, with the crypto market rising in response.\nThe NASDAQ 100 avoided a fourth consecutive day in the red, eking out a 0.03% gain ahead of US retail sales figures due later today.\nAt the time of writing, the NASDAQ 100 Mini was up 61 points, with the retail sales figures likely the final piece of the jigsaw for the Fed. Solid numbers would support the more hawkish rate hike bets. Amidst increased sensitivity to FOMC member chatter, Fed commentary will also draw plenty of interest.\nA mixed Thursday session saw the crypto market cap fall to a day low of $855 billion before finding support. Investor reaction to the US wholesale inflation and jobless claims figures weighed before a jump to a high of $914 billion.\nWhile a late pullback limited the upside, investors poured a further $23 billion back into the market to take the crypto market cap up $37 billion for July.\nETHrallied by 7.04% to lead the way, withBNB(+3.47%) andSOL(+6.31%) finding strong support.\nADA(+0.68%),BTC(+1.71%),DOGE(+0.87%), andXRP(+2.93%) trailed the front runners.\nFrom theCoinMarketCaptop 100, Uniswap (UNI) and Polygon (MATIC) were among the front runners, with gains of 14.70% and 10.94%, respectively.\nAt the other end of the table, TerraClassicUSD (USTC) and Decred (DCR) fell by 11.25% and 1.22%, respectively, to buck the broader market trend.\nOn Thursday, 24-hour liquidations eased back as the crypto market brushed aside wholesale inflation numbers from the US.\nThis morning, 24-hour liquidations stood at $180 million, down from $230 million on Thursday.\nLiquidated traders over the last 24 hours declined to also reflect improving market conditions. At the time of writing, liquidated traders stood at 51,568 versus 72,955 on Thursday.\nOne-hour and four-hour liquidations showed improving market conditions at the turn of the day.\nAccording toCoinglass, one-hour liquidations stood at $2.41 million, down from $7.12 million on Thursday. Four-hour liquidations stood at $9.20 million, down from $13.28 million on Thursday.\n• CEL Token priceplunged50% in response to Celsius filing for bankruptcy.\n• Walt Disney (DIS) selected Polygon (MATIC) to join the 2022 Disney Accelerator.\n• The crypto winter hit Open Sea, whichannounceda 20% reduction in headcount\n• Uniswapsurgedin response to Robinhood (HOOD) listing.\n• The UK’s Financial Conduct Authority (FCA)calledfor global crypto rules to keep the markets clean.\nThisarticlewas originally posted on FX Empire\n• Chinese property shares slide despite Beijing assurance on mortgage protests\n• Sri Lanka’s parliament speaker accepts Rajapaksa’s resignation\n• Indonesia trade surplus beats forecast after palm oil exports resumption\n• Sri Lanka parliament speaker accepts Rajapaksa’s resignation\n• Ukraine denounces deadly missile strike as war overshadows G20 meeting\n• Uniqlo owner’s shares reach 2022 high on profit forecast, yen', 'Key Insights: Bitcoin (BTC) rose by 1.71% on Thursday to consolidate the Wednesday 4.77% rally. The breakout session came despite an acceleration in US wholesale inflationary pressure that left the NASDAQ 100 flat for the session. The Bitcoin Fear & Greed Index fell from 18/100 to 15/100, with investors now looking ahead to US retail sales figures due today. On Thursday, bitcoin ( BTC ) rose by 1.71%. Following a 4.77% rally on Wednesday, BTC ended the day at $20,577. A mixed session saw BTC slide to a low of $19,620 in response to US wholesale inflation and weekly jobless claims numbers before making a move. Steering clear of the First Major Support Level at $19,342, BTC struck a high of $20,870. BTC broke through the First Major Resistance Level at $20,698 before easing back. Fed Governor Christopher Waller delivered the much-needed support by supporting a 75-basis point rate hike. While tracking the NASDAQ 100, BTC outperformed, with the US equity markets grappling with corporate earnings. On Wednesday, the NASDAQ 100 rose by 0.03%. BTC-NASDAQ 150722 5 Minute Chart At the time of writing, the NASDAQ 100 Mini was up 61.5 points. Bitcoin Fear & Greed Index Slipped ahead of US Retail Sales Data This morning, the Fear & Greed Index slipped from 18/100 to 15/100, reversing the Thursday increase. The downside came despite bitcoin finding support, with uncertainty ahead of the US retail sales figures weighing. Fear & Greed 150722 A likely shift in the regulatory landscape, the threat of a US recession, and uncertainty over Fed monetary policy also continue to test investor sentim Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-07-15 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $392,988,077,050 - Hash Rate: 205785475.4688916 - Transaction Count: 269269.0 - Unique Addresses: 661194.0 Social & AI Sentiment: - Fear & Greed Index: 0.15 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: UFC ’s announcement that it will host its first event in France on Sept. 3 at the Accor Arena in Paris follows a decade-long push to enter France, where MMA was illegal until two years ago. It also underscores the organization’s drive to become a global brand with local ties. The move will allow the approximately 4 million French fans to watch French broadcasts—instead of foreign imports—and celebrate French fighters, such as top heavyweight contender Ciryl Gane. UFC’s entry into France was “complicated,” senior executive vice president and chief operating officer Lawrence Epstein told Sportico in a phone interview, before adding that his league was “determined” to make it happen. More from Sportico.com $3.2 Billion Las Vegas Project Is OVG's Latest Live Entertainment Bet UFC to Pay Fighters Bitcoin Bonuses in Expanded Crypto.com Deal Jake Paul's UFC 'Social-Impact' Campaign Looking Like a Win-Win The complexity reflected the structure of organized sports in France, where there is a cabinet-level minister of sports who has substantial authority over which sports are legal and how they’re managed. That arrangement contrasts with the U.S., where leagues are largely autonomous private ventures and states and municipalities regulate sports on health and safety grounds. A major hurdle for UFC was a 2016 decree by Thierry Braillard, France’s then-minister of sports. The decree prohibited MMA on account of “human dignity” objections, including the use of fenced arenas, which were analogized to cages. For many years, MMA insiders viewed the ministry as closely tied to the Judo Federation, a potential economic rival to an MMA league. France also uses what has been described as a “bottom-up” model to sports. Under it, a sport typically takes on professional features only after substantial development at the amateur level under the watchful eye of an amateur federation. UFC bouts therefore couldn’t be held in France when MMA itself was unstructured. Story continues Epstein, a seasoned attorney who has been UFC’s point person on legal and legislative ventures, and other UFC officials visited France during the 2010s to present on MMA, explain UFC’s strategic goals and, as Epstein says, show French officials they were dealing with “good people.” To that end, UFC officials explained that organizing MMA at the amateur level would lead to sensible safety rules, properly certified instructors and opportunities for athletes of all ages. Epstein also emphasizes that UFC athletes, including those with ties to France, played pivotal roles “in showing that this is a respected sport.” The advocacy worked and the ministry of sports legalized MMA. UFC is now collaborating with the French Boxing Federation and the French Mixed Martial Arts Federation to organically develop MMA. Despite its relatively new status in France, UFC estimates there are about 4 million fans there. That number partly reflects opportunities for French citizens to watch UFC on TV. While French broadcasters were prohibited from showing MMA fights, UFC fights were broadcast into France by stations located outside the country. “There’s a strong affinity,” Epstein says, for single discipline martial arts—a term that includes MMA, judo, boxing and similar sports. French boxing officials, Epstein explained, “didn’t view this as a zero-sum game.” Evidence, he says, shows that when one single discipline in martial arts thrives, other ones gain fan interest. That interest should grow now that the French Broadcast Authority has permitted the broadcasting of MMA events in France. France’s National Gaming Authority, meanwhile, recently greenlighted betting operators in France to offer wagers on UFC bouts. International markets are a major part of UFC’s growth strategy. The fighting series has invested tens of millions in China, for example, where it has a new performance institute and a partnership with the Chinese Olympics team. Brazil is another overseas market where martial arts, and MMA specifically, are extremely popular New markets like France are easiest to crack with a homegrown star, and UFC already has that in France. Gane, 32, made his UFC debut in 2019 and has become one of the heavyweight division’s top stars. He lost a title fight against Francis Ngannou earlier this year but remains the division’s top-ranked challenger. Epstein says UFC hasn’t lost an effort to bring the sport to any market. While it took time in France, just like it took years for New York to become the 50th state to legalize MMA, “ultimately,” he says, “we’ve succeeded.” Epstein is confident UFC will become a truly global brand that values local markets. “Our athletes,” he notes, “are from all over the world.” Epstein also stresses that “we have never allowed others to own our productions.” When UFC broadcasts in Brazil, a fan “sees the UFC” rather than an American TV network, “on mic sleeves and other properties.” The Brazilian fan also hears familiar TV announcers and analysts, rather than U.S. announcers. Rather than attempting to import what might be seen as an American sports league into foreign markets, UFC tries to blend into the country’s sports ecosystem. UFC’s high cash flow has been a financial boon to parent company Endeavor (NYSE: EDR), which went public in April 2021, in the middle of the COVID-19 pandemic, amid canceled sporting events, concerts and film shoots. UFC was one of the first major U.S. sports to resume operations in 2020. Epstein says the league was “thoughtfully aggressive” in resuming play, with strict protocols for athletes, staff and third-party contractors that involved more than 12,000 COVID-19 tests and a positive rate “well below 1%.” Endeavor was originally part of the group that purchased UFC in 2016 for $4 billion dollars; last year it said it was raising $1.75 billion to buy the 49.9% of the UFC that it didn’t already own. Best of Sportico.com Name, Image and Likeness: a Guide on College Athlete Compensation Click here to read the full article.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['• On Friday, the crypto top ten extended the winning streak to three sessions, with Ethereum (ETH) leading the way for a second session.\n• Better than expected US retail sales figures and talk of a 75-basis point rate hike supported riskier assets, with the NASDAQ 100 delivering the broader crypto market direction.\n• The total crypto market cap rose by $11.5 billion.\nIt was a bullish Friday session for thecryptotop ten. Bitcoin (BTC) rose for a third consecutive day, withETHcontinuing its move toward $1,500.\nThe markets moved away from the recent US inflation figures and focused on the US economy on Friday.\nRetail sales figures for June beat expectations but were not hot enough to fuel fear of a 100-basis point hike later this month.\nMonth-on-month, retail sales increased by 1.0% versus a forecasted 0.8%. Core retail sales also increased by 1.0% versus a forecasted 0.6%.\nFOMC member chatter also drew attention, with members Bostic and Bullard easing fears of a 100-basis point move.\nAccording toReuters, James Bullard spoke of indifference on “whether the Fed approves a 0.75 percentage-point rate increase this month, as policymakers have flagged, or boosts that to a full percentage point.”\nAtlanta Fed President Raphael Bostic reportedly delivered a more tempered view, cautioning against any dramatic moves that may impact hiring and other positive trends still evident in the economy.\nThe crypto news wires had a muted impact on the broader market, with the NASDAQ 100 guiding the crypto market. On Friday, the NASDAQ 100 rose by 1.79%.\nA bearish start to the Friday session saw the crypto market cap fall to a day low of $896 billion before finding support. Investor reaction to the US retail sales figures and Fed chatter led to a high of $932 billion before easing back.\nDespite a late pullback, investors poured $11.5 billion back into the market to take the crypto market cap up $47 billion for July.\nETHrallied by 3.22% to lead the way, withBTCrising by 1.21%.\nADA(+0.23%),BNB(+0.04%),DOGE(+0.79%),SOL(+0.65%), andXRP(+0.12%) trailed the front runners.\nFrom theCoinMarketCaptop 100, TerraClassicUSD (USTC) and Lido DAO (LDO) led the way, surging by 37% and 23%, respectively.\nProgress towards the ETH Merge remained the key driver for LDO. According toDune Analytics, staking Ether was on the rise.\nSeveral coins bucked the broader market trend, however. Synthetix (SNX), Nexo (NEXO), and Curve DAO Token (CRV) led the way down. NEXO slid by 6.6%, with SNX and CRV falling by 5.8% and 5.1%, respectively.\nOn Friday, 24-hour liquidations eased further back as the crypto market responded to US economic indicators and Fed chatter.\nThis morning, 24-hour liquidations stood at $144 million, down from $180 million on Friday.\nLiquidated traders over the last 24 hours declined to reflect improving market conditions. At the time of writing, liquidated traders stood at 47,290 versus 51,568 on Friday morning.\nSignificantly, one-hour liquidations fell to sub-$1 million going into the weekend session.\nAccording toCoinglass, one-hour liquidations stood at $0.924 million, down from $2.41 million on Friday and $7.12 million on Thursday.\n• SECmulledwaiving some crypto regulations.\n• Fed Surveyshowedcrypto products and services and blockchain tech low priority for bank growth and development strategies for two-thirds of respondents.\nThisarticlewas originally posted on FX Empire\n• Biden confronts Saudi crown prince over Khashoggi murder, expects action on energy\n• XRP Price Prediction: A Return to $0.3450 to Test Sellers at $0.36\n• Peru Congress votes to host OAS summit after outrage over gender neutral bathrooms\n• Judge nixes arrest warrant for Republican county clerk after bond breach\n• Australia reinstates COVID quarantine pay amid fresh Omicron wave\n• Warning sirens sound in Ukraine’s capital as Russia steps up bombardment', '• On Friday, the crypto top ten extended the winning streak to three sessions, with Ethereum (ETH) leading the way for a second session.\n• Better than expected US retail sales figures and talk of a 75-basis point rate hike supported riskier assets, with the NASDAQ 100 delivering the broader crypto market direction.\n• The total crypto market cap rose by $11.5 billion.\nIt was a bullish Friday session for thecryptotop ten. Bitcoin (BTC) rose for a third consecutive day, withETHcontinuing its move toward $1,500.\nThe markets moved away from the recent US inflation figures and focused on the US economy on Friday.\nRetail sales figures for June beat expectations but were not hot enough to fuel fear of a 100-basis point hike later this month.\nMonth-on-month, retail sales increased by 1.0% versus a forecasted 0.8%. Core retail sales also increased by 1.0% versus a forecasted 0.6%.\nFOMC member chatter also drew attention, with members Bostic and Bullard easing fears of a 100-basis point move.\nAccording toReuters, James Bullard spoke of indifference on “whether the Fed approves a 0.75 percentage-point rate increase this month, as policymakers have flagged, or boosts that to a full percentage point.”\nAtlanta Fed President Raphael Bostic reportedly delivered a more tempered view, cautioning against any dramatic moves that may impact hiring and other positive trends still evident in the economy.\nThe crypto news wires had a muted impact on the broader market, with the NASDAQ 100 guiding the crypto market. On Friday, the NASDAQ 100 rose by 1.79%.\nA bearish start to the Friday session saw the crypto market cap fall to a day low of $896 billion before finding support. Investor reaction to the US retail sales figures and Fed chatter led to a high of $932 billion before easing back.\nDespite a late pullback, investors poured $11.5 billion back into the market to take the crypto market cap up $47 billion for July.\nETHrallied by 3.22% to lead the way, withBTCrising by 1.21%.\nADA(+0.23%),BNB(+0.04%),DOGE(+0.79%),SOL(+0.65%), andXRP(+0.12%) trailed the front runners.\nFrom theCoinMarketCaptop 100, TerraClassicUSD (USTC) and Lido DAO (LDO) led the way, surging by 37% and 23%, respectively.\nProgress towards the ETH Merge remained the key driver for LDO. According toDune Analytics, staking Ether was on the rise.\nSeveral coins bucked the broader market trend, however. Synthetix (SNX), Nexo (NEXO), and Curve DAO Token (CRV) led the way down. NEXO slid by 6.6%, with SNX and CRV falling by 5.8% and 5.1%, respectively.\nOn Friday, 24-hour liquidations eased further back as the crypto market responded to US economic indicators and Fed chatter.\nThis morning, 24-hour liquidations stood at $144 million, down from $180 million on Friday.\nLiquidated traders over the last 24 hours declined to reflect improving market conditions. At the time of writing, liquidated traders stood at 47,290 versus 51,568 on Friday morning.\nSignificantly, one-hour liquidations fell to sub-$1 million going into the weekend session.\nAccording toCoinglass, one-hour liquidations stood at $0.924 million, down from $2.41 million on Friday and $7.12 million on Thursday.\n• SECmulledwaiving some crypto regulations.\n• Fed Surveyshowedcrypto products and services and blockchain tech low priority for bank growth and development strategies for two-thirds of respondents.\nThisarticlewas originally posted on FX Empire\n• Biden confronts Saudi crown prince over Khashoggi murder, expects action on energy\n• XRP Price Prediction: A Return to $0.3450 to Test Sellers at $0.36\n• Peru Congress votes to host OAS summit after outrage over gender neutral bathrooms\n• Judge nixes arrest warrant for Republican county clerk after bond breach\n• Australia reinstates COVID quarantine pay amid fresh Omicron wave\n• Warning sirens sound in Ukraine’s capital as Russia steps up bombardment', 'Key Insights: On Friday, the crypto top ten extended the winning streak to three sessions, with Ethereum (ETH) leading the way for a second session. Better than expected US retail sales figures and talk of a 75-basis point rate hike supported riskier assets, with the NASDAQ 100 delivering the broader crypto market direction. The total crypto market cap rose by $11.5 billion. It was a bullish Friday session for the crypto top ten. Bitcoin ( BTC ) rose for a third consecutive day, with ETH continuing its move toward $1,500. The markets moved away from the recent US inflation figures and focused on the US economy on Friday. Retail sales figures for June beat expectations but were not hot enough to fuel fear of a 100-basis point hike later this month. Month-on-month, retail sales increased by 1.0% versus a forecasted 0.8%. Core retail sales also increased by 1.0% versus a forecasted 0.6%. FOMC member chatter also drew attention, with members Bostic and Bullard easing fears of a 100-basis point move. According to Reuters , James Bullard spoke of indifference on “whether the Fed approves a 0.75 percentage-point rate increase this month, as policymakers have flagged, or boosts that to a full percentage point.” Atlanta Fed President Raphael Bostic reportedly delivered a more tempered view, cautioning against any dramatic moves that may impact hiring and other positive trends still evident in the economy. The crypto news wires had a muted impact on the broader market, with the NASDAQ 100 guiding the crypto market. On Friday, the NASDAQ 100 rose by 1.79%. The Total Crypto Market Cap Rises for a Third Consecutive Session A bearish start to the Friday session saw the crypto market cap fall to a day low of $896 billion before finding support. Investor reaction to the US retail sales figures and Fed chatter led to a high of $932 billion before easing back. Despite a late pullback, investors poured $11.5 billion back into the market to take the crypto market cap up $47 billion for July. Story continues Total Market Cap 160722 Daily Chart The Crypto Market Movers and Shakers from the Top Ten and Beyond ETH rallied by 3.22% to lead the way, with BTC rising by 1.21%. ADA (+0.23%), BNB (+0.04%) Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-07-16 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $397,506,860,100 - Hash Rate: 214480636.4041969 - Transaction Count: 226638.0 - Unique Addresses: 577967.0 Social & AI Sentiment: - Fear & Greed Index: 0.21 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: It’s been more than a week since GameStop (NYSE: GME ) reported its first-quarter 2022 results. Investors seemed to like the report. GME stock gained 10% in June 2 trading, only to give that up in the last two days. However, before you jump on the computer or mobile phone and buy some shares of the Ryan Cohen-backed video game retailer, you might want to consider the good, the bad and the ugly of GameStop’s quarterly results. Despite the top-line growth, it wasn’t all roses. Not even close. Baird analyst Colin Sebastian has dropped his rating and target price for the stock until management better articulates its business strategy. Until then, the analyst believes it’s impossible to value the company’s shares accurately. InvestorPlace - Stock Market News, Stock Advice & Trading Tips 7 of the Hottest ETFs to Buy Right Now Film fans may be wondering if Cohen is Clint Eastwood in this version; Is Sebastian a stand-in for Eli Wallach? Time will tell. But for now, investors can only evaluate GameStop through its latest quarterly report, which had a little of everything in it. I’m with Sebastian. Until investors get a clear picture of GameStop’s business strategy , GME stock is uninvestable. Ticker Company Current Price GME GameStop Corp. $128.98 The Good: GME Stock Jumped on Higher Sales There is no question that investors focused on GameStop’s Q1 2022 revenue of $1.38 billion, $40 million better than analyst expectations, and a 7.9% increase over Q1 2021. The growth in the quarter was led by a 21.6% increase in software sales and a 25.9% jump in collectibles revenue, offset by a 4.2% decline in hardware and accessories sales, its largest chunk of business, accounting for 49% of its overall sales. Also good is the fact that all four regions experienced year-over-year growth in the period: U.S. sales were up 3%, Canada saw a 24% increase, Australia grew 10%, while European sales jumped 34% in the quarter. Story continues The top-line growth was decent, if not spectacular, in Q1 2022. The Bad: Gross Profit Margins Shrinking Cue the Ennio Morricone soundtrack: In the first quarter, GameStop’s gross profit margin was 21.7% , a 420-basis-point decline in profitability on the sale of its products. At the same time, in its efforts to become “a customer-obsessed technology company to delight gamers,” its selling, general, and administrative expenses increased 22.1% YOY to $452.2 million, or 32.8% of sales, 380 basis points higher than Q1 2021. While some of the decrease was due to increased freight costs, which will eventually dissipate, the shift to higher-dollar lower margin categories during the quarter could be something that permanently sticks around. As a result of the lower YOY margins, it has to generate almost $75 in additional revenue to get the same $100 in gross profits. Over the long haul, that will act as a significant headwind. The Ugly: Losses Are Growing By the Day At a time when most tech stocks are getting slaughtered if they don’t make money, GameStop, the wannabe-tech stock, is getting a pass from investors despite the fact it lost $157.9 million in the first quarter on an adjusted basis, more than 5x its loss a year ago. If you annualize this loss, GameStop will lose $632 million in fiscal 2022. However, the fourth quarter is traditionally its strongest, with sales approximately 65% higher than its three other quarters in a given fiscal year. Therefore, it’s possible that GameStop could lose close to $1 billion in 2022. While it finished the first quarter with $1.04 billion in cash, if you include its operating leases, net cash is only $418 million [$1.04 billion cash less $6.5 million for the current portion of long-term debt + $35.7 million long-term debt + $200.3 million for the current portion of operating lease liabilities + $374.5 million for operating lease liabilities]. If these losses persist, it will have to sell more equity or debt to replenish its cash position at a time when doing either is going to be a lot more difficult. Trading at 1.64x sales , more than double its five-year average, GameStop’s lack of a visible business strategy combined with a balance sheet that’s likely to erode over the remaining three quarters of fiscal 2022, the latest 7.9% increase in YOY sales isn’t enough to justify its lofty valuation. Watch the movie. Don’t bother with this investment. GME stock should not be on your buy list. On the date of publication, Will Ashworth did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines . More From InvestorPlace Stock Prodigy Who Found NIO at $2… Says Buy THIS It doesn’t matter if you have $500 in savings or $5 million. Do this now. Get in Now on Tiny $3 ‘Forever Battery’ Stock Early Bitcoin Millionaire Reveals His Next Big Crypto Trade “On Air” The post The Good, the Bad and the Ugly: GameStopâ€™s Q1 2022 Earnings appeared first on InvestorPlace .... - Reddit Posts (Sample): [['u/Lincolns_Revenge', 'Minimum BTC withdrawal is now .001 instead of .0005 ? When did this happen?', 61, '2022-07-16 02:27', 'https://www.reddit.com/r/NiceHash/comments/w03g16/minimum_btc_withdrawal_is_now_001_instead_of_0005/', "Went to withdraw my .0005 BTC to Coinbase today like I've done a hundred times before, but now it's telling me the minimum withdrawal is double that amount at .001 BTC.\n\nAnyone else ever received this message?\n\nI feel like this must be some kind of error because I can find absolutely no one talking about it on this sub.", 'https://www.reddit.com/r/NiceHash/comments/w03g16/minimum_btc_withdrawal_is_now_001_instead_of_0005/', 'w03g16', [['u/Lincolns_Revenge', 13, '2022-07-16 03:20', 'https://www.reddit.com/r/NiceHash/comments/w03g16/minimum_btc_withdrawal_is_now_001_instead_of_0005/igc89dv/', 'Not for me. I did a .0005 withdrawal several days ago.', 'w03g16'], ['u/knowledge1010', 23, '2022-07-16 04:06', 'https://www.reddit.com/r/NiceHash/comments/w03g16/minimum_btc_withdrawal_is_now_001_instead_of_0005/igcduaq/', "It used to be like this last year. 0.0005 was introduced but I guess they're being more conservative again and going with 0.001 now...wish they at least told us...", 'w03g16'], ['u/wrewing73', 13, '2022-07-16 04:11', 'https://www.reddit.com/r/NiceHash/comments/w03g16/minimum_btc_withdrawal_is_now_001_instead_of_0005/igcedkr/', 'Same…just withdrew the other day…now it’s double.', 'w03g16'], ['u/Brennan_Schwartz', 17, '2022-07-16 04:40', 'https://www.reddit.com/r/NiceHash/comments/w03g16/minimum_btc_withdrawal_is_now_001_instead_of_0005/igchu80/', 'Weird, even their website says 0.0005. The 0.001 is supposedly only for the Payeer network.', 'w03g16'], ['u/Lincolns_Revenge', 29, '2022-07-16 04:41', 'https://www.reddit.com/r/NiceHash/comments/w03g16/minimum_btc_withdrawal_is_now_001_instead_of_0005/igchxnx/', "Yeah, I remember them doing .001 last year, but they didn't do it for long, did they?\n\nWith the end of ETH mining coming in a couple of months, I think they're setting it up so as many users as possible leave a greater dead balance that they never end up withdrawing to an outside wallet.\n\nAt least, that's the way I would do it if I was a scumbag corpo type.", 'w03g16'], ['u/ragon2727', 14, '2022-07-16 07:01', 'https://www.reddit.com/r/NiceHash/comments/w03g16/minimum_btc_withdrawal_is_now_001_instead_of_0005/igcxa7g/', "I literally checked the sub a few times today wondering the same thing. I withdrew. 0005 yesterday, but can't today. I mean it's not world ending, but still... A heads up would have been nice.", 'w03g16'], ['u/Jesso2k', 15, '2022-07-16 12:41', 'https://www.reddit.com/r/NiceHash/comments/w03g16/minimum_btc_withdrawal_is_now_001_instead_of_0005/igdoo7x/', "Rug pullish. Worst case scenario is everything goes unprofitable mid-September for a wild period. A lot of people will leave their accounts behind if there's just less than $10 sitting there.", 'w03g16'], ['u/IsaacWatts88', 11, '2022-07-16 15:38', 'https://www.reddit.com/r/NiceHash/comments/w03g16/minimum_btc_withdrawal_is_now_001_instead_of_0005/ige69jr/', "You'd still be able to switch to the regular miner (not quick) and mine a different coin to pass the minimum threshold.", 'w03g16']]], ['u/ItchyRichard', 'ILPT Request: Best way to receive “large” sums of money without the IRS knowing?', 14, '2022-07-16 02:34', 'https://www.reddit.com/r/IllegalLifeProTips/comments/w03l8k/ilpt_request_best_way_to_receive_large_sums_of/', 'Doing a freelance job where my income won’t be reported by payer. \n\nHigh 5 figures over the course of 3 months paid every 2 weeks. \n\nMy only options are electronic, Zelle, PayPal, Venmo, etc. \n\nAnd no, I’m not doing Bitcoin as any wallet that would allow me to use the funds (any wallet I’d feel comfortable using) reports to IRS automatically such as Robinhood and Coinbase.', 'https://www.reddit.com/r/IllegalLifeProTips/comments/w03l8k/ilpt_request_best_way_to_receive_large_sums_of/', 'w03l8k', [['u/Sushi_Roll_Monster', 16, '2022-07-16 03:36', 'https://www.reddit.com/r/IllegalLifeProTips/comments/w03l8k/ilpt_request_best_way_to_receive_large_sums_of/igca5nz/', 'Ask your local lawyer to help you buy a nail salon or car wash to launder money with', 'w03l8k'], ['u/amxorca', 16, '2022-07-16 06:45', 'https://www.reddit.com/r/IllegalLifeProTips/comments/w03l8k/ilpt_request_best_way_to_receive_large_sums_of/igcvmuo/', 'Cash is king', 'w03l8k'], ['u/Forward_Cranberry_82', 14, '2022-07-16 18:37', 'https://www.reddit.com/r/IllegalLifeProTips/comments/w03l8k/ilpt_request_best_way_to_receive_large_sums_of/igeubjv/', "Look at the sub you're commenting in, f off", 'w03l8k'], ['u/Forward_Cranberry_82', 12, '2022-07-16 20:31', 'https://www.reddit.com/r/IllegalLifeProTips/comments/w03l8k/ilpt_request_best_way_to_receive_large_sums_of/igfacr6/', "They aren't saying they are a master at it, in fact that's the point, it's a request for TIPS. Tf is wrong with you?", 'w03l8k']]], ['u/sinderings', 'Buying Bitcoin', 40, '2022-07-16 02:45', 'https://www.reddit.com/r/BitcoinBeginners/comments/w03szj/buying_bitcoin/', 'Okay so, I am 16 and having a hard time trying to purchase bitcoin. It’s very frustrating because I’ve literally went to like 12 different websites and they all ask for an ID. As expected, I’m not qualified to buy bitcoin. Even PayPal wouldn’t let me purchase anything. I guess I have to be at least 18 to purchase bitcoin. This is getting so annoying. Does anybody know any website that doesn’t have a verification part?', 'https://www.reddit.com/r/BitcoinBeginners/comments/w03szj/buying_bitcoin/', 'w03szj', [['u/bitusher', 24, '2022-07-16 02:58', 'https://www.reddit.com/r/BitcoinBeginners/comments/w03szj/buying_bitcoin/igc5lbt/', "Best option is to speak with a parent and let them help you. Its wise to tell them that you want to start saving for college or a future business and want to invest in stocks(index fund), Bitcoin , and a fiat savings in preparation. Most parents will have no problem helping you and even be proud when you invest this way.\n\nmany ATMs don't require ID and just sms verification - coinatmradar.com\nYou can easily use a free online sms service\n\nOther options are any way that doesn't require verification like this list -\n\nhttps://github.com/cointastical/P2P-Trading-Exchanges\n\nBe prepared to pay at least a 5% premium buying this way", 'w03szj']]], ['u/GSPandas', 'Unpopular Opinion: Chapter 7 might be better than Chapter 11.', 28, '2022-07-16 04:43', 'https://www.reddit.com/r/CelsiusNetwork/comments/w062z3/unpopular_opinion_chapter_7_might_be_better_than/', 'Currently, there seems to be several issues with Chapter 11, most notably:\n\n1. Time value of money (Opportunity Costs).\n\nA: As most of you are aware, I’ve always mentioned the importance of opportunity costs and how you might be losing more in the long run. An example of this is if you were to be paid in USD at today’s BTC price at a haircut of 50%, timing of when you’ll be able to access the USD matters.\n\nWorst case scenario it takes 5 or more years to finish Chapter 11, if your portfolio has 2 BTC, you are to be paid 1 BTC at today’s price in USD ($20k). 5 years from now, 1 BTC would be worth $150k but you’ll only be getting $20k USD. $20k USD today could also be used to invest in index funds, snp500, btc, etc and in 5 years time, it’ll be worth a lot more vs just getting a flat $20k in 5 years. This is Opportunity Cost.\n\n2. There’s still a haircut.\n\nA: The whole push for Chapter 11 was to make Depositor whole or close to whole as proposed by Simon Dixon #DepositorsFirst. After seeing the balance sheet, he and the community stated haircuts are to be expected at this point as we’re looking close to a $2B hole excluding CEL Token.\n\n3. Operational costs and Litigation costs at the expense of our deposit with no revenue stream aside from mining.\n\nA: What makes chapter 11 more lengthy than chapter 7 is the constant back and forth between proposals, the courts and the creditors (us). The longer this takes (years), the less we get back as Celsius does not have anymore revenue steams aside from mining. \n\n\nPros of Chapter 7:\n\n1. Instant liquidation, might even crash the market.\n\nA: The title does have a negative connotation, but if instant liquidation does crash the market, your current portfolio in Celsius will be worth alot less hence making it easier for you to buy back your position assuming they’re not stablecoins.\n\nInstant liquidation also speeds up the bankruptcy process. No proposals, no back and forth, just liquidate and we get a % of our portfolio back. Could take just a few months as compared to years with Chapter 11. \n\n2. Faster return but with a bit more haircut.\n\nA: Opportunity costs. Even if the haircut is less in Chapter 11, but because it took so long for you to get paid, you’re actually losing out more.', 'https://www.reddit.com/r/CelsiusNetwork/comments/w062z3/unpopular_opinion_chapter_7_might_be_better_than/', 'w062z3', [['u/aceofangel', 20, '2022-07-16 04:49', 'https://www.reddit.com/r/CelsiusNetwork/comments/w062z3/unpopular_opinion_chapter_7_might_be_better_than/igciy1x/', "Chapter 7 isn't going to be quick, look at Cred bankruptcy. \n\nChapter 11 reorganization is nearly always going to be the fastest. Whether a reorganization will result in a viable company is a different question.", 'w062z3'], ['u/Expensive-Web-5107', 21, '2022-07-16 05:04', 'https://www.reddit.com/r/CelsiusNetwork/comments/w062z3/unpopular_opinion_chapter_7_might_be_better_than/igckp2s/', 'This is incorrect. Cred filed chapter 11. The docket is available here: https://www.donlinrecano.com/Clients/cred/Dockets\n\nThe order confirming its chapter 11 plan is docket entry 629.\n\nChapter 7 is much faster and simpler. A chapter 7 trustee is automatically appointed shortly after the case is filed. The trustee liquidates the debtor\'s assets and disburses the proceeds. There is no need to negot... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['• On Saturday, the crypto top ten extended the winning streak to four sessions, with Ethereum (ETH) leading the way for a third session.\n• News updates on the Merge delivered ETH with a breakout session, while market hopes of a 75 basis point Fed rate hike continued to drive investor appetite.\n• The total crypto market cap rose by $31.5 billion.\nIt was a bullish Saturday session for thecryptotop ten. Bitcoin (BTC) rose for a fourth consecutive day, withETHtouching $1,400 for the first time since June 13.\nThere were no speeches from FOMC members to provide direction, with members entering the blackout period, which extends from July 16 to July 28.\nFrom Friday, the talk of a 75-basis point continued to resonate, delivering the upside on the day. FOMC members Bostic and Bullard spoke of a 75-basis point hike this month, easing fears of a 100-basis point hike.\nWith the US equity markets entering the earnings season, the crypto market will be looking to decouple from the NASDAQ 100. However, sentiment toward Fed monetary policy and the economic outlook will likely leave the two interlinked.\nA bearish start to the Saturday session saw the crypto market cap fall to a day low of $897 billion before finding support. A breakout session, supported by further investor reaction to the US retail sales figures and Fed chatter led to a high of $965 billion before easing back.\nDespite a late pullback, investors poured $31.5 billion back into the market to take the crypto market cap up $80 billion for July.\nETHrallied by 10.12% to lead the way, withBNB(+4.70%),SOL(+5.95%), andXRP(+5.01%) also making solid gains.\nADA(+3.62%),BTC(+ 1.79%), andDOGE(+2.34%) trailed the front runners.\nFrom theCoinMarketCaptop 100, Lido DAO (LDO) led the way, surging by 22%, supported by the ETH breakout.\nProgress towards the ETH Merge remained the key driver for LDO, with Ether staking on the rise.\nSeveral coins bucked the broader market trend, however. Convex Finance (CVX) and TerraClassicUSD (USTC) fell by 3.90% and by 3.60%, respectively, with Quant (QNT) seeing a 1.55% loss.\nOn Sunday, 24-hour liquidations jumped at the turn of the day, despite a bullish start to the Sunday session.\nThis morning, 24-hour liquidations stood at $372.31 million, up from $144 million on Saturday.\nLiquidated traders surged over the last 24 hours, suggesting a possible deterioration in market conditions. At the time of writing, liquidated traders stood at 63,031 versus 47,290 on Saturday morning.\nSignificantly, 12-hour liquidations surged to $344 million, driving four-hour and one-hour liquidations northwards.\nAccording toCoinglass, one-hour liquidations stood at $31.6 million, up from $0.924 million on Saturday.\n• Rumorsof Coinbase having liquidity issues hit the news wires, withCoinbasereportedly ceasing its affiliate program.\n• Ethereum continued its breakout session, supported by the talk of a September Merge date.\nThisarticlewas originally posted on FX Empire\n• Boeing cuts 20-year industrywide outlook for planes\n• Judge blocks Biden admin directives on transgender athletes, bathrooms\n• Privately issued digital currencies likely better – Australia central bank chief\n• British prime minister contenders set to clash in second TV debate\n• Analysis-Pacific bloc, united, demands climate action as China, U.S. woo\n• Bitcoin (BTC) Fear & Greed Index on the Border of the “Fear” Zone', 'Key Insights: On Saturday, the crypto top ten extended the winning streak to four sessions, with Ethereum (ETH) leading the way for a third session. News updates on the Merge delivered ETH with a breakout session, while market hopes of a 75 basis point Fed rate hike continued to drive investor appetite. The total crypto market cap rose by $31.5 billion. It was a bullish Saturday session for the crypto top ten. Bitcoin ( BTC ) rose for a fourth consecutive day, with ETH touching $1,400 for the first time since June 13. There were no speeches from FOMC members to provide direction, with members entering the blackout period, which extends from July 16 to July 28. From Friday, the talk of a 75-basis point continued to resonate, delivering the upside on the day. FOMC members Bostic and Bullard spoke of a 75-basis point hike this month, easing fears of a 100-basis point hike. With the US equity markets entering the earnings season, the crypto market will be looking to decouple from the NASDAQ 100. However, sentiment toward Fed monetary policy and the economic outlook will likely leave the two interlinked. Crypto – NASDAQ – 170722 Daily Chart The Total Crypto Market Cap Rises for a Fourth Consecutive Session A bearish start to the Saturday session saw the crypto market cap fall to a day low of $897 billion before finding support. A breakout session, supported by further investor reaction to the US retail sales figures and Fed chatter led to a high of $965 billion before easing back. Despite a late pullback, investors poured $31.5 billion back into the market to take the crypto market cap up $80 billion for July. Total Market Cap 170722 Daily Chart The Crypto Market Movers and Shakers from the Top Ten and Beyond ETH rallied by 10.12% to lead the way, with BNB (+4.70%), SOL (+5.95%), and XRP (+5.01%) also making solid gains. ADA (+3.62%), BTC (+ 1.79%), and DOGE (+2.34%) trailed the front runners. From the CoinMarketCap top 100, Lido DAO ( LDO ) led the way, surging by 22%, supported by the ETH breakout. Progress towards the ETH Merge remained the key driver for LDO, with Ether staking on the rise. Story continues Several coins bucked the broader market trend, however. Convex Finance ( CVX ) and TerraClassicUSD ( USTC ) fell by 3.90% and by 3.60%, respectively, with Quant ( QNT ) seeing a 1.55% loss. Total Crypto Liquidations Spike Despite Bullish Sentiment On Sunday, 24-hour liquidations jumped at the turn of the day, despite a bullish start to the Sunday session. This morning, 24-hour liquidations stood at $372.31 million, up from $144 million on Saturday. Liquidated traders surged over the last 24 hours, suggesting a possible deterioration in market conditions. At the time of writing, liquidated traders stood at 63,031 versus 47,290 on Saturday morning. Significantly, 12-hour liquidations surged to $344 million, driving four-hour and one-hour liquidations northwards. According to Coinglass , one-hour liquidations stood at $31.6 million, up from $0.924 million on Saturday. Total Crypto Liquidations 170722 Daily News Highlights Rumors of Coinbase having liquidity issues hit the news wires, with Coinbase reportedly ceasing its affiliate program. Ethereum continued its breakout session, supported by the talk of a September Merge date. This article was originally posted on FX Empire More From FXEMPIRE: Boeing cuts 20-year industrywide outlook for planes Judge blocks Biden admin directives on transgender athletes, bathrooms Privately issued digital currencies likely better – Australia central bank chief British prime minister contenders set to clash in second TV debate Analysis-Pacific bloc, united, demands climate action as China, U.S. woo Bitcoin (BTC) Fear & Greed Index on the Border of the “Fear” Zone', '• Bitcoin (BTC) rose by 1.79% on Saturday to extend its winning streak to four sessions.\n• Market sentiment towards US retail sales figures and further reaction to FOMC member chatter delivered support.\n• The Bitcoin Fear & Greed Index increased from 21/100 to 24/100, reflecting improving investor sentiment.\nOn Saturday, bitcoin (BTC) rose by 1.79%. Following a 1.21% gain on Friday, BTC ended the day at $21,199. It was a fourth consecutive day in the green, with market sentiment towards Fed monetary policy delivering support.\nA bearish start to the day saw BTC fall to a low of $20,481 before making a move.\nComing within range of the First Major Support Level at $20,405, BTC rallied to a high of $21,575.\nBTC broke through the First Major Resistance Level at $21,215 before falling back to sub-$21,200. Despite the late pullback, BTC held onto the $21,000 handle for the first time since July 9.\nWith the US markets closed, FOMC member chatter from Friday and the upbeat US retail sales figurescontinuedto deliver support.\nToday, the Fear & Greed Index increased from 21/100 to 24/100. Matching the Index level from July 9 and 10, the Index stood at the highest level since May 5 (27/100).\nThe latest move back towards the “Fear” zone, which begins at 25/100, came off the back of a BTC return to $21,000.\nThe bulls will now look for a return to the “Fear” zone to support a BTC run at $25,000.\nAt the time of writing, BTC was up 0.41% to $21,285.\nA choppy start to the day saw BTC fall to an early low of $21,188 before rising to a high of $21,338.\nBTC needs to avoid the $21,086pivotto target the First Major Resistance Level (R1) at $21,689.\nBTC would need a bullish session to support a breakout from the Saturday high of $21,575.\nAn extended rally would test the Second Major Resistance Level (R2) at $22,180 and resistance at $25,000. The Third Major Resistance Level (R3) sits at $23,273.\nA fall through the pivot would bring the First Major Support Level (S1) at $20,595 into play.\nBarring an extended sell-off, the Second Major Support Level (S2) at $19,992 should keep BTC from a fall to sub-$19,500.\nThe Third Major Support Level (S3) sits at $18,897.\nLooking at theEMAsand the 4-hourly candlestick chart (below), it was a bullish signal. This morning, bitcoin sat above the 100-day EMA, currently at $20,644.\nThe 50-day EMA closed in on the 100-day EMA, with the 100-day EMA narrowed to the 200-day EMA; positive BTC indicators.\nA bullish cross of the 50-day EMA through the 100-day EMA would bring $22,000 into play.\nA hold above the 100-day EMA and a breakout from R1 and the 200-day EMA, currently at $21,875, would target R2.\nOn a trend analysis basis, bitcoin would need a move through a May 30 high of $32,503 to target the March 28 high of $48,192. Near-term, resistance Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-07-17 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $404,684,021,400 - Hash Rate: 179699992.6629758 - Transaction Count: 202157.0 - Unique Addresses: 519659.0 Social & AI Sentiment: - Fear & Greed Index: 0.24 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: KB Capital is a unique AI-driven trading pool for Canadians that shares ROI with every investor every single month, based on a one-time investment. EDMONTON, AB / ACCESSWIRE / June 14, 2022 / KB Crypto is pleased to announce its Canadian wing that is exclusively designed for Canadian investors and traders. Titled " KB Capital ", the Canadian unit will be regulated through ASC (Alberta Securities and Commissions) and IIROC (Investment Industry Regulatory Organization of Canada) in the coming months. As of June 2022, the trading pool is bustling with over hundreds of investors onboard and has generated over 61% ROI. KB Capital, Tuesday, June 14, 2022, Press release picture The company holds a $1Million worth insurance policy. KB Capital trades on a wide range of leading trading markets, such as stock, forex, metal, and crypto futures. KB Capital represents a state-of-the-trading pool, powered by the breakthrough AI technology. The platform believes in sharing wealth with investors and aims to offer them minimum 5% ROI every month. The monthly ROI is paid through automated weekly payments every Saturday. As of now, KB Capital boasts over $700k of investments and 2% Churn. KB Capital allows investors to choose from 12 tiers of investments, starting from as low as $200. To invest, Canadian investors and traders will have to make a deposit in Bitcoin. It will be a one-time investment upon which KB Capital will keep on making weekly payouts every week. Per the statements of Devon Edwards, the founder of KB Capital , they have already reached "Broker Level Execution". The company is now able to feature Tier 1 liquidity from prime banks including JP Morgan, Citibank, UBS, Deutsche Bank, XTX, Citadel and Goldman Sachs. All the funds are regulated with regulated brokers strictly. Devon also said that their trading pool offers as many as 12 investment tiers to make investment in hedge funds a reality for aspiring investors from all walks of life- including low and middle income groups. "KB Capital extends a warm welcome to all the investors and traders based in Canada. Our cutting-edge AI-powered trading pool is equipped with our unique proprietary software and proven strategies that allow us to share our wealth with all our investors. We deploy unique trading technologies that cover a bunch of exclusive strategies that are not available with other regular hedge funds", stated Devon adding that their Hedge Fund is uniquely designed to accept deposits and offer payout in crypto every week. Story continues KB Capital stands out with a customized proprietary hook in the blockchain that enables the trading pool to make most accurate payouts to investors and that too with utmost convenience. Speaking on, Devon shared that KB Capital follows HFT aka High Frequency Trading. HFT allows the company to trade the market as many as thousands of times every single day, based on the pool's current strategies. The cutting-edge trading approach enables KB Capital to run trade on the millisecond level that rewards the pool with handy profits even from small micro transactions. These profits bundle up into thousands of dollars in sizable profit every single day. "There are several reasons why we are able to share good profits with our investors every month. One is, we practice HFT that enables us to trade the market around a thousand times one single day. Frequency in trading inevitably pumps up chances of profit. The other chief reason is our state-of-the-art AI technology that allows us to reduce the trading risk." "We also assure complete transparency to guarantee an ethical and safe investment ambience for our traders - all our traders will have easy access to KB Capital's financial records." KB Capital is also providing a referral bonus to every user who refers to the platform to other aspiring investors or traders. For further information, please visit https://kbcapital.ai MEDIA CONTACT Contact Person: Devon Edwards Email: [email protected] SOURCE : KB Capital View source version on accesswire.com: https://www.accesswire.com/705068/KB-Capital-Receives-100-Investors-on-Boards-in-a-Just-a-Year-of-Launch... - Reddit Posts (Sample): [['u/Itchy_Distribution73', 'Fasting. Precious Metals. Guns.', 41, '2022-07-17 00:19', 'https://www.reddit.com/r/preppers/comments/w0rz07/fasting_precious_metals_guns/', "Just my 2 cents. Take it or leave it. \n\nI'm not the best prepper but understand that you can fast for a very, very long time as long as you have electrolytes and water. \n\nStock ELECTROLYTES: potassium, sodium, magnesium...etc. I don't often see this touted in the pepper communities online. They often talk about vitamins but not electrolytes. Electrolyte powder, electrolyte liquid or gels and water should be enough while your body will eat its stores of fat and from what I've read online of American obesity rates, the majority of you have enough stores of fat to last you a season or two.\n\nSilver and gold is definitely needed for the incoming hyperinflation. BTC and USD are going to fail and be worthless.\n\nGuns for self protection. In a lot of poor countries, cops often become gang leaders or criminal warlords. Don't trust cops or military when SHTF unless you're related to them. They will kill you and take your stuff. This is proven throughout history.\n\nThe US is headed for a hyperinflation scenario. Watch https://youtu.be/iFDe5kUUyT0 if you want to learn more Money and why the Federal Reserve is shit.\n\nEvery problem in your life can be partially attributed to the Federal Reserve. Money is so important to every day life. It makes and breaks families, it affects teachers and childcare and road construction, literally everything runs on money and the assholes at the FED make life miserable for the US by stealing from all of us. \n\nNot sure about the rest of the world but it's interesting watching Sri Lanka.", 'https://www.reddit.com/r/preppers/comments/w0rz07/fasting_precious_metals_guns/', 'w0rz07', [['u/TinyDogsRule', 36, '2022-07-17 00:29', 'https://www.reddit.com/r/preppers/comments/w0rz07/fasting_precious_metals_guns/igg6rbk/', "I've recently started fasting and it's pretty eye opening. Initially, I started because I wanted to keep adding muscle but not weight. Seemed like a good idea and it has been successful. I'm bulking up and losing weight.\n\nThe part I did not foresee was the mental part. I am an early riser. I like to be outside working in the morning. I like to do some cardio in the morning. But, my food window does not open until later. It was a challenge to be mentally sharp and ready to tackle my day. It gets easier, but it is still tough some days.\n\nI would recommend every serious prepper gives fasting a shot, even if it's short term. It is great practice if you should have to ration at some point, or worse. Fasting helps build disapline in addition to the other benefits. It makes you enjoy your food more, allows you to eat healthier, and stretches your supplies. My only regret is not doing it sooner.", 'w0rz07'], ['u/Itchy_Distribution73', 10, '2022-07-17 00:57', 'https://www.reddit.com/r/preppers/comments/w0rz07/fasting_precious_metals_guns/iggaa0q/', "Ahh yes, quoting your own words to you and asking you to explain. I'm being legitimate and trying to have a good faith conversation but it seems you are very closed minded. \n\nI feel sorry for your family. You can definitely not be depended on in a bad situation to think clearly.", 'w0rz07'], ['u/darth_faader', 45, '2022-07-17 01:44', 'https://www.reddit.com/r/preppers/comments/w0rz07/fasting_precious_metals_guns/iggg9wg/', "If you're speaking to world wide collapse, those shiny bits of metal won't have any value in a mad max scenario. Can't eat it, drink it, fuck it. So even though it's been in play for the last 5k years, there's been a civilization that placed value on it for currency purposes. Global collapse, that all goes away. \n\nRather than stock pile precious metals, I think putting money into a self sustaining farm is a much wiser investment. Done properly, a farm will produce goods that will definitely have value. Precious metals, who knows. Not everyone is in that position, I get it. But I'd still put it towards self sustaining anything before buying up shiny hunks of tin. Que sera sera.", 'w0rz07'], ['u/Itchy_Distribution73', 12, '2022-07-17 02:01', 'https://www.reddit.com/r/preppers/comments/w0rz07/fasting_precious_metals_guns/iggi9jr/', "I don't think it will reach mad max. I think of the USD collapse like it happened in Korea, Weimar Germany, China, Britain, France...etc. when the reserve currency fails and shtf, life still goes on. Silver and gold are traded in Venezuela often from what I hear. \n\nA Mad Max scenario is unlikely compared to a USD collapse/Depression. \n\nMy family fled from a communist country. Guns, family and silver coins was how we survived. Our farm was useless, we could only survive with what we could carry on a cart. \n\nI unfortunately cannot afford a farm. Silver and gold are much easier for most people and much easier to conceal and another thing to trade besides the usual alcohol and cigs.", 'w0rz07'], ['u/darth_faader', 13, '2022-07-17 03:29', 'https://www.reddit.com/r/preppers/comments/w0rz07/fasting_precious_metals_guns/iggsp05/', ">I also don't know about US dependency. The only thing we have is nukes\n\nLook, if you can't acknowledge how the entire world economy turns because ours does, then you undermine your own credibility. Hence the dependency. And I know how bartering works. The only reason there was a medium for exchange in the past 5k years that supported silver and gold is because there was ALWAYS a stable market where those currencies were honored. Even if your country collapsed, there was another one you could take your shiny trinkets to that would honor them. A global collapse renders that rationale moot.\n\nThe Native Americans didn't give up their gold and silver because of guns in their faces, they gave it up because they place so little value on it, because it has so little value (it is shiny though!). And that's established fact.\n\nYou can triple down if you want, but between those two points, the credibility of any argument you make is questionable at best. I'm open to all scenarios, I'm just not concerned about metals that only have application in an industrialized society. I chimed in because you're speaking on these points with such authority, while your arguments are fundamentally flawed. Finally, 'New Reserve Currency' is awfully optimistic of you, FYI. Given global collapse, your great grandchildren might have use for those metals, and live to see a reserve currency.", 'w0rz07'], ['u/RandomizerAnonName', 13, '2022-07-17 04:36', 'https://www.reddit.com/r/preppers/comments/w0rz07/fasting_precious_metals_guns/igh0k1o/', 'They also ate when they gathered something. Which was more frequently than successful hunts.', 'w0rz07'], ['u/Anguish_Sandwich', 12, '2022-07-17 06:30', 'https://www.reddit.com/r/preppers/comments/w0rz07/fasting_precious_metals_guns/ighctoh/', "It's got what plants CRAVE!", 'w0rz07']]], ['u/rcnet96', "HERE'S MY PLAN: FIRE 90% OF CELSIUS EMPLOYEES...", 89, '2022-07-17 01:54', 'https://www.reddit.com/r/CelsiusNetwork/comments/w0tvl0/heres_my_plan_fire_90_of_celsius_employees/', '- keep a core skeleton 10% to do 2 things, and 2 things ONLY\n\n- wait for the staked ETH to become available to redistribute ( could be later this year...not too long)\n- Bet on Bitcoin mining making up the remaining hole.\n\nThat\'s it. This company should stop having dreams of bouncing back. Celsius has shown they can\'t even make a measly 5% on USDC consistently without blowing up.\n\nSo in summary...\n- low burn rate keeps costs low\n- ETH will be available sooner rather than later\n- Bitcoin mining makes up the rest.\n\nEventually, we get out of this hole. \nONLY AFTER they have proven that they can handle these 2 things should they be allowed to expand into more "products".', 'https://www.reddit.com/r/CelsiusNetwork/comments/w0tvl0/heres_my_plan_fire_90_of_celsius_employees/', 'w0tvl0', [['u/C01n_sh1LL', 12, '2022-07-17 02:43', 'https://www.reddit.com/r/CelsiusNetwork/comments/w0tvl0/heres_my_plan_fire_90_of_celsius_employees/iggn9we/', 'The coins were already stolen, lol.', 'w0tvl0'], ['u/datawarrior123', 85, '2022-07-17 03:13', 'https://www.reddit.com/r/CelsiusNetwork/comments/w0tvl0/heres_my_plan_fire_90_of_celsius_employees/iggqt9p/', 'There is one more thing that needs to happen, liquidate all assets of Alex and distribute that among customers.', 'w0tvl0'], ['u/pwinne', 14, '2022-07-17 03:30', 'https://www.reddit.com/r/CelsiusNetwork/comments/w0tvl0/heres_my_plan_fire_90_of_celsius_employees/iggsw83/', 'This', 'w0tvl0'], ['u/TheBeatingDevice', 19, '2022-07-17 03:37', 'https://www.reddit.com/r/CelsiusNetwork/comments/w0tvl0/heres_my_plan_fire_90_of_celsius_employees/iggtnvh/', 'Agree. Dude should sell that yacht, mega mansion, and Ferrari', 'w0tvl0']]], ['u/AnxiousQuestioner', 'Crypto-spiracy', 18, '2022-07-17 02:07', 'https://www.reddit.com/r/conspiracytheories/comments/w0u4za/cryptospiracy/', 'What are your favorite conspiracy theories about crypto(maybe specifically Bitcoin) that are backed by evidence? \n\nI love the capabilities, ecosystem and communities(not all), but I’m a probability type person. \n\nI see the possibility that deep in the mechanisms of the world, BTC and other cryptos may be a “Test” orchestrated by the big boys. (Like the Bagdanoff Twins jokes) or Illuminati, Freemason etc. \n\nAll conspiracies welcome<3', 'https://www.reddit.com/r/conspiracytheories/comments/w0u4za/cryptospiracy/', 'w0u4za', [['u/twalk1975', 14, '2022-07-17 02:54', 'https://www.reddit.com/r/conspiracytheories/comments/w0u4za/cryptospiracy/iggoluu/', "Any medium of exchange ultimately functions to transfer wealth to those in a position of privilege. I know it's pretty much impossible to exist in a society on an equitable barter system, but all forms of money ultimately serve to make the rich richer...", 'w0u4za']]], ['u/nybhh', 'How are ETH staking rewards taxed in the US?', 12... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Japan holiday today will sap some liquidity from Asian trade today, and US cash treasuries will be closed in the region.\nUS equities were stronger Friday,S&P up 1.9% on better US data, closing the week 0.9% lower. US 10yr yields finished down 4bps to 2.92% and 17bps for the week. Oil closed up 2.1% and back above USD100/bbl for now.\nOverall the robust US data on Friday eased concerns about an imminent recession but is also unlikely to mount an additional case for a 100 bp Fed hike. And it was about as goldilocks of a mix of headline data risk as one could have expected given the FED’s dilemma of balancing Inflation vs Growth. Especially as stubbornly high inflation could lead to the FED overshooting and market pricing in a much higher risk of recession. But the\xa0decline in US long-term inflation expectations and less hawkish Fed speak on Friday helped temper the pricing of aggressive hikes and helped US equities close higher.\nOIl is opening the week softer as the market digests the demand impact of the rise in new Covid cases in China and as the market cautiously awaits the monumental event risk if Nordstream 1 gas flow from Russia to Europe will resume later this week.\nThe OPEC+ quota system ends in September, and attention is turning to what will happen next.\nAs long as the agreement is in effect, Saudi Arabia has made it transparent that individual producers with spare capacity should not exceed their quota to offset underproduction elsewhere within the group.\nFrom October, however, this changes. Nigeria, Libya, Venezuela, Iran, and Ecuador are all struggling to meet their quotas, while Saudi, Iraq, Kuwait and the UAE have 2mb/d of spare capacity.\nIn addition, Venezuela could add 1.25mb within a year if US sanctions ease, according to our recent expert call, and Iran is ~700kb/d below pre-agreement production and ~1.3mb/d below stated capacity.\nAs the market reprices a delayed reopening\xa0in China and potentially more barrels coming back to the market in October, oil could struggle to make new highs. And It could crash later this week if the gas flow from Nordstream1 doesn’t return, which would undoubtedly tip Europe into a deep recession.\nAfter hitting parity for the first time since 2002, the Euro faces several critical tests in the week ahead—the first ECB hike in over a decade along with an anti-fragmentation backstop tool, a potential further interruption to Russian gas flows, and now the risk of an early election in Italy.\nAnd while an ECB rate hike and rolling out an anti-fragmentation too could temporarily stabilize the EURO near the recent low end of the trading range, the prospect of a prolonged gas flow disruption is likely to hang over the Euro-like a storm could throughout the week. But, even in the markets baseline scenario that gas flows will partially return (to about 40% of normal), it is crucial to keep in mind that anything less than 100% will almost certainly require either higher prices pushed on to the consumer or government rationing—in parts of Europe, likely leading to a recession in Germany and Italy.\nThe Reserve Bank of New Zealand announced a standing repo facility Monday morning after funding via FX forwards crashed in April and May as the domestics chased USD. The repo facility will help to prevent this by allowing eligible counterparties to lend NZ overnight and TN at 15bp below the official cash rate (OCR).\nOffshore banks will then have a mechanism for lending NZD surplus, given these banks generally run USD surplus. This should help anchor the front-end FX forwards as it provides more liquidity when the system balance remains above 50 bn and should be more beneficial to offshore banks looking to lend out surplus NZD better than the FX forward implied.\nThisarticlewas originally posted on FX Empire\n• Sri Lanka puts emergency in place ahead of parliament’s vote for new president\n• New Zealand’s inflation hits 3-decade high, raising bets on sharper rate hikes\n• Scorching heat expected to resume baking China this week\n• Top 5 Crypto Pairs to Watch this Week BTC, ETH, LDO, MATIC, and SOL\n• Oil prices extend gains as weaker dollar, tight supplies support\n• Dollar prowls just below highs as euro gasps for gas', 'MARKETS Japan holiday today will sap some liquidity from Asian trade today, and US cash treasuries will be closed in the region. US equities were stronger Friday , S&P up 1.9% on better US data, closing the week 0.9% lower. US 10yr yields finished down 4bps to 2.92% and 17bps for the week. Oil closed up 2.1% and back above USD100/bbl for now. Overall the robust US data on Friday eased concerns about an imminent recession but is also unlikely to mount an additional case for a 100 bp Fed hike. And it was about as goldilocks of a mix of headline data risk as one could have expected given the FED\x92s dilemma of balancing Inflation vs Growth. Especially as stubbornly high inflation could lead to the FED overshooting and market pricing in a much higher risk of recession. But the\xa0decline in US long-term inflation expectations and less hawkish Fed speak on Friday helped temper the pricing of aggressive hikes and helped US equities close higher. OIL OIl is opening the week softer as the market digests the demand impact of the rise in new Covid cases in China and as the market cautiously awaits the monumental event risk if Nordstream 1 gas flow from Russia to Europe will resume later this week. The OPEC+ quota system ends in September, and attention is turning to what will happen next. As long as the agreement is in effect, Saudi Arabia has made it transparent that individual producers with spare capacity should not exceed their quota to offset underproduction elsewhere within the group. From October, however, this changes. Nigeria, Libya, Venezuela, Iran, and Ecuador are all struggling to meet their quotas, while Saudi, Iraq, Kuwait and the UAE have 2mb/d of spare capacity. In addition, Venezuela could add 1.25mb within a year if US sanctions ease, according to our recent expert call, and Iran is ~700kb/d below pre-agreement production and ~1.3mb/d below stated capacity. As the market reprices a delayed reopening\xa0in China and potentially more barrels coming back to the market in October, oil could struggle to make new highs. And It could crash later this week if the gas flow from Nordstream1 doesn\x92t return, which would undoubtedly tip Europe into a deep recession. Story continues FOREX After hitting parity for the first time since 2002, the Euro faces several critical tests in the week ahead\x97the first ECB hike in over a decade along with an anti-fragmentation backstop tool, a potential further interruption to Russian gas flows, and now the risk of an early election in Italy. And while an ECB rate hike and rolling out an anti-fragmentation too could temporarily stabilize the EURO near the recent low end of the trading range, the prospect of a prolonged gas flow disruption is likely to hang over the Euro-like a storm could throughout the week. But, even in the markets baseline scenario that gas flows will partially return (to about 40% of normal), it is crucial to keep in mind that anything less than 100% will almost certainly require either higher prices pushed on to the consumer or government rationing\x97in parts of Europe, likely leading to a recession in Germany and Italy. New Standing Repo Facility From RBNZ The Reserve Bank of New Zealand announced a standing repo facility Monday morning after funding via FX forwards crashed in April and May as the domestics chased USD. The repo facility will help to prevent this by allowing eligible counterparties to lend NZ overnight and TN at 15bp below the official cash rate (OCR). Offshore banks will then have a mechanism for lending NZD surplus, given these banks generally run USD surplus. This should help anchor the front-end FX forwards as it provides more liquidity when the system balance remains above 50 bn and should be more beneficial to offshore banks looking to lend out surplus NZD better than the FX forward implied. This article was originally posted on FX Empire More From FXEMPIRE: Sri Lanka puts emergency in place ahead of parliament\x92s vote for new president New Zealand\x92s inflation hits 3-decade high, raising bets on sharper rate hikes Scorching heat expected to resume baking China this week Top 5 Crypto Pairs to Watch this Week BTC, ETH, LDO, MATIC, and SOL Oil prices extend gains as weaker dollar, tight supplies support Dollar prowls just below highs as euro gasps for gas', 'Key Insights: On Sunday, the crypto top ten saw a four-day winning streak end, with Solana (SOL) falling by 2.44% to lead the way down. Uncertainty over Fed monetary policy and a lack of direction from the crypto news wires left investors on a more cautious footing ahead of the Monday open. The total crypto market cap ended the week up by $26 billion. It was a bearish Sunday session for the crypto top ten. Bitcoin ( BTC ) saw a four-day winning streak end, with ETH failing to revisit $1,400 in a range-bound session. There were no external forces to shift investor sentiment on Sunday, with no crypto news stories to provide the markets with direction. A bullish four sessions continued into Sunday before profit-taking hit the market ahead of the Monday open. The pullback reflected investor uncertainty over Fed monetary policy, with investors likely to eye the NASDAQ 100 for direction. Crypto – NASDAQ – 180722 Daily Chart At the time of writing, the NASDAQ 100 Mini was up 44.5 points to deliver early support. The Total Crypto Market Cap Sees Red A bullish start to the Sunday session saw the total crypto market cap rise to a high of $961 billion before hitting reverse. The total market cap fell to a low of $925 billion before ending the day at $931 billion. Investors pulled out a modest $14.8 billion on Sunday to leave the market cap up $26 billion for the week. Total Market Cap 180722 Daily Chart The Crypto Market Mo Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-07-18 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $423,185,919,000 - Hash Rate: 189844347.0874986 - Transaction Count: 247895.0 - Unique Addresses: 611990.0 Social & AI Sentiment: - Fear & Greed Index: 0.20 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Don't miss CoinDesk'sConsensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12. Canadian crypto miner Hut 8 (HUT) continued to hold on to all of its mined bitcoins (BTC) even as peers are starting to sell their mined digital assets to pay for some of the operating expenses during the market rout. • Hut 8 mined 309 bitcoins or 10 per day during May,unchangedfrom the previous month. The entirety of the self-mined bitcoins were deposited into custody, “consistent with Hut 8's long-standing HODL strategy,” according to astatement. • The company’s action is notable given that many of its mining peers are starting tosell someof their mined bitcoins as prices tumble and funding in capital markets becomes more difficult and expensive. Riot Blockchain (RIOT) – one of the largest publicly traded miners and also a previously confirmed hodler –recently announced athird consecutive month of bitcoin sales. • Hut 8 also concluded its bitcoin yield program in which it hadloanedout 1,000 BTC to Genesis at an interest rate of 2%, and 1,000 BTC to Galaxy at 2.25%. This brings those 2,000 bitcoin back into the custody of Hut 8. • As of May 31, the company held 7,078 bitcoins in its reserves. At a price of $30,000 per coin, this has a value of $212.3 million vs. Hut 8’s market cap of $400 million (press time price of BTC is $31,500). • Also as of May 31, Hut 8’s installed operating capacity was 2.64 exahash per second (EH/s). Operations began at the company’s third mine in North Bay, Ontario on June 2, adding about 400 petahash per second (PH/s) to capacity (or 0.4 EH/s). • Shares of the miner were flat Monday morning despite a modest bounce in the price of bitcoin. Hut 8 is off about 71% year-to-date, in line with most of its mining peers.... - Reddit Posts (Sample): [['u/dirtmcgurt67', 'first time Bitcoin user. any tips or rules I need to follow?', 45, '2022-07-18 02:24', 'https://www.reddit.com/r/BitcoinBeginners/comments/w1lovj/first_time_bitcoin_user_any_tips_or_rules_i_need/', "I recently met someone at the bar who was showing how much he had in Bitcoin and that it was a good idea to at least give it a try. I was going to see if I coul buy some Bitcoin on cash app and learn how to use it. Figured it's a good skill to learn. So for first time use and so many different guides out there I was just wondering if community could help me find the best help. If anyone can just link me to a guide or give advice it's be much appreciated.", 'https://www.reddit.com/r/BitcoinBeginners/comments/w1lovj/first_time_bitcoin_user_any_tips_or_rules_i_need/', 'w1lovj', [['u/BTCMachineElf', 32, '2022-07-18 04:41', 'https://www.reddit.com/r/BitcoinBeginners/comments/w1lovj/first_time_bitcoin_user_any_tips_or_rules_i_need/iglgqrw/', "The golden rule: not your keys, not your coins\n\nStore your key on a quality hardware device. I strongly recommend Coldcard. Spin up a node (-$200 in parts) for better privacy. \n\nUse a complex passphrase for better security. Store this separately from your seed for better security. The no-passphrase wallet is your dummy wallet.\n\nBitcoin only. There is no better on principle and on technology. Making more coins underminds the value proposition of digital scarcity. Only bitcoin is decentralized, scarce, secure. If you want to gamble on altcoins, consider it an alternative investment and use small money.\n\nHodl with a 4+year plan. Don't panic sell. When in doubt, research the tech. Bitcoin is legit, and the only real choice for internet money.", 'w1lovj'], ['u/Tarzoon', 15, '2022-07-18 09:02', 'https://www.reddit.com/r/BitcoinBeginners/comments/w1lovj/first_time_bitcoin_user_any_tips_or_rules_i_need/igm4x9k/', 'I thought the golden rule was "Don\'t tell people that you have bitcoin".', 'w1lovj'], ['u/BTCMachineElf', 10, '2022-07-18 14:39', 'https://www.reddit.com/r/BitcoinBeginners/comments/w1lovj/first_time_bitcoin_user_any_tips_or_rules_i_need/igmw0cu/', "That's only for people who have bitcoin. Not for people like me who don't have any. 😳", 'w1lovj']]], ['u/Flimsy_Card8028', "Hard truth : if BTC reaches 1 mil I'm selling", 23, '2022-07-18 03:29', 'https://www.reddit.com/r/Bitcoin/comments/w1n06x/hard_truth_if_btc_reaches_1_mil_im_selling/', "I'm 48. Btc won't see mass adoption for at least 20 years. May be dead by then. Since the world still runs on fiat, I will cash out and enjoy life while I can. Only a fool hodls to the grave.", 'https://www.reddit.com/r/Bitcoin/comments/w1n06x/hard_truth_if_btc_reaches_1_mil_im_selling/', 'w1n06x', [['u/Adventurous_Garlic58', 13, '2022-07-18 03:43', 'https://www.reddit.com/r/Bitcoin/comments/w1n06x/hard_truth_if_btc_reaches_1_mil_im_selling/igl9syr/', 'If it reaches a million I’m rebuilding my community', 'w1n06x'], ['u/Low-Refrigerator2799', 24, '2022-07-18 03:50', 'https://www.reddit.com/r/Bitcoin/comments/w1n06x/hard_truth_if_btc_reaches_1_mil_im_selling/iglalwf/', 'By the time it hits 1 million you probably won’t even need to sell it as it will probably be a widely accepted currency. Many car dealerships, grocery stores, gas stations, online stores, home sellers, etc will probably accept Bitcoin by then so what’s the point of selling just to lose half of it to taxes?', 'w1n06x'], ['u/Didmoreresearchthenu', 61, '2022-07-18 03:53', 'https://www.reddit.com/r/Bitcoin/comments/w1n06x/hard_truth_if_btc_reaches_1_mil_im_selling/iglazc6/', 'If it reaches 1 mil you might not have to sell it to buy something you want😂', 'w1n06x'], ['u/Mas113m', 16, '2022-07-18 04:06', 'https://www.reddit.com/r/Bitcoin/comments/w1n06x/hard_truth_if_btc_reaches_1_mil_im_selling/iglcjl1/', "I am 47, I do not think I will sell. Same as investment real estate, borrow against it so there is not a taxable event. Look at what the rich do, or don't in this case. They do not sell assets.", 'w1n06x'], ['u/Lifter_Dan', 16, '2022-07-18 04:40', 'https://www.reddit.com/r/Bitcoin/comments/w1n06x/hard_truth_if_btc_reaches_1_mil_im_selling/iglglrx/', "If it reaches 1mil, Microstrategy will be worth over $130 billion, or $11,500 per share.\n\nSaylor will be worth god knows how much.\n\nWinklevoss twins will be worth over $70 billion\n\nPeter Schiff will be rekt, and maybe PlanB won't need to shill bybit links anymore.", 'w1n06x'], ['u/FirstTimeLongTime_69', 38, '2022-07-18 04:46', 'https://www.reddit.com/r/Bitcoin/comments/w1n06x/hard_truth_if_btc_reaches_1_mil_im_selling/iglhd8o/', 'Yup. $1M bitcoin essentially means the collapse of the fiat financial system and worldwide hyperinflation. You won’t need to “sell” or convert back to fiat at that point. There will be no shortage of businesses or individuals willing to take your sats in exchange for goods and services at that point.', 'w1n06x'], ['u/Major_Bandicoot_3239', 67, '2022-07-18 04:52', 'https://www.reddit.com/r/Bitcoin/comments/w1n06x/hard_truth_if_btc_reaches_1_mil_im_selling/igli21s/', 'Why is this a hard truth. We don’t care if you sell.', 'w1n06x'], ['u/clearmined', 11, '2022-07-18 04:53', 'https://www.reddit.com/r/Bitcoin/comments/w1n06x/hard_truth_if_btc_reaches_1_mil_im_selling/igli4we/', 'Borrowing against BTC not quite there yet. Most lending is 40-50% LTV. F that. \n\nAlso transferring BTC to the lender is garbage. Not doing that either. \n\nI would put the BTC into a wallet only I control. The lender monitors that address as collateral. As long as it’s there loan is secured. If the BTC moves the loan is due.', 'w1n06x'], ['u/ApprehensiveBicycle2', 51, '2022-07-18 05:06', 'https://www.reddit.com/r/Bitcoin/comments/w1n06x/hard_truth_if_btc_reaches_1_mil_im_selling/igljmau/', 'Trust me; he’ll sell wayyyy before then', 'w1n06x'], ['u/Doctor_Oddington', 42, '2022-07-18 05:18', 'https://www.reddit.com/r/Bitcoin/comments/w1n06x/hard_truth_if_btc_reaches_1_mil_im_selling/iglktsu/', "51. In poor health. If it hits 100,000, I retire, buy an RV, see how far I can go without leaving the ground. Then go tour the world's great libraries until I croak. Some inheritance for my brother's kids. Set up a living trust to go find people and help them do ridiculous things.\n\nI anticipate a 2025 launch date.", 'w1n06x'], ['u/Adventurous_Garlic58', 12, '2022-07-18 05:40', 'https://www.reddit.com/r/Bitcoin/comments/w1n06x/hard_truth_if_btc_reaches_1_mil_im_selling/igln3u5/', 'My personal hope is an awesome community center for the kids, donation for park renovations, ged and trade school grants is the three I think would really make a big difference. I also want to lobby for more finance classes in our schools curriculum as most high schoolers can’t write a check, balance a ledger, understand credit scores, APR, etc.', 'w1n06x'], ['u/YorionEnthusiast', 10, '2022-07-18 06:06', 'https://www.reddit.com/r/Bitcoin/comments/w1n06x/hard_truth_if_btc_reaches_1_mil_im_selling/iglpnbh/', 'Guess people have learned nothing.', 'w1n06x'], ['u/LiveFreelyOrDie', 11, '2022-07-18 07:52', 'https://www.reddit.com/r/Bitcoin/comments/w1n06x/hard_truth_if_btc_reaches_1_mil_im_selling/iglzcz1/', 'Everyone else will sell at $950K, leaving you hodling for a mil', 'w1n06x']]], ['u/GrantedLazerBeam', 'The Implications of CBDCs', 29, '2022-07-18 04:17', 'https://www.reddit.com/r/Bitcoin/comments/w1nxr2/the_implications_of_cbdcs/', 'Think about what is happening to @RBC customers opting into a better financial instrument, #bitcoin\xa0, and how CBDCs will amplify this problem going forward\n\nRBC is shutting down any and all customer accounts who are buying Bitcoin\n\nBitcoin has posed enough of a threat to the incumbent financial system, and has provided a new option to transact in a currency that is more elite and completely outside of the purview of the current traditional system. \n\nRead here: https://cbdcwatch.substack.com/p/the-implications-of-cbdcs?s=w&utm_medium=web', 'https://www.reddit.com/r/Bitcoin/comments/w1nxr2/the_implications_of_cbdcs/', 'w1nxr2', [['u/Nada_Lives', 17, '2022-07-18 04:50', 'https://www.reddit.com/r/Bitcoin/comments/w1nxr2/the_implications_of_cbdcs/iglhr0i/', 'then they fight you ...', 'w1nxr2']]], ['u/AutoModerator', '[Daily Discussion] - Monday, July 18, 2022', 58, '2022-07-18 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/w1pvqb/daily_discussion_monday_july_18_2022/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/w1pvqb/daily_discussion_monday_july_18_2022/', 'w1pvqb', [['u/Outrageous-Net-7164', 18, '2022-07-18 07:10', 'https://www.reddit.com/r/BitcoinMarkets/comments/w1pvqb/daily_discussion_monday_july_18_2022/iglvoyh/', 'Dangerous shorting now. You had 7 months of life changing money shorting from 69k. Why fuck about down here. \n\nYour no different to the longers at 60k\n\n10k is the same call as the 100k call last year.', 'w1pvqb'], ['u/dmatje', 10, '2022-07-18 07:14', 'https://www.reddit.com/r/BitcoinMarkets/comments/w1pvqb/daily_discussion_monday_july_18_2022/iglvzrx/', 'Isn’t the fed still selling off billions of assets a day?', 'w1pvqb'], ['u/DamonAndTheSea', 21, '2022-07-18 07:14', 'https://www.reddit.com/r/BitcoinMarkets/comments/w1pvqb/daily_discussion_monday_july_18_2022/iglw1an/', 'People shorting bottom of RSI and 200MA weekl... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['(Bloomberg) -- SoftBank Group Corp. has temporarily paused talks about listing shares of its chips division, Arm Ltd., in London because of turmoil in the UK government, while it continues to pursue an initial public offering for the business in New York, according to people familiar with the matter. Most Read from Bloomberg VW Billionaire Clan Plotted CEO Ouster as He Was on US Trip World\x92s Key Workers Threaten to Hit Economy Where It Will Hurt Tesla\x92s Bitcoin Dump Leaves Accounting Mystery in Its Wake Russian Odesa Missile Strike Tests Ukraine Grain Export Deal Fed to Inflict More Pain on Economy as It Readies Big Rate Hike SoftBank founder Masayoshi Son has repeatedly said his primary focus is to take Arm public in the US because of its deep investor base and attractive valuations. In June, Son said he would also consider a London listing, in part because of political appeals. The resignation of outgoing UK Prime Minister Boris Johnson, which was preceded by the walkout of many leading officials in his administration, has put those talks on hold for now, said the people, asking not to be named because the discussions are private. Investment minister Gerry Grimstone, who played a leading role in talks with SoftBank, is one of the officials who resigned. You can\x92t negotiate if there is no one on the other side to talk with, one of the people said, adding that the pause hasn\x92t changed SoftBank\x92s attitude toward a London Stock Exchange deal. A listing in Arm\x92s home market could still happen, but SoftBank remains focused on the US in 2023, according to the people. SoftBank declined to comment. The company\x92s shares were little changed in morning trading in Tokyo on Tuesday. The Financial Times reported earlier that SoftBank had halted work on a London IPO. Arm, which the Japanese company acquired in 2016, is based in Cambridge, England. Arm was one of the UK\x92s most important technology companies before the purchase and still has the majority of its operations there. Johnson\x92s administration had lobbied hard to bring at least part of any initial public offering to the UK\x92s capital market. Story continues Arm sells and licenses technology that\x92s used by semiconductors in everything from smartphones to supercomputers. The pervasiveness of its products has made its planned IPO a closely watched event in the $550 billion chip industry. Son has said he plans to sell a portion of Arm before the end of the company\x92s financial year next March. The prospect for a return on his $32 billion purchase of Arm have dimmed as investors have shied away from chip-related stocks. The benchmark Philadelphia Stock Exchange Semiconductor Index has lost almost a third of its value in 2022. (Updates with SoftBank\x92s response) Most Read from Bloomberg Businessweek The $260 Swatch-Omega MoonSwatch Is Reviving the Budget Brand Postmortem Sperm Retrieval Is Turning Dead Men Into Fathers The US Has Lost Its Way on Computer Chips Ghosts of 2012 Haunt Europe as Rate Hikes Begin Sam Bankman-Fried Turns $2 Trillion Crypto Rout Into Buying Opportunity ©2022 Bloomberg L.P.', '(Bloomberg) -- SoftBank Group Corp. has temporarily paused talks about listing shares of its chips division, Arm Ltd., in London because of turmoil in the UK government, while it continues to pursue an initial public offering for the business in New York, according to people familiar with the matter.\nMost Read from Bloomberg\n• VW Billionaire Clan Plotted CEO Ouster as He Was on US Trip\n• World’s Key Workers Threaten to Hit Economy Where It Will Hurt\n• Tesla’s Bitcoin Dump Leaves Accounting Mystery in Its Wake\n• Russian Odesa Missile Strike Tests Ukraine Grain Export Deal\n• Fed to Inflict More Pain on Economy as It Readies Big Rate Hike\nSoftBank founder Masayoshi Son has repeatedly said his primary focus is to take Arm public in the US because of its deep investor base and attractive valuations. In June, Son said he would also consider a London listing, in part because of political appeals.\nThe resignation of outgoing UK Prime Minister Boris Johnson, which was preceded by the walkout of many leading officials in his administration, has put those talks on hold for now, said the people, asking not to be named because the discussions are private. Investment minister Gerry Grimstone, who played a leading role in talks with SoftBank, is one of the officials who resigned.\nYou can’t negotiate if there is no one on the other side to talk with, one of the people said, adding that the pause hasn’t changed SoftBank’s attitude toward a London Stock Exchange deal. A listing in Arm’s home market could still happen, but SoftBank remains focused on the US in 2023, according to the people.\nSoftBank declined to comment. The company’s shares were little changed in morning trading in Tokyo on Tuesday.\nThe Financial Times reported earlier that SoftBank had halted work on a London IPO.\nArm, which the Japanese company acquired in 2016, is based in Cambridge, England. Arm was one of the UK’s most important technology companies before the purchase and still has the majority of its operations there. Johnson’s administration had lobbied hard to bring at least part of any initial public offering to the UK’s capital market.\nArm sells and licenses technology that’s used by semiconductors in everything from smartphones to supercomputers. The pervasiveness of its products has made its planned IPO a closely watched event in the $550 billion chip industry.\nSon has said he plans to sell a portion of Arm before the end of the company’s financial year next March.\nThe prospect for a return on his $32 billion purchase of Arm have dimmed as investors have shied away from chip-related stocks. The benchmark Philadelphia Stock Exchange Semiconductor Index has lost almost a third of its value in 2022.\n(Updates with SoftBank’s response)\nMost Read from Bloomberg Businessweek\n• The $260 Swatch-Omega MoonSwatch Is Reviving the Budget Brand\n• Postmortem Sperm Retrieval Is Turning Dead Men Into Fathers\n• The US Has Lost Its Way on Computer Chips\n• Ghosts of 2012 Haunt Europe as Rate Hikes Begin\n• Sam Bankman-Fried Turns $2 Trillion Crypto Rout Into Buying Opportunity\n©2022 Bloomberg L.P.', '• On Monday, the crypto top ten resumed the recent upswing, with Ethereum (ETH) surging by 18% to lead the way.\n• A shift in sentiment across the crypto market led to decoupling from the NASDAQ 100, with market focus returning to crypto network news updates.\n• The total crypto market cap jumped by $82.59 billion to hit $1 trillion for the first time since June 13.\nIt was a bullish Monday session for thecryptotop ten. Bitcoin (BTC) broke out from its recent ranges, with a visit to $22,000, withETHbringing $2,000 into view.\nMarket sentiment towards the Ethereum Merge and the Cardano (ADA) Vasil hard fork muted the influence of the NASDAQ 100 on investor appetite.\nOn Sunday, wetalkedof the crypto market decoupling from the US equity markets, which entered the earnings season. A breakout after the US market close suggests the beginnings of a decoupling.\nThere were no FOMC member speeches to consider, with the Fed in the blackout period until July 28. Adding further support to the crypto market were easing bets of a 100-basis point rate hike later this month.\nAt the time of writing, the NASDAQ 100 Mini was up 33 points.\nA bullish Monday session saw the total crypto market cap rise from a low of $929 billion to a high of $1,026 billion before hitting reverse.\nThe reversal, weighed by the NASDAQ 100, led to a fall back to $966 billion before a post-US market crypto rally.\nOn Monday, the total crypto market cap surged by $82.59 billion to close out the day at $1 trillion for the first time since June 12.\nA bitcoin return to $22,000 and an Ethereum surge to $1,500 were the milestones driving the broad-based crypto rally.\nETHsurged by 18.17% to lead the crypto top ten, withADA(+9.37%) andSOL(+12.73%) also making impressive gains.\nHowever,BNB(+6.62%),BTC(+7.95%),DOGE(+7.15%), andXRP(+6.47%) trailed the front runners.\nFrom theCoinMarketCaptop 100, Ethereum Classic (ETC) surged by 31.4% to lead the 100.\nPolygon (MATIC) and STEPN (GMT) were close behind, with gains of 27.4% and 25.77%, respectively.\nLido DAO (LDO) bucked the broader market trend, with a 10.55% loss as investors locked in profits.\nOn Tuesday, 24-hour liquidations surged, suggesting a possible pullback from Monday levels. Over the weekend, we saw a similar rise in 24-hour liquidations going into Sunday that projected a bearish session, which materialized after a bullish start.\nThis morning, 24-hour liquidations stood at $691 million, up from $116.95 million on Monday.\nLiquidated traders surged over the last 24 hours, suggesting deteriorating market conditions. At the time of writing, liquidated traders stood at 128,281 versus 40,592 on Monday morning.\nAccording toCoinglass, one-hour liquidations stood at $161.66 million, up from $5.22 million on Monday.\n• Bitcoin mining was in the spotlight, with US lawmakerspushingfor more reporting.\n• The Dutch Central BankfinedBinance €3.3 million for offering services without being registered.\n• Coinbasegotregulatory approval in Italy to provide ongoing crypto services.\n• Three Arrows Capital (3AC)reportedlyowes creditors $3 billion, which includes $2.36 billion to Genesis.\n• The Paraguay Senatepasseda bill to regulate crypto trading and mining.\nThisarticlewas originally posted on FX Empire\n• General Motors to produce 2024 Chevrolet Blazer EV at Ramos Arizpe in Mexico\n• Yellen vows tough U.S. measures against countries abusing economic order\n• SGS sticks to outlook as H1 sales rise in “challenging” market\n• Novartis no longer expects earnings decline at under-review Sandoz unit\n• China’s Tianjin halts some businesses in fresh COVID curbs\n• Sri Lanka opposition leader Premadasa withdraws from race for president', 'Key Insights: On Monday, the crypto top ten r Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-07-19 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $424,348,672,000 - Hash Rate: 199988701.51202145 - Transaction Count: 279950.0 - Unique Addresses: 682638.0 Social & AI Sentiment: - Fear & Greed Index: 0.30 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: • Meme momentum is fading rapidly forAMC Entertainment(AMC) and AMC stock. • Positive sentiment alone accounted for AMC’s price rise. • Investors should take this opportunity to bail from AMC now. Investors may cite improving movie attendance as a reason to buyAMC Entertainment(NYSE:AMC) stock. At the same time, they are shunningNetflix(NASDAQ:NFLX) andRoku(NASDAQ:ROKU). People moved on from the stay-at-home lifestyle of 2020 and 2021. This year, going out will include watching movies in a theatre. Does this mean AMC’s stock price will rise with the favorable trend? Investors should dig into AMC’s latest quarterly report first. The company has several red flags that undermine the bullish thesis. InvestorPlace - Stock Market News, Stock Advice & Trading Tips [] Meme investing tried, but failed several times to come back. Most recently,GameStop(NYSE:GME)double-bottomedat $80 in March and rose to over $180 to then fall back to $80. AMC stock also rallied to over $30 in that time. However, it recently closed at $11.81. • 7 Undervalued Stocks to Buy Before Investors Catch On Meme investing is synonymous with momentum investing. The stock depended on buying momentum for the rallies. Those who sold into the rally profited the most. Anyone too slow to sell is largely holding losses. Fundamentals from its quarterly report are questionable. <br />Click to Enlarge AMC’s MACD is bearish. In the first quarter, AMC posted non-GAAPearnings per share loss of 52 cents. Revenue rose by 429.8% year-over-year to $785.7 million. Those figures suggest that AMC will need to sustain its revenue growth to achieve break-even profits. In the first quarter, AMC reported attendance of 39,075,000 from average screens of 10,099. At around 3,900 attendance per screen in the quarter, the theatre chain has a long way to go. This number seems too low for a company whose market capitalization is $6.72 billion. The bear market is especially damaging for technology stocks. Companies with a high price-to-sales ratio fell sharply from their peak. In the chart abovecreated by Stock Rover, AMC’s moving average convergence divergence is bearish. The faster-moving blue line crossed the slower-moving green line, which is a sell signal. Shareholders who bought AMC stock in the last two years may zoom out of the stock chart. From late 2018 to Jan. 1, 2021, AMC shares could not break a downtrend. It traded at below $2.50 before Reddit’s r/WallStreetBets added AMC Entertainment to the meme stock craze. Redditors picked GameStop as the highly shorted company to short-squeeze. They bought the stock to punish bears who bet against it. Bears correctly bet against AMC because it had high debt. It was losing viewers to movie companies releasing titles on streaming services. Though streaming stocks are down, their demand remains strong. Roku and Netflix are trading lower because they face higher competition. Revenue growth is slowing. Markets are unwilling to pay nose-bleeding valuations for them. Expect the price-to-earnings and price-to-sales multiples to fall for stocks. This will hurt AMC as investors switch by buying companies that post quarterly profits. On the date of publication, Chris Lau did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. • Stock Prodigy Who Found NIO at $2… Says Buy THIS • It doesn’t matter if you have $500 in savings or $5 million. Do this now. • Get in Now on Tiny $3 ‘Forever Battery’ Stock • Early Bitcoin Millionaire Reveals His Next Big Crypto Trade “On Air” The postAMC Stock: Why itâs Time to Bail Right Nowappeared first onInvestorPlace.... - Reddit Posts (Sample): [['u/Doctor_Whisky', 'Help me understand pls', 41, '2022-07-19 00:42', 'https://www.reddit.com/r/btc/comments/w2chli/help_me_understand_pls/', 'Hello all, so I’ve known about crypto for what feels like forever now BUT only today have I gone down what feels like to me is the rabbit hole… \n\nSo please correct me if I’m wrong but from my understanding BCH IS BTC before the fork and BTC that we know today is only BTC because some people chose that version to be the one that got the ticker and all the popularity and how the only reason BCH is suppressed heavily is because of it being looked down on (Block wars Etc.) and, the popularity/Spotlight BTC took and BTC being a store of value on top of this Tether BS and how it is propped up by counterfeit money (Tether) which is a balloon ready to pop. Also a lot of talk about BCH flipping BTC lmao \n\nI’ve read off and on about BCH for about a year now and thought about buying it but after seeing it hit damn near 800$ and just slowly decline. I’ve recently decided to start investing (since it’s cooled off a little) Honestly BCH is a gem in of itself but I just have a hard time understanding why BCH has fallen so far, everything about BCH is damn near perfect to me, I guess it just needs it’s spotlight.', 'https://www.reddit.com/r/btc/comments/w2chli/help_me_understand_pls/', 'w2chli', [['u/mrtest001', 24, '2022-07-19 01:14', 'https://www.reddit.com/r/btc/comments/w2chli/help_me_understand_pls/igpgejd/', 'BCH and BTC are from the same exact chain - the split happened in 2017.\n\nBCH is the low-fee version of Bitcoin.\n\nBTC is the high-fee version of Bitcoin.\n\nEverything you understand and have read about Bitcoin is also true for BitcoinCash.\n\nI would not characterize BCH as "heavy" BitcoinCash works as "Bitcoin" was intended - and we can see the results of what happens when you stray away - BTC is high fees and (IMHO) Layer 2 LN is damn near unusable.', 'w2chli'], ['u/KallistiOW', 10, '2022-07-19 01:37', 'https://www.reddit.com/r/btc/comments/w2chli/help_me_understand_pls/igpjkc0/', 'Yep, you pretty much get it', 'w2chli'], ['u/CurvyGorilla202', 16, '2022-07-19 03:03', 'https://www.reddit.com/r/btc/comments/w2chli/help_me_understand_pls/igpv2s2/', 'Welcome to the club', 'w2chli'], ['u/ShortSqueeze20k', 15, '2022-07-19 03:26', 'https://www.reddit.com/r/btc/comments/w2chli/help_me_understand_pls/igpy4fy/', "relax hommie. \n\nImagine a world where /r/btc is proven correct and BCH has 300m transactions happening a day on chain. BTC would, without exaggeration, be dead, hard $0. Not because of some crazy moon boy fantasy, but because miners will be incentivized to mine BCH rather than BTC since it would be simply more profitable to do so. \n\nIn that world where BTC is hard $0, Bitcoin Cash users will simply call it Bitcoin. That's what the phrase Bitcoin Cash is Bitcoin means to me.", 'w2chli'], ['u/Shibinator', 13, '2022-07-19 03:43', 'https://www.reddit.com/r/btc/comments/w2chli/help_me_understand_pls/igq0dwj/', 'See [this other recent thread](https://www.reddit.com/r/btc/comments/w21jeb/books_on_bitcoin_cash/igoa2wg/)\n\nFor some info that might help get you in the right direction on BCH.', 'w2chli'], ['u/Doctor_Whisky', 11, '2022-07-19 03:56', 'https://www.reddit.com/r/btc/comments/w2chli/help_me_understand_pls/igq279p/', 'Someone earlier said We’re either extremely retarded or very early.', 'w2chli'], ['u/ShortSqueeze20k', 11, '2022-07-19 04:04', 'https://www.reddit.com/r/btc/comments/w2chli/help_me_understand_pls/igq3932/', "So many people don't even know these VERY basics: (we're very early)\n\n1) You can buy a fraction of a Bitcoin.\n\n2) Aggregate supply decreases by 50% every 4 years\n\n3) Max supply 21 million.\n\n4) Transaction fees will incentivize miners after the block rewards decreases more", 'w2chli'], ['u/KallistiOW', 11, '2022-07-19 05:08', 'https://www.reddit.com/r/btc/comments/w2chli/help_me_understand_pls/igqbjm9/', "I can stay retarded longer than miners can stay solvent\n\nBCH goes to $1 and all the miners bail out? You bet I'm gonna be mining on all of the CPU power I have.", 'w2chli']]], ['u/AffectionateCanary25', "There's many people who won't buy Bitcoin because they don't invest at all", 155, '2022-07-19 04:07', 'https://www.reddit.com/r/Bitcoin/comments/w2gutg/theres_many_people_who_wont_buy_bitcoin_because/', 'Recently had a conversation with a 64 year old coworker who believes the stock market/investing is a scam. \n\nIt\'s one of those conversations where I just let the other person talk to understand their perspective. I have no interest in changing someone\'s mind especially when they are this late in the game. \n\nShe got burned in 2000 and 2008.\n\nI didn\'t venture to ask what her situation is now. \n\nBut it did get me thinking about the majority of people. \n\nMost people do not invest. \n\nOf the ones that do, this is mostly through passive strategies.\n\nAlthough I believe Bitcoin will eventually fully integrate into the traditional investing world, there will be many people who really don\'t care. \n\nThat is a little depressing to think about but that\'s mostly human nature. \n\nI personally know 2 doctors with crippling debt who are living paycheck to paycheck (lifestyle creep is real, especially with doctors\' wives). \n\nIt\'s made me realize that many people will not put in the time to understand investing, let alone Bitcoin. And some people can\'t even invest given their circumstances. \n\nIn my small town growing up, it was always the older farmers who were covert millionaires. Probably because they had a growth mindset, have a history of hedging bad seasons, and don\'t spend beyond their means. \n\nIt\'s funny because my definition of "rich" has changed substantially with a greater understanding of investing. \n\nJust some random thoughts, I don\'t believe many people will be buying Bitcoin at 100k, there may be some fomo but interest will disappear when another 30% correction happens. \n\nAnd we\'ll have the same "Bitcoin is dead!" Headlines.\n\nEdit: I think it\'s important to remember the amount of people who actively invest whenever Bitcoin goes on another maniac rally. Even in a hyperbitcoinized world people will blow their Bitcoin as soon as they get it. \n\nBitcoin is a gift for savers but anyone who is not a saver probably doesn\'t care.', 'https://www.reddit.com/r/Bitcoin/comments/w2gutg/theres_many_people_who_wont_buy_bitcoin_because/', 'w2gutg', [['u/Ok_Diamond_', 13, '2022-07-19 05:49', 'https://www.reddit.com/r/Bitcoin/comments/w2gutg/theres_many_people_who_wont_buy_bitcoin_because/igqgekl/', 'Good points about the farmers in your area. Another item that has helped farmers is the insane appreciation of the value of good farm land. They can use the land they have to leverage up and buy more farm land as well but the appreciation of land valuation is pretty wild', 'w2gutg'], ['u/savinelli_smoker', 39, '2022-07-19 05:58', 'https://www.reddit.com/r/Bitcoin/comments/w2gutg/theres_many_people_who_wont_buy_bitcoin_because/igqhflh/', 'We the early adopters see bitcoin as an investment, but if bitcoin really reaches its full potential and becomes the digital money (years and decades later, after hyperbitcoinisation), people will no longer see it as an investment, it’ll be simply “money”, a better form of money that doesn’t lose value constantly. I suspect people will still invest, like lending out bitcoin to earn interest, borrowing bitcoin to build a business, buy corporate stocks with bitcoin, etc, but the act of holding bitcoin itself won’t be seen as investment anymore. And I hope that day will come.', 'w2gutg'], ['u/FigTreeMike', 20, '2022-07-19 06:42', 'https://www.reddit.com/r/Bitcoin/comments/w2gutg/theres_many_people_who_wont_buy_bitcoin_because/igqm420/', "Yes an we all see how well that's going. Bitcoin isn't designed for fractional reserve banking, which is a major selling point for me.", 'w2gutg'], ['u/Mektzer', 12, '2022-07-19 10:07', 'https://www.reddit.com/r/Bitcoin/comments/w2gutg/theres_many_people_who_wont_buy_bitcoin_because/igr3ifk/', 'The majority of the people don\'t invest because they don\'t understand it, so they think it\'s just something that is very risky or at worst a total scam. But one thing that the majority of the people does is saving for their future. In some ways it is viewed as the opposite of investing (it\'s risk off instead of risk on). It\'s something sensible to do that, in the right conditions, comes natural to the human behavior.\n\nRight now bitcoin has a relatively small market cap. It\'s highly volatile, hence highly speculative, and it\'s perceived exactly like that from the outsiders. As bitcoin keeps "avoiding deaths" coming back stronger time and time again, while volatility keeps decreasing simply because of a bigger market cap, more and more people will realise that buying bitcoin is more similar to a savings account with a good interest rate rather than a high risk - high reward type of bet.\n\nThat\'s why I believe we could completely turn around the title of this post and make it: "There\'s many people who will eventually buy Bitcoin because they want to save their money for their future"', 'w2gutg']]], ['u/apamise', 'Is BTC price based on market sentiment or is it highly manipulated?', 10, '2022-07-19 05:00', 'https://www.reddit.com/r/Buttcoin/comments/w2hy4c/is_btc_price_based_on_market_sentiment_or_is_it/', 'The more I try to understand BTC price trend, the less it make sense.', 'https://www.reddit.com/r/Buttcoin/comments/w2hy4c/is_btc_price_based_on_market_sentiment_or_is_it/', 'w2hy4c', [['u/biffbobfred', 13, '2022-07-19 05:01', 'https://www.reddit.com/r/Buttcoin/comments/w2hy4c/is_btc_price_based_on_market_sentiment_or_is_it/igqaohj/', 'It’s so thinly traded in the real world that it’s very very easy for whales to manipulate. If a price stays the same for a while it becomes market sentiment because there really are no other factors going into the... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['• On Tuesday, the crypto top ten were on the move again, with Cardano (ADA) taking over as the front runner.\n• A choppy start to the session saw the crypto market hit reverse before recovering, with the NASDAQ 100 delivering a US session boost.\n• The total crypto market cap followed Monday’s $82.59 billion jump with a $46 billion increase to cement the return to $1 trillion.\nIt was a bullish Tuesday session for thecryptotop ten. Bitcoin (BTC) hit $23,000, briefly eyeing $24,000, with Cardano (ADA) enjoying a breakout session.\nRecovering from a bearish start to the Tuesday session, risk-on sentiment from the global equity markets delivered much-needed support.\nThe European and US equity markets were in rally mode, delivering the crypto boost.\nOn Tuesday, the NASDAQ 100 rallied by 3.11%, with the futures pointing to more gains in the day ahead.\nAt the time of writing, the NASDAQ 100 Mini was up 32 points.\nWhile the European and US equity markets provided support, investor sentiment towards the Ethereum Merge and the Cardano (ADA) Vasil hard fork remained the key drivers.\nFollowing several delays, the Vasil hard fork and the Merge look set for July and September, shifting the mood across the crypto market.\nA choppy Tuesday session saw the total crypto market cap fall to a low of $981 billion before rising to a high of $1,050 billion.\nFinding initial support from the European and US equity markets, Ethereum Merge euphoria continued to drive the market northwards in the post-US market close session.\nOn Tuesday, the total crypto market cap followed Monday’s $82.59 billion surge with a $46 billion increase to wrap up the day at $1 trillion for a second consecutive day.\nNotable moves across the crypto top ten were a bitcoin return to $23,000 and an Ethereum look at $1,700. Despite the Merge euphoria, ETH ended the day in the red.\nADArallied by 5.31% to lead the top ten, withBTC(+4.25%) andSOL(+3.07%) finding strong support.\nWhileBNB(+1.70%),DOGE(+2.10%), andXRP(+2.14%) avoided the red,ETH(-2.45%) succumbed to late profit taking to end the day in the red.\nFrom theCoinMarketCaptop 100, Nexo (NEXO) led the way, surging by 21.88%. Fantom (FTM) and NEM (XEM) were close behind, with gains of 14.97% and 15.53%, respectively.\nHowever, Arweave (AR) struggled, with a 6.12% loss. UNUS SED LEO (LEO), STEPN (GMT), TerraClassicUSD (USTC), and Polygon (MATIC) also saw red.\nOn Wednesday, 24-hour liquidations eased, pointing to more favorable market conditions. Despite the fall in liquidations, 24-hour liquidations remained elevated relative to more recent levels.\nThis morning, 24-hour liquidations stood at $582 million, down from $691 million on Tuesday.\nLiquidated traders also eased over the last 24 hours, suggesting improving market conditions. At the time of writing, liquidated traders stood at 104,735 versus 128,281 on Tuesday morning.\nWhile 24-hour liquidation levels stood on the higher side, one-hour and four-hour liquidations saw a sharp decline relative to Tuesday morning levels.\nAccording toCoinglass, one-hour liquidations stood at $2.84 million, down from $161.66 million on Tuesday. Four-hour liquidations stood at $45.66 million.\n• Beleaguered crypto platform Celsiusreceivedcourt approval to spend $3.7 million on a new bitcoin mining facility and $1.5 million on customs and excise duties on rigs.\n• Stablecoin issuer Circletalkedabout crypto regulations.\n• FBIissueda warning over bogus crypto apps.\n• Crypto.comand Trade Republicannouncedregulatory approvals in Italy.\nThisarticlewas originally posted on FX Empire\n• Telia’s quarterly core earnings top expectations\n• Wildfire rages near Athens; homes damaged, hospital evacuated\n• White House says Russia laying groundwork to annex Ukraine territory\n• Dollar loses steam, euro on front foot as ECB meeting looms\n• Indonesian court rejects call to legalise medicinal marijuana\n• Sri Lanka’s parliament votes for a new president as protesters wait', 'Key Insights: On Tuesday, the crypto top ten were on the move again, with Cardano (ADA) taking over as the front runner. A choppy start to the session saw the crypto market hit reverse before recovering, with the NASDAQ 100 delivering a US session boost. The total crypto market cap followed Monday’s $82.59 billion jump with a $46 billion increase to cement the return to $1 trillion. It was a bullish Tuesday session for the crypto top ten. Bitcoin ( BTC ) hit $23,000, briefly eyeing $24,000, with Cardano ( ADA ) enjoying a breakout session. Recovering from a bearish start to the Tuesday session, risk-on sentiment from the global equity markets delivered much-needed support. The European and US equity markets were in rally mode, delivering the crypto boost. On Tuesday, the NASDAQ 100 rallied by 3.11%, with the futures pointing to more gains in the day ahead. At the time of writing, the NASDAQ 100 Mini was up 32 points. Total Market Cap – NASDAQ – 200722 5 Min Chart While the European and US equity markets provided support, investor sentiment towards the Ethereum Merge and the Cardano ( ADA ) Vasil hard fork remained the key drivers. Following several delays, the Vasil hard fork and the Merge look set for July and September, shifting the mood across the crypto market. The Total Crypto Market Cap Continued the Gradual Climb to $2 Trillion A choppy Tuesday session saw the total crypto market cap fall to a low of $981 billion before rising to a high of $1,050 billion. Finding initial support from the European and US equity markets, Ethereum Merge euphoria continued to drive the market northwards in the post-US market close session. On Tuesday, the total crypto market cap followed Monday’s $82.59 billion surge with a $46 billion increase to wrap up the day at $1 trillion for a second consecutive day. Notable moves across the crypto top ten were a bitcoin return to $23,000 and an Ethereum look at $1,700. Despite the Merge euphoria, ETH ended the day in the red. Total Market Cap 200722 Daily Chart The Crypto Market Movers and Shakers from the Top Ten and Beyond ADA rallied by 5.31% to lead the top ten, with BTC (+4.25%) and SOL (+3.07%) finding strong support. Story continues While BNB (+1.70%), DOGE (+2.10%), and XRP (+2.14%) avoided the red, ETH (-2.45%) succumbed to late profit taking to end the day in the red. From the CoinMarketCap top 100, Nexo ( NEXO ) led the way, surging by 21.88%. Fantom ( FTM ) and NEM ( XEM ) were close behind, with gains of 14.97% and 15.53%, respectively. However, Arweave ( AR ) struggled, with a 6.12% loss. UNUS SED LEO (LEO), STEPN ( GMT ), TerraClassicUSD ( USTC ), and Polygon ( MATIC ) also saw red. Total Crypto Liquidations Fall to Reflect Improved Market Conditions On Wednesday, 24-hour liquidations eased, pointing to more favorable market conditions. Despite the fall in liquidations, 24-hour liquidations remained elevated relative to more recent levels. This morning, 24-hour liquidations stood at $582 million, down from $691 million on Tuesday. Liquidated traders also eased over the last 24 hours, suggesting improving market conditions. At the time of writing, liquidated traders stood at 104,735 versus 128,281 on Tuesday morning. While 24-hour liquidation levels stood on the higher side, one-hour and four-hour liquidations saw a sharp decline relative to Tuesday morning levels. According to Coinglass , one-hour liquidations stood at $2.84 million, down from $161.66 million on Tuesday. Four-hour liquidations stood at $45.66 million. Total Crypto Liquidations 200722 Daily News Highlights Beleaguered crypto platform Celsius received court approval to spend $3.7 million on a new bitcoin mining facility and $1.5 million on customs and excise duties on rigs. Stablecoin issuer Circle talked about crypto regulations. FBI issued a warning over bogus crypto apps. Crypto.com and Trade Republic announced regulatory approvals in Italy. This article was originally posted on FX Empire More From FXEMPIRE: Telia’s quarterly core earnings top expectations Wildfire rages near Athens; homes damaged, hospital evacuated White House says Russia laying groundwork to annex Ukraine territory Dollar loses steam, euro on front foot as ECB meeting looms Indonesian court rejects call to legalise medicinal marijuana Sri Lanka’s parliament votes for a new president as protesters wait', "Since the turn of the year, Block ( SQ ) shares have retreated to the tune of 57%. As such, with the company soon scheduled to report 2Q22’s financials (August 4), RBC analyst Daniel Perlin believes the toned-down valuation means the “expectation hurdle” going into the print is “relatively low.” That said, like in the prior quarter, the current macro environment remains unpredictable and while Perlin says it is hard not to want to “be more constructive” on the digital payments leader, the prospect of a recession, which would affect Block’s end markets and consumers, looms large. With this in mind, based on the market's “re-rating of high-growth stocks and a more cautious macro view” into 2H/22, Perlin has lowered the price target for the stock from $147 to $91. Nevertheless, the figure, which could still generate returns of 31% in the year ahead, supports Perlin's Outperform (i.e. Buy) rating (To watch Perlin’s track record, click here ) Perlin’s expectations for the quarter are mainly below the Street’s estimates. The analyst is calling for net revenues of $1.74 billion (Street is at $1.79 billion), gross profit of $1.48 billion (Street has $1.49 billion) and adj. EBITDA of $135 million (Street calling for $148 million). What areas of Block should investors be keeping an eye on? As reflected in GPV (gross payment volume), all eyes will be on the near-term demand for SMB (small and medium business) sellers, and here also, Perlin thinks the Street’s forecast could “prove aggressive.” Perlin’s model calls for a 16% year-over-year increase to $45 billion, below the consensus estimate of $49 billion. Cash App gross profit will a Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-07-20 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $447,990,289,162 - Hash Rate: 182598379.6414109 - Transaction Count: 260195.0 - Unique Addresses: 642244.0 Social & AI Sentiment: - Fear & Greed Index: 0.31 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: DUBAI, UNITED ARAB EMIRATES / COINSFERA / June 16, 2022 /Coinsfera is a multinational company that has announced to offer a fast and secure way toSell bitcoin in Dubaifor the ease for people living in UAE or those who are just traveling on vacation. The company has also its offices set up in several other countries including Turkey, and London. It also provides a wide range of other services, including real estate purchases in the UAE with digital currency. It is committed to providing the best possible experience for its customers and aims to be the leading Bitcoin offering firm in the world. Coinsfera is a safe and reliable place to buy or sell Bitcoin and a lot of other digital currencies including Ethereum and Tether. They are the premier OTC shop in the region and offer competitive rates with excellent customer service. Whether you're a first-time buyer or an experienced trader, they can help you make the most of your cryptocurrency investment. It allows users to pay with a variety of methods including cash and bank transfer. In addition to this, Coinsfera provides its customers with all the information related to its services on its website where people can check the latest prices and exchange rates for different digital currencies Now with Coinsfera, there's no need for long wait times or complicated procedures to purchase Bitcoin. People can simply walk into their physical store, andsell BTC in Dubaiin a few minutes. In another move that is sure to make it easier and faster for people to buy Bitcoin in Dubai, Coinsfera has announced that it will now be providing options for various bank transfer methods. This means that people who do not want to carry money in hand can simply transfer the amount through their bank and get Bitcoin in their wallet. In a city where the skyline is constantly changing, Coinsfera has also offered its customers to use Bitcoin tobuy apartments, villas, or any other type ofproperty in Dubai. The company's founder believes that this is just the beginning for Coinsfera and that they will take the cryptocurrency market in Dubai to the next level. He also added that he plans on expanding beyond real estate and luxury watches into a lot of other types of transactions With the launch of Coinsfera's revolutionary payment platform, it has become easier than ever for people to buysell Bitcoin in UAEwith cash and this service is not only in Dubai but is all over the world. The company's goal is to make payments for the purchase of digital currencies simple for everyone, and they are well on their way to doing so. Their innovative technology and team are poised to revolutionize the industry. Name:CoinsferaAddress: Jumeirah Lake Towers, Cluster F, Indigo-Icon tower - Office # 501 5th floor - Dubai - United Arab EmiratesPhone:+971 58 535 0505Email:[email protected] SOURCE:Coinsfera View source version on accesswire.com:https://www.accesswire.com/705372/Coinsfera-Offers-Fast-and-Secure-way-to-Sell-Bitcoin-in-Dubai... - Reddit Posts (Sample): [['u/AutoModerator', '[Daily Discussion] - Wednesday, July 20, 2022', 51, '2022-07-20 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/w3cjba/daily_discussion_wednesday_july_20_2022/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/w3cjba/daily_discussion_wednesday_july_20_2022/', 'w3cjba', [['u/cur5', 23, '2022-07-20 06:10', 'https://www.reddit.com/r/BitcoinMarkets/comments/w3cjba/daily_discussion_wednesday_july_20_2022/igviseo/', 'Trade\n\nBought @ 23.45k. \n\nTarget ~28k \n\nStop loss on a daily close under 22k.', 'w3cjba'], ['u/nuk8d', 16, '2022-07-20 08:50', 'https://www.reddit.com/r/BitcoinMarkets/comments/w3cjba/daily_discussion_wednesday_july_20_2022/igvxppz/', "I made this [post](https://www.reddit.com/r/BitcoinMarkets/comments/vvj0n1/daily_discussion_sunday_july_10_2022/ifllefj/?context=3) 10 days ago, about Russia/Gazprom potentially shutting off gas supplies to some European countries. That was when the 10 day 'planned maintenance' period started, and Russia continued to threaten cutting off supplies completely.\n\nI completely forgot to follow this, but the 10 day period is up, news broke around 48 hours ago that supplies are being turned back on as we speak, and Putin was trolling the West.\n\nThe tradfi/bitcoin price action aligns pretty well with these events so it might have been the good news narrative we needed to break up.\n\nAnyway, lower timeframes keep making bull pennants and breaking up. We've breached solidly from the tight daily bbands and they're beginning to diverge, meaning this move may have a lot of momentum. 26k is looking pretty damn close from here tbh.", 'w3cjba'], ['u/Antranik', 14, '2022-07-20 08:57', 'https://www.reddit.com/r/BitcoinMarkets/comments/w3cjba/daily_discussion_wednesday_july_20_2022/igvy92m/', 'Not if all these numb-nuts keep shorting every move up.', 'w3cjba'], ['u/Jip1210', 10, '2022-07-20 09:09', 'https://www.reddit.com/r/BitcoinMarkets/comments/w3cjba/daily_discussion_wednesday_july_20_2022/igvz7is/', "So there has to be news for a pump? It can't be supply and demand after a huge sell-off and long term holders locking up the coins.", 'w3cjba'], ['u/ad-hominem-nomnom', 27, '2022-07-20 09:51', 'https://www.reddit.com/r/BitcoinMarkets/comments/w3cjba/daily_discussion_wednesday_july_20_2022/igw2evi/', 'My daily, ‘the bottom is in post’, since the bottom on the 18th of June', 'w3cjba'], ['u/chrisgilesphoto', 13, '2022-07-20 12:35', 'https://www.reddit.com/r/BitcoinMarkets/comments/w3cjba/daily_discussion_wednesday_july_20_2022/igwemu7/', 'UK inflation reported at 9.4%\n\nWeeeeeee!', 'w3cjba'], ['u/thewardser', 35, '2022-07-20 13:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/w3cjba/daily_discussion_wednesday_july_20_2022/igwirt6/', 'stopped out again\n\nnew 10x short from $23,775 with stop loss at $24,001', 'w3cjba'], ['u/thewardser', 23, '2022-07-20 13:23', 'https://www.reddit.com/r/BitcoinMarkets/comments/w3cjba/daily_discussion_wednesday_july_20_2022/igwiywr/', 'we are basically right up on the resistance, today we either make a 10-20% move up or it finally goes down. Most likely my last day shorting before I turn bull(and the price drops 30% in a 10 minute candle :P)', 'w3cjba'], ['u/I_AM_DEATH-INCARNATE', 10, '2022-07-20 13:30', 'https://www.reddit.com/r/BitcoinMarkets/comments/w3cjba/daily_discussion_wednesday_july_20_2022/igwjk2z/', 'Stubborn but realistic', 'w3cjba'], ['u/thewardser', 11, '2022-07-20 13:32', 'https://www.reddit.com/r/BitcoinMarkets/comments/w3cjba/daily_discussion_wednesday_july_20_2022/igwjrte/', "the problem like I've said is that at this stage a loose stop is more dangerous because we could have a 10-15% BGD very quickly(similar to the pump from $4K to $5K last cycle). So the way I see it, if we do indeed make the big move, it won't matter where the stop it gets hit\n\nthe tight stop loss is basically insurance against that...and like it always is with insurance, you gotta pay a premium for more protection. \n\nplus I'm actually ahead here with this method...if i just had a generous stop since I started, my breakeven point would be about 25% lower than it is now.", 'w3cjba'], ['u/CasinoAccountant', 25, '2022-07-20 13:42', 'https://www.reddit.com/r/BitcoinMarkets/comments/w3cjba/daily_discussion_wednesday_july_20_2022/igwks8g/', 'well... mad respect that you keep posting this anyway', 'w3cjba'], ['u/dalectrics', 37, '2022-07-20 14:07', 'https://www.reddit.com/r/BitcoinMarkets/comments/w3cjba/daily_discussion_wednesday_july_20_2022/igwnfw2/', '/u/thewardser single handedly funding our bull run back to 100k', 'w3cjba'], ['u/CONTROLurKEYS', 15, '2022-07-20 14:16', 'https://www.reddit.com/r/BitcoinMarkets/comments/w3cjba/daily_discussion_wednesday_july_20_2022/igwog55/', "He's using stops and knows I validation before entering. Yall should try risk management too", 'w3cjba'], ['u/gozunker', 37, '2022-07-20 14:18', 'https://www.reddit.com/r/BitcoinMarkets/comments/w3cjba/daily_discussion_wednesday_july_20_2022/igwookg/', 'At this point I’m just here to see what Wardser’s next short is', 'w3cjba'], ['u/opst02', 13, '2022-07-20 14:29', 'https://www.reddit.com/r/BitcoinMarkets/comments/w3cjba/daily_discussion_wednesday_july_20_2022/igwpxoy/', 'we joke about him, but no one is posting trades anyway here..', 'w3cjba'], ['u/NLNico', 12, '2022-07-20 15:33', 'https://www.reddit.com/r/BitcoinMarkets/comments/w3cjba/daily_discussion_wednesday_july_20_2022/igwxz35/', 'That is [just Robinhood](https://www.reddit.com/r/BitcoinMarkets/comments/w2j429/daily_discussion_tuesday_july_19_2022/igqzdkn/) (if interested, click/follow all the links I shared, take some time eg 1h+ to understand it all and you shall know.)\n\nOverall, all those 61k BTC went to [1LQoWist8KkaUXSPKZHNvEyfrEkPHzSsCd](https://bitinfocharts.com/bitcoin/address/1LQoWist8KkaUXSPKZHNvEyfrEkPHzSsCd) which seems to be just a new kind of cold wallet setup for them (it does not seem to be another deposit/exchange address whatsoever.)', 'w3cjba'], ['u/lukemtesta', 13, '2022-07-20 15:35', 'https://www.reddit.com/r/BitcoinMarkets/comments/w3cjba/daily_discussion_wednesday_july_20_2022/igwy5sy/', 'Hi all,\n\nWe have firmly [broken out of the quarters falling wedge](https://imgur.com/a/4yUi4N9) that spread across all markets (crypto, equities, indices, etc.). We also broke out of the local ascending channel.\n\nThe volume profiles next mode up is between our \\increased target\\ at 28.5k - 31k (from triangle breakup to next major support + fib + profiling).\n\nRegarding weeks earnings reports: [Value-at-Risk (VaR) model for equity returns by sector](https://i.redd.it/ogktgzw7ioc91.png) following July 18th week is high - 5% satisfaction VaR: $0 in many cases! This can fuel the BTC move. Also, a likely 5-10% index return would push the SPX to resistance, igniting a wave 5 down to our 4-year bottom!\n\nIn an unlikely scenario, we can head up further to the .268 fib trendline at 40k.. but its unlikely.\n\nHappy trading.', 'w3cjba'], ['u/thewardser', 48, '2022-07-20 15:38', 'https://www.reddit.com/r/BitcoinMarkets/comments/w3cjba/daily_discussion_wednesday_july_20_2022/igwylhv/', 'stopped out\n\n\none last short, 10x short from $24,050 stop loss $24,430', 'w3cjba'], ['u/Shibenaut', 10, '2022-07-20 15:42', 'https://www.reddit.com/r/BitcoinMarkets/comments/w3cjba/daily_discussion_wednesday_july_20_2022/igwz29o/', 'Thank you for your service 🙏', 'w3cjba'], ['u/gozunker', 28, '2022-07-20 15:44', 'https://www.reddit.com/r/BitcoinMarkets/comments/w3cjba/daily_discussion_wednesday_july_20_2022/igwzfsp/', 'Well, the rainbow chart just crossed up to the next band, honestly did not expect that so soon.', 'w3cjba'], ['u/de_moon', 38, '2022-07-20 15:48', 'https://www.reddit.com/r/BitcoinMarkets/comments/w3cjba/daily_discussion_wednesday_july_20_2022/igwzxe1/', 'He told you. His target is to get stopped out again at $24,430.', 'w3cjba'], ['u/aaj094', 10, '2022-07-20 16:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/w3cjba/daily_discussion_wednesday_july_20_2022/igx1m05/', '>one last short, 10x short from $24,050 stop loss $24,430\n\nExactly what is the sense of these shorts? I mean there is no resistance as such in this area. It was known to be thin air between 22K and 27K. What is the thesis behind this dug heel top chasing?', 'w3cjba'], ['u/Dr_collar_pauper', 17, '2022-07-20 16:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/w3cjba/daily_discussion_wednesday_july_20_2022/igx26k6/', 'I really appreciate you posting all of these trades, even though you’re getting rekt.', 'w3cjba'], ['u/fulltrottel', 15, '2022-07-20 16:13', 'https://www.reddit.com/r/BitcoinMarkets/comments/w3cjba/daily_discussion_wednesday_july_20_2022/igx3if6/', 'Bro, I really want to thank you for the Entertainment in the last weeks. I wise you more luck in the Bull Side.', 'w3cjba'], ['u/aaj094', 16, '2022-07-20 16:19', 'https://www.reddit.com/r/BitcoinMarkets/comments/w3cjba/daily_discussion_wednesday_july_20_2022/igx4e9j/', 'I am making no near term predictions but it seems incredibly bullish that there is so immense disbelief about any rise at this point. All that can be said about last two years or so is that the corn has constantly gone contrary to most near term expectations. Give me an example of otherwise. Woo got fed up of this.', 'w3cjba'], ['u/satoshi... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Key Insights: It was a mixed Wednesday session for the crypto top ten, with Dogecoin (DOGE) avoiding the red to buck the market trend. News Tesla Inc. (TSLA) selling 75% of its bitcoin (BTC) holding weighed. The total crypto market cap fell by $17 billion to end the day at $1,018 billion. It was a mixed Wednesday session for the crypto top ten. Bitcoin ( BTC ) hit $24,000 before falling into the red, while Dogecoin (DOGE) enjoyed a bullish session. Crypto network updates failed to provide support. The downside aligned with 24-hour liquidation figures for Tuesday and Wednesday morning that pointed to a pullback. Following the market reaction to the Ethereum ( ETH ) Merge and Cardano Vasil hard fork dates, Polygon ( MATIC ) network news failed to provide support. On Wednesday, the Polygon team introduced zkEVM. Using zero-knowledge proof technology, Polygon delivers Ethereum scaling that will boost throughput, reduce latency, and save on fees. According to the announcement, “The basic approach to scaling Ethereum with ZK proofs is to build a ZK rollup, a Layer 2 protocol which “rolls up” a large batch of transactions and proves all of them to the Ethereum network with a single \xa0ZK validity proof.” Mid-week, the broader crypto market tracked the NASDAQ 100 into positive territory. A post-US-market close sell-off did the damage, with news of Tesla Inc. ( TSLA ) offloading 75% of its bitcoin holdings weighing. On Wednesday, the NASDAQ 100 rose by 1.58%, following a Tuesday 3.11% rally. At the time of writing, the NASDAQ 100 Mini was down 39 points. Total Market Cap – NASDAQ – 210722 5 Min Chart The Total Crypto Market Cap Sees Tesla Driven Loss A bullish start to the Wednesday session saw the total crypto market cap rise to a day high of $1,071 billion. A post-US-market close reversal, however, saw the crypto market cap slide to a day low of $1,003 billion before steadying. Despite the pullback, the total crypto market cap avoided a fall to sub-$1 trillion, with the market cap falling by $17 billion on the day. Story continues Notable moves across the crypto top ten was a bitcoin return to $24,000 to bring the all-important $25,000 handle into reach. Total Market Cap 210722 Daily Chart The Crypto Market Movers and Shakers from the Top Ten and Beyond Dogecoin ( DOGE ) bucked the top-ten crypto trend, rising by 1.66%. It was a bearish session for the rest of the majors, with SOL sliding by 6.30% to lead the way down. ADA (-4.84%), BNB (-3.87%), and XRP (-2.65%) also struggled, while BTC (-0.76%) and ETH (-1.33%) saw relatively modest losses. From the CoinMarketCap top 100, Lido DAO ( LDO ) and Monero ( XMR ) led the way alongside DOGE. LDO rose by 3.45%, with XMR gaining 3.42%. Leading the way down, however, were Quant ( QNT ), Arweave ( AR ), and Polygon (MATIC). AR slid by 10.89%, with QNT and MATIC seeing losses of 9.87% and 9.22%, respectively. Nexo ( NEXO ), Internet Computer ( ICP ), and Ethereum Classic ( ETC ) also struggled. Total Crypto Liquidations Fall Further to Suggest a Bullish Session On Thursday, 24-hour liquidations eased again, pointing to more favorable market conditions. While down from levels seen earlier this week, 24-hour liquidations remained elevated. This morning, 24-hour liquidations stood at $338 million, down from $582 million on Wednesday. Liquidated traders also eased over the last 24 hours, suggesting better market conditions. At the time of writing, liquidated traders stood at 98,758 versus 104,735 on Wednesday morning. While 24-hour liquidation levels eased back, one-hour and four-hour liquidations were up from Tuesday. According to Coinglass , one-hour liquidations stood at $6.90 million, up from $2.84 million on Wednesday. Four-hour liquidations stood at $101.16 million, up from $45.66 million on Wednesday. Total Crypto Liquidations 210722 The one-hour and four-hour liquidation levels reflected the post-US market close sell-off and the final hour partial recovery. (See hourly total crypto market cap chart below). Total Market Cap 210722 Hourly Chart Daily News Highlights Tesla Inc. sold 75% of its bitcoin holdings in the second quarter. The UK announced a new financial bill to regulate stablecoins. 21Shares unveiled S&P risk-controlled Ethereum and Bitcoin ETPs. This article was originally posted on FX Empire More From FXEMPIRE: Nord Stream 1 gas pipeline nominations show rise for Thursday -operator website Givaudan confirms mid-term targets as input costs hit margins BOJ retains easy policy, defies global tightening tide Ranil Wickremesinghe sworn in as Sri Lankan president Tissue maker Essity’s profit just beats forecasts Oil prices extend losses as demand concerns outweigh tight supply', 'Key Insights: It was a mixed Wednesday session for the crypto top ten, with Dogecoin (DOGE) avoiding the red to buck the market trend. News Tesla Inc. (TSLA) selling 75% of its bitcoin (BTC) holding weighed. The total crypto market cap fell by $17 billion to end the day at $1,018 billion. It was a mixed Wednesday session for the crypto top ten. Bitcoin ( BTC ) hit $24,000 before falling into the red, while Dogecoin (DOGE) enjoyed a bullish session. Crypto network updates failed to provide support. The downside aligned with 24-hour liquidation figures for Tuesday and Wednesday morning that pointed to a pullback. Following the market reaction to the Ethereum ( ETH ) Merge and Cardano Vasil hard fork dates, Polygon ( MATIC ) network news failed to provide support. On Wednesday, the Polygon team introduced zkEVM. Using zero-knowledge proof technology, Polygon delivers Ethereum scaling that will boost throughput, reduce latency, and save on fees. According to the announcement, “The basic approach to scaling Ethereum with ZK proofs is to build a ZK rollup, a Layer 2 protocol which “rolls up” a large batch of transactions and proves all of them to the Ethereum network with a single \xa0ZK validity proof.” Mid-week, the broader crypto market tracked the NASDAQ 100 into positive territory. A post-US-market close sell-off did the damage, with news of Tesla Inc. ( TSLA ) offloading 75% of its bitcoin holdings weighing. On Wednesday, the NASDAQ 100 rose by 1.58%, following a Tuesday 3.11% rally. At the time of writing, the NASDAQ 100 Mini was down 39 points. Total Market Cap – NASDAQ – 210722 5 Min Chart The Total Crypto Market Cap Sees Tesla Driven Loss A bullish start to the Wednesday session saw the total crypto market cap rise to a day high of $1,071 billion. A post-US-market close reversal, however, saw the crypto market cap slide to a day low of $1,003 billion before steadying. Despite the pullback, the total crypto market cap avoided a fall to sub-$1 trillion, with the market cap falling by $17 billion on the day. Story continues Notable moves across the crypto top ten was a bitcoin return to $24,000 to bring the all-important $25,000 handle into reach. Total Market Cap 210722 Daily Chart The Crypto Market Movers and Shakers from the Top Ten and Beyond Dogecoin ( DOGE ) bucked the top-ten crypto trend, rising by 1.66%. It was a bearish session for the rest of the majors, with SOL sliding by 6.30% to lead the way down. ADA (-4.84%), BNB (-3.87%), and XRP (-2.65%) also struggled, while BTC (-0.76%) and ETH (-1.33%) saw relatively modest losses. From the CoinMarketCap top 100, Lido DAO ( LDO ) and Monero ( XMR ) led the way alongside DOGE. LDO rose by 3.45%, with XMR gaining 3.42%. Leading the way down, however, were Quant ( QNT ), Arweave ( AR ), and Polygon (MATIC). AR slid by 10.89%, with QNT and MATIC seeing losses of 9.87% and 9.22%, respectively. Nexo ( NEXO ), Internet Computer ( ICP ), and Ethereum Classic ( ETC ) also struggled. Total Crypto Liquidations Fall Further to Suggest a Bullish Session On Thursday, 24-hour liquidations eased again, pointing to more favorable market conditions. While down from levels seen earlier this week, 24-hour liquidations remained elevated. This morning, 24-hour liquidations stood at $338 million, down from $582 million on Wednesday. Liquidated traders also eased over the last 24 hours, suggesting better market conditions. At the time of writing, liquidated traders stood at 98,758 versus 104,735 on Wednesday morning. While 24-hour liquidation levels eased back, one-hour and four-hour liquidations were up from Tuesday. According to Coinglass , one-hour liquidations stood at $6.90 million, up from $2.84 million on Wednesday. Four-hour liquidations stood at $101.16 million, up from $45.66 million on Wednesday. Total Crypto Liquidations 210722 The one-hour and four-hour liquidation levels reflected the post-US market close sell-off and the final hour partial recovery. (See hourly total crypto market cap chart below). Total Market Cap 210722 Hourly Chart Daily News Highlights Tesla Inc. sold 75% of its bitcoin holdings in the second quarter. The UK announced a new financial bill to regulate stablecoins. 21Shares unveiled S&P risk-controlled Ethereum and Bitcoin ETPs. This article was originally posted on FX Empire More From FXEMPIRE: Nord Stream 1 gas pipeline nominations show rise for Thursday -operator website Givaudan confirms mid-term targets as input costs hit margins BOJ retains easy policy, defies global tightening tide Ranil Wickremesinghe sworn in as Sri Lankan president Tissue maker Essity’s profit just beats forecasts Oil prices extend losses as demand concerns outweigh tight supply', 'Solar stocks could be in theory the hottest stocks to trade now, not because it is summer. It is mostly because the temperature is high and solar companies could provide a long-term solution to energy efficiency, clean energy, and to lowering energy costs driving down the inflation that remains at very high historic levels. These solar stocks to sell should come as no surprise as there are credible arguments to back this decision. 7 Best AI Stocks to Buy Now Let’s have an analytical view on why to sell these solar stocks or avoid them should you consider buying them. Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-07-21 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $437,752,088,250 - Hash Rate: 199187652.45519632 - Transaction Count: 273976.0 - Unique Addresses: 686329.0 Social & AI Sentiment: - Fear & Greed Index: 0.34 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: AMC Entertainment Holdings (NYSE: AMC ) is on its knees again. AMC stock is down over 56.6% YTD and off over 80.6% from a year ago when it peaked at $60.73. The country’s largest movie chain has to hope that the new summer viewing season will be a huge blockbuster box office season. Certainly the Top Gun: Maverick movie from Paramount starring Tom Cruise has helped it get off to a good start. As of Jun. 16, it grossed over $415.9 million just two weeks from release on Memorial Day, according to The Numbers . And there is no question that the number of large budget films and movies, in general, will top that in 2022. For example, there were 403 total films released in 2021, up slightly from 334 in 2020, according to Statista . That is down from 792 in 2019 and 873 in 2018. This year alone, the film industry it set to easily top the 2021 number, which will flow straight into revenue at AMC Entertainment. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Ticker Company Price AMC AMC Entertainment Holdings, Inc. $11.79 Forecasts for AMC For example, analysts now project revenue will hit $4.4 billion, up from $2.53 billion last year or 73.9% year-over-year. More importantly in 2023, analysts project revenue topping $5.2 billion, up 18.2% in 2023 over 2022. 7 Long-Term Stocks That Never Go Out of Style That should lead to the company becoming free cash flow (FCF) positive, recession or not. AMC produced less than stellar results on May 9 for the quarter ending Mar. 31. The movie chain reported that FCF was negative $329.8 million . That is not good for AMC stock, at least in the near term. The reason is that it needs to pay down debt to get rid of its $82 million in quarterly interest expenses. AMC Entertainment still has gross debt of $5.522 billion. After cash and cash equivalents of $1.165 billion, its net debt is $3.84 billion. Without positive FCF, it won’t be able to pay down debt and begin paying a dividend to shareholders. Story continues For example, analysts are still projecting negative earnings not only for 2022, but also for 2023 . Without positive FCF, it won’t get back into the black earlier. Moreover, it has been over two years since the company has paid a dividend. That is what helps the stock stay stable in rough periods like we are going through now. The last dividend it paid was in first-quarter (Q1) 2020, and that was severely reduced from Q4 2019. What to Do With AMC Entertainment The average price target of seven analysts covered by Refinitiv is $9.95 per share . That is over $2 below AMC stock on Jun. 16 at $11.79. Analysts just don’t see a turnaround happening anytime soon. Maybe it makes sense to see if the stock will float down further. I don’t see that there is any plan for the company to start producing positive FCF. In fact, the latest reports on the stock have been downgraded by several analysts. All eyes will be on the upcoming quarterly report probably by the end of July. Analysts are looking for good news and for reasons to change their opinion on the future forecasts, or frankly to change their models on the company. What AMC Stock Is Worth This is probably too pessimistic. As I pointed out last month, with just a 5% FCF margin, when revenue is forecast to hit $5.26 billion, AMC will generate $263 million in FCF. Here is how this affects the valuation of AMC stock. If we use a 3% FCF yield metric to value AMC stock, the target market capitalization (cap) works out to $8.766 billion. This is because using a 3% FCF yield is the same as multiplying the FCF estimate by 33.3 times. So $263 million x 33.3 equals $8.766 billion in target market cap. That number is 44.9% over AMC’s market cap of $6.05 billion on Jun. 16. That implies that AMC stock is worth about $17 per share (i.e., 44.9% higher than the $11.79 price today). In other words, a slight increase in its FCF margin will bring a huge gain in AMC stock. Analysts will be looking to see if that is getting close to happening with its Q2 results. On the date of publication, Mark Hake did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines More From InvestorPlace $200 Oil Sooner Than You Think – Buy This Now Stock Prodigy Who Found NIO at $2… Says Buy THIS Early Bitcoin Millionaire Reveals His Next Big Crypto Trade “On Air” It doesn’t matter if you have $500 in savings or $5 million. Do this now. The post AMC Stock Is Scraping the Bottom Again as the Summer Season Starts appeared first on InvestorPlace .... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening:\nPrices:Bitcoin trades sideways to hold above $23K; altcoins surge.\nInsights:Tesla\'s jettisoning of $936 million in BTC suggests it does not really believe in the asset.\nCatch the latest episodes ofCoinDesk TVfor insightful interviews with crypto industry leaders and analysis. Andsign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context.\nHi, I\'m James Rubin, here to take you through the day\'s crypto market highlights and news.\nBitcoin (BTC):$23,144 -.6%\nEther (ETH):$1,578 +3.2%\n[{"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+13.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "+8.6%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+5.7%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Bitcoin", "Ticker": "BTC", "Returns": "\\u22120.5%", "DACS Sector": "Currency"}, {"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "\\u22120.4%", "DACS Sector": "Currency"}]\nBitcoin Drops; Altcoins Rise\nBitcoin fell slightly in Thursday trading as investors continued to absorb the aftershocks of Tesla\'s (TSLA) decision to shed $936 million in bitcoin from its balance sheet during its second quarter.\nThe largest cryptocurrency by market capitalization was recently trading at about $23,100, down more than a half percentage point over the past 24 hours. The second, consecutive daily decline following an early week rally underscored Tesla CEO Elon Musk\'s influence among digital asset investors. Musk\'s utterances about bitcoin and dogecoin (DOGE) have sent markets for those assets intermittently soaring and plunging for much of the past two years.\n"Bitcoin was showing signs of a potentially meaningful breakout, but that quickly came to an end after Tesla reported earnings," Oanda Americas Senior Analyst Edward Moya wrote in an email.\nYet, Moya noted that traders should not have been surprised by Musk\'s support of the sale, given the crypto winter and comments he make a month ago at the Qatar Economic Forum that he had not recommended people invest in crypto.\nMoya added optimistically: "This is not a game changer for bitcoin."\nEther, the second-largest crypto by market cap, was changing hands just below $1,600, up more than 3% over the same period. Other major altcoins were in the green of a mostly dark shade, with Cosmos\' ATOM and Polygon\'s MATIC climbing more than 13% and 8%, respectively, at one point.\nEquity indexes rise\nEquity markets also rose on Thursday, albeit less robustly than cryptos. The tech-heavy Nasdaq jumped 1.3% while the S&P 500 increased almost a percentage point, respectively. Stocks have found even ground lately amid better-than-expected earnings reports from a number of major brands, most recently Tesla and Netflix (NFLX).\nInvestors have also been encouraged by reports that the U.S. central bank\'s Federal Open Market Committee (FOMC) would raise interest rates by 75 basis points instead of opting for a more robust 100-point hike. The mildly, less hawkish turn has suggested to some observers that inflation may soon stall without the economy plunging into recession. A Thursday report showing jobless claims in the U.S. reaching an eight-month high offered the latest evidence of a more desirable, gradual economic weakening.\nStill, rising prices remain a concern in the U.S. and beyond as the European Central Bank raised borrowing costs for the first time in 11 years.\nMeanwhile, the crypto industry continued to suffer the fallout from the ongoing bear market, with cryptocurrency exchangeBlockchain.comcutting 25%of its workforce – about 150 people. Blockchain.comfollows recent layoffsat a number of other large crypto exchanges worldwide, including Coinbase (COIN), Bullish, Bitso and Buenbit.\nOther news was more upbeat with banking giant JPMorgan (JPM)saying in a reportthat demand among retail investors in the crypto market was improving, and that the "intense phase" of deleveraging appeared to be over. And decentralized finance (DeFi) trading platform Hashflowclosed a $25 millionSeries A funding round at a valuation of $400 million.\nMoya expects trading to remain volatile until the FOMC meets. "Bitcoin could be in for a choppy period until we get beyond next week’s FOMC decision," Moya wrote.\nS&P 500: 3,998 +0.9%\nDJIA: 32,036 +0.5%\nNasdaq: 12,059 +1.3%\nGold: $1,719 +1.3%\nTesla: Wither the Bitcoin Macro Proxy?\nBy Sam Reynolds\nLet’s rewind to the zenith of 2021’s first-quarter bull market. Bitcoin was on an absolute tear and retail investors were clamoring for more and more of it.\nBut for those uncomfortable with buying bitcoin on an exchange and storing it in a wallet, there wasn’t really any other way of getting exposure to the asset class. The U.S. Securities and Exchange Commission, still, as of mid-2022, hasn’t approved a bitcoin exchange-traded fund. While bitcoin ETFsbegan trading in Torontoin April of 2021, not every brokerage in the U.S. can access the Toronto stock exchange.\nSo the idea of the bitcoin macro proxy was born. These are stocks of a company that has exposure to bitcoin and would allow the trader to realize some of bitcoin’s gains without holding the actual asset.\nIn theory, this is different from companies that are directly involved in the bitcoin industry like miners or payment processors. These firms would need to have bitcoin on the balance sheet for its utility. Abitcoin proxywould have it on the balance sheet for financial gain.\nTesla and MicroStrategy (MSTR) are examples of these proxies. Unlike Block (SQ), theentity formerly known as Square, which is also publicly listed, Tesla and MicroStrategy have no practical use for bitcoin.\nFor a while, Tesla offered U.S. consumers the option to purchase a vehicle with bitcoin. It\'s not clear if anyone took the carmaker up on its offer partially because of thecomplexity of payment but also the unclear tax implicationsof liquidating bitcoin for a purchase.\nSo without a practical use for bitcoin, and theimpairment costs skyrocketing, Tesla jettisoned $936 million of it (75%) during the last quarter. Company executives cited liquidity concerns as the reason, as sales in China have ground to a halt due to the country’s strict COVID-19 measures.\nBut this reason is a non-starter as institutional-grade crypto lending services, like Gemini Prime, could have easily fulfilled an order for a few hundred million dollars-for-bitcoin. That’s if Tesla actually believes in the longevity of bitcoin.\nAnd for those who bought Tesla as a bitcoin proxy instead of the coin itself, they would have outperformed crypto. Year to date, bitcoin is down around 50%. Tesla, only down 38%.\nRemarkable for a company that at one time in 2021made more moneyon its bitcoin investment than from selling cars.\n8:30 a.m. HKT/SGT(12:30 a.m. UTC):Jibun Bank manufacturing PMI(July preliminary)\n8:30 a.m. HKT/SGT(12:30 a.m. UTC):Jibun Bank bank services PMI(July preliminary)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin, Altcoins Dip as ECB Raises Rates 50 Basis Points, First Hike in 11 Years\nFollowing the European Central Bank\'s decision to raise interest rates higher than expected to fight inflation, "First Mover" examined the impact on crypto markets. JJ Kinahan, CEO of IG North America, joined the markets discussion. Also, the latest on South Korea\'s raids on crypto exchanges. Ki Young Ju, CEO of CryptoQuant, joined the show from South Korea. Plus, Marathon Digital (MARA0 CEO Fred Thiel discussed how the bitcoin mining giant and the overall mining sector are doing.\nTesla\'s Musk Remains Open to Buying More Bitcoin After Selling in Q2 to Raise Cash:Tesla CEO Elon Musk said the EV company could add to its bitcoin position again in the future, but wanted to boost its cash position.\nBank of America Survey\'s Extreme Pessimism Might Be Contrarian Indicator:Bank of America\'s monthly fund manager survey, conducted between July 8 and July 15, shows dire levels of investor pessimism and increased preference for cash.\nEx-Coinbase Manager Among 3 Arrested on Crypto Insider Trading Charges:The SEC also brought charges.\nWhat Tesla’s Big Bitcoin Sale Means for Other Firms Putting Crypto on Their Balance Sheets:Corporations are likely to remain cautious on adding bitcoin to their corporate treasuries, but not because of Tesla’s move.\nZipmex Confirms Loans Worth $53M to Babel and Celsius:CoinDesk reported Wednesday that the exchange\'s financial difficulties link back to crypto lender Babel Finance.\nIs the Ethereum ‘Merge’ Driving This Rally?:A proposed date for the transition from a proof-of-work to proof-of-stake protocol signaled a return of optimism to crypto markets.\nOther voices:Market Rout Shows Dangers of Margin Lending, Crypto Style(The Wall Street Journal)\n"Firstly, I would like to sincerely apologize for the panic that has been created by the sudden announcement of us pausing withdrawals. I understand that many of you are concerned and rightly so. I would like to be completely transparent with all of you who have put your faith in Zipmex, whether you’ve been a customer for a long time, or only just started with us recently. We’ve been facing some liquidity issues with counterparties that Zipmex had assets with. The tokens affected are BTC, ETH, USDC and USDT that were specifically in ZipUp+. As such we had to halt withdrawals while we recoup the rest of our funds. Regulators have been informed and are aware of our movements, as well as our investors." (Email to Zipmex customers) ... "If you sell 75% of your bitcoin, you will only have 25% of your#bitcoinleft." (MicroStrategy CEO Michael Saylor)', 'Good morning. Here’s what’s happening: Prices: Bitcoin trades sideways to hold above $23K; altcoins surge. Insights: Tesla\'s jettisoning of $936 million in BTC suggests it does not really believe in the as Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-07-22 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $440,233,451,044 - Hash Rate: 181711862.6387281 - Transaction Count: 263276.0 - Unique Addresses: 650694.0 Social & AI Sentiment: - Fear & Greed Index: 0.33 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Don't miss CoinDesk's Consensus 2022 , the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12. El Salvadors bitcoin ( BTC ) holdings are now valued at $51.5 million, worth about half of the $104 million the country has invested in the cryptocurrency for its treasury in the 10 months since it made bitcoin legal tender last September. Bitcoins price at press time was $22,400. President Nayib Bukele has announced 10 purchases of bitcoin since September 2021, with the country at last check holding 2,301 bitcoins acquired at an average price of $45,171 each. The countrys most recent buy was on May 9 , when Bukele stepped in front of bitcoins decline then to purchase 500 coins for $15.3 million, or an average price of $30,744 each. Bukele, to this point, hasn't announced any purchases during the plunge of the past few days. On Monday, El Salvador Finance Minister Alejandro Zelaya said the bitcoin losses posed extremely minimal risk to his countrys fiscal position, noting the amount is less than 0.5% of the government's budget. He also is that any loss for now is unrealized because the country hasnt sold any of its coins.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin Balloon 2 Andriy Onufriyenko Some minority investors say crypto is still an important investment even after this year\'s big crash. According to a survey, 25% of Black investors own cryptocurrency compared to 15% of white investors. Experts have expressed concern around minority investors\' exposure to risks in the crypto market. In 2013, as crypto was creeping into the mainstream, Cleve Mesidor was working as an appointee in the Obama administration\'s Department of Commerce. As a favor to a friend, Mesidor helped pen a press release about bitcoin. Though fairly uninterested and unimpressed at the time, in just a few years Mesidor would find herself steeped in the world of crypto, quitting her job to become a full time representative of the industry and a committed investor. The awakening to the world of crypto came a few years after Mesidor helped with her friend\'s press release, when she watched "Dope" , a movie about a group of Black teenagers who use bitcoin to thwart a financial criminal. The film, she said, sparked a vision in her mind of crypto as a path to racial equity,\xa0a tool for people who had been either accidentally or deliberately left out of the traditional financial system. That kind of awakening is a common experience for minority investors who say they\'re bullish on crypto — and who continue to hold even as the market suffers through a steep sell-off this year. The losses, they say, are inconsequential to the overall objective of the project, with tokens like bitcoin and ethereum providing a sense of freedom, and the potential to level the playing field with those who have never experienced discrimination from lenders or bankers. Jacob Faber, an NYU professor and an expert in social inequality, told Insider that the perspective of people like Mesidor was likely a result of a long history of discrimination in the financial system, with well documented evidence of bias in everything from opening bank accounts to getting a mortgage to getting a loan to start a business. Story continues A survey by Ariel Investments and Charles Schwab released in April showed 28% of Black Americans say they distrust banks, compared to just 18% of White Americans. 56% also reported not feeling respected by financial institutions — something Mesidor can relate to. She recalled experiences of her and her family having loan applications denied or being treated poorly by bank employees. "I wasn\'t even taken seriously. You know, when somebody is just like, \'why are you wasting my time?\'" Mesidor said. "Get a degree. We did that. Get a good paying job with benefits, did that. And still it\'s not enough." The result over time has been that many Black and minority investors are either locked out or shy away from traditional investment opportunities that may be offered to white investors, and possibly lured by decentralized (and often riskier) investments. Only 34% of Black Americans own stocks compared to 61% of white Americans, according to the Federal Reserve Board, but that ratio is flipped when it comes to cryptocurrency. Among Black investors, 25% own crypto compared to just 15% of white investors, Ariel and Charles Schwab reported. That also means that Black investors may have more significant exposure to 2022\'s crypto crash, which has slashed the total market value by about $2 trillion since last November and sent bitcoin tumbling from $69,000 to just over $20,000. But Mesidor feels the trend towards digital assets is only natural for Black investors. "If traditional finance has worked for you, you see crypto as risky. You see it as speculative. For those of us who have been locked out, traditional finance is risky," she said. "Asking for a loan is risky. You know the answer, right?" Crypto has been touted as an egalitarian form of finance, away from banks and their conscious or unconscious biases. It\'s the beauty of what Mesidor refers to as "self-sovereign identity" — you don\'t need government attention to build the same wealth as your peers. Yet, others are more skeptical. "The proliferation of cryptocurrencies and non-fungible assets has become a kind of Ponzi scheme," NYU\'s Faber said of the trend, adding that any aspirations toward racial equity disguised the industry\'s risks, which could in fact further erode minority wealth. "The idea that this can be a democratizing currency is not supported by the facts at all," Faber said. And yet, Black investors are still twice as likely to say crypto is their best investment option, according to Ariel and Charles Schwab. After years of research, Mesidor ended a career in politics and dove into crypto full-time in 2017 as head of her non-profit Blockchain Foundation. She is unfazed by bitcoin\'s plunge, noting that this isn\'t her first crypto winter, but her third. "We\'ve learned that get-rich-quick schemes in this society rarely benefit us," Mesidor said. "This is not about, \'oh my god, the price of crypto\'. It\'s about building products and services, breaking down barriers, creating access for people." She says she is in the market for the long haul, and among thousands of tokens, she\'s bullish on the biggest. "I think bitcoin is my north star in terms of crypto," Mesidor said. Read the original article on Business Insider', "The bear market that’s hitting all corners of the digital assets industry isn't over yet and could see some more pain over the next few quarters, according to crypto-focused bank Silvergate Capital (SI).\nThe crypto sector may still experience a few areas of pain for some exchanges and crypto funds over the next few quarters, “but at some point all of that will be done, and then we'll just be waiting for what's the next catalyst,” CEO and former TradFi banker Alan Lane told CoinDesk in an interview.\nHowever, investors shouldn’t compare the current crypto price slide to previous ones given the broader global economic reset as digital assets have fallen with macro trends including rising rates and inflationary pressures, Lane said.\nShares of Silvergate are down 42% this year, though they’ve jumped 33% over the last week. The VanEck Digital Transformation Exchange-Traded Fund (DAPP), which holds a basket of various crypto stocks including exchange Coinbase (COIN) and miner Marathon Digital (MARA), has fallen 67% this year, but risen 15% over the last week. Rising rates and recession fears have hurt global equity markets, especially stocks deemed to be riskier. The tech-heavy Nasdaq Composite Index has retreated about 25% year to date.\nGiven the crypto downturn,analysts anticipatea weak quarter for various crypto companies from exchanges to miners, but Silvergate’ssecond-quarter earningsbucked the trend.\nThe Silvergate Exchange Network (SEN), a fiat on-ramp forbitcoin(BTC) markets, posted a 34% rise in U.S. dollar transfers during the second quarter compared to last year, while net income rose 85% year over year.\nLane said the way Silvergate avoided the pitfalls of the bear market is by sticking to what the bank knows best and by not chasing FOMO. “We really try to stay in our lane and not chase the latest fad, but really just focus on what we do well, and essentially just solving problems for our customers,” Lane said.\nInvestment bank Canaccord Genuity thinks risk management was a key contributor to Silvergate’s positive earnings results. “What perhaps was the biggest long-term positive for the story was a risk management program that resulted in no loan writedowns, despite significant crypto spot price volatility and some default contagion across the broader ecosystem,” Canaccord equity research analyst Joe Vafi said in a note to clients.\nVafi also expects Silvergate to double its earnings over the next few years given various growth drivers that the company is embarking on. He rates the stock with a buy and $200 price target; shares closed at $86.50 apiece on Friday.\nAmid the recent collapses of several over-leveraged crypto-linked financial institutions, Lane remains positive on using bitcoin for its lending program.\n“We're absolutely still interested in lending against bitcoin,” Lane said. “We believe that is some of the best lending we've ever done, and we want to continue to grow that.”\nMost recently, Silvergate utilized its SEN Leverage program in a$205 million term loan to Michael Saylor’s MicroStrategy(MSTR) so the business intelligence firm could purchase more bitcoin.\nLane said the lending platform was built with the acknowledgement it would come with volatility, and says the recent crypto rout was a good stress test for Silvergate to show it can withstand volatility in its lending business model.\nCertain lenders that have had problems included those offering clients unsecured or under-collateralized loans, while Silvergate requires over-collateralization, according to Lane. If market headwinds persist, a borrower can pay down its loan, pledge more bitcoin or Silvergate can make the decision to liquidate some bitcoin on one’s behalf if necessary.\nIn January, Silvergatebought the technology and other assets from Diem, the stablecoin project from Meta Platforms (formerly Facebook) first announced as Libra back in June 2019.\n“While details remain few, the assets acquired from Diem do indeed provide a solid platform for a stablecoin for e-commerce, and we cannot but believe that demand both from payments platforms and merchants could be strong over time,” Canaccord’s Vafi added in his note to clients.\nSilvergate said on its earnings conference call that its stablecoin launch remains on track for this year.\nRead more:Silvergate's Acquisition of Diem's Assets Positive for Stablecoin Launch, Analysts Say", "The bear market that\x92s hitting all corners of the digital assets industry isn't over yet and could see some more pain over the next few quarters, according to crypto-focused bank Silvergate Capital (SI). The crypto sector may still experience a few areas of pain for some exchanges and crypto f Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-07-23 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $438,302,758,969 - Hash Rate: 211997173.07851613 - Transaction Count: 223744.0 - Unique Addresses: 572761.0 Social & AI Sentiment: - Fear & Greed Index: 0.31 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Key Insights: Going into the US session, market focus on Fed Chair Powell’s first day of testimony weighed on riskier assets. Powell’s testimony and the Q&A delivered riskier assets and the crypto market with brief support. Technical indicators are bearish, with bitcoin sitting below the 50-day EMA. Following a modest 0.72% gain on Tuesday, bitcoin ( BTC ) was under pressure through the morning session. Market angst weighed on riskier assets, with the fear of a global recession weighing ahead of today’s Fed Chair Powell testimony. Through the morning session, BTC slid by 3.63% to a morning low of $19,947 before making a move. Across the crypto market, the mood aligned with the NASDAQ 100 and WTI crude oil. Sentiment improved, however, through Powell’s testimony, with the NASDAQ 100 and bitcoin hitting day highs before easing back. Fed Chair Powell delivered brief market relief, despite the Fed’s commitment to bring inflation back to 2%, which pegged bitcoin back from a return to $21,000. BTC-NASDAQ 220622b 5-Minute Chart Fed Chair Powell Testimony Delivered Support to Riskier Assets In line with market expectations, Fed Chair Powell discussed the need to continue hiking rates to bring inflation back to target. According to FX Empire , Powell noted , “We anticipate that ongoing rate increases will be appropriate; the pace of those changes will continue to depend on the incoming data and the evolving outlook for the economy.” For riskier assets, Powell’s reference to the influence of incoming data and the economic outlook on the Fed interest rate path eased immediate concerns of a hard landing. However, support for riskier assets was brief, with the FOMC projecting a Fed Funds Rate of 3.8% for 2023. Bitcoin (BTC) Price Action At the time of writing, BTC was up 0.54% to $20,811. A bearish morning saw BTC fall to a low of $19,947. BTC briefly fell through the First Major Support Level at $20,124 to test support at $20,000 before striking a high of $20,857. BTCUSD 220622b Daily Chart BTC Technical Indicators A move through the $20,912 pivot would bring the First Major Resistance Level at $21,484 and the Tuesday high of $21,695 into play. Story continues BTC would need plenty of support for a return to $21,000. An extended rally would test the Second Major Resistance Level at $22,266 and resistance at $22,500. The Third Major Resistance Level sits at $23,623. Failure to move through the pivot would bring the First Major Support Level at $20,129 back into play. In the event of another extended sell-off, bitcoin could test the Second Major Support Level at $19,553 and support at $19,000. The Third Major Support Level sits at $18,199. BTCUSD 220622b Hourly Chart Looking at the EMAs and the 4-hourly candlestick chart (below), it is a bearish signal. Bitcoin sits below the 50-day EMA, currently at $21,415. Today, the 50-day EMA fell back from the 100-day EMA. The 100-day EMA eased back from the 100-day EMA, bitcoin price negative. The bitcoin pullback from the 50-day EMA on Tuesday brought $20,000 support back into play. A move through the 50-day EMA would give the bulls a look at $22,500. BTCUSD 220622b 4 Hourly Chart This article was originally posted on FX Empire More From FXEMPIRE: Wall Street ends little changed after Powell remarks Twitter tests long-form text feature called ‘Notes’ Explainer-Biden’s U.S. fuel tax holiday plan no easy relief for gas prices Russian troops ‘executed’ photographer in Ukraine, press group says Wildfire in southwest Turkey whipped up by wind and heat Latest meme stock Revlon surges more than 50% in heavy trading... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["Welcome back to Chain Reaction. Last week, we looked at a crossover episode for meme investing. This week, we're talking about Musk dumping tokens while holding onto others. You can get this newsletter in your inbox every week by subscribing on TechCrunch's newsletter page. Dumping favor A weekly dispatch from the desk of TechCrunch crypto editor Lucas Matney : Elon Musk shared that Tesla sold some Bitcoin this week. Well, to be fair they sold an awful lot of Bitcoin … tens of thousands of coins. And while Tesla's announcement last year that they were buying Bitcoin sent prices to the moon, the disclosure Wednesday that they sold 75% of their Bitcoin reserves in Q2 didn't drastically impact the crypto market, which has been on a tear this week with BTC prices pumping and Ethereum shooting even higher (though still wildly below prices from a couple months ago). At the end of the day, Tesla was one of the top corporate holders of Bitcoin and Elon Musk was, for a while at least, the currency's top billionaire hype man. His stock in crypto circles seems to be falling; crypto Twitter was broadly upset by the announcement with some noting that crypto holders should join those shorting the electric car maker's stock. Hidden inside this disclosure that the company had offloaded nearly $1 billion worth of Bitcoin was a small admission from Musk that Tesla was holding onto Dogecoin and had not sold any of it. What was unclear from this statement is how much Dogecoin Tesla actually owns. Musk has written on Twitter that he owns it, and Tesla has accepted Dogecoin payments for merchandise on its site for months, but they haven't disclosed any buys of the cryptocurrency. I tried to do some napkin math on how much Dogecoin the company may hold this week: The company disclosed that it currently owns $218 million worth of digital assets after selling $963 million worth of Bitcoin. The bulk of that $218 million is likely its remaining Bitcoin. Tesla reportedly had around 42,000 Bitcoin heading into the second quarter, so after selling 75% of them, it should have had around 10,500 at the end of the quarter. Now, to determine exactly how much of that total holding is Bitcoin, we’d have to know exactly when the snapshot was taken. It was assumedly taken sometime the last day of June when fiscal Q2 ended, so 1 Bitcoin would have been trading for between $18,750 and $20,300 throughout the day, which at 10,500 coins would mean that around $197 million to $213 million of its total “digital assets” would be in Bitcoin. Story continues Ultimately, Musk's assertion that Tesla was holding onto its Dogecoin was probably more about keeping in the good graces of that Twitter community that anything else, especially during a time when his Twitter dealings have taken some digs at his popularity among retail investors. Elon Musk discloses that Tesla owns Dogecoin, but how much does it have? the latest pod Chain Reaction has recapped plenty of negative news in the past month as token prices took a beating and web3 companies suffered as a result. The pain is far from over, but crypto prices did see a fairly substantial recovery this past week, with ETH up 45% week over week. Lucas and Anita talked about what might have driven the uptick, though they also had to talk through the much more unfortunate news of layoffs at OpenSea. Both co-hosts were hard at work this past week on two separate feature articles that relate to current crypto news, so they unpacked those on the show. Anita talked about her piece on intensifying competition between crypto exchanges for the U.S. market (and which is most likely to win), while Lucas shared his thoughts on Yuga Labs’ highly hyped Otherside metaverse video game as one of its very first players. Subscribe to Chain Reaction on Apple , Spotify or your alternative podcast platform of choice to keep up with us every week.a follow the money Where startup money is moving in the crypto world: Cryptography developer tools startup Sunscreen raised $4.65 million in seed funding led by Polychain. Optic , an AI-based NFT authenticator, raised $11 million in a seed round led by Kleiner Perkins and Pantera. Zebedee raised $35 million in a Series B round led by Kingsway Capital to develop Bitcoin-based game payments. Blockchain cybersecurity startup Halborn raised a $90 million Series A led by Summit Partners. UnCaged Studios raised $24 million from investors including Griffin Gaming Partners and 6th Man Ventures to build crypto games. NFT brand loyalty platform Hang banked $16 million in new Series A funding led by crypto venture firm Paradigm. Peer-to-peer wallet messaging app Lines raised a $4 million seed round from investors including Elad Gil and Scalar Capital. Crypto corporate treasury company Meow closed a $22 Million Series A led by Tiger Global. Data infrastructure provider Empiric Network raised $7 million for its seed round from investors including Variant and Alameda Research. Web3 security auditor Secure3 raised a $5 million seed round led by Mirana Ventures. Gaming-focused UnCaged Studios raises $24M to build good crypto games the week in web3 A weekly window into the thoughts of web3 reporter Anita Ramaswamy : More than a few times recently, I’ve heard people in crypto say a bear market will separate the good companies from the bad ones. Former SEC Chairman Jay Clayton put it more directly at Bloomberg’s crypto summit on Tuesday, saying regulators should make responding to the “garbage” going on in web3 their first priority . Clayton invoked the 2017 ICO boom when describing the aforementioned garbage, a time during which all sorts of rampant scammery and securities fraud was unfolding within crypto. I couldn’t help but wonder … has crypto made any material progress since then in improving its reputation as a refuge for miscreants? For U.S. lawmakers, the answer seems to be “yes,” perhaps because they are loathe to stifle what’s proven to be a substantially large industry worth millions (or billions in a strong market) of dollars. So despite their sluggishness, they are finally coming around. Specifically, U.S. Senators Cynthia Lummis and Kirsten Gillibrand proposed a bipartisan crypto bill last month that has been on everyone’s lips. The pair made an appearance at the Bloomberg summit to share updates on the bill’s status since it was introduced. Gillibrand shared that while certain provisions look set to move forward, the entirety of the legislation is likely to be deferred to next year. Still, there are two provisions in the bill Gillibrand predicted could garner consensus much sooner than the rest. The first is a set of rules for banks looking to issue stablecoins – it’s understandable that those are an area of particular concern for lawmakers after the Terra fiasco. The second is the portion of the bill that would make the CFTC the key regulatory authority overseeing crypto, which she said is currently being finalized in committee. Congress will be able to vote on that provision by the end of the year, she noted. While U.S. lawmakers and regulators alike will probably always drag their feet in cracking down on crypto because they don’t want to be seen as stifling innovation, the new bill seems to be moving right along, faster than many expected. It’s not exactly a sudden 0 to 100 shift, but it’s very possible the U.S. is on the brink of a faster and more furious regulatory response than most in web3 could imagine just a few months ago when the markets were in better straits. Regulators should address crypto ‘garbage’ first, former SEC Chairman Clayton says TC+ analysis Here's some of this week's crypto analysis available on our subscription service TC+ from senior reporter Jacquelyn Melinek : Regulators should address crypto ‘garbage’ first, former SEC Chairman Clayton says As the crypto industry continues to grow, regulators across the world are looking for operational and legal frameworks to guide their actions to more effectively monitor the industry. While there’s a “tremendous number of responsible players in the industry” there are also irresponsible ones, former U.S. SEC chairman Jay Clayton said during the Bloomberg Crypto Summit conference on Tuesday. “And regulators have to respond to the garbage first. That’s the job.” NFTs have the potential to become media companies, Rarible co-founder says As NFTs work to retain mainstream attention, one founder predicts the digital asset sector will pivot in a new direction. “I think NFT collections will evolve as media companies [into something] like Disney,” Alex Salnikov, co-founder and head of product at NFT marketplace Rarible, said to TechCrunch. In recent months, major “blue-chip” NFT projects like Bored Ape Yacht Club (BAYC) and Doodles propelled their collections beyond just images and into different sectors, which may be the beginning of what’s in store for NFT expansion into the mainstream, Salnikov said. Some venture investors are doubling down on crypto despite an unknown recovery timeline The crypto markets might be red all over, but that isn’t stopping many venture capitalists from investing in the space. People who entered the crypto market briefly — aka tourists — are “already going home,” Craig Burel, partner at crypto-focused firm Reciprocal Ventures, joked to TechCrunch. But a number of VC firms are looking at the space as a huge opportunity, even though there might not be measurable traction for a number of years. MetaMask co-founder sees a developer-led future for its crypto wallet Six years ago, MetaMask was founded and today it’s the largest non-custodial crypto wallet. But that wasn’t always the plan, co-founder Dan Finlay told TechCrunch. “We thought it was going to be a quick in-and-out thing. Aaron thought we’d be working on it for a few weeks; I thought it would be a few months. It became clear pretty quickly that wasn’t the case.” Now, the team is testing out a hands-off approach to be “less opinionated” and get out of us Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-07-24 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $435,357,812,869 - Hash Rate: 216126988.1384872 - Transaction Count: 199919.0 - Unique Addresses: 531268.0 Social & AI Sentiment: - Fear & Greed Index: 0.30 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Intel(NASDAQ:INTC) stock recently hit a new 52-week low as tech stocks have been hit hard due to a gloomy market outlook. Most high-beta technology stocks have plummeted recently due to a fear of yield curve inversion, which is a leading recession indicator. In addition, risk-aversion is causing all kinds of problems, causing many new market participants to run for the hills as a bear market emerges, subsequently causing the market to overshoot to the downside. Despite the troubled market sentiment, many technology stocks are oversold, including Intel. I’ve had a thorough look at INTC stock’s prospects, leading me to think that it’s a must-own at its current price. Here’s why. [] InvestorPlace - Stock Market News, Stock Advice & Trading Tips Global semiconductor demand is still growing strongly. The industry’s latest top-line data reveals a 21% year-over-year increase in April sales.According toSemiconductor Industry Association CEO John Neuffer, “global semiconductor sales have increased by more than 20% on a year-to-year basis for 13 consecutive months, indicating consistently high and growing demand for semiconductors across a range of critical sectors.” Although supply-chain issues persist, Intel owns a solid market position, as indicated by its gross margin of54.32%and its return on invested capital of8.67%. Solid market positioning gives the firm bargaining power over its suppliers, which could see it survive transitory supply-chain hurdles. Furthermore, Intel exhibits high-quality commercial prospects. INTC still holds63.5%of the central processing unit (CPU) market share. Despite the abrupt growth of the graphics processing unit (GPU) market, CPUs still represent a market that’s10 times larger. Furthermore, CPUs have garnered renewed attention lately due to their application in artificial neural networks. The company recently beat its first-quarter earnings target by8 cents per shareamid achieving key production milestones and product delivery goals. During the quarter, data center sales continued to rise, posting22% year-over-year growth, network and edge group sales increased by 23%, and Intel’s foundry service revenue more than doubled to $283 million. Intel stock is undervalued after droppingmore than 28%since the turn of the year. I decided to utilize a relative valuation approach in my analysis, which accounts for mean reversion. Firstly, INTC stock’s price-to-earnings ratio is at a33%discount to its 5-year average, suggesting that its earnings per share prospects are underpriced by the market. Moreover, INTC’s price-to-earnings ratio is at a peer group discount of 53%, implying that it’s a significantly overlooked stock. Another factor that could support INTC stock from here onwards is its dividend profile. The stock sports a forward dividend yield of3.9%with a dividend coverage ratio of4.3%,conveying that INTC is a top-class dividend stock pick. Flimsy markets stimulate demand for high-dividend stocks as investors flee risk-on assets. For example, high-dividend stocks have outperformed theS&P 500on a relative basis in the past year, conveying investors’ “guaranteed yield-seeking” attitude during trying economic times. Thus, the current market environment could be suitable for Intel stock. Source: KoyFin Chart Courtesy ofKoyfin Intel stock is undervalued at its current price. The company owns a solid market share, exhibits attractive dividend properties, and provides innovative solutions. In addition, the market’s overreaction to a possible recession has left the stock oversold at a relative strength (RSI) of a mere30, suggesting that a lucrative entry point has presented itself. On the date of publication, Steve Booyens held an indirect long position in INTC. The opinions expressed in this article are those of the writer, subject to theInvestorPlace.comPublishing Guidelines. • $200 Oil Sooner Than You Think – Buy This Now • Stock Prodigy Who Found NIO at $2… Says Buy THIS • Early Bitcoin Millionaire Reveals His Next Big Crypto Trade “On Air” • It doesn’t matter if you have $500 in savings or $5 million. Do this now. The postIntel Stock Is an Undervalued Buy at Its 52-Week Lowappeared first onInvestorPlace.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening:\nPrices:Bitcoin trades sideways on Sunday but drops below $22.4K.\nInsights:Crypto exchange Coinbase\'s shares have plunged this year, but several institutional investors have been snapping up shares.\nCatch the latest episodes ofCoinDesk TVfor insightful interviews with crypto industry leaders and analysis. Andsign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context.\nBitcoin (BTC):$22,318 -1%\nEther (ETH):$1,560 -0.3%\n[{"Asset": "Chainlink", "Ticker": "LINK", "Returns": "+0.0%", "DACS Sector": "Computing"}]\n[{"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22127.1%", "DACS Sector": "Entertainment"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22125.7%", "DACS Sector": "Entertainment"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22125.4%", "DACS Sector": "Smart Contract Platform"}]\nBitcoin Falls Below $22.4K; Other Cryptos Drop\nBitcoin traded sideways on Sunday to fall below $22,400, well off mid-week highs.\nThe largest cryptocurrency by market capitalization was recently trading around $22,300, down a percentage point over the previous 24 hours. Bitcoin had reached a more than one-month high on Wednesday, cracking $24,000, and was still trading comfortably over $23,000 early Friday before investors revisited their anxieties over inflation and the economy to back away from riskier assets.\nEther, the second-largest crypto by market cap, was trading at $1,560, also down slightly for the same period. Other cryptos were largely in the red, with YGG and AXS both off more than 7%. The crypto Fear & Greed Index has improved over the past two weeks, but remains in fear territory, reflecting deep concerns about conditions potentially affecting crypto.\nTo be sure, market observers have viewed bitcoin\'s recent tenacity above $22,000 positively amid an unexpectedly high consumer price index (CPI) this month, slowing economic indicators and poor earnings. But crypto markets this week also struggled to make sense of Tesla\'s (TSLA) decision to jettison $936 million of its bitcoin holdings, the latest pivot in company founder and crypto influencer Elon Musk\'s ever-changing relationship with digital assets. Bitcoin has increasingly responded to the wider environment, including stock prices, which have plummeted this year.\n"BTC did see some positive price action following its resilience, post the CPI data earlier this month," wrote Joe DiPasquale, the CEO of crypto fund manager BitBull Capital, in an email to CoinDesk. "The fact that news of Tesla selling its BTC holdings did not crash the price is also a positive sign for the bulls.\nFOMC meeting\nInvestors will now be eyeing this week\'s interest rate decision by the U.S. central bank\'s Federal Open Market Committee (FOMC). The FOMC is widely expected to approve a 75-basis point hike, robust enough to satisfy critics of Federal Reserve timidity in tackling inflation but reasonable enough to encourage those who prefer a more moderate approach that is less likely to spur a steep recession and affect assets.\n"With this month\'s FOMC around the corner, we will be taking a conservative approach until the Fed\'s future direction becomes clearer," DiPasquale wrote.\nCrypto declines tracked major equity indexes on Friday as the tech-heavy Nasdaq fell nearly 2% and the S&P 500, which has a heavy tech component, dropped almost a percentage point. Stocks, like cryptos though, had their best week in a while after months of losses. Gold rose slightly, although it has also steadily fallen from March highs over $2,000.\nIn a weekly review to investors, First Republic Bank noted weakening in the once-hot housing market, a sign that rising interest rates may finally taking a bite from demand. The National Association of Home Builders index dropped for a seventh straight month. U.S. housing starts in June were also unexpectedly weak, among other falling indicators.\nThree Arrows Capital\nMeanwhile, the founders of insolvent crypto hedge fund Three Arrows Capital, Su Zhu and Kyle Davies,describedthe firm\'s collapse as "regrettable," but denied claims they pulled money from the fund before its collapse, according to Bloomberg report. Three Arrows\' implosion stemmed from the fall Terra ecosystem that has rippled through the industry since May. Investors are claiming Three Arrows still owes them $2.8 billion.\nYet in a report,banking giant Citi saidthat crypto contagion fears tied to recent events, including digital asset lending platform Celsius\' failing, have peaked. Staked ether’s discount to ether (ETH) has narrowed, which suggests some liquidity stress may have passed, the report said, adding that the “acute deleveraging phase” has now ended given many of the large brokers and market makers in the sector have disclosed their exposures. In a further positive sign, stablecoin outflows have been stemmed, the bank said, and outflows from crypto exchange-traded funds (ETF) have also stabilized in recent weeks.\nDiPasquale wrote that "if the Fed remains aggressive" with rate hikes, "we could easily see BTC return to $20,000 or lower." But he added optimistically that "accumulation in that range could be a promising long-term opportunity."\nS&P 500: 3,961 -0.9%\nDJIA: 31,899 -0.4%\nNasdaq: 11,834 -1.8%\nGold: $1,727 +0.4\nCoinbase\'s Enduring Allure Among Institutional Investors\nCoinbase’s stock is down nearly 70% on the year, outpacing the declines of bitcoin. While many funds have used the onset of the bear market to reduce their stake in the exchange, there are also many institutional investors that have used the chance to acquire shares for what they perceive as a discount.\nAccording todata compiled by Whale Wisdom, which tracks quarterly filings of the form 13F that discloses fund managers’ new investments, Cathie Wood’s Ark Invest, exchange-traded fund issuer Exchange Traded Concepts, Cullinan Associates and Utah-based Refined Wealth Management all significantly added COIN to their portfolios as per filings dated June 30.\nArk Invest’s Wood has been along-time Coinbase bull, highlighting in May that the U.S.-based exchange had no exposure to either the terraUSD (UST) stablecoin or the luna (LUNA) token.\n“Given its inherent profitability, competitive position and massive opportunities, we believe the company is right to focus on investing in its derivatives offerings, [non-fungible token] platform and international expansion,” Wood wrote in a note outlining her bullish thesis on the company.\n2.6 million shares\nWhale Wisdom data shows that all firms that filed a 13F by June 30 collectively bought 2.6 million shares.\nThe Wall Street Journal said that14 analysts it polled gave Coinbase a buy option for retail investors while nine gave it a hold, and two ranked it a sell.\nThe average stock target price from the polled analysts is $106.05, which would give it a $23 billion market cap.\nBefore the company did its initial public offering last year, its pre-IPO contracts weretrading as highas $317, which would give the exchange a valuation of over $75 billion. Its currentmarket capis just under $20 billion. Even under the most conservative appraisals, there’s room to grow.\nAustralia new home sales\n8:30 p.m. HKT/SGT(12:30 p.m. UTC):Chicago Fed national activity index(June)\n10:30 p.m. HKT/SGT(2:30 p.m. UTC):Dallas Fed manufacturing business index(June)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nThree Arrows Founders Break Their Silence; SEC Calls 9 Cryptos ‘Securities’ in Insider Trading Case\n"First Mover" dove into the biggest stories of the day. CoinDesk Indices Managing Director Jodie Gunzberg shared her insights as bitcoin (BTC) topped $23,000. Plus, former prosecutor Ian McGinley joined to discuss the fallout after a former Coinbase employee was arrested over allegations of crypto insider trading.\nSilvergate CEO Sees More Near-Term Pain for Crypto but Still Bullish on Bitcoin Lending:Silvergate posted strong second-quarter earnings, outperforming its crypto peers’ due to strong risk management.\nFTX to Offer Early Liquidity to Customers of Bankrupt Crypto Lender Voyager:The crypto exchange will allow the customers to create accounts funded by an early distribution of a part of their bankruptcy claims.\nBank of Central African States Urged to Introduce Common Digital Currency: Report:The regional bank is a staunch critic of the Central African Republic\'s decision to make bitcoin legal tender in April.\nNexo, Crypto Lender on Prowl for Ailing Rivals, Faces Declining Deposits:An analysis of crypto lender Nexo\'s attestations, including older data retrieved using the Wayback Machine, reveals just how much its deposits have declined in recent months.\nThree Arrows Capital Founders Say Terra, GBTC Trades Led to Fund Blowup: Report:“What we failed to realize was that luna was capable of falling to effectively zero,” Three Arrows Capital co-founder Su Zhu said.\nDoes Crypto Still Care About Elon Musk?:Tesla’s initial BTC purchase contributed to a wild, two-year price climb. But markets were unphased after the car company offloaded most of its bitcoin.\nOther voices:1. The many lives of cryptocurrency(Axios)\n"Tesla’s bitcoin sale, for all the caveats about freeing up cash, confirms what some of us knew all along: Elon Musk isn’t someone you should look to for guidance on cryptocurrency. He’s just a particularly loud, impulsive and unreliable follower." (CoinDesk columnist David Z. Morris) ... "We need to take this action to address the mismatch between our available assets and liabilities caused by the individual who breached his contract with us. It may take some time before we can recover funds owed to us in the litigation actions we are taking against this individual." (CoinFLEX blog)', 'Good morning. Here’s what’s happening: Prices: Bitcoin trades sideways on Sunday but drops below $22.4K. Insights: Crypto exchange Coin Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-07-25 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $417,819,722,400 - Hash Rate: 195477912.8386317 - Transaction Count: 253417.0 - Unique Addresses: 629329.0 Social & AI Sentiment: - Fear & Greed Index: 0.30 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: • Amid bitcoin's rise over the past two years, a number of companies added the crypto to their balance sheets. • But Bitcoin's 68% decline from its record high has created significant unrealized losses for those firms. • Here's how much unrealized losses Tesla, MicroStrategy, and Block have in their bitcoin position. Asbitcoinsurged to new heights over the past two years, companies led by digital asset enthusiasts began to add the highly volatile cryptocurrency to their balance sheets. Much of the rationale behind companies likeMicroStrategy,Tesla, andBlockinvesting in bitcoin was to protect against the threat of inflation, as some rightly expected that trillions of dollars of COVID-19 related stimulus would lead to higher prices for nearly everything. But while they got that part right, what they seemed to have gotten wrong is whether bitcoin would act as a solid hedge against inflation. Having fallen nearly 70% from its record high amid soaring inflation, it's safe to say that theory has been wrong. Bitcoin extended its losses to about $22,000 on Tuesday, as concerns towards the crypto space continue to grow following thefreeze of withdrawals from the Celsius Network. These companies still hold bitcoin on their balance sheet, and unrealized losses are beginning to pile up to more than $1 billion combined. The losses expose one of the big drawbacks of adding a highly volatile asset to a company's balance sheet, which is typically reserved for more stable assets like US dollars, property, and inventory, among other items. Here's an estimate of unrealized losses Tesla, MicroStrategy, and Block have in their bitcoin balance sheet position. 1. Block Bitcoin Owned: 8,027Average Cost: $27,407Estimated Unrealized Losses: $42.6 million 2. Tesla Estimated Bitcoin Owned: 42,000Average Cost: $31,620Estimated Unrealized Losses: $399.8 million 3. MicroStrategy Bitcoin Owned: 129,219Average Cost: $30,700Estimated Unrealized Losses: $1.1 billion Read the original article onBusiness Insider... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['By Tom Westbrook\nSINGAPORE, July 26 (Reuters) - The dollar wobbled around just below multi-decade peaks on Tuesday, as traders waited on a rate hike from the U.S. Federal Reserve and for any clues about whether hints of a slowing economy will prompt a shift away from its focus on inflation.\nThe euro inched up to $1.0235 but was hemmed in by uncertainty over Europe\'s energy security which is not helped by a looming cut in the westbound flow of Russian gas.\nThe yen steadied at 136.33 per dollar.\nThe Fed concludes a two-day meeting on Wednesday. Traders have been dialling back expectations as markets try and figure out if or when policymakers might pause their inflation-fighting efforts because there are signs the economy is starting to slow.\nFutures pricing points to a 75 basis point (bp) rate hike with a 10% risk of 100 bps.\n"I don\'t think the market\'s got a very good, confident feel that it\'s going to be one flavour of surprise or the other," said Imre Speizer, an analyst at Westpac in Auckland.\n"Which is enough to hold the dollar in place."\nThe U.S. dollar index was slightly lower at 106.320, but not too far below a 20-year high of 109.290 hit in mid July, as the greenback draws strength both from the expectation of U.S. rate rises and as a safe bet in a global slowdown.\nA profit warning from Walmart on Monday, which said customers were tightening their belts, was the latest sign that the going is getting tough, coming on the heels of a handful of softer-than-expected U.S. and European data prints.\nThe Australian and New Zealand dollars eked small gains overnight but progress was capped. The Aussie at $0.6959, was just below its 50-day moving average as traders waited for Wednesday\'s inflation data release.\nHeadline consumer prices are seen galloping at 6.2% year-on-year, the fastest pace in more than three decades.\n"There may be some slight upside for the Aussie, depending on the data," said analysts at ANZ Bank.\n"A 50bp hike from the (Reserve Bank of Australia) next week is all but a foregone conclusion – the main risk is for a larger hike," they said.\n"But this would require a very, very high CPI number, given that the RBA has more flexibility with its monthly meetings."\nA 50 bp hike is also seen as the most likely move from the Bank of England next week, though it is barely lending support to sterling. The pound inched 0.1% higher on Tuesday to $1.2065.\nElsewhere cryptocurrencies wound back last week\'s gains. Bitcoin sat at $21,100, its lowest since July 18. Ether also hit its lowest sine July 18 at $1,411.\n(Reporting by Tom Westbrook Editing by Shri Navaratnam)', 'By Tom Westbrook SINGAPORE, July 26 (Reuters) - The dollar wobbled around just below multi-decade peaks on Tuesday, as traders waited on a rate hike from the U.S. Federal Reserve and for any clues about whether hints of a slowing economy will prompt a shift away from its focus on inflation. The euro inched up to $1.0235 but was hemmed in by uncertainty over Europe\'s energy security which is not helped by a looming cut in the westbound flow of Russian gas. The yen steadied at 136.33 per dollar. The Fed concludes a two-day meeting on Wednesday. Traders have been dialling back expectations as markets try and figure out if or when policymakers might pause their inflation-fighting efforts because there are signs the economy is starting to slow. Futures pricing points to a 75 basis point (bp) rate hike with a 10% risk of 100 bps. "I don\'t think the market\'s got a very good, confident feel that it\'s going to be one flavour of surprise or the other," said Imre Speizer, an analyst at Westpac in Auckland. "Which is enough to hold the dollar in place." The U.S. dollar index was slightly lower at 106.320, but not too far below a 20-year high of 109.290 hit in mid July, as the greenback draws strength both from the expectation of U.S. rate rises and as a safe bet in a global slowdown. A profit warning from Walmart on Monday, which said customers were tightening their belts, was the latest sign that the going is getting tough, coming on the heels of a handful of softer-than-expected U.S. and European data prints. The Australian and New Zealand dollars eked small gains overnight but progress was capped. The Aussie at $0.6959, was just below its 50-day moving average as traders waited for Wednesday\'s inflation data release. Headline consumer prices are seen galloping at 6.2% year-on-year, the fastest pace in more than three decades. "There may be some slight upside for the Aussie, depending on the data," said analysts at ANZ Bank. Story continues "A 50bp hike from the (Reserve Bank of Australia) next week is all but a foregone conclusion – the main risk is for a larger hike," they said. "But this would require a very, very high CPI number, given that the RBA has more flexibility with its monthly meetings." A 50 bp hike is also seen as the most likely move from the Bank of England next week, though it is barely lending support to sterling. The pound inched 0.1% higher on Tuesday to $1.2065. Elsewhere cryptocurrencies wound back last week\'s gains. Bitcoin sat at $21,100, its lowest since July 18. Ether also hit its lowest sine July 18 at $1,411. (Reporting by Tom Westbrook Editing by Shri Navaratnam)', 'By Sinéad Carew\nNEW YORK (Reuters) - Wall Street equities fell and U.S. Treasuries rallied on Tuesday a day before a likely Federal Reserve rate hike as investors grappled with growing economic concerns after retail giant Walmart Inc\'s profit warning and signs of a looming gas supply crisis in Europe.\nThe bid for safety also boosted the U.S. dollar, which snapped a three-session losing streak, while the energy supply concerns weighed on the euro.\nEuropean Union leaders agreed to ration gas usage after Russian\'s Gazprom said gas flows to Germany would fall from Wednesday to half of the current amount - already at just 40% of normal capacity.\nU.S. equities fell with retail stocks after Walmart slashed its profit forecast late on Monday as surging prices for food and fuel spurred consumers to cut back on discretionary purchases. [.N]\nSince Walmart is seen as a "litmus test for the health of the consumer," Carol Schleif, deputy chief investment officer at BMO Family Office, said investors are concerned about growth and feeling uncertain ahead of key economic data due out this week and the Fed\'s interest rate decision expected on Wednesday.\n"This week is forcing investors to be very short-term oriented. It\'s not allowing anybody to lift their eyes up even a week or a month," Schleif said. "It\'s an asset market, not just in stocks, that seems to suggest people think growth is questionable in the intermediate term."\nInvestors are expecting a 75 basis point Fed rate increase on Wednesday, with markets pricing about a 10% risk of a larger hike, as well as waiting to see whether economic warning signs prompt a shift in rhetoric.\n"If they did 100 basis points it would probably surprise the market. There\'s that nervousness. If it\'s 75, as expected, and the Fed says it\'s starting to see hints of slowing, the market might take that as a positive," Schleif said.\nThe Dow Jones Industrial Average fell 228.5 points, or 0.71%, to 31,761.54, the S&P 500 lost 45.79 points, or 1.15%, to 3,921.05 and the Nasdaq Composite dropped 220.09 points, or 1.87%, to 11,562.58.\nThe pan-European STOXX 600 index closed down 0.03% and MSCI\'s gauge of stocks across the globe shed 0.92%.\nAdding to Tuesday\'s gloom was the International Monetary Fund forecast for global real GDP growth of 3.2% in 2022, down from its 3.6% forecast issued in April, with downside risks from high inflation and Russia\'s invasion of Ukraine potentially pushing the world economy to the brink of recession.\nThe gap between yields on two- and 10-year Treasury notes widened on Tuesday after more than two weeks when the short-end yield has been higher than the long end - often a recession signal.\nBenchmark 10-year notes last rose 5/32 in price to yield 2.8032%, from 2.82% late on Monday. The 30-year bond last rose 17/32 in price to yield 3.0227%, from 3.05%. The 2-year note last fell 2/32 in price to yield 3.0609%, from 3.035%.\n"The flight to quality makes sense if you\'re concerned about a meaningful slowdown in growth or even heightened recession fears in Europe because of volatility in energy supply," said Subadra Rajappa, head of U.S. rates strategy at Societe Generale. "Then you should see investors flock to Treasuries."\nThe dollar index rose 0.752%, with the euro down 1.04% to $1.0114. The Japanese yen weakened 0.15% versus the greenback at 136.90 per dollar, while Sterling was last trading at $1.2027, down 0.12% on the day.\nAfter rising earlier in the session, oil prices settled in the red as investors worried about weaker consumer confidence and the expectation that another 20 million barrels of crude oil would be released from the U.S Strategic Petroleum Reserve.\nPrices were supported earlier in the session on news that Russia was tightening its gas squeeze on Europe.\nU.S. crude settled down 1.78% at $94.98 per barrel and Brent settled at $104.40, down 0.71%.\nSpot gold dropped 0.1% to $1,716.98 an ounce as investors eyed economic uncertainties and waited on the Fed.\nBitcoin last fell 1.86% to $20,910.08.\n(Additional reporting by Herbert Lash in New York, Kane Wu in Hong Kong; Editing by Edmund Klamann, Angus MacSwan, Will Dunham and Mark Heinrich)', 'By Sinéad Carew NEW YORK (Reuters) - Wall Street equities fell and U.S. Treasuries rallied on Tuesday a day before a likely Federal Reserve rate hike as investors grappled with growing economic concerns after retail giant Walmart Inc\'s profit warning and signs of a looming gas supply crisis in Europe. The bid for safety also boosted the U.S. dollar, which snapped a three-session losing streak, while the energy supply concerns weighed on the euro. European Union leaders agreed to ration gas usage after Russian\'s Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-07-26 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $402,917,505,010 - Hash Rate: 220256803.1984584 - Transaction Count: 264861.0 - Unique Addresses: 655695.0 Social & AI Sentiment: - Fear & Greed Index: 0.26 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Don't miss CoinDesk's Consensus 2022 , the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12. The prolonged downturn in cryptocurrency prices, along with broader tech sector woes, has led to a growing number of layoffs at crypto firms as participants brace for a bumpier ride ahead. On Thursday, the Winklevoss-led crypto exchange and custodian Gemini was one of the latest to announce job cuts of about 10% of its workforce, with the firm citing “turbulent market conditions that are likely to persist for some time.” Soon after, Middle Eastern crypto exchange Rain Financial said it was cutting dozens of jobs due to the difficult market. On top of those pieces of news, the largest publicly traded U.S crypto exchange, Coinbase Global (COIN), reiterated on Thursday that it would be extending its previously announced hiring pause and even rescinding accepted job offers as part of cost-cutting maneuvers amid tough market conditions. "The recent market volatility and subsequent layoffs will likely continue into this summer,” predicted Masha Boone, vice president of people at non-fungible token (NFT) exchange Rarible. “However, it is important to recognize this as an opportunity to reflect on what is needed in the crypto space and reconsider where the industry is headed from here.” For her part, Boone told CoinDesk that Rarible was using the turmoil as an opportunity to strengthen its internal development and product teams. Exchanges hit particularly hard Cryptocurrency’s downturn has coincided with a rout in public stock markets, with interest rate hikes designed to tamp down inflation spooking investors in many high-flying technology and growth equities. Crypto exchanges that may have relied on retail traders during a time of excess liquidity in the system have seen significant slowdowns in trading. As a result, crypto exchanges have been among the quickest to cut jobs in the current environment. In addition to the moves by Gemini and Coinbase, Argentina-based crypto exchange Buenbit recently laid off 45% of its staff, top Latin American crypto exchange Bitso cut 80 employees out of its workforce of 700+ workers and the holding company for leading Brazilian exchange Mercado Bitcoin laid off over 80 employees . Story continues “It is natural that the exchanges, which are currently seeing lower volumes, are cutting back,” said George Sutton, an equity analyst with research firm Craig Hallum. “The beauty of this industry is there are a plethora of disruptive models in the digital currency and blockchain space to gladly hire any available talent. We view the volume declines as temporary,” Sutton told CoinDesk via email. Going forward, crypto companies with valid use cases and utility are the ones that will best survive, according to Nicholas Strange, founder of Seattle-based hiring firm Crypto Talent. Many crypto firms have been through downturns before and have become better at managing their treasuries, Strange told CoinDesk. Additionally, quarter-over-quarter venture capital funding remains at all-time highs, and certain VC firms may use this downturn to continue funding promising crypto-related projects, Strange said. Crypto companies raised a record $30 billion of venture capital last year, and the number of deals in the sector remains high despite the recent fall in cryptocurrency markets, Morgan Stanley told clients in a recent note . However, deal activity is likely to drop in the future, the investment bank noted. UPDATE (June 3, 13:18 UTC): Updated with information about layoffs at the holding company for Mercado Bitcoin.... - Reddit Posts (Sample): [['u/Potato-In-A-Jacket', 'Collaborating with fellow open and affirming subreddits!', 28, '2022-07-26 00:36', 'https://www.reddit.com/r/OpenChristian/comments/w82gjv/collaborating_with_fellow_open_and_affirming/', '(In case you missed the Rule 7 creation announcement, please check [this link](https://www.reddit.com/r/OpenChristian/comments/w39a6z/new_rule_think_twice_before_posting_triggering/) for more information - TL;DR, all potentially triggering content must have the NSFW label.)\n\nHey everyone! I have been wanting to do something like this for awhile now, and I finally sat down and wrote it out. Basically, with everything that is going on, I wanted to get together a list that is A) as comprehensive as possible, and B) a chance for sister subreddits with similar (or at least, relatively similar) viewpoints and stances that we have here. The idea is to grow our communities, and spread the good Word (also, to fellowship with other Christians that you may not have gotten to know otherwise)! Initially, I had wanted to include a list of "subs to avoid", however after speaking with another mod, I came to the conclusion that would be antithetical to how Christ wants us to be, and would only serve to besmirch them when we should be loving and uplifting one another. So, I want to make this list, and I would love for you to contribute to it as well! If you comment with a sub that you know of that is a Christian sub and is open and affirming (at the minimum), then I will add it here. Hopefully, we can all collaborate together, and really grow as one big family - the way it was always meant to be. Ok, I\'ve rambled long enough, so here are the subs I know of that are safe for our LGBT siblings, and would love to have you there!\n\n- r/ChristianAgnosticism ("Christian Agnosticism is a theological and philosophical outlook based in rationalist thought" - a very young sub, but one that is definitely deserving of some attention)\n- r/Teachings_Of_Jesus ("What did Jesus say about money, fear, respectability, and self-righteousness? Do you REALLY want to know?" another young sub that could use some love; their mission is also one that I personally find very interesting!!)\n- r/ChristianAnarchism ("Christian anarchism encompasses a wide range of views based around the intersection of Christianity and anarchism" - for all your God-fearing, anarchic needs!)\n- r/TransChristianity ("This subreddit is dedicated to providing a space by trans people and for transgender people to discuss, question, or complain about all things Christianity" - the perfect community for our trans siblings in Christ!)\n- r/GayChristians (“This subreddit exists to provide a place for gay Christian’s to come and discuss topics that are specific to us” - a community dedicated to our gay siblings!)\n- r/HereticChristianity (“Doubts do not invalidate your faith. Questions do not invalidate your faith. Uncertainties do not invalidate your faith.” What a tagline, and how incredibly true it is!)\n- r/Episcopalian (a sub dedicated to all things Episcopal church-related; to the best of my knowledge, this is a predominantly US only congregation, so if you’re outside the states and have a similar church denomination, I’ll happily add it to my list here. This denomination is well known for being very open and affirming in their faith.)\n- r/Quakers (“Quakers seek religious truth in inner experience, and place great reliance on conscience as the basis of morality”—basically, they don’t rely as heavily on a figure head to dictate what’s right or wrong, if I’m understanding correctly.) \n- r/QueerTheology (“an explicitly queer-affirming sub. Once we get past: ‘Can LGBT people be accepted in the church?’ — the theology that is possible once we assume we are accepted is rich for exploration”—phenomenal sub that delves deeper into the theology of Christianity, cannot recommend enough!)\n- r/LGBTCatholic (“a place for practicing, non-practicing… Catholics to share and discuss stories…”—an excellent place for Catholics of all stripes!)\n- r/DankChristianMemes (a sub for memes, jokes, and good Christian fun! I must warn: if you’re not a fan of occasionally darker or edgy humor, this sub may not be for you—admittedly, it’s never going to be NSFW or sacrilegious, but if jokes with some swearing isn’t your thing, then this sub isn’t going to be what you’ll like.)', 'https://www.reddit.com/r/OpenChristian/comments/w82gjv/collaborating_with_fellow_open_and_affirming/', 'w82gjv', [['u/synthresurrection', 15, '2022-07-26 03:44', 'https://www.reddit.com/r/OpenChristian/comments/w82gjv/collaborating_with_fellow_open_and_affirming/ihnrbi1/', "/r/radicalchristianity is a good sub(I'm biased, since I'm one of the moderators) and we're open and affirming. 🙂", 'w82gjv']]], ['u/maybeamarxist', 'Am I the only one who remembers the big OpenSSL RNG bug?', 68, '2022-07-26 00:40', 'https://www.reddit.com/r/Buttcoin/comments/w82k3u/am_i_the_only_one_who_remembers_the_big_openssl/', "Way back in the halcyon days of 2008, before our lord and savior Satoshi blessed us with the genesis block in 2009, there was a bug [reported](https://www.debian.org/security/2008/dsa-1571) in the pseudorandom number generator used by OpenSSL in Debian. This bug [undermined the security of public/private key pairs generated by the affected versions of OpenSSL](https://threatpost.com/how-debian-openssl-bug-almost-spawned-disaster-051809/72669/). Basically because of a very subtle software bug, people were generating key pairs for almost two years that could potentially be compromised by an attacker using just the public key and a signature.\n\nNow, Bitcoin didn't exist at the time, so of course no one was talking about the implications for cryptocurrencies. And I guess by the time they started to take off this had faded far enough into memory not to immediately throw up red flags? I don't know, but if you have any significant amount of money in a crypto wallet this should scare the shit out of you.\n\nCrypto enthusiasts love to victim blame when people lose their private keys. You should have spotted that phishing email, you shouldn't have clicked that link, you shouldn't have downloaded that file, you should have epoxied the ethernet port on your airgapped wallet machine, whatever. And just for a moment I'm going to set aside how monumentally dumb that is, because none of it matters if the software you're using is flawed.\n\nYou could do everything in the world right, and all it takes is a misplaced character somewhere in the pseudo random number generator your wallet uses for an attacker to jack your private key. This is not a hypothetical concern! It already happened! It's just that it happened with a different bit of crypto software, and it happened in a world that had not yet been peppered with digital treasure chests that you can pop open with the right zero day.\n\nFor all we know, there could be billions of dollars worth of crypto wallets using keys generated by buggy software out there. We could wake up one day and find that Coinbase's cold wallets have been emptied because an attacker figured out how to derive their private key from their public. The cold wallet you printed out and stuffed in a bank vault might already be compromised, and if the vulnerability ever gets published it could be exploited before you can get to the bank to get the key to transfer your coins to a new wallet.\n\nThe crypto bros will yack your ear off about how many lifetimes of the universe it takes to crack a key pair, but they conveniently ignore the fact that that's only true if the keys were generated on secure systems running bug-free software. Would you bet your life savings on a random piece of crypto software you downloaded from the Internet being completely free of critical defects? This software engineer would not.", 'https://www.reddit.com/r/Buttcoin/comments/w82k3u/am_i_the_only_one_who_remembers_the_big_openssl/', 'w82k3u', [['u/maybeamarxist', 23, '2022-07-26 00:50', 'https://www.reddit.com/r/Buttcoin/comments/w82k3u/am_i_the_only_one_who_remembers_the_big_openssl/ihn3ovq/', 'Also, just to preempt the "we could roll everything back like Ethereum does every time a smart contract shits the bed" responses, no, you couldn\'t. If a smart contract has a flaw that allows unauthorized users to steal your coins, sure, you can roll back and fix the contract before anyone else can submit transactions. It undermines the core principles cryptocurrencies supposedly stand for, but sure, it\'s a thing you can do.\n\nIf peoples\' private keys were compromised en masse, the same solution wouldn\'t work. Because in that case the problem isn\'t that someone else can move your coins without your key, it\'s that the someone else has your key. So there\'s absolutely no way to prove which one of you is the "real" owner of the wallet.', 'w82k3u'], ['u/maybeamarxist', 10, '2022-07-26 01:00', 'https://www.reddit.com/r/Buttcoin/comments/w82k3u/am_i_the_only_one_who_remembers_the_big_openssl/ihn56oy/', "That's the beauty of it all, no one knows if it exists or not. If you're one of the winklevii your coins could be mathematically impossible to crack, or they might be a week away from a teenager in Romania stumbling on the wrong line of code and taking them all", 'w82k3u'], ['u/R_Sholes', 56, '2022-07-26 01:06', 'https://www.reddit.com/r/Buttcoin/comments/w82k3u/am_i_the_only_one_who_remembers_the_big_openssl/ihn5yh7/', "It already happened a few times with cryptowallets.\n\nThere were a bunch of subtle errors with not-random-enough randomness, but my all time favorite was the one where a popular mobile wallet used random.org's Web API for seeding (which is weird, but OK) over plain HTTP (which is already pretty bad), and then used the response without checking the status code, so when random.org deprecated the HTTP endpoint and started returning `301 Moved permanently` to redirect to HTTPS they used that ... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['If you want to know why there’s so much talk about crypto and blockchain’s potential to transform the creator economy, one good answer might be that there’s so much in need of transformation.\nNo one has been more vocal than musicians upset at the very micro micropayments they get for song streams — $0.003 to $0.005 are the most cited figures, which puts earnings at $3,000 to $5,000 for 1 million plays.\nAnother is that so many other companies, including social media giants like Facebook and Twitter, are getting in on trying to fix a very broken system that it’s an obvious target for an industry built on the concept of eliminating financial middlemen.\nSee also:Facebook Pivots From News Coverage to Creator Economy\nIt’s a simple pitch: Creators can take payments directly from fans, with no bank, credit card issuer or payments processor in the middle taking a cut. That sounds great until you actually try to send bitcoin from one digital wallet to another: It’s a process that even technologically-minded people find cumbersome.\nRead more:Crypto Basics Series: What’s a Crypto Wallet and How You Can Avoid Losing a Quarter Billion Dollars?\nThen there’s the reality that most creators live on a platform of some kind: Twitter or YouTube, Spotify or Apple Music, or one of the many, many content creator-focused platforms for musicians, artists, social influencers, podcasters, topic educators and more. Those platforms tend to want a cut — or pay what they wish.\nAnd there isn’t really a need for crypto payments on those platforms. Sure, in April, Twitter teamed up with payments tech firm Stripe to use crypto — starting with the USDC stablecoin — for creator subscription payments. But Stripe began supporting Twitter’s Super Follows traditional payments back in September of last year.\nRelated:Twitter Launches Stripe-Powered Super Follows for Creator Subscriptions\nThat said, as more and more merchants start accepting crypto payments through processors like BitPay and Strike, and more people start actually paying with crypto — more than one quarter of the nearly 60 million U.S. crypto consumers prefer merchants who accept digital assets,PYMNTS U.S. Crypto Consumersstudy found — it should become easier and more lucrative for individual creators to accept crypto with a pay button rather than a digital wallet transfer.\nOf course, if they follow the more common pay-in-crypto-but-receive-cash process that is becoming the norm — in no small part to avoid dealing with volatility — it isn’t really transforming the creator economy as much as it is adding a new payments rail.\nSo, where does crypto fit in?\nThe best current answer is social tokens.\nThere have been others, like Steemit, a blockchain-based social media and blogging platform on which creators could earn STEEM tokens for creating content. But none have really taken off.\nWhat’s a Social Token?\nSocial tokens are bespoke cryptocurrencies built around a particular brand, community or content creator. At their core, they are about access and benefits.\nAt the high end, a number of top European soccer teams like Barcelona, Manchester City and Juventus embraced fan tokens that offered access relatively early on. Juventus token holders can vote in polls on topics like the song played when the Turin, Italy, team scores a goal, while FC Barcelona token holders can by VIP access to stadium tours and player meet and greets.\nMore recently, they’ve been embraced in the U.S. by the Ultimate Fighting Championship (UFC), 28 of the 30 teams in the National Basketball Association and half of the National Football League’s 32 teams.\nBut individual artists and creators of all kinds have been creating social tokens on Rally, a platform that describes itself as “a place for creators and their communities to build their own independent digital economies.”\nAll of that should tell you what you need to know about the key strength and weakness of fan tokens: They’re highly dependent on superfans and require a constant stream of specialized content and access to keep them desirable — which is to say, valuable.\n“You kind of have to provide perpetual benefits,” Mason Nystrom, an analyst at crypto research firm Messari,toldCoinDesk. “If people are buying your token, you have to continue to provide value, or have some exit strategy, which is fairly challenging.”\nWhich points to a basic problem with crypto as a tool of the creator economy: It doesn’t really make it much easier to connect with fans without a big fan base, and it doesn’t really make it easier to get paid without a platform to connect with fans.\nAnd if you’re earning $0.003 per song or 0.000003 BTC, it doesn’t really matter until you’re Drake, who pulled in 3 billion streams in the first five months of the year.\nFor all PYMNTS crypto coverage, subscribe to the dailyCrypto Newsletter.', 'Crypto, token, creator economy If you want to know why there’s so much talk about crypto and blockchain’s potential to transform the creator economy, one good answer might be that there’s so much in need of transformation. No one has been more vocal than musicians upset at the very micro micropayments they get for song streams — $0.003 to $0.005 are the most cited figures, which puts earnings at $3,000 to $5,000 for 1 million plays. Another is that so many other companies, including social media giants like Facebook and Twitter, are getting in on trying to fix a very broken system that it’s an obvious target for an industry built on the concept of eliminating financial middlemen. See also: Facebook Pivots From News Coverage to Creator Economy It’s a simple pitch: Creators can take payments directly from fans, with no bank, credit card issuer or payments processor in the middle taking a cut. That sounds great until you actually try to send bitcoin from one digital wallet to another: It’s a process that even technologically-minded people find cumbersome. Read more: Crypto Basics Series: What’s a Crypto Wallet and How You Can Avoid Losing a Quarter Billion Dollars? Then there’s the reality that most creators live on a platform of some kind: Twitter or YouTube, Spotify or Apple Music, or one of the many, many content creator-focused platforms for musicians, artists, social influencers, podcasters, topic educators and more. Those platforms tend to want a cut — or pay what they wish. And there isn’t really a need for crypto payments on those platforms. Sure, in April, Twitter teamed up with payments tech firm Stripe to use crypto — starting with the USDC stablecoin — for creator subscription payments. But Stripe began supporting Twitter’s Super Follows traditional payments back in September of last year. Related: Twitter Launches Stripe-Powered Super Follows for Creator Subscriptions That said, as more and more merchants start accepting crypto payments through processors like BitPay and Strike, and more people start actually paying with crypto — more than one quarter of the nearly 60 million U.S. crypto consumers prefer merchants who accept digital assets, PYMNTS U.S. Crypto Consumers study found — it should become easier and more lucrative for individual creators to accept crypto with a pay button rather than a digital wallet transfer. Story continues Of course, if they follow the more common pay-in-crypto-but-receive-cash process that is becoming the norm — in no small part to avoid dealing with volatility — it isn’t really transforming the creator economy as much as it is adding a new payments rail. So, where does crypto fit in? The best current answer is social tokens. There have been others, like Steemit, a blockchain-based social media and blogging platform on which creators could earn STEEM tokens for creating content. But none have really taken off. What’s a Social Token? Social tokens are bespoke cryptocurrencies built around a particular brand, community or content creator. At their core, they are about access and benefits. At the high end, a number of top European soccer teams like Barcelona, Manchester City and Juventus embraced fan tokens that offered access relatively early on. Juventus token holders can vote in polls on topics like the song played when the Turin, Italy, team scores a goal, while FC Barcelona token holders can by VIP access to stadium tours and player meet and greets. More recently, they’ve been embraced in the U.S. by the Ultimate Fighting Championship (UFC), 28 of the 30 teams in the National Basketball Association and half of the National Football League’s 32 teams. But individual artists and creators of all kinds have been creating social tokens on Rally, a platform that describes itself as “a place for creators and their communities to build their own independent digital economies.” All of that should tell you what you need to know about the key strength and weakness of fan tokens: They’re highly dependent on superfans and require a constant stream of specialized content and access to keep them desirable — which is to say, valuable. “You kind of have to provide perpetual benefits,” Mason Nystrom, an analyst at crypto research firm Messari, told CoinDesk. “If people are buying your token, you have to continue to provide value, or have some exit strategy, which is fairly challenging.” Which points to a basic problem with crypto as a tool of the creator economy: It doesn’t really make it much easier to connect with fans without a big fan base, and it doesn’t really make it easier to get paid without a platform to connect with fans. And if you’re earning $0.003 per song or 0.000003 BTC, it doesn’t really matter until you’re Drake, who pulled in 3 billion streams in the first five months of the year. For all PYMNTS crypto coverage, subscribe to the daily Crypto Newsletter .', '(Corrects data release day to Wednesday in paragraph 9)\nBy Chuck Mikolajczak\nNEW YORK (Reuters) - The dollar fell on Wednesday against a basket of major currencies after the U.S. Federal Reserve raised interest rates by 75 basis points, as was Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-07-27 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $403,601,138,850 - Hash Rate: 227139828.2984101 - Transaction Count: 255930.0 - Unique Addresses: 644191.0 Social & AI Sentiment: - Fear & Greed Index: 0.28 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Don't miss CoinDesk'sConsensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12. Good morning. Here’s what’s happening: Prices:Bitcoin gains ground, hovering just above $20K. Insights:China's blockchain revolution may not be so revolutionary. Catch the latest episodes ofCoinDesk TVfor insightful interviews with crypto industry leaders and analysis. Andsign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context. Bitcoin (BTC):$20,244 +5% Ether (ETH):$1,152 +7.3% [{"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+3.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "+3.5%", "DACS Sector": "Entertainment"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "+1.3%", "DACS Sector": "Smart Contract Platform"}] [{"Asset": "Terra", "Ticker": "LUNA", "Returns": "\u22123.3%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Stellar", "Ticker": "XLM", "Returns": "\u22120.9%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "XRP", "Ticker": "XRP", "Returns": "\u22120.3%", "DACS Sector": "Currency"}] Bitcoin Gains Ground but Lingers Under $20K On a day of fireworks and bombast in the U.S., crypto had a little to celebrate as well. Bitcoin crept back over the $20,000 threshold that has been a psychological observation point since the start of the summer for investors gauging the length of the current bear market. The largest cryptocurrency by market capitalization was recently trading at about $20,300, up 5% over the past 24 hours. Bitcoin plummeted below $19,000 at one point last week before regaining ground during a Friday rally. Ether rose even more in Monday trading along with several other major altcoins as investors seemed more receptive to risk. The second-largest cryptocurrency by market cap was changing hands at more than $1,150, a nearly 8% gain over the previous day. Among other major cryptos, SOL and SAND jumped more than 9% and 8%, respectively. Still, the crypto Fear & Greed Index remained wedged in extreme fear territory as the industry absorbed its latest body blows, and analysts remained downcast about prices for at least the near-term, short of convincing evidence that inflation is under control and the global economy will not fall into recession. Bitcoin and ether are off more than 5% and 6% from their highs early last week, and most other cryptos are also well in the red over the same period. "Bitcoin has been under even pressure for almost all last week," FxPro Senior Market Analyst Alex Kuptsikevich wrote in an email. "A brief bounce at the beginning of the day on July 1 was more likely due to emotional excitement from the start of a new period (month, quarter, half-year) rather than fundamental changes in the situation." Ether price weakness ETH’s price weakness continues as The Merge, which will see the network change from a proof-of-work to proof-of-stake protocol, fast approaches. Trading was light as the U.S. celebrated its Independence Day. U.S. equity markets were closed in observance of the holiday, but European indexes were up with the Stoxx Europe 600 rising 0.5% on Monday. To be sure, Binance CEO Changpeng Zhao recently called the crypto winter a good time to buy bitcoin for investors who can wait for the next bull market. And a survey fromMastercard(MA) reported that over 51% of Latin Americans made at least one transaction with cryptocurrencies between March and April of this year. But industry-wide cascade of bad news continued with crypto hedge fund Three Arrows Capitalfilingfor bankruptcy late Friday after weeks of speculation that it was functionally insolvent; American-Israeli crypto lender, Celsuis,layingoff some 150 employees over the weekend as it battles a financial crisis that saw it halt customer withdrawals last month; crypto lending platform CoinLoanlimitingthe size of withdrawals; and another crypto lender, Singapore-based Vauld,suspendingall withdrawals, trading and deposits on its platform as it looks at restructuring options. Troubled economic backdrop Kuptsikevich noted the troubled economic backdrop that is likely to continue bedeviling crypto markets. "The global picture remains bearish as stock markets show no glimpses of tightening financial conditions by central banks," Kuptsikevich wrote. "On the weekly charts, BTCUSD remains below the 200-week average, having failed a timid attempt to climb higher last week." S&P 500: 3,825 +1% DJIA: 31,097 +1% Nasdaq: 11,127 +0.9% Gold: $1,808 +.02% China's Blockchain Revolution May Be Falling Short Blockchain technology is a national priority for Beijing,having been name-checkedin 2019 by People’s Republic of China President Xi Jinping as an important opportunity that needs to be seized, andmentioned asa key technological pillar of China’s five-year policy plan in 2021. “We must take the blockchain as an important breakthrough for independent innovation of core technologies,” Xi has been quoted as saying, outlining the government’s policy to integrate the technology into the IT fabric of the bureaucracy at large. And with this came theBlockchain Service Network(BSN), a state-backed infrastructure program that would allow enterprise developers to assemble and develop code to build blockchain-based applications with relative ease. Of course, this isn’t real blockchain per se. It’s a neutered version of that called "permissioned blockchain." No corporation or government, in China or elsewhere, wants their key data to be in a decentralized state they can’t control. As theSouth China Morning Post reportedlast week, China is home to nearly 1,800 blockchain services companies that purport to be integrated into most parts of the economy and bureaucracy. Companies are unconvinced There’s a problem, though: Outside of China, companies have realized thatenterprise blockchain ispretty useless. As CoinDesk reported in early 2021, IBM (IBM), which is effectively synonymous with enterprise computing, hasdismantled its blockchain team. Shortly after,Microsoft (MSFT) discontinuedits Blockchain service on Azure cloud. The U.S. Food and Drug Administration, which once touted blockchain as part of a "smarter era of food safety," hasabandoned the initiative. Technology market research firm Gartnernoted in its hype cycle forecastfor 2021 that “successful permissioned enterprise blockchain projects are scarce.” While things like decentralized finance, payments, and tokenization all have some appeal, Gartner said, enterprise blockchain is stuck because “most users are stuck trying to align use cases to the technology.” “The value of permissioned blockchain is hard to understand since it does not implement the most revolutionary aspect of public blockchains – i.e., trust minimization and elimination of central authority, achieved via decentralized consensus,”Gartner wrotein another post on the topic. Incentives In China’s case, companies are doubling down on blockchain because of the manyincentives available, such as a $140 millionsubsidy fund in Guangzhou– the actual utility of the technology be damned. If the governmentthinks the technologywill help its economic ambitions and wants to throw money at it, companies will happily oblige and play along. This is especially true if they can leverage this with investors to juice a funding round. At one time,China was hometo nearly 35,000 blockchain companies, according to publicly available corporate registration data. Of course many were firms jumping in by adding blockchain to their name to access development subsidies, as well as out-and-out frauds. That number, according to SCMP’s report, is down to around 1,800, so the herd has been thinned. Still, it's questionable what exactly these 1,800 companies are doing. On-chain data is key to verifying any claims involving blockchain. But with these permissioned chains, it's impossible to use a block explorer to inspect the data and verify claims of data volume, something that’s a central tenant for the “trust machine” that is blockchain. 8:30 a.m. HKT/SGT(12:30 a.m. UTC):Jibun Bank Services PMI(June) 9:45 a.m. HKT/SGT(UTC):Caixin (China) Services PMI(June) In case you missed it, here is the most recent episode of"All About Bitcoin"onCoinDesk TV: Genesis Exposure to 3AC, Caitlin Long on Crypto Industry Blowups In one of the biggest scams in crypto history, the Commodity Futures Trading Commission (CFTC) is charging South African bitcoin club Mirror Trading International with $1.7 billion fraud. CoinDesk's Managing Editor for News Danny Nelson shared insights into this story. Plus, Caitlin Long of Custodia Bank discussed crypto regulations and Nick Mancini of Trade The Chain provided market analysis. Three Arrows Paper Trail Leads to Trading Desk Obscured Via Offshore Entities:As Three Arrows Capital collapsed under market pressure, its much-lesser known trading desk, TPS Capital, remained active, sources say. But a complex ownership structure might frustrate creditors' efforts to collect. Crypto Lender Celsius Cuts 150 Jobs Amid Restructuring: Report:Withdrawals are still paused and the company has hired restructuring experts as it faces a financial crisis. Bitcoin Recovers to Over $19K; Nomura Warns of US, UK Recession:Nomura warned of a recession in the eurozone, U.K. and Asia Pacific, which could influence crypto prices. LTCM and Other History Lessons for Crypto:From Long-Term Capital Management to the 2008 financial crisis, crypto's recent woes have echoes in the past, says CoinDesk's chief content officer. Other voices:Bitcoin Prices Struggle Below $20,000. Why Tuesday Could Bring a Bigger Move.(Barron's) "The Vauld management wishes to inform that we are facing financial challenges despite our best efforts. This is due to a combination of circumstances such as the volatile market conditions, the financial difficulties of our key business partners inevitably affecting us, and the current market climate... - Reddit Posts (Sample): [['u/DidItForButter', 'How To Protect Yourself While Using r/HardwareSwap', 207, '2022-07-27 00:18', 'https://www.reddit.com/r/hardwareswap/comments/w8ww0v/how_to_protect_yourself_while_using_rhardwareswap/', 'Short Guide to protecting yourself while using r/hardwareswap. This should supplement our [rules](https://www.reddit.com/r/hardwareswap/wiki/rules/rules) and [wikis](https://www.reddit.com/r/hardwareswap/wiki/index) to avoid scams and bans.\n\nEDITS WILL BE LISTED, DATED, AND DETAILING CHANGES HERE. Check this thread for updates.\n\nEdit 1 - 26Jul22: Ensure members comment in buying/selling thread/check the hws scammer list\n\n#Scams:\n\n1\\. PayPal Goods and Services (G&S, Invoice) is the only payment method for non-local sales.\n No if, ands, or buts. Paper money only for local sales, as digital payment can be charged-back.\n\n1a. "I don\'t want to pay taxes at EOY", "My PayPal is messed up, BTC is easier", "But this service also provides protection".\nThese are red flags. Report any activity of this nature to [modmail](https://www.reddit.com/message/compose/?to=/r/hardwareswap). \n\n1b. PayPal G&S can be initiated via PayPal Money Request (followed by "Paying for an Item or Service") or Invoice.\n Invoice is suggested as it lets the seller detail exactly the condition and type of item that\'s being sold. This helps if a fraudulent dispute is placed by the buyer.\n\n2\\. PayPal G&S Scams: G&S exploits occur when the user doesn\'t exercise common sense and places too much trust in the scammer.\n\n2a. Requesting buyer confirm receipt of item before actually receiving item is a scam. How? If you confirm the item ("So PayPal can release the funds because I need money for rent") before receiving, you\'ve waived your right to dispute the item never being shipped to you.\n\n2b. Seller requests user disputes transaction in lieu of refunding due to PayPal account issues is a scam. You have one chance to dispute a transaction. Do not burn it unless you actually need to dispute.\n\n2c. Buyer paying invoice and asking to send to another address is a scam ("Sorry, messed up on PayPal please send it to 123 Scam Ave, Mattapan MA instead"). Why? Address that buyer lists on invoice when paying is the only address that matters. Sending elsewhere is technically "Never received item" per the tracking information. If this occurs, refund user and go with your gut. You can either report them (with screenshots) to us or send another invoice and remind them to enter the correct address. If buyer backs out on second attempt, report them to us.\n\n2d. Splitting payment into multiple is a scam. Buyer can\'t afford the item in one go? Probably for the best you move on to another buyer. Why? Depending on how you split the payment, they could dispute the higher-charged item and get your item for the lower installment price.\n\n3\\. Fraudulent Disputes happen. Buyer claims item doesn\'t work, arrived broken despite perfect packing, or never received item.\n\n3a. Mitigation happens prior to sale. High value items, traceable items, or anything that you care about should have timestamps taken of condition in good lighting, clear serial numbers, and the item packed in an open box. These are for you and, if necessary, PayPal only.\n\n3b. Use PayPal Invoice \'s description box to describe exactly what you\'re selling. There is a difference between "Used Valve Index" and "Valve Index with 2 OEM controllers, 2 OEM base stations, in used condition, light scratching on lenses, light to moderate wear on headset, no mounting hardware, no box."\n\n3c. Include tracking information on PayPal invoice ("Click here to add tracking information"). This can be done during or after payment. I personally include it after the UPS/USPS/FedEx member has taken my package from me. This ensures the tracking number won\'t change. High value items should be hand-receipt only. This ensures a case for "stolen from porch" becomes baseless. Insure items if you have any concern of damage in transit.\n\n4\\. As mentioned before, you have one shot at a dispute rebuttal. If issue cannot be resolved in chat:\n\n4a. [Message moderators of r/hardwareswap](https://www.reddit.com/message/compose/?to=/r/hardwareswap) before doing anything with the dispute. Send pm conversations and PayPal invoice via a hidden/private imgur album in your message to us. We have a pretty good track record of getting an agreement from both parties. Be advised that you both will be permanently banned until issue is resolved.\n\n4b. Leave emotion out of dispute process. \n\n4c. Use screenshots that connect the buyer to the reddit account (Your sales post has "PM" comment from the user, your PMs have agreement to purchase and their PayPal email address). \n\n4d. Use photos referenced from 3a and description from 3b for Significantly not as described disputes.\n\n#Bans:\n\n1\\. Price Policing has not been allowed at all for months. There\'s this universal idea that poor Little Timothy may be spending his year\'s allowance on a overpriced Steam Deck, and certain members feel the need to save poor, stupid Little Timothy from wasting his money. Many times the comments are abusive or plain aggressive. If someone wants to spend however much money on an item, that is their right. This is a marketplace. Prices change with all the economic factors that exist outside of here. The same people who price policed inflated RTX3000 series GPUs at launch sold their 10 and 20 series GPUs later for inflated prices.\n\n2\\. Deleting Posts. Not allowed, never allowed. No matter your excuse for deleting, we cannot verify it. A 3 day posting restriction will be imposed for first offense. Delete a post to repost the same post within a 3 day period? Automatic 7 day ban for first offense.\n\n3\\. If we ban you after you make a post, you done did goofed. 3 rules broken in one post means you need to [read the rules](https://www.reddit.com/r/hardwareswap/wiki/rules/rules). The ban is to give you time to do so.\n\n4\\. If you are permanently banned "out of nowhere", either you asked for forbidden payments, have an unsettled issue with another (also banned) user, or have broken enough rules where you have a clear disregard for the etiquette of the subreddit. \n\n5\\. Auctioning is not allowed. Whether you explicitly state its an auction or use PMs to get higher offers "Someone already offered me +$XX so unless you can do better..." you will be banned. You list a price, and you pick one of the eligible buyers who meets that price or lower.\n\n#Other:\n\n1\\. Stop confirming trades before receiving the item. Flair isn\'t a competition. Confirm trade only when seller gets his PayPal payment and the buyer has the item that they tested and deemed exactly as described. Also Local Trades cannot be used for flair. If you confirm a local transaction in the Confirmed Trade Thread, you will lose all flair until you provide proof of ALL prior transactions.\n\n2\\. *Users must* comment on your posts (and vice versa) before you continue with PM talks.** This is a key first step as it indicates the user currently isn\'t on our scammer list. They may still be a scammer with an alt, so abide by the payment rules and other wiki items. We also have a [scammer list](https://old.reddit.com/r/hardwareswap/wiki/banlist) that we have built over the years. The [Universal Scammer List](https://universalscammerlist.com/search.php) is also a resource.\n\n^^Tags: ^^hardware, ^^mods, ^^power-hungry, ^^fedora, ^^basement, ^^momma, ^^tech, ^^professional ^^dog ^^walkers', 'https://www.reddit.com/r/hardwareswap/comments/w8ww0v/how_to_protect_yourself_while_using_rhardwareswap/', 'w8ww0v', [['u/Th3MadCreator', 44, '2022-07-27 01:43', 'https://www.reddit.com/r/hardwareswap/comments/w8ww0v/how_to_protect_yourself_while_using_rhardwareswap/ihs8cj4/', "I can't believe y'all had to make another post about all of this. Like there was a whole ass stickied post on the subreddit for months.", 'w8ww0v'], ['u/PerpetualSound', 28, '2022-07-27 02:20', 'https://www.reddit.com/r/hardwareswap/comments/w8ww0v/how_to_protect_yourself_while_using_rhardwareswap/ihsdgxp/', "I've never conducted a local trade, so I'm not too familiar with the circumstances surrounding one. Why don't local trades count towards flair?", 'w8ww0v'], ['u/kennymase', 16, '2022-07-27 02:35', 'https://www.reddit.com/r/hardwareswap/comments/w8ww0v/how_to_protect_yourself_while_using_rhardwareswap/ihsffwf/', "People don't read, they just assume.", 'w8ww0v'], ['u/KlondikesAreAwesome', 47, '2022-07-27 02:39', 'https://www.reddit.com/r/hardwareswap/comments/w8ww0v/how_to_protect_yourself_while_using_rhardwareswap/ihsfzds/', 'To stop someone from just having a friend "buy" something from you and then your rep goes up, making you seem more of an experienced and trusted seller. That\'s why it follows it up with:\n>"If you confirm a local transaction in the Confirmed Trade Thread, you will lose all flair until you provide proof of ALL prior transactions"', 'w8ww0v'], ['u/PerpetualSound', 10, '2022-07-27 02:41', 'https://www.reddit.com/r/hardwareswap/comments/w8ww0v/how_to_protect_yourself_while_using_rhardwareswap/ihsg7g5/', "That's what I assumed it meant. Thanks for clarifying.", 'w8ww0v'], ['u/jman3350', 22, '2022-07-27 02:47', 'https://www.reddit.com/r/hardwareswap/comments/w8ww0v/how_to_protect_yourself_while_using_rhardwareswap/ihsgz38/', 'Out of curiosity, in reference to BANS: 5. Auctioning is not allowed, "You list a price, and you pick one of the eligible buyers who meets that price or lower."\n\nIf someone were to list an item for a price you think is fair and people come in PM\'s offering more, is it against the rules to accept the higher offer that you didn\'t solicit? I can understand starting a bidding war is against the rules, but was just wondering how it works.', 'w8ww0v'], ['u/DidIt... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Both crypto and traditional markets saw significant gains overnight Monday in Asia after the U.S. Federal Reserve announced a 75-basis point interest rate increase to battle the worst inflation in the country in some 40 years. See related article: Fed may increase interest rates amid rising inflation Fast facts Interest rates in the U.S. are now running at a 2.25% to 2.50% range in the fastest tightening of rates since the 1980s. Fed Chair Jerome Powell rejected the notion the U.S. was in a recession due to the current strong employment rate. Powell acknowledged the pain that the sharp increase was causing low-income earners but said this aggressive fiscal tightening policy was necessary to combat runaway inflation. All major tokens were trading up in the 24 hours before Asian business hours on Monday, with Bitcoin gaining over 8% and Ethereum 14.5% to trade at US$22,840 and US$1,625, respectively. The crypto market cap was back above US$1 trillion dollars for the first time since a brief period on Monday, according to CoinMarketCap . The tech-heavy NASDAQ Composite Index finished trading up 4%, while the S&P 500 Index closed the day up 2.6% and the Dow Jones Industrial Average was up 1.3%. See related article: Crypto on a roller coaster as market braces for Fed guidance on rates', 'Both crypto and traditional markets saw significant gains overnight Monday in Asia after the U.S. Federal Reserve announced a 75-basis point interest rate increase to battle the worst inflation in the country in some 40 years. See related article: Fed may increase interest rates amid rising inflation Fast facts Interest rates in the U.S. are now running at a 2.25% to 2.50% range in the fastest tightening of rates since the 1980s. Fed Chair Jerome Powell rejected the notion the U.S. was in a recession due to the current strong employment rate. Powell acknowledged the pain that the sharp increase was causing low-income earners but said this aggressive fiscal tightening policy was necessary to combat runaway inflation. All major tokens were trading up in the 24 hours before Asian business hours on Monday, with Bitcoin gaining over 8% and Ethereum 14.5% to trade at US$22,840 and US$1,625, respectively. The crypto market cap was back above US$1 trillion dollars for the first time since a brief period on Monday, according to CoinMarketCap . The tech-heavy NASDAQ Composite Index finished trading up 4%, while the S&P 500 Index closed the day up 2.6% and the Dow Jones Industrial Average was up 1.3%. See related article: Crypto on a roller coaster as market braces for Fed guidance on rates', 'Crypto markets rallied on Wednesday and Thursday after the U.S. Federal Reserve raised its benchmark interest rate by 0.75% for the second time in two months in a widely telegraphed move . Ether is up 10% to $1,616 in the past 24 hours in early morning trading U.K. time, according to data from The Defiant’s newly released charting tool. Bitcoin rose 7.4% to $22,897. Solana and Polkadot also rallied 16.5% and 11% respectively. Source: The Defiant Terminal Repeated interest rate hikes this year by the Fed and other central banks may be working, the Fed said in announcing its decision. “Recent indicators of spending and production have softened,” it said in a news release. Investors love the sound of that and the S&P 500 Index, the leading bellwether for stocks in the U.S., jumped 2.6% on Wednesday. Cryptocurrencies have been correlated with equities fas a risk asset or several quarters now, and investors have been buying and selling both types of assets in tandem. Still Running Hot But other metrics — namely the unemployment rate and, of course, the consumer price index — suggest an economy that is still running hot, and the Fed indicated more interest rate hikes would be forthcoming. Such hikes increase the cost of borrowing in the broader economy. The cascading effect — less spending by businesses and consumers, less revenue for businesses, and, eventually, layoffs — is meant to cool demand for goods and services, easing upward pressure on prices. Markets typically drop as interest rates rise. But observers had expected Wednesday’s 75 basis point hike, and were relieved the Fed did not take more aggressive action than forecast. “The outlook hasn’t looked this good in a while,” Hal Press, the founder of crypto hedge fund North Rock Digital, tweeted. “We just got first signs of a real fed pivot, earnings are better than feared and there’s no more meetings for two months.” Wednesday’s rally wasn’t limited to Layer 1 tokens. DeFi tokens surged after the Fed’s decision, according to data from The Defiant Terminal, with Lido’s LDO up 33%, AAVE up 15%, UNI up 13.7% and Curve’s CRV up 9.1%. Story continues Layer 2 rollup Optimism’s OP is up 27% in the past day. Source: The Defiant Terminal LDO, like ETH, has outperformed over the past couple of weeks as anticipation builds for The Merge, Ethereum’s long-awaited transition to the environmentally friendly proof-of-stake transaction consensus mechanism. Updated on Thursday to report overnight price moves in cryptocurrencies. Read the original post on The Defiant', 'Crypto markets rallied on Wednesday and Thursday after the U.S. Federal Reserve raised its benchmark interest rate by 0.75% for the second time in two months in awidely telegraphed move.\nEther is up 10% to $1,616 in the past 24 hours in early morning trading U.K. time, according todatafrom The Defiant’s newly released charting tool. Bitcoin rose 7.4% to $22,897. Solana and Polkadot also rallied 16.5% and 11% respectively.\nRepeated interest rate hikes this year by the Fed and other central banks may be working, the Fed said in announcing its decision.\n“Recent indicators of spending and production have softened,” it said in a news release. Investors love the sound of that and the S&P 500 Index, the leading bellwether for stocks in the U.S., jumped 2.6% on Wednesday. Cryptocurrencies have been correlated with equities fas a risk asset or several quarters now, and investors have been buying and selling both types of assets in tandem.\nBut other metrics — namely the unemployment rate and, of course, the consumer price index — suggest an economy that is still running hot, and the Fed indicated more interest rate hikes would be forthcoming.\nSuch hikes increase the cost of borrowing in the broader economy. The cascading effect — less spending by businesses and consumers, less revenue for businesses, and, eventually, layoffs — is meant to cool demand for goods and services, easing upward pressure on prices.\nMarkets typically drop as interest rates rise. But observers had expected Wednesday’s 75 basis point hike, and were relieved the Fed did not take more aggressive action than forecast.\n“The outlook hasn’t looked this good in a while,” Hal Press, the founder of crypto hedge fund North Rock Digital, tweeted. “We just got first signs of a real fed pivot, earnings are better than feared and there’s no more meetings for two months.”\nWednesday’s rally wasn’t limited to Layer 1 tokens. DeFi tokens surged after the Fed’s decision, according todatafrom The Defiant Terminal, with Lido’s LDO up 33%, AAVE up 15%, UNI up 13.7% and Curve’s CRV up 9.1%.\nLayer 2 rollup Optimism’s OP is up 27% in the past day.\nLDO, like ETH, has outperformed over the past couple of weeks as anticipation builds for The Merge, Ethereum’s long-awaited transition to the environmentally friendly proof-of-stake transaction consensus mechanism.\nUpdated on Thursday to report overnight price moves in cryptocurrencies.\nRead the original post onThe Defiant', "By Scott Kanowsky Investing.com -- The dollar lost ground on Thursday as investors digested an as-expected 75 basis point interest rate rise by the Federal Reserve and eyed comments about potential future hikes. The dollar index - which measures the greenback against a basket of other major currencies - dropped by 0.31% to 106.12 as of 02:40 EST (0640 GMT), hovering just above its lowest mark since July 5. The U.S. currency's yield-sensitive pairing with the yen (USD/JPY) also fell 0.86% to 135.38 yen after a sharp decline in the 2-year Treasury yield. It earlier touched 135.105 yen, the weakest level since July 6. The moves come after the Fed increased its policy target interest rate on Wednesday by three-quarters of a percent for the second month in a row. Traders focused in particular on statements from Fed Chair Jerome Powell, who dropped guidance on the size of the next rate rise. That, in turn, heightened the possibility that the central bank could soon slow the pace of hikes. “We have the best part of two months until the September 21st FOMC meeting, a period that includes two jobs reports, two inflation reports and the Fed’s Jackson Hole symposium. A lot could happen in that time so it is unsurprising that the Fed is being somewhat vague in its forward guidance,” said analysts at ING, in a note. Also factoring into investors' minds is the latest reading of U.S. gross domestic product for the second quarter, which is due out later today. Another negative reading would meet the technical definition of a recession, though the United States chooses to define such an event differently. Meanwhile, the euro is marginally higher against the dollar, up 0.04% to $1.0206, ahead of preliminary German inflation data scheduled for release later on Thursday. Traders will be on the lookout for signs that price pressures in Europe's largest economy - and the broader Eurozone - are starting to ease. The pound also gained against the dollar, trading in the green by 0.16% to $1.2170. Story continues Finally, cryptocurrency Bitcoin surged by 8.62% to $23,117.2, adding on to sharp gains from the prior session. Related Articles Dollar Slips as Traders Weigh Powell Comments on Future Rate Hikes Analysis-Hint of a Fed pause opens door to Asia's emerging markets Bears raise bets on Thai baht, dim view on other Asian FX eases - Reuters poll", "By Scott K Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-07-28 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $454,340,828,625 - Hash Rate: 194101307.8186414 - Transaction Count: 287254.0 - Unique Addresses: 697022.0 Social & AI Sentiment: - Fear & Greed Index: 0.32 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Key Insights: XRP rose by 3.04% on Thursday. Following a 2.15% gain on Wednesday, XRP ended the day at $0.342. Market reaction to the FOMC meeting minutes from Wednesday supported a broad-based crypto rally on Thursday. Technical indicators are more bullish, with XRP sitting at the 200-day EMA. On Thursday, XRP rose by 3.04%. Following a 2.15% gain on Wednesday, XRP ended the day at $0.3420. A bearish morning saw XRP fall to a low of $0.3262. Steering clear of the First Major Support Level (R1) at $0.3230, XRP rallied to a high of $0.3452. XRP broke through the First Major Resistance Level (S1) at $0.3371 and the Second Major Resistance Level (S2) at $0.3424. Coming up short of $0.35 levels, XRP eased back to end the day at $0.34 levels. A pickup in risk appetite delivered support, with the NASDAQ 100 rallying by 2.28%. Investor reaction to the FOMC meeting minutes from Wednesday delivered the upside on the day. XRP-NASDAQ – 080722 1-Hour chart The FOMC meeting minutes highlighted the risk of rate hikes having a ‘larger-than-expected effect on economic growth.’ Prior to the minutes, the markets had priced in a 75 basis point rate hike for July. However, the minutes revealed that participants judged a 50 or 75 basis point increase as appropriate. While XRP remained in the hands of broader market risk sentiment, the ongoing SEC v Ripple case remains the key driver. XRP in the Hands of Broader Market Ahead of SEC v Ripple Ruling Since this week’s SEC filings on expert testimony, investors continue to await the all-important court ruling on SEC motions to protect William Hinman’s speech-related documents under the attorney-client privilege. In 2018, the former SEC Director of the Division of Corporation Finance said that Bitcoin ( BTC ) and Ethereum ( ETH ) are not securities. The ruling could turn the case on its head at a tough time for SEC Chair Gary Gensler. On Thursday, the Wall Street Journal published a piece on the SEC Chair and his moves to take regulatory ownership of the crypto market. Story continues The report followed news of US lawmakers questioning the SEC targeted approach towards crypto firms that stifle innovation. XRP Price Action At the time of writing, XRP was up 1.23% to $0.3462. A bullish start to the day saw XRP rise from a low of $0.3418 to a high of $0.3580 before easing back. XRP broke through the First Major Resistance Level (R1) at $0.3494 and the Second Major Resistance Level (R2) at $0.3568 before a slide back to sub-$0.3450. XRPUSD 080722 Daily Chart Technical Indicators Avoiding the $0.3378 pivot would bring the First Major Resistance Level (R1) at $0.3494 back into play. XRP would need the support of the broader market to avoid a return to sub-$0.34. In the case of an extended crypto rally, XRP could retarget the Second Major Resistance Level (R2) at $0.3568 and the morning high of $0.3580. The Third Major Resistance Level sits at $0.3758. A fall through the pivot would bring the First Major Support Level (S1) at $0.3304 into play. Barring an extended sell-off, XRP should avoid sub-$0.3250 and the Second Major Support Level (S2) at $0.3188. The Third Major Support Level (S3) sits at $0.2998. A court ruling on the Hinman speech-related documents would mute the influence of the Support and Resistance Levels. XRPUSD 080722 Hourly Chart The EMAs and the 4-hourly candlestick chart (below) send a bullish signal. At the time of writing, XRP sat around the 200-day EMA, currently at $0.3527. Today, the 50-day EMA converged on the 100-day EMA. The 100-day EMA narrowed to the 200-day EMA, XRP price positive. A move back through R1 and the 200-day EMA would bring R2 back into play. A bullish cross of the 50-day EMA through the 100-day EMA would support a run at $0.37 and R3. While the Hinman ruling remains the key, US nonfarm payrolls from the US will influence market risk sentiment later today. XRPUSD 080722 4-Hourly Chart This article was originally posted on FX Empire More From FXEMPIRE: GBP/JPY Weekly Price Forecast – The British Pound Has a Wild Ride Against the Japanese Yen Britain’s Queen Elizabeth ‘deeply saddened’ by death of Japan’s Abe GBP/USD Weekly Price Forecast – The British Pound Continues to Slump Wisconsin Supreme Court outlaws ballot drop boxes for elections Rogers network outage across Canada hits banks, businesses and consumers Does Selling Put Options During A Market Downturn Provide A Safety Net?... - Reddit Posts (Sample): [['u/troythedefender', 'Buying Eth Classic is dumb as Dogeshit.', 363, '2022-07-28 01:42', 'https://www.reddit.com/r/CryptoCurrency/comments/w9ttdr/buying_eth_classic_is_dumb_as_dogeshit/', 'Eth classic is pumping today, despite being a useless chain, solely because crypto miner Antpool announced a $10 million investment in Eth classic. You must ask yourself why Antpool would announce such an investment (a relatively trivial one at that - $10 million is fairly small compared to what most legitimate chains invest in development. Example, Polygon announced a $100 million developer fund a couple months ago on top of millions invested over the last year. Many more examples of other chains if you have been paying attention). \n\nThe reason is likely because Antpool is one of the biggest crypto miners, the 3rd largest Bitcoin mining pool and 14th largest Ethereum mining pool. As such, they have the most to lose when proof of work projects die out, which most inevitably will absent perhaps Bitcoin. They know Eth’s merge to proof of stake this year will further kill the utility of an already useless chain like Eth Classic. Without users, mining pools like Antpool that mine dead chains like Eth classic become less profitable. So they make an announcement of a trivial investment fund to get you to buy it so they can sell their mined Eth classic at a bit higher price. Buy away if you choose, but buyer beware, because there’s only one true, functional, and highly developed Ethereum and it doesn’t have the word classic in its name.', 'https://www.reddit.com/r/CryptoCurrency/comments/w9ttdr/buying_eth_classic_is_dumb_as_dogeshit/', 'w9ttdr', [['u/ACorDC', 16, '2022-07-28 01:44', 'https://www.reddit.com/r/CryptoCurrency/comments/w9ttdr/buying_eth_classic_is_dumb_as_dogeshit/ihx82cz/', "It's all a casino. Who cares what other people gamble on?", 'w9ttdr'], ['u/BakedPotato840', 385, '2022-07-28 01:48', 'https://www.reddit.com/r/CryptoCurrency/comments/w9ttdr/buying_eth_classic_is_dumb_as_dogeshit/ihx8jhx/', 'So this post pretty much guarantees ETC will keep pumping', 'w9ttdr'], ['u/troythedefender', 83, '2022-07-28 01:50', 'https://www.reddit.com/r/CryptoCurrency/comments/w9ttdr/buying_eth_classic_is_dumb_as_dogeshit/ihx8sxp/', 'Exactly my hope. Reverse psychology. Works everytime, fifty percent of the time.', 'w9ttdr'], ['u/oshinbruce', 71, '2022-07-28 02:06', 'https://www.reddit.com/r/CryptoCurrency/comments/w9ttdr/buying_eth_classic_is_dumb_as_dogeshit/ihxayu9/', 'Theres a bigger point here, Ant pool is owned by bitmain, who make dedicated ETH miners. Those wont even be good as paperweights once the difficulty bomb hits. Bitmains eth miner stock will be worth 0 unless there is a crypto worth mining based on ETHs protocol, so you bet they will be trying to push eth classic and anything else that will worth with there miners', 'w9ttdr'], ['u/Libertymark', 19, '2022-07-28 02:18', 'https://www.reddit.com/r/CryptoCurrency/comments/w9ttdr/buying_eth_classic_is_dumb_as_dogeshit/ihxcpau/', 'Exit liquidity\n\nOnly muppets buying', 'w9ttdr'], ['u/BlubberWall', 11, '2022-07-28 02:36', 'https://www.reddit.com/r/CryptoCurrency/comments/w9ttdr/buying_eth_classic_is_dumb_as_dogeshit/ihxf5m5/', 'It’s a smart contract chain with no real smart contract use or development. It’s an inert chain, I agree it should be worth nothing but this space is still so incredibly speculative that people buy it. \n\nIt should be treated the same way as other shitcoins that do nothing', 'w9ttdr'], ['u/wee_d', 14, '2022-07-28 02:51', 'https://www.reddit.com/r/CryptoCurrency/comments/w9ttdr/buying_eth_classic_is_dumb_as_dogeshit/ihxh98v/', 'I started buying Eth Classic about 2 months ago. Best decision I ever made. Got it at around $11', 'w9ttdr'], ['u/mardix', 62, '2022-07-28 03:14', 'https://www.reddit.com/r/CryptoCurrency/comments/w9ttdr/buying_eth_classic_is_dumb_as_dogeshit/ihxkdgl/', 'I learned not to listen to this sub.', 'w9ttdr'], ['u/Gordoniyke', 14, '2022-07-28 03:31', 'https://www.reddit.com/r/CryptoCurrency/comments/w9ttdr/buying_eth_classic_is_dumb_as_dogeshit/ihxmqiz/', "I'm exhausted at this point. So exhausted. At the end of the day we're dealing with humans. And humans are greedy and selfish", 'w9ttdr'], ['u/Garrydos', 10, '2022-07-28 03:33', 'https://www.reddit.com/r/CryptoCurrency/comments/w9ttdr/buying_eth_classic_is_dumb_as_dogeshit/ihxn0rz/', "What to believe in on ETC? There's nothing built on it.", 'w9ttdr'], ['u/dsmlegend', 29, '2022-07-28 03:35', 'https://www.reddit.com/r/CryptoCurrency/comments/w9ttdr/buying_eth_classic_is_dumb_as_dogeshit/ihxn6gj/', "It's a hedge against PoS. If the merge goes tits up, ETC will shine.\n\nEdit: this is an outsider's view point. I have never and do not plan to hold/use ETH or ETC.", 'w9ttdr'], ['u/katiecharm', 19, '2022-07-28 03:38', 'https://www.reddit.com/r/CryptoCurrency/comments/w9ttdr/buying_eth_classic_is_dumb_as_dogeshit/ihxno4c/', 'Proof of stake is a scam, and if you want to keep using superior proof of work - you have to port over to Eth Classic.', 'w9ttdr'], ['u/Thenoodlestreet', 45, '2022-07-28 04:09', 'https://www.reddit.com/r/CryptoCurrency/comments/w9ttdr/buying_eth_classic_is_dumb_as_dogeshit/ihxrudv/', 'What\'s funny about eth and eth classic is that eth classic is the chain that stuck to its original vision. The only reason eth is the bigger chain is because that\'s where all the rich whales went because they didn\'t wanna lose their money to a hack. So much for blockchain benefiting the "common man" or that it "can\'t be manipulated".\n\n"Code is law", unless the whales decide otherwise of course. What a joke. If this doesn\'t alarm you about how crypto isn\'t any different from any other structure that benefits the people at the top, then idk what will.', 'w9ttdr'], ['u/Formal_Drop_6835', 17, '2022-07-28 04:50', 'https://www.reddit.com/r/CryptoCurrency/comments/w9ttdr/buying_eth_classic_is_dumb_as_dogeshit/ihxx5m2/', 'A mad buttcoiner', 'w9ttdr'], ['u/Dream_Frequent', 10, '2022-07-28 05:08', 'https://www.reddit.com/r/CryptoCurrency/comments/w9ttdr/buying_eth_classic_is_dumb_as_dogeshit/ihxzed7/', 'Anyone who trusts POW more than POS, will automatically also move. \nAlso the smart contracts just need to ported, don’t have to be rebuilt from scratch. \nI think POW fans will come to ETC for smart contracts.', 'w9ttdr'], ['u/EchoCollection', 10, '2022-07-28 05:21', 'https://www.reddit.com/r/CryptoCurrency/comments/w9ttdr/buying_eth_classic_is_dumb_as_dogeshit/ihy0vdo/', 'I like those odds!', 'w9ttdr'], ['u/dsmlegend', 12, '2022-07-28 05:56', 'https://www.reddit.com/r/CryptoCurrency/comments/w9ttdr/buying_eth_classic_is_dumb_as_dogeshit/ihy4yd3/', "I don't buy anything if I don't personally have a use for it. In general, I think there is a huge amount of market irrationality stemming from people trying to front-run other people. But that's just hot air if this is the rationale for the majority of investors. Can't trust anyone but your own judgement. I stick with raw pragmatic utility (which means I get value regardless of the price).\n\nClosest I've got is getting a tiny amount of matic to allow for USDC transfers on polygon. Only got as much as I foresee I'd need to pay for fees.", 'w9ttdr'], ['u/Thenoodlestreet', 10, '2022-07-28 06:38', 'https://www.reddit.com/r/CryptoCurrency/comments/w9ttdr/buying_eth_classic_is_dumb_as_dogeshit/ihy9d5w/', "And when did I talk about using it? Your comment is a non sequitur. Literally has nothing to do with the point I'm trying to make. Me using it (or not) is irrelevant.", 'w9ttdr'], ['u/sharkhuh', 19, '2022-07-28 06:50', 'https://www.reddit.com/r/CryptoCurrency/comments/w9ttdr/buying_eth_classic_is_dumb_as_dogeshit/ihyale9/', 'If the merge goes tits up, the devs will address it and move forward. ETC is a dead chain in either scenario.', 'w9ttdr'], ['u/ebaley', 12, '2022-07-28 06:54', 'https://www.reddit.com/r/CryptoCurrency/comments/w9ttdr/buying_eth_classic_is_dumb_as_dogeshit/ihyawwo/', 'ETH is the "scam". ETC is the original uncensored chain. Buterin bailed out his buddies and made nonsense of "unstoppable" applications and smart contract autonomy.', 'w9ttdr'], ['u/ebaley', 12, '2022-07-28 06:54', 'https://www.reddit.com/r/CryptoCurrency/comments/w9ttdr/buying_eth_classic_is_dumb_as_dogeshit/ihyaz3s/', 'The largest holders control the protocol.', 'w9ttdr'], ['u/Wargizmo', 31, '2022-07-28 07:02', 'https://www.reddit.com/r/CryptoCurrency/comments/w9ttdr/buying_eth_classic_is_dumb_as_dogeshit/ihyboxx/', '>Theres a bigger point here, Ant pool is owned by bitmain\n\nI initially read that as "Ant pool is owned by Batman" and was confused as to why it woudn\'t be Ant Man.', 'w9ttdr'], ['u/Morning_Star_Ritual', 13, '2022-07-28 07:19', 'https://www.reddit.com/r/CryptoCurrency/comments/w9ttdr/buying_eth_classic_is_dumb_as_dogeshit/ihydc69/', 'Nah. \n\nFor one ETC has a warm place in the hearts of ogs. It’s the “code is law” original Ethereum. They didn’t care about the DAO hack, they cared about the chain and were purists. \n\nIt sickened many that the fork would even be suggested. Some feared it would destroy the project. And the amount of shit that was talked by maxis was crazy.\n\nNow? Maybe we will see miners reject the merge and switch to etc.\n\nAll I can say is when I see many in this sub shit on Solana, it warms my soul knowing those people would never touch ETH and it amazes me how many og people are here. It’s crazy seeing so many purists on the main sub.', 'w9ttdr'], ['u/Gxl4', 10, '2022-07-28 08:08', 'https://www.reddit.com/r/CryptoCurrency/comments/w9ttdr/buying_eth_classic_is_dumb_as_dogeshit/ihyhqa7/', 'Like a casino sir, 50/50', 'w9ttdr'], ['u/MilesPower', 11, '2022-07-28 08:13', 'https://www.reddit.com/r/CryptoCurrency/comments/w9ttdr/buying_eth_classic_is_dumb_as_dogeshit/ihyi64c/', "Doge is dumber and it will pump even more. It's what doge has always done and it doesn't look like it's going to stop any time soon.\n\nOG Memecoin ha... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['The Federal Reserve raised rates this week, by another 0.75%, toughening up its anti-inflationary stance. At the same time, Fed chair Jerome Powell indicated that the central bank may slow its pace on rate hikes, which gives some hope for a ‘soft landing,’ that may curb inflation while avoiding a deep recession. Markets rallied strongly in response to the Fed news.\nThe rally has made its way to cryptos, too, which have been tracking US stocks closely this summer. In particular, the largest crypto, Bitcoin, is up 21% this month.\nNexo crypto wallet co-founder Antoni Trenchev sees these developments as net gains, and predicts further near-term rally in BTC in his comments on the Fed meeting: “The conclusion of Wednesday’s Fed meeting opens up a summer window for a Bitcoin relief rally, given we now have two months until policymakers next deliberate on monetary policy.”\nSo it’s an interesting time to look at bitcoin mining stocks, which are highly correlated to the price of BTC. Using theTipRanks database, we identified two such equities that have received bullish praise from the Street, enough to earn a “Strong Buy” consensus rating. Let\'s take a closer look.\nCleanSpark(CLSK)\nThe first bitcoin miner we’ll look at it CleanSpark, a company with double-barreled focus – one barrel targeting bitcoin mining and the other aimed at clean energy. CleanSpark produces software products that allow close control of distributed energy systems, microgrids, and other off-the-grid power systems based on ‘green’ energy such as solar, wind, or nuclear. In CleanSpark’s particular case, it uses this technology to power its bitcoin mining operations.\nThose bitcoin mining ops are substantial. CleanSpark currently operates four mining facilities, in Texas, Georgia, and New York, and this month announced an expansion of mining capacity totaling 90 petahashes. This expansion was powered by the acquisition of new, ‘latest generation’ mining servers, 1,061 Whatsminer M30S machines, installed a facilities co-operated with Coinmint. In addition, CleanSpark also announced, in June, acquisition of a purchase contract for 1,800 Antminer S19 XP machines, along with water cooling infrastructure, for its mining facilities. These machines, when installed, will add another 252 petahashes per second to CleanSpark’s mining capabilities.\nAs of the end of June, CleanSpark’s BTC production had totaled 1,863 for the year. June’s production was 339, and production hit a company record-high rate of 12.1 BTC per day. The hashrate increased 12% from May, to a total hashrate of 2.8 EH/s. CleanSpark held a total of 561 BTC as of June 30, after converting 328 to pay for June operations.\nProduction on this scale delivered revenue of $41.6 million in the quarter ended March 31, compared to just $8.1 million in the year-ago quarter.\nAssuming coverage of CLSK for H.C. Wainwright, analystMike Colonneselikes what he sees in the company’s prospects for continued growth.\n"With a strong track record of solid execution and 600 megawatts (MW) of mining infrastructure already secured (capable of supporting ~20 EH/s), we are confident in CLSK’s future growth and ability to continue to win market share. As a top five miner with 2.8 EH/s of active hashing power, CLSK produced 339 BTC in the month of June (over 11/day). By our calculation, this makes CLSK the most efficient bitcoin miner in the industry (with an active EH/s >1)," Colonnese opined.\n“We believe the risk/reward profile for shares of CLSK is very favorable at current levels," the analyst summed up.\nTo this end, Colonnese rates CLSK shares a Buy, and his $6 price target implies a one-year potential gain of ~43% for the stock. (To watch Colonnese’s track record,click here)\nOverall, this small-cap bitcoin miner holds a Strong Buy consensus rating from the Wall Street analysts, and that rating is unanimous, based on 3 recent positive analyst reviews. The stock is selling for $4.20 and its $11.00 average price target indicates possible gain of ~162% in the year ahead. (See CLSK stock forecast on TipRanks)\nArgo Blockchain(ARBK)\nNext up is Argo Blockchain, a crypto mining firm based in London with its operations in North America. Argo has three active crypto mining facilities, one, Helios, located in Dickens County, Texas, and two located in Quebec, at Baie Comeau and Mirabel. The Mirabel facility is the smallest and the Texan location the largest; altogether, Argo boasts some 45 megawatts of power generation supporting 2.2 EH/s of bitcoin mining and 280 MS of equihash ZCash mining.\nLast month the company mined a total of 179 bitcoins, and increase of 44% over the May total of 124. The company sold off 637 bitcoin during the month to fund operations. Those operations included the ongoing expansion of the Helios crytpomining facility. Argo entered a contract for delivery and installation of 20,000 mining machines purchased from Bitmain; it is on track to complete this installation by October of this year. As of June 30, Argo held 1,953 bitcoin in its assets.\nDespite its solid production, growing exahash rate, and expanding operational footprint, Argo’s share price has been declining since its IPO last fall. The stock started trading on September 23, and closed its first day on the NASDAQ at $16.75; the stock is down 71% since then.\n5-star analystDarren Aftahi, of Roth Capital, has been covering Argo, and in his look at the company’s recent results he sees plenty of reason for longer-term optimism. Aftahi writes, “Helios began mining in early May and should provide a modest lift to 2Q mining capacity and a larger impact in 2H22 as ARBK looks to reach its 5.5 EH/s ending hash rate target... Overall, we remain encouraged that Helios should begin to enable ARBK to increase its network share back towards 1% by year-end and do so with little dilution risk to shareholders.”\nGoing on from these comments, Aftahi sets a Buy rating on ARBK shares – along with a $11 price target that indicates his confidence in a robust 142% upside for the next 12 months. (To watch Aftahi’s track record,click here)\nArgo has piqued the curiosity and attention of 5 Wall Street analysts, who have combined to give the shares a unanimous Strong Buy consensus rating. ARBK is currently trading for $4.84 and has an average price target of $11.40; this gives the stock a one-year upside potential of 135%. (See ARBK stock forecast on TipRanks)\nTo find good ideas for crypto stocks trading at attractive valuations, visit TipRanks’Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.\nDisclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.', 'The Federal Reserve raised rates this week, by another 0.75%, toughening up its anti-inflationary stance. At the same time, Fed chair Jerome Powell indicated that the central bank may slow its pace on rate hikes, which gives some hope for a ‘soft landing,’ that may curb inflation while avoiding a deep recession. Markets rallied strongly in response to the Fed news. The rally has made its way to cryptos, too, which have been tracking US stocks closely this summer. In particular, the largest crypto, Bitcoin, is up 21% this month. Nexo crypto wallet co-founder Antoni Trenchev sees these developments as net gains, and predicts further near-term rally in BTC in his comments on the Fed meeting: “The conclusion of Wednesday’s Fed meeting opens up a summer window for a Bitcoin relief rally, given we now have two months until policymakers next deliberate on monetary policy.” So it’s an interesting time to look at bitcoin mining stocks, which are highly correlated to the price of BTC. Using the TipRanks database , we identified two such equities that have received bullish praise from the Street, enough to earn a “Strong Buy” consensus rating. Let\'s take a closer look. CleanSpark ( CLSK ) The first bitcoin miner we’ll look at it CleanSpark, a company with double-barreled focus – one barrel targeting bitcoin mining and the other aimed at clean energy. CleanSpark produces software products that allow close control of distributed energy systems, microgrids, and other off-the-grid power systems based on ‘green’ energy such as solar, wind, or nuclear. In CleanSpark’s particular case, it uses this technology to power its bitcoin mining operations. Those bitcoin mining ops are substantial. CleanSpark currently operates four mining facilities, in Texas, Georgia, and New York, and this month announced an expansion of mining capacity totaling 90 petahashes. This expansion was powered by the acquisition of new, ‘latest generation’ mining servers, 1,061 Whatsminer M30S machines, installed a facilities co-operated with Coinmint. In addition, CleanSpark also announced, in June, acquisition of a purchase contract for 1,800 Antminer S19 XP machines, along with water cooling infrastructure, for its mining facilities. These machines, when installed, will add another 252 petahashes per second to CleanSpark’s mining capabilities. Story continues As of the end of June, CleanSpark’s BTC production had totaled 1,863 for the year. June’s production was 339, and production hit a company record-high rate of 12.1 BTC per day. The hashrate increased 12% from May, to a total hashrate of 2.8 EH/s. CleanSpark held a total of 561 BTC as of June 30, after converting 328 to pay for June operations. Production on this scale delivered revenue of $41.6 million in the quarter ended March 31, compared to just $8.1 million in the year-ago quarter. Assuming coverage of CLSK for H.C. Wainwright, analyst Mike Colonnese likes what he sees in the company’s prospects for continued growth. "With a strong track record of solid execution and 600 megawatts (MW) of mining infrastructure already secured (capable of supporting ~20 EH/s), we are confident Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-07-29 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $449,726,711,527 - Hash Rate: 200984332.91859323 - Transaction Count: 281608.0 - Unique Addresses: 708268.0 Social & AI Sentiment: - Fear & Greed Index: 0.39 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Don't miss CoinDesk's Consensus 2022 , the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12. Trust Machines, a developer building applications to grow the Bitcoin economy, has hired Manas Mohapatra and Asiff Hirji, formerly of BNY Mellon (BK) and Coinbase (COIN) respectively, in legal and advisory roles. Mohapatra joins as the company's general counsel, having served in a similar role at BNY Mellon, while former Coinbase Chief Operating Officer Hirji will operate as an adviser, Trust Machines announced on Wednesday . Trust Machines was co-founded by Stacks founder Muneeb Ali and Princeton University computer science professor J.P. Singh. It raised $150 million to expand Bitcoin as a Web3 platform in February with Breyer Capital, Digital Currency Group (the parent company of CoinDesk) and Union Square Ventures among the investors. The firm aims to build on the work of Stacks, a programming layer for Bitcoin, in making the network compatible for smart contracts. Bringing smart contracts capability to Bitcoin is a unique untapped market," Hirji said. "Muneeb and his team are leading that work through both EVM compatible and other safe programming environments through the Stacks layer for Bitcoin. I look forward to working with Muneeb to help grow the Bitcoin economy. Trust Machines has also hired to its engineering team Igor Sylvester, formerly of Facebook (FB) and Reddit. Read more: What Are Web3 Cryptos?... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Embily has added TRX for USDC stablecoin to its list of supported networks.\nTallinn, Estonia, July 29, 2022 (GLOBE NEWSWIRE) -- Embily has added TRX for USDC stablecoin to its list of supported networks. With this move, the crypto card provider continues to expand its range of usability and convenience, allowing the company to serve more transactions with USDC while fast-tracking support of the popular cryptocurrency and fiat off-ramp.\nThe addition of TRX (TRON blockchain network) allowsEmbilyusers to top up their crypto bank cards in USDC at lower network fees using the TRON network. The funds added to the Embily account will be instantly converted into Euros and ready to be used for online and offline purchases or cash withdrawals.\n“Use of the USDC stablecoin on the TRX network makes it easy for our users to quickly top-up Embily card by leveraging the bandwidth of the Tron network,” as stated by Embily CTO Eugeny Khashin. “Like USDT, USDC is a stablecoin, and it has to be supported because of its expansion rate in the DeFi world. We at Embily understand how important it is for our customers to have a choice,” Khashin says.\nAt present,Embilyaccepts BTC, ETH, BNB, TRX, DAI ERC-20, USDT ERC-20/TRC-20/OMNI and USDC ERC-20/TRC-20.\nThe USDC stablecoin is a digital currency regulated according to the financial laws of the United States. It is pegged in value to the US Dollar and is considered a popular choice among risk-averse cryptocurrency market participants seeking stability and a volatility-free, predictable instrument for everyday online transactions.\nFor now, Embily crypto cards are available only for residents of Europe, the United Kingdom, and immigrants from Ukraine to Europe. Still, it intends to significantly expand its geographic reach in 2022 and enter the markets of Singapore and the United States.\nEmbilyfinancial infrastructure allows individuals to use crypto-friendly cards to make everyday purchases using crypto as easily as fiat. Whether online or offline payments or ATM cash withdrawal - the wide range of convenient functions enable users to manage cryptos through a comprehensive one-stop interface.\nDisclaimer :\xa0There is no offer to sell, no solicitation of an offer to buy, and no recommendation of any security or any other product or service in this article. This is not an investment advice. Readers are encouraged to do there own research.\nMedia Contact:\nCompany Name: Embily\nContact Person:\xa0Elena Vino\nEmail: [email protected]\nWebsite:https://embily.com/\nNewsroom:socials.submitmypressrelease.com', 'Embily Embily has added TRX for USDC stablecoin to its list of supported networks. Tallinn, Estonia, July 29, 2022 (GLOBE NEWSWIRE) -- Embily has added TRX for USDC stablecoin to its list of supported networks. With this move, the crypto card provider continues to expand its range of usability and convenience, allowing the company to serve more transactions with USDC while fast-tracking support of the popular cryptocurrency and fiat off-ramp. The addition of TRX (TRON blockchain network) allows Embily users to top up their crypto bank cards in USDC at lower network fees using the TRON network. The funds added to the Embily account will be instantly converted into Euros and ready to be used for online and offline purchases or cash withdrawals. “Use of the USDC stablecoin on the TRX network makes it easy for our users to quickly top-up Embily card by leveraging the bandwidth of the Tron network,” as stated by Embily CTO Eugeny Khashin. “Like USDT, USDC is a stablecoin, and it has to be supported because of its expansion rate in the DeFi world. We at Embily understand how important it is for our customers to have a choice,” Khashin says. At present, Embily accepts BTC, ETH, BNB, TRX, DAI ERC-20, USDT ERC-20/TRC-20/OMNI and USDC ERC-20/TRC-20. The USDC stablecoin is a digital currency regulated according to the financial laws of the United States. It is pegged in value to the US Dollar and is considered a popular choice among risk-averse cryptocurrency market participants seeking stability and a volatility-free, predictable instrument for everyday online transactions. For now, Embily crypto cards are available only for residents of Europe, the United Kingdom, and immigrants from Ukraine to Europe. Still, it intends to significantly expand its geographic reach in 2022 and enter the markets of Singapore and the United States. Embily financial infrastructure allows individuals to use crypto-friendly cards to make everyday purchases using crypto as easily as fiat. Whether online or offline payments or ATM cash withdrawal - the wide range of convenient functions enable users to manage cryptos through a comprehensive one-stop interface. Story continues Disclaimer :\xa0There is no offer to sell, no solicitation of an offer to buy, and no recommendation of any security or any other product or service in this article. This is not an investment advice. Readers are encouraged to do there own research. Media Contact: Company Name: Embily Contact Person:\xa0Elena Vino Email: [email protected] Website: https://embily.com/ Newsroom: socials.submitmypressrelease.com', 'The line was delivered with the kind of menacing sneer debaters reserve for a knock-out rhetorical blow.\nDuring their heated exchanges on managing the economy in their television debate on Monday, July 25, the former Chancellor Rishi Sunak looked across at his opponent to become Prime Minister, Liz Truss, and demanded to know whether she was aware of what mortgage rates are in the United States.\n“C’mon, what are they,” he heckled while Truss remained stony-faced. If she were to admit that rates had almost doubled over the last six months, which as it happens they have, he clearly felt it would be fatal to her economic plans. The economy could not possibly be entrusted to someone that reckless.\nBut hold on. Is that really true? We have lived in a world of near-zero interest rates for 14 years now. We have become so used to them, we hardly even discuss them anymore. And yet, it now appears they are finally coming to an end as central banks around the world start to grapple with soaring inflation.\nIn the US, the Federal Reserve this week increased ratesby 0.75 percentage points, its fourth consecutive rise, and its benchmark lending rate is now at 2.5pc.\nThe Bank of England is steadily raising rates and will no doubt do so again in August. Even the European Central Bank (ECB) has finally, although belatedly, joined the party, with a 0.5 percentage points increase,its first increase after a decade with rates that were actually negative. Perhaps, as Sunak clearly believes, that will be a catastrophe for the global economy, plunging households and companies into bankruptcy, and we must do everything possible to keep cheap money flowing forever.\nAnd yet, it is also possible that zero rates were always an illusion, and one that ended up doing more harm than good. Ultra cheap money created a bitter generational divide as soaring house pricesmade it impossible for younger people to get on the property ladder; it created legions of zombie companies that were kept barely alive on easy credit; it encouraged feckless spending by governments that thought the bills would never fall due; it created an explosion of debt and fuelled asset-price bubbles; and it destroyed the incentive to save.\nTrue, free money might have helped rescue the economy in the wake of the financial crisis of 2008 and 2009. But one day interest rates will have to get back to normal – and now is the moment.\n“By any historical measure, interest rates have been exceptionally low for the last 14 years,” says Nicholas Crafts, emeritus professor at Warwick University and an expert in British economic history. “Even in the [worldwide depression of the] 1930s they did not go below 2pc, and even that was only for a few years. And yet, over that time, growth and productivity and investment have also been very weak.”\nThe zero-rate era has lasted far longer than anyone originally thought possible. Rewind to 2008, with banks around the world crashing, and with the financial system in turmoil, and central banks around the world slashed rates to 300-year lows. From 5pc before the crisis, by March 2009 the Bank of England had taken rates all the way down to just 0.5pc, the lowest level since it was founded in 1694, in an effort to boost the economy.\nAt the same time, it launched the first round of what was then a new-fangled strategycalled “quantitative easing”, a polite term for what used to be known as printing money. It was sold as a short-term crisis measure to prevent a re-run of the Great Depression.\nOnce everything was back to normal, interest rates would be raised again. But the return to normal never arrived. Instead, rates remained close to zero for the next decade, and were then cut again, all the way down to 0.1pc in the UK, to cope with the Covid-19 pandemic. In some countries, such as Sweden and Switzerland, and the eurozone, rates even went below zero.\nIn a through-the-looking-glass financial twist, you actually had to pay the bank to look after your money for you. Nothing like that had ever happened in financial history before.\nNo one denies the strategy helped the global economy recover from the crash of 2008. After a steep initial fall in output, most developed countries bounced back fairly quickly. The trouble was, as the years went by, financial and asset markets became more and more distorted. Like opioids, zero rates may have been effective in an emergency – but they quickly became addictive and potentially fatal as well.\nTake housing, to start with. As mortgage rates fell, debt loads became easier and easier to service for anyone who already owned a property, sending prices soaring upwards, and locking a whole generation out of the market. From £157,000 in 2009, by last year the price of the average British house had risen to £273,000 even though real wages Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-07-30 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $456,727,319,469 - Hash Rate: 177582047.57875702 - Transaction Count: 232696.0 - Unique Addresses: 601643.0 Social & AI Sentiment: - Fear & Greed Index: 0.42 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: El Salvador became the first country in the world to make bitcoin legal tender in September 2021 (Getty Images) El Salvador ’s bitcoin stockpile is now worth less than 50 per cent of the price it acquired it for following the latest crypto market crash. The losses, which total more than $50 million, pose an “extremely minimal” fiscal risk for the Central American country, according to Finance Minister Alejandro Zelaya. El Salvador has made 10 bitcoin investments since becoming the first country in the world to adopt the cryptocurrency as a legal form of tender in September, most recently last month when it bought 500 coins at an average price of $30,744. This brought the total reserves to 2,301 BTC, for which El Salvador paid $103,674,830, according to calculations by The Independent , putting the average purchase price at around $45,000. At today’s prices of $22,400 per bitcoin, El Salvador’s holdings are worth just over $50 million. Speaking at a press conference on Monday, when the losses were closer to $40 million, Mr Zelaya played down the impact of the latest bitcoin price crash on the country’s finances. “When they tell me that the fiscal risk for El Salvador because of bitcoin is really high, the only thing I can do is smile,” he said according to Reuters. “The fiscal risk is extremely minimal. 40 million dollars does not even represent 0.5 per cent of our national general budget.” El Salvador’s bitcoin experiment has faced criticism from the International Monetary Fund, who urged the country to ditch the cryptocurrency as an official currency in January. The IMF “stressed that there are large risks associated with the use of bitcoin on financial stability, financial integrity, and consumer protection, as well as the associated fiscal contingent liabilities.” Despite these warnings, the Central African Republic (CAR) voted in April to become the second country in the world to make bitcoin legal money . El Salvador President Nayib Bukele has been an outspoken advocate of the cryptocurrency, claiming it is “game over for fiat [currency]”. Story continues The intrinsic value of #Bitcoin is now in full display on the whole world. — Nayib Bukele (@nayibbukele) March 1, 2022 Bitcoin offers a way for Salvadorans to bypass high remittance fees, which are expected to pass half a billion dollars this quarter. It also reduces the country’s reliance on the US dollar, which is El Salvador’s only other official currency. President Bukele is planning to build a Bitcoin City on the Gulf of Fonseca in the south-east of the country, drawing power from the nearby Conchagua volcano. The geothermal energy from the volcano will also be used to power a bitcoin mine that will generate new units of the cryptocurrency, similar to operations in Iceland.... - Reddit Posts (Sample): [['u/exffund', 'Have you read the Bitcoin whitepaper?', 46, '2022-07-30 00:03', 'https://www.reddit.com/r/Bitcoin/comments/wbh0hf/have_you_read_the_bitcoin_whitepaper/', 'Did you invest in Bitcoin, after reading the whitepaper? Or did you follow the sharks? Or how is it?\n\n&#x200B;\n\nhttps://preview.redd.it/not300213ke91.png?width=881&format=png&auto=webp&s=a1be3067aa5e01f1b83ba184f6dbab0d69d36370', 'https://www.reddit.com/r/Bitcoin/comments/wbh0hf/have_you_read_the_bitcoin_whitepaper/', 'wbh0hf', [['u/konokonohamaru', 35, '2022-07-30 00:30', 'https://www.reddit.com/r/Bitcoin/comments/wbh0hf/have_you_read_the_bitcoin_whitepaper/ii6r6x3/', 'Yes, I read it. And I went and bought bitcoin after reading it.', 'wbh0hf'], ['u/konokonohamaru', 15, '2022-07-30 00:37', 'https://www.reddit.com/r/Bitcoin/comments/wbh0hf/have_you_read_the_bitcoin_whitepaper/ii6s1rq/', "This isn't from the whitepaper, but the biggest threat to Bitcoin, in my opinion, is the energy FUD", 'wbh0hf'], ['u/Jin-Sakti', 14, '2022-07-30 00:49', 'https://www.reddit.com/r/Bitcoin/comments/wbh0hf/have_you_read_the_bitcoin_whitepaper/ii6tq3o/', 'I’ve read the white paper \n\nBut if you keep digging deeper from a macroeconomics pov, your conviction to bitcoin will only increase ☺️\n\nhttps://bitcoin.org/bitcoin.pdf', 'wbh0hf'], ['u/CryptoCrumbSniffer', 27, '2022-07-30 00:51', 'https://www.reddit.com/r/Bitcoin/comments/wbh0hf/have_you_read_the_bitcoin_whitepaper/ii6u1h5/', "I read the white paper as a sophomore in college. I immediately began mining and hosted my own full node. I did several class projects on BTC and Blockchain and professed it to my fellow classmates. My senior project was creating my own cryptocurrency (didn't launch it publicly for ethical reasons. It's just a clone of Litecoin). I still have my original copy of the white paper from 2014 with all the notes I'd written on it. I'd also like to thank my college for providing 3 years of free electricity...", 'wbh0hf'], ['u/DatBuridansAss', 14, '2022-07-30 02:11', 'https://www.reddit.com/r/Bitcoin/comments/wbh0hf/have_you_read_the_bitcoin_whitepaper/ii74a4y/', "You don't seem to understand the meaning of FUD", 'wbh0hf']]], ['u/Sudden_Signature8768', 'Has Safemoon changed your perspective in crypto?', 32, '2022-07-30 00:09', 'https://www.reddit.com/r/SafeMoon/comments/wbh5jd/has_safemoon_changed_your_perspective_in_crypto/', "For me it was to never invest in hype BSC token ever again. I'm only putting money in BTC and ETH from now on", 'https://www.reddit.com/r/SafeMoon/comments/wbh5jd/has_safemoon_changed_your_perspective_in_crypto/', 'wbh5jd', [['u/StarTrekDad', 16, '2022-07-30 00:58', 'https://www.reddit.com/r/SafeMoon/comments/wbh5jd/has_safemoon_changed_your_perspective_in_crypto/ii6uz0g/', "I learned a ton. Made me understand the J curve, how to spot bad projects and the bear market is where millions are made. \n\nI've also invested in other good defi projects too such as Evergrow and Safuu. Learn to play the game and you'll be fine.", 'wbh5jd'], ['u/IamMPD', 15, '2022-07-30 01:42', 'https://www.reddit.com/r/SafeMoon/comments/wbh5jd/has_safemoon_changed_your_perspective_in_crypto/ii70pjx/', 'I just learned that all meme hype coins are all bubbles or scams', 'wbh5jd'], ['u/DelJaralla818', 18, '2022-07-30 03:01', 'https://www.reddit.com/r/SafeMoon/comments/wbh5jd/has_safemoon_changed_your_perspective_in_crypto/ii7apol/', 'Yes, just because at some point last yr i had around 220K sitting in front of me waiting for me to do something, but guess what? I decided to hold and now its not even 10% of what it was. Lesson learned.', 'wbh5jd'], ['u/Sardis515', 15, '2022-07-30 07:32', 'https://www.reddit.com/r/SafeMoon/comments/wbh5jd/has_safemoon_changed_your_perspective_in_crypto/ii84sxt/', 'I learned my lesson. NDA is a nice excuse for „we have nothing to show right now“ and dont buy the Hype. I rewatched old Videos of Karony and its almost funny how much someone can talk without saying anything. The Top Altcoins have a reason why they be there.', 'wbh5jd']]], ['u/viceboi666', 'Just set up my first cold wallet', 59, '2022-07-30 03:14', 'https://www.reddit.com/r/Bitcoin/comments/wbl11t/just_set_up_my_first_cold_wallet/', 'I bought a Ledger and got it all set up. Just transferred my first bit of BTC onto it!!! So excited to have complete custody of my coins in the most secure way. I’m honestly ecstatic!!!!!! Fuck yeah. So glad to have had the recommendations on here from y’all. That wallet is so cool.', 'https://www.reddit.com/r/Bitcoin/comments/wbl11t/just_set_up_my_first_cold_wallet/', 'wbl11t', [['u/192838475647382910', 17, '2022-07-30 03:16', 'https://www.reddit.com/r/Bitcoin/comments/wbl11t/just_set_up_my_first_cold_wallet/ii7ciq8/', '👏👏👏 \nMake sure to protect your seed phrase with some metal.', 'wbl11t']]], ['u/Strong-Menu-1852', 'It can happen to anyone', 101, '2022-07-30 04:44', 'https://www.reddit.com/r/MensRights/comments/wbmsd5/it_can_happen_to_anyone/', 'My trans ftm friend was being harassed by this crazy btch. My friend is a super passive, really nice guy, and she abused the hell out of that. Told everyone they were dating even though he didn\'t even like her like that and just put up with it to not fight.\n\nHe tried to "break up" with her to get her to stop basically stalking him, and she reported him for rape.\n\nso lets recap\n\n\\-She was 1 sidedly obsessed with him\n\n\\-She accused him of raping her when he\'s asexual and one of the most pure people I know\n\n\\- He had to change his major because she placed a restraining order on him meaning he wasn\'t aloud to take any classes in the same buildings as her\n\n\\-Everyone knew it was bs, even the professors, but no one could do anything about it because of title 9\n\n\\-Even an asexual trans man can be accused of rape.\n\nBasically if this can happen to my friend, it can happen to literally anyone', 'https://www.reddit.com/r/MensRights/comments/wbmsd5/it_can_happen_to_anyone/', 'wbmsd5', [['u/Ferbuggity', 34, '2022-07-30 06:40', 'https://www.reddit.com/r/MensRights/comments/wbmsd5/it_can_happen_to_anyone/ii7zyyx/', "Disgusting. \n\nAnd I mean both her and the institutionalised kneejerk support she got.\n\nI honestly don't think they're gonna stop until A/ they are made to stop via the majority getting off our arses, campaigning and voting down and removing every single avenue of power and fighting every law that is in the woke agenda's slimy grip, or B/ the seriously mentally and emotionally ill gain full totalitarian power over us all.", 'wbmsd5'], ['u/Strong-Menu-1852', 22, '2022-07-30 08:40', 'https://www.reddit.com/r/MensRights/comments/wbmsd5/it_can_happen_to_anyone/ii8aewe/', "Okay so this post isn't about the validity of trans men as real men, I'm pointing out that woman will accuse anyone they like of rape if they try to avoid the crazy.\n\nAlso it wasn't a relationship, the girl was a stalker and batshit crazy", 'wbmsd5'], ['u/mixing_saws', 15, '2022-07-30 14:53', 'https://www.reddit.com/r/MensRights/comments/wbmsd5/it_can_happen_to_anyone/ii93xla/', 'And modern feminism enabled that. Thats why it must be stopped. We cant just ignore it. They are the antithesis to egalitarian values.', 'wbmsd5']]], ['u/AutoModerator', '[Daily Discussion] - Saturday, July 30, 2022', 33, '2022-07-30 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/wbo5p5/daily_discussion_saturday_july_30_2022/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/wbo5p5/daily_discussion_saturday_july_30_2022/', 'wbo5p5', [['u/DamonAndTheSea', 41, '2022-07-30 07:18', 'https://www.reddit.com/r/BitcoinMarkets/comments/wbo5p5/daily_discussion_saturday_july_30_2022/ii83kl7/', 'One of the ways to look at the market is to measure monetary inflation against asset prices. The stock market looks ballooned in this current phase and there are some good arguments to be made that stocks need to reset further down to temper the blow off we saw last year. \n\nBut the picture is different when measured against M2 monetary supply. As the money supply is inflated, stocks and other assets will naturally inflate as fiat is devalued relative to asset prices. When you divide stocks against the M2 you get a picture of the relative overextension of assets and it’s not as extreme as would be suggested by nominal charts. \n\nWe’re currently bouncing against some relative lows along these measures and it’s why I think we’re moving into a multi-month recovery rally. If I’m correct then we may see risk-on assets inflate into end of year. \n\nAll being said, historic downside as measured against M2 is not guttered right now and if things fall over later this year and into next we may see more depressed prices along all assets. \n\nIf you’re a bear, then you wait. If you’re a bull then you buy here with expectations of some shorter term upside to play out. \n\n[Chart](https://www.tradingview.com/x/csWDN34c/)', 'wbo5p5'], ['u/RecycIops', 17, '2022-07-30 10:18', 'https://www.reddit.com/r/BitcoinMarkets/comments/wbo5p5/daily_discussion_saturday_july_30_2022/ii8hrt6/', 'Curious what bears think will be the driving force for a 30-50% drop from these prices. Seems like if there was a time for it, the end of July was the time based off all the potential negative news regarding the US economy.', 'wbo5p5'], ['u/ad-hom... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Recent court documents filed in the bankruptcy cases of Voyager Digital and Celsius Network reveal the financial ruin potentially facing customers of both companies. “The money that my wife and I were hoping to use for our young daughter’s education in the future is now locked up,” Niraj, a Voyager customer, wrote in a statement to Judge Michael Wiles. “I have been in shock since Voyager halted withdrawals. It is as if your bank is no longer allowing you to withdraw from your savings accounts. How would you feel? Would you not feel betrayed?,” he added. Niraj’s letter is one of more than a hundred filed to the court and made available to the public by judges in these cases, which includes revelations from users who have lost money or believe they were misled by each company. On June 12, Celsius told its customers it would freeze all withdrawals on its platform. Three weeks later fellow crypto lender Voyager did the same thing. In the first two weeks of July both crypto firms filed for Chapter 11 bankruptcy protection. The fate of each of the platforms’ customers is in the hands of the courts. “The thousands of us Voyager customers hope that you will carefully take our lives and livelihoods into consideration while presiding over this case,” wrote Jacoub Hammodeh, a customer who trusted Voyager with his holdings. Hammadoeh highlights the company “was publicly listed, implying responsible stewardship of my assets.” Hammadoeh points out the platform’s CEO, Stephen Ehrlich, was positioned as a veteran in the industry, and “Voyager claimed to have full FDIC protection on USD balances.” Stephen Ehrlich, CEO and Co-Founder Voyager Digital Ltd., speaks during the Piper Sandler Global Exchange and FinTech Conference in New York City, U.S., June 8, 2022. REUTERS/Brendan McDermid (Brendan McDermid / reuters) Last week, the Federal Reserve and FDIC issued a joint letter demanding Voyager cease and desist from making false statements regarding its FDIC insurance status. The customer admits he strongly considered withdrawing his crypto in early June, but was “reassured not to” by a Voyager press release which read: “The company is well capitalized and in a good position to weather this cycle and protect customer assets.” Story continues Using half her proceeds from the sale of a family business, Lisa Dagnoli, a mother of four, put over a million dollars in bitcoin, ether, and USDC on Voyager’s platform. Now, she’s outraged by the firm’s proposal to reimburse creditors in part with equity and tokens for a new company. “I take responsibility for investment and risk, but the Voyager leaders and Voyager Digital, LLC needs to take responsibility for giving us back what we are due, in full,” Dagnoli, wrote in a letter filed with the court. \'The business is doing very well\' Like other customers turned creditors of Celsius Network who have been interviewed by Yahoo Finance , a portion are calling for the removal of Celsius’ management given its statements leading up to June 12, when the company halted customer withdrawals. Celsius owes $4.7 billion to its customers and is facing a hole of $1.2 billion between reported assets and outstanding liabilities, its latest bankruptcy presentation showed. Earlier this month, the company floated repaying customers through its bitcoin mining subsidiary. Robert Cominos, a Celsius customer of about one year who “transferred about $250,000” onto its platform, claims in his letter that interviews give by the company’s co-founder and CEO, Alex Mashinsky, convinced him to make the move. “The business is doing very well,” Mashinsky told a reporter on April 13 . “Celsius is a magnet for yield, a magnet for people who want to save and earn income,” Mashinsky told Yahoo Finance in June 2021 . “We just crossed 800,000 users and many, many of them live off that income.” LISBON, PORTUGAL - 2021/11/04: Alex Mashinsky, Founder and CEO at Celsius, addresses the audience during the last day of the Web Summit 2021 in Lisbon. (Photo by Bruno de Carvalho/SOPA Images/LightRocket via Getty Images) (SOPA Images via Getty Images) In another Celsius letter , an investor who deposited 6 figures of their life savings with the platform cites a Celsius Medium post published on June 7 that attempted to rebuke its rumored financial problems. In its post, Celsius claimed “a handful of haters” were spreading misinformation about the company. “Celsius has the reserves (and more than enough ETH) to meet obligations, as dictated by our comprehensive liquidity risk management framework,” the company stated. Five days later Celsius, said it would halt all customer withdrawals on the platform. A month later, the company announced it had filed for bankruptcy. Not everything, but not nothing These personal stories are also “going to give the judges a sense that for many of these customers the impact of these bankruptcies are wide reaching and deeply affect their lives,” bankruptcy litigator Daniel Saval told Yahoo Finance. Whether and how these customers are made whole, however, is a difficult path to chart for customers right now, in Saval’s view. “I think it’s going to be a challenge,” said Saval. “The way these exchanges work, is that they typically pool the contents of customer accounts together. Meaning that they are not holding segregated accounts. As a result, in those circumstances, the likely result is that the property will be deemed to be owned by the bankruptcy estates, as opposed to being owned by the customers themselves.” In bankruptcy proceedings, secured creditors typically get first dibs at any money. Unsecured creditors are usually next on the list. But before any claimants receive their due, bankrupt firms must pay operational costs and legal fees through the bankruptcy process. “There is no blueprint under the bankruptcy code to decide what happens in these circumstances for the customers. This is all new,” said Saval. “If [the customers] are considered unsecured creditors, then in theory, they could get pooled with all other types of creditors. In theory they could all be grouped together,” explained Saval. Though both crypto lenders have proposed some form of a repayment plan , a distribution plan is far from decided in either case, according to Adam Levitin, a Professor at Georgetown School of Law and principal with financial advisory, Gordian Group. Whether distributions are paid out in crypto assets or fiat currencies depends first on if the companies liquidate their remaining crypto assets and second, on the distribution plan either case’s organized creditors committee agrees to by a majority vote. “I can say with almost absolute certainty that customers are not going to get nothing and they’re not going to be paid out in full,” Levitin told Yahoo Finance. He added that because either proceeding could “go on for years,” customers anticipating a payout will need to account for other factors, such as the crypto market’s volatility and inflation. Earlier this month, Voyager responded to a joint proposal by FTX and Alameda Research that pitched an offer to buy customer accounts. The offer argued it reduced the risk for customers holding unsecured claims with Voyager in return for FTX potentially acquiring those creditors as new customers. (Photo illustration by Jakub Porzycki/NurPhoto via Getty Images) (NurPhoto via Getty Images) In its response , Voyager claimed the offer made “several false and misleading assertions” about its business. “It’s a low-ball bid dressed up as a white knight rescue,” the legal document stated. Such a transaction could reduce the risk for customers holding unsecured claims over the length of a complex bankruptcy proceeding. But, as Levitin pointed out, it won’t change whether customers see a full reimbursement on their claims. \'Curated B.S.\' Letters from Celsius and Voyager customers show users pleading for their assets back, though they reflect a clear uncertainty about whether they’ll ever see that money again. “I now feel regretful for believing into (sic) their marketing strategy and potentially losing my family’s life savings,” Voyager customer Digant Goyal wrote in his letter to Judge Wiles. Goyal’s sentiment is echoed by Daniel James Howley who told the court , “a majority of my lifelong assets, accumulated through some ups and more downs as an entrepreneur, are locked on Voyager with no telling if, when and how much of them I will gain access to again.” “My savings to buy a home, build and support a family, and invest in my future, are all locked away in that account,” he added. Chapman Shallcross, a retired firefighter, held $244,000 in ETH and ADA on another crypto lender, BlockFi before moving assets to Celsius Network “based completely off of the overwhelming positive feedback,” he wrote in his letter . “And, now I find all that information I had gathered was curated B.S." For Amanda Gan, a Celsius customer, the company’s bankruptcy and the uncertainty surrounding her $167,000 in crypto assets has led to “significant distress,” according to her letter . “Losing this amount of our savings will have irreparable consequences for our family,” she relented. — Click here for the latest crypto news, updates, values, prices, and more related to Bitcoin, Ethereum, Dogecoin, DeFi and NFTs Read the latest financial and business news from Yahoo Finance Download the Yahoo Finance app for Apple or Android Follow Yahoo Finance on Twitter , Facebook , Instagram , Flipboard , LinkedIn , and YouTube', 'Recent court documents filed in the bankruptcy cases of Voyager Digital and Celsius Network reveal the financial ruin potentially facing customers of both companies.\n“The money that my wife and I were hoping to use for our young daughter’s education in the future is now locked up,” Niraj, a Voyager customer, wrote in astatementto Judge Michael Wiles.\n“I have been in shock since Voyager halted withdrawals. It is as if your bank is no longer allowing you to withdraw from your savings Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-07-31 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $452,828,345,288 - Hash Rate: 209243963.0385354 - Transaction Count: 209042.0 - Unique Addresses: 561055.0 Social & AI Sentiment: - Fear & Greed Index: 0.39 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: House Republicans are urging TikTok to release information regarding the access that its Chinese employees have to data from U.S. users. Meanwhile, a new Congressional report reveals that several leading cryptocurrency miners have the electrical capacity equivalent to nearly every residence in Houston. This is Hillicon Valley , detailing all you need to know about tech and cyber news from Capitol Hill to Silicon Valley. Send tips to The Hill’s Rebecca Klar , Chris Mills Rodrigo and Ines Kagubare . Someone forward you this newsletter? Subscribe here. GOP presses TikTok on US data Two high-ranking House Republicans are asking TikTok for more information about the access that China-based employees of its parent company ByteDance have to American data. “We write to request documents and information regarding recent reports that TikTok allows China-based employees of its parent company, ByteDance, to access non-public U.S. user data, contrary to the company’s previous denials,” the top Republican on the Oversight committee, James Comer (R-Ky.), and top Republican on the Energy and Commerce Committee, Cathy McMorris Rodgers (R-Wash.), wrote in a letter to TikTok CEO Shou Zi Chew. “If true, not only did TikTok misrepresent or provide false testimony about its data management and security practices, but it has placed the safety and privacy of millions of U.S. citizens in jeopardy,” they added in the letter sent Thursday. The short form video platform had maintained since exploding in popularity in the U.S. that data from Americans was not accessible in China, where security laws make it easy for the government to obtain information held by companies. Read more here. CRYPTOCURRENCY CRUNCH A handful of leading cryptocurrency miners have the electrical capacity equivalent to nearly every residence in Houston, Texas, according to data released by Democratic members of Congress on Friday. In a letter to Energy Secretary Jennifer Granholm and Environmental Protection Agency (EPA) Administrator Michael Regan, members led by Sen. Elizabeth Warren (D-Mass.) noted that leading cryptominers have developed more than 1,045 megawatts in mining capacity as of February. Story continues Companies that responded to the members’ inquiries included Riot Blockchain, Bit Digital, Bitdeer, Stronghold, Marathon and Greenidge. Following a crackdown on cryptomining by the Chinese government, mining operations have increasingly moved onshore in the U.S., according to the members. The U.S. share of global mining for Bitcoin, the largest cryptocurrency, increased from 4 percent in August 2019 to nearly 38 percent in January. Read more here. TECH GROUP RAISE DATA PRIVACY CONCERNS A technology trade organization is pushing the Justice Department (DOJ) to reevaluate its position on electronic communications privacy to protect women seeking to obtain an abortion. Elizabeth Banker, vice president of legal advocacy for the Chamber of Progress, sent a letter to Attorney General Merrick Garland on Wednesday to urge the DOJ to support the protection of private data from “unjustified law enforcement intrusions.” The letter states that federal prosecutors’ repeated arguments in court to obtain data held by third-party service providers violate the Fourth Amendment’s protection against unreasonable searches and seizures. Banker argued that these data seizures could put people who are using the internet to search for and schedule abortion appointments at risk of states’ threats to prosecute health care providers performing abortions and the people getting them. Read more here . BITS & PIECES An op-ed to chew on: So many broken systems, but this one has a fix Notable links from around the web: Tech Journalism’s Accessibility Problem (The Verge / Monica Chin) The never-ending quest to predict crime using AI (The Washington Post / Pranshu Verma) Amazon executives have discussed ditching Amazon Basics to appease regulators (Recode / Jason Del Rey) ⚾️ Lighter click: Perfect use of angles One more thing: Beyonce joins TikTok Beyoncé has joined TikTok . The pop star posted her first video on the platform on Thursday, and Variety reported that her entire music catalog is now available for users to utilize as audio, known as “sounds,” in their own posts. Beyoncé’s first video on the app included a montage of her fans dancing to her new single, “Break My Soul.” “Seeing y’all release the wiggle made me so happy!” she wrote in the post’s caption. “Thank you so much for all the love for BREAK MY SOUL! – Love B —#RE” Read more here . That’s it for today, thanks for reading. Check out The Hill’s Technology and Cybersecurity pages for the latest news and coverage. We’ll see you next week. VIEW FULL VERSION HERE For the latest news, weather, sports, and streaming video, head to The Hill.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["UPDATE (Aug. 1, 17:11 UTC): Clarifies headline and fixes transcript to reflect that it was not the addition of know-your-customer (KYC) identity checks, but rather the anti-money-laundering (AML) measure of removing sanctioned accounts in part because they hadn't gone through KYC, that cost Binance billions in revenue. Also corrects name of the executives' department (investigations, which reports to compliance but is separate). Three leading members of Binance\x92s investigations team opened up about what it takes to deal with fraud, money laundering, terrorist financing and bad press for the world\x92s largest crypto exchange. Reuters recently published a series of investigative reports on Binance and its association with illicit activity. The news service claimed that Binance has become a hub for criminal activity and that it overlooked several money-laundering red flags . Reuters claimed also that Hydra, a Russian-language darknet market, has links deeply entrenched within Binance\x92s user base, stating that the exchange facilitated $780 million in payments related to Hydra since 2017. Binance\x92s investigations team is now led by Tigran Gambaryan and Matthew Price, former investigators at the U.S. Internal Revenue Service\x92s cybercrime unit. Both men played roles in taking down prominent darknet markets AlphaBay, Silk Road and Hydra . The exchange, which operates in numerous jurisdictions despite not having a formally registered headquarters , also recruited ex-HSBC sanctions expert Chagri Poyraz as its new global head of sanctions compliance. CoinDesk reached out to Binance to verify Reuters\x92 claims and ended up having two long conversations with Gambaryan, Price and Poyraz. They disputed a number of the claims, including allegations that Binance disproportionately facilitates more money-laundering than other exchanges and Binance has become a hotbed for criminality. At times, the executives sounded like pub patrons venting to a bartender, occasionally using pejoratives to describe journalists, and such comments should be taken with a pinch of salt. Story continues Nevertheless, they spoke with surprising candor on how the criminal underworld remains firmly ingrained within the crypto industry, despite their best efforts, In the process they offered a rare window into how they tracked down some of the world\x92s most notorious cybercriminals, all while trying to keep the lid on illicit funds being siphoned through Binance. What do you make of the claims connecting Binance to Hydra? Matthew Price: Yes, Hydra was humongous and yes, it did business in Russia, so it\x92s like saying that Bank of America supports money laundering for drug cartels. It really paints this picture that \x93Binance knew this market was operating, so they must support it.\x94 Tigran Gambaryan: You can\x92t control the money that\x92s going in. You cannot control deposits. You can control what you do afterward. When Indian scammers ask people to get Apple gift cards, does that mean Apple is now laundering hundreds of millions of dollars? No. The criminals go for the easiest and cheapest way possible. If Binance was the cheapest, why wouldn\x92t they use it? MP: A good example, we identified HitBTC accounts that processed transactions [referring to two Canadian citizens who were charged with stealing $220,000 while posing as employees of a Hong Kong-based exchange]. We only had the email address. With that email address we [while working at the IRS] could obtain search warrants and we could see the content of those. We could see that the user was paying himself with gift cards. I was able to link it through email accounts, so I never got to a KYC (know your customer) crypto account until quite far down the investigation, but I already knew who that was and what they were doing. MP: The only part KYC played was where he needed to get his fiat out. Coinbase, Circle and Kraken picked up on the transaction piece that came from the Helix mixer and kicked him off the platform. So he went off the exchange and started using initially LocalBitcoins , then face-to-face meetups . The exchanges are not where the dirty money happens. It\x92s offline because these guys know this [that activity is traced]. They don\x92t want to use exchanges. If [the criminal] tried to use Binance, the transaction would get picked up with transaction monitoring. TG: Even in 2019, I was able to identify those two knuckleheads who were related to the Twitter VIP scam. That was Mason Sheppard in the U.K. That was all done through Binance. How does Binance compare to other exchanges in terms of illicit activity? TG: We did a study. If you take into consideration illicit funds going in against the total volume of the exchange, yes, there\x92s illegal money going in, but there\x92s a lot of money going in. Binance is better or the same as most exchanges. Our stuff was drastically better than Kraken, better than Coinbase in some areas and worse in some areas. But there\x92s not a single outlier. We operate in different jurisdictions. It makes our job challenging. That\x92s why we have to focus more on those jurisdictions [France, Italy, Dubai]. But us working in those jurisdictions allows law enforcement agencies to take action. We are doing a lot of incredible work. I can\x92t comment on what happened in the past as none of us were here. The whole industry was [messed] up \x96 the whole thing was just kind of developing. They all went through this period when [bad things] happened. Reuters claimed that users can evade sanctions and skirt the law by using VPNs (virtual private networks). What is your take on that? TG: Here\x92s the thing about VPNs. No exchange blocks VPNs, for the record. No crypto exchange blocks VPN activity. VPN activity is not an indication of criminal activity. It is not by itself an indication that someone is a criminal. Using a VPN is not illegal and it is not something that exchanges block. With that being said, without getting into specifics, VPN activity can be useful [for investigations]. Because there are certain players that have patterns of using this \x96 and that, in conjunction with other things, will then tell us who these people might be. VPN was never something that stopped me from identifying someone. I\x92ve never once been stung by a VPN. (Poyraz, who spoke to CoinDesk from Davos, Switzerland, where he was meeting 30 industry leaders, added that the exchange continues to serve Iranian customers outside of Iran because doing so isn\x92t a breach of U.S. sanctions. Reuters alleged that several Iranian traders had accessed Binance from 2019 to 2021 before the exchange tightened its KYC process. This week, The New York Times reported that rival exchange Kraken will likely face fines from the Treasury Department on suspicions that the exchange allowed Iranian users to use the platform.) Chagri Poyraz: From a sanctions point of view, Iranian citizens living outside Iran is not even an issue for OFAC [Office of Foreign Assets Control, the U.S. agency that enforces sanctions]. \x85 If it\x92s North Korea or Syria, those are U.N. sanctions. They are applicable anywhere that U.N. sanctions are recognized. But if it's U.S. sanctions, which is Iran and Cuba, it\x92s only applicable according to U.S. legislation and enforcement. And by the way, they will never go after Iranian citizens living abroad. It is illegal to do that. TG: In European countries, it\x92s illegal for companies to comply with U.S. sanctions against Iran. [Sanctions rules between Europe and the U.S. are vague and contradictory, according to a Financial Times report ]. CP: The reason Binance hires people like Tigran and me is to build sophistication around the sanctions program. I actually enabled an Iranian refugee in the U.K. to get a Binance account. Even that was not allowed before [Binance improved its controls to make a distinction between a resident and national of a sanctioned country], which was a wrong thing to do. TG: It is illegal to comply with U.S. sanctions in the EU. This shows again the complicated fact that we are not a U.S. entity. We take a very conservative approach that is putting us at risk in non-U.S. jurisdictions. But we are complying with [U.S. sanctions]. Our compliance with them is putting us technically in an illegal position in other jurisdictions as my understanding is that it goes against EU law. CP: Just to expand, please ask any bank if they open accounts for Iranian accounts for people residing in their country or the United States. The answer will be yes. \x85 If you want to talk about Iranians living in Iran, we take every single measure. Yes, there is always evasion, but when there is evasion, we find it and upgrade our controls. Reuters reported that Telegram messages suggested that Binance CEO Changpeng \x93CZ\x94 Zhao ignored calls from compliance officers over a loose KYC and anti-money-laundering (AML) policy. What is your view on CZ? TG: CZ has been incredibly supportive. CP: I have been a compliance officer for 17-plus years now. The main job is to explain to the business, including the CEO, what the risk and the problem is and to make a risk-based decision. You never ask them to do something illegal, but if there is something in a gray area, make a risk based decision. The CZ I know \x96 and I\x92ve been here long enough \x96 when you explain something to him, I have never seen him hesitate [to act properly]. He will never do the wrong thing. TG: He did not have the same caliber of people around him that he does now. This was a small company. They grew, and look at the people they have now. I can\x92t defend anything that happened before. We are here fixing those issues. I know for a fact that CZ has made decisions that have cost [Binance] a ton of money. We out-platformed accounts that had millions of users on it because of those risk-based decisions. Because it was the right thing to do. It cost billions of dollars, b Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-08-01 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $446,559,535,506 - Hash Rate: 187218282.7186896 - Transaction Count: 249610.0 - Unique Addresses: 635502.0 Social & AI Sentiment: - Fear & Greed Index: 0.33 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Don't miss CoinDesk'sConsensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12. Crusoe Energy, the privately held U.S. company that pioneered bitcoin (BTC) mining by using wasted natural gas as a power source, is expanding in the Middle Eastern region with investments from Mubadala – the sovereign wealth fund (SWF) of Abu Dhabi – and the Oman Investment Authority (OIA). Crusoe this week announced the OIA and Mubadala were each part ofa $350 million funding roundthat closed in April. “This investment will power Crusoe’s efforts to expand internationally as it works to align the future of computing with the future of the climate,” according to a statement sent to CoinDesk by the company. As part of the expansion, the Denver-based miner will initially open an office in Oman’s capital city of Muscat and in Abu Dhabi shortly thereafter. Crusoe will start with hiring two or three people for the offices and about eight field personnel, CEO and co-founder Chase Lochmiller told CoinDesk. Lochmiller expects to have pilot-level technologies deployed at one site in each country in the first quarter of 2023. While not commenting on the size of the investments by the two nations, Lochmiller did allow that the stakes were “meaningful.” The expansion of Crusoe’spatenteddigital flare mitigation systems establishes the company as the first flare gas bitcoin miner in the Middle East and North Africa (MENA) region, he added. Crusoe currently has several mobile sites across the U.S., and a customer roster that includes energy producers Devon Energy (DVN), Kraken Oil & Gas, Canada’s Enerplus (ERF) and maybe Exxon (XOM), where Crusoe isreportedly working on a pilot projectto use flared gas to power bitcoin mining operations at the energy giant’s North Dakota oil wells. In the flaring process, excess natural gas is burned off into the atmosphere as part of oil drilling operations. It has become standard industry practice because of the lack of transportation infrastructure. The process is under environmental scrutiny, however, with the U.S. President Joe Biden pledging to cutmethane emissionsfrom oil and gas operations. It is not just an issue in the U.S. but “a global problem with a global impact,” said Lochmiller, who said the MENA region is responsible for over 38% of the global flaring in 2020. Oman accounted for about 1.8% or 2,517 million cubic meters of that emission, while the United Arab Emirates accounted for approximately 0.7% or 955 million cubic meters. Using this otherwise wasted flared gas to mine digital assets has emerged as a popular trend among both the crypto and energy industries. Those involved point out the win/win of reducing emissions while powering mining rigs. “We’re excited to expand our Digital Flare Mitigation technology to the Middle East to help solve the region’s long-standing flaring challenges, while also empowering a new generation of digital technology in the region,” Lochmiller said. “Both OIA and Mubadala saw the value in Crusoe’s digital flare mitigation technology and how it can actually bring a flexible mechanism to both reduce emissions and bring new technologically enabled industries to the country,” he added. “Our hope is that these two locations can be a launching point for continued expansion into other nations in the region, '' Lochmiller continued, noting Oman’s and Abu Dhabi’s MENA neighbors – Saudi Arabia among them – face similar challenges.... - Reddit Posts (Sample): [['u/btc-congratulatr-guy', 'Hey, new Full Coiners: Congratulations!', 112, '2022-08-01 01:00', 'https://www.reddit.com/r/Bitcoin/comments/wd1jcd/hey_new_full_coiners_congratulations/', "To all you new owners of a full Bitcoin, I just want to acknowledge you and offer my sincere congrats. You know who you are. You know that ID'ing yourself as a whole coiner is bad opsec. Yet, its human nature to crave some kind of pat on the back for being so damn clever. So here it is. CONGRATS! YOU DID IT!!", 'https://www.reddit.com/r/Bitcoin/comments/wd1jcd/hey_new_full_coiners_congratulations/', 'wd1jcd', [['u/shedbox3', 17, '2022-08-01 01:11', 'https://www.reddit.com/r/Bitcoin/comments/wd1jcd/hey_new_full_coiners_congratulations/iifwgs4/', 'Also, congrats to the nude full coiners!', 'wd1jcd'], ['u/IANvaderZIM', 55, '2022-08-01 02:34', 'https://www.reddit.com/r/Bitcoin/comments/wd1jcd/hey_new_full_coiners_congratulations/iig6tnp/', 'You miss 100% of the sats you don’t stack', 'wd1jcd'], ['u/DatBuridansAss', 17, '2022-08-01 04:11', 'https://www.reddit.com/r/Bitcoin/comments/wd1jcd/hey_new_full_coiners_congratulations/iigii9i/', '\\-Wayne Bitsky', 'wd1jcd'], ['u/VBNerd21', 12, '2022-08-01 04:14', 'https://www.reddit.com/r/Bitcoin/comments/wd1jcd/hey_new_full_coiners_congratulations/iigiv9g/', '-Michael Scott', 'wd1jcd'], ['u/SunnyDayShadowboxer', 28, '2022-08-01 04:42', 'https://www.reddit.com/r/Bitcoin/comments/wd1jcd/hey_new_full_coiners_congratulations/iigm3wj/', 'Greetings, my name is Dr. Tali Tunde, my cousin is a Nigerian prince...', 'wd1jcd'], ['u/No-Perception-4089', 13, '2022-08-01 10:00', 'https://www.reddit.com/r/Bitcoin/comments/wd1jcd/hey_new_full_coiners_congratulations/iiheirc/', 'I had one coin but then I took three arrows to the knee', 'wd1jcd']]], ['u/Boo_Randy', 'Crypto Bros Are Trying to Ditch Their Rolexes', 70, '2022-08-01 02:08', 'https://www.reddit.com/r/Wallstreetsilver/comments/wd2yo7/crypto_bros_are_trying_to_ditch_their_rolexes/', "Poor pitiful crypto baggies. You got to play at being nouveau rich for a little while, but now the party's over and it's back to your jobs at Micky D's. \n\n[https://nymag.com/intelligencer/2022/07/crypto-bros-are-trying-to-sell-rolex-amid-bitcoin-crash.html](https://nymag.com/intelligencer/2022/07/crypto-bros-are-trying-to-sell-rolex-amid-bitcoin-crash.html)\n\nLuxury-watch boosters\xa0[like to say](https://www.bloomberg.com/news/articles/2022-04-30/inflation-is-a-good-thing-for-seller-of-used-rolexes-eyeing-ipo)\xa0that five-figure pieces, with only a limited number made every year by the Swiss giants, make solid investments in times of high inflation. But tell that to many of the new-money buyers from the shaky world of cryptocurrency who appear to be trying to ditch their Rolex and Patek Philippe watches on the secondary market as the prices of bitcoin and other leading cryptocurrencies struggle to come out of their massive dive earlier this year.\n\nAccording to\xa0[Bloomberg](https://www.bloomberg.com/news/articles/2022-07-29/the-crypto-collapse-has-flooded-the-market-with-rolex-and-patek), the secondhand market for luxury watches has been flooded in the last few months as a result of the crypto collapse. The watch-selling platform Chrono24 told reporters there that the dip has “directly impacted pricing of luxury watches from brands like Rolex and Patek Philippe.” Supply for prestige watches like the Rolex Daytona (starting at $17,194 plus shipping on Chrono24) and the Patek Nautilus 5711A (starting at $101,783 plus shipping) is “now much larger,” according to the company.", 'https://www.reddit.com/r/Wallstreetsilver/comments/wd2yo7/crypto_bros_are_trying_to_ditch_their_rolexes/', 'wd2yo7', [['u/Southern_Addition442', 19, '2022-08-01 02:21', 'https://www.reddit.com/r/Wallstreetsilver/comments/wd2yo7/crypto_bros_are_trying_to_ditch_their_rolexes/iig58fb/', '![gif](giphy\|LSk5aGh2WYL6g)', 'wd2yo7'], ['u/Silverhairedape', 14, '2022-08-01 02:31', 'https://www.reddit.com/r/Wallstreetsilver/comments/wd2yo7/crypto_bros_are_trying_to_ditch_their_rolexes/iig6g0l/', 'But muh investment', 'wd2yo7'], ['u/S1LVERSTAK', 15, '2022-08-01 02:38', 'https://www.reddit.com/r/Wallstreetsilver/comments/wd2yo7/crypto_bros_are_trying_to_ditch_their_rolexes/iig7aut/', 'They know what time it is 😄', 'wd2yo7']]], ['u/jamescowens', 'Gridcoin 5.4.0.0-mandatory "Kermit\'s Mom"', 50, '2022-08-01 02:10', 'https://www.reddit.com/r/gridcoin/comments/wd3063/gridcoin_5400mandatory_kermits_mom/', '## [5.4.0.0] 2022-08-01, mandatory, "Kermit\'s Mom"\n\nhttps://github.com/gridcoin-community/Gridcoin-Research/releases/tag/5.4.0.0\n\nThe Gridcoin core developers are proud to release 5.4.0.0 which represents the\nKermit\'s Mom milestone. This is a _mandatory_ release and includes the _long-\nawaited implementation of Manual Reward Claims (MRC)_ and significant\nimprovments to poll and project structures among many other enhancements and\nfixes.\n\n### Highlights\n#### Manual Reward Claims (MRC)\n\nThe importance of this release to the community cannot be overstated. One of the\nmost significant challenges to new "crunchers" joining the Gridcoin community\nis the payment of the 2nd layer crunching rewards to the crunchers for work they\nare doing for network approved BOINC projects. The implementation of constant\nblock rewards (CBR) a number of years back improved the participation of wallets\nin the staking process dramatically, raising the average difficulty on the\nnetwork from about 3 to greater than 18 today, representing more than \n180000000 GRC continuously online and staking. This has drastically improved\nsecurity of Gridcoin, making it much more resistant to 51% attacks, but has had\nthe downside of increasing the effective minimum GRC required to solo crunch\nto 5000 GRC or more. Without MRC, which is in this release, solo crunchers are\nrequired to stake to get paid their rewards.\n\nMost people regard having enough GRC to stake on average once a month is the\npractical minimum for solo crunching, so 5000 GRC is effectively the minimum\nbar for entry for solo crunching. Needless to say this is a giant challenge\nfor many newcomers and greatly harms the growth of the network. The pools help\nwith the problem by providing a way to earn GRC and eventually collect enough \nto solo crunch, but they have a drawback in that the project research when pool \ncrunching is done in the name of the pool, not the cruncher. MRC sweeps that\ngiant hurdle away. With MRC you can solo crunch with only about 1 GRC to start. \nYou simply need enough to send a beacon advertisement (which is the new solo \ncruncher\'s way of letting the network know that they want to get rewarded for \ncrunching). MRC will now allow a solo cruncher with an active beacon to request \npayment at intervals as small as 14 days from the last time they were paid. \nThere is no minimum payment threshold, only the minimum time threshold. This \nrequest for payment is a "manual reward claim" request, which is where the name \nMRC came from originally. Note that what is going on under the hood is that the \nrequester is sending out a "MRC" request contract that is attached to a \ntransaction in the Gridcoin blockchain, which is picked up by the next staker, \nand causes the staker to stake the reward for the requester as a delegate. \nEssentially MRC is a form of delegated staking. Note that for this privilege \nthe requester will pay a portion of their reward as a fee to the staker and the \nfoundation. The total fee starts at 40% of the rewards at 14 days and then \ndeclines as 14/(number of days) as the interval between payments is increased. \nThe foundation gets 80% of the fees and the staker 20%. These ratios were set \nand approved by official poll\n(id 651a3d7cbb797ee06bd8c2b17c415223d77bb296434866ddf437a42b6d1e9d89, \nhttps://github.com/gridcoin-community/Gridcoin-Tasks/issues/250).\n\nTo give a specific example, a new cruncher registers their beacon and starts \ncrunching. They have a pretty good computer and their magnitude has been \nbuilding to the point where at 14 days they have about 35 GRC pending as \nrewards. At 14 days after the activation of their beacon, the MRC payment \nbutton on the main screen will allow them to request payment of their rewards. \nIf they press the button at 14 days, then the requester will get 35 * (1 - \n0.40) or 21 GRC. The foundation will get 0.80 * 0.40 * 35 or 11.2 GRC and the \nstaker will get 0.20 * 0.40 * 35 = 2.8 GRC. If the cruncher waits until 28 days \nto request the reward, lets assume his or her magnitude is constant, so the \nrewards have doubled, so now the requester has 70 GRC pending. If they press \nthe button at 28 days, then the requester will get 70 * (1 - 0.20) or 56 GRC. \nThe foundation will get 0.80 * 0.20 * 70 or 11.2 GRC and the staker will get \n0.20 * 0.20 * 70 or 2.8 GRC. Notice that the effective fee to the foundation \nand the staker at 28 days is the same as at 14 days. This is by design. The \nfoundation and staker fees _decline_ as a percentage from the point of view of \nthe requester\'s total rewards as the time between payment requests increase \nbeyond 14 days, but from the point of view of the foundation and staker, the \nfees essentially are computed at the 14 day point and remain capped as absolute \nnumbers.\n\nThe MRC request button will appear on the wallet main screen for crunchers \nwith active beacons and will allow MRC requests once the block v12 \nfunctionality block height is reached. This is the post Kermit\'s Mom release \nhardfork point, and it will be at block 2671700, which will occur on or about \nAugust 31, 2022.\n\nSome resources to review for MRC and related concepts:\n\n - Solo crunching guide: https://gridcoin.us/guides/boinc-install.htm\n - Staking: https://gridcoin.us/wiki/staking.html\n - Beacons: https://gridcoin.us/wiki/beacons.html\n - MRC core functionality: \nhttps://github.com/gridcoin-community/Gridcoin-Research/pull/2425\... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['By Alun John\nHONG KONG, Aug 2 (Reuters) - The dollar continued its decline on Tuesday, falling to its lowest in two months against the recovering Japanese yen and losing ground on other peers, as investors continued to position for a less aggressive pace of Federal Reserve interest rate hikes.\nJitters about the impact of an impending visit to Taiwan by U.S. House of Representatives Speaker Nancy Pelosi were also driving some safe-haven flows to the yen, while weighing on other Asian currencies.\nThe greenback fell as low as 130.595 yen in early trading, its lowest since June 6, and was last down 0.55%, leaving it down 4% in the past four sessions.\n"Its the same old story with the yen being very sensitive to the gap between U.S. and Japanese government bond yields. Of course Japanese ones aren\'t moving because of Japan\'s yield curve control policy, but U.S. yields have dropped a lot," said Redmond Wong, market strategist at Saxo Markets Hong Kong\nThe benchmark 10-year Treasury yield fell to 2.53%, its lowest since April, in early trade on Tuesday. Investors are beginning to position themselves for the U.S. Federal Reserve to pivot away from raising interest rates aggressively to combat inflation and towards worrying more about an economic slowdown. {US/]\nWong, who said this repricing of expectations for Fed rate hikes was probably overdone, added that somewhat lower energy prices were also helping the yen, since Japan was a net importer of energy. The currency was also benefiting from some safe-haven flows due to worries about Pelosi\'s visit.\nChina\'s offshore yuan touched 6.7957 per dollar on Tuesday, its weakest since mid-May. Wong attributed this partly to the tensions around Pelosi\'s visit as well as poor economic data from China over the weekend.\nThe Taiwan dollar slipped to its lowest levels in more than two years, falling past 30 per U.S. dollar.\nThe greenback was also weaker generally, with sterling at $1.2256, just off a five-week peak hit overnight, and the euro was also on the front foot at $1.0294.\nThis sent the dollar index, which measures the greenback against six peers, to 105.03 in early trade, a one-month low.\nElsewhere, the Australian dollar was holding just above $0.7 ahead of a central bank meeting at which analysts are expecting a third consecutive half-point interest rate increase.\nBitcoin was steady at $23,250.\n(Reporting by Alun John; Editing by Bradley Perrett)', 'By Alun John HONG KONG, Aug 2 (Reuters) - The dollar continued its decline on Tuesday, falling to its lowest in two months against the recovering Japanese yen and losing ground on other peers, as investors continued to position for a less aggressive pace of Federal Reserve interest rate hikes. Jitters about the impact of an impending visit to Taiwan by U.S. House of Representatives Speaker Nancy Pelosi were also driving some safe-haven flows to the yen, while weighing on other Asian currencies. The greenback fell as low as 130.595 yen in early trading, its lowest since June 6, and was last down 0.55%, leaving it down 4% in the past four sessions. "Its the same old story with the yen being very sensitive to the gap between U.S. and Japanese government bond yields. Of course Japanese ones aren\'t moving because of Japan\'s yield curve control policy, but U.S. yields have dropped a lot," said Redmond Wong, market strategist at Saxo Markets Hong Kong The benchmark 10-year Treasury yield fell to 2.53%, its lowest since April, in early trade on Tuesday. Investors are beginning to position themselves for the U.S. Federal Reserve to pivot away from raising interest rates aggressively to combat inflation and towards worrying more about an economic slowdown. {US/] Wong, who said this repricing of expectations for Fed rate hikes was probably overdone, added that somewhat lower energy prices were also helping the yen, since Japan was a net importer of energy. The currency was also benefiting from some safe-haven flows due to worries about Pelosi\'s visit. China\'s offshore yuan touched 6.7957 per dollar on Tuesday, its weakest since mid-May. Wong attributed this partly to the tensions around Pelosi\'s visit as well as poor economic data from China over the weekend. The Taiwan dollar slipped to its lowest levels in more than two years, falling past 30 per U.S. dollar. The greenback was also weaker generally, with sterling at $1.2256, just off a five-week peak hit overnight, and the euro was also on the front foot at $1.0294. Story continues This sent the dollar index, which measures the greenback against six peers, to 105.03 in early trade, a one-month low. Elsewhere, the Australian dollar was holding just above $0.7 ahead of a central bank meeting at which analysts are expecting a third consecutive half-point interest rate increase. Bitcoin was steady at $23,250. (Reporting by Alun John; Editing by Bradley Perrett)', 'Major cryptocurrencies were lower in early Tuesday trading in Asia, with Ethereum losing 3% in the past 24 hours to trade at US$1,634 as of 8 a.m. in Hong Kong. Bitcoin dipped 0.2% to trade at US$23,267,according to data on CoinMarketCap.\nSee related article:Bitcoin, Ethereum fall back after posting monthly gains for July\n• Polkadot, which sits just outside CoinMarketCap’s top 10 cryptos by market cap, fell to US$8.14, down more than 10% from the almost six-week high it reached yesterday.\n• Ethereum Classic dropped 3.7% in the past 24 hours to US$35 after seeing significant gains last week ahead of Ethereum’s “Merge.”\n• Filecoin fell more than 20% to trade at US$8.79. This pullback follows the launch of a Filecoin crypto fund byAustralian Holon Global Investmentslast week that saw the token surge 115% in under a week to US$11.8 on Monday.\n• Equity markets in the U.S. were little changed overnight, with The Dow Jones Industrial Average, the S&P 500 Index and the Nasdaq Composite Index all ending down less than 0.3%.\nSee related article:Bitcoin education accelerates adoption, lowers volatility: Ben Caselin, AAX', 'Major cryptocurrencies were lower in early Tuesday trading in Asia, with Ethereum losing 3% in the past 24 hours to trade at US$1,634 as of 8 a.m. in Hong Kong. Bitcoin dipped 0.2% to trade at US$23,267, according to data on CoinMarketCap . See related article: Bitcoin, Ethereum fall back after posting monthly gains for July Fast facts Polkadot, which sits just outside CoinMarketCap\x92s top 10 cryptos by market cap, fell to US$8.14, down more than 10% from the almost six-week high it reached yesterday. Ethereum Classic dropped 3.7% in the past 24 hours to US$35 after seeing significant gains last week ahead of Ethereum\x92s \x93Merge.\x94 Filecoin fell more than 20% to trade at US$8.79. This pullback follows the launch of a Filecoin crypto fund by Australian Holon Global Investments last week that saw the token surge 115% in under a week to US$11.8 on Monday. Equity markets in the U.S. were little changed overnight, with The Dow Jones Industrial Average, the S&P 500 Index and the Nasdaq Composite Index all ending down less than 0.3%. See related article: Bitcoin education accelerates adoption, lowers volatility: Ben Caselin, AAX View comments', 'Major cryptocurrencies were lower in early Tuesday trading in Asia, with Ethereum losing 3% in the past 24 hours to trade at US$1,634 as of 8 a.m. in Hong Kong. Bitcoin dipped 0.2% to trade at US$23,267,according to data on CoinMarketCap.\nSee related article:Bitcoin, Ethereum fall back after posting monthly gains for July\n• Polkadot, which sits just outside CoinMarketCap’s top 10 cryptos by market cap, fell to US$8.14, down more than 10% from the almost six-week high it reached yesterday.\n• Ethereum Classic dropped 3.7% in the past 24 hours to US$35 after seeing significant gains last week ahead of Ethereum’s “Merge.”\n• Filecoin fell more than 20% to trade at US$8.79. This pullback follows the launch of a Filecoin crypto fund byAustralian Holon Global Investmentslast week that saw the token surge 115% in under a week to US$11.8 on Monday.\n• Equity markets in the U.S. were little changed overnight, with The Dow Jones Industrial Average, the S&P 500 Index and the Nasdaq Composite Index all ending down less than 0.3%.\nSee related article:Bitcoin education accelerates adoption, lowers volatility: Ben Caselin, AAX', 'Marathon Digital Holdings (MARA) refinanced an existing $100 million line of credit from Silvergate Bank (SI) and added another one of the same size from the same lender, the miner said Monday, despite having thousands of bitcoin (BTC) mining rigs sitting idle. Marathon\'s ability to refinance stands out because crypto prices have fallen so much this year, putting the company and other bitcoin miners on shakier financial ground. The lending market has also dramatically cooled down as the U.S. Federal Reserve raises interest rates. The Silvergate credit line gives Marathon flexibility to navigate the market volatility. Marathon noted on Monday that it hadn\'t drawn any of the initial Silvergate credit line, which was set to expire in October. The two facilities are secured by bitcoin and will expire in June 2024. The new term loan includes a delayed draw facility, meaning Marathon can draw $50 million at the time of closing and another $50 million 270 days after closing, the press release said. The term loan comes with a variable interest rate, which is currently set at 7.25%, the firm said. When Marathon announced its initial revolving credit facility from Silvergate in October 2021, its active fleet of miners stood at 25,272. At the end of June, it counted only 6,300 active miners, according to its June operational update . The firm has 29,640 bitcoin mining rigs waiting energization in in West Texas, it said in the update. This is largely because hosting firm Compute North\'s energy provider is waiting for federal regulators to approve its tax-exempt status, Marathon said. Compute North hosted about 20,000 of Marathon\'s machines as o Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-08-02 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $443,268,435,271 - Hash Rate: 213373778.09850645 - Transaction Count: 266968.0 - Unique Addresses: 663588.0 Social & AI Sentiment: - Fear & Greed Index: 0.31 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Key Insights: XRP rose by 2.15% on Wednesday, with the appetite for riskier assets delivering support. Updates from the SEC v Ripple case had a muted impact on XRP as investors await the court ruling on Hinmans 2018 speech-related documents. Technical indicators are bearish, with XRP sitting at the 100-day EMA. On Wednesday, XRP rose by 2.15%. Reversing a 0.98% decline from Tuesday, XRP ended the day at $0.3319. A bearish morning saw XRP fall to a low of $0.3194. Steering clear of the First Major Support Level at $0.3149, XRP rallied to a high of $0.3335. XRP broke through the First Major Resistance Level at $0.3326 before falling back to end the day at sub-$0.3320. US economic indicators delivered NASDAQ 100 support, which provided XRP and the broader market the upside on the day. Fears of US economic recession eased this week, with the all-important ISM Manufacturing PMI falling modestly from 55.9 to 55.3. Economists had forecast a decline to 54.3. However, crude oil prices reflected investor jitters over the economic outlook and demand, with WTI Crude sliding by 3%. The market movements reinforced the current inverse correlation between cryptos and crude. XRP-NASDAQ-WTI 070722 15 Minute chart While XRP remained in the hands of broader market risk sentiment on Wednesday, the ongoing SEC v Ripple case remains the key driver. XRP Brushed Aside News Updates from the SEC v Ripple Case This week, the SEC was back in action, filing motions to pressure the Ripple defense team. Overnight, defense attorney James Filan shared the latest SEC motion to the courts, saying, The SEC has sought permission to file one omnibus (big) motion to exclude or limit expert testimony, up to 120 pages long. Ripple Defendants do not object provided that they will be allowed the same page limit for their response in opposition. The latest SEC may be an attempt to water down expert testimony submissions by the Ripple Defense team. According to the SEC filing, The SEC intends to file motions to exclude or limit the testimony of 10 expert witnesses who were retained by Defendant, Ripple Labs, Inc, and/or Individual Defendants, Christian A. Larsen and Bradley Garlinghouse. Story continues The latest filing had a muted impact. Investors await a court ruling on whether Hinmans 2018 speech-related documents fall under the attorney-client privilege. In 2018, the former SEC Director of the Division of Corporation Finance said that Bitcoin ( BTC ) and Ethereum ( ETH ) are not securities. XRP Price Action At the time of writing, XRP was up 0.30% to $0.3329. A mixed start to the day saw XRP fall to a low of $0.3308 before rising to a high of $0.3345. XRP left the Major Support and Resistance Levels untested. XRPUSD 070722 Daily Chart Technical Indicators Avoiding the $0.3283 pivot would bring the First Major Resistance Level at $0.3371 into play. XRP would need the support of the broader market to breakout from the Wednesday high of $0.3335. In the case of an extended crypto rally, XRP could test resistance at $0.34 and the Second Major Resistance Level at $0.3424. The Third Major Resistance Level sits at $0.3565. A fall through the pivot would bring the First Major Support Level at $0.3230 into play. Barring an extended sell-off, XRP should avoid sub-$0.3150 and the Second Major Support Level at $0.3142. The Third Major Support Level sits at $0.3001. A court ruling on the Hinman speech-related documents would mute the influence of the Support and Resistance Levels. XRPUSD 070722 Hourly Chart The EMAs and the 4-hourly candlestick chart (below) begin to turn bullish. At the time of writing, XRP sat above the 100-day EMA, currently at $0.3315. Today, the 50-day EMA narrowed to the 100-day EMA. The 100-day EMA flattened on the 200-day EMA, XRP price positive. Holding above the 100-day EMA would bring the Major Resistance Levels into Play. A bullish cross of the 50-day EMA through the 100-day EMA would support a run at $0.35. However, another XRP pullback from the 100-day EMA would bring the Major Support Levels into play. XRPUSD 070722 4-Hourly Chart This article was originally posted on FX Empire More From FXEMPIRE: Swedish house prices rise 3% Apr-Jun Convex Finance Rallies by 31% As Bitcoin Closes Above $20K German industrial output rises less than expected in May Egypts annual urban consumer inflation drops to 13.2% in June -CAPMAS Shell upgrades value of oil and gas assets by up to $4.5 billion L&G sees double-digit cash growth at half year, performance on track... - Reddit Posts (Sample): [['u/Foxxinator37', 'My 6 year crypto journey to becoming a day trader', 1077, '2022-08-02 00:37', 'https://www.reddit.com/r/CryptoCurrency/comments/wduowx/my_6_year_crypto_journey_to_becoming_a_day_trader/', "Obligatory this is not financial advice – read on at your own risk and make sure you are comfortable with your own trades. The old age saying of only put money into Crypto that you are prepared to lose is extremely valuable. This post will aim to give you a bit of an insight into how I became successful in trading crypto and give you some real examples of how I read the charts and try to minimize my risk. Day trading or swing trading is not my only tactic, it took me years to get comfortable with a strategy that is successful so I’ll also hopefully give you some tips and tricks that will allow you to also get more familiar with the trading concepts, but while minimizing your risk profile.\n\nThis is my own way of trading and accumulating more crypto - I'm not a professional trader and I don't pretend to be the next big thing. But I've learned a lot over the last few years and have come up with something that works for me - this post explains some of the logic and trading fundamentals that I think about. The post is not to shill any project - it is honest with what I held/am holding - but how and why I did what I did is the important lesson here, not to blindly copy my portfolio or style. You need to get something that works for you.\n\nMy Crypto trading fundamentals\n\nThese are some of MY fundamental principles with crypto – again it’s not an exhaustive list and I’ve built this up over the years – but some of these set the foundation reasoning as to why I did what I did. My strategy is far from perfect, but my main aim is to accumulate crypto over time and trust that the fiat value will take care of itself (assuming I backed the right horse) Hopefully you’ll see some of the examples in my journey below – but if you want a tldr version of my post summary, then the below list is where to go.\n\n1. Research every project you invest into – for 3+ months before you invest. If you cannot explain it in simple terms to a non-technical person (e.g. your Grandma) as why it’s a good investment and what the niche is – you didn’t do enough research or the project is just shit and should be avoided.\n2. Do not touch leverage you fucking degenerate\n3. Make sure you have the keys / control your own crypto (the majority of your stack should be held offline, but you can trade some of your portfolio on a reputable exchange e.g. Coinbase/Kraken not some tiny shitty one with that has higher chance of going under)\n4. Never FOMO – if you miss a spike and pump, you missed the boat to buy more. YOU CAN ONLY SELL into a spike, NEVER BUY. Likewise if the price drops, YOU CAN ONLY BUY into a dip, NEVER SELL.\n5. NEVER BUY back in higher than you sold for – even if that means holding fiat for months/years\n6. Get a strategy and stick to it – as in do not change your mind. You can continue to DCA, but only review your portfolio/strategy every 6-12 months and see if the landscape has changed and you want to do something differently.\n7. Remember it is 100% impossible to perfectly time every single trade (unless you’re a whale with 1B+ in crypto assets that is a market maker). Do not get worried or panic that the price goes the wrong way – you cannot time it perfectly. You do not need to get every trade right – you do not aim for 100% perfection, you just aim to get more winners than losers.\n8. Never sell at a loss! (There is a couple of exceptions to this – if you review your portfolio after 12 months and want to change into another project then this is ok. Also if your project goes into a death spiral (see LUNA) – then you’re better to get out with 5% of your portfolio than 0.001%)\n9. Have multiple exchanges ready and with KYC completed – don’t just have 1 exchange that could have downtime during a big spike and leave you holding the bags.\n10. Do not trade emotionally. Make sure it fits your strategy and principles\n11. Plan your exit strategy upfront so you can execute it without emotion – this is part of defining your strategy. Do not try to come up with your exit plan during the hype phase and chase the potential gains – you will never time it perfectly and chances are you fail to cash out enough. (Example strategy, for every x2, cash out 10% so you never lose your entire stack)\n12. Lambos are for noobs – when you get money for a super car you will not want to buy one. Porsche's are far better machines\n13. I always want some exposure to crypto (never cash out 100% of the portfolio fully to fiat or stablecoin)\n14. Do what the opposite of the market says – so check the fear and greed index. (It’s the same as the 2nd point above. Buy when it goes down and sell when it goes up.)\n\n&#x200B;\n\nhttps://preview.redd.it/wu7c7zmhi6f91.png?width=594&format=png&auto=webp&s=547cf4a264d37d1eefc4d1f30ae0aaa8d35c2b6e\n\nWhere it all started\n\nLiving in the UK, my first exposure to crypto was mining Bitcoin back in 2012 at University. I joined a mining pool and mined maybe 0.5 BTC which was worth almost nothing, and it’s gone to live with the crypto gods in a landfill somewhere in the South-West. Then I did almost nothing for several years – not even really following crypto developments because I had absolutely no money to buy anything with. (I was a student that used any spare money for beer – I have absolutely no regrets)\n\nThen at the beginning of 2018, I was encouraged to make my first big mistake in crypto. I was ‘advised’ by my step-father to invest in XRP, because it was almost a sure fire bet. I think I started to buy in on the way down around £0.90 and the price never recovered. What a brutal landing into crypto – I was almost dissuaded, but then I sat myself down and tried to plan out a longer term strategy that would be successful.\n\nDCA is your friend\n\nMy average price was £0.90, on an XRP that was only going down. I was in a lucky position that I was still young (under 30) and being able to make investments while still having my own house (that was priority number 1 which is why I didn’t invest in crypto from 2012-2018 – ask yourself also should you invest in crypto if that money should be better spent elsewhere like a house / medication / car etc). My thought process was – lets go big or go home. If it all goes to 0 – I’m young enough that I can build up another portfolio for retirement. Many people don’t even start in their 20s so if it all goes tits up, I can start again with something safer like stocks in my early 30s.\n\nSo what did I do? DCA. Every damn month without fail, I was buying up XRP. I was not trying to spread my portfolio into many different projects (I was not researching much about crypto and to be honest, I cannot follow 10+ projects properly, I would rather follow one in more detail – again part of my own strategy. I wanted to understand what I am investing in)\n\n&#x200B;\n\nhttps://preview.redd.it/0hoob3aji6f91.png?width=601&format=png&auto=webp&s=699668d1109d3a981ddd7c5b7da153fa11fd72fc\n\nBy the start of 2019 – my portfolio looked something like this, continuing to DCA, the portfolio value was increasing and just about made it to a goal of 100k XRP – I was pumped. My wife (gf at the time) was a little less amused, she didn’t understand this at all and thought I’m just throwing away money in\n\nResearching a backup plan\n\nSo XRP didn’t have a great start, the price was going down and I managed to get my average price to €0.30. (Yes it’s euro’s now not £ – I moved to live in the Netherlands in 2019). I continued to DCA but I was starting to think that maybe XRP was not the only horse I should back in the crypto race. This is when I started to spend a lot more time researching other projects and getting to understand the fundamental differences and the terminology (PoW vs PoS etc).\n\n2019 was where I made my riches, but I only continued to DCA into XRP. That doesn’t make any sense right? No, you’re wrong. RESEARCH! It is so damn important, the average investor is dumb as a brick and there is so much stupid money in the financial markets its insane. (Don’t get started on DOGE or TESLA stock – but they are prime examples where things are worth way more than they should – it defies logic).\n\nI was reading up about new projects and trying to find the new project that could come good – I didn’t want a super high risk micro cap that had a big change of going to 0, but also I didn’t want to bet on the big 2… BTC or ETH. So I looked at Coingecko and my strategy was to find a good project that had promise in the top 30. Let’s take a look at the crypto market cap ranking from the end of 2019:\n\n&#x200B;\n\nhttps://preview.redd.it/ckuzn7kki6f91.png?width=602&format=png&auto=webp&s=0c432f6f2c64853dba2535048ffb0ff4894dce35\n\nNot all of these projects lived up to their hype – many have come and gone but some have stood the test of time. I was looking for something that would still be around in 3-4 years and ad the potential for more explosive gains. (Logically it seemed less likely to me that BTC would go x10 compared to say Monero which was ranked 16).\n\nSo I spent most of 2019 researching up on projects and getting to find their project communities. This is a key point – facts and news are hard to come by in crypto. The best source you can get is from the project itself where you believe you can trust them (there are scam projects and rug pulls of course – if they sound too good to be true then it probably is). But do not rely on crypto news outlets or YouTube shills to give you your crypto news. It’s 2nd hand information and you also receive the info after other people have bought in – they are unloading their bags on you… Don’t be a mug – see fundamental point 2.\n\nMy first portfolio rebalancing\n\nSo 2019 has come and gone, I’v... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Paying in crypto is supposed to lower the fees people pay when they purchase things by cutting out the middlemen like banks, credit card firms and other payments processors. Along with privacy, that was the point of Bitcoin, described as a “purely peer-to-peer version of electronic cash” that allows payments “without going through financial institutions,” according to its pseudonymous creator, Satoshi Nakamoto. See more: Who Is Bitcoin Creator ‘Satoshi Nakamoto,’ and Why Does He Still Matter? But that leaves a very basic question: Who benefits the most from crypto payments? There’s a strong argument that it’s the merchant accepting it much more than the crypto owner buying with it. No debit card and credit card processing fees, no extra costs when rewards cards are used, no trying to convince consumers to hit debit instead of credit, no trying to get customers to accept surcharges — all that crypto payments have, if accepted directly, is the blockchain transaction fee. Which is paid by the sender not the recipient of a cryptocurrency transaction. See here: The Data Point: 44% of Consumers Say They Would Switch Merchants Over Card Surcharges Even when run through a crypto-only payments processor that takes the digital assets from the consumer and pays the merchant in fiat currency, the cost of accepting cryptocurrency is generally lower and comes without the need to take the volatility and security risks that come with using your own digital wallet. Read also: Crypto Basics Series: What’s a Crypto Wallet and How You Can Avoid Losing a Quarter Billion Dollars? Then there are chargebacks. Or rather the lack of them. Cryptocurrency payments are, by their nature, irreversible. The only way to get a crypto payment back is to have the recipient initiate a second transaction. With crypto payments, customers can ask for refunds, but they can’t demand chargebacks — an argument merchants considering accepting crypto tend to be very interested in. Story continues Which is to say, the card system today subsidizes the cardholder heavily at the expense of merchants. And in many ways, accepting crypto at checkout can reduce or eliminate those subsidies with relying on legislation, like the bipartisan bill introduced by senators Dick Durbin (D-Illinois) and Roger Marshall (R-Kansas) on July 28 that would give merchants the ability to process Visa and Mastercard over different networks. Read more: Sen. Durbin Wants Another Bite at Card Interchange Fees The Hard Core While the tumbling price of cryptocurrencies — Bitcoin has been down 65% to 70% since its November all-time high — has probably diminished crypto owners’ willingness to spend something at $22,000 when they bought it at $44,000. But people are still very much interested in spending a growing number of cryptocurrencies, including ether, stablecoins like USDC, and even dogecoin, Stephen Pair, president of crypto payments technology firm BitPay, told PYMNTS’ Karen Webster in May. Read also: More Consumers Buying Crypto and Want More Ways to Spend It That said, it is worth looking at who the crypto spender is. PYMNTS’ April study, “ The U.S. Crypto Consumer: Cryptocurrency Use In Online and In-Store Purchases ” found that 23% of Americans have or had owned crypto in the 12 months preceding it — almost 60 million, up from about 41.5 million the year before. See also: PYMNTS Data Show Jump in Crypto Ownership, Willingness to Spend It More than a quarter of high-income consumers said they are “very” or “extremely” likely to switch merchants in favor of one accepting cryptocurrency. One increasingly common way of spending crypto is with Visa- or Mastercard- branded crypto debit cards, many issued through exchanges and connected to clients’ digital wallets, that let users spend crypto at the point of sale without the merchant even knowing about it, as all they see is a debit card paying them cash. What comes across very clearly is that crypto spenders are the hardcore crypto users — the people who see bitcoin and other digital assets not as investments but as the future of payments — the next generation of currency. That makes the target crypto customer someone focused as much on the ideology of crypto — the back half of the first line in Nakamoto’s Bitcoin Whitepaper about peer-to-peer electronic payments, which reads, “without going through a financial institution.” And for that privilege of breaking free from financial institutions, they’re willing to give up a great many advantages that cards today provide them with. For all PYMNTS Crypto coverage, subscribe to the daily Crypto Newsletter .', 'Paying in crypto is supposed to lower the fees people pay when they purchase things by cutting out the middlemen like banks, credit card firms and other payments processors.\nAlong with privacy, that was the point of Bitcoin,describedas a “purely peer-to-peer version of electronic cash” that allows payments “without going through financial institutions,” according to its pseudonymous creator, Satoshi Nakamoto.\nSee more:Who Is Bitcoin Creator ‘Satoshi Nakamoto,’ and Why Does He Still Matter?\nBut that leaves a very basic question: Who benefits the most from crypto payments?\nThere’s a strong argument that it’s the merchant accepting it much more than the crypto owner buying with it. No debit card and credit card processing fees, no extra costs when rewards cards are used, no trying to convince consumers to hit debit instead of credit, no trying to get customers to accept surcharges — all that crypto payments have, if accepted directly, is the blockchain transaction fee. Which is paid by the sender not the recipient of a cryptocurrency transaction.\nSee here:The Data Point: 44% of Consumers Say They Would Switch Merchants Over Card Surcharges\nEven when run through a crypto-only payments processor that takes the digital assets from the consumer and pays the merchant in fiat currency, the cost of accepting cryptocurrency is generally lower and comes without the need to take the volatility and security risks that come with using your own digital wallet.\nRead also:Crypto Basics Series: What’s a Crypto Wallet and How You Can Avoid Losing a Quarter Billion Dollars?\nThen there are chargebacks. Or rather the lack of them. Cryptocurrency payments are, by their nature, irreversible. The only way to get a crypto payment back is to have the recipient initiate a second transaction. With crypto payments, customers can ask for refunds, but they can’t demand chargebacks — an argument merchants considering accepting crypto tend to be very interested in.\nWhich is to say, the card system today subsidizes the cardholder heavily at the expense of merchants. And in many ways, accepting crypto at checkout can reduce or eliminate those subsidies with relying on legislation, like the bipartisan billintroducedby senators Dick Durbin (D-Illinois) and Roger Marshall (R-Kansas) on July 28 that would give merchants the ability to process Visa and Mastercard over different networks.\nRead more:Sen. Durbin Wants Another Bite at Card Interchange Fees\nThe Hard Core\nWhile the tumbling price of cryptocurrencies — Bitcoin has been down 65% to 70% since its November all-time high — has probably diminished crypto owners’ willingness to spend something at $22,000 when they bought it at $44,000.\nBut people are still very much interested in spending a growing number of cryptocurrencies, including ether, stablecoins like USDC, and even dogecoin, Stephen Pair, president of crypto payments technology firm BitPay, told PYMNTS’ Karen Webster in May.\nRead also:More Consumers Buying Crypto and Want More Ways to Spend It\nThat said, it is worth looking at who the crypto spender is.\nPYMNTS’ April study, “The U.S. Crypto Consumer: Cryptocurrency Use In Online and In-Store Purchases” found that 23% of Americans have or had owned crypto in the 12 months preceding it — almost 60 million, up from about 41.5 million the year before.\nSee also:PYMNTS Data Show Jump in Crypto Ownership, Willingness to Spend It\nMore than a quarter of high-income consumers said they are “very” or “extremely” likely to switch merchants in favor of one accepting cryptocurrency.\nOne increasingly common way of spending crypto is with Visa- or Mastercard- branded crypto debit cards, many issued through exchanges and connected to clients’ digital wallets, that let users spend crypto at the point of sale without the merchant even knowing about it, as all they see is a debit card paying them cash.\nWhat comes across very clearly is that crypto spenders are the hardcore crypto users — the people who see bitcoin and other digital assets not as investments but as the future of payments — the next generation of currency.\nThat makes the target crypto customer someone focused as much on the ideology of crypto — the back half of the first line in Nakamoto’s Bitcoin Whitepaper about peer-to-peer electronic payments, which reads, “without going through a financial institution.”\nAnd for that privilege of breaking free from financial institutions, they’re willing to give up a great many advantages that cards today provide them with.\nFor all PYMNTS Crypto coverage, subscribe to the dailyCrypto Newsletter.', 'Bitcoin was trending lower in early Asia trading on Wednesday with most major cryptocurrencies falling. Bitcoin was priced at US$23,048 as of 8 a.m. in Hong Kong, down 1.2% in the prior 24 hours. Ethereum was little changed at US$1,643, up 0.3%, according to data from CoinMarketCap . See related article: Bitcoin, Ethereum lose ground; Polkadot skids after near six-week run up Fast facts All other tokens in CoinMarketCap\x92s top 10 traded lower, while BNB held a marginal gain of 0.4% to US$284.98. Ethereum Classic rose 5.5% to change hands at US$36.85 amid a surge of interest ahead of Ethereum\x92s \x93Merge.\x94 Cronos (CRO), the native cryptocurrency of Crypto.com\x92s Cronos chain, was up more than 10% to a six-week high of US$0.15 following the announceme Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-08-03 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $444,319,776,150 - Hash Rate: 199607727.89860287 - Transaction Count: 282037.0 - Unique Addresses: 693063.0 Social & AI Sentiment: - Fear & Greed Index: 0.34 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Sydney --News Direct-- Huobi Group Huobi Group, one of the world’s leading digital asset service providers, has completed its registration as a digital currency exchange provider with the Australian Transaction Reports and Analysis Centre (AUSTRAC). This marks the first step in the company’s push to offer digital currency exchange services in the country. It is also the latest compliance milestone in Huobi Group’s global expansion. According to the relevant AUSTRAC regulations, Huobi Global can provide the following services after successful registration: money (Australian or foreign currency) for digital currency, digital currency for money (Australian or foreign currency). Huobi Global will mainly plan to provide OTC services after receiving the registration status this time. Huobi Group CFO Lily Zhang said: “We have always made security and compliance our highest priorities, as we believe that only under this principle can we grow alongside the industry to provide professional and secure services to our users.” As one of the earliest digital asset exchanges to offer cryptocurrency trading worldwide, Huobi Group has been working toward compliant growth since 2017. As of today, Huobi Group is licensed for various cryptocurrency-related services in a number of countries and regions, including South Korea, Japan, and Gibraltar. Just a week ago, Huobi Group was granted MVP provisional approval by the Dubai Virtual Assets Regulatory Authority (VARA) while it applies for a license, in accordance with VARA requirements. The license will enable Huobi Investment FZE, Huobi’s UAE-based entity, to offer a full suite of virtual asset exchange products and services, within the parameters set by VARA’s specialized “test-adapt-scale” model. In late June, Huobi Group received the DIFC license for innovative technology companies in Dubai. In the same month, it was listed on New Zealand's Financial Services Provider Register (FSPR) which enables it to operate a regulated foreign currency exchange, money or value transfer services, and crypto OTC trading services in the country. Story continues “We are pleased to see the growing number of licenses and registrations we have received globally, which demonstrates our commitment to compliant growth. We aim to sustain this momentum to drive our global expansion,” Zhang added. About Huobi Group Founded in 2013, Huobi Group is one of the world’s leading digital asset service providers, with tens of millions of users across five continents and 160 countries and regions. We are dedicated to empowering financial freedom and creating new global wealth, having led the cryptocurrency industry in spot, derivatives, and Bitcoin transactions for many years. Our infrastructure, operations and offerings are built on processes and standards that prioritize user safety and industry compliance, backed by strong global customer support underpinned by local expertise. It offers a unique trading environment that is truly customer-first, safe and sustainable for all users, enabling their long-term success. For more information, visit www.huobi.com Contact Details Huobi PR Team [email protected] View source version on newsdirect.com: https://newsdirect.com/news/huobi-group-registered-as-digital-currency-exchange-provider-in-australia-358612763... - Reddit Posts (Sample): [['u/DannyMtld', 'Feedback on my first week?', 23, '2022-08-03 00:18', 'https://www.reddit.com/r/Daytrading/comments/weowwm/feedback_on_my_first_week/', "I've spent my first 7 days day trading BTC/USDT and ended up with 12 trades of which I won 9 (75% W/L). I make somewhere around -0,50% to +1,50% everyday. Only had 2 red days so far. This week ended with +3,33% on my initial balance. I'm wondering if these stats are 'good enough' for a beginner? \n\nI'm trading with very little money (<$100) to see if I'm able to make profit at all before I commit more money up front. I've respected my stop/losses. In my opinion any profit is good profit right?", 'https://www.reddit.com/r/Daytrading/comments/weowwm/feedback_on_my_first_week/', 'weowwm', [['u/muaddibz', 13, '2022-08-03 00:58', 'https://www.reddit.com/r/Daytrading/comments/weowwm/feedback_on_my_first_week/iipj4fg/', 'If you are not losing then you are in the top 10% of traders', 'weowwm'], ['u/RogueTraderX', 15, '2022-08-03 01:51', 'https://www.reddit.com/r/Daytrading/comments/weowwm/feedback_on_my_first_week/iipqkte/', "Risk management is king\n\nOnly risk 1% of your account per trade.\n\nHave a max loss of 3% each day.\n\nStudy how you could have avoided your losers.\n\nStudy how you could have reduced your losers.\n\nYou shouldn't be consistently making the same mistakes. \n\nStudy how you could have improved your winners.\n\nYou want to aim for atleast a 50% win rate and atleast a 1:2 risk to reward / 2R profit factor.\n\nThe more the better, but that is a good baseline.", 'weowwm']]], ['u/RoboticElfJedi', "How does the butters' final scenario play out?", 32, '2022-08-03 01:42', 'https://www.reddit.com/r/Buttcoin/comments/wequyb/how_does_the_butters_final_scenario_play_out/', 'It is an article of faith amongst Bitcoin proponents that Bitcoin will one day totally replace fiat currency, due to its many compelling advantages. But I\'ve never heard a detailed account of how this is going to play out, like how all us serfs with no BTC will move over and start getting paid and buying groceries with crypto in a new economy.\n\nSo assuming the advantages of BTC were real (they aren\'t), what would the transition away from regular money look like? The butters seem to assume that Bitcoin itself will be adopted as the world\'s store of wealth, and so anyone who owns a bitcoin will automatically have 1 21-millionth of the world\'s money, which is a lot. But it seems obvious to me that if we were going to transition wholesale away from fiat currency, the powers that be wouldn\'t go for a system where most of the world\'s wealth is suddenly held by a small group of crypto bros. It wouldn\'t be like, "welp, Bitcoin is perfect, we all have to use it, so I guess we are all owned by the guys with Bitcoin now. I hope they will give us some money to live on and to pay our army with." Anyone, such as a government, a local warlord, or the United Nations, could make a new clone of Bitcoin - and they could do it in such a way that the Bitcoin supply was shared more fairly (i.e. the people who are rich and powerful now get lots of it and we get the leavings).\n\nIn other words, it seems to me that on the day of Bitcoin\'s final victory over fiat, all of the Butters will be queuing up with the rest of us with fresh clean wallets hoping to get some.', 'https://www.reddit.com/r/Buttcoin/comments/wequyb/how_does_the_butters_final_scenario_play_out/', 'wequyb', [['u/PneumaticAtol39', 13, '2022-08-03 02:16', 'https://www.reddit.com/r/Buttcoin/comments/wequyb/how_does_the_butters_final_scenario_play_out/iiptwc2/', 'With them driving in the Lambos. They go to the market and as soon as they step out, mere normies lay down to lay a path for them to step into the store which welcomes them with open arms. They get to be shit to everyone around them.\n\nBasically them living in Cheshire (replace Landrovers with Lambos).', 'wequyb'], ['u/martavisgriffin', 21, '2022-08-03 03:01', 'https://www.reddit.com/r/Buttcoin/comments/wequyb/how_does_the_butters_final_scenario_play_out/iiq011r/', 'I heard deflation and people not spending money is great for the economy', 'wequyb'], ['u/RoboticElfJedi', 14, '2022-08-03 06:51', 'https://www.reddit.com/r/Buttcoin/comments/wequyb/how_does_the_butters_final_scenario_play_out/iiqsdw1/', ">And it kind of blows a hole in the altruism of those who try to sell it as technology for helping people. When you say “It’s going to shake up the system and totally change everything” while you’re furiously buying butt, what you’re really saying is that this is your attempt to ensure that when the dust settles, it’s \n> \n>you on top of the heap.\n\nI haven't heard this spelled out so succinctly before, but you are right. Bitcoin as the great leveler and enabler doesn't make sense if early adopters can profitably hoard it all.", 'wequyb']]], ['u/tanker95', '“Other countries,” a pep talk, and venting my feelings to make myself feel better.', 46, '2022-08-03 05:28', 'https://www.reddit.com/r/AMPToken/comments/wevok4/other_countries_a_pep_talk_and_venting_my/', 'Flexa has always moved in silence. Now I Know why. I have a feeling they knew this day would come. It’s the little guy vs. the industry giants like Visa, Mastercard, and the SEC. Look any other crypto project. Do you think any of them are in a better position to go against the SEC than Flexa? They have been focused on compliance since day one. I am convinced they are working hard right now getting things in order for this battle. When they drop the hammer, they are going to drop the MF’ing hammer! Look at the advisor board, legal team, licenses, NY headquarters, etc. This is not over by any means. \n\nThis brings me to my second point. Tyler himself mentioned Flexa is working directly with other countries like they are with El Salvador. Granted, things in the US might get tied up for months, possibly years, but that is not the end of Flexa/AMP. AMP is still being used at collateral in El Salvador, 60,000+ locations in the US, and lest we forget, seems to have some merchants in the works with this commercial we have been stewing over for a while now. These “other countries” may very well be what helps keep Flexa and AMP rolling while Flexa is tied up in the US with the SEC.\n\nDon’t act on emotions alone! If you are considering selling, I’m not going to tell you not to. But take some time to truly evaluate your plan. At one point, many of us were buying AMP before it was even listed on Binance, and Crypto.com. There is a storm brewing in crypto, and this is just the beginning. What’s happening with AMP, may very well be happening with the majority of crypto projects soon. The SEC and elites are scared of the innovation that is on the horizon. They are afraid of losing the power traditional finance has lined there pockets with for so many years. Pulling your AMP investment to move to other projects may find you in the same dilemma you are experiencing today. Because I know for damn sure the Flexa team is better prepared for this battle than projects like Solana, Cardano, Shiba, Doge, etc. \n\nInvesting in anything other than Bitcoin (and maybe ethereum) is risky right now. This is just the beginning. If you feel you are over invested in AMP, diversify. If you think the price is going to go down, sell and sit on your bag. If you have lost faith in AMP, put your money where your heart is. But for me, I’m either going down with the ship, or riding this rocket to the moon(once it launches due to this temporary delay….)', 'https://www.reddit.com/r/AMPToken/comments/wevok4/other_countries_a_pep_talk_and_venting_my/', 'wevok4', [['u/ShaneTwenty20', 21, '2022-08-03 05:43', 'https://www.reddit.com/r/AMPToken/comments/wevok4/other_countries_a_pep_talk_and_venting_my/iiqkzmo/', 'Good point, any crypto that is not US originated almost surely pays far less attention to compliance in the US, out of the hundreds on CB, my guess is only a handful have more than ten full time employees and those are technical guys not lawyers. \n\nFLEXA doesn\'t even have to "lawyer up" because:\n1) they are not AMP and \n2) they already have two full time crypto lawyers on staff\n\nThis whole "what crypto is a security" may vanish once courts rule that current law is too vague to be enforceable (legitimate legal tactic) and that SEC is acting in an arbitrary in capricious manner (a legal standard used in judging validity of government agency enforcement actions)', 'wevok4'], ['u/wakeupmrwes', 15, '2022-08-03 06:05', 'https://www.reddit.com/r/AMPToken/comments/wevok4/other_countries_a_pep_talk_and_venting_my/iiqnj06/', 'The “David and Goliath” or “common man vs the elites” trope is getting old. This sub is starting to read like a QAnon thread. \n\nThe reality is likely so boring and ordinary. The SEC is just doing it’s boring job and Visa and Mastercard just want to keep doing their boring jobs, and AMP as a token/security (or Flexa as a company) isn’t even a thought that anyone at any of these institutions has outside of working hours. \n\nThink about it this way: in prior months any mention of Visa/MC was met with “bro you don’t get it it’s not a zero sum game everyone can exist in harmony and Flexa just wants a small sliver of the pie”. Now that AMP is under investigation, these same companies are being implicated in some conspiracy to suppress AMP’s potential because it has so much disruptive potential. \n\nCan’t have it both ways. And don’t forget, AMP was down ~90% from its all time high before the SEC got involved in any way, and before any exchanges started to delist it. I understand the frustration, but the majority of complaints about price are the result of the project’s lack of success to this point - not the fault of other institutions doing their jobs.', 'wevok4'], ['u/AMPhowdoesitwork', 10, '2022-08-03 06:52', 'https://www.reddit.com/r/AMPToken/comments/wevok4/other_countries_a_pep_talk_and_venting_my/iiqsgpw/', 'Lack of success... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin was trending lower to little-changed in early Asia trading on Thursday with most major cryptocurrencies losing ground. Solana remained lower after reports of a hack on its network. Bitcoin was priced at US$22,848 as of 8 a.m. in Hong Kong, off 0.6% in the last 24 hours. Ethereum dipped 0.8% to US$1,615, according todata from CoinMarketCap.See related article:Bitcoin falls in market downtrend, ETH treads water, ETC and CRO edge up\n• Solana saw the biggest losses in CoinMarketCap’s top ten list by market cap, trading down 6.53% to US$38.36, continuing its losses from Wednesday amidreports of hacks on the networkthat had caused wallets to be drained.\n• BNB was one of two top ten cryptos to buck the downtrend, rising 5% to change hands at US$297.46,amid reportsBinance, the issuer of BNB, was offering staking services for more tokens. Cardano edged up 0.8% to US$0.50.\n• Further down the list, the decentralized finance (DeFi) token Uniswap rose 7.16% to US$9.00.\n• Traditional stock markets fared better overnight; the Nasdaq Composite closed 2.6% higher on Wednesday, while the Dow Jones Industrial Average gained 1.3% and the S&P 500 Index finished up 1.6%.\n• The gains in equities came as the speaker of the U.S. House of Representatives Nancy Pelosi left Taiwan Wednesday afternoon after a diplomatic visit that escalated tensions between China and the U.S. and raised fears of a potential military confrontation.\nSee related article:DeFi explained: The guide to decentralized finance', 'Bitcoin was trending lower to little-changed in early Asia trading on Thursday with most major cryptocurrencies losing ground. Solana remained lower after reports of a hack on its network. Bitcoin was priced at US$22,848 as of 8 a.m. in Hong Kong, off 0.6% in the last 24 hours. Ethereum dipped 0.8% to US$1,615, according to data from CoinMarketCap . See related article: Bitcoin falls in market downtrend, ETH treads water, ETC and CRO edge up Fast facts Solana saw the biggest losses in CoinMarketCap\x92s top ten list by market cap, trading down 6.53% to US$38.36, continuing its losses from Wednesday amid reports of hacks on the network that had caused wallets to be drained. BNB was one of two top ten cryptos to buck the downtrend, rising 5% to change hands at US$297.46, amid reports Binance, the issuer of BNB, was offering staking services for more tokens. Cardano edged up 0.8% to US$0.50. Further down the list, the decentralized finance (DeFi) token Uniswap rose 7.16% to US$9.00. Traditional stock markets fared better overnight; the Nasdaq Composite closed 2.6% higher on Wednesday, while the Dow Jones Industrial Average gained 1.3% and the S&P 500 Index finished up 1.6%. The gains in equities came as the speaker of the U.S. House of Representatives Nancy Pelosi left Taiwan Wednesday afternoon after a diplomatic visit that escalated tensions between China and the U.S. and raised fears of a potential military confrontation. See related article: DeFi explained: The guide to decentralized finance', 'Bitcoin was trending lower to little-changed in early Asia trading on Thursday with most major cryptocurrencies losing ground. Solana remained lower after reports of a hack on its network. Bitcoin was priced at US$22,848 as of 8 a.m. in Hong Kong, off 0.6% in the last 24 hours. Ethereum dipped 0.8% to US$1,615, according todata from CoinMarketCap.See related article:Bitcoin falls in market downtrend, ETH treads water, ETC and CRO edge up\n• Solana saw the biggest losses in CoinMarketCap’s top ten list by market cap, trading down 6.53% to US$38.36, continuing its losses from Wednesday amidreports of hacks on the networkthat had caused wallets to be drained.\n• BNB was one of two top ten cryptos to buck the downtrend, rising 5% to change hands at US$297.46,amid reportsBinance, the issuer of BNB, was offering staking services for more tokens. Cardano edged up 0.8% to US$0.50.\n• Further down the list, the decentralized finance (DeFi) token Uniswap rose 7.16% to US$9.00.\n• Traditional stock markets fared better overnight; the Nasdaq Composite closed 2.6% higher on Wednesday, while the Dow Jones Industrial Average gained 1.3% and the S&P 500 Index finished up 1.6%.\n• The gains in equities came as the speaker of the U.S. House of Representatives Nancy Pelosi left Taiwan Wednesday afternoon after a diplomatic visit that escalated tensions between China and the U.S. and raised fears of a potential military confrontation.\nSee related article:DeFi explained: The guide to decentralized finance', 'By Alun John\nHONG KONG, Aug 4 (Reuters) - The dollar was on the front foot on Thursday, helped by several U.S. Federal Reserve officials pushing back against suggestions they will slow the pace of interest rate hikes, while the pound was flat ahead of a Bank of England meeting.\nThe dollar index, which measures the greenback against six peers, was steady in early trade at 106.39 having eked out small gains overnight. It is up around 0.5% this week, reversing the trend of the previous two weeks.\n"The dollar weakened last week after the (policy setting) Federal Open Market Committee meeting because the market wanted to believe that the Fed was pivoting in a dovish manner because of slowing growth," said Sim Moh Siong, currency strategist at Bank of Singapore.\n"This week, there are a lot more FOMC speakers pushing back against this idea, all singing the same tune: ‘we are not done, and you should expect more rate hikes’," he added .\nSan Francisco Fed President Mary Daly and Minneapolis Fed President Neel Kashkari overnight voiced their determination to rein in high inflation, reiterating similar messages from other officials the day before.\nA Reuters poll of analysts earlier this week found 70% thought the dollar was yet to peak in this cycle, even after the dollar index hit a two-decade peak in July.\nAccording to CME\'s FedWatch tool, the market is pricing in a 58% chance of a 50 basis point rate hike at the Fed\'s September meeting, and a 42% chance of a another massive 75 basis point increase.\nHowever Sim said the dollar\'s recent performance was a mixed picture as the improved risk sentiment, which has also helped equity prices in the U.S. has been supporting risk friendlier currencies.\nThe Australian dollar was at $0.695 on Thursday morning after gaining 0.46% the day before, trying to head back above the symbolic $0.7 level it fell from earlier in the week after seemingly dovish remarks from the central bank.\nAlso in central bank news, Sterling was little changed at $1.2158 ahead of a BOE meeting later in the day at which most investors expect the central bank will raise rate by 50 basis points to 1.75%, the highest level since late 2008.\nThe decision is due at 1100 GMT.\nThe euro was flat at $1.01635 and the Japanese yen , which has borne the brunt of this week\'s dollar gains, recovered a little to 133.54 per dollar.\nBitcoin was up a touch at $23,000.\n(Reporting by Alun John; Editing bt Sam Holmes)', 'By Alun John HONG KONG, Aug 4 (Reuters) - The dollar was on the front foot on Thursday, helped by several U.S. Federal Reserve officials pushing back against suggestions they will slow the pace of interest rate hikes, while the pound was flat ahead of a Bank of England meeting. The dollar index, which measures the greenback against six peers, was steady in early trade at 106.39 having eked out small gains overnight. It is up around 0.5% this week, reversing the trend of the previous two weeks. "The dollar weakened last week after the (policy setting) Federal Open Market Committee meeting because the market wanted to believe that the Fed was pivoting in a dovish manner because of slowing growth," said Sim Moh Siong, currency strategist at Bank of Singapore. "This week, there are a lot more FOMC speakers pushing back against this idea, all singing the same tune: ‘we are not done, and you should expect more rate hikes’," he added . San Francisco Fed President Mary Daly and Minneapolis Fed President Neel Kashkari overnight voiced their determination to rein in high inflation, reiterating similar messages from other officials the day before. A Reuters poll of analysts earlier this week found 70% thought the dollar was yet to peak in this cycle, even after the dollar index hit a two-decade peak in July. According to CME\'s FedWatch tool, the market is pricing in a 58% chance of a 50 basis point rate hike at the Fed\'s September meeting, and a 42% chance of a another massive 75 basis point increase. However Sim said the dollar\'s recent performance was a mixed picture as the improved risk sentiment, which has also helped equity prices in the U.S. has been supporting risk friendlier currencies. The Australian dollar was at $0.695 on Thursday morning after gaining 0.46% the day before, trying to head back above the symbolic $0.7 level it fell from earlier in the week after seemingly dovish remarks from the central bank. Story continues Also in central bank news, Sterling was little changed at $1.2158 ahead of a BOE meeting later in the day at which most investors expect the central bank will raise rate by 50 basis points to 1.75%, the highest level since late 2008. The decision is due at 1100 GMT. The euro was flat at $1.01635 and the Japanese yen , which has borne the brunt of this week\'s dollar gains, recovered a little to 133.54 per dollar. Bitcoin was up a touch at $23,000. (Reporting by Alun John; Editing bt Sam Holmes)', 'The massive Solana wallet exploit that began on Wednesday Hong Kong time is believed to be related to the Slope mobile wallet app, while there is no evidence to show the blockchain\x92s code was compromised, Solana said. See related article: Bitcoin, Ethereum little changed; Solana still lower after network hack Fast facts \x93Private key information was inadvertently transmitted to an application monitoring service,\x94 Solana said on its verified Twitter account. It is still investigating the details of exactly how Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-08-04 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $437,552,703,575 - Hash Rate: 183173748.8020644 - Transaction Count: 279707.0 - Unique Addresses: 695558.0 Social & AI Sentiment: - Fear & Greed Index: 0.30 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: SAN SALVADOR (Reuters) - El Salvador's Finance Minister Alejandro Zelaya on Monday dismissed concerns that a sharp drop in the value of bitcoin could hurt the Central American nation's fiscal health. El Salvador last September became the first country to make bitcoin a legal tender, alongside the U.S. dollar, despite criticism by the International Monetary Fund and credit agencies. "When they tell me that the fiscal risk for El Salvador because of Bitcoin is really high, the only thing I can do is smile," Zelaya said at a press conference. "The fiscal risk is extremely minimal." Since last September, El Salvador's government has purchased 2,301 units of the cryptocurrency, which fell on Monday to its lowest value since 2020. Zelaya cited an earlier estimate from Deutsche Welles that the country's bitcoin portfolio had lost some $40 million in value. "Forty million dollars does not even represent 0.5% of our national general budget," he said. Bitcoin's value has dropped some 50% since it became legal tender in the country. (Reporting by Nelson Renteria; Writing by Brendan O'Boyle; Editing by Richard Pullin)... - Reddit Posts (Sample): [['u/archeeye', 'Can someone explain what happened with crypto to one who has been away from a keyboard for the past year?', 34, '2022-08-04 02:50', 'https://www.reddit.com/r/BitcoinMarkets/comments/wfnaj1/can_someone_explain_what_happened_with_crypto_to/', "Well, the inevitable crush at btc around 69k is fair. Consolation or what you call it. But what happened to whole market ever after? What is it explained by?\n\nMarket participants seemed to be so hopeful with big tech and legal supporting the claims and ''trends''. From looking at it as an outsider it does seem that the whole narrative and price rationale is always given in hindsight instead of having much of a predicting power. But thats just my speculation of course.\n\nI expect this to be a bit of the dumb dumb question but would be thankful for some of your insights..", 'https://www.reddit.com/r/BitcoinMarkets/comments/wfnaj1/can_someone_explain_what_happened_with_crypto_to/', 'wfnaj1', [['u/humansubjects', 72, '2022-08-04 03:02', 'https://www.reddit.com/r/BitcoinMarkets/comments/wfnaj1/can_someone_explain_what_happened_with_crypto_to/iiuuqbh/', 'Tech stocks dumped, taking crypto down with it. A stablecoin imploded, Celsius was indeed a scam, and crypto gets traded like a risk-on asset as we go into a recession. But it looks like we may have hit bottom.', 'wfnaj1'], ['u/SpicyBurittoz', 23, '2022-08-04 03:53', 'https://www.reddit.com/r/BitcoinMarkets/comments/wfnaj1/can_someone_explain_what_happened_with_crypto_to/iiv1he3/', "Same thing that Bitcoin's done multiple times now over the last 13 years. Manic bull market with a higher high, followed by a bear market with a higher low. People love to apply narratives to every step of the price action, but Bitcoin always seems to respect this somewhat predictable pattern while following a logarithmic regression adoption curve.", 'wfnaj1'], ['u/DamonAndTheSea', 13, '2022-08-04 05:57', 'https://www.reddit.com/r/BitcoinMarkets/comments/wfnaj1/can_someone_explain_what_happened_with_crypto_to/iivgdnp/', 'This is a great tl:dr', 'wfnaj1'], ['u/tighter_wires', 12, '2022-08-04 12:49', 'https://www.reddit.com/r/BitcoinMarkets/comments/wfnaj1/can_someone_explain_what_happened_with_crypto_to/iiwev0o/', '>\tas we go into a recession… it looks like we may have hit bottom \n\nHmmm….', 'wfnaj1']]], ['u/One_2_Three', "BCH, yes it's fast, but fast to zero confirmations?", 22, '2022-08-04 03:20', 'https://www.reddit.com/r/Bitcoincash/comments/wfnyex/bch_yes_its_fast_but_fast_to_zero_confirmations/', "Not a hate post, a question. Ok, bough a few coins to check this out. I'm in Canada, it's a challenge to buy BCH here, Shakepay -> BTC -> Kraken -> BCH. That system works ok, lost about $4 on a few $100CAD order.\n\nAnyhow, made a few Tx from main wallet to mobile wallet and back. Fast, cost like $0.0001 to transfer, all on L1. GREAT, love it! LN is cool in all, but to have everything on L1 is damn convenient.\n\nHere is my question. The Tx happens quick but at 0 confirmations. To get to 1 confirmation it takes a while, somewhat like BTC (which is what I'm used to). Can the sender reverse that transaction before 1 conf. happens? \n\nYes, my knowledge on this aspect of BCH is limited, this is why I'm here. And yes, I'm liking what I see in BCH. Thanks!\n\nEdit: thanks for all your replies. Very helpful!\n\nEdit2: this post seems to be hidden from this sub-Reddit? Why?", 'https://www.reddit.com/r/Bitcoincash/comments/wfnyex/bch_yes_its_fast_but_fast_to_zero_confirmations/', 'wfnyex', [['u/MobTwo', 18, '2022-08-04 03:34', 'https://www.reddit.com/r/Bitcoincash/comments/wfnyex/bch_yes_its_fast_but_fast_to_zero_confirmations/iiuz0ds/', "To remove all doubts that accepting 0 confirmations can be safe, what better way to have a business that, if 0 confirmations is not safe enough, will bankrupt the business? That's why SpinBCH.com was created to prove that accepting 0 confirmations is safe enough (nothing is 100% safe) and that SpinBCH has been in business for many years already accepting 0-conf. That is more than enough evidence for me to have a business accepting 0-conf for years and still running without any problems.", 'wfnyex'], ['u/KallistiOW', 12, '2022-08-04 04:11', 'https://www.reddit.com/r/Bitcoincash/comments/wfnyex/bch_yes_its_fast_but_fast_to_zero_confirmations/iiv3w0r/', 'One of the main reasons that double-spends are a problem on BTC is because of the "replace-by-fee" anti-feature. An unconfirmed (0-conf) transaction can be replaced by a higher fee transaction that uses the same inputs, and if the merchant delivered goods already then they would be stolen.\n\nNot only has BitcoinCash removed replace-by-fee, it also has additional protection against 0-conf double spends:\n\n- Nodes respect the "first seen" rule, so if there\'s a double-spend attempt, the transaction that the network observed first would be the "valid" transaction.\n\n- Nodes also propagate a "double spend proof" that informs other nodes that a double spend attempt has been observed. Merchant-facing software can then notify a clerk or an admin about the foul play and take action as appropriate for the situation.\n\n~~BTC with these same features would also be secure for 0-conf transactions.~~ (edit: not true because transactions can fall out of mempool after a long time of not being mined into a block) Actually, even without double spend proofs, it still costs a non-negligible amount of real money in order to attempt a malicious reorg of the chain. That\'s the whole point of mining.\n\nEdit: check out https://doublespend.cash/', 'wfnyex']]], ['u/Sammy12xyz', 'Decentralization is the way. An Iranian family’s struggle with sanctions.', 94, '2022-08-04 03:59', 'https://www.reddit.com/r/CryptoCurrency/comments/wforph/decentralization_is_the_way_an_iranian_familys/', 'Rant. We are normal people. We have no criminal record. We just want to lead normal lives. \n\nA simple money transfer has taken over 20 days, and when finally sent it was rejected as Iranians cannot have a USD account. \n\nNo, more like I can’t transfer USD using banks. \n\nIt took 20 days. Unfortunately, my father ended up taking a risk, flew out of the country and physically brought USD cash into Turkey. \n\nWhat could have been done in less than an hour using a crypto exchange ended up taking 23 Days and a lot of unnecessary risk. \n\nUnless you’re from a select group of very special countries you don’t know what it’s like to have something like crypto in your life. The sheer difficulty to send 100KUSD almost had us losing out on a property deal. \n\nPoint to note: We HAD to send USD as Turkey needs to see only USD being exchanged to Turkish Lira for foreign property purchases. \n\nMy father does not understand crypto and wouldn’t listen to me and frankly even id be cautious. \n\n\nIt should not be this difficult, but it is. Just made me appreciate what a blessing it is to be able to do a simple transfer that easily. \n\nViva BTC ✌🏼', 'https://www.reddit.com/r/CryptoCurrency/comments/wforph/decentralization_is_the_way_an_iranian_familys/', 'wforph', [['u/Harold838383', 10, '2022-08-04 05:14', 'https://www.reddit.com/r/CryptoCurrency/comments/wforph/decentralization_is_the_way_an_iranian_familys/iivbcfw/', "Crypto will be widely adopted if it truly makes life that much easier for people. It's only a matter of time", 'wforph'], ['u/Baecchus', 46, '2022-08-04 06:08', 'https://www.reddit.com/r/CryptoCurrency/comments/wforph/decentralization_is_the_way_an_iranian_familys/iivhm3n/', 'I live in Turkey and I had a similar situation that ended up being solved by Crypto. When people ask what problem Crypto solves you can tell they live in a first world bubble.', 'wforph'], ['u/evelynvee', 21, '2022-08-04 06:58', 'https://www.reddit.com/r/CryptoCurrency/comments/wforph/decentralization_is_the_way_an_iranian_familys/iivms9s/', "Yep, 60% of reddit are from US and the rest is mostly 1st world Europe. They rarely hear about the other side of the world.\n\nI had same experience in my country.\n\nPaypal and Stripe are pretty much blocked. No banks would accept them other than small banks that give terrible conversion rate.\n\nUSD banknote also has 30-40% premium because our currency is shit.\n\nIt's only thanks to Binance and their p2p platform that we can buy BUSD with only 1-2% premium", 'wforph']]], ['u/diego_DFN', 'BTC Testnet < > ICP Integration: the testnet is live 🎉', 58, '2022-08-04 05:55', 'https://www.reddit.com/r/dfinity/comments/wfr2br/btc_testnet_icp_integration_the_testnet_is_live/', 'Check out the link on dev forum to documentaron + sample code!', 'https://forum.dfinity.org/t/btc-testnet-icp-integration-the-testnet-is-live/14675', 'wfr2br', [['u/Fun-Tree-5888', 17, '2022-08-04 07:32', 'https://www.reddit.com/r/dfinity/comments/wfr2br/btc_testnet_icp_integration_the_testnet_is_live/iivq0qt/', 'Congratulations and well done to the Dfinity team for this amazing achievement . Can’t wait to see and use live use cases. \n\nHas a PR offensive been planned to get this incredible news out to the Crypto media?', 'wfr2br']]], ['u/AutoModerator', '[Daily Discussion] - Thursday, August 04, 2022', 35, '2022-08-04 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/wfr5h2/daily_discussion_thursday_august_04_2022/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https:/... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['It was a mixed bag for the top 10 cryptocurrencies Friday morning in Asia, with most moving less than 1%. Bitcoin dipped, while BNB continued its breakout run for a second day. Bitcoin was trading at US$22,612 as of 8 a.m. in Hong Kong, down 1% in the last 24 hours. Ethereum slipped 0.7% to US$1,607,according to data from CoinMarketCap.See related article:Bitcoin, Ethereum little changed; Solana still lower after network hack\n• BNB gained 4.6% to change hands at US$311.18, followingreportson Thursday that Binance, the issuer of BNB, was expanding its staking service offerings to more cryptocurrencies. Investors also seem to like the news that cofounder Yi He is set tohead Binance Labs, the firm’s venture capital and accelerator arm.\n• Flow token gained 40% to trade at US$2.58 — the highest since early June — following the announcement that Meta (formerly Facebook) will enable a Flow-based non-fungible token (NFT) integration with Instagram in over 100 countries.\n• Equity markets also traded mixed amid lingering concerns about U.S.-China tensions over Taiwan and ahead of the release of non-farm payroll numbers in the U.S. on Friday, a leading economic indicator.\n• The Nasdaq Composite closed 0.4% higher on Thursday, while the Dow Jones Industrial Average lost 0.3% and the S&P 500 Index finished down 0.8%.\n• The Bank of England also raised interest rates on Thursday by 50 basis points to 1.75% — its sharpest raise in 27 years —\xa0while warning a recession could last more than 12 months and inflation could reach 13% in the country by year’s end.\nSee related article:Meta’s attempts at building a metaverse will ‘misfire’: Vitalik Buterin', 'It was a mixed bag for the top 10 cryptocurrencies Friday morning in Asia, with most moving less than 1%. Bitcoin dipped, while BNB continued its breakout run for a second day. Bitcoin was trading at US$22,612 as of 8 a.m. in Hong Kong, down 1% in the last 24 hours. Ethereum slipped 0.7% to US$1,607, according to data from CoinMarketCap . See related article: Bitcoin, Ethereum little changed; Solana still lower after network hack Fast facts BNB gained 4.6% to change hands at US$311.18, following reports on Thursday that Binance, the issuer of BNB, was expanding its staking service offerings to more cryptocurrencies. Investors also seem to like the news that cofounder Yi He is set to head Binance Labs , the firm\x92s venture capital and accelerator arm. Flow token gained 40% to trade at US$2.58 \x97 the highest since early June \x97 following the announcement that Meta (formerly Facebook) will enable a Flow-based non-fungible token (NFT) integration with Instagram in over 100 countries. Equity markets also traded mixed amid lingering concerns about U.S.-China tensions over Taiwan and ahead of the release of non-farm payroll numbers in the U.S. on Friday, a leading economic indicator. The Nasdaq Composite closed 0.4% higher on Thursday, while the Dow Jones Industrial Average lost 0.3% and the S&P 500 Index finished down 0.8%. The Bank of England also raised interest rates on Thursday by 50 basis points to 1.75% \x97 its sharpest raise in 27 years \x97\xa0while warning a recession could last more than 12 months and inflation could reach 13% in the country by year\x92s end. See related article: Meta\x92s attempts at building a metaverse will \x91misfire\x92: Vitalik Buterin', 'It was a mixed bag for the top 10 cryptocurrencies Friday morning in Asia, with most moving less than 1%. Bitcoin dipped, while BNB continued its breakout run for a second day. Bitcoin was trading at US$22,612 as of 8 a.m. in Hong Kong, down 1% in the last 24 hours. Ethereum slipped 0.7% to US$1,607,according to data from CoinMarketCap.See related article:Bitcoin, Ethereum little changed; Solana still lower after network hack\n• BNB gained 4.6% to change hands at US$311.18, followingreportson Thursday that Binance, the issuer of BNB, was expanding its staking service offerings to more cryptocurrencies. Investors also seem to like the news that cofounder Yi He is set tohead Binance Labs, the firm’s venture capital and accelerator arm.\n• Flow token gained 40% to trade at US$2.58 — the highest since early June — following the announcement that Meta (formerly Facebook) will enable a Flow-based non-fungible token (NFT) integration with Instagram in over 100 countries.\n• Equity markets also traded mixed amid lingering concerns about U.S.-China tensions over Taiwan and ahead of the release of non-farm payroll numbers in the U.S. on Friday, a leading economic indicator.\n• The Nasdaq Composite closed 0.4% higher on Thursday, while the Dow Jones Industrial Average lost 0.3% and the S&P 500 Index finished down 0.8%.\n• The Bank of England also raised interest rates on Thursday by 50 basis points to 1.75% — its sharpest raise in 27 years —\xa0while warning a recession could last more than 12 months and inflation could reach 13% in the country by year’s end.\nSee related article:Meta’s attempts at building a metaverse will ‘misfire’: Vitalik Buterin', 'Bitcoin mining difficulty rose by 1.74% on Thursday following three consecutive drops in previous adjustments, according to data from BTC.com. See related article: Chinese mining rig maker Canaan says global expansion on track despite \x91crypto winter\x92 Fast facts The mining difficulty reading was at 28.17 trillion, as of block height 747,936, the data showed. The difficulty level, which changes about every two weeks, recorded its largest fall in a year during the last adjustment on July 22. Bitcoin mining difficulty is a measure of how hard a miner would have to work to verify transactions in a block to add to the blockchain, or \x93dig out\x94 Bitcoins. Such mining difficulty adjustments are highly correlated to changes in the mining hashrate \x97 the level of computing power used for mining. Bitcoin\x92s hashrate was at around 197.4 exahashes per second on Thursday on a seven-day average, slightly up from 195.9 exahashes on July 22, Blockchain.com data showed . Bitcoin was trading at US$22,925 as of 10 a.m. on Friday in Hong Kong, down 1.1% over 24 hours, according to data from CoinMarketCap. See related article: Singapore-based Bitcoin miner scales back Kazakhstan project', 'Bitcoin mining difficulty rose by 1.74% on Thursday following three consecutive drops in previous adjustments,according to datafrom BTC.com.\nSee related article:Chinese mining rig maker Canaan says global expansion on track despite ‘crypto winter’\n• The mining difficulty reading was at 28.17 trillion, as of block height 747,936, the data showed.\n• The difficulty level, which changes about every two weeks,recorded its largest fallin a year during the last adjustment on July 22.\n• Bitcoin mining difficulty is a measure of how hard a miner would have to work to verify transactions in a block to add to the blockchain, or “dig out” Bitcoins.\n• Such mining difficulty adjustments are highly correlated to changes in the mining hashrate — the level of computing power used for mining.\n• Bitcoin’s hashrate was at around 197.4 exahashes per second on Thursday on a seven-day average, slightly up from 195.9 exahashes on July 22, Blockchain.comdata showed.\n• Bitcoin was trading at US$22,925 as of 10 a.m. on Friday in Hong Kong, down 1.1% over 24 hours,according to datafrom CoinMarketCap.\nSee related article:Singapore-based Bitcoin miner scales back Kazakhstan project', 'Bitcoin mining difficulty rose by 1.74% on Thursday following three consecutive drops in previous adjustments,according to datafrom BTC.com.\nSee related article:Chinese mining rig maker Canaan says global expansion on track despite ‘crypto winter’\n• The mining difficulty reading was at 28.17 trillion, as of block height 747,936, the data showed.\n• The difficulty level, which changes about every two weeks,recorded its largest fallin a year during the last adjustment on July 22.\n• Bitcoin mining difficulty is a measure of how hard a miner would have to work to verify transactions in a block to add to the blockchain, or “dig out” Bitcoins.\n• Such mining difficulty adjustments are highly correlated to changes in the mining hashrate — the level of computing power used for mining.\n• Bitcoin’s hashrate was at around 197.4 exahashes per second on Thursday on a seven-day average, slightly up from 195.9 exahashes on July 22, Blockchain.comdata showed.\n• Bitcoin was trading at US$22,925 as of 10 a.m. on Friday in Hong Kong, down 1.1% over 24 hours,according to datafrom CoinMarketCap.\nSee related article:Singapore-based Bitcoin miner scales back Kazakhstan project', "HIVE Blockchain Technologies Ltd. This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated February 2, 2021 to its amended and restated short form base shelf prospectus dated January 4, 2022. VANCOUVER, British Columbia, Aug. 05, 2022 (GLOBE NEWSWIRE) -- HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (Nasdaq:HIVE) (FSE:HBFA.F) (the “Company” or “HIVE”) is pleased to announce the production figures from the Company’s global Bitcoin and Ethereum mining operations for the month of July 2022, with a BTC HODL balance of 3,091 Bitcoin and 6,820 Ethereum as of August 4, 2022. July 2022 Production Figures HIVE is pleased to announce its July 2022 production figures and mining capacity: 279.9 BTC Produced 2.2 Exahash of Bitcoin mining capacity at beginning of July Increased to 2.26 Exahash of Bitcoin mining capacity during the month of July, with an average hashrate of 2.03 Exahash of Bitcoin mining capacity during the month of July 2,957 ETH Produced* 5.77 Terahash of Ethereum mining capacity at beginning of July, some miners were taken offline temporarily for layout optimization due to higher summer temperatures 6.49 Terahash of Ethereum mining capacity at end of July, with an average hashrate of 6.19 Terahash of Ethereum mining capacity during the month of July The Company’s production of ETH from GPU mining ( Last 60 Days of Bitcoin's Closing Prices:* [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-08-05 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $442,176,363,125 - Hash Rate: 210085555.0395456 - Transaction Count: 268463.0 - Unique Addresses: 687443.0 Social & AI Sentiment: - Fear & Greed Index: 0.31 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: By Hannah Lang, Carolina Mandl and Elizabeth Howcroft (Reuters) - Celsius Network, the retail crypto lending platform whose liquidity problems have sent cryptocurrencies plunging, stumbled on complex investments in the wholesale digital asset market in what analysts say was akin to a traditional bank run. Citing extreme market conditions, New Jersey-based Celsius this week froze withdrawals and transfers between accounts "to stabilize liquidity." In a video on Friday, the company's finance chief said Celsius, along with the industry, had seen redemptions rise following the collapse of cryptocurrency TerraUSD in May. Cryptocurrencies have since lost over $400 billion in value. Similar to a bank, Celsius gathers crypto deposits from retail customers and invests them in the equivalent of the wholesale crypto market, including "decentralized finance" or DeFi sites that use blockchain technology to offer services from loans to insurance outside the traditional financial sector. Unlike banks, Celsius promises retail customers huge returns, sometimes as much as 18.6% annually. The lure of big profits has led individual investors to pour assets into Celsius and platforms like it. Its CEO Alex Mashinsky said in October Celsius had $25 billion in assets, although that had fallen to around $11.8 billion as of last month, its website showed. Celsius appears to have stumbled on its wholesale crypto investments, according to public blockchain information and analysts who track such data. As those investments soured, the company was unable to meet redemptions from customers fleeing amid the broader crypto market slump, analysts said. “This is the closest we've seen to a bank run” in the cryptocurrency sector, said Noelle Acheson, head of market insights at Genesis, a digital currency prime brokerage. Mashinsky and a representative for Celsius did not respond to requests for comment. The company said on Sunday it was taking steps to meet redemptions but "there may be delays." Story continues Celsius' problems date back to at least December when, at the hands of hackers, it lost $54 million worth of bitcoin it had invested with DeFi platform BadgerDao, according to public blockchain data. At the time, Mashinsky said Celsius lost money, but did not disclose how much. Celsius had also invested in the Anchor protocol which offered up to 20% returns on deposits of TerraUSD. As TerraUSD fell, Celsius pulled more than $535 million in crypto assets from Anchor, according to public blockchain data. Mashinsky said in a May interview https://www.youtube.com/watch?v=eRlNlNlaFi8&t=42s that its exposure to TerraUSD was small relative to its assets but did not say if the company had lost money. The company's biggest misstep, though, appears to have been its decision to invest customers' ether tokens with Lido Finance, a DeFi platform offering investors the chance to profit from a new version of ether that is in development. The investments are known as "staked" ether, or stETH. Celsius promised customers between 6% and 8% returns on ether deposits. It had at least $450 million in stETH in its primary DeFi wallet, but likely has more stored elsewhere, according to Andrew Thurman, an analyst at analytics firm Nansen, which tracks blockchain data. While one stETH is supposed to be redeemable for one ether, stETH's price has dropped compared to ether in recent weeks as the crypto market fall prompted holders to dump their stETH. That discrepancy will have made it difficult for Celsius to convert its stETH back to ether to meet customer withdrawals, said analysts. “Everybody ... could see that they had positions that were significantly under risk,” said Thurman. The slump in bitcoin, which has shed about half its value this year, has also pressured Celsius. It pledged crypto assets pegged to bitcoin as collateral against a loan of other cryptocurrencies, according to Thurman. As bitcoin fell, Celsius had to top up that collateral, said Thurman. In 2019, Mashinsky told the Financial Times that Celsius had crypto loans collateralized with bitcoin. "The whole thing is just mispriced risk," Cory Klippsten, CEO of crypto investment platform Swan Bitcoin, said of Celsius' business model. CONTAGION WORRIES Celsius has hired restructuring lawyers, the Wall Street Journal reported Tuesday. Its problems have sparked fears that other crypto lending platforms may be at risk of investor runs. On Tuesday, the chair of the U.S. Securities and Exchange Commission said such platforms operate a bit like banks and that promised high returns might be "too good to be true." Celsius' peers have been quick to distance themselves from stETH. On Monday, New Jersey-based BlockFi tweeted it does not hold any stETH principally or as collateral. Voyager Digital, also New Jersey-based, tweeted it has never engaged in DeFi lending activities and has no exposure to stETH. But according to Thurman, several other crypto lending platforms, such as Aave, invest in stETH and pledge it as collateral. If it continues to drop relative to ether, there is a "risk of pretty significant liquidations." Aave did not respond to requests for comment. (Reporting by Hannah Lang in Washington, Elizabeth Howcroft in London and Carolina Mandl in New York Additional reporting by Tom Wilson in London; Editing by Michelle Price and Mark Potter)... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['The post Jury Orders Alex Jones to Pay Sandy Hook Parents $49.3 Million in Damages [Updated] appeared first on Consequence . A Texas jury has ordered conspiracy theorist and Infowars owner Alex Jones to pay the parents of a Sandy Hook shooting victim $4.1 million in compensatory damages and $45.2 million in punitive damages Jones has spent almost a decade arguing that the 2012 shooting at Sandy Hook Elementary School \x97 which left 28 people, including 20 children, dead \x97 was a hoax, and that the parents of the victims were \x93crisis actors\x94 upholding the lie. One set of parents, Scarlett Lewis and Neil Heslin, sued Jones and his company, Free Speech Systems, in 2018 for defamation. In a verdict signed by 10 members of the 12-member jury, the group ordered Jones to pay a total of $49.3 million in damages to Lewis and Heslin. \x93It seems so incredible to me that we have to do this,\x94 Lewis said at the trial, speaking directly to Jones. \x93That we have to implore you \x97 not just implore you, punish you \x97 to get you to stop lying \x85 It is surreal what is going on in here.\x94 Lewis said she felt hitting Jones with monetary damages was necessary because she believed it would be the only thing to get him to change his behavior. In the lead up to the jury\x92s decision, Jones claimed that any judgement for more than $2 million would leave him in financial ruin. His company, Free Speech Systems, also filed for bankruptcy in an effort to limit his financial liability. However, just a day before the jury settled on a number for compensatory damages, it was revealed that Jones\x92 lawyers accidentally emailed the full contents of his phone to the attorneys representing Lewis and Heslin, providing dozens of emails and texts that contradicted Jones\x92 claims about Infowars\x92 profitability. Specifically, the emails revealed that at its peak Infowars had generated as much as $5 million in revenue per week. Plus, Jones\x92 supporters recently rallied around the embattled host by donating upwards of $8 billion in Bitcoin. Story continues Throughout the case, Jones also repeatedly asserted that he had no text messages about Sandy Hook to turn over during the discovery process. The phone did in fact contain messages related to Sandy Hook, suggesting that Jones had committed perjury. To make Jones\x92 legal troubles even worse, Mark Bankston, the lawyer who represents Lewis and Heslin, said Jones\x92 phone contained texts with Trump associate Roger Stone, and that he had heard from \x93various federal agencies and law enforcement\x94 about the material. One such agency was the US House committee investigating the January 6th insurrection. The committee first subpoenaed Jones in November, demanding documents related to the conservative figure\x92s efforts to spread misinformation about the 2020 election. In the subpoena letter, Rep. Bennie Thompson said Jones helped organize the January 6th rally at the Ellipse that preceded the insurrection, encouraged his listeners to attend the rally, and urged them to march from the park to the Capitol, where Trump was said to speak. Bankston said he planned to turn over the data from Jones\x92 phone to the committee. Lewis and Heslin are just one set of Sandy Hook parents with ongoing lawsuits against Jones. Two more trials are expected to begin in Texas in the coming months, while a group of families in Connecticut\xa0 won a default judgment against the radio host after he failed to comply with the discovery process. Update: This article has been updated to include the jury\x92s decision on punitive\xa0damages. Jury Orders Alex Jones to Pay Sandy Hook Parents $49.3 Million in Damages [Updated] Carys Anderson Popular Posts Guy Fieri Can\'t Stop Going to Rage Against the Machine Concerts Paranoid Ezra Miller Wears Body Armor, Gun Everywhere as Alleged Victims Compare Him to Cult Leader: Report Demi Lovato Blasts Ex Wilmer Valderrama in New Song "29": "What the Fuck\'s Consent?" Roger Waters Calls Biden a "War Criminal," Defends Russia and China in CNN Interview Jennifer Coolidge Says She Slept with "200 People" After Playing MILF in American Pie John Hughes Movie Soundtracks Collected in New Box Set Life Moves Pretty Fast Subscribe to Consequence\x92s email digest and get the latest breaking news in music, film, and television, tour updates, access to exclusive giveaways, and more straight to your inbox.', 'The post Jury Orders Alex Jones to Pay Sandy Hook Parents $49.3 Million in Damages [Updated] appeared first on Consequence . A Texas jury has ordered conspiracy theorist and Infowars owner Alex Jones to pay the parents of a Sandy Hook shooting victim $4.1 million in compensatory damages and $45.2 million in punitive damages Jones has spent almost a decade arguing that the 2012 shooting at Sandy Hook Elementary School \x97 which left 28 people, including 20 children, dead \x97 was a hoax, and that the parents of the victims were \x93crisis actors\x94 upholding the lie. One set of parents, Scarlett Lewis and Neil Heslin, sued Jones and his company, Free Speech Systems, in 2018 for defamation. In a verdict signed by 10 members of the 12-member jury, the group ordered Jones to pay a total of $49.3 million in damages to Lewis and Heslin. \x93It seems so incredible to me that we have to do this,\x94 Lewis said at the trial, speaking directly to Jones. \x93That we have to implore you \x97 not just implore you, punish you \x97 to get you to stop lying \x85 It is surreal what is going on in here.\x94 Lewis said she felt hitting Jones with monetary damages was necessary because she believed it would be the only thing to get him to change his behavior. In the lead up to the jury\x92s decision, Jones claimed that any judgement for more than $2 million would leave him in financial ruin. His company, Free Speech Systems, also filed for bankruptcy in an effort to limit his financial liability. However, just a day before the jury settled on a number for compensatory damages, it was revealed that Jones\x92 lawyers accidentally emailed the full contents of his phone to the attorneys representing Lewis and Heslin, providing dozens of emails and texts that contradicted Jones\x92 claims about Infowars\x92 profitability. Specifically, the emails revealed that at its peak Infowars had generated as much as $5 million in revenue per week. Plus, Jones\x92 supporters recently rallied around the embattled host by donating upwards of $8 billion in Bitcoin. Story continues Throughout the case, Jones also repeatedly asserted that he had no text messages about Sandy Hook to turn over during the discovery process. The phone did in fact contain messages related to Sandy Hook, suggesting that Jones had committed perjury. To make Jones\x92 legal troubles even worse, Mark Bankston, the lawyer who represents Lewis and Heslin, said Jones\x92 phone contained texts with Trump associate Roger Stone, and that he had heard from \x93various federal agencies and law enforcement\x94 about the material. One such agency was the US House committee investigating the January 6th insurrection. The committee first subpoenaed Jones in November, demanding documents related to the conservative figure\x92s efforts to spread misinformation about the 2020 election. In the subpoena letter, Rep. Bennie Thompson said Jones helped organize the January 6th rally at the Ellipse that preceded the insurrection, encouraged his listeners to attend the rally, and urged them to march from the park to the Capitol, where Trump was said to speak. Bankston said he planned to turn over the data from Jones\x92 phone to the committee. Lewis and Heslin are just one set of Sandy Hook parents with ongoing lawsuits against Jones. Two more trials are expected to begin in Texas in the coming months, while a group of families in Connecticut\xa0 won a default judgment against the radio host after he failed to comply with the discovery process. Update: This article has been updated to include the jury\x92s decision on punitive\xa0damages. Jury Orders Alex Jones to Pay Sandy Hook Parents $49.3 Million in Damages [Updated] Carys Anderson Popular Posts Guy Fieri Can\'t Stop Going to Rage Against the Machine Concerts Paranoid Ezra Miller Wears Body Armor, Gun Everywhere as Alleged Victims Compare Him to Cult Leader: Report Demi Lovato Blasts Ex Wilmer Valderrama in New Song "29": "What the Fuck\'s Consent?" Roger Waters Calls Biden a "War Criminal," Defends Russia and China in CNN Interview Jennifer Coolidge Says She Slept with "200 People" After Playing MILF in American Pie John Hughes Movie Soundtracks Collected in New Box Set Life Moves Pretty Fast Subscribe to Consequence\x92s email digest and get the latest breaking news in music, film, and television, tour updates, access to exclusive giveaways, and more straight to your inbox.', 'It seemed like the perfect recipe for a major blowback. Kraken CEO Jesse Powell ruffled feathers in June after a New York Times article detailed a “corporate culture war” raging at the cryptocurrency exchange and his subsequent doubling down, in which he criticized the “woke activist movement” and told unhappy employees to quit. But then something interesting happened. Most people inside Kraken and many in the broader crypto sphere sided with Powell. Job applications flooded the company. Now, six weeks later, less than 1% of Kraken’s employees have taken the severance package offered to anyone who didn’t want to get with the program. There are at least two ways to interpret this outcome. One is that it revealed the true preferences of a majority of workers at the exchange, and perhaps those of people in the broader crypto industry. Kraken, from this perspective, represented a rare refuge from what Powell later described as “this contingent of people who basically [think] if you don’t agree with them you’re evil, you’re a Nazi, and you must be destroyed at all costs.” At least one workplace remained where coders could just Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-08-06 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $442,964,646,758 - Hash Rate: 225491829.07577893 - Transaction Count: 237677.0 - Unique Addresses: 610889.0 Social & AI Sentiment: - Fear & Greed Index: 0.31 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: HiRes_RS_EF_003 - Credit: Evelyn Freja for Rolling Stone The break-in happened around 4 a.m., on a leafy street in the otherwise sleepy and sleeping village of Irvington, New York. Four men wearing ski masks and gloves, armed with knives, rope, brass knuckles, and a fake 9 mm, crept around the back of the large suburban home, their ghostly forms captured by its security-camera footage. As would later be alleged in court proceedings, the rope was intended to tie up the family. The knife was to torture them until the oldest son told them what they wanted to know. The gun was for show: A fake gun can evoke the same amount of fear as a real one but leads to lesser charges. These men knew what they were doing. And they apparently knew exactly what they wanted to find. A bedroom community 20 miles up the Hudson River from New York City, Irvington’s whole point is to be a place of calm, not calamity, a place where white-collar families can disperse themselves sparsely in well-appointed homes with river vistas and two-car garages. There are good public schools. There is a historic Main Street that runs up from the water, a parade of American flags suspended from buildings that look as though they were plucked from a Christmas village. The town is named for former resident Washington Irving, whose Rip Van Winkle is cast in bronze, forever waking from his long slumber in the yard beside Town Hall, oblivious to the soccer moms in Lululemon and the teenagers in Ivy League sweatshirts who saunter by throughout the day. Beyond Main Street, tended lawns extend up into the hills, deliberately at a peaceful remove from the crime and grime of urban life. More from Rolling Stone Jay-Z, Jack Dorsey Launch 'Bitcoin Academy' Program in Marcy Projects Why Did An Anonymous Donor Give Alex Jones $1 Million in Bitcoin? Did Melania Trump Place the Winning Bid in Her Own NFT Auction? And yet, Ellis Pinsky had feared that something dangerous and violent was headed toward Irvington. He’d feared it for weeks now. He’d sat in his 12th-grade math class and pondered the various means by which calamity might befall him, how it would arrive, what form it would take, what he might do to defend himself. His answer to that last concern was a shotgun, which he had stored in a drawer by his bed, near the chess trophies he’d won when he was younger, when the games he played stuck to their borders. At Blueline Shooting Sports a couple of towns over, his slender, studious form had drawn looks from the rougher types who spent their afternoons aiming assault weapons at targets next to a store full of tactical supplies. He ignored the stares, drawn the shotgun up to his smooth, handsome face under its shock of black hair, trained his brown eyes on a point in the distance, and pulled the trigger. Story continues He’d been right to prepare. On May 23, 2020, a broken window set off the alarm that woke Pinsky’s family. An unknown man dropped down into their unfinished basement, his own gaze trained in the direction of a safe that had been installed by a previous owner. In the floors above, Pinsky loaded the shotgun and met his mother in the hallway outside his bedroom. She directed him to the adjacent room where his three younger brothers were gathered, terrified and tearful. Pinsky hustled them behind something — a chair, a mattress; he can’t remember now — closed the door and backed away from it, the shotgun raised to his shoulder, his finger on the trigger, his eyes on the doorknob. Then he waited. From somewhere downstairs, there was yelling. One of his brothers whimpered. The gun metal grew warm in Pinsky’s hands. He knew — or, at least, was pretty sure he knew — why the men were there, breaking into his family home at 4 a.m. Two years earlier, on Jan. 7, 2018, when he was 15 years old, Pinsky had pulled off a heist of $23.8 million, one of the largest cryptocurrency hacks of its kind ever executed. Two weeks before the break-in, a lawsuit had been filed against him, and news stories had circulated connecting him to the hack. He knew that the thieves wanted this money, the millions and millions of dollars he had stolen. He also knew that he couldn’t give it to them. He didn’t have it. Not anymore. The only thing in the basement safe at that particular moment was a pair of his mother’s Uggs. In the two years since Pinsky’s case became public , he has remained an enigma. He did not speak to the media, who portrayed him as a mini mastermind, a suburban teenage sociopath. When I finally meet up with him on a chilly day this spring, he is no longer a kid. He is an anxious young man in Invisalign braces. “I just feel it’s important for my side of the story to be heard,” he says after hugging me in greeting. “There should always be two sides.” Over the course of the next few months, we meet periodically at a series of coffee shops and cafes not far from his university dorm. Often, we forgo the establishments’ bustling interiors and sit bundled up outside, in the privacy of empty tables and preoccupied passersby. Pinsky doesn’t want me to know exactly where he lives and is clearly nervous about the repercussions of speaking to the press. His voice and affect are mellow, but there is a spring-loaded nature to his physicality, a nervous energy that hums below the suave surface. When he concentrates on how to answer a question I’ve asked, he blinks quickly. He takes long pauses. He favors black corduroy pants and a black sweater, and mentions several tattoos he is considering getting. He is affable, though sometimes I can sense him emotionally retreating. He shows up with notes of what he wants to say typed out on his phone. His approach is methodical. He wants to start at the beginning. “Everything’s important,” he says of the details of his story. As he explains it, moving to the suburbs in fifth grade had seemed like a win to 11-year-old Pinsky. Gone was the cramped apartment on Manhattan’s Upper East Side, where his younger brothers slept in cribs in the living room and his overworked mother left him in the care of her aging parents, emigrés from the former Soviet Union, who carted him to meetings with a punishing chess coach and plied him with food that made him pudgy. In Irvington, his mother called him to breakfast from an entirely different floor of the house, as if he were some kid in a sitcom. In Irvington, he found himself possessed of the digs any tween would dream of: his own room painted blue, his own TV, and his own Xbox One, to which he applied his obsessive personality to the mastery of both Call of Duty: Ghosts and to the social posturing of the online lobbies of Xbox Live. He learned the art of trash-talking. And, as with anything he set his mind to, he learned it well. Still, it all seemed like a game because that’s all it was. Then one day, in the midst of spouting verbal abuse into a flimsy headset, a simple question in one of his trash-talking chats stopped him in his tracks: “How’s the weather in Irvington?” The weather in Irvington was fine. What wasn’t fine is that someone, somewhere — a person who up until that moment had been merely an avatar, a disembodied voice floating on electrical currents — well, that person knew where he lived. And was breezily threatening him with that information. He immediately logged off. But he almost as immediately realized that this was the next level of the game. This was leveling up. Asking around to other gamers, he soon learned that a free program called Wireshark could be installed that “sniffed out” incoming network connections and identified their internet protocol addresses. A quick Google search of an IP address would tell you approximately where it was coming from. It seemed a revelation to Pinsky. “That’s when it really clicked at the age of 12 or 13: ‘Wow, I’m this little kid, but I can really wield this power,’” he says. The internet held such secrets. All he had to do was uncover them. As he soon found, there were plenty of people working to uncover them all the time, and willing to share their methods — for a price. The most highly regarded of them, at least among the more sketchy gamers with whom Pinsky started associating, went by the username Ferno. Pinsky DM’d him on Twitter, saying he wanted to learn his skills. Ferno responded, if tersely, as Pinsky recalls. He would tolerate Pinsky, teach him, mentor him on how to uncover the powerful secrets the internet held, if Pinsky would then use the methods he’d learned to track down information for Ferno. He didn’t explain to Pinsky what he was doing with these addresses, these Social Security numbers, these other details — nor did Pinsky ask. It didn’t matter. It was just part of the game, one with tokens and everything. “His avatar was a little gold coin,” Pinsky explains. “Which I came to be familiar with as bitcoin .” Pinsky had learned on his own how to do distributed denial of service, or DDoS, attacks, flooding servers with such a volume of requests that it overwhelmed the system and shut them down. In their rudimentary forms, DDoS attacks can be a kind of mischief helpful to a gamer who might want to boot another player from the game. But Ferno also introduced him to ISP doxxing, a method that involved calling up an internet service provider, pretending to be a member of the tech-support team, and using someone’s IP address to try to get a real employee to share the confidential information attached to it — a form of interpersonal “hacking” known as social engineering. “It’s basically manipulating someone to give you information or do a certain thing,” Pinsky says. “At the age of 13, this was really my first experience with that.” Even as he was helping Ferno track down other people’s identities, Pinsky, who went by the username Pie, knew little of Ferno’s. Pinsky guessed the more senior hacker to be about 18. He says he suspected that Ferno had ties to Lizard Squad, a group of hackers who had gained notoriety by using DDoS to take down... - Reddit Posts (Sample): [['u/toungepuncher6000', 'Truly a bearer asset', 180, '2022-08-06 02:59', 'https://www.reddit.com/r/Bitcoin/comments/whbflm/truly_a_bearer_asset/', 'I currently serve in the Armed Forces. My boss started his tour here in California in 2014. While you are stationed within the United States, you do not owe the state you currently reside in any state income taxes, only the state from which you joined. Today he traveled to get lunch and upon swiping his card, it was declined. He opened his account and every single one of his accounts, (Checking, savings, and children\'s) all read "$0.00". He called his bank asking if they were having a glitch or a system error. But low and behold they said that the state of California has a Court Order for failure to pay state income taxes since 2014. He calls the IRS here in California, tells them he is Active Duty in the Armed Forces. They apologize for the mis-understanding, but say that they need his government orders from 2014 to prove he had to go to California for his tour. No one in the military holds onto 8 year old government order papers. Yet alone 1 year old. They try and re-assure my boss that once he can find a copy of these records and fax it to them they will take 14 days to correct this issue and send his money back to his accounts. He 5 kids and a wife, $0 to his name for the next 14 days. I explained to him just how bitcoin cold storage works, and the ability it has to never let something like this happen again to him and his family for any circumstance. He will be buying a cold storage wallet for some of his savings, and I taught him how to properly store your private keys. The IRS can take all the money in your bank without you even knowing, screw up , then take 2 weeks to reimburse your money. Time to be your own damn bank.', 'https://www.reddit.com/r/Bitcoin/comments/whbflm/truly_a_bearer_asset/', 'whbflm', [['u/Mr_P_Nissaurus', 59, '2022-08-06 03:11', 'https://www.reddit.com/r/Bitcoin/comments/whbflm/truly_a_bearer_asset/ij4ppex/', "In the meanwhile, your boss needs to call the offices of his senators and representatives. They'll have eager-to-help staff. Best wishes to him.", 'whbflm'], ['u/Ok_Aerie3546', 68, '2022-08-06 03:30', 'https://www.reddit.com/r/Bitcoin/comments/whbflm/truly_a_bearer_asset/ij4s2q3/', 'All your dollars are property of the state, that they let you use till they like it.', 'whbflm'], ['u/llewsor', 14, '2022-08-06 03:42', 'https://www.reddit.com/r/Bitcoin/comments/whbflm/truly_a_bearer_asset/ij4tkai/', 'fucking bullshit. that really sucks but at least they will fix the issue, good on you for orange pilling him.', 'whbflm'], ['u/Bsmirlptrww', 26, '2022-08-06 04:05', 'https://www.reddit.com/r/Bitcoin/comments/whbflm/truly_a_bearer_asset/ij4wbwu/', 'This is correct. The dollar is an invention of the state. The state can change monetary policy. It does constantly. \n\nThey have full control over it.', 'whbflm'], ['u/Ok_Aerie3546', 11, '2022-08-06 04:08', 'https://www.reddit.com/r/Bitcoin/comments/whbflm/truly_a_bearer_asset/ij4wqhh/', 'Forget monetary policy. They can literally take it away from you when they want to.', 'whbflm'], ['u/PlayActingAnarchist', 15, '2022-08-06 04:50', 'https://www.reddit.com/r/Bitcoin/comments/whbflm/truly_a_bearer_asset/ij51r5y/', "It is wild that they would seize his assets before even sending a letter or making a phone call. Where I live, you'd have to actively dodge the tax man for several years before you'd be at risk of them freezing your accounts. Unless you spent the better part of a decade in a coma, there's no way it'd take you by surprise.", 'whbflm'], ['u/Boe_Ning', 10, '2022-08-06 05:59', 'https://www.reddit.com/r/Bitcoin/comments/whbflm/truly_a_bearer_asset/ij59lxb/', 'This type of bullshit, civil forfeiture, and the like, are some of the reasons I made the decision to take back my financial sovereignty. Good job sharing the information with your boss.', 'whbflm'], ['u/BuyRackTurk', 11, '2022-08-06 06:26', 'https://www.reddit.com/r/Bitcoin/comments/whbflm/truly_a_bearer_asset/ij5cedq/', '> It is wild that they would seize his assets before even sending a letter\n\nMost states are like that.\n\nThe scary part is not that the government is willing to do that, the scary part is that they are able to.\n\nMoney in a bank does not belong to you, it belongs to the government first. And they can take it from you on the smallest whim of even a low level bureaucrat. \n\nBanks and fiat are just not safe enough for even modest amounts of money.', 'whbflm'], ['u/Taranpula', 21, '2022-08-06 07:24', 'https://www.reddit.com/r/Bitcoin/comments/whbflm/truly_a_bearer_asset/ij5i1rk/', 'Hah, I made a similar post a couple of days ago about a frind of mine who lost €10.000 because the tax authority froze his accounts by mistake. I was told I live in a third world country and this could never happen in the US lol.', 'whbflm'], ['u/crs1904', 10, '2022-08-06 08:31', 'https://www.reddit.com/r/Bitcoin/comments/whbflm/truly_a_bearer_asset/ij5nqmw/', 'The IRS cannot accomplish anything in 14 days. Definitely tell him to get his state representatives office involved, as others have mentioned.', 'whbflm']]], ['u/52134682', 'Bought $100 dollars worth of Bitcoin yesterday and plan to buy more.', 91, '2022-08-06 03:25', 'https://www.reddit.com/r/Bitcoin/comments/whbymj/bought_100_dollars_worth_of_bitcoin_yesterday_and/', "Because I believe that If I keep DCA into Bitcoin, and it reaches the moon, then it's worth it. \n\nGoing to hold it and never sell till I'm on the moon. No matter how many months or years it takes", 'https://www.reddit.com/r/Bitcoin/comments/whbymj/bought_100_dollars_worth_of_bitcoin_yesterday_and/', 'whbymj', [['u/zada-dog', 19, '2022-08-06 03:27', 'https://www.reddit.com/r/Bitcoin/comments/whbymj/bought_100_dollars_worth_of_bitcoin_yesterday_and/ij4rpsy/', 'Stack those sats!', 'whbymj'], ['u/llewsor', 16, '2022-08-06 03:41', 'https://www.reddit.com/r/Bitcoin/comments/whbymj/bought_100_dollars_worth_of_bitcoin_yesterday_and/ij4tcsc/', 'you get it man. keep stack’n.', 'whbymj'], ['u/drewshaver', 11, '2022-08-06 03:46', 'https://www.reddit.com/r/Bitcoin/comments/whbymj/bought_100_dollars_worth_of_bitcoin_yesterday_and/ij4u25t/', 'DCA is the way', 'whbymj'], ['u/DarkMonkey98', 13, '2022-08-06 04:25', 'https://www.reddit.com/r/Bitcoin/comments/whbymj/bought_100_dollars_worth_of_bitcoin_yesterday_and/ij4yq3i/', 'who cares about the moon, bitcoin will make the future fair for everyone. no need for riches, the betterment of humanity is worth it alone. no more cheating', 'whbymj'], ['u/itsnotthatdeepbrah', 63, '2022-08-06 04:51', 'https://www.reddit.com/r/Bitcoin/comments/whbymj/bought_100_dollars_worth_of_bitcoin_yesterday_and/ij51tum/', 'At first newcomers, like yourself, are only concerned about bitcoin mooning and selling it for fiat. Once you take some time to truly learn about bitcoin, you’ll begin to learn about what money even is, the history of central banking, fractional reserve banking, the gold standard, inflation, bank bail outs and bail ins etc etc the list goes on. Only then will you truly understand the importance of self sovereignty and controlling your own bearer assets and once this happens, you’ll probably never want to sell your sats ever.', 'whbymj']]], ['u/AutoModerator', '[Daily Discussion] - Saturday, August 06, 2022', 44, '2022-08-06 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/whewor/daily_discussion_saturday_august_06_2022/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/whewor/daily_discussion_saturday_august_06_2022/', 'whewor', [['u/Maximus-Augustus', 12, '2022-08-06 06:57', 'https://www.reddit.com/r/BitcoinMarkets/comments/whewor/daily_discussion_saturday_august_06_2022/ij5fhla/', 'Fuck my ass when is this fucking thing going to moon?!', 'whewor'], ['u/cryptowarsyt', 14, '2022-08-06 07:39', 'https://www.reddit.com/r/BitcoinMarkets/comments/whewor/daily_discussion_saturday_august_06_2022/ij5je8t/', "no b/c that's how monkey pox spreads you degenerate.", 'whewor'], ['u/Euphoricsoul', 11, '2022-08-06 08:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/whewor/daily_discussion_saturday_august_06_2022/ij5l5f5/', "When you've finally sodl.", 'whewor'], ['u/drrgrr123', 25, '2022-08-06 08:10', 'https://www.reddit.com/r/BitcoinMarkets/comments/whewor/daily_discussion_saturday_august_06_2022/ij5lzqb/', "Day 1298 of buying small amounts of Bitcoin whenever I can. Averaging around $25 at a time. Invested about $4000 in total and cashed out $20000 once.\n\nLet's just keep going. Nothing has changed.", 'whewor'], ['u/Antranik', 18, '2022-08-06 09:12', 'https://www.reddit.com/r/BitcoinMarkets/comments/whewor/daily_discussion_saturday_august_06_2022/ij5qxsm/', 'The consolidation on BTC is fierce right now. Literally looks like it’s gonna blast off any minute. Every daily level above is tested already, so if it goes it’s gonna go hard. The 4hr has regained uptrend too btw.', 'whewor'], ['u/outofworkslob', 15, '2022-08-06 09:48', 'https://www.reddit.com/r/BitcoinMarkets/comments/whewor/daily_discussion_saturday_august_06_2022/ij5tkmm/', 'When was the last time it blasted off at a weekend?', 'whewor'], ['u/-abroadabroad-', 16, '2022-08-06 09:52', 'https://www.reddit.com/r/BitcoinMarkets/comments/whewor/daily_discussion_saturday_augus... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, I’ll take a look at the hottest fintech news of the previous week. This will include everything from funding rounds to trends to an analysis of a particular space to hot takes on a particular company or phenomenon. There’s a lot of fintech news out there and it’s my job to stay on top of it — and make sense of it — so you can stay in the know. — Mary Ann Last week, Paystand — a blockchain-enabled B2B payments startup — announced it had acquired Mexican fintech Yaydoo — creating a new unicorn in the resulting new entity. Execs from the two startups say the combined company will have processed over $5 billion in payments and built a network of over 500,000 connected businesses by creating B2B DeFi payment networks in both the U.S. and Mexico. In announcing the deal, they said: “DeFi-enabled B2B payment networks that are on chain can unlock transformative working capital efficiencies, and make financial services more fair and open, especially in developing markets like LATAM.” Paystand CEO Jeremy Almond told me over email that combined revenues have been growing at over 100% year over year since inception. In particular, he said Paystand has experienced over 700% revenue growth in the last three years. The company has raised over $86 million over its lifetime and counts NewView Capital and SoftBank’s SB Opportunity Fund among its backers. Meanwhile, Yaydoo has raised over $20 million from investors such as Base10 Partners, monashees, SB Opportunity Fund and Leap Global Partners. With nearly 400 employees, the combined company will “have a very unique ability to transform entire B2B Payments ecosystems in each country we operate because of our combined scale and access to resources,” wrote Yaydoo CEO Sergio Almaguer in an email. Story continues “Today the U.S. has a legacy, centralized financial infrastructure that needs to be disrupted and re-imagined by fintechs with blockchain technology. However, in emerging markets like LATAM, the basic financial infrastructure for B2B payments is either missing or not accessible by businesses of all sizes,” added Almond, noting that the payments tech ecosystem in LATAM is generally 10–15 years behind that in the U.S. Fintechs like Paystand + Yaydoo have a huge opportunity to build next-gen payments tech infrastructure from the ground up.” Notably, word on the street is that Payday is now eyeing an IPO . We haven’t been hearing about too many M&As as of late, so this deal caught our eye. It also is a good lead-in to talk about some recent M&A data we got our hands on. Unsurprisingly, dealmaking in financial services declined in the second quarter due to macroeconomic headwinds, according to a recent KPMG US report . Aggregate deal volume fell 30.9%, to 1,442 from 2,087 in the first quarter, and deal value dropped 14.8%, to $163 billion from $191 billion. Bob Ruark, principal and banking and fintech strategy leader for KPMG US, noted that pricing is difficult now given the rapid decline in valuations. As he pointed out, pricing in some fintech categories dropped almost 60% according to Pitchbook, and digital and crypto companies are down over 65%. “We are starting to see some of the public market valuations impact private market valuations. We have seen several high-profile companies raising new money at much lower valuations, which shows this is starting to happen,” Ruark said. “Klarna recently raised $800 million at a $6.7 billion valuation, which is 85% below its June 2021 raise…As prices and valuations stabilize, we will see deals ramp back up.” On the bright side, the fact that VCs are more discriminating about where they put their dollars could actually lead to more M&A activity, according to Ruark. “There is plenty of money available, but investors are looking for stronger performance, profitable performance. That is one reason why a number of VC firms have told their portfolio companies to focus on performance and cut costs,” he told TechCrunch. “Given a large number of startups will not generate a profit near and are cash-flow negative in the near term, they will have to raise more capital in a difficult environment. As a result, they may have to sell.” What about the acquisitions that are still taking place? Most of those are product buys to drive or accelerate revenue growth with the secondary benefit of getting new talent, Ruark said. And, after crypto, payments companies — as illustrated in the example above — are among the most attractive targets. Looking ahead, KPMG\'s view on the prospects for financial services M&A over the next six to 12 months is mixed. The firm said: "On one hand, the fundamental trends that have been driving activity remain in place. On the other, market sentiment is largely pessimistic and the outlook for interest rates and inflation is challenging." Image Credits: Paystand/Yaydoo Weekly News Counting 300 U.S.-based companies as customers already, Alloy announced it has now expanded its platform to 40 countries across North America, EMEA, LatAm, and APAC. The startup says it will also continue to grow its local presence and team in EMEA. The goal behind the expansion, a spokesperson told TechCrunch, is to help financial services companies “manage changing global regulatory requirements for their customers, no matter where they are located.” QED Investors said it has expanded its mental health initiative aimed at tackling addiction among entrepreneurs to its Spanish-language portfolio companies. Last year, TechCrunch published an op-ed from Nigel Morris around mental health stigma in the tech community when the initial program was announced. The firm says the program is focused on eliminating the stigma around talking about substance misuse in the workplace by offering an online program that “delivers critical concepts and facts regarding addiction in just 5 minutes per lesson.” This will now be offered to 22 fintech companies across Mexico, Argentina, Chile, Colombia and Peru. Just one week after closing on its acquisition of Metromile (and laying off about 20% of the latter company’s staff), Lemonade announced on August 4 that it has sold Metromile’s enterprise business solutions unit, a SaaS-based claims automation and fraud detection product, to EIS. Well, that was fast! According to my colleague Zack, " hackers had access to dashboards used to remotely manage and control thousands of credit card payment terminals manufactured by digital payments giant Wiseasy , a cybersecurity startup told TechCrunch. Wiseasy is a brand you might not have heard of, but it’s a popular Android-based payment terminal maker used in restaurants, hotels, retail outlets and schools across the Asia-Pacific region. Through its Wisecloud cloud service, Wiseeasy can remotely manage, configure and update customer terminals over the internet." Attentive , which describes itself as a “conversational commerce platform,” has launched its “text-to-buy” solution with Shop Pay, "enabling consumers to make purchases directly from an SMS conversation with a brand." Built with Shopify’s Shop Pay checkout flow, Attentive’s new offering is aimed at “turning browsers into buyers with a frictionless checkout flow built for mobile devices.” Retail investment behemoth Robinhood laid off 23% of its staff — just 3 months after letting go of 9% of its workforce. Besides the fact that the company has shed about 1,000 workers this year alone, we also were struck by the fact that CEO Vlad Tenev took responsibility for Robinhood’s overhiring in the frenzy that was 2021. Whether he was sincere or not (and many of you had wildly different views on that based on a little poll I posted on Twitter ), it was still not a typical CEO move and we took notice. You can listen to Alex, Natasha and I share our thoughts on it all on Friday\'s episode of Equity Podcast. Opendoor has agreed to pay $62 million to settle charges by the Federal Trade Commission, which says the company’s claims that it helps people make more money by selling their house to the company rather than listing it on the open market were deceptive. For years, the real estate technology company has touted itself as using its pricing technology to provide “more accurate offers and lower costs,” said the FTC. Such “iBuyers” use this method to make quick offers on homes, with enthusiastic claims that sellers would make thousands of dollars more than they would on the open market. But according to the FTC, that wasn’t true. While extension rounds are popular even beyond fintech today, there are often more startups hunting for the round type than there are checks. So, to better understand the market for fintech extension rounds today, we have a set of answers from a group of fintech venture investors we recently surveyed . Another day, another Q2 funding report. PitchBook reported that “on the heels of a breakthrough year for fintech investment, VC activity in the sector is simmering down.” Specifically, it said, in Q2 2022, " VC investment in fintech companies fell 17.8% from the previous quarter" to $24.1 billion, "the largest percentage drop since Q3 2018." Also in the report: “Exits have also stalled as IPO activity grinds to a halt, and analysts expect fintech startups will attract the attention of incumbents looking for M&A opportunities.” Guess we\'ll see about that. Nice scoop from former TCer Katie Roof: “ TripActions , a travel startup (that has expanded into general expense management), is close to filing confidentially for an initial public offering , according to people familiar with the matter, as people get back on planes and trains following the easing of the Covid-19 pandemic.” Manish reports that the "State Bank of Pakistan, the South Asian nation’s central bank, has ordered fintech Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-08-07 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $443,700,683,266 - Hash Rate: 222690688.3419183 - Transaction Count: 196161.0 - Unique Addresses: 522072.0 Social & AI Sentiment: - Fear & Greed Index: 0.30 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: (Bloomberg) -- Longtime Donald Trump adviser Steve Bannon asked a federal judge to exclude all evidence relating to the Jan. 6 storming of the US Capitol from his criminal contempt trial. Most Read from Bloomberg Putin May Win in Ukraine, But the Real War Is Just Starting Putin Gets Unexpected Pushback From Ally Over War in Ukraine Giant Cruise Ship’s Maiden Voyage May Be to a Scrapyard Housing’s Slowdown Has Economy on the Edge Bitcoin, Ether Bounce Off Lows After Record-Breaking Rout Bannon was indicted in November on two counts of contempt of Congress for refusing to comply with subpoenas from the House Jan. 6 committee seeking his testimony and production of documents. In a Friday filing, Bannon argued that the evidence should be excluded in part because it will prejudice a jury, in light of the media attention given to the committee hearings. In a separate filing, the government asked the judge to prevent Bannon from presenting arguments that would “politicize” the case, pointing to his past claims that he has been targeted for political reasons. For example, prosecutors said Bannon’s defense team should be prevented from questioning witnesses, including those on the select committee, about their politics. At every turn “the defendant has attempted to make this case and the issues in it about politics, not the law and the facts,” prosecutors wrote. Earlier this week, U.S. District Judge Carl J. Nichols denied Bannon’s request to dismiss the charges against him. The judge said he would decide later what evidence will be allowed at the trial that is scheduled to start July 18. (Updates with government’s request to exclude evidence in third paragraph) Most Read from Bloomberg Businessweek Ethereum Mining Is Going Away, and Miners Are Not Happy Hell Is a Cruise Ship at the Beginning of the Pandemic Sheryl Sandberg’s Wedding Expenses Are the Least of Facebook’s Sheryl Sandberg Problems Adults Who Love Toys? The Toy Industry Loves Them, Too ©2022 Bloomberg L.P.... - Reddit Posts (Sample): [['u/zzseayzz', 'Researchers say they discovered consensus level attack on Ethereum — miners cheating the system to earn more', 79, '2022-08-07 00:25', 'https://www.reddit.com/r/EtherMining/comments/whzz13/researchers_say_they_discovered_consensus_level/', ' \n\nhttps://preview.redd.it/putft1df56g91.jpg?width=800&format=pjpg&auto=webp&s=80e69f33add95a796d062030e95acfecd8fe692d\n\n&#x200B;\n\nA [research paper](https://www.researchgate.net/publication/362482526_Uncle_Maker_TimeStamping_Out_The_Competition_in_Ethereum) published by The Hebrew University in Israel reports having discovered the “first evidence of a consensus-level attack on a major cryptocurrency.” The paper is currently awaiting peer review but utilizes publicly available on-chain data and Ethereum’s open source codebase to affirm its conclusions.\n\nAt its core, the paper highlights an issue where miners can change the timestamp related to a mined block to avoid increased difficulty on the network. On-chain data appears to support the claim as Aviv Yaish, one of the paper’s authors, highlighted F2Pool’s block timestamps being artificially altered to improve rewards.\n\n## Uncle Maker\n\nEthereum is maintained through a proof-of-work consensus mechanism, which will be moved to proof-of-stake this September. However, to this point, the network appears to be susceptible to the attack identified in by The Hebrew University.\n\nThe consensus-level attack is referred to as an Uncle Maker attack within the paper in reference to the “uncle” blocks used in the exploit. Blocks within the Ethereum blockchain act as a set of records that are checked, distributed, and verified across the entire network. Uncle blocks are valid blocks that have been removed from the main chain but still receive rewards.\n\n&#x200B;\n\n>“The attack allows an attacker to replace competitors’ main-chain blocks after the fact with a block of its own, thus causing the replaced block’s miner to lose all transactions fees for the transactions contained within the block, which will be demoted from the main-chain.”\n\nMiners can set a block’s timestamp within “a certain reasonable bound,” typically within a few seconds. One mining pool that was singled out in the research was F2Pool, which “in the past two years, F2Pool didn’t have even a single block with a timestamp” that matched the expected outcome. F2Pool is one of the largest Ethereum pools operating with a hashrate of 129 TH/s and generating roughly 1.5K ETH in daily rewards.\n\nThe paper also highlighted that F2Pool’s “founder has made a relatively well publicized [condemnation](https://web.archive.org/web/20220214222028/https://news.8btc.com/f2pool-founder-condemns-block-withholding-attacks-performed-by-some-chinese-mining-pools-on-its-competitors) of competing mining pools, blaming them for attacking his own mining pool” while, in reality, “F2Pool are attacking other mining pools.”\n\nThe monetary impact of the attack has not yet been officially identified, but CryptoSlate reached out Yaish who told us,\n\n>“For each successful instance of the attack, F2Pool earned 14% more from block rewards, and in addition earned all the transaction fees contained within. \nWe are currently attempting to give concrete estimations for both of your questions using real-world data, which will be published immediately when we have them!”\n\nThe Hebrew University has “concrete fixes for Ethereum’s protocol” and created a patch for consideration. Yaish stated in a [blog post](https://medium.com/@aviv.yaish/uncle-maker-time-stamping-out-the-competition-in-ethereum-d27c1cb62fef) that the information was “responsibly disclosed to the Ethereum Foundation” before publication.\n\n&#x200B;\n\n [Researchers say they discovered consensus level attack on Ethereum — miners cheating the system to earn more (cryptoslate.com)](https://cryptoslate.com/researchers-say-they-discovered-consensus-level-attack-on-ethereum-miners-cheating-the-system-to-earn-more/)', 'https://www.reddit.com/r/EtherMining/comments/whzz13/researchers_say_they_discovered_consensus_level/', 'whzz13', [['u/Bjlly123', 17, '2022-08-07 03:44', 'https://www.reddit.com/r/EtherMining/comments/whzz13/researchers_say_they_discovered_consensus_level/ij9c5pn/', "First you need enough hashrate to consistently mine blocks, next you find a block but don't push this to the blockchain then you start mining on your new block this gives you a headstart, then you push the original block out and hopefully your headstart gives you enough time to rinse and repeat", 'whzz13'], ['u/coolfarmer', 10, '2022-08-07 07:46', 'https://www.reddit.com/r/EtherMining/comments/whzz13/researchers_say_they_discovered_consensus_level/ija25oh/', 'F2Pool bad, very bad. The switch to PoS is a good thing, good bye F2Pool.', 'whzz13'], ['u/kulind', 12, '2022-08-07 08:58', 'https://www.reddit.com/r/EtherMining/comments/whzz13/researchers_say_they_discovered_consensus_level/ija87by/', 'F2Pool the flag carrier of EIP1559 scum', 'whzz13'], ['u/Masaca', 15, '2022-08-07 10:51', 'https://www.reddit.com/r/EtherMining/comments/whzz13/researchers_say_they_discovered_consensus_level/ijaglpk/', "That's not the attack from the article at all.", 'whzz13'], ['u/Grokzen', 10, '2022-08-07 13:20', 'https://www.reddit.com/r/EtherMining/comments/whzz13/researchers_say_they_discovered_consensus_level/ijarhpf/', "Ain't this what was talked about some time ago called Time bandit attack? or is this a new approach to something else?", 'whzz13']]], ['u/Odlavso', 'What crypto ecosystem do you interact with the most?', 165, '2022-08-07 01:29', 'https://www.reddit.com/r/CryptoCurrency/comments/wi1avo/what_crypto_ecosystem_do_you_interact_with_the/', "Not asking which crypto you hold the most of, but which Crypto ecosystem do you interact with the most through DeFi, games, NFT's or as a form of payment.\n\nI'm thinking many here hold bitcoin but hardly ever use it for anything more than maybe sending to another wallet. The majority of us probably don't use it for purchases. \n\nThe same is probably true for Ethereum, the majority of users on [r/cc](https://www.reddit.com/r/cc/) probably hold some amount of eth but probably never actually make any transactions on the chain due to gas cost or simply cost of anything on it.\n\nI personally find myself using Algorand the most, probably because it's the one I'm the most familiar with and the low transaction fees which allow me to mint NFT's or actually use DeFi apps on small transactions.\n\nI'm trying to branch out to different Crypto ecosystems and am hoping to use the answers posted here to help me decided which chains would be worth looking into.\n\nTLDR: what crypto do you use the most?", 'https://www.reddit.com/r/CryptoCurrency/comments/wi1avo/what_crypto_ecosystem_do_you_interact_with_the/', 'wi1avo', [['u/Bucksaway03', 17, '2022-08-07 01:41', 'https://www.reddit.com/r/CryptoCurrency/comments/wi1avo/what_crypto_ecosystem_do_you_interact_with_the/ij8x1gy/', "Probably ALGO and that's only to vote in governance", 'wi1avo'], ['u/Lothans', 22, '2022-08-07 01:42', 'https://www.reddit.com/r/CryptoCurrency/comments/wi1avo/what_crypto_ecosystem_do_you_interact_with_the/ij8x3py/', 'Cosmos through OsmosisLab et JunoSwap, mainly', 'wi1avo'], ['u/offthevans', 50, '2022-08-07 01:43', 'https://www.reddit.com/r/CryptoCurrency/comments/wi1avo/what_crypto_ecosystem_do_you_interact_with_the/ij8x7pa/', 'Time to shill our bags.', 'wi1avo'], ['u/buyethto10k', 13, '2022-08-07 01:49', 'https://www.reddit.com/r/CryptoCurrency/comments/wi1avo/what_crypto_ecosystem_do_you_interact_with_the/ij8xx6v/', 'Ethereum, but multiple different L2 solutions', 'wi1avo'], ['u/SmallReflection2552', 18, '2022-08-07 02:12', 'https://www.reddit.com/r/CryptoCurrency/comments/wi1avo/what_crypto_ecosystem_do_you_interact_with_the/ij90ujv/', 'Definitely Eth', 'wi1avo'], ['u/Rboy1725', 87, '2022-08-07 02:29', 'https://www.reddit.com/r/CryptoCurrency/comments/wi1avo/what_crypto_ecosystem_do_you_interact_with_the/ij92ych/', "The cosmos and osmosis dex specifically. Hands down best UI. Hands down best all around projects. It's like nothing else there is.", 'wi1avo'], ['u/BeefaloSlim', 14, '2022-08-07 02:31', 'https://www.reddit.com/r/CryptoCurrency/comments/wi1avo/what_crypto_ecosystem_do_you_interact_with_the/ij9373j/', 'The Cosmos ecosystem is the one I interact with the most. Love the staking rewards (especially for Juno), the diversity of projects, using Osmosis to exchange to different tokens, and so many opportunities to vote in the process, that it makes me feel really involved. \n\n&#x200B;\n\nMy number 2 would have been ADA, but I had to sell my bag to cover some expenses. Still sad about it. \n\n&#x200B;\n\nAll the others are just hodl-ing without much interaction.', 'wi1avo'], ['u/pizza-chit', 45, '2022-08-07 02:35', 'https://www.reddit.com/r/CryptoCurrency/comments/wi1avo/what_crypto_ecosystem_do_you_interact_with_the/ij93ms0/', "I'm all over Cosmos. I love how easily the chains interact and the DEX's are super user friendly. I've also made a good chunk of cash from the airdrops I received from staking ATOM", 'wi1avo'], ['u/Lothans', 18, '2022-08-07 02:57', 'https://www.reddit.com/r/CryptoCurrency/comments/wi1avo/what_crypto_ecosystem_do_you_interact_with_the/ij96cgh/', 'Cosmos is really worth a look, Osmosis has the best UI a dex can have ;)', 'wi1avo'], ['u/FarFuckingOut', 15, '2022-08-07 02:57', 'https://www.reddit.com/r/CryptoCurrency/comments/wi1avo/what_crypto_ecosystem_do_you_interact_with_the/ij96ehz/', "Banano.\n\nIt's legit a crazy good coin. Instant, feeless and rich in potassium. And some tasty memes. I fold @ home (simulating protein folding for research as an alternative to simply mining) and use that in the community.", 'wi1avo'], ['u/Smiling_Jack_', 26, '2022-08-07 03:07', 'https://www.reddit.com/r/CryptoCurrency/comments/wi1avo/what_crypto_ecosystem_do_you_interact_w... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['By Lawrence Delevingne (Reuters) -Wall Street stocks were mostly flat on Monday, the dollar weakened and U.S. government bond yields fell as investors weighed mixed messages on inflation and how aggressive the Federal Reserve might be in combating it. The Dow Jones Industrial Average rose just 0.09% on the day, while the S&P 500 lost 0.12% and the Nasdaq Composite dropped 0.1% Of note was Nvidia Corp, whose stock declined around 6% after the chip designer warned on Monday that its second-quarter revenue would drop by 19% from the prior quarter on weakness in its gaming business. The broad Euro STOXX 600 finished up around 0.75% on Monday, led by cyclical and growth stocks, helping it recover losses from Friday. But the MSCI world equity index, which tracks shares in 47 countries, added just 0.15%. "With labor market strength, the threat of a recession seems remote, but concerns over how aggressive the Federal Reserve could be hovers over the market," Quincy Krosby, chief global strategist for LPL Financial, said in an email. Indeed, higher interest rates remained in focus for investors. Unexpectedly strong U.S. jobs data last week raised the stakes for the July U.S. consumer prices report due on Wednesday, which could see a further acceleration in inflation -- and more aggressive Federal Reserve interest rate hikes. Business investment appeared to be an early victim of rising prices and rates, according to new U.S. government data. At the same time, U.S. consumers\' expectations for where inflation will be in a year and three years dropped sharply in July, a New York Federal Reserve survey showed on Monday, a win for policy makers. On Monday, benchmark 10-year note yields fell to 2.751%, after getting as high as 2.869% on Friday, the highest since July 22. Two-year yields were last at 3.211%, after reaching 3.331% on Friday, the highest since June 16. \'OTHER SIDE OF THAT MOUNTAIN\' "The rise in inflation and the Fed\'s reaction to it has been a real headwind for valuations this year," Morgan Stanley strategists wrote in a note on Monday. "However, it\'s also been a tailwind for earnings. Now, we are on the other side of that mountain, and operating leverage is rolling over likely more than the consensus expects." Story continues Fed funds futures traders are now pricing for a 67.5% chance of another 75 basis point rate increase in September, and for the Fed funds rate to rise to 3.65% by March, from 2.33% now. "We see inflation staying above the Fed’s 2% target through next year," BlackRock Investment Institute strategists wrote in a note on Monday. "We think the Fed will keep responding to calls to tame inflation until it acknowledges how that would stall growth." In foreign exchange markets, the U.S. dollar dipped around 0.2% versus a basket of six major currencies to 106.4, giving up some gains after strengthening on the jobs boom and the jump in yields. Analysts remained bullish on the U.S. currency\'s prospects. "Data like this will further any thoughts about \'U.S. exceptionalism\' and is very positive for the USD against all currencies," said Alan Ruskin, global head of G10 FX strategy at Deutsche Bank, referring to the U.S. jobs statistics. The euro declined slightly to $1.019. Bitcoin and other cryptocurrencies, which tend to act as a barometer for risk appetite, gained. Bitcoin was last up 3.25% at $23,942. Gold broke higher on Monday as the dollar and Treasury yields retreated. Spot gold rose 0.8% to $1,788 per ounce, after dropping 1% in the previous session. U.S. gold futures were 0.76% higher at $1,786. Oil prices rebounded some on Monday but were still near their lowest levels in months in volatile trading as positive economic data from China and the United States spurred hopes for demand growth despite recession fears. U.S. crude recently rose 1.79% to $90.59 per barrel and Brent was at $96.40, up 1.59% on the day. (Reporting by Lawrence Delevingne in Boston, Tom Wilson in London and Wayne Cole in Sydney; Editing by Jane Merriman, Peter Graff and Lisa Shumaker)', 'By Lawrence Delevingne\n(Reuters) -Wall Street stocks were mostly flat on Monday, the dollar weakened and U.S. government bond yields fell as investors weighed mixed messages on inflation and how aggressive the Federal Reserve might be in combating it.\nThe Dow Jones Industrial Average rose just 0.09% on the day, while the S&P 500 lost 0.12% and the Nasdaq Composite dropped 0.1%\nOf note was Nvidia Corp, whose stock declined around 6% after the chip designer warned on Monday that its second-quarter revenue would drop by 19% from the prior quarter on weakness in its gaming business.\nThe broad Euro STOXX 600 finished up around 0.75% on Monday, led by cyclical and growth stocks, helping it recover losses from Friday. But the MSCI world equity index, which tracks shares in 47 countries, added just 0.15%.\n"With labor market strength, the threat of a recession seems remote, but concerns over how aggressive the Federal Reserve could be hovers over the market," Quincy Krosby, chief global strategist for LPL Financial, said in an email.\nIndeed, higher interest rates remained in focus for investors.\nUnexpectedly strong U.S. jobs data last week raised the stakes for the July U.S. consumer prices report due on Wednesday, which could see a further acceleration in inflation — and more aggressive Federal Reserve interest rate hikes.\nBusiness investment appeared to be an early victim of rising prices and rates, according to new U.S. government data.\nAt the same time, U.S. consumers\' expectations for where inflation will be in a year and three years dropped sharply in July, a New York Federal Reserve survey showed on Monday, a win for policy makers.\nOn Monday, benchmark 10-year note yields fell to 2.751%, after getting as high as 2.869% on Friday, the highest since July 22. Two-year yields were last at 3.211%, after reaching 3.331% on Friday, the highest since June 16.\n\'OTHER SIDE OF THAT MOUNTAIN\'\n"The rise in inflation and the Fed\'s reaction to it has been a real headwind for valuations this year," Morgan Stanley strategists wrote in a note on Monday. "However, it\'s also been a tailwind for earnings. Now, we are on the other side of that mountain, and operating leverage is rolling over likely more than the consensus expects."\nFed funds futures traders are now pricing for a 67.5% chance of another 75 basis point rate increase in September, and for the Fed funds rate to rise to 3.65% by March, from 2.33% now.\n"We see inflation staying above the Fed’s 2% target through next year," BlackRock Investment Institute strategists wrote in a note on Monday. "We think the Fed will keep responding to calls to tame inflation until it acknowledges how that would stall growth."\nIn foreign exchange markets, the U.S. dollar dipped around 0.2% versus a basket of six major currencies to 106.4, giving up some gains after strengthening on the jobs boom and the jump in yields.\nAnalysts remained bullish on the U.S. currency\'s prospects.\n"Data like this will further any thoughts about \'U.S. exceptionalism\' and is very positive for the USD against all currencies," said Alan Ruskin, global head of G10 FX strategy at Deutsche Bank, referring to the U.S. jobs statistics.\nThe euro declined slightly to $1.019.\nBitcoin and other cryptocurrencies, which tend to act as a barometer for risk appetite, gained. Bitcoin was last up 3.25% at $23,942.\nGold broke higher on Monday as the dollar and Treasury yields retreated. Spot gold rose 0.8% to $1,788 per ounce, after dropping 1% in the previous session. U.S. gold futures were 0.76% higher at $1,786.\nOil prices rebounded some on Monday but were still near their lowest levels in months in volatile trading as positive economic data from China and the United States spurred hopes for demand growth despite recession fears.\nU.S. crude recently rose 1.79% to $90.59 per barrel and Brent was at $96.40, up 1.59% on the day.\n(Reporting by Lawrence Delevingne in Boston, Tom Wilson in London and Wayne Cole in Sydney; Editing by Jane Merriman, Peter Graff and Lisa Shumaker)', 'By Lawrence Delevingne (Reuters) -Wall Street stocks were mostly flat on Monday, the dollar weakened and U.S. government bond yields fell as investors weighed mixed messages on inflation and how aggressive the Federal Reserve might be in combating it. The Dow Jones Industrial Average rose just 0.09% on the day, while the S&P 500 lost 0.12% and the Nasdaq Composite dropped 0.1% Of note was Nvidia Corp, whose stock declined around 6% after the chip designer warned on Monday that its second-quarter revenue would drop by 19% from the prior quarter on weakness in its gaming business. The broad Euro STOXX 600 finished up around 0.75% on Monday, led by cyclical and growth stocks, helping it recover losses from Friday. But the MSCI world equity index, which tracks shares in 47 countries, added just 0.15%. "With labor market strength, the threat of a recession seems remote, but concerns over how aggressive the Federal Reserve could be hovers over the market," Quincy Krosby, chief global strategist for LPL Financial, said in an email. Indeed, higher interest rates remained in focus for investors. Unexpectedly strong U.S. jobs data last week raised the stakes for the July U.S. consumer prices report due on Wednesday, which could see a further acceleration in inflation -- and more aggressive Federal Reserve interest rate hikes. Business investment appeared to be an early victim of rising prices and rates, according to new U.S. government data. At the same time, U.S. consumers\' expectations for where inflation will be in a year and three years dropped sharply in July, a New York Federal Reserve survey showed on Monday, a win for policy makers. On Monday, benchmark 10-year note yields fell to 2.751%, after getting as high as 2.869% on Friday, the highest since July 22. Two-year yields were last at 3.211%, after reaching 3.331% on Friday, the highest since June Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-08-08 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $461,076,261,750 - Hash Rate: 201682132.83796376 - Transaction Count: 256582.0 - Unique Addresses: 652517.0 Social & AI Sentiment: - Fear & Greed Index: 0.30 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Don't miss CoinDesk'sConsensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12. Good morning. Here’s what’s happening: Prices:Bitcoin gains ground, hovering just above $20K. Insights:China's blockchain revolution may not be so revolutionary. Catch the latest episodes ofCoinDesk TVfor insightful interviews with crypto industry leaders and analysis. Andsign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context. Bitcoin (BTC):$20,244 +5% Ether (ETH):$1,152 +7.3% [{"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+3.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "+3.5%", "DACS Sector": "Entertainment"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "+1.3%", "DACS Sector": "Smart Contract Platform"}] [{"Asset": "Terra", "Ticker": "LUNA", "Returns": "\u22123.3%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Stellar", "Ticker": "XLM", "Returns": "\u22120.9%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "XRP", "Ticker": "XRP", "Returns": "\u22120.3%", "DACS Sector": "Currency"}] Bitcoin Gains Ground but Lingers Under $20K On a day of fireworks and bombast in the U.S., crypto had a little to celebrate as well. Bitcoin crept back over the $20,000 threshold that has been a psychological observation point since the start of the summer for investors gauging the length of the current bear market. The largest cryptocurrency by market capitalization was recently trading at about $20,300, up 5% over the past 24 hours. Bitcoin plummeted below $19,000 at one point last week before regaining ground during a Friday rally. Ether rose even more in Monday trading along with several other major altcoins as investors seemed more receptive to risk. The second-largest cryptocurrency by market cap was changing hands at more than $1,150, a nearly 8% gain over the previous day. Among other major cryptos, SOL and SAND jumped more than 9% and 8%, respectively. Still, the crypto Fear & Greed Index remained wedged in extreme fear territory as the industry absorbed its latest body blows, and analysts remained downcast about prices for at least the near-term, short of convincing evidence that inflation is under control and the global economy will not fall into recession. Bitcoin and ether are off more than 5% and 6% from their highs early last week, and most other cryptos are also well in the red over the same period. "Bitcoin has been under even pressure for almost all last week," FxPro Senior Market Analyst Alex Kuptsikevich wrote in an email. "A brief bounce at the beginning of the day on July 1 was more likely due to emotional excitement from the start of a new period (month, quarter, half-year) rather than fundamental changes in the situation." Ether price weakness ETH’s price weakness continues as The Merge, which will see the network change from a proof-of-work to proof-of-stake protocol, fast approaches. Trading was light as the U.S. celebrated its Independence Day. U.S. equity markets were closed in observance of the holiday, but European indexes were up with the Stoxx Europe 600 rising 0.5% on Monday. To be sure, Binance CEO Changpeng Zhao recently called the crypto winter a good time to buy bitcoin for investors who can wait for the next bull market. And a survey fromMastercard(MA) reported that over 51% of Latin Americans made at least one transaction with cryptocurrencies between March and April of this year. But industry-wide cascade of bad news continued with crypto hedge fund Three Arrows Capitalfilingfor bankruptcy late Friday after weeks of speculation that it was functionally insolvent; American-Israeli crypto lender, Celsuis,layingoff some 150 employees over the weekend as it battles a financial crisis that saw it halt customer withdrawals last month; crypto lending platform CoinLoanlimitingthe size of withdrawals; and another crypto lender, Singapore-based Vauld,suspendingall withdrawals, trading and deposits on its platform as it looks at restructuring options. Troubled economic backdrop Kuptsikevich noted the troubled economic backdrop that is likely to continue bedeviling crypto markets. "The global picture remains bearish as stock markets show no glimpses of tightening financial conditions by central banks," Kuptsikevich wrote. "On the weekly charts, BTCUSD remains below the 200-week average, having failed a timid attempt to climb higher last week." S&P 500: 3,825 +1% DJIA: 31,097 +1% Nasdaq: 11,127 +0.9% Gold: $1,808 +.02% China's Blockchain Revolution May Be Falling Short Blockchain technology is a national priority for Beijing,having been name-checkedin 2019 by People’s Republic of China President Xi Jinping as an important opportunity that needs to be seized, andmentioned asa key technological pillar of China’s five-year policy plan in 2021. “We must take the blockchain as an important breakthrough for independent innovation of core technologies,” Xi has been quoted as saying, outlining the government’s policy to integrate the technology into the IT fabric of the bureaucracy at large. And with this came theBlockchain Service Network(BSN), a state-backed infrastructure program that would allow enterprise developers to assemble and develop code to build blockchain-based applications with relative ease. Of course, this isn’t real blockchain per se. It’s a neutered version of that called "permissioned blockchain." No corporation or government, in China or elsewhere, wants their key data to be in a decentralized state they can’t control. As theSouth China Morning Post reportedlast week, China is home to nearly 1,800 blockchain services companies that purport to be integrated into most parts of the economy and bureaucracy. Companies are unconvinced There’s a problem, though: Outside of China, companies have realized thatenterprise blockchain ispretty useless. As CoinDesk reported in early 2021, IBM (IBM), which is effectively synonymous with enterprise computing, hasdismantled its blockchain team. Shortly after,Microsoft (MSFT) discontinuedits Blockchain service on Azure cloud. The U.S. Food and Drug Administration, which once touted blockchain as part of a "smarter era of food safety," hasabandoned the initiative. Technology market research firm Gartnernoted in its hype cycle forecastfor 2021 that “successful permissioned enterprise blockchain projects are scarce.” While things like decentralized finance, payments, and tokenization all have some appeal, Gartner said, enterprise blockchain is stuck because “most users are stuck trying to align use cases to the technology.” “The value of permissioned blockchain is hard to understand since it does not implement the most revolutionary aspect of public blockchains – i.e., trust minimization and elimination of central authority, achieved via decentralized consensus,”Gartner wrotein another post on the topic. Incentives In China’s case, companies are doubling down on blockchain because of the manyincentives available, such as a $140 millionsubsidy fund in Guangzhou– the actual utility of the technology be damned. If the governmentthinks the technologywill help its economic ambitions and wants to throw money at it, companies will happily oblige and play along. This is especially true if they can leverage this with investors to juice a funding round. At one time,China was hometo nearly 35,000 blockchain companies, according to publicly available corporate registration data. Of course many were firms jumping in by adding blockchain to their name to access development subsidies, as well as out-and-out frauds. That number, according to SCMP’s report, is down to around 1,800, so the herd has been thinned. Still, it's questionable what exactly these 1,800 companies are doing. On-chain data is key to verifying any claims involving blockchain. But with these permissioned chains, it's impossible to use a block explorer to inspect the data and verify claims of data volume, something that’s a central tenant for the “trust machine” that is blockchain. 8:30 a.m. HKT/SGT(12:30 a.m. UTC):Jibun Bank Services PMI(June) 9:45 a.m. HKT/SGT(UTC):Caixin (China) Services PMI(June) In case you missed it, here is the most recent episode of"All About Bitcoin"onCoinDesk TV: Genesis Exposure to 3AC, Caitlin Long on Crypto Industry Blowups In one of the biggest scams in crypto history, the Commodity Futures Trading Commission (CFTC) is charging South African bitcoin club Mirror Trading International with $1.7 billion fraud. CoinDesk's Managing Editor for News Danny Nelson shared insights into this story. Plus, Caitlin Long of Custodia Bank discussed crypto regulations and Nick Mancini of Trade The Chain provided market analysis. Three Arrows Paper Trail Leads to Trading Desk Obscured Via Offshore Entities:As Three Arrows Capital collapsed under market pressure, its much-lesser known trading desk, TPS Capital, remained active, sources say. But a complex ownership structure might frustrate creditors' efforts to collect. Crypto Lender Celsius Cuts 150 Jobs Amid Restructuring: Report:Withdrawals are still paused and the company has hired restructuring experts as it faces a financial crisis. Bitcoin Recovers to Over $19K; Nomura Warns of US, UK Recession:Nomura warned of a recession in the eurozone, U.K. and Asia Pacific, which could influence crypto prices. LTCM and Other History Lessons for Crypto:From Long-Term Capital Management to the 2008 financial crisis, crypto's recent woes have echoes in the past, says CoinDesk's chief content officer. Other voices:Bitcoin Prices Struggle Below $20,000. Why Tuesday Could Bring a Bigger Move.(Barron's) "The Vauld management wishes to inform that we are facing financial challenges despite our best efforts. This is due to a combination of circumstances such as the volatile market conditions, the financial difficulties of our key business partners inevitably affecting us, and the current market climate... - Reddit Posts (Sample): [['u/paulgnz', "XPR/METAL farming pair on Proton Swap is currently paying 490% APR but it won't last for long.", 17, '2022-08-08 01:08', 'https://www.reddit.com/r/CryptoCurrency/comments/wiswxn/xprmetal_farming_pair_on_proton_swap_is_currently/', "Metal blockchain ($METAL) is a layer zero blockchain that allows any chain to deploy and find consensus through the Snow protocols (introduced by Avalanche) allowing it to run on a highly efficient model of Proof-of-Stake (PoS), eliminating the need for Proof-of-Work (PoW).\n\nMetal improves upon the initial work of Avalanche by adding a fourth subchain (A Chain) to offer a more resource efficient layer for payments and decentralized finance: Proton (based on EOSIO protocol, adding WASM). Additionally $METAL posits it can remove the need for external wallet software outside of the browser, creating a more native Web3 experience by adding Web Authentication (WebAuthn) support for EVM.\n\nThe highly inefficient consensus of PoW has opened the door for many enthusiasts of top blockchains such as Bitcoin, Dogecoin and Ethereum to begin the transition to PoS. Through creating a base-layer ($METAL) and custodially wrapped tokens (xTokens) on Proton, mainnet blockchains can transition from PoW to PoS.\n\n$METAL eliminates the need for centralized bridges by allowing exchanging between the Proton (A chain) and Exchange (X Chain) subchains, eliminating the risk of bridge-hacking, a growing problem in the world of cryptocurrency.\n\nConsensus: Avalanche, Snowman and EOSIO \nTransaction speed: 4,500+ transactions per second \nTime to Finality: < 0.5 seconds \nCoin Supply: Max Supply: 666,666,666 METAL \| Initial Circulating Supply: 333,333,333 METAL\n\nProton (A Chain) \nBuilt to handle payments, decentralized finance, dApps, DAOs, payment messaging (Banks, PSPs, Fintechs) with a higher resource efficiency.\n\nEVM (C Chain) \nBuilt to handle the Ethereum Virtual Machine and for deploying Solidity contracts that can interact with top cryptocurrencies in a trust-less environment.\n\nStake (P Chain) \nBuilt for stakers to validate the Metal network or delegate to other validators to earn staking rewards.\n\nExchange (X Chain) \nBuilt to handle cross-chain exchanging and transfers between sub-chains.\n\nThere's a conversion event happening where you can convert MTL (Metal DAO) to METAL (Metal Blockchain) at 1:2 but I didn't own any MTL so purchased via Proton Swap and added XPR / METAL to the farm (pictured below)\n\nThe farm just launched yesterday and the current APR won't last long as more people jump on board, APR will likely level out in the next few days so enjoy it while you can.\n\n&#x200B;\n\nYou can buy $METAL via [ProtonSwap.com](https://protonswap.com/) (use the bridge to deposit USDC/USDT)\n\nMore info on Proton XPR [https://proton.org](https://proton.org/)\n\nMore info on METAL Blockchain [https://metalblockchain.org](https://metalblockchain.org/)\n\nhttps://preview.redd.it/hfcnas0bhdg91.png?width=1906&format=png&auto=webp&s=1b377450b96ad08ec7bbca67dc8d211481de3f98", 'https://www.reddit.com/r/CryptoCurrency/comments/wiswxn/xprmetal_farming_pair_on_proton_swap_is_currently/', 'wiswxn', [['u/Bucksaway03', 13, '2022-08-08 01:40', 'https://www.reddit.com/r/CryptoCurrency/comments/wiswxn/xprmetal_farming_pair_on_proton_swap_is_currently/ijdj380/', 'Do people still chase these ridiculous yields?', 'wiswxn'], ['u/MarshallHayner', 31, '2022-08-08 03:20', 'https://www.reddit.com/r/CryptoCurrency/comments/wiswxn/xprmetal_farming_pair_on_proton_swap_is_currently/ijdvu6s/', "Ignore the high APR and read up about the Metallicus team, that's what really counts.", 'wiswxn'], ['u/3-ide-Raven', 11, '2022-08-08 04:07', 'https://www.reddit.com/r/CryptoCurrency/comments/wiswxn/xprmetal_farming_pair_on_proton_swap_is_currently/ije1pjv/', 'Amazing how many people don’t know how LPs work. The APRs are always high at the start because not many people are pooling and the rewards are going to very few people. It will drop quickly.', 'wiswxn'], ['u/paulgnz', 11, '2022-08-08 04:10', 'https://www.reddit.com/r/CryptoCurrency/comments/wiswxn/xprmetal_farming_pair_on_proton_swap_is_currently/ije23vu/', 'Exactly, I guess after the whole LUNA/Celsius thing people see high APR and think scam.', 'wiswxn']]], ['u/throwanatkinsonn', 'ELI5: Why is crypto bad for the environment?', 76, '2022-08-08 03:14', 'https://www.reddit.com/r/explainlikeimfive/comments/wivl6i/eli5_why_is_crypto_bad_for_the_environment/', "I feel like an idiot because I've tried reading articles but it all goes over my head. I don't understand what bitcoin mining is or why it takes up so many resources.", 'https://www.reddit.com/r/explainlikeimfive/comments/wivl6i/eli5_why_is_crypto_bad_for_the_environment/', 'wivl6i', [['u/Kingjoe97034', 279, '2022-08-08 03:19', 'https://www.reddit.com/r/explainlikeimfive/comments/wivl6i/eli5_why_is_crypto_bad_for_the_environment/ijdvlvc/', 'Most cryptocurrencies are ‘mined’ by solving ever-increasing difficulty mathematical equations. This requires computing time. Computing time requires electricity. I think I heard somewhere that the current mining of Bitcoin uses more electricity than the country of Belgium. Doing this simply to generate fake coins that only have value based on people’s willingness to pretend they have value seems like a bad reason to burn fossil fuels.\n\nNote: Some have argued that regular government-generated ‘real’ currency uses electricity, too. Just not as much.', 'wivl6i'], ['u/throwanatkinsonn', 32, '2022-08-08 03:23', 'https://www.reddit.com/r/explainlikeimfive/comments/wivl6i/eli5_why_is_crypto_bad_for_the_environment/ijdw4k2/', "Ohh thank you! I think I get it now. And in the same vein, NFTs are also bad for the environment because they're mostly paid for with cryptocurrencies? Or is there a whole other reason for NFTs being bad?", 'wivl6i'], ['u/Meta_Digital', 62, '2022-08-08 03:43', 'https://www.reddit.com/r/explainlikeimfive/comments/wivl6i/eli5_why_is_crypto_bad_for_the_environment/ijdyr0r/', "It's essentially a different way of doing the same basic thing.\n\nCryto and NTFs generate unique data that's stored and [constantly verified on the blockchain](https://en.wikipedia.org/wiki/Proof_of_work), and that process is energy intensive.\n\nSome use [proof of stake](https://en.wikipedia.org/wiki/Proof_of_stake) validation, which is less energy intense.\n\nRegardless, as you pointed out, most NFTs are paid for in crypto (Etherium), and that also comes with the problem of cryto mining.\n\nUltimately, there's just the fact that with both, nothing is created. There is no utility to be had; no service to humanity. We are looking at energy intensive digital technology that is at best only serving speculative investors and at worst only benefiting con artists. Both are detrimental to not only the environment, but to humanity at large. It's difficult to justify any environmental costs with such an activity.", 'wivl6i'], ['u/Lars-Li', 14, '2022-08-08 04:26', 'https://www.reddit.com/r/explainlikeimfive/comments/wivl6i/eli5_why_is_crypto_bad_for_the_environment/ije445b/', "It's important to remember that it's not simply about it requiring computational power, but how it's a race to out-compute everyone else.\n\nThis is also why optimizing it will never be a solution. If mining was twice as efficient, crypto would lose half its value because everyone would just mine twice as much.", 'wivl6i'], ['u/usrevenge', 50, '2022-08-08 04:43', 'https://www.reddit.com/r/explainlikeimfive/comments/wivl6i/eli5_why_is_crypto_bad_for_the_environment/ije65vp/', "Eli5 for crypto to work a bunch of computers wastes electricity doing math.\n\nImagine if you ran a very intensive game on your PC 24/7 but nerve actually played it.\n\nNow imagine buying a garage full of pcs and doing the same thing. \n\nNow imagine entire companies and groups of people buying warehouses full of pcs to run an intensive game and not actually play it.\n\n\nThat's cryptos impact on the environment.", 'wivl6i'], ['u/biggsteve81', 15, '2022-08-08 06:01', 'https://www.reddit.com/r/explainlikeimfive/comments/wivl6i/eli5_why_is_crypto_bad_for_the_environment/ijeexw7/', "Except one of those things you can use to buy a house/car/McDonalds hamburger and the other you can't.", 'wivl6i'], ['u/urzu_seven', 12, '2022-08-08 06:18', 'https://www.reddit.com/r/explainlikeimfive/comments/wivl6i/eli5_why_is_crypto_bad_for_the_environment/ijegoiv/', '> You just have to know how\n\nWhich is part of the problem, cryptocurrency is a more complicated, more wasteful method of value transfer than existing currency. It solves no problems whatsoever while creating many. \n\nBuying that same hamburger with dollars/pounds/yen etc. is easier, cheaper, more stable, better for the environment, basically superior in every way.', 'wivl6i'], ['u/ApatheticAbsurdist', 11, '2022-08-08 07:17', 'https://www.reddit.com/r/explainlikeimfive/comments/wivl6i/eli5_why_is_crypto_bad_for_the_environment/ijemi0k/', "If you were to plug your computer into a watt meter to see how much power it uses, you might be surprised to see the amount of power changes quite a bit depending on what your computer is doing. It uses almost nothing when asleep, when just browsing the web or something it might not use a lot, but run an intensive video game or a very complex simulation program the power use goes very high. And if you get a very high end gaming PC with a high end GPU and such, it will render the games even better but it will probably draw a lot more power. People will try to find the cheapest areas to buy electricity and set up garages or even warehouses filled with computers blasting a way full throttle 24/7 burning electricity. The rooms are usually insanely loud with fans going everywhere and are still insanely hot from all the heat being generated from all the energy being used in the computers. If the heat get... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening:\nPrices:Bitcoin continued its recent rally; ether and other major cryptos also rose.\nInsights:Ethereum\'s Vitalik Buterin and Tron\'s Justin Sun are clashing over Ethereum\'s future.\n●Bitcoin (BTC): $23,843+2.5%\n●Ether (ETH): $1,779+4.1%\n●S&P 500 daily close: 4,140.06−0.1%\n●Gold: $1,786 per troy ounce+0.8%\n●Ten-year Treasury yield daily close: 2.77%−0.07\nBitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found atcoindesk.com/indices.\nBitcoin Surges Early and Then Holds Near $24K; Other Cryptos Climb\nBy James Rubin\nBitcoin bounded out of the starting gate Monday, cracking $24,000 at one point before settling just below this threshold as investors began a two-day wait for the latest inflation numbers.\nThe largest cryptocurrency by market capitalization was recently trading at about $23,800, up more than 2% during the previous 24 hours. Bitcoin has been rallying over the past four days amid hopeful signs that inflation will soon be under control without triggering a steep recession.\n"Bitcoin remains near its recent highs as crypto traders are looking to see if the crypto winter is over," Oanda Senior Market Analyst Americas Edward Moya wrote in an email.\nEther followed a similar pattern, hitting a two-month high above $1,800 earlier in the day before taking a foothold slightly below this level. The second-largest crypto by market cap was recently up more than 4% over the previous day. Other major cryptos spent much of their day firmly in the green, with GRT soaring more than 16% and DOT rising over 7% at one point.\nBeleaguered crypto lending platform Celsius Network skyrocketed more than 24% to trade at a higher price than before it encountered financial difficulties and halted user withdrawals in early June. But Brett Sifling, director at Gerber Kawasaki Wealth & Investment Management,told CoinDeskthat CEL may have been swept up in a surge of speculative assets and meme stocks. And other market observers attributed the rise to a short squeeze organized on Twitter under the #CELShortSqueeze banner. They did not see a bright future for the coin.\nMajor indexes\nMajor equity indexes closed nearly flat following largely disappointing second-quarter earnings by a number of large brands, including software and computer chip manufacturer Nvidia (NVSA), which missed analysts\' revenue expectations. The tech-heavy Nasdaq fell 0.1%, but the Dow Jones Industrial Average (DJIA) rose 0.1%\nInflation holds center stage on this week\'s investor watch list with the U.S. Bureau of Labor Statistics releasing the July consumer price index on Wednesday. Many analysts expect an 8.7% increase, still hefty but down from the unexpectedly high 9.1% reading in June. The New York Federal Reserveoffered furtherhope that price increases have reached a peak with the release of a survey showing rosier consumer expectations for inflation in 2023.\n"It’s inflation week, and all eyes are on the U.S. CPI report," wrote Jeff Dorman, chief investment officer of the financial services firm Arca. "Markets are looking for headline inflation to (finally) slow down. Signs of peak inflation abound, with commodity prices declining precipitously from their highs – historically a strong sign of an impending inflation slowdown."\nThe crypto industrysufferedits latest dose of bad news Monday with the announcement the U.S. Treasury Department has banned all Americans from using decentralized crypto-mixing service Tornado Cash.\nThe Office of Foreign Assets Control (OFAC), a watchdog agency tasked with preventing sanctions violations, on Monday added Tornado Cash to its Specially Designated Nationals list, a running tally of blacklisted people, entities and cryptocurrency addresses. Tornado Cash has been a key tool for the Lazarus Group, a North Korean hacking group tied to the $625 million March hack of Axie Infinity’s Ronin Network, according to the Treasury Department.\nPolygon-based Web3 game Dragoma\'s supportersappear to have fallen victimto a $3.5 million rug pull, according to blockchain sleuth PeckShield. Dragoma, which launched just days ago, had said it planned to become a Web3 adventure game that incorporated non-fungible tokens (NFT) and elements of social media alongside its native token, DMA.\nStill, Oanda\'s Moya struck an upbeat note about crypto pricing. "The selling pressure has significantly eased and momentum traders could pounce on the break of the $25,000 level," he wrote.\n[{"Asset": "Polkadot", "Ticker": "DOT", "Returns": "+6.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "+5.9%", "DACS Sector": "Computing"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+4.3%", "DACS Sector": "Smart Contract Platform"}]\nThere are no losers in CoinDesk 20 today.\nWhy Do We Need Ethereum PoW When We Have Ethereum Classic?\nBy Sam Reynolds\nA month before the much anticipated Ethereum Merge a battle is brewing between Ethereum’s co-founder Vitalik Buterin and Tron’s Justin Sun.\nButerin is dismissive of efforts to maintain some form ofproof-of-work(PoW) system for Ethereum after the blockchain goes through a transition to a less energy-intensiveproof-of-stake(PoS) system.\n“I\'m not expecting EthereumPOW to have substantial, long-term adoption,” Buterin said at a press conference at ETH Seoul, part of the current Blockchain Megaweek in South Korea. “A couple of outsiders that have exchanges just want to make a quick buck. I just don\'t see this organic aspect to it.”\nUnsurprisingly, when “quick buck” is mentioned, (His Excellency) Justin Sun emerges. (Sun is a Permanent Representative of Grenada to the World Trade Organization.)\nTron’s Justin Sun is a cheerleaderfor an Ethereum hard fork that would maintain proof-of-work. Tron’s USDD would be the first stablecoin on what he is calling the "EthereumPOW" protocol. The Sun-backed Poloniex exchange would list it.\nFor his part, Sun says that Poloniex, which has taken the first steps toward listing an EthereumPOW token (ETHW) won’t be taking any fees from trading ETHW. It\'s all for the public good, he says.\nSmall volume\nRegardless,CoinGecko datasays there’s not much comparable market interest in it, with only $3.1 million in volume changing hands on the first day.\n“I don\'t expect Ethereum to really be significantly harmed by another fork,” Buterin said at ETHSeoul. “My impression from everyone I talked to in the Ethereum ecosystem is that they\'ve been completely supportive of the proof of stake effort, and the ecosystem has been quite united around it.”\nAnyone who wants to remain using proof-of-work and Ethereum will just stick with Ethereum Classic, Buterin believes. (Ethereum Classic is what used to be Ethereum until a 2016 hack of The DAO, a smart contract platform running on Ethereum. What remained after a fork became Ethereum Classic, which has its own currency, ETC.)\n“I think Ethereum Classic already has a superior community and a superior product for people kind of with those pro-proof-of-work values and preferences,” he said.\nBut do the markets agree with Buterin?CoinGecko datashows that Ethereum Classic has $1.16 billion in trading volume.\nBut it took almost two months for Ethereum Classic to test the $3.1 million mark in volume that EthereumPOW has already gotten to in daily volume, and over a year and a half for Ethereum Classic’s volume to consistently hit that waterline.\nBy that metric, it might be too early to tell if the market has rejected EthereumPOW. Maybe this is more than an attempt for outsiders to make a quick buck. But at the same time, do we really need two proof-of-work versions of Ethereum?\nKorea Blockchain Week\nETHToronto\nCoinbase second quarter earnings\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nJustin Sun on Ethereum Merge: Why He Backs a Hard Fork; Binance, WazirX Dispute\nTron founder Justin Sun is vowing to back an Ethereum fork, creating concern as the Ethereum Merge approaches but Vitalik Buterin is playing it down. Sun joined "First Mover" to explain his position. Also, CrossTower\'s Kapil Rathi provided his crypto markets analysis and perspective on the WazirX, Binance dispute that has stirred panic among WazirX users.\nCrypto-Mixing Service Tornado Cash Blacklisted by US Treasury:The department barred its use by U.S. persons as a matter of national security because North Korean hackers allegedly use the mixer to launder stolen crypto funds.\nEther\'s Deepest \'Backwardation\' Since 2020 Crash Shows Traders Prepping for Ethereum PoW Split:Traders have been buying ETH in the spot market and selling ether futures to withstand volatility, creating the unusual dynamic.\nWazirX Co-Founder Nischal Shetty Speaks Out on Spat With Binance CEO:Shetty said his team has been in discussions with Binance for several months to work out the ownership issue.\nAmericans See Inflation Plunging Sharply Next Year, New York Fed Survey Finds:Respondents to the widely considered survey expect inflation to run at 6.2% in 2023, which is down 0.6% from last month’s survey.\nThe Ethereum Merge Is the Main Contributor to July Rebound: JPMorgan:The price of ether surged 70% in July, outpacing other major cryptos.\nHow to Get Into Seed Club, the ‘Y Combinator of Web3\':The popular DAO accelerator offers a 12-week crash course for building a token project.\nOther voices:Bitcoin Believers Are Back to Watching Stocks After Crypto Crash(Bloomberg)\n"The Federal Reserve Bank of New York\'s Center for Microeconomic Data today released the July 2022 Survey of Consumer Expectations, which shows substantial declines in short-, medium- and longer-term inflation expectations. Expectations about year-ahead price increases for gas and food fell sharply. H Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-08-09 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $448,879,232,700 - Hash Rate: 200281562.47103348 - Transaction Count: 256233.0 - Unique Addresses: 646055.0 Social & AI Sentiment: - Fear & Greed Index: 0.42 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Don't miss CoinDesk'sConsensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12. Good morning. Here’s what’s happening: Prices:Bitcoin and ether surge after Fed chair's defiant tone. Insights:Institutional interest in digital assets remains strong. Catch the latest episodes ofCoinDesk TVfor insightful interviews with crypto industry leaders and analysis. Andsign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context. Bitcoin (BTC):$21,082 +5.6% Ether (ETH):$1,143 +9% [{"Asset": "Polygon", "Ticker": "MATIC", "Returns": "+21.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+14.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+12.3%", "DACS Sector": "Smart Contract Platform"}] There are no losers in CoinDesk 20 today. Bitcoin and Ether Surge After Fed Chair's Defiant Remarks In the ongoing tug-of-war between the forces driving bitcoin over $20,000 and those dragging it below, the drivers won in Thursday trading. Bitcoin was recently trading at about $21,100, a more than 5% increase over the past 24 hours that helped the largest cryptocurrency regain much of the ground lost the previous day. Ether, the second largest crypto by market cap, was changing hands over $1,140, an 8% gain. Other major altcoins assumed various shades of green with STORJ and POLY assuming two of the darkest hues, rising more than 30% and 20%, respectively at one point. Crypto increases dovetailed with equities gains as investors relaxed at least temporarily from their risk-averse crouches. The tech-focused Nasdaq, which has increasingly predicted digital assets' performances, rose 1.6%, while the S&P 500, which contains a heavy tech component, climbed almost a percentage point after a second day of testimony by U.S. central bank Chair Jerome Powell, whose defiant tone about inflation and frank acknowledgement that the Fed's monetary hawkishness might lead to a recession soothed markets craving clarity. Still, analysts are pessimistic about the staying power of Thursday's crypto surge amid onrushing inflation and ongoing geopolitical uncertainty. "Bitcoin remains a risky asset and probably won't trade on crypto fundamentals until a firm bottom is agreed upon for U.S. stocks," Oanda Americas Senior Analyst Edward Moya wrote in an email. Crypto markets absorbed a mix of good and bad news, mostly the latter. Among the more encouraging events, Solana Labs, the main stakeholder in the Solana blockchain network, announced that it was building a Web3 mobile phone called "Saga." And Binance CEO Changpeng Zhaowrote in a blog postthat his firm would remain committed to helping crypto projects with fixable problems and strong potential. "With our position as one of the largest industry players with healthy cash reserves, we have a duty to protect users," Zhao wrote. "We also have a responsibility to help industry players survive and hopefully thrive." But physical futures crypto exchangeCoinFLEXpaused withdrawals citing the same “extreme market conditions” that other firms in the crypto space, including Celsius have blamed for their troubles. CoinFLEX CEO Mark Lambsaid in a blog post Thursdaythat the decision tied to a certain counterparty, although he added that it was not the struggling crypto hedge fund Three Arrows Capital or “any lending firm.” Late Wednesday, cryptocurrency broker Voyager Digitalreducedits daily withdrawal limit to $10,000 from $25,000 after detailing its exposure to Three Arrows Capital earlier this week. Voyager shares (VOYG) plunged bymore than 60% Wednesdayafter the company said it had an aggregated exposure of $720 million to Three Arrows Capital in the form ofstablecoinsand bitcoin. And ratings agencyMoody’s has downgraded Coinbase’s (COIN) corporate debtand also placed its debt ratings for the crypto exchange under review for further downgrade. Even as Oanda's Moya was upbeat about bitcoin's longer range future, he noted for the present that "no one is confident that the bottom is in." "Bitcoin will remain a volatile trade and the correlation with equities seems like it will last for quite a while," he wrote. S&P 500: 3,795 +0.9% DJIA: 30,677 +0.6% Nasdaq: 11,232 +1.6% Gold: $1,822 -0.7% Hong Kong’s OSL: Institutional Interest Remains Strong in Crypto, Despite Luna-Induced Volatility It’s no secret that retail volume on crypto exchanges is down significantly, from around12% at Binanceto44% on-quarter for Coinbase, but the same isn’t being felt at institutional exchanges. For example, OSL is on pace in 2022 to set a record for trading volume. “Our global platform volumes are higher than our average volumes of 2021, and 2021 has been our biggest year,” Fernando Martínez, OSL head of Americas, told CoinDesk in an interview. Luna’s collapse has affected some exchanges, which have suspended withdrawals, and in turn shaken market confidence, even if some of the exchange’s were victims of technical issues. Martínez points to growing institutional anxiety with these issues as a reason for the increased volume on OSL. “They are actually afraid of the counterparty risk because of everything that's happening,” Martínez said, sharing the perspectives he’s heard from OSL clients: “I cannot trust this or that exchange because you're blocking withdrawals. I cannot trust this or that counterparty because they're not regulated, or because I know that they had some exposure to these types of uncollateralized lending type of activities.” Institutions continue to want to double down on the crypto asset class because they understand that the current correction is merely cyclical, just like any other drawdown. Retail investors are backing away after so many of them got rekt and and because of deep anxieties about inflation and the prospect of a recession. “From the TradFi institutions that have already entered the market, we're already seeing them turn up the heat,” he said. In contrast, Martínez points to the recent sharp spike in outflows from the Toronto-listed Purpose bitcoin ETF as an example of the shaky confidence retail has in the market. Indeed, Glassnode data shows that on June 17 there was an outflow of 24,500 bitcoin from the ETF. A similar trend can be observed with the 3iQ Bitcoin ETF which saw an outflow of 8,400 bitcoin a few days earlier on June 14. “It's a combination between retail that has lost confidence and crypto participants that are not managing risk carefully,” Martínez said. 8 a.m. HKT/SGT(12 a.m. UTC):European Union Leaders Summit 2 p.m. HKT/SGT(6 a.m. UTC):U.K. retail salesvia Office of National Statistics (May/MoM/YoY) In case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV: Can Bitcoin Rebound From $20K? Ledger Expansion Plans "First Mover" dove into the latest crypto news and price action in the markets with Martin Leinweber, MV Index Solutions digital asset product strategist. Also, Pascal Gauthier, Ledger's chairman and CEO, discusses ambitious expansion plans during the crypto bear market. Shiba Inu's SHIB Jumps Amid Speculative Frenzy, BONE Proposal:SHIB rose by nearly 48% in value since the weekend before a sell-off this morning. Voyager Digital Cuts Daily Withdrawal Limit to $10K Amid 3AC Exposure:The decision comes off the back of a heavy decline in the Voyager share price on Wednesday. CoinFLEX Pauses Withdrawals Amid ‘Extreme Market Conditions’ and Counterparty Uncertainty:The counterparty is not crypto hedge fund Three Arrows Capital, CoinFLEX's CEO said. Moody’s Downgrades Coinbase’s Debt on Profitability Concerns:The ratings agency has also put the crypto exchange’s ratings under review for further downgrade. Solana Labs Is Building a Web3 Mobile Phone:The backers of the Solana blockchain said the devices will cost around $1,000 and be available for delivery in early 2023. The Risks and Benefits of On-Chain Credit Protocols:"Unsecured lending" repeats some of issues of undercollateralized lending that blew up some crypto firms, but offers a potential solution. Other voices:Do Kwon’s Crypto Empire Fell in a $40 Billion Crash. He’s Got a New Coin for You. "Trevor Lawrence Turned His $24 Million Signing Bonus Into $9 Million by Getting It All in Crypto" (Barstool Sports/Twitter) ... "We think it’s important to clarify some information that we’ve seen about Coinbase Pro and our plans to launch Coinbase Advanced Trade." (Coinbase/Twitter) ... "As you all know, current market conditions are tough. With our position as one of the largest industry players with healthy cash reserves, we have a duty to protect users. We also have a responsibility to help industry players survive and hopefully thrive. This is the case even if there are no direct benefits to us or we experience negative ROIs. Having said that, the word 'bailout' can have different meanings to different people. And as with most things in the real world, it’s not a binary situation." (Binance blog)... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['By Tom Westbrook SINGAPORE, Aug 10 (Reuters) - The dollar traded firmly on Wednesday in anticipation of U.S. inflation data, which even if it comes in softer-than-expected is still likely to be so red hot that steep U.S. interest rate rises will be required to rein it in. The figures are due at 1230 GMT. Economists expect year-on-year headline inflation running at a scorching 8.7%, a small retreat from June\'s whopping 9.1% figure. Core inflation is expected at 0.5% month-on-month . Currency market moves have been slight in the lead up and for previous releases, reactions have been more muted than in the volatile bond market. The greenback was broadly steady overnight, though has paused a bit of a retreat that began in the middle of July. It bought 135.14 Japanese yen and sat at $1.0208 per euro. The Australian and New Zealand dollars eased slightly, with the Aussie last at $0.6958 - just above its 50-day moving average. The kiwi bought $0.6284. Traders expect reaction to turn on the core inflation figure. "The market will initially get more excited by a downside core CPI surprise than an upside surprise," said Deutsche Bank strategist Alan Ruskin, feeding in to hopes that falling commodity prices mean inflation can quickly recede. "It will also play to the market\'s recent proclivity to buy risk dips, and will be a broad-based negative for the U.S. dollar," he said. "An upside core CPI surprise will fit with the pattern of the last three releases...the purist long dollar trade in this instance is versus the yen," he said, adding dollar/yen could likely to rise into a 135-139 per dollar range. A quick reading on policymakers\' reaction may come from Fed officials Charles Evans and Neel Kashkari who are due to make speeches at 1500 GMT and 1800 GMT, though they will have another set of price data in August before September\'s policy meeting. "A one-off sharp drop in CPI at this point should not mean that much to the Fed," said NatWest Markets\' rates strategist Jan Nevruzi. "They need to see at minimum a consistent multi-month trend to turn around, while acceleration in inflation means that a lot more has to be done on the tightening front." Chinese inflation data is also due on Wednesday, though is expected to show it firmly under control. The yuan has faced some pressure from rising Sino-U.S. tensions and a widening property and banking crisis in China. In offshore trade, the yuan was steady at 6.7550 per dollar. Bitcoin, rattled by a drumbeat of cryptocurrency fund wipeouts and thefts over recent months, fell sharply on Tuesday and was at $23,070 on Wednesday. In emerging markets, the Bank of Thailand is expected to lift interest rates from record lows and the baht hung on to recent gains. ======================================================== Currency bid prices at 0008 GMT Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Euro/Dollar $1.0205 $1.0213 -0.08% -10.23% +1.0215 +1.0205 Dollar/Yen 135.1150 135.1250 +0.00% +0.00% +135.2300 +0.0000 Euro/Yen Dollar/Swiss 0.9540 0.9537 +0.05% +4.60% +0.9543 +0.9538 Sterling/Dollar 1.2072 1.2075 -0.01% -10.72% +1.2091 +1.2073 Dollar/Canadian 1.2888 1.2883 +0.02% +1.92% +1.2890 +1.2884 Aussie/Dollar 0.6950 0.6962 -0.19% -4.40% +0.6966 +0.6949 NZ 0.6280 0.6288 -0.04% -8.17% +0.6288 +0.6284 Dollar/Dollar All spots Tokyo spots Europe spots Volatilities Tokyo Forex market info from BOJ (Reporting by Tom Westbrook; Editing by Lincoln Feast.)', 'By Tom Westbrook SINGAPORE, Aug 10 (Reuters) - The dollar traded firmly on Wednesday in anticipation of U.S. inflation data, which even if it comes in softer-than-expected is still likely to be so red hot that steep U.S. interest rate rises will be required to rein it in. The figures are due at 1230 GMT. Economists expect year-on-year headline inflation running at a scorching 8.7%, a small retreat from June\'s whopping 9.1% figure. Core inflation is expected at 0.5% month-on-month . Currency market moves have been slight in the lead up and for previous releases, reactions have been more muted than in the volatile bond market. The greenback was broadly steady overnight, though has paused a bit of a retreat that began in the middle of July. It bought 135.14 Japanese yen and sat at $1.0208 per euro. The Australian and New Zealand dollars eased slightly, with the Aussie last at $0.6958 - just above its 50-day moving average. The kiwi bought $0.6284. Traders expect reaction to turn on the core inflation figure. "The market will initially get more excited by a downside core CPI surprise than an upside surprise," said Deutsche Bank strategist Alan Ruskin, feeding in to hopes that falling commodity prices mean inflation can quickly recede. "It will also play to the market\'s recent proclivity to buy risk dips, and will be a broad-based negative for the U.S. dollar," he said. "An upside core CPI surprise will fit with the pattern of the last three releases...the purist long dollar trade in this instance is versus the yen," he said, adding dollar/yen could likely to rise into a 135-139 per dollar range. A quick reading on policymakers\' reaction may come from Fed officials Charles Evans and Neel Kashkari who are due to make speeches at 1500 GMT and 1800 GMT, though they will have another set of price data in August before September\'s policy meeting. "A one-off sharp drop in CPI at this point should not mean that much to the Fed," said NatWest Markets\' rates strategist Jan Nevruzi. "They need to see at minimum a consistent multi-month trend to turn around, while acceleration in inflation means that a lot more has to be done on the tightening front." Chinese inflation data is also due on Wednesday, though is expected to show it firmly under control. The yuan has faced some pressure from rising Sino-U.S. tensions and a widening property and banking crisis in China. In offshore trade, the yuan was steady at 6.7550 per dollar. Bitcoin, rattled by a drumbeat of cryptocurrency fund wipeouts and thefts over recent months, fell sharply on Tuesday and was at $23,070 on Wednesday. In emerging markets, the Bank of Thailand is expected to lift interest rates from record lows and the baht hung on to recent gains. ======================================================== Currency bid prices at 0008 GMT Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Euro/Dollar $1.0205 $1.0213 -0.08% -10.23% +1.0215 +1.0205 Dollar/Yen 135.1150 135.1250 +0.00% +0.00% +135.2300 +0.0000 Euro/Yen Dollar/Swiss 0.9540 0.9537 +0.05% +4.60% +0.9543 +0.9538 Sterling/Dollar 1.2072 1.2075 -0.01% -10.72% +1.2091 +1.2073 Dollar/Canadian 1.2888 1.2883 +0.02% +1.92% +1.2890 +1.2884 Aussie/Dollar 0.6950 0.6962 -0.19% -4.40% +0.6966 +0.6949 NZ 0.6280 0.6288 -0.04% -8.17% +0.6288 +0.6284 Dollar/Dollar All spots Tokyo spots Europe spots Volatilities Tokyo Forex market info from BOJ (Reporting by Tom Westbrook; Editing by Lincoln Feast.)', 'Bitcoin and Ethereum fell as most of the top 10 cryptocurrencies gave up ground made earlier in the week. BNB was the exception, posting a slight gain to round out a 15% price increase in the past seven days. See related article: Markets: Bitcoin loses steam, Ether continues run higher in late Asia trading Fast facts Bitcoin changed hands at US$23,216 as of 8:00 a.m. in Hong Kong, off 2.8% in the prior 24 hours. Ethereum fell 4.3% to US$1,707, according to data from CoinMarketCap . BNB was up 0.6% to US$327.21, continuing its price rise since issuer Binance last week said it was extending its staking offerings to more tokens. Solana saw the biggest losses in CoinMarketCap’s top ten, dropping 4.7% to US$40.47. U.S. equity markets fell overnight, with the Dow Jones Industrial Average and the S&P 500 Index both ending down a little less than 1%, while the Nasdaq Composite Index fell 1.1%. Investors are cautious ahead of the release of key inflation data on Wednesday. While\xa0many economists expect consumer prices in July rose just 0.2%, down from 1.3% in June, other recent inflation indicators, such as jobs, have exceeded expectations, suggesting the Federal Reserve will further raise interest rates. The Consumer Price Index is one of three data sets related to inflation to be released on Wednesday, along with the Producer Price Index and unit labor costs, which measure all wages paid to employees. See related article: Why crypto and DeFi are key to building wealth in times of high inflation', 'Bitcoin and Ethereum fell as most of the top 10 cryptocurrencies gave up ground made earlier in the week. BNB was the exception, posting a slight gain to round out a 15% price increase in the past seven days. See related article: Markets: Bitcoin loses steam, Ether continues run higher in late Asia trading Fast facts Bitcoin changed hands at US$23,216 as of 8:00 a.m. in Hong Kong, off 2.8% in the prior 24 hours. Ethereum fell 4.3% to US$1,707, according to data from CoinMarketCap . BNB was up 0.6% to US$327.21, continuing its price rise since issuer Binance last week said it was extending its staking offerings to more tokens. Solana saw the biggest losses in CoinMarketCap’s top ten, dropping 4.7% to US$40.47. U.S. equity markets fell overnight, with the Dow Jones Industrial Average and the S&P 500 Index both ending down a little less than 1%, while the Nasdaq Composite Index fell 1.1%. Investors are cautious ahead of the release of key inflation data on Wednesday. While\xa0many economists expect consumer prices in July rose just 0.2%, down from 1.3% in June, other recent inflation indicators, such as jobs, have exceeded expectations, suggesting the Federal Reserve will further raise interest rates. The Consumer Price Index is one of three data sets related to inflation to be released on Wednesday, along with the Producer Price Index and unit labor costs, which measure all wages paid to employees. See related article: Why crypto and DeFi are key to building wealth in times of high Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-08-10 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $437,732,538,862 - Hash Rate: 207284414.3056849 - Transaction Count: 264566.0 - Unique Addresses: 663480.0 Social & AI Sentiment: - Fear & Greed Index: 0.31 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: The U.S. Senate Agriculture Committee introduced a bill on Wednesday to put the Commodity Futures Trading Commission (CFTC) at the helm of regulating all cryptocurrencies classified as commodities. See related article: US crypto bill could undermine market protections: SEC, Gensler Fast facts The bill would give the CFTC “exclusive jurisdiction” over all “digital commodities,” which includes Bitcoin, Ethereum and other cryptocurrencies that are deemed commodities, and not securities. The Digital Commodities Consumer Protection Act of 2022 would make it mandatory for crypto trading platforms, brokers, and custodians to register with the CFTC. According to the bill, crypto firms would be required to disclose certain information, such as the operating structure and system of the commodity, trading volume, and volatility of the digital commodities trading on their platform. The U.S. derivatives regulator would be in charge of formulating rules to prevent fraud and protect consumers. The commission would also be required to publish a report on its website regarding the energy consumption and source of energy of firms under its jurisdiction. The bill also allows for double registration, so firms registering with the CFTC can also register with the Securities and Exchange Commission (SEC), whose chief Gary Gensler has been vying for the spot as the top crypto regulator as he claims most crypto tokens are securities. See related article: US crypto bill may not pass the Senate this year, Lummis says... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin, Ethereum and all other top 10 cryptocurrencies rose in tandem with U.S. equities markets overnight as consumer data showed U.S. inflation slowed in July. Polkadot surged after announcing a tie-up in decentralized finance services.See related article:Markets: Bitcoin, Ether fall in general sell off; Solana takes hit, BNB stumbles\n• Bitcoin changed hands at US$23,957 as of 8 a.m. on Thursday in Hong Kong, up 3.4% in the prior 24 hours. Ethereum surged 8.8% to US$1,852, according todata from CoinMarketCap.\n• Polkadot was the other major mover in CoinMarketCap’s top 10 tokens by market capitalization, gaining 6.8% to US$9.52 after earlier touching its highest price since early June.\n• Polkadot’s gainscome amid a partnershipwith institutional investment company BitGo, which said it will offer Polkadot in hot wallets to securely access decentralized finance services.\n• U.S. equities ended Wednesday higher on the softer inflation reading. The Dow Jones Industrial Average closed with a 1.6% gain, the S&P 500 index added 2.1% and the Nasdaq Composite Index rose 2.9%.\n• The Consumer Price Index released on Wednesday showed U.S. inflation came in at 8.5% year-on-year in July, or slower than the 9.1% pace recorded in June. The June number was the highest monthly increase in four decades.\n• Concerns about inflation have prompted the Federal Reserve to bump up interest rates this year and more increases are expected when the Fed meets again in September. However, investors see that any indicators that suggest inflation is slowing may ease the pressure for a larger rate rise.\nSee related article:India crypto traders try to dodge fallout from WazirX woes, spat with Binance', 'Bitcoin, Ethereum and all other top 10 cryptocurrencies rose in tandem with U.S. equities markets overnight as consumer data showed U.S. inflation slowed in July. Polkadot surged after announcing a tie-up in decentralized finance services. See related article: Markets: Bitcoin, Ether fall in general sell off; Solana takes hit, BNB stumbles Fast facts Bitcoin changed hands at US$23,957 as of 8 a.m. on Thursday in Hong Kong, up 3.4% in the prior 24 hours. Ethereum surged 8.8% to US$1,852, according to data from CoinMarketCap . Polkadot was the other major mover in CoinMarketCap’s top 10 tokens by market capitalization, gaining 6.8% to US$9.52 after earlier touching its highest price since early June. Polkadot’s gains come amid a partnership with institutional investment company BitGo, which said it will offer Polkadot in hot wallets to securely access decentralized finance services. U.S. equities ended Wednesday higher on the softer inflation reading. The Dow Jones Industrial Average closed with a 1.6% gain, the S&P 500 index added 2.1% and the Nasdaq Composite Index rose 2.9%. The Consumer Price Index released on Wednesday showed U.S. inflation came in at 8.5% year-on-year in July, or slower than the 9.1% pace recorded in June. The June number was the highest monthly increase in four decades. Concerns about inflation have prompted the Federal Reserve to bump up interest rates this year and more increases are expected when the Fed meets again in September. However, investors see that any indicators that suggest inflation is slowing may ease the pressure for a larger rate rise. See related article: India crypto traders try to dodge fallout from WazirX woes, spat with Binance', 'Bitcoin, Ethereum and all other top 10 cryptocurrencies rose in tandem with U.S. equities markets overnight as consumer data showed U.S. inflation slowed in July. Polkadot surged after announcing a tie-up in decentralized finance services.See related article:Markets: Bitcoin, Ether fall in general sell off; Solana takes hit, BNB stumbles\n• Bitcoin changed hands at US$23,957 as of 8 a.m. on Thursday in Hong Kong, up 3.4% in the prior 24 hours. Ethereum surged 8.8% to US$1,852, according todata from CoinMarketCap.\n• Polkadot was the other major mover in CoinMarketCap’s top 10 tokens by market capitalization, gaining 6.8% to US$9.52 after earlier touching its highest price since early June.\n• Polkadot’s gainscome amid a partnershipwith institutional investment company BitGo, which said it will offer Polkadot in hot wallets to securely access decentralized finance services.\n• U.S. equities ended Wednesday higher on the softer inflation reading. The Dow Jones Industrial Average closed with a 1.6% gain, the S&P 500 index added 2.1% and the Nasdaq Composite Index rose 2.9%.\n• The Consumer Price Index released on Wednesday showed U.S. inflation came in at 8.5% year-on-year in July, or slower than the 9.1% pace recorded in June. The June number was the highest monthly increase in four decades.\n• Concerns about inflation have prompted the Federal Reserve to bump up interest rates this year and more increases are expected when the Fed meets again in September. However, investors see that any indicators that suggest inflation is slowing may ease the pressure for a larger rate rise.\nSee related article:India crypto traders try to dodge fallout from WazirX woes, spat with Binance', "A California man must pay over $61,000 in restitution and received an additional sentence of three years of probation after pleading guilty for his part in a SIM swap scam that targeted at least 40 people and robbed one victim of more than $57,000 in crypto, the U.S. Department of JusticeannouncedWednesday.\nRichard Yuan Li, whom prosecutorshad chargedwith one count of conspiracy to commit felony wire fraud, and co-conspirators stole the crypto from an unnamed New Orleans physician after gaining access to multiple crypto accounts. The victim had accounts with Binance, Bittrex, Coinbase, Gemini and Poloniex, among others. At one point, one conspirator attempted to extort the victim for 100 bitcoin (BTC), said the Justice Department.\nThe 21-year-old Li was sentenced in the U.S. District Court for the Eastern District of Louisiana. Prosecutors said that Li's actions amounted to federal crimes because the SIM swaps transmitted signals across state lines and were therefore subject to the interstate commerce clause of the U.S. Constitution. Li must also perform 100 hours of community service.\nA SIM swap scam involves the fraudulent acquisition of a cellular phone and subsequent directing of a victim's incoming calls and texts to another phone. Scammers are then able to acquire personal financial information, including bank and cryptocurrency accounts, as well as other accounts with two-factor authentication.\nIn their multi-art scheme, which ran for most of 2018, Li and his co-conspirators tricked an Apple (AAPL) representative into sending them an iPhone 8, “arranged for victims’ telephone numbers to be swapped” to that phone, and then bypassed their target’s security measures to gain access to files.\nFrom July 2018 to December 2018, LI participated in unauthorized SIM Swaps that targeted at least 40 telephone numbers, prosecutors said in a statement.\nOn Nov. 10, 2018, the physician's telephone number was swapped to the iPhone 8, which LI kept in his dorm room at a university in California.\nA separate SIM Swap of another individual on Dec. 4, 2018, resulted in that victim losing approximately $4,000 of an undisclosed currency.", "A California man must pay over $61,000 in restitution and received an additional sentence of three years of probation after pleading guilty for his part in a SIM swap scam that targeted at least 40 people and robbed one victim of more than $57,000 in crypto, the U.S. Department of Justice announced Wednesday. Richard Yuan Li, whom prosecutors had charged with one count of conspiracy to commit felony wire fraud, and co-conspirators stole the crypto from an unnamed New Orleans physician after gaining access to multiple crypto accounts. The victim had accounts with Binance, Bittrex, Coinbase, Gemini and Poloniex, among others. At one point, one conspirator attempted to extort the victim for 100 bitcoin (BTC), said the Justice Department. The 21-year-old Li was sentenced in the U.S. District Court for the Eastern District of Louisiana. Prosecutors said that Li's actions amounted to federal crimes because the SIM swaps transmitted signals across state lines and were therefore subject to the interstate commerce clause of the U.S. Constitution. Li must also perform 100 hours of community service. A SIM swap scam involves the fraudulent acquisition of a cellular phone and subsequent directing of a victim's incoming calls and texts to another phone. Scammers are then able to acquire personal financial information, including bank and cryptocurrency accounts, as well as other accounts with two-factor authentication. In their multi-art scheme, which ran for most of 2018, Li and his co-conspirators tricked an Apple (AAPL) representative into sending them an iPhone 8, “arranged for victims’ telephone numbers to be swapped” to that phone, and then bypassed their target’s security measures to gain access to files. From July 2018 to December 2018, LI participated in unauthorized SIM Swaps that targeted at least 40 telephone numbers, prosecutors said in a statement. On Nov. 10, 2018, the physician's telephone number was swapped to the iPhone 8, which LI kept in his dorm room at a university in California. Story continues A separate SIM Swap of another individual on Dec. 4, 2018, resulted in that victim losing approximately $4,000 of an undisclosed currency.", 'Let’s begin by defining the realm of small-cap stocks before we discuss those that appear to be strong, safe investments currently. As their name implies, small-cap stocks have lower market capitalizations than both mid-cap and large-cap stocks. The range of market cap defining the class is typically from $300 million to $2 billion. Large-cap stocks carry a market cap of at least $10 billion. Mid-caps bridge the difference.\nA point to remember is that investing in small-cap stocks is inherently riskier than investing in their mi Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-08-11 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $465,280,241,825 - Hash Rate: 196079851.3702425 - Transaction Count: 287356.0 - Unique Addresses: 725127.0 Social & AI Sentiment: - Fear & Greed Index: 0.41 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Last week the U.S. Securities and Exchange Commission (SEC)charged11 individuals with creating and marketing Forsage, the world’s largest and longest-running smart contract-based pyramid scheme. Alas, Lado Okhotnikov, the ring leader of Forsage and rumored to be based in the Republic of Georgia, remains at large. And while the original Forsage smart contracts are nowhere near as popular as they once were, they continue to welcome new money, SEC be damned. J.P. Koning, a CoinDesk columnist, worked as an equity researcher at a Canadian brokerage firm and a financial writer at a large Canadian bank. He runs the popular Moneyness blog. Worse, Okhotnikov's new smartcontract pyramid, Meta Force, continues to grow. Over $42 million in DAI stablecoinshave been depositedinto Meta Force by unwitting investors since the alleged scam debuted a month ago. Smart contract pyramid schemers like Okhotnikov prey on the weak and vulnerable. What can we do to better fight them? A pyramid scheme is an illegal business model where returns to existing investors are generated from newly recruited investors' money or fees. They are ultimately unsustainable because the supply of new investors is finite. Read more:SEC Slaps Founders, Promoters of Alleged Ponzi Scheme Forsage With Fraud Charges Pyramid schemes have existed for centuries. But pyramid schemers quickly realized the benefits of blockchain technology. MMM Global, a pyramid that tore through Nigeria, India, China and other developing nations through 2014 to 2016, used bitcoin (BTC) for payments. A group of researchers whostudied the pyramidfound that, at its peak, MMM Global was processing $150 million per day. The advantages of bitcoin are clear. While authorities can shut down a pyramid scheme by leaning on its payments processors or bank, the Bitcoin blockchain can't be turned off. The rollout of Ethereum led to the next big innovation in pyramids: the smart contract pyramid scheme. In addition to relying on blockchains for payments, this type of alleged scam built its pyramid apparatus on the Ethereum blockchain using smart contracts. There are advantages to using a smart contract to run a pyramid. The entire back office structure can be automated using code, which makes administration easier for the scammer. It also allows the pyramid to be marketed as an "honest" Ponzi; that is, because it is implemented by code rather than by hand, it can be said to always run correctly. Furthermore, because that code is public, it can – in theory, at least – be audited by users. Smart contract pyramids are safer for the scammer to run than traditional pyramids because they afford a degree of anonymity. And while the authorities can shut down a traditional pyramid by visiting the office out of which it operates, building it on Ethereum makes it much harder to stop. Smart contract pyramids soon became endemic to Ethereum. A2019 studyby a group of Italian researchers cataloged 184 smart contract pyramids in play at the time. Most of these were quite small. It was Lado Okhotnikov's Forsage that broke the mold. Forsage's first Ethereum smart contract, x3/x4, would process almost $240 million in payments in 2020. At one point it was Ethereum's second busiest contract, after tether. Ethereum gas fees would soon rise, forcing alleged pyramid alleged scammers like Okhotnikov to migrate to cheaper blockchains. Over the next few years Okhotnikov launched five other smart contract Ponzis on the Tron and Binance Smart Chain blockchains. Recently, scammers have begun to move back to Ethereum thanks to level 2, or subsidiary blockchain, systems that have lowered costs. In Okhotnikov's case, he has set up his newest pyramid, Meta Force, on the Polygon Network. Thanks to the transparency of blockchains, Sarah Meiklejohn and other researchers carried out a preciseanalysisof Forsage’s payouts and losses, focusing on the $240 million Ethereumx3/x4 contract. Read more: JP Koning -The $10B Stablecoin Industry Has a Fraud Problem It's Not Addressing While the founders boasted that the system was transparent and open source, it took the researchers weeks of effort to understand the code, which meant that almost no Forsage participants could have actually audited the smart contract. So much for transparency. Meiklejohn et al. found that the system had been coded at the outset to benefit only a few people. For instance, participants had to buy slots that offered the right to get payments from new recruits. After recruiting three participants, a slot would be blocked and the recruiter had to pay fees to reopen it and receive payment. The organizers’ slots, however, were coded to be exempt from this rule. The SEC found that Okhotnikov had coded one of his subsequent pyramids,Ethereum xGold, to divert a portion of investor funds to a wallet that was not associated with a Forsage ID. This contradicted Okhotnikov’s representation that all funds were paid out to investors. By 2022, that address had diverted over 1,000 ETH. In the end, Meiklejohn et al. report that 1 million Forsage accounts lost money, a remarkable 88% failure rate. The top 1,000 users made 50% of all profits. Okhotnikov and his fellow cofounders capitalized by positioning themselves at the top of the pyramid. The SEC accuses them of owning the best five spots in the x3/x4 Forsage pyramid, the topmost of which earned 5409 ether (ETH), well over $1 million, according to Meiklejohn et al. Okhotnikov and his colleagues aggressively marketed their scams on social media. Forsage's official YouTube channel, which is now dedicated to the new Meta Force pyramid, currently has over 47,000 subscribers. The most popular Forsage video, which is in Hindi, has been viewed 384,000 times. This is despite YouTube's terms of service having ablanket banon marketing pyramid schemes. In their paper, Meiklejohn and her colleagues traced the location of most of the victims of Forsage to developing nations, in particular Nigeria, Philippines and Venezuela. This reveals these alleged scams for what they are: a way for a few rich people to steal from the poor and vulnerable. They need to be stopped. But how? Because smart contract pyramids are built on censorship-resistant blockchains, they can't be attacked at the root, nor can they be undermined indirectly by removing them from the payments system. Writing on CoinDesk, Lex Sokolin hasproposedthat white hat hackers organize to find vulnerabilities in smart contract pyramids and bring them down. It's a nice idea, but so far white hat hackers haven't shown much interest in chasing after pyramids. The SEC should also consider fighting like with like Perhaps the most effective way to hurt smart contract Ponzis is by attacking their reputation. The SEC's charges will certainly help on this front. Now when a potential victim searches for Okhotnikov or one of his "investment" products, they'll have the opinion of the world's largest securities regulator to rely on. The good news is that the SEC's actions seem to have had an effect. The rate of deposits to Okhotnikov's newest (alleged) scam, Meta Force, which has already attracted $42 million in deposits,began to declinethe day after charges were announced. On YouTube, a nervous Lado Okhotnikovdescribedthe SEC’s charges as slander and defamation. But we needed the SEC to begin its attack long ago. Publishing a cease and desist early on, like securities regulators inMontanaand thePhilippinesdid, would have helped tarnish Okhotnikov's reputation before his alleged scams could hurt more people. Regulators like the SEC should try to harness the transparency of blockchains to their advantage. It's possible to see these things popping up and monitor how big they get, so regulators can very quickly mobilize resources to combat them. The SEC should also consider fighting like with like. Smart contract Ponzi scams spread through garish videos on YouTube. Alas, the SEC didn't post its charges to its YouTube channel. A catchy video about Forsage would go much further than a terse tweet. Finally, influential blockchain personalities like Ethereum co-founder Vitalik Buterin and Binance CEO Changpeng Zhao should step up and speak out against smart contract Ponzis when they crop up. They may not wish to do so, because admitting the problem may attract negative attention to the technology. But addressing these scams as early as possible will not only reduce damage to innocent people, it will also limit damage to the long-term reputation of blockchains.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Contagion from the U.S. Department of the Treasury’s move to sanction privacy protocol, Tornado Cash, continues to spread.\ndYdX, the derivatives trading protocol,saidon Aug. 10 that it has banned certain blockchain addresses as a result of the Tornado sanctionsleviedon Aug. 8. Many of the banned addresses had never directly engaged with Tornado Cash, according to dYdX.\ndYdX released the information roughly two hours after a banned user, egor,posteda screenshot showing that his account had been banned.\ndYdX employs a compliance vendor which flags questionable addresses. The protocol went on to ban the flagged addresses before reinstating certain accounts which were actually in compliance, explained the dYdX team.\nAs of Aug. 11, some users are stillexpressing frustrationabout being banned over a nominal deposit into Tornado Cash three years prior. Many DeFi users would have undoubtedly interacted with the privacy protocol for the$TORN airdrop.\nIn response to the bans, data dashboard L2BEAT has produced analternative interfacewhich allows users to withdraw their assets from dYdX even if they are banned.\ndYdX’s move to ban addresses has further underscored the centralization across the DeFi ecosystem. One of DeFi’s key tenets is that it can be used by anyone, anywhere. With the Treasury sanctioning Tornado Cash, Circlebanning addresses, and now dYdX doing the same, the concept of censorship-resistant smart contracts is being tested.\nSanctioning a protocol is new territory. By design, smart contracts are supposed to be uncensorable, hosted on the blockchain with transactions processed by a decentralized network of nodes. With the contracts out of anyone’s control, the onus falls on those interacting with those contracts or interacting with entities interacting with those contracts, to fall under compliance.\nNo doubt this is a messy task.\ndYdX hasn’t claimed to be fully decentralized — the protocolreleased plansin January to do so by the end of this year. dYdX founderAntonio Julianosaid onAug. 8that the protocol would have to block certain addresses to comply with US authorities.\ndYdX did not immediately respond to The Defiant’s request for comment about whether the protocol will need to comply with sanctions such as the Treasury’s if plans to fully decentralize are successful.\nCompliance with the Tornado sanctions isn’t straightforward. “As a smart contract-based mixer, sanctioning Tornado Cash isn’t as simple as sanctioning a centralized service like Blender.io or Hydra Market, as it can’t simply be shut down,” says areportby Chainalysis, a company which provides blockchain monitoring and analysis services.\nBlender.io is a Bitcoin mixing service which was sanctioned by the U.S. Treasuryin May.\nHydra Market was a Russian marketplace and crypto mixing service that the U.S. and German governments shut down as part of a joint operation in April. Unlike Tornado Cash, Hydra Market could simply be shut down through the seizure of its servers.\nAs dYdX, Centre, and others struggle to comply with U.S. authorities’ sudden move, how crypto participants adapt is likely to have lasting effects on an industry which has prided itself on its inability to be controlled by centralized entities like governments.', 'Contagion from the U.S. Department of the Treasury\x92s move to sanction privacy protocol, Tornado Cash, continues to spread. dYdX, the derivatives trading protocol, said on Aug. 10 that it has banned certain blockchain addresses as a result of the Tornado sanctions levied on Aug. 8. Many of the banned addresses had never directly engaged with Tornado Cash, according to dYdX. dYdX released the information roughly two hours after a banned user, egor, posted a screenshot showing that his account had been banned. Outsourced Compliance dYdX employs a compliance vendor which flags questionable addresses. The protocol went on to ban the flagged addresses before reinstating certain accounts which were actually in compliance, explained the dYdX team. An unbanned user in the dYdX Discord As of Aug. 11, some users are still expressing frustration about being banned over a nominal deposit into Tornado Cash three years prior. Many DeFi users would have undoubtedly interacted with the privacy protocol for the $TORN airdrop . In response to the bans, data dashboard L2BEAT has produced an alternative interface which allows users to withdraw their assets from dYdX even if they are banned. Centralization In DeFi dYdX\x92s move to ban addresses has further underscored the centralization across the DeFi ecosystem. One of DeFi\x92s key tenets is that it can be used by anyone, anywhere. With the Treasury sanctioning Tornado Cash, Circle banning addresses , and now dYdX doing the same, the concept of censorship-resistant smart contracts is being tested. Sanctioning a protocol is new territory. By design, smart contracts are supposed to be uncensorable, hosted on the blockchain with transactions processed by a decentralized network of nodes. With the contracts out of anyone\x92s control, the onus falls on those interacting with those contracts or interacting with entities interacting with those contracts, to fall under compliance. No doubt this is a messy task. dYdX hasn\x92t claimed to be fully decentralized \x97 the protocol released plans in January to do so by the end of this year. dYdX founder Antonio Juliano said on Aug. 8 that the protocol would have to block certain addresses to comply with US authorities. Story continues dYdX did not immediately respond to The Defiant\x92s request for comment about whether the protocol will need to comply with sanctions such as the Treasury\x92s if plans to fully decentralize are successful. Compliance Nightmare Compliance with the Tornado sanctions isn\x92t straightforward. \x93As a smart contract-based mixer, sanctioning Tornado Cash isn\x92t as simple as sanctioning a centralized service like Blender.io or Hydra Market, as it can\x92t simply be shut down,\x94 says a report by Chainalysis, a company which provides blockchain monitoring and analysis services. Blender.io is a Bitcoin mixing service which was sanctioned by the U.S. Treasury in May . Hydra Market was a Russian marketplace and crypto mixing service that the U.S. and German governments shut down as part of a joint operation in April. Unlike Tornado Cash, Hydra Market could simply be shut down through the seizure of its servers. As dYdX, Centre, and others struggle to comply with U.S. authorities\x92 sudden move, how crypto participants adapt is likely to have lasting effects on an industry which has prided itself on its inability to be controlled by centralized entities like governments.', 'Good morning. Here’s what’s happening: Prices: Bitcoin spends most of Thursday above $24K before declining; ether jumps even higher. Insights: SOL gains ground despite a scheme that juiced the value of Saber and the Solana blockchain. Prices ● Bitcoin ( BTC ): $23,781 −1.0% ● Ether ( ETH ): $1,860 +0.3% ● S&P 500 daily close: 4,207.27 −0.1% ● Gold: $1,804 per troy ounce +0.5% ● Ten-year Treasury yield daily close: 2.89% +0.1 Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found at coindesk.com/indices. Ether\'s Fine Day By James Rubin Bitcoin climbed most of Thursday. Ether climbed faster. The second-largest cryptocurrency by market capitalization continued a two-month surge to crack $1,900 for the first time since late May. Ether was recently trading at about $1,850, about flat over the previous 24 hours as investors continued an early celebration of the Merge, which will shift the Ethereum protocol from a proof-of-work to less energy-sapping, more environmentally friendly proof-of-stake protocol. The token price has jumped more than 85% since dipping below $1,000 in mid-June. On Wednesday, developers completed the third and final test environment network (testnet) merge. The mainnet Merge is expected to occur sometime at the end of September. "I\'m bullish on Ethereum," Dan Weiskopf, portfolio manager for Amplify ETFs, told CoinDesk TV\'s "First Mover" program. Bitcoin Bitcoin, the largest crypto by market cap, was recently trading at roughly $23,800, down slightly from the previous day but still near the upper end of the roughly $19,000 to $24,000 range its occupied since June. Crypto investors have responded favorably to the latest economic indicators suggesting that the worst of inflation is behind us and the global economy may not plummet into a steep recession. Story continues "People are excited about taking on risk again because it seems as if inflation is under control," Weiskopf said. "We\'ll see if that actually proves out. That bitcoin bottomed and now we\'re at $24,000, a lot of people are excited about that." Equities Crypto prices veered from major stock indexes, which were flat a day after gaining enough ground for the tech-heavy Nasdaq to re-enter bullish territory. The Nasdaq, which is still down 18% for the year, fell 0.6%, while the S&P 500, declined 0.1% as investors seemed to discount the latest evidence of waning inflation, a drop in the Producer Price Index (PPI). The 0.5% drop was the first negative turn since April 2020. Crypto news The crypto industry\'s latest indignities included a report that India regulators were investigating at least 10 crypto exchanges for allegedly assisting foreign firms launder money via crypto. Separately, Canadian bitcoin miner Hut 8 (HUT) posted a C$88.1 million (US$69 million) loss for the second quarter, compared with a loss of C$4 million in the same quarter a year ago and withdrew its revenue estimate for next year that it had made in its first-quarter earnings report, saying it was reorganizing parts of its business. And Coinbase, which has suffered its share of knocks this week i Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-08-12 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $459,038,280,450 - Hash Rate: 215687836.5072668 - Transaction Count: 273661.0 - Unique Addresses: 703328.0 Social & AI Sentiment: - Fear & Greed Index: 0.42 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: SAO PAULO, July 25 (Reuters) - Mexican cryptocurrency exchange Bitso has hit the one million users mark in Brazil about a year after it launched in the country, according to the company's Brazil chief. "We beat 1 million users in Brazil earlier than expected, and our transaction volumes grew by 66% in June from May," Thales Freitas told Reuters in an interview. He did not provide detailed figures, but said that July readings have already exceeded the previous month despite the recent downturn seen across most major crypto currencies. Founded in 2014 and headquartered in Mexico, Bitso raised $250 million in a funding round in May 2021, which valued the platform at $2.2 billion ahead of its debut in Brazil. Freitas, a former executive at Citi and HSBC, took over in Bitso's second largest market, Brazil, three months ago with the mission of leading the company through an increasingly adverse scenario of intense asset volatility and higher interest rates. To overcome these hurdles, Bitso has boosted its incentive program, offering returns of up to 15% per year in stablecoins, digital currencies pegged to traditional assets such as the U.S. dollar. "Brazilian investors love fixed income, and stablecoins are a good way to diversify," Freitas said. Bitso is currently awaiting central bank approval of its application for a payment institution license in Brazil, where it currently operates in partnership with lenders Banco Genial and Starkbank. The so-called "crypto winter" has led some foreign companies to collapse in the wake of a sharp devaluation of digital currencies. Nonetheless, Bitso now faces fresh competition on its home turf after SoftBank-backed Brazilian crypto exchange Mercado Bitcoin announced last week it was planning on entering the Mexican market (Reporting by Aluisio Alves; Writing by Gabriel Araujo, Editing by Isabel Woodford and Nick Zieminski)... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Miami, Florida--(Newsfile Corp. - August 13, 2022) - NFT Builds announces that it will solely accept crypto as a form of payment. As a business owner, customers rely on flexibility when it comes to accepting different forms of payments. This includes new forms of payment and money transfer worldwide, such as cryptocurrency.\nNFT Builds\nTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8203/132680_3182ac98b47f59e2_001full.jpg\nMajor companies accept it, but so do other smaller businesses such as restaurants and coffee shops. One company focused on helping businesses with this transition is NFT Builds Inc.\nThe CEO and founder, Tyler Mercier, recently said, "Our mission at NFT Builds is to bridge Web 2 companies into Web 3 by offering the services needed to start accepting cryptocurrency as a form of payment."\nNFT Builds creates partnerships with creators who are looking to make their Web 3 vision a reality. Though the company is a full-scale marketing firm offering services ranging from development, community building, social media PR, art design and project advertising, the company specializes in cryptocurrency projects.\nMercier and his team of experts understand that the industry is built on showing face, building trust, and having transparency.\n"We have spent millions of dollars marketing in the web 3 space to build out our connections and resources. Every project has a particular niche that needs to be targeted, and that is why my team creates full custom gameplans for the projects we partner with. We have one of the strongest community building teams in this space because our team is a group of trained professionals coming directly from other leading web 3 communities," explained Mercier.\nHe also shared that the one thing that differentiates NFT Builds from other agencies is that there is no middle man - all communications and work are completed in-house.\nIn an announcement made on July 31st, NFT Builds announced that it now accepts payments in Bitcoin, Ethereum, Litecoin, XRP, and USDC. Stay on the lookout for this company as it keeps innovating in the blockchain sector.\nMedia Contact Details:\nNFT Builds Inc.+1 603-508-7575https://www.nftbuilds.iohttps://www.instagram.com/nftbuilds\nTo view the source version of this press release, please visithttps://www.newsfilecorp.com/release/132680', 'Miami, Florida--(Newsfile Corp. - August 13, 2022) - NFT Builds announces that it will solely accept crypto as a form of payment. As a business owner, customers rely on flexibility when it comes to accepting different forms of payments. This includes new forms of payment and money transfer worldwide, such as cryptocurrency. NFT Builds To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/8203/132680_3182ac98b47f59e2_001full.jpg Major companies accept it, but so do other smaller businesses such as restaurants and coffee shops. One company focused on helping businesses with this transition is NFT Builds Inc. The CEO and founder, Tyler Mercier, recently said, "Our mission at NFT Builds is to bridge Web 2 companies into Web 3 by offering the services needed to start accepting cryptocurrency as a form of payment." NFT Builds creates partnerships with creators who are looking to make their Web 3 vision a reality. Though the company is a full-scale marketing firm offering services ranging from development, community building, social media PR, art design and project advertising, the company specializes in cryptocurrency projects. Mercier and his team of experts understand that the industry is built on showing face, building trust, and having transparency. "We have spent millions of dollars marketing in the web 3 space to build out our connections and resources. Every project has a particular niche that needs to be targeted, and that is why my team creates full custom gameplans for the projects we partner with. We have one of the strongest community building teams in this space because our team is a group of trained professionals coming directly from other leading web 3 communities," explained Mercier. He also shared that the one thing that differentiates NFT Builds from other agencies is that there is no middle man - all communications and work are completed in-house. In an announcement made on July 31st, NFT Builds announced that it now accepts payments in Bitcoin, Ethereum, Litecoin, XRP, and USDC. Stay on the lookout for this company as it keeps innovating in the blockchain sector. Story continues Media Contact Details: NFT Builds Inc. +1 603-508-7575 https://www.nftbuilds.io https://www.instagram.com/nftbuilds To view the source version of this press release, please visit https://www.newsfilecorp.com/release/132680', "After several years of glorious appreciation, cryptocurrencies are having a major pullback. Bitcoin, for instance, is down 50% year to date. While many coins look like they are on sale, legendary investor Jim Rogers warns that there is one danger associated with owning crypto assets – the government. “If and when all our money is on our computer, it’s going to be government money,” he said in a recent interview with Bloomberg Crypto. “That’s not the way bureaucrats think. That’s not the way politicians think. They want control. They want to regulate everything.” So where should investors look if they want safer alternatives in this turbulent time? In June, Rogers told ET Now that “there is no such thing as safe” in the world of investments. Still, the multimillionaire points to two assets that could help you withstand the uncertainty ahead – they also happen to be solid hedges against rampant inflation . Don’t miss Mitt Romney says a billionaire tax will trigger demand for these two physical assets — get in now before the super-rich swarm You could be the landlord of Walmart, Whole Foods and Kroger (and collect fat grocery store-anchored income on a quarterly basis) Warren Buffett likes these 2 investment opportunities outside of the stock market Silver Precious metals are a go-to choice for investors in dark times, and Rogers is a long-time advocate. “Silver is probably less dangerous than other things. Gold is probably less dangerous,” he told ET Now. Gold and silver can’t be printed out of thin air like fiat money, so they can help investors preserve wealth in inflationary periods. At the same time, their prices tend to stay resilient in times of crisis . But that doesn’t mean they are crash-proof. “I'm not buying them now, because in a big collapse, everything goes down. But I probably will buy more silver when it goes down some more.” Silver is widely used in the production of solar panels and is a critical component in many vehicles’ electrical control units. Rising industrial demand, in addition to its usefulness as a hedge, makes silver in particular a compelling asset for investors. Story continues You can buy silver coins and bars directly at your local bullion shop. You can also invest in silver ETFs like the iShares Silver Trust (SLV). Meanwhile, silver miners such as Wheaton Precious Metals (WPM), Pan American Silver (PAAS) and Coeur Mining (CDE) are also solidly positioned for a silver price boom. Agriculture You don’t need an MBA to see the appeal of agriculture in a bear market: No matter how big the next crash is, no one is crossing “food” out of their budget. Rogers sees agriculture as a potential refuge in the upcoming collapse. “Silver and agriculture are probably the least dangerous things in the next two or three years,” he says. For a convenient way to get broad exposure to the agriculture sector, check out the Invesco DB Agriculture Fund (DBA). It tracks an index made up of futures contracts on some of the most widely traded agricultural commodities — including corn, soybeans and sugar. You can also use ETFs to tap into individual agricultural commodities. The Teucrium Wheat Fund (WEAT) and the Teucrium Corn Fund (CORN) have gained 13% and 19%, respectively, in 2022. Rogers also likes the idea of investing in farmland itself. “Unless we’re going to stop wearing clothes and eating food, agriculture is going to get better. If you really, really love it, go out there and get yourself a farm and you’ll get very, very, very rich,” he told financial advisory firm Wealthion late last year. Some real estate investment trusts specialize in owning farmland, such as Gladstone Land (LAND) and Farmland Partners (FPI). Meanwhile, new investing services allow you to invest in farmland by taking a stake in a farm of your choice. You’ll earn cash income from the leasing fees and crop sales — and any long-term appreciation on top of that. What to read next Sign up for our MoneyWise investing newsletter to receive a steady flow of actionable ideas from Wall Street's top firms. If your retirement plans have been thrown off by inflation, here's a stress-free way to get back on track ‘There’s always a bull market somewhere’: Jim Cramer’s famous words suggest you can make money no matter what. Here are 2 powerful tailwinds to take advantage of today This article provides information only and should not be construed as advice. It is provided without warranty of any kind.", "After several years of glorious appreciation, cryptocurrencies are having a major pullback. Bitcoin, for instance, is down 50% year to date.\nWhile many coins look like they are on sale, legendary investor Jim Rogers warns that there is one danger associated with owning crypto assets – the government.\n“If and when all our money is on our computer, it’s going to be government money,” he said in a recent interview with Bloomberg Crypto. “That’s not the way bureaucrats think. That’s not the way politicians think. They want control. They want to regulate everything.”\nSo where should investors look if they want safer alternatives in this turbulent time?\nIn June, Rogers told ET Now that “there is no such thing as safe” in the world of investment Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-08-13 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $467,649,494,725 - Hash Rate: 194679281.00331223 - Transaction Count: 233308.0 - Unique Addresses: 613804.0 Social & AI Sentiment: - Fear & Greed Index: 0.46 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Key Insights: After a mixed start to the week, buying momentum gathered pace on Tuesday, with Dogecoin (DOGE) leading the top ten crypto majors. Solana (SOL) extended its winning streak to five days, its best run since March. The total market cap rose by $8.8 billion, another relatively modest rise. For June, the total market cap remains down by $405 billion. It was another choppy session for the crypto market on Tuesday. Bitcoin ( BTC ) took a run at $22,000 before easing back. The pullback saw bitcoin end the day at $20,699. A sharp pickup in risk appetite across the global financial markets delivered support to the crypto market. With the US markets reopened after Monday’s holiday, the NASDAQ 100 rallied by 2.51%. While weaker than in previous weeks, a correlation between bitcoin and the NASDAQ was evident, with a late decline in the NASDAQ pulling back the broader crypto market. An upward swing in crude oil prices tested support for the NASDAQ and the crypto majors late in the session. Market angst over inflation and central bank policies to bring inflation back to target raises the threat of a global economic recession. NASDAQ BTC WTI 220622 Daily Chart Despite this week’s uptrend, headwinds persist, which leaves the crypto market at risk of a reversal. Today, Fed Chair Powell testimony on Capitol Hill will draw plenty of interest and will remind the markets of what lies ahead on the policy and economy front. Crypto Market Cap Up for Again but Deep in the Red for June Another mixed crypto session led to a modest increase in the total crypto market cap. On Tuesday, the total market cap increased by $8.8 billion, following a $4.4 billion rise on Monday. The upswing was small compared with Sunday’s $62.6 billion jump, leaving the market cap down $405 billion for June. Total Market Cap 220622 Daily Chart Poignantly, the crypto market avoided a new June low for a third consecutive day. However, downside risks remain, with central bank monetary policy, the threat of a recession, and a likely shift in the regulatory landscape the key considerations near term. Story continues Looking at the top ten, ADA (-2.04%) and ETH (-0.18%) gave up early gains to end the day in the red. However, it was a bullish session for the remainder, with DOGE rallying by 9.50% to lead the way. BNB (+1.66%), BTC (+0.71%), SOL (+3.30%), and XRP (+1.44%) also found support. From the CoinMarketCap top 100, Shiba Inu ( SHIB ) and Waves ( WAVES ) led the way, surging by 31.20% and 43.04%, respectively. On the stablecoin front, USDD movements were market positive. While TRON DAO Reserve failed to restore the peg, USDD returned to $0.97, easing market fear of another stablecoin collapse. USDD 7-Day Chart 220622 The return to $0.97 levels delivered TRON ( TRX ) support, with TRX ending the day up 6.18%. TRON DAO Reserve collateral figures continued to ease concerns of a USDD collapse. At the time of writing, the collateral ratio stood at 326.35%. USDD Collateral Ratio 220622 Total Crypto Liquidations Eased Back Following Fed Policy Decision The downward trend in total crypto liquidations continued on Tuesday. After hitting $1 billion last Tuesday, 24-hour liquidations fell from $315 million on Monday to $199.82 million on Tuesday. This morning, 24-hour liquidations stood at $170.27 million, a second consecutive morning at sub-$200 million. One-hour liquidations reflected improving market conditions. According to Coinglass , one-hour liquidations stood at $1.91 million. A decline in 24-hour total liquidations to sub-$100 million would deliver crypto market support. Crypto Daily News Highlights Elon Musk reassurances of support for DOGE delivered a meme coin breakout. Axie Infinity ( AXS ) became the most searched NFT in 112 countries, outmuscling Decentaland ( MANA ). Crypto Casino Stake.com sponsored English Premier League side Everton Football Club. DeFi Pulse Index jumped 13%, driven by a token rebound. Uniswap ( UNI ) broke out on news of the NFT marketplace launch. This article was originally posted on FX Empire More From FXEMPIRE: Climate laws face new EU Parliament vote after failed first try French bank Credit Agricole targets higher growth and more customers by 2025 SoftBank overseas business chief exits in latest churn Tennis-Serena ‘absolutely’ had doubts about competing again Indonesia president to push for peace with Ukraine, Russia visits -minister EU seeks to heal, bring back nature with landmark law... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Jersey and Guernsey are both stepping up their attempts to attract crypto investors with their favorable tax laws. Getty Images UK tax haven islands Jersey and Guernsey are stepping up their efforts to attract crypto and blockchain investors. They\'re competing with territories like Bermuda and the Cayman Islands by offering favorable tax regulations. Crypto prices have plummeted this year and investors are pickier about where they put their money. As the financial world appears to have fallen out of love with bitcoin, the Channel Islands - a string of small British overseas territories - are quietly offering crypto investors incentives to move their money from more traditional tax havens. Jersey and Guernsey - located off the French coast - are attracting crypto, blockchain, and other fintech firms thanks to their favorable tax laws. Neither island has capital gains or inheritance tax, making them attractive locations for investment firms. And even before crypto entered the mainstream, both islands had started competing for the booming asset class. One Jersey fintech specialist told Insider that he first noticed clients discussing bitcoin and crypto back in 2011. Jersey has attracted firms including CoinShares, which manages assets worth around $3 billion. The Swiss-based group used Jersey to establish its crypto-backed Physical Bitcoin exchange-traded product in January 2021. Meanwhile, Guernsey Finance\'s chief executive made a recent trip to Miami, which has established itself as one of the US\'s best-known crypto hubs . It\'s part of an effort to lure western crypto investors to the island and away from rival tax havens like the Cayman Islands, according to Barney Lewis, a Guernsey-based fund business manager at ZEDRA. "We\'re competing directly against Cayman, and we\'re seeing the migration of US funds out of there," he told Insider. "Brazilian and South American investors have fallen out of love with Cayman, and are moving capital to Guernsey." The Channel Islands\' push to lure crypto investors has coincided with a widespread retreat from digital assets over the last nine or 10 months. Story continues Bitcoin has plunged 49.7% to just under $24,000 so far in 2022, while fellow large-cap token ethereum has slid 49.8% to below $1,900 - a far cry from their respective all-time highs of $69,000 and $4,867 less than a year ago. Stocks have also plummeted in 2022, meaning that traditional investors are starting to doubt crypto\'s effectiveness as a potential portfolio diversifier, particularly as consumer inflation has rampaged to multi-year highs around the world. "Six months ago, you\'d see portfolios with traditional equity, fixed income, and then maybe 2.5 to 5% crypto as an inflation hedge," Lewis said. "But it looks like a terrible inflation hedge now." Longtime digital asset bulls tend to shrug off these sell-offs, arguing that a "crypto winter" can benefit the space by stress testing key infrastructure, consolidating major firms, and encouraging greater efficiency. That maturation of the space could increase investors\' appetite for low-tax jurisdictions like Jersey and Guernsey, experts said. "In a crypto winter we could see consolidation of crypto projects," a manager at a Jersey-based law firm told Insider. "That would lead to a much more diversified investment opportunity in the crypto, blockchain, and DLT space." And there\'s some optimism in the Channel Islands that a proactive approach to luring investors now will put Jersey and Guernsey in an ideal position to profit from a comeback in cryptocurrencies. "I don\'t feel like we\'ve at all missed the boat," ZEDRA\'s Lewis told Insider. "Yes, crypto and digital assets adoption has been slow in the funds space, but we have to hope we\'re well-placed for the next cycle." Read more: Puerto Rico\'s generous tax breaks and stunning beaches are attracting an influx of crypto entrepreneurs Read the original article on Business Insider', 'Jersey and Guernsey are both stepping up their attempts to attract crypto investors with their favorable tax laws. Getty Images UK tax haven islands Jersey and Guernsey are stepping up their efforts to attract crypto and blockchain investors. They\'re competing with territories like Bermuda and the Cayman Islands by offering favorable tax regulations. Crypto prices have plummeted this year and investors are pickier about where they put their money. As the financial world appears to have fallen out of love with bitcoin, the Channel Islands - a string of small British overseas territories - are quietly offering crypto investors incentives to move their money from more traditional tax havens. Jersey and Guernsey - located off the French coast - are attracting crypto, blockchain, and other fintech firms thanks to their favorable tax laws. Neither island has capital gains or inheritance tax, making them attractive locations for investment firms. And even before crypto entered the mainstream, both islands had started competing for the booming asset class. One Jersey fintech specialist told Insider that he first noticed clients discussing bitcoin and crypto back in 2011. Jersey has attracted firms including CoinShares, which manages assets worth around $3 billion. The Swiss-based group used Jersey to establish its crypto-backed Physical Bitcoin exchange-traded product in January 2021. Meanwhile, Guernsey Finance\'s chief executive made a recent trip to Miami, which has established itself as one of the US\'s best-known crypto hubs . It\'s part of an effort to lure western crypto investors to the island and away from rival tax havens like the Cayman Islands, according to Barney Lewis, a Guernsey-based fund business manager at ZEDRA. "We\'re competing directly against Cayman, and we\'re seeing the migration of US funds out of there," he told Insider. "Brazilian and South American investors have fallen out of love with Cayman, and are moving capital to Guernsey." The Channel Islands\' push to lure crypto investors has coincided with a widespread retreat from digital assets over the last nine or 10 months. Story continues Bitcoin has plunged 49.7% to just under $24,000 so far in 2022, while fellow large-cap token ethereum has slid 49.8% to below $1,900 - a far cry from their respective all-time highs of $69,000 and $4,867 less than a year ago. Stocks have also plummeted in 2022, meaning that traditional investors are starting to doubt crypto\'s effectiveness as a potential portfolio diversifier, particularly as consumer inflation has rampaged to multi-year highs around the world. "Six months ago, you\'d see portfolios with traditional equity, fixed income, and then maybe 2.5 to 5% crypto as an inflation hedge," Lewis said. "But it looks like a terrible inflation hedge now." Longtime digital asset bulls tend to shrug off these sell-offs, arguing that a "crypto winter" can benefit the space by stress testing key infrastructure, consolidating major firms, and encouraging greater efficiency. That maturation of the space could increase investors\' appetite for low-tax jurisdictions like Jersey and Guernsey, experts said. "In a crypto winter we could see consolidation of crypto projects," a manager at a Jersey-based law firm told Insider. "That would lead to a much more diversified investment opportunity in the crypto, blockchain, and DLT space." And there\'s some optimism in the Channel Islands that a proactive approach to luring investors now will put Jersey and Guernsey in an ideal position to profit from a comeback in cryptocurrencies. "I don\'t feel like we\'ve at all missed the boat," ZEDRA\'s Lewis told Insider. "Yes, crypto and digital assets adoption has been slow in the funds space, but we have to hope we\'re well-placed for the next cycle." Read more: Puerto Rico\'s generous tax breaks and stunning beaches are attracting an influx of crypto entrepreneurs Read the original article on Business Insider', 'Recent U.S. sanctions against cryptocurrency mixer Tornado Cash have sparked a debate within the crypto community on whether the ban compromises users’ ability to operate anonymously. Earlier this week, the Treasury Department imposed sanctions against Tornado Cash for helping hackers launder over $7 billion worth of virtual currency. The agency said the mixer service allowed cyber criminal groups, including North Korean-backed hackers, to use its platform to launder the proceeds of cyber crimes. The Treasury’s decision has the crypto community split — proponents of the service argue that the sanctions violate their right to privacy, while critics say the ban is\xa0a way to discourage criminals from using the platform to hide and launder illicit funds. “In an effort to punish hackers and cybercriminals, Treasury just made a clumsy attempt to sanction Tornado Cash, an open source protocol,” wrote\xa0Lia Holland , the campaigns and communications director at Fight for the Future, a digital rights advocacy group. Cryptocurrency mixers like Tornado Cash have become popular in recent years as crypto investors turned to the service to make their transactions anonymous and harder to trace by mixing their funds with others on the blockchain. Holland explained that regular transactions recorded on the blockchain are permanent, public and easily traceable, which made investors turn to mixers for better privacy. “Anonymity is not a crime, and there are many legitimate reasons to seek anonymity in financial transactions,” Holland said. For instance, she said using mixers could protect the identity of activists in authoritarian countries where exposing their financial information could get them imprisoned or executed. Holland added that the Treasury should focus on pursuing cyber criminals instead of sanctioning the tool they use to launder illicit proceeds. “This is a rough equivalent to sanctioning the email protocol in the early days of the internet, with the justification that email is often used to facilitate phishing attacks,” she Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-08-14 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $468,949,269,375 - Hash Rate: 186275858.8017304 - Transaction Count: 205350.0 - Unique Addresses: 551189.0 Social & AI Sentiment: - Fear & Greed Index: 0.47 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: By Scott Kanowsky Investing.com -- Bitcoin fell on Tuesday, in the wake of a move by Estonia-based cryptocurrency exchange CoinLoan to limit withdrawals, as the impact of the collapse in digital assets spreads. In a blog post on Monday, CoinLoan aimed to reassure customers that it had no exposure to a string of recent collapses in the crypto industry, including the failure of hedge fund Three Arrows Capital and a slump in the value of stablecoin terraUSD. But the company said the turmoil has still caused an increase in withdrawals from its platform, leading it to reduce the amount users can take out of their accounts. CoinLoan called it a "pre-emptive step" designed to ensure the firm can continue to operate in the future. "Please rest assured that your assets are safe," CoinLoan said. "We understand how to handle difficulties, and we are also well-equipped to prevent them." Users on the platform can now withdraw a total daily maximum of $5,000 from their accounts. CoinLoan added that the decision is temporary, and the limit will be removed once "the market situation allows it." CoinLoan's decision follows a move earlier this week from Singaporean crypto lending platform Vauld to halt withdrawals, deposits and trading. Vauld said the decision was based on a number of factors, including "volatile" market conditions, which subsequently led customers to pull out more than $197.7M from the platform since June 12. The announcements from CoinLoan and Vauld come amid a sharp fall in the price of Bitcoin. The digital token has tumbled by more than 70% from its record high, as investors edge away from safe-haven assets due to concerns about a possible slowdown in global growth. This fall has helped drag other cryptocurrencies lower. As of 08:36 EST (1236 GMT) on Tuesday, Bitcoin was trading down 1.72% at $19,364.00. Related Articles Bitcoin Falls Amid Further Signs of Crypto Industry Turmoil Crypto Exchange CoinLoan Enforces 100x Lowered Withdrawal Limit CoinShares acquires French crypto asset manager Napoleon AM... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin flirted with US$25,000 over the weekend while Ethereum broke through the US$2,000 barrier before both lost steam in early trading in Asia on Monday. Leading “memecoin” tokens Dogecoin (DOGE) and Shiba Inu token (SHIB) jumped, with DOGE re-entering the crypto top 10 by market cap.\nSee related article:Markets: Bitcoin dips, Ether little changed; Huobi Token surges amid stake sale speculation\n• Bitcoin was trading at US$24,315 at 8 a.m. in Hong Kong, down 0.5% in the prior 24 hours. Ethereum fell 2.3% to change hands at US$1,936, according todata from CoinMarketCap.\n• Bitcoin had touched US$24,974 on Friday, its highest since early June and looked set to crack the $25,000 mark, before the buying faded. Ethereum showed more initial momentum, reaching US$2,022 in early morning trading Monday before slipping back.\n• Ethereum is still up 14% on the week and has reached highs last seen in late May as the world’s second-largest cryptocurrency rallies ahead of the upcoming network “Merge.”\n• Cardano fell 5% after earlier rallying 7% to a two-month high of US$0.59.\n• DOGE rose 12% to US$0.08, the highest since early June. SHIB surged 38% to hit US$$0.00001774 — its highest since early May — before retreating 4%.\n• SHIB recently overtook DOGE in the number of Twitter followers it has with over 3.4 million — an important metric for a token that is heavily dependent on the popularity of its “meme” to drive price movement.\nSee related article:BlackRock backflips on Bitcoin as latest institution to see promise in crypto\n(Corrects to show DOGE rose 12% to US$0.08.)', 'Bitcoin flirted with US$25,000 over the weekend while Ethereum broke through the US$2,000 barrier before both lost steam in early trading in Asia on Monday. Leading “memecoin” tokens Dogecoin (DOGE) and Shiba Inu token (SHIB) jumped, with DOGE re-entering the crypto top 10 by market cap. See related article: Markets: Bitcoin dips, Ether little changed; Huobi Token surges amid stake sale speculation Fast facts Bitcoin was trading at US$24,315 at 8 a.m. in Hong Kong, down 0.5% in the prior 24 hours. Ethereum fell 2.3% to change hands at US$1,936, according to data from CoinMarketCap. Bitcoin had touched US$24,974 on Friday, its highest since early June and looked set to crack the $25,000 mark, before the buying faded. Ethereum showed more initial momentum, reaching US$2,022 in early morning trading Monday before slipping back. Ethereum is still up 14% on the week and has reached highs last seen in late May as the world’s second-largest cryptocurrency rallies ahead of the upcoming network “Merge.” Cardano fell 5% after earlier rallying 7% to a two-month high of US$0.59. DOGE rose 12% to US$0.08, the highest since early June. SHIB surged 38% to hit US$$0.00001774 — its highest since early May — before retreating 4%. SHIB recently overtook DOGE in the number of Twitter followers it has with over 3.4 million — an important metric for a token that is heavily dependent on the popularity of its “meme” to drive price movement. See related article: BlackRock backflips on Bitcoin as latest institution to see promise in crypto (Corrects to show DOGE rose 12% to US$0.08.)', 'Bitcoin flirted with US$25,000 over the weekend while Ethereum broke through the US$2,000 barrier before both lost steam in early trading in Asia on Monday. Leading “memecoin” tokens Dogecoin (DOGE) and Shiba Inu token (SHIB) jumped, with DOGE re-entering the crypto top 10 by market cap.\nSee related article:Markets: Bitcoin dips, Ether little changed; Huobi Token surges amid stake sale speculation\n• Bitcoin was trading at US$24,315 at 8 a.m. in Hong Kong, down 0.5% in the prior 24 hours. Ethereum fell 2.3% to change hands at US$1,936, according todata from CoinMarketCap.\n• Bitcoin had touched US$24,974 on Friday, its highest since early June and looked set to crack the $25,000 mark, before the buying faded. Ethereum showed more initial momentum, reaching US$2,022 in early morning trading Monday before slipping back.\n• Ethereum is still up 14% on the week and has reached highs last seen in late May as the world’s second-largest cryptocurrency rallies ahead of the upcoming network “Merge.”\n• Cardano fell 5% after earlier rallying 7% to a two-month high of US$0.59.\n• DOGE rose 12% to US$0.08, the highest since early June. SHIB surged 38% to hit US$$0.00001774 — its highest since early May — before retreating 4%.\n• SHIB recently overtook DOGE in the number of Twitter followers it has with over 3.4 million — an important metric for a token that is heavily dependent on the popularity of its “meme” to drive price movement.\nSee related article:BlackRock backflips on Bitcoin as latest institution to see promise in crypto\n(Corrects to show DOGE rose 12% to US$0.08.)', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin tested $25K before dropping in weekend trading; ether falls on Sunday.\nInsights: South Korea play-to-earn ban remains a fixture for now.\nCatch the latest episodes ofCoinDesk TVfor insightful interviews with crypto industry leaders and analysis. Andsign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context.\n●Bitcoin (BTC): $24,404−0.5%\n●Ether (ETH): $1,958−1.6%\n●S&P 500 daily close: 4,280.15+1.7%\n●Gold: $1,816 per troy ounce+0.9%\n●Ten-year Treasury yield daily close: 2.85%−0.04\nBitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found atcoindesk.com/indices.\nBitcoin Tests $25K Again; Ether Declines\nBy James Rubin\nBitcoin pushed bravely closer to $25,000 for the third time in four days before retreating nearer more familiar ground.\nThe largest cryptocurrency by market capitalization was recently trading at about $24,400, roughly flat over the past 24 hours and slightly lower than where it started the weekend, although investors remained cautiously optimistic about recent economic indicators showing inflation waning and a lower likelihood of recession. Bitcoin has climbed the past three weeks to change hands toward the upper end of a $20,000 to $24,000 range.\n"BTC\'s resilience above $20,000 did see bulls pushing for more upside, especially after a successful retest of that range," Joe DiPasquale, CEO of crypto fund manager BitBull Capital, wrote CoinDesk. "However, we are yet to witness the breakout above $25,000, which could see BTC moving quickly toward the $29,000-$30,000 range."\nEther was recently down about 1.6% over the previous day to trade at about $1,950. The second-largest crypto by market cap behind bitcoin has been lately gaining ground at an even faster pace than bitcoin and topped $2,000 for a second consecutive day on Saturday before declining. Ether\'s surge has come as the hotly anticipated Merge, whichwill transformthe Ethereum protocol from proof-of-work to a faster, less energy-sapping model looms closer. Ethereumcompletedits third and final test environment network (testnet) merge, Goerli last Wednesday.\nMost other altcoins were in the red in late weekend trading with OP and QUICK off about 8% and 7%, respectively, although popular meme coin SHIB was up over 30% and DOGE jumped more than 10%.\nEquity markets\nCrypto gains have largely tracked stocks, which have also been regaining ground in recent weeks after a dismal first seven months. The tech-focused Nasdaq and S&P 500, which has a heavy tech component, closed Friday up 2.1% and 1.7%, respectively, as investors continued to savor Wednesday\'s unexpectedly favorable consumer price index (CPI) showing July prices rising at a lower rate than the previous month. Markets are hopeful the data will allow the U.S. central bank to ratchet back its next interest rate hike to 50 basis points, a less aggressive approach than it has been following.\nThe Nasdaq and S&P have risen four consecutive weeks, their longest weekly upturn since last November. The Nasdaq has gained 20% since June to escape its lengthiest bear market run since 2008.\nCrypto news\nMeanwhile, crypto industry news was mixed on Friday. India\'s Enforcement Directorate (ED), a government agency that is responsible for probing financial crimes,frozeassets worth 3.7 billion rupees ($46.4 million) at crypto exchange Vauld,it saidin a statement. The U.S. Commodities Futures and Trading Commission (CFTC) accused an Ohio man of running a $12 million bitcoin Ponzi scheme,filinga cease-and-desist order over allegations he scammed investors interested in digital assets.\nBut the moodwas upbeatat Canada\'s largest blockchain conference last week amid a keynote address by Ethereum co-founder Vitalik Buterin, a hackathon and panels.\nDiPasquale noted warily that current macroeconomic uncertainties will continue to cloud bitcoin\'s future pricing. "It may be too early to think that the macroeconomic woes are behind us," he said. "This month\'s closing and the entirety of September will be key for the crypto market on account of a few factors, including the next [Federal Open Market Committee] as well as the anticipated Ethereum Merge. If both BTC and ETH can manage to retain their gains and consolidate until the end of September, we could see a bigger rally leading into Q4."\n[{"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "+38.1%", "DACS Sector": "Currency"}, {"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "+10.9%", "DACS Sector": "Currency"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "+6.3%", "DACS Sector": "Entertainment"}]\n[{"Asset": "Chainlink", "Ticker": "LINK", "Returns": "\\u22123.5%", "DACS Sector": "Computing"}, {"Asset": "Polkadot", "Ticker": "DOT", "Returns": "\\u22122.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22121.8%", "DACS Sector": "Smart Contract Platform"}]\nS. Korea Play-to-Earn Bans Likely to Remain in Place\nBy Sam R Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-08-15 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $460,248,320,588 - Hash Rate: 203082703.20489404 - Transaction Count: 241934.0 - Unique Addresses: 620533.0 Social & AI Sentiment: - Fear & Greed Index: 0.45 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Marathon Digital Holdings, Inc. LAS VEGAS, June 28, 2022 (GLOBE NEWSWIRE) -- Marathon Digital Holdings, Inc. (NASDAQ: MARA ) ("Marathon" or "Company") , a leader in supporting and securing the Bitcoin ecosystem, today disclosed that, as a result of a storm that passed through Hardin, MT earlier this month, the Company’s mining operations in the region are currently without power and likely to remain offline until the damaged power generating facility can be repaired. Based on the latest inspection reports, Marathon’s miners in Montana may have sufficient power to come back online in a reduced capacity as early as the first week of July. On Saturday, June 11, a severe storm passed through the town of Hardin, damaging several structures, including the power generating facility that supplies Marathon’s bitcoin mining operations with power. Since the storm passed, inspections to assess the damage of the power plant have been ongoing. In the past few days, Marathon received a damage assessment. According to the findings, the plant’s cooling towers are in need of repair. Initial electrical tests on Marathon’s miners have been positive, indicating that the majority of the Company’s miners were not materially damaged by the storm. According to reports the Company has received in the past few days, the power generating station may be repaired enough for Marathon’s miners to come back online in a reduced capacity as early as the first week July. While repairs are ongoing in Montana, Marathon has pointed its remaining active miners, representing approximately 0.6 EH/s, away from the Company’s mining pool, MaraPool, and towards a third-party mining pool in order to increase the probability of earning bitcoin. Prior to the storm, the 30,000 miners Marathon had deployed in Montana represented over 75% of the Company’s active fleet. With these miners offline, Marathon’s bitcoin production is expected to be significantly reduced until repairs to the power generating facility in Montana can be completed or until the miners can be relocated to new facilities. As announced on April 5 , Marathon was already preparing to move miners from this facility to more sustainable sources of power during the third quarter of this year. The Company is currently evaluating the possibility of expediting the move of its miners from Montana to new hosting locations. Story continues “The severe storm in Montana unexpectedly decreased our hash rate in June and presented us with a new challenge that we are actively working to overcome,” said Fred Thiel, Marathon’s chairman and CEO. “Bringing miners fully back online will take time, and we are committed to doing everything we can to rebuild our hash rate and to improve our bitcoin production. As part of that process, we have redirected our active miners, which represent approximately 0.6 exahash, to point towards a third-party mining pool, so that we can improve our probability of earning bitcoin while we work to bring the Hardin miners back online. Separate from this event, construction and installations in Texas have continued as scheduled, and given the current macro environment, our pipeline of potential new hosting arrangements remains strong. We appreciate the continued support of our shareholders as we work through this process.” Investor Notice Investing in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward-looking statements described under "Risk Factors" in Item 1A of our most recent Annual Report on Form 10-K for the fiscal year ended December 31, 2021, filed with the SEC on March 10, 2022 and Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2022, filed with the SEC on May 5, 2022. If any of these risks were to occur, our business, financial condition or results of operations would likely suffer. In that event, the value of our securities could decline, and you could lose part or all of your investment. The risks and uncertainties we describe are not the only ones facing us. Additional risks not presently known to us or that we currently deem immaterial may also impair our business operations. In addition, our past financial performance may not be a reliable indicator of future performance, and historical trends should not be used to anticipate results in the future. Future changes in the network-wide mining difficulty rate or Bitcoin hash rate may also materially affect the future performance of Marathon's production of bitcoin. Additionally, all discussions of financial metrics assume mining difficulty rates as of June 2022. The total network’s hash rate data is calculated from a third-party source, which is available here: https://www.blockchain.com/charts/hash-rate . Data from third-party sources has not been independently verified. See "Forward-Looking Statements" below. Forward-Looking Statements Statements made in this press release include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements can be identified by the use of words such as “may,” “will,” “plan,” “should,” “expect,” “anticipate,” “estimate,” “continue,” or comparable terminology. Such forward-looking statements are inherently subject to certain risks, trends and uncertainties, many of which the Company cannot predict with accuracy and some of which the Company might not even anticipate and involve factors that may cause actual results to differ materially from those projected or suggested. Readers are cautioned not to place undue reliance on these forward-looking statements and are advised to consider the factors listed above together with the additional factors under the heading “Risk Factors” in the Company's Annual Reports on Form 10-K, as may be supplemented or amended by the Company's Quarterly Reports on Form 10-Q. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events, new information or otherwise. About Marathon Digital Holdings Marathon is a digital asset technology company that focuses on supporting and securing the Bitcoin ecosystem. The Company is currently in the process of becoming one of the largest and most sustainably powered Bitcoin mining operations in North America, while remaining asset light. Marathon Digital Holdings Company Contact: Telephone: 800-804-1690 Email: [email protected]... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening: Prices: Bitcoin falls below $24K before recovering slightly; ether is down. Insights: Crypto savings platform Hodlnaut angered users by freezing withdrawals, but the law may be on the company\'s side if there\'s ever a court case. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. And sign up for First Mover , our daily newsletter putting the latest moves in crypto markets in context. Prices ● Bitcoin ( BTC ): $24,141 −1.0% ● Ether ( ETH ): $1,898 −2.7% ● S&P 500 daily close: 4,297.14 +0.4% ● Gold: $1,794 per troy ounce −0.3% ● Ten-year Treasury yield daily close: 2.79% −0.06 Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found at coindesk.com/indices. Bitcoin Falls Below $24K Before Recovering Slightly; Ether Drops By James Rubin Bitcoin seemed headed for a bright start to the week, topping $25,000 late Sunday (U.S. time) after flirting with the psychologically important threshold multiple times in previous days. But the largest cryptocurrency by market capitalization quickly retreated and was recently trading just over $24,000, down almost a percentage point over the last 24 hours, albeit still above the top part of the $20,000 to $24,000 range it\'s occupied for over a month. Investors remain in wait-and-see mode following weeks of sometimes hopeful and other times confounding economic indicators and company earnings. "It seems the cryptocurrency, like many other instruments, is testing a potentially significant barrier following the recent recovery and we may be seeing some profit-taking," Craig Erlam, senior market analyst, U.K. and EMEA (Europe, Middle East, Africa) for foreign exchange Oanda, wrote in an email. "Whether that becomes a full rotation lower isn\'t clear yet but it doesn\'t appear to have the momentum for a breakout at this time. Story continues Ether followed a similar pattern, rising to over $2,000 late Sunday before falling below $1,900. The second-largest crypto by market cap was recently down roughly 2.5% from the previous day, although well above levels earlier this summer amid growing investor enthusiasm for The Merge, which will change the Ethereum protocol from proof-of-work to the faster, more energy efficient proof-of-stake model. Two of Sunday\'s big winners, the popular meme coins SHIB and DOGE, were losers a day later, recently plunging more than 9% and 7%, respectively. MATIC tumbled more than 5%. Equities trade sideways Stocks fared somewhat better than major cryptos, with the tech-heavy Nasdaq and S&P 500 increasing 0.6% and 0.4%, respectively, amid ongoing hope that inflation has peaked and the U.S. Federal Reserve may be able to back off some of its current monetary hawkishness. But commodity prices declined after a number of indicators showed slowing growth in China. The price of Brent crude oil, a widely regarded measure of the energy market, dropped over 3% to about $95 per barrel. "The economic data from China overnight was very disappointing, to put it mildly," Erlam wrote. "Combined with the lending figures on Friday, it does not paint a good picture of domestic demand or the growth outlook." Crypto news A scotched deal between cryptocurrency custody company BitGo and crypto-focused financial services firm Galaxy Digital highlighted Monday\'s industry news. Earlier in the day, Galaxy Digital, the creation of noted investor Michael Novogratz, said it was abandoning its plan to purchase BitGo because the latter had failed to provide financial statements by an end-of-July deadline. The companies had first announced the deal in May 2021 for what was at the time about $1.2 billion in stock and cash. Later Monday, BitGo said it was planning to sue Galaxy Digital for backing out of the merger agreement, and will seek $100 million in damages from Galaxy, the amount of a previously promised break-up fee. The Federal Reserve announced it was publishing its final guidance for novel financial institutions to access its "master accounts," something these firms need to participate in the global payment system. The announcement would seemingly move the U.S. central bank one step closer to possibly allowing Wyoming trust companies, like Custodia and Kraken Bank, access to these accounts. European digital bank Revolut has been granted authorization by the Cyprus Securities and Exchange Commission, allowing it to offer crypto services across the European Economic Area. The authorization will enable Revolut to offer crypto services to its 17 million customers. And Singapore\'s High Court granted beleaguered crypto exchange Zipmex more than three months of creditor protection so that Zipmex can devise a funding plan, Bloomberg News reported. Decoupling from macro events? Arca Chief Investment Officer Jeff Dorman optimistically noted evidence of a decoupling between crypto prices and macroeconomic events. "The coincidental timing of idiosyncratic digital asset events (LUNA/UST, defaults/bankruptcies, ETH 2.0 Merge) and macro events (peak inflation, commodities rolling over, bad economic data leading to \'bad news = good news\') makes it difficult to prove the decoupling," Dorman wrote in a Monday newsletter. "But if you look elsewhere in digital assets, there has been massive dispersion in digital asset prices since mid-June." He added: "All the market leaders that released big news/partnerships/tokenomics changes ultimately rallied the most (UNI, DYDX, LDO, ETH, CRV, AAVE, MATIC, CHZ, etc.). This is a very encouraging sign that digital assets are once again trading on their own information flows rather than being 100% tied to macro events." Biggest Gainers There are no gainers in CoinDesk 20 today. Biggest Losers Asset Ticker Returns DACS Sector Shiba Inu SHIB −9.8% Currency Gala GALA −6.5% Entertainment Terra LUNA −6.2% Smart Contract Platform Insights Angry That Hodlnaut Has Frozen Your Funds? Too Bad, It’s in the Terms and Conditions Earlier this month, Singapore-based crypto savings platform Hodlnaut froze withdrawals and token swaps citing “difficult market conditions.” Naturally, its user base was aghast and the legal threats came in fast and furious over Twitter. At the time, Holdnaut was applying for a license from the Monetary Authority of Singapore (it has since withdrawn the application), and surely this isn’t the type of behavior becoming of a licensed institution. Except this is all laid out in the terms and conditions, and Singapore courts may favor upholding this contractual agreement. “The standard terms and conditions of the crypto lenders will usually provide it with a broad and absolute discretion to suspend all, or any part, of its services to its customers,” Yuankai Lin, partner at RPC Premier Law Singapore told CoinDesk via email. “In Hodlnaut\'s case, it did have a contractual right under its standard Terms and Conditions to ‘suspend or terminate the Service or any part of the Service, at its discretion and without prior notice to the User.’” Lin said that, like any other digital service, the user would need to indicate their acceptance to open an account and this agreement would be binding on them. As for any legal challenge, this might not go anywhere. Lin said this has been tried before in the TradFi world, and the courts have ruled on the side of the institution. “The Singapore courts will generally recognize and uphold contractual terms giving the bank absolute discretion in relation to certain acts, provided that the bank exercises this discretion in good faith and not arbitrarily or irrationally. Any party seeking to challenge the bank\'s act will essentially have to prove the bank had abused its discretion,” he said to CoinDesk. Lin said that while there have not been any reported decisions in Singapore on crypto lenders specifically exercising their discretion to freeze funds, he expects the same framework of discretion from TradFi to be applied. As of now, MAS has been focused on regulating crypto from an anti-money laundering and combating terror financing perspective. “MAS has stated that it will look towards widening the scope of cryptocurrency regulations in Singapore to cover more areas such as consumer protection, market conduct, and reserve backing for stablecoins,” Lin told CoinDesk. Without a license from MAS, Holdnaut won’t be able to offer token swap services. It can however still offer lending and borrowing services for cryptocurrency-related transactions, Lin explained, as it is not an activity currently regulated by the MAS. Holdnaut has not applied for bankruptcy protection unlike other CeFi lenders Celsius Network and Voyager Digital. The company has previously announced that it has "no exposure or loans" with Three Arrows Capital or Celsius. Per previous CoinDesk reporting the lender is working with Singapore-based law firm Damodara Ong on a timeline for a plan to preserve user assets. Hodlnaut has said on Twitter that it plans to provide another update to users on August 19. Important events 9:30 a.m. HKT/SGT(1:30 a.m. UTC): Reserve Bank of Australia monetary policy minutes 12:30 p.m. HKT/SGT(4:30 a.m. UTC): Japan tertiary industry index (MoM/June) 5 p.m. HKT/SGT(9 a.m. UTC): Eurostat trade balance n.s.a. (June) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin (BTC) briefly tops $25,000 for the first time since June. Brent Xu, Umee Founder and CEO, joined "First Mover" to discuss. Plus, Monero’s privacy-focused crypto protocol upgrade is now live. And Terraform Labs CEO Do Kwon broke his silence about Terra\'s collapse. Headlines Crypto Lender Celsius On Pace to Run Out of Cash by October: The firm, which filed for bankruptcy protection in July, is also short of $2.8 billion in cry Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-08-16 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $457,054,042,800 - Hash Rate: 207284414.3056849 - Transaction Count: 273896.0 - Unique Addresses: 677726.0 Social & AI Sentiment: - Fear & Greed Index: 0.44 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: • DOGE’s market value appreciated by 20% in the last seven days. • Long-term RSI for meme tokens DOGE and SHIB saw a positive turn. • Amid a larger bearish market, Dogecoin and Shiba’s short-term gains ignited some optimism in the market. As a larger bearish spell engulfed thecryptomarket with top tokens oscillating in a rangebound momentum, meme tokens turned to the market’s rescue flashing short-term bullish signals. Entering the third week of June,DOGE/USDTandSHIB/USDTpairs presented a high demand owing to gains in RSI. Both the tokens made price gains above their key support levels with a significant bullish engulfing candle on each of the tokens’ charts, initiating a relief rally. For the top meme token, DOGE, a price push from bulls, helped the coin gain almost 20% over the week. On the other hand, the top Dogekiller – SHIB, noted close to 35% weekly gains but saw price action weakening at press time. The recent recovery rally pushed DOGE’s price 50% higher as the coin reclaimed the immediate resistance of $0.07 and hit the next higher resistance at the $0.77 mark. While DOGE’s recovery was notable, SHIB charted higher gains of close to 60% over the last week. However, on June 28, around press time, the two meme tokens saw weakening momentum on their short-term charts, which makes it crucial to assess whether DOGE and SHIB could continue their uptrend. Despite the recent gains, DOGE price failed to surpass the overhead resistance at the 0.078 mark. There was a significant pump in trade volumes for the top meme token. However, the long-work rejection candle highlighted that bears cautiously defended the higher resistance levels with vigor. In the early trading hours of Monday, Dogecoin broke higher, surpassing its 50-Day Moving Average for the first time since late April. DOGE/USDT pair traded close to $0.08, making it the best performing cryptocurrency in the top 50 cryptos by market cap. Many market experts believe that the top meme coin has seemingly broken above a downtrend in play since mid-May. However, the larger market’s bearishness pulled down the price of the tenth-ranked crypto asset by market cap. At press time, DOGE traded at $0.07262, noting a 2.03% drop in price over the last 24 hours. Notably, on a one-hour chart, Dogecoin has lost almost 8% price from the high of $0.078. The top meme coins RSI presented that sellers were starting to gain dominance as buying pressure slumped. In the short term, a recovery above the $0.075 mark would be essential to DOGE’s recovery. Lowering social anticipation for the coin can further affect DOGE prices. FXEmpire analyst Mohadesa Najumihighlightedthat while ‘Dogecoin may have surged 55% recently, technical analysis shows that short-term sentiment on DOGE is neutral, with 16 indicators displaying bullish signals compared to 16 bearish signals at the time of writing.’ Inanother FXEmpire article, analyst Joel Frank presented that for DOGE, a clean break above the 50DMA sets the stage for further upside towards the critical $0.10 level. Shiba Inu‘s price was trading around $0.00001115 at press time, up 34.95% in the last week. However, weakening buying pressure had pushed the coin’s price down by 5.77% over the previous 24 hours. On a one-hour chart, SHIB was testing the $0.00001110 support resistance mark, staying above which would be crucial for the coin. In the near term, the $0.0000108 support could act as a line of defense that bulls need to guard. That said, in the short-term, a recovery above the upper resistance at the $0.0000114 mark could play in favor of the bulls helping the meme token gain further market momentum. SHIB bears protected the local resistance level at $0.00001297, and a u-turn from that mark led to considerable market losses for the top Dogekiller over the last day. Nonetheless, trade volume for the coin remains high. If bulls can manage a daily candle close above the $0.000012 mark, a breakout might happen within the coming days. Thisarticlewas originally posted on FX Empire • Crypto Market Daily Highlights – BTC and the Broader Market See Red • Three dead in Amtrak train crash and derailment in Missouri • Iran applies to join BRICS group of emerging countries • Armenia, Azerbaijan trade new Karabakh accusations • JetBlue refuses to give up its quest for Spirit Airlines • Oil climbs as major producer UAE says it has no spare capacity... - Reddit Posts (Sample): [['u/Owls_oil', 'Hemp banking closed AGAIN now looking to crypto to keep providing access', 51, '2022-08-16 01:47', 'https://www.reddit.com/r/Bitcoin/comments/wpese6/hemp_banking_closed_again_now_looking_to_crypto/', "Hi Everyone,\n\nIm Luke the CEO for [OwlsOil.com](https://OwlsOil.com) We are a hemp product manufacturer in southern Oregon, USA. After being with Bank of America for 2 years they have made the decision to close the account. We went through all the official hemp banking procedures with the bank and its incredibly frustrating for a business to deal with these issues. \n\nIm very familiar with crypto and was around during the first big boom when BTC hit over 1k and then plummeted. That being said I have being somewhat out of the loop with all of the different processing opportunities. I looked into Bitpay but they don't work with the hemp industry. We are fine to keep the crypto in a stable coin to avoid if not BTC. \n\nFor those that don't know in 2018 the farm bill passed in USA legalizing hemp. This also meant legalizing many other cannabinoids that get you high such as Delta 8, HHC and now even delta 9 edibles that can be shipped to majority of states in USA. We completely self regulated with childsafe packaging, one time QR codes based on the blockchain called Cannverify and full panel testing. We would love some advice to incorporate crypto into our website.", 'https://www.reddit.com/r/Bitcoin/comments/wpese6/hemp_banking_closed_again_now_looking_to_crypto/', 'wpese6', [['u/Independent-Space-23', 14, '2022-08-16 02:49', 'https://www.reddit.com/r/Bitcoin/comments/wpese6/hemp_banking_closed_again_now_looking_to_crypto/ikgi8u9/', '[https://btcpayserver.org/](https://btcpayserver.org/) these guys are the saviors to bitpay, the latter being the coinbase of bitcoin payment processing industry. never use bitpay', 'wpese6'], ['u/garrulous_theory', 30, '2022-08-16 03:02', 'https://www.reddit.com/r/Bitcoin/comments/wpese6/hemp_banking_closed_again_now_looking_to_crypto/ikgk2ra/', 'Avoid crypto, run toward bitcoin. \n\nBTCpayserver.org is a great way to set up accepting direct bitcoin payments. \n\nIf you are a one-man operation and don’t want to set up your own node with btcpayserver you could also use something like breez wallet which has a point-of-sale interface right in the default app.', 'wpese6']]], ['u/Avicii89', 'For intelligent 21st century tech, CBTC can be pretty "dumb" sometimes', 16, '2022-08-16 03:34', 'https://www.reddit.com/r/nycrail/comments/wph5pk/for_intelligent_21st_century_tech_cbtc_can_be/', "Perhaps some MTA conductors/operators or engineers can correct me if I'm wrong here, but CBTC seems to be pretty poor at handling movement authority / train speeds in and around stations when the block immediately ahead of a station is occupied or set to red. \n\nTake for example on the QBL lines. E train is approaching Queens Plaza at speed on express track, and an M train up ahead is departing Queens Plaza from the local track and crossing over to the shared E tracks toward Court Sq and 53rd street tunnel. The E has a red signal at the western end of Queens Plaza station because the M just crossed over going to Court Sq, and so the CBTC starts slowing the E down to a near crawl as it approaches and enters Queens Plaza because of that upcoming stop signal. It seems the technology doesn't take into account that the E has to stop at that station regardless of signal, and doesn't allow it to enter the station at a 'normal' speed where the operator would just slow down more aggressively before the red signal and let passengers on/off while waiting for the signal to flip. Instead, time is wasted crawling at 5mph to the end of the platform, before it can then stop as it normally would. \n\nI see this happen all the time. Same story at Roosevelt Avenue -- you have an F trailing right behind an E. The E departs Roosevelt Ave, enters the next block, yet the CBTC forces the trailing F train to approach the station super slowly, even though it has to stop no matter what. I feel like this adds unnecessary delay when you could just have the train enter at normal speed, stop before the red, and spend that time waiting for the signal on the platform exchanging passengers (and allowing more time for people to switch between local M/R that may be nearby) instead of wasting time inching up the platform. \n\nIf I had to take a guess, the CBTC logic is treating red signals at a station the same way it would treat any other red signal -- forces train to slow down to maximize the amount of time it is able to be in motion approaching the unfavorable signal before it would have to come to a dead stop. In reality, red signals at stations where a train is already scheduled to stop should engage a different CBTC logic in how it slows trains down (i.e. not to 5mph) \n\nThoughts?", 'https://www.reddit.com/r/nycrail/comments/wph5pk/for_intelligent_21st_century_tech_cbtc_can_be/', 'wph5pk', [['u/Railfan007', 17, '2022-08-16 04:19', 'https://www.reddit.com/r/nycrail/comments/wph5pk/for_intelligent_21st_century_tech_cbtc_can_be/ikgupo3/', 'CBTC can be changed so the train can pull in faster. However, it is currently designed to work the same way the old signals would operate in the same situation. Hopefully in the future that changes.', 'wph5pk']]], ['u/KelseyFrog', 'RoguelikeDev Does The Complete Roguelike Tutorial - Week 8', 44, '2022-08-16 04:52', 'https://www.reddit.com/r/roguelikedev/comments/wpiske/roguelikedev_does_the_complete_roguelike_tutorial/', "Congratulations to everyone who participated this year! It's always fun hosting this event and watching everyone learn together. Let's give u/TStand90 an enormous round of applause for the tutorial, u/HexDecimal for answering so many questions and libtcod, and u/Kyzrati for spreading the word and just generally being a wonderful mod!\n\nThis is the end of RoguelikeDev Does The Complete Python Tutorial for 2022. Share your game, share screenshots and repos, brag, commiserate. How did it go? Where do you go from here?\n\nI encourage everyone who has made it this far to continue working on your game. Everyone is welcome to (and really should ;) ) participate in Sharing Saturday.\n\nFeel free to enjoy the usual tangential chatting. If you're looking for last week's or any other post, the entire series is archived on the wiki. :)", 'https://www.reddit.com/r/roguelikedev/comments/wpiske/roguelikedev_does_the_complete_roguelike_tutorial/', 'wpiske', [['u/HexDecimal', 14, '2022-08-16 07:01', 'https://www.reddit.com/r/roguelikedev/comments/wpiske/roguelikedev_does_the_complete_roguelike_tutorial/ikhdfl8/', "[GitHub](https://github.com/HexDecimal/tcod-cpp-engine-2022) \| [Playable](https://hexdecimal.itch.io/tcod-cpp-engine-2022) \| [Screenshots](https://imgur.com/a/XoGyzZE)\n\nI completed the C++ tutorial but was too burned-out to finish the additional Python parts as well as the extra stuff I wanted to do. I've put down everything I was planning as issues so that I don't forget them.\n\nI'm going to take a break from this for now. Later I'll return to this or my refactor of the Python engine rather than going through the tutorials again.\n\nI did get a lot of good stuff out of this. Emscripten has worked pretty well. It was simple enough to setup automated deployment to Itch. The cave generator I made is non-standard but had nice looking maps so far. JSON made save migration a lot easier to do. Vcpkg/CMake is still excellent for making a portable codebase. Libtcod was easy to work with in C++17, even for parts where the libtcod API hasn't been fully modernized yet.\n\nThe biggest downside I've had is that C++'s polymorphism is very difficult to serialize. This became my biggest roadblock as is likely what lead to me burning out. This is something I'll better account for in the future.", 'wpiske'], ['u/bodiddlie', 11, '2022-08-16 07:08', 'https://www.reddit.com/r/roguelikedev/comments/wpiske/roguelikedev_does_the_complete_roguelike_tutorial/ikhe0p1/', 'Start with some links: \n\n[Working code at end of tutorial - traditional look](https://ts-rogue-tutorial-2022.netlify.app/)\n\n[Link to all my tutorial write-ups in TypeScript](https://klepinger.dev/rotjs-tutorial)\n\n[Repo - all chapters are tagged](https://github.com/bodiddlie/js-rogue-tutorial)\n\nThis was an absolute blast to work on. It’s rare I stick to a non-work project like this and complete it. Having a deadline and a community I felt somewhat accountable to I think really helped keep me on track. \n\nI’m hoping to continue on with what I learned going through this to make a full browser based game. Hoping that if I make a habit of posting in the Saturday threads that will help to fill the role of this series in holding me accountable. \n\nThanks to u/KelseyFrog, u/HexDecimal, u/Kyzrati, and u/TStand90 for everything!', 'wpiske']]], ['u/bigbambambam', 'Reasons why firms would buy Celsius:', 31, '2022-08-16 04:52', 'https://www.reddit.com/r/CelsiusNetwork/comments/wpit0u/reasons_why_firms_would_buy_celsius/', '1. Hopium/copium from us who have lost majority of money\n\n2. To acquire a massive user base where 99.9 percent will withdrawal everything and leave at first chance\n\n3. Stake in mining operation (just kidding it would be better to just buy btc)\n\n4. Chance to put krissy mashitsky in her place because she just keeps talking about her “USA strong” company after her husband has literally taken more away from us customers than any non-us company\n\nAnything else I’m missing?', 'https://www.reddit.com/r/CelsiusNetwork/comments/wpit0u/reasons_why_firms_would_buy_celsius/', 'wpit0u', [['u/Physical-State3960', 32, '2022-08-16 05:40', 'https://www.reddit.com/r/CelsiusNetwork/comments/wpit0u/reasons_why_firms_would_buy_celsius/ikh4y0b/', '1) They would become instant "Heros" world wide..\n\n2) Tax benefit?\n\n3) My girlfriend will personally give them a BJ anytime/anywhere.. no questions asked', 'wpit0u'], ['u/... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening:\nPrices:Bitcoin and ether fall slightly, but meme coins continue to rise.\nInsights:Crypto is struggling with a stocks correlation narrative.\nCatch the latest episodes ofCoinDesk TVfor insightful interviews with crypto industry leaders and analysis. Andsign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context.\n●Bitcoin (BTC): $23,870−1.3%\n●Ether (ETH): $1,877−2.0%\n●S&P 500 daily close: 4,305.20+0.2%\n●Gold: $1,790 per troy ounce+0.5%\n●Ten-year Treasury yield daily close: 2.82%+0.03\nBitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found atcoindesk.com/indices.\nBitcoin and Ether Fall, but Meme Coins Are Rallying\nBy James Rubin\nMost major cryptos were on the defensive for a second consecutive day, with bitcoin and ether both trading slightly lower from respective two-plus-month highs they reached less than 48 hours ago.\nBTC was recently changing hands below $24,000 after cracking $25,000 on Sunday and down roughly a percentage point over the past 24 hours. Ether was trading under $1,900 less than two days after breaching $2,000 for the first time since late May, as investors large and small paused from more recent risk-embracing postures.\n"The recent crypto rebound has hit a wall as retail traders continue to lick their wounds and institutions respect key technical levels," Edward Moya, senior market analyst for foreign exchange Oanda, wrote in an email. "Bitcoin can’t yet break above the $25,000 level, but it seems to be maintaining a bullish trajectory here."\nOver the past seven days, ETH has outperformed BTC amid growing anticipation of the Merge, which will shift the Ethereum protocol from proof-of-work to a faster, more energy efficient proof-of-stake protocol. ETH’s total market capitalization is now 50% of BTC’s, approaching levels last seen in January. ETH’s market cap compared to BTC’s indicates the potential for a “flippening” event, where ETH’s total market cap exceeds BTC’s. In a report, FSInsight suggested that ether could approach bitcoin’s market cap over the next 12 months.\n"The upcoming merge has led to elevated trading activity for ETH, especially in the options market, where the open interest surpassed BTC’s for the first time in history," Arcane Research noted in a newsletter.\nOther cryptos were mixed, with popular meme coins DOGE and SHIB continuing their recent surge and rising more than 13% and 3%, respectively. But MANA, YGG and SAND all recently fell more than 2.5%.\nFutures tracking DOGE and SHIB recently had over $25 million in liquidations, data showed, suggesting part of the rally in them has stemmed from futures bets. But the two cryptos\' gains have also been confounding.\nEquities\nStocks were mixed. The Dow Jones Industrial Average (DJIA) was slightly in the green after big box retailers Walmart (WMT) and Home Depot (HD) posted unexpectedly strong second-quarter earnings but the tech-focused Nasdaq down declined a fraction of a percentage point. The tech sector, which has largely correlated with crypto pricing, has been weathering disappointing results from major chip manufacturers.\nStill, a 17-month low in housing starts offered investors the latest hopeful sign that the the U.S. economy was decelerating sufficiently for the Federal Reserve to scale back interest rate hikes at some point over the next six months. A decline in the July Consumer Price Index (CPI) last week suggested that the bank\'s recent monetary hawkishness was slowing inflation. Travis Kling, founder and chief investment officer for Ikigai Asset Management, told "First Mover" on CoinDesk TV that these signs could "bode well for asset prices broadly and for crypto as well."\nCrypto news\nThe fallout from the terraUSD (UST) stablecoin collapse and wide-spreading price declines has slowed this month but is far from over. In anannouncementon its website, cryptocurrency lending platform Hodlnaut said it had filed an application with the Singapore High Court to be put under judicial management, which is a form of protection from creditors. The application was filed on Aug. 13, five days after the companyfroze withdrawals, and will temporarily safeguard the lender from any legal claims.\nHodlnaut is the latest in a long line of crypto companies that have been stung by the recent market downturn, Singapore-based exchange Zipmexreceived creditor protection on Monday, while trading firm Three Arrows Capitalowes billions of dollars to creditorsafter imploding in June due to leverage.\nLater Tuesday, Stronghold Digital Mining (SDIG) said itwas negotiatingwith its lenders over a possible debt restructuring or refinancing agreement that would keep the bitcoin miner afloat. Publicly traded miners have suffered in the bitcoin bear market, with their shares falling more than 60% on average this year, worse than bitcoin itself, which has lost less than half of its value. Stronghold\'s share price has tumbled about 70%.\nAlso Tuesday, Acala’s native stablecoin, aUSD, came close to regaining its peg to the U.S. dollar. The Polkadot-based decentralized finance (DeFi) platform burned over 1.2 billion aUSD tokens that were minted by exploiters over the weekend who took advantage of a bug in one of the platform’s liquidity pools.\nOanda\'s Moya struck an upbeat note despite bitcoin\'s recent retreat, highlighting institutional interest in digital assets. "Pretty much everyone on Wall Street thought that the mid-June lows would get retested for bitcoin, but now it seems this dead cat bounce doesn’t want to stop," he said. "It appears the institutional money is mostly behind this recent rebound, which suggests it could have a better chance of lasting."\n[{"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "+13.7%", "DACS Sector": "Currency"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "+3.5%", "DACS Sector": "Entertainment"}, {"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "+2.8%", "DACS Sector": "Currency"}]\n[{"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22123.0%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "\\u22122.7%", "DACS Sector": "Computing"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22122.5%", "DACS Sector": "Entertainment"}]\nCrypto\'s Struggle With Correlation\nBy Sam Reynolds\nLong ago, crypto was thought of as an asset to use in time of risk. When Cypriot authorities forced the country’s people to take a haircut on deposits in 2013, they turned to bitcoin to preserve wealth.\nNow, things are different. Crypto is a different kind of asset. A risk asset like tech stocks. Not the safe haven it once was.\nNobody knows when this will end, or even if it will return to where it once was.\nIn an email to CoinDesk, Scott Sheridan, CEO of options trading platform Tastyworks, pointed to the bull market’s major equity valuations as a magnet for more capital, which in turn drives up prices. Sheridan, for his part, rejects the idea that crypto can be considered a safe haven given its volatility.\n“Crypto, on the other hand, doesn’t have the same valuation metrics. It’s still in its infancy and so are its valuation models,” he said to CoinDesk via email. “That ambiguity, with respect to valuations, is what allowed for investors to justify chasing prices higher. If I’m right on that, then I would expect the volatility in crypto to outlast the volatility in equities, something you don’t want if you’re seeking a safe haven.”\nCrypto and stocks will rebound together\nSheridan thinks crypto won’t turn around until equities do and market volatility subsides.\n“Once we get back to a VIX [an index measuring volatility] near its mean of 18, then I think you’ll see equity prices stabilize and at that point, you might see crypto stabilize or begin moving higher. Until then, I think the combination of potential alpha in equity markets and the evolving state and subsequent turbulence in crypto are more geared toward speculation than they are sheltered from the storm,” he continued.\n*\nSpeaking at this year’s Consensus festival, Galaxy Digital CEO Mike Novogratz predicted it will be in October when the U.S. Federal Reserve flinches first on raising interest rates. But that all depends on how inflation goes and how economies worldwide respond. With the People’s Bank of China taking aseemingly different approach than the Fed– lowering rates while the Fed raises them – it could be a while before things stabilize.\nU.S. FOMC minutes released\n11 p.m. HKT/SGT(3 p.m. UTC):U.S. FOMC minutes released\n2 p.m. HKT/SGT(6 a.m. UTC):U.K. core consumer price index(July)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nFormer CFTC Commissioner Dawn Stump on Crypto Regulation; Celsius On Pace to Run Out of Cash by October\n"First Mover" spoke with former CFTC Commissioner Dawn Stump on the future of crypto regulation and her new role at crypto risk monitoring firm Solidus Labs. Plus, a closer look at Celsius Network as a new court filing revealed the crypto lender holds $2.8 billion less in crypto than it owes to depositors.\nCrypto Twitter Sees \'Bearish Wedge\' Pattern in Bitcoin\'s Price Recovery:The rising wedge – a pattern that has appeared in bitcoin\'s price charts – has some analysts and traders calling for a renewed sell-off toward $16,400.\nJump Crypto Picked to Revamp Solana to Make Blockchain More Reliable:The crypto trading firm and builder is reupping its commitment after the once-hot blockchain hit potholes.\nAcala Stablecoins Near $1 Peg After Community Burns 1.2B aUSD Minted by Exploiters:Developers said trace reports were underway to identify the transactions performed by the 16 wallet addresses connected to the exploit.\nUS Fed Opens Last 60 Days of Bitcoin's Closing Prices:** [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-08-17 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $458,492,368,596 - Hash Rate: 180673577.3340092 - Transaction Count: 256127.0 - Unique Addresses: 648642.0 Social & AI Sentiment: - Fear & Greed Index: 0.41 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Ethereum (ETH) hit a high of US$1,610 on Tuesday morning in Asia, before retracing to trade at US$1,521 at press time,according to data from CoinMarketCap. See related article:Three Arrows, Voyager failures raise questions of who is next in crypto fall from grace • The world’s second-largest cryptocurrency by market capitalization was up over 26.6% since Saturday in its surge to “The Merge,” the blockchain’shighly anticipated moveto proof of stake, tentatively set for Sept. 19. • Ethereum Classic (ETC) was the day’s biggest winner among the top 100 cryptocurrencies at Tuesday morning trading in Asia, gaining 22% over the past day. • Bitcoin was trading at US$22,071, up about 3.59% over the past 24 hours, according to CoinMarketCap data, extending a cryptocurrency rally that started on Sunday. • Major cryptocurrencies and traditional markets have been battlingconcernsof rising inflation, a possible recession, uncertainty caused by the war in Ukraine and a growing list of crypto firms lining up for bankruptcy. See related article:Bitcoin, Ethereum rebound pulls back amid worries of BTC dump from Mt. Gox, Celsius... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin and Ether fell in Thursday morning trading in Asia, along with all other cryptocurrencies on the top 10 list by capitalization, with the exception of XRP.\xa0 U.S. equities were weaker overnight as Federal Open Market Committee minutes released on Wednesday indicated interest rates in the U.S. will continue rising until inflation is brought under control.\nSee related article:Markets: Bitcoin, Ether little changed; DOGE, XRP climb in Asia afternoon trade\n• Bitcoin was trading at US$23,347, off 2.16% in the past 24 hours as of 8 a.m. in Hong Kong, while Ether was down 2.2% at US$1,835, according todata from CoinMarketCap.\n• XRP was the only cryptocurrency in CoinMarketCap’s top 10 to buck the trend, gaining 0.7% to US$0.38 after the token’s issuer, Ripple,was named amongthe Inc. 5,000 fastest growing private U.S. companies.\n• Dogecoin saw the heaviest losses among the top 10, dropping 7.4% to US$0.08. Shiba Inu token also fell 6.5% to US$$0.00001478.\n• The U.S. Federal Open Market Committeeminutes from its July meeting— in which interest rates were raised 0.75% — showed Federal Reserve officials are unlikely to consider ending a spate of interest rate increases until inflation is back under control. Interest rates in the U.S. are currently around 2.25% – 2.5%, which the meeting participants generally agreed was a “neutral range.”\n• Recent Consumer Price Index data did indicateU.S. inflation is easing, rising 8.5% on the year in July, down from the 9.1% seen in June.\n• U.S. equities also pulled back yesterday; the Dow Jones Industrial Average closed down 0.5%, the S&P 500 Index lost 0.7% and the Nasdaq Composite Index finished off 1.25%. Investors are also nervous about China’s economy amid slower-than-expected industrial output in July and a worrying downtrend in real estate prices.\nSee related article:China’s zero-Covid policy realigning global economy, financial markets', 'Bitcoin and Ether fell in Thursday morning trading in Asia, along with all other cryptocurrencies on the top 10 list by capitalization, with the exception of XRP.\xa0 U.S. equities were weaker overnight as Federal Open Market Committee minutes released on Wednesday indicated interest rates in the U.S. will continue rising until inflation is brought under control. See related article: Markets: Bitcoin, Ether little changed; DOGE, XRP climb in Asia afternoon trade Fast facts Bitcoin was trading at US$23,347, off 2.16% in the past 24 hours as of 8 a.m. in Hong Kong, while Ether was down 2.2% at US$1,835, according to data from CoinMarketCap . XRP was the only cryptocurrency in CoinMarketCap’s top 10 to buck the trend, gaining 0.7% to US$0.38 after the token’s issuer, Ripple, was named among the Inc. 5,000 fastest growing private U.S. companies. Dogecoin saw the heaviest losses among the top 10, dropping 7.4% to US$0.08. Shiba Inu token also fell 6.5% to US$$0.00001478. The U.S. Federal Open Market Committee minutes from its July meeting — in which interest rates were raised 0.75% — showed Federal Reserve officials are unlikely to consider ending a spate of interest rate increases until inflation is back under control. Interest rates in the U.S. are currently around 2.25% – 2.5%, which the meeting participants generally agreed was a “neutral range.” Recent Consumer Price Index data did indicate U.S. inflation is easing , rising 8.5% on the year in July, down from the 9.1% seen in June. U.S. equities also pulled back yesterday; the Dow Jones Industrial Average closed down 0.5%, the S&P 500 Index lost 0.7% and the Nasdaq Composite Index finished off 1.25%. Investors are also nervous about China’s economy amid slower-than-expected industrial output in July and a worrying downtrend in real estate prices. See related article: China’s zero-Covid policy realigning global economy, financial markets', 'Bitcoin and Ether fell in Thursday morning trading in Asia, along with all other cryptocurrencies on the top 10 list by capitalization, with the exception of XRP.\xa0 U.S. equities were weaker overnight as Federal Open Market Committee minutes released on Wednesday indicated interest rates in the U.S. will continue rising until inflation is brought under control.\nSee related article:Markets: Bitcoin, Ether little changed; DOGE, XRP climb in Asia afternoon trade\n• Bitcoin was trading at US$23,347, off 2.16% in the past 24 hours as of 8 a.m. in Hong Kong, while Ether was down 2.2% at US$1,835, according todata from CoinMarketCap.\n• XRP was the only cryptocurrency in CoinMarketCap’s top 10 to buck the trend, gaining 0.7% to US$0.38 after the token’s issuer, Ripple,was named amongthe Inc. 5,000 fastest growing private U.S. companies.\n• Dogecoin saw the heaviest losses among the top 10, dropping 7.4% to US$0.08. Shiba Inu token also fell 6.5% to US$$0.00001478.\n• The U.S. Federal Open Market Committeeminutes from its July meeting— in which interest rates were raised 0.75% — showed Federal Reserve officials are unlikely to consider ending a spate of interest rate increases until inflation is back under control. Interest rates in the U.S. are currently around 2.25% – 2.5%, which the meeting participants generally agreed was a “neutral range.”\n• Recent Consumer Price Index data did indicateU.S. inflation is easing, rising 8.5% on the year in July, down from the 9.1% seen in June.\n• U.S. equities also pulled back yesterday; the Dow Jones Industrial Average closed down 0.5%, the S&P 500 Index lost 0.7% and the Nasdaq Composite Index finished off 1.25%. Investors are also nervous about China’s economy amid slower-than-expected industrial output in July and a worrying downtrend in real estate prices.\nSee related article:China’s zero-Covid policy realigning global economy, financial markets', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin and ether have lost their momentum.\nInsights:A recent surge in the price of the Celsius Network\'s CEL has puzzled many observers.\nCatch the latest episodes ofCoinDesk TVfor insightful interviews with crypto industry leaders and analysis. Andsign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context.\n●Bitcoin (BTC): $23,433−2.5%\n●Ether (ETH): $1,845−2.8%\n●S&P 500 daily close: 4,274.04−0.7%\n●Gold: $1,780 per troy ounce+0.4%\n●Ten-year Treasury yield daily close: 2.89%+0.07\nBitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found atcoindesk.com/indices.\nBitcoin and Ether Fall Again\nBy James Rubin\nWhat happened to the rally?\nBitcoin and ether dropped for a fourth straight day as investors continued to puzzle over recent, often opposing economic indicators and corporate earnings reports. On Wednesday, markets wrestled with U.S. Federal Reserve\'s minutes from last month\'s meeting of its Federal Open Market Committee (FOMC), which in central bankers\' typically obtuse language indicated that the Fed would continue raising interest rates but seemed open to downward adjustments in the near future.\nCryptos already bleeding red initially responded with a big shrug.\nBTC was recently trading at about $23,400, down about 2.5% over the past 24 hours and well off the $25,000 level it reached on Sunday for the first time since late spring. ETH was recently trading hands at about $1,850, off roughly 2.8% over the same period after topping $2,000 multiple times over the past week.\nThe second-largest cryptocurrency by market capitalization has been soaring in recent weeks amid hot anticipation of the Merge, which will shift the Ethereum blockchain from proof-of-work to the faster, more energy efficient proof-of-stake protocol. Other cryptos were largely in the red. AAVE was down more than 8% at one point, and the popular meme coins, DOGE and SHIB, which had surged over the past few days, were each off more than 5%.\n"In the last 24 hours, we\'ve had a little bit of a pullback," Joe Orsini, director of research at Eaglebrook Advisors, told CoinDesk TV\'s "First Mover" program. "When you consider the move that\'s been made with bitcoin up around 30% from June 18 lows, ether up about 115%, profit taking without FOMO, and some traders kind of taking some off the table makes sense. It doesn\'t change the long-term story [of] $25,000; regaining that level should provide some psychological positivity around the market."\nOrsini added: "Things under the surface in the macro situation, have started to feel like they are improving. I wouldn\'t take too much into the short-term price action. We\'ve had a great bounce. And let\'s see what could happen over this quarter.\nEquities\nStocks also slogged through a dreary day with the technology-focused Nasdaq tumbling 1.2% and the S&P 500, which has a strong tech component, and Dow Jones Industrial Average (DJIA) declining 0.5% and 0.7%, respectively. Equity markets that have roared back to life amid faint hopes that the Federal Reserve\'s recent monetary hawkishness was subduing inflation without casting the economy into steep recession have lost momentum this week as investors chewed on the latest economic signs.\nU.S. retail sales ticked up slightly in July, a reflection of falling gas prices that encouraged consumers to continue shopping despite ongoing inflation. The retail figure also suggests that even if the economy is slowing, it remains strong. Gas has fallen to $4 a gallon from $5 over the last month, a 20% decline.\nCrypto news\nThe crypto industry continues to struggle with misleading and sometimes inaccurate information. Late Wednesday, the native token for Ethereum layer 2 blockchain Optimism brieflycrashed in priceon after Twitter-based rumors spread that its multisignature wallet had been hacked.\nOptimism’s core team insisted there was no hack. Still, the OP token fell 10% in a matter of minutes at 5:15 p.m. ET, accor Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-08-18 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $448,580,313,800 - Hash Rate: 202403376.0331685 - Transaction Count: 291921.0 - Unique Addresses: 685923.0 Social & AI Sentiment: - Fear & Greed Index: 0.30 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Afterpay, a subsidiary company of financial technology (fintech) giantBlock(NYSE:SQ), is engaged in a potentially game-changing collaboration withRite Aid(NYSE:RAD). However, the trading community doesn’t seem to appreciate how important this event is. So, now is a great time to take a long position in SQ stock. To different people, Block is known for different things. Some folks think of Block as the company formerly known as Square and as the company that brought the Cash App to the fintech market. Others might consider Block as a business with significant interests in thecryptocurrencyand blockchain spaces. These are all valid viewpoints. However, let’s not forget that Block also owns “buy now, pay later” (BNPL) company Afterpay. As Afterpay works closely with a retail pharmacy giant, all of the stakeholders should benefit in the long run. InvestorPlace - Stock Market News, Stock Advice & Trading Tips [{"Ticker": "SQ", "Company": "Block, Inc.", "Price": "$63.69"}] Perhaps it’s because cryptocurrency prices crumbled not long ago. Or maybe it’s due to the beatdown of technology-related stocks during 2022’s first half. For whatever reason, SQ stock has declined from nearly $300 almost a year ago to around $60 recently. • 7 Growth Stocks to Buy for a Rich Retirement That’s quite a steep discount. Should Block shares trade at such a comparatively low price point, even while the company is demonstrating fiscal growth? Just because Wall Street doesn’t favor crypto and tech stocks right now doesn’t mean that investors should shun Block. Consider that Blockgenerated gross profitof $1.29 billion, up 34% year-over-year, during 2022’s first quarter. Drilling down to specific company segments, Cash App’s gross profit of $624 million was up 26%, while Square’s gross profit of $661 million represented a 41% increase. Perhaps the most significant event during Block’s first quarter of the year, however, was the acquisition of Afterpay. This buyout was finalized on Jan. 31. As a result, Block staked its claim in the potentially lucrative BNPL space. One particular development should convince the skeptics that Afterpay could be a major revenue generator for Block. Reportedly, Rite Aid’s online shoppers will now have “anew way to payfor everyday items in four installments at no additional cost when you pay on time.” Not only is Rite Aid allowing its customers to use Afterpay on purchases made onlineon its website, but the drugstore giant also plans to “roll out its flexible payment option in stores nationwide in the coming months.” It’s a match made in heaven, really, as today’s online shoppers have come to expect flexible payment options at the point of sale. Indeed, the press release specifically cites the potential connection to younger shoppers, saying, “With nearly 70% […] of Afterpay’s highly-engaged network of digitally-native Gen Z and Millennial customers, Rite Aid can expect to see a new generation of consumers shopping online using BNPL.” Is the market failing to appreciate the growth potential of the BNPL space, or of Afterpay’s role within it? If so, then there’s a tremendous buying opportunity today with SQ stock. Thus, enterprising investors can swoop in and grab a few shares while they’re still priced at a discount. The message to the critics is crystal-clear: Now is the time to get over your emotional block and take a chance on Block. On the date of publication, David Moadeldid not have (either directly or indirectly) any positions in the securities mentioned in this article.The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. • $200 Oil Sooner Than You Think – Buy This Now • The Best $1 Investment You Can Make Today • Early Bitcoin Millionaire Reveals His Next Big Crypto Trade “On Air” • It doesn’t matter if you have $500 in savings or $5 million. Do this now. The postBlock Stock Traders Are Ignoring the Rite-Aid Collab, but Shouldn’tappeared first onInvestorPlace.... - Reddit Posts (Sample): [['u/aFungible', 'This is how much you can earn per day, with mining Monero!', 91, '2022-08-18 00:46', 'https://www.reddit.com/r/Monero/comments/wr2ll0/this_is_how_much_you_can_earn_per_day_with_mining/', 'PURE NON-TECHNICAL POST FOR LAYMAN\n\nJust wanted to share some knowledge. I did some calculation for the past 24 hours to determine various statistic of blocks. I hope below helps all to get some perspective on how the calculations are done.\n\nThere are 1440 minutes a day (duh!). Every 2 minutes, a block is mined. So, \\~720 blocks are mined per day. Every block fills in a number of transactions. And it is the job of miners, to validate a block & add it to the Monero blockchain and they are rewarded:\n\n>WHEN MINER MINES A BLOCK (he gets..) = Base block reward (0.6 XMR/block) + (total fee of every transaction in that block)\n\n&#x200B;\n\n[Example of blocks mined by a miner](https://preview.redd.it/z9pnpdjccdi91.png?width=868&format=png&auto=webp&s=f20288a734c5d01852e2b0c30649aef08b52eab9)\n\nIn the last 24 hours, Monero miners earned:\n\n* \\~435.5 XMR (\\~$73,000) for validating 26,376 transactions\n* Added 63 MB to blockchain.\n\nRewards:\n\n* Fees alone: \\~3.5 XMR\n* Block reward: \\~432 XMR (this will remain constant forever, due to tail emission of 0.6 XMR/block)\n\nUsers pay for space (in kB), not really for a transaction. Each transaction is \\~1.5 KB - \\~101 KB . S, what makes a transaction small or heavy? It is depending on "how many outputs" it has combined for spending. On average a transaction is \\~2.4 KB.\n\n63743049 bytes / 26,404 transactions = \\~2.4 KB (last 24 hrs)\n\n*Example:\n\nEvery time you receive money into your monero wallet, creates "one output". Every time you spend money from your wallet, you use "one or more" of those existing outputs. As its called "UTXO" in Bitcoin terminology (unspent transaction output).\n\nYou combine "multiple outputs" when say, you spend 1 XMR, but you have 10 outputs of 0.1 XMR in your wallet. These are combined to provide a transaction. Thereby, making the transaction 10 times the smallest size possible (in kB), making it more expensive for the user. OR lets say, you send all your balances in your wallet - back to your own wallet or another wallet address (here, all outputs in your sender\'s wallet will be combined into one or more, and sent to destination wallet, thus making transaction heavier, thus costlier (relatively speaking, though still may be a few $ cents).\n\n&#x200B;\n\n[Block stats of past 24 hours](https://preview.redd.it/5q5100nsoci91.png?width=538&format=png&auto=webp&s=0ec2488b325a289c7990627ab1a1f3b768d1a4f3)\n\nDynamic Block Sizing:\n\nNormal situation: Up to 300kB per block \\[ Total reward: 0.6 XMR/block + total fee earned for all transactions in this block \\]. If miner tries smart by adding more transactions to a block, then he is penalized by reducing the base block reward (0.6 XMR), unless he can compensate this reduction by greater transaction fee (he can\'t act too smart).\n\nNormally, miners don\'t extend the block beyond 300kB (unless transaction fees are REALLY JUICY). Currently, you see the average of past 720 blocks is 88 KB.\n\nWhen the average of the past 100 blocks* becomes \\~300kB, then something called "dynamic block sizing" kicks in. In dynamic block sizing, miners can sweetly extend beyond 300kB until 600kB, without incurring any penalty of base block reward (0.6 XMR). Thereby, adding more transactions/block. This also helps miners earn more. Adoption is thus, the key for miner earnings!\n\nAmazing right?\n\nEDIT: Now, to the main question. How much can you earn with mining?\n\nDivide the total earnings/day by the mining network hashrate of \\~2.5 GHz\n\n>= \\~435.5 XMR / 2.5 GHz \n> \n>= \\~0.0000001742 XMR per Hash/s \n> \n>= \\~0.0001742 XMR for 1 KH/s per day \n> \n>= \\~0.063583 XMR per year, for 1 KH/s mining power maintained through the year, irrespective of XMR price.\n\nSo, for mining with 1 KH/s CPU retained for a year, you\'d earn \\~0.06 XMR on average, for that year. This is with the assumption you\'re on a mining pool, e.g. P2Pool. If you solo mine, you could earn less or more (if you\'re lucky, you have 0 or multiple 0.6 XMR block reward to your name).\n\nDrop a comment, if you learnt something new.\n\nCheers!\n\n&#x200B;', 'https://www.reddit.com/r/Monero/comments/wr2ll0/this_is_how_much_you_can_earn_per_day_with_mining/', 'wr2ll0', [['u/JuiceColdman', 64, '2022-08-18 03:40', 'https://www.reddit.com/r/Monero/comments/wr2ll0/this_is_how_much_you_can_earn_per_day_with_mining/ikqmwu0/', 'But how much can you earn per day lol', 'wr2ll0'], ['u/aFungible', 25, '2022-08-18 03:53', 'https://www.reddit.com/r/Monero/comments/wr2ll0/this_is_how_much_you_can_earn_per_day_with_mining/ikqonpm/', 'Divide the total earnings/day by the mining network hashrate of ~2.5 GHz\n\n= ~435.5 XMR / 2.5 GHz\n\n= ~0.0000001742 XMR per Hash/s\n\n= ~0.0001742 XMR for 1 KH/s per day\n\n= ~0.063583 XMR per year, for 1 KH/s mining power maintained through the year, irrespective of XMR price.', 'wr2ll0'], ['u/BeerIsGoodForSoul', 15, '2022-08-18 04:15', 'https://www.reddit.com/r/Monero/comments/wr2ll0/this_is_how_much_you_can_earn_per_day_with_mining/ikqrq7r/', "Lol'ing if this is satire.\n\nOtherwise monero uses CPU's to mine", 'wr2ll0']]], ['u/cryptocrat007', 'To pay or not to pay?', 84, '2022-08-18 00:47', 'https://www.reddit.com/r/CelsiusNetwork/comments/wr2mi2/to_pay_or_not_to_pay/', 'I took out a 125K loan in USDC last year and have over 15 BTC posted as collateral. My whole life savings are stuck in Celsius. I don’t know what to tell my wife and kids.\nI never missed any interest payment and now the loan will come due in a few weeks and I don’t know what to do. Celsius wants me to repay the 125K with a wire transfer and that’s money I don’t have. Of course they could just sell 5 of the BTC that’s locked as collateral and repay the loan, leaving me with 10 BTC as per the original loan agreement. Now they’ve changed the terms and I’m not sure what to do. Do I try to take out a loan from a fiat bank and repay it? \nI’d gladly try that option if I’d get my 15 BTC back but I’m afraid of getting sucked into even more debt and never getting my crypto collateral back. What are other people that are in similar dire straits doing?', 'https://www.reddit.com/r/CelsiusNetwork/comments/wr2mi2/to_pay_or_not_to_pay/', 'wr2mi2', [['u/slugur', 97, '2022-08-18 01:02', 'https://www.reddit.com/r/CelsiusNetwork/comments/wr2mi2/to_pay_or_not_to_pay/ikq17su/', "Ok suddenly, I don't feel so bad about my 2 BTC collateral.\n\nI am so sorry about your situation. \n\nAs for me, I am not paying them shit when my loan matures. If they are not returning my BTC, they will not get a penny back in fiat either.", 'wr2mi2'], ['u/Evilgood1', 25, '2022-08-18 01:02', 'https://www.reddit.com/r/CelsiusNetwork/comments/wr2mi2/to_pay_or_not_to_pay/ikq19on/', 'Your 15 BTC is gone, so dont send more money to these scammers.', 'wr2mi2'], ['u/Tr0th', 24, '2022-08-18 01:07', 'https://www.reddit.com/r/CelsiusNetwork/comments/wr2mi2/to_pay_or_not_to_pay/ikq1yhn/', 'There isn’t enough clarity as to how loan collateral is going to be viewed relative to the rest of the bankruptcy estate to make a reasonable decision on loan repayment at this time. It is my personal opinion that taking out a fiat loan to pay off your crypto loan could be dangerous without first receiving such clarity from the court. Maybe wait a month and see where things are.', 'wr2mi2'], ['u/cryptocrat007', 26, '2022-08-18 01:21', 'https://www.reddit.com/r/CelsiusNetwork/comments/wr2mi2/to_pay_or_not_to_pay/ikq3toa/', 'Thanks for the nice words folks.\nI probably need to get a good lawyer since my family’s future is on the line. Any recommendations?', 'wr2mi2'], ['u/joekercom', 146, '2022-08-18 01:44', 'https://www.reddit.com/r/CelsiusNetwork/comments/wr2mi2/to_pay_or_not_to_pay/ikq71rq/', 'DO NOT TAKE OUT a loan to repay it. They have your collateral, the agreement you had at the time the loan was taken is what counts', 'wr2mi2'], ['u/meep185', 39, '2022-08-18 01:55', 'https://www.reddit.com/r/CelsiusNetwork/comments/wr2mi2/to_pay_or_not_to_pay/ikq8mty/', "I'm in a similar situation, but my outstanding loan is far less and doesn't mature till October. I definitely won't be sending them any money until there's some ruling in the bankruptcy court on what will happen to it. Personally, I would try to extend the loan for as long as I can, and when that runs out just let them take the principal out of your collateral. Then cross your fingers that the remaining collateral will go back into Earn like it should and be treated like other Earn creditors in the bankruptcy.\n\nI wouldn't hire a lawyer at this point. All they will do is charge you a lot of money to tell you a bunch of maybes. Everyone's hands are tied until the bankruptcy/restructuring plan plays out.", 'wr2mi2'], ['u/Humanoid-Person', 16, '2022-08-18 02:01', 'https://www.reddit.com/r/CelsiusNetwork/comments/wr2mi2/to_pay_or_not_to_pay/ikq9ci9/', "Weren't liquidations frozen as part of the proceedings?", 'wr2mi2'], ['u/SydZzZ', 27, '2022-08-18 02:17', 'https://www.reddit.com/r/CelsiusNetwork/comments/wr2mi2/to_pay_or_not_to_pay/ikqblcc/', 'I suddenly don’t feel bad for my 0.3 BTC collateral lol. Pain is relative', 'wr2mi2'], ['u/random869', 22, '2022-08-18 02:21', 'https://www.reddit.com/r/CelsiusNetwork/comments/wr2mi2/to_pay_or_not_to_pay/ikqc796/', 'why are you even considering wiring them more money? Let them have the collateral, at least you were able to get something from them before they lost our money', 'wr2mi2'], ['u/SealFlavor', 26, '2022-08-18 02:23', 'https://www.reddit.com/r/CelsiusNetwork/comments/wr2mi2/to_pay_or_not_to_pay/ikqchfg/', "They don't have your BTC anymore so don't pay them anything, at least not n... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin and Ether continued their weekly slide, while all other top 10 cryptocurrencies by market capitalization fell in Friday morning trading in Asia. The world\x92s number one cryptocurrency fell below US$23,000 for the first time in over a week. Investors remain tentative about macroeconomic trends \x96 inflation and interest rates in the U.S. and a slowing economy in China. See related article: Markets: Bitcoin, Ether fall; Solana, DOGE extend their declines Fast facts Bitcoin fell 1.4% in the past 24 hours to trade at US$22,992 as of 8:30 a.m. in Hong Kong. Ether was changing hands at US$1,821, down 0.4%, according to data from CoinMarketCap . Bitcoin has dropped more than 4% over the past 7 days, while Ether is down 3% in the same period. Dogecoin, the memecoin that sits in the last spot in CoinMarketCap\x92s top 10, fell 7.1% to US$0.074. Less than US$1 billion in capitalization now separates Dogecoin and Polkadot in slot 11, so they may soon be swapping places, though Polkadot was down 4.5% to US$7.9 in early Asia trading. Another memecoin, Shiba Inu, fell 9.2% to US$0.0000134. \x93Even though we might think of it as a joke [memecoins are] such a great tool for capturing people\x92s imagination,\x94 Igneus Terrenus, head of communications at Singapore-based crypto exchange Bybit, told Forkast in an interview , adding that capital investment then follows. U.S. equities markets were largely little changed. The Dow Jones Industrial Average closed up less than 0.1% while the S&P 500 Index and the Nasdaq Composite Index both added 0.2% in Thursday trading. The release of the Federal Open Market Committee July meeting minutes this week indicates the U.S. Federal Reserve looks set to raise interest rates again at its next meeting in September, not a good omen for equity investors and by extension crypto markets. The minutes showed the Fed remains focused on taming inflation and rate hikes are the main tool in its bag. China\x92s poor economic outlook is also causing concern for investors as the world\x92s second-largest economy has seen a slump in its real estate market and industrial output. Chinese Premier Li Keqiang met with top officials earlier in the week and urged them to support local businesses. See related article: Chandler Guo tells why he is the man who would hard fork Ethereum', 'Bitcoin and Ether continued their weekly slide, while all other top 10 cryptocurrencies by market capitalization fell in Friday morning trading in Asia. The world’s number one cryptocurrency fell below US$23,000 for the first time in over a week. Investors remain tentative about macroeconomic trends – inflation and interest rates in the U.S. and a slowing economy in China.\nSee related article:Markets: Bitcoin, Ether fall; Solana, DOGE extend their declines\n• Bitcoin fell 1.4% in the past 24 hours to trade at US$22,992 as of 8:30 a.m. in Hong Kong. Ether was changing hands at US$1,821, down 0.4%, according todata from CoinMarketCap. Bitcoin has dropped more than 4% over the past 7 days, while Ether is down 3% in the same period.\n• Dogecoin, the memecoin that sits in the last spot in CoinMarketCap’s top 10, fell 7.1% to US$0.074. Less than US$1 billion in capitalization now separates Dogecoin and Polkadot in slot 11, so they may soon be swapping places, though Polkadot was down 4.5% to US$7.9 in early Asia trading. Another memecoin, Shiba Inu, fell 9.2% to US$0.0000134.\n• “Even though we might think of it as a joke [memecoins are] such a great tool for capturing people’s imagination,” Igneus Terrenus, head of communications at Singapore-based crypto exchange Bybit, toldForkast in an interview, adding that capital investment then follows.\n• U.S. equities markets were largely little changed. The Dow Jones Industrial Average closed up less than 0.1% while the S&P 500 Index and the Nasdaq Composite Index both added 0.2% in Thursday trading.\n• Thereleaseof the Federal Open Market Committee July meeting minutes this week indicates the U.S. Federal Reserve looks set to raise interest rates again at its next meeting in September, not a good omen for equity investors and by extension crypto markets. The minutes showed the Fed remains focused on taming inflation and rate hikes are the main tool in its bag.\n• China’s poor economic outlook is also causing concern for investors as the world’s second-largest economy has seen a slump in its real estate market and industrial output. Chinese Premier Li Keqiangmet with top officialsearlier in the week and urged them to support local businesses.\nSee related article:Chandler Guo tells why he is the man who would hard fork Ethereum', 'Bitcoin and Ether continued their weekly slide, while all other top 10 cryptocurrencies by market capitalization fell in Friday morning trading in Asia. The world’s number one cryptocurrency fell below US$23,000 for the first time in over a week. Investors remain tentative about macroeconomic trends – inflation and interest rates in the U.S. and a slowing economy in China.\nSee related article:Markets: Bitcoin, Ether fall; Solana, DOGE extend their declines\n• Bitcoin fell 1.4% in the past 24 hours to trade at US$22,992 as of 8:30 a.m. in Hong Kong. Ether was changing hands at US$1,821, down 0.4%, according todata from CoinMarketCap. Bitcoin has dropped more than 4% over the past 7 days, while Ether is down 3% in the same period.\n• Dogecoin, the memecoin that sits in the last spot in CoinMarketCap’s top 10, fell 7.1% to US$0.074. Less than US$1 billion in capitalization now separates Dogecoin and Polkadot in slot 11, so they may soon be swapping places, though Polkadot was down 4.5% to US$7.9 in early Asia trading. Another memecoin, Shiba Inu, fell 9.2% to US$0.0000134.\n• “Even though we might think of it as a joke [memecoins are] such a great tool for capturing people’s imagination,” Igneus Terrenus, head of communications at Singapore-based crypto exchange Bybit, toldForkast in an interview, adding that capital investment then follows.\n• U.S. equities markets were largely little changed. The Dow Jones Industrial Average closed up less than 0.1% while the S&P 500 Index and the Nasdaq Composite Index both added 0.2% in Thursday trading.\n• Thereleaseof the Federal Open Market Committee July meeting minutes this week indicates the U.S. Federal Reserve looks set to raise interest rates again at its next meeting in September, not a good omen for equity investors and by extension crypto markets. The minutes showed the Fed remains focused on taming inflation and rate hikes are the main tool in its bag.\n• China’s poor economic outlook is also causing concern for investors as the world’s second-largest economy has seen a slump in its real estate market and industrial output. Chinese Premier Li Keqiangmet with top officialsearlier in the week and urged them to support local businesses.\nSee related article:Chandler Guo tells why he is the man who would hard fork Ethereum', 'Good morning. Here’s what’s happening: Prices: Bitcoin rose slightly to break a four-day losing streak; ether also climbed. Insights: South Korea has growing crypto community that is still trying to make sense of the Terra debacle and other issues affecting the industry. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. And sign up for First Mover , our daily newsletter putting the latest moves in crypto markets in context. Prices ● Bitcoin ( BTC ): $22,802 −2.6% ● Ether ( ETH ): $1,813 −1.8% ● S&P 500 daily close: 4,283.74 +0.2% ● Gold: $1,770 per troy ounce +0.5% ● Ten-year Treasury yield daily close: 2.88% −0.01 Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found at coindesk.com/indices. Bitcoin Breaks Its Losing Streak By James Rubin Cryptos spent most of Thursday on the upswing before sinking late in the day. Bitcoin was recently trading at about $22,800, down about 2.5% over the past 24 hours. The largest cryptocurrency by market capitalization which has spiraled downward after reaching a two-month high above $25,000 last weekend. Late Wednesday, BTC fell below a bullish trendline after the release of minutes from the last Federal Open Market Committee (FOMC) meeting showed U.S. central bankers unlikely to lighten their current monetary hawkishness. The Fed Reserve has raised interest rates a hefty 75 basis points at each of its last two meetings as it aims to suppress high inflation. Ether, the second-largest crypto by market value behind BTC, was recently changing hands just above $1,800, also down more than 2% from Wednesday and far removed from the $2,000 level perch it was still flirting with late Sunday. Merge excitement has tapered off in recent days. Story continues "Bitcoin is range bound at the moment," said Nauman Sheikh, managing director at investment advisors Wave Financial, told CoinDesk TV\'s "First Mover" program. "It\'s hit a $25,000, sort of resistance level. So has Ethereum hit a $2,000 resistance level. We\'re in a mode where the macro environment is supportive of the market, and we\'ll retest those resistance levels and hopefully break." Major altcoins that spent much of Thursday in promising territory also dove downward late in the day with YGG and OP recently plunging more than 14% and 13%. Popular meme coins DOGE and SHIB continued their retreat from early-week euphoria that sent their prices up double-digits with each recently sinking more than 10%. Major equity traded sideways with the tech-focused Nasdaq and S&P 500 each rising a fraction of a percentage point as investors continued to weigh economic indicators and earnings that has often pointed in conflicting directions. On Thursday, the National Association of Realtors reported a sixth consecutive monthly decline in housing starts adding evide Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-08-19 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $409,292,283,675 - Hash Rate: 250867150.7861116 - Transaction Count: 279910.0 - Unique Addresses: 736405.0 Social & AI Sentiment: - Fear & Greed Index: 0.33 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: CHICAGO, IL / ACCESSWIRE / July 6, 2022 / The data industry has rapidly grown over the last decade and shows no sign of stopping. This growth represents an opportunity for innovation and new technological solutions to help data producers and consumers understand and control their usage, especially in the finance and entertainment industries. While the current ecosystem definitely works, it could be exponentially more efficient. Through new technologies, producers can tie revenue to data use, while enabling data consumers to buy only the data they need, without paying for data they don't want or having to worry about costly audits. An Executive Perspective While many executives in finance and entertainment spaces don't realize how beneficial data tracking could be, a small handful are leading the charge in creating change by looking forward rather than being satisfied with the current way data moves and is accounted for. Indeed, leaders who reject archaic ways of working with data are crucial to the future success of companies as the value of data becomes more and more central. After conducting interviews with a range of data executives, several main factors contributing to this perspective shift became clear. "Data, like other software applications, has network effects," explained Gregory Alan Bolcer, Chief Data Officer of third-party risk discovery data startup Bitvore. "The more data from more diverse sources you put together, and understanding how they correlate, the more value you can extract. Yet many content publishers don't understand the value of the data they already have, and are both resistant to change and hugely protective of their data. The issues around content distribution and decentralization didn't have a solution until recently." There's a clear need for new technology to enable people to better secure their data, according to Elliot Banks, Chief Product Officer of data-driven fintech BMLL Technologies. "As a FinTech, we're not averse to utilizing the latest technologies and tools to help make our product as secure and as available as possible. From our side, we see data security and ease of data management as a priority for our customers and we continue to leverage technologies to achieve this. Any tools that make the signup and licensing agreement process more straightforward - a process that we think will continue to remain a critical topic - is going to be hugely valuable from a security and entitlement perspective." Particularly key to this forward-thinking approach to using data is the idea of data immutability. This refers to the concept that data cannot or should not be overwritten when new data is available - similar to how medical databases often keep a full record of all data concerning a patient's health history, for example. For Dirk Anderson, Chief Information Officer of Bitcoin and crypto-backed loan platform SALT Lending, it all comes down to data integrity. "Immutability has integrity - it gives you that assurance that the data you're looking at is accurate, and that it's what was there in the first place. While decentralization isn't required for immutability, it definitely helps. In our context, KYC and AML data is frequently audited and one of the most restricted data types from a privacy perspective. A blockchain-based approach can help answer two main questions: how do we create pathways for data to flow and be analyzed in a way where it can be trusted, and how do we prevent the wrong people from accessing it?" Story continues "A major problem for any organization, regardless of size, is knowing where non-public and sensitive data reside within your data ecosystem," said Dirce Hernandez, vice-chair of the FS-ISAC Insider Threat Working Group. "If you have a foolproof method of making sure that the data you're reporting is accurate, validated, and true - and can prove it - it's going to be great for your business. It reduces your liability for data breaches, or bad intent, or data misuse. It does this not just by shifting responsibility, but also by making sure that at any given point you can lock down your data and account for how it's being represented and identified." It's not just the tech world that stands to gain from this, either, but the entertainment world too. "When you work on a movie for 4 years like Dune, you start to understand why the industry needs a better tool that can provide greater security, access control and immutable logging," added Cody Lassiter, former Content Protection Executive at Legendary. The new direction data producers and consumers are beginning to take comes with its fair share of challenges. Armin Kech, Head Data Governance at MBC Group, brings up the idea of transparency. "One major challenge for every company is having transparency over its Data Assets. Like many others, we are a fragmented enterprise, with many departments and entities resulting in data silos. This makes it very challenging to receive a 360-degree view of our data, or understand, for example, what kind of data we have in our landscape, and how this data flows throughout our enterprise - the data lineage. Knowing the data flows is particularly important when it comes to international transfer of Personal Data. Data Protection regulations across the globe pay great attention to data transfer across international borders. Therefore, being able to ensure traceability - by usage, and not as a flat subscription - makes perfect sense." About Tractiv Tractiv, Thursday, July 7, 2022, Press release picture Tractiv was founded by Drew Orsinger, SpaceX's former Chief Security Officer, to create trust between two parties with regard to controlling and exchanging proprietary data by harnessing the power of immutable data. Their proven technology enables immutable tracing and data delivery for data providers, and empowers data consumers with the ability to understand where and how their purchased data is used. Through instantly distributing, receiving, and processing data, Tractiv have not only made a huge step towards creating a more efficient and accountable data ecosystem, but also developed a reputation for driving concrete results for their clients, including better benchmark tracking, cost savings, and increased revenue. Keep up with Tractiv Company Website: https://www.tractiv.com/ Company LinkedIn: https://www.linkedin.com/company/tractiv/ Founder LinkedIn: linkedin.com/in/drew-orsinger PRESS CONTACT: [email protected] SOURCE: Tractiv View source version on accesswire.com: https://www.accesswire.com/707727/How-Immutable-Tracking-Can-Revolutionize-Data-Accountability-In-Finance-And-Entertainment View comments... - Reddit Posts (Sample): [['u/Joe-M-4', 'I bought $1k of the Top 10 Cryptos on January 1st, 2022 (JULY Update/Month 7/-69%%)', 313, '2022-08-19 00:51', 'https://www.reddit.com/r/CryptoCurrency/comments/wrxdyq/i_bought_1k_of_the_top_10_cryptos_on_january_1st/', "&#x200B;\n\nhttps://preview.redd.it/l8ue3v8euji91.png?width=666&format=png&auto=webp&s=12091558acb3eae522404d825ec08b5f96b67150\n\n*Find the full blog post with all the tables and graphs* [*here](https://toptencryptoindexfund.com/tracking-2022-top-10-cryptocurrencies-month-7).\n\nWelcome to your monthly no-shill data dump: Here's the seventh monthly report for the 2022 Top Ten Experiment featuring BTC, ETH, BNB, SOL, ADA, USDC, XRP, LUNA, DOT, and AVAX. SNAPSHOTS ALWAYS TAKEN ON FIRST OF THE MONTH (data below reflects 1 July Snapshot).\n\ntl;dr\n\n What's this all about? I purchased $100 of each of Top 10 Cryptos in Jan. 2018, haven't sold or traded, reporting monthly for over four years. Did the same in 2019, 2020, 2021, and 2022. *Learn more about the history and rules of the Experiments* *(including why in the world I would include stablecoins)* [*here](https://toptencryptoindexfund.com/about/).* *Learn more about the new features in the 2022 Top Ten Experiment* [*here](https://toptencryptoindexfund.com/announcing-top-10-2022/).\n July Highlights: \\- First green monthly performance since March 2022 lead by ETH and AVAX, combined crypto portfolios (+101%) far ahead of #SP500 (+28%) since start of Experiments\n* New features: [TCAP](https://np.reddit.com/r/cryptex/) Total Crypto Market Cap token wins June and maintains overall lead the Top Ten approach in our friendly competition\n\n## Month Seven – Down -69%\n\nhttps://preview.redd.it/jty06sdgvji91.png?width=1065&format=png&auto=webp&s=1c6027ee04485c3af3473e19776b2f915b3c62d9\n\nThe 2022 Top Ten Crypto Index Fund Portfolio is\xa0BTC, ETH, BNB, Solana, ADA, USDC/UST, XRP, LUNA/LUNC, DOT, AVAX.\xa0\xa0\n\nJuly highlights for the 2022 Top Ten Portfolio:\n\n* First positive monthly report since\xa0[March 2022](https://toptencryptoindexfund.com/tracking-2022-top-10-cryptocurrencies-month-3/) \n* All cryptos are well in green territory this month, with the exception of\xa0USTC\xa0and\xa0LUNC. \n\n## July Ranking and Dropouts\n\nHere’s a look at the movement in ranking seven months into the 2022 Top Ten Index Fund Experiment:\n\nhttps://preview.redd.it/e6thg6vjvji91.png?width=376&format=png&auto=webp&s=fd36f58f35ebefbd94060010c85bbdc86548dae9\n\nAVAX\xa0and\xa0LUNC\xa0have dropped out, replaced by\xa0BUSD\xa0and\xa0DOGE.\xa0\xa0\n\nLUNC\xa0has fallen out of the Top 200, the lowest of any crypto in any of the five Top Ten Portfolios.\xa0\n\n## July Winners and Losers\n\n*July Winners\xa0–\xa0 Undoubtedly\xa0ETH, up +57% this month.\xa0\xa0AVAX\xa0was second best performing, +43% in July.\xa0\xa0\n\nJuly Losers\xa0–\xa0USTC\xa0(-38%) and\xa0LUNC\xa0(-18%) lost the most ground this month.\n\n## Overall Update: BNB maintains lead over BTC, 100% of cryptos in negative territory, RIP LUNC.\n\nEven after a good July, all cryptos in the 2022 Top Ten are still well in the red.\xa0\xa0BNB\xa0(-45%) has lost the least of its value and maintains a lead over second place\xa0Bitcoin\xa0(-51%)\xa0\n\nLUNC\xa0remains at the bottom, worth a fraction of a cent.\xa0 The initial $100 invested in\xa0Luna\xa0seven months ago is worth $0 today.\xa0\xa0\n\n## Overall return on $1,000 investment since January 1st, 2022:\n\nhttps://preview.redd.it/rvmw1lykvji91.png?width=337&format=png&auto=webp&s=a0bdbb5270a2044535cfda91e98ab418f1838511\n\nThe 2022 Portfolio gained $64 this month.\xa0 The initial $1000 investment on New Year’s Day 2022 is now worth\xa0$310, down about two thirds of its value seven months ago.\xa0\xa0\n\nHere’s a visual summary of the progress so far:\n\nhttps://preview.redd.it/xypjqw6mvji91.png?width=217&format=png&auto=webp&s=6c450c208474ee4d739570d6c11a498a40739058\n\nThe 2022 Portfolio is the worst performing of the\xa0[five Top Ten Crypto Portfolios](https://toptencryptoindexfund.com/).\n\n## Factoring in USDC Gains\n\nNew feature this year* – In past Experiment years, I have not included stablecoin gains in the monthly reports, but there are opportunities to earn ROI using stables alone. I figured this would be especially interesting to track this year, depending on how the crypto market performs. My goal of this little side quest was to beat the ROI of as many of the non-stablecoin cryptos in the Experiment as possible.\n\nI started the year using the most straightforward strategies, moving the $100\xa0USDC\xa0around to get bonuses from different platforms.\xa0 With crypto tanking, my ROI on stables was easily outperforming the rest of the portfolio.\xa0 In May, I decided to do something a bit more interesting. My choice?\xa0 Convert the\xa0USDC\xa0to\xa0UST, then deposit the\xa0UST\xa0on Anchor. Seemed like a good idea at the time.\xa0\xa0\n\nMy\xa0UST\xa0is now worth $3.67.\n\nHere’s a table of the\xa0USDC\xa0side mission so far this year. I’m down -96% overall.\xa0\xa0\n\nhttps://preview.redd.it/uytf7dqnvji91.png?width=789&format=png&auto=webp&s=e68aef0d354b5c32b5e0cf081e2ef2a54852a051\n\n## 2022 Top Ten Portfolio vs. Total Crypto Market Cap Token (TCAP)\n\nAnother new feature this year – The first Top Ten Crypto Experiment was started on 1 January 2018 in an attempt to\xa0*capture the gains of the entire market. Much has changed in the last 4.5+ years, including Decentralized Finance (DeFi) projects that have created index tokens to capture segments of the crypto market (DeFi, the Metaverse, Blue Chips, etc.) instead of manually buying coins and tokens, like I do for my Experiments.\n\nA project of particular interest to the Top Ten Experiments is the\xa0Total Crypto Market Cap\xa0([TCAP](https://cryptex.finance/))\xa0token,\xa0created by\xa0[Cryptex](https://np.reddit.com/r/cryptex/), which tracks the entire crypto market – exactly what my Top Ten Portfolios have been trying to recreate from the start.\n\nI thought it would be interesting to compare my homemade 2022 Top Ten Crypto Index Fund Experiment to\xa0TCAP\xa0for a bit of a friendly competition. Here’s the question I’ve been tracking this year:\xa0would I have been better off with $1,000 of TCAP instead of going through the effort of creating a homemade $1,000 Top Ten Index Fund?\n\nTCAP\xa0snapshot August 1st:\xa0\n\nhttps://preview.redd.it/x637s66pvji91.png?width=520&format=png&auto=webp&s=d17a46bc7e0bc2d3cddc02838ab1e5f88ccdefe6\n\nBoth the\xa0TCAP\xa0token and the\xa02022 Top Ten Portfolio\xa0gained in July.\xa0 Monthly performances:\n\n The 2022 Top Ten Portfolio: +26%\xa0\n* TCAP: +29%.\n\nThe July monthly victory goes to:\xa0TCAP.\n\nOverall since January 1st, 2022:\xa0\n\n* The 2022 Top Ten Portfolio:\xa0current value $310 (-69%)\xa0\n* TCAP:\xa0current value $466 (-53%)\n\nOverall lead:\xa0TCAP \n\nVisual summary below:\n\nhttps://preview.redd.it/z61wgjkqvji91.png?width=843&format=png&auto=webp&s=81cc68b832a3a31aa8df0f060eb8ca2be60af397\n\nTCAP’s\xa0outperformance of an equally weighted Top Ten Portfolio is in line with what the Experiment has observed over the five years of its existence:\xa0 with the exception of the 2021 Portfolio, every year the Total Market Cap outperforms a Top Ten approach.\xa0 And if history is any indication, I expect the 2021 Top 10 to fall behind\xa0TCAP\xa0eventually.\n\n## Bitcoin Dominance:\n\nBitDom dropped this month, ending July at 41.2%. For context, there hasn’t been much movement on this metric so far in 2022. Chart below:\n\nhttps://preview.redd.it/b3v7lfntvji91.png?width=582&format=png&auto=webp&s=4a7daa2324e115810d3380b41867d5533a1d7a03\n\nFor those just getting into crypto, it’s worth paying attention to the\xa0Bitcoin\xa0dominance figure, as it signals the appetite for altcoins vs.\xa0BTC.\n\n## Combining the 2018, 2019, 2020, 2021, and 2022 Top Ten Crypto Portfolios \n\nSo, where do we stand if we combine five years of the Top Ten Crypto Index Fund Experiments?\n\n* 2018 Top Ten Experiment: down -42% (total value $584)\n* 2019 Top Ten Experiment: up +192% (total value $2,923)\n* [2020 Top Ten Experiment](https://toptencryptoindexfund.com/tracking-2020-top-10-cryptocurrencies-month-31): up +339% (total value $4,389)\xa0(best performing portfolio)\n* 2021 Top Ten Experiment: up +82% (total value $1,825)\n* [2022 Top Ten Experiment:](https://toptencryptoindexfund.com/tracking-2022-top-10-cryptocurrencies-month-7)\xa0down -69% (total value $310)\n\nTaking the five portfolios together, here’s the bottom bottom bottom bottom\xa0bottom\xa0line:\xa0\n\nAfter five annual $1k investments ($5,000 total) in the 2018, 2019, 2020, 2021, and 2022 Top Ten Cryptocurrencies,\xa0the combined portfolios are worth\xa0$10,031. \n\nThat’s up +101%\xa0on the combined portfolios.\xa0 The peak\xa0 for the combined Top Ten Index Fund Experiment Portfolios was [November 2021’s all time high](https://toptencryptoindexfund.com/tracking-2021-top-10-cryptocurrencies-month-11/)\xa0of\xa0+533%.\xa0 Here’s the combined monthly ROI since I started tracking the metric in January 2020 for those who do better with visuals:\n\nhttps://preview.redd.it/lbtlabcwvji91.png?width=600&format=png&auto=webp&s=b0aa13d604cf50156b294ac8063c58c2d85ea038\n\nIn summary:\xa0*That’s a +101% gain by investing $1k on whichever cryptos happened to be in the Top Ten on January 1st (including stablecoins) for five straight years*.\n\n## Comparison to S&P 500\n\nI’m also tracking the S&P 500 as part of my Experiment to have a comparison point to tradit... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["Golddoge Sachs FRANKFURT, GERMANY, Aug. 20, 2022 (GLOBE NEWSWIRE) -- Golddoge Sachs , the first leveraged index that lets users invest in an exclusive selection of the best assets, diversified like equity funds with the best yield expectations, has been introduced in the crypto market that uses dollar cost averaging (DCA) to achieve the best possible return just by holding. With technology reaching new heights everyday, there is a financial product for everything. But in spite of all the progress, there is still a lot needed to be done in the crypto sector. Consider an investment banker who trades stocks on a conventional market. For any financial need, there is a product or service available. He uses ETFs. But, as a crypto enthusiast, he discovers that he needs to do a significant amount of work there himself. Having to do things that he doesn't do himself with his stocks. One such investment banker, who calls himself ‘Moby’ in crypto space, came up with the idea of a crypto brokering platform that would return 633% APY on a safe investment in crypto space, and named it Golddoge Sachs. Golddoge Sachs Principle and Working Users buy a single Golddoge Sachs ($GDS) token, and eventually the purchases build up the investment pot that further buys into 14 blue chips in cryptocurrency including the absolute major coins like Bitcoin, Ethereum, BNB, etc. With the continuous trading volume, the investment pot keeps building up. Over time, this investment earns a yield as the crypto market rises. This yield is periodically siphoned off and paid out to holders through buybacks in $GDS. Thus, the token replicates the yield. If the token grows because the demand increases, this also increases the token value, creating a simple yet efficient leverage effect. The token launches with the blue chip ETF and is initially exclusively available on the Binance Smart Chain (BEP20). But Moby claims that additional chains and more types of ETFs are planned, so there is something for everyone. Users simply need a wallet, similar to the stock market, and no accounts are required. Story continues Golddoge Ecosystem and Tokenomics Golddoge Sachs takes the path of secure success based on broad diversification, knowledge and DCA. Golddoge Sachs protects users’ investments in following ways: The investment pot acts as a hedge against financial losses. Anti-swing trading token design Anti-bot taxation Anti-sniper launch conditions Bot protection in the community Max transaction anti-dump rules Max wallet anti-whale rules Tokenomics Golddoge Sachs ($GDS) has a 15% tax on Buy and Sell transactions which is distributed in the following way: 2% goes to the development 3% goes to the marketing 10% goes to the investment pot The investment pot makes investments into the 14 top-performing cryptocurrencies, and users receive a return on gains at the end of the month. But, as the investment uses a leverage effect, users can expect to receive 3 times more than if they invested by themselves. Investing with Golddoge Sachs surpasses individual investing in any circumstance since the success of their investments for customers is further multiplied by the success of their own chart performance. To get more information about Golddoge Sachs, visit the project's official website or read the official whitepaper . About Golddoge Sachs Golddoge Sachs is a crypto ETF that lets users invest in top 14 cryptocurrencies using $GDS token. With the Golddoge Sachs Token, users receive shares in a regularly generated return based on a first-class portfolio built on the top crypto assets. Based only on the performance of the cryptocurrency market and Golddoge Sachs' integrated leverage, the conservative estimate for the yearly returns is 600% APY. Website \| Telegram \| Twitter \| Instagram \| Facebook References: Whitepaper: https://golddogesachs.com/wp-content/uploads/2022/08/WP-Golddoge_Sachs-Whitepaper.pdf Litepaper: https://golddogesachs.com/wp-content/uploads/2022/08/Litepaper.pdf Onepager: https://golddogesachs.com/wp-content/uploads/2022/08/Onepager.pdf PCS: https://pancakeswap.finance/swap?outputCurrency=0x301c565E1114452eb8237f8ba837E2c846393fA1 BSC Explorer: https://bscscan.com/address/0x301c565E1114452eb8237f8ba837E2c846393fA1 BSC Contract Address: 0x301c565E1114452eb8237f8ba837E2c846393fA1 Moby Dick Golddoge Sachs [email protected] https://golddogesachs.com/ Disclaimer: The information provided in this release is not investment advice, financial advice or trading advice. It is recommended that you practice due diligence (including consultation with a professional financial advisor before investing or trading securities and cryptocurrency. CONTACT: Moby Dick Golddoge Sachs info at golddogesachs.com https://golddogesachs.com/", "FRANKFURT, GERMANY, Aug. 20, 2022 (GLOBE NEWSWIRE) --Golddoge Sachs, the first leveraged index that lets users invest in an exclusive selection of the best assets, diversified like equity funds with the best yield expectations, has been introduced in the crypto market that uses dollar cost averaging (DCA) to achieve the best possible return just by holding.\nWith technology reaching new heights everyday, there is a financial product for everything. But in spite of all the progress, there is still a lot needed to be done in the crypto sector. Consider an investment banker who trades stocks on a conventional market. For any financial need, there is a product or service available. He uses ETFs. But, as a crypto enthusiast, he discovers that he needs to do a significant amount of work there himself. Having to do things that he doesn't do himself with his stocks.\nOne such investment banker, who calls himself ‘Moby’ in crypto space, came up with the idea of a crypto brokering platform that would return 633% APY on a safe investment in crypto space, and named it Golddoge Sachs.\nGolddoge Sachs Principle and Working\nUsers buy a single Golddoge Sachs ($GDS) token, and eventually the purchases build up the investment pot that further buys into 14 blue chips in cryptocurrency including the absolute major coins like Bitcoin, Ethereum, BNB, etc.\nWith the continuous trading volume, the investment pot keeps building up. Over time, this investment earns a yield as the crypto market rises. This yield is periodically siphoned off and paid out to holders through buybacks in $GDS. Thus, the token replicates the yield.\nIf the token grows because the demand increases, this also increases the token value, creating a simple yet efficient leverage effect.\nThe token launches with the blue chip ETF and is initially exclusively available on the Binance Smart Chain (BEP20). But Moby claims that additional chains and more types of ETFs are planned, so there is something for everyone. Users simply need a wallet, similar to the stock market, and no accounts are required.\nGolddoge Ecosystem and Tokenomics\nGolddoge Sachs takes the path of secure success based on broad diversification, knowledge and DCA.\nGolddoge Sachs protects users’ investments in following ways:\n• The investment pot acts as a hedge against financial losses.\n• Anti-swing trading token design\n• Anti-bot taxation\n• Anti-sniper launch conditions\n• Bot protection in the community\n• Max transaction anti-dump rules\n• Max wallet anti-whale rules\nTokenomics\nGolddoge Sachs ($GDS) has a 15% tax on Buy and Sell transactions which is distributed in the following way:\n• 2% goes to the development\n• 3% goes to the marketing\n• 10% goes to the investment pot\nThe investment pot makes investments into the 14 top-performing cryptocurrencies, and users receive a return on gains at the end of the month. But, as the investment uses a leverage effect, users can expect to receive 3 times more than if they invested by themselves.\nInvesting with Golddoge Sachs surpasses individual investing in any circumstance since the success of their investments for customers is further multiplied by the success of their own chart performance.\nTo get more information about Golddoge Sachs, visit the project'sofficial websiteor read the officialwhitepaper.\nAbout Golddoge Sachs\nGolddoge Sachs is a crypto ETF that lets users invest in top 14 cryptocurrencies using $GDS token. With the Golddoge Sachs Token, users receive shares in a regularly generated return based on a first-class portfolio built on the top crypto assets.\nBased only on the performance of the cryptocurrency market and Golddoge Sachs' integrated leverage, the conservative estimate for the yearly returns is 600% APY.\nWebsite\|Telegram\|Twitter\|Instagram\|Facebook\nReferences:\nWhitepaper:https://golddogesachs.com/wp-content/uploads/2022/08/WP-Golddoge_Sachs-Whitepaper.pdf\nLitepaper:https://golddogesachs.com/wp-content/uploads/2022/08/Litepaper.pdf\nOnepager:https://golddogesachs.com/wp-content/uploads/2022/08/Onepager.pdf\nPCS:https://pancakeswap.finance/swap?outputCurrency=0x301c565E1114452eb8237f8ba837E2c846393fA1\nBSC Explorer:https://bscscan.com/address/0x301c565E1114452eb8237f8ba837E2c846393fA1\nBSC Contract Address: 0x301c565E1114452eb8237f8ba837E2c846393fA1\nMoby Dick\nGolddoge Sachs\[email protected]\nhttps://golddogesachs.com/\nDisclaimer:\nThe information provided in this release is not investment advice, financial advice or trading advice. It is recommended that you practice due diligence (including consultation with a professional financial advisor before investing or trading securities and cryptocurrency.\nCONTACT: Moby Dick Golddoge Sachs info at golddogesachs.com https://golddogesachs.com/", 'Bitwage is the global leader in Bitcoin, cryptocurrency and stablecoin payroll with services across invoicing and benefits services. The company also offers resources to employers, employees, and freelancers with their robust, online platform. San Francisco, California--(Newsfile Corp. - August 20, 2022) - Bitwage has been helping workers globally receive their paychecks in Bitcoin, cryptocurrency and stablecoins since 2014. There has been a p Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-08-20 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $405,943,356,350 - Hash Rate: 209995536.3321945 - Transaction Count: 222722.0 - Unique Addresses: 597278.0 Social & AI Sentiment: - Fear & Greed Index: 0.29 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Today I am looking at some of the best undervalued REITs (real estate investment trusts) that have serious profit potential. These stocks are either at a trough price-wise, or their valuation metrics are very cheap. For example, many of these REITs are down over 25% year to date. Moreover, their valuation metrics show that their price to funds from operation (FFO) are at low multiples. Moreover, in most cases, their dividend yields are also high — many of them higher than their average historical yields. This can be seen in the chart below, which shows the average P/FFO and the average yield of each REIT. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Click to Enlarge Source: Mark R. Hake, CFA It shows that the average P/FFO of the group is just 8.22x for 2022. It is lower for 2023 at 7.8x. The average dividend yield of the group is 10%. Moreover, the median target price upside is over 17% higher. That shows how much these undervalued REITs could rise over the next year if interest rates eventually peak and then start to decline. • 7 Seriously Undervalued Tech Stocks to Buy Now Now, let’s dive in and look at these REITs. [{"GNL": "MDRR", "Global Net Lease": "Medalist Diversified REIT", "$15.07": "$0.88"}, {"GNL": "OHI", "Global Net Lease": "Omega Healthcare Investors", "$15.07": "$30.98"}, {"GNL": "OPI", "Global Net Lease": "Office Properties Income Trust", "$15.07": "$19.88"}, {"GNL": "RTL", "Global Net Lease": "The Necessity Retail REIT", "$15.07": "$7.73"}, {"GNL": "BDN", "Global Net Lease": "Brandywine Realty Trust", "$15.07": "$9.53"}] Source: Shutterstock Yield:10.7% Global Net Lease(NYSE:GNL) is the first of our undervalued REITs. It’ a REIT that is focused on sale-leaseback transactions. This is where the tenant formerly owned the property and then sells it to Global Net Lease and immediately leases it back from GNL. This is a win-win for both parties — the company that formerly owned it gets cash, and GNL gets a captive lessor for the property. They usually have a great desire to stay there for a long time. As a result, GNL now pays an annual dividend of $1.60 per share, which gives the REIT a dividend yield of 10.7%. Moreover, analysts estimate that its funds from operation (or FFO), a measure of cash flow, will reach $1.67 this year and $1.70 by the end of 2023. That puts the stock on a very reasonable price-to-FFO (P/FFO) of just 9x this year and 8.8x next year. Moreover, in the past four years, its average yield was 10.53%. This is slightly lower than its present 10.7% yield. That implies that the stock could rise 1.5% if it were to achieve the historic yield. Source: Roman Babakin / Shutterstock Yield:10.1% Medalist Diversified REIT(NASDAQ:MDRR) is REIT that invests in apartment buildings and hotels focused in southeast states including Virginia, North Carolina, South Carolina, Georgia, Florida and Alabama. The stock is very cheap in that it has a 10.1% annual dividend yield, given its 8-cent annual dividend payment rate. Moreover, the stock is not too expensive at 11.3 P/FFO for 2022. • 5 Electric Vehicle Stocks to Buy on the Dip TipRanksreports that analysts have an average price target of$2.25 for the stock, which is over twice Monday’s closing price. Source: Shutterstock Yield:8.7% Omega Healthcare Investors(NYSE:OHI) is focused on the long-term healthcare industry. It invests in skilled nursing and assisted living facilities. The stock is cheap with a dividend yield of 8.7%. This is well below its four-year average yield of7.93%. That implies that if it reaches this yield, the price will rise 10.1% from here to $33.80. That is because if you divide its present annual dividend of $2.68 by 7.93%, the result is a price of $33.80. Moreover, OHI stock has an inexpensive P/FFO metric of just 10.4x for 2022 and 10.1x for 2023. This is because analysts forecast its FFO will rise 3.1% next yearto $3.03per share from $2.94 forecast for this year. Source: Halfpoint/shutterstock.com Yield:11.2% Office Properties Income Trust(NASDAQ:OPI) is a REIT that likes to focus on government buildings. The REIT is managed byThe RMR Group(NASDAQ:RMR). The stock is cheap with an 11.2% dividend yield and trades with a yield slightly higher than its four-year average of 11.1%. Moreover, the P/FFO is inexpensive at just 4.2x analysts’ forecast ofFFO of $4.70per share for 2022. And for 2023, with analyst projections of $4.75 per share, OPI stock is at just 4.1x its FFO projections. • 7 Best Reddit Stocks to Buy Now Another way you know this stock is cheap is that its price-to-sales ratio is just 1.69x sales, according toSeeking Alpha. Source: Shutterstock Yield:11.1% The Necessity Retail REIT(NASDAQ:RTL) is, as its name implies, an REIT focused on retail and distribution-related commercial real estate. The stock has an attractive 11.1% dividend yield, which is well over its historical dividend yield. For example, in the last four years, its averageyield has been 8.94%, according toSeeking Alpha. This is likely because investors are worried about a possible recession. However, that provides a tether to upside value. For example, if the stock were to now have an 8.94%, given its annual dividend payment of 85 cents, the price would rise to $9.51 per share. That implies a potential upside of almost 25%. Moreover, the stock is cheap based on analysts’ forecasts of $1.02 in FFO this year and 7.8% higher FFO at $1.10 next year. That puts it on a forward P/FFO of just 7.5x for this year and 7x next year. Source: Shutterstock Yield: 8.07% Brandywine Realty Trust(NYSE:BDN), the last of today’s undervalued REITs, is a large company with properties in the Philadelphia, Austin and Washington, D.C. markets. It has a 25-year track record of strength and is very profitable. Right now the REIT has an 8% dividend yield, well over its historical average of 5.83% in the last four years. So if it had the same yield today, given its annual 76-cent dividend, the price would be over 38% higher at $13.06 per share. • 7 Cheap Stocks That Are Trading at a Discount Moreover, its FFO is expected to grow from $1.38 per share this year to $1.41 next year. That puts it on a cheap P/FFO multiple of just 6.8x FFO cash flow this year and 6.7x for next year. This is well below the average 8.2x P/FFO of this list of undervalued REITs. On the date of publication, Mark Hake did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to theInvestorPlace.comPublishing Guidelines. • Buy This $5 Stock BEFORE This Apple Project Goes Live • The Best $1 Investment You Can Make Today • Early Bitcoin Millionaire Reveals His Next Big Crypto Trade “On Air” • Cash Holders Could Get Hit Hard THIS FRIDAY The post6 Undervalued REITs to Buy With Serious Profit Potentialappeared first onInvestorPlace.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Photo Illustration by Erin O\'Flynn/The Daily Beast/Getty In May of last year, someone claiming to be a military doctor on a secret mission in North Korea contacted Laura Francis on Facebook, looking for love and connection. Francis, a California realtor, thought he was charming—his profile images portrayed a man with a muscular build, beard, tattoos, and hospital scrubs—but was initially skeptical of his intentions. The mystery man called himself “David Hodge,” and he claimed to be a kind of surgeon, helping soldiers who’d been injured by explosives in war. As part of his backstory, David told Francis he had an ex-wife who had cheated on him, and a 5-year-old son. David’s love-bombing of Francis, 69, was insistent. He texted Francis every morning and throughout the day (usually on Google Hangouts) and called her on the phone just as often. “I fell in love with his voice, he had the cutest laugh,” Francis recalls. He serenaded her with links to romantic songs on YouTube: “Hero” by Enrique Iglesias and “I Swear” by All-4-One. According to Francis, David said “he had been there and done that with the beautiful young women, and they were all not loyal.” He told her he “wanted somebody that was more mature.” How an Army of Women Hunted Down the Online-Dating Scammer Who Conned Them Into Marriage “Meeting you was fate, becoming your friend was a choice but falling in love with you is beyond my control,” David wrote one evening in August 2021, as they discussed buying a wedding ring. Courtesy of Laura Francis “You have no idea how elaborate it was,” Francis told The Daily Beast in an interview, after she learned her nearly year-long affair with David wasn’t a real relationship but a cryptocurrency romance scam, one in which she claims she lost $248,000 of her savings—money that was supposed to be her daughter’s inheritance. “He had an excuse or an answer for every question,” Francis said. “I asked millions of questions. Because I didn’t trust or believe anything from the first.” Courtesy of Laura Francis Anytime Francis doubted him, David would send her photos he claimed were of himself, holding a sign that said: “I love you Laura and am not a scammer I’m Davidson Hodge.” He also sent her a purported passport and copies of a seemingly detailed bank statement, from a local bank in Columbus, Ohio—but which utilized a Chase Bank P.O. Box and which included some notable typos—claiming he had $3 million. He also sent her a photo of his arm, decked in military camouflage, and hand holding an “employment agreement” containing a U.S. Marine Corps logo. Story continues Whenever he asked Francis for money, she says, he always promised to pay her back once he was out of the service and had access to his accounts. David directed her to use several Bitcoin apps including Coinbase and Coin Cloud Bitcoin ATMs until she cut him off in March. (The Daily Beast reviewed some of Francis’ Coin Cloud receipts with deposits totaling $37,080 in August 2021 alone, and one blockchain analytics firm said she appeared to have deposited around $60,000 via the ATM in September.) Asked for comment, Cloud Coin said its terms of service prevent it from sharing personal information about customers but said it has sympathy for the victims of financial crimes. “When a customer buys, the digital asset(s) go into their wallet,” the company said in a statement. “From there, we don’t know what a customer does with their currency, coin, or token.” Within three months, Francis was sucked into a whirlwind drama rivaling daytime soap operas. And each plot line drew her deeper into what she believed was true love, followed by a rift caused by a second alleged scammer named “Robert Manguire,” who claimed to be an oil rig worker in Louisiana and warned her David was a con artist. “Between the two of them, they had me on the run,” Francis said. David would tell her he was shunning her until she blocked Robert, and Robert threatened to tell her family about how much she’d paid David unless she blocked the supposed doctor. “I didn’t know how I was going to face my family,” she said, “and I did not know how I was ever going to let my family know how much money I lost.” Romance scams are big business in the U.S., and crypto is a growing piece of it. The FBI reported that Americans lost $1 billion to romance scammers in 2021, while the Federal Trade Commission estimated they lost $750 million to crypto scams that same year. (The FTC also said crypto was the second-most common form of payment in romance scams, above wire transfers and apps like Venmo.) Paul Sibenik, the lead case manager at CipherBlade, a company that helps track and recover stolen or scammed crypto, said anywhere from 30 to 40 percent of his company’s clients are victims of a romance scam. While the FBI began warning about Internet romance rackets as early 2005 , the rise of cryptocurrency has made it even easier to scam money instantly, across borders, and without detection. And pandemic lockdowns meant more and more people turned to dating apps and websites as a means of finding love remotely. Romance scams hit a record high in 2021, according to the FTC, totaling more than any other category of fraud. The horror stories of courtship-based schemes increasingly involve crypto. In February, Nicole Hutchinson of Tennessee told CBS News that she lost $390,000 of her and her father’s money—some of it her inheritance after her mom died—after she fell for a scammer named “Hao” on the Hinge dating app. The man encouraged her to create an account on Crypto.com and instructed her to transfer funds to a link he claimed was a cryptocurrency exchange platform; instead, the money went into his pockets. Another victim, South Carolina business owner Zahra Hajiaghamohseni, told NBC affiliate WCBD-TV that she lost $350,000 after a handsome man wooed her online, then encouraged her to invest in crypto. She later learned her suitor had scammed her, using a fake identity and someone else’s photos, after she traveled to an airport to pick him up but he never arrived. The government has responded to this surge in crypto-related crimes by staffing up with investigators. The Securities and Exchange Commission nearly doubled the size of its Crypto Assets and Cyber Unit this spring, from 30 to 50, and the FBI announced a new Virtual Asset Exploitation Unit dedicated to blockchain analysis and virtual asset seizure. The Justice Department also launched two new crypto-related arms last year: one focusing on criminal money laundering and cybersecurity, and the other on civil fraud cases. But the hires do not mean that every crypto fraud will be prosecuted. Several experts who spoke with The Daily Beast said federal law enforcement is unlikely to take cases where it deems the losses “too small”—a label some experts said can apply even to six-figure losses. Victims with smaller losses are directed to local police forces, which often do not have the training or tools to deal with a highly technical crime. There are other issues that complicate a crypto fraud investigation, the primary one being that the fraudsters could be anywhere in the world—far outside the jurisdiction of local police. They are also incredibly hard to identify, because, although all cryptocurrency transactions are made public on the blockchain, they occur anonymously, identified only by a long string of numbers designating a crypto “wallet.” Add to that the fact that many scammers use multiple wallets, or employ something called a “mixer” that combines their money with others to make it harder to track, and hunting down your stolen funds can be harder than actually finding true love. Going the civil route isn’t easy, either, according to Tal Lifshitz, a financial fraud attorney who also handles crypto cases. Tracking crypto transactions often involves expensive software or outside firms that cost more than a recently defrauded litigant can afford. And without those, it’s difficult for an attorney to know who to subpoena, or even serve. “With traditional financial fraud, we know there’s a bank [or accounting firm] involved,” Lifshitz said. “Even if you don’t necessarily have access to it before you bring a case, you know they exist, because they have to. None of those things have to exist in a crypto fraud.” Laura Francis Courtesy of Laura Francis Francis says the first time David asked for money, he claimed his top-secret cover was blown and his military base was forced to relocate. As David and his crew members traveled up a river, he claimed, their boat overturned and they lost their belongings including cellphones. Francis says she paid $5,600 for a new phone for David, and while he was waiting for the device, paid two of his colleagues a total of $7,000 so he could borrow their phones. “He kept convincing me that where he was stationed and the conditions that he was living under were so dramatic, so iffy, so touch-and-go, we could be dead any minute,” she said. As they began to plan their future together, David suggested she buy her own engagement ring through a military program that would prove he had a fiancée and allow his release from his three-year military contract. She paid a total of $42,568 for a diamond ring—but when the band arrived in the mail, she saw it had a $9.99 price tag and was actually a chintzy cubic zirconia. The wedding ring wasn’t even enough to release David from his military tour, according to him. David told her “Shawn Porter,” a colleague he claimed handled the sale of military engagement rings, failed to send “paperwork” necessary to get him out, and the online couple had a fight. According to Francis, David and Shawn had instructed her to send money incrementally via a Coin Cloud Bitcoin ATM, which she’d visit sometimes three times a day. She says she would feed $100 bills into the machine to send to David as he stood by on the phone to walk her through the process. “It started out at $1,500 a day,” Francis recalled. “I got Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-08-21 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $406,227,322,988 - Hash Rate: 205767438.2852376 - Transaction Count: 205435.0 - Unique Addresses: 549247.0 Social & AI Sentiment: - Fear & Greed Index: 0.27 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Cryptyde, Inc. SAFETY HARBOR, Florida, Aug. 19, 2022 (GLOBE NEWSWIRE) -- Cryptyde, Inc., or the Company, (NASDAQ: TYDE) a company offering comprehensive, scalable Web3 services utilizing blockchain technologies, NFTs, Smart Contracts, Metaverse and Crypto, announced financial results for the three and six months ended June 30, 2022. The financial statements are available in the Company’s Quarterly Report on Form 10-Q for the period ended June 30, 2022, filed with the Securities and Exchange Commission on August 19, 2022. “We are excited with where we are in such a short period of time operating as an independent company,” said Brian McFadden, President and CEO of Cryptyde, Inc. “We continued to make significant progress with our ambitious growth initiatives within our core verticals over the last quarter and look to continue that momentum forward.” added McFadden. About Cryptyde Cryptyde, Inc. (Nasdaq: TYDE), is focused on leveraging blockchain technologies to disrupt consumer facing industries. http://www.cryptyde.com/ Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements of historical fact could be deemed forward looking, including, but not limited to, the statements regarding the spin-off of the Company from Vinco Ventures, Inc. Words such as “plans,” “expects,” “will,” “anticipates,” “continue,” “expand,” “advance,” “develop” “believes,” “guidance,” “target,” “may,” “remain,” “project,” “outlook,” “intend,” “estimate,” “could,” “should,” and other words and terms of similar meaning and expression are intended to identify forward-looking statements, although not all forward-looking statements contain such terms. Forward-looking statements are based on management’s current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation: risks and uncertainties regarding achievement of the expected benefits of the Company’s spin-off from Vinco Ventures, Inc.; tax treatment of the spin-off; market and other conditions; the risks that the ongoing COVID-19 pandemic may disrupt the Company’s business more severely than it has to date or more severely than anticipated; the inability to develop the planned infrastructure for Cryptyde to offer Bitcoin mining services, unexpected costs, charges or expenses that reduce the Company’s capital resources; the Company’s inability to raise adequate capital to fund its business; the Company’s inability to innovate and attract users for the Company’s products; future legislation and rulemaking negatively impacting digital assets; and shifting public and governmental positions on digital asset mining activity. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. For a discussion of other risks and uncertainties, and other important factors, any of which could cause the Company’s actual results to differ from those contained in the forward-looking statements, see the Company’s filings with the Securities and Exchange Commission (SEC), including the section titled “Risk Factors” in the Company’s Registration Statement on Form 10, as amended, filed with the SEC on May 13, 2022, and the Company’s Registration Statement on Form S-1, filed with the SEC on August 12, 2022. All information in this press release is as of the date of the release, and the Company undertakes no duty to update this information or to publicly announce the results of any revisions to any of such statements to reflect future events or developments, except as required by law. Story continues For further information, please contact: Investor Relations Richard Brown 617-819-1289 [email protected]... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['By Herbert Lash NEW YORK (Reuters) -U.S. shares fell sharply and the dollar surged on Monday as fears mounted that central bank efforts to tame rising consumer prices with inflation-busting interest-rate hikes will weaken the global economy and lead to a recession. Earlier in Europe the benchmark STOXX index for regional shares closed down 1% after Russia\'s Gazprom said it would halt natural gas supplies to Europe for three days at the end of the month. Oil at first fell 4% as traders bet a slowdown would dent demand. But the latest disruption to energy supplies in Europe heightened concerns about the continent\'s economic outlook after hawkish signals from European Central Bank policymakers. Russian natural gas supplies to Europe are down around 75% year on year. A closely monitored recession signal - the inversion of the U.S. Treasuries\' yield curve - widened as the market braced for remarks on Friday from Federal Reserve Chair Jerome Powell, who will discuss at Jackson Hole, Wyoming, the Fed\'s mission to lower inflation. The dollar strengthened, knocking the euro below parity at 0.9944 and pushing the Canadian dollar to breach 1.30 against the greenback. The strong dollar led gold prices to fall to their lowest level in nearly four weeks. "Ahead of Jackson Hole the dollar is going to remain relatively firm, even though it\'s overextended," said Marc Chandler, chief market strategist at Bannockburn Global Forex. Despite a quick shift toward a more hawkish view of the Fed, "the market has this habit of reading Powell to be dovish. So I see the risk of \'buy the rumor,\' - the rumor of a hawkish Fed - and then sell it \'on the fact,\'" he said. Fed funds futures are now pricing in a 54.5% chance of a 75 basis-point hike by the Fed in September, instead of the greater probability of a 50 basis-point hike as the market had expected going into the weekend. A Reuters poll of economists taken Aug. 16-19 forecast the Fed will raise rates by 50 basis points in September, with the risks skewed toward a higher peak. Story continues The Treasury yield curve measuring the gap between yields on two- and 10-year notes inverted to -29.7 basis points after easing a bit last week in a sign recession bets have increased. "The inverted yield curve is signaling a massive \'recession\' is upon us," said Tom di Galoma, managing director at Seaport Global Holdings, in a note to investors. "Yield curve inversions are great predictors of recessions." The Dow Jones Industrial Average closed down 1.91%, the S&P 500 lost 2.14% and the Nasdaq Composite fell 2.55% as all 11 of the major S&P 500 sectors slid. Declining shares outnumbered those advancing by a more than 5:1 ratio on the New York Stock Exchange. The S&P 500 has repeatedly failed to clear its 200-day moving average around 4,320, a sign it would be pulling out of a bear market. The 10-year note rose 4 basis points in price to yield 3.0294%. [US/] One exception to the tightening trend is China, where the central bank trimmed some key lending rates by between 5 and 15 basis points on Monday in a bid to support a slowing economy and a stressed housing sector. Unease over China\'s economy tipped the yuan to a 23-month low, while pressuring stocks across the region. MSCI\'s broadest index of Asia-Pacific shares outside Japan fell 0.97%, while its U.S.-centric index of shares across the globe slid 1.8%. Germany\'s 10-year bond yield set a fresh four- week high of 1.314% as a key gauge of long-term euro zone inflation expectations hit a more than two-month high of 2.207%. The ECB must keep raising rates even if a recession in Germany is increasingly likely, as inflation will stay uncomfortably high all through 2023, Bundesbank President Joachim Nagel said over the weekend. Oil prices bounced off session lows to trade nearly flat in a volatile session after Saudi Arabia\'s energy minister said the Organization of the Petroleum Exporting Countries and its allies could cut production to confront market challenges. U.S. crude futures fell 54 cents to settle at $90.23 a barrel, while Brent settled down 24 cents at $96.48. U.S. gold futures fell 0.8% to settle at $1,748.40 an ounce. Bitcoin was 1.94% lower at $21,096, weighed down by broad risk aversion in markets. (Reporting by Herbert Lash in New YorkAdditional reporting by Lawrence White and Wayne ColeEditing by Catherine Evans and Matthew Lewis)', 'By Herbert Lash\nNEW YORK (Reuters) -U.S. shares fell sharply and the dollar surged on Monday as fears mounted that central bank efforts to tame rising consumer prices with inflation-busting interest-rate hikes will weaken the global economy and lead to a recession.\nEarlier in Europe the benchmark STOXX index for regional shares closed down 1% after Russia\'s Gazprom said it would halt natural gas supplies to Europe for three days at the end of the month.\nOil at first fell 4% as traders bet a slowdown would dent demand. But the latest disruption to energy supplies in Europe heightened concerns about the continent\'s economic outlook after hawkish signals from European Central Bank policymakers. Russian natural gas supplies to Europe are down around 75% year on year.\nA closely monitored recession signal - the inversion of the U.S. Treasuries\' yield curve - widened as the market braced for remarks on Friday from Federal Reserve Chair Jerome Powell, who will discuss at Jackson Hole, Wyoming, the Fed\'s mission to lower inflation.\nThe dollar strengthened, knocking the euro below parity at 0.9944 and pushing the Canadian dollar to breach 1.30 against the greenback. The strong dollar led gold prices to fall to their lowest level in nearly four weeks.\n"Ahead of Jackson Hole the dollar is going to remain relatively firm, even though it\'s overextended," said Marc Chandler, chief market strategist at Bannockburn Global Forex.\nDespite a quick shift toward a more hawkish view of the Fed, "the market has this habit of reading Powell to be dovish. So I see the risk of \'buy the rumor,\' - the rumor of a hawkish Fed - and then sell it \'on the fact,\'" he said.\nFed funds futures are now pricing in a 54.5% chance of a 75 basis-point hike by the Fed in September, instead of the greater probability of a 50 basis-point hike as the market had expected going into the weekend.\nA Reuters poll of economists taken Aug. 16-19 forecast the Fed will raise rates by 50 basis points in September, with the risks skewed toward a higher peak.\nThe Treasury yield curve measuring the gap between yields on two- and 10-year notes inverted to -29.7 basis points after easing a bit last week in a sign recession bets have increased.\n"The inverted yield curve is signaling a massive \'recession\' is upon us," said Tom di Galoma, managing director at Seaport Global Holdings, in a note to investors. "Yield curve inversions are great predictors of recessions."\nThe Dow Jones Industrial Average closed down 1.91%, the S&P 500 lost 2.14% and the Nasdaq Composite fell 2.55% as all 11 of the major S&P 500 sectors slid.\nDeclining shares outnumbered those advancing by a more than 5:1 ratio on the New York Stock Exchange.\nThe S&P 500 has repeatedly failed to clear its 200-day moving average around 4,320, a sign it would be pulling out of a bear market.\nThe 10-year note rose 4 basis points in price to yield 3.0294%. [US/]\nOne exception to the tightening trend is China, where the central bank trimmed some key lending rates by between 5 and 15 basis points on Monday in a bid to support a slowing economy and a stressed housing sector.\nUnease over China\'s economy tipped the yuan to a 23-month low, while pressuring stocks across the region.\nMSCI\'s broadest index of Asia-Pacific shares outside Japan fell 0.97%, while its U.S.-centric index of shares across the globe slid 1.8%.\nGermany\'s 10-year bond yield set a fresh four- week high of 1.314% as a key gauge of long-term euro zone inflation expectations hit a more than two-month high of 2.207%.\nThe ECB must keep raising rates even if a recession in Germany is increasingly likely, as inflation will stay uncomfortably high all through 2023, Bundesbank President Joachim Nagel said over the weekend.\nOil prices bounced off session lows to trade nearly flat in a volatile session after Saudi Arabia\'s energy minister said the Organization of the Petroleum Exporting Countries and its allies could cut production to confront market challenges.\nU.S. crude futures fell 54 cents to settle at $90.23 a barrel, while Brent settled down 24 cents at $96.48.\nU.S. gold futures fell 0.8% to settle at $1,748.40 an ounce.\nBitcoin was 1.94% lower at $21,096, weighed down by broad risk aversion in markets.\n(Reporting by Herbert Lash in New YorkAdditional reporting by Lawrence White and Wayne ColeEditing by Catherine Evans and Matthew Lewis)', 'By Herbert Lash NEW YORK (Reuters) -U.S. shares fell sharply and the dollar surged on Monday as fears mounted that central bank efforts to tame rising consumer prices with inflation-busting interest-rate hikes will weaken the global economy and lead to a recession. Earlier in Europe the benchmark STOXX index for regional shares closed down 1% after Russia\'s Gazprom said it would halt natural gas supplies to Europe for three days at the end of the month. Oil at first fell 4% as traders bet a slowdown would dent demand. But the latest disruption to energy supplies in Europe heightened concerns about the continent\'s economic outlook after hawkish signals from European Central Bank policymakers. Russian natural gas supplies to Europe are down around 75% year on year. A closely monitored recession signal - the inversion of the U.S. Treasuries\' yield curve - widened as the market braced for remarks on Friday from Federal Reserve Chair Jerome Powell, who will discuss at Jackson Hole, Wyoming, the Fed\'s mission to lower inflation. The dollar strengthened, knocking the euro below parity at 0.9944 and pushing the Canadian dollar to breach 1.30 against the greenba Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-08-22 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $401,974,967,275 - Hash Rate: 204358072.2695853 - Transaction Count: 250534.0 - Unique Addresses: 629040.0 Social & AI Sentiment: - Fear & Greed Index: 0.29 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: HIVE Blockchain Technologies Ltd. This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated February 2, 2021 to its amended and restated short form base shelf prospectus dated January 4, 2022. VANCOUVER, British Columbia, Aug. 05, 2022 (GLOBE NEWSWIRE) -- HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (Nasdaq:HIVE) (FSE:HBFA.F) (the “Company” or “HIVE”) is pleased to announce the production figures from the Company’s global Bitcoin and Ethereum mining operations for the month of July 2022, with a BTC HODL balance of 3,091 Bitcoin and 6,820 Ethereum as of August 4, 2022. July 2022 Production Figures HIVE is pleased to announce its July 2022 production figures and mining capacity: 279.9 BTC Produced 2.2 Exahash of Bitcoin mining capacity at beginning of July Increased to 2.26 Exahash of Bitcoin mining capacity during the month of July, with an average hashrate of 2.03 Exahash of Bitcoin mining capacity during the month of July 2,957 ETH Produced* 5.77 Terahash of Ethereum mining capacity at beginning of July, some miners were taken offline temporarily for layout optimization due to higher summer temperatures 6.49 Terahash of Ethereum mining capacity at end of July, with an average hashrate of 6.19 Terahash of Ethereum mining capacity during the month of July The Company’s production of ETH from GPU mining (including selective optimizations of GPU hashrate) has yielded a total ETH production of 2,957 ETH. Frank Holmes, Executive Chairman of HIVE stated, “In July we produced an average of 15.0 Bitcoin Equivalent per day, comprised of approximately 9.0 BTC per day and our Ethereum production of approximately 95 Ethereum per day. We are pleased to note that as of today, we are producing approximately 10 BTC a day in addition to approximately 95 Ethereum per day.” Aydin Kilic, President & COO of HIVE noted, “We continue to strive for operational excellence, ensuring that as we scale our hashrate, we also optimize our uptime, to ensure ideal Bitcoin and Ethereum output figures.” Mr. Kilic continued, “We also would like to provide an update on the BTC and ETH equivalency, where one can equate value of the coins produced daily. As such the ETH that HIVE produced during the month of July, equated on a daily basis, is approximately equal a monthly total of 185.2 BTC, which we refer to as Bitcoin Equivalent or BTC Equivalent. This is in addition to the 279.9 BTC produced from our Bitcoin mining operations during July, for a total of 465.1 Bitcoin equivalent” The Company’s total Bitcoin Equivalent production in July 2022 was: Story continues 465.1 BTC Equivalent Produced 15.0 BTC Equivalent produced per day on average 3.77 Exahash of BTC Equivalent Hashrate (BTC hashrate plus equivalent ETH hashrate) as of July 31), with average hashrate of 3.36 Exahash of BTC Equivalent hashrate throughout July Ethereum Outlook and Strategy The Company acknowledges there has been recent discussions surrounding the potential Ethereum “Merge” to Proof of Stake (“PoS”). With respect to a timeline to PoS, the Company notes that a specific block for the Ethereum Merge has not been specified. Until a specific block has been identified and universally accepted by the Ethereum Foundation, the Company believes it is indeterminate if or when the Merge will happen. For comparison, every Bitcoin halving event is at a specifically prescribed block height (notably, every 210,000 blocks). HIVE acknowledges there could be execution risk in implementing a business strategy if Ethereum goes to PoS, and we believe there will be continued demand for GPU based Proof of Work (“PoW”) mining. As such, the Company has a strategy in the event the Merge occurs. HIVE believes there is intrinsic value in a broadly decentralized PoW blockchain with Layer 2 smart contracts, as the majority of such projects exist on the Ethereum blockchain. If NFT and DeFi developers realize that a secure PoW Layer 1 blockchain is the best playing field for their code-based projects, there could be an increase in Layer 2 applications on the Ethereum Classic blockchain, after the Merge. The Company has already commenced case studies, analyzing hashrate economics of Ethereum Classic and other GPU mineable coins at an industrial scale. HIVE has also been performing GPU optimizations throughout calendar 2022, which are proprietary and provide the Company with a competitive edge. If the Merge occurs, the Company expects that there will be a competitive edge required in technical proficiency as GPU mining is more involved than ASIC mining. It reasons that companies or hobby miners who are the best at GPU optimizations, will prosper. We expect that there will be more algorithmic driven application of GPU mining, where users may mine several coins. This will be in addition to the competitive edge miners typically seek of having the best energy economics, so they have the lowest operating cost per hash generated. GPU miners will need to have a low cost of hashing, while also being innovative to drive the highest yield (revenue) per hash, through optimizations. GPUs which currently mine Ethereum are only one facet of HIVE’s operations which complements its fleet of Bitcoin mining ASICs. HIVE’s GPU fleet is comprised of two types of cards, our legacy fleet comprised mostly of RX580s, and can be repurposed for other GPU mineable coins. The second type being our data center grade cards, namely our Nvidia fleet which we announced last year when we joined the Nvidia Partner Network; these cards have other applications in high-performance computing (HPC) applications. HIVE has been developing a new platform for our data center grade cards to create new streams of revenue. The Company foresees the creation of new streams of revenues from GPUs, such as providing HPC services for rendering, AI, ML, molecular modelling, etc. New Brunswick Power Costs HIVE has navigated several months of high energy prices in New Brunswick (“NB”) at its data center campus, which have affected all businesses that are customers with interruptible energy contracts. Mr. Kilic noted “The interruptible energy rates in New Brunswick have historically been between 3.5 to 4.5 cents USD per KWHR, based on annual averages over the last decade.” HIVE also has a portion of the total electrical load in NB as fixed power at approximately 6 cents per KWHR USD. In the Company’s fiscal Q4 2022 (January to March 2022), the power rates in NB based on the Company’s usage (blended fixed and interruptible power) were approximately 12 cents per KWHR for 46MW of capacity. Mr. Kilic continued “A benefit of being globally diversified, with 6 data centers in three countries, HIVE’s other facilities enjoyed power costs of approximately 3.5 cents per KWHR for approximately 54MW of operating capacity.” Taking into consideration the average of HIVE’s global operating costs for electricity, data center staff and maintenance for all facilities in Q4 2022, the total cost was approximately 7.5 cents per KWHR USD, based on a global average operating footprint of 114MW, compared to revenue of $49.8M USD (as noted in the Company’s audited fiscal 2022 financial statements), which equates to approximately $0.20 per KWHR. The Company notes that it was able to profitably mine crypto currencies during these periods, thus maximizing coin production. Since then, the Company’s average global operating costs for electricity, data center staff and maintenance, in New Brunswick have improved significantly, as the Company has enacted strategies to avoid high interruptible power prices in NB, which may include from time to time, reducing consumption during periods of peak interruptible power. In fiscal Q1 2023 (April to June 2022), the Company’s average power costs in NB have been 7.4 cents per KWHR USD, utilizing approximately 52MW on average, and globally operating costs for electricity, data center staff and maintenance for all facilities is approximately 5.5 cents per KWHR based on a global average operating footprint of approximately 126MW. Network Mining Difficulty The Bitcoin network difficulty decreased 6.5% during the month of July. The Ethereum network difficulty had a sudden difficulty decrease of almost 20% at the end of June, which was followed by a slight and gradual increase of 1.6% during the month of July. These factors impact our gross profit margins. About HIVE Blockchain Technologies Ltd. HIVE Blockchain Technologies Ltd. went public in 2017 as the first cryptocurrency mining company with a green energy and ESG strategy. HIVE is a growth-oriented technology stock in the emergent blockchain industry. As a company whose shares trade on a major stock exchange, we are building a bridge between the digital currency and blockchain sector and traditional capital markets. HIVE owns state-of-the-art, green energy-powered data centre facilities in Canada, Sweden, and Iceland, where we source only green energy to mine on the cloud both Ethereum and Bitcoin. Since the beginning of 2021, HIVE has held in secure storage the majority of its ETH and BTC coin mining rewards. Our shares provide investors with exposure to the operating margins of digital currency mining, as well as a portfolio of cryptocurrencies such as ETH and BTC. Because HIVE also owns hard assets such as data centers and advanced multi-use servers, we believe our shares offer investors an attractive way to gain exposure to the cryptocurrency space. We encourage you to visit HIVE’s YouTube channel here to learn more about HIVE. For more information and to register to HIVE’s mailing list, please visit www.HIVEblockchain.com . Follow @HIVEblockchain on Twitter and subscribe to HIVE’s YouTube channel . On Behalf of HIVE Blockchain Technologies Ltd. “Frank Holmes” Executive Chairman For further information please contact: Frank Holmes Tel: (604) 664-1078 Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defin... - Reddit Posts (Sample): [['u/i8thepickles', 'Switching btc for monero', 33, '2022-08-22 00:16', 'https://www.reddit.com/r/Monero/comments/wubyly/switching_btc_for_monero/', 'Can someone reccomend a way to convert btc into Xmr?', 'https://www.reddit.com/r/Monero/comments/wubyly/switching_btc_for_monero/', 'wubyly', [['u/ivanivienen', 11, '2022-08-22 00:24', 'https://www.reddit.com/r/Monero/comments/wubyly/switching_btc_for_monero/il8ypnu/', 'Bisq, Majesticbank, localmonero…', 'wubyly'], ['u/XMR-Boating-Accident', 11, '2022-08-22 00:46', 'https://www.reddit.com/r/Monero/comments/wubyly/switching_btc_for_monero/il91q70/', 'Cake wallet. You can buy/send in BTC and convert it into XMR.', 'wubyly'], ['u/blario', 14, '2022-08-22 02:14', 'https://www.reddit.com/r/Monero/comments/wubyly/switching_btc_for_monero/il9d528/', 'Orangefren.com', 'wubyly'], ['u/schlyza', 31, '2022-08-22 07:41', 'https://www.reddit.com/r/Monero/comments/wubyly/switching_btc_for_monero/iladelw/', 'Check out https://kycnot.me or https://orangefren.com', 'wubyly'], ['u/Jomi2013', 11, '2022-08-22 13:47', 'https://www.reddit.com/r/Monero/comments/wubyly/switching_btc_for_monero/ilb5svo/', "That's an excellent site to do it, this is some good stuff man.", 'wubyly']]], ['u/xandens', 'The perfect MTA', 40, '2022-08-22 01:14', 'https://www.reddit.com/r/nycrail/comments/wudaqt/the_perfect_mta/', 'what i think the perfect mta looks like is\n\ngreat management and leadership\n\nspends its money wisely\n\nwants to get projects done\n\nall popular extension proposals are finished (including N train extension to LGA)\n\nA Division lines converted into B Division\n\nsubway and SIR will be fully accessible, CBTC, R211s\n\nsubway, railroads will be quad or double tracked\n\nLIRR is fully electric and fleet is only M9s\n\nMNR is only M9s (New Haven Line gets special M9s)\n\nSI will connect to Manhattan and Brooklyn and New Jersey\n\nLower Montauk Branch reopened for passenger use\n\nLIRR Rockaway Branch reopened for passenger use (QueensLink)\n\nSea Beach Line reconfigured for express and local like Brighton\n\nexpress stops: new utrecht ave, kings highway, 86 st\n\nadditional lines made for express stations\n\ncommunter rail headways are 10 min (weekdays)\n\nsubway headways 2 min (weekdays)\n\ntell me if i missed anything', 'https://www.reddit.com/r/nycrail/comments/wudaqt/the_perfect_mta/', 'wudaqt', [['u/Narrow_Carpet_5133', 23, '2022-08-22 01:24', 'https://www.reddit.com/r/nycrail/comments/wudaqt/the_perfect_mta/il96s6y/', 'Why does A division need to be converted, why do more subway lines need to be quad tracked and why does Sea Beach need express stations?', 'wudaqt'], ['u/thatblkman', 17, '2022-08-22 01:25', 'https://www.reddit.com/r/nycrail/comments/wudaqt/the_perfect_mta/il96x1i/', 'Honestly, given how NYCTA and MTA were “created” to insulate transport from political considerations and still ends up being effed by political considerations, I don’t think it’s “bad” - just making marginal decisions because of bad politicians trying to please or not offend angry constituencies.\n\nI’m more inclined to hate Port Authority bc of the high ass tolls and AirTrain fares but no real accounting of where the money actually goes and why tolls and fares are more likely subsidizing port ops than port ops subsidizing bridge and train ops.', 'wudaqt'], ['u/dr_memory', 11, '2022-08-22 01:32', 'https://www.reddit.com/r/nycrail/comments/wudaqt/the_perfect_mta/il97rtu/', "\\- OPTO on all lines, full auto on at least SIR and the shuttles\n\n\\- BRT cross-bronx connector on Fordham Road / Pelham Parkway as a prelude to a cut-and-cover B division line\n\n\\- fare integration with PATH\n\n\\- C train extended across the GWB and down Bergenline/Central to connect with PATH at Journal Square\n\nIn general I'd just like to see the MTA run as a transit system aiming to move the maximum number of people in the minimum amount of time rather than as a jobs program that occasionally remembers to run a few trains and busses.", 'wudaqt'], ['u/Kufat', 51, '2022-08-22 04:16', 'https://www.reddit.com/r/nycrail/comments/wudaqt/the_perfect_mta/il9s7l0/', "2nd Ave Line extended to Montreal because I'm in the mood for poutine", 'wudaqt'], ['u/fleker2', 29, '2022-08-22 07:15', 'https://www.reddit.com/r/nycrail/comments/wudaqt/the_perfect_mta/ilab5l8/', 'Busses could be much more frequent and have more infrastructure everywhere. I want those little bus shelters with arrival time signs at every stop.', 'wudaqt'], ['u/IIAOPSW', 12, '2022-08-22 16:33', 'https://www.reddit.com/r/nycrail/comments/wudaqt/the_perfect_mta/ilbqpnk/', 'The L train extended all the way until it merges with the Chicago L.', 'wudaqt'], ['u/Kufat', 12, '2022-08-22 17:14', 'https://www.reddit.com/r/nycrail/comments/wudaqt/the_perfect_mta/ilbwvff/', 'This would serve the humanitarian goal of allowing the people of Chicago to have access to actual pizza.', 'wudaqt']]], ['u/ta1no', 'Unpopular Opinion: most people that buy HEX are still degens and rekt plebs', 16, '2022-08-22 03:02', 'https://www.reddit.com/r/HEXcrypto/comments/wufnc6/unpopular_opinion_most_people_that_buy_hex_are/', 'Most people that buy HEX don\'t even really understand it, and that\'s a fact... That\'s why they keep HEX liquid and only 9-10% of HEX is staked... They only bought to chase a pump, because they are still degens... The ones that truly understand the HEX staking contract find it VERY difficult to keep HEX liquid and instead they stake everything they can like I do... Every HEX token in my wallet that\'s NOT staked is a token that\'s NOT generating yield for me and multiplying, and I don\'t like that... I keep a very small bag liquid, but most of my HEX is staked making me more HEX while I sleep... And I keep buying more and making new stakes as much as possible.\n\nI will never sell one of my stake\'s original amount of HEX (my principal), I will only sell my stake\'s yield, for as long as HEX exists... Then, I will re-stake the principal and repeat, creating passive income... One day there will be MANY others with the same mentality I have, and the HEX price will be so high, that nobody today can even fathom it, just like they couldn\'t with Bitcoin. If your whole HEX bag is liquid, you don\'t understand HEX and you are not using it as intended... But it\'s okay because NOBODY that held BTC when it was less than $1 made it to see the gains when it reached $69k, NOBODY... Not even Satoshi (because he/she is probably dead)...\n\nCreating a HEX staking ladder will not only ensure I see those crazy gains in 15 yrs, but I will see gains long before that because I have stakes ending every year for the next 15+ yrs... So if HEX reaches $50 in 3-5 yrs or $100 in 8-10 yrs, I don\'t have to EES any of my stakes to see some profits... I will have a stake ending that year already... And the year before, and the year after, and so on... I don\'t trust people (banks, brokers aka middlemen), but I do trust code, and the code will run until the Ethereum blockchain stops running, and even if so it will still run on PulseChain when it launches as well...\n\nSitting there waiting for pumps while Tshares get more expensive every day is a big mistake... Stake $500 worth of HEX for 5555 and you will take a small risk for a possible HUGE gain in the future... Most of you spend more than that on lottery tickets per year... Then, keep staking as you see fit for any amount of time you wish to create a staking ladder, and you will probably outperform your other "retirement" plans with HEX, and much sooner than paying 30yrs into your 401k that\'s tied to the S&P 500 and therefore has counterparty risk (unlike HEX)... STOP THINKING LIKE A PESSIMISTIC REKT PLEB!😵\n\nEDIT: and if for some reason this post triggers your emotions and offends you, then you might be a rekt pleb... but for every 100 of you that get triggered there will be 1 or 2 that realize what I say is straight knowledge and will change their lives!', 'https://www.reddit.com/r/HEXcrypto/comments/wufnc6/unpopular_opinion_most_people_that_buy_hex_are/', 'wufnc6', [['u/C_Monkeyy', 10, '2022-08-22 03:54', 'https://www.reddit.com/r/HEXcrypto/comments/wufnc6/unpopular_opinion_most_people_that_buy_hex_are/il9pkql/', 'Why not let them stay unstaked. It keeps the apy high! They want to trade win or lose money that’s on them. Everyone is in crypto for their own reasons. Who am I kidding I’m 100% staked!', 'wufnc6']]], ['u/DipToPeak', 'Is there a real mathematical proof that DCA beats a lump sum purchase?', 10, '2022-08-22 05:26', 'https://www.reddit.com/r/BitcoinBeginners/comments/wuimse/is_there_a_real_mathematical_proof_that_dca_beats/', 'Obviously asking this in the context of buying bitcoin ...', 'https://www.reddit.com/r/BitcoinBeginners/comments/wuimse/is_there_a_real_mathematical_proof_that_dca_beats/', 'wuimse', [['u/AlternativeGazelle', 10, '2022-08-22 09:57', 'https://www.reddit.com/r/BitcoinBeginners/comments/wuimse/is_there_a_real_mathematical_proof_that_dca_beats/ilanrto/', 'Other way around. Studies show that lump sum beats DCA more often than not. But it’s more high risk/high reward.', 'wuimse']]], ['u/AutoModerator', '[Daily Discussion] - Monday, August 22, 2022', 48, '2022-08-22 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/wujazg/daily_discussion_monday_august_22_2022/', "Thread topics include, but are not limited to:\n\n General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'ht... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin and Ether were mixed Tuesday morning in Asia, while Solana led the downturn in the rest of the cryptocurrencies in the top 10 by market capitalization. Most of the Top 10 are seeing double-digit price declines over the last seven days. See related article: Markets: Bitcoin, Ether dip; DOGE, SHIB slide; Jackson Hole, Merge in focus Fast facts Bitcoin was trading down 0.6% to US$21,399 in the 24 hours to 8 a.m. in Hong Kong, while Ethereum was up a marginal 0.2% at US$1,621, according to CoinMarketCap . Solana fell 2.9% to US$35.44 after hitting a six-week low of US$33.92 overnight. Dogecoin was down 1.4% to US$0.068 after falling to a three-week low of US$0.065. The malaise in crypto markets reflects a dour day in U.S. equities, with stocks posting their biggest drop in two months overnight. The Dow Jones Industrial Average and the S&P 500 Index both closed down around 2% on Monday, while the Nasdaq Composite Index fell over 2.5%. Investors remain concerned about further rises in interest rates in the U.S. to slow inflation. Some guidance on that may come this Friday from the Federal Reserve’s annual economic policy symposium at Jackson Hole, Wyoming. Meanwhile, in China, the world’s second-largest economy, a slowdown is more of the concern, with the monetary authorities cutting interest rates for the second time in a week on Monday to try and reverse a slump in industrial production, construction and real estate. Recent heat waves in China are adding to problems as subsequent droughts have led to hydroelectric power shortages and outages in some regions, reducing manufacturing capacity. See related article: Crypto winter may be just what DeFi needs to grow and thrive', 'Bitcoin and Ether were mixed Tuesday morning in Asia, while Solana led the downturn in the rest of the cryptocurrencies in the top 10 by market capitalization. Most of the Top 10 are seeing double-digit price declines over the last seven days.\nSee related article:Markets: Bitcoin, Ether dip; DOGE, SHIB slide; Jackson Hole, Merge in focus\n• Bitcoin was trading down 0.6% to US$21,399 in the 24 hours to 8 a.m. in Hong Kong, while Ethereum was up a marginal 0.2% at US$1,621,according to CoinMarketCap.\n• Solana fell 2.9% to US$35.44 after hitting a six-week low of US$33.92 overnight. Dogecoin was down 1.4% to US$0.068 after falling to a three-week low of US$0.065.\n• The malaise in crypto markets reflects a dour day in U.S. equities, with stocks posting their biggest drop in two months overnight. The Dow Jones Industrial Average and the S&P 500 Index both closed down around 2% on Monday, while the Nasdaq Composite Index fell over 2.5%.\n• Investors remain concerned about further rises in interest rates in the U.S. to slow inflation. Some guidance on that may come this Friday from the Federal Reserve’s annual economic policy symposium at Jackson Hole, Wyoming.\n• Meanwhile, in China, the world’s second-largest economy, a slowdown is more of the concern, with the monetary authoritiescutting interest ratesfor the second time in a week on Monday to try and reverse a slump in industrial production, construction and real estate.\n• Recent heat waves in China are adding to problems as subsequent droughts have led to hydroelectric power shortages and outages in some regions, reducing manufacturing capacity.\nSee related article:Crypto winter may be just what DeFi needs to grow and thrive', 'Bitcoin and Ether were mixed Tuesday morning in Asia, while Solana led the downturn in the rest of the cryptocurrencies in the top 10 by market capitalization. Most of the Top 10 are seeing double-digit price declines over the last seven days.\nSee related article:Markets: Bitcoin, Ether dip; DOGE, SHIB slide; Jackson Hole, Merge in focus\n• Bitcoin was trading down 0.6% to US$21,399 in the 24 hours to 8 a.m. in Hong Kong, while Ethereum was up a marginal 0.2% at US$1,621,according to CoinMarketCap.\n• Solana fell 2.9% to US$35.44 after hitting a six-week low of US$33.92 overnight. Dogecoin was down 1.4% to US$0.068 after falling to a three-week low of US$0.065.\n• The malaise in crypto markets reflects a dour day in U.S. equities, with stocks posting their biggest drop in two months overnight. The Dow Jones Industrial Average and the S&P 500 Index both closed down around 2% on Monday, while the Nasdaq Composite Index fell over 2.5%.\n• Investors remain concerned about further rises in interest rates in the U.S. to slow inflation. Some guidance on that may come this Friday from the Federal Reserve’s annual economic policy symposium at Jackson Hole, Wyoming.\n• Meanwhile, in China, the world’s second-largest economy, a slowdown is more of the concern, with the monetary authoritiescutting interest ratesfor the second time in a week on Monday to try and reverse a slump in industrial production, construction and real estate.\n• Recent heat waves in China are adding to problems as subsequent droughts have led to hydroelectric power shortages and outages in some regions, reducing manufacturing capacity.\nSee related article:Crypto winter may be just what DeFi needs to grow and thrive', 'VANCOUVER, British Columbia, Aug. 22, 2022 (GLOBE NEWSWIRE) -- DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) (FRANKFURT: 6AX) (“DMG” or the “Company”), a vertically integrated blockchain and cryptocurrency technology company, announces John D. (J.D.) Abouchar has been appointed as a new independent Board Director and member of the Audit Committee.\nDMG also announces that independent Board Director, Nick Seto has resigned, effective August 22, 2022. Mr. Seto has served on DMG’s board for three years and has stepped into a new consulting role for DMG. We thank him for his service since DMG’s early days of mining.\nMr. Abouchar brings a wealth of experience to the DMG board. He is the founder and managing partner of Glass Creek Partners, Inc., an investment and consulting firm focusing on publicly listed emerging technology companies. Mr. Abouchar has significant capital markets experience over the past 30 years as a portfolio manager, technology equity research analyst and board member of several U.S. publicly listed companies. Recently, he was Chairman of the Board of Cynergistek (AMEX: CTEK), a cybersecurity firm, for which he was instrumental in re-incorporating the company and uplisting it to a major US exchange. He holds a B.S. in Economics from the Wharton School at the University of Pennsylvania.\nIn addition to joining the Audit Committee, J.D. will be focused on corporate governance and shareholder engagement. “As we responsibly and profitably grow DMG and enter our next stage of development, J.D. will help us to target a wider pool of institutional investors, lend his capital markets experience with investment banks and US securities exchanges and further develop our corporate governance and shareholder outreach,” stated CEO Sheldon Bennett.\n“Sheldon and the team at DMG have done an admirable job in founding and growing the business into the enterprise it is today,” added Mr. Abouchar. “I am honored to be joining the board and look forward to bringing my experience with business development and strategic planning to accelerate the exciting work DMG is doing in the rapidly evolving blockchain technology industry. My goal is to help management engage shareholders, evaluate uplisting opportunities, attract analyst coverage and work with the team to maximize shareholder value.”\nGrant of Stock Options\nBoard Directors, Mr. J.D. Abouchar and Mr. Kelly Allin, have been each awarded 200,000 stock options, exercisable at a price of $0.33 per share for a period of five years from the date of grant.\nAbout DMG Blockchain Solutions Inc.\nDMG is an environmentally friendly vertically integrated blockchain and cryptocurrency company that manages, operates, and develops end-to-end digital solutions to monetize the blockchain ecosystem. DMG\'s sustainable businesses are segmented into two business lines under the Core and Core+ strategies and unified through DMG\'s vertical integration.\nFuture changes in the Bitcoin network-wide mining difficulty rate or Bitcoin hashrate may materially affect the future performance of DMG\'s production of Bitcoin, and future operating results could also be materially affected by the price of Bitcoin and an increase in hashrate mining difficulty.\nFor more information on DMG Blockchain Solutions visit:www.dmgblockchain.com\nFollow@dmgblockchain on Twitterand subscribe toDMG\'s YouTube channel.\nOn behalf of the Board of Directors,\nSheldon Bennett, CEO and Director\nFor further information, please contact:DMG Blockchain Solutions Inc.Email:[email protected]:www.dmgblockchain.com\nInvestor Relations Contact:CORE IR (516) 222-2560For Media Inquiries:Jules Abraham, Head of CommunicationsCORE IR(917) [email protected]\nNeither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.\nCautionary Note Regarding Forward-Looking Information\nThis news release contains forward-looking information or statements based on current expectations. Forward-looking statements contained in this news release include statements regarding the targeting of a wider pool of institutional investors, and further develop corporate governance and shareholder outreach, potential uplisting opportunities and attracting analyst coverage, events, courses of action, and the potential of the Company\'s technology and operations, among others, are all forward-looking information.\nForward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "be Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-08-23 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $413,850,004,869 - Hash Rate: 242410954.69219768 - Transaction Count: 256928.0 - Unique Addresses: 641154.0 Social & AI Sentiment: - Fear & Greed Index: 0.28 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Congressional Democrats are calling on the Environmental Protection Agency and Department of Energy to address the recent proliferation of cryptocurrency mining within the US. In a letter sent Friday (via The Guardian ), Senator Elizabeth Warren and five other lawmakers said the two agencies should work together to require crypto mining firms to disclose their energy use and emissions. The request comes after the group recently completed an investigation that began at the start of the year. According to the letter, data collected from seven of the largest mining companies in the US, including Stronghold, Bitfury and Riot, indicates they can collectively use more than 1 gigawatt of electricity. Put another way, that’s almost enough to power all the residential buildings in Houston. Warren and the other lawmakers say they’re concerned about what all that power use will mean for the environment and consumers. Regarding the former, they state that emissions data from three of the surveyed companies indicate they emit approximately 1.6 million tons of CO2 annually or the equivalent of the tailpipe emissions of almost 360,000 cars. “Bitcoin miners are using huge quantities of electricity that could be used for other priority end uses that contribute to our electrification and climate goals, such as replacing home furnaces with heat pumps,” the letter states. On the latter point, the lawmakers cite a 2021 study from the University of California, Berkeley that estimated crypto mining in upstate New York raised annual electricity bills by approximately $165 million for small businesses and $79 million for consumers. What's more, they say their investigation doesn’t even scratch the surface of the full impact of crypto mining on power use and emissions in the US. “None of the companies provided full and complete information in response to our questions,” they note. “The results of our investigation, which gathered data from just seven companies, are disturbing, with this limited data alone revealing that crypto miners are large energy users that account for a significant – and rapidly growing – amount of carbon emissions,” the letter states. By requiring crypto mining firms to disclose their energy use and emissions, the group says the EPA and Department of Energy could provide lawmakers with better data to inform future policy decisions. The agencies have until August 15th to respond to the request.... - Reddit Posts (Sample): [['u/TarkovReddit0r', 'It’s been around 9 months of bear market now - what do you think hasn’t happened yet ?', 612, '2022-08-23 00:54', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/', 'To summarize quickly what has happened:\n\n- a top alt coin and it’s stablecoin went to pretty much 0$\n\n- bitcoin has dropped -50%, climbed back up +66% just to fall again -66%\n\n- multiple exchanges took a heavy hit laying off workers and losing a lot of value\n\n- DEFI is losing trust \n\n- lenders like Celsius are bankrupt \n\n- NFT hype is in a freefall\n\n- crypto market cap has fallen from 1.6T to 650B USD$\n\nAnd outside of crypto we entered a recession, war, big inflation, housing market unstable, Chinese economy unstable, energy crisis in Europe and Covid / others are still around.\n\n*HOWEVER* I think we can all agree if we would’ve known all these things nobody would guess BTC would still be above 20k. And institutions are still trusting crypto as the recent pumps have shown as soon as the stock market has a relief.\n\nBut now comes the question:\n\nWhat is something you’ve been expecting to happen over the last months?\n\nSomething I’ve been waiting for is kinda a shake out of top alts and them getting replaced by new once. So far it looks like ( beside LUNA ofc ) nothing big has happened to the top 15 ranks. A few switched places but there’s no newcomer nor have others fell off.', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/', 'wv7vhi', [['u/karmanopoly', 45, '2022-08-23 00:56', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/ilduesw/', "The bottom hasn't happened yet.\n\n10 or 12k would be max pain", 'wv7vhi'], ['u/iPhone40', 51, '2022-08-23 00:58', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/ilduk6f/', 'The merge still hasn’t happened yet lol\n\nAlso Safemoon still hasn’t mooned', 'wv7vhi'], ['u/Odlavso', 19, '2022-08-23 00:59', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/ildusvr/', "I'm still waiting for the suicide hotline to be pinned. \n \nIsn't that supposed to signal the bottom?", 'wv7vhi'], ['u/IndubitablyBen', 11, '2022-08-23 01:00', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/ilduysi/', '$10,000 bitcoin', 'wv7vhi'], ['u/PopeyesGreenSpinach', 12, '2022-08-23 01:01', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/ildv36l/', 'Full on capitulation.', 'wv7vhi'], ['u/Slainte042', 17, '2022-08-23 01:03', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/ildv8y1/', 'The collapse of Tether.', 'wv7vhi'], ['u/deathbyfish13', 225, '2022-08-23 01:04', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/ildvhoj/', ">what do you think hasn't happened yet?\n\nWell speaking from experienc, I haven't made the millions of dollars I was promised when first getting into crypto lol. I thought it was meant to be \n- Buy bitcoin \n- ??? \n- Get lambo \n\nWhat gives?", 'wv7vhi'], ['u/deathbyfish13', 15, '2022-08-23 01:05', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/ildvl8j/', 'I thought it was pinned after the Luna fiasco?', 'wv7vhi'], ['u/Goonzoo', 17, '2022-08-23 01:08', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/ildvz39/', 'If we keep saying it might not happen!\n\nbecause sub is never right', 'wv7vhi'], ['u/surrender_the_juice', 38, '2022-08-23 01:08', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/ildw1xg/', 'My wife hasn’t come back yet.', 'wv7vhi'], ['u/AlligatorDerby', 25, '2022-08-23 01:10', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/ildw97x/', "Freedom Hasn't Expanded any...", 'wv7vhi'], ['u/CymandeTV', 112, '2022-08-23 01:11', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/ildwfir/', 'The bear market.', 'wv7vhi'], ['u/TarkovReddit0r', 12, '2022-08-23 01:12', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/ildwi7n/', '10k would be insane\n\nWhile I don’t want it to happen I kinda want to see the chaos ![gif](emote\|emo_pack_1\|candle_shaking)', 'wv7vhi'], ['u/DadofHome', 82, '2022-08-23 01:17', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/ildx452/', 'After 9 months I get cute baby bears .. right ?', 'wv7vhi'], ['u/MyFinancesMatter_', 27, '2022-08-23 01:33', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/ildz9g2/', 'Yeah, I really dont think its hit its absolute bottom yet.', 'wv7vhi'], ['u/notyourbroguy', 133, '2022-08-23 01:39', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/ile00vm/', 'Did you try turning it off and then on again?', 'wv7vhi'], ['u/classysax4', 11, '2022-08-23 01:42', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/ile0cgi/', 'You would also never expect that major stock indexes would be within 20% of their ATH. We haven’t seen the real drops yet.', 'wv7vhi'], ['u/bigglesmac', 29, '2022-08-23 02:01', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/ile2st5/', 'Defi collapses? Did I miss that week?', 'wv7vhi'], ['u/webb32503', 41, '2022-08-23 02:05', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/ile3cqn/', "Be patient, the major drop hasn't come yet. Let's see after the merge.", 'wv7vhi'], ['u/evelynvee', 75, '2022-08-23 02:07', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/ile3l69/', 'Bear market not bottomed until safemooners realized they have been scammed.', 'wv7vhi'], ['u/Automatic_Taste_7242', 20, '2022-08-23 02:12', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/ile485s/', 'Sooo never?', 'wv7vhi'], ['u/Automatic_Taste_7242', 40, '2022-08-23 02:17', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/ile4wef/', "If that doesn't solve it, the problem is somewhere between the seat and the keyboard.", 'wv7vhi'], ['u/SuleyGul', 19, '2022-08-23 02:19', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/ile55hu/', 'More i expect a shakeout of all the crap. Most of the top coins are probably here to stay this time. The market is more mature and those top coins are actually starting to build use cases and strong ecosystems. \n\nBut having 20,000 coins is crazy. There needs to be a huge number of those coins go to zero and gone.', 'wv7vhi'], ['u/InvestAn', 419, '2022-08-23 02:20', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/ile594b/', 'A macroeconomic full on recession....', 'wv7vhi'], ['u/Business-Typical', 31, '2022-08-23 02:21', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/ile5f8h/', 'Mate, it’s time we have _the talk_', 'wv7vhi'], ['u/troythedefender', 15, '2022-08-23 02:30', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/ile6j1m/', 'Still waiting for Vechain to hit top 5 with that UFC marketing partnership. It’s right there on the ring floor every match but nothing happens, lol. 😂', 'wv7vhi'], ['u/GummyZerg', 11, '2022-08-23 02:34', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/ile73s5/', 'Tether collapse', 'wv7vhi'], ['u/badadadok', 22, '2022-08-23 02:36', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/ile7f5a/', 'Let her go bro lots of alts in the sea', 'wv7vhi'], ['u/jgoforth2', 23, '2022-08-23 02:40', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/ile7ypt/', 'The bear market is never over until everyone is hopeless', 'wv7vhi'], ['u/the_far_yard', 14, '2022-08-23 02:46', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/ile8ovq/', 'Ah, yes. The talk about the bears and the bees.', 'wv7vhi'], ['u/Construction_Kitchen', 104, '2022-08-23 02:55', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/ile9wyp/', 'Half of these shitcoins need to be wiped', 'wv7vhi'], ['u/junglehypothesis', 84, '2022-08-23 03:04', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/ileb130/', "* MtGox finally releases BTC to creditors, but this is likely not this month, probably 2023. Build up is more impactful than the event, actual amount released is minimal vs volume.\n* Ethereum merge/fork is more a monumental screw-up than success. Eth price crashes, people realize it is highly centralized and censorable. We end up with three chains ETC, ETHPoS & ETHPoW. Lots of projects look to alternatives for distributed compute.\n* Mass liquidations of BAYC and other NFTs. Benddao bankrun and change of liquidation threshold from 90% to 70% causes cascading liquidations and further collapse in prices.\n* Scammer Craig Wright has his day in ... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin gained along with most other top 10 tokens by market capitalization in early morning trading in Asia, though Ether was the pace leader with the larger climb. U.S. equities were little changed overnight.\nSee related article:Markets: Bitcoin edges up, Ether posts biggest gain among top 10 tokens\n• Bitcoin added 0.6% to US$21,529 in the 24 hours to 8 a.m. in Hong Kong, while Ether added 2.51% to US$1,662, the largest gainer in the top ten,according to CoinMarketCap.\n• The two biggest tokens are still trying to shrug off a slump that has pushed Bitcoin 11% lower in the past seven days. Ether is down more than 13% in the same period ahead of the upcoming Merge of its blockchain.\n• All other tokens in CoinMarketCap’s top 10 were up less than 1%, with the exception of\xa0 BNB which slipped 0.1% to US$299.46. Solana gained 0.6% to US$36.35\n• Polkadot, which sits just outside the top 10, added 3.3% to US$7.64.\n• In equities, The Dow Jones Industrial Average finished Tuesday down 0.5%, the S&P 500 Index closed 0.2% lower, while the Nasdaq Composite Index was flat.\n• U.S. equities slumped Monday amid concerns about China’s slowing economy, while the direction of U.S. interest rates is another major concern for investors.\n• China’sunemployment outlaysreached a record US$5.4 billion in June, while heat waves and drought causepower outages in regionsthat rely on hydroelectricity. To try to revive economic growth, the country’scentral bank lowered lending interest ratesfor the second time in a week on Monday.\n• Investors remain on edge about further rises in interest rates in the U.S. to slow inflation, and are looking to the Federal Reserve’s annual economic policy symposium at Jackson Hole, Wyoming, on Friday for guidance on how the Fed may proceed.\nSee related article:New US bill to give CFTC oversight of cryptocurrencies may speed up crypto legislation in other markets', 'Bitcoin gained along with most other top 10 tokens by market capitalization in early morning trading in Asia, though Ether was the pace leader with the larger climb. U.S. equities were little changed overnight.\nSee related article:Markets: Bitcoin edges up, Ether posts biggest gain among top 10 tokens\n• Bitcoin added 0.6% to US$21,529 in the 24 hours to 8 a.m. in Hong Kong, while Ether added 2.51% to US$1,662, the largest gainer in the top ten,according to CoinMarketCap.\n• The two biggest tokens are still trying to shrug off a slump that has pushed Bitcoin 11% lower in the past seven days. Ether is down more than 13% in the same period ahead of the upcoming Merge of its blockchain.\n• All other tokens in CoinMarketCap’s top 10 were up less than 1%, with the exception of\xa0 BNB which slipped 0.1% to US$299.46. Solana gained 0.6% to US$36.35\n• Polkadot, which sits just outside the top 10, added 3.3% to US$7.64.\n• In equities, The Dow Jones Industrial Average finished Tuesday down 0.5%, the S&P 500 Index closed 0.2% lower, while the Nasdaq Composite Index was flat.\n• U.S. equities slumped Monday amid concerns about China’s slowing economy, while the direction of U.S. interest rates is another major concern for investors.\n• China’sunemployment outlaysreached a record US$5.4 billion in June, while heat waves and drought causepower outages in regionsthat rely on hydroelectricity. To try to revive economic growth, the country’scentral bank lowered lending interest ratesfor the second time in a week on Monday.\n• Investors remain on edge about further rises in interest rates in the U.S. to slow inflation, and are looking to the Federal Reserve’s annual economic policy symposium at Jackson Hole, Wyoming, on Friday for guidance on how the Fed may proceed.\nSee related article:New US bill to give CFTC oversight of cryptocurrencies may speed up crypto legislation in other markets', 'Bitcoin gained along with most other top 10 tokens by market capitalization in early morning trading in Asia, though Ether was the pace leader with the larger climb. U.S. equities were little changed overnight. See related article: Markets: Bitcoin edges up, Ether posts biggest gain among top 10 tokens Fast facts Bitcoin added 0.6% to US$21,529 in the 24 hours to 8 a.m. in Hong Kong, while Ether added 2.51% to US$1,662, the largest gainer in the top ten, according to CoinMarketCap . The two biggest tokens are still trying to shrug off a slump that has pushed Bitcoin 11% lower in the past seven days. Ether is down more than 13% in the same period ahead of the upcoming Merge of its blockchain. All other tokens in CoinMarketCap’s top 10 were up less than 1%, with the exception of\xa0 BNB which slipped 0.1% to US$299.46. Solana gained 0.6% to US$36.35 Polkadot, which sits just outside the top 10, added 3.3% to US$7.64. In equities, The Dow Jones Industrial Average finished Tuesday down 0.5%, the S&P 500 Index closed 0.2% lower, while the Nasdaq Composite Index was flat. U.S. equities slumped Monday amid concerns about China’s slowing economy, while the direction of U.S. interest rates is another major concern for investors. China’s unemployment outlays reached a record US$5.4 billion in June, while heat waves and drought cause power outages in regions that rely on hydroelectricity. To try to revive economic growth, the country’s central bank lowered lending interest rates for the second time in a week on Monday. Investors remain on edge about further rises in interest rates in the U.S. to slow inflation, and are looking to the Federal Reserve’s annual economic policy symposium at Jackson Hole, Wyoming, on Friday for guidance on how the Fed may proceed. See related article: New US bill to give CFTC oversight of cryptocurrencies may speed up crypto legislation in other markets View comments', "NEW YORK, NY - ( NewMediaWire ) - August 23, 2022 - AscendEX is excited to announce the listing of StonkLeague under the trading pair: $ AEGIS/USDT. Trading begins at 1:00 PM UTC on August 24th, 2022. StonkLeague is a digital asset gaming and trading platform, that enables retail traders to engage in fantasy trading games. Gamify the Investment Experience StonkLeague is a Gamified Index and DAO Protocol. In light of the volatility of crypto trading, StonkLeague provides fantasy trading games to win Bitcoin and Ethereum prizes, making it easier for retail traders to play, learn, and earn in a fun and secure way. Crypto influencers can also use StonkLeague to create NFT leagues to build their legitimacy and monetize their following. The Crypto Leagues The AEGIS token is an ERC-20 token that acts as the utility token of the StonkLeague platform. It entitles holders to perform governance by staking AEGIS and earn rewards. AEGIS is also available for raising grand armies and conquering NFT territories on StonkLeague's board game map. Crypto Leagues can only be purchased with AEGIS tokens, making it an indispensable part of the prehistoric battles. About AscendEX Launched in 2018, AscendEX is a global cryptocurrency exchange, servicing over 1.5 million retail and institutional clients globally, through its comprehensive product suite including spot, margin, and futures trading, wallet services, and staking support for over 200 blockchain projects such as Bitcoin, Ether, Solana, Cardana, and more. With the new listing of AEGIS token on AscendEX, it opens a new entry point for investors and gamers of all stripes to get paid to stay healthy and active! For more information and updates on AscendEX, please visit: Website: ascendex.com Twitter: twitter.com/_AscendEX Medium: medium.com/ascendex For more information and updates about StonkLeague, please visit: Website: https://www.stonkleague.com/ Twitter: https://twitter.com/stonkleague Telegram: https://t.me/stonkleague Story continues Media contact Brand: AscendEX Contact: Media team Email: [email protected] Website: https://ascendex.com/ PR Contact [email protected] https://finpr.agency SOURCE : AscendEX View the original release on www.newmediawire.com", "NEW YORK, NY - (NewMediaWire) - August 23, 2022 -AscendEXis excited to announce the listing of StonkLeague under the trading pair: $AEGIS/USDT. Trading begins at 1:00 PM UTC on August 24th, 2022. StonkLeague is a digital asset gaming and trading platform, that enables retail traders to engage in fantasy trading games.\nGamify the Investment Experience\nStonkLeague is a Gamified Index and DAO Protocol. In light of the volatility of crypto trading, StonkLeague provides fantasy trading games to win Bitcoin and Ethereum prizes, making it easier for retail traders to play, learn, and earn in a fun and secure way. Crypto influencers can also use StonkLeague to create NFT leagues to build their legitimacy and monetize their following.\nThe Crypto Leagues\nThe AEGIS token is an ERC-20 token that acts as the utility token of the StonkLeague platform. It entitles holders to perform governance by staking AEGIS and earn rewards. AEGIS is also available for raising grand armies and conquering NFT territories on StonkLeague's board game map. Crypto Leagues can only be purchased with AEGIS tokens, making it an indispensable part of the prehistoric battles.\nAbout AscendEX\nLaunched in 2018, AscendEX is a global cryptocurrency exchange, servicing over 1.5 million retail and institutional clients globally, through its comprehensive product suite including spot, margin, and futures trading, wallet services, and staking support for over 200 blockchain projects such as Bitcoin, Ether, Solana, Cardana, and more. With the new listing of AEGIS token on AscendEX, it opens a new entry point for investors and gamers of all stripes to get paid to stay healthy and active!\nFor more information and updates on AscendEX, please visit:\nWebsite:ascendex.com\nTwitter:twitter.com/_AscendEX\nMedium:medium.com/ascendex\nFor more information and updates about StonkLeague, please visit:\nWebsite:https://www.stonkleague.com/\nTwitter:https://twitter.com/stonkleague\nTelegram:https://t.me/stonkleague\nMedia contac Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-08-24 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $409,487,148,469 - Hash Rate: 205767438.2852376 - Transaction Count: 256606.0 - Unique Addresses: 649399.0 Social & AI Sentiment: - Fear & Greed Index: 0.25 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Wall Street isn’t shielded from a recession, and with inflation running rampant, it’s tough for investors to find places to hide. However, traders have started paying more attention than ever before to real estate stocks, as they see them becoming less volatile compared to other markets during tough financial times. The property market has been one of the few areas that has seen constant growth over recent years, which is why the best real estate investment stocks are under the scanner. Income investors gravitate toward real estate investment trusts (REITs) if they want to diversify their portfolios and reap substantial profits. The appeal of these trusts is that anyone can profit from real estate without having the hassle or cost associated with owning physical properties. Moreover, these firms must distribute the major portion of their taxable income to their stockholders to gain a more advantageous tax status. Hence, they represent an excellent investment opportunity for investors during the current downturn. With that in mind, let’s take a look at the seven best real estate stocks to buy now. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Source: T. Schneider / Shutterstock American Tower(NYSE:AMT) is a top REIT that leads the pack in the information transmission industry. Its primary business involves leasing its space on its communication sites. Over the years, it has grown its business at an incredible pace through acquisitions and organic growth. Demand for mobile data has risen at a staggering pace over the past decade, and the rise of 5G and fiber will only accelerate the trend. According toPrecedence Research, the 5G services market is likely to growat a mind-boggling 44.63%from 2022 to 2030. In sensing that opportunity, AMT has been growing its footprint at a healthy pace with its recent acquisitions, such as CoreSite and Telxius. It generates 52% of sales from its core North American markets, while the rest comes from other regions, including Asia, Latin America, Africa and Europe. Hence, it’s done well to expand and diversify its operations and cover virtually every top market. Source: Casimiro PT / Shutterstock.com Crown Castle(NYSE:CCI) has one of the most robust and diversified offerings in the U.S. communications business. It offers fiber, lease towers and small cells to its customers in various sectors. Also, it derives most of its sales from its towers division while generating the rest from its fast-growing fiber offerings. Moreover, these pieces of infrastructure are highly effective in high-density locations. Its business has a massive moat, and its infrastructure is crucial to wireless carriers. This is perhaps why it boasts a 98% to 99% renewal rate in its core segments. The bulk of its sales is from defensive clients, who typically have low churn rates, which decreases the risk of its business model. Additionally, it offers a handsome dividend payout of $5.88,with a yield of 3.23%. Source: Jerry Bergquist / Shutterstock.com Life Storage(NYSE:LSI) is a New-York based self-storage facilities provider, operating 1,105 stores in 36 states with a 92% same-store occupancy rate. It operates a highly diversified business, where it generates just 8.7% of sales from New York, while its other markets account for less than 50% of sales. Its average funds from operations have risen at an amazing 12% in the past three years. The growing remote work trend has resulted in migration out of major cities into smaller towns. Life Storage’s strong presence in secondary markets is likely to play in its favor. Moreover, the pace of its acquisitions has been rising at a brisk pace over the past three years, and it continues to spend millions on growing its business. Also, operating results remain robust for the year,with a 35.8%bump in revenues during its first quarter. To further solidify its bull case, it recently raised its dividend by 8%,taking its yield to 3.78%. Source: IgorGolovniov / Shutterstock.com Equity Residential(NYSE:EQR) is an established REIT that has interests in top-quality, multi-family properties. Its population of renters belongs in the high-income bracket, with an average household income of roughly $166,000. Hence, EQR’s tenants have household incomes that are higher than 80% of an average U.S. household. On top of that, its operations are supported by a robust balance sheet with over $2 billion in liquidity, which helps support its stable dividend growth. EQR boosted its full-year earnings guidance on the back of strong rent collection despite the rising inflationary pressures. During second-quarter earnings, Wall Street had a same-store net operating income that rose 19% from the prior-year period. Additionally, the apartment REIT sees its full-year fund from operations (FFO) per shareto grow to $3.48-$3.58from its previous guidance of $3.40-$3.50. Source: Tada Images / Shutterstock.com Opendoor(NASDAQ:OPEN)is a giant in iBuying, a nascent industry that could potentially blow up in the future. It aims to revolutionize the real estate business by offering a convenient and fluid system of buying and selling homes. If it can continue to build its lead against its competitors, it will become an overwhelming market leader. The business isn’t profitable yet, but it continues to make progress on that front through its growing revenue base. On a non-GAAP basis, its earnings before interest, taxes, depreciation and amortization (EBITDA) margins have improved remarkably from a negative 8% in 2017 to a positive 0.7% in 2021. With the improvement in sales, it could potentially break even soon. Source: rafapress / Shutterstock.com Kimco Realty(NYSE:KIM) is a REIT that has significant investments in open-air shopping centers. Its business struggled during the pandemic, but its lease business has shown immense strength in the past year. The trust had to deal with a hefty drop in operating income and portfolio occupancy, but its numbers have rebounded impressively in the last few quarters. In the second quarter,adjusted FFO came in at 40 cents, topping average analyst estimates of 38 cents. Moreover, its revenues of $427.2 million came in ahead of its consensus of $419.9 million. Additionally, its sales greatly improved from the $289.02 million it made during the second quarter.Net rental revenuescame in at $423.3 million, climbing from $285.7 million in the second quarter of 2021. Despite its dividend yield of close to 4% and stellar earnings, KIM stock trades at just 1.4 times price-to-book value. Source: Jonathan Weiss / Shutterstock.com Simon Property Group(NYSE:SPG) is one of the top mall REITs in the market. It owns an attractive mix of shopping, entertainment, dining, and other related assets. Moreover, it owns an 80% stake in Taubman Realty, one of the most popular regional mall REITs operating across Asia and America. Though it faces considerable headwinds at this time, its business has been fundamentally stable and offers plenty to long-term investors. Moreover,it offers an incredible 6.3% yield, with a payout ratio of over 100%. What the business has done so well is that it has diversified its portfolio of assets, which now includes outlets, hotels and residential properties. Therefore, its exposure to a wide variety of sectors in the hospitality space offers massive upside potential for SPG. On the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. • Buy This $5 Stock BEFORE This Apple Project Goes Live • The Best $1 Investment You Can Make Today • Early Bitcoin Millionaire Reveals His Next Big Crypto Trade “On Air” • It doesn’t matter if you have $500 or $5 million. Do this now. The postThe 7 Best Real Estate Stocks to Buy Nowappeared first onInvestorPlace.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin and Ether were little changed in Asia on Thursday morning, though Ether Classic rose. Solana and Cardano lost ground along with most other top 10 tokens by capitalization, though the global cryptocurrency market cap edged up 0.23% to US$1.03 trillion. Investors across all financial markets remain on edge about the direction of interest rates in the U.S. See related article: Markets: Dogecoin still in the dog house; Bitcoin, Ether make up some ground Fast facts Bitcoin lost 0.6% in the last 24 hours to trade at US$21,399 at 8 a.m. in Hong Kong, while Ether fell 0.3% to US$1,657, according to data from CoinMarketCap . Solana saw the biggest drop among the top 10 tokens, falling 2.1% to US$34.93. Cardano lost 1.5% to US$0.46. Ethereum Classic, the original chain the main Ethereum blockchain was forked from, rose 2.9% to US$35.31, as both networks attract attention in the lead-up to “ the Merge .” Cosmos gained 7.3% to US$13.00, posting gains of over 10% for the week as the crypto project Kujira announced the network would be hosting its new stablecoin project earlier this month. U.S. equities were little changed overnight. The Nasdaq Composite Index finished up 0.4%, the S&P 500 Index gained 0.3% and the Dow Jones Industrial Average closed 0.2% higher. On Friday, Federal Reserve Chair Jerome Powell is scheduled to make a keynote speech at the Fed’s annual economic symposium at Jackson Hole, Wyoming, where he is expected to outline the central bank’s views on inflation, and by extension the likely direction of interest rates in the world’s biggest economy. Beside concerns about U.S. interest rates, investors also have to contend with the widespread slowdown in China’s industrial production, construction and real estate industries. The world’s second-largest economy has also been hit by power shortages as drought and heatwaves reduced hydroelectric power generation in the country’s central-west. See related article: Tornado Cash arrest heralds storm season for crypto mixers', 'Bitcoin and Ether were little changed in Asia on Thursday morning, though Ether Classic rose. Solana and Cardano lost ground along with most other top 10 tokens by capitalization, though the global cryptocurrency market cap edged up 0.23% to US$1.03 trillion. Investors across all financial markets remain on edge about the direction of interest rates in the U.S.\nSee related article:Markets: Dogecoin still in the dog house; Bitcoin, Ether make up some ground\n• Bitcoin lost 0.6% in the last 24 hours to trade at US$21,399 at 8 a.m. in Hong Kong, while Ether fell 0.3% to US$1,657, according todata from CoinMarketCap.\n• Solana saw the biggest drop among the top 10 tokens, falling 2.1% to US$34.93. Cardano lost 1.5% to US$0.46. Ethereum Classic, the original chain the main Ethereum blockchain was forked from, rose 2.9% to US$35.31, as both networks attract attention in the lead-up to “the Merge.”\n• Cosmos gained 7.3% to US$13.00, posting gains of over 10% for the week as the crypto projectKujira announced the networkwould be hosting its new stablecoin project earlier this month.\n• U.S. equities were little changed overnight. The Nasdaq Composite Index finished up 0.4%, the S&P 500 Index gained 0.3% and the Dow Jones Industrial Average closed 0.2% higher.\n• On Friday, Federal Reserve Chair Jerome Powell is scheduled to make a keynote speech at the Fed’s annual economic symposium at Jackson Hole, Wyoming, where he is expected to outline the central bank’s views on inflation, and by extension the likely direction of interest rates in the world’s biggest economy.\n• Beside concerns about U.S. interest rates, investors also have to contend with the widespread slowdown in China’s industrial production, construction and real estate industries. The world’s second-largest economy has also been hit by power shortages as drought and heatwavesreduced hydroelectric power generationin the country’s central-west.\nSee related article:Tornado Cash arrest heralds storm season for crypto mixers', 'Bitcoin and Ether were little changed in Asia on Thursday morning, though Ether Classic rose. Solana and Cardano lost ground along with most other top 10 tokens by capitalization, though the global cryptocurrency market cap edged up 0.23% to US$1.03 trillion. Investors across all financial markets remain on edge about the direction of interest rates in the U.S.\nSee related article:Markets: Dogecoin still in the dog house; Bitcoin, Ether make up some ground\n• Bitcoin lost 0.6% in the last 24 hours to trade at US$21,399 at 8 a.m. in Hong Kong, while Ether fell 0.3% to US$1,657, according todata from CoinMarketCap.\n• Solana saw the biggest drop among the top 10 tokens, falling 2.1% to US$34.93. Cardano lost 1.5% to US$0.46. Ethereum Classic, the original chain the main Ethereum blockchain was forked from, rose 2.9% to US$35.31, as both networks attract attention in the lead-up to “the Merge.”\n• Cosmos gained 7.3% to US$13.00, posting gains of over 10% for the week as the crypto projectKujira announced the networkwould be hosting its new stablecoin project earlier this month.\n• U.S. equities were little changed overnight. The Nasdaq Composite Index finished up 0.4%, the S&P 500 Index gained 0.3% and the Dow Jones Industrial Average closed 0.2% higher.\n• On Friday, Federal Reserve Chair Jerome Powell is scheduled to make a keynote speech at the Fed’s annual economic symposium at Jackson Hole, Wyoming, where he is expected to outline the central bank’s views on inflation, and by extension the likely direction of interest rates in the world’s biggest economy.\n• Beside concerns about U.S. interest rates, investors also have to contend with the widespread slowdown in China’s industrial production, construction and real estate industries. The world’s second-largest economy has also been hit by power shortages as drought and heatwavesreduced hydroelectric power generationin the country’s central-west.\nSee related article:Tornado Cash arrest heralds storm season for crypto mixers', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin and ether trade sideways a day before the opening of the Fed\'s Economic Symposium.\nInsights:India likes crypto, new taxes and the bear market notwithstanding, a KuCoin survey found.\nCatch the latest episodes ofCoinDesk TVfor insightful interviews with crypto industry leaders and analysis. Andsign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context.\n●Bitcoin (BTC): $21,465+0.1%\n●Ether (ETH): $1,670+1.5%\n●S&P 500 daily close: 4,140.77+0.3%\n●Gold: $1,766 per troy ounce+1.1%\n●Ten-year Treasury yield daily close: 3.11%+0.05\nBitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found atcoindesk.com/indices.\nBitcoin Trades Flat a Day Before Fed Economic Symposium Starts\nBy James Rubin\nCrypto jitters continued Wednesday as Federal Reserve Chair Jerome Powell\'s next public comments about inflation and the economy neared.\nBitcoin and ether traded sideways. Bitcoin was recently changing hands at about $21,500, up a few fractions of a percentage point over the past 24 hours. After plunging late last week, the largest cryptocurrency by market value has been stubbornly clinging to its handhold above $21,000 amid largely tepid trading as investors wait for more clarity about the U.S. central bank\'s monetary policy going forward.\n"Bitcoin is not at the bottom and the crypto winter is not turning to spring quite yet," Stefan Rust, CEO of Layer1 blockchain and incubator Laguna, said in an email.\nEther was recently trading below $1,700, rising over 1% during the same period. The second-largest crypto by market value has been outperforming bitcoin over the past few weeks amid eager anticipation of the Ethereum blockchain Merge, which will shift the protocol from energy-sapping proof-of-work to faster, more environmentally friendly proof-of-stake.\nOther major altcoins were mixed with AVAX and SHIB slightly lower but ATOM rising more than 7%.\nMajor U.S. indexes broke a three-day skid, albeit not by much, with the tech-focused Nasdaq, S&P 500, which has a strong tech component, and the Dow Jones Industrial Average (DJIA) all rising a few ticks of a percentage point.\nMarkets have been running in place this week until Powell offers some hoped-for hint about the pace of the Fed\'s next interest rate hike. Minutes from last month\'s Federal Open Market Committee (FOMC) meeting have suggested that the bank will approve a third consecutive 75-basis point rate hike, although most indicators lately point to an economy slowing but not headed for recession – moderate enough to merit a dovish touch likely to please markets.\n"Like wider markets, cryptocurrency has been spooked by comments from the Fed, which has indicated that there will be no letup in 75 basis point rate hikes in the near future," Rust noted.\nOther observers are hoping that Powell will bring clarity to the current disconnect between investors perceptions and economic realities. “I’m looking forward to seeing if Powell can straighten the market out,” David Wessel, a senior fellow in economic studies at the Brookings Institution and a former Wall Street Journal economics editor,toldCoinDesk\'s Helene Braun. “At a time when the Fed’s public forecast is at odds with the market, he knows that this is his chance to steer the markets.”\n[{"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+7.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "+3.0%", "DACS Sector": "Entertainment"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "+1.8%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22122.3%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Shiba In Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-08-25 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $410,927,963,688 - Hash Rate: 224089196.48871768 - Transaction Count: 260460.0 - Unique Addresses: 656808.0 Social & AI Sentiment: - Fear & Greed Index: 0.25 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: DELRAY BEACH, FL, Aug. 22, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Moon Equity Holdings Corp. (OTC symbol MONI) The long-anticipated launch of BitGift® has now taken place; the first phase of our platform is now available to users in the United States with the temporary exceptions of New York and Hawaii. BitGift® was designed with an industry-brand-new ability to choose, store, send, and receive cryptocurrencies as a gift. BitGift® currently offers the following cryptocurrencies to be sent as gifts: BTC (Bitcoin), SOL (Solana), and certain Ethereum-compatible coins such as ETH (Ethereum), AVAX (Avalanche), MATIC (Polygon), and more. BitGift® offers its own hot wallet which supports storage for all aforementioned coins, and more coming soon. BitGift® is in the process of creating an enhanced hot wallet which will accommodate over 2,000 additional coins that will be coded for use in accordance with anticipated demand from our customers. BitGift® is currently working on integrating additional Ethereum, Bitcoin, and Solana groups of coins for use in the hot wallet which will be available shortly. Our programmers are also in the process of developing a BitGift® mobile application which will soon be made available for iOS and Android users. Gifting crypto on our website and mobile app will be a seamless experience for all users. Social media and marketing efforts have already been underway to build the BitGift® brand and to expand its user base. BitGift® is currently seeking additional partners and has plans for global expansion within North America, as well as expanding to South America, Europe & Asia. Visit our website to send a BitGift® now to your friends and family: https://theBitGiftcard.com/ In April 2022, MONI contracted with Blue Monkfish, a web design and digital product photography agency, to design, build, and manage the BitGift® website. The CEO of Blue Monkfish, Danny Sing, has been instrumental in forming several alliances for BitGift®. As a result, the BitGift® platform is now powered by and leveraged through Sardine, Streambird, Magic, and Stytch. The encryption security protocols for BitGift® are all controlled and implemented through Sardine, Streambird, Magic, and Stytch. MONI, through BitGift®, has contracted with Sardine, which is a platform that provides risk-free ACH, with instant fund settlement. The payment system for BitGift® is powered by Sardine. As stated on Sardine’s website, “[Their] team built the fraud prevention and compliance infrastructure that scaled both Coinbase and Revolut,” “fought ghost-riding at Uber, and built fraud protection for Bolt and PayPal.” With Sardine’s technology, BitGift® users will never have to worry about fraud; additionally, users will be able to process “fund settlement[s] without the wait times [for] bank payments, international remittances, virtual cards, and crypto,” as well as benefit from more payment options. BitGift® takes on full liability for chargebacks and returns. There will be instant account funding and payments using bank ACH that is regulatory compliant with instant bank ACH to crypto purchase. This BitGift® payment system is built for the Fintech Industry. Based on information existing from fighting fraud at the world's leading crypto and fintech companies, we have built a product that you can use with peace of mind. Sardine is licensed through BitLicense through the Department of Financial Services (DFS) and the Financial Action Task Force (FATF) Travel Rule. Story continues https://www.sardine.ai/ BitGift® has also contracted with Streambird, which provides top-of-the-line infrastructure tools for developers. Streambird will supply BitGift® with the ability to create a seamless and secure experience for our users to interact with our product. BitGift® chose to integrate our hot wallet through Streambird so we can provide our users with flexibility. Users will have the ability to move their assets from the BitGift® platform into other personal wallets if they desire. Streambird provides BitGift® with “one API & SDK for passwordless auth[entication], wallet login, wallet creation, key management & KYC.” Streambird’s API is used to “streamline [developer’s] Web3 user onboarding using [their] unified future-proof identity infrastructure;” it also enables developers to utilize “an email, phone number, or social login” so that users can seamlessly create and access their BitGift® account. All of these enhanced features are what help make BitGift® one of the most seamless, safest, and highest-security encryption platforms for sending and receiving crypto. https://streambird.io/ BitGift®, through Streambird, is powered by Magic, which is the “#1 user authentication and private key management solution for Web3 and Web2.” Magic provides “secure and seamless Web3 experiences”, such as simple onboarding, unified wallet UX, secure transaction and wallet management, and more. Further, Magic boasts compatibility with 30+ programming languages and 20+ blockchains. Additionally, they have amassed over 91 thousand developers who support over 9 million users. Through the use of passwordless authentication (also known as “magic links”), Magic provides “enterprise-grade security and compliance” to their end users which ensures “peace of mind without using passwords, seed phrases, solving crypto adoption key challenges,” and more, which further enforces account security. https://magic.link/ “Magic encrypts all of its databases, snapshots, automated backups and replicas with the industry-standard AES-256 encryption algorithm. The encryption and decryption are done automatically when data is written and read from the data storage.” “Magic is regularly audited by NCC Group as well as internal and contract security professionals.” https://magic.link/docs/home/security “The NCC Group is an information assurance firm headquartered in Manchester, United Kingdom. Its service areas cover software escrow and verification, cyber security consulting and managed services. NCC Group claims over 15,000 clients worldwide.” The NCC Group has “a significant market presence in North America, the UK, continental Europe and a rapidly growing footprint in Asia Pacific.” https://www.nccgroup.com/uk/ https://www.nccgroupplc.com/what-we-do/at-a-glance/ Finally, BitGift® will be contracting with Stych, which also “provides simple and secure passwordless authentication solutions.” “Stytch is compliant with a range of industry standards and frameworks,” and they “[maintain] a SOC 2 type II report attesting to the company’s compliance with the AICPA’s Trust Service Criteria.” “Stytch is compliant with the Health Insurance Portability and Accountability Act [HIPAA] as a business associate.” “Stytch is committed to complying with and helping its customers comply with the General Data Protection Regulation (EU 2016/679 GDPR) and California Consumer Privacy Act (2018 CCPA).” https://stytch.com/ https://stytch.com/blog/4-ways-to-use-stytchs-embeddable-magic-links%EF%BF%BC/ https://stytch.com/docs#security_compliance Now anyone can “Give the Gift of Investment” through BitGift®, which converts hard currency into crypto by sending funds through a safe and efficient manner that is very secure and reliable. With BitGift®, users can utilize their gifted funds to invest in and accrue value on any cryptocurrencies of their choosing that are offered on the BitGift® platform. They will also have the ability to use their BitGift® digital hot wallet to make purchases anywhere that gift cards are accepted. BitGift® is Moon Equity Holdings Corp’s first revenue-generating product delivered through its newly created platform. “A lot of work went into the integration of Sardine, Streambird, Magic, and Stytch in union with the BitGift® platform. The platform has now been completed, and the company can now move forward with putting itself in position to generate significant revenues,” said Mr. Sing, CEO of Blue Monkfish. Sardine expects the use of credit cards to be available as an additional payment method in the coming weeks. Soon, BitGift® users will have the ability to cash out from their BitGift® hot wallet and transfer the funds to their debit/credit card in the near future, which will be powered by Sardine. BitGift® will be providing 24-hour email-based customer service to all users, and will offer as close to an immediate response as possible for our customers. MONI will generate revenues from the standardized service fees that will be received every time somebody sends a gift through BitGift® or uses any one of its other featured products through the platform. Each service fee consists of a 50/50 split between Sardine and MONI that is estimated to range from a minimum of .50 to $1.50 per transaction for each company for each of the products and services provided. The company expects a high transaction rate of its products and services daily. The company expects to achieve its first milestone of selling 100,000 cards in short order. The second milestone will be to sell over 500,000 cards. The third milestone will be to sell over 1,000,000 cards annually and have over one million annual users. The company believes that it will have at least a 70% net profit margin from the revenues generated, because its operation is automated. A global marketing program is being put in place to make sure these milestones are achieved. The minimum amount of $50 and the maximum amount of $2,000 will be allowed for each BitGift® transaction to go into newly created wallets. Users will be allowed to do as many $2,000 transactions as they desire. A large variety of additional products are on track to be released soon, now that the platform has been created. Currently, BitGift® allows users to utilize a hot wallet within their account which acts as liquid online storage. Additionally, BitGift® plans to implement another new feature that will allow users to turn in old, unused gift cards for crypto; this means that unus... - Reddit Posts (Sample): [['u/PotassiumEnjoyer', 'Good ways to earn interest on your holdings?', 102, '2022-08-25 00:02', 'https://www.reddit.com/r/CryptoCurrency/comments/www59f/good_ways_to_earn_interest_on_your_holdings/', 'Greetings, good peoples! What are some good ways to earn interest on your holdings now?\n\nI will mention some that I know:\n\nBinance.com - They have decent rates for staking / savings. What I find most interesting is their 10% APY on stablecoins (BUSD, USDT) and 5% APY on BTC. \n\nGemini - They have 7.15% on GUSD, 5%+ on DAI / USDC\n\nAfter, Celsius I am afraid of CeFI for the moment. Gemini is very well audited and Binance.com is by far the biggest exchange so I feel safe with them.\n\nWhat do you guys have in store for me? Anything worth checking? DeFi?', 'https://www.reddit.com/r/CryptoCurrency/comments/www59f/good_ways_to_earn_interest_on_your_holdings/', 'www59f', [['u/Rollthewindowzup', 82, '2022-08-25 00:04', 'https://www.reddit.com/r/CryptoCurrency/comments/www59f/good_ways_to_earn_interest_on_your_holdings/ilnjo1w/', 'On-chain staking is the way to go. No third party involved.', 'www59f'], ['u/Narrow_Television695', 17, '2022-08-25 00:06', 'https://www.reddit.com/r/CryptoCurrency/comments/www59f/good_ways_to_earn_interest_on_your_holdings/ilnjyzf/', 'Well binance is the only cex I trust. They have proved many times why they are the largest exchange in the world.', 'www59f'], ['u/Maxx3141', 25, '2022-08-25 00:07', 'https://www.reddit.com/r/CryptoCurrency/comments/www59f/good_ways_to_earn_interest_on_your_holdings/ilnk0x6/', 'This is the way.\n\n But sadly OP looks into "staking" stablecoins and BTC, but that is just lending.', 'www59f'], ['u/SoftPenguins', 44, '2022-08-25 00:13', 'https://www.reddit.com/r/CryptoCurrency/comments/www59f/good_ways_to_earn_interest_on_your_holdings/ilnkyjz/', 'Celsius or Voyager. Some of the largest names in the business and are trusted with pension funds and 10’s of billions of dollars. It’s as close to risk free as you can possibly get.', 'www59f'], ['u/BlazingHotFireFox', 18, '2022-08-25 00:14', 'https://www.reddit.com/r/CryptoCurrency/comments/www59f/good_ways_to_earn_interest_on_your_holdings/ilnl1ni/', "Kraken is a CEX I prefer since I can't Binance.", 'www59f'], ['u/TwoStepLaunch', 10, '2022-08-25 00:15', 'https://www.reddit.com/r/CryptoCurrency/comments/www59f/good_ways_to_earn_interest_on_your_holdings/ilnlazd/', '😂 😂 😂 seriously, some people will never learn.', 'www59f'], ['u/LogicIsTheSecret', 11, '2022-08-25 00:18', 'https://www.reddit.com/r/CryptoCurrency/comments/www59f/good_ways_to_earn_interest_on_your_holdings/ilnlrzn/', 'Alex will take good care of your money.', 'www59f'], ['u/hcollector', 10, '2022-08-25 00:20', 'https://www.reddit.com/r/CryptoCurrency/comments/www59f/good_ways_to_earn_interest_on_your_holdings/ilnlz5r/', 'Quite sure that was meant as comedy. Personally I would advice against any interest platforms, we have seen enough evidence now that it carries considerable risks.', 'www59f'], ['u/TruthSeeekeer', 29, '2022-08-25 00:21', 'https://www.reddit.com/r/CryptoCurrency/comments/www59f/good_ways_to_earn_interest_on_your_holdings/ilnm4ci/', 'Celsius is a cautionary tale for all', 'www59f'], ['u/Hank___Scorpio', 71, '2022-08-25 00:21', 'https://www.reddit.com/r/CryptoCurrency/comments/www59f/good_ways_to_earn_interest_on_your_holdings/ilnm6dt/', "If you aren't on chain staking from a wallet you control keys of, you're lending. Stop getting it twisted people.", 'www59f'], ['u/anaykiin', 18, '2022-08-25 00:22', 'https://www.reddit.com/r/CryptoCurrency/comments/www59f/good_ways_to_earn_interest_on_your_holdings/ilnmaak/', "I wish people would stop getting so hung up on tiny % differences between platforms. That's the kind of thinking that persuades fools to put all their holdings in small time lending platforms only to lose it all when said platform goes under.\n\nDo yourself a favour and choose a method of passive income that is likely to survive in the absolute worst case scenario and don't sweat if its 1 or 2% lower. It will barely make a difference in the long run", 'www59f'], ['u/thegooddocgonzo', 31, '2022-08-25 00:23', 'https://www.reddit.com/r/CryptoCurrency/comments/www59f/good_ways_to_earn_interest_on_your_holdings/ilnmfet/', 'Worth mentioning that the 5% on BTC only applies to the first .01 BTC. Any more than that and the APY drops right off.', 'www59f'], ['u/polloponzi', 15, '2022-08-25 00:25', 'https://www.reddit.com/r/CryptoCurrency/comments/www59f/good_ways_to_earn_interest_on_your_holdings/ilnmpmm/', '>No third party involved.\n\nBut you have:\n\n* Smart contract hack risk (have you audited the code of the smart contract you use for staking or have you checked if it has been audited by a trustworthy third party??)\n* If you are staking token pairs (providing liquidity) then you have the risk of [impermanent loss](https://academy.binance.com/en/articles/impermanent-loss-explained)\n* Risk of your computer being hacked or compromised: do you use meta-mask and a browser? I hope you have the system updated and a good anti-virus.', 'www59f'], ['u/FootyG94', 12, '2022-08-25 00:42', 'https://www.reddit.com/r/CryptoCurrency/comments/www59f/good_ways_to_earn_interest_on_your_holdings/ilnpb85/', 'Mtgox was also the largest exchange in the world..', 'www59f'], ['u/Stoopiddogface', 10, '2022-08-25 00:49', 'https://www.reddit.com/r/CryptoCurrency/comments/www59f/good_ways_to_earn_interest_on_your_holdings/ilnqaz1/', "For the love of God get your coins off the exchange. For so many reasons \n\nIf interest is what you're craving lo9kup ATOM and the cosmos", 'www59f'], ['u/jewishfranzia', 89, '2022-08-25 01:27', 'https://www.reddit.com/r/CryptoCurrency/comments/www59f/good_ways_to_earn_interest_on_your_holdings/ilnvrte/', 'Celsius. I haven’t look in while but I keep my 6 figure profile in there', 'www59f'], ['u/crypt0_sports', 14, '2022-08-25 01:37', 'https://www.reddit.com/r/CryptoCurrency/comments/www59f/good_ways_to_earn_interest_on_your_holdings/ilnx3ef/', 'Legendary', 'www59f'], ['u/chance_waters', 13, '2022-08-25 01:44', 'https://www.reddit.com/r/CryptoCurrency/comments/www59f/good_ways_to_earn_interest_on_your_holdings/ilny5tn/', "Yes, because offering higher is totally unsustainable, this keeps you in their system, it's essentially a product marketing budget.", 'www59f'], ['u/evelynvee', 22, '2022-08-25 02:10', 'https://www.reddit.com/r/CryptoCurrency/comments/www59f/good_ways_to_earn_interest_on_your_holdings/ilo1ngj/', "Last time I check, they're being nice by activating Force HODL so we're not paperhanding during this bear market", 'www59f']]], ['u/Skipped_College', 'Everyone calm down and smoke a cigarette!', 49, '2022-08-25 00:04', 'https://www.reddit.com/r/Bitcoin/comments/www734/everyone_calm_down_and_smoke_a_cigarette/', "The FOMO on this sub is beyond paranoia!\n\nPlease take a breath and relish in the fact that you're still way ahead of the game. \n\nSustainably and patiently stack Sats while you live and enjoy life. You should feel secure and content that you're set to accumulate more and more.\n\nYou don't need to own 1 Bitcoin either, just accumulate what you comfortably can without risking short term financial ruin. Don't get tunnel vision on Bitcoin, as we all know it's not going anywhere and that your Bitcoin is safe if you property setup your wallet.", 'https://www.reddit.com/r/Bitcoin/comments/www734/everyone_calm_down_and_smoke_a_cigarette/', 'www734', [['u/kraken-community', 29, '2022-08-25 00:13', 'https://www.reddit.com/r/Bitcoin/comments/www734/everyone_calm_down_and_smoke_a_cigarette/ilnkx3v/', 'Avoid the FOMO and the paranoia but I do have to mention smoking may be injurious to health but stacking Sats is likely not.\n\nEnjoy life!\n\n\\-Moose', 'www734'], ['u/johnstone-techs', 41, '2022-08-25 01:31', 'https://www.reddit.com/r/Bitcoin/comments/www734/everyone_calm_down_and_smoke_a_cigarette/ilnwc3j/', 'I quit 6 years ago. If I smoked one today, I would smoke the whole pack. Hard pass.', 'www734'], ['u/kraken-community', 18, '2022-08-25 01:50', 'https://www.reddit.com/r/Bitcoin/comments/www734/everyone_calm_down_and_smoke_a_cigarette/ilnyy3d/', 'Thanks! We often find ourselves having some friendly banter between us about who the community likes best ;) \n\n\\-Moose', 'www734'], ['u/godofleet', 20, '2022-08-25 02:17', 'https://www.reddit.com/r/Bitcoin/comments/www734/everyone_calm_down_and_smoke_a_cigarette/ilo2ozl/', 'Quit all nicotine and put that value into Bitcoin', 'www734'], ['u/EverlastingEmus', 18, '2022-08-25 05:58', 'https://www.reddit.com/r/Bitcoin/comments/www734/everyone_calm_down_and_smoke_a_cigarette/ilovn4o/', 'Hey man don’t tell me to smoke. I quit', 'www734'], ['u/Skipped_College', 11, '2022-08-25 06:05', 'https://www.reddit.com/r/Bitcoin/comments/www734/everyone_calm_down_and_smoke_a_cigarette/ilowgi2/', 'Stay quit 👍', 'www734'], ['u/flivflov', 15, '2022-08-25 07:27', 'https://www.reddit.com/r/Bitcoin/comments/www734/everyone_calm_down_and_smoke_a_cigarette/ilp4gp0/', 'Nicotine is far from the best drug lol.', 'www734']]], ['u/TaxableCitizen', 'Rare Signal Emerges Hinting Now Is The Best Time To Buy Bitcoin', 134, '2022-08-25 00:49', 'https://www.reddit.com/r/CryptoCurrency/comments/wwxahn/rare_signal_emerges_hinting_now_is_the_best_time/', 'Anytime is a good time', 'https://bitcoinmagazine.com/markets/rare-signal-says-now-best-time-to-buy-bitcoin', 'wwxahn', [['u/Ethan0307', 10, '2022-08-25 00:51', 'https://www.reddit.com/r/CryptoCurrency/comments/wwxahn/rare_signal_emerges_hinting_now_is_the_best_time/ilnqkmp/', 'Every time is the best time to buy bitcoin', 'wwxahn'], ['u/CryptDro', 20, '2022-08-25 00:53', 'https://www.reddit.com/r/CryptoCurrency/comments/wwxahn/rare_signal_emerges_hinting_now_is_the_best_time/ilnqxj3/', 'Bitcoin IS rare. Buy BTC.', 'wwxahn'], ['u/TaxableCitizen', 12, '2022-08-25 00:54', 'https://www.reddit.com/r/CryptoCurrency/comments/wwxahn/rare_signal_emerges_hinting_... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening: Prices: Thursday offered the latest episode of crypto sideways trading this week. Insights: Some crypto miners are selling power capacity to offset the loss of revenue in the current bear market. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. And sign up for First Mover , our daily newsletter putting the latest moves in crypto markets in context. Prices ● Bitcoin ( BTC ): $21,438 −0.9% ● Ether ( ETH ): $1,663 −2.1% ● S&P 500 daily close: 4,199.12 +1.4% ● Gold: $1,771 per troy ounce +0.7% ● Ten-year Treasury yield daily close: 3.03% −0.08 Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found at coindesk.com/indices. Bitcoin and Ether Remain in Their Recent Holding Patterns By James Rubin A day before Jerome Powell\'s long-awaiting address at the Federal Reserve\'s conclave in Wyoming, bitcoin idled in roughly the same place it has held for much of the week – comfortably above $21,000. The largest cryptocurrency by market value was recently trading at about $21,500, roughly flat over the past 24 hours as nervous investors continued their vigil for the U.S. central bank chair\'s comments Friday that might hint at the Fed\'s next interest rate hike. Several central bank governors talked to media outlets but offered few clues on whether the bank will continue its current hawkishness by approving another 75 basis point hike (which would likely send asset markets – crypto and traditional – spiraling) or ratchet back the rate to a more moderately aggressive 50 points. "People are going to be looking for some sort of dovish tilt and if we don\'t get it, it could be kind of ugly," said Matthew Tuttle, CEO and chief investment officer of exchange-traded fund provider Total Capital Management. Story continues Ether continued its recent pattern of outperforming bitcoin. The second-largest crypto in market capitalization was recently trading just below $1,700, up more than a percentage point over the same period. Other major altcoins were mixed, with popular meme coin SHIB and CVC each recently rising more than 6% but EOS and KNC off over 2% and 1%, respectively. Still, cryptocurrencies related to non-fungible tokens (NFT) and the metaverse have underperformed over the past week, a result of sagging sentiment about the NFT market. The Flow network’s FLOW token , which can be used to build NFTs and decentralized applications ( dapps ), slumped 20% during the past seven days. FLOW’s decline was the second largest during that period among 52 cryptocurrencies with a market cap over $1 billion, according to crypto data and analysis firm Messari. Other NFT and metaverse-related tokens that have sunk include AXS , GALA , MANA and GMT , which all fell between 14% and 20%. Equities Equity indexes closed higher after the U.S. Commerce Department released data showing that the economy contracted at a lower rate in the second quarter than preliminary estimates indicated. The tech-focused Nasdaq, the S&P 500 and the Dow Jones Industrial Average (DJIA) all climbed at least one percent. Investors were also buoyed by a slight decline in jobless claims underscoring the continued resilience of the economy. Oanda senior market analyst Edward Moya called the most recent indicators "the perfect appetizer for Friday’s hawkish Fed Chair Powell speech." Moya added that "there is still a chance that this unbalanced economy will get a soft landing and that should prevent stocks from seeing severe downward pressure." In crypto industry news, Voyager Digital, the lender whose collapse into bankruptcy worsened this year’s crypto market crisis, is attracting takeover interest from some of the biggest players in the space including exchanges Binance and FTX, according to people familiar with the matter. And Sam Bankman-Fried\'s FTX Ventures denied a Bloomberg report Thursday that the venture capital arm of FTX and the VC operations of sister company Alameda Research would be merging. Total Capital\'s Tuttle warily noted that bitcoin\'s price remains "below all the major moving averages." "It looks like a bear flag," he said. "We\'re seeing "some support around that 20,800 level. If the market doesn\'t hear what it wants to hear on Friday, that\'s where crypto heads. If the market hears what it wants to hear, we\'re moving back up." Biggest Gainers Asset Ticker Returns DACS Sector Cardano ADA +3.5% Smart Contract Platform Shiba Inu SHIB +1.8% Currency Terra LUNA +1.1% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Gala GALA −5.0% Entertainment Chainlink LINK −4.8% Computing Avalanche AVAX −3.4% Smart Contract Platform Insights A Bear Market Survival Strategy for Some Crypto Miners By Aoyon Ashraf The continued bear market has battered crypto miners more than other companies as their main revenue comes from mining the digital assets. Now, miners may have found a different way to offset some of their losses – selling power back to the grid. Crypto miners consume tremendous amounts of energy to mine their digital assets, and power cost is the main variable to their profit margins. With the price of bitcoin down more than 50% this year and power costs rising, their margins have shrunk significantly. However, some miners are now actually getting paid to shut down operations and release electricity capacity back to the grid during peak demand periods, while lowering their power cost. “The ability for some mining companies to either generate power to sell to the grid or perform demand-response gives them an additional profitability option,” said Ethan Vera, chief operating office of the full-stack bitcoin (BTC) mining software and services provider Luxor Tech. Riot and Mawson Most recently, one of the largest bitcoin miners, Riot Blockchain (RIOT), said it earned an estimated $9.5 million in power credits by shuttering its mining operations in Texas during an extreme heat wave. The miner said it lowered its power cost significantly using this strategy. Another bitcoin miner, Mawson Infrastructure (MIGI), said it generated $1.8 million in unaudited revenue by engaging in similar types of strategy as Riot. “When energy prices are low, Mawson engages in bitcoin mining and generates revenue by selling self-mined bitcoin daily, as it has from inception,” the miner said in a statement . “When energy prices are high, and where available, Mawson engages in Energy Demand Response Programs , receiving revenue and reducing overall energy costs,” it added. One caveat to this strategy is that a miner must have a fixed-price purchasing power agreement, rather than buying electricity in the spot market. For example, Argo Blockchain (ARBK) said that unlike Riot, it wasn’t able to participate in demand response in Texas as it has been paying spot market prices , which have been higher in recent months. However, miners who can take advantage of this strategy during summer\'s heat, could benefit significantly even as the bear market continues. “In the current environment mining economics have fallen, while energy prices have soared, making it an opportune time for these miners to sell power to the grid. In many cases miners can make over double per kWh by selling power rather than mining,” Luxor’s Vera said. Important events 9 p.m. HKT/SGT(11 a.m. UTC): Fed Chair Jerome Powell speech at Economic Symposium in Jackson Hole, Wyoming. 4 p.m. HKT/SGT(8 a.m. UTC): Europe M3 money supply (July/3M/YoY) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin Continues Holding Pattern Over $21K; The Sandbox Co-Founder on Metaverse Outlook Bitcoin (BTC) and ether (ETH) traded sideways a day before Federal Reserve Chairman Jerome Powell\'s speech at Jackson Hole. Plus, "First Mover" had a conversation with The Sandbox co-founder Sebastien Borget about the future of the metaverse and Alpha Season 3. Headlines Crypto Exchange CoinSwitch Kuber Searched by Indian Authorities: Source: Five premises tied to CoinSwitch Kuber are reportedly being searched. Ex-S. Korean Finance Minister Yong-Beom Kim Appointed as CEO of Hashed Open Research: The research arm of crypto venture capital fund Hashed is looking to bridge the gap between the blockchain industry and the South Korean government. Polygon Founder’s Crypto VC Firm Raises $50M Fund: Symbolic Capital plans to back early-stage Web3 projects Ether Leads Crypto Recovery on Merge Confirmation, but Traders Remain Cautious: Buying ether ahead of the Merge is likely an overextended play, one trader said. Afghan Authorities Shut Down 16 Crypto Exchanges in One Week: Report: Police reportedly closed the exchanges and arrested their staff after Afghanistan\'s central bank stated that digital currency trading should be stopped, citing problems and scams. Longer reads BitBoy Lost His Lawsuit the Instant He Filed It: The YouTube cryptocurrency promoter is only drawing more attention to the pump and dump-filled oeuvre he\'d rather suppress. (He has since decided to drop the defamation lawsuit.) Other voices: Crypto’s massive marketing efforts have drawn few new investors (The Washington Post) Said and heard Today marks a new phase in the Collectible Avatars journey. One that may finally answer the question, “What are all these internet points good for?” Starting today, we will begin air-dropping Collectible Avatars to our top community builders… for free. To thank top karma earners for the contributions they\'ve made to their Reddit communities, qualifying redditors will be able to choose from four distinct new styles of Collectible Avatars: Aww Friends. Drip Squad. Meme Team. The Singularity Keep an eye on your feed to see if you qualify, and find your avatar squad! ( Reddit ) ... this Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-08-26 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $413,936,640,594 - Hash Rate: 248048418.754807 - Transaction Count: 262722.0 - Unique Addresses: 686060.0 Social & AI Sentiment: - Fear & Greed Index: 0.27 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin’s ( BTC ) price continued its ascent in Thursday trading, rising 4% despite a negative U.S. gross domestic product (GDP) report. The quarterly growth rate declined 0.9% relative to estimates for a 0.5% increase. The decrease marks the second consecutive quarter for negative GDP growth, which historically has signaled an economic recession. This article originally appeared in Market Wrap , CoinDesk’s daily newsletter diving into what happened in today's crypto markets. Subscribe to get it in your inbox every day . Officially the National Bureau of Economic Research determines when the U.S. has entered recession, dependent on a range of factors. Following the Thursday report, yields of U.S. Treasury notes declined, with the yield on 10-year notes surpassing yields on two-year notes. Bond yields have an inverse relationship with prices, meaning when one rises the other falls. When Treasury bond yields fall, it implies the notes are being purchased. Investors often purchase the safer Treasury bonds (rather than stocks or crypto) when they doubt the strength of the overall economy. In traditional equity markets, the S&P 500 and the Dow Jones Industrial Average increased by 1.2% and 1.1%, respectively. Ether’s (ETH) price increased as well on Thursday, rising by another 9% following Wednesday’s 16% jump. Altcoins were in positive territory, too, with Cosmos’ ATOM token jumping by 8% while Polkadot’s DOT rose by 9%. Latest prices ● Bitcoin ( BTC ): $23,900 +4.4% ● Ether ( ETH ): $1,742 +7.8% ● S&P 500 daily close: 4,072.43 +1.2% ● Gold: $1,774 per troy ounce +3.2% ● Ten-year Treasury yield daily close: 2.68% −0.05 Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found at coindesk.com/indices. Does Potential Trouble for the US Economy Signal Higher Asset Prices? By Glenn Williams Jr. Bitcoin continued to move higher on Thursday, pushing past $23,000, despite a GDP report that showed second-quarter decline rather than growth. The negative 0.9% reading follows last quarter’s 1.6% decline and missed projections for a 0.5% increase in growth. Still, asset classes across the board responded favorably, with prices in both traditional finance and cryptocurrencies moving higher as investors saw evidence the economy is slowing at a slower, more desirable rate instead of plunging into recession. Bond markets were more skeptical, with the yields for the two-year Treasury note surpassing yields for the 10-year Treasury note, resulting in an inverted yield curve. An inverted yield curve is an interest rate environment in which long-term debt instruments have a lower yield than short-term debt instruments of the same credit quality. The purchase of Treasury notes is essentially a loan to the U.S. government with the expectation the loan will be paid back with interest (i.e., the yield rate). Story continues When the yield for a two-year loan is higher than the yield for a 10-year loan, bond markets require a higher rate of interest for a short-term loan than they would for a longer-term loan. Historically in the U.S., such scenarios have been a precursor to recession. The below image shows the spread between yields on the 10-year and two-year Treasury notes, and how the spread has been in decline since March of 2021. Shaded regions indicate areas of recession, which have historically occurred 12-18 months following inversion. 10-year Treasury bond constant maturity minus 2-year Treasury bond constant (Federal Reserve Bank of St. Louis) The higher asset prices in the aftermath of negative economic data suggest that markets expect the Federal Reserve to take a milder approach to reducing inflation, and may put policies in effect that are favorable to asset prices. Meanwhile, a Commitment of Traders (COT) report is showing signs that speculators are adding to long bitcoin positions. The report provides a weekly snapshot of positions held by traders in futures markets and is published by the Commodity Futures Trading Commission (CFTC). The positions of small speculators are denoted in blue (see below), while the positions of “large speculators” (i.e., asset managers) are denoted in green. Beginning around July 11, the COT report shows that small speculators are net long BTC because they’ve breached the center line (0.0), thereby moving into positive territory. In the past, small and large speculators have often been opposite each other (i.e., October 2021), with institutions likely to be short BTC when retail investors are long. Bitcoin/U.S dollar (Optuma) Options markets have been giving bullish BTC signs as well, for the moment. When looking at BTC by strike price there is a large concentration of call option volume, and open interest at the $25,000 price level. For context, a call option gives the purchaser the right but not the obligation to buy BTC at a specific price level (the strike price). The existence of significant volume at a strike price above the current price can be viewed as an indication of bullish sentiment. BTC options open interest by strike price (Coinglass) Altcoin roundup How the Golden State Warriors Gamified Fandom With NFTs: Silicon Valley's National Basketball Association team tokenized its performance on the courts. This piece is part of CoinDesk's Sports Week. Read more here. ApeCoin Proposal to Fund 24-Hour BAYC News Site Wins Community Approval: The Bored Ape Gazette will focus on all Yuga Labs projects while including non-fungible token (NFT) market data. Read more here. Step Finance Acquires SolanaFloor to Provide DeFi, NFT Data Insights: Once a customer of SolanaFloor's, Step Finance is expanding from a focus on decentralized finance to also include non-fungible tokens. Read more here. Relevant insight Listen 🎧 : Today’s "CoinDesk Markets Daily" podcast discusses the latest market movements. US Senate Republican Seeking Bipartisan Support for Stablecoin Oversight Effort: The ranking Republican on the Senate Banking Committee is talking to Democrats, including Chairman Sherrod Brown, to gain broader support. Crypto Fund Variant Commits $450M to Backing Web3, DeFi Projects : A $150 million seed fund will focus on Web3 and a separate $300 million opportunities fund will double down on portfolio projects. Cross-Chain Bridge Nomad Reveals Crypto Heavyweight Backers for $22.4M Funding Round: Coinbase Ventures and OpenSea were among the additional backers named for the April funding round. French Lawmaker Calls for Crypto Committee as Legal Questions Loom: A new Senate grouping is needed to educate lawmakers about the risk of crime using virtual assets, the Centrist Union’s Nathalie Goulet told CoinDesk. What Is a Flash Loan?: A guide to one of DeFi’s most innovative and controversial features. US Sen. Brown Pressures Apple, Google on Fake Crypto Investing Apps: Senate Banking Committee Chairman Sherrod Brown sent letters to tech giants, questioning them on their efforts to prevent scams that are costing investors millions of dollars. First Mover Americas: No Recession for Bitcoin as U.S. GDP Shrinks, Zipmex Files for Bankruptcy: The latest price moves in crypto markets in context for July 28, 2022. Health and Fitness App Sweat Economy Raises $13M in Private Token Sale to Move to Web3: The company is teaming with Near Protocol to support the move. GDP Falls Further in Q2, Fueling Talk of a Recession: A widely used technical definition says that two consecutive quarters of negative GDP means the economy is in a recession. Other markets Biggest Gainers Asset Ticker Returns DACS Sector Loopring LRC +11.6% Smart Contract Platform Solana SOL +10.2% Smart Contract Platform Cosmos ATOM +9.3% Smart Contract Platform Biggest Losers There are no losers in CoinDesk 20 today. Sector classifications are provided via the Digital Asset Classification Standard (DACS) , developed by CoinDesk Indices to provide a reliable, comprehensive and standardized classification system for digital assets. The CoinDesk 20 is a ranking of the largest digital assets by volume on trusted exchanges. View comments... - Reddit Posts (Sample): [['u/mctm325', 'IMPORTANT: Double check your coin totals', 58, '2022-08-26 01:00', 'https://www.reddit.com/r/CelsiusNetwork/comments/wxsb0l/important_double_check_your_coin_totals/', "Make sure to download the .csv of all your transactions and rewards.\n\nThen add all of them up per coin and compare it to your balance on the dashboard.\n\nI just found that Celsius is underreporting how much BTC I should have - they neglected 16 transactions (deposits) and rewards. \n\nDon't know if it's an honest mistake or done on purpose by these scums, but it doesn't hurt to check.", 'https://www.reddit.com/r/CelsiusNetwork/comments/wxsb0l/important_double_check_your_coin_totals/', 'wxsb0l', [['u/TheForgetfulOptimist', 15, '2022-08-26 01:16', 'https://www.reddit.com/r/CelsiusNetwork/comments/wxsb0l/important_double_check_your_coin_totals/ilst5cu/', 'Interesting. Will have to compare', 'wxsb0l'], ['u/AyLou21', 11, '2022-08-26 04:00', 'https://www.reddit.com/r/CelsiusNetwork/comments/wxsb0l/important_double_check_your_coin_totals/ilteu96/', 'My balance has been accurate, luckily.\n\nBe sure to also record a video proof of your totals and balance. I recorded a video of myself logging in, googling that day’s date, clicking on my Celsius profile, holding up my DL and verifying each coin’s balances', 'wxsb0l']]], ['u/thtboyisnotOPM', 'lone’s xman tour sets are cool but i feel like his song selection caters more towards ken’s fanbase', 77, '2022-08-26 01:45', 'https://www.reddit.com/r/DestroyLonely/comments/wxtch6/lones_xman_tour_sets_are_cool_but_i_feel_like_his/', 'soon he should have his own shows where he performs his more unorthodox alternative songs like DANGEROUS, SWGSKOOL, MKEITSTOP, Groupie Btch. rn he’s out here performing more his rage friendly songs like <3MYGNG, 20YRS OLD, NOSTYLIST', 'https://www.reddit.com/r/DestroyLonely/comments/wxtch6/lones_xman_tour_sets_are_cool_but_i_feel_like_his/', 'wxtch6', [['u/oPurccz', 23, '2022-08-26 01:57', 'https://www.reddit.com/r/DestroyLonely/comments/wxtch6/lones_xman_tour_sets_are_cool_but_i_feel_like_his/ilsynuf/', 'or in the air that would go hard', 'wxtch6'], ['u/GodEmperorWaketh', 43, '2022-08-26 02:01', 'https://www.reddit.com/r/DestroyLonely/comments/wxtch6/lones_xman_tour_sets_are_cool_but_i_feel_like_his/ilsz7sl/', 'I need to experience lnly live', 'wxtch6'], ['u/somewherexusa', 31, '2022-08-26 02:21', 'https://www.reddit.com/r/DestroyLonely/comments/wxtch6/lones_xman_tour_sets_are_cool_but_i_feel_like_his/ilt1tll/', 'He played that', 'wxtch6'], ['u/Eli-1o', 13, '2022-08-26 03:03', 'https://www.reddit.com/r/DestroyLonely/comments/wxtch6/lones_xman_tour_sets_are_cool_but_i_feel_like_his/ilt7cxz/', 'needa hear crystlcstles live but his set should be longer cuz it’s not like ken is even much more popular than lone anymore', 'wxtch6'], ['u/ssparkk_', 28, '2022-08-26 03:06', 'https://www.reddit.com/r/DestroyLonely/comments/wxtch6/lones_xman_tour_sets_are_cool_but_i_feel_like_his/ilt7sqn/', 'Bro think he finna sing on stage or sum', 'wxtch6'], ['u/htdub14', 15, '2022-08-26 03:13', 'https://www.reddit.com/r/DestroyLonely/comments/wxtch6/lones_xman_tour_sets_are_cool_but_i_feel_like_his/ilt8q9q/', 'He is performing the songs that are meant to hit hard in concert and get you hype lmao y’all wanna be different so BAD edit ken and lone fanbases the same talking about he performing for kens fans😂 all love tho', 'wxtch6'], ['u/thtboyisnotOPM', 11, '2022-08-26 03:23', 'https://www.reddit.com/r/DestroyLonely/comments/wxtch6/lones_xman_tour_sets_are_cool_but_i_feel_like_his/ilta2jo/', 'carti and ken polluted y’all’s idea of a good concert bro not every song has to start a moshpit. you’ve never heard a chill song at a concert? 🤦🏾\u200d♂️', 'wxtch6'], ['u/WarholMoncler', 10, '2022-08-26 04:03', 'https://www.reddit.com/r/DestroyLonely/comments/wxtch6/lones_xman_tour_sets_are_cool_but_i_feel_like_his/iltfald/', "You see and that song goes crazy af it's not like you couldnt get lit to that. He really sells himself short playing what he does FR", 'wxtch6'], ['u/GodEmperorWaketh', 11, '2022-08-26 04:52', 'https://www.reddit.com/r/DestroyLonely/comments/wxtch6/lones_xman_tour_sets_are_cool_but_i_feel_like_his/iltlhh0/', 'Ong, he don’t be harmonizing', 'wxtch6'], ['u/Main-Cream-1115', 63, '2022-08-26 05:11', 'https://www.reddit.com/r/DestroyLonely/comments/wxtch6/lones_xman_tour_sets_are_cool_but_i_feel_like_his/iltnume/', 'no shit? xman tour', 'wxtch6'], ['u/billyjoz', 21, '2022-08-26 05:16', 'https://www.reddit.com/r/DestroyLonely/comments/wxtch6/lones_xman_tour_sets_are_cool_but_i_feel_like_his/iltofam/', 'mans said it in the title too 😂 no shit he not playing his less hype and popular songs on someone else tour', 'wxtch6']]], ['u/WorkingLime', 'Venezuelan Bolivar crashes after some months of apparent stability. BTC goes from 150,000 Bs. to 200,000 Bs.', 120, '2022-08-26 01:53', 'https://www.reddit.com/r/CryptoCurrency/comments/wxtj5w/venezuelan_bolivar_crashes_after_some_months_of/', "After months of the exchange rate being kinda stable, since the end of last week it went from 6 Bs. (Bolivares) / USD to reaching almost 10 Bs. / USD today. Official rate is lagging behind reaching almost 8 Bs. / USD today, this also creates a nice market (purchasing low and selling high), last months government has allowed the offica rate to slip to match the street rate, so it will catch it for sure.\n\nThis means also monthly minimum wage (130 Bs.) went from from around 22 USD to less than 14 USD (last year monthly minmum wage was under 2 USD).\n\nThis was translated directly to the cryptocurrencies (where market has remained stable), last week a BTC was trading around 150,000 Bs. not it's over 200,000 Bs. per BTC. Of course, price in USD is the same than the global market.\n\nLet's see how the stats end this week.\n\nThis reminds me years where exchange rate could doble daily. \n\nToday I saw people spending Bolivares like crazy to get rid of them ASAP, for sure trade volumes in Binance, LocalBitcoin, Reserve and AirTM are very high!\n\n[https://www.bloomberg.com/news/articles/2022-08-25/venezuelan-bolivar-s-crash-breaks-rare-stretch-of-stability](https://www.bloomberg.com/news/articles/2022-08-25/venezuelan-bolivar-s-crash-breaks-rare-stretch-of-stability)", 'https://www.reddit.com/r/CryptoCurrency/comments/wxtj5w/venezuelan_bolivar_crashes_after_some_months_of/', 'wxtj5w', [['u/DBRiMatt', 15, '2022-08-26 02:02', 'https://www.reddit.com/r/CryptoCurrency/comments/wxtj5w/venezuelan_bolivar_crashes_after_some_months_of/ilszdh3/', 'Ouch, suddenly one months income only getting you about half the amount of groceries?', 'wxtj5w'], ['u/Stone-D', 23, '2022-08-26 02:04', 'https://www.reddit.com/r/CryptoCurrency/comments/wxtj5w/venezuelan_bolivar_crashes_after_some_months_of/ilszl40/', '> This means also monthly minimum wage (130 Bs.) went from from around 22 USD to less than 14 USD\n\nThat really sucks.', 'wxtj5w'], ['u/WorkingLime', 12, '2022-08-26 02:07', 'https://www.reddit.com/r/CryptoCurrency/comments/wxtj5w/venezuelan_bolivar_crashes_after_some_months_of/ilszzw4/', 'Exactly', 'wxtj5w'], ['u/Ethan0307', 11, '2022-08-26 02:23', 'https://www.reddit.com/r/CryptoCurrency/comments/wxtj5w/venezuelan_bolivar_crashes_after_some_months_of/ilt214t/', 'Imagine the value of your money just dumping in a flash feels bad', 'wxtj5w'], ['u/WorkingLime', 11, '2022-08-26 02:23', 'https://www.reddit.com/r/CryptoCurrency/comments/wxtj5w/venezuelan_bolivar_crashes_after_some_months_of/ilt236z/', 'I have more hope in any shitcoin than in the Bolivar.....', 'wxtj5w'], ['u/WorkingLime', 12, '2022-08-26 02:41', 'https://www.reddit.com/r/CryptoCurrency/comments/wxtj5w/venezuelan_bolivar_crashes_after_some_months_of/ilt4ehk/', 'Bitcoin ALWAYS goes up in Venezuela.', 'wxtj5w'], ['u/JustLikeEeyore', 45, '2022-08-26 03:12', 'https://www.reddit.com/r/CryptoCurrency/comments/wxtj5w/venezuelan_bolivar_crashes_after_some_months_of/ilt8le4/', "Well , I don't suppose Venezuelans can now say they wouldn't use Bitcoin as a currency only because it's too volatile to be one.", 'wxtj5w'], ['u/deathbyfish13', 13, '2022-08-26 03:17', 'https://www.reddit.com/r/CryptoCurrency/comments/wxtj5w/venezuelan_bolivar_crashes_after_some_months_of/ilt96t1/', 'Monthly? Jesus christ, really puts things in perspective', 'wxtj5w'], ['u/Machete521', 15, '2022-08-26 03:27', 'https://www.reddit.com/r/CryptoCurrency/comments/wxtj5w/venezuelan_bolivar_crashes_after_some_months_of/iltajj3/', 'This isnt the lesson I was hoping for tbh', 'wxtj5w'], ['u/WorkingLime', 10, '2022-08-26 03:57', 'https://www.reddit.com/r/CryptoCurrency/comments/wxtj5w/venezuelan_bolivar_crashes_after_some_months_of/iltej3b/', 'Here anything can be a currency, we have even used tuna cans', 'wxtj5w'], ['u/WorkingLime', 13, '2022-08-26 04:17', 'https://www.reddit.com/r/CryptoCurrency/comments/wxtj5w/venezuelan_bolivar_crashes_after_some_months_of/ilth28g/', 'Not at this level.. we are talking about 50% FX drop in one week', 'wxtj5w']]], ['u/Maharaj-Ka-Mor', 'The Commonwealth Primaries of 1928 \| Peacock-Shah Alternate Elections', 33, '2022-08-26 03:12', 'https://www.reddit.com/r/Presidentialpoll/comments/wxvaj4/the_commonwealth_primaries_of_1928_peacockshah/', 'The Liberal/Commonwealth Land Alliance has successfully vaulted itself to become the second largest party in the nation, yet, with the most turbulent party system in American history, all bets are off the election of 1928 as the race for the Commonwealth nod pits two eccentrics against one another as a former President waits in the wings and an 86 year old relic of the Bragg era defends the interests of the rich Caribbean.\n\n&#x200B;\n\nhttps://preview.redd.it/j8btcbksiyj91.png?width=1070&format=png&auto=webp&s=328478a6dd3665fe6ce7d6fd32eed9ff780c1b90\n\nWill Rogers: Born a citizen of the Cherokee Nation in Georgia, 49 year old humorist and journalist Will Rogers has entertained millions through vaudeville, film, ... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['(Reuters) -Bitcoin dipped below $20,000 on Saturday, continuing a drop that has taken it down nearly 60% from its year high.\nBitcoin, the world\'s biggest and best-known cryptocurrency, was last down 1.5% at $19,946 on Saturday, down $298 from its previous close.\nIt is down 58.7% from the year\'s high of $48,234 hit on March 28.\nEther, the coin linked to the ethereum blockchain network, meanwhile dipped 2.76 % to $1,467.2, losing $41.60 from its previous close.\nBitcoin\'s fall comes after a weak day on Friday for the currency, which fell as Wall Street slumped with all three benchmarks ending more than 3% lower.\nThe weakness in risk assets came after Federal Reserve Chief Jerome Powell cautioned against expecting a swift end to its rate tightening. The Fed\'s actions on interest rates has caused some investors to forecast more pain for equities.\n"Bitcoin broke below 20,000 as investors expect a weekend full of pessimism from Jackson Hole to drag down sentiment," Edward Moya, senior market analyst at OANDA, said on Saturday.\n"European and Asian central bankers will likely be much more pessimistic than Fed Chair Powell and that has many traders bracing for a weak open on Sunday night," he added.\nBitcoin was last below $20,000 in mid-July.\n(Reporting by Akriti Sharma in Bengaluru and Megan Davies in New York; Editing by Bill Berkrot and Chizu Nomiyama)', '(Reuters) -Bitcoin dipped below $20,000 on Saturday, continuing a drop that has taken it down nearly 60% from its year high.\nBitcoin, the world\'s biggest and best-known cryptocurrency, was last down 1.5% at $19,946 on Saturday, down $298 from its previous close.\nIt is down 58.7% from the year\'s high of $48,234 hit on March 28.\nEther, the coin linked to the ethereum blockchain network, meanwhile dipped 2.76 % to $1,467.2, losing $41.60 from its previous close.\nBitcoin\'s fall comes after a weak day on Friday for the currency, which fell as Wall Street slumped with all three benchmarks ending more than 3% lower.\nThe weakness in risk assets came after Federal Reserve Chief Jerome Powell cautioned against expecting a swift end to its rate tightening. The Fed\'s actions on interest rates has caused some investors to forecast more pain for equities.\n"Bitcoin broke below 20,000 as investors expect a weekend full of pessimism from Jackson Hole to drag down sentiment," Edward Moya, senior market analyst at OANDA, said on Saturday.\n"European and Asian central bankers will likely be much more pessimistic than Fed Chair Powell and that has many traders bracing for a weak open on Sunday night," he added.\nBitcoin was last below $20,000 in mid-July.\n(Reporting by Akriti Sharma in Bengaluru and Megan Davies in New York; Editing by Bill Berkrot and Chizu Nomiyama)', '(Reuters) -Bitcoin dipped below $20,000 on Saturday, continuing a drop that has taken it down nearly 60% from its year high.\nBitcoin, the world\'s biggest and best-known cryptocurrency, was last down 1.5% at $19,946 on Saturday, down $298 from its previous close.\nIt is down 58.7% from the year\'s high of $48,234 hit on March 28.\nEther, the coin linked to the ethereum blockchain network, meanwhile dipped 2.76 % to $1,467.2, losing $41.60 from its previous close.\nBitcoin\'s fall comes after a weak day on Friday for the currency, which fell as Wall Street slumped with all three benchmarks ending more than 3% lower.\nThe weakness in risk assets came after Federal Reserve Chief Jerome Powell cautioned against expecting a swift end to its rate tightening. The Fed\'s actions on interest rates has caused some investors to forecast more pain for equities.\n"Bitcoin broke below 20,000 as investors expect a weekend full of pessimism from Jackson Hole to drag down sentiment," Edward Moya, senior market analyst at OANDA, said on Saturday.\n"European and Asian central bankers will likely be much more pessimistic than Fed Chair Powell and that has many traders bracing for a weak open on Sunday night," he added.\nBitcoin was last below $20,000 in mid-July.\n(Reporting by Akriti Sharma in Bengaluru and Megan Davies in New York; Editing by Bill Berkrot and Chizu Nomiyama)', '(Reuters) -Bitcoin dipped below $20,000 on Saturday, continuing a drop that has taken it down nearly 60% from its year high. Bitcoin, the world\'s biggest and best-known cryptocurrency, was last down 1.5% at $19,946 on Saturday, down $298 from its previous close. It is down 58.7% from the year\'s high of $48,234 hit on March 28. Ether, the coin linked to the ethereum blockchain network, meanwhile dipped 2.76 % to $1,467.2, losing $41.60 from its previous close. Bitcoin\'s fall comes after a weak day on Friday for the currency, which fell as Wall Street slumped with all three benchmarks ending more than 3% lower. The weakness in risk assets came after Federal Reserve Chief Jerome Powell cautioned against expecting a swift end to its rate tightening. The Fed\'s actions on interest rates has caused some investors to forecast more pain for equities. "Bitcoin broke below 20,000 as investors expect a weekend full of pessimism from Jackson Hole to drag down sentiment," Edward Moya, senior market analyst at OANDA, said on Saturday. "European and Asian central bankers will likely be much more pessimistic than Fed Chair Powell and that has many traders bracing for a weak open on Sunday night," he added. Bitcoin was last below $20,000 in mid-July. (Reporting by Akriti Sharma in Bengaluru and Megan Davies in New York; Editing by Bill Berkrot and Chizu Nomiyama) View comments', '(Reuters) -Bitcoin dipped below $20,000 on Saturday, continuing a drop that has taken it down nearly 60% from its year high.\nBitcoin, the world\'s biggest and best-known cryptocurrency, was last down 1.5% at $19,946 on Saturday, down $298 from its previous close.\nIt is down 58.7% from the year\'s high of $48,234 hit on March 28.\nEther, the coin linked to the ethereum blockchain network, meanwhile dipped 2.76 % to $1,467.2, losing $41.60 from its previous close.\nBitcoin\'s fall comes after a weak day on Friday for the currency, which fell as Wall Street slumped with all three benchmarks ending more than 3% lower.\nThe weakness in risk assets came after Federal Reserve Chief Jerome Powell cautioned against expecting a swift end to its rate tightening. The Fed\'s actions on interest rates has caused some investors to forecast more pain for equities.\n"Bitcoin broke below 20,000 as investors expect a weekend full of pessimism from Jackson Hole to drag down sentiment," Edward Moya, senior market analyst at OANDA, said on Saturday.\n"European and Asian central bankers will likely be much more pessimistic than Fed Chair Powell and that has many traders bracing for a weak open on Sunday night," he added.\nBitcoin was last below $20,000 in mid-July.\n(Reporting by Akriti Sharma in Bengaluru and Megan Davies in New York; Editing by Bill Berkrot and Chizu Nomiyama)', '(Reuters) -Bitcoin dipped below $20,000 on Saturday, continuing a drop that has taken it down nearly 60% from its year high. Bitcoin, the world\'s biggest and best-known cryptocurrency, was last down 1.5% at $19,946 on Saturday, down $298 from its previous close. It is down 58.7% from the year\'s high of $48,234 hit on March 28. Ether, the coin linked to the ethereum blockchain network, meanwhile dipped 2.76 % to $1,467.2, losing $41.60 from its previous close. Bitcoin\'s fall comes after a weak day on Friday for the currency, which fell as Wall Street slumped with all three benchmarks ending more than 3% lower. The weakness in risk assets came after Federal Reserve Chief Jerome Powell cautioned against expecting a swift end to its rate tightening. The Fed\'s actions on interest rates has caused some investors to forecast more pain for equities. "Bitcoin broke below 20,000 as investors expect a weekend full of pessimism from Jackson Hole to drag down sentiment," Edward Moya, senior market analyst at OANDA, said on Saturday. "European and Asian central bankers will likely be much more pessimistic than Fed Chair Powell and that has many traders bracing for a weak open on Sunday night," he added. Bitcoin was last below $20,000 in mid-July. (Reporting by Akriti Sharma in Bengaluru and Megan Davies in New York; Editing by Bill Berkrot and Chizu Nomiyama)', '(Adds analyst comment in paragraph 7, 8)\nAug 27 (Reuters) - Bitcoin dipped below $20,000 on Saturday, continuing a drop that has taken it down nearly 60% from its year high.\nBitcoin, the world\'s biggest and best-known cryptocurrency, was last down 1.5% at $19,946 on Saturday, down $298 from its previous close.\nIt is down 58.7% from the year\'s high of $48,234 hit on March 28.\nEther, the coin linked to the ethereum blockchain network, meanwhile dipped 2.76 % to $1,467.2, losing $41.60 from its previous close.\nBitcoin\'s fall comes after a weak day on Friday for the currency, which fell as Wall Street slumped with all three benchmarks ending more than 3% lower.\nThe weakness in risk assets came after Federal Reserve Chief Jerome Powell cautioned against expecting a swift end to its rate tightening. The Fed\'s actions on interest rates has caused some investors to forecast more pain for equities.\n"Bitcoin broke below 20,000 as investors expect a weekend full of pessimism from Jackson Hole to drag down sentiment," Edward Moya, senior market analyst at OANDA, said on Saturday.\n"European and Asian central bankers will likely be much more pessimistic than Fed Chair Powell and that has many traders bracing for a weak open on Sunday night," he added.\nBitcoin was last below $20,000 in mid-July. (Reporting by Akriti Sharma in Bengaluru and Megan Davies in New York; Editing by Bill Berkrot and Chizu Nomiyama)', '(Adds analyst comment in paragraph 7, 8) Aug 27 (Reuters) - Bitcoin dipped below $20,000 on Saturday, continuing a drop that has taken it down nearly 60% from its year high. Bitcoin, the world\'s biggest and best-known cryptocurrency, was last down 1.5% at $19,946 Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-08-27 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $386,152,170,862 - Hash Rate: 204358072.2695853 - Transaction Count: 225420.0 - Unique Addresses: 605125.0 Social & AI Sentiment: - Fear & Greed Index: 0.28 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Beleaguered crypto lender Celsius deposited $500 million in wrapped bitcoin ( WBTC ), a bitcoin derivative product of the Ethereum blockchain, to crypto exchange FTX just hours after Celsius repaid its debt to the decentralized lending protocol Maker and reclaimed $450 million of collateral in WBTC. Blockchain transaction data shared by blockchain data firm Nansen shows that a wallet linked to Celsius sent 24,463 WBTC to the FTX in various steps. Celsius dunking 24k $WBTC (half a billion dollars worth) onto FTX. Nothing to see here. pic.twitter.com/phFcDZXZ7H — Nansen Intern 🧭 (@nansen_intern) July 7, 2022 Earlier Thursday , CoinDesk reported Celsius reclaimed 21,963 wrapped bitcoin (WBTC) tokens after it fully paid off its debt to Maker. Celsius already redeemed a 2,000 WBTC installment of the collateral on Tuesday. Fundstrat analyst Walter Teng said that Celsius's "de-leveraging activity on-chain will add sell-side pressure to assets that have been used as collateral," including WBTC, which has been the firm's largest holding pledged against its decentralized finance (DeFi) loans. The move suggests that Celsius might sell the assets for more liquid assets, although market data on the exchange did not indicate that it had already happened. At press time, WBTC traded closely in tandem with bitcoin, changing hands at $21,600, up 6% in the last 24 hours. Volume and price action did not indicate that Celsius started to sell its WBTC holding yet. (FTX) Celsius halted withdrawals and all user transfers starting in June, citing "extreme market conditions" that led to fears that the lender might face insolvency. The firm also hired restructuring advisers, while regulators also started investigations into the crypto lender's operation in several U.S. states. Last week, the company said in a statement that it was exploring options to "preserve and protect assets" in consultation with experts, which can include “pursuing strategic transactions” and “restructuring its liabilities,” as reported . Story continues Read more: How Crypto Lender Celsius Overheated... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["For the first week in a while, the non-crypto world was louder than the crypto world. Everyone is talking about: How U.S. President Biden is paying off everyone’s student loans (through the Public Service Loan Forgiveness program) How Fed Chair Jerome Powell was skiing with all his friends in the Tetons (at the Jackson Hole Economic Policy Symposium ) How Professional Smart Guy Zoltan Pozsar is scaring the living daylights out of us again by writing: “The unfolding economic war between great powers is stochastic and not linear” (in a research note titled “ War and Interest Rates ”) Meanwhile, no one is talking about if bitcoin (BTC) is or isn’t an inflation hedge. Thankfully (unthankfully?) each of the things everyone is talking about is (at least loosely) tied to inflation in some way. So I’ll do it. I’ll write about if bitcoin is or isn’t an inflation hedge. Because everything is about inflation and everything is about bitcoin (even things that aren’t about bitcoin). Stochastic means “random,” by the way. You’re reading Crypto Long & Short , our weekly newsletter featuring insights, news and analysis for the professional investor. Sign up here to get it in your inbox every Sunday. Is canceling student debt inflationary? First off, the U.S. government isn’t paying off everyone's student loans. What the Biden administration announced was that people who both hold federal government student loans and earn less than $125,000 a year will have either $10,000 or $20,000 of their student loan balance forgiven. There are nitty-gritty details (which you can get by listening to this NASFAA podcast ), but the main question we want to answer is if this is inflationary or not. Here’s an argument that it will be: Canceling student loan debt will put money in the pockets of Americans and those Americans will use that money to buy more immediately. The immediate consumption bump will meaningfully contribute to more inflation. Here’s an argument that it will not be : Canceling student loan debt will leave money in the pockets of Americans and those Americans will use that money to consume more gradually over the course of their lives. The gradual consumption bump won’t meaningfully contribute to more inflation. Story continues I very much like the argument that canceling student debt won’t be immediately inflationary. Yes, the coronavirus pandemic stimulus checks were, but there is an important psychological difference between handing someone a $3,200 check and handing them an official letter saying they owe $10,000 less on an outstanding loan. Does student debt cancellation take pressure off Jerome Powell? No, probably not. Probably the opposite. While the White House introduced a program that isn’t obviously inflationary on the surface, the Federal Reserve chair is still digging deep for his Volcker (without going full Volcker ) moment. When Powell faced central bankers, economists and the American people Friday morning with his prepared remarks in Jackson, Wyoming, he said that “history cautions against prematurely loosening policy,” which basically means, “We’re going to stay the course because if we change course again, you’re really not going to believe us anymore.” Powell (and the Fed) is also digging deep for credibility. CoinDesk’s Adam B. Levine , host of the ”Markets Daily” podcast , made one of the best arguments for that in last week’s episode where he said : “... [H]istory suggests that the [Fed’s] decision [on interest rates] will remain far below the [necessary] interest rate which is required to deal with inflation. For much of the 1970s and 1980s, the last time we saw comparable price inflation, the rate that the Fed set was somewhere between 8% [and] 20%, many times higher than what the Fed is suggesting now. So while central banks and markets will play games with each other, it may all be for show to look serious about the problem when the proposed solution doesn’t really have a chance to solve anything.” What Adam Levine is using to make that assertion is the Taylor rule , a rule of thumb used by central banks to set interest rates at a level that will effectively combat inflation. By his estimation, the Taylor rule suggests that rates need to be >9% to even begin to deal with the behavioral changes long-term rising inflation leads to. I tend to agree with Levine and don’t think that the markets believe policymakers anymore. Powell is stuck between a rock and a hard place (at least he’s stuck between some really nice looking rocks in Jackson Hole). Is war inflationary? Pozsar makes it clear in the aforementioned research note that he thinks so. I think the note is worth reading in full, but here is a summary in case you don’t read it: Supply is outpacing demand because we went from a world where a) cheap immigrant labor in the U.S., b) cheap goods from China and c) cheap Russian gas propped up low inflation to a world where a) nativist immigration policies drove wage pressures in the U.S., b) China’s zero-COVID-19 policy hurt the flow of cheap goods and c) a Russian war in Ukraine has led to skyrocketing gas prices in Europe prop up high inflation. Here’s the punctuating quote: “Welcome to the war economy … … where heads of state matter more than heads of central banks.” Can bitcoin save us? OK – we didn’t solve inflation last week, so now onto crypto’s preeminent inflation hedge : bitcoin. With inflationary forces still out there, investors are thinking about how best to protect themselves. Is bitcoin a way to do that? I’m not sure. From a market perspective, no, not at all. In recent memory, bitcoin has been correlated with stocks . Stocks aren’t supposed to be inflation hedges; less-risky things like gold and commodities are. So bitcoin’s price following (or leading) stocks makes bitcoin not really appear like an inflation hedge. There are two threads worth following here. First, maybe inflation isn’t about the price of goods increasing, it’s about currency debasement. Some variation of this chart is pretty popular in bitcoin circles: Global M2 and bitcoin’s price (@mrblonde_macro) As Global M2 – the amount of money in circulation – changes year over year, it appears that bitcoin’s market value follows. In short, as economies introduce money into circulation, bitcoin’s price goes up because the additional money in circulation dilutes the rest of the existing money in circulation. So this supports the idea that bitcoin is a hedge against currency debasement (a fancy way to describe the dilution of money in circulation). I’m not sure the data strongly supports this idea. Sure, there’s a visual relationship in the previous chart, but the rolling 30-month correlation coefficient between U.S. M2 and bitcoin’s value moves from negative to slightly positive (see the two following charts). Statistically, this doesn’t really tell you anything. Maybe the move is due to bitcoin maturing over time as it approaches its final resting place as an inflation hedge? I know the U.S. doesn’t stand in for the entire world economy, but still. Year-over-year change of U.S. M2 and bitcoin market capitalization (FRED, TradingView) 30-month rolling correlation between M2 and Bitcoin (FRED, TradingView) Second, and more concretely, if you agree that we are in a war economy “where heads of state matter more than heads of central banks,” bitcoin is probably investable simply because it is separate from the “heads of state.” I’m not saying bitcoin’s price is immune to the acts of heads of state, but I am saying that bitcoin isn’t issued by any country and that the broader network a) doesn’t need any particular country and b) is resilient enough to buck China banning it . So, in the event that bitcoin doesn’t behave as an inflation hedge, there might be something to be said for it acting as a way to bet on the separation of money and state.", "For the first week in a while, the non-crypto world was louder than the crypto world. Everyone is talking about: How U.S. President Biden is paying off everyone’s student loans (through the Public Service Loan Forgiveness program) How Fed Chair Jerome Powell was skiing with all his friends in the Tetons (at the Jackson Hole Economic Policy Symposium ) How Professional Smart Guy Zoltan Pozsar is scaring the living daylights out of us again by writing: “The unfolding economic war between great powers is stochastic and not linear” (in a research note titled “ War and Interest Rates ”) Meanwhile, no one is talking about if bitcoin (BTC) is or isn’t an inflation hedge. Thankfully (unthankfully?) each of the things everyone is talking about is (at least loosely) tied to inflation in some way. So I’ll do it. I’ll write about if bitcoin is or isn’t an inflation hedge. Because everything is about inflation and everything is about bitcoin (even things that aren’t about bitcoin). Stochastic means “random,” by the way. You’re reading Crypto Long & Short , our weekly newsletter featuring insights, news and analysis for the professional investor. Sign up here to get it in your inbox every Sunday. Is canceling student debt inflationary? First off, the U.S. government isn’t paying off everyone's student loans. What the Biden administration announced was that people who both hold federal government student loans and earn less than $125,000 a year will have either $10,000 or $20,000 of their student loan balance forgiven. There are nitty-gritty details (which you can get by listening to this NASFAA podcast ), but the main question we want to answer is if this is inflationary or not. Here’s an argument that it will be: Canceling student loan debt will put money in the pockets of Americans and those Americans will use that money to buy more immediately. The immediate consumption bump will meaningfully contribute to more inflation. Here’s an argument that it will not be : Canceling student loan debt will leave money in the pockets of Americans and those Americans will use that money to consume more gradually ov Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-08-28 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $382,513,508,770 - Hash Rate: 226907928.5200224 - Transaction Count: 202109.0 - Unique Addresses: 547812.0 Social & AI Sentiment: - Fear & Greed Index: 0.28 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Figure 1 Figure 2 Figure 3 Figure 4 Figure 5 Figure 6 Chart Operating guidance increased from 3.7 EH/s to 4.3 EH/s in 2022 Mackenzie development activities progressing ahead of schedule SYDNEY, Australia, July 07, 2022 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ:IREN) (“Iris Energy” or “the Company”), a leading sustainable Bitcoin miner which is building an institutional-grade infrastructure platform (4.3 EH/s expected to be operational by the end of Q4 2022), today published a monthly investor update for June 2022, containing its results from operations as well as construction and development updates. Key highlights1 [{"Key metrics2": "Average operating hashrate (PH/s)", "Jun-22": "1,164"}, {"Key metrics2": "Bitcoin mined3", "Jun-22": "148"}, {"Key metrics2": "Mining revenue (US$'000)", "Jun-22": "3,546"}, {"Key metrics2": "Electricity costs (US$'000)4", "Jun-22": "1,315"}, {"Key metrics2": "Revenue per Bitcoin (US$)", "Jun-22": "23,925"}, {"Key metrics2": "Electricity costs per Bitcoin (US$)", "Jun-22": "8,875"}] • Corporate:Operating capacity guidance increased from 3.7 EH/s to 4.3 EH/s by the end of Q4 2022Deferral of additional major capital expenditure for work beyond the initial 4.3 EH/s of operating capacityPreservation of balance sheet flexibility having regard to market conditions and available financing terms • Operations:Average operating hashrate of 1,164 PH/sMonthly operating revenue of US$3.5 million148 Bitcoin mined • Development:Development has progressed ahead of schedule for expansion from 50MW to 80MW at the Mackenzie site, now expected to be operating by the end of Q4 2022 (previously 2023) • Construction:Mackenzie (2.1 EH/s, 50MW initial / 80MW total – BC, Canada)Internal data center fit out complete for the remainder of the first 50MWAll major equipment installed in the substation; testing and commissioning ongoingPrince George (1.4 EH/s, 50MW – BC, Canada)Foundation works complete for all three data center buildings (2 x 20MW, 1 x 10MW)Building construction advanced on the first and second data center buildings (20MW and 10MW), with the third data center building (20MW) underwayErection of the structural steel in the substation progressingChildress (preparatory construction activities – Texas, USA)Preparatory construction activities remain ongoingProcurement and early works continued with all required construction permits in placeKey long-lead items have been purchased (including step-down transformers and associated circuit breakers) Corporate update On June 21, 2022, the Company announced that, given current market conditions, it intends to defer additional major capital expenditure for work beyond the initial 4.3 EH/s of operating capacity to preserve balance sheet flexibility. The Company has explored multiple financing options presented to it in recent months, and has determined that maintaining balance sheet flexibility is prudent having regard to market conditions and available financing terms. As market conditions have deteriorated, the Company continues to believe this is the prudent approach. As a result, the Company expects to defer major additional capital expenditure until the current market uncertainty subsides and financing terms improve. The Company will continue to monitor funding markets closely, and if conditions become favorable, the Company expects to explore raising additional capital. The Company has made $130m of payments in respect of contracted miners above the initial 4.3 EH/s, which are subject to ongoing discussions.5The Company’s planning and contractual arrangements have also mitigated material financial commitments to the broader buildout of Childress infrastructure beyond ongoing preparatory construction activities. While the Company continues to target expansion of total operating capacity above 4.3 EH/s, such plans are expected to be delayed and the Company will continue to review such plans in light of evolving market conditions. The Company expects to continue liquidating Bitcoin mining rewards on a daily basis, as has been the case since Iris Energy started mining Bitcoin in 2019, including when Bitcoin hit an all-time high of approximately $68,000 in November 2021. As of May 31, 2022, the Company had approximately (preliminary unaudited)6: • $454m of total equity • Nil corporate-level debt7 • $93m of cash (after expected remaining capital expenditure to achieve the initial 4.3 EH/s)8 • $317m investment in miners and infrastructure expected in order to achieve the initial 4.3 EH/s9 • $130m of payments in respect of contracted miners above the initial 4.3 EH/s • $19m of deposits and prepayments10with AEP for the 600MW high-voltage electrical connection at Childress 4.3 EH/s of operating capacity would represent illustrative annualized mining profit of $67m (based on a $20k Bitcoin price11) if installed and operating today. Canal Flats update (0.8 EH/s, 30MW) – BC, Canada Canal Flats has been powered by 100% renewable energy since inception.12 Canal Flats achieved average monthly operating hashrate in June of 872 PH/s, in line with May (873 PH/s). The project continues to exceed previously announced site capacity of 0.7 EH/s. Mackenzie update (2.1 EH/s, 50MW initial / 80MW total) – BC, Canada Mackenzie has been powered by 100% renewable energy since inception.12 The initial 9MW at Mackenzie achieved average monthly operating hashrate in June of 292 PH/s, in line with May (292 PH/s). Construction of the remainder of the first 1.5 EH/s (50MW) remains on track for Q3 2022. The internal fit out of the data center buildings is complete and commissioning activities are underway. All major electrical equipment has been installed in the substation and testing and commissioning activities are ongoing. Construction of the high voltage connection to the BC Hydro transmission network has commenced. Upon completion, 80MW of proprietary data centers are expected to power an additional ~22,000 Bitmain S19j Pro and S19j miners (already under contract), generating 2.1 EH/s of incremental hashrate. See Mackenzie construction progress video athttps://www.youtube.com/watch?v=Ac1F4h0n7xg&t=7s. Prince George update (1.4 EH/s, 50MW) – BC, Canada Foundations and structural steel for the three data center buildings (2 x 20MW, 1 x 10MW) is complete. Remaining building construction is advanced on the first and second data center building (20MW and 10MW) and is underway for the third data center building (20MW). Internal fit out of the first data center building (20MW) and second data center building (10MW) is also progressing. Prince George remains on track to be energized by the end of Q3 2022 and upon completion, 50MW of proprietary data centers are expected to power an additional ~15,000 Bitmain S19j Pro and S19j miners (already under contract), generating 1.4 EH/s of incremental hashrate. Childress update – Texas, USA As previously announced, the Company intends to defer additional major capital expenditure related to the broader buildout of Childress infrastructure. Preparatory construction activities are intended to continue at Childress in order to preserve the opportunity to scale once market conditions improve. Procurement and early construction activities continued to progress (all required construction permits are in place). Construction of the access road to the main development area and site civil works are ongoing. Purchase orders have been placed on key long-lead items, including the 345kV step-down transformer, 138kV step-down transformer and associated circuit breakers. Community engagement Iris Energy is proud to announce the Community Grants Program for Childress is open for applications. The program is a key component of our commitment to making a positive contribution to the local communities in which we operate. The program will provide funding for local initiatives that benefit the Childress community in the areas of community participation, sustainability, safety, diversity, technology and learning. For more information or to access the Community Grants Program application form please click the link:https://forms.irisenergy.co/community-grants-program-texas. Future development sites Development works continued across additional sites in Canada, the USA and Asia-Pacific, which have the potential to support up to an additional >1GW of aggregate power capacity capable of powering growth beyond the Company’s 795MW of announced power capacity. Operating and financial results Daily average operating hashrate chartis available athttps://www.globenewswire.com/NewsRoom/AttachmentNg/59815260-e3ee-45c8-9f4d-5f5d04507372 Technical commentary The Company’s average operating hashrate was 1,164 PH/s in June. The decrease in electricity costs in June compared to May was primarily due to one less day in the month as well as foreign exchange impacts. The comparatively higher electricity costs per Bitcoin mined across May and June (vs. April) are attributable to the Company paying a higher interim unit cost of power at Mackenzie via the 9MW temporary 25kV distribution feed. Rates at Mackenzie are expected to revert to the same lower transmission rate as Canal Flats upon commissioning of the remainder of the first 50MW in Q3 2022. [{"Operating": "Renewable energy usage (MW)13", "Apr-22": "33", "May-22": "37", "Jun-22": "36"}, {"Operating": "Avg operating hashrate (PH/s)", "Apr-22": "1,038", "May-22": "1,165", "Jun-22": "1,164"}] * Reflects actual recorded operating power usage and hashrate (not nameplate). Note: nameplate capacity is higher than actual operating power usage due to features of the Company’s proprietary data center design which utilizes variable speed fans to reduce power consumption during cooler months, as well as the Company maintaining a buffer within its infrastructure capacity that can be also directed to other site uses (e.g. in-house fabrication shop at Canal Flats is currently operating as Iris Energy has the advantage of saving time and costs... - Reddit Posts (Sample): [['u/-Clayford08-', 'What brought YOU into crypto?', 70, '2022-08-28 00:31', 'https://www.reddit.com/r/CryptoCurrency/comments/wzfe5f/what_brought_you_into_crypto/', "Each day, I see more and more contrasting posts in this sub. Some even attacking others indirectly. Contrarians are most certainly welcome. Having new ideas and differing opinions leads to growth in an industry, Steve Jobs specifically hired differing minds to work for Apple, to turn it into the company we know it as today. It's just interesting to see how much this community has expanded and evolved into what it is today.\n\nThis post isn't to debate about who's right or wrong, I merely would like to know what drew you into the crypto market. If creating personal wealth is the only thing you sought, it's not a right or wrong answer, I'm genuinely just curious. Some people took a political stance. I'm sure some just enjoy the memes.\n\nWhen I joined the crypto community there were only a few cryptos on the market: Bitcoin, Litecoin, Namecoin, and Peercoin. The majority of users at that time saw Bitcoin as an escape from fiat and governmental dominance over money. The housing market in the US was finally starting to rebound. Many of the users at that time were cypherpunks, libertarians, and let's not forget the silk road users. It was not nearly as diverse of a community as it is today.\n\nMy question to all of you beautiful people is what drew you into crypto, what projects immediately caught your eye, and have your opinions changed?", 'https://www.reddit.com/r/CryptoCurrency/comments/wzfe5f/what_brought_you_into_crypto/', 'wzfe5f', [['u/pbjclimbing', 87, '2022-08-28 00:31', 'https://www.reddit.com/r/CryptoCurrency/comments/wzfe5f/what_brought_you_into_crypto/im24c60/', 'The chance to make $$$$', 'wzfe5f'], ['u/ImaFreemason', 26, '2022-08-28 00:36', 'https://www.reddit.com/r/CryptoCurrency/comments/wzfe5f/what_brought_you_into_crypto/im24yqz/', 'Figured I make a quick couple million, but the market had other ideas for me.', 'wzfe5f'], ['u/BusinessBreakfast3', 18, '2022-08-28 00:37', 'https://www.reddit.com/r/CryptoCurrency/comments/wzfe5f/what_brought_you_into_crypto/im252s3/', 'Greed.', 'wzfe5f'], ['u/CryptoTheNews', 14, '2022-08-28 00:38', 'https://www.reddit.com/r/CryptoCurrency/comments/wzfe5f/what_brought_you_into_crypto/im2574w/', 'making a quick couple million only works when you start with a couple billion', 'wzfe5f'], ['u/fan_of_hakiksexydays', 45, '2022-08-28 00:44', 'https://www.reddit.com/r/CryptoCurrency/comments/wzfe5f/what_brought_you_into_crypto/im25x4y/', 'The 2008 financial crisis.\n\nAfter all the dust settled in the subsequent years, and I found out all the bullshit that had happened, that\'s when I started to think "hey maybe those computer hacker nerds doing that new Bitcoin stuff may be on to something".', 'wzfe5f'], ['u/Shaz170', 37, '2022-08-28 00:58', 'https://www.reddit.com/r/CryptoCurrency/comments/wzfe5f/what_brought_you_into_crypto/im27rr6/', 'Same. Then I discovered how to lose $$$$ but stayed anyway.', 'wzfe5f'], ['u/BusinessBreakfast3', 19, '2022-08-28 01:06', 'https://www.reddit.com/r/CryptoCurrency/comments/wzfe5f/what_brought_you_into_crypto/im28t6b/', "I knew immediately. It was the reason I went in. I wanted to make more money.\n\nBut after my first year, I stayed because of different reasons.\n\nNow, I'm fully on board with the revolution. I don't trade, I don't speculate, I'm not interested in making more FIAT money.\n\nCryptocurrency is the future.", 'wzfe5f'], ['u/scalper84', 14, '2022-08-28 02:00', 'https://www.reddit.com/r/CryptoCurrency/comments/wzfe5f/what_brought_you_into_crypto/im2fjdq/', 'Like every normal person in here…\nDrugs ofc 😎', 'wzfe5f'], ['u/meeleen223', 12, '2022-08-28 02:44', 'https://www.reddit.com/r/CryptoCurrency/comments/wzfe5f/what_brought_you_into_crypto/im2kzww/', 'Then I lost money but stayed for moons anyway', 'wzfe5f']]], ['u/BobWalsch', 'Scumbag lost $400 000 of inheritance money and was supposed to split with his sister', 72, '2022-08-28 03:16', 'https://www.reddit.com/r/Buttcoin/comments/wzitk3/scumbag_lost_400_000_of_inheritance_money_and_was/', 'EDIT: SORRY the original post is 8 years old! Zenglish hard, not fist language. Zinternet hard too.\n\n\nAnd the genius think he can win it back trading cryptos!\n\n[Sauce](https://old.reddit.com/r/CryptoCurrency/comments/wz8fl8/great_moments_in_crypto_history_in_2013_a_23_year/)\n\n\nThe whole post because he will probably delete it when he realizes he is a bigger idiot than he thought...\n \n> Great Moments In Crypto History - In 2013, a 23 year old yolo’d a $1.25MM inheritance into Bitcoin that belonged to him and his sister. It didn’t go well. \n> \n> Need advice on inheritance, arbitrage, family, etc. Please, I am becoming desperate.\n> \n> The Bitcoin boom has been wonderful for some people, obviously, but I am really struggling. \n> \n> Last year my father passed away (my mother passed away from cancer many years ago), and my sister and I were left with a large inheritance. I am 23 and my sister is only 17 (parents had us when they were somewhat older. The inheritance was placed entirely in my control to be split between my sister and I. He did not want her to have access to the money until she turned 21. I am tasked with assisting her with college payments, etc. I chose to liquidate the majority of the assets and was left with around $750,000. I am bitter about this because I was ripped off by a shifty individual taking advantage of my ignorance on some things. I should have gotten much more than I did.\n> \n> \n> I discovered Bitcoin a few years ago. I today greatly regret that the moment I liquidated the inheritance I didn\'t place the entirety of it into Bitcoin. With Bitcoin on the verge of making it very, very big I began performing arbitrage six months ago. The rising adoption has created volatility which makes it very good for arbitrage. I know of people that have made A LOT of money doing this, but I have now lost A LOT of money.\n> \n> I am consistently misjudging the movement of the markets. I buy in and sell, not holding any long term positions. On the 19th, I bought 250 coins at $800; it was quickly rising and I was worried I would not be able to buy in at that price ever again. Immediately after my purchase it began tanking. I tried to hold my position hoping it was just temporary and would return to $800 and increase from there. After hitting around $600 it began to increase again, I viewed this as reaffirming my projection. It rose again to around $700. I held my position into the 20th, it dropped to $500 and that was my sell point hoping to minimize my losses. I lost $75,000 in an almost 24/hr period. This was my fastest and almost largest single trade loss. If I had continued to hold I would be able to sell right now with minimal losses.\n\n> I have "made" money on trades, but overall the losses have kept me in the red. As of today, over the past 7 months I have lost a total of $410,000. The inheritance was supposed to be split between my younger sister and I, giving us each $375,00 + half of the house (not worth much, rural area, etc). However, I don\'t have a legal obligation to provide her with half of the money, that was a verbal contract between my father and I, the in-writing legal stuff allocates it all to me. I made the mistake of telling her that I invested the money in Bitcoin; she has read the news etc on it, so she is under the assumption that there is a lot more money than there actually is. Regardless, I have already paid her first year of college tuition in cash anyway, this was around $30,000. I also bought her a used car to take to college ($5,000). We later found out they don\'t want freshman to have cars?? So we might sell it and I can give her that money. Ultimately, in addition to other living expenses, bills, car, etc I have around $280,000 left which is currently all liquid. Now, if you took the time to read all of that, thank you, sorry it was so long. What I am looking for is advice on how to trade. How can I guarantee that I earn high returns? What are good resources on how to trade Bitcoin? Are there any good books to read on trading? General information I may be missing?\n\n> I know I can earn this money back, I just need to figure out how. If there is an experienced trader out there that is in need for funding I am willing to work out a deal where we can work together on this. I need to see a proven track record of success though. Thanks for your time. I know a lot of people are going to respond negatively to me, I know I fucked up. I really, really, need advice though so please don\'t downvote me just because I am an idiot.\n>', 'https://www.reddit.com/r/Buttcoin/comments/wzitk3/scumbag_lost_400_000_of_inheritance_money_and_was/', 'wzitk3', [['u/BobWalsch', 15, '2022-08-28 03:19', 'https://www.reddit.com/r/Buttcoin/comments/wzitk3/scumbag_lost_400_000_of_inheritance_money_and_was/im2p8e3/', ">How can I guarantee that I earn high returns? \n\n>I know I can earn this money back, I just need to figure out how.\n\n&nbsp;\n~~Wake the frack up /u/BestCelery263 you have absolutely NO IDEA what you are doing! Get the fack out of cryptos and hire a financial advisor! And GIVE YOUR SISTER HER DUE SHARE!~~\n\nLeave the celery alone Bob, he isn't the original author! lolz!", 'wzitk3'], ['u/DeliciousGizmo', 11, '2022-08-28 03:25', 'https://www.reddit.com/r/Buttcoin/comments/wzitk3/scumbag_lost_400_000_of_inheritance_money_and_was/im2pvkx/', 'You got it wrong, he did the same thing as you, just copy/pasted the original post. \n\nhttps://np.reddit.com/r/Bitcoin/comments/1r88vl/need_advice_on_inheritance_arbitrage_family_etc/\n\nThis is the original.', 'wzitk3'], ['u/Eyonizback', 61, '2022-08-28 03:26', 'https://www.reddit.com/r/Buttcoin/comments/wzitk3/scumbag_lost_400_000_of_inheritance_money_and_was/im2q37r/', 'She going to ... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin and Ether fell Monday morning in Asia, along with all other cryptocurrencies in the top 10 by market capitalization. The slump continues a slide over the weekend after U.S. Federal Reserve Chairman Jerome Powell rocked crypto and equity markets on Friday with comments about economic pain ahead as the Fed raises interest rates to tackle inflation.\nSee related article:Crypto volatility hasn’t had macroeconomic implications so far: Jerome Powell\n• Bitcoin lost 2.2% in the last 24 hours to trade at US$19,615 at 8 a.m. in Hong Kong, while Ether slid 4% to US$1,430, according todata from CoinMarketCap.\n• Bitcoin fell below US$20,000 on Saturday for the first time since mid-June after sliding 7% in the 24hrs following Powell’s comments. The total crypto market cap dropped below US$1 trillion to US$953 billion as of 8 a.m. in Hong Kong.\n• Cardano saw the biggest loss, trading down 4.3% to US$0.43. BNB was little changed, dipping 0.5% to US$276.\n• The Dow Jones Industrial Average fell 3% on Friday in its worst day of trading since May. The S&P 500 Index lost 3.4% and the Nasdaq Composite Index dropped 3.9% in the worst trading day since June for both indices.\n• “Restoring price stability will likely require maintaining a restrictive policy stance for some time,” Powell said in a keynote address at the Fed’s economic symposium in Jackson Hole, Wyoming, on Friday. Powell added the Fed would not look to lower interest rates until inflation falls back to a 2% target range.\n• Following Powell’s speech, financial markets priced in a higher chance of a 75-basis point increase in interest rates at the Fed’s next meeting in September. Before his comments, the market consensus was split between a 75-basis point or 50-basis point rise.\nSee related article:Markets: Bitcoin, Ether fall; Solana, BNB slip, while Cardano rises', 'Bitcoin and Ether fell Monday morning in Asia, along with all other cryptocurrencies in the top 10 by market capitalization. The slump continues a slide over the weekend after U.S. Federal Reserve Chairman Jerome Powell rocked crypto and equity markets on Friday with comments about economic pain ahead as the Fed raises interest rates to tackle inflation. See related article: Crypto volatility hasn\x92t had macroeconomic implications so far: Jerome Powell Fast facts Bitcoin lost 2.2% in the last 24 hours to trade at US$19,615 at 8 a.m. in Hong Kong, while Ether slid 4% to US$1,430, according to data from CoinMarketCap . Bitcoin fell below US$20,000 on Saturday for the first time since mid-June after sliding 7% in the 24hrs following Powell\x92s comments. The total crypto market cap dropped below US$1 trillion to US$953 billion as of 8 a.m. in Hong Kong. Cardano saw the biggest loss, trading down 4.3% to US$0.43. BNB was little changed, dipping 0.5% to US$276. The Dow Jones Industrial Average fell 3% on Friday in its worst day of trading since May. The S&P 500 Index lost 3.4% and the Nasdaq Composite Index dropped 3.9% in the worst trading day since June for both indices. \x93Restoring price stability will likely require maintaining a restrictive policy stance for some time,\x94 Powell said in a keynote address at the Fed\x92s economic symposium in Jackson Hole, Wyoming, on Friday. Powell added the Fed would not look to lower interest rates until inflation falls back to a 2% target range. Following Powell\x92s speech, financial markets priced in a higher chance of a 75-basis point increase in interest rates at the Fed\x92s next meeting in September. Before his comments, the market consensus was split between a 75-basis point or 50-basis point rise. See related article: Markets: Bitcoin, Ether fall; Solana, BNB slip, while Cardano rises', 'Bitcoin and Ether fell Monday morning in Asia, along with all other cryptocurrencies in the top 10 by market capitalization. The slump continues a slide over the weekend after U.S. Federal Reserve Chairman Jerome Powell rocked crypto and equity markets on Friday with comments about economic pain ahead as the Fed raises interest rates to tackle inflation.\nSee related article:Crypto volatility hasn’t had macroeconomic implications so far: Jerome Powell\n• Bitcoin lost 2.2% in the last 24 hours to trade at US$19,615 at 8 a.m. in Hong Kong, while Ether slid 4% to US$1,430, according todata from CoinMarketCap.\n• Bitcoin fell below US$20,000 on Saturday for the first time since mid-June after sliding 7% in the 24hrs following Powell’s comments. The total crypto market cap dropped below US$1 trillion to US$953 billion as of 8 a.m. in Hong Kong.\n• Cardano saw the biggest loss, trading down 4.3% to US$0.43. BNB was little changed, dipping 0.5% to US$276.\n• The Dow Jones Industrial Average fell 3% on Friday in its worst day of trading since May. The S&P 500 Index lost 3.4% and the Nasdaq Composite Index dropped 3.9% in the worst trading day since June for both indices.\n• “Restoring price stability will likely require maintaining a restrictive policy stance for some time,” Powell said in a keynote address at the Fed’s economic symposium in Jackson Hole, Wyoming, on Friday. Powell added the Fed would not look to lower interest rates until inflation falls back to a 2% target range.\n• Following Powell’s speech, financial markets priced in a higher chance of a 75-basis point increase in interest rates at the Fed’s next meeting in September. Before his comments, the market consensus was split between a 75-basis point or 50-basis point rise.\nSee related article:Markets: Bitcoin, Ether fall; Solana, BNB slip, while Cardano rises', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin and ether traded down over the weekend.\nInsights:Analysts saw Fed Chair Jerome Powell\'s speech for what it was: an unbridled commitment to tame inflation.\nCatch the latest episodes ofCoinDesk TVfor insightful interviews with crypto industry leaders and analysis. Andsign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context.\nBitcoin Falls Below $20K\nBy James Rubin\nAfter clinging tenaciously to support above $20,000 for much of the weekend, bitcoin fell well below this threshold late Sunday.\nThe largest cryptocurrency by market capitalization was recently trading at $19,600, down more than 2% over the previous 24 hours. Ether, the second-largest crypto in market value, was recently changing hands at roughly $1,430, down more than 4% as investors continued to chew over U.S. Federal Reserve Chairman Jerome Powell\'s vow to continue the monetary hawkishness the Fed adopted earlier this year.\nThat news disappointed some investors hoping for signs of Fed confidence that its steps the last few months were taming inflation and that it might back away from its recent diet of 75 basis point interest rate hikes.\n"The macroeconomic uncertainties continued to weigh on the price of BTC, and while the [Personal Consumption Expenditures] data came in negative (giving market hopes that the Fed could take a less aggressive stance moving forward), [the] Fed chair\'s talk on Friday dashed those hopes as he cautioned against premature policy loosening," Joe DiPasquale of crypto asset manager BitBull Capital wrote to CoinDesk. "The market has reacted negatively to those comments and we\'re seeing bitcoin testing the $20,000 support."\nMost other major cryptos were recently in the red, with AVAX and ATOM down more than 9% and 6%, respectively. XMR rose about a percentage point.\nOn Friday, bitcoin fell precipitously from the $21,000 perch it held throughout the working week as Powell noted that inflation remains a serious threat. He said that "reducing inflation is likely to require a sustained period of below-trend growth" that would create "softer labor markets," among other impacts.\nThe ongoing strength of the job market has suggested repeatedly that the economy has not fallen into recession. The 3.5% unemployment rate is the lowest level since February 2020. "While higher interest rates, slower growth and softer labor market conditions will bring down inflation, they will also bring some pain to households and businesses," Powell said.\n“We are moving our policy stance purposefully to a level that will be sufficiently restrictive to return inflation to 2%,” Powell said.\nEquities and crypto news\nCryptos in the late week fall tracked equity markets, which closed substantially lower on Friday, with the tech-focused Nasdaq and S&P 500 plunging nearly 4% and 3.3%, respectively.\nIn recent crypto industry news :\nJapanis preparingto review existing corporate crypto tax rates in an effort to entice startups to remain in the country, local news outlet Yomiurireported. Japan\'s financial services agency (FSA) and the ministry of economy, trade and industry are considering a tax reform proposal for 2023 that could exempt crypto startups that issue their own tokens from paying taxes on unrealized gains.\nOver the weekend, CoinDeskreportedthat Grayscale Investments LLC has been fielding questions from the U.S. Securities and Exchange Commission (SEC) over the firm’s “securities law analysis” of tokens in some of its less-popular crypto trusts. The inquiry, which Grayscale disclosed in little-noticed filings made in June and mid-August, casts a shadow over the trusts’ viability at a time when the world’s largest digital asset manager is already dealing with a precipitous decline in its assets’ value due to the ongoing crypto winter.\nGrayscale Investments is a digital asset management firm owned by Digital Currency Group, which also owns CoinDesk.\nBitBull\'s DiPasquale wrote that "Monday\'s opening for equities will be key, as any more downside there could push BTC toward the recent lows."\n"We will be watching for the market\'s reactions to new lows and aiming to accumulate BTC between $20,000 and $15,000," he wrote.\nThere are no gainers in CoinDesk 20 today.\n[{"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "\\u22129.5%", "DACS Sector": "Smart Contract Platfor Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-08-29 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $388,092,906,288 - Hash Rate: 221270464.45741308 - Transaction Count: 252235.0 - Unique Addresses: 641513.0 Social & AI Sentiment: - Fear & Greed Index: 0.24 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: An economic recession is looking increasingly likely and its time to look around for stocks to sell. A majority of economists (72%) polled by the National Association of Business Economics say they expect the U.S. to enter a recession by the middle of next year. By some measures, the U.S. is already in a recession , popularly defined as two consecutive quarters of negative economic growth. This is bad news for consumers and businesses. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Consumers, who are already feeling the impact of inflation that is running at 8.5% and higher interest rates used to dampen it are likely to batten down the hatches should the economy turn negative and companies begin mass layoffs. There are already signs that consumers are beginning to roll over. According to the U.S. Commerce Department, consumer spending rose a tepid 0.1% in June after falling 0.3% in May. Should things worsen on the consumer front, it could spell bad news for the economy overall, and also for certain stocks that are reliant on robust consumer spending to keep their share prices elevated. Here are seven stocks to sell when consumer confidence is falling. TSLA Tesla $891.29 SPG Simon Property Group $106.68 DRI Darden Restaurants $127.68 GPS The Gap $9.91 LUV Southwest Airlines $37.80 MA Mastercard $339.71 MGM MGM Resorts International $34.67 Tesla (TSLA) Tesla (TSLA) Gigafactory Texas Source: University of College / Shutterstock.com Tesla (NASDAQ: TSLA ) is so closely associated with its chief executive, Elon Musk, and technology that its easy to forget the company makes and sells electric vehicles. Consumers tend to place big ticket items on the backburner when they are feeling uncertain about the economy or their personal finances. Teslas vehicles are among the most expensive. The companys lowest-priced Model 3 retails for an average of $44,900. The range-topping Performance Model 3 sells for nearly $60,000. Those are the types of prices that scare off nervous consumers. Story continues For a lot less money, environmentally-conscious consumers can get themselves into a brand new Toyota (NYSE: TM ) Prius ($28,000) or a Ford (NYSE: F ) Escape hybrid SUV ($32,000). The prospect of slowing sales helps to explain why Tesla has been increasing its prices this year, most recently announcing that it will raise the price of its full self-driving assistance software by 25% this September. In June, the company hiked the prices of its electric vehicles across the entire line-up, raising prices an average of $6,000 per vehicle model. The cost of its long-range Model X SUV now approaches $140,000. These are not the types of expenses consumers shell out for during hard times. Year to date, TSLA stock is down 26% at $885 a share. The stock is scheduled to split on a 3-for-1 basis on Aug. 25, which may give it a pop and you a chance to get out at a profit. Simon Property Group (SPG) building facade of simon property group (SPG) Source: Jonathan Weiss / Shutterstock.com While not a household name, Simon Property Group (NYSE: SPG ) is the largest operator of shopping malls in the U.S. The real estate investment trust owns 232 shopping malls and outlet centers that, together, comprise approximately 241,000,000 square feet of retail nirvana. Simon Property Group has weathered many economic cycles over the years, but its business tends to decline whenever America enters a recession. When the economy is bad, consumers spend less time shopping at the mall and spend less money on frivolous things, concentrating their hard-earned dollars on consumer essentials. Simon Property also took some big blows during the Covid-19 crisis when its malls and outlets were either forced to close entirely or operate under capacity restrictions. The companys earnings declined nearly 30% during the pandemic and it was forced to help bailout bankrupt retailers such as J. Crew, Forever 21, and J.C. Penny to help keep its malls occupied during the downturn. The prospects of an economic recession do not bode well for Simon Property Group, which makes it one of the stocks to sell before they tank. Its recovery from Covid-19 has been slow. Darden Restaurants (DRI) an Olive Garden sign on the front of the restaurant Source: Shutterstock Investors might want to avoid Darden Restaurants (NYSE: DRI ) stock. Darden Restaurants operates popular restaurant chains such as The Olive Garden and LongHorn Steakhouse and is among the more risky stocks to sell now. The company currently has 1,800 restaurant locations and 175,000 employees, making it the worlds biggest full-service restaurant operator. Darden Restaurants suffered during the pandemic and is only now starting to recover. DRI stock is currently trading, 6% higher than before Covid-19, but a recession could certainly upend its business. Indeed, many restaurant stocks sold off heavily ahead of their most recent earnings. This was in anticipation of the impact high inflation would have on their results, including Darden. Confidence in the companys stock was also shaken recently by reports that Dardens chief executive officer (CEO), Ricardo Cardenas, sold 1,945 shares of DRI stock worth $236,025. Other shareholders may want to follow Cardenas lead. The Gap (GPS) GPS stock: a close up of a Gap logo on a building Source: Shutterstock Clothing retailers such as The Gap (NYSE: GPS ) tend to perform badly when the economy turns south and are prime candidates for stocks to sell. The same can be said of other stocks such as Ralph Lauren (NYSE: RL ), Abercrombie & Fitch (NYSE: ANF ), and Foot Locker (NYSE: FL ). Inflation already is taking a toll on GPS stock. Year-to-date, the share price is down 46% . The company announced last month that CEO Sonia Syngal was stepping down effective immediately. This could have contributed in part to the underperformance of GPS stock. Syngal had only been the head of Gap since March 2020 when the pandemic started. Her departure might have been hastened by the fact that the retailer posted a net loss of $162 million in the three-months ended April 30. Thats compared with a profit of $166 million a year earlier. Revenue in the quarter declined 13% to $3.48 billion from a year ago. The Gap has said that global supply chain issues and slumping sales have hurt it financially. Expect things to get worse if the economy really tanks. Southwest Airlines (LUV) luv stock Source: Ryan Fletcher / Shutterstock.com Concerns about inflation, rising interest rates, and the outlook for the economy are the main reasons why Southwest Airlines (NYSE: LUV ) is among the best airline stocks to sell now. When people are having trouble affording their mortgage or putting gas in their cars, they are less likely to fly to the Caribbean or Florida for a vacation. LUV stock is down 14% so far in 2022 and 35% lower than where it was prior to March 2020. Southwest recently reported second-quarter earnings per share of $1.30 on record revenues of $6.7 billion, beating Wall Street forecasts across the board. However, LUV stock fell immediately following the earnings print on weaker-than-expected forward guidance. Plus, the company said its full-year 2022 available seat miles are likely to be down 4% from a year ago. While travel across the U.S. remains strong this summer, things could turn negative quickly if consumer confidence is shaken. Mastercard (MA) A close-up shot of Mastercard credit or debit cards. Source: Alexander Yakimov / Shutterstock.com Slowing consumer spending means less revenue for Mastercard (NYSE: MA ). Many consumers rely on their credit cards when traveling , booking flights and hotels and dining in restaurants. Any slowdown in those activities could spell disaster for Mastercard. The stock already is down 8% this year. Coming out of the pandemic, Mastercard has been seeing steady improvements. The company reported second quarter revenues rose 21% to $5.5 billion. This was ahead of analysts estimates of $5.26 billion. Mastercard said its earnings per share for the three months ended June 30 amounted to $2.56. This was up 31.3% from a year earlier and ahead of Wall Street forecasts of $2.36 per share. While the earnings have been impressive, Mastercards fortunes could quickly become gloomy if consumers wait out a recession. MGM Resorts International (MGM) A photo of the MGM logo on the MGM casino building. Source: Michael Neil Thomas / Shutterstock.com In good times, when consumers are feeling flush, MGM Resorts International (NYSE: MGM ) performs well. But when consumer confidence plunges, so too do revenues and MGM stock. MGM Resorts share price is down 24% this year, trading where it was pre-pandemic. Increasingly, MGM Resorts is pushing into sports wagering through its BetMGM brand. But here too, revenues are dependent on consumers feeling confident. People are less likely to take risks when they are feeling financially constrained and have less money to play with. The company reported net revenues of $960 million in this years second quarter. Thats an increase of 12% over last year due largely to an increase in business volumes. But will people continue visiting Las Vegas and Atlantic City should the economy turn sour? I wouldnt bet on it. Disclosure: On the date of publication, Joel Baglole did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines . Joel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia. More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live The Best $1 Investment You Can Make Today Early Bitcoin Millionaire Reveals His Next Big Crypto Trade ... - Reddit Posts (Sample): [['u/Dazzling_Lime2021', "I don't care if the bottom might not be in yet, these are prices people wished for last year and it's right in front of our faces", 1824, '2022-08-29 00:48', 'https://www.reddit.com/r/CryptoCurrency/comments/x08gij/i_dont_care_if_the_bottom_might_not_be_in_yet/', "Completely aware that the macroeconomic conditions are terrible right now, but I am not wasting this opportunity to layer into the market. I remember in October when Bitcoin was peaking its head above the all time high and instead of going higher we went sideways for a whole month in anxiety. Then we dropped, and spent the entire first quarter bouncing around the 30-40k range. It was exhausting, and I was only hoping for it to finally rip the band-aid off and go whichever direction it was going to go. I looked back and wished I was around to buy back in the bear markets of 2018-2019 instead of dealing with higher valuations and anxiety. It's easy in hindsight, but I wished I could\n\nAnd now I feel like that opportunity is in my hands. We've dropped, and we can go much, much lower than this. But this is plenty good for me to DCA in weekly, I haven't sold any of my crypto since I got in early last year (why would I, it's at a loss). Going to hold onto it for the long term and see what happens.\n\nIn an alternative world if Bitcoin did pop up and went above $100k last year, I wouldn't have made nearly as much profit if it wasn't for a bear market instead like what we have to buy some more. I am happy to be around all this fear.", 'https://www.reddit.com/r/CryptoCurrency/comments/x08gij/i_dont_care_if_the_bottom_might_not_be_in_yet/', 'x08gij', [['u/Goonzoo', 36, '2022-08-29 00:51', 'https://www.reddit.com/r/CryptoCurrency/comments/x08gij/i_dont_care_if_the_bottom_might_not_be_in_yet/im6qu3a/', 'Everything repeats and people just will take their chance after missing it (some people miss them several times)\n\nOthers just dont have the liquid money to invest now or calculated buying at current prices still wont make a good average. They simply wait for a lower price.\n\nThen last but not least.. IMO most currently DCA', 'x08gij'], ['u/Ethan0307', 11, '2022-08-29 00:53', 'https://www.reddit.com/r/CryptoCurrency/comments/x08gij/i_dont_care_if_the_bottom_might_not_be_in_yet/im6r1gn/', 'People will always complain for lower that’s for certain', 'x08gij'], ['u/Cryptoladd', 47, '2022-08-29 00:53', 'https://www.reddit.com/r/CryptoCurrency/comments/x08gij/i_dont_care_if_the_bottom_might_not_be_in_yet/im6r1hv/', 'Solid plan mate. You should be grinning around 2025', 'x08gij'], ['u/PanicBoners', 15, '2022-08-29 00:53', 'https://www.reddit.com/r/CryptoCurrency/comments/x08gij/i_dont_care_if_the_bottom_might_not_be_in_yet/im6r26x/', 'Completely agree. I feel much better DCAing now than when the market was overheated', 'x08gij'], ['u/CatBoy191114', 10, '2022-08-29 00:53', 'https://www.reddit.com/r/CryptoCurrency/comments/x08gij/i_dont_care_if_the_bottom_might_not_be_in_yet/im6r292/', '"well now I don\'t want to"... proceeds to wait for a new ath to buy in 😂', 'x08gij'], ['u/Wynslo', 25, '2022-08-29 00:53', 'https://www.reddit.com/r/CryptoCurrency/comments/x08gij/i_dont_care_if_the_bottom_might_not_be_in_yet/im6r3t2/', 'They wanted them last year. This year they want to buy at $50,000', 'x08gij'], ['u/eat-sleep-rave', 16, '2022-08-29 00:54', 'https://www.reddit.com/r/CryptoCurrency/comments/x08gij/i_dont_care_if_the_bottom_might_not_be_in_yet/im6r79g/', 'Our current 20k BTC bottom is a 2018 top.\n\nMeanwhile, fiat currencies have lost a lot of value over the years due to inflation.\n\nPerspective is everything.', 'x08gij'], ['u/DoctorFrog420', 100, '2022-08-29 00:54', 'https://www.reddit.com/r/CryptoCurrency/comments/x08gij/i_dont_care_if_the_bottom_might_not_be_in_yet/im6r8zp/', 'As much as I want the price to go up, I must admit there is a part of me that is ecstatic that I am able to buy BTC @ $20k USD... I remember the heady delusion of the bull run thinking I lost my chance at $50,000... lol!!!', 'x08gij'], ['u/Narrow_Television695', 13, '2022-08-29 00:57', 'https://www.reddit.com/r/CryptoCurrency/comments/x08gij/i_dont_care_if_the_bottom_might_not_be_in_yet/im6rn0y/', "And people are going to wish for them again when we hit a new ATH, that's just how it works. I hope at least some of people here will do the right thing.", 'x08gij'], ['u/AGoal44', 256, '2022-08-29 00:59', 'https://www.reddit.com/r/CryptoCurrency/comments/x08gij/i_dont_care_if_the_bottom_might_not_be_in_yet/im6rvrd/', 'I’ll buy again when it goes back up like everyone else', 'x08gij'], ['u/BakedPotato840', 92, '2022-08-29 01:00', 'https://www.reddit.com/r/CryptoCurrency/comments/x08gij/i_dont_care_if_the_bottom_might_not_be_in_yet/im6s23x/', 'And then sell when it goes back down', 'x08gij'], ['u/ismirschlecht', 28, '2022-08-29 01:02', 'https://www.reddit.com/r/CryptoCurrency/comments/x08gij/i_dont_care_if_the_bottom_might_not_be_in_yet/im6s94s/', 'Same. Even 50k was looking crispy and sweet at some point', 'x08gij'], ['u/Timetraveler4000', 14, '2022-08-29 01:09', 'https://www.reddit.com/r/CryptoCurrency/comments/x08gij/i_dont_care_if_the_bottom_might_not_be_in_yet/im6t44l/', '10k eoy is the new 100k eoy', 'x08gij'], ['u/AGoal44', 26, '2022-08-29 01:11', 'https://www.reddit.com/r/CryptoCurrency/comments/x08gij/i_dont_care_if_the_bottom_might_not_be_in_yet/im6te1v/', 'This $25 I just took out today was $1000 last November!', 'x08gij'], ['u/Setyman', 22, '2022-08-29 01:12', 'https://www.reddit.com/r/CryptoCurrency/comments/x08gij/i_dont_care_if_the_bottom_might_not_be_in_yet/im6tit4/', 'No. 1 Rule: Buy high and sell low. A true redditor.', 'x08gij'], ['u/_Commando_', 15, '2022-08-29 01:13', 'https://www.reddit.com/r/CryptoCurrency/comments/x08gij/i_dont_care_if_the_bottom_might_not_be_in_yet/im6tnnh/', 'Good for you OP. Share your colours proudly, we on the other hand will wait for the bear market to end in a year and a half or so as this will get rather ugly and this is only the beginning.', 'x08gij'], ['u/GabeSter', 76, '2022-08-29 01:13', 'https://www.reddit.com/r/CryptoCurrency/comments/x08gij/i_dont_care_if_the_bottom_might_not_be_in_yet/im6tos0/', 'This sub:\n\n![gif](giphy\|Ae7SI3LoPYj8Q)\n\nWelcome to the neighborhood crypto cult.', 'x08gij'], ['u/Setyman', 11, '2022-08-29 01:13', 'https://www.reddit.com/r/CryptoCurrency/comments/x08gij/i_dont_care_if_the_bottom_might_not_be_in_yet/im6tqak/', 'I feel much better just not buying at the top lmao.', 'x08gij'], ['u/GabeSter', 22, '2022-08-29 01:14', 'https://www.reddit.com/r/CryptoCurrency/comments/x08gij/i_dont_care_if_the_bottom_might_not_be_in_yet/im6trdw/', 'Pfff get out of here with your responsible financial decisions.', 'x08gij'], ['u/HeroinAndyCx', 14, '2022-08-29 01:21', 'https://www.reddit.com/r/CryptoCurrency/comments/x08gij/i_dont_care_if_the_bottom_might_not_be_in_yet/im6uq4g/', 'Exactly. 20k btc seemed like a dream during last bull run', 'x08gij'], ['u/HeroinAndyCx', 41, '2022-08-29 01:23', 'https://www.reddit.com/r/CryptoCurrency/comments/x08gij/i_dont_care_if_the_bottom_might_not_be_in_yet/im6uyy6/', "Thanks to this sub I was able to turn 10k into 1k. It's like magic.", 'x08gij'], ['u/teddy_swits', 40, '2022-08-29 01:25', 'https://www.reddit.com/r/CryptoCurrency/comments/x08gij/i_dont_care_if_the_bottom_might_not_be_in_yet/im6v7w7/', 'Do what works for you. DCA is gospel in this sub, but I’ve already been through a cycle. I was fortunate enough to buy the bottom-ish then, and I’m going to try to buy the bottom-ish again. Waiting for a long, flat tail (and actual metrics). We’re probably months away the way the economy is going.\n\nEdit: well that didn’t take long 📉', 'x08gij'], ['u/CVV1', 153, '2022-08-29 01:26', 'https://www.reddit.com/r/CryptoCurrency/comments/x08gij/i_dont_care_if_the_bottom_might_not_be_in_yet/im6vaw0/', "I live in my parents basement. \n\n\nI'm still DCAing. \n\n\nY'all want lambos. I want to move out. \n\n\n:)", 'x08gij'], ['u/Zeus1130', 90, '2022-08-29 01:30', 'https://www.reddit.com/r/CryptoCurrency/comments/x08gij/i_dont_care_if_the_bottom_might_not_be_in_yet/im6vt5e/', 'Every time I see a post like this, I know to hold off on buying because it’s sure to dump more. It’s like clockwork.', 'x08gij'], ['u/BitcoinSatosh', 15, '2022-08-29 01:37', 'https://www.reddit.com/r/CryptoCurrency/comments/x08gij/i_dont_care_if_the_bottom_might_not_be_in_yet/im6wq6n/', '80% correction from all time high is around 13k', 'x08gij'], ['u/Xpressivee', 20, '2022-08-29 01:42', 'https://www.reddit.com/r/CryptoCurrency/comments/x08gij/i_dont_care_if_the_bottom_might_not_be_in_yet/im6xgp4/', "Ngl it's all very surreal still to see btc at this price, I don't even want to talk about eth.\n\n BTC at 20k being called a bear for me just reminds me of how long I've been in the market.", 'x08gij'], ['u/ImThour', 10, '2022-08-29 01:48', 'https://www.reddit.com/r/CryptoCurrency/comments/x08gij/i_dont_care_if_the_bottom_might_not_be_in_yet/im6y5bn/', 'You will be down 50% when BTC reaches 10k, just telling. :P', 'x08gij'], ['u/Odysseus_Lannister', 16, '2022-08-29 01:48', 'https://www.reddit.com/r/CryptoCurrency/comments/x08gij/i_dont_care_if_the_bottom_might_not_be_in_yet/im6y5jn/', 'Timeframes and expectations are everything. The fundamentals of BTC haven’t changed since it was 50k and it’s a good time to build a substantial position. If we’re still at 20k or lower in 2-3 years then something has gone wrong Imo.', 'x08gij'], ['u/Iam_Starving', 283, '2022-08-29 01:52', 'https://www.reddit.com/r/CryptoCurrency/comments/x08gij/i_dont_care_if_the_bottom_might_not_be_in_yet/im6yr49/', 'I\'m not scared to buy right now and I definitely "would" if I "could" . I\'m just fiat-broke.', 'x08gij'], ['u/shoshin2727', 18, '2022-08-29 02:00', 'https://www.reddit.com/r/CryptoCurrency/comments/x08gij/i_dont_care_if_the_bottom_might_not_be_in_yet/im6zpto/', 'If OP couldn\'t see the sell signals late last year and take some... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin broke back above US$20,000 in Tuesday morning trading in Asia, with most of the top 10 cryptocurrencies by market capitalization gaining. Ether rebounded, while Avalanche also recovered from a drop-off following whistleblower allegations that the company “weaponized” litigation against its rivals. See related article: Markets: Bitcoin fails to hold above US$20,000, Ether slumps, SHIB slides Fast facts Bitcoin rose 3.4% in the past 24 hours to US$20,300 as of 8 a.m. in Hong Kong, while Ether jumped 8.5% to US$1,553, according to data from CoinMarketCap . Ether Classic, the original chain from which Ether was forked, was also up 8% to US$33.58 as both networks are in the spotlight ahead of the upcoming Ethereum Merge . Avalanche gained 5% to US$19.35, after posting its lowest price since mid-July on Monday at US$17.56. This followed a report on Friday that alleges Ava Labs, the firm behind the network, made a deal with law firm Roche Freedman to collect confidential information on rival companies to attack them with class-action lawsuits. “How could anyone believe something so ridiculous as the conspiracy theory nonsense on Cryptoleaks?” said Emin Gün Sirer , Ava Labs founder and CEO on Twitter. “We would never engage in the unlawful, unethical and just plain wrong behavior claimed in these self-serving videos and inflammatory article.” Solana added 6.9% to US$32.47 and Cardano rose 4.8% to US$0.45. Dogecoin saw more modest gains, adding 3.5% to US$0.063. Uniswap, which has a market cap slightly larger than Ethereum Classic, gained 9.6% to US$6.31 after advertising an event on the firm’s Discord channel to meet the firm’s head of customer experience. U.S. equities started the week lower, extending the slump on Friday sparked by concern the U.S. Fed remains aggressive about raising interest rates. The Dow Jones Industrial Average and the S&P 500 Index were both down roughly 0.6% on Monday, while the Nasdaq Composite Index closed down 1%. See related article: Bitcoin miners, investors still active in BTC despite price fluctuations', 'Bitcoin broke back above US$20,000 in Tuesday morning trading in Asia, with most of the top 10 cryptocurrencies by market capitalization gaining. Ether rebounded, while Avalanche also recovered from a drop-off following whistleblower allegations that the company “weaponized” litigation against its rivals.\nSee related article:Markets: Bitcoin fails to hold above US$20,000, Ether slumps, SHIB slides\n• Bitcoin rose 3.4% in the past 24 hours to US$20,300 as of 8 a.m. in Hong Kong, while Ether jumped 8.5% to US$1,553, according todata from CoinMarketCap.\n• Ether Classic, the original chain from which Ether was forked, was also up 8% to US$33.58 as both networks are in the spotlight ahead of the upcomingEthereum Merge.\n• Avalanche gained 5% to US$19.35, after posting its lowest price since mid-July on Monday at US$17.56. This followed areport on Fridaythat alleges Ava Labs, the firm behind the network, made a deal with law firm Roche Freedman to collect confidential information on rival companies to attack them with class-action lawsuits.\n• “How could anyone believe something so ridiculous as the conspiracy theory nonsense on Cryptoleaks?”said Emin Gün Sirer, Ava Labs founder and CEO on Twitter. “We would never engage in the unlawful, unethical and just plain wrong behavior claimed in these self-serving videos and inflammatory article.”\n• Solana added 6.9% to US$32.47 and Cardano rose 4.8% to US$0.45. Dogecoin saw more modest gains, adding 3.5% to US$0.063. Uniswap, which has a market cap slightly larger than Ethereum Classic, gained 9.6% to US$6.31 afteradvertising an eventon the firm’s Discord channel to meet the firm’s head of customer experience.\n• U.S. equities started the week lower, extending the slump on Friday sparked by concern the U.S. Fed remains aggressive about raising interest rates. The Dow Jones Industrial Average and the S&P 500 Index were both down roughly 0.6% on Monday, while the Nasdaq Composite Index closed down 1%.\nSee related article:Bitcoin miners, investors still active in BTC despite price fluctuations', 'Bitcoin broke back above US$20,000 in Tuesday morning trading in Asia, with most of the top 10 cryptocurrencies by market capitalization gaining. Ether rebounded, while Avalanche also recovered from a drop-off following whistleblower allegations that the company “weaponized” litigation against its rivals.\nSee related article:Markets: Bitcoin fails to hold above US$20,000, Ether slumps, SHIB slides\n• Bitcoin rose 3.4% in the past 24 hours to US$20,300 as of 8 a.m. in Hong Kong, while Ether jumped 8.5% to US$1,553, according todata from CoinMarketCap.\n• Ether Classic, the original chain from which Ether was forked, was also up 8% to US$33.58 as both networks are in the spotlight ahead of the upcomingEthereum Merge.\n• Avalanche gained 5% to US$19.35, after posting its lowest price since mid-July on Monday at US$17.56. This followed areport on Fridaythat alleges Ava Labs, the firm behind the network, made a deal with law firm Roche Freedman to collect confidential information on rival companies to attack them with class-action lawsuits.\n• “How could anyone believe something so ridiculous as the conspiracy theory nonsense on Cryptoleaks?”said Emin Gün Sirer, Ava Labs founder and CEO on Twitter. “We would never engage in the unlawful, unethical and just plain wrong behavior claimed in these self-serving videos and inflammatory article.”\n• Solana added 6.9% to US$32.47 and Cardano rose 4.8% to US$0.45. Dogecoin saw more modest gains, adding 3.5% to US$0.063. Uniswap, which has a market cap slightly larger than Ethereum Classic, gained 9.6% to US$6.31 afteradvertising an eventon the firm’s Discord channel to meet the firm’s head of customer experience.\n• U.S. equities started the week lower, extending the slump on Friday sparked by concern the U.S. Fed remains aggressive about raising interest rates. The Dow Jones Industrial Average and the S&P 500 Index were both down roughly 0.6% on Monday, while the Nasdaq Composite Index closed down 1%.\nSee related article:Bitcoin miners, investors still active in BTC despite price fluctuations', 'Good morning. Here’s what’s happening: Prices: Bitcoin rebounded above $20K; ether rises. Insights: Taipei Blockchain Week is facing a major hurdle in Taiwan\'s COVID-19 quarantine. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. And sign up for First Mover , our daily newsletter putting the latest moves in crypto markets in context. Prices ● Bitcoin ( BTC ): $20,285 +3.1% ● Ether ( ETH ): $1,547 +7.7% ● S&P 500 daily close: 4,030.61 −0.7% ● Gold: $1,751 per troy ounce +0.9% ● Ten-year Treasury yield daily close: 3.11% +0.07 Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found at coindesk.com/indices. Bitcoin Returns to Its $20K Perch By James Rubin After taking a short Sunday dive, bitcoin returned to its new support level above $20,000. The largest cryptocurrency by market capitalization was recently trading at about $21,250, up about 3% over the past 24 hours. BTC\'s resilience offered a sliver of reinforcement for investors who thought the crypto\'s plunge to $19,500 was a precursor to a bigger drop stemming from Federal Reserve Chair Jerome Powell\'s vow to continue the U.S. central banks monetary hawkishness. "Macro [economics] has been in the driver\'s seat all year, and this week and after Jackson Hole, the market has been reminded that the same type of inflationary headwinds with strong job markets remain," Luke Farrell, a cryptocurrency trader for crypto grading firm GSR, told CoinDesk TV. "You\'re seeing a little bit of a reassessment of the optimism that came after the CPI print last month and a bit of oversold conditions that started in June." Ether returned to its pattern of outperforming bitcoin, recently rising more than 7%. ETH is now changing hands well above $1,500 after falling well below this psychologically important level over the weekend. The second largest crypto by market cap has been rising more sharply than BTC over the past couple of months as the Ethereum blockchain nears the Merge, which will change the protocol from proof-of-work to more energy efficient proof-of-stake. Story continues Other altcoins in the CoinDesk top 20 by market cap were in the green, most of them firmly so, with ATOM and LRC recently jumping 12% and 8%, respectively. AVAX rose more than 5%, regaining ground it lost after a self-described "whistleblower" website on Sunday accused Ava Labs, the company behind the Avalanche, the layer 1 blockchain, of paying lawyers to hurt competitors and keep regulators at bay. On Monday, Ava Labs CEO Emin Gün Sirer denied the company has been involved in any behind-the-scenes smear campaign. Equity markets pointed down ,with the tech-focused Nasdaq and S&P 500 indexes off 1% and 0.7%, respectively. U.S. Treasury yields rose as nervous investors sold off government bonds. On Tuesday, the Conference Board releases its monthly consumer confidence index, a widely watched measure of sentiment about the economy. The group\'s last report in July found confidence waning, albeit at a more moderate pace than in June when inflation hit 9.1%. In its weekly fund flows report, CoinShares noted a third consecutive week of outflows totaling $46 million. The report said that $29 million in bitcoin outflows made up the largest portion of this sum. "[O]ur latest @CoinSharesCo fund flows report in two words: investor apathy. no near-term catalysts on the horizon and so we wait...," CoinShares Chief Strategy Officer Meltem Demirors tweeted . our latest @CoinSharesCo fund flows report in two words: investor apathy no near-term catalysts on t Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-08-30 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $390,366,483,450 - Hash Rate: 228317294.5356746 - Transaction Count: 262445.0 - Unique Addresses: 660170.0 Social & AI Sentiment: - Fear & Greed Index: 0.27 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Active wallets on the Solana network increased by 58% this year, outpacing some other blockchains despite a market-wide price decline. Figures for New Daily Addresses on Solana consistently grew its user base throughout the bear market, research by CoinMarketCap citing data from Glassnode and The Block showed . New Daily Addresses refer to first-time wallet users on any blockchain network, which can signal growth and adoption. On Solana, new users peaked at over 400,000 in May before gradually declining to 240,000 users this week. These figures are a jump from December 2021s levels of 150,000 to 170,000 new users each day. Daily active wallets have similarly climbed this year, with over 32 million active users in June and 37 million in May. This rose from an average of 20 million active users in the first four months of 2022. However, data suggests the activity did not amount to inflows. Total value locked (TVL) on decentralized finance (DeFi) applications running on Solana dropped to $2.9 billion this week from Mays $6 billion figure. Solana TVL peaked at $14 billion in December 2021. Solanas native SOL tokens have grown amid rising wallet usage. The tokens added nearly 34% over the past week and are up 30% in the past month, despite market-wide declines and volatility. In comparison, the price of bitcoin (BTC) has risen by 14% in the past month. SOL has gained in the past month amid a broader market drop. (TradingView) Meanwhile, CoinMarketCap noted that active addresses on BNB Chain remained flat over an equivalent period, while data on new users on Ethereum showed a decline since the start of this year. BNBChain has seen its new daily active addresses fall just north of 17.9%. Ethereum is faring worse at 51.8% over the same period, CoinMarketCap said.... - Reddit Posts (Sample): [['u/Familiar_Good_6110', 'Friend is trying to buy a monkey', 374, '2022-08-30 01:46', 'https://www.reddit.com/r/Scams/comments/x13or3/friend_is_trying_to_buy_a_monkey/', 'Hi guys, need a little help. My friend found a TikTok channel named WayneMonkeyBreeder1, and apparently he sells monkeys. She tried to get me to set up a bitcoin and send this dude 300 bucks worth of bitcoin for a down payment on a monkey. Told her definitely not, sounds like a scam, so she told the dude that she wasn’t able to do bitcoin, and wouldn’t you know it, he told her to go get some gift cards. Soon as I heard that I knew something was up, he said he also takes Zelle. There’s another red flag. I tried to talk to her but she is dead set on getting this “monkey”. So She went out got the gift card and is going to give him the code. He told her that once he gets the money he will personally come and bring the monkey and that’s when she will pay him the rest. Well his TikTok looks a little sketchy and he has a website. I have no idea how much monkeys cost but a chimp at 4 grand doesn’t sound right. Can anyone lend some insight on this please, or can anyone find out if he is fraudulent, I’ve tried but I’m not a great sleuth. Thanks guys!!', 'https://www.reddit.com/r/Scams/comments/x13or3/friend_is_trying_to_buy_a_monkey/', 'x13or3', [['u/Church42', 504, '2022-08-30 02:00', 'https://www.reddit.com/r/Scams/comments/x13or3/friend_is_trying_to_buy_a_monkey/imbmoxx/', "Your friend is going to lose the value of the gift card and get nothing in return. If you can convince her to read this and the community's response, maybe she'll be convinced.\n\nZelle is for money transfers between friends and family. They even warn you not to send money to strangers... For good reason, they won't step in and save you from yourself.\n\nI mean this ~~pet breeder~~ scammer has proposed Bitcoin, gift cards, and Zelle for payment... All 3 are pretty much unrecoverable payment methods which is why scammers use them.\n\nSecondarily to this, has she ever had a pet before, much less a monkey? Too many animals have to suffer because they have negligent owners who are not qualified to raise them but got them on a whim. Don't let your friend be this type of person unless she can handle the responsibilities (sorry for my skepticism but your friend doesn't sound like a responsible owner if she's looking on TT for a pet)", 'x13or3'], ['u/Bufete2020', 83, '2022-08-30 02:00', 'https://www.reddit.com/r/Scams/comments/x13or3/friend_is_trying_to_buy_a_monkey/imbmp7o/', 'This is a total SCAM... and you should check with the State code. Here, in California it is illegal to own a monkey as a pet.', 'x13or3'], ['u/amyaurora', 24, '2022-08-30 02:03', 'https://www.reddit.com/r/Scams/comments/x13or3/friend_is_trying_to_buy_a_monkey/imbn0qn/', 'Are you in the US. Different states have differnt laws on owning and selling exotic pets. Which includes monkeys. Legit exotic animal breeders know this. And will not be dealing "under the table" with bitcoin. Even if the monkey is real and the person isn\'t scamming, would your friend want to risk getting busted for illegal animal trading?', 'x13or3'], ['u/Familiar_Good_6110', 131, '2022-08-30 02:04', 'https://www.reddit.com/r/Scams/comments/x13or3/friend_is_trying_to_buy_a_monkey/imbn5k4/', 'I have tried and she is not having it.', 'x13or3'], ['u/Seafea', 94, '2022-08-30 02:04', 'https://www.reddit.com/r/Scams/comments/x13or3/friend_is_trying_to_buy_a_monkey/imbn6me/', 'Your friend is about to learn a very expensive lesson', 'x13or3'], ['u/Familiar_Good_6110', 28, '2022-08-30 02:05', 'https://www.reddit.com/r/Scams/comments/x13or3/friend_is_trying_to_buy_a_monkey/imbn963/', 'It’s legal in our state surprisingly', 'x13or3'], ['u/Church42', 187, '2022-08-30 02:07', 'https://www.reddit.com/r/Scams/comments/x13or3/friend_is_trying_to_buy_a_monkey/imbnliw/', 'If she\'s not going to listen to you or community advice, let her learn a $300 (or more) lesson\n\nAfter they get her for the "down payment" they\'ll get her for the remaining balance and other fake fees (travel/shipping, license fees, other BS)', 'x13or3'], ['u/Familiar_Good_6110', 59, '2022-08-30 02:07', 'https://www.reddit.com/r/Scams/comments/x13or3/friend_is_trying_to_buy_a_monkey/imbnmjy/', 'I will definitely be keeping you guys updated about this', 'x13or3'], ['u/JeffreyPtr', 43, '2022-08-30 02:11', 'https://www.reddit.com/r/Scams/comments/x13or3/friend_is_trying_to_buy_a_monkey/imbo1u3/', "Is she trying to buy a chimpanzee? Losing money to a scammer may actually be better than getting her pet. Chimps can get very nasty and aggressive as they mature. They are also several times stronger than a human. \n\nYou've done all you can pointing out she's being scammed, but depending on where your friend lives there's this that you can add. In many places it's illegal to sell or own certain exotic pets. If the seller doesn't know or care where you live then that says a lot about their integrity.", 'x13or3'], ['u/HaoieZ', 189, '2022-08-30 02:13', 'https://www.reddit.com/r/Scams/comments/x13or3/friend_is_trying_to_buy_a_monkey/imboatj/', "Well, this is got to be the most bizarre fake purchase on r/scams I've ever seen.\n\n&#x200B;\n\nGrandpa Simpson: Mmm I can't wait to eat that monkey.", 'x13or3'], ['u/Familiar_Good_6110', 17, '2022-08-30 02:32', 'https://www.reddit.com/r/Scams/comments/x13or3/friend_is_trying_to_buy_a_monkey/imbqss7/', 'I’m not sure what type of monkey she is TRYING to get. I know at first the guy said he would SHIP it. Smh', 'x13or3'], ['u/amyaurora', 288, '2022-08-30 02:34', 'https://www.reddit.com/r/Scams/comments/x13or3/friend_is_trying_to_buy_a_monkey/imbr1nr/', 'Maybe this will help.\n\nI took one of the monkey pics, Nutty the chimp, and ran it through Tineye. I found matchs going back as far as 2010.', 'x13or3'], ['u/amyaurora', 35, '2022-08-30 02:35', 'https://www.reddit.com/r/Scams/comments/x13or3/friend_is_trying_to_buy_a_monkey/imbr8w1/', 'I am going to trigger the pet scam bot response. Its usually used for posts about dogs..\n\nIt will reply as a response to this comment.\n\n!pet', 'x13or3'], ['u/AutoModerator', 29, '2022-08-30 02:35', 'https://www.reddit.com/r/Scams/comments/x13or3/friend_is_trying_to_buy_a_monkey/imbr8x1/', 'AutoModerator has been summoned to explain the pet scam. First, you will encounter a breeder who may have their own website or who may post listings on an established website. They will offer a good price for a pet with papers, however they will not be able to meet you in real life, and will only sell you the pet with the use of a shipping/courier/freight service. The scammer will demand payment via irreversible payment methods such as Cash App, Venmo, Western Union, or cryptocurrency. The websites they use are usually very easy to spot, as the domain will have been registered recently, and the images they use should be findable using [reverse image search](https://imgops.com/). Once you pay the scammers and they know they have you, they will demand more and more fees for things like airline insurance, crating fees, papers, import permits, etc. If you are involved in a pet scam, you need to stop talking with the scammers and dispute any transactions that you are able to dispute. [Here](https://www.akc.org/expert-advice/news/spot-puppy-scam/) is an article from the AKC regarding pet scams, and [here](https://toronto.ctvnews.ca/woman-scammed-out-of-950-trying-to-adopt-puppy-for-free-1.4929787) are [two](https://www.cbc.ca/news/canada/newfoundland-labrador/nl-alleged-pet-scam-1.5623735) news articles about pet scams.\n\nI am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/Scams) if you have any questions or concerns.', 'x13or3'], ['u/ZoidsFanatic', 70, '2022-08-30 02:50', 'https://www.reddit.com/r/Scams/comments/x13or3/friend_is_trying_to_buy_a_monkey/imbt6pc/', 'Who in their right mind would buy a monkey from TikTok?\n\nUnfortunately, I think your friend is going to learn a very, very expensive lesson here. While you can buy apes (and I don’t recommend it), they’re done at expo shows, and not online. Any good breeder would not “ship” a monkey in a box. For very, very obvious reasons. Not to mention that taking care of a monkey is very, very taxing. I’d look up videos on why owning a monkey is a horrible, horrible idea for a start to show your friend.\n\nAlso, do you have a link to the website? Easy to point out all the scam points that way.\n\nEdit:\n\nSo, the WhoIs has the site being created in 2020. The writing on the website is all over the place. There is no location listed on the website, but the WhoIs says the website is setup in Denver. However, I wasn’t able to even find a proper address even with that. Any legitimate sellers would list their locations.\n\nWhat’s more, you can reverse image search the images, and find similar scam sites selling the same monkeys.\n\nAnd also the fact that no breeder would ever ask for Bitcoin, and is constantly trying to get your friend to use shady methods, these are all massive, massive red flags. And all the testimony on the site is sock puppets.', 'x13or3'], ['u/Tomsangel1978', 16, '2022-08-30 02:50', 'https://www.reddit.com/r/Scams/comments/x13or3/friend_is_trying_to_buy_a_monkey/imbtao5/', "Nope ain't no one selling monkeys on tiktok your friend about to get ripped off.", 'x13or3'], ['u/goodboybane', 37, '2022-08-30 02:52', 'https://www.reddit.com/r/Scams/comments/x13or3/friend_is_trying_to_buy_a_monkey/imbtiyv/', "I'm 100% sure your friend is too immature and stupid to actually take care of a monkey if they actually believe they can just buy one from a TikTok account.", 'x13or3'], ['u/CaliforniaSpeedKing', 21, '2022-08-30 02:58', 'https://www.reddit.com/r/Scams/comments/x13or3/friend_is_trying_to_buy_a_monkey/imbuaks/', 'Your friend is about to get scammed and won’t get anything in return. Also, adopting a monk... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin fell back below US$20,000 after moving above that resistance line on Tuesday, while Ether also lost ground in early morning trading in Asia on Wednesday amid signs broader macroeconomic concerns are keeping a lid on cryptocurrency markets.\nSee related article:Markets: Bitcoin holds gains; Ether, Avalanche surge; Solana jumps\n• Bitcoin fell 2.5% in the past 24 hours to US$19,796 as of 8 a.m. in Hong Kong, while Ether lost 1.9% to US$1,523, according todata from CoinMarketCap. Both of the leading tokens have fallen more than 7% in the past week.\n• Cardano was the only token in CoinMarketCap’s top 10 by market capitalization to make any headway, trading up 0.3% to US$0.45, and reducing its losses over seven days to about 2%.\n• Leading memecoin Dogecoin posted the largest decline at 3.7% to US$0.061, while fellow memecoin Shiba Inu token — which sits just outside the top 10 — also fell 2.5% to US$0.00001218. Dogecoin is down about 9% over a week and Shiba Inu is off 7%.\n• Some minor coins saw gains: Cosmos added 4% to US$11.90 and Flow gained 5% to US$2.\n• U.S. equities continue their downward spiral overnight as last Friday’s tough remarks by the U.S. Federal Reserve on fighting inflation makes higher interest rates more likely ahead. The Dow Jones Industrial Average lost 1%, while the S&P 500 Index and the Nasdaq Composite Index both ended the day off 1.1%.\n• As the U.S. is the world’s biggest economy and home to the largest financial markets, its moves on interest rates set the tone for all other markets, even as China has cut rates amid a broad economic slowdown and Japan is sticking with its ultra-low rate policy.\nSee related article:What in crypto hell just happened to all your money?', 'Bitcoin fell back below US$20,000 after moving above that resistance line on Tuesday, while Ether also lost ground in early morning trading in Asia on Wednesday amid signs broader macroeconomic concerns are keeping a lid on cryptocurrency markets. See related article: Markets: Bitcoin holds gains; Ether, Avalanche surge; Solana jumps Fast facts Bitcoin fell 2.5% in the past 24 hours to US$19,796 as of 8 a.m. in Hong Kong, while Ether lost 1.9% to US$1,523, according to data from CoinMarketCap . Both of the leading tokens have fallen more than 7% in the past week. Cardano was the only token in CoinMarketCap’s top 10 by market capitalization to make any headway, trading up 0.3% to US$0.45, and reducing its losses over seven days to about 2%. Leading memecoin Dogecoin posted the largest decline at 3.7% to US$0.061, while fellow memecoin Shiba Inu token — which sits just outside the top 10 — also fell 2.5% to US$0.00001218. Dogecoin is down about 9% over a week and Shiba Inu is off 7%. Some minor coins saw gains: Cosmos added 4% to US$11.90 and Flow gained 5% to US$2. U.S. equities continue their downward spiral overnight as last Friday’s tough remarks by the U.S. Federal Reserve on fighting inflation makes higher interest rates more likely ahead. The Dow Jones Industrial Average lost 1%, while the S&P 500 Index and the Nasdaq Composite Index both ended the day off 1.1%. As the U.S. is the world’s biggest economy and home to the largest financial markets, its moves on interest rates set the tone for all other markets, even as China has cut rates amid a broad economic slowdown and Japan is sticking with its ultra-low rate policy. See related article: What in crypto hell just happened to all your money?', 'Bitcoin fell back below US$20,000 after moving above that resistance line on Tuesday, while Ether also lost ground in early morning trading in Asia on Wednesday amid signs broader macroeconomic concerns are keeping a lid on cryptocurrency markets.\nSee related article:Markets: Bitcoin holds gains; Ether, Avalanche surge; Solana jumps\n• Bitcoin fell 2.5% in the past 24 hours to US$19,796 as of 8 a.m. in Hong Kong, while Ether lost 1.9% to US$1,523, according todata from CoinMarketCap. Both of the leading tokens have fallen more than 7% in the past week.\n• Cardano was the only token in CoinMarketCap’s top 10 by market capitalization to make any headway, trading up 0.3% to US$0.45, and reducing its losses over seven days to about 2%.\n• Leading memecoin Dogecoin posted the largest decline at 3.7% to US$0.061, while fellow memecoin Shiba Inu token — which sits just outside the top 10 — also fell 2.5% to US$0.00001218. Dogecoin is down about 9% over a week and Shiba Inu is off 7%.\n• Some minor coins saw gains: Cosmos added 4% to US$11.90 and Flow gained 5% to US$2.\n• U.S. equities continue their downward spiral overnight as last Friday’s tough remarks by the U.S. Federal Reserve on fighting inflation makes higher interest rates more likely ahead. The Dow Jones Industrial Average lost 1%, while the S&P 500 Index and the Nasdaq Composite Index both ended the day off 1.1%.\n• As the U.S. is the world’s biggest economy and home to the largest financial markets, its moves on interest rates set the tone for all other markets, even as China has cut rates amid a broad economic slowdown and Japan is sticking with its ultra-low rate policy.\nSee related article:What in crypto hell just happened to all your money?', 'By John McCrank and Saqib Iqbal Ahmed\nNEW YORK (Reuters) - The dollar eased against a basket of currencies on Wednesday, but remained near the 2-decade high hit on Monday, as traders braced for more interest rate hikes from the U.S. Federal Reserve.\nThe dollar index, which measures the greenback against a basket of six currencies, was last down 0.1% at 108.66, after earlier coming within a whisker of Monday\'s two-decade peak of 109.48.\nThe index is on track for a rise of around 2.6% in August, its third-straight monthly gain.\nA steady line of Fed officials have reiterated support for further rate hikes to quell decades-high inflation, the latest being Cleveland Fed President Loretta Mester, who said on Wednesday that rates will have to rise to "somewhat above 4%" by early next year and then be held there for some time.\nThe comments followed a hawkish speech from Fed Chair Jerome Powell at the Jackson Hole central banking symposium in Wyoming last week that slammed the door shut on the idea that the Fed might pivot and begin lowering rates by mid-2023.\n"We\'re still trading on Jackson Hole," said Joseph Trevisani, senior analyst at FXStreet.com. "The idea that they\'re going to do a 180 and reverse again if we end up with negative growth in the third quarter just doesn’t seem possible."\nTraders are now pricing in about a 68.5% chance of a 75 basis point Fed rate hike next month, according to data from Refinitiv.\n"All of these bets that came in late July about the Fed potentially pivoting have to unwind, and so that\'s meant we\'ve got to buy dollars again because the Fed is not done," said Erik Bregar, director of FX & precious metals risk management at Silver Gold Bull.\n"The only real change we\'ve had now is that we have an ECB (European Central Bank) that looks like it\'s desperate to catch up and so the rate spreads are helping euro-dollar kind of hang in there," he said.\nThe euro rose back above parity with the dollar on Wednesday, but the outlook for the common currency remained mired in uncertainty amid a burgeoning energy crisis and recession fears.\nOn Wednesday, Russia halted gas supplies from the Nord Stream 1 pipeline, intensifying an economic battle between Moscow and Brussels and raising the prospects of a recession and energy rationing in some of the world\'s richest countries.\n"The narrative that has helped the euro at the start of the week, which is an improvement in the gas story, is fading now, which we think will put a cap on euro-dollar," said ING currency strategist Francesco Pesole.\nThe euro was last up 0.31% at $1.0047.\nInflation in the euro zone rose to another record in August, beating expectations and solidifying the case for further big European Central Bank (ECB) rate hikes.\nA growing number of ECB officials have been calling for oversized rate hikes to combat surging inflation, which could exceed 10% in the coming months.\nElsewhere, Norway\'s krone fell about 1.5% against the dollar after the country\'s central bank said it would buy more foreign currency for its sovereign wealth fund. [nL8N30720W]\nSterling was down 0.3% at $1.16185 and on pace for its worst month since October 2016 against the dollar with a drop of 4.6% as investors worry the British economy is slowing sharply just as inflation gathers pace.\nBitcoin was up 0.73% to 19,963, but gains were capped as investors remained wary of risky assets.\n(Reporting by John McCrank and Saqib Iqbal Ahmed in New York; additional reporting by Samuel Indyk in London; Editing by Jonathan Oatis, Kirsten Donovan)', 'By John McCrank and Saqib Iqbal Ahmed NEW YORK (Reuters) - The dollar eased against a basket of currencies on Wednesday, but remained near the 2-decade high hit on Monday, as traders braced for more interest rate hikes from the U.S. Federal Reserve. The dollar index, which measures the greenback against a basket of six currencies, was last down 0.1% at 108.66, after earlier coming within a whisker of Monday\'s two-decade peak of 109.48. The index is on track for a rise of around 2.6% in August, its third-straight monthly gain. A steady line of Fed officials have reiterated support for further rate hikes to quell decades-high inflation, the latest being Cleveland Fed President Loretta Mester, who said on Wednesday that rates will have to rise to "somewhat above 4%" by early next year and then be held there for some time. The comments followed a hawkish speech from Fed Chair Jerome Powell at the Jackson Hole central banking symposium in Wyoming last week that slammed the door shut on the idea that the Fed might pivot and begin lowering rates by mid-2023. "We\'re still trading on Jackson Hole," said Joseph Trevisani, senior analyst at FXStreet.com. "The idea that they\'re going to do a 180 and reverse again if Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-08-31 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $387,090,546,356 - Hash Rate: 219862688.8918816 - Transaction Count: 260425.0 - Unique Addresses: 652024.0 Social & AI Sentiment: - Fear & Greed Index: 0.23 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: To bring an end to the crypto winter and for the crypto sector, and America, to thrive for the long term, crypto must rise to the challenge posed by its fervent critics. These critics are actively working to undermine our viability. The market cap of the cryptocurrency sector has dropped from over $2.4 trillion in May 2021 to, as we write, $ 1.09 trillion . More than half. Adelle Nazarian is the chief executive officer of the American Blockchain PAC, and Alex Allaire is the chief executive officer of the American Blockchain Initiative. The sector's adversaries do not deserve all the credit, or blame, for crypto's price implosion. Yet they aren’t the first to wage political war on the market capitalization of a rival economic sector. They are delightedly using the price implosion cap as an opportunity to double down on their attacks. Make no mistake. The crypto sector's adversaries are formidable. To steal a meme: The Empire strikes back. Time for the return of the Jedi! We must stand up for crypto in the public relations and policy arenas. We, the authors, are actively making, and call on others to make, the case for crypto. The case for crypto is immense, one of innovation and growing productivity – and the rising tide of equitable prosperity that accompanies that. We must not and will not allow the enemies of progress to crush this historic wave of innovation. Meanwhile, they try. 26 experts In an acidly critical piece in The Los Angeles Times Michael Hiltzik recently observed: "In an open letter earlier this month, a group of 26 experts urged congressional leaders to take steps to protect the public from these "risky, flawed, and unproven digital instruments." Their letter ultimately attracted signatures from 1,700 scientists and technologists, according to Stephen Diehl, a British engineer who is one of the organizers. The writers said, "We strongly disagree with the narrative – peddled by those with a financial stake in the crypto-asset industry – that these technologies represent a positive financial innovation." Story continues Meanwhile, Ben Schreckinger, at Politico, recently headlined " Bankers Revel in Crypto's Crash ": "Yesterday, when the Bank for International Settlements released its 115-page page annual economic report, it devoted the final third to a detailed takedown of crypto and decentralized finance. The BIS is the most institutional of institutional players – an international organization that acts as a bank for central banks and is also owned by central banks. ... In recent years, papers published under the bank's aegis have gone from dismissive to defensive in their treatment of crypto." And consider the attacks by the likes of Bill Gates, Jr., who admitted in his book "The Road Ahead," that lost the web for Microsoft (MSFT) by believing that "the technology for 'killer applications' was inadequate to lure consumers to the Internet …" Gates, driving in his chronic blind spot, recently accused crypto of being based in "the greater fool theory ." Notoriously, Gates's bridge partner, billionaire investor Warren Buffett, called crypto " probably rat poison squared ." These attacks drew a blistering riposte from the never-bashful Peter Thiel against the "finance gerontocracy," calling Buffett the "sociopathic grandpa from Omaha." That said, one blistering insult does not a crusade make. Read More: The Case for Investing in Bitcoin During Crypto Winter No disrespect to Thiel: The best defense is a good offense. There's another perspective, one which seizes the moral high ground from crypto's critics. Consider the perspective of crypto's creators as well as its destroyers. Ethereum’s co-inventor: Vitalik Buterin and his dad "Dima,” also a member of the cryptocenti, provided a very constructive perspective. Speaking with Fortune : "Vitalik: I think, in general, the luna [cryptocurrency] collapse is in some ways one of these important, kind of healthy moments in crypto reminding people that downsides are real. You can't just build a system and magically pretend that the negative case is never going to happen. "You can't just worry about what the interest rates look like in the short term, you also have to worry about the fat tails, worry about these really exceptional situations. I think that's insight that's ultimately going to lead to a more stable crypto ecosystem at the same time." "Dima: This was a very traumatic event for a lot of people losing lots of money. My hope is that we will not be limited to, 'Let's restrict. Let's forbid. Let's stop this.' There are all kinds of consequences ... and lessons we learn from all of that. [But] the lessons can keep moving us forward versus trying to keep us safe." So, what’s really going on? Capitalism. Capitalism was characterized by Joseph Schumpeter, one of its greatest theorists, as "creative destruction." Per economist Ricardo J. Caballero writing for MIT, this references "the incessant product and process innovation mechanism by which new production units replace outdated ones ... Over the long run, the process of creative destruction accounts for over 50% of productivity growth." Read More: Ms. Crypto Goes to Washington Creative destruction, which makes the public as well as the innovators much better off, is not for the faint of heart. The flourishing of the blockchain sector is not, in the immortal words of Gen. Pete Worden, a "self-licking ice cream cone." The Empire – legacy finance – strikes back? Cue John Williams . Now we the Jedi – the guerrilla warriors of Crypto – return.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening:\nPrices:Bitcoin holds above $20K; ether climbs.\nInsights:The founder of the Waves protocol defended the decision to add the SURF token to a basket supporting the USDN stablecoin.\nCatch the latest episodes ofCoinDesk TVfor insightful interviews with crypto industry leaders and analysis. Andsign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context.\n●Bitcoin (BTC): $20,025+1.4%\n●Ether (ETH): $1,553+2.3%\n●S&P 500 daily close: 3,955.00−0.8%\n●Gold: $1,720 per troy ounce−0.2%\n●Ten-year Treasury yield daily close: 3.13%+0.02\nBitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found atcoindesk.com/indices.\nBitcoin Burrows in Above $20K\nBy James Rubin\nFresh from its Tuesday rally back above the psychologically important $20,000 threshold, bitcoin burrowed in.\nThe largest cryptocurrency in market value was recently trading at roughly $20,100, up about a percentage point over the past 24 hours as investors looked ahead nervously after a month to forget in crypto markets. BTC has fallen more than 13% in August and nearly 20% since the middle of the month when a surge steeped in the false hopes of a return to more moderate monetary policy (since dashed by Federal Reserve Chair Jerome Powell in Jackson Hole, Wyoming) sent the price up near $25,000.\nThe Fed is "talking tough, tough, tough, which is why stocks and cryptos have been falling," Glen Goodman, crypto consultant at exchange eToro, told CoinDesk TV\'s "First Mover" program.\nEther was recently changing hands at roughly $1,550, also rising more than a percentage point from Tuesday. The second-largest cryptocurrency by market capitalization has dropped 7% in August and more than 20% since mid-month euphoria about the Merge, the Ethereum blockchain\'s hotly anticipated protocol switch from a proof-of-work to more energy-efficient proof-of-stake sent spurred an ether price spike over $2,000.\nOther major altcoins spent much of the day in the green, with LUNA and MATIC both up more than 2% at one point. ADA was recently down 1.3%.\nEquities\nStocks that have correlated with cryptos for much of the year went a different way on Wednesday, falling for a fourth consecutive day. The tech-focused Nasdaq declined more than 0.5%, while the S&P 500, which has a strong tech component, and Dow Jones Industrial Average (DJIA) tumbled 0.8% and 0.9%, respectively to cap their own devilish month. The Nasdaq and S&P each plunged more than 4% after emerging from bear market territory during August\'s first week.\nCentral bankers and others trying to make sense of the confoundingly resilient employment market received some logic in management services firm ADP\'s August employment report that showed private-sector employers adding an unexpectedly low 132,000 jobs during the month. The total was 60% below the average of the previous three months and offered one of the few recent signs that labor markets may soon be slowing. Still, the reading is unlikely to sway the Federal Reserve from its commitment to boost interest rates aggressively to tame inflation, even at the expense of a continued economic contraction that is frightening asset markets.\nIn crypto news, South Korean customs authorities on Tuesdayarrested16 people involved in illegal foreign exchange transactions, reported local outletNewsis. And as CoinDesk\'s Danny Nelsonreported, Credit Suisse held tens of millions of dollars in “digital assets” for its clients at the end of the second quarter, according to regulatory filings. The disclosure underscored how traditional financial institutions are inching toward crypto custody.\neToro\'s Goodman called September "the cruelest month for stock markets" going back to the 1950s, noting cryptos\' recent link to equity markets, and he also highlighted bearish sentiment on Twitter about the coming month. But summoning his inner contrarian, he added that he couldn\'t "help but think the opposite."\n"Looking at the stock and the crypto charts that are correlated to them, they look bearish, but it\'s not a predetermined conclusion that we will definitely get down to that level and then go even lower," he said. "There is hope that stocks and bonds, [and] cryptos could turn around."\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "+2.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Ethereum", "Ticker": "ETH", "Returns": "+2.3%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "+2.3%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Cardano", "Ticker": "ADA", "Returns": "\\u22121.3%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "\\u22120.9%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22120.7%", "DACS Sector": "Smart Contract Platform"}]\nIs USDN Like UST? No, Says Waves Founder Sasha Ivanov\nBy Shaurya Malwa\nWaves founder Sasha Ivanov dismissed criticism of the protocol’s recent decision to add the new SURF token as part of the basket of tokens that backs its USDN stablecoin, which some detractors say has “created a model similar to UST,” referring toTerra\'s algorithmic stablecoin.\nIvanov explained to CoinDesk over several Telegram messages on Wednesday that USDN’s model involves four tokens in its mechanics – WAVES, NSBT, USDN itself and SURF – with all of them supplying liquidity to, and helping USDN retain, its $1 peg.\n“UST was backed by nothing – LUNA [the token] was burned to create UST. It was never intended to be backed up by anything other than the algorithm,” Ivanov explained. “The opposite is true of USDN. WAVES tokens are held in a smart contract to collateralize USDN.”\nAlgorithmic stablecoins are backed by a basket of tokens and rely on smart contracts and arbitrage mechanisms to hold their peg to a chosen currency, usually U.S. dollars. In USDN’s case, users must lock in WAVES in Neutrino\'s smart contracts to mint USDN, while USDN redemptions have the opposite effect of destroying the stablecoin to unlock WAVES supply.\nWaves’ native USDN stablecoins fell to nearly 90 cents last week after a liquidity crisis caused the tokens to lose their intended peg with U.S. dollars, causing wider crypto market concerns.\nSasha Ivanov has previously raised these concerns. "We have to work on the algorithm. And what happens now is kind of inevitable, which is just a test of the whole system,” he said on CoinDesk TV’s “First Mover” program in June.\nUSDN\'s lost peg\nThe concerns resurfaced last week as USDN lost its peg, which concerned some analysts.\n“Even though all purchases made with this token add to USDN backing, the move created a model similar to UST by relying on a secondary token to support the stablecoin\'s peg by providing liquidity,” Iakov Levin, CEO of crypto yield platform Midas, explained in a message to CoinDesk.\nLevin further stated that market participants were likely removing liquidity from decentralized finance (DeFi) platforms ahead of the upcomingEthereum Mergeupgrade. “No one is keen on supporting the peg of another algorithmic stablecoin. This model potentially leads to dire consequences and extreme fragility of the peg,” he told CoinDesk in Telegram messages.\nIvanov, however, pinned last week’s USDN deppeging to Vires Finance, a lending platform built on Waves. The depeg has happened due to the repayment plan implemented by the community vote on Vires finance,” Ivanov said. “$1 million USDN is released daily in repayment to Vires depositors, and it seems that amount is too high to be sustainable for the peg of USDN.”\nVires previously faced scrutiny from market participants in April, when several Twitter handlesaccused the Waves team of manipulating the priceof its native token through the platform. Ivanov dismissed the allegations at the time, accusing Alameda Research of manipulating waves prices and running a hostile media campaign to trigger a panic selling.\nMeanwhile, the possibility of depegged stablecoins remains a worry among the crypto community, a part of which is plagued by fears of a UST-like repeat months after the Terra ecosystem crashed and wiped off some $28 billion in value from related applications.\n12:30 a.m. HKT/SGT(8:30 a.m. UTC):Jibun Bank manufacturing PMI(August)\n9:45 a.m. HKT/SGT(1:45 a.m.UTC): Caixin manufacturing PMI(August)\n8:30 p.m. HKT/SGT(12:30 p.m. UTC):U.S. continuing jobs claims(August 19)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nHas Bitcoin Hit a Floor? Blockchain Data and the Ethereum Merge\nWith Ethereum\'s long-awaited transition to proof-of-stake (PoS) fast approaching, blockchain analytics firm Coin Metrics is out with a new report explaining the move, along with data that provides some insights about user behavior. Lucas Nuzzi, Coin Metrics head of research and development, joined "First Mover" to discuss the findings. Glen Goodman, eToro crypto consultant, provided his bitcoin and crypto markets outlook. Also, Mythical Games CEO John Linden took a look at the state of the non-fungible token (NFT) market.\nMore Volatility Ahead for Bitcoin as Federal Reserve Keeps Quiet:BTC traders will have to be data dependent, just like the central bank.\nBitcoin Miners\' Profitability May Narrow as Mining Difficulty Hits Second-Biggest Increase This Year:Bitcoin miners are stepping up production as the weather cools down, so the network automatically adjusted to increase the difficulty of mining a block.\nA16z Wants to Standardize NFTs by Giving You a License for Your Token:Andreessen Horowitz\'s crypto arm is releasing a free licensing system, aiming to help the NFT sector fulfill its "economic potential."\nMorgan Stanley Says S Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-09-01 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $385,536,772,688 - Hash Rate: 212503108.15739748 - Transaction Count: 268022.0 - Unique Addresses: 685449.0 Social & AI Sentiment: - Fear & Greed Index: 0.20 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Tel Aviv, Israel, Aug. 23, 2022 (GLOBE NEWSWIRE) --TheWatch, a technology company making blockchain seamlessly accessible to developers, has announced that its productsWatchDataandWatchBlockhave been updated to support the Merge and will continue providings their serviced without interruptions. The Merge is an upgrade of the Ethereum network that is expected to take place in September 2022. The change will turn Ethereum from a Proof-of-Work into a Proof-of-Stake network, making it more robust, faster and cheaper. The exact timing of The Merge is contingent on timelines from the Ethereum Foundation. TheWatch have performed a technical review and implemented the necessary updates to ensure that both WatchData, an API service for web3, and WatchBlock, a blockchain transactions monitoring platform, are prepared for the updated Ethereum and will operate as usual after the change, providing their customers with real-time data and insights. Most of the preparatory work was done by Ethereum foundation developers who made a detailedchecklistfor developers to simplify the updating procedure. In a nutshell, TheWatch team did the following: • Run a Beacon Chain nodes • Changed launch parameters • Updated and testd the nodes • Configured node management to ensure all data is consistent “The Merge significantly changes how certain parts of the Ethereum network work”, saysSvyatoslav Dorofeev, CEO of TheWatch. “Every member of the ecosystem, whether you’re a miner, a DeFi protocol or a node provider, has to prepare in advance if you want to provide uninterrupted service”. After the Merge, an Ethereum full node will have both a consensus layer (CL) client and an execution layer (EL) client. The EL executes transactions, and the CL maintains the user-state. These communicate over an authenticated port using a new set of JSON RPC methods called the Engine API. The EL and CL authenticate each other using a JWT secret that node operators should refer to their clients' documentation for instructions about how to generate and configure. The Beacon and JSON RPC APIs will be maintained by each layer individually, allowing developers to make use of both. WatchData provides web3 developers with a single API to seamlessly access blockchains: its suite of tools and superior infrastructure enables developers to build apps and services with ease. WatchData turns transaction blocks into accessible datasets ready for thorough analysis and research. Over 460 companies are using WatchData, and this number is growing every month.WatchData supports Ethereum, Bitcoin, Polygon Binance Smart Chain, and Tron where users have access to historical data and data from the node directly. Customers use WatchData for analytics, portfolio tracking, wallet, and payment services as well as for building DeFi products and dApps for their needs: the web3 community included WatchData in related roadmaps such asDeFi Developer Road Map,web3-tools, and others. WatchBlock is a SaaS tool that offers a simple, convenient and intuitive dashboard, provides insights into transaction data, purchase history, and risk management to Virtual Asset Service Providers. All client transaction monitoring and related operations are handled by WatchData solutions, which ensures higher speed and guarantees security. About WatchData WatchData is a platform that helps web3 developers seamlessly interact with the blockchain. It provides a suite of developer tools, enhanced APIs, and superior infrastructure to drastically simplify building blockchain apps. WatchData turns raw transaction blocks into accessible datasets ready for thorough analysis and research. Companies use WatchData for analytics, portfolio tracking, wallet, and payment services as well as for building DeFi products and dApps for their needs. For more information please visithttps://www.watchdata.io/ About TheWatch TheWatch combines products providing services for payments in the blockchain and their analytics. The company has its own product portfolio of services that includes WatchData, a flagship infrastructure product, and WatchBlock, transaction monitoring for virtual assets service providers. TheWatch operates as a part of a group of companies that also includes Calypso Pay, an all-in-one crypto processing platform that allows receiving payments from the clients fast in a secure way and paying the partners or workers almost instantly. For more information please visithttps://www.thewatch.io CONTACT: Svyatoslav Dorofeev CEO, TheWatch dorofeev (at) thewatch.io... - Reddit Posts (Sample): [['u/ControlPlusZ', "Let's have a serious conversation about Cathy Woods - what the ARK investment is (and is not).", 16, '2022-09-01 00:38', 'https://www.reddit.com/r/shroomstocks/comments/x2qvrf/lets_have_a_serious_conversation_about_cathy/', 'Cathy Woods\'s investment in ARK sparked a spirited debate and I wanted to share my thoughts beyond just a quick headline post.\n\nIt may surprise some that I am not a huge fan of Cathy Woods but I do see value in the investment and publicicity and have to give her credit where credit is due.\n\nI feel she deserves credit (and I will expand on this) for being able to identify trends early and those criticisms of her are unrelated to this point or somewhat tied to the ARK prospectus (I assume few one read this).\n\nLet\'s talk about what I think she got right...\n\nARK, on occasion, does deep dives. They have done very few of these. I understand that psychedelics will be one of those.\n\nSince 2016 ARK has published 22 deep dives. Those 22 deep dives centered on only 4 areas. They are:\n\n1. BTC\n2. 3d Printing (PRNT)\n3. TESLA\n4. CRISPR (four tickers)\n\nOk, so she is not just picking everything and then advertising the winners - we have four stocks.\n\nHow did they do? Here are the results from the time she recommended them to the peak (since this is to the peak take that with a grain of salt).\n\n1. BTC 18,000%\n2. 3d Printing 125% (PRNT)\n3. TSLA 2,900%\n4. CRISPR Companies (four)\n\n* \\-NTLA 580%\n* \\-EDIT 152%\n* \\-BLUE 16%\n* \\-CRSP 325%\n\nI consider that pretty darn decent. She made four high conviction plays in six years returning 16%,125%, 152%, 325%, 2,900% and 18,000%. What else performed better?\n\nI would also point out that she was ridiculed and laughed at when she made this investment. She does not seem to shy away from taking a contrarian position.\n\nBased on this I give her credit for being able to identify a few select trends very early. I believe psychedelics will be one of them.\n\nLet\'s discuss some criticisms of her. They are usually the following:\n\n* "Ha Ha, She Bought XYZ at $9,000,000 and lost!!!!". "She cannot manage risk" "Just buy more TSLA!!! ELlllooooooooonnnnnnn"\n\nThese fall into three categories.\n\n1. Bad trades. Yes, she made them.\n2. Isolated data points are not related to my original point and should be presented as part of a more comprehensive thesis.\n3. Somewhat explained by the ARKK prospectus.\n 1. The ARKK prospectus requires her to be nearly fully invested at all times absent extraordinary events. If your investors hire you to invest in biotech or tech or crypto and that sector falls as a whole- what do you do? What biotech stock would you have selected when XBI fell 58% or tech stock when QQQ fell 30%? Sure you could say market conditions are extraordinary and hoard cash but you agreed with your investors this was a high-risk tech fund to be invested almost 100% in tech/crypto etc. I still feel she needs to work this out though but as a public investor, you can exit at any time. There is no lockup.\n\nLastly, don\'t let this weigh too much on you. The largest institutional investors in ATAI and CMPS ARE NOT ARK. Insiders and venture funds hold more than ARK (per their 13F filings). Insiders only make money if you do. Venture Funds are paid on performance fees. They only get paid if the stock goes up as well. ARKK is the first public fund to buy ATAI / CMPS but far from the first nor the largest. The fact that institutions hold more but everyone talks about ARK now should tell everyone the publicity she brings.', 'https://www.reddit.com/r/shroomstocks/comments/x2qvrf/lets_have_a_serious_conversation_about_cathy/', 'x2qvrf', [['u/9mac', 17, '2022-09-01 00:57', 'https://www.reddit.com/r/shroomstocks/comments/x2qvrf/lets_have_a_serious_conversation_about_cathy/iml4zyd/', 'I find her weird ass "faith based investing" schtick to be completely off putting, but that\'s me.', 'x2qvrf'], ['u/ControlPlusZ', 10, '2022-09-01 04:48', 'https://www.reddit.com/r/shroomstocks/comments/x2qvrf/lets_have_a_serious_conversation_about_cathy/imm09x1/', 'On ATAI and CMPS yeah. Ark is ok overall… sorta a mixed bag but she sees trends early.\n\nLike I said their are other larger investors in ATAI even bigger than ARK and that increases my confidence.', 'x2qvrf']]], ['u/EmptySymbol', 'How is crypto any better for fighting wealth inequality when there are whales who currently own billions in BTC?', 437, '2022-09-01 02:33', 'https://www.reddit.com/r/CryptoCurrency/comments/x2tfa4/how_is_crypto_any_better_for_fighting_wealth/', 'How is a crypto-based future economy going to be any different than our current fiat-based situation when BTC goes "to the moon"? We will, at that point, have the world\'s first multi trillionaires... and there will still be massive wealth inequality, just different people holding the power.\n\n&#x200B;\n\nI really want to imagine a currency that gives everyone on the planet a shot at personal wealth, but not any one person owning a huge fraction of it (which is exactly the issue right now.) Seems counter to what crypto\'s ultimate goal is. I\'m not talking about communism, just proper wealth distribution. I would say, me personally, any one person who owns more than 50BTC is in this weird area of, on a gut level, too much fucking money for a single person (if BTC is fully embraced.) I know people are gonna hate me for saying that. Fuckin downvote, idc. BUT, I ask you, should we have moral obligations to get as much wealth distributed to as many people as possible? Or is this a "the old King is dead, Long Live the King!" scenario, and we\'re back in our modern horror show but now with internet money and tech-flavored oligarchs?', 'https://www.reddit.com/r/CryptoCurrency/comments/x2tfa4/how_is_crypto_any_better_for_fighting_wealth/', 'x2tfa4', [['u/magiblufire', 27, '2022-09-01 02:36', 'https://www.reddit.com/r/CryptoCurrency/comments/x2tfa4/how_is_crypto_any_better_for_fighting_wealth/imlif8b/', "It isn't. Nothing people say about crypto is true besides technical specifications. Everything else is copium.", 'x2tfa4'], ['u/ipetgoat1984', 55, '2022-09-01 02:37', 'https://www.reddit.com/r/CryptoCurrency/comments/x2tfa4/how_is_crypto_any_better_for_fighting_wealth/imlikc2/', 'It’s not. It takes money to make money like all investments. The beginning of BTC was a long shot that worked out for some people. And it will be a good investment in the long run. But it’s not going to flip the scales.', 'x2tfa4'], ['u/JeremyBF', 12, '2022-09-01 02:40', 'https://www.reddit.com/r/CryptoCurrency/comments/x2tfa4/how_is_crypto_any_better_for_fighting_wealth/imlj0ye/', 'Bitcoin was made to fight the ability of the the government to inflate away the life savings of the average person. Fighting wealth inequality was not something crypto was made to do, any new crypto claiming to do that is probably just a scam.', 'x2tfa4'], ['u/Imalittlestitious86', 52, '2022-09-01 02:40', 'https://www.reddit.com/r/CryptoCurrency/comments/x2tfa4/how_is_crypto_any_better_for_fighting_wealth/imlj1au/', 'Crypto isn’t just going to magically level the playing field. Billionaires and institutions will always go to where the money is. Who do you think has been dumping on us poor retail degens.', 'x2tfa4'], ['u/surrender_the_juice', 373, '2022-09-01 02:44', 'https://www.reddit.com/r/CryptoCurrency/comments/x2tfa4/how_is_crypto_any_better_for_fighting_wealth/imljksh/', 'Anyone saying that crypto is going to fight wealth inequality is lying or ignorant.', 'x2tfa4'], ['u/rorowhat', 13, '2022-09-01 02:45', 'https://www.reddit.com/r/CryptoCurrency/comments/x2tfa4/how_is_crypto_any_better_for_fighting_wealth/imljnh3/', "Simple, whales can't print more bitcoin like the current Fiat gods can.", 'x2tfa4'], ['u/Hank___Scorpio', 15, '2022-09-01 02:47', 'https://www.reddit.com/r/CryptoCurrency/comments/x2tfa4/how_is_crypto_any_better_for_fighting_wealth/imljydp/', "The rich keep their wealth in assets that accrue value and pay you in tokens that are designed to lose value.\n\nDemanding to be paid in the money, whose supply cannot be increased is a massive weapon against the cantillon effect.\n\nBitcoin is a tool to to be used to even the playing field. It isn't a magic wand.", 'x2tfa4'], ['u/Odysseus_Lannister', 595, '2022-09-01 02:49', 'https://www.reddit.com/r/CryptoCurrency/comments/x2tfa4/how_is_crypto_any_better_for_fighting_wealth/imlk723/', 'It’s not. Crypto was never meant to transfer wealth from the 1% to the 99% and in an unregulated market ripe for manipulation and scams, the rich are going to get richer. Cryptocurrency and decentralization were designed to give full custody of money to the individual and they can spend it/send it/store it wherever or to whomever they like.', 'x2tfa4'], ['u/btc_clueless', 25, '2022-09-01 02:51', 'https://www.reddit.com/r/CryptoCurrency/comments/x2tfa4/how_is_crypto_any_better_for_fighting_wealth/imlkj71/', "Equal wealth distribution was never the goal or part of the design of Bitcoin.\n\nBitcoin offers an alternative to national fiat currencies that are often plagued by poor monetary policy of governments.\n\nBitcoin gives people a choice to use it as an alternative. It also allows for permissionless transactions that cannot be censored by anyone. And Bitcoin cannot be seized by the state unless you give away your keys. \n\nSo no, Bitcoin doesn't solve all problems at once, it's a step to take back some control and put it in the hand of the people, if they chose so.", 'x2tfa4'], ['u/The-Francois8', 17, '2022-09-01 03:03', 'https://www.reddit.com/r/CryptoCurrency/comments/x2tfa4/how_is_crypto_any_better_for_fighting_wealth/imlm7jb/', 'You’re never going to have equal wealth distribution. Pick a new goal. \n\nLifting people out of poverty and giving them a currency that can’t be inflated away is a good goal.', 'x2tfa4'], ['u/notyourbroguy', 43, '2022-09-01 03:29', 'https://www.reddit.com/r/CryptoCurrency/comm... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening:\nPrices:Bitcoin wrestled with the $20,000 threshold for a sixth consecutive day.\nInsights:The District of Columbia\'s case against Michael Saylor raises a number of important issues.\nCatch the latest episodes ofCoinDesk TVfor insightful interviews with crypto industry leaders and analysis. Andsign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context.\n●Bitcoin (BTC): $20,046−0.2%\n●Ether (ETH): $1,577+1.6%\n●S&P 500 daily close: 3,966.85+0.3%\n●Gold: $1,709 per troy ounce−0.2%\n●Ten-year Treasury yield daily close: 3.26%+0.1\nBitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found atcoindesk.com/indices.\nBitcoin\'s Wrestling Match With $20K Continues\nBy James Rubin\nBitcoin\'s tango with $20,000 continued on Thursday.\nThe largest cryptocurrency by market value danced below the psychologically important threshold but then rebounded for the sixth straight day.\nBTC was recently trading at about $20,100, roughly flat over the past 24 hours and near the middle of the tight range it\'s occupied for a week. Bitcoin plunged late last week amid mounting fears over continuing U.S. central bank monetary hawkishness and macroeconomic uncertainty.\nThe asset seems increasingly likely to remain in the same price rut until the release later this month of the latest inflation numbers and other key economic indicators, and the Federal Reserve\'s next interest rate hike, which is widely expected to be 75 basis points.\n"I think we\'re definitely in a market purgatory for some time until some big things start to happen around the regulatory front," Greg Johnson, co-founder and CEO of Rubicon Crypto, told CoinDesk TV\'s "First Mover" program. He added: "I\'m paying attention of course, like everybody else in the industry to what happens in September."\nEther, the second-largest crypto by market cap, was changing hands just below $1,600, up about a 1.5% from a day ago. Johnson was upbeat about the Merge, the Ethereum blockchain shift later this month from a proof-of-work to more energy efficient proof-of-stake protocol that has excited investors.\n"We look at the Merge as one of the most important experiments in the blockchain community that\'s ever happened," he said. "The success lays the blueprint for other migration [from proof-of-work] to proof-of-stake. That\'s going to have an impact on market performance short term. Really, the big thing is what does this do to set in motion broader, similar moves across the blockchain space?\nOther cryptos in the CoinDesk top 20 by market cap spent much of Thursday in the green, with COSMOS and LINK recently climbing more than 7% and 4%, respectively. Popular meme coins DOGE and SHIB were also up.\nStocks\nEquity markets were mixed, with the tech-focused Nasdaq falling slightly but the S&P 500 and Dow Jones Industrial Average (DJIA) breaking four-day losing streaks to close up 0.3% and 0.5%, respectively. Investors will be nervously eyeing the U.S. Department of Labor\'s latest jobs report on Friday for signs of a cooling job market more consistent with a contracting economy. The current jobless rate stands at an historically low 3.5%, although a report Wednesday by payment processor ADP showing private employers adding a lower number of jobs to their payrolls than the average of the previous three months suggested some weakening in the jobs market.\nCrypto news\nBeleaguered crypto lending platform Celsius Network\'s troublescontinuedon Thursday as a group of custodial-account holders formally asked the court overseeing the company\'s bankruptcy case to authorize the return of their funds.\nOther industry and crypto market news was brighter. As CoinDesk\'s Krisztian Sandorreported, some analysts believe the current bitcoin swoon offers a good opportunity to put on a contrarian bet on the digital asset\'s price rising. And CoinDesk\'s Jocelyn Yang found that even as the crypto market pointed downward in August, the prices of several altcoinsrosebecause of positive news events affecting them.\nRubicon\'s Johnson believes the crypto market will expand considerably at least in the U.S. only after regulatory efforts by leading government agencies progress.\n"We believe that for big things to happen in the crypto markets, for us to go from being stuck at 16%, 17% 18% U.S. adoption, we\'re going to need everybody to get on board, and over the next year or so I think you\'re going to start to see more and more of that start to take place. That\'s when we start to see the network scale that everybody talks about."\nJohnson added: "There\'s over $100 trillion easily in the registered advisory industry in the United States. If just a small amount of that starts to migrate, the entire crypto ecosystem moves and it moves exponentially."\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "+14.9%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+7.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "+4.4%", "DACS Sector": "Computing"}]\n[{"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "\\u22120.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Bitcoin", "Ticker": "BTC", "Returns": "\\u22120.3%", "DACS Sector": "Currency"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22120.3%", "DACS Sector": "Smart Contract Platform"}]\nThe Case Against Michael Saylor and What It Means\nBy Sam Reynolds\nTax residency is a complicated affair. Numbers play a part of it, but not the entirety.\nThe cryptocurrency industry is full of big, brash personalities. Given the increased prominence of the asset class, law enforcement is paying closer attention.\nBinance is thesubject of a probeby the U.S. Internal Revenue Service (though it’s unclear if this is a subpoena or just a conversation). The IRS has alsopromisedto make more of an effort to go after traders that underreport income. MicroStrategy founder and Executive Chairman Michael Saylor finds himself beingscrutinized by the District of Columbia’sAttorney General over his tax residency. Saylor says he’s a resident of Florida, where he claims he resides for over half the year, votes and reports for jury duty, but the case being brought by the District says he’s also a resident of D.C.\n“Under District law, any individual is subject to District tax liability if they are domiciled in the District, or if they establish statutory residency in the District. Saylor has been domiciled in the District, or a statutory resident of the District, or both, in each year from 2013 through 2020,” the complaint reads.\nThe complaint outlines that under D.C. law a person can be a statutory resident if they maintain a place of abode in the district. It also outlines that from 2013-2020 Saylor sometimes spent less than three months in Florida – and always returning to Washington, D.C. This round trip, they say, proves that his real home is in the District and not in Florida.\n“He continued returning to Georgetown, where his yachts were docked, time and again. Furthermore, social media posts confirm that the District remained the center of both his social and business lives. His District abode served as a home accessible to his principal place of business in Tysons Corner, showing that his economic base of operations remained near the District, not Florida,” the complaint reads.\nComplaint\nThe complaint also says that despite registering to vote in Florida, Saylor has never actually voted in person in the state, according to voter records.\n“Voting records show that he requested absentee ballots sent to the address of MicroStrategy’s corporate office in the District suburbs in the 2020 election, and, on information and belief, he requested that absentee ballots in prior elections be sent to either his corporate address in Virginia or home address in the District,” the complaint says.\nSaylor, for his part, disputes the charges, saying that he always remained in Florida for the majority of the year.\nBut the problem is the case isn’t about that. It’s about where he made a home.\nEvery tax jurisdiction in the world accounts for this, otherwise the rich would shuttle themselves between low-tax jurisdictions and their "home base" and avoid paying tax. Washington, D.C., even has a special clause for this: Part-Year D.C. Resident. The item accounts for those that spend part of their year in the District, even if they don’t have a statutory residence.\nOne defense Saylor might have is to highlight the seemingly political nature of the prosecution. Saylor, brash personality and all, is a staunch libertarian (though hetends to donateacross party lines), and cryptocurrency along with bitcoin maximalism tends to be a favorite whipping boy of the political left. The Attorney General, on the other hand,is fairly openabout his disdain for the political right.\nWhile the D.C. AG’s office does present a strong case against Saylor, it could have undoubtedly gone after lower-profile targets that don’t have lightning bolts in their Twitter profile picture.\n8:30 p.m. HKT/SGT(12:30 p.m. UTC):Labor force participation rate(August)\n8:30 p.m. HKT/SGT(12:30 p.m. UTC):U.S. participation rate(August)\n10 p.m. HKT/SGT(2 p.m. UTC):U.S. factory orders(July/MoM)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nMichael Saylor Tax Fraud Case, Celsius Bankruptcy Hearing, Crypto September Outlook\nThe District of Columbia is suing MicroStrategy Executive Chairman Michael Saylor, claiming he lived in Washington D.C., for more than 10 years but never paid any income taxes to the District. Saylor denies the claims. CoinDesk\'s Nikhilesh De had the latest on that case and what to expect from the hea Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-09-02 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $385,532,994,400 - Hash Rate: 198644209.79930627 - Transaction Count: 270588.0 - Unique Addresses: 710783.0 Social & AI Sentiment: - Fear & Greed Index: 0.25 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Oversold stocks is our topic for today. There is no point in sugarcoating this years volatility on Wall Street. Many stocks have fallen precipitously. Meanwhile, many darlings of the pandemic have lost significant value in the past six months. The tech-heavy Nasdaq 100 index has fallen 28 % year-to-date (YTD), while the benchmark S&P 500 index has dropped 19% so far this year. Moreover, many growth stocks have tumbled more than 50% since the beginning of the year. As a result, a number of high-quality shares are trading below fair value. InvestorPlace - Stock Market News, Stock Advice & Trading Tips With consumer sentiment at a record low and inflation at 40-year highs, rising interest rates have added salt to the wound . So naturally , investors are on the hunt for oversold stocks with bargain valuations that could soar in value once optimism returns to the stock market. While it is crucial to be well-positioned for the next bull rally, investors shouldnt buy oversold stocks simply because they have fallen a long way . Stocks can experience further sudden declines before the pessimism subsides. As the saying goes, liquidity is king, especially during bear markets. 7 Best Large-Cap Stocks to Buy in July 2022 With that information, here are seven oversold stocks to buy in July 2022. SQ Block $64.97 BLUE Bluebird Bio $4.82 CCI Crown Castle $171.77 ETSY Etsy $85.94 META Meta Platforms $169.77 SWKS Skyworks $95.53 TWLO Twilio $88.70 Block (SQ) The logo for Block (SQ) is shown on a phone screen with the company's old name and logo, Square, visible behind the phone. Source: Sergei Elagin / Shutterstock.com 52-Week Range: $56.01 $289.23 Financial technology (fintech) play Block (NYSE: SQ ) focuses on diverse solutions for point of sale (PoS) payments, peer-to-peer (P2P) payments and cryptocurrency. Its Square ecosystem offers an integrated suite of commerce solutions for especially small- to mid-sized businesses. Block announced first-quarter results on May 5. Revenue declined 22% year-over-year (YOY) to $3.96 billion. Net loss came in at 38 cents per diluted share, compared with a net income of 8 cents per diluted share in the prior-year quarter. Cash and equivalents ended the period at $ 4 billion. Story continues Gross profit in the first quarter stood at $1.3 billion, up 34.4 % year over year. The Square ecosystem accounted for $661 million of this figure. Investors are pleased that Block is focused on expanding its omnichannel software offerings. Meanwhile, its personal finance app, Cash App, has around 50 million users. SQ stock has tumbled 60 % YTD, trading near its two-year lows set on June 17 . Shares are trading at 84 times forward earnings and just 2 times sales. Wall Streets 12-month median price forecast is at $ 140 . Bluebird Bio (BLUE) Bluebird Bio biotech company logo on phone screen. BLUE stock. Source: rafapress / Shutterstock 52-Week Range: $2.87 $20.43 Biotech group Bluebird Bio (NASDAQ: BLUE ) focuses on transformative gene therapies for severe genetic diseases . The company released Q1 metrics on May 9. Revenue increased by 111% YOY to $1.9 million. Net loss came in at $1.66 per diluted share, down from a loss of $3.07 per diluted share a year ago. Cash and equivalents ended the quarter at $312 million , including restricted cash of approximately $45 million . Meanwhile, the company implemented cost-cutting measures, estimating potential cost savings of $160 million over the next few years. In 2021, the company submitted two gene-editing therapies to the Food and Drug Administration (FDA) for approval. The first was beti-cel for people with beta-thalassemia who require regular red blood cell transfusions . The second was eli-cel for cerebral adrenoleukodystrophy, a rare neurodegenerative disease that primarily affects young children . These treatments are expected to gain approval in August and September 2022, respectively. High-Quality Stocks to Buy That Are Trading Below Fair Value BLUE stock has sunk 52 % YTD and 76 % over the past year. Shares are changing hands at a lofty 64 times sales. Analysts 12-month median price forecast stands at $8 . Thats because, like most small biotech plays, investing in Bluebird Bio is speculative and not appropriate for all portfolios. Crown Castle International (CCI) Image of Crown Castle (CCI) logo on a web browser highlighted through the lens of a magnifying glass Source: Casimiro PT / Shutterstock.com 52-Week Range: $153.70 $209.87 Crown Castle (NYSE: CCI ) is the largest pure-play communications real estate investment trust (REIT) in the U.S. It operates more than 40,000 mobile towers and 55,000 small cell nodes. M ajor wireless carriers rely on its communications infrastructure to provide mobile data to customers. The REIT reported Q1 results on April 20. Revenue increased 15% YOY to $1.58 billion. Adjusted funds from operations (FFO) came in at $1.87 per share, up 9% from $1.71 per share a year ago. Cash and equivalents ended the period at $482 million. Since the early days of the pandemic, we have witnessed the rapid increase in 5G mobile internet, video streaming and online shopping. As a result, mobile data consumption stateside has skyrocketed. Management projects, especially the deployment of 5G, will help create shareholder value, including dividend growth of more than 7% per year. The REIT currently generates an attractive 3.4 % dividend yield. CCI stock has declined 17 % since the beginning of the year . Shares are trading at 42.6 times forward earnings and 11.4 times sales. Wall Streets 12-month median price forecast is at $201 . Etsy (ETSY) Etsy logo on a phone screen on a blue background. Phone is in a little cart and there are packages around them. ETSY stock. Source: Sergei Elagin / Shutterstock 52-Week Range: $67.01 $307.75 Online e-commerce platform Etsy (NASDAQ: ETSY ) sells unique or one-of-a-kind items such as handmade and crafted goods as well as vintage items. Through recent international acquisitions, such as Elo7 in Brazil , Etsy has been growing its global outreach. The online shopping company announced Q1 metrics on May 4. Revenue increased 5.2% YOY to $579 million. Net income came in at 60 cents per diluted share, down from $1 a year ago. Cash and equivalents ended the period at $762 million. Etsy added 7 million brand-new buyers, bringing its total active buyers to 95.1 million. Total gross merchandise sold increased 3.5% YOY in Q1 2022. Analysts point out Etsys lack of physical infrastructure makes it more resilient during a market downturn than its peers. In addition, the company is currently expanding into high-growth e-commerce markets like Southeast Asia and Latin America. As a result , management anticipates Q2 revenue to increase more than 11% YOY at the high end. 7 Warren Buffett Stocks to Buy and Hold for the Next Decade So far in 2022, ETSY stock has fallen 61 %. Shares are trading at 31 times forward earnings and 5 times sales. Analysts 12-month median price forecast stands at $114 . Meta Platforms (META) A person using the Facebook app on a smartphone Source: Wachiwit / Shutterstock.com 52-Week Range: $154.25 $384.33 Meta Platforms (NASDAQ: META ) is the largest social media company . Its family of apps includes Facebook, Instagram, Messenger and WhatsApp. The social media giant primarily generates revenue through the advertising businesses on its platforms. Looking forward, CEO Mark Zuckerberg expects his company to lead the growth in the metaverse economy . Meta Platforms issued Q1 metrics on April 27. Revenue surged 7% YOY to $27.9 billion. Earnings per diluted share came in at $2.72, down from $3.30 in the prior-year quarter. Cash and equivalents ended the period at $43.9 billion. Investors are worried about slowing growth and rising expenses amidst a weak advertising environment. As a result, the company reported a 25% YOY decline in operating profit. Management anticipates nearly flat revenue in the second quarter, attributing the slowdown to the privacy update by Apple (NASDAQ: AAPL ). It reduces the efficiency of Metas targeted ads and fierce competition from TikTok. META stock has lost almost 53 % YTD , trading at 2-year lows . Shares look significantly undervalued at 14.2 times forward earnings and 4 times sales. Wall Streets 12-month median price forecast is at $2 85 . Skyworks Solutions (SWKS) the Skyworks (SWKS) website is loading on a smartphone Source: madamF / Shutterstock.com 52-week range: $88.76 $197.62 Skyworks Solutions (NASDAQ: SWKS ) offers semiconductors for wireless handsets that support wireless connectivity. The chipmaker reported Q2 metrics on May 3. Revenue increased 14% YOY to a record $1.34 billion. Net income per diluted share came in at $2.63, up 11% from $2.37 in the prior-year quarter. Cash and equivalents ended the period at $656.4 million. Skyworks benefited from growing chip demand from leading smartphone original equipment manufacturers (OEMs). Apple (NASDAQ: AAPL ) is Skyworks largest customer, accounting for 54% of its Q2 revenue . Wall Street was pleased that revenues from its non-smartphone business grew 36% YOY to a record $523 million, generating 39% of total revenue. Skyworks is expanding its footprint in high-growth markets, including the Internet of Things (IoT), industrial, automotive and wireless connectivity. 7 REITs to Buy for a Bear Market So far in 2022, SWKS stock has dropped 39 %, trading around its two-year lows . It currently supports a dividend yield of 2.4%. Shares have a cheap valuation at just 7.3 times forward earnings and 2.9 times sales. Analysts 12-month median price forecast stands at $ 135 . Twilio (TWLO) The Twilio (TWLO) logo is seen on a smartphone. Twilio is a cloud communications platform as a service company based in San Francisco, California. Source: Tada Images / Shutterstock.com 52-Week Range: $77.14 $412.68 Business-to-consumer (B2C) communications platform Twilio (NYSE: TWLO ) offers solutions that allow compan... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Paul Krugman. Ricardo Rubio/Europa Press via Getty Images Paul Krugman has been a scathing critic of bitcoin and other cryptocurrencies for at least a decade. The Nobel Prize-winning economist has called them pointless, wasteful, and virtually worthless. Krugman has also dismissed crypto as mostly a tool for criminals, and in large part a Ponzi scheme. Paul Krugman has repeatedly criticized bitcoin and other cryptocurrencies, dismissing them as useless, wasteful, niche, and only valuable due to hype and speculation. Over the years, the Nobel Prize-winning economist and New York Times columnist has slammed the crypto industry for enabling criminals, complicating transactions, preying on vulnerable people, and operating as a pyramid scheme. Here are Krugman\'s 12 best quotes about crypto over the past decade, lightly edited for length and clarity: 1. "People think it\'s smart, nay cutting-edge, to create a sort of virtual currency whose creation requires wasting real resources in a way Adam Smith considered foolish and outmoded in 1776." (" Adam Smith Hates Bitcoin ") (April 12, 2013) 2. "To be successful, money must be both a media of exchange and a reasonably stable store of value. And it remains completely unclear why bitcoin should be a stable store of value." (" Bitcoin is Evil ") (December 28, 2013) 3. The enthusiasm for cryptocurrencies seems very odd, because it goes exactly in the opposite of the long-run trend. Instead of near-frictionless transactions, we have high costs of doing business, because transferring a bitcoin or other cryptocurrency unit requires providing a complete history of past transactions. Instead of money created by the click of a mouse, we have money that must be mined \x97 created through resource-intensive computations." (" Transaction Costs and Tethers: Why I\'m a Crypto Skeptic ") (July 31, 2018) 4. "Cryptocurrencies have no backstop, no tether to reality. Their value depends entirely on self-fulfilling expectations \x97 which means that total collapse is a real possibility. If speculators were to have a collective moment of doubt, suddenly fearing that bitcoins were worthless, well, bitcoins would become worthless." (" Transaction Costs and Tethers: Why I\'m a Crypto Skeptic ") (July 31, 2018) Story continues 5. "There might be a potential equilibrium in which bitcoin (although probably not other cryptocurrencies) remain in use mainly for black market transactions and tax evasion, but that equilibrium, if it exists, would be hard to get to from here: once the dream of a blockchained future dies, the disappointment will probably collapse the whole thing." (" Transaction Costs and Tethers: Why I\'m a Crypto Skeptic ") (July 31, 2018) 6. "Crypto has been effectively marketed: It manages both to seem futuristic and to appeal to old-style goldbug fears that the government will inflate away your savings, and huge past gains have drawn in investors worried about missing out. So crypto has become a large asset class even though nobody can clearly explain what legitimate purpose it\'s for." ( How Crypto Became the New Subprime ) (January 27, 2022) 7. "I\'m seeing uncomfortable parallels with the subprime crisis of the 2000s. No, crypto doesn\'t threaten the financial system \x97 the numbers aren\'t big enough to do that. But there\'s growing evidence that the risks of crypto are falling disproportionately on people who don\'t know what they are getting into and are poorly positioned to handle the downside." ( How Crypto Became the New Subprime ) (January 27, 2022) 8. "Bitcoin plays into a fantasy of self-sufficient individualism, of protecting your family with your personal AR-15, treating your Covid with an anti-parasite drug or urine and managing your financial affairs with privately created money, untainted by institutions like governments or banks." (" Guns, Germs, Bitcoin and the Antisocial Right ") (January 31, 2022) 9. "Cryptocurrencies play almost no role in economic transactions other than speculation in crypto markets themselves. And if your answer is \'give it time,\' you should bear in mind that bitcoin has been around since 2009, which makes it ancient by tech standards; Apple introduced the iPad in 2010." (" Crashing Crypto: Is This Time Different? ") (May 17, 2022) 10. "If you believe, as I do, that crypto is to a large extent a Ponzi scheme, this may just happen to be the moment when the scheme has run out of new suckers." (" Wonking Out: Wasn\'t Bitcoin Supposed to Be a Hedge Against Inflation? ") (June 17, 2022) 11. "Jim Chanos went on to call crypto a \' predatory junkyard .\' Well, I wouldn\'t go that far. Actually, on second thought, I would." (" Wonking Out: Wasn\'t Bitcoin Supposed to Be a Hedge Against Inflation? ") (June 17, 2022) 12. "The way I see it, crypto evolved into a sort of postmodern pyramid scheme. The industry lured investors in with a combination of technobabble and libertarian derp; it used some of that cash flow to buy the illusion of respectability, which brought in even more investors. And for a while, even as the risks multiplied, it became, in effect, too big to regulate." (" Crypto Is Crashing. Where Were the Regulators? ") (July 11, 2022) Read more: The chief investment officer of a $1.5 billion firm explains how to invest in the companies that benefit from recessions \x97 and shares the top 10 overlooked stocks that have helped him beat the market this year Read the original article on Business Insider', '• Paul Krugman has been a scathing critic of bitcoin and other cryptocurrencies for at least a decade.\n• The Nobel Prize-winning economist has called them pointless, wasteful, and virtually worthless.\n• Krugman has also dismissed crypto as mostly a tool for criminals, and in large part a Ponzi scheme.\nPaul Krugman has repeatedly criticized bitcoin and other cryptocurrencies, dismissing them as useless, wasteful, niche, and only valuable due to hype and speculation.\nOver the years, the Nobel Prize-winning economist and New York Times columnist has slammed the crypto industry for enabling criminals, complicating transactions, preying on vulnerable people, and operating as a pyramid scheme.\n1. "People think it\'s smart, nay cutting-edge, to create a sort of virtual currency whose creation requires wasting real resources in a way Adam Smith considered foolish and outmoded in 1776." ("Adam Smith Hates Bitcoin") (April 12, 2013)\n2. "To be successful, money must be both a media of exchange and a reasonably stable store of value. And it remains completely unclear why bitcoin should be a stable store of value." ("Bitcoin is Evil") (December 28, 2013)\n3. The enthusiasm for cryptocurrencies seems very odd, because it goes exactly in the opposite of the long-run trend. Instead of near-frictionless transactions, we have high costs of doing business, because transferring a bitcoin or other cryptocurrency unit requires providing a complete history of past transactions. Instead of money created by the click of a mouse, we have money that must be mined — created through resource-intensive computations." ("Transaction Costs and Tethers: Why I\'m a Crypto Skeptic") (July 31, 2018)\n4. "Cryptocurrencies have no backstop, no tether to reality. Their value depends entirely on self-fulfilling expectations — which means that total collapse is a real possibility. If speculators were to have a collective moment of doubt, suddenly fearing that bitcoins were worthless, well, bitcoins would become worthless." ("Transaction Costs and Tethers: Why I\'m a Crypto Skeptic") (July 31, 2018)\n5. "There might be a potential equilibrium in which bitcoin (although probably not other cryptocurrencies) remain in use mainly for black market transactions and tax evasion, but that equilibrium, if it exists, would be hard to get to from here: once the dream of a blockchained future dies, the disappointment will probably collapse the whole thing." ("Transaction Costs and Tethers: Why I\'m a Crypto Skeptic") (July 31, 2018)\n6. "Crypto has been effectively marketed: It manages both to seem futuristic and to appeal to old-style goldbug fears that the government will inflate away your savings, and huge past gains have drawn in investors worried about missing out. So crypto has become a large asset class even though nobody can clearly explain what legitimate purpose it\'s for." (How Crypto Became the New Subprime) (January 27, 2022)\n7. "I\'m seeing uncomfortable parallels with the subprime crisis of the 2000s. No, crypto doesn\'t threaten the financial system — the numbers aren\'t big enough to do that. But there\'s growing evidence that the risks of crypto are falling disproportionately on people who don\'t know what they are getting into and are poorly positioned to handle the downside." (How Crypto Became the New Subprime) (January 27, 2022)\n8. "Bitcoin plays into a fantasy of self-sufficient individualism, of protecting your family with your personal AR-15, treating your Covid with an anti-parasite drug or urine and managing your financial affairs with privately created money, untainted by institutions like governments or banks." ("Guns, Germs, Bitcoin and the Antisocial Right") (January 31, 2022)\n9. "Cryptocurrencies play almost no role in economic transactions other than speculation in crypto markets themselves. And if your answer is \'give it time,\' you should bear in mind that bitcoin has been around since 2009, which makes it ancient by tech standards; Apple introduced the iPad in 2010." ("Crashing Crypto: Is This Time Different?") (May 17, 2022)\n10. "If you believe, as I do, that crypto is to a large extent a Ponzi scheme, this may just happen to be the moment when the scheme has run out of new suckers." ("Wonking Out: Wasn\'t Bitcoin Supposed to Be a Hedge Against Inflation?") (June 17, 2022)\n11. "Jim Chanos went on to call crypto a \'predatory junkyard.\' Well, I wouldn\'t go that far. Actually, on second thought, I would." ("Wonking Out: Wasn\'t Bitcoin Suppo Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-09-03 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $377,122,808,625 - Hash Rate: 226362006.5154886 - Transaction Count: 242597.0 - Unique Addresses: 641511.0 Social & AI Sentiment: - Fear & Greed Index: 0.21 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin (BTC) has gained 36% in two months, offering relief to the battered bulls. However, according to Crypto Twitter, the recovery has suddenly drawn the shape of a bearish pattern on price charts and could be short-lived. "BTC is consolidating within a rising wedge, which is a bearish pattern," Milan Vojtek, a technical analysis enthusiast,tweetedearly Tuesday, echoing the views of hisTwitter compatriots. A rising wedge represents a bounce contained between two converging trendlines connecting higher lows and higher highs. The converging nature of trendlines indicates volatility is contracting as prices rise, a sign of recovery losingsteam– and that tension is building, with sellers contesting the move higher. So an occurrence of a rising wedge often has traders preparing for a fresh price drop. Chart-based traders typically take short positions – bets on declines – when prices dive out of the rising wedge, confirming a breakdown. The pseudonymous analyst Nebraskagoonertweeted, "Really not looking hot here after multiple rejections. A rising wedge breakdown would target a $21,500 area." The predictive power of technical analysis patterns is tied to their popularity, meaning sometimes these patterns can become aself-fulfilling prophecy; the greater the number of people tracing the rising wedge, as is the case with bitcoin, the stronger the probability of a renewed drop. Bitcoin has yet to dive out of the rising wedge, but if it does there could be renewed selling, as feared by Crypto Twitter. The pattern has also drawn the attention of savvy traders. "Bitcoin has managed to hold up much better than I thought it might, but the outlook appears to be the same," Michael Kramer, founder of Mott Capital Management, wrote in a market updatepublishedSunday. "A rising wedge pattern is forming within the bear flag pattern, strengthening the case for this fall lower and potential test $16,400." Macro and fundamental factors can singlehandedly make or break patterns. To the disappointment of bitcoin bulls, macro factors seem to support the case for a wedge breakdown. Analysts at ING expect financial conditions to tighten while heading into the U.S. Federal Reserve's Sept. 20-21 policy meeting. Financial conditions are determined by the U.S. dollar exchange rate and bond yields. A rising dollar and bond yields mean financial conditions are tightening, a bearish development for liquidity-addicted risk assets like stocks and cryptocurrencies. "Expect financial conditions to re-tighten in the weeks and months ahead. After all, that's what the Federal Reserve wants and needs,"ING analysts wrotein a blog post published Monday. Per ING, U.S. financial conditions were very tight at the end of June, but have considerably loosened since then. ING analysts added the Fed would be hoping the financial conditions re-tighten, "Otherwise the Fed will be left with the less comfortable position of coaxing tighter financial conditions, whether through the verbal or policy action route." The U.S. dollar is already on the rise. The dollar index, which tracks the greenback's value against major fiat currencies, neared 107.00 early today, extending the recovery from the past week's low of 104.63. The yield on the 10-year Treasury note held steady above 2.8%, having put in a low of 2.67% following last Wednesday's soft U.S. Consumer Price Index release. The resilience in the yield suggests traders of risk assets may be wrong to conclude that inflation in the U.S. has peaked and the Federal Reserve will probably slow liquidity tightening in the coming months.... - Reddit Posts (Sample): [['u/sonotworthit420', 'Best way to buy Ergo in a DEX with Bitcoin?', 45, '2022-09-03 02:46', 'https://www.reddit.com/r/ergonauts/comments/x4haib/best_way_to_buy_ergo_in_a_dex_with_bitcoin/', 'What is the best way to buy Ergo on a DEX with Bitcoin or any other popular crypto? I know you can buy it through exchanges that have KYC policies, but I prefer the anonymity. Thanks!', 'https://www.reddit.com/r/ergonauts/comments/x4haib/best_way_to_buy_ergo_in_a_dex_with_bitcoin/', 'x4haib', [['u/FathersFolly', 18, '2022-09-03 03:03', 'https://www.reddit.com/r/ergonauts/comments/x4haib/best_way_to_buy_ergo_in_a_dex_with_bitcoin/imvdfp5/', 'Currently not possible. Wait for successful AnetaBTC and/or Rosen Bridge launch.\n\nAlternatively, you CAN swap BTC to ERG on Kucoin or Coinex with no KYC.', 'x4haib'], ['u/slasherzx', 14, '2022-09-03 03:29', 'https://www.reddit.com/r/ergonauts/comments/x4haib/best_way_to_buy_ergo_in_a_dex_with_bitcoin/imvgqnc/', '[https://tradeogre.com/exchange/BTC-ERG](https://tradeogre.com/exchange/BTC-ERG)\n\n&#x200B;\n\nNo kyc.', 'x4haib'], ['u/Chooknwalrus', 11, '2022-09-03 03:30', 'https://www.reddit.com/r/ergonauts/comments/x4haib/best_way_to_buy_ergo_in_a_dex_with_bitcoin/imvgtw6/', 'Trade Ogre is a good pick. Also, Kucoin/Coinex dont require KYC if daily withdrawal is under a threshold. Kucoin is 1BTC/value a day.', 'x4haib']]], ['u/Void-Century', 'Is there a physical limitation on Bitcoin (or any other which needs to be in consensus) when it comes to geographical distance and scale ?', 18, '2022-09-03 02:49', 'https://www.reddit.com/r/CryptoTechnology/comments/x4hd67/is_there_a_physical_limitation_on_bitcoin_or_any/', "This is a question about how scalable, a crypto network can be.\n\nLet's assume there are some nodes in Mars (just an example), and they need to be in consensus with Earth. But due to the inherent time difference between the 2 locations, plus due to Earth having the larger computational share, Mars nodes will have to follow behind the main network and won't ever be able to generate a block from there even if the bandwidth and other issues got solved (since main network will always have the longest chain / higher weight, etc...).\n\nSo my questions are,\n\n1. Is my premise true or am I missing something?\n2. Is this true for any network which needs to be in consensus to a single state?\n3. Are there ways around this ?\n4. Does decentralization falls off with large scale long distance networks ?", 'https://www.reddit.com/r/CryptoTechnology/comments/x4hd67/is_there_a_physical_limitation_on_bitcoin_or_any/', 'x4hd67', [['u/Chemical_Extent_3758', 11, '2022-09-03 05:39', 'https://www.reddit.com/r/CryptoTechnology/comments/x4hd67/is_there_a_physical_limitation_on_bitcoin_or_any/imvvsus/', 'Each planet would have to have its own network with slow off ramps to the other planets', 'x4hd67']]], ['u/Over_Contract_1681', 'Be careful, I lost my life savings to Binance', 164, '2022-09-03 04:44', 'https://www.reddit.com/r/binance/comments/x4jkof/be_careful_i_lost_my_life_savings_to_binance/', "I was temporarily all in on Bitcoin, I know this is silly but it was the solution to a problem. I had a large position, one I am comfortable with and accept the risks.\n\nWhat I never anticipated was for Binance to request source of funds. Fiat deposits/payslip/tax statement/recent deposits are fine but they asked me to show proof of ownership of every wallet I have ever used to deposit into Binance with, given the nature of Crypto/lost wallets, this is wrong/crazy. A new transaction, yes, you are going to have the keys.\n\nI have over 100 deposits with various wallets new/old/historic. \n\nI am missing a couple of wallets from when I started, Binance will not release my life savings, EVER.\n\nDon't leave more then 5% on a centralised exchange, I say this as someone extremely close to suicide as I have lost my life savings/my life.\n\nHope this prevents someone from the pain/taking their own life.\n\nI believe in Bitcoin, if it goes to zero (unlikely) I would have accepted the loss. But for it to be taken by Binance is different.\n\nMy account is nothing more then a trading account, I done nothing wrong. I wasn't keeping my crypto on the exchange, it was there for a couple of days and I got the error message when I was trying to transfer to cold storage.\n\nI believe it exceeded an amount which triggered the source of funds.", 'https://www.reddit.com/r/binance/comments/x4jkof/be_careful_i_lost_my_life_savings_to_binance/', 'x4jkof', [['u/HipsterDanger', 95, '2022-09-03 04:49', 'https://www.reddit.com/r/binance/comments/x4jkof/be_careful_i_lost_my_life_savings_to_binance/imvqb3c/', "More context on the doc request please. Binance won't freeze your account without any reason. I think you got involved in some shady stuff and binance wants clarification on it.", 'x4jkof'], ['u/Lucky_Letter_2730', 46, '2022-09-03 07:48', 'https://www.reddit.com/r/binance/comments/x4jkof/be_careful_i_lost_my_life_savings_to_binance/imw7zxz/', 'you arent telling us everything ..... this is pure FUD against Binance !\n\nNo way Binance would do that without any reason AND no way Binance will steal your money if you are LEGIT \n\nProve that and you will be fine .... stop posting these craps here', 'x4jkof'], ['u/neen209', 44, '2022-09-03 08:19', 'https://www.reddit.com/r/binance/comments/x4jkof/be_careful_i_lost_my_life_savings_to_binance/imwaicq/', 'Is it against the rules to have people send you crypto to your Binance wallets? Why would they ask for ownership of the wallets that sent you crypto?\n\nWhat if you were to deposit into your Binance from a crypto ATM or something?', 'x4jkof'], ['u/purepacha118', 70, '2022-09-03 09:34', 'https://www.reddit.com/r/binance/comments/x4jkof/be_careful_i_lost_my_life_savings_to_binance/imwg2x0/', '"One I am comfortable with and accept the risks"\n\n"Extremely close to suicide"\n\nSounds like you didn\'t accept the risks at all?', 'x4jkof'], ['u/l00knc', 75, '2022-09-03 10:26', 'https://www.reddit.com/r/binance/comments/x4jkof/be_careful_i_lost_my_life_savings_to_binance/imwjssj/', 'Okay, listen. I\'ve been going through the similar situation for the past 3 months. I still did not get access to my funds, but I\'m getting there. First they blocked my account, and then their system froze it automatically due to "security reason". Contact their support and explain them situation. Dont be too harsh on them. If you did nothing wrong and you did not violate their rules you should be good.\n\nEdit: spelling', 'x4jkof'], ['u/littlegreenfish', 40, '2022-09-03 11:08', 'https://www.reddit.com/r/binance/comments/x4jkof/be_careful_i_lost_my_life_savings_to_binance/imwmsbi/', "Sounds like this person was depositing via flagged 'sus' addresses or online casinos.", 'x4jkof'], ['u/Rez1009', 21, '2022-09-03 11:08', 'https://www.reddit.com/r/binance/comments/x4jkof/be_careful_i_lost_my_life_savings_to_binance/imwmsk2/', 'Yep, OP lost his life’s criminal gains as Binance stopped his account 🤣', 'x4jkof'], ['u/Oskis1004', 11, '2022-09-03 12:30', 'https://www.reddit.com/r/binance/comments/x4jkof/be_careful_i_lost_my_life_savings_to_binance/imwsk32/', 'Is it not okay to deposit from an online casino?', 'x4jkof'], ['u/littlegreenfish', 24, '2022-09-03 13:12', 'https://www.reddit.com/r/binance/comments/x4jkof/be_careful_i_lost_my_life_savings_to_binance/imwvwi9/', "Multiple deposit transactions from Casino-related addresses will be flagged for money laundering. That's why Binance asks for a Bank statement with fully traceable transactions in cases where an account has been flagged / under investigation. \n\nYou need to have acquired the FIAT legitimately to begin with and the sum of every crypto transaction/gain/loss/fees needs to be equal or close to the cumulative total of all your wallets. \n\nThe casino needs to be able to provide a full betting statement to prove legitimacy of your funds. It gets worse if the Casino is crypto based and if the deposits were made in crypto instead of fiat.", 'x4jkof'], ['u/ArchiBib', 16, '2022-09-03 13:24', 'https://www.reddit.com/r/binance/comments/x4jkof/be_careful_i_lost_my_life_savings_to_binance/imwwvnw/', 'This is standard anti money laundering practices. It’s not often explained because most laws prevent them from disclosing the information that could help money launderer work around the systems. \n\nMoney laundering isn’t just Pablo bringing his dollars clean back to Columbia, it’s also Isis funding their next attack. \n\nIt’s very serious stuff and if you’re going to continue in deeper finance than your saving account you should know all that and accept it. \n\nI appreciate how the crypto world is bringing new ideas and new flow to embark as well because I know a traditional broker would have KYCed the hell out of you before you could deposit money. \n\nThe problem is too much crypto bro founders have preached successfully that because Bitcoin is here, finance has moved on to a new era and that’s just not true yet.', 'x4jkof'], ['u/Electronic_Lies_420', 19, '2022-09-03 13:55', 'https://www.reddit.com/r/binance/comments/x4jkof/be_careful_i_lost_my_life_savings_to_binance/imwzq4q/', 'this. truth will win.', 'x4jkof'], ['u/TheVoidWelcomes', 17, '2022-09-03 14:23', 'https://www.reddit.com/r/binance/comments/x4jkof/be_careful_i_lost_my_life_savings_to_binance/imx2jn8/', 'Life is beautiful... just breath. The material world is illusion. The trappings Of desire', 'x4jkof'], ['u/clearedmycookies', 11, '2022-09-03 14:33', 'https://www.reddit.com/r/binance/comments/x4jkof/be_careful_i_lost_my_life_savings_to_binance/imx3is2/', 'The potential for money laundering', 'x4jkof'], ['u/brtnjames', 36, '2022-09-03 15:02', 'https://www.reddit.com/r/binance/comments/x4jkof/be_careful_i_lost_my_life_savings_to_binance/imx6pag/', 'Binance stealing your money is not a normally associated risk imo', 'x4jkof'], ['u/madmancryptokilla', 19, '2022-09-03 17:01', 'https://www.reddit.com/r/bin... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["It’s Labor Day weekend, which means that summer is over. No, I do not care that the autumn season hasn’t officially started; summer is over when August is over. Anyway, the finance world is usually slow in August since that’s when Wall Street’s finest unwind by doing work by the dim light of their mobile phones in the Hamptons instead of by the bright light of their offices in the Financial District. Now bitcoin, not to be upstaged, thought it would be best to buck that trend entirely by effectively erasing all of July’s price gains in August. So let’s talk about summer markets. – George Kaloudis ______________________________________________________________________ First, let’s let summer mean from the start of June to the end of August. If you look at bitcoin’s last two monthly candles, they look like mirror images of each other, with July’s green and August’s red (see below). You’re reading Crypto Long & Short , our weekly newsletter featuring insights, news and analysis for the professional investor. Sign up here to get it in your inbox every Sunday. Monthly bitcoin price chart (TradingView) Candles show how the price of an asset changed over a specified time period. The end of the lines (or wicks) on either side of the rectangles touch the low and high price during the time period, and the bottoms and tops of the rectangles (or candlesticks) represent the open and close price during that time period. Green candles mean the price went up; red candles mean the price went down. In this case: bitcoin started July around $19.9K, hit a monthly low of about $18.8K, peaked around $24.7K in July, and ended July around $23.3K. It then started August around $23.3K, sank to $19.6K, climbed as high as $25.2K, and ended the month around $20.0K. So you could say that bitcoin has taken the summer off – except June happened. Bitcoin opened June trading at about $31.8K, which means bitcoin’s price fell about 33% in the summer. To test the idea that “nothing happens in finance in the summer,” you could compare bitcoin’s summer to the S&P 500’s, which has lost about 4.3% since June (maybe things do happen in finance in the summer). Story continues But an interesting fact pattern appears when looking at these summers: Bitcoin hadn’t had a negative summer since 2018 and the S&P 500 hadn’t had one since 2015 . Read more: Bitcoin's Price Rises Amid Uncertainty Bitcoin summer price performance (TradingView, CoinDesk Indices) You could insert an advertisement for the disclaimer that “past performance is not indicative of future results,” but also, we knew that. The only thing these historical time frames have in common over the years is the time frame itself. But we’ll look at these time frames for some insight anyway, because Mr. Market is emotional, irrational (a dog-themed cryptocurrency is worth billions (there are actually two of them !)) and inefficient (if it weren’t, prices would never move). A cruel summer Here are some truths: During the last two summers, BTC spot exchange volumes (the dollar value of bitcoin traded) were down about 43.5% in 2021 and about 14.0% in 2022 when compared to the preceding three months, respectively. Volumes were down in both comparable periods, but bitcoin’s price gained 33.1% in 2021 and lost 32.6% in 2022. So if the last two years are any indication, you can reasonably suggest that volumes are thinner in summer, but you probably wouldn’t suggest that it leads to a price increase or decrease. As a disclaimer, the volume data comes from skew , which aggregated across seven trusted exchanges (Kraken, LMAX Digital, ItBit, Bitstamp, Gemini, Coinbase and FTX). As such, the absolute volume number is understated, but it works for comparison purposes. If you then look forward to September, the same volume historically increases rather quickly. The spot exchange volumes in September were $10.7 billion and $51 billion for 2020 and 2021, respectively. Those values make up 38.9% and 42.7% of the preceding three months of volumes (not for nothing, there wasn’t a month-over-month volume increase between August and September in 2020). Bitcoin monthly trading volume (skew) So you could reasonably expect trading volume to pick up, and it typically does in the fourth quarter anyway. But the real question is: At what price? Well, if previous Septembers are any indication (which they aren’t), it is valuable to know that bitcoin’s price has decreased in September every year since 2017. So does that mean, after bitcoin performed so poorly this summer, it will be absolutely, tremendously down in September? Bitcoin price performance in September (TradingView, CoinDesk Indicies) Who knows? See, the thing about looking at tangible metrics of price performance and volume over time periods is there is one critical item missing in those numbers. Narrative . Sure, the expected volume increase in September might exacerbate whatever narrative is the flavor of the month, but it doesn’t necessarily indicate that bitcoin’s price will definitely fall this September. 2022’s post–summer narrative So, what is the narrative? These days, traders are paying close attention to the Merge . The Merge is not on Bitcoin (it is on Ethereum), but ether is the second most heavily traded cryptocurrency, so their price action is related. Whether the Merge will be bearish or bullish is up for debate. Read more: Ethereum’s Merge Projected for September According to 'Soft' Timeline Instead, here’s the cynical narrative my skeptical mind is paying attention to: What if the Merge isn’t as successful as anticipated or, worse yet, it breaks Ethereum? To me that means that either: a) Bitcoin will get dragged down as collateral damage as traders will trade all crypto assets like they’ve failed, b) traders will flood out of ETH to bitcoin since BTC doesn’t really make these sorts of wholesale technology updates and that’s good , or c) something in between. Read more: Did Merge Optimism Lift Ether or Was It the S&P 500? My bet is on c, but that’s because it’s easy to not be wrong if you hedge enough. In any event, we’ll be sure to revisit this at the end of September since that would mark the end of the third quarter and the start for the historically heavily traded fourth quarter. On top of that, the Merge will have been … merged … by then so there will be plenty to discuss around its degree of success.", "It’s Labor Day weekend, which means that summer is over. No, I do not care that the autumn season hasn’t officially started; summer is over when August is over.\nAnyway, the finance world is usually slow in August since that’s when Wall Street’s finest unwind by doing work by the dim light of their mobile phones in the Hamptons instead of by the bright light of their offices in the Financial District. Now bitcoin, not to be upstaged, thought it would be best to buck that trend entirely by effectively erasing all of July’s price gains in August.\nSo let’s talk about summer markets.\n– George Kaloudis\n______________________________________________________________________\nFirst, let’s let summer mean from the start of June to the end of August. If you look at bitcoin’s last two monthly candles, they look like mirror images of each other, with July’s green and August’s red (see below).\nYou’re readingCrypto Long & Short, our weekly newsletter featuring insights, news and analysis for the professional investor.Sign up hereto get it in your inbox every Sunday.\nCandles show how the price of an asset changed over a specified time period. The end of the lines (or wicks) on either side of the rectangles touch the low and high price during the time period, and the bottoms and tops of the rectangles (or candlesticks) represent the open and close price during that time period. Green candles mean the price went up; red candles mean the price went down.\nIn this case: bitcoin started July around $19.9K, hit a monthly low of about $18.8K, peaked around $24.7K in July, and ended July around $23.3K. It then started August around $23.3K, sank to $19.6K, climbed as high as $25.2K, and ended the month around $20.0K.\nSo you could say that bitcoin has taken the summer off – except June happened. Bitcoin opened June trading at about $31.8K, which means bitcoin’s price fell about 33% in the summer. To test the idea that “nothing happens in finance in the summer,” you could compare bitcoin’s summer to the S&P 500’s, which has lost about 4.3% since June (maybe thingsdohappen in finance in the summer).\nBut an interesting fact pattern appears when looking at these summers: Bitcoin hadn’t had a negative summer since2018and the S&P 500 hadn’t had one since2015.\nRead more:Bitcoin's Price Rises Amid Uncertainty\nYou could insert an advertisement for the disclaimer that “past performance is not indicative of future results,” but also, we knew that. The only thing these historical time frames have in common over the years is the time frame itself. But we’ll look at these time frames for some insight anyway, becauseMr. Marketis emotional, irrational (adog-themed cryptocurrencyis worth billions (there are actuallytwo of them!)) andinefficient(if it weren’t, prices would never move).\nHere are some truths: During the last two summers, BTC spot exchange volumes (the dollar value of bitcoin traded) were down about 43.5% in 2021 and about 14.0% in 2022 when compared to the preceding three months, respectively. Volumes were down in both comparable periods, but bitcoin’s price gained 33.1% in 2021 and lost 32.6% in 2022. So if the last two years are any indication, you can reasonably suggest that volumes are thinner in summer, but you probably wouldn’t suggest that it leads to a price increase or decrease.\nAs a disclaimer, the volume data comes fromskew, which aggregated across seven trusted exchanges (Kraken, LMAX Digital, ItBit, Bitstamp, Gemini, Coinbase and FTX). As such, the absolute volume number is understated, but it works for comparison purposes.\nIf you then look forward t Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-09-04 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $379,051,945,912 - Hash Rate: 258699436.01770127 - Transaction Count: 204538.0 - Unique Addresses: 541540.0 Social & AI Sentiment: - Fear & Greed Index: 0.20 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: The price of Ethereum ( ETH-USD ) has also dropped by nearly 70% over the past three months for the first time in the history of the largest altcoin by capitalization. The crisis in the cryptocurrency market has led to massive layoffs and liquidations in many large crypto companies, and crypto lending platforms are now under threat of bankruptcy. Coinbase and Crypto.com announced more than 1400 layoffs, the largest crypto investment fund Three Arrows Capital went into liquidation , and lending company Celsius suspended withdrawals for customers. Mining companies faced difficulties due to falling profitability and began to sell mined Bitcoins to pay their operating costs and cover loans. External Factor Pressure The price of Bitcoin is largely correlated with the situation in the US stock market. The stock sell-off has seriously impacted Bitcoin and the crypto market as investors are doing away with risky assets. In the second quarter, the US Federal Reserve implemented two aggressive interest rate hikes to cope with record-high inflation, fueling fears of a global recession. As a result, the percentage-wise decline in traditional asset indices has reached double-digit values. The hardest hit were the stocks of high-growth technology names the Nasdaq Composite dropping by 22.4% in the second quarter and showing its worst quarterly performance over 14 years. Bitcoin has never experienced such strong pressure from external factors as it is now. Since the beginning of the year, the cryptocurrency has lost 57.3% in price, twice as much as the S&P 500 (-20.6%). Those who bought shares of companies such as PayPal (-64.2%), Netflix (-70%) and Shopify (-77%), suffered more losses. Even classic portfolio strategies in the US are showing their worst performance since the 2008 global financial crisis. Still Falling There are no reasons in sight for a change in the global downtrend in the market. From the point of view of macro prospects, a change in the trend for Bitcoin is possible only with the change in the rhetoric of the US Federal Reserve to a friendlier stance towards the stock markets. The prerequisite is the normalization of inflation and the stabilization of the economy. Story continues Even worse, the likelihood of a further price decline is only increasing. In his recent speech to the US Congress, the head of the Fed acknowledged that there is a possibility of a recession. Previously, high growth in food prices against the backdrop of low unemployment was a typical picture on the eve of economic downturns. The negative sentiment towards digital currencies on the part of regulators was exacerbated by the collapse of the TerraUSD stablecoin, as a result of which global authorities started talking about the shortcomings of the digital currency market and the need for stricter regulation. No End In Sight? Improvements in the stock exchange market are unlikely in the near future, which means that the price of Bitcoin in the third quarter will not demonstrate growth. A lot will also depend on geopolitics, new economic measures, prices for commodities, and the results of the elections to the US Congress in early November. Some experts predict a possible rebound in the price of Bitcoin to $25,000. But, subsequently, there is a high chance that the cryptocurrency will continue to fall and begin a long consolidation in search of price lows below the $10,000 mark. Psychological factors are also playing against Bitcoin. During a downtrend, positive news does not contribute to cryptocurrency exchange rates growth, while negative news, on the contrary, has a negative effect on the price. New price lows can provoke traders to a new reset of the cryptocurrency throughout the market. On the other hand, it can be an entry point for market newcomers looking to take advantage of the low price. In many ways, long-term investors are guided by 2024, when the next Bitcoin halving will take place. The price of the coin will most likely update its historical highs after the landmark event, just as it has in the past history of the oldest cryptocurrency. In any case, it can be quite a risky venture to buy any cryptocurrency now, as top instruments may well lose another 50% to 70% of their current value. This article was originally posted on FX Empire More From FXEMPIRE: Frances EDF to be fully nationalised -prime minister Highland Park shooting suspect due in court on 7 murder counts Crypto Exchange Giant Binance Launches Zero-Fee Bitcoin (BTC) Trading Wall Street retreats ahead of Fed minutes Exclusive-Germanys Delivery Hero, Spanish unit Glovo targeted in EU antitrust raids Extradited drug lord returns to Italy to serve 30-year sentence... - Reddit Posts (Sample): [['u/capabus', 'Bitcoin’s “lightning network” in the real world', 342, '2022-09-04 00:05', 'https://www.reddit.com/r/Buttcoin/comments/x565f7/bitcoins_lightning_network_in_the_real_world/', 'Funny I don’t recall this ever happening with DiRty FiAt', 'https://i.redd.it/6cxrl2eivpl91.jpg', 'x565f7', [['u/[deleted]', 40, '2022-09-04 00:12', 'https://www.reddit.com/r/Buttcoin/comments/x565f7/bitcoins_lightning_network_in_the_real_world/imzcklz/', 'Please reach out to the internet for help', 'x565f7'], ['u/MooseSoftware', 111, '2022-09-04 00:38', 'https://www.reddit.com/r/Buttcoin/comments/x565f7/bitcoins_lightning_network_in_the_real_world/imzg140/', '"our support team" 🤣🤣🤣🤣🤣', 'x565f7'], ['u/WillistheWillow', 72, '2022-09-04 00:54', 'https://www.reddit.com/r/Buttcoin/comments/x565f7/bitcoins_lightning_network_in_the_real_world/imzi5dn/', 'Be your own DNS service!', 'x565f7'], ['u/andrewdski', 33, '2022-09-04 00:55', 'https://www.reddit.com/r/Buttcoin/comments/x565f7/bitcoins_lightning_network_in_the_real_world/imzi8wr/', 'DNS on the blockchain. Brilliant use-case. /s', 'x565f7'], ['u/HopeFox', 146, '2022-09-04 01:12', 'https://www.reddit.com/r/Buttcoin/comments/x565f7/bitcoins_lightning_network_in_the_real_world/imzkh1a/', "There's a support team? Sounds kinda centralized.", 'x565f7'], ['u/BeowulfShaeffer', 10, '2022-09-04 01:20', 'https://www.reddit.com/r/Buttcoin/comments/x565f7/bitcoins_lightning_network_in_the_real_world/imzlinx/', '…or even the mainline BTC blockchain. As long as you’re willing to wait, anyway.', 'x565f7'], ['u/biffbobfred', 41, '2022-09-04 02:13', 'https://www.reddit.com/r/Buttcoin/comments/x565f7/bitcoins_lightning_network_in_the_real_world/imzsaue/', 'There’s DNS for Eth. But the one guy so-not-decentralized-service who ran it is in jail for money laundering for a murderous dictator, so yeah all those .Eth addresses are gonna have a hard time.', 'x565f7'], ['u/biffbobfred', 10, '2022-09-04 02:14', 'https://www.reddit.com/r/Buttcoin/comments/x565f7/bitcoins_lightning_network_in_the_real_world/imzscoh/', 'Searches for my Karen wig', 'x565f7'], ['u/frizzyhaired', 18, '2022-09-04 04:36', 'https://www.reddit.com/r/Buttcoin/comments/x565f7/bitcoins_lightning_network_in_the_real_world/in0a1p6/', "He's in jail for violating sanctions against North Korea", 'x565f7'], ['u/blackmobius', 65, '2022-09-04 04:41', 'https://www.reddit.com/r/Buttcoin/comments/x565f7/bitcoins_lightning_network_in_the_real_world/in0al8a/', 'Phil in Nebraska is our main IT guy, and when he comes back from his shift at Dominoes he will get right on it', 'x565f7'], ['u/WHY_DO_I_SHOUT', 24, '2022-09-04 06:06', 'https://www.reddit.com/r/Buttcoin/comments/x565f7/bitcoins_lightning_network_in_the_real_world/in0k2jf/', 'Worth noting that this design of LN is not actually used in production. The only LN in prod use is Strike\'s "[private Lighting Network](https://davidgerard.co.uk/blockchain/2021/06/27/bitcoin-myths-immutability-decentralisation-and-the-cult-of-21-million/#:~:text=Strike%20loudly%20proclaims%20it%20uses%20Lightning)" which is centralized and completely defeats the purpose of using Bitcoin in the first place.', 'x565f7'], ['u/zenithfury', 10, '2022-09-04 06:55', 'https://www.reddit.com/r/Buttcoin/comments/x565f7/bitcoins_lightning_network_in_the_real_world/in0ot2l/', 'Does it offer verbal abuse or stony silence?', 'x565f7'], ['u/Magnesus', 23, '2022-09-04 08:55', 'https://www.reddit.com/r/Buttcoin/comments/x565f7/bitcoins_lightning_network_in_the_real_world/in0ys4n/', "> how the whole LN thing works\n\nIt doesn't.", 'x565f7'], ['u/Affect-Electrical', 43, '2022-09-04 11:35', 'https://www.reddit.com/r/Buttcoin/comments/x565f7/bitcoins_lightning_network_in_the_real_world/in1af17/', 'sure, email [email protected]', 'x565f7'], ['u/admirelurk', 18, '2022-09-04 11:44', 'https://www.reddit.com/r/Buttcoin/comments/x565f7/bitcoins_lightning_network_in_the_real_world/in1b3jj/', 'You can imagine a lightning channel as a shared bank account with two beneficiaries, who must both agree before money can be spent. Lets say we both put in €10 initially, so we also create a settlement transaction to return €10 to our each of our separate bank accounts in case either of us wants to break up. This settlement transaction is signed, but not yet published or recorded on the chain.\n\nIf I want to pay to €2, usually I would create a transaction from my bank account to yours, but that\'s takes time and transaction fees. With lightning, I would instead create a new settlement transaction for our joint account that gives €12 to you and €8 to me. This new transaction also invalidates the old settlement transaction. Again, this doesn\'t need to be recorded on the chain unless either of us wants to split up.\n\nThis principle can be extended to form networks of channels. Let\'s say A wants to pay C. They don\'t have a channel between them, but they do both have a channel with B. Then B can act as an intermediary, such that A pays B and B pays C.\n\n> Like, how much does it cost to set it up? \n\nYou can set up a client on cheap computer hardware. However, a client should ideally be online 24/7, otherwise your counterparty might assume you are gone and close the channel. Your counterparty can also try to scam you by publishing an old settlement transaction. This takes time and is risky for the counterparty, but it can happen. \n\n>I assume you have to "stake" some crypto for the network layer?\n\nYes, a channel must be funded initially by one or both parties. The amount you can send and receive depends on the balance of the channel.\n\n> What are the fees and commissions? \n\nThe fees differ but are usually a fraction of a percent, as capacity is much larger than demand. \n\n>What are actual settlement times?\n\nSeconds at most before a transaction is approved by all intermediaries. Recording a transaction on the chain is not necessary for security. Still, parties can close the channel cooperatively, which is recorded in the next available block like any other transaction (10mins average on BTC) or one party can force close the channel after a waiting period (7 days by default)', 'x565f7'], ['u/james_pic', 15, '2022-09-04 17:24', 'https://www.reddit.com/r/Buttcoin/comments/x565f7/bitcoins_lightning_network_in_the_real_world/in2btyv/', 'The big issue with it is that each channel is between exactly two parties. If you want to transfer money to or from someone you\'ve never transacted with before, you either need to set up a channel with them (which costs as much as a regular bitcoin transaction, and locks some coins in the channel until you close it - again, at the cost of a regular bitcoin transaction), or you have to route the payment through a series of intermediaries (who I think end up being somewhat trusted - I forget exactly how trusted, but an untrustworthy one can definitely make your life harder).\n\nIn practice, this pushes most people to use a small number of well connected payment channel providers. And since the "you need to keep your node running 24×7 or you can get scammed by your counterparty" requirement is a bit of a pain, most users don\'t actually run their own nodes, but use custodial wallets.\n\nWhich is to say that even when the system works flawlessly (and it typically doesn\'t, as the original post illustrates - routing and channel capacity are problems), it\'s effectively a mechanism for running banks on the blockchain. But with technology even clunkier than the stuff the banks are using, and none of the regulation or consumer protection.', 'x565f7']]], ['u/AutoModerator', '[Daily Discussion] - Sunday, September 04, 2022', 35, '2022-09-04 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/x5dcnh/daily_discussion_sunday_september_04_2022/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/x5dcnh/daily_discussion_sunday_september_04_2022/', 'x5dcnh', [['u/dopeboyrico', 27, '2022-09-04 06:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/x5dcnh/daily_discussion_sunday_september_04_2022/in0julx/', '74% drop from peak, 41% rally from bottom, followed by failed retest of the bottom which ended up being 10% higher than the actual bottom.\n\nIf that’s it, this is the weakest bear market we’ve ever seen for BTC. Although it did set the important precedent that BTC can in fact fall below previous cycle’s ATH during its bear market, albeit not by an enormous margin.', 'x5dcnh'], ['u/Outrageous-Net-7164', 37, '2022-09-04 06:17', 'https://www.reddit.com/r/BitcoinMarkets/comments/x5dcnh/daily_discussion_sunday_september_04_2022/in0l5ok/', 'Weakest bear after the most pathetic bull run seems about right. Less volatile as she grows.', 'x5dcnh'], ['u/Admirable_Salad_9982', 18, '2022-09-04 07:41', 'https://www.reddit.com/r/BitcoinMarkets/comments/x5dcnh/daily_discussion_sunday_september_04_2022/in0svmt/', "if the fed continues to commit to not pivoting and the war lasts throughout the winter, this is only going one way, and it ain't up.", 'x5dcnh'], ['u/bittabet', 11, '2022-09-04 08:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/x5dcnh/daily_discussion_sunday_september_04_2022/in0uvj0/', 'On the surface you would think so but this war is leading to an energy crisis which will drive persistent stagflation if the fed continues the path they’re on... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening: Prices: Bitcoin and ether spend the weekend in a tight trading range below $20K; investors will have few, significant economic indicators to consider until the next U.S. inflation figures next week. Insights: Blockchain Protocol Cardano\'s arrival on Robinhood seems like a big yawn, given the protocol\'s lack of achievements. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. And sign up for First Mover , our daily newsletter putting the latest moves in crypto markets in context. Prices ● Bitcoin ( BTC ): $19,927 +0.5% ● Ether ( ETH ): $1,576 +1.1% ● S&P 500 daily close: 3,924.26 −1.1% ● Gold: $1,719 per troy ounce +0.6% ● Ten-year Treasury yield daily close: 3.19% −0.07 Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found at coindesk.com/indices. Bitcoin\'s Quiet Weekend Below $20K By James Rubin Bitcoin camped out below $20,000 on the last three-day summer holiday weekend in the U.S. The largest cryptocurrency by market value was recently trading at about $19,900, up a few ticks of a percentage point over the past 24 hours and about where it ended Friday. BTC has held support at roughly this level for a week as investors eyed employment data that could give them some hint about the U.S. central bank\'s next interest rate intentions later this month and wisdom of committing to higher risk assets. "We continue to see Bitcoin struggling to maintain $20,000 support," Joe DiPasquale, the CEO of crypto asset manager BitBull Capital, wrote in an email to CoinDesk. DiPasquale called bitcoin\'s current range "good...to begin accumulation," although he advised "being mindful of further drops" that might occur around Sept. 13, when the Bureau of Labor Statistics releases the August Consumer Price Index (CPI). Story continues Ether maintained a similar level of crypto price stasis with a little more than half the U.S. Labor Day weekend over. The second largest cryptocurrency by market capitalization was recently changing hands just below $1,600, up approximately 1% over the previous day but just about where it ended Friday. ETH investors now await the Bellatrix upgrade on Tuesday. This enhancement on the Beacon Chain will be responsible for setting the rest of the Merge process in motion. The Merge will shift ether from proof-of-work to a more energy efficient proof-of-stake protocol. Other altcoins were mostly in the green with ADA, ATOM and SHIB all recently up over 4% over the previous 24 hours. The native token for GMX, a decentralized exchange on Arbitrum, rose more than 9% and has climbed significantly in recent weeks. Stocks U.S. equity markets closed down on Friday after the Labor Department\'s latest jobs data offered little hope that the Federal Reserve, which has boosted interest rates a hefty 75 basis points at its last two Federal Open Market Committee (FOMC) meetings, would ratchet back its hawkishness. The tech-heavy Nasdaq, S&P 500 and Dow Jones Industrial Average (DJIA) all dropped more than a percentage point and have fallen three consecutive weeks. U.S. markets will be closed on Monday. The Institute for Supply Management will release its monthly services index on Tuesday with expectations for a slight decline. And the U.S. Census Bureau will publish its wholesale inventories report for July. Crypto news On Saturday, MicroStrategy Executive Chairman Michael Saylor told an audience at the Baltic Honeybadger conference in Riga, Latvia that the non-crypto part of the software firm is working on bitcoin-related projects as well. The firm\'s developers are working on solutions that would allow the onboarding large numbers of people onto the Lightning network, a payment network on top of bitcoin allowing faster and cheaper transactions. CoinDesk\'s Jocelyn Yang reported , unusual blockchain data appears to show large blocks of bitcoin worth more than $200 million moving for the first time in years, prompting crypto analysts to puzzle over its significance. On Aug. 28, according to a post from crypto data analysis platform CryptoQuant , 5,000 BTC that hadn’t moved for at least seven years was transacted. The next day, LookIntoBitcoin ’s data tracker showed another 5,000 BTC was transferred again. And the saga of troubled crypto lender Celsius Network continued when the company, which is going through bankruptcy proceedings, said in a legal filing Thursday that a freshly found $70 million pile of cash would likely help it continue operating through the end of 2022. According to the document, Celsius expects “approximately $70 million of proceeds from the repayment of USD denominated loans.” BitBull\'s DiPasquale remains wary about predicting any long-term, crypto price movement upward. "If the current macro economic conditions persist, we may see a prolonged consolidation period for crypto and markets in general, as opposed to a sharp upward recovery," he wrote. Biggest Gainers Asset Ticker Returns DACS Sector Cardano ADA +4.8% Smart Contract Platform Cosmos ATOM +4.5% Smart Contract Platform Shiba Inu SHIB +4.2% Currency Biggest Losers Asset Ticker Returns DACS Sector Terra LUNA −2.7% Smart Contract Platform Insights Cardano on Robinhood? So What By Sam Reynolds Robinhood recently announced that it’s listing Cardano (ADA) on its trading platform, which has generated all kinds of buzz and bullish predictions about a price breakout. Of course, talk about ADA and price breakouts sometimes seems\xa0 as old as crypto itself: The token, according to its faithful, is always on the precipice of something great. But the reality is a breakout has yet to happen. ADA, despite being launched in 2017, only introduced smart contracts last year. Smart contracts are what make blockchains useful; the maturity of smart contract framework on Ethereum can be directly tied to the value of Ether. And even after smart contracts were launched on ADA, nothing happened. DeFi Llama shows that the total value locked (TVL) in Cardano is only $81 million. Compared to the TVL locked in other protocols this is smaller than a rounding error (or in the case of Solana, a double-counting scheme ). In the time since ADA’s launch, other protocols have far surpassed it for utility and for the market’s faith in them. Klaytn, which is relatively unknown outside\xa0 Korea , launched in late 2021 and has a TVL of $357 million.\xa0 Avalanche, launched in September 2020, has $1.8 billion in TVL . Even if Tron, which is synonymous with shitcoin, and whose founder’s name is closely associated with a get-rich-quick scheme, has a TVL of $5.7 billion – way more than ADA. Market cap\xa0 is a measure of the value of tokens in circulation, not in the value locked in the protocol’s code. To be sure, Cardano\xa0 founder, Charles Hoskinson, seems to always draw a crowd wherever he goes, and this charisma and his past accomplishments (some falsified as journalist Laura Shin recounts in her recent book)\xa0may largely explain\xa0 the protocol’s allure and $15 billion market cap. Investors are often drawn to entrepreneurs with great presence. Based on Cardano’s current merits, nothing else accounts for its attraction. Important events U.S. Labor Day holiday 8:30 a.m. HKT/SGT(12:30 a.m. UTC): Jibun bank services PMI (August) 9:45 a.m. HKT/SGT(1:45 p.m. UTC): Caixin services PMI (August) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin Hovers Around $20K as US Adds 315K Jobs in August; Ethereum Energy Consumption "First Mover" dove into the crypto markets following the jobs report for August. While the U.S. added 315,000 jobs last month, the unemployment rate inched up to 3.7%. What does this mean for crypto markets? Path Trading Partners Chief Market Strategist Bob Iaccino provided his analysis. Also, Hodder Law Firm\'s Sasha Hodder discussed questions before the court in the Celsius bankruptcy case, such as whether the crypto lender\'s custodial account holders will get their funds back. Plus, what will "The Merge" upgrade do to Ethereum\'s energy consumption? Headlines Australian CBDC Research Project Could Provide Crypto Clarity, Legal Expert Says: Michael Bacina, partner at law firm Piper Alderman, joined CoinDesk TV\'s "First Mover" to discuss why the country is the prime location to test asset digitization. US Job Growth Slowed in August; Bitcoin Gains: The report is one of the last major economic data points the Federal Reserve will see before its September monetary policy meeting. Did Merge Optimism Lift Ether or Was It the S&P 500?: The summer bounce in equity markets probably helped as battered crypto bulls cheer Ethereum\'s impending technological upgrade.. Coinbase Mispricing Allows Users in Georgia to Cash Out for 100 Times Rate: The bug saw Georgia\'s national currency, the lari (GEL), priced at $290 rather than $2.90. Longer reads TradFi Investors Will Love Ethereum’s Merge: The impact of the big shift to proof-of-stake are not priced into the market for ether, says CoinDesk\'s chief content officer. Other voices: El Salvador Had a Bitcoin Revolution. Hardly Anybody Showed Up (Bloomberg) Said and heard "We know that despite the moribund state of markets, many hedge funds, family offices, venture funds and even pension funds and endowments are looking seriously at the long-term benefits of including crypto in their portfolios. Below I lay out why post-Merge ether could figure prominently in their future allocations." ( CoinDesk Chief Content Officer Michael Casey ) ... "Call me the world’s happiest cynic, then, because when I predicted the utter and catastrophic failure of Facebook’s rebranding as “Meta” starting less than a year ago, I genuinely didn’t think it would all unravel as quickly and ignom Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-09-05 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $378,217,093,864 - Hash Rate: 235601272.08754936 - Transaction Count: 250179.0 - Unique Addresses: 628765.0 Social & AI Sentiment: - Fear & Greed Index: 0.23 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Ethereum's native cryptocurrency ether hit a high of $1905. Illustration: Reuters/Dado Ruvic/Illustration (Dado Ruvic / reuters) Ethereum soared 12% today following a successful test ahead of the upcoming 'merge', and after CPI data in the US showed inflation had slowed in July. Following the healthier inflation data from the US and the successful Ethereum proof of stake test, Ethereum's native cryptocurrency ether hit a high of $1905. On Wednesday, the Ethereum network ( ETH-USD ) ran its last test before the major upgrade, which is expected to take place in mid-September. An Ethereum test network, called Goerli, named after the train station in Berlin, tested the proof of work method that will run across the entire network after the coming 'merge', the trial was a success. Read more: Crypto live prices Investors' eyes are now watching the steady climb in the value of ether ahead of September's 'merge' to a proof of stake consensus mechanism. However, challenges have arisen to obstruct a clean 'merge' to proof of stake, with some Ethereum proof of work miners wanting to maintain the legacy way of validating transactions and create their own native asset, which could be listed on exchanges as ETHW. The upgrade will see the end of Ethereum as a high-energy intensive proof of work (PoW) blockchain, and switch to a more environmentally friendly proof of stake (PoS) mode for validating transactions. Read more: Ethereum supply to shrink after 'Merge' upgrade, says Vitalik Buterin The price of ether fell to $877 in July and has nearly doubled since then to $1,882 as of the time of writing. The world's second-largest cryptocurrency by market cap is up 12% in the last 24 hours and 16.2% in the last week. Bitcoin ( USD-BTC ) has also gained today, up 6.4% in 24 hours to stand at $24,538, up 7.2% in the last week. Watch: The Crypto Mile: Episode 6 - Ethereum insider reveals consequences of 'the merge' The Consumer Price Index (CPI) inflation data for the US came out on Wednesday and showed that inflation peaked in June and then slowed in July. In the 12 months through July, the Consumer Price Index (CPI) in the US increased by a weaker-than-expected 8.5%, following a 9.1% rise in June. Story continues The price of consumer goods did not rise in July due to a sharp drop in the cost of gasoline. This was the first sign of relief after inflation has climbed over the past two years. Bitcoin and other blue chip cryptocurrencies again revealed their trend of correlating with tech stocks, and as Wall Street equities rallied so did blue chip cryptocurrencies. Read more: Can ethereum merge make ether the next bitcoin? The combined crypto market cap is up 7.1% in the last 24 hours to $1.21 Trillion. Investors are eyeing the decelerating US inflation rate in the anticipation it prompts a less hawkish Federal Reserve. The Fed has been issuing consecutively hawkish interest rate hikes, but the latest inflation figures may see interest rates rising at a slower pace than previously expected. However, the Fed has indicated that several months of a decline in CPI growth would be needed before it lets up on the increasingly aggressive monetary policy tightening measures. The level of inflation in the US is currently running at a four-decade high. Watch: What would Karl Marx think about crypto? - The Crypto Mile Episode 7... - Reddit Posts (Sample): [['u/pristine_air', 'TIL: there used to be a Bitcoin faucet that literally gave away 5 bitcoins just to solve a CAPTCHA', 3796, '2022-09-05 00:53', 'https://www.reddit.com/r/CryptoCurrency/comments/x607js/til_there_used_to_be_a_bitcoin_faucet_that/', '12 years ago in 2010 a fellow named Gavin Andresen created the first cryptocurrency faucet; he made this simple website giving away 5 bitcoin ( not a typo FIVE) just for solving a CAPTCHA. It has since been archived and what is crazy was that the snapshot on that day showed that there was still 750 Bitcoin to give away. 5 Bitcoin is basically 100,000 USD in todays price and at its all time high this would had equate to 325,000 just for visiting a website. More than likely you could had just visited once everyday or even more\n\n&#x200B;\n\nhttps://preview.redd.it/8g6z5o277xl91.png?width=1031&format=png&auto=webp&s=d5146a3f3b0885c17cf1a67f89149de3ca5c2abb\n\nFrom wikipedia source: Gavin Andresen is a bitcoin pioneer and was one of the few developers that actually developed alongside with Satoshi Nakamoto who declared him as the lead developer for the client bitcoin software. Been quoted, "Bitcoin is designed to bring us back to a decentralized currency of the people," and "this is like better gold than gold." He also conceived of the Bitcoin Foundation but sadly he stopped contributing in 2016 and criticize bitcoin developers for not increasing network capacity and later got involved in bitcoin cash instead. \n\nAnyways thought I shared a bit of fun history to lighten up the mood a bit. \n\nsource: [https://web.archive.org/web/20100703032414/http://freebitcoins.appspot.com/](https://web.archive.org/web/20100703032414/http://freebitcoins.appspot.com/)\n\nsource: [https://en.wikipedia.org/wiki/Gavin\\_Andresen](https://en.wikipedia.org/wiki/Gavin_Andresen)', 'https://www.reddit.com/r/CryptoCurrency/comments/x607js/til_there_used_to_be_a_bitcoin_faucet_that/', 'x607js', [['u/N0tMac', 10, '2022-09-05 00:56', 'https://www.reddit.com/r/CryptoCurrency/comments/x607js/til_there_used_to_be_a_bitcoin_faucet_that/in450wp/', "That's funny because 5 Bitcoin will literally solve every problem in my life.", 'x607js'], ['u/beggerman2', 74, '2022-09-05 00:57', 'https://www.reddit.com/r/CryptoCurrency/comments/x607js/til_there_used_to_be_a_bitcoin_faucet_that/in4555e/', 'I started doing faucets in 2011 made over 100 btc I ended up losing the wallet 2014😭😭😭', 'x607js'], ['u/gnarley_quinn', 1778, '2022-09-05 00:58', 'https://www.reddit.com/r/CryptoCurrency/comments/x607js/til_there_used_to_be_a_bitcoin_faucet_that/in458bv/', 'If I had spent three seconds to solve that captcha, the next thirty years of my life would be very different.', 'x607js'], ['u/whenijusthavetopost', 149, '2022-09-05 00:58', 'https://www.reddit.com/r/CryptoCurrency/comments/x607js/til_there_used_to_be_a_bitcoin_faucet_that/in45auw/', 'Post in the year 2082: TIL there used to be faucets that gave out free potable water, currently valued at 0.31 BTC/Gallon.', 'x607js'], ['u/Optimal_Store', 20, '2022-09-05 01:08', 'https://www.reddit.com/r/CryptoCurrency/comments/x607js/til_there_used_to_be_a_bitcoin_faucet_that/in46kh1/', 'This hurts me deeply', 'x607js'], ['u/Maxx3141', 310, '2022-09-05 01:10', 'https://www.reddit.com/r/CryptoCurrency/comments/x607js/til_there_used_to_be_a_bitcoin_faucet_that/in46tzq/', 'I bet half of the Bitcoin given away from this faucet were lost. Back then crypto had (almost) no value and no one knew it would become as big.', 'x607js'], ['u/EvilCeleryStick', 10, '2022-09-05 01:13', 'https://www.reddit.com/r/CryptoCurrency/comments/x607js/til_there_used_to_be_a_bitcoin_faucet_that/in476iy/', "He's that guy now combing the dump for ten years looking for his lost bitcoin key", 'x607js'], ['u/heymeit', 10, '2022-09-05 01:13', 'https://www.reddit.com/r/CryptoCurrency/comments/x607js/til_there_used_to_be_a_bitcoin_faucet_that/in476vy/', 'Pretty sure I did this. Wallet is gone tho', 'x607js'], ['u/EvilCeleryStick', 33, '2022-09-05 01:14', 'https://www.reddit.com/r/CryptoCurrency/comments/x607js/til_there_used_to_be_a_bitcoin_faucet_that/in47alh/', "Almost funny if it wasn't so probable", 'x607js'], ['u/Greenbriarbushwacker', 20, '2022-09-05 01:14', 'https://www.reddit.com/r/CryptoCurrency/comments/x607js/til_there_used_to_be_a_bitcoin_faucet_that/in47cgz/', 'There will be posts like this talking about the moons faucet in 10 years time 🤞🏻🤞🏻🤞🏻', 'x607js'], ['u/surrender_the_juice', 11, '2022-09-05 01:20', 'https://www.reddit.com/r/CryptoCurrency/comments/x607js/til_there_used_to_be_a_bitcoin_faucet_that/in480us/', 'You don’t even know how excited you just got me.', 'x607js'], ['u/TarkovReddit0r', 21, '2022-09-05 01:20', 'https://www.reddit.com/r/CryptoCurrency/comments/x607js/til_there_used_to_be_a_bitcoin_faucet_that/in480x7/', 'Interviewer: so how did you become a BTC millionaire ?\n\n„I typed fluffy apple“\n\nOr \n\n\n“Well it all started with me selecting the street lights on a picture”', 'x607js'], ['u/Bucksaway03', 10, '2022-09-05 01:20', 'https://www.reddit.com/r/CryptoCurrency/comments/x607js/til_there_used_to_be_a_bitcoin_faucet_that/in481b4/', "Pay off debt, house deposit. Whilst it won't get you far, it's a massive step in the right direction", 'x607js'], ['u/sleepynate', 30, '2022-09-05 01:20', 'https://www.reddit.com/r/CryptoCurrency/comments/x607js/til_there_used_to_be_a_bitcoin_faucet_that/in481ya/', "I used to do this. There were websites you could go to that would email you a best buy gift card code if you sent them Bitcoin. So, Bitcoin faucet ➡️ best buy gift cards over and over.\n\nI bought so many fancy collectors edition DVD sets with my free Internet money. 10-ish years later and I don't even own a working DVD player. The bitcoins would have been worth 10s of millions.", 'x607js'], ['u/Blueeyedgenie69', 64, '2022-09-05 01:21', 'https://www.reddit.com/r/CryptoCurrency/comments/x607js/til_there_used_to_be_a_bitcoin_faucet_that/in484l0/', 'I did it twice so I had ten bitcoin in an online wallet. Looked into putting it in cold storage but it was way too much work for something almost worthless. Eventually lost track of the bitcoin and never got it back.', 'x607js'], ['u/Odysseus_Lannister', 15, '2022-09-05 01:33', 'https://www.reddit.com/r/CryptoCurrency/comments/x607js/til_there_used_to_be_a_bitcoin_faucet_that/in49ntd/', 'I for sure would have sold once it hit $50-100 because that’s a free several thousand bucks I needed back then', 'x607js'], ['u/Bucksaway03', 53, '2022-09-05 01:37', 'https://www.reddit.com/r/CryptoCurrency/comments/x607js/til_there_used_to_be_a_bitcoin_faucet_that/in4a4hx/', 'More then half lost or already sold for sure.', 'x607js'], ['u/pristine_air', 75, '2022-09-05 01:45', 'https://www.reddit.com/r/CryptoCurrency/comments/x607js/til_there_used_to_be_a_bitcoin_faucet_that/in4b6mc/', 'the hard part not many people talk about is holding on to it and not losing it. But yah I get it, small things in life can really make a huge difference.', 'x607js'], ['u/deathbyfish13', 40, '2022-09-05 01:49', 'https://www.reddit.com/r/CryptoCurrency/comments/x607js/til_there_used_to_be_a_bitcoin_faucet_that/in4bpdj/', "There's no way someone getting BTC from a faucet would long term hold through its meteoric rise.\n\nMost likely would have been sold once it hit a few bucks", 'x607js'], ['u/asisoid', 103, '2022-09-05 01:53', 'https://www.reddit.com/r/CryptoCurrency/comments/x607js/til_there_used_to_be_a_bitcoin_faucet_that/in4c7ty/', "You would've sold when it hit like $10.", 'x607js'], ['u/Wonzky', 17, '2022-09-05 01:54', 'https://www.reddit.com/r/CryptoCurrency/comments/x607js/til_there_used_to_be_a_bitcoin_faucet_that/in4cb1q/', 'And there I was wasting my time on an education like a sucker', 'x607js'], ['u/Wabi-Sabibitch', 669, '2022-09-05 01:54', 'https://www.reddit.com/r/CryptoCurrency/comments/x607js/til_there_used_to_be_a_bitcoin_faucet_that/in4cbo5/', 'Most would have just given up when it asks about wallet address.', 'x607js'], ['u/IWantTooDieInSpace', 40, '2022-09-05 01:55', 'https://www.reddit.com/r/CryptoCurrency/comments/x607js/til_there_used_to_be_a_bitcoin_faucet_that/in4cfa3/', "It's ok, you would have forgotten your key and fallen into crippling depression", 'x607js'], ['u/ChesterDaMolester', 10, '2022-09-05 01:55', 'https://www.reddit.com/r/CryptoCurrency/comments/x607js/til_there_used_to_be_a_bitcoin_faucet_that/in4chd3/', 'I ran a faucet for like 6 months. Managed to earn, and give away 8,600,000 sats. Not nearly as impressive but I thought it was fun. Even ranked near the bottom of the first page of google for “Bitcoin”', 'x607js'], ['u/BusinessBreakfast3', 24, '2022-09-05 02:00', 'https://www.reddit.com/r/CryptoCurrency/comments/x607js/til_there_used_to_be_a_bitcoin_faucet_that/in4d1el/', 'In 2027:\n\nTIL 5 years ago, you could buy Bitcoin for less than $100k', 'x607js'], ['u/tinco', 34, '2022-09-05 02:01', 'https://www.reddit.com/r/CryptoCurrency/comments/x607js/til_there_used_to_be_a_bitcoin_faucet_that/in4d594/', "Same, scanned all my old hard drives for any wallet.dat's but couldn't find any, they probably got zapped in some OS reinstall. It's so ridiculous people are paying upwards of 10,000 for BTC. Later when BTC was getting up to like a couple bucks I ran one of the early GPU miners. I did the maths and it would take like 2 weeks of constant mining to get a decent chance of mining a block and getting 50 BTC, it just wasn't worth sleeping next to a zooming PC for that long.", 'x607js'], ['u/dajohns1420', 68, '2022-09-05 02:05', 'https://www.reddit.com/r/CryptoCurrency/comments/x607js/til_there_used_to_be_a_bitcoin_faucet_that/in4do0u/', 'I used I faucet around 2014. I stopped doing it, then remembered the account during the 2017 bull run. I went and checked, and there was 0.22btc. Still have it today.', 'x607js'], ['u/Wabi-Sabibitch', 124, '2022-09-05 02:06', 'https://www.reddit.com/r/CryptoCurrency/comments/x607js/til_there_u... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin rose slightly in Tuesday morning trading in Asia after falling below the key resistance line of US$20,000 on Monday morning. Ether posted the greatest gains in the crypto top ten by market cap as the rest of that list rose or fell by less than 1%. See related article: Markets: Bitcoin, Ether edge up; Cardano, Solana lead gains in crypto top 10 Fast facts Bitcoin dropped 0.9% in the past 24 hours to US$19,817 at 8 a.m. in Hong Kong while Ether added 2.5% to US$1,617, according to data from CoinMarketCap . Ethereum Classic (ETC), the original chain from which the current Ethereum (ETH) network was forked, gained 22.1% to change hands at a two-week high of US$39.63 following the announcement that top mining pool BTC.com will be adding support for Ethereum Classic after of the Merge. The Merge is part of Ethereum’s highly anticipated transition to a Proof-of-Stake consensus mechanism and has contributed to both ETC and ETH posting significant price gains in recent months. Bitcoin Cash, a fork of Bitcoin, is also outperforming the main blockchain, gaining 6.3% to US$125.63. The main Terra network (LUNA) is up 10% to US$1.99, while Terra Classic (LUNC), from which it was forked, is up 60% to US$0.0003995. LUNC was the token used to maintain the algorithmic stablecoin UST’s peg before its spectacular crash in May. LUNA was forked from that network to save the project from losing even more value. Bitcoin Cash was forked from Bitcoin to create a faster and cheaper alternative. U.S. markets were closed on Monday due to the Labor Day holiday. See related article: Where will DeFi be after crypto winter ends? View comments', 'Bitcoin rose slightly in Tuesday morning trading in Asia after falling below the key resistance line of US$20,000 on Monday morning. Ether posted the greatest gains in the crypto top ten by market cap as the rest of that list rose or fell by less than 1%.\nSee related article:Markets: Bitcoin, Ether edge up; Cardano, Solana lead gains in crypto top 10\n• Bitcoin dropped 0.9% in the past 24 hours to US$19,817 at 8 a.m. in Hong Kong while Ether added 2.5% to US$1,617, according todata from CoinMarketCap.\n• Ethereum Classic (ETC), the original chain from which the current Ethereum (ETH) network was forked, gained 22.1% to change hands at a two-week high of US$39.63 following the announcement that top mining poolBTC.com will be adding supportfor Ethereum Classic after of the Merge.\n• The Merge is part of Ethereum’s highly anticipated transition to a Proof-of-Stake consensus mechanism and has contributed to both ETC and ETH posting significant price gains in recent months.\n• Bitcoin Cash, a fork of Bitcoin, is also outperforming the main blockchain, gaining 6.3% to US$125.63. The main Terra network (LUNA) is up 10% to US$1.99, while Terra Classic (LUNC), from which it was forked, is up 60% to US$0.0003995.\n• LUNC was the token used to maintain the algorithmic stablecoin UST’s peg before its spectacular crash in May. LUNA was forked from that network to save the project from losing even more value. Bitcoin Cash was forked from Bitcoin to create a faster and cheaper alternative.\n• U.S. markets were closed on Monday due to the Labor Day holiday.\nSee related article:Where will DeFi be after crypto winter ends?', 'Bitcoin rose slightly in Tuesday morning trading in Asia after falling below the key resistance line of US$20,000 on Monday morning. Ether posted the greatest gains in the crypto top ten by market cap as the rest of that list rose or fell by less than 1%.\nSee related article:Markets: Bitcoin, Ether edge up; Cardano, Solana lead gains in crypto top 10\n• Bitcoin dropped 0.9% in the past 24 hours to US$19,817 at 8 a.m. in Hong Kong while Ether added 2.5% to US$1,617, according todata from CoinMarketCap.\n• Ethereum Classic (ETC), the original chain from which the current Ethereum (ETH) network was forked, gained 22.1% to change hands at a two-week high of US$39.63 following the announcement that top mining poolBTC.com will be adding supportfor Ethereum Classic after of the Merge.\n• The Merge is part of Ethereum’s highly anticipated transition to a Proof-of-Stake consensus mechanism and has contributed to both ETC and ETH posting significant price gains in recent months.\n• Bitcoin Cash, a fork of Bitcoin, is also outperforming the main blockchain, gaining 6.3% to US$125.63. The main Terra network (LUNA) is up 10% to US$1.99, while Terra Classic (LUNC), from which it was forked, is up 60% to US$0.0003995.\n• LUNC was the token used to maintain the algorithmic stablecoin UST’s peg before its spectacular crash in May. LUNA was forked from that network to save the project from losing even more value. Bitcoin Cash was forked from Bitcoin to create a faster and cheaper alternative.\n• U.S. markets were closed on Monday due to the Labor Day holiday.\nSee related article:Where will DeFi be after crypto winter ends?', 'This article was originally published onETFTrends.com.\nBy Patrick Bush and Matthew Sigel\nOur bullish thesis on Cosmos’ ATOM token centers around the power of the Cosmos SDK, the importance of IBC, the clear product market fit of the Cosmos Hub and strong token value accrual.\nPlease note that VanEck has a position(s) in the ATOM token described\xa0below.\nBased on our discounted cash flow analysis of potential Cosmos ecosystem value in 2030, we arrived at a $140 price target for the ATOM token, with downside to $1. With ATOM’s price at $10 as of 8/2/2022, we like the 14-1 odds presented and believe this is a buying opportunity for the\xa0token.\nTo arrive at the model’s assumptions, we found it helpful to answer the following questions:\n• What is a layer 0?\n• Why is cross-chain bridging so hard?\n• How will value accrue to ATOM holders?\n• What is the role of market-makers in crypto?\nA layer 1, smart contract blockchain likeEthereumis simply an enterprise platform that hosts decentralized applications while enabling payments between users. Ethereum generates revenue by charging deployers of smart contracts storage fees, while exacting a toll on users who send transactions or utilize the deployed smart contracts. Conceptually, these customer bases can be segmented into B2B and B2C components, with the deployers of smart contracts thought of as businesses and the end users of the blockchain thought of as consumers. Ethereum rents secure storage space to those businesses to host their enterprise and sells the blockspace to users that allows them to interact with those businesses or send funds. This simple business model, with some tweaks, defines most layer 1\xa0blockchains.\nBy contrast, layer 0 blockchains like theCosmos Hub, PolkadotandAvalancheare highly specialized B2B models. The main customers are other blockchains, and the product provided is security. In essence, alayer 0is a type of blockchain software that coordinates a network of computers where hosted blockchains can deploy their blockchain data and blockchain logic to have it executed to make transactions. This allows the hosted blockchain, or (security) consumer chain, to execute its suite of functions and applications in an environment protected by the layer 0’s security. Because consumer chains deploy as blockchain logic to the layer 0s rather than as smart contract code on a layer 1, they are free to create custom environments for their hosted\xa0applications.\nTo ensure the layer 0 computers are honest, each computer in the network must put up collateral, or “stake”, consisting of the layer 0 tokens. If a computer acts maliciously or fails to properly execute the hosted blockchains’ logic, the computer, called a validator, can lose a portion or all of its stake. This is termed a “proof of stake” (PoS) security model. Effectively, layer 0s are outsourcing host blockchain security to enable each blockchain to focus on its own business model. Security fees can be paid by the consumer chains through a number of different mechanisms, including renting one of a limited number of security spots on a layer 0, collecting a portion of transaction fees, receiving inflationary rewards from consumer chains, or some other combination of these mechanisms. Because layer 0s are secured by validators backed by staked tokens, the value of the security flows through to those staked\xa0tokens.\nThe Cosmos Hub’s target market is the blockchains that make up the Cosmos ecosystem of blockchains. 48 of the 49 blockchains that populate “the Cosmos” are written using theCosmos Software Development Kit (SDK). Released out of a blockchain start-up calledTendermintin January 2018, the Cosmos SDK is the most popular blockchain framework in terms of number of deployments. Cosmos SDK chains include Binance Smart Chain, Thorchain, Oasis, OkEx, Terra and Crypto.com’s Cronos\xa0chain.\nThe Cosmos SDK is a modular framework for developers to create proof of stake (PoS) blockchains. Rather than having to write each component of a blockchain from scratch, developers can pick, choose, and modify components from the Cosmos SDK to assemble their own blockchain. At the heart of the Cosmos SDK is the consensus engine known as the Tendermint Core. Tendermint, utilized in the Terra blockchain, has proven itself extremely robust under the extreme duress of Terra’s collapse. Though the coin values of Terra and Luna were eradicated in the panic, Terra’s Tendermint-based blockchain remained fully operational throughout the entire\xa0melee.\nArguably the most important and revolutionary component of the Cosmos SDK is the IBC module. Using IBC, separate Cosmos SDK blockchains can open up communication channels to exchange data, messages, tokens and other digital assets. The permissionless and trustless communication technology of IBC solves many of the issues presented by trusted bridging solutions that have led to over $1B in funds stolen through bridge hacks. IBC not only allows assets to transfer across chains, but also enables cross chain composability. C Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-09-06 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $378,603,578,925 - Hash Rate: 218662618.53877124 - Transaction Count: 268125.0 - Unique Addresses: 657784.0 Social & AI Sentiment: - Fear & Greed Index: 0.22 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: The U.S. Bureau of Labor Statistics released the consumer price index (CPI) , the inflation number, for June this week. So macro trends are this weeks featured flavor because the CPI number wasnt exactly pretty. From the press release: Over the last 12 months, the all items index increased 9.1 percent before seasonal adjustment. So if youre an American who didnt get a 9.1% pay raise last year ( which most didnt ), then everything is more expensive. If you dig into what made up that 9.1%, the really important stuff (read: food, energy) outpaced it. Food prices rose 10.4%, Energy prices were up 41.6%. Of course, that means gold, the classic inflation hedge asset, should be going up. Except it didnt? And bitcoin did. Also the euro is a dollar stablecoin now. What gives? That (and maybe more ) below. George Kaloudis Youre reading Crypto Long & Short , our weekly newsletter featuring insights, news and analysis for the professional investor. Sign up here to get it in your inbox every Sunday. Ill spend a lot of space in this newsletter on a soapbox because inflation really annoys me. But also because as a son of a Greek immigrant, I find the euro to be really annoying. And gold as a monetary asset never really made sense to me. Plus, I really like Bitcoin. Since a lot of things have been said about all of these things recently, theres a lot for me to latch onto and get worked up about. So here it goes. No, inflation is not good for you and no, we dont need it Inflation is good for you. Google it. Real-life articles have been published that claim this. And theyre serious. Inflation is good for you because it favors debtors. That makes sense. If you have a $100,000 loan, that $100,000 doesnt adjust as things get more expensive. Its still $100,000. So if that $100,000 is a fixed-rate, 30-year mortgage, then your debt burden is lessened. Assuming of course that your wages increased enough to make up for the fact that burritos are more expensive. For the record, wages largely didnt increase enough in the U.S. So while inflation might be good for your mortgage burden, does it make up for the additional 40% youre paying at the gas pump or the additional 10% for burritos ? We need inflation. Google that too. Plenty of articles. All serious. The basic gist of the argument for needing inflation is that a deflationary currency one that increases in value over time rather than decreases will lead to excess saving (or hoarding) and lack of spending in the economy given the time value of money (TVM). TVM is the core tenet of finance. A dollar today is worth more than a dollar tomorrow given the earning potential of that dollar. Story continues Except. That's a whiteboard world. In the real world, theres nothing wrong with saving. Also and this should be shocking to absolutely nobody people buy things because they either a) need them or b) want them. While they may be doing a TVM calculation implicitly, no one is pulling out a HP-12C to decide if they do want guac on their burrito. Is anything an inflation hedge? Theres a really good theoretical argument for the fixed-rate 30-year mortgage mentioned in the previous section as an effective inflation hedge (but dont give Wall Street any ideas again ). But normally gold is touted as the ultimate inflation hedge. Gold has been money for millennia and its relatively rare. And its difficult to produce more gold. So in times of high inflation, we expect gold to increase commensurately. Except now we have gold 2.0 in bitcoin. Heres how both have fared since the June CPI was announced. Bitcoin vs. gold performance since Wednesday (TradingView) Bitcoin told gold: Look at me, I am the captain now . I know this is a very short, cherry-picked time period, but its pretty profound. Bitcoin is finally doing that thing youd expect it to do as gold 2.0. Maybe bitcoin can be an inflation hedge after all. Read more: Bitcoin: Gold 2.0? Try Reserve Asset 3.0 Introducing cryptos newest dollar stablecoin: the euro Last week, for the first time in 20 years, the euro hit parity with the U.S. dollar. CoinDesks Omkar Godbole wrote a great article about what that might mean for crypto markets . In the article, Genesis Global Tradings Noelle Acheson (my former boss) was quoted saying that bitcoin has been negatively correlated with the dollar index the past couple of years. So far this year, this trend has held up. The dollar index has performed extraordinarily well (up 12.3%), the euro compared with the dollar hasnt (-10.8%), and not-to-be-upstaged bitcoin has done even worse (-56.1%). DXY looks strong in 2022 (TradingView) Setting aside both crypto and my negative bias against the euro and its troika (which so graciously bailed out Cyprus, Ireland, Portugal and Greece) for a moment, it will be interesting to see what the European Central Bank will do in the face of a weakening euro, looming gas shortages , increasing energy prices and an impending recession . Hard times in the eurozone might beget hard times elsewhere. For all of Federal Reserve Chairman Jerome Powells woes, at least he isnt ECB President Christine Lagarde . What does this have to do with bitcoin and crypto? Thankfully (unthankfully?) its 2022. And in 2022, bitcoin is a real macro asset. So all of the things that happen in the broader economy affect bitcoin. The Hard Times in crypto that I wrote about the last few weeks may become Harder Times if things in the economy get worse. Sure, bitcoin could be a way to opt out of the current financial system and get away from inflation and poorly run monetary unions. But for now, they are tied together. View comments... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening: Prices: Bitcoin falls below $19K after a late Tuesday plunge. Insights: Binance’s USDC swap out isn’t what you think it is. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. And sign up for First Mover , our daily newsletter putting the latest moves in crypto markets in context. Prices ● Bitcoin ( BTC ): $18,857 −6.3% ● Ether ( ETH ): $1,538 −8.0% ● S&P 500 daily close: 3,908.19 −0.4% ● Gold: $1,707 per troy ounce +NaN% ● Ten-year Treasury yield daily close: 3.34% +0.1 Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found at coindesk.com/indices. Bitcoin Plunges Below $19K; Ether Falls as Well By James Rubin After cruising along at just under $20,000 for much of the past four days, bitcoin took a late Tuesday plunge below $19,000. The largest cryptocurrency by market capitalization was recently trading at about $19,850, down more than 6% over the previous 24 hours, as investors burrowed more deeply into risk-off mode. The decline followed the release of the Institute of Supply Management\'s (ISM) monthly services index showing an unexpected increase in activity among the 15 industries measured in the report. The August ISM underlined the likelihood of further steep interest rate hikes by the U.S. Federal Reserve to slow the resilient economy as it seeks to tame inflation. "The September swoon is in play as a resilient economy paves the way for more Fed tightening," Oanda Senior Market Analyst Edward Moya wrote in an email. Moya added: "The retail trader is starting to panic again as meme stocks and cryptos fall under pressure. Bitcoin is breaking below the key technical levels." After surging early Tuesday and outperforming bitcoin, ether also plummeted. The second-largest crypto by market value was recently trading near $1,530, off roughly 8% as ETH excitement over the Merge, the change of protocol from proof-of-work to more energy efficient proof-of-stake lessened. Story continues Other major cryptos were solidly red after promising beginnings on the first work day following the long U.S. Labor Day holiday weekend. ETC\'s price, which had risen 28% early Tuesday over the previous 24 hours to trade at $41, was more recently down 14% and changing hands below $35. UNI was off almost 16%. Equity markets also closed down, albeit less dramatically, with the tech-focused Nasdaq, S&P 500 and Dow Jones Industrial Average (DJIA) all down by a few fractions of a percentage point. "Stocks are going to struggle because too much of the economy is doing well and that leaves Wall Street vulnerable to an extended period of rising interest rates," Moya wrote. Moya noted bitcoin\'s continued correlation with tech stocks, and he called "the surge with Treasury yields, which rose to nearly 3.5% – their second-highest level of 2022 – "a troubling sign." "Many are starting to doubt that the peak in yields is in place and that could spell trouble for bitcoin," he wrote. "Bitcoin selling pressure will next eye the summer lows just ahead of the $17,500 level." Biggest Gainers There are no gainers in CoinDesk 20 today. Biggest Losers Asset Ticker Returns DACS Sector Chainlink LINK −10.9% Computing Polygon MATIC −10.9% Smart Contract Platform Avalanche AVAX −10.2% Smart Contract Platform Insights Binance’s USDC Swap Out Isn’t What You Think it Is By Sam Reynolds On the surface, Binance removing stablecoins it doesn’t control , like USDC and trueUSD (TUSD), and converting the balances to BUSD looks bad – like antitrust bad, as there’s a platform swapping out the support of its competitor’s product for its own. But that’s a surface-level analysis. The reality is not quite that. Binance will still support other stablecoins. It will allow the deposit and withdrawal of USDC, TUSD and others (just not tether). What the exchange is hoping to accomplish is having one big pool for USD stablecoins to be used for trading – powered by Binance’s USD stablecoin – similar to how FTX pools all stablecoins together under a generic USD and stablecoins category. (FTX screenshot) “Removing most stablecoin pairs is a good thing. Liquidity doesn’t have to be split between multiple stablecoins, making market makers’ jobs easier and markets overall more liquid,” Evgeny Gaevoy, CEO of Wintermute, a market maker for digital assets, tweeted . Gaevoy highlighted that this change actually makes transactions more seamless and frictionless. Binance’s margined products were all denominated in BUSD anyway so there was a conversion required. “Now you can skip the conversion step both ways (for BUSD margined products). It’s a better customer journey all while keeping USDC useful (I’d even argue more useful),” he tweeted. But why isn’t tether (USDT) included in this list of stablecoin products Binance will convert to BUSD? Gaevoy thinks it\'s because U.S. regulators hate tether, meaning that Silvergate and Signature, two large crypto-friendly banks in the U.S., won’t touch it. All this is similar to how FTX treats tether. USDT is viewed as an asset being 1:1 to the U.S. dollar, but not a stablecoin. Burak Tamac, senior researcher at CryptoQuant, has a slightly different view. This move by the exchange is all a play by Binance to absorb the liquidity of USDC in order to undermine USDT. “According to our recent research on stablecoin efficacy, USDT and BUSD have been the top contender for market velocity,” he told CoinDesk, while pointing out that USDC’s one-year velocity is 0.08 compared to USDT’s 0.83 and BUSD’s 0.33. “Since USDC does not seem competitive with BUSD, I believe Binance aims to absorb USDC’s liquidity to undermine USDT in the long run,” he continued. “BUSD’s issuer Paxos is under the New York Department of Financial Services regulatory umbrella. Regulatory clarity and a higher Peg-Robustness score will give BUSD a better ground to compete with USDT.” Behind the scenes Nansen analyst Martin Lee wrote in a note to CoinDesk that Binance has “massively reduced its holdings from the middle of August, while most exchanges typically range sideways.” Tokens on exchanges. (Nansen) Data shows that Binance reduced its holdings of USDC from 2.2 billion USDC on Aug. 14 to one billion USDC on Aug. 22. The most notable transaction is a transfer of 1.78 billion USDC from a Binance peg wallet to a Binance deposit wallet , Lee wrote. It\'s significant, he believes, because the Binance peg wallet contains tokens that are wrapped and pegged by Binance on a 1:1 ratio to the corresponding native token. Balance changes (Nansen) Binance’s intent The core question remains what Binance’s intention was in removing USDC and other stablecoins as a trading pair. On the one hand, the fact that the exchange is removing, behind the scenes, USDC as one of its pegs would suggest that it might be a grander play to delete the stablecoin from history after it gets absorbed. After all, one of the functions of stablecoins, aside from their use in trading pairs, is to provide the dollar stability that their name endows. And if Binance is attempting to remove USDC’s functionality as one of the important pegs for other tokens, then it just might have more sinister plans for the stablecoin market to solidify BUSD’s lead. But on-chain data doesn’t always paint the full picture. This could all just be a harmless reshuffling of assets. Important events Kyiv Tech Summit 10 a.m. HKT/SGT(2 a.m. UTC): China Imports/Exports/Trade balance (August) 1 p.m. HKT/SGT(5 a.m. UTC): Japan leading economic index (July preliminary) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Ethereum Gets Bellatrix Upgrade Ahead of Merge, ETH Jumps Over 6%, ETC Over 26% The countdown began. The Bellatrix upgrade was activated on Tuesday, marking the beginning of the Merge – the transition of Ethereum’s proof-of-work (PoW) chain to the proof-of-stake (PoS) Beacon Chain. Joining "First Mover" to discuss Bellatrix and the Merge was Ethereum Protocol Developer Preston Van Loon. Also, Michael Venuto of Toroso Investments provided crypto markets analysis, and Nick Maynard of Juniper Research explained new research on non-fungible tokens (NFT). Headlines Crypto Exchange KuCoin Highlights Flaws in DeFi Platform Acala\'s Post-Exploit Proposal: The exchange has pinpointed several mistakes in the platform’s data on erroneously issued stablecoins. Bitcoin Dips Below $19K, Hitting Lowest Point in Two Months: The price fell to $18,680 on Tuesday, a point not seen since late June. The Fed Wants You to Lose Money in Stocks and Probably Crypto, Too: Monetary policy works through financial conditions, including equities and consequently crypto, which has been highly correlated with the equity market. UK’s Truss Picks Kwasi Kwarteng to Be Finance Minister: Since 2021, Kwarteng has overseen the government’s business, energy and industrial strategy department, which has supported blockchain innovation. Voyager Kept Taking Buy Orders After Freezing Crypto Transfers; Now, This Trader Is Stuck: “Why did they fill my buy order” after the firm had already shut trading, deposits and withdrawals down? Shaik Taj Baba asked.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin falls below $19K after a late Tuesday plunge.\nInsights:Binance’s USDC swap out isn’t what you think it is.\nCatch the latest episodes ofCoinDesk TVfor insightful interviews with crypto industry leaders and analysis. Andsign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context.\n●Bitcoin (BTC): $18,857−6.3%\n●Ether (ETH): $1,538−8.0%\n●S&P 500 daily close: 3,908.19−0.4%\n●Gold: $1,707 per troy ounce+NaN%\n●Ten-year Treasury yield daily close: 3.34%+0.1\nBitcoin, ether and gold prices are taken a Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-09-07 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $365,309,385,875 - Hash Rate: 224822128.92014512 - Transaction Count: 265239.0 - Unique Addresses: 676262.0 Social & AI Sentiment: - Fear & Greed Index: 0.24 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Latin American crypto company Ripio has started rolling out a prepaid debit card in Brazil that allows payments to be made in cryptocurrency and earns cashback rewards in bitcoin, Ripio CEO Sebastian Serrano told CoinDesk. The company hopes to release 250,000 cards, which were developed in partnership with Visa (V), by the end of the year, offering the product to the one million users it has in the South American country, the company said, adding that the digital version of the card is already available. The card will allow payments using Brazilian reals and the 28 cryptocurrencies Ripio has listed on its platform, the company said. Serrano said Ripio is considering adding rewards in cryptocurrencies other than bitcoin (BTC). The company also plans to launch the card in Argentina later this year, Serrano said, and is not ruling out rolling it out in other countries where the firm operates, such as Uruguay, Colombia, Mexico and Spain. Read more:Binance Joins Argentina’s Crypto Prepaid Cards Boom In Brazil, Ripio currently operates under its own brand and that of BitcoinTrade, a crypto exchangeit acquiredin January 2021, which had 300,000 users at the time of the acquisition. By the end of 2022, BitcoinTrade will be renamed Ripio, Serrano added. In Brazil, Ripio recentlyworked on the development of Mercado Coin, a cryptocurrency launched last week by Mercado Libre (MELI), Latin America's largest e-commerce company by market cap. Ripio also provides the custody and trading service of Mercado Coin in Mercado Pago, Mercado Libre's digital wallet. “This is the first large tokenization project and the first very large company in Latin America to integrate crypto, but we also believe that this is something that is going to become much more widespread and we want to be catalysts for the future,” Serrano said. Ripio has also built a business-to-business team to provide white-label crypto products for other firms in the region. And in July, Ripio launched a Web3 wallet called Ripio Portal, which allows users to connect to decentralized applications and decentralized finance (DeFi) protocols, as well as collect non-fungible tokens (NFT). Last September, the companyraised $50 million in a Series B funding roundled by blockchain investment firm Digital Currency Group (DCG). DCG owns CoinDesk as an independent subsidiary. Serrano said Ripio has no plans to raise new capital during 2022, said Serrano, who added that the company did not have any layoffs in 2022, but did slow its hiring pace starting in November. Ripio currently has 3.5 million users across Brazil, Argentina, Uruguay, Colombia, Mexico and Spain, according to Serrano. The company plans to start operations in Chile before the end of 2022, and to open offices in Peru, Ecuador, Bolivia and Paraguay next year, he added. Serrano said Ripio is not ruling strategic acquisitions to accelerate its growth in Latin America, although he declined to give additional details. Brazilian exchange Mercado Bitcoin leads the local market, with 3.8 million users. But this year, Latin American crypto exchange Bitso and fintech players Mercado Libre and Nubank announced they had each surpassed one million crypto users in Brazil. Read more:Why Brazil Is the Big Latin American Bet for Global Crypto Exchanges... - Reddit Posts (Sample): [['u/Historical-Code-4616', 'I loveee Crypto.com but I have a question :)', 52, '2022-09-07 00:55', 'https://www.reddit.com/r/Crypto_com/comments/x7ogvt/i_loveee_cryptocom_but_i_have_a_question/', 'What is the reason the prices are different from the ones on other exchanges? Is there a way to time this? For instance BTC says the price is currently $19,137 on my cdc mobile app, on all other exchanges it shows that BTC is $18,917 - Date 9/6/2022 5:53 CST- This is not a complaint as I am obsessed with the app but I do wonder why, Hoping someone can help me understand why this may be. I am less likely to purchase now due to the actual price being drastically different. Thanks so much!', 'https://www.reddit.com/r/Crypto_com/comments/x7ogvt/i_loveee_cryptocom_but_i_have_a_question/', 'x7ogvt', [['u/NewDark90', 84, '2022-09-07 02:46', 'https://www.reddit.com/r/Crypto_com/comments/x7ogvt/i_loveee_cryptocom_but_i_have_a_question/ine0807/', 'It\'s basically a hidden fee called a "spread"', 'x7ogvt'], ['u/InternationalRadio1', 40, '2022-09-07 02:47', 'https://www.reddit.com/r/Crypto_com/comments/x7ogvt/i_loveee_cryptocom_but_i_have_a_question/ine0a19/', "Probably cdc's enormous spread.", 'x7ogvt'], ['u/RC-5', 68, '2022-09-07 03:01', 'https://www.reddit.com/r/Crypto_com/comments/x7ogvt/i_loveee_cryptocom_but_i_have_a_question/ine2625/', 'What’s the reason?\n\nFor CDC to make money on your transactions.', 'x7ogvt'], ['u/1984_eyes_wide_shut', 10, '2022-09-07 03:11', 'https://www.reddit.com/r/Crypto_com/comments/x7ogvt/i_loveee_cryptocom_but_i_have_a_question/ine3klm/', 'Yes.', 'x7ogvt'], ['u/adamf514', 22, '2022-09-07 03:52', 'https://www.reddit.com/r/Crypto_com/comments/x7ogvt/i_loveee_cryptocom_but_i_have_a_question/ine95ly/', "It's how they pay for the Staples center lol 😂🤣", 'x7ogvt'], ['u/Blue4life90', 44, '2022-09-07 07:21', 'https://www.reddit.com/r/Crypto_com/comments/x7ogvt/i_loveee_cryptocom_but_i_have_a_question/inexj9c/', 'A lot of short answers here, lol\nWelcome to crypto, here goes:\n\nThis is going to be a little long but heres the gist.\n\nNo two exchanges, decentralized or centralized, will hold the same value for the cryptocurrency they hold. Why? Market marker algorithms are separate markets of the same product that independently affect price values.\n\nWhat does that mean?\nIn a market maker, there is a given amount of "liquidity" for the token or coin you\'re purchasing. Liquidity is simply the amount of coin/token available to be traded for another currency/coin/token, more often than not, tokens, must be purchased by the native coin of the blockchain its native to. I say traded, because in all of DeFi, there is no "purchasing" crypto. According to script, and code is law, there are only transfers for trade. Purchasing only applies to CeFi schematics (Centralized Finance)\n\nCoin: the native cryptocurrency of a given blockchain (Ex. Ethereum (ERC20), Cronos (CRC20), BNB (BEP20), etc..)\n\nToken: Smart Contract created assets derived from a native coins network (Ex. XSurge (BEP20), Uniswap (ERC20), etc..)\n\nSo for example. If you are trading for (purchasing) a BEP20 token through a DApp (non-centralized exchange in this instance), then you will route BNB through the dapp to be traded for the amount of BEP20 Tokens X amount of BNB is worth. \n\nFor tokens: There are two types of liquidity, the token supply and the backing asset. The fluctuating supply of both can determine the supply/demand of the Token thereby increasing or decreasing it\'s value. Its overall value rises primarily when there is more of the native coin backing it, or less supply.\n\nFor coins: a bit more difficult to explain, but think of a coin as a data ledger. Code is law of the economy. As the coin supply changes, the code conseqently adjusts the supply of the asset and readjusts value as the amount an individual is willing to pay may change. This is where we coin the term Market Cap, which will rise or fall based on supply and value of the asset. Its FAR more complicated than simply the amount of money in the coin itself, demand and value does not always shift simply due to added funds, it only helps. Also important to note that a market cap figures do not equal a 1:1 ratio between value and the amount of money in the system, its strictly a value determined by the price value and supply of itself, not soley its backing.\n\nOnto exchanges, Centralized exchanges utilize market makers to determine their own value. The way they do this is by having their own liquidity to supply investors. \n\nYou may have possibly heard back in the Robinhood hype days that when you buy crypto off robinhoods exchange, you do not really own that crypto. 100% true for any and all Centralized exchanges you buy from, including CDC. You simply have a stake in what they hold. For this reason, anything you hold on a Centralized exchange will never assist in increasing or decreasing the actual value of the asset, directly.\n\nIndirectly though, it might. Centralized Exchange (CEX) Market makers work by tracking the supply and demand of the assets in their liquidity rations. The exchanges rations vary to match (at it\'s best) the actual value of the crypto on the blockchain by buying and selling where necessary. It\'s not always a perfect formula, some exchanges requiring human intervention I\'ve noticed vary across the charts, however CDC I\'ve noticed maintains a slightly higher threshold. Possibly because of what some here have said, to cover the fees and trading expenses, but who knows really?\n\nAll Market Makers (MM) may vary across all exchanges and always operate independently of one another. There are many types as well. Some CEX MMs require a lot of human intervention. Some operate with very little, and some require none at all. If you\'ve ever used a Decentralized Exchange (DEX) such as Uniswap or PancakeSwap for instance, these are entirely coded market entities that control each and every transaction autonomously through smart contract code alone. They as well, hold their own value to match at best the coins actual economic value. If you\'ve ever looked at a chart through a data tracking service like CoinMarketCap or CoinGecko, they primarily use Decentralized exchange data to receive their values, some different than others. Datatrackers values also vary frequently.\n\nDEX AutoMM still work in basically the same way as CEX\'s requiring rations of liquidity to perform transactions, however, there are many different types to look into if you\'re interested, Constant Product MM Equation being the most popular for instance.\n\nHopefully now it makes a bit more sense, so again. Market marker algorithms are separate markets of the same product that independently affect its value.\n\nHope this helps', 'x7ogvt'], ['u/jwz9904', 10, '2022-09-07 07:24', 'https://www.reddit.com/r/Crypto_com/comments/x7ogvt/i_loveee_cryptocom_but_i_have_a_question/inexsh5/', 'you loveee something that rips you off.', 'x7ogvt'], ['u/ImTheBestSecretAgent', 31, '2022-09-07 13:37', 'https://www.reddit.com/r/Crypto_com/comments/x7ogvt/i_loveee_cryptocom_but_i_have_a_question/infrr9j/', 'And the so called "spread" is theft in clear daylight.', 'x7ogvt']]], ['u/_Wince_', 'What if the price of BTC continued to plummet during a halving?', 108, '2022-09-07 01:34', 'https://www.reddit.com/r/Bitcoin/comments/x7pe3x/what_if_the_price_of_btc_continued_to_plummet/', "I don't think this is likely, just hypothetical. Curious what you guys think.\n\nLet's say there's a new world war. And it isn't a thermonuclear mass extinction war. Let's say it's on par with WWII. Maybe nuke a couple cities at the end to finally end the war.\n\nI think the price of BTC would plummet in such an event. What if it plummeted so low during a halving that miners could no longer recoup their expenses? I guess a lot of assets would get wrecked during a world war. But is BTC uniquely vulnerable?", 'https://www.reddit.com/r/Bitcoin/comments/x7pe3x/what_if_the_price_of_btc_continued_to_plummet/', 'x7pe3x', [['u/iflyplanes', 69, '2022-09-07 01:41', 'https://www.reddit.com/r/Bitcoin/comments/x7pe3x/what_if_the_price_of_btc_continued_to_plummet/indrmq0/', "Fewer miners would mine. People would call an end to the Bitcoin Experiment for the 40000th time. Bitcoin would continue to chug along doing it's own thing not caring about the price. Then it would start to get attention again and show that it can't be killed by outside influence.", 'x7pe3x'], ['u/_Wince_', 12, '2022-09-07 01:42', 'https://www.reddit.com/r/Bitcoin/comments/x7pe3x/what_if_the_price_of_btc_continued_to_plummet/indrvc0/', "I'm imagining people mining bitcoin on their laptops again just to keep it alive. I don't think the ledger would cease to exist, so we'd still have our stack. It would just be dark times I guess", 'x7pe3x'], ['u/infopocalypse', 10, '2022-09-07 01:58', 'https://www.reddit.com/r/Bitcoin/comments/x7pe3x/what_if_the_price_of_btc_continued_to_plummet/indtvdi/', "There are ways like Satellite or Ham radio to send. But the common users won't know how to do that.", 'x7pe3x'], ['u/infopocalypse', 70, '2022-09-07 02:01', 'https://www.reddit.com/r/Bitcoin/comments/x7pe3x/what_if_the_price_of_btc_continued_to_plummet/indu8mv/', 'I would also point out in war times countries go crazy printing money. And btc is a way to avoid sanctions. So war actually would have some positives for btc.', 'x7pe3x'], ['u/CidVilas', 13, '2022-09-07 02:45', 'https://www.reddit.com/r/Bitcoin/comments/x7pe3x/what_if_the_price_of_btc_continued_to_plummet/ine000z/', 'Laptops are unlikely. ASICs are just too powerful. As the difficulty adjusts and the mining expenses outweighs cost to mine, some will go offline. There will be some oscillation as some begin to be profitable and back to not profitable until we reach equilibrium again.', 'x7pe3x'], ['u/_Wince_', 16, '2022-09-07 02:50', 'https://www.reddit.com/r/Bitcoin/comments/x7pe3x/what_if_... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening:\nPrices:Cryptos rallied late Wednesday, with bitcoin topping $19K again and ether rising above $1.6K\nInsights:DeFi companies that once intended to dethrone large financial institutions are now targeting them.\nCatch the latest episodes ofCoinDesk TVfor insightful interviews with crypto industry leaders and analysis. Andsign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context.\n●Bitcoin (BTC): $19,310+2.5%\n●Ether (ETH): $1,627+5.8%\n●S&P 500 daily close: 3,979.87+1.8%\n●Gold: $1,727 per troy ounce+1.6%\n●Ten-year Treasury yield daily close: 3.26%−0.07\nBitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found atcoindesk.com/indices.\nCryptos Rally Late Wednesday\nBy James Rubin\nCryptocurrencies found a late spark Wednesday to regain ground lost in a plunge little more than 24 hours earlier.\nBitcoin was recently trading at about $19,300, up more than 2% for this period after falling to $18,558 on Tuesday, its lowest level in two months. The largest cryptocurrency by market cap is now struggling to maintain support above $19,000 as investors shrink from the same Federal Reserve monetary hawkishness and macroeconomic uncertainty that have plagued riskier assets for months.\n"There was probably a lot of period of time for bitcoin where the macro factors probably didn\'t matter, but to the extent that the goal is to be more mainstream, the more mainstream it becomes, the more it\'s affected by mainstream things," Noah Hamman, CEO of investment management company AdvisorShares, told CoinDesk TV\'s "First Mover" program.\nEther continued its recent trend of outperforming bitcoin, rising nearly 6% to trade over $1,630 as crypto markets recovered some of their excitement for the Merge, which shifts the Ethereum blockchain from proof-of-work to more energy-efficient proof-of-stake. On Tuesday, the second largest crypto in value had plummeted below $1,500 for the first time in more than a week.\nAmong other major altcoins, ALGO, the token of proof-of-stake, carbon-negative blockchain network Algorand, recently rose more than 6% after the company announced a protocol upgrade. YGG and CRV jumped more than 12% and 11%, respectively.\nEquity markets\nEquity markets closed higher amid at least a temporary lull in risk-averse sentiment with the tech-focused Nasdaq and S&P 500 both spiking about 2% and the Dow Jones Industrial Average (DJIA) climbing nearly 1.5%. On Wednesday, markets receivedfresh signalsthat the Federal Reserve Reserve will approve a third consecutive 75 basis point interest rate hike with several Fed officials in separate speeches reiterating the bank\'s commitment to tame inflation. The Fed has boosted interest rates at its fastest pace in about four decades.\n“We are in this for as long as it takes to get inflation down,” Fed Vice Chairwoman Lael Brainard said Wednesday in aspeechat a banking conference in New York.\nIn her remarks, Brainard also said the cryptocurrency market bears similar risks to traditional finance, but will need new regulations for situations not covered by existing laws. Given the unique characteristics of crypto, there\'s a need for “creating clear regulatory guardrails," she said.\nBrainard alsorestatedher position about the risk of stablecoins. “Stablecoins is one of those areas that I think has the most potential for risk if not properly regulated and of course those risks can easily spill into the main core financial system because of the runnable nature of stablecoins,” she said.\n[{"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+8.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Ethereum", "Ticker": "ETH", "Returns": "+5.9%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "+5.8%", "DACS Sector": "Computing"}]\nThere are no losers in CoinDesk 20 today.\nWhy DeFi Companies Are Targeting Institutional Investors\nBy Shaurya Malwa\nSEOUL, South Korea – Decentralized finance (DeFi) companies are increasingly targeting a sector they once looked to usurp: traditional finance players and institutional investors.\nThe shift is interestingly consistent. Ethereum lending projects Aave and Compound started offering institutional versions of their products in 2021, while Maker brought an SME loans platform called Monetalis into the Maker fold, with Maker as the sole backer –despite token holders’ opposition.\nThe offerings are not lowball efforts arising from a bear market either. A cohort of “institutional DeFi” (decentralized finance) is growing at a significant pace as well,as per reports.Some research firms even pegthe niche sector to attract over $1 trillion in capital from investors over the next five years.\nSuch moves are a shift from the past ethos of DeFi, which formed in the deep bear market of 2019 as an antidote to TradFi, or traditional finance. A then-sparsely populated Telegram group – just called “DeFi” – had budding protocol builders and users discuss and envision a world where smart contracts wholly govern the supply of finance to users, one where TradFi had no reach.\nThe Telegram group counted among its many participants the-then unknown developers and investors such as Synthetix\'s Kain Warwick, Yearn\'s Artem K, DeFiance Capital\'s Arthur Cheong and Compound\'s Robert Leshner, among several others, who have since evolved into DeFi superstars. But developments of today are a near 180-degree shift from that TradFi-free world.\nGoing \'where the growth is\'\nWhat changed? As per Maker developer Nik Kunkel, it\'s all about “where the growth is.”\n“If you go to an institution, they\'re gonna borrow $100 million. We have people who want to borrow a billion (dollars) from us,” Kunkel said during August’s BuildAsia conference in Seoul. “Trying to get that critical mass of retail users that you need to get $500 million in total loans is really difficult, right?”\nKunkel added that the cost of user acquisition for a retail participant remains high, as opposed to marketing products to institutions that provide a “better bang for your buck” in terms of where a project spends its resources.\nThe sentiment was seconded by Doo Wan Nam, founder of governance-focused crypto fund StableNode. “Many DeFi ecosystems have been aware that user base as well as liquidity can be greatly enhanced via working with TradFi,” Doo told CoinDesk.\nThe likes of Doo say DeFi is not that far off from its promise either. “I would also add that a lot of DeFi ethos was also about educating and revolutionizing the current financial system – which is still applicable,” he said over a Telegram message.\nStill, Maker’s Kunkel says the recent push for institutional catering doesn’t mean that the project isn’t about retail anymore.\n“There\'s different initiatives to serve different purposes. So I think on the growth side we\'re looking more towards institutions, but when it comes to “banking the unbanked,” and that\'s where layer two comes in,” Kunkel said.\n“It\'s too expensive to transact [ether] on a layer one [blockchain]. You can\'t tell someone in Africa or someone in Paraguay that they need to spend $20 on gas costs. That\'s not feasible.”\n“That\'s where the push for layer two [companion blockchain] comes in,” Kunkel noted, adding that fees on such systems were “less than $1 right now” and that future simulations run by the team show that transaction costs gradually “become insignificant.”\nLayer 2 refers to a set of off-chain systems or separate blockchains built on top of layer 1, or base, blockchains. This software bundles multiple off-chain transactions into a single layer 1 transaction, which helps reduce the data load, leading to faster network transactions at lower costs.\nPractising Law Institute: The SEC Speaks in 2022\n1 p.m. HKT/SGT(5 a.m. UTC):Japan Eco Watchers Survey(August/current/outlook)\n8:15 p.m. HKT/SGT(12:15 p.m. UTC):European Central Bank monetary policy statement\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nSignature Bank’s Crypto Outflows Mitigated by Growth in Core Deposits, Wedbush Says:The bank’s spot deposits fell $1.64 billion driven by outflows in digital asset banking of $4.27 billion.\nBitcoin Bets Look Bearish as Futures Trading Hits Record Level:The number of outstanding futures and perpetual contracts on bitcoin rises to a record, and traders are paying up to bet on further price declines – in a market that\'s already bearish.\nCelsius \'Misled\' Investors About Crypto Lender\'s Financial Health, Vermont Regulator Alleges:The Vermont regulator also said the crypto lender\'s treatment of investors funds "suggests" it operated with a Ponzi-like structure.\nBitcoin Miner CleanSpark Buys 10K New Machines for $28M After Discounts, Credits:The company has been taking advantage of opportunities to expand in the bear market.', 'Good morning. Here’s what’s happening: Prices: Cryptos rallied late Wednesday, with bitcoin topping $19K again and ether rising above $1.6K Insights: DeFi companies that once intended to dethrone large financial institutions are now targeting them. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. And sign up for First Mover , our daily newsletter putting the latest moves in crypto markets in context. Prices ● Bitcoin ( BTC ): $19,310 +2.5% ● Ether ( ETH ): $1,627 +5.8% ● S&P 500 daily close: 3,979.87 +1.8% ● Gold: $1,727 per troy ounce +1.6% ● Ten-year Treasury yield daily close: 3.26% −0.07 Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinD Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-09-08 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $368,243,771,010 - Hash Rate: 195564454.60861945 - Transaction Count: 262863.0 - Unique Addresses: 685564.0 Social & AI Sentiment: - Fear & Greed Index: 0.20 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: A woman is going viral on TikTok thanks to her advice for “de-escalating” encounters with potential porch pirates. The praiseworthy tip comes courtesy of user @thisandthat_420 , who goes by the name Dra online. Her clip describes how a spur-of-the-moment decision led to her saving a neighbor’s package from a possible thief. Dra says she was entering her apartment when she encountered a man she’d never seen before. The man was trying to lift a large box, which was seemingly addressed to her neighbor, Nicole. Bitcoin vs. gold: Which is the better inflation hedge? The TikToker was worried there was something sketchy going on. But instead of freaking out, she remained calm as she confronted the man. “I was like, ‘Oh my God, hey! Do you need help? Are you here helping Nicole?'” she said, reenacting the exchange. Dra said the man reacted strangely, so she doubled down and said she too would help with the package . Furthermore, she told him that her neighbor Nicole was on her way down. All the while, the man was allegedly “inching” the package further away from the building. By now, he’d made it across the street. So Dra kept talking to him. “I was just trying to buy some time,” she said. “I was like, what is this guy doing? Can you please stop? But I can’t just accuse him.” She eventually grabbed hold of the package, acting like she wanted to help him carry it. As the man kept pulling it away from the building, she held her ground. Euphoria' star Angus Cloud shares 'changes' that have come along with fame: “I was like, ‘I don’t think this is the right direction, we need to go back this way,'” she said. After another awkward exchange, the man eventually gave up. At the end of the clip, Dra confirmed that the package was in fact meant for her neighbor. “My neighbor now has her table,” she said. “And it was never escalated.” Dra drew plenty of praise for how she handled the situation. Many argued that her story was sound advice for others in the same situation. Story continues “This is excellent de-escalation,” one user wrote. “Anti-escalation queen!!” another added. “Mad respect that you handled this and didn’t get police involved, you’re a great neighbor.” Watch this Brooklyn bedroom go from drab to fabulous in one day: The post Woman shares the ‘brilliant’ way she stopped an alleged porch pirate from stealing her neighbor’s package appeared first on In The Know . More from In The Know: TikTokers want to 'gatekeep' books now that reading is 'cool': 'It just blows my mind' Jeweler exposes cheating husband with subtle secret message: 'Oops' Woman baffles TikTok with freaky optical illusion: 'That scared me' Lenovo's newest and most advanced laptop is 59% off on Amazon for a limited time... - Reddit Posts (Sample): [['u/BedSolid9557', 'What really is a "Bottom".', 10, '2022-09-08 04:33', 'https://www.reddit.com/r/CryptoCurrency/comments/x8o3cp/what_really_is_a_bottom/', 'Whenever I look at these posts obviously folks are either genuinely trying to find it so to speak or perhaps Moon farming, aren\'t we looking at what really comprises the actions of price points? Supply and demand clearly however the charts always behave in a cyclical manner and given the amount of wallets in limbo the high functioning coins never get below their previous "bottom" it\'s like looking at Bitcoin at $4K not too long ago such a price point is likely to never materialize again. If you\'re in it for the long haul even at a dollar at a time, you\'re going to do better than most anyone, unless you\'ve got your mind or a bot programmed to short term quarterly profits we seem flat most of the time during the bears, and an Everest that looks like a blip by the next bull. 🤷.', 'https://www.reddit.com/r/CryptoCurrency/comments/x8o3cp/what_really_is_a_bottom/', 'x8o3cp', [['u/BlubberWall', 49, '2022-09-08 04:37', 'https://www.reddit.com/r/CryptoCurrency/comments/x8o3cp/what_really_is_a_bottom/injf4wn/', 'I can’t be the only person holding back a joke after reading that title right?', 'x8o3cp'], ['u/Business-Typical', 10, '2022-09-08 04:52', 'https://www.reddit.com/r/CryptoCurrency/comments/x8o3cp/what_really_is_a_bottom/injgzhr/', 'The only reason I clicked', 'x8o3cp'], ['u/JustDownInTheMines', 12, '2022-09-08 04:57', 'https://www.reddit.com/r/CryptoCurrency/comments/x8o3cp/what_really_is_a_bottom/injhj54/', '"\'A power bottom is a bottom that is capable of recieving an enormous amount of power.\'\n\n\'Actually Mac, you\'ve got it backwards. You see, the power bottom is actually generating the power by doing most of the work.\'"', 'x8o3cp']]], ['u/SandwichesTheIguana', "DISCUSSION: In a league dominated by Latino superstars, it's inexcusable that MLB/Nike do not offer a way to buy authentic jerseys from players like José Ramírez", 502, '2022-09-08 04:54', 'https://www.reddit.com/r/baseball/comments/x8ojg1/discussion_in_a_league_dominated_by_latino/', 'Did you know?\n\nTo buy most any authentic MLB jersey with a player name and number, you must us the "Custom" jersey option, where you can either type in the name you want, or select from a drop-down menu of players on the team.\n\nBut *these menus don\'t include any players with accented vowels or consonants in their names, and trying to type them in manually produces an error that cannot be worked around.\n\nSo for the Guardians, I can get a Will Benson jersey, but not a José Ramírez or Andrés Giménez jersey.\n\nThere is no way to achieve this, through calling the Team Shop, ordering online, or contacting Nike.*\n\nJRam is a perennial MVP candidate, and the most popular player in Cleveland. And countless Latino players are huge sensations around the league and have been for decades.\n\nBut you want to buy a jersey for a player, even a phenom, who has an accented letter in his name? You\'re SOL.\n\nWhy the MLB hasn\'t solved a problem that probably amounts to crappy coding on their websites (it\'s clear from what the players wear on field that it isn\'t a manufacturing issue) completely blows my mind.\n\nEDIT: As an example, here is [a screenshot showing you cannot buy an authentic version of José Ramírez\'s jersey](https://i.imgur.com/yL0hApf.png), as he isn\'t listed. And [here is the link where you can see for yourself](https://www.mlbshop.com/mens_nike_white_cleveland_guardians_official_authentic_custom_jersey/t-36770858+o-1232+d-898444340+f-1727371+z-9-595453090?utm_medium=cse&_s=ak1944mlb-pla&sku=17456065&targetid=targetid&targetid=pla-336538353297&gclid=Cj0KCQjwguGYBhDRARIsAHgRm48LTfTQyKlknb15datFhiD2Eh-kYbTc0RKTymb18xwOicsKvepbAB0aAn6gEALw_wcB).', 'https://www.reddit.com/r/baseball/comments/x8ojg1/discussion_in_a_league_dominated_by_latino/', 'x8ojg1', [['u/Macdaddy4prez', 21, '2022-09-08 04:58', 'https://www.reddit.com/r/baseball/comments/x8ojg1/discussion_in_a_league_dominated_by_latino/injhlnm/', "I think he's saying you can't use accents", 'x8ojg1'], ['u/MattO2000', 43, '2022-09-08 04:58', 'https://www.reddit.com/r/baseball/comments/x8ojg1/discussion_in_a_league_dominated_by_latino/injhlve/', 'Yeah that’s pretty messed up', 'x8ojg1'], ['u/MattO2000', 15, '2022-09-08 05:01', 'https://www.reddit.com/r/baseball/comments/x8ojg1/discussion_in_a_league_dominated_by_latino/inji2bk/', 'The point is they aren’t “authentic” because the players wear names with accents and the website doesn’t have that.', 'x8ojg1'], ['u/SandwichesTheIguana', 20, '2022-09-08 05:02', 'https://www.reddit.com/r/baseball/comments/x8ojg1/discussion_in_a_league_dominated_by_latino/inji44i/', 'I changed the wording to make it more clear, but rather than having pages selling, say, an "Authentic Albert Pujols Jersey," you instead must go to one of the Cardinal\'s "Authentic Custom Jersey" pages and select Pujols from a drop-down menu of options.\n\nBut if the player has an accented vowel or a tilda in their last name, you cannot buy their jersey as it appears on the field, and they don\'t offer it. You also can\'t custom-order it. It breaks the website, and they can\'t do it over the phone either.\n\nJRam\'s on-field jerseys have an accent over the I. You can get a replica, but you CANNOT get an authentic. It is not possible.', 'x8ojg1'], ['u/SandwichesTheIguana', 50, '2022-09-08 05:05', 'https://www.reddit.com/r/baseball/comments/x8ojg1/discussion_in_a_league_dominated_by_latino/injihy0/', "And a more careful one shows that it isn't authentic, which is the topic of this thread.\n\nThe only ones with accents are replica jerseys, which are cheaper and don't have the arm patch.", 'x8ojg1'], ['u/GilliesGladiator', 20, '2022-09-08 05:06', 'https://www.reddit.com/r/baseball/comments/x8ojg1/discussion_in_a_league_dominated_by_latino/injil2n/', 'Idk about Ramirez but Acuña was pretty easy to get as a Braves fan.', 'x8ojg1'], ['u/doc_faced', 133, '2022-09-08 05:08', 'https://www.reddit.com/r/baseball/comments/x8ojg1/discussion_in_a_league_dominated_by_latino/injiuml/', "....the fuck? \n\nWait. So does this mean you couldn't get an authentic jersey for Ronald Acuña Jr. or does this only apply to accent marks (e.g. í) and not the tilde (ñ)? \n\nEither way, that's ridiculous. It's literally a tiny piece of fabric to be sewn on.", 'x8ojg1'], ['u/ClasesCutter', 13, '2022-09-08 05:08', 'https://www.reddit.com/r/baseball/comments/x8ojg1/discussion_in_a_league_dominated_by_latino/injiwck/', 'Kind of ridiculous you’re being downvoted just because others didn’t read the post closely enough or don’t understand the distinction between the types of jerseys.', 'x8ojg1'], ['u/doc_faced', 10, '2022-09-08 05:09', 'https://www.reddit.com/r/baseball/comments/x8ojg1/discussion_in_a_league_dominated_by_latino/injj12q/', 'My guess is (what is referred to in English as) the tilde (ñ) is gettable but the other accent marks (e.g. the í in Ramirez) are not.', 'x8ojg1'], ['u/SandwichesTheIguana', 98, '2022-09-08 05:15', 'https://www.reddit.com/r/baseball/comments/x8ojg1/discussion_in_a_league_dominated_by_latino/injjq3w/', '~~Correct.~~ [~~You cannot get an authentic Acuña jersey~~](https://i.imgur.com/BqlVD0W.png)~~.~~\n\nEDIT: Acuña seems to be [one of very few players with dedicated pages for his authentic jersey](https://www.mlbshop.com/ronald-acu%C3%B1a-jr-jerseys-authentic/a-2323430640+d-3461446736-37523+z-9-1249832632?_ref=p-DLP:m-SIDE_NAV), which is great for Braves fans! But the recent WS champ is an outlier in this space.', 'x8ojg1'], ['u/Im_Daydrunk', 190, '2022-09-08 05:23', 'https://www.reddit.com/r/baseball/comments/x8ojg1/discussion_in_a_league_dominated_by_latino/injkl6s/', "I agree that's fucked up. Its the real name of the players and the ones they have on jerseys. Super silly you can't even custom order them \n\nI'm actually surprised it's not brought up more as for many of those guys I'm sure its Insulting Nike won't sell jerseys with their actual last name because its got something different about it. Like they help bring massive popularity to the game and star in commercials but Nike cant be bothered to sell jerseys with a small accent mark", 'x8ojg1'], ['u/ddbaxte', 15, '2022-09-08 05:26', 'https://www.reddit.com/r/baseball/comments/x8ojg1/discussion_in_a_league_dominated_by_latino/injkzqb/', "? Road Jerseys aren't currently available, but home & alternate are. Hopefully link shortening nonsense doesn't mess up the links, but authentic Acuña jerseys w/ accent are available. Stop being snarky.\n\n[https://www.fanatics.com/mlb/atlanta-braves/ronald-acuna-jr-atlanta-braves-nike-home-authentic-player-jersey-white/o-7843+t-14997450+p-9261988489+z-8-3518552678?\\_ref=p-SRP:m-GRID:i-r0c1:po-1](https://www.fanatics.com/mlb/atlanta-braves/ronald-acuna-jr-atlanta-braves-nike-home-authentic-player-jersey-white/o-7843+t-14997450+p-9261988489+z-8-3518552678?_ref=p-SRP:m-GRID:i-r0c1:po-1)\n\n[https://www.fanatics.com/mlb/atlanta-braves/ronald-acuna-jr-atlanta-braves-nike-alternate-authentic-player-jersey-navy/o-2332+t-92005249+p-58502167200+z-9-3434759094?\\_ref=p-SRP:m-GRID:i-r0c0:po-0](https://www.fanatics.com/mlb/atlanta-braves/ronald-acuna-jr-atlanta-braves-nike-alternate-authentic-player-jersey-navy/o-2332+t-92005249+p-58502167200+z-9-3434759094?_ref=p-SRP:m-GRID:i-r0c0:po-0)", 'x8ojg1'], ['u/zeppelin_007', 13, '2022-09-08 05:27', 'https://www.reddit.com/r/baseball/comments/x8ojg1/discussion_in_a_league_dominated_by_latino/injl3x1/', "I'm genuinely not being shitty here, but can you please explain the difference between authentic and replica?", 'x8ojg1'], ['u/basesonballs', 11, '2022-09-08 05:28', 'https://www.reddit.com/r/baseball/comments/x8ojg1/discussion_in_a_league_dominated_by_latino/injla3i/', "I think this is just an oversight. You can get other players authentic's jerseys with accents no problem \... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Vancouver, British Columbia--(Newsfile Corp. - September 8, 2022) - iMining Technologies Inc. (TSXV: IMIN) (the "Company" or "iMining") announces that momentum in Alberta\'s technology investment sector continues to build as Canadian based iMining and Invest Alberta, have signed a Memorandum of Understanding (MOU) to support the expansion of iMining and its subsidiaries,BitBit Financial and Metaverse Advisory Group,within the Province of Alberta announcing plans today to relocate its head office to Calgary.\nUnder the terms of the MOU, Invest Alberta will work with iMining and its subsidiaries to navigate the regulatory ecosystem, optimizing federal and provincial programs supporting transformative energy innovation, technology and fintech in the province. Alberta is one of the provinces currently working on favorable blockchain and crypto regulations. In return, iMining has announced plans to relocate its head office to Calgary and make Alberta its global headquarters. iMining is committed to bringing investment into the province and plans to create forty high-quality jobs within the next thirty-six months and anticipates a further investment of $50 million in growth and expansion projects.\nThe Company is a Web 3.0 pioneer in Decentralized Finance and has 4 strategic business operations which includes digital asset mining and digital asset trading in addition to providing Web3.0 solutions to its clients. iMining has recently funded a white paper produced by the Canadian Blockchain Consortium, highlighting how the Blockchain Technology can enhance Alberta\'s economy. This white paper was launched at the Alberta Technology Symposium. Additionally, iMining has recently sponsored the AI Week presented by the Alberta Machine Intelligence Institute in Edmonton.\nThe vast natural gas resources in Alberta and the cool weather make Alberta an ideal place for digital currency mining. Bitcoin Mining Centers and Data Centers have the potential to supply computing power needs for Bitcoin miners and many Artificial Intelligence and Machine Learning activities, including those in Alberta\'s oil and gas, fintech, creative, technology and renewable energy sectors. iMining has designed a bitcoin mining ecosystem that will create commercially viable solutions for the stranded gas wells across Alberta.\niMining looks to further develop the blockchain technology and Web3 ecosystem, coupled with how Alberta can take advantage of the technologies of the future in the Oil and Gas and the energy sectors.\n"Alberta\'s tech sector continues to grow and it is encouraging to have iMining Technologies identify our province as the best place for their business. This MOU sets the stage for the further growth and development of blockchain technologies across multiple industries and I look forward to seeing the development and marketing of more made-in-Alberta solutions."Tanya Fir, Minister of Jobs, Economy and Innovation\n"With an abundant supply of natural gas, our low corporate tax rate, reduced red tape, and a highly skilled workforce, Alberta presents an enormous opportunity for iMining. We are committed to diversifying our energy sector, and digital currency mining presents another opportunity to do just that and create jobs for hundreds of Albertans, while ensuring our resources are used to their fullest extent."Dale Nally, Associate Minister of Natural Gas and Electricity\n"Alberta is embracing digital transformation and changing the way finance works. There is enormous potential for blockchain technology to add value to our thriving technology ecosystem, paired with a world-leading oil and gas sector in Alberta and supported by a skilled workforce. We look forward to welcoming iMining to Alberta as more companies see the province as a destination of choice for global investment."Rick Christiaanse, CEO, Invest Alberta\n"Blockchain technology provides a clear pathway for the Alberta oil and gas industry to utilize stranded gas and develop regulatory and technology capabilities. Alberta can truly be a leader of the future economy and we are excited to work with Invest Alberta to make this happen."Khurram Shroff, CEO, iMining Technologies\nAbout iMining\niMining Technologies is helping to shape the Canadian blockchain and Cryptocurrency ecosystem. We are a driving force and a huge contributor in bringing the proof of stake technology to market.\nIncorporating a proprietary, best-in-class, staking, investing, and mining process, iMining ensures robust security, reliability, and scalability; while removing the technical complexity of deploying, managing validators, holding, or investing in Cryptocurrencies.\nLearn more atwww.imining.com\nAbout Invest Alberta\nInvest Alberta is dedicated to investment attraction, with a mandate to engage the world and provide high-end tailored support to companies, investors, and major new projects. With team members in key markets around the world, Invest Alberta works to break down barriers so investors and businesses can start up, scale up, and succeed without limits.\nLearn more atwww.investalberta.ca\nON BEHALF OF THE BOARD\nSigned "Khurram Shroff"Khurram Shroff, President & CEO\nFOR FURTHER INFORMATION, please contact:iMining Corporate Offices:Saleem Moosa, DirectorEmail:[email protected]: +1 (844) IMININC (464-6462)\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.\nForward-Looking Statements\nThis news release contains certain forward-looking statements, which relate to future events or future performance, and reflect management\'s current expectations and assumptions, and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, but not limited to, market conditions, availability of financing, actual results of activities, future cryptocurrency prices, operating risks, and other risks in the cryptocurrency industry. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR atwww.sedar.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by applicable law.\nTo view the source version of this press release, please visithttps://www.newsfilecorp.com/release/136452', 'Vancouver, British Columbia--(Newsfile Corp. - September 8, 2022) - iMining Technologies Inc. (TSXV: IMIN) (the "Company" or "iMining") announces that momentum in Alberta\'s technology investment sector continues to build as Canadian based iMining and Invest Alberta, have signed a Memorandum of Understanding (MOU) to support the expansion of iMining and its subsidiaries , BitBit Financial and Metaverse Advisory Group , within the Province of Alberta announcing plans today to relocate its head office to Calgary. Under the terms of the MOU, Invest Alberta will work with iMining and its subsidiaries to navigate the regulatory ecosystem, optimizing federal and provincial programs supporting transformative energy innovation, technology and fintech in the province. Alberta is one of the provinces currently working on favorable blockchain and crypto regulations. In return, iMining has announced plans to relocate its head office to Calgary and make Alberta its global headquarters. iMining is committed to bringing investment into the province and plans to create forty high-quality jobs within the next thirty-six months and anticipates a further investment of $50 million in growth and expansion projects. The Company is a Web 3.0 pioneer in Decentralized Finance and has 4 strategic business operations which includes digital asset mining and digital asset trading in addition to providing Web3.0 solutions to its clients. iMining has recently funded a white paper produced by the Canadian Blockchain Consortium, highlighting how the Blockchain Technology can enhance Alberta\'s economy. This white paper was launched at the Alberta Technology Symposium. Additionally, iMining has recently sponsored the AI Week presented by the Alberta Machine Intelligence Institute in Edmonton. The vast natural gas resources in Alberta and the cool weather make Alberta an ideal place for digital currency mining. Bitcoin Mining Centers and Data Centers have the potential to supply computing power needs for Bitcoin miners and many Artificial Intelligence and Machine Learning activities, including those in Alberta\'s oil and gas, fintech, creative, technology and renewable energy sectors. iMining has designed a bitcoin mining ecosystem that will create commercially viable solutions for the stranded gas wells across Alberta. Story continues iMining looks to further develop the blockchain technology and Web3 ecosystem, coupled with how Alberta can take advantage of the technologies of the future in the Oil and Gas and the energy sectors. "Alberta\'s tech sector continues to grow and it is encouraging to have iMining Technologies identify our province as the best place for their business. This MOU sets the stage for the further growth and development of blockchain technologies across multiple industries and I look forward to seeing the development and marketing of more made-in-Alberta solutions." Tanya Fir, Minister of Jobs, Economy and Innovation "With an abundant supply of natural gas, our low corporate tax rate, reduced red tape, and a highly skilled workforce, Alberta presents an enormous opportunity for iMining. We are committed to diversifying our energy sector, and digital currency mining presents anothe Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-09-09 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $401,581,319,688 - Hash Rate: 226362006.5154886 - Transaction Count: 290849.0 - Unique Addresses: 753468.0 Social & AI Sentiment: - Fear & Greed Index: 0.22 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: (Adds analyst comments, updates prices) By John McCrank and Saqib Iqbal Ahmed NEW YORK, Aug 31 (Reuters) - The dollar eased against a basket of currencies on Wednesday, but remained near the 2-decade high hit on Monday, as traders braced for more interest rate hikes from the U.S. Federal Reserve. The dollar index, which measures the greenback against a basket of six currencies, was last down 0.1% at 108.66, after earlier coming within a whisker of Monday's two-decade peak of 109.48. The index is on track for a rise of around 2.6% in August, its third-straight monthly gain. A steady line of Fed officials have reiterated support for further rate hikes to quell decades-high inflation, the latest being Cleveland Fed President Loretta Mester, who said on Wednesday that rates will have to rise to "somewhat above 4%" by early next year and then be held there for some time. The comments followed a hawkish speech from Fed Chair Jerome Powell at the Jackson Hole central banking symposium in Wyoming last week that slammed the door shut on the idea that the Fed might pivot and begin lowering rates by mid-2023. "We're still trading on Jackson Hole," said Joseph Trevisani, senior analyst at FXStreet.com. "The idea that they're going to do a 180 and reverse again if we end up with negative growth in the third quarter just doesn’t seem possible." Traders are now pricing in about a 68.5% chance of a 75 basis point Fed rate hike next month, according to data from Refinitiv. "All of these bets that came in late July about the Fed potentially pivoting have to unwind, and so that's meant we've got to buy dollars again because the Fed is not done," said Erik Bregar, director of FX & precious metals risk management at Silver Gold Bull. "The only real change we've had now is that we have an ECB (European Central Bank) that looks like it's desperate to catch up and so the rate spreads are helping euro-dollar kind of hang in there," he said. The euro rose back above parity with the dollar on Wednesday, but the outlook for the common currency remained mired in uncertainty amid a burgeoning energy crisis and recession fears. On Wednesday, Russia halted gas supplies from the Nord Stream 1 pipeline, intensifying an economic battle between Moscow and Brussels and raising the prospects of a recession and energy rationing in some of the world's richest countries. "The narrative that has helped the euro at the start of the week, which is an improvement in the gas story, is fading now, which we think will put a cap on euro-dollar," said ING currency strategist Francesco Pesole. The euro was last up 0.31% at $1.0047. Inflation in the euro zone rose to another record in August, beating expectations and solidifying the case for further big European Central Bank (ECB) rate hikes. A growing number of ECB officials have been calling for oversized rate hikes to combat surging inflation, which could exceed 10% in the coming months. Elsewhere, Norway's krone fell about 1.5% against the dollar after the country's central bank said it would buy more foreign currency for its sovereign wealth fund. Sterling was down 0.3% at $1.16185 and on pace for its worst month since October 2016 against the dollar with a drop of 4.6% as investors worry the British economy is slowing sharply just as inflation gathers pace. Bitcoin was up 0.73% to 19,963, but gains were capped as investors remained wary of risky assets. (Reporting by John McCrank and Saqib Iqbal Ahmed in New York; additional reporting by Samuel Indyk in London; Editing by Jonathan Oatis, Kirsten Donovan)... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['This article was originally published onETFTrends.com.\nSeptember has historically been one of the worst months for stocks, with returns averaging -0.34% for the 30-year period, -0.26% for the 15-year period and -0.92% for the five-year period, according to Bloomberg data. As you can see below, September is the only month when the market was down on average in every time period.\nThis, coupled with the fact that 2022 has already been a highly volatile year due to scorching inflation, rising interest rates, recessionary fears and a persistent war in Ukraine, means that investors may consider seeking a haven for their wealth. At the moment, cash appears to be king, with theU.S. dollar’s value at a 20-year high.\nLoyal readers know I also prefer gold and high-quality gold mining stocks, which I believe should make up no more than 10% of a conservative investor’s portfolio. Investors with a longer time horizon may consider between a 2% and 5% weighting in Bitcoin, which looks attractive now at around $20,000.\nThere are two additional macro risks that will make this September particularly interesting. The first is the Federal Reserve’s more aggressive stance against inflation. At this year’s Jackson Hole Economic Symposium, Fed Chair Jerome Powell admitted that rates will likely stay higher for longer to slow growth, which “will also bring some pain to households and businesses.”\nSome market watchers and analysts translate Powell’s words to mean that he is no longer interested in a soft landing. Instead, he may be seeking what economists call a “growth recession,” defined loosely as a period during which the economy is growing at such a slow pace that more jobs are being lost than added.\nWe’re not there yet, though August’s jobs report, released last Friday, could arguably be indicating a slowdown. An estimated 315,000 payrolls were added during the month, slightly exceeding some economists’ expectations but down significantly from July’s 526,000 jobs added.\nAnother indicator that the economy may be slowing? Lower oil prices. The price of West Texas Intermediate (WTI) crude fell for the third straight month in August, its longest losing streak since the beginning months of the pandemic in 2020. Just as it did then, oil could be telling us that global demand is slipping.\nThe second risk is the upcoming midterm elections. Market volatility has tended to be higher in advance of the November midterms, which are largely seen as a referendum on the incumbent president’s policies.\nHistorically, the political party in charge of the White House has lost seats in Congress during the first round of midterm elections. Notably, Democrats lost a whopping 63 seats in 2010, prompting then-President Barack Obama to call the defeat a “shellacking.” The most recent exception to the rule came in 2002 when Republicans picked up eight additional seats, suggesting Americans approved of President George W. Bush’s job as chief executive and commander-in-chief, particularly following the 9/11 attacks.\nI decline to make any predictions on this year’s midterm elections, other than to say that the most favorable outcomemay be a divided Congress.History shows that stocks have generally performed better when a Democrat was in the Oval Office but the U.S. House and Senate were split (though, admittedly, this arrangement has occurred far less frequently than others over the past 90 years).\nIn short, investors seem to prefer legislative gridlock. The day after the midterm elections in 2018, which saw the Democrats take control of the House and Republicans remain in control of the Senate, the S&P 500 jumped more than 2%.\nAs a reminder, we at U.S. Global Investors have no preference when it comes to political parties. It’s the policies that matter, and we believe there’s money to be made if you ignore the noise and follow the trendlines, not the headlines.\nBelow is the S&P 500’s performance from the start of each new presidency going back 30 years to the November midterm elections. Except for the second half of President Joe Biden’s term so far, and all of Bush’s first term—which had a series of unique challenges, including the remnants of the dotcom bubble, the Enron scandal and 9/11—stocks have generally headed higher no matter which party held the White House.\nHere’s another way to look at it: The market has been upthree out of every four yearsgoing all the way back to 1926. If your portfolio is down for the year right now, as it is for most investors, it may make sense statistically to put it out of mind for the time being instead of selling at a loss.\nThis strategy has worked well over a longer timeframe. For the past 84 years, selling S&P 500 stocks after holding them for 10 years has led to a realized loss in only three main instances: the late 1930s (due to the Great Depression and World War II), the mid- to late-1970s and early 1980s (due to oil shocks and high inflation) and the 2008-2009 financial crisis. In all other cases, holding stocks for 10 years or longer has been a profitable action; on average, investors doubled their investment. Today, the market is down about 12% over the past 12 months, but over the past 10 years, it’s up 240%.\nNot everyone has 10 years to make back their money, of course, which is part of the reason why I like to recommend gold. Gold wasone of the few bright spotsin the first half of 2022, helping investors mitigate losses in equities and bonds during an exceptionally volatile year.\nU.S Global Investors (NASDAQ: GROW) reported operating income of $11.1 million, a 36% increase year-over-year, and an operating margin of 45% for the fiscal year ended June 30. Get all the details by reading the press release,found here.\nOriginallypublishedby U.S. Global Investors on 6 September 2022.\nFor more news, information, and strategy, visitVettaFi.\nAll opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor. By clicking the link(s) above, you will be directed to a third-party website(s). U.S. Global Investors does not endorse all information supplied by this/these website(s) and is not responsible for its/their content.\nThe S&P 500 is widely regarded as the best single gauge of large-cap U.S. equities and serves as the foundation for a wide range of investment products. The index includes 500 leading companies and captures approximately 80% coverage of available market capitalization.\nPOPULAR ARTICLES AND RESOURCES FROM ETFTRENDS.COM\n• SPY ETF Quote\n• VOO ETF Quote\n• QQQ ETF Quote\n• VTI ETF Quote\n• JNUG ETF Quote\n• Top 34 Gold ETFs\n• Top 34 Oil ETFs\n• Top 57 Financials ETFs\n• Lessons Advisors Should Have Learned From 20 Years of SPIVA\n• Here’s How Investors Can Potentially Tame September Volatility\n• Future Proof Kicks Off This Weekend — And VettaFi Will Be There\n• Factor Investing – iShares Factor Strategies For The Core Of Your Portfolio\n• A Hedged Equity ETF Solution for the Market Challenges Ahead\nREAD MORE AT ETFTRENDS.COM >', "This article was originally published on ETFTrends.com. September has historically been one of the worst months for stocks, with returns averaging -0.34% for the 30-year period, -0.26% for the 15-year period and -0.92% for the five-year period, according to Bloomberg data. As you can see below, September is the only month when the market was down on average in every time period. September Has Historically Been a Challenge Month for Stocks This, coupled with the fact that 2022 has already been a highly volatile year due to scorching inflation, rising interest rates, recessionary fears and a persistent war in Ukraine, means that investors may consider seeking a haven for their wealth. At the moment, cash appears to be king, with the U.S. dollar’s value at a 20-year high. Loyal readers know I also prefer gold and high-quality gold mining stocks, which I believe should make up no more than 10% of a conservative investor’s portfolio. Investors with a longer time horizon may consider between a 2% and 5% weighting in Bitcoin, which looks attractive now at around $20,000. Two Additional Risks: The Fed And Midterm Elections There are two additional macro risks that will make this September particularly interesting. The first is the Federal Reserve’s more aggressive stance against inflation. At this year’s Jackson Hole Economic Symposium, Fed Chair Jerome Powell admitted that rates will likely stay higher for longer to slow growth, which “will also bring some pain to households and businesses.” Some market watchers and analysts translate Powell’s words to mean that he is no longer interested in a soft landing. Instead, he may be seeking what economists call a “growth recession,” defined loosely as a period during which the economy is growing at such a slow pace that more jobs are being lost than added. We’re not there yet, though August’s jobs report, released last Friday, could arguably be indicating a slowdown. An estimated 315,000 payrolls were added during the month, slightly exceeding some economists’ expectations but down significantly from July’s 526,000 jobs added. Story continues Another indicator that the economy may be slowing? Lower oil prices. The price of West Texas Intermediate (WTI) crude fell for the third straight month in August, its longest losing streak since the beginning months of the pandemic in 2020. Just as it did then, oil could be telling us that global demand is slipping. Oil Prices Set For Longesrt Monthly Losing Streak Since Early 2020 The second risk is the upcoming midterm elections. Market volatility has tended to be higher in advance of the November midterms, which are largely seen as a referendum on the incumbent president’s policies. Historically, the political party in charge of the White House has lost seats in Congress during the first round of midterm elections. Notably, Democrats lost a whopping 63 seats in 2010, prompting then-President Barack Ob Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-09-10 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $412,070,434,950 - Hash Rate: 241760782.4689232 - Transaction Count: 241936.0 - Unique Addresses: 646199.0 Social & AI Sentiment: - Fear & Greed Index: 0.28 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Coinsfera Bitcoinshop DUBAI, United Arab Emirates, July 18, 2022 (GLOBE NEWSWIRE) -- Coinsfera enables you to sell USDT (tether) in Dubai in the bear market. According to the company, you will be served by the dedicated staff at the office. Due to the recent volatility in the market, the demand for selling USDT in Dubai has increased. Crypto enthusiasts can decide to sell their BTC, Ethereum, and other cryptocurrency holdings and buy USDT to keep their assets in a stable currency. The USDT cryptocurrency has the feature of being stable against the USD. Tether Operations Limited pegs it since 2014 and as per their press release , it is considered the most transparent stablecoin. Coinsfera has worked with improved efficiency and effectiveness during the crypto volatile period in order to suit the demands of the clients. In only a few minutes, you can buy and sell USDT in Dubai at Coinsfera. During the period of market instability, the professional personnel operated under a more enhanced regime. OTC desk to sell USDT in Dubai As Coinsfera indicated in previous press releases , customers may purchase and sell USDT (tether) in Dubai without having to go through arduous processes. Unlike many other online crypto exchanges, Coinsfera prefers to keep the procedures simple and plain. Visitors sell USDT in Dubai only in 3 steps : Contact Coinsfera using Whatsapp or direct phone call Arrange a meeting Visit the Coinsfera crypto OTC desk and sell USDT quickly in Dubai During market bull and bear periods Coinsfera sticks to its fundamental goal of making crypto accessible for anyone who visits the OTC office. Customers can visit just with their ID or passports to utilize Coinsferas services. The best case is tourists or any other visitors can readily buy and sell USDT with their passports. Award-winning crypto exchange now enables to sell USDT in Dubai Coinsfera has been nominated for multiple awards in the crypto space. The work Coinsfera put in crypto since 2015 finally brought some awards to the shelf. Coinsfera participated in the largest blockchain conference of MENA and the Eurasia regions and has received an award as a consequence of active participation in the Blockchain Economy Summit. It is worth mentioning that this conference is one of the prestigious ones in the crypto sphere. Story continues About Coinsfera Coinsfera is a cryptocurrency OTC desk that operates in 4 countries namely, the UAE, Turkey, Kosovo, and the UK. Coinsfera has offices in the main cities of those countries such as Dubai and Istanbul. More than 2000+ cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Binance coin (BNB), and Ripple (XRP) can be bought and sold at Coinsfera offices. Name : Coinsfera Address : Jumeirah Lake Towers, Cluster F, Indigo-Icon tower - Office # 501 5th floor - Dubai - United Arab Emirates Phone : +971 58 535 0505 Email : [email protected]... - Reddit Posts (Sample): [['u/bigbowl_of_KIX', 'Bitcoin Maximalists', 38, '2022-09-10 02:16', 'https://www.reddit.com/r/cardano/comments/xaavno/bitcoin_maximalists/', 'When Charles mentions these Bitcoin maximalists… is he talking about all of them in general or is there a few assholes in particular?', 'https://www.reddit.com/r/cardano/comments/xaavno/bitcoin_maximalists/', 'xaavno', [['u/dilacerated', 10, '2022-09-10 02:29', 'https://www.reddit.com/r/cardano/comments/xaavno/bitcoin_maximalists/inspjm7/', 'Those that are assholes of which there are many.', 'xaavno'], ['u/Lephas', 23, '2022-09-10 02:34', 'https://www.reddit.com/r/cardano/comments/xaavno/bitcoin_maximalists/insq4d5/', 'Alex Gladstein is one of them in my opinion. He kept calling Charles evil and a scammer for sponsoring universities.', 'xaavno'], ['u/Brinker59', 18, '2022-09-10 04:16', 'https://www.reddit.com/r/cardano/comments/xaavno/bitcoin_maximalists/int2p1f/', 'Max Keiser is the biggest of them all', 'xaavno'], ['u/sloe-berry-brain', 33, '2022-09-10 05:41', 'https://www.reddit.com/r/cardano/comments/xaavno/bitcoin_maximalists/intci8l/', 'He doesnt mean anyone that is part of the bitcoin community. There are a core group that believe bitcoin is the only way, everything else is a cheap copy and deserves to fail.\n\nSome of this group of nutters tried to get the US govt to rule all PoS protocols as securities. They theoretically believe in freedom, but use centralized power bases to try and crush alternatives.', 'xaavno'], ['u/Mash_Effect', 10, '2022-09-10 13:53', 'https://www.reddit.com/r/cardano/comments/xaavno/bitcoin_maximalists/inufva3/', 'Michael Saylor seems like a big one too.', 'xaavno']]], ['u/adamshostack', "I'm Adam Shostack, ask me anything", 168, '2022-09-10 02:17', 'https://www.reddit.com/r/privacy/comments/xaaw3x/im_adam_shostack_ask_me_anything/', "Hi! I'm Adam Shostack. I'm a leading expert in threat modeling, technologist, game designer, author and teacher (both via my [company](https://shostack.org/) and as an Affiliate Professor at the University of Washington, where I've taught Security Engineering ) I helped create the CVE and I'm on the Review Board for Blackhat — you can see my usual [bio](https://shostack.org/about/adam).\n\nEarlier in my career, I worked at both Microsoft and a bunch of startups, including Zero-Knowledge Systems, where our Freedom Network was an important predecessor to Tor, and where we had ecash (based on the work of Stefan Brands) before there was bitcoin. I also helped create what's now the [Privacy Enhancing Technologies Symposium](https://petsymposium.org/), and was general chair a few times.\n\nYou can find a lot of my writings on privacy in my list of [papers and talks](https://shostack.org/about/adam/papers) \\- it was a huge focus around 1999-2007 or so. My recent writings are more on security engineering as organizations build systems, and learning lessons and I'm happy to talk about that work.\n\nI was also a board member at the (now defunct) Seattle Privacy Coalition, where we succeeded in getting Seattle to pass a privacy law (which applies mostly to the city, rather than companies here), and we did some [threat modeling for the residents of the city](https://shostack.org/files//seattleprivacy/threatmodelforseattle_v1/Privacy-TM-SPC-Shostack-Feb-2018.pptx).\n\nMy current project is [Threats: What Every Engineer Should Learn from Star Wars](https://threatsbook.com/), coming next year from Wiley. I'm excited to talk about that, software engineering, security, privacy, threat modeling and any intersection of those. You can ask me about careers or Star Wars, too, and even why I overuse parentheses.\n\nI want to thank /u/carrotcypher for inviting me, and for the AMA, also tag in /u/lugh /u/trai_dep /u/botdefense /u/duplicatedestroyer", 'https://www.reddit.com/r/privacy/comments/xaaw3x/im_adam_shostack_ask_me_anything/', 'xaaw3x', [['u/tactical-diarrhea', 21, '2022-09-10 02:19', 'https://www.reddit.com/r/privacy/comments/xaaw3x/im_adam_shostack_ask_me_anything/inso9js/', 'Where did I leave my car keys?', 'xaaw3x'], ['u/adamshostack', 35, '2022-09-10 02:22', 'https://www.reddit.com/r/privacy/comments/xaaw3x/im_adam_shostack_ask_me_anything/insoqez/', "according to your 'smart' washing machine, they're in your other pair of pants.", 'xaaw3x'], ['u/lo________________ol', 10, '2022-09-10 02:32', 'https://www.reddit.com/r/privacy/comments/xaaw3x/im_adam_shostack_ask_me_anything/inspxi5/', 'What\'s the thing that you\'ve found is most convincing to the average "I have nothing to hide, nothing to fear" person?\n\nIf you could recommend a threat model for the average person -- or at least the average, American, mildly computer-savvy, person who might see this post, what would you recommend? \n\nWhat do people overlook that they absolutely shouldn\'t?', 'xaaw3x'], ['u/adamshostack', 20, '2022-09-10 02:36', 'https://www.reddit.com/r/privacy/comments/xaaw3x/im_adam_shostack_ask_me_anything/insqec2/', 'I\'ll take the easiest one first - "Do you leave the bathroom door open?" Privacy doesn\'t have to be about something to hide, it can be about respect. I also ask for their social security number or bank password, but those both can come off more aggressive or get into security implications.', 'xaaw3x'], ['u/adamshostack', 14, '2022-09-10 02:39', 'https://www.reddit.com/r/privacy/comments/xaaw3x/im_adam_shostack_ask_me_anything/insquj5/', '"Recommend a threat model for the average person" This one is really hard, and ties to your first question. I see a lot of privacy as about tradeoffs - I tell my doctor things I won\'t tell you (even if this is an AMA).\n\nOn the privacy side, be skeptical of requests, say decline to give out your SSN, your phone # or email. Use disposable ones. Don\'t give apps permissions they don\'t need.On the security side, turn on all the autoupdates, and use a password manager (I like 1Password.)', 'xaaw3x'], ['u/tactical-diarrhea', 16, '2022-09-10 03:01', 'https://www.reddit.com/r/privacy/comments/xaaw3x/im_adam_shostack_ask_me_anything/instjcu/', 'found them. thanks', 'xaaw3x'], ['u/sketch0395', 11, '2022-09-10 03:16', 'https://www.reddit.com/r/privacy/comments/xaaw3x/im_adam_shostack_ask_me_anything/insvftk/', "Good evening, so currently I'm working UX/Product design, I also have a pretty long history within cyber security. I am trying to combine both skill sets by ensuring users remain informed of possible risks involved with not only my product but any application that relies on personal information. \n\nHow could I best also inform fellow designers and influence them to place security best practices into their design considerations? \n\nDo you know of any articles/ courses that could help me with my journey? \n\nThank you for this BTW, I have been following you for awhile and was curious on some of your thoughts.", 'xaaw3x'], ['u/adamshostack', 11, '2022-09-10 03:41', 'https://www.reddit.com/r/privacy/comments/xaaw3x/im_adam_shostack_ask_me_anything/insyhuo/', '1 - Most efforts to invade privacy to improve security succeed at the first, and fail at the second. We know that privacy protects people in all sorts of ways, and so we should generally prioritize it.\n\n2- It\'s a great point. I think that data minimization as a first tool would be a huge win. Don\'t collect data behind people\'s backs, give them a meaningful decline to be in your data set. The idea that I have to go site by site, reading pages of legalese which is literally the only thing not A/B tested to death, and try to opt out company by company (rather than something like Do Not Track") is untenable.', 'xaaw3x'], ['u/adamshostack', 15, '2022-09-10 03:45', 'https://www.reddit.com/r/privacy/comments/xaaw3x/im_adam_shostack_ask_me_anything/insyzu0/', "There's a bunch. A lot of people were shocked by the data for sale on reproductive health. The idea that your location was being tracked and sold by cell phone companies. Tim Horton's tracking your location and categorizing you despite Canada's privacy law was shocking. Facebook tracking on doctor websites. Most horrified is a high bar, but the key is - how do we get people to believe they can demand a fix?", 'xaaw3x'], ['u/adamshostack', 10, '2022-09-10 03:51', 'https://www.reddit.com/r/privacy/comments/xaaw3x/im_adam_shostack_ask_me_anything/inszpqa/', "aww, thanks for your kind words. :)\n\nI think the biggest key is believing that we can succeed. If we don't have security and usability collaborating, why would we think users can make it through the security flows in reasonable ways? Do we want bad outcomes? (I think you might have more specific questions here and I don't want to guess.)\n\nThere's good books like Garfinkel + Lipford's review. Heidi Trost is doing a lot of thinking on this (for example, [https://www.voiceandcode.com/our-insights/2020/6/24/cybersecurity-is-complex-its-ux-doesnt-have-to-be](https://www.voiceandcode.com/our-insights/2020/6/24/cybersecurity-is-complex-its-ux-doesnt-have-to-be)) Academics like Angela Sasse and Michelle Mazurek are doing great work.", 'xaaw3x'], ['u/Newme001', 28, '2022-09-10 03:55', 'https://www.reddit.com/r/privacy/comments/xaaw3x/im_adam_shostack_ask_me_anything/int05r3/', 'When I read about data collection I feel so hopeless. I just read today that if you turn off your phones wifi but your bluetooth is on then your phone sends your data to the nearest device to then send to a company. Is there any hope of me using the internet casually without so much data collection?', 'xaaw3x'], ['u/adamshostack', 13, '2022-09-10 04:41', 'https://www.reddit.com/r/privacy/comments/xaaw3x/im_adam_shostack_ask_me_anything/int5oit/', 'I like Firefox and use it as my main browser. Google and microsoft seem to want to compete as advertisers. \n\nAs to getting into cybersecurity, build on your strengths. The field needs all sorts of things, and so .. what are you good at now? Do you have ideas how that might work in cybersecurity? Where are you in you... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Walk into a smoke shop or small convenience store in South Florida \x97 anywhere from Homestead to Boynton Beach \x97 and you might find not one, but two, ATM machines. Look closely before you try to get cash because there\x92s a big difference. One dispenses paper bills, greenbacks to spend. The other spits out a paper receipt for Bitcoin, far and away the most popular crypto currency. Nothing wrong with that if you\x92re comfortable with converting your honestly earned dollars into crypto. But South Florida\x92s cybercrime detectives also say crooks are using the growing number of Bitcoin machines for nefarious purposes. They say the machines, though perfectly legal, are also largely unregulated and are often used to \x93wash\x94 dirty money \x97 cash that has come from drug dealing, robberies or other illegal activities. When it\x92s easy to invest in cryptocurrency online, Miami-Dade Cyber Crimes Task Force Cmdr. George Perera questions the need for the Bitcoin ATM machines, which don\x92t leave much of a financial trail. \x93Why have those unless it\x92s for criminal activity?\x94 he asked. Finding a machine is as easy as turning on a computer or a cellphone. The website bitcoindepot.com \x97 which helps you find a Bitcoin ATM by simply inserting an area code or city \x97 shows there are 1,691 machines in Florida and 384 between Boynton Beach and Homestead. The machines, which have gained popularity in the past few years along with cryptocurrencies, are believed to number more than 50,000 across the country. There\x92s a reason they\x92re attractive to the small businesses where they are most common \x97 they\x92re profitable at several levels. The largest manufacturers of the machines are the companies Genesis Coin and General Bytes. They sell the machines for as much as $5,000. They\x92re basically internet-connected kiosks that send cryptocurrency to a digital wallet after actual money is inserted. Machine operators pocket fees, which at Bitcoin ATMs represent a percentage of the transaction. Story continues Store operators, meanwhile, collect rents from the machine operator or owner for a three-by-three foot space. Bitcoin ATMs can be found across the country and around the world. This one is in Hong Kong. In South Florida, law enforcement agencies say they are increasingly being used for illegal money laundering. In a speech about the industry in 2021, Digitalmint director of compliance Seth Sattler acknowledged there were some \x93bad actors\x94 who gave the machine industry a bad name by continuing to allow anonymous transactions. Digitalmint is one of the leading providers of Bitcoin machines and technology in the nation. \x93While a small number of Bitcoin ATM operators go above and beyond ... others in the cash-to-crypto industry simply turn a blind eye and are complacent to these bad actors by simply applying the bare minimum customer protections, which in many cases allow for completely anonymous transactions,\x94 Sattler told the news site. The Bitcoin ATM machine looks almost exactly like its counterpart, with a computer screen, a keyboard and a slot to slide in money \x97 as if you were making a deposit at a regular ATM. And the way criminals clean money with it is as brilliant as it is simple. Here\x92s a scenario: A small-time drug dealer makes a few thousand dollars on a sale. The dealer then hires a kid for a few dollars to type in a cryptocurrency address and insert the money into the machine. In exchange, the machine spits out a Bitcoin receipt worth the same or a similar amount. Miami-Dade\x92s cyber cops say one problem is that the machines are very lightly regulated. Most have a video recording device and some ask to scan driver licenses. Crooks, though, can work around that easily, said Miami-Dade cybercrimes Sgt. Bridget Doyle. In the case of the example cited above, the kid hired by the launderer would be videotaped. And he or she could easily have used fake identification. As for checking on a crypto address, it changes for each action and is difficult to trace, detectives say. Doyle said most companies notify a shopkeeper if more than $6,000 is deposited. She said there are about a dozen companies that she\x92s aware of that now sell cryptocurrency machines. \x93When criminals move into crypto, the first thing they do is go about finding a new ID,\x94 she said.', 'Walk into a smoke shop or small convenience store in South Florida \x97 anywhere from Homestead to Boynton Beach \x97 and you might find not one, but two, ATM machines. Look closely before you try to get cash because there\x92s a big difference. One dispenses paper bills, greenbacks to spend. The other spits out a paper receipt for Bitcoin, far and away the most popular crypto currency. Nothing wrong with that if you\x92re comfortable with converting your honestly earned dollars into crypto. But South Florida\x92s cybercrime detectives also say crooks are using the growing number of Bitcoin machines for nefarious purposes. They say the machines, though perfectly legal, are also largely unregulated and are often used to \x93wash\x94 dirty money \x97 cash that has come from drug dealing, robberies or other illegal activities. When it\x92s easy to invest in cryptocurrency online, Miami-Dade Cyber Crimes Task Force Cmdr. George Perera questions the need for the Bitcoin ATM machines, which don\x92t leave much of a financial trail. \x93Why have those unless it\x92s for criminal activity?\x94 he asked. Finding a machine is as easy as turning on a computer or a cellphone. The website bitcoindepot.com \x97 which helps you find a Bitcoin ATM by simply inserting an area code or city \x97 shows there are 1,691 machines in Florida and 384 between Boynton Beach and Homestead. The machines, which have gained popularity in the past few years along with cryptocurrencies, are believed to number more than 50,000 across the country. There\x92s a reason they\x92re attractive to the small businesses where they are most common \x97 they\x92re profitable at several levels. The largest manufacturers of the machines are the companies Genesis Coin and General Bytes. They sell the machines for as much as $5,000. They\x92re basically internet-connected kiosks that send cryptocurrency to a digital wallet after actual money is inserted. Machine operators pocket fees, which at Bitcoin ATMs represent a percentage of the transaction. Story continues Store operators, meanwhile, collect rents from the machine operator or owner for a three-by-three foot space. Bitcoin ATMs can be found across the country and around the world. This one is in Hong Kong. In South Florida, law enforcement agencies say they are increasingly being used for illegal money laundering. In a speech about the industry in 2021, Digitalmint director of compliance Seth Sattler acknowledged there were some \x93bad actors\x94 who gave the machine industry a bad name by continuing to allow anonymous transactions. Digitalmint is one of the leading providers of Bitcoin machines and technology in the nation. \x93While a small number of Bitcoin ATM operators go above and beyond ... others in the cash-to-crypto industry simply turn a blind eye and are complacent to these bad actors by simply applying the bare minimum customer protections, which in many cases allow for completely anonymous transactions,\x94 Sattler told the news site. The Bitcoin ATM machine looks almost exactly like its counterpart, with a computer screen, a keyboard and a slot to slide in money \x97 as if you were making a deposit at a regular ATM. And the way criminals clean money with it is as brilliant as it is simple. Here\x92s a scenario: A small-time drug dealer makes a few thousand dollars on a sale. The dealer then hires a kid for a few dollars to type in a cryptocurrency address and insert the money into the machine. In exchange, the machine spits out a Bitcoin receipt worth the same or a similar amount. Miami-Dade\x92s cyber cops say one problem is that the machines are very lightly regulated. Most have a video recording device and some ask to scan driver licenses. Crooks, though, can work around that easily, said Miami-Dade cybercrimes Sgt. Bridget Doyle. In the case of the example cited above, the kid hired by the launderer would be videotaped. And he or she could easily have used fake identification. As for checking on a crypto address, it changes for each action and is difficult to trace, detectives say. Doyle said most companies notify a shopkeeper if more than $6,000 is deposited. She said there are about a dozen companies that she\x92s aware of that now sell cryptocurrency machines. \x93When criminals move into crypto, the first thing they do is go about finding a new ID,\x94 she said.', 'Walk into a smoke shop or small convenience store in South Florida \x97 anywhere from Homestead to Boynton Beach \x97 and you might find not one, but two, ATM machines. Look closely before you try to get cash because there\x92s a big difference. One dispenses paper bills, greenbacks to spend. The other spits out a paper receipt for Bitcoin, far and away the most popular crypto currency. Nothing wrong with that if you\x92re comfortable with converting your honestly earned dollars into crypto. But South Florida\x92s cybercrime detectives also say crooks are using the growing number of Bitcoin machines for nefarious purposes. They say the machines, though perfectly legal, are also largely unregulated and are often used to \x93wash\x94 dirty money \x97 cash that has come from drug dealing, robberies or other illegal activities. When it\x92s easy to invest in cryptocurrency online, Miami-Dade Cyber Crimes Task Force Cmdr. George Perera questions the need for the Bitcoin ATM machines, which don\x92t leave much of a financial trail. \x93Why have those unless it\x92s for criminal activity?\x94 he asked. Finding a machine is as easy as turning on a computer or a cellphone. The website bitcoindepot.com \x97 which helps you find a Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-09-11 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $411,914,520,338 - Hash Rate: 281797599.94785315 - Transaction Count: 220361.0 - Unique Addresses: 607174.0 Social & AI Sentiment: - Fear & Greed Index: 0.26 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: (Adds European stock futures, comments) By Sam Byford Aug 12 (Reuters) - Asian stocks were mixed and the yen fell on Friday, capping off a back-and-forth week that saw investors split on how aggressively the Federal Reserve would raise interest rates to tackle inflation. MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.1%, and Australia's AXJO was down 0.72%. Hong Kong's Hang Seng index rose 0.35%, but Chinese blue-chip stocks fell 0.1%. Japan's Nikkei was the major outlier, surging 2.43% to its highest level since January as markets reopened following a national holiday. The yen fell 1.14% and was trading at 133.245 per dollar. European stock futures gave little indication of major moves for the day ahead. FTSE 100 futures were down 0.01%, with Britain set to report second-quarter gross domestic product later in the day, while Euro Stoxx 50 futures were down 0.03%. Markets were tentative early this week ahead of key economic data out of the United States. The consumer price index (CPI) report on Wednesday showed inflation was slightly lower than expected in July, while the producer price index (PPI) unexpectedly fell for the first time since April 2020. The slight easing of inflation readings had driven global stocks higher and capped a rising dollar, until a string of Fed speakers put paid to expectations of the central bank going slow on further policy tightening. "The Fed is going to do what they said, which is whatever it takes to address inflation, so you are seeing some repositioning around that out of U.S. equities," said Carlos Casanova, senior economist at UBP. The S&P 500 closed down 0.07% and the Nasdaq Composite lost 0.58% overnight, though the Dow Jones Industrial Average rose 0.08%. San Francisco Federal Reserve Bank president Mary Daly said on Thursday that while a 50 basis point rate hike next month "makes sense" given economic data, she'd be open to a bigger hike if necessary. The rate is currently in the 2.25%-2.5% range. Chicago Fed President Charles Evans said he believed the Fed would likely need to lift its policy rate to 3.25%-3.5% this year and to 3.75%-4% by the end of next year, in line with what Fed Chair Jerome Powell signalled after the Fed's latest meeting in July. Furthermore, Minneapolis Fed President Neel Kashkari said he hadn't "seen anything that changes" the need to raise the Fed's policy rate to 3.9% by year-end and to 4.4% by the end of 2023. Chewing over those comments, investors are still unsure how set the Fed is. Odds of a 75 bps hike in September were as high as 68% earlier in the week, but are now around 34%, where they were a week ago. "There are too many uncertainties to know the path of oil and other CPI prices ahead, but the peak of inflation is clearly behind us," Nikko Asset Management chief global strategist John Vail wrote in a note. "The key question is how far and how fast it will fall. We believe inflation will be quite sticky and central banks will need to be more hawkish than consensus." U.S. 10-year Treasury yields held firm after rising overnight and were last trading at 2.8765%. The yield plummeted on Wednesday's CPI data but rebounded to a near three-week high on Thursday. In commodities, Brent crude oil futures fell 54 cents to $98.06 a barrel. U.S. West Texas Intermediate crude was also down, dropping 55 cents to $93.79. Brent is still on track to gain more than 4% this week, while WTI looks likely to mark a weekly climb of 5%. Bitcoin, the leading cryptocurrency, shaved some overnight gains and lost 1.10% to trade at $23,943. Spot gold was up 0.11% at $1,791 an ounce. (Reporting by Sam Byford; Editing by Bradley Perrett)... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin held weekend gains to move toward US$22,000 in Monday morning trading in Asia, while other tokens in the top 10 by market capitalization were flat to lower. Ether slipped, along with Polkadot and XRP.\nSee related article:Markets: Bitcoin, Ether little changed; Polkadot leaps Dogecoin into crypto top ten\n• Bitcoin rose 0.3% in the past 24 hours to trade at US$21,690 at 8 a.m. in Hong Kong, while Ethereum lost 0.8% to US$1,762, according todata from CoinMarketCap.\n• Ethereum has out-performed Bitcoin over the past three months — gaining nearly 50% compared to Bitcoin’s loss of 2% over that time frame — amid growing interest in Ethereum’s long-awaited network “Merge” that is expected to take place in the middle of this week.\n• Polkadot led the losses in CoinMarketCap’s top 10, falling 1.11% to US$7.70, while XRP dropped 0.7% to US$0.35.\n• The governance token of the Bored Ape Yacht Club (BAYC) ecosystem, ApeCoin, was up 11% to its highest price in over three weeks, trading at US$5.64. Three of the top six highest-selling non-fungible token (NFT) collections in the past 24 hours are associated projects of the BAYC,according to CryptoSlam.\n• U.S. equities rose on Friday. The Dow Jones Industrial Average closed 1.2% higher, the S&P 500 was up 1.5%, while the Nasdaq Composite Index finished the day with a 2.1% gain. Investors await the release of August’s Consumer Price Index data on Tuesday as an indication of how effective the Federal Reserve’s attempts to tackle inflation have been, and what the central bank may do next.\n• “Based on what I know today, I support a significant increase at our next meeting,” Federal ReserveGovernor Christopher Waller toldthe Institute for Advanced Studies in Austria on Friday. The Fed is next scheduled to meet on Sept. 20-21, where investors expect it to raise interest rates by 75-basis-points from its current range of 2.25%-2.5%.\nSee related article:Ethereum Merge’s Impact on NFTs', 'Bitcoin held weekend gains to move toward US$22,000 in Monday morning trading in Asia, while other tokens in the top 10 by market capitalization were flat to lower. Ether slipped, along with Polkadot and XRP.\nSee related article:Markets: Bitcoin, Ether little changed; Polkadot leaps Dogecoin into crypto top ten\n• Bitcoin rose 0.3% in the past 24 hours to trade at US$21,690 at 8 a.m. in Hong Kong, while Ethereum lost 0.8% to US$1,762, according todata from CoinMarketCap.\n• Ethereum has out-performed Bitcoin over the past three months — gaining nearly 50% compared to Bitcoin’s loss of 2% over that time frame — amid growing interest in Ethereum’s long-awaited network “Merge” that is expected to take place in the middle of this week.\n• Polkadot led the losses in CoinMarketCap’s top 10, falling 1.11% to US$7.70, while XRP dropped 0.7% to US$0.35.\n• The governance token of the Bored Ape Yacht Club (BAYC) ecosystem, ApeCoin, was up 11% to its highest price in over three weeks, trading at US$5.64. Three of the top six highest-selling non-fungible token (NFT) collections in the past 24 hours are associated projects of the BAYC,according to CryptoSlam.\n• U.S. equities rose on Friday. The Dow Jones Industrial Average closed 1.2% higher, the S&P 500 was up 1.5%, while the Nasdaq Composite Index finished the day with a 2.1% gain. Investors await the release of August’s Consumer Price Index data on Tuesday as an indication of how effective the Federal Reserve’s attempts to tackle inflation have been, and what the central bank may do next.\n• “Based on what I know today, I support a significant increase at our next meeting,” Federal ReserveGovernor Christopher Waller toldthe Institute for Advanced Studies in Austria on Friday. The Fed is next scheduled to meet on Sept. 20-21, where investors expect it to raise interest rates by 75-basis-points from its current range of 2.25%-2.5%.\nSee related article:Ethereum Merge’s Impact on NFTs', 'Bitcoin held weekend gains to move toward US$22,000 in Monday morning trading in Asia, while other tokens in the top 10 by market capitalization were flat to lower. Ether slipped, along with Polkadot and XRP. See related article: Markets: Bitcoin, Ether little changed; Polkadot leaps Dogecoin into crypto top ten Fast facts Bitcoin rose 0.3% in the past 24 hours to trade at US$21,690 at 8 a.m. in Hong Kong, while Ethereum lost 0.8% to US$1,762, according to data from CoinMarketCap . Ethereum has out-performed Bitcoin over the past three months — gaining nearly 50% compared to Bitcoin’s loss of 2% over that time frame — amid growing interest in Ethereum’s long-awaited network “Merge” that is expected to take place in the middle of this week. Polkadot led the losses in CoinMarketCap’s top 10, falling 1.11% to US$7.70, while XRP dropped 0.7% to US$0.35. The governance token of the Bored Ape Yacht Club (BAYC) ecosystem, ApeCoin, was up 11% to its highest price in over three weeks, trading at US$5.64. Three of the top six highest-selling non-fungible token (NFT) collections in the past 24 hours are associated projects of the BAYC, according to CryptoSlam . U.S. equities rose on Friday. The Dow Jones Industrial Average closed 1.2% higher, the S&P 500 was up 1.5%, while the Nasdaq Composite Index finished the day with a 2.1% gain. Investors await the release of August’s Consumer Price Index data on Tuesday as an indication of how effective the Federal Reserve’s attempts to tackle inflation have been, and what the central bank may do next. “Based on what I know today, I support a significant increase at our next meeting,” Federal Reserve Governor Christopher Waller told the Institute for Advanced Studies in Austria on Friday. The Fed is next scheduled to meet on Sept. 20-21, where investors expect it to raise interest rates by 75-basis-points from its current range of 2.25%-2.5%. See related article: Ethereum Merge’s Impact on NFTs View comments', 'The automotive market is currently going through massive changes while dealing with supply chain woes and an economy on the verge of recession. So, it’s fairly easy to identify automotive stocks with troubles presently. And the current bear market makes it easy to identify shares that will continue to bleed out as negative factors mount. That said, there are a few reasons the equities listed below are on this list. The pivot away from internal combustion engine vehicles continues, but at a decreased clip. Two out of the three stocks listed are EV makers. Further, indicators in China, the world’s largest electric vehicle market, are mixed. Lastly, cracks have emerged in the iBuying model, with one business remaining a cautionary tale. With these factors in mind, here are the top auto stocks to sell now. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Auto Stocks to Sell: Li Auto (LI) A front view of the Li Xiang One SUV from Li Auto. Source: Carrie Fereday / Shutterstock.com Li Auto (NASDAQ: LI ) stock faces a few obvious issues. For one, it is a Chinese-listed American Depositary Receipt (ADR). That means it represents shares of a non-U.S. company held outside the country, in this case, China. So, political risk is evident. LI stock’s peers, including Nio (NYSE: NIO ) and Xpeng (NYSE: XPEV ), suffer from the same issue. However, Li Auto is doing much worse on one important front: deliveries. In August Li Auto reported that it delivered 4,571 vehicles . Not only was that down 52% from a year ago, but it was also a 56% decline from July. Both of Li Autos’ aforementioned peers performed better. In Xpeng’s case, August deliveries increased 33% but were 17% lower than those in July. Nio saw deliveries increase 81.6% in August YOY, and actually reported a modest 6% increase in deliveries between July and August. That strongly implies that LI stock is one to avoid for any investors interested in playing the reopening in China via EV stocks. Carvana (CVNA) Carvana (CVNA stock) logo on white object in foreground as well as a high-rise building in the background Source: Jonathan Weiss / Shutterstock.com Story continues Carvana (NYSE: CVNA ) was one of the success stories of the pandemic as its iBuying model really took off. The company had long been noted for its aggressive sales growth. That worked well in the lower-rate environments of past quarters and years. But as rates have gone up and used car demand has slowed, the narrative surrounding Carvana has shifted. Macroeconomic forces have drastically affected the company’s fundamental picture. Sales declined in the most recent quarter, a first. And net losses reached $260 million, a massive shift from the $36 million profit a year earlier. The company admitted that it misjudged demand in the face of rising interest rates. In response to management’s error, the company chose to lay off 12% of its workforce. Investors shouldn’t reward Carvana for that misjudgment, especially those who are pro-worker. If the union slant isn’t your thing, then consider that it also misjudged the effect rising rates would have on demand for its car loans. That’s just bad business. Auto Stocks to Sell: Lordstown Motors (RIDE) A magnifying glass zooms in on the website for Lordstown Motors (RIDE). Source: Postmodern Studio / Shutterstock.com Lordstown Motors (NASDAQ: RIDE ) stock is simply one to avoid at all costs. It has been a drastic slide for what was once a very promising company. But times change, and that is reflected in prices that have slid more than 90% over the past year and a half. Lordstown Motors is now a going concern . Company CFO Adam Kroll stated that his firm’s ability to stay in business was in doubt back in May. The company ended Q2 with a $236 million cash balance. It is currently aiming for Q4 deliveries of its light-duty fleet EVs, but that is contingent upon validation scheduled for Q3. Lordstown Motors also relies on Foxconn as its primary development partner. RIDE stock currently trades for $2 which should be a strong warning to investors. On the date of publication Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-09-12 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $428,740,932,312 - Hash Rate: 235601272.08754936 - Transaction Count: 268971.0 - Unique Addresses: 665425.0 Social & AI Sentiment: - Fear & Greed Index: 0.25 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: More than US$100 million worth of NFTs were scammed between July 2021 and July 2022, with each scam perpetrator making an average of US$300,000, according to areportreleased on Wednesday by crypto analysis firm Elliptic. See related article:Who fared worse in cryptocurrency slump: criminals or legitimate users? • Crypto mixerTornado Cashhas laundered over 52% of the NFT scam proceeds, the report said. • May saw the highest amount stolen in the last year, with almost $24 million worth of NFTs stolen. July 2022 had the highest number of NFTs stolen, with more than 4,600, but actual figures could be higher as some scams were not exposed, the report said. • The report also noted that NFT scams based on malicious links posted on social media spiked in 2022, particularly the hijacking of Discord servers, with 23% of nearly 5,000 NFTs worth around $20 million stolen this year due to a Discord server breach. • State-sponsored NFT scams have also risen significantly, such as the US$540 million Ronin bridge hack of high-profile crypto game Axie infinity. • The inflow of ETH into the NFT trading market surged in the third quarter of 2021, with US$8 billion, and growth continued until the first quarter of 2022 that saw the highest ETH quarterly inflow of US$17.4 billion. But ETH flows shrank by 47% in the second quarter of 2022 to US$9.2 billion. See related article:Ronin hackers converted stolen ETH to BTC using sanctioned mixers: report... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin rose to hold its gains above US$22,000 in Tuesday morning trading in Asia, a price it crossed on Monday for the first time in three and half weeks. Ether slipped, while Solana posted the largest gains among the top ten tokens by market capitalization.\nSee related article:Markets: Bitcoin sole gainer in crypto top ten, Ether dips, Polkadot leads losers\n• Bitcoin rose 2.8% in the past 24 hours to trade at US$22,365 at 8 a.m. in Hong Kong, while Ethereum lost 2.8% to US$1,712, according todata from CoinMarketCap.\n• The slump in Ethereum comes just ahead of the long-awaited “Merge” which will see the network move from aproof-of-workconsensus mechanism toproof-of-stake. Ethereum Classic — the network from which the main Ethereum network is forked — which had risen along with Ethereum in recent weeks, was little changed at US$38.49.\n• Solana saw the biggest gains in the CoinMarketCap top 10, adding 7% to US$37.41 as votingopened on a proposalfor the Helium Network to migrate off its own blockchain onto Solana. Helium is a distributed network of long-range wireless hotspots aiming to be an alternative to hard-wired internet service.\n• U.S. equities rose on Monday. The Dow Jones Industrial Average finished up 0.7%, the S&P 500 Index closed 1.1% higher, while the Nasdaq Composite Index was up 1.3%.\n• Investors await the release later today of August’s U.S. Consumer Price Index — a key measure of inflation in the economy — with some estimations projecting a rate of 8.1% or a slowing from July’s 8.5%.\n• The CPI index is used by the U.S. Federal Reserve to guide its interest rate policy. Senior Fed officials have indicated a commitment to continue raising rates until inflation falls within a band of 2% – 3%. Investors are expecting the Fed to raise rates by 75 basis points at its meeting scheduled for Sept. 20 and 21.\nSee related article:BlackRock backflips on Bitcoin as latest institution to see promise in crypto', 'Bitcoin rose to hold its gains above US$22,000 in Tuesday morning trading in Asia, a price it crossed on Monday for the first time in three and half weeks. Ether slipped, while Solana posted the largest gains among the top ten tokens by market capitalization.\nSee related article:Markets: Bitcoin sole gainer in crypto top ten, Ether dips, Polkadot leads losers\n• Bitcoin rose 2.8% in the past 24 hours to trade at US$22,365 at 8 a.m. in Hong Kong, while Ethereum lost 2.8% to US$1,712, according todata from CoinMarketCap.\n• The slump in Ethereum comes just ahead of the long-awaited “Merge” which will see the network move from aproof-of-workconsensus mechanism toproof-of-stake. Ethereum Classic — the network from which the main Ethereum network is forked — which had risen along with Ethereum in recent weeks, was little changed at US$38.49.\n• Solana saw the biggest gains in the CoinMarketCap top 10, adding 7% to US$37.41 as votingopened on a proposalfor the Helium Network to migrate off its own blockchain onto Solana. Helium is a distributed network of long-range wireless hotspots aiming to be an alternative to hard-wired internet service.\n• U.S. equities rose on Monday. The Dow Jones Industrial Average finished up 0.7%, the S&P 500 Index closed 1.1% higher, while the Nasdaq Composite Index was up 1.3%.\n• Investors await the release later today of August’s U.S. Consumer Price Index — a key measure of inflation in the economy — with some estimations projecting a rate of 8.1% or a slowing from July’s 8.5%.\n• The CPI index is used by the U.S. Federal Reserve to guide its interest rate policy. Senior Fed officials have indicated a commitment to continue raising rates until inflation falls within a band of 2% – 3%. Investors are expecting the Fed to raise rates by 75 basis points at its meeting scheduled for Sept. 20 and 21.\nSee related article:BlackRock backflips on Bitcoin as latest institution to see promise in crypto', 'Bitcoin rose to hold its gains above US$22,000 in Tuesday morning trading in Asia, a price it crossed on Monday for the first time in three and half weeks. Ether slipped, while Solana posted the largest gains among the top ten tokens by market capitalization. See related article: Markets: Bitcoin sole gainer in crypto top ten, Ether dips, Polkadot leads losers Fast facts Bitcoin rose 2.8% in the past 24 hours to trade at US$22,365 at 8 a.m. in Hong Kong, while Ethereum lost 2.8% to US$1,712, according to data from CoinMarketCap . The slump in Ethereum comes just ahead of the long-awaited “ Merge ” which will see the network move from a proof-of-work consensus mechanism to proof-of-stake . Ethereum Classic — the network from which the main Ethereum network is forked — which had risen along with Ethereum in recent weeks, was little changed at US$38.49. Solana saw the biggest gains in the CoinMarketCap top 10, adding 7% to US$37.41 as voting opened on a proposal for the Helium Network to migrate off its own blockchain onto Solana. Helium is a distributed network of long-range wireless hotspots aiming to be an alternative to hard-wired internet service. U.S. equities rose on Monday. The Dow Jones Industrial Average finished up 0.7%, the S&P 500 Index closed 1.1% higher, while the Nasdaq Composite Index was up 1.3%. Investors await the release later today of August’s U.S. Consumer Price Index — a key measure of inflation in the economy — with some estimations projecting a rate of 8.1% or a slowing from July’s 8.5%. The CPI index is used by the U.S. Federal Reserve to guide its interest rate policy. Senior Fed officials have indicated a commitment to continue raising rates until inflation falls within a band of 2% – 3%. Investors are expecting the Fed to raise rates by 75 basis points at its meeting scheduled for Sept. 20 and 21. See related article: BlackRock backflips on Bitcoin as latest institution to see promise in crypto', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin rises but ether falls in Monday trading.\nInsights:Bitcoin may not have reached its lowest point, data from two research firms suggests.\nCatch the latest episodes ofCoinDesk TVfor insightful interviews with crypto industry leaders and analysis. Andsign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context.\n●Bitcoin (BTC): $22,176+1.9%\n●Ether (ETH): $1,698−2.4%\n●S&P 500 daily close: 4,110.41+1.1%\n●Gold: $1,732 per troy ounce+0.9%\n●Ten-year Treasury yield daily close: 3.36%+0.04\nBitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found atcoindesk.com/indices.\nBitcoin and Ether Take Different Paths in Monday Trading\nBy James Rubin\nMonday trading offered a tale of two cryptos.\nBitcoin rose but ether fell a day before the release of the latest U.S. inflation reading and three days before the launch of the Merge.\nBTC was recently trading at about $22,200, up almost 2% over the past 24 hours. The largest cryptocurrency by market value soared past $22,000 early Monday as investors\' appetites for riskier investments returned.\nEther recently plunged over 2% from the previous day to trade just below $1,700 after rising over this threshold late Sunday. Investors continue to eye Thursday\'s expected Merge, the technological overhaul of the Ethereum blockchain that will shift its protocol from proof-of-work to more energy efficient proof-of-stake.\nIn an email, Oanda Senior Market Analyst Edward Moya attributed the two cryptos\' differing paths to some traders\' "sell the event" reaction. "It looks like some of the profit-taking with Ethereum is benefitting Bitcoin and other blockchain crypto bets such as Cardano, Solana, and Polkadot," Moya said.\nMoya added optimistically that "Many are still skeptical of a September crypto rebound, but if price action does not turn south here, momentum traders could trigger a decent move higher."\nMost other major cryptos were recently in the red ,with ADA and CRO both off more than 3% over the past 24 hours, but SOL rising over 3%.\nCryptos\' earlier gains tracked equity markets, which continued a mini winning streak with the tech-heavy Nasdaq, S&P 500 and Dow Jones Industrial Average all climbing more than a percentage point. Investors have been feeling more upbeat about the prospect of a positive Consumer Price Index (CPI) on Tuesday showing inflation\'s momentum continuing to wane. Consensus expectations are for a CPI equal to or lower than July\'s 8.5% figure. Other indicators, including job figures, have remained strong, suggesting the economy will achieve the U.S. central bank\'s hoped-for soft landing. Asset markets may also be responding positively to Ukraine\'s successful counteroffensive in its war with Russia and the prospect of diminishing macroeconomic activity.\n"The start of the trading week was supposed to be all about the August inflation report, but Kyiv’s sudden momentum has many hoping that this moment is a turning point with the war against Russia," Moya wrote, although he noted ominously that "Russia’s strategy may now shift to attacking civilian infrastructure, which could lead to widespread blackouts and slow the current counteroffensive moves."\nIn crypto news, financial services giant Fidelity is contemplating whether to let individual brokerage customers trade bitcoin (BTC), The Wall Street Journalreported, citing people familiar with the situation. The initiative would offer the latest evidence of traditional financial services firms\' growing interest in the crypto space.\nEarlier in the day, crypto exchange Huobi said that it would delist seven tokens, including Monero and Zcash.\nIn an interview on CoinDesk\'s First Mover TV program, head economist of decentralized protocols at software company ConsenSys, said that cryptocurrencies respond to external events similar to other riskier assets. "The story Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-09-13 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $429,504,836,406 - Hash Rate: 211972242.0735515 - Transaction Count: 260108.0 - Unique Addresses: 663498.0 Social & AI Sentiment: - Fear & Greed Index: 0.34 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Did Coinbase tempt the fates with last week’s veiled attack on the Securities and Exchange Commission? Just days after the leading U.S. crypto exchange admonished the SEC for inserting itself into an ongoing case of insider trading prosecuted under wire fraud, the company appears to find itself the subject of an investigation by Gary Gensler’s powerful agency. Citing three people familiar with the matter, Bloomberg reported that the SEC is looking into whether Coinbase improperly allowed Americans to trade digital assets that should have been registered as securities , once again drawing attention to the legal gray area under which crypto falls. “We are confident that our rigorous diligence process—a process the SEC has already reviewed—keeps securities off our platform,” posted Paul Grewal, chief legal officer at Coinbase, late on Monday in response to the story. https://twitter.com/iampaulgrewal/status/1551764673199890432?s=20u0026t=PgLQEnw1mCRfRy2sML9RBQ He included a link to his blog post from Friday arguing that Coinbase does not list securities: “End of Story”. If assets traded on Coinbase are found to fit the legal definition for securities, then Coinbase would need to register as an exchange with the SEC. Potentially it would mark the second time the SEC may be launching a probe into a crypto platform, since it allegedly is investigating whether Coinbase rival Binance should have registered its native token marketed under the ticker symbol BNB as a security. It also follows last week’s news that the FBI brought charges of wire fraud in relation to insider trading against former Coinbase employee Ishan Wahi and two accomplices who made off with easily over $1 million in illegal gains thanks to the help of tokens like XYO listed on the U.S. exchange's platform. What seemed straightforward, however, was complicated by the SEC bringing separate charges of securities fraud , alleging that at least nine of the assets traded met the requirements without specifying which ones it meant. Story continues Grewal blasted this as symptomatic of an attempt by the SEC to bring crypto assets under its jurisdiction without a formal process through the means of what he called “one-off enforcement actions,” effectively regulating on an ad hoc basis. One example Coinbase cited was the SEC's controversial case against Ripple's XRP token . Bloomberg reported that the Coinbase probe by the SEC’s enforcement unit predates its investigation into Wahi’s insider trading. If true, this may suggest Grewal’s statement did not trigger a response from the SEC, but rather he himself had knowledge of what was going on behind the scenes when publishing his blog post on Friday and omitted this information. In its 10-Q filing with the SEC, Coinbase has said it received investigative subpoenas from the SEC for documents and information about certain customer programs, operations, and intended future products, including the company’s stablecoin and yield-generating products. "The SEC’s views in this area have evolved over time and it is difficult to predict the direction or timing of any continuing evolution," it said in its quarterly filing from May. When contacted by Fortune , the SEC could not be immediately reached for a comment. More compliance experts needed Even after billions of dollars have been invested and more than 13 years have passed since Bitcoin first launched, the industry is still in its infancy from a regulatory perspective. As a result, there’s now a tug of war between the SEC and the Commodities Futures Trading Commission (CFTC) that both are staking a claim to police the high-profile crypto market on behalf of the U.S. federal government. The uncertainty revolves around whether cryptocurrencies like BNB issued by companies such as Binance should be classed as securities or commodities. Typically the acid test to decide whether a financial instrument can be considered a security stems from two precedential interpretations from the Supreme Court concerning U.S. statutes written in the early 1930s. https://twitter.com/coinbase/status/1551624138145636358?s=20u0026t=StNBeL7n5X66YoLok5E1AQ Coinbase argues this process needs to be reviewed , as none of the authors that drafted the original legislation nearly a century ago could have possibly predicted the advent of cryptographic assets that can be traded autonomously by computer programs. Only very recently has the European Union taken the first major step to pass legislation that creates a standard set of rules across all 27 member states for the treatment of crypto assets. Regulatory risk is a key reason why main Coinbase rival Binance only operates in the U.S. through Binance.US, a separate legal entity headquartered in California. On Monday, its chief executive Brian Shroder said he had doubled the size of his compliance team in a bid to “meet, and even exceed, U.S. regulations and industry standards.” https://twitter.com/BrianShroder/status/1551671668636262400?s=20u0026t=kfr8edgm7IgOjLy6j90UEQ This story was originally featured on Fortune.com... - Reddit Posts (Sample): [['u/DrSkoolie', "OOP asks if she would be the asshole if her and her BF's joint savings account was put in her name because her BF is a Bitcoin day trader", 4952, '2022-09-13 00:33', 'https://www.reddit.com/r/BestofRedditorUpdates/comments/xcqc5e/oop_asks_if_she_would_be_the_asshole_if_her_and/', 'I am NOT OP. Original post by u/Animokey in r/AmItheAsshole\n\n\n---\n\n&nbsp;\n\n[AITA for telling my boyfriend I want our joint savings account to be named after me only, even though we both contribute equally, because I\'m afraid he\'ll lose the money again?](https://www.reddit.com/r/AmItheAsshole/comments/xcgzi0/aita_for_telling_my_boyfriend_i_want_our_joint/) - September 12\n\nFirst of all; I\'m sorry for any misspellings. Second; I\'m sorry if some of my terminology is wrong. I\'m trying to be a part of my boyfriends financial decisions, but I\'m still learning.\n\nYes, the title is bad, But it\'s the truth. My boyfriend is a Bitcoin day trader. He can make in a day what I make in 2 weeks, but he can lose the same amount in an hour.\n\nWe used to have a joint savings account, but one day he gambled everything on some "sure investment" and lost the entire account, plus a lot of his own money. He said one of the "coin makers" lied to him and stole the money from everyone. That money was supposed to go to the first payment on a house and moving expenses, but it was all gone because of a scam.\n\nIt took me a lot of time to accept what happened. I\'m still not sure what I would have done if he hadn\'t given me my money back.\n\nWe\'re still planning to buy a house together, but now I demand to be the only one that can control that money.\n\nHe told me I\'m a control freak, That I don\'t believe in him or his businesses and that I\'m pissed that he makes more than me. Accept I don\'t. I literally have a stable income and benefits from my job.\n\nHe told me that he will become a millionaire and buy himself every house he wants, because now he "makes the coins himself" and he is afraid I\'m going to leave him and take his money. I told him that if we break up I\'ll open the savings account and split it down the middle so we both get what we paid for.\n\nI love him, but I don\'t trust him with my money. I feel like I\'m dating a gambler. Is it wrong of me to be this controlling? He makes me feel stupid for not understanding his work, but maybe I am just financially illiterate. I don\'t know. Thoughs?\n\n\n&nbsp;\n\nUpdate I\n\nI bumped him. He tried to explain to me that he stopped gambling on crypto- he started a company with some people to scam other crypto investors. Apparently he can create "meme coins" and scam people for their money. I recorded everything while he showed me some graffs. I\'m not sure what the police can do with it, but I\'m going to find out.\n\nYou were right, reddit- he is a POS\n\n&nbsp;\n\nUpdate II\n\n(Sorry if it\'s too much, I hate OP not delivering) I reported him at ReportFraud.ftc.gov and sent Twitter a request to close his account due to breaking Twitter policy.\n\nI\'m happy to hear other steps I can take to end his sorry ass. My DMs are open for suggestions.\n\n\n&nbsp;\n\nReminder - I am not the original poster.', 'https://www.reddit.com/r/BestofRedditorUpdates/comments/xcqc5e/oop_asks_if_she_would_be_the_asshole_if_her_and/', 'xcqc5e', [['u/Wataru624', 1494, '2022-09-13 00:47', 'https://www.reddit.com/r/BestofRedditorUpdates/comments/xcqc5e/oop_asks_if_she_would_be_the_asshole_if_her_and/io6mbc1/', 'Crypto bro gets scammed and decides to become the scammer, I thought The Incredibles already did this plotline.', 'xcqc5e'], ['u/No_Kangaroo_9826', 1262, '2022-09-13 00:51', 'https://www.reddit.com/r/BestofRedditorUpdates/comments/xcqc5e/oop_asks_if_she_would_be_the_asshole_if_her_and/io6mth2/', ">I feel like I'm dating a gambler.\n\nYa were girl", 'xcqc5e'], ['u/throwitb4ck', 236, '2022-09-13 00:53', 'https://www.reddit.com/r/BestofRedditorUpdates/comments/xcqc5e/oop_asks_if_she_would_be_the_asshole_if_her_and/io6n27s/', 'Crypto seems so volatile, I’ve read too many horror stories to ever take that risk', 'xcqc5e'], ['u/ExchangeSpecialist52', 17, '2022-09-13 00:59', 'https://www.reddit.com/r/BestofRedditorUpdates/comments/xcqc5e/oop_asks_if_she_would_be_the_asshole_if_her_and/io6nwi5/', 'This sounds exactly like an old ex of mine. He was a casino gambler and always had a ‘system’ that he would love to explain to people. Any time anyone questioned him he would laugh at them like they were stupid.\n\nWell, he ended up going absolutely broke down to 0, 3 different times throughout life last I heard. \n\nIronically, through that I found poker and now that’s my full time job 😅', 'xcqc5e'], ['u/Least-Designer7976', 119, '2022-09-13 00:59', 'https://www.reddit.com/r/BestofRedditorUpdates/comments/xcqc5e/oop_asks_if_she_would_be_the_asshole_if_her_and/io6nxj5/', "I love how in most reddit stories, most of the time the narcissist who thinks the OOP will leave them while stealing all their money, are most of the time poor, without a job and totally dreaming about their future potential big fortune 😂\n\n\nI mean it's bad to be mean but if my jobless lazy SO would tell me ''You're going to trick me and steal all my money'' when they live on my money I would totally save them time and kick them out to avoid stress for them 😎", 'xcqc5e'], ['u/janecdotes', 151, '2022-09-13 01:00', 'https://www.reddit.com/r/BestofRedditorUpdates/comments/xcqc5e/oop_asks_if_she_would_be_the_asshole_if_her_and/io6o2qg/', 'God this fucking idiot, he gets scammed and thinks "what a clever thing to do to someone!" Because clearly those he\'s scamming aren\'t actual real people to him, they\'re just tools to make him his millions. Good for OOP reporting him.', 'xcqc5e'], ['u/Eleven918', 10, '2022-09-13 01:02', 'https://www.reddit.com/r/BestofRedditorUpdates/comments/xcqc5e/oop_asks_if_she_would_be_the_asshole_if_her_and/io6oan1/', 'At least she got all the money she lost back and broke even.\n\nScammers deserve to be behind bars!!!', 'xcqc5e'], ['u/Isteppedinpoopy', 41, '2022-09-13 01:03', 'https://www.reddit.com/r/BestofRedditorUpdates/comments/xcqc5e/oop_asks_if_she_would_be_the_asshole_if_her_and/io6oh3q/', '“I promise I will not steal more from you later than you are stealing from me now.”', 'xcqc5e'], ['u/toketsupuurin', 20, '2022-09-13 01:07', 'https://www.reddit.com/r/BestofRedditorUpdates/comments/xcqc5e/oop_asks_if_she_would_be_the_asshole_if_her_and/io6oyml/', "If you can't trust them with your money, you shouldn't trust them with your heart.", 'xcqc5e'], ['u/SeminolesRenegade', 54, '2022-09-13 01:07', 'https://www.reddit.com/r/BestofRedditorUpdates/comments/xcqc5e/oop_asks_if_she_would_be_the_asshole_if_her_and/io6p1po/', 'Yeah. It’s really sad. Many of the people that get scammed are then contacted by an investigative agency to help them recoup their money….all they need to do is front the minimal investigation costs. \n\nYup. You guessed it, exact same people as first scam double dipping. And usually the elderly. \n\nDeplorable. Scammers and poachers deserve the worst in life.', 'xcqc5e'], ['u/Rainy_roleplaying', 103, '2022-09-13 01:16', 'https://www.reddit.com/r/BestofRedditorUpdates/comments/xcqc5e/oop_asks_if_she_would_be_the_asshole_if_her_and/io6q6im/', "I honestly wouldn't date someone who's involved with crypto currency. Some day that shit will disappear and it's gonna get messy", 'xcqc5e'], ['u/Potato-Engineer', 26, '2022-09-13 01:16', 'https://www.reddit.com/r/BestofRedditorUpdates/comments/xcqc5e/oop_asks_if_she_would_be_the_asshole_if_her_and/io6q9he/', 'Only gable/invest with what you can afford to lose. The more volatile the "investment", the more you should be prepared to lose everything you put in.', 'xcqc5e'], ['u/sn34kypete', 84, '2022-09-13 01:17', 'https://www.reddit.com/r/BestofRedditorUpdates/comments/xcqc5e/oop_asks_if_she_would_be_the_asshole_if_her_and/io6q9zo/', 'Anything with memes and money is a no for me. Gamestop? Bed Bath and Beyond? By the time I hear about it, the rugpull/crash is a day or two away. I used to torture myself with what-ifs. "If I had put in 10k on GME when it was 4 dollars a share and sold at 400 I\'d have this much before taxes" wrong, because you\'d never have gambled 10k on something you didn\'t know was a "sure thing". \n\nJust max out your employer contributions and max out your ROTH IRA. If you want to gamble after that go wild.', 'xcqc5e'], ['u/Kaiser93', 576, '2022-09-13 01:20', 'https://www.reddit.com/r/BestofRedditorUpdates/comments/xcqc5e/oop_asks_if_she_would_be_the_asshole_if_her_and/io6qora/', '>My boyfriend is a Bitcoin day trader. \n\nThis was enough for me. \n\nGlad that OOP lost that dead weight of a bf.', 'xcqc5e'], ['u/Lodgik', 296, '2022-09-13 01:23', 'https://www.reddit.com/r/BestofRedditorUpdates/comments/xcqc5e/oop_asks_if_she_would_be_the_asshole_if_her_and/io6r5zi/', "That's because it is volatile. It's a completely unregulated market rife with scams.", 'xcqc5e'], ['u/Empty-Neighborhood58', 217, '2022-09-13 01:28', 'https://www.reddit.com/r/BestofRedditorUpdates/comments/xcqc5e/oop_asks_if_she_would_be_the_asshole_if_her_and/io6rsow/', 'Unrelated but i love you name tag thingy', 'xcqc5e'], ['u/nazare_ttn', 94, '2022-09-13 01:29', 'https://www.reddit.com/r/BestofRedditorUpdates/comments/xcqc5e/oop_asks_if_she_would_be_the_asshole_if_her_and/io6rwhj/', 'lmao “I bumped him” solid typo. Woulda been a hell of a twist if she actually did that.', 'xcqc5e'], ['u/No_Kangaroo_9826', 242, '2022-09-13 01:29', 'https://www.reddit.com/r/BestofRedditorUpdates/comments/xcqc5e/oop_asks_if_she_would_be_the_asshole_if_her_and/io6ry8s/', 'That story had me fucking shrieking so when I saw the updated flair I had to have it', 'xcqc5e'], ['u/canolafly', 20, '2022-09-13 01:29', 'https://www.reddit.com/r/BestofRedditorUpdates/comments/xcqc5e/oop_asks_if_she_would_be_the_asshole_if_her_and/io6rynh/', "I'm current... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['OSLO, Norway –– Lawyers for Craig Wright, the Australian computer scientist best known for claiming to be the inventor of Bitcoin, said he will not provide any new cryptographic proof that he is Satoshi Nakamoto during his trial against Bitcoiner Hodlonaut, which kicked off in Oslo on Monday. The Norwegian trial is one of two simultaneous lawsuits centered around a series of tweets from March 2019 in which Hodlonaut expressed doubt about Wright’s claims to be Satoshi, and called him a “ fraud ” and a “scammer.” Hodlonaut, known in real life as Magnus Granath, initiated the suit in Norway to get a judge to rule that his tweets were protected by the Constitutional right to freedom of speech , and prevent Wright’s defamation suit filed in the U.K. from moving forward. During his opening statements on Tuesday, Wright’s lead attorney, Halvor Manshaus, told the court that establishing Wright’s ownership of Satoshi’s private keys –\xa0a move many of Wright’s doubters say would settle the years-long argument over his claims –\xa0isn’t enough. “Craig Wright is of the perception that to sign … with the private key, one block or the other … is not conclusive evidence of whether he is Satoshi or not,” Manshaus told the court. “It’s never one thing or the other is sufficient, you need several elements, you need the whole package.” Manshaus also read numerous excerpts from Andrew O’Hagan’s 2016 article “ The Satoshi Affair ” to show that, in addition to not feeling like cryptographic evidence would be enough to silence his critics, Wright has also struggled emotionally with the burden of “proving” his identity as Satoshi. Using passages from “The Satoshi Affair,” Manshaus argued that Wright has “difficulty trusting people” and suffered extreme emotional pain and “exhaustion” after a private signing session –\xa0intended to prove his ownership of Satoshi’s private keys – with Bitcoin developer Gavin Andresen in 2016, that caused him to break down in tears. Story continues Determining ‘Satoshiness’ without cryptographic proof Instead of cryptographic proof, Manshaus attempted to convince the court of his client’s identity as Satoshi with other pieces of evidence, including a personal history allegedly in line with the creation of Bitcoin. Manshaus’ opening statements also leaned heavily on Andresen’s 2016 assertions that he believed Wright to be Satoshi following the private signing session. What Manshaus glossed over, however, is that Andresen later retracted his support for Wright: when Andresen was deposed for Wright’s trial against the estate of his former friend Dave Kleiman, he testified that he had been “bamboozled” by Wright, who used “gobbledegook proof” to demonstrate his possession of Satoshi’s private keys. The support of former Bitcoin Foundation director Jon Matonis –\xa0who wrote a blog post called “ How I Met Satoshi ” in 2016 after a private proof session with Wright – also featured heavily in Wright’s legal team’s opening statements. Convincing the likes of Matonis and Andresen, Manshaus argued, the latter of which he described as “a very critical person in the beginning … extremely critical,” was proof enough of Wright’s claim to be Satoshi. In addition to the “proof” Wright offered privately, Manshaus detailed Wright’s childhood in Australia, during which he spent time with his grandfather, Captain Ronald Lynam, learning to code and operate a ham radio in the family “hamshack.” Manshaus also told the court about Wright’s long-standing obsession with Japanese culture (confirmed by a quote from Wright’s mother in “The Satoshi Affair”) that explained his choice of pseudonym. Satoshi, Manshaus said, means “Ash” in Japanese –\xa0and Wright chose it because he wanted Bitcoin to take down the legacy financial system, and “rise like a phoenix from its ashes.” It had the added benefit, according to Manshaus, of being the Japanese-language name of Pokemon character Ash Ketchum. (Note: CoinDesk attempted to verify this claim, and found that Satoshi has several meanings, depending on the kanji used, none of which translate to “Ash.” Furthermore, the Japanese name for Ash Ketchum is based on Pokemon creator Satoshi Taijiri’s name, according to gaming website CBR. The spelling Taijiri uses for “Satoshi” translates to “knowledge” or “wisdom.”) Wright’s academic achievements and military career –\xa0both of which appear to have been exaggerated (for example, Australian public military records seem to indicate that Wright was discharged by the Royal Australian Air Force only a year after being accepted into a nine-year officer program) –\xa0were also presented to the court as evidence that Wright had the skills, knowledge and experience required to create Bitcoin. KPMG report During their opening statements on Monday, Hodlonaut’s attorneys told the court they’d commissioned multinational auditing firm KPMG to authenticate Wright’s evidence submitted in the case. The report is expected to show that many documents submitted by Wright are either manipulated or unverifiable, and will be discussed when a KPMG representative testifies on Friday. Though the contents of the 73-exhibit report have not yet been made public, Wright’s attorneys attempted to preemptively debunk it during their statements on Tuesday, telling the court that there are reasons for documents to appear manipulated (such as being opened in two different versions of Microsoft Word) that don’t necessarily point to intentional manipulation. The current trial in Norway is not the first time Wright’s alleged history of submitting false\xa0 evidence has influenced court proceedings. In the Kleiman vs. Wright trial held last November, lawyers for the plaintiff called witnesses who testified about Wright’s business dealings, suspected forged signatures and backdated documents. They also referenced Wright’s legal issues with the Australian Tax Office (ATO), who concluded after a lengthy investigation that Wright had backdated and forged contracts provided during an audit, and was pretending to be Satoshi to get around his tax issues (Wright, for his part, claimed that the ATO was the victim of a hack that resulted in funky documents). Read more: In Craig Wright Trial, Plaintiffs Lay Out Pattern of Fraud, Deceit and Hubris In Wright’s libel suit against British podcaster Peter McCormack, a U.K. judge ruled that Wright had “advanced a deliberately false case” and put forward false evidence, and awarded him a single British pound in damages (Through his lawyers, Wright told CoinDesk he intends to appeal the “adverse findings” because his evidence was “misunderstood.”) The hashtag dilemma Another key theme of Manshaus’ opening statements on Tuesday was the hashtag Hodlonaut used in his March 2019 tweets, #CraigWrightIsAFraud. By using a hashtag, Manshaus argued, Hodlonaut amplified his criticisms of Wright by creating a repository for similar tweets using the same hashtag. “His statement directly encourages other people to follow up the attack against Craig Wright with the same language, the same form,” Manshaus said. “We are going to see that encouraged a rapid and toxic attack against Craig Wright.” Manshaus told the court that when Wright complained to Twitter about the hashtag and subsequent criticism, his account was deleted. He also said that the online criticism of Wright spilled over into other social media platforms, including a Telegram group called “Bitcoin Plebs” that encouraged its approximately 400 members to “organize a bitcoin pleb attack on some shitcoin scammers,” which included putting “pressure on exchanges to delist these scams.” Manshaus admitted there was no evidence that Hodlonaut was involved in this Telegram group, but told the court: “Could be that Holdonaut has nothing to do with these people except they see the tweet and react … but still, we believe that it’s as likely or more likely that Hodlonaut himself is more involved than that, that he’s in one of these groups, that he’s taking the initiative here…” Manshaus went on to say that the “BSV extinction event” (referring to the massive delisting of Bitcoin Satoshi’s Vision, the fork of Bitcoin created by Wright) the members of “Bitcoin Plebs” were angling for was a result –\xa0direct or indirect –\xa0of Hodlonaut’s criticism. The exchanges that delisted BSV, however, including Binance and Kraken, stated that they did so because of Wright’s behavior, including doxxing and suing Hodlonaut and others. Witness testimony begins With opening statements concluded, witness testimony will begin on Wednesday. Wright and Hodlonaut are both expected to testify. On Thursday and Friday, the court will hear testimony from additional witnesses: Wright’s cousin, Max Lynam; a so-far unnamed expert from KPMG who will go over the findings of the report; Dr. Ami Klin, an autism expert who diagnosed Wright with Autism Spectrum Disorder (ASD) and testified on his behalf at the Kleiman vs. Wright trial last year; and Stefan Matthews, an associate of Wright’s. Andresen and Matonis are not expected to testify.', 'OSLO, Norway –– Lawyers for Craig Wright, the Australian computer scientist best known for claiming to be the inventor of Bitcoin, said he will not provide any new cryptographic proof that he is Satoshi Nakamoto during his trial against Bitcoiner Hodlonaut, which kicked off in Oslo on Monday. The Norwegian trial is one of two simultaneous lawsuits centered around a series of tweets from March 2019 in which Hodlonaut expressed doubt about Wright’s claims to be Satoshi, and called him a “ fraud ” and a “scammer.” Hodlonaut, known in real life as Magnus Granath, initiated the suit in Norway to get a judge to rule that his tweets were protected by the Constitutional right to freedom of speech , and prevent Wright’s defamation suit filed in the U.K. from moving forward. During his opening statements on Tuesday, Wright’s lead attorney, Halvor Manshaus, told the court that establishing Wright’s ownership of Satos Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-09-14 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $390,267,420,703 - Hash Rate: 202308899.97494468 - Transaction Count: 270309.0 - Unique Addresses: 687667.0 Social & AI Sentiment: - Fear & Greed Index: 0.27 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Good morning. Here’s what’s happening: Prices:Cryptos rallied late Wednesday, with bitcoin topping $19K again and ether rising above $1.6K Insights:DeFi companies that once intended to dethrone large financial institutions are now targeting them. Catch the latest episodes ofCoinDesk TVfor insightful interviews with crypto industry leaders and analysis. Andsign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context. ●Bitcoin (BTC): $19,310+2.5% ●Ether (ETH): $1,627+5.8% ●S&P 500 daily close: 3,979.87+1.8% ●Gold: $1,727 per troy ounce+1.6% ●Ten-year Treasury yield daily close: 3.26%−0.07 Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found atcoindesk.com/indices. Cryptos Rally Late Wednesday By James Rubin Cryptocurrencies found a late spark Wednesday to regain ground lost in a plunge little more than 24 hours earlier. Bitcoin was recently trading at about $19,300, up more than 2% for this period after falling to $18,558 on Tuesday, its lowest level in two months. The largest cryptocurrency by market cap is now struggling to maintain support above $19,000 as investors shrink from the same Federal Reserve monetary hawkishness and macroeconomic uncertainty that have plagued riskier assets for months. "There was probably a lot of period of time for bitcoin where the macro factors probably didn't matter, but to the extent that the goal is to be more mainstream, the more mainstream it becomes, the more it's affected by mainstream things," Noah Hamman, CEO of investment management company AdvisorShares, told CoinDesk TV's "First Mover" program. Ether continued its recent trend of outperforming bitcoin, rising nearly 6% to trade over $1,630 as crypto markets recovered some of their excitement for the Merge, which shifts the Ethereum blockchain from proof-of-work to more energy-efficient proof-of-stake. On Tuesday, the second largest crypto in value had plummeted below $1,500 for the first time in more than a week. Among other major altcoins, ALGO, the token of proof-of-stake, carbon-negative blockchain network Algorand, recently rose more than 6% after the company announced a protocol upgrade. YGG and CRV jumped more than 12% and 11%, respectively. Equity markets Equity markets closed higher amid at least a temporary lull in risk-averse sentiment with the tech-focused Nasdaq and S&P 500 both spiking about 2% and the Dow Jones Industrial Average (DJIA) climbing nearly 1.5%. On Wednesday, markets receivedfresh signalsthat the Federal Reserve Reserve will approve a third consecutive 75 basis point interest rate hike with several Fed officials in separate speeches reiterating the bank's commitment to tame inflation. The Fed has boosted interest rates at its fastest pace in about four decades. “We are in this for as long as it takes to get inflation down,” Fed Vice Chairwoman Lael Brainard said Wednesday in aspeechat a banking conference in New York. In her remarks, Brainard also said the cryptocurrency market bears similar risks to traditional finance, but will need new regulations for situations not covered by existing laws. Given the unique characteristics of crypto, there's a need for “creating clear regulatory guardrails," she said. Brainard alsorestatedher position about the risk of stablecoins. “Stablecoins is one of those areas that I think has the most potential for risk if not properly regulated and of course those risks can easily spill into the main core financial system because of the runnable nature of stablecoins,” she said. [{"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+8.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Ethereum", "Ticker": "ETH", "Returns": "+5.9%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "+5.8%", "DACS Sector": "Computing"}] There are no losers in CoinDesk 20 today. Why DeFi Companies Are Targeting Institutional Investors By Shaurya Malwa SEOUL, South Korea – Decentralized finance (DeFi) companies are increasingly targeting a sector they once looked to usurp: traditional finance players and institutional investors. The shift is interestingly consistent. Ethereum lending projects Aave and Compound started offering institutional versions of their products in 2021, while Maker brought an SME loans platform called Monetalis into the Maker fold, with Maker as the sole backer –despite token holders’ opposition. The offerings are not lowball efforts arising from a bear market either. A cohort of “institutional DeFi” (decentralized finance) is growing at a significant pace as well,as per reports.Some research firms even pegthe niche sector to attract over $1 trillion in capital from investors over the next five years. Such moves are a shift from the past ethos of DeFi, which formed in the deep bear market of 2019 as an antidote to TradFi, or traditional finance. A then-sparsely populated Telegram group – just called “DeFi” – had budding protocol builders and users discuss and envision a world where smart contracts wholly govern the supply of finance to users, one where TradFi had no reach. The Telegram group counted among its many participants the-then unknown developers and investors such as Synthetix's Kain Warwick, Yearn's Artem K, DeFiance Capital's Arthur Cheong and Compound's Robert Leshner, among several others, who have since evolved into DeFi superstars. But developments of today are a near 180-degree shift from that TradFi-free world. Going 'where the growth is' What changed? As per Maker developer Nik Kunkel, it's all about “where the growth is.” “If you go to an institution, they're gonna borrow $100 million. We have people who want to borrow a billion (dollars) from us,” Kunkel said during August’s BuildAsia conference in Seoul. “Trying to get that critical mass of retail users that you need to get $500 million in total loans is really difficult, right?” Kunkel added that the cost of user acquisition for a retail participant remains high, as opposed to marketing products to institutions that provide a “better bang for your buck” in terms of where a project spends its resources. The sentiment was seconded by Doo Wan Nam, founder of governance-focused crypto fund StableNode. “Many DeFi ecosystems have been aware that user base as well as liquidity can be greatly enhanced via working with TradFi,” Doo told CoinDesk. The likes of Doo say DeFi is not that far off from its promise either. “I would also add that a lot of DeFi ethos was also about educating and revolutionizing the current financial system – which is still applicable,” he said over a Telegram message. Still, Maker’s Kunkel says the recent push for institutional catering doesn’t mean that the project isn’t about retail anymore. “There's different initiatives to serve different purposes. So I think on the growth side we're looking more towards institutions, but when it comes to “banking the unbanked,” and that's where layer two comes in,” Kunkel said. “It's too expensive to transact [ether] on a layer one [blockchain]. You can't tell someone in Africa or someone in Paraguay that they need to spend $20 on gas costs. That's not feasible.” “That's where the push for layer two [companion blockchain] comes in,” Kunkel noted, adding that fees on such systems were “less than $1 right now” and that future simulations run by the team show that transaction costs gradually “become insignificant.” Layer 2 refers to a set of off-chain systems or separate blockchains built on top of layer 1, or base, blockchains. This software bundles multiple off-chain transactions into a single layer 1 transaction, which helps reduce the data load, leading to faster network transactions at lower costs. Practising Law Institute: The SEC Speaks in 2022 1 p.m. HKT/SGT(5 a.m. UTC):Japan Eco Watchers Survey(August/current/outlook) 8:15 p.m. HKT/SGT(12:15 p.m. UTC):European Central Bank monetary policy statement In case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV: Signature Bank’s Crypto Outflows Mitigated by Growth in Core Deposits, Wedbush Says:The bank’s spot deposits fell $1.64 billion driven by outflows in digital asset banking of $4.27 billion. Bitcoin Bets Look Bearish as Futures Trading Hits Record Level:The number of outstanding futures and perpetual contracts on bitcoin rises to a record, and traders are paying up to bet on further price declines – in a market that's already bearish. Celsius 'Misled' Investors About Crypto Lender's Financial Health, Vermont Regulator Alleges:The Vermont regulator also said the crypto lender's treatment of investors funds "suggests" it operated with a Ponzi-like structure. Bitcoin Miner CleanSpark Buys 10K New Machines for $28M After Discounts, Credits:The company has been taking advantage of opportunities to expand in the bear market.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin was little changed while most of the crypto top ten by market capitalization rose, edging the entire crypto market cap back above US$1 trillion in Thursday morning trading in Asia. Ether and Cardano led the gains after Wednesday’s slump on inflation concerns in the U.S. See related article: Markets: Bitcoin, Ether drop on CPI report, Solana biggest loser, Dogecoin back in top 10 Fast facts Bitcoin rose 0.3% in the past 24 hours to trade at US$20,241 at 8 a.m. in Hong Kong, while Ether (ETH) gained 3.8% to US$1,634, according to data from CoinMarketCap . Ethereum Classic (ETC), the network from which ETH was forked in 2016, gained 11.3% to US$39.32. The rise in ETC and ETH comes as Etheruem is expected to complete the “Merge” this week, which is forecast to slash electricity use and improve the speed of transactions on the network. Cardano gained 3.8% to change hands at US$0.48 while Solana was up 3.2% at US$34.09. The total market cap gained 1.4% to sit just over US$1 trillion after falling below that point for much of Wednesday. U.S. equities also gained after the sharp declines on Wednesday. The Dow Jones Industrial Average closed up 0.1%, the S&P 500 Index finished 0.3% higher, while the Nasdaq Composite Index gained 0.7%. Markets slumped Wednesday after the August Consumer Price Index in the U.S., a key inflation measure, rose 0.1% month-on-month when the market had expected a decline. This generated concern the U.S. Federal Reserve may raise rates more than the 75 basis points expected when it meets on Sept. 20-21, with the market consensus rising to 35% for a full percentage point increase, the largest hike in 40 years. However, that likelihood has since been adjusted down to 24%, according to data from CME Group . The next key economic data event for nervous equity markets is U.S. retail sales figures due later today. Interest rates in the U.S. are currently between 2.25% – 2.5%. See related article: Bitcoin mining difficulty reaches all-time high, up 3.5% in latest adjustment', 'Bitcoin was little changed while most of the crypto top ten by market capitalization rose, edging the entire crypto market cap back above US$1 trillion in Thursday morning trading in Asia. Ether and Cardano led the gains after Wednesday’s slump on inflation concerns in the U.S.See related article:Markets: Bitcoin, Ether drop on CPI report, Solana biggest loser, Dogecoin back in top 10\n• Bitcoin rose 0.3% in the past 24 hours to trade at US$20,241 at 8 a.m. in Hong Kong, while Ether (ETH) gained 3.8% to US$1,634, according todata from CoinMarketCap.\n• Ethereum Classic (ETC), the network from which ETH was forked in 2016, gained 11.3% to US$39.32. The rise in ETC and ETH comes as Etheruem is expected to complete the“Merge”this week, which is forecast to slash electricity use and improve the speed of transactions on the network.\n• Cardano gained 3.8% to change hands at US$0.48 while Solana was up 3.2% at US$34.09. The total market cap gained 1.4% to sit just over US$1 trillion after falling below that point for much of Wednesday.\n• U.S. equities also gained after the sharp declines on Wednesday. The Dow Jones Industrial Average closed up 0.1%, the S&P 500 Index finished 0.3% higher, while the Nasdaq Composite Index gained 0.7%.\n• Markets slumped Wednesday after the August Consumer Price Index in the U.S., a key inflation measure, rose 0.1% month-on-month when the market had expected a decline.\n• This generated concern the U.S. Federal Reserve may raise rates more than the 75 basis points expected when it meets on Sept. 20-21, with the market consensus rising to 35% for a full percentage point increase, the largest hike in 40 years. However, that likelihood has since been adjusted down to 24%, according todata from CME Group.\n• The next key economic data event for nervous equity markets is U.S. retail sales figures due later today. Interest rates in the U.S. are currently between 2.25% – 2.5%.\nSee related article:Bitcoin mining difficulty reaches all-time high, up 3.5% in latest adjustment', 'Bitcoin was little changed while most of the crypto top ten by market capitalization rose, edging the entire crypto market cap back above US$1 trillion in Thursday morning trading in Asia. Ether and Cardano led the gains after Wednesday’s slump on inflation concerns in the U.S.See related article:Markets: Bitcoin, Ether drop on CPI report, Solana biggest loser, Dogecoin back in top 10\n• Bitcoin rose 0.3% in the past 24 hours to trade at US$20,241 at 8 a.m. in Hong Kong, while Ether (ETH) gained 3.8% to US$1,634, according todata from CoinMarketCap.\n• Ethereum Classic (ETC), the network from which ETH was forked in 2016, gained 11.3% to US$39.32. The rise in ETC and ETH comes as Etheruem is expected to complete the“Merge”this week, which is forecast to slash electricity use and improve the speed of transactions on the network.\n• Cardano gained 3.8% to change hands at US$0.48 while Solana was up 3.2% at US$34.09. The total market cap gained 1.4% to sit just over US$1 trillion after falling below that point for much of Wednesday.\n• U.S. equities also gained after the sharp declines on Wednesday. The Dow Jones Industrial Average closed up 0.1%, the S&P 500 Index finished 0.3% higher, while the Nasdaq Composite Index gained 0.7%.\n• Markets slumped Wednesday after the August Consumer Price Index in the U.S., a key inflation measure, rose 0.1% month-on-month when the market had expected a decline.\n• This generated concern the U.S. Federal Reserve may raise rates more than the 75 basis points expected when it meets on Sept. 20-21, with the market consensus rising to 35% for a full percentage point increase, the largest hike in 40 years. However, that likelihood has since been adjusted down to 24%, according todata from CME Group.\n• The next key economic data event for nervous equity markets is U.S. retail sales figures due later today. Interest rates in the U.S. are currently between 2.25% – 2.5%.\nSee related article:Bitcoin mining difficulty reaches all-time high, up 3.5% in latest adjustment', '(Updates to late New York trading levels)\nBy Caroline Valetkevitch\nNEW YORK (Reuters) - The dollar was slightly higher against the yen on Thursday following data showing U.S. retail sales unexpectedly rebounded in August, while the Swiss franc hit its strongest against the euro since 2015.\nThe dollar pared some gains following the data, which showed retail sales increased 0.3% last month, but demand for goods is cooling as the U.S. Federal Reserve raises interest rates. Economists polled by Reuters had forecast sales would be unchanged.\nThe dollar has been supported by the view that the Fed will keep tightening policy aggressively.\nMany market participants believe that recent data including this week\'s surprise increase in consumer prices in August is likely to give the U.S. central bank enough reason to announce a third consecutive 75-basis-point rate hike next Wednesday.\n"The details of the retail sales report weren\'t nearly as strong as the headline. If you break down the retail sales report, it was generally a bit softer," said Adam Button, ForexLive chief currency analyst.\nWith the dollar, "the default mode in the currency market is to buy the dollar unless there\'s a good reason to sell it," he said.\nThe dollar was up 0.2% against the yen at 143.47, having fallen 1% on Wednesday on news that the Bank of Japan had checked on exchange rates with banks - a possible preparation for yen buying. The dollar index was up 0.1% at 109.69.\nInvestors continued to debate whether Japanese authorities really would intervene to support their currency, which has fallen sharply this year.\nA record Japanese trade deficit for August has also underscored the bearish trend for the yen.\nJapanese currency officials "stepped up their rhetoric this week, and the market is really still calling their bluff. It\'s very tough to talk a currency down when the fundamentals are so divergent," Button said.\nEarlier in the session, the Swiss franc rose against the euro to its strongest level against the single currency since January 2015, when the Swiss National Bank scrapped its minimum exchange rate of 1.20 francs per euro.\nMeanwhile, the dollar was down 0.1% against the Swiss franc.\nThe SNB also meets next week and there is some speculation in the market that it could join the Fed and ECB with outsized rate increases. Money markets are fully pricing in a 75 basis-point rate rise from the SNB, according to data from Refinitiv.\nThe euro was up 0.2% at $0.9996. It hit a 20-year low of $0.9864 last week.\nIn crypto markets, Vitalik Buterin, Ethereum inventor and co-founder, wrote on Twitter that a major software upgrade to the Ethereum blockchain aimed at slashing its energy usage has been completed.\nThe token, which underpins the ethereum network, was last down 8.6%. Bitcoin was down 2.2%.\n========================================================\nCurrency bid prices at 4:00PM (2000 GMT)\nDescription RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid\nPrevious Change\nSession\nDollar index\n109.6900 109.6000 +0.10% 14.663% +109.9200 +109.4100\nEuro/Dollar\n$0.9996 $0.9978 +0.17% -12.08% +$1.0018 +$0.9956\nDollar/Yen\n143.4650 143.1750 +0.19% +24.61% +143.7950 +142.8000\nEuro/Yen\n143.40 142.87 +0.37% +10.04% +143.6700 +142.5700\nDollar/Swiss\n0.9610 0.9623 -0.11% +5.37% +0.9641 +0.9558\nSterling/Dollar\n$1.1469 $1.1542 -0.60% -15.17% +$1.1548 +$1.1461\nDollar/Canadian\n1.3229 1.3169 +0.46% +4.63% +1.3240 +1.3155\nAussie/Dollar\n$0.6703 $0.6748 -0.65% -7.78% +$0.6770 +$0.6696\nEuro/Swiss\n0.9606 0.9604 +0.02% -7.36% +0.9612 +0.9533\nEuro/Sterling\n0.8713 0.8646 +0.77% +3.73% +0.8720 +0.8641\nNZ\nDollar/Dollar $0.5968 $0.6002 -0.54% -12.78% +$0.6025 +$0.5965\nDollar/Norway\n10.1690 10.1115 +0.65% +15.52% +10.1800 +10.0890\nEuro/Norway\n10.1670 10.0557 +1.11% +1.54% +10.1723 +10.0569\nDollar/Sweden\n10.7260 10.6873 +0.55% +18.94% +10.7444 +10 Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-09-15 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $385,031,985,906 - Hash Rate: 234168569.2623376 - Transaction Count: 277041.0 - Unique Addresses: 700513.0 Social & AI Sentiment: - Fear & Greed Index: 0.28 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: So far, 2022 has been as unkind to digital coins as it has been to stocks. Bitcoin is down more than 37% on the year. Ethereum is down more than 41% andcrypto, in general, has been in the news for all the wrong reasons lately. Explore:Your Biggest Money Etiquette Questions AnsweredMore:Should You Still Buy a Home in Today's Market? A scary first-quarter earnings report from Coinbase, America's largest crypto exchange, has the industry and its investors in a state of panic, according to Fortune and Forbes. For many crypto naysayers, the events confirm their long-held suspicions. In a new GOBankingRates study, a combined 40% of respondents said that they avoid crypto because they don't feel that it's regulated enough or because they don't trust the security that protects it. Another 60% don't trade crypto simply because they don't understand it. That widespread lack of knowledge and trust is a perfect breeding ground for misinformation — and there's no shortage of that where crypto is concerned, especially now that things are so bad. If you're even considering jumping into the market,make sure you don't fall for the following stubborn crypto myths. Myth: Your Investments Are Safe With CoinbaseCoinbase validated the industry and brought cryptocurrency into the mainstream when it went public and began trading on the Nasdaq. Publicly traded companies, after all, are regulated by the SEC, which is exactly the kind of federal oversight that leery mainstream investors had been holding out for all along. On May 11, however, Coinbase's first-quarter earnings report revealed stunning losses approaching a half-billion dollars and a 19% drop in monthly users. A selloff ensued, battering Coinbase even further.The report was followed by an announcement that stunned the industry.If the exchange goes bankrupt, Coinbase explained, the cryptocurrencies stored in its user accounts could be subject to bankruptcy proceedings. Their owners would be treated as general unsecured creditors — and unlike cash, crypto is not FDIC-insured.They could, in other words, lose all of their cryptocurrencies no matter how well those cryptocurrencies performed simply because the exchange that held them went bankrupt.Take Our Poll:Do You Think Student Loan Debt Should Be Forgiven? Myth: Crypto Is UnregulatedEven if Coinbase is publicly traded under the watchful eye of the SEC, the currencies that users store there are completely unregulated — or so goes a common myth. In reality, the SEC in early May announced that it was doubling the staff that it dedicates to protecting investors in cryptocurrency markets.According to NextAdvisor, the $1.2 trillion bipartisan infrastructure bill that President Biden signed late last year included new tax-related crypto legislation. The publication also noted that the federal government is seriously considering introducing its own digital currency and that enhanced Stablecoin regulation is all but certain in the near future. Myth: Crypto Transactions Are AnonymousAnother early turnoff for mainstream investors was bitcoin's association with criminality and the dark corners of the internet. The reason that crypto was always so popular with seedy elements of society, the myth goes, is because it's anonymous — users can conduct secret transactions that banks, governments and law enforcement agencies are helpless to trace.As the authorities proved when they recouped ransom payments after the Colonial Pipeline hack, that's simply not true. Crypto is converted into fiat currency — at least briefly — at the moment of exchange in almost all transactions, according to CNET. That leaves a paper trail, despite the fact that crypto trades aren't directly linked to identities.Also, transactions are permanently recorded on a public blockchain and law enforcement has become much more sophisticated in the technology and techniques it uses to track illicit crypto movements. Myth: Cryptocurrency Is Clean and GreenThe process of making paper involves harvested trees and a whole lot of toxic chemicals, inks and dyes. The metal in coins — like the gold and silver that preceded modern currency — must be mined from the ground.Cryptocurrency, on the other hand, exists only in a digital blockchain and is therefore environmentally sustainable, right?That would be nice. Unfortunately, the computer power required for proof-of-work mining consumes "amounts of electricity capable of powering countries," according to Business Insider. The New Yorker reports that the world's crypto mines consume enough energy annually to power Sweden for one year and that crypto mining can be as environmentally destructive as actual mining. Myth: Bitcoin Is Not Just an Investment, It's a Viable CurrencyFrom the beginning of bitcoin, volatility was the name of the game — investors endured crushing lows in pursuit of soaring highs with exciting climbs and terrifying drops in between. Enough people got rich along the way to prove that crypto can be a wise investment, but anything that can make you rich or broke in a few weeks or months makes for a lousy purchasing medium, according to NextAdvisor.If you use bitcoin to pay for a $3 coffee, for example, but that same share of bitcoin is worth $30 a week later, you would have lost $27 on a $3 transaction. Myth: Crypto Gains Aren't TaxedFinally, there's a common misconception that since crypto transactions are anonymous — again, they aren't — that there's no way for the IRS to track gains and losses and therefore can't tax cryptocurrency investments.Here, too, that would be nice.The reality is that the IRS treats crypto as property. The agency taxes it just as it taxes other assets like gold and stocks. When you sell, trade, or otherwise dispose of crypto holdings, you pay taxes on the gains and you can deduct the losses, just like shares of Amazon or your favorite ETF. Similarly, tax rates depend on your income, your filing status, and the length of time you held the asset.More From GOBankingRates5 Places in Florida Where You Can Live Only on Social SecurityAll the States That Don't Tax Social Security7 Surprisingly Easy Ways To Reach Your Retirement Goals6 Reasons You Need to Watch Your Credit Score Closely This article originally appeared onGOBankingRates.com:6 Crypto Myths Debunked... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["For short-to-medium-term investors, the markets are at an interesting point. Historically, September has been the worst-performing month for the S&P 500 in terms of average returns. However, November, December and January are among the best months. Therefore, now might be a good time for investors to begin looking for undervalued growth stocks to buy. A turbulent September could present an opportunity to buy such names at a discount and then reap the benefits in the fourth quarter. Of course, given the headwinds investors face, most notably high inflation, interest rate increases and a potential recession, it\x92s possible it may take longer to see bullish returns. Yet, these market conditions also give longer-term investors a chance to buy quality growth stocks for the next five years. Therefore, my list of growth stocks to buy in September focuses on those that could be traded in the near term for Q4 gains and should also be considered for a long-term portfolio. InvestorPlace - Stock Market News, Stock Advice & Trading Tips CPNG Coupang $18.32 RIOT Riot Blockchain $7.38 LI Li Auto $25.81 DKNG DraftKings $19.22 SLDP Solid Power $6.26 TENB Tenable $39.15 RIG Transocean $3.23 Coupang (CPNG) A close-up shot of a Coupang (CPNG) delivery vehicle. Source: Ki young / Shutterstock.com First on my list of top growth stocks to buy is South Korean e-commerce company Coupang (NYSE: CPNG ). Down 38% in the past 12 months, CPNG stock is attractive from a valuation perspective. In addition to the broader sell-off in high-multiple stocks, shares shave been hit by growth and profitability concerns. However, the company surprised by achieving positive adjusted EBITDA of $66 million in the second quarter. This prompted management to raise its full-year guidance after previously calling for adjusted EBITDA losses 0f $400 million for 2022. Bank of America recently reiterated its \x93buy\x94 rating on CPNG stock, forecasting the company will deliver adjusted EBITDA of $284 million and $659 million in 2023 and 2024, respectively. With economies of scale, the company is likely to deliver healthy cash flows in the next few years. Story continues A big addressable market in Korea coupled with international expansion means there is headroom for top-line growth. If the market stabilizes, I would not be surprised if CPNG stock surges by 30% to 50% over the next few months. Riot Blockchain (RIOT) An abstract concept image for blockchain and cryptocurrencies. Source: Shutterstock Bitcoin ( BTC-USD ) miner Riot Blockchain (NASDAQ: RIOT ) hit a low just above $4 in early July. Since then, the stock is up 84% even as Bitcoin struggles to trend higher. Assuming a scenario where Bitcoin rallies in the final quarter of the year, the stock can potentially deliver multi-fold returns. Even if Bitcoin trends marginally higher, RIOT is likely to outperform due to a big expansion planned for the next few months. In August, Riot reported a hash rate capacity of 4.8 exahash per second (\x93EH/s\x94). The company expects to expand capacity to 12.6EH/s by January 2023 , which will translate into significantly more Bitcoin mined. At the end of the second quarter, Riot reported cash in hand of $270.5 million. Cash and digital assets provide ample headroom for aggressive expansion through 2023. Riot is also attractive for the long term with Bitcoin halving due in 2024. Li Auto (LI) Li Auto(Li Xiang) brand logo and electric car in store. A Chinese EV(electric vehicle) company Source: Robert Way / Shutterstock.com Chinese electric vehicle maker Li Auto (NASDAQ: LI ) rallied sharply in May and June, surging back above the $40 level before reversing lower. With positive business catalysts, I believe LI stock is likely to trade at new highs in Q4. Data from the China Association of Automobile Manufacturers shows sales of new energy vehicles, which include EVs, more than doubled in August on a year-over-year basis to hit a record 666,000 units . EV sales accounted for the vast majority of these sales at 522,000 units. If the positive momentum in Chinese EV sales continues, Q4 is likely to be a good one for investors in LI stock. Li Auto has commenced commercial deliveries of its second model, the Li L9\xa0SUV . As sale gains traction, vehicle deliveries will accelerate further. Li Auto has healthy margins and the company has already been reporting positive free cash flows. The company also reported cash and equivalents of $8\xa0billion. A strong cash buffer will support aggressive retail network expansion. DraftKings (DKNG) A man opens the DraftKings (DKNG) app from his iPhone. DraftKings is an American daily fantasy sports contest and sports betting operator. DKNG Stock Forecast Source: Tada Images / Shutterstock.com DraftKings (NASDAQ: DKNG ) is another hot growth stock that has plunged, down 30% year to date and 68% on a 12-month basis. But shares are up nearly 80% since mid-June. In all probability, the stock has bottomed out and further gains seem likely. Management expects revenue to increase 65% this year to $2.1 billion and to post an adjusted EBITDA loss of $800 million. In the likely event the company guides for significant improvement in adjusted EBITDA for 2023, the stock could go ballistic. It\x92s worth noting that DraftKings\x92 average revenue per monthly unique payers rose from $80 in Q2 2021 to $103 in Q2 2022. Once sales and marketing cost stabilizes, there is ample room for EBITDA margin improvement. As more states legalize online sports betting and gambling, the addressable market will continue to swell. The long-term outlook for DKNG stock is therefore positive. Solid Power (SLDP) Smartphone with logo of American battery company Solid Power Inc. on screen in front of business website. Focus on center-left of phone display. Source: T. Schneider / Shutterstock.com The market for solid-state batteries is likely to expand significantly in the coming decade, making QuantumScape (NYSE: QS ) an attractive name in the industry. However, in the near term, I like Solid Power (NYSE: SLDP ) due to a big impending upside catalyst. Solid Power announced in June that the company has completed the installation of its pilot production line. This will be used for the production of EV scale solid-state cells. By the end of the year, Solid Power expects to begin delivering battery cells for validation testing by its automotive partners Ford (NYSE: F ) and BMW (OTCMKTS: BMWYY ). If pre-production deliveries are within the timeline, the stock is likely to trend higher. Furthermore, if the validation testing yields positive results, it should provide another upside trigger in 2023. Therefore, SLDP stock is attractive not just for Q4 but also for the next 12 months. Tenable (TENB) a business man pressing a button with an open lock on it that's connected to a symbol of a cloud and various security related icons Source: Shutterstock Cybersecurity company Tenable (NASDAQ: TENB ) is another undervalued pick on my list of growth stocks to buy due to positive industry tailwinds . Despite the firm\x92s strong financial performance, TENB stock has disappointed, down 29% year to date. But a sharp reversal may be in the cards. In the second quarter, the company reported revenue growth of 26% on a year-over-year basis to $164.3 million. With 95% recurring revenue in the quarter, there is clear free cash flow visibility. It\x92s worth noting that 64% of Tenable\x92s Q2 revenue came from the Americas, while the Asia-Pacific region accounted for only 11%. Tenable believes that the total addressable market for cyber exposure is worth $25 billion. Given the cyber security challenges globally, there is ample room for growth outside the United States. TENB stock hit an all-time high of $63.61 in April. With sustained growth, I would not be surprised if that high is tested in Q4. That would imply potential upside of 62% from current levels. Transocean (RIG) Transocean logo on a laptop screen. RIG stock. Source: Postmodern Studio / Shutterstock With crude oil prices holding well above $80 per barrel even with economic headwinds, oil and gas stocks are likely to remain investor favorites. Offshore driller Transocean (NYSE: RIG ) is up 17% year to date. This positive performance was helped by a 16% single-day jump following the release of better-than-expected second-quarter results.\xa0I expect good numbers for Q3 and Q4, which is likely to translate into a big rally for shares. Transocean has bagged some big orders over the past few months. At an attractive day-rate, these orders would imply further EBITDA margin expansion. The company already has an order backlog of $7.4 billion , which provides clear cash flow visibility. With a liquidity buffer of $1.9 billion and expectations of swelling free cash flows, Transocean is also positioned to deleverage. As credit metrics improve, the stock is due for re-rating. I would not be surprised if RIG stock surges by 50% from current levels within the next two quarters. On the date of publication, Faisal Humayun did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the\xa0InvestorPlace.com Publishing Guidelines . Faisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modeling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector. More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live The Best $1 Investment You Can Make Today Early Bitcoin Millionaire Reveals His Next Big Crypto Trade \x93On Air\x94 It doesn\x92t matter if you have $500 or $5 million. Do this now. The post 7 Growth Stocks to Buy for Big Gains in Q4 appeared first on InvestorPlace .", 'For short-to-medium-term investors, the markets are at an interesting point. Historically, September Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-09-16 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $378,212,176,138 - Hash Rate: 203901883.4393143 - Transaction Count: 261361.0 - Unique Addresses: 706574.0 Social & AI Sentiment: - Fear & Greed Index: 0.20 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin (BTC) mining hosting and brokerage services firm Compass Mining will work with Compute North on a 75 megawatt (MW) hosting partnership for its Granbury, Texas data center, the company said Wednesday . Compass’ deployment will start in August and continue for “several months,” according to the company. Compass seeks to deploy 25,000 application specific integrated circuit (ASIC) miners to the Wolf Hollow plant site in Granbury. In a move to readdress its strategy, Compass recently cut 15% of its staff and lowered executive compensation following the resignation of its CEO and chief financial officer . Compass cited "multiple setbacks and disappointments" for the executive changes. The new power plant uses advanced gas turbine designs and air cooling to decrease carbon emissions and water dependence, according to Compass’ statement. Regarding Texas’ demand response program, which aids the Energy Reliability Council of Texas (ERCOT) market, the data center is able to curtail its load to ERCOT. The move comes as bitcoin miners continue to work with ERCOT on voluntary curtailments for their operations as soaring temperatures cause increased power demand and grid constraints in Texas. Read more: Bitcoin Production Cost Has Dropped to About $13K, JPMorgan Says... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['LOS ANGELES, CALIFORNIA, Sept. 16, 2022 (GLOBE NEWSWIRE) -- Youbie Token is a newly developed digital platform that offers a wide range of digital services. In the recent development, the company announced the official launch of its platform on 15th\xa0September.\nYoubie Tokenhas multiple features for its client\'s and holders\' advantages. It includes Live Streaming, where creators can live stream. They can accept donations via their supported cryptocurrencies. Their Youbie Wallet now supports Bitcoin, Ethereum, BNB, Litecoin, and Youbie. Youbie is a native token that is yet to launch.\nThe newly established platform offers NFT Marketplace, where creators can trade NFTs on the marketplace. These can be anything from highlight clips to funny/viral content they want to mint. The team is working on a function where streams can click "Mint (5s, 10s, the 30s, 1m)". It will turn the past (timeframe) of the stream into an NFT and will be able to be auctioned live on stream. So, for example, if a streamer hits a trick shot in a call of duty game, they can quickly click "Mint 30s," and it will mint the past 30 seconds into an NFT.\nFurthermore, Youbie Token also provides the Physical Marketplace where creators can trade merchandise. Anything physical can be sold here. In addition, it possesses the feature of Tournaments / E-Sports, where the company generates lots of adoption. Users can enter tournaments for all different types of games that are hosted directly on the platform. People can host tournaments for ANY game that allows custom lobbies/games to be created, which is 99.9% of games these days.\nIt’s easy to join a tournament. After launch, creators will be able to host their tournaments. The system allows users to enter a tournament by paying the entry fee, agreeing to the terms and rules of the game, and entering their in-game details. Then it is up to them to join the game.\nMoreover, Youbie Token offers Premium Subscriptions to its users. As mentioned in Live Streaming, users can tip during the stream. Creators set their thresholds of what their premium subscription cost is. If it\'s $10 per month, if a user lists $10 throughout the month, they automatically unlock access to the creator’s premium profile. It enables one-on-one chat, private video/photo feeds, and exclusive NFTs.\nConsequently, Youbie Token has its swapping system so anyone can deposit crypto like BTC / ETH \xa0/ LTC and easily swap it to their native currency Youbie. It means people outside of BSC can quickly get their hands on Youbie.\nAbout Youbie Token:\nYoubie Token is newly established crypto platform in the industry that has developed multiple features to expand itself in the crypto space. The company’s native token known as “Youbie” is yet to launch. In the latest record, the company is officially launching its platform on 15th\xa0September.\nFor further information, intending users or NFT enthusiasts must visit the following links:\nTelegram\|Discord\|Twitter\nCONTACT: John Youbie Youbie Token contact at youbie.tv', 'Youbie LOS ANGELES, CALIFORNIA, Sept. 16, 2022 (GLOBE NEWSWIRE) -- Youbie Token is a newly developed digital platform that offers a wide range of digital services. In the recent development, the company announced the official launch of its platform on 15th\xa0September. Youbie Token has multiple features for its client\'s and holders\' advantages. It includes Live Streaming, where creators can live stream. They can accept donations via their supported cryptocurrencies. Their Youbie Wallet now supports Bitcoin, Ethereum, BNB, Litecoin, and Youbie. Youbie is a native token that is yet to launch. The newly established platform offers NFT Marketplace, where creators can trade NFTs on the marketplace. These can be anything from highlight clips to funny/viral content they want to mint. The team is working on a function where streams can click "Mint (5s, 10s, the 30s, 1m)". It will turn the past (timeframe) of the stream into an NFT and will be able to be auctioned live on stream. So, for example, if a streamer hits a trick shot in a call of duty game, they can quickly click "Mint 30s," and it will mint the past 30 seconds into an NFT. Furthermore, Youbie Token also provides the Physical Marketplace where creators can trade merchandise. Anything physical can be sold here. In addition, it possesses the feature of Tournaments / E-Sports, where the company generates lots of adoption. Users can enter tournaments for all different types of games that are hosted directly on the platform. People can host tournaments for ANY game that allows custom lobbies/games to be created, which is 99.9% of games these days. It\x92s easy to join a tournament. After launch, creators will be able to host their tournaments. The system allows users to enter a tournament by paying the entry fee, agreeing to the terms and rules of the game, and entering their in-game details. Then it is up to them to join the game. Moreover, Youbie Token offers Premium Subscriptions to its users. As mentioned in Live Streaming, users can tip during the stream. Creators set their thresholds of what their premium subscription cost is. If it\'s $10 per month, if a user lists $10 throughout the month, they automatically unlock access to the creator\x92s premium profile. It enables one-on-one chat, private video/photo feeds, and exclusive NFTs. Story continues Consequently, Youbie Token has its swapping system so anyone can deposit crypto like BTC / ETH \xa0/ LTC and easily swap it to their native currency Youbie. It means people outside of BSC can quickly get their hands on Youbie. About Youbie Token: Youbie Token is newly established crypto platform in the industry that has developed multiple features to expand itself in the crypto space. The company\x92s native token known as \x93Youbie\x94 is yet to launch. In the latest record, the company is officially launching its platform on 15th\xa0September. For further information, intending users or NFT enthusiasts must visit the following links: Telegram \| Discord \| Twitter CONTACT: John Youbie Youbie Token contact at youbie.tv', 'Poilievre speaks on a podium in front of a huge Canadian flag - Canadian Press/Shutterstock Canada \'s new populist Tory leader claimed Justin Trudeau \'s government had ruined "the lives of its citizens" as he kicked off his bid to boot the prime minister out of office. Pierre Poilievre, 43, has branded the country\'s decades-high inflation "Justin-flation" to hammer Mr Trudeau\'s public spending levels as he becomes his main challenger. It was this combative style that propelled him to a landslide victory last Saturday in the Canadian Conservative Party\'s leadership election. Mr Poilievre\'s crushing defeat of his centrist rival, Jean Charest, in a 68 per cent to 16 per cent vote, has been taken as a sign that something is shifting in the country\'s political landscape. Long seen as a beacon of winning progressive politics on the global stage, Mr Trudeau\'s Liberal Party stood in stark contrast to the bruising political discourse in the US. But after seven years in power, the Liberal government has been hampered by political scandals, a housing crisis, high living costs and voter fatigue. Mr Trudeau\'s approval rating currently stands at just 36 per cent, with 56 per cent of Canadians disapproving of him, according to the Angus Reid Institute. Poilievre and his wife on stage - REUTERS/Blair Gable Mr Poilievre\'s message has resonated with angry voters, waging a social media-fuelled grievance campaign that has painted Mr Trudeau, 50, as an out-of-touch elite and the mainstream media as a Left-wing, globalist cabal. He has riveted his Right-wing base with his fiery exchanges, attacking Mr Trudeau\'s vaccine mandates and economic management while promising to champion “anti-wokeism” and make Canada the "freest nation on earth". “When government ruins the finances of the nation, it ruins the lives of its citizens,” he said in a sharp-edged attack on the Prime Minister this week. Liberal gatekeepers and corporate oligarchs are apoplectic that I\'m going to scrap their crony capitalism and replace it with free enterprise, entrepreneurial, bottom-up capitalism. For them, more leftist tears. For you, a system that puts you back in charge of your life. pic.twitter.com/bTaalawzQn — Pierre Poilievre (@PierrePoilievre) August 16, 2022 Conservative strategists say Mr Poilievre may be the leader with the skills to defeat Mr Trudeau in the next election. Dan Robertson, chief strategist to Mr Poilievre\'s predecessor Erin O\'Toole, said he was "very optimistic" about his chances in the next election. Story continues "It\'s going to be an epic campaign of unprecedented ferocity. Both Trudeau and Poilievre are very combative and they play hard," he said. Mr Trudeau does not have to schedule an election until October 2025, but Mr Robertson believes there is every possibility the prime minister will call it earlier. "It\'s going to be one of the most interesting political battles of my lifetime," he said. "You have a Prime Minister who has now won three elections and whose campaigning abilities are undoubted going up against a younger guy who, by all appearances, has the same campaigning qualities." Much like Donald Trump, Mr Poilievre has succeeded in attracting people who have previously felt disengaged from politics. Trudeau and Poilievre greet each other - Canadian Press/Shutterstock His campaign claims it signed up a record-breaking 311,958 new party members. "The numbers are astronomical - much, much higher than in previous Conservative leadership elections," said Mr Robertson, who has known Mr Poilievre for over a decade. And just like Mr Trump, Mr Poilievre has drawn standing-room-only crowds at campaign rallies, rarely seen in Canadian leadership races. The new Conservative leader has also proved adept at tapping into public anger. He embraced the trucker convoys that crippled the capital Ottawa and other cit Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-09-17 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $383,568,744,694 - Hash Rate: 270807188.94283926 - Transaction Count: 247863.0 - Unique Addresses: 641808.0 Social & AI Sentiment: - Fear & Greed Index: 0.22 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: The bitcoin (BTC) mining arm of a major Japanese bank has ended a previously undisclosed relationship with a Russian miner hosting firm sanctioned by the U.S. government. Tokyo-based SBI Holdings, the parent company of crypto miner SBI Crypto, said Aug. 15 in anearnings reportthat it was “withdrawing” from Russia. In a laterinterview with Bloomberg, the firm’s chief financial officer cited the broad sanctions imposed by the West on the country since President Vladimir Putin's Russiainvaded Ukrainein February. But CoinDesk was told the sanctions bit SBI Crypto directly. The unit was hosting its mining machines at BitRiver, a major mining company with sites across Siberia, which has been blacklisted by U.S. authorities, according to two people familiar with the arrangement. SBI Crypto is at least the second big name to emerge as ceasing work with BitRiver after the U.S. Treasury Department imposedsanctionson the mining firm in April. The other is Compass Mining, based in Austin, Texas. Exactly what “withdrawing” from Russia looks like is unclear.Compass Mining has told CoinDeskthat its hands are essentially tied, with the company's machines stuck in BitRiver’s facility and lawyers advising it to not even talk directly to BitRiver, let alone transact with the Russian outfit. Read more:After Countless Bungles, Compass Mining Tries to Change Course At the same time, Compass Mining – and SBI Crypto, according to its chief financial officer – claim they have been trying to sell their equipment in Russia, but neither would answer questions as to how that can be achieved without their hosting firm’s involvement. There is evidence, however, suggesting SBI Crypto’s operation has slowed since Russia invaded Ukraine, which led to sanctions. Its mining pool hashrate, a measure of computing power spent on the Bitcoin network, has dropped by about one-third since February, according todatafrom information platform Blockchain.com. However, mining pools bring together the computing power of more than one miner, so the number doesn’t necessarily reflect only SBI Crypto’s mining operations, as other companies can participate in the pool. Read more:What Are Bitcoin Mining Pools? BitRiver’s case underscores how the global bitcoin ecosystem, ethereal as it might feel to its users, still relies on physical infrastructure that centralized agents and governments can easily tamper with. Mining companies “help Russia monetize its natural resources,” making them a “mechanism for the Putin regime to offset the impact of sanctions,” the Treasury Department’sOffice of Foreign Assets Control (OFAC)said in April. BitRiver would neither confirm nor deny that SBI was its client, nor would SBI Holdings. “The SBI Group has already stopped all mining in Siberia. And we are not mining in the rest of Russia. As for any other information, I’m afraid I cannot disclose,” said SBI Holdings in an emailed response to CoinDesk, signed by “Corporate Communications Dept.” SBI Holdings’ latest quarterly earnings report does show it retains a link to Russia, as it continues to operate a banking branch there. SBI Holdings has disclosed little about its mining business, and did not previously mention its involvement in Russia as far as CoinDesk could find. The firmused to disclosebasic information, such as that it produced its own chips and machines, in its earnings presentations.In 2018 it saidthat it was mining in the U.S. state of Virginia and in Sweden, and in 2020 it mentioned in a press release it was working inTexas. Other than that, SBI would mostly talk about mining at “overseas locations." Even those disclosures stopped in 2020. Around that time, the company was looking into mining in Russia and Kazakhstan, an industry source with knowledge of the matter told CoinDesk. In fact, at that time, SBI Holdings stopped mentioning bitcoin mining altogether in its earnings presentations, except in relation to its“environmental” investment in Texas data center management firm Lancium. The SBI spokesperson would not say why mining revenue was not disclosed after 2020. The Japanese firm’s presence in the Russian mining market has been a carefully kept secret: Employees of multiple mining businesses operating in the region told CoinDesk they had never heard that SBI was mining in Russia. That made sense, said Alex Petrov, former chief information officer at Bitfury, which mines and builds mining machines. According to him, publicizing your mining business in Russia could lead to someone – a government official or others – swiping your equipment, so it’s not surprising some companies preferred to keep quiet about their involvement. “The legal status of crypto mining in Russia is still unclear, so it’s a risk for miners,” Petrov added. “Local authorities might see mining businesses as something illegal and freeze their operations while the legal dispute is going on.” Read more:Russia to Regulate Crypto, Dispelling Fears of Ban Previously, U.S.-basedCompass Miningmoved to stop its operation in Russia and has been trying to sell its hardware at BitRiver’s venue since April. SBI Holdings was also planning to sell its equipment in Russia, too, Chief Financial Officer Hideyuki KatsuchitoldBloomberg. This is normally the case with other foreign miners leaving Russia at the moment, a source working with mining firms told CoinDesk: Transporting mining equipment to and from Russia is too complex a task, so those heading out just sell their machines to other miners. After Compass announced its exit, BitRiver was left with two big clients: SBI Crypto and Phoenix Technology Consultants, a United Arab Emirates-based mining firm affiliated with Phoenix Store, the distributor in the Middle East for Bitmain, the world’s leading manufacturer of mining rigs. During a mining conference in Dubai in November, Phoenixannouncedplans for a massive purchase of mining equipment. At the same event, BitRiverannounced an agreementto provide Phoenix with 300 megawatts (MW) of hosting capacity by the end of 2022. However, Phoenix CEO Munaf Ali would not discuss any dealings with BitRiver, instead pointing CoinDesk to aninterviewwhere he said the company has operations in Russia broadly. SBI Holdings' financial results for the spring suffered from its withdrawal from Russia. In the second quarter of the year, SBI Holdings lost 9.7 billion Japanese yen ($71 million) in profit before tax “due to the suspension of the mining business in Russia, a decline in the price of crypto-assets held, and B2C2’s losses associated with the bankruptcy of some business partners,” thepresentationfor investors read. (B2C2 is a crypto trading firm that SBIacquired in 2020.) About 7.2 billion yen of that was due to “temporary factors” such as the fall in crypto prices, leaving 2.5 billion yen as losses that could be attributed to SBI's Russia adieu. As of June 30, SBI Holdings had18.6 trillion yenof total assets. Reutersreportedin June that SBI “aims to become Japan's fourth-largest banking group.”... - Reddit Posts (Sample): [['u/PotentialExcuse43', 'Peak delusion on r/bitcoincashsv', 16, '2022-09-17 00:35', 'https://www.reddit.com/r/bsv/comments/xg5616/peak_delusion_on_rbitcoincashsv/', '"Greg Maxwell melting down"\n\n"We will have an avalanche of witnesses from Australia for UK trial"\n\n"We\'ll see who is blindsided"\n\n"Craig will win all cases"\n\n"A lot of people owe Craig Wright an apology"\n\n"The opposition is preparing a strawman narrative about forged documents"\n\nAnd my favorite:\n\n"Kurt Wucker Jr.\'s hodlonaut trial stream kept breaking up, eventually had to end it. His hotel room was getting mysterious phone calls ringing during the stream, and then the internet seemed to be getting DDOSed. The Core Cult seems extremely desperate"', 'https://www.reddit.com/r/bsv/comments/xg5616/peak_delusion_on_rbitcoincashsv/', 'xg5616', [['u/Zectro', 16, '2022-09-17 01:25', 'https://www.reddit.com/r/bsv/comments/xg5616/peak_delusion_on_rbitcoincashsv/ioqbw0l/', "Most of us would probably ignore it if not for Craig Wright's legal harassment, and his fraudulent attempts to market himself as Satoshi and BSV as Satoshi's true vision.", 'xg5616'], ['u/Zectro', 14, '2022-09-17 01:33', 'https://www.reddit.com/r/bsv/comments/xg5616/peak_delusion_on_rbitcoincashsv/ioqcuo4/', 'How do you figure? If BSV had just kind of forked as it did, with continued topological block ordering, a bigger max blocksize, and few new op codes, but with no Craig, I can\'t imagine any possible world where I\'d still care enough to be commenting on it. \n\nHe\'s the albatross around all your necks that draws continued criticism like wildfire with all his lawsuits and his aggressive "I\'m Satoshi" BSV advertising.\n\nAdditionally, all the most insane post-split features of BSV, that no one really cared, about were because of him. Like the botched sunsetting of P2SH and the idea to add OP_COURTSIG.', 'xg5616'], ['u/Zectro', 10, '2022-09-17 01:36', 'https://www.reddit.com/r/bsv/comments/xg5616/peak_delusion_on_rbitcoincashsv/ioqd9l3/', "How was that a non-answer? I don't think BSV could jeopardise the crypto world and I clearly explained my reasons for following it, which all center around Craig's abuse and his incompetence.", 'xg5616']]], ['u/JustinRidesMoto', 'White Paper on Why is POW/BTC "Good" vs "Bad"', 23, '2022-09-17 02:32', 'https://www.reddit.com/r/Bitcoin/comments/xg7s93/white_paper_on_why_is_powbtc_good_vs_bad/', 'First post I think, so don\'t murder me.\n\nI\'m looking for a single page position paper on why PoW and BTC is "good", rather than "bad", from somebody a lot smarter than I (not hard). With the Merge (weeeee! Utopia!) I think that is going to come under attack here in the US if we can\'t change the narrative. This would be something in 3/4 page of bullets easily digestible to the layperson and/or politician (so the reading level needs to be low). This could come from many perspectives, obviously.\n\nHave y\'all ever seen anything like this in the massive pile of BTC literature around the internets?\n\nedit: I shoulda added a question mark after the title....', 'https://www.reddit.com/r/Bitcoin/comments/xg7s93/white_paper_on_why_is_powbtc_good_vs_bad/', 'xg7s93', [['u/bitusher', 21, '2022-09-17 09:46', 'https://www.reddit.com/r/Bitcoin/comments/xg7s93/white_paper_on_why_is_powbtc_good_vs_bad/iorsczv/', 'Proof of Stake is not new or very interesting, and exists as a form with fiat currency already.\nProof of stake has many more attack vectors(nothing at stake attacks, long range attacks, short range attacks , stake grinding attacks) than proof of work and ultimately is either less efficient or less secure.\nFurther reading –\n\nhttps://medium.com/@tuurdemeester/critique-of-buterins-a-proof-of-stake-design-philosophy-49fc9ebb36c6\n\nhttps://download.wpsoftware.net/bitcoin/pos.pdf\n\nhttps://en.bitcoin.it/wiki/Proof_of_Stake\n\nhttp://www.truthcoin.info/blog/pow-cheapest/\n\nhttps://medium.com/@hugonguyen/work-is-timeless-stake-is-not-554c4450ce18\n\n\nhttps://medium.com/@factchecker9000/nothing-is-worse-than-proof-of-stake-e70b12b988ca\n\n\nThere doesn\'t seem to be any foreseeable solutions to making proof of stake secure either besides obscuring the flaws. Bitcoin is deliberately made inefficient with proof of work as using provable work that is external to the blockchain is the only means to create real costs where the game theory supports a model where it is both profitable to secure BTC and extremely costly to attack it.\n\nWith PoW (proof of work) you would need to be a tremendous amount of effort in order to censor 1-2 blocks with building many asic mining farms, and than burning the electricity continuously in order to attack bitcoin.\n\nhttps://www.youtube.com/watch?v=ncPyMUfNyVM\n\nhttps://www.youtube.com/watch?v=KUd8ZGgm6Qo\n\nWith Proof of stake all I need to do is be an early adopter(s) , hack/kidnap an early adopter(s) , or convince many users to join a interest bearing bank account by staking their coins with my company(done many times before) to attack the network. Since Proof of work involves outside resources one can always objectively see and measure the hashrate and sources in realtime and one can cutoff such an attack because it involves outside resources.\n\n\nThere are many different variations of proof of stake but the simplest way to understand this is by looking at those blockchain\'s as a democratic consensus mechanism where everyone\'s vote is weighted based upon how many coins or stake they control. Their staked coins than have an opportunity to create a block without proof of work and a dev controlling 51% of the coins gets to virtually mint ~51% on average of all the blocks . This presents another concern as the coins typically need to be in "hot wallets" to do so instead of cold storage leading to a more insecure environment.\n\nSince most PoS coins have massive premines where only a small number of devs control most of the coins this also presents another concern as those devs can be targeted by states , hackers, or attackers or as we often see with altcoin devs they pump and dump a project and than move onto a competing project to repeat this cycle over and over again thus have an incentive to attack their old project.\n\nWith Proof of work , seizing the coins or stake of any individual or group of people doesn\'t effect the process of mining or securing the network directly at all . They can only try and spook the market by dumping coins at a discount while individuals like myself will happily buy up all the discounted coins.\n\nPoS is being sought because it is a clever marketing ploy to attract environmentalists who are concerned about the electricity used in PoW mining. They may have valid concerns that I also share but they fail to see all the external costs in PoS.\n\nhttp://www.truthcoin.info/blog/pos-still-pointless/\n\n\nThere is a fallacy which rests on a false assumption that total amount electricity burnt must always correlate with the price of bitcoin. In reality the cost of electricity burnt will tend to correlate with the price of bitcoin.\n\nThis means that as bitcoin continues to compete with all other forms of electrical demand worldwide the price per kW across the board will rise and thus decreasing the amount of electricity needed for bitcoin even if the price of bitcoin continues to rise and making bitcoin more and more efficient. This also has the side effect of encouraging more and more efficient and greener forms of cooling and electrical production.\n\nWatch this video -\nhttps://www.youtube.com/watch?v=2T0OUIW89II\n\n\nhttps://www.danheld.com/blog/2019/1/5/pow-is-efficent\n\n\nhttps://medium.com/@hugonguyen/work-is-timeless-stake-is-not-554c4450ce18\n\n\nhttps://www.coindesk.com/the-last-word-on-bitcoins-energy-consumption\n\n\nhttps://www.coindesk.com/no-concentration-among-miners-isnt-going-to-break-bitcoin\n\n\nhttps://medium.com/the-bitcoin-times/proof-of-work-the-fundamental-laws-of-physics-and-nature-33d95167c57a\n\n\nhttps://medium.com/@nic__carter/its-the-settlement-assurances-stupid-5dcd1c3f4e41\n\n\nhttps://medium.com/@hugonguyen/proof-of-stake-the-wrong-engineering-mindset-15e641ab65a2\n\nhttps://medium.com/@hugonguyen/proof-of-stake-private-keys-attacks-and-unforgeable-costliness-the-unsung-hero-5caca70b01cb\n\n\nhttps://medium.com/@jimmysong/mining-centralization-scenarios-b74102adbd36\n\n-----------------\n\nFiat currency and PoS coins cost at least the same amount of resources to create , regulate and secure as Bitcoin.\n\nThere is an inescapable reality for any asset or currency that as it increases in value the production costs and costs to secure increase as well . This is demonstrated in the economic axiom: MC=MR\n\n“Rent” always forces production costs (MC) to always equal sale prices (MR)\n\nPoS currencies and fiat are simply more abstract and complex forms or Proof of Work that use more human involvement (which uses tremendous amounts of resources and has a tremendous environmental impact) as a PoW coin like Bitcoin. Humans instead of ASICs are shouldering more of the work to create, regulate , and secure each of those currencies; This is "work" whether it involves burning electricity directly or food and electricity that humans consume to perform their work. This is an inescapable economic reality. The more valuable something is the more it will cost to secure it because the more effort will be made to steal and or control it. This applies to any currency or asset.\n\nThis is also better understood with the dollar auction dilemma. In a hypothetical auction where a bidding war is fighting over the right to mint a 1 dollar bill how much do you think people will be willing to spend for this power ?\n\nProof of work is the most important innovation in Bitcoin and the real reason why blocks , in a blockchain, exist.\n\nThe key aspects as to why Proof of work is so important and cannot be replaced by PoS are:\n\n1) Fair Coin Distribution No scammy ICO , prem... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["(Reuters) - Bitcoin on Sunday dropped 1.54% to $19,804, slipping from the 20,000 mark after losing $310 from its previous close.\nThe world's biggest and best-known cryptocurrency is down 58.9% from the year's high of $48,234 on March 28.\nEther, the coin linked to the ethereum blockchain network, dropped 3.2 % to $1,422.1 on Sunday, losing $47 from its previous close.\n(Reporting by Rachna Dhanrajani in Bengaluru, Editing by William Maclean)", "(Reuters) - Bitcoin on Sunday dropped 1.54% to $19,804, slipping from the 20,000 mark after losing $310 from its previous close.\nThe world's biggest and best-known cryptocurrency is down 58.9% from the year's high of $48,234 on March 28.\nEther, the coin linked to the ethereum blockchain network, dropped 3.2 % to $1,422.1 on Sunday, losing $47 from its previous close.\n(Reporting by Rachna Dhanrajani in Bengaluru, Editing by William Maclean)", "(Reuters) - Bitcoin on Sunday dropped 1.54% to $19,804, slipping from the 20,000 mark after losing $310 from its previous close. The world's biggest and best-known cryptocurrency is down 58.9% from the year's high of $48,234 on March 28. Ether, the coin linked to the ethereum blockchain network, dropped 3.2 % to $1,422.1 on Sunday, losing $47 from its previous close. (Reporting by Rachna Dhanrajani in Bengaluru, Editing by William Maclean)", "The Merge has finally happened, and while bitcoin remains the preferred cryptocurrency of institutions (and one nation-state, El Salvador ), Ethereum’s new consensus mechanism – and the scalability that is supposed to go with it – may attract some interest away from its bigger, older brother as the biting cold of the crypto winter continues. Still, institutions may be hesitant to jump all in on ether just yet. One reason is regulatory uncertainty. U.S. Securities and Exchange Commission Chair Gary Gensler said proof-of-stake cryptocurrencies may be viewed as securities , though the regulator said he wasn’t talking about any specific coins. Nevertheless, his comments helped cause ether’s price to take a hit Thursday. Meanwhile, it seems that if there were any flows from bitcoin to ether, much of that was stanched with the onset of the Merge. You’re reading Crypto Long & Short , our weekly newsletter featuring insights, news and analysis for the professional investor. Sign up here to get it in your inbox every Sunday. At the start of the day – Sept. 15 – that the Merge happened, ether was trading for roughly 0.0817 BTC on Binance, according to data from TradingView. Fifteen hours later, it was changing hands at 0.0746 BTC and continued falling. Ethereum/Bitcoin price chart past five days (TradingView) Read more: The Ethereum Merge Is Done, Opening a New Era for the Second-Biggest Blockchain That’s a depressing chart, one may think. Except that’s only five days of data. Let’s step back and look at how ether has been trading against bitcoin since the early days of the former’s life. The Beacon Chain bottom and other ratios The Beacon Chain, with which Ethereum ultimately merged, was launched Dec. 1, 2020 . At the time, ether cost 0.0313 BTC. Thus, it has more than doubled in value since then. Ethereum/Bitcoin monthly chart (TradingView) Still, that doesn’t say anything about institutional interest. After all, prices can move based entirely on retail interest. Trying to gauge institutional interest may be a bit tricky. For instance, using futures volumes isn’t as clear as one may expect. We see that, on a ratio of dollar volume basis, ether futures have been regularly outpacing bitcoin futures since July, according to data from Skew.com , though it recently took a hit. Story continues ETH/BTC futures volume (TradingView) That doesn’t tell us much about institutions because some of the exchanges Skew uses for data cater to retail investors with high risk tolerance. There is at least one futures exchange, of course, that might be a good proxy for Wall Street’s interest and that’s the CME. The ratio of volumes between the two cryptocurrencies is way different: CME's ETH/BTC futures volumes (TradingView) The CME’s ratio of ether to bitcoin futures is decidedly all over the place, but it’s evident that dollar volumes for ether contracts on the CME have yet to surpass that of bitcoin futures contracts. Read more: Ethereum Merge Has Tied Ether Futures Activity to Staking Yields, Traders Say In the spot market, though, exchanges themselves can get a sense of the players interested in a currency. “In terms of the volume increase in ETH this week, it was actually led by institutions, and that’s a significant part of our exchange business,” said Bitstamp USA CEO Bobby Zagotta on CoinDesk TV’s “First Mover” program Friday. There was “about 56% increase in volume from institutions versus, I think, [a] 35% increase in volume from retail users.” A lot of that, Zagotta said, could be attributed to investors “selling the news” with the success of the Merge. Quiet before the rally? Meanwhile, ether’s drop in price didn’t just happen against bitcoin; it happened versus the U.S. dollar as well. Though the drop disappointed HODLers this past week, there are those who aren’t ruling out enormous upside down the road. Matthew Sigel, VanEck’s head of digital assets research, likens ether’s performance versus USD after the Merge to what happened to bitcoin after significant changes. “There are plenty of examples of big crypto developments, including bitcoin halvings, where the price traded in a range for weeks or months,” Sigel said on CoinDesk TV’s “First Mover” program Thursday . “It just takes one major stakeholder to make a decision to buy after some stability in the network. That can take days, weeks, months – who knows?” Read more: SEC’s Gensler Signals Extra Scrutiny for Proof-of-Stake Cryptocurrencies: Report Sigel, who has a five-year price target on ether of $8,000, noted four times as much ETH was staked on the Ethereum network in the six hours after the Merge than in the entire history of the Beacon Chain prior. “It seems pretty clear that those who are in the markets are now making the decision to commit and lock up that liquidity,” he said. “That’s probably a trend that will continue over time, so the early results are, I think, pretty encouraging notwithstanding the price action.”", 'The Merge has finally happened, and while bitcoin remains the preferred cryptocurrency of institutions (andone nation-state, El Salvador), Ethereum’s new consensus mechanism – and the scalability that is supposed to go with it – may attract some interest away from its bigger, older brother as the biting cold of the crypto winter continues.\nStill, institutions may be hesitant to jump all in on ether just yet. One reason is regulatory uncertainty. U.S. Securities and Exchange Commission Chair Gary Gensler said proof-of-stake cryptocurrenciesmay be viewed as securities, though the regulator said he wasn’t talking about any specific coins. Nevertheless, his comments helped cause ether’s price to take a hit Thursday.\nMeanwhile, it seems that if there were any flows from bitcoin to ether, much of that was stanched with the onset of the Merge.\nYou’re readingCrypto Long & Short, our weekly newsletter featuring insights, news and analysis for the professional investor.Sign up hereto get it in your inbox every Sunday.\nAt the start of the day – Sept. 15 – that the Merge happened, ether was trading for roughly 0.0817 BTC on Binance, according to data from TradingView. Fifteen hours later, it was changing hands at 0.0746 BTC and continued falling.\nRead more:The Ethereum Merge Is Done, Opening a New Era for the Second-Biggest Blockchain\nThat’s a depressing chart, one may think. Except that’s only five days of data.\nLet’s step back and look at how ether has been trading against bitcoin since the early days of the former’s life.\nTheBeacon Chain, with which Ethereum ultimately merged, was launched Dec. 1, 2020. At the time, ether cost 0.0313 BTC. Thus, it has more than doubled in value since then.\nStill, that doesn’t say anything about institutional interest. After all, prices can move based entirely on retail interest.\nTrying to gauge institutional interest may be a bit tricky. For instance, using futures volumes isn’t as clear as one may expect. We see that, on a ratio of dollar volume basis, ether futures have been regularly outpacing bitcoin futures since July, according to data fromSkew.com, though it recently took a hit.\nThat doesn’t tell us much about institutions because some of the exchanges Skew uses for data cater to retail investors with high risk tolerance.\nThere is at least one futures exchange, of course, that might be a good proxy for Wall Street’s interest and that’s the CME. The ratio of volumes between the two cryptocurrencies is way different:\nThe CME’s ratio of ether to bitcoin futures is decidedly all over the place, but it’s evident that dollar volumes for ether contracts on the CME have yet to surpass that of bitcoin futures contracts.\nRead more:Ethereum Merge Has Tied Ether Futures Activity to Staking Yields, Traders Say\nIn the spot market, though, exchanges themselves can get a sense of the players interested in a currency.\n“In terms of the volume increase in ETH this week, it was actually led by institutions, and that’s a significant part of our exchange business,” said Bitstamp USA CEO Bobby Zagotta on CoinDesk TV’s “First Mover” program Friday. There was “about 56% increase in volume from institutions versus, I think, [a] 35% increase in volume from retail users.”\nA lot of that, Zagotta said, could be attributed to investors “selling the news” with the success of the Merge.\nMeanwhile, ether’s drop in price didn’t just happen against bitcoin; it happened versus the U.S. dollar as well. Though the drop disappointed HODLers this past week, there are those who aren’t ruling out enormous upside down the road.\nMatthew Sigel, VanEck’s head of digital assets research, likens ether’s performance versu Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-09-18 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $382,699,417,500 - Hash Rate: 245319453.51292503 - Transaction Count: 212396.0 - Unique Addresses: 556563.0 Social & AI Sentiment: - Fear & Greed Index: 0.27 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Crypto exchange Coinbase (COIN) is adding what it calls nano ether futures contracts to its derivatives platform on Monday. "While still in its early stages, we believe that product innovation and an accessible entry point for the retail market have contributed to its success," Boris Ilyevsky, head of Coinbase’s derivatives exchange, said in a blog post Thursday . The addition of nano ether (ETH) futures comes just two months after Coinbase began offering nano bitcoin (BTC) futures to its retail clientele. “At 1/100th of bitcoin, our nano bitcoin futures contract requires less upfront capital, allowing participants to easily go long or short the price of bitcoin and manage risk in volatile markets,” he added. In addition to expanding retail derivative trading offerings, Coinbase's move also comes ahead of the Ethereum Merge as traders seek to make bets and manage risk around the event. Derivatives marketplace Chicago Mercantile Exchange (CME) recently said it plans to begin offering options for ether futures on Sept. 12. Read more: Coinbase Launches First Crypto Derivatives Product Aimed at Retail Traders... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['By Herbert Lash NEW YORK (Reuters) -The benchmark 10-year Treasury yield hit its highest in over a decade on Monday and the dollar strengthened as investors were on edge before an expected hefty Fed interest rate hike this week to tackle inflation. The 10-year\'s yield shot to 3.518%, its highest since April 2011, before backing off. The higher yield helped strengthen the dollar and made gold less attractive as concerns about the economy in light of higher rates cooled risk taking. But stocks on Wall Street rallied as hedge funds positioned themselves on the off-chance the Fed\'s tone is less onerous than markets expect when policymakers raise rates on Wednesday, said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles. "There\'s positioning going on just in case there\'s something that comes out of the Fed that proves to be less hawkish. I don\'t think anyone is predicting that\'s going to happen," he said. "The majority of people are in the negative camp right now." Stock trading on Wall Street and in Europe was choppy for most of the session as central banks around the world were expected to increase borrowing costs this week and slow economic growth. FedEx Corp\'s warning last week of a global demand slowdown has weighed on U.S. equities as investors reassess stock valuations, said King Lip, chief investment strategist at Baker Avenue Asset Management in San Francisco. "Our biggest concern now, and the reason why you\'re seeing such choppiness in the market today, is that there\'s more uncertainty about earnings now, in addition to the concern over rate hikes," Lip said. "We may be going in for a hard landing rather than a soft landing and the hard landing being the Fed perhaps over-tightening in a situation where we\'re already seeing the economy decelerate," he said. Wall Street rallied in thin, late trading. The Dow Jones Industrial Average rose 0.64%, the S&P 500 gained 0.69% and the Nasdaq Composite added 0.76%. Earlier in Europe, the broad STOXX 600 index closed down 0.09% and MSCI\'s U.S.-centric all-country world index gained 0.38%. Overnight in Asia stocks lost ground. Investors heard a hawkish message from Fed Chairman Jerome Powell at the Jackson Hole banking symposium in August, but then remained in denial until it became clear inflation was stubbornly high, said George Goncalves, head of U.S. macro strategy at MUFG Securities Americas Inc in New York. After the past three Fed meetings, there have been relief rallies in bonds and equities as markets interpreted Powell as being dovish. But a rally this time is unlikely when policymakers conclude a two-day meeting on Wednesday, he said. Story continues "People are wising up to the fact that the Fed means business," he said. "The only way to contain this inflation is to get ahead of it, and they\'re still behind the curve. Peak hawkishness is getting closer, but we\'re not there yet." Markets are pricing in a 75 basis points hike, with futures showing an 18% chance of a full percentage point increase on Wednesday, according to CME\'s FedWatch Tool. Markets also indicate a real chance that rates could hit 4.5% by March as the Fed is forced to tip the economy into a recession to subdue inflation. The two-year yield, a barometer of future inflation expectations, climbed to a fresh almost 15-year high of 3.970%. European government bond yields also rose. [GVD/EUR] TIGHTENING TIME Most of the central banks meeting this week - from Switzerland to South Africa - are expected to hike, with markets split on whether the Bank of England will move by 50 or 75 basis points. But China\'s central bank cut a repo rate by 10 basis points to support its ailing economy. Chinese blue chips still finished 0.1% lower. The other exception is the Bank of Japan, also due to meet this week, and which has shown no sign of abandoning its ultra-easy yield curve policy despite a drastic slide in the yen. Trading was thin in Britain as markets were closed in observance of the state funeral of Queen Elizabeth. The dollar rose 0.21% against the yen, backing off from the 24-year peak of 144.99 two weeks ago amid increasingly strident intervention warnings from Japanese policymakers. The dollar index rose 0.055%, with the euro up 0.06% to $1.0021. Oil prices edged up in volatile trading as worries of tight supplies outweighed fears that global demand could slow due to a strong dollar and possibly large rate increases. Brent settled up 65 cents at $92.00 a barrel, while U.S. crude rose 62 cents to settle at $85.73. U.S. gold futures settled 0.3% lower at $1,678.20 an ounce. Bitcoin, which also moves in line with investors\' risk appetite, hit a three-month low of $18,271 but later rebounded, up 0.22% to $19,461.00. (Reporting by Herbert Lash, additional reporting by Alun John in London; Editing by Catherine Evans and Nick Zieminski) View comments', 'By Herbert Lash NEW YORK (Reuters) -The benchmark 10-year Treasury yield hit its highest in over a decade on Monday and the dollar strengthened as investors were on edge before an expected hefty Fed interest rate hike this week to tackle inflation. The 10-year\'s yield shot to 3.518%, its highest since April 2011, before backing off. The higher yield helped strengthen the dollar and made gold less attractive as concerns about the economy in light of higher rates cooled risk taking. But stocks on Wall Street rallied as hedge funds positioned themselves on the off-chance the Fed\'s tone is less onerous than markets expect when policymakers raise rates on Wednesday, said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles. "There\'s positioning going on just in case there\'s something that comes out of the Fed that proves to be less hawkish. I don\'t think anyone is predicting that\'s going to happen," he said. "The majority of people are in the negative camp right now." Stock trading on Wall Street and in Europe was choppy for most of the session as central banks around the world were expected to increase borrowing costs this week and slow economic growth. FedEx Corp\'s warning last week of a global demand slowdown has weighed on U.S. equities as investors reassess stock valuations, said King Lip, chief investment strategist at Baker Avenue Asset Management in San Francisco. "Our biggest concern now, and the reason why you\'re seeing such choppiness in the market today, is that there\'s more uncertainty about earnings now, in addition to the concern over rate hikes," Lip said. "We may be going in for a hard landing rather than a soft landing and the hard landing being the Fed perhaps over-tightening in a situation where we\'re already seeing the economy decelerate," he said. Wall Street rallied in thin, late trading. The Dow Jones Industrial Average rose 0.64%, the S&P 500 gained 0.69% and the Nasdaq Composite added 0.76%. Earlier in Europe, the broad STOXX 600 index closed down 0.09% and MSCI\'s U.S.-centric all-country world index gained 0.38%. Overnight in Asia stocks lost ground. Investors heard a hawkish message from Fed Chairman Jerome Powell at the Jackson Hole banking symposium in August, but then remained in denial until it became clear inflation was stubbornly high, said George Goncalves, head of U.S. macro strategy at MUFG Securities Americas Inc in New York. After the past three Fed meetings, there have been relief rallies in bonds and equities as markets interpreted Powell as being dovish. But a rally this time is unlikely when policymakers conclude a two-day meeting on Wednesday, he said. Story continues "People are wising up to the fact that the Fed means business," he said. "The only way to contain this inflation is to get ahead of it, and they\'re still behind the curve. Peak hawkishness is getting closer, but we\'re not there yet." Markets are pricing in a 75 basis points hike, with futures showing an 18% chance of a full percentage point increase on Wednesday, according to CME\'s FedWatch Tool. Markets also indicate a real chance that rates could hit 4.5% by March as the Fed is forced to tip the economy into a recession to subdue inflation. The two-year yield, a barometer of future inflation expectations, climbed to a fresh almost 15-year high of 3.970%. European government bond yields also rose. [GVD/EUR] TIGHTENING TIME Most of the central banks meeting this week - from Switzerland to South Africa - are expected to hike, with markets split on whether the Bank of England will move by 50 or 75 basis points. But China\'s central bank cut a repo rate by 10 basis points to support its ailing economy. Chinese blue chips still finished 0.1% lower. The other exception is the Bank of Japan, also due to meet this week, and which has shown no sign of abandoning its ultra-easy yield curve policy despite a drastic slide in the yen. Trading was thin in Britain as markets were closed in observance of the state funeral of Queen Elizabeth. The dollar rose 0.21% against the yen, backing off from the 24-year peak of 144.99 two weeks ago amid increasingly strident intervention warnings from Japanese policymakers. The dollar index rose 0.055%, with the euro up 0.06% to $1.0021. Oil prices edged up in volatile trading as worries of tight supplies outweighed fears that global demand could slow due to a strong dollar and possibly large rate increases. Brent settled up 65 cents at $92.00 a barrel, while U.S. crude rose 62 cents to settle at $85.73. U.S. gold futures settled 0.3% lower at $1,678.20 an ounce. Bitcoin, which also moves in line with investors\' risk appetite, hit a three-month low of $18,271 but later rebounded, up 0.22% to $19,461.00. (Reporting by Herbert Lash, additional reporting by Alun John in London; Editing by Catherine Evans and Nick Zieminski) View comments', 'Good morning. Here’s what’s happening: Prices: Ether sinks to its lowest level since July; bitcoin and major altcoins tumble as investors await the latest U.S. central bank interest rate dec Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-09-19 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $354,088,348,555 - Hash Rate: 207087850.3680536 - Transaction Count: 253795.0 - Unique Addresses: 631537.0 Social & AI Sentiment: - Fear & Greed Index: 0.21 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Blockchain is a system of records that manages and tracks transactions carried out using Bitcoin and other kinds of cryptocurrency. Each part of the blockchain contains transaction data as well as a timestamp, which cannot be altered by nature. Blockchain is a distributed ledger that holds data without the need for a central authority. It can be used for a variety of purposes, including integrity management, digital currency, and foreign exchange transfer. Presently Blockchain is extensively used in the manufacturing industry for supply chain management, digital product memory, Internet of Things, Industry 4.0 applications, 3D printing, and other applications. Jersey City, New Jersey, Sept. 07, 2022 (GLOBE NEWSWIRE) -- Verified Market Research recently published a report, “Blockchain In Manufacturing Market” By Application (Asset Tracking and Management, Real-Time Workforce Tracking and Management), By Vertical (Aerospace and Defense, Energy & Power, Automotive), and By Geography. According to Verified Market Research, the Blockchain In Manufacturing Market size was worth USD 40.0 Million in 2021 and is expected to generate a revenue of USD 766.2 Million in 2030, growing at a CAGR of 80.0% during the forecast period i.e. 2022-2030. Download PDF Brochure:https://www.verifiedmarketresearch.com/download-sample/?rid=4202 Browse in-depth TOCon“Blockchain In Manufacturing Market” 202 - Pages 126 – Tables 37 – Figures Global Blockchain In Manufacturing Market Overview Blockchain technology can be utilized to provide better visibility, scalability, and security when resources, goods, parts, and money are traded along the manufacturing industry supply chain. The market is expected to rise due to the growing demand from the energy and electricity sectors, as well as the industrial sector. Increasing worldwide energy demand motivates energy and power firms to explore blockchain solutions that can help them improve productivity while reducing maintenance and downtime. The global blockchain in manufacturing market is expected to increase due to the incorruptible nature of the blockchain, as well as the expanding number of applications that use it. Raising venture capital funds and investments in various blockchain technologies are also critical to market expansion. Other notable drivers pushing the blockchain in the manufacturing sector are the increased demand for greater supply chain transaction security, lower operating costs, and the growing use of blockchain technology in retail and supply chain management. Key Developments • In December 2020, using the IBM Blockchain Transparent Supply (BTS) platform, IBM Research developed a solution for the textile industry. It allows customers to trace the full fabric manufacturing process, from raw material receipt to cleaning, spinning, weaving, quality control, distribution, and sales. Key Players The major players in the market are IBM Corporation, Intel Corporation, Microsoft Corporation, Amazon.Com, Inc., Nvidia Corporation, Advanced Micro Devices, Factom, Wipro Limited, Oracle and Xain AG and among others. Verified Market Research has segmented the Global Blockchain In Manufacturing Market On the basis of Application, Vertical, and Geography. • Blockchain In Manufacturing Market, By ApplicationAsset Tracking and ManagementReal-Time Workforce Tracking and ManagementQuality Control and CompliancePredictive MaintenanceLogistics and Supply Chain ManagementBusiness Process OptimizationCounterfeit Management • Blockchain In Manufacturing Market, By VerticalAerospace and DefenseEnergy & PowerAutomotivePharmaceuticalsFood & BeveragesIndustrialTextile • Blockchain In Manufacturing Market, by GeographyNorth AmericaU.SCanadaMexicoEuropeGermanyFranceU.KRest of EuropeAsia PacificChinaJapanIndiaRest of Asia PacificROWMiddle East & AfricaLatin America Browse Related Reports: Blockchain MarketBy Providers (Application Providers, Middleware Providers), By Application (Supply Chain Management, Exchanges, Digital Identity), By Vertical (Travel And Hospitality, Healthcare And Life Sciences), By Geography, Forecast, 2021-2028 Blockchain In Metals And Mining MarketBy Type (Public Blockchain, Private Blockchain), By Application (Metal Industry, Mining Industry), By Geography, Forecast, 2021-2028 Smart Contracts MarketBy Blockchain Platform (Bitcoin Ethereum, NXT, and Sidechains), By Technology (Ethereum, Namecoin, Ripple), By End-User (Automobile, Government, Supply Chain Management), By Geography, Forecast, 2021-2028 Blockchain In Logistics MarketBy Product (Public Blockchain, Private Blockchain, Others), By Application (Marketing and Advertising, Healthcare, Others) By Geography, Forecast, 2021-2028 Top 5 Blockchain Supplychain Companiesmanaging supply chains with unique technology Visualize Blockchain In Manufacturing Market using Verified Market Intelligence -: Verified Market Intelligenceis ourBI Enabled Platformfor narrative storytelling in this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a brilliant future. VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market. About Us Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information-enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals, and critical revenue decisions. 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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening:\nPrices:Bitcoin, ether and other major cryptos see-saw as the next FOMC meeting nears.\nInsights:Where is Terraform Labs co-founder Do Kwon? Taiwan is an unlikely hideout, and extraditions can be complicated.\nCatch the latest episodes ofCoinDesk TVfor insightful interviews with crypto industry leaders and analysis. Andsign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context.\n●Bitcoin (BTC): $19,554+0.8%\n●Ether (ETH): $1,378+3.4%\n●CoinDesk Market Index (CMI): $966+1.4%\n●S&P 500 daily close: 3,899.89+0.7%\n●Gold: $1,684 per troy ounce+0.7%\n●Ten-year Treasury yield daily close: 3.49%+0.04\nBitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found atcoindesk.com/indices.\nCryptos Dip Early and Then Rise\nBy James Rubin\nCryptos seesawed in Monday trading, ultimately regaining ground after dipping sharply earlier in the day.\nBitcoin was recently trading above $19,500, slightly above where it stood 24 hours earlier, although more than 6% higher than its low toward the close of Asian equity markets. The largest cryptocurrency by market capitalization had sunk to a three-month low under $18,400 as investors during Asia and Europe trading hours sent most risk assets lower amid heightened recessionary fears.\n"Not only just cryptocurrencies but also all risk assets in general are being sold off in anticipation for the pending ... worldwide recession," Adam See, senior vice president and head of digital assets at Global X ETFs, told CoinDesk TV\'s "First Mover" program.\nEther was recently changing hands just under $1,400, a more than 3% gain from the previous day and up more than 8% from its perch under $1,300 early Monday. The second-largest crypto in market value had dropped to its lowest level since July.\nMost other major cryptos were in the green after climbing over the course of the day with XRP and SOL each recently up more than 4% and ALGO rising over 7%. Among the biggest losers, TRX and UNI were both off approximately a percentage point.\nStocks\nCrypto prices tracked equity indexes, continuing a trend they have largely followed this year, with the tech heavy Nasdaq, S&P 500 and Dow Jones Industrial Average (DJIA) each climbing the better part of a percentage point. The gains followed the Nasdaq and S&P\'s worst weeks since June and came as the yields on 10-year and more interest-rate responsive two-year yields reached heights not seen for well over a decade. Crypto prices typically move in the opposite direction of yields.\nThe National Association of Home Builders/Wells Fargo Housing Market Index declined three points to 46, a ninth consecutive monthly drop that offered the latest evidence of the once hot housing market\'s cooling. The index measures building activity. Investors will be scrutinizing the release of housing starts on Tuesday and the U.S. central bank\'s decision on its next interest rate hike later in the week. The Federal Reserve is widely expected to continue its monetary hawkishness by boosting the rate by 75 basis points for a third straight time.\n"I think 75 is probably the right number in terms of the Fed interest rate hike, Global X ETF\'s See said, although he added that Fed Chair Jerome Powell\'s comments about how he views the market place\'s "would be really telling."\nSee said the Fed\'s aggressiveness suggested that "we are probably in the middle innings of a recession, hopefully toward the later end." But he also noted optimistically that the "crypto winter feels different," highlighting "strong venture capital funding flowing into crypto and Web3 companies" and TradFi companies\' soaring interest in the digital asset space."\n"There\'s a lot of compelling development within this crypto winter," he said.\nMeanwhile, as CoinDeskreported, despiteMergehype, investors remained cautious on the blockchain’s native tokenETH. Investment products tied to ETH saw a fourth straight week of outflows in the period ended Sept. 16, with the amount removed exceeding new money added by $15.4 million, according to CoinShares.\nIn a Monday newsletter, Jeff Dorman, chief investment officer for asset manager Arca, called ether\'s recent, steep price decline "surprising, but not entirely unexpected."\n"Ultimately, it appears the Merge itself did not immediately attract new buy interest, or new buyers are about to get a nice discount courtesy of momentum traders with itchy trigger fingers," Dorman wrote but added: "Long ETH for the next six to 12 months as ETH benefits from being the most pure play blockchain investment and because it\'s just simple math."\n[{"Asset": "XRP", "Ticker": "XRP", "Returns": "+8.5%", "DACS Sector": "Currency"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+7.0%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "+6.1%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Chainlink", "Ticker": "LINK", "Returns": "\\u22122.6%", "DACS Sector": "Computing"}, {"Asset": "Polkadot", "Ticker": "DOT", "Returns": "\\u22120.7%", "DACS Sector": "Smart Contract Platform"}]\nThe Mysterious Whereabouts of Do Kwon and the Complications of Extradition\nBy Sam Reynolds\nTaiwan has a government, clearly defined territory, a currency, a national language, and a military; but because of pressure from the People’s Republic of China, it’s excluded from most of the world’s international organizations, including the United Nations, World Health Organization, International Civil Aviation Organization and Interpol.\nNow one might think, if a country is excluded from Interpol, it might be a nice place to hide out if you have an Interpol"red notice" attached to your name, as Do Kwon, the co-founder of Terraform Labs may have after South Korean prosecutors asked the international police organization to apply the tag to Kwon.\nSouth Korea hasextradition treatieswith 31 countries worldwide, but there are 195 members of Interpol. Even if Kwon is in a country that doesn’t have a formal extradition treaty with South Korea, “extradition is possible based on a guarantee of reciprocity from the requesting state that it will accept extradition requests from Korea for identical or similar offenses,” according to a briefing note prepared on the topic by Korean lawyerspublished by consultancy GIR Insight.\nThe latest episode in the Terra saga highlights not only the options Korean authorities may have to take Kwon into custody but also the challenges of extradition. Since launching its International Fugitive Round-Up and Arrest (INFRA) program in 2009, Interpol operations have led to the location or arrest of about 1,000 fugitives, according to the law enforcement agency’s website, but international relationships with law enforcement issues can be complicated.\nIn a tweet, Kwoninsistedthat he was not "on the run."\nTaiwan is cooperative\nDespite Taiwan’s exclusion from Interpol, authorities there have shown great interest in international cooperation on judicial matters and mutual legal assistance by signing agreements withmany countriesworldwide. South Korea isn’t on the list, but it has an agreement on the “exchange of judicial materials” with Taiwan.\nLocally, the government hasupdated its extradition lawsto align with international practices. Thelaw saysthat Taiwan can refuse extradition requests on limited grounds including: “risks to Taiwan\'s sovereignty, national security, public order, or international reputation.”\nA previous case\nPerhaps the mostfamous caseof Taiwanese authorities working with international counterparts involves another tech scofflaw: Cody Wilson, the first person to create a 3D-printed gun.\nWilson’s claim to fameinvolved selling the files– not the gun itself – to print these weapons, and has had moderate success defending himself under the principle of code-is-speech before eventuallyreaching a settlementin 2018 that allowed the continued sale of these files.\nBut shortly after the settlement, Wilsonwas a wanted manon charges of soliciting a prostitute who was underage. Wilson’s passport was quickly canceled, and authorities in Taiwan arrested him on grounds of unlawful immigration status and delivered him to U.S. Marshals waiting at the Taipei airport. Back in the U.S., Wilson laterpleaded guilty to a lesser charge.\nSince then there have been many otherlower-profile cases of extradition, but they have not been tied up in court or disregarded because of a lack of a treaty.\nAside from Taiwan, another place Kwon might be lying low is Palau, which is alsonot a member of Interpol.\nBinance CEO Changpeng Zhao is said to be afrequent visitor to the island country, as Binance helpedset up its Digital ID initiative. Zhao is nofan of Kwon or Terra, but it would certainly be amusing if they were neighbors.\nU.S. Federal Open Market Committee meetingto discuss potential interest rate increase\n9:30 a.m. HKT/SGT(1:30 a.m. UTC):People\'s Bank of China interest rate decision\n8:30 p.m. H1HKT/SGT(12:30 p.m. UTC):U.S. housing starts(Aug./MoM)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nCrypto Market Sell-Off Sends Bitcoin Below $19K Ahead of Upcoming Fed Decision\nBitcoin, ether and the broader crypto market take a big hit once more as investors expect the Federal Reserve to raise interest rates again this week. Adam Sze of Global X ETFs shared his crypto markets outlook. And Rep. Jim Himes (D-Conn.), speaking with CoinDesk\'s Nikhilesh De, discusses the "notable momentum" he sees in crypto regulation in Washington.\nGoldman\'s Bullish Stance on \'Real Bond Yield\' Spells Bad News for Crypto:Real yields turned positive early early this year, removing the punch bowl that lubricated the party in risky assets, including cryptoc Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-09-20 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $371,516,432,948 - Hash Rate: 242133486.5841857 - Transaction Count: 269773.0 - Unique Addresses: 650202.0 Social & AI Sentiment: - Fear & Greed Index: 0.23 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: * Europe's STOXX and U.S. futures edge up slightly * Markets await U.S. CPI report at 1230 GMT * Economists expect 8.7% U.S. inflation -Reuters poll By Lawrence White LONDON, Aug 10 (Reuters) - Stocks and bonds steadied on Wednesday, while the dollar edged lower ahead of U.S. inflation data that could give clues to the Federal Reserve's appetite for more aggressive rate rises. The Consumer Price Index (CPI) report will be released at 1230 GMT, with markets watching for signs that inflation eased in July despite unexpectedly strong U.S. jobs numbers last week. The market is pricing in a 69.5% chance of a 75 basis point rate increase at the Fed's next meeting. Economists polled by Reuters expect the CPI to show year-on-year headline inflation of 8.7%, far above the Fed's target of 2% but down from last month's red-hot 9.1%. Europe's benchmark STOXX index edged up 0.08%, after a 1% fall in the MSCI's broadest index of Asia-Pacific shares outside Japan as Chinese inflation data pointed to prices rising 2.7% in July, below expectations. "I don’t think that we are through the bear market woods yet – recession risks loom and I don’t think the Fed is done with its aggressive belt tightening," said David Chao, a global market strategist for Asia Pacific ex-Japan at Invesco. "I don’t think markets have fully discounted these variables. This week’s inflation data will certainly give us more clarity of the Fed’s near-term policy outlook." U.S. markets looked set to open broadly flat, with S&P 500 futures up 0.18% as investors awaited the key data. "Today’s inflation data follows a strong US jobs report last week, that slightly eases fears of a near-term recession, but suggests the economy’s still in need of some cooling," said Matt Britzman, equity analyst at Hargreaves Lansdown. ECB HIKE The dollar edged down, showing signs of resuming a retreat that began in the middle of July. The dollar index, which measures the greenback against six major peers, was down 0.24% at 106.1, possibly hinting at weaker CPI expectations. Story continues Euro zone bond yields crept lower as Refinitiv data showed traders pricing in a second consecutive 50 basis-point hike from the European Central Bank at its September meeting. Money markets in the bloc are now pricing in a 100% chance of a 50 basis-point hike from the ECB next month, up from 95% on Tuesday and around a 50% chance last week, the data showed. Germany's 10-year government bond yield DE10YT=RR was down 2 basis points at 0.904%.. Analysts noted the U.S. data due Wednesday represent a lagging indicator that might not yet show inflation softening, and yield curves could flatten or invert further. A flattening yield curve is usually seen as a sign of an economic slowdown and inversions as predictors of recessions. As measured by the gap between two- and 10-year yields, the U.S. curve is deeply inverted at below minus 40 bps. Oil prices fell after industry data showed U.S. crude inventories unexpectedly rose last week, signalling a possible hiccup in demand. Brent crude futures fell $1.22 to $95.13 a barrel, while U.S. West Texas Intermediate (WTI) crude was down $1.25 cents to $89.27. Gold also pared gains and was down 0.26% at $1,789.5 an ounce. It briefly broke through the $1,800 barrier overnight for the first time in more than a month. Bitcoin, which often tracks tech stocks, fell 0.25% to $23,082. (Reporting by Lawrence White and Sam Byford; Additional reporting by Sujata Rao; Editing by Lincoln Feast, Robert Birsel and Alexander Smith)... - Reddit Posts (Sample): [['u/muybienfrutas', 'Just sayin', 115, '2022-09-20 00:28', 'https://www.reddit.com/r/Monero/comments/xiqv0f/just_sayin/', 'Bitcoin is no better than a CBDC, it just seems sexier and different to the ill informed.\n\nIt’s not censorship resistant, it facilitates censorship perfectly.\n\nIt’s not private, it’s open for all to see.\n\nIt’s not fungible, virgin Bitcoin and tainted Bitcoin exist due to this fact.\n\nBitcoin is fundamentally flawed.\n\nMonero by design, avoids all these pitfalls and does so with smooth brilliance.\n\nMonero is truly private, anonymous, fungible money and it’s ready to use out of the box right now, no future promises required.\n\nMonero is money and dare I say, the greatest money in existence.\n\nUse it.', 'https://www.reddit.com/r/Monero/comments/xiqv0f/just_sayin/', 'xiqv0f', [['u/OfWhomIAmChief', 34, '2022-09-20 00:44', 'https://www.reddit.com/r/Monero/comments/xiqv0f/just_sayin/ip4hph5/', 'Preaching to the choir my friend however I still love reading it lol', 'xiqv0f'], ['u/bawdyanarchist', 15, '2022-09-20 01:30', 'https://www.reddit.com/r/Monero/comments/xiqv0f/just_sayin/ip4nl4b/', 'One of the first things that Hal Finney said about Bitcoin, was trying to find ways to make it more private. Satoshi was also significantly bothered by the lack of privacy.', 'xiqv0f'], ['u/muybienfrutas', 13, '2022-09-20 01:56', 'https://www.reddit.com/r/Monero/comments/xiqv0f/just_sayin/ip4qyta/', 'I posted this on r/cryptocurrency 🫡', 'xiqv0f'], ['u/couchguitar', 17, '2022-09-20 01:59', 'https://www.reddit.com/r/Monero/comments/xiqv0f/just_sayin/ip4rc78/', "Monero was built on the shoulders of giants. Thats why its awesome 👌 BTC is the grand papi of it all and while it has set backs, its altruistic philisophy of decentralization and trust-lessness embodies a new hope for a fairer world. We dont see as much in the First World, but in places like Turkey and Lebanon, its literally saving the lives of people suffering from hyperinflation. \n\nMonero isn't doing this yet. Totally could if it wanted too, but adoption is not near that of the BTC yet. CBDCs are in my opinion just chains to enslave the Cryptoverse. Resist using TradFi utilities in the cryptoverse, they want to control DeFi and take away our freedoms and our potential to gain digital wealth", 'xiqv0f'], ['u/aknalid', 15, '2022-09-20 02:17', 'https://www.reddit.com/r/Monero/comments/xiqv0f/just_sayin/ip4tir6/', ">Preaching to the choir my friend however I still love reading it lol\n\nGimme summa dat confirmation bias too.\n\nLet's share it haha", 'xiqv0f'], ['u/krevdditn', 11, '2022-09-20 02:40', 'https://www.reddit.com/r/Monero/comments/xiqv0f/just_sayin/ip4wi34/', 'how does someone acquire this monero without anyone finding out and without being scammed in the process?', 'xiqv0f'], ['u/No_Industry9653', 13, '2022-09-20 02:54', 'https://www.reddit.com/r/Monero/comments/xiqv0f/just_sayin/ip4ya0e/', 'I think you are underestimating how bad CBDCs are. Even with all your criticisms of BTC being absolutely correct, they are still much worse.', 'xiqv0f'], ['u/wallabrush99', 12, '2022-09-20 07:15', 'https://www.reddit.com/r/Monero/comments/xiqv0f/just_sayin/ip5rea1/', 'Without anyone finding out.. well, theft or mining! \n\nNo but seriously, sites like shapeshift.ai makes it easy to swap with many coins. Or just trade and withdraw on centralized exchange like kucoin if you dont want to risk being scammed. \n\n\nFor non-kyc buying with fiat i recommend lolcalmonero.co or Bisq', 'xiqv0f']]], ['u/808chewbear', 'Coinbase blocked my account with $thousands in bitcoin after I moved to Hawaii', 47, '2022-09-20 03:43', 'https://www.reddit.com/r/CoinBase/comments/xivgjq/coinbase_blocked_my_account_with_thousands_in/', 'I lived in CA when I opened my coinbase account, and then moved to Hawaii couple years back not knowing that coinbase could not operate in Hawaii. a few weeks ago my coinbase account was restricted because I uploaded a HI state id for acct verification, again not knowing that coinbase can\'t work here. The restricted account would only allow access to exit the bitcoin to an external wallet. Frustrating, but fine, I get it...\n\nA few weeks later, I get another wallet and ready to move the bitcoin out, I try to login, and I get a "blocked" message, so I can\'t now even get into the restricted functionality to exit my funds. I had a few phone calls with support and they escalated, but the email message I got was to:\n\n"It appears that you reside in a state without access to Coinbase services. If your state of residence needs to be corrected, please provide a full copy of a bank statement or utility bill that shows your name and current residential address, dated within 30 days."\n\nNot sure they get that I am just trying to move my bitcoin out at this point, so that I can close my account.\n\nMy Case #13112287, hopefully will see a response from Coinbase to my post here or my emails back to them.\n\nUpdate Sep 26, 2022 - No Progress! After nearly a week after I uploaded documentation with my current HI address along with a note explaining above, there was no acknowledgement of what I sent, any reference to the functionality I was provided before my account was blocked, or when said functionality would be made available again with my account unblocked.... only the same generic / robo email I got before:\n\nThanks for contacting us.\n\nIt appears that you reside in a state without access to Coinbase services. If your state of residence needs to be corrected, please provide a full copy of a bank statement or utility bill that shows your name and current residential address, dated within 30 days.\n\nYou can upload this document through our secure file transfer portal using the same email address registered on the account, please see: \\[link removed\\]\n\nWe recommend using a Google Chrome desktop browser rather than a mobile browser. After you complete the upload, we will proceed with your verification and contact you with next steps.\n\nRegards,Coinbase Support\\\\📷\n\nu/coinbasesupport can you please help here and escalate? Clearly this is not a helpful response. Disappointing and frustrating.', 'https://www.reddit.com/r/CoinBase/comments/xivgjq/coinbase_blocked_my_account_with_thousands_in/', 'xivgjq', [['u/Kiwip0rn', 26, '2022-09-20 03:56', 'https://www.reddit.com/r/CoinBase/comments/xivgjq/coinbase_blocked_my_account_with_thousands_in/ip56dj7/', "They will allow access to transfer out to a different Wallet when the right Customer Support person gets ahold of your case. \n\nMeanwhile! Start pounding the State's Legislature and authorities to allow Coinbase for its citizens like the other 49 states. It is ridiculous that whatever the problem is, has continued, at least make it overly, supid, difficult like NY.", 'xivgjq']]], ['u/MaximumSandwich5', '"If I put our reserves in Bitcoin, please put me in Kamiti (a maximum security prison) and throw away the key because I\'ll be out of my mind." says Patrick Njoroge - Governer of the Central Bank of Kenya', 52, '2022-09-20 03:59', 'https://www.reddit.com/r/CryptoCurrency/comments/xivtl8/if_i_put_our_reserves_in_bitcoin_please_put_me_in/', "Patrick Njoroge, said through a now-viral tweet that he should be put in a maximum security prison if he ever poured his country's reserves into bitcoin. He is a Kenyan economist, banker and the ninth governor of the Central Bank of Kenya.\n\n> I can assure you that I have a lot of people who have been pushing me to put our reserves in bitcoin. If I do that, please put me in Kamiti and throw away the key because I’ll be out of my mind.\n\nhttps://twitter.com/Kenyans/status/1571873114262224898?t=8IGTr4DbAMKRReVokM1mTQ&s=19", 'https://www.reddit.com/r/CryptoCurrency/comments/xivtl8/if_i_put_our_reserves_in_bitcoin_please_put_me_in/', 'xivtl8', [['u/Blockchain_Benny', 14, '2022-09-20 04:07', 'https://www.reddit.com/r/CryptoCurrency/comments/xivtl8/if_i_put_our_reserves_in_bitcoin_please_put_me_in/ip57s44/', 'Obviously it’s only possible to either put none of the reserves into bitcoin or all of them into bitcoin', 'xivtl8'], ['u/Apelcina', 55, '2022-09-20 04:21', 'https://www.reddit.com/r/CryptoCurrency/comments/xivtl8/if_i_put_our_reserves_in_bitcoin_please_put_me_in/ip59hbp/', 'He’ll fomo at the top', 'xivtl8'], ['u/reddito321', 11, '2022-09-20 04:27', 'https://www.reddit.com/r/CryptoCurrency/comments/xivtl8/if_i_put_our_reserves_in_bitcoin_please_put_me_in/ip5a8ls/', 'He would change his mind after leaving jail and being 100%+ in profit lmaoo', 'xivtl8'], ['u/SmallReflection2552', 12, '2022-09-20 04:38', 'https://www.reddit.com/r/CryptoCurrency/comments/xivtl8/if_i_put_our_reserves_in_bitcoin_please_put_me_in/ip5bmq9/', "It probably would be a bad idea. You don't have to be a Kenyan Economist to figure that out.", 'xivtl8'], ['u/carax01', 14, '2022-09-20 05:56', 'https://www.reddit.com/r/CryptoCurrency/comments/xivtl8/if_i_put_our_reserves_in_bitcoin_please_put_me_in/ip5kb47/', 'Not your keys, not your prison.', 'xivtl8'], ['u/Electrical_Potato_21', 31, '2022-09-20 06:57', 'https://www.reddit.com/r/CryptoCurrency/comments/xivtl8/if_i_put_our_reserves_in_bitcoin_please_put_me_in/ip5pv8u/', 'If you look at the subtext, the man is definitely saying "Lock me up for a forced hodl, for I fear I have paper hands."', 'xivtl8']]], ['u/GemStateStacker', 'Being a Mod in this sub', 391, '2022-09-20 04:07', 'https://www.reddit.com/r/SafeMoon/comments/xivzuq/being_a_mod_in_this_sub/', 'A little over a month ago I was asked if I wanted to be a mod. I like Reddit and am active in a handful of subs, so I thought why not give it a try. I was here before ATH and I’ve been here all along the way; sometimes spending way too much time reading posts and being semi active in responding. Hell I even went to the first Cryptopia and chatted with John and spent about 30 mins talking with Ryan (posted a pic a long time ago about that).\n\nI said yes becaus... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['TORONTO, Sept. 20, 2022 (GLOBE NEWSWIRE) -- Purpose Investments Inc. (“Purpose”) is pleased to announce distributions for the month of September 2022 for its open-end exchange traded funds and closed-end funds (“the Funds”).\nThe ex-distribution date for all ETFs is September 27, 2022, with the exception of Purpose Bitcoin Yield ETF and Purpose Ether Yield ETF, which will have an ex-distribution date of September 28, 2022, as well as Purpose High Interest Savings ETF and Purpose US Cash Fund, which have an ex-distribution date of September 29, 2022. The ex-distribution date for all closed-end funds is September 28, 2022.\n[{"Open-End Funds": "Purpose Core Dividend Fund - ETF Series", "Ticker Symbol": "PDF", "Distribution per share/unit": "$0.10501", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Enhanced Dividend Fund \\u2013 ETF Series", "Ticker Symbol": "PDIV", "Distribution per share/unit": "$0.05221", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Total Return Bond Fund - ETF Series", "Ticker Symbol": "PBD", "Distribution per share/unit": "$0.05201", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Real Estate Income Fund \\u2013 ETF Series", "Ticker Symbol": "PHR", "Distribution per share/unit": "$0.07201", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Monthly Income Fund - ETF Series", "Ticker Symbol": "PIN", "Distribution per share/unit": "$0.08301", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Premium Yield Fund \\u2013 ETF Series", "Ticker Symbol": "PYF", "Distribution per share/unit": "$0.08301", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Premium Yield Fund Non-Currency Hedged USD \\u2013 ETF Series", "Ticker Symbol": "PYF.U", "Distribution per share/unit": "US $ 0.08851", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Premium Yield Fund Non-Currency Hedged \\u2013 ETF Series", "Ticker Symbol": "PYF.B", "Distribution per share/unit": "$0.08851", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Canadian Financial Income Fund \\u2013 ETF Series", "Ticker Symbol": "BNC", "Distribution per share/unit": "$0.08501", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Conservative Income Fund \\u2013 ETF Series", "Ticker Symbol": "PRP", "Distribution per share/unit": "$0.05401", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose International Tactical Hedged Equity Fund \\u2013 ETF Series", "Ticker Symbol": "PHW", "Distribution per share/unit": "$0.10001", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Quarterly"}, {"Open-End Funds": "Purpose Diversified Real Asset Fund \\u2013 ETF Series", "Ticker Symbol": "PRA", "Distribution per share/unit": "$0.16501", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Quarterly"}, {"Open-End Funds": "Purpose Enhanced Premium Yield Fund \\u2013 ETF Series", "Ticker Symbol": "PAYF", "Distribution per share/unit": "$0.11811", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose International Dividend Fund \\u2013 ETF Units", "Ticker Symbol": "PID", "Distribution per share/unit": "$0.0780", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose US Dividend Fund \\u2013 ETF Units", "Ticker Symbol": "PUD", "Distribution per share/unit": "$0.0650", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose US Dividend Fund Non-Currency Hedged \\u2013 ETF Units", "Ticker Symbol": "PUD.B", "Distribution per share/unit": "$0.0760", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Global Bond Fund \\u2013 ETF Units", "Ticker Symbol": "BND", "Distribution per share/unit": "$0.0585", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose High Interest Savings ETF", "Ticker Symbol": "PSA", "Distribution per share/unit": "$0.1390", "Record Date": "09/29/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose US Cash Fund \\u2013 ETF Units", "Ticker Symbol": "PSU.U", "Distribution per share/unit": "US$ 0.2091", "Record Date": "09/29/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Strategic Yield Fund \\u2013 ETF Units", "Ticker Symbol": "SYLD", "Distribution per share/unit": "$0.0970", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Multi-Asset Income Fund \\u2013 ETF Units", "Ticker Symbol": "PINC", "Distribution per share/unit": "$0.0840", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Global Bond Class \\u2013 ETF Units", "Ticker Symbol": "IGB", "Distribution per share/unit": "$0.06021", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Canadian Preferred Share Fund \\u2013 ETF Units", "Ticker Symbol": "RPS", "Distribution per share/unit": "$0.0950", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Core Equity Income Fund \\u2013 ETF Series", "Ticker Symbol": "RDE", "Distribution per share/unit": "$0.08001", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose US Preferred Share Fund \\u2013 ETF Units", "Ticker Symbol": "RPU", "Distribution per share/unit": "$0.0940", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose US Preferred Share Fund Non-Currency Hedged \\u2013 ETF Units2", "Ticker Symbol": "RPU.B / RPU.U", "Distribution per share/unit": "$0.0940", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Emerging Markets Dividend Fund \\u2013 ETF Units", "Ticker Symbol": "REM", "Distribution per share/unit": "$0.0580", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Global Flexible Credit Fund \\u2013 ETF Units", "Ticker Symbol": "FLX", "Distribution per share/unit": "$0.0297", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Global Flexible Credit Fund - Non-Currency Hedged USD \\u2013 ETF Units", "Ticker Symbol": "FLX.U", "Distribution per share/unit": "US$ 0.0375", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Global Flexible Credit Fund - Non-Currency Hedged \\u2013 ETF Units", "Ticker Symbol": "FLX.B", "Distribution per share/unit": "$0.0365", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Black Diamond Global Equity Fund \\u2013 ETF Units", "Ticker Symbol": "BDEQ", "Distribution per share/unit": "$0.0112", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Black Diamond Distressed Opportunities Fund \\u2013 ETF Units", "Ticker Symbol": "BDOP", "Distribution per share/unit": "$0.0075", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Marijuana Opportunities Fund \\u2013 ETF Units", "Ticker Symbol": "MJJ", "Distribution per share/unit": "$0.0100", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Quarterly"}, {"Open-End Funds": "Purpose Credit Opportunities Fund \\u2013 ETF Units", "Ticker Symbol": "CROP", "Distribution per share/unit": "$0.0875", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Bitcoin Yield ETF \\u2013 ETF Units", "Ticker Symbol": "BTCY", "Distribution per share/unit": "$0.0315", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Bitcoin Yield ETF \\u2013 ETF Non-Currency hedged Units", "Ticker Symbol": "BTCY.B", "Distribution per share/unit": "$0.0.345", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Bitcoin Yield ETF \\u2013 ETF Units Non-Currency Hedged USD Units", "Ticker Symbol": "BTCY.U", "Distribution per share/unit": "US$ 0.0410", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Ether Yield ETF \\u2013 ETF Units", "Ticker Symbol": "ETHY", "Distribution per share/unit": "$0.0270", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Ether Yield ETF \\u2013 ETF Non-Currency hedged Units", "Ticker Symbol": "ETHY.B", "Distribution per share/unit": "$0.0320", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-09-21 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $364,948,933,606 - Hash Rate: 224610668.47611964 - Transaction Count: 260924.0 - Unique Addresses: 632611.0 Social & AI Sentiment: - Fear & Greed Index: 0.23 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: • US stocks fell on Friday after July's strong jobs report showed big gains despite fears of a recession. • The US added 528,000 new jobs in July, about double expectations as the unemployment rate fell to 3.5%. • The strong employment gains will keep pressure on the Fed to continue with its interest rate hikes. US stocks fell on Friday as investors digested the implications of a stronger-than-expected July employment report. The US economy added 528,000 new jobs in July, which was more than double the consensus economist estimate of 250,000 new jobs. The strong gains were driven in part by the hospitality sector and resulted in the unemployment rate falling to 3.5% from 3.6%. While the jobs report is good news for the US economy, as it bucks the idea that a recession is imminent, it also puts pressure on the Federal Reserve to continue with its aggressive interest rate hikes as it attempts to tame inflation. Here's where US indexes stood shortly after the 9:30 a.m. ET open on Friday: • S&P 500:4,124.38, down 0.66% • Dow Jones Industrial Average:32,582.74, down 0.44% (144.08 points) • Nasdaq Composite:12,595.09, down 0.99% The July jobs report also showed a better-than-expected gain in average hourly earnings, with a 0.5% increase to $32.17, ahead of estimates for a gain of just 0.3%. Also putting pressure on stocks was the Democrats' Inflation Reduction Act, which seems to now have full support of all 50 Senate Democrats needed to pass the reconciliation bill. The agreement made Thursday evening between Krysten Sinema and Chuck Schumer scraps the closing of the carried interest tax break, and insteadimposes a 1% excise tax on stock buybacks. Corporate stock buyback programs have long been seen as a big source of demand for US equities, and JPMorgan estimated earlier this year that stock buyback programs would hita record $1 trillion in 2022.A 1% tax may not be high enough to fully deter the practice, as dividends get taxed at a higher rate, but it could ultimately reduce demand for stocks. European gas prices are on track torise for the third consecutive weekas Russia continues to threaten cutoffs in its supply. Meanwhile, Russia has taken the second top spot in exporting oil to India as it sells the commodity at a discounted price. West Texas Intermediate crudeoil fell 1.07% to $87.59 per barrel.Brent crude, oil's international benchmark, dropped 0.92% to $93.25. Bitcoin fell 0.66% to $23,027. Ether prices rose 0.78% to $1,674. Goldfell 1.30% to $1,783.40 per ounce. The yield on the 10-year Treasury rose 12 basis points to 2.82%. Read the original article onBusiness Insider... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['By Herbert Lash and Marc Jones\nNEW YORK/LONDON (Reuters) - The yen spiked higher on Thursday after the Federal Reserve\'s strong stance on rates the day before roiled the outlook for bonds and stocks while forcing Japan to intervene in FX markets to support its currency for the first time since 1998.\nThe dollar slid after surging to fresh two-decade highs following the Fed\'s raising of interest rates on Wednesday by a hefty 75 basis points. Its projection of more large increases to come cemented a "higher for longer" view on rates.\nThe bond market responded with the part of the yield curve measuring the gap between two- and 10-year Treasury notes inverting the most since at least 2000. The measure, a signal of a likely recession in a year or two, later eased a bit to stand at -42.0 basis points.\nStocks fell further on Wall Street and in Europe, where Russia\'s threat on Wednesday to use nuclear weapons amplified the existing economic pain and volatility from the Ukraine war. The major British, German and French bourses tumbled more than 1%.\nBut the day\'s big news was Tokyo swooping in to support the yen soon after Europe opened. While such a move had seemed imminent for weeks - the yen has fallen 20% this year, almost half of that in the last six weeks - it still packed a punch.\nThe Japanese currency surged almost 4% to 140.31 to the dollar from 145.81 in a little over 40 minutes. The yen was last up 1.17% versus the greenback at 142.36.\nGraphic: Japan intervenes to prop up weak yen https://graphics.reuters.com/JAPAN-ECONOMY/klvykaaobvg/chart_eikon.jpg\nCentral banks hiking rates around the world and Japan fighting back against the weak yen cooled the dollar\'s latest burst to fresh highs, said Joe Manimbo, U.S. senior market analyst at Convera.\n"But the Fed\'s unflinching determination to restore 2% inflation is likely to keep the buck well-supported for the foreseeable future," Manimbo added.\nWith the dollar stalled, the euro edged up 0.01% to $0.9839 and other currencies gained as well.\nTokyo\'s move came just hours after the Bank of Japan maintained super-low rates, fighting the global tide of monetary tightening by the U.S. and other central banks trying to rein in roaring inflation.\nVolatility and uncertainty have risen as the market comes to grips with a policy regime that is reducing liquidity after a decade of abundance, said David Bahnsen, chief investment officer at wealth manager The Bahnsen Group in Newport Beach, California.\n"Excessive quantitative easing over the past decade is going to result in excessive tightening and the market has no way to properly price what this means for valuations," Bahnsen said.\nOn Wall Street, the Dow Jones Industrial Average closed down 0.36%, the S&P 500 dropped 0.85% and the rate-sensitive Nasdaq Composite slid 1.37%.\nThe likelihood of a recession if the Fed maintains its rate-hiking stance suggests earnings will come down 15% next year, said Mike Mullaney, director of global markets at Boston Partners.\nExcluding the energy sector, the estimated growth rate for the S&P 500 in the third quarter already has declined by 1.7%, according to Refinitiv data.\n"We\'re going to revisit the (June) lows," Mullaney said of the S&P 500. "The number being thrown around by the bears is 3200. Under a recessionary scenario that\'s definitely in play."\nIn Europe, the pan-regional STOXX 600 index lost 1.79% to close below 400 for the first time since January 2021. MSCI\'s gauge of global stock performance shed 1.04%, breaking below this year\'s bottom to touch lows last seen in November 2020.\nMSCI\'s emerging markets index fell 0.90% and Asian stocks marched overnight to a two-year low after the Fed\'s rate hike and outlook.\nThe median of Fed officials\' own outlook has U.S. rates at 4.4% by year\'s end - 100 bps higher than their June projection - and even higher, at 4.6%, by the end of 2023.\nFutures scrambled to catch up. The yield on two-year Treasuries hit a 15-year high of 4.135% in Asia and were last at 4.120%. Ten-year yields set fresh 11-year highs and were last up 19 basis points at 3.702%.\nIn Europe, Germany\'s rate-sensitive two-year bond yield rose to 1.897%, its highest since May 2011, before easing to 1.833%.\nGraphic: Yen sees historic drop https://fingfx.thomsonreuters.com/gfx/mkt/lgvdwddjapo/Pasted%20image%201663838463801.png\nFOLLOW THE FED\nThe Swiss National Bank also pulled up its rates by 75 basis points, only the second increase in 15 years. The move ended a 7-1/2-year spell with negative rates.\nAlso in Europe, Norway and Britain raised rates by 50 bps with traders seeing plenty more ahead.\nThe pound rose modestly on the day after hitting a 37-year low of $1.1213 overnight on growing worries about the state of Britain\'s finances. Sweden\'s crown had also touched a record low despite the country\'s steepest rate hike in a generation earlier this week.\nThe global economic outlook is helping drive the dollar higher as U.S. yields look attractive and investors think other economies look too fragile to sustain rates as high as those contemplated by the Fed.\nJapan and China are outliers and their currencies are sliding particularly hard.\nThe dollar\'s rise has also sent emerging market currencies tumbling and punished cryptocurrencies and commodities.\nLira traders were left wincing again as Turkey, where inflation is running at around 85%, defied economic orthodoxy and slashed another 100 basis points off its interest rates.\nOil rose in volatile trading on concerns an escalation of the war in Ukraine could further hurt supply.\nBrent crude futures settled up 63 cents at $90.46 a barrel and U.S. crude rose 55 cents to settle at $83.49.\nU.S. gold futures settled 0.3% higher at $1,681.10 an ounce.\nBitcoin rose 4.76% to $19,345.00.\nGraphic: Central banks ramp up fight against inflation https://graphics.reuters.com/GLOBAL-CENTRALBANKS/klvykaanlvg/chart.png\n(Reporting by Herbert Lash, Additional reporting by Marc Jones in London, Tom Westbrook in Sydney; Editing by Kirsten Donovan, Nick Zieminski and Richard Chang)', 'By Herbert Lash and Marc Jones NEW YORK/LONDON (Reuters) - The yen spiked higher on Thursday after the Federal Reserve\'s strong stance on rates the day before roiled the outlook for bonds and stocks while forcing Japan to intervene in FX markets to support its currency for the first time since 1998. The dollar slid after surging to fresh two-decade highs following the Fed\'s raising of interest rates on Wednesday by a hefty 75 basis points. Its projection of more large increases to come cemented a "higher for longer" view on rates. The bond market responded with the part of the yield curve measuring the gap between two- and 10-year Treasury notes inverting the most since at least 2000. The measure, a signal of a likely recession in a year or two, later eased a bit to stand at -42.0 basis points. Stocks fell further on Wall Street and in Europe, where Russia\'s threat on Wednesday to use nuclear weapons amplified the existing economic pain and volatility from the Ukraine war. The major British, German and French bourses tumbled more than 1%. But the day\'s big news was Tokyo swooping in to support the yen soon after Europe opened. While such a move had seemed imminent for weeks - the yen has fallen 20% this year, almost half of that in the last six weeks - it still packed a punch. The Japanese currency surged almost 4% to 140.31 to the dollar from 145.81 in a little over 40 minutes. The yen was last up 1.17% versus the greenback at 142.36. Graphic: Japan intervenes to prop up weak yen https://graphics.reuters.com/JAPAN-ECONOMY/klvykaaobvg/chart_eikon.jpg Central banks hiking rates around the world and Japan fighting back against the weak yen cooled the dollar\'s latest burst to fresh highs, said Joe Manimbo, U.S. senior market analyst at Convera. "But the Fed\'s unflinching determination to restore 2% inflation is likely to keep the buck well-supported for the foreseeable future," Manimbo added. With the dollar stalled, the euro edged up 0.01% to $0.9839 and other currencies gained as well. Tokyo\'s move came just hours after the Bank of Japan maintained super-low rates, fighting the global tide of monetary tightening by the U.S. and other central banks trying to rein in roaring inflation. Volatility and uncertainty have risen as the market comes to grips with a policy regime that is reducing liquidity after a decade of abundance, said David Bahnsen, chief investment officer at wealth manager The Bahnsen Group in Newport Beach, California. "Excessive quantitative easing over the past decade is going to result in excessive tightening and the market has no way to properly price what this means for valuations," Bahnsen said. Story continues On Wall Street, the Dow Jones Industrial Average closed down 0.36%, the S&P 500 dropped 0.85% and the rate-sensitive Nasdaq Composite slid 1.37%. The likelihood of a recession if the Fed maintains its rate-hiking stance suggests earnings will come down 15% next year, said Mike Mullaney, director of global markets at Boston Partners. Excluding the energy sector, the estimated growth rate for the S&P 500 in the third quarter already has declined by 1.7%, according to Refinitiv data. "We\'re going to revisit the (June) lows," Mullaney said of the S&P 500. "The number being thrown around by the bears is 3200. Under a recessionary scenario that\'s definitely in play." In Europe, the pan-regional STOXX 600 index lost 1.79% to close below 400 for the first time since January 2021. MSCI\'s gauge of global stock performance shed 1.04%, breaking below this year\'s bottom to touch lows last seen in November 2020. MSCI\'s emerging markets index fell 0.90% and Asian stocks marched overnight to a two-year low after the Fed\'s rate hike and outlook. The median of Fed officials\' own outlook has U.S. rates at 4.4% by year\'s end - 100 bps higher than their June projection - and even higher, at 4.6%, by t Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-09-22 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $368,895,969,281 - Hash Rate: 203901883.4393143 - Transaction Count: 245794.0 - Unique Addresses: 614742.0 Social & AI Sentiment: - Fear & Greed Index: 0.22 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin fell below the US$20,000 support line in Friday morning trading in Asia, while Ether saw a sell-off following the long-awaited network “Merge” on Thursday. The total cryptocurrency market capitalization fell below US$1 trillion as all top 10 tokens were trading down. See related article: Ethereum says Merge upgrade successfully completed, more to come Fast facts Bitcoin fell 2.7% in the past 24 hours to trade at US$19,707 at 8 a.m. in Hong Kong, while Ether (ETH) fell 10% to US$1,471 – its lowest since Aug 29 and the biggest drop among the top 10 cryptocurrencies – according to data from CoinMarketCap . The Ethereum network “ Merge ” was completed with the deployment of the final upgrade known as “Paris,” which is expected to slash the network’s electricity use by up to 99.95% while improving transaction speeds . However, some investors said the Merge had been long priced into the Ether token, hence the selling after it was completed. As for the new network itself: “Ethereum’s initial post-Merge performance looks favorable with a very limited number of missed blocks and a high participation rate,” said Milosz Papst, director at investment research firm Edison Group in a statement shared with Forkast . Some Ether miners rejected the Merge as it would cut their revenue and created a fork to keep running the previous network. However, the currency for this fork, ETHPoW, lost 71% of its value to trade as low as US$9.98 on Thursday morning. Ethereum Classic (ETC) – the original chain from which ETH was forked – also declined, losing 9.54% to US$35.61. U.S. equities fell Thursday. The Dow Jones Industrial Average closed 0.6% lower, the S&P 500 Index fell 1.1% and the Nasdaq Composite Index finished off 1.4%. The U.S. Labor Department on Thursday said unemployment claims fell in the week ended Sept. 10 to the lowest since May, suggesting a robust economy that may support an aggressive interest rate increase by the Federal Reserve next week as the central bank has made taming inflation its priority. August retail sales figures in the U.S. also released on Thursday came in higher than expected with a 0.3% increase from July. See related article: Ethereum’s last PoW and first PoS NFTs minted for 67.5 ETH View comments... - Reddit Posts (Sample): [['u/nullc', "Guess who's baaaack. wait. no, not A. Back. I mean guess who has returned? no no, not op_return. darnit.", 44, '2022-09-22 00:36', 'https://www.reddit.com/r/bsv/comments/xkjcm1/guess_whos_baaaack_wait_no_not_a_back_i_mean/', 'After granting me a brief "vacation", the Reddit staff determined what everyone here who looked into it already knew: My post wasn\'t harassment and their permanent suspension of my account was an error. So I\'m back\\^wreturned\\^wnot gone now!\n\nUnfortunately the false reporting campaigns are still ongoing-- and probably will continue now that they\'ve shown some degree of effectiveness so long as the BSV scam continues at scale. :( It also looks like some of the other inappropriately suspended poster are still suspended, but the process may just be taking its sweet time.\n\nIf the false reporting campaign does end up taking more of this subreddit out-- perhaps we should regroup on Bitcointalk: it\'s operated by actual humans and bitcoin supportive ones at that-- zero probability that the scammers can threaten or bribe their way into shutting down criticism of their scam there. One of the things that struck me while I was banned was that I was almost completely cut off from my friends here and couldn\'t coordinate alternatives in case reddit was tricked or subverted-- they have to be established in advance.\n\nAny regular poster here that creates an account there can ping me in private to get me to whitelist you to bypass the newbie jailing on BCT.\n\nThis incident has also made it clear that we need to be more proactive in taking the message out to the wider media-- mocking the fraud from the sidelines is fun and does good but it\'s too vulnerable to being silenced.', 'https://www.reddit.com/r/bsv/comments/xkjcm1/guess_whos_baaaack_wait_no_not_a_back_i_mean/', 'xkjcm1', [['u/AlreadyBannedOnce', 11, '2022-09-22 00:53', 'https://www.reddit.com/r/bsv/comments/xkjcm1/guess_whos_baaaack_wait_no_not_a_back_i_mean/ipe9bql/', "Have you seen who's turned up missing while you were gone?", 'xkjcm1'], ['u/Zectro', 14, '2022-09-22 01:01', 'https://www.reddit.com/r/bsv/comments/xkjcm1/guess_whos_baaaack_wait_no_not_a_back_i_mean/ipeaikh/', 'I can already hear the conspiracy theories forming.', 'xkjcm1'], ['u/nullc', 17, '2022-09-22 03:39', 'https://www.reddit.com/r/bsv/comments/xkjcm1/guess_whos_baaaack_wait_no_not_a_back_i_mean/ipevzs0/', "No, basically I feel twitter epitomizes everything wrong with reddit.\n\nThe length limits and distribution model (which seems inspired by the movie dark city) are almost perfectly designed for building up shallowly justified fury and spreading it as far and fast as possible. I've seen twitter just outright ruin a lot of thoughtful people as they get infinitely mired into the pettiest of arguments, addicted to the rage twitter induces in them. I saw the best minds of my generation destroyed by madness, memed hysterical tweeting, dragging themselves through the hashtag lists at dawn looking for an anger fix, virtue-signaling hipsters burning for the ancient heavenly connection to the starry dynamo in the machinery of night.\n\nI think twitter is a great harm to not just its users but the world in general, and I won't contribute to it.\n\nReddit has been on its way there too-- it's changed a lot for the worse over the last 5 years, but for the moment the line I've drawn has twitter and facebook on the outside.", 'xkjcm1']]], ['u/Rehrar', 'Stack Wallet - An open-source multicoin lightwallet', 53, '2022-09-22 01:32', 'https://www.reddit.com/r/Monero/comments/xkkq5e/stack_wallet_an_opensource_multicoin_lightwallet/', "Introducing Stack Wallet, a new FOSS-licensed [open source](https://github.com/cypherstack/stack_wallet/), multicoin, lightwallet that respects your privacy. We proudly support Bitcoin. We proudly support Monero. Do you have shitcoins? We have wallets for some of those too >!with more on the way!<, but we aren't proud of it. The beta currently only supports mobile devices, but the desktop version is coming soon™️. The code monkeys say it'll take a month, but we can't make any promises.\n\nStack Wallet is in beta, but that doesn't mean we lack polish. Some bugs can be expected, but we're confident that you will appreciate the user friendliness of our interface. Check out a few screens from our Android app:\n\n&#x200B;\n\nhttps://preview.redd.it/z6frcbd7rap91.jpg?width=1080&format=pjpg&auto=webp&s=e8a26a3cb40d3b95c923fe17e1796165c0f744c7\n\n&#x200B;\n\nhttps://preview.redd.it/q2zvbaberap91.jpg?width=1080&format=pjpg&auto=webp&s=6115f35cdfba51664bddd4171cac1d339546d4a1\n\n&#x200B;\n\nhttps://preview.redd.it/xmiippffrap91.jpg?width=1080&format=pjpg&auto=webp&s=d6cc0de0fe4aa2b5720e923cc845d1515498b52c\n\n&#x200B;\n\nAre you convinced yet? Didn't think so. This is Monero. Our roots are in the Monero community, and it shows in our design. Our site and applications are privacy conscious - Privacy technology in supported cryptocurrencies always defaults to on or is made simple, and that means no trackers or third party data sharing. Ever. That is our promise to you. You can find resources about Stack Wallet on [our website](https://stackwallet.com), we have a list of features, frequently asked questions, our social media and support channels, and downloads to the latest version of our beta for both Android and iOS.\n\nEdit: App store links below!\n\n[Android](https://play.google.com/store/apps/datasafety?id=com.cypherstack.stackwallet) \n\n[iOS](https://apps.apple.com/us/app/stack-wallet-by-cypher-stack/id1634811534)", 'https://www.reddit.com/r/Monero/comments/xkkq5e/stack_wallet_an_opensource_multicoin_lightwallet/', 'xkkq5e', [['u/gr8ful4', 19, '2022-09-22 01:40', 'https://www.reddit.com/r/Monero/comments/xkkq5e/stack_wallet_an_opensource_multicoin_lightwallet/ipefu54/', 'Nice to see the ecosystem grow. Thank you for your effort.', 'xkkq5e']]], ['u/avndp', 'is it possible for Bitcoin to adopt Nano if the majority agrees?', 21, '2022-09-22 03:25', 'https://www.reddit.com/r/nanocurrency/comments/xkncti/is_it_possible_for_bitcoin_to_adopt_nano_if_the/', 'Technically, is it possible for Bitcoin to move to Nano technology if the majority agrees? Just like eth merged to POS?', 'https://www.reddit.com/r/nanocurrency/comments/xkncti/is_it_possible_for_bitcoin_to_adopt_nano_if_the/', 'xkncti', [['u/Nachodon', 28, '2022-09-22 04:56', 'https://www.reddit.com/r/nanocurrency/comments/xkncti/is_it_possible_for_bitcoin_to_adopt_nano_if_the/ipf62qv/', 'ETH “only” changed consensus layer from PoW to PoS, execution layer was not changed. That’s why it’s called “the merge” - existing execution layer and new PoS layer merged.\n\nFor Bitcoin to move to “Nano technology”, it would need to change both layers. Below I am making rough analogy that blockchain is Bitcoin’s execution layer.\n\n1. “Execution” layer: Can Bitcoin change from blockchain to blocklattice (DAG)?\n- this will be very challenging if not impossible to change to DAG while preserving existing balances, addresses & private keys. With Nano/DAG, each address has own blockchain. So Bitcoin existing ledger history would need to unmerge, separating all transactions belonging to 1 address to it’s own blockchain. And with Bitcoin’s UTXO model outputs of a block cannot be mapped 1:1 to input, believe it’s not mathematically possible to detangle Bitcoin’s 1 blockchain to many blockchains required for DAG.\n- assuming that easiest way is simply to create new network from scratch, with airdrop and claim method for existing Bitcoin holders. But transaction history and even balances would not be preserved. For example, if Satoshi is not alive anymore he won’t be able to claim. What happens with his Bitcoin stash? Does it get removed from supply and essentially redistributed to claimants? Or does it go to new developer fund? Either way, it’s not 1:1 mapping so essentially it’s not Bitcoin anymore.\n\n2. Consensus layer: Can Bitcoin change from PoW to ORV?\n- this could be feasible, but would need establish representatives from scratch\n- similar like Ethereum PoS had to change from miners to establish validators, it was running new PoS layer separately for long before the merge could be done seamlessly\n- Nano here has advantage as already has established network of reputable representatives\n\nI have limited understanding of Bitcoin, Nano and Ethereum. Hope someone with more tech knowledge can comment on feasibility especially regarding migration from blockchain to blocklattice.', 'xkncti'], ['u/SenatusSPQR', 11, '2022-09-22 08:45', 'https://www.reddit.com/r/nanocurrency/comments/xkncti/is_it_possible_for_bitcoin_to_adopt_nano_if_the/ipfsm1g/', 'Good answer I think! Thanks.', 'xkncti']]], ['u/Nobodyspecial2222', 'Sorry fellow AMPeroni’s…Last post for a while, I don’t want people to think I’m pumping this. Just sharing an opinion… Feel free to shit on it or chime in.', 29, '2022-09-22 04:01', 'https://www.reddit.com/r/AMPToken/comments/xko6gd/sorry_fellow_amperonislast_post_for_a_while_i/', 'Eventually AMP should turn over. \n\nThey all do at some point! Especially if they are active and pushing for their goals. \nClearly, Price doesn’t matter to them right now as much as the stuff they are behind on (SDK, etc). Once they catch up and adoption starts, it’s going to grow like a bad weed. SLOW AT FIRST, Then it starts sprouting buds…\n\nSo to buy anything down below .04 is an absolute steal and the only thing you need to do at this point is acquire as much patience as possible. Crypto literally was a get rich quick ordeal for a little while and now the entire sector is getting weeded out. In my 18 year tenure with investments (private equity, re, equites, yield chasing), I’ve yet to meet one person that had found a solid foundation for success from something of that genre. When I started out…I asked a lot of questions... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["TORONTO, ONTARIO, Sept. 22, 2022 (GLOBE NEWSWIRE) -- Coinsquare, Canada’s leading crypto asset trading platform, announced today that it has entered into a definitive agreement dated September 22, 2022 (the “Purchase Agreement”) with CoinSmart Financial Inc. (“CoinSmart”) to acquire all the issued and outstanding shares of its wholly-owned operating subsidiary Simply Digital Technologies Inc. (“Simply Digital”), which owns and operates the CoinSmart trading platform.\nWith this acquisition and integration, Coinsquare becomes one of Canada’s largest crypto asset trading platforms with a diversified and compliant offering across various business lines including both retail and institutional trading, crypto payment processing, and digital asset custody. Following the completion of the transaction, CoinSmart will hold approximately ~12% ownership stake in Coinsquare on a pro-forma basis, and the company will enjoy material revenue and cost synergies via cross selling opportunities and cost rationalization.\nCoinsquare is in the final stages of approval to become Canada’s first crypto asset trading platform regulated as an Investment Industry Regulatory Organization of Canada(“IIROC”)dealer and marketplace member.\n“This acquisition represents a monumental\xa0and exciting milestone for both companies and brings together two industry leading management teams.” Said Coinsquare, CEO Martin Piszel. “The cryptocurrency market is going through immense change with regulators defining a roadmap for platforms to operate in Canada. This has led to an ever-increasing cost structure and additional complexity in operating a viable crypto exchange.\xa0 We feel that scale and operational efficiency matter, and we are well positioned to play a leading role in defining the space in Canada.”\nKey Transaction Benefits include:\n• One of Canada’s Largest Crypto Asset Trading Platforms:combined company will have transacted over $10 billion in crypto transactions since January 2018 with a combined user base in excess of 1 million.\n• Complementary Platforms Leading to Synergies:Significant revenue and cost synergies via cross selling opportunities and cost rationalization.\n• Speed-to-market:leverage combined technologies to optimize tech stack and bring new features, functionality, and products to market faster.\n• New Business Lines to the Coinsquare Portfolio:such as SmartPay, an easy way to accept crypto payments by converting crypto to fiat with same day payouts.\n• Enhanced Education Portal: with CoinSmart’s Get Smart Hub, the community will have a robust destination for Crypto knowledge and learning tools – making learning easy and accessible for everyone.\n“Today is an exciting day for all of us at CoinSmart,” said CoinSmart CEO Justin Hartzman. “We are thrilled to be working alongside the Coinsquare team to build one of the largest regulated crypto asset trading platforms in Canada and I could not be more proud of what we have accomplished so far. With a diversified product suite, exceptional crypto talent, and one of the largest user bases in Canada, the combined company will be well-positioned to pursue its aggressive expansion plans. While the crypto market is in the building phase of its life cycle, this transaction will provide the torque needed to be in a favourable position entering the next bull run.”\n###\nContact Details:\nWachsman PREmail:[email protected]:[email protected]\nABOUT COINSQUARE:\nFounded in 2014, Coinsquare, a private company incorporated under the laws of Canada provides customers with a proprietary platform engineered to deliver a robust, secure, and intelligent interface for trading Bitcoin, Ethereum, Litecoin, and other digital assets. Coinsquare has grown to become Canada’s oldest operating digital asset firm, trading on behalf of over half a million Canadians. Coinsquare has raised over $100M in capital and has successfully executed trades in excess of $8 billion to date. For more information, please visitwww.coinsquare.com.\nABOUT COINSMART:CoinSmart is a leading Canadian-headquartered crypto asset trading platform dedicated to providing customers with an intuitive way for buying and selling digital assets, like Bitcoin and Ethereum. CoinSmart is one of the few crypto asset trading platforms in Canada to be registered as a marketplace with the Ontario Securities Commission. CoinSmart is also one of the first Canadian headquartered trading platforms to have an international presence, accepting customers across 40+ countries at a time when the digital asset industry continues to rapidly expand.\nCoinSmart further builds on its mission to make cryptocurrency accessible by providing educational resources tailored to every level of cryptocurrency knowledge and unparalleled 24/7 omni-channel customer support. Offering instant verification, industry leading cold wallet storage, advanced charting with order book functionality and over-the-counter premium services, CoinSmart ensures every client's needs are met with the highest level of quality and care.\nFor more information, please visitwww.coinsmart.com\nCONTACT: Liz Ridout Coinsquare Ltd. 416-471-9858 [email protected]", "TORONTO, ONTARIO, Sept. 22, 2022 (GLOBE NEWSWIRE) -- Coinsquare, Canada’s leading crypto asset trading platform, announced today that it has entered into a definitive agreement dated September 22, 2022 (the “ Purchase Agreement ”) with CoinSmart Financial Inc. (“ CoinSmart ”) to acquire all the issued and outstanding shares of its wholly-owned operating subsidiary Simply Digital Technologies Inc. (“ Simply Digital ”), which owns and operates the CoinSmart trading platform. With this acquisition and integration, Coinsquare becomes one of Canada’s largest crypto asset trading platforms with a diversified and compliant offering across various business lines including both retail and institutional trading, crypto payment processing, and digital asset custody. Following the completion of the transaction, CoinSmart will hold approximately ~12% ownership stake in Coinsquare on a pro-forma basis, and the company will enjoy material revenue and cost synergies via cross selling opportunities and cost rationalization. Coinsquare is in the final stages of approval to become Canada’s first crypto asset trading platform regulated as an Investment Industry Regulatory Organization of Canada (“IIROC”) dealer and marketplace member. “This acquisition represents a monumental\xa0and exciting milestone for both companies and brings together two industry leading management teams.” Said Coinsquare, CEO Martin Piszel. “The cryptocurrency market is going through immense change with regulators defining a roadmap for platforms to operate in Canada. This has led to an ever-increasing cost structure and additional complexity in operating a viable crypto exchange.\xa0 We feel that scale and operational efficiency matter, and we are well positioned to play a leading role in defining the space in Canada.” Key Transaction Benefits include: One of Canada’s Largest Crypto Asset Trading Platforms: combined company will have transacted over $10 billion in crypto transactions since January 2018 with a combined user base in excess of 1 million. Complementary Platforms Leading to Synergies: Significant revenue and cost synergies via cross selling opportunities and cost rationalization. Speed-to-market: leverage combined technologies to optimize tech stack and bring new features, functionality, and products to market faster. New Business Lines to the Coinsquare Portfolio: such as SmartPay, an easy way to accept crypto payments by converting crypto to fiat with same day payouts. Enhanced Education Portal : with CoinSmart’s Get Smart Hub, the community will have a robust destination for Crypto knowledge and learning tools – making learning easy and accessible for everyone. Story continues “Today is an exciting day for all of us at CoinSmart,” said CoinSmart CEO Justin Hartzman. “We are thrilled to be working alongside the Coinsquare team to build one of the largest regulated crypto asset trading platforms in Canada and I could not be more proud of what we have accomplished so far. With a diversified product suite, exceptional crypto talent, and one of the largest user bases in Canada, the combined company will be well-positioned to pursue its aggressive expansion plans. While the crypto market is in the building phase of its life cycle, this transaction will provide the torque needed to be in a favourable position entering the next bull run.” ### Contact Details: Wachsman PR Email: [email protected] Coinsquare Email: [email protected] ABOUT COINSQUARE: Founded in 2014, Coinsquare, a private company incorporated under the laws of Canada provides customers with a proprietary platform engineered to deliver a robust, secure, and intelligent interface for trading Bitcoin, Ethereum, Litecoin, and other digital assets. Coinsquare has grown to become Canada’s oldest operating digital asset firm, trading on behalf of over half a million Canadians. Coinsquare has raised over $100M in capital and has successfully executed trades in excess of $8 billion to date. For more information, please visit www.coinsquare.com . ABOUT COINSMART: CoinSmart is a leading Canadian-headquartered crypto asset trading platform dedicated to providing customers with an intuitive way for buying and selling digital assets, like Bitcoin and Ethereum. CoinSmart is one of the few crypto asset trading platforms in Canada to be registered as a marketplace with the Ontario Securities Commission. CoinSmart is also one of the first Canadian headquartered trading platforms to have an international presence, accepting customers across 40+ countries at a time when the digital asset industry continues to rapidly expand. CoinSmart further builds on its mission to make cryptocurrency accessible by providing educational resources tailored to every level of cryptocurrency knowledge and u Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-09-23 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $362,674,309,312 - Hash Rate: 215052767.68990183 - Transaction Count: 281419.0 - Unique Addresses: 689899.0 Social & AI Sentiment: - Fear & Greed Index: 0.20 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: In this photo illustration, an Ethereum logo seen displayed In this photo illustration, an Ethereum logo seen displayed on an android smartphone. Credit - Avishek Das/SOPA Images/LightRocket via Getty Images Last week was a celebratory one for Ethereum: the world’s second-largest blockchain successfully transitioned to Proof of Stake after a painstaking eight-year development process. (Read more here about the merge’s importance .) But on Monday, investors woke up to the token’s price at its lowest point since July. While Ethereum had climbed back to over $1700 in September, it’s now around $1330, amounting to more than a 20% drop. If the merge was supposed to fix many of Ethereum’s problems, why is its value still tanking? Here are a few reasons for the current downturn. The merge was designed to have a long-term impact, not a short-term one. When Ethereum merged successfully, many of the responding headlines bordered on ecstatic: “ Ethereum ‘merge’ will change crypto forever ,” crowed Fortune. (This publication—and writer—were admittedly not immune to excitement .) But while the developers of the merge promised many changes—including a sharp decrease in energy consumption and increased security—a short-term price increase was not one of them. The merge didn’t fix Ethereum’s high fees or congestion. Instead it merely laid the groundwork for further infrastructure that could solve its problems in the years to come. Anyone who hoped that Ethereum would look or run completely differently on Thursday would have been disappointed. Cryptocurrencies are heavily impacted by major market forces. While crypto was designed to hold value independent of the stock market, the two are still very much entwined. Over the last few years, tokens like Bitcoin and Ether have risen and fallen in correlation to larger market trends. This year, Ether prices have been depressed ever since the Federal Reserve announced its intention to institute a series of aggressive interest rate hikes in order to combat inflation. High interest rates dissuade consumers from investing in more risky assets, which includes crypto. Story continues Read More : Why Bitcoin Keeps Crashing And last Tuesday—two days before the merge—a Consumer Price Index report showed that inflation in the U.S. remains stubbornly high. More inflation means higher interest rates: Federal Reserve Chairman Jerome Powell responded by saying that the central bank must act “forthrightly, strongly” to fight inflation. And the market responded in turn: the Dow Jones Industrial Average fell more than 1,200 points, making it the index’s worst day since June 2020. Ether, naturally, fell amidst the downturn. The Federal Reserve’s decision about a potential hike is expected to be released this Wednesday . Investors worry about regulation. Is Ether a security? The question has been debated since the very beginning of Ethereum, with the blockchain’s developers hoping to avoid passing the Howey Test (the set of criteria that determines whether something is a security) and thus saving Ethereum from much stricter regulatory oversight. For years, Ethereum leaders have argued that the token is sufficiently decentralized, and regulators have mostly stayed away. But last Thursday, SEC Chair Gary Gensler said that a token using Proof of Stake might contribute toward it passing the Howey Test. “From the coin’s perspective…that’s another indicia that under the Howey test, the investing public is anticipating profits based on the efforts of others,” Mr. Gensler told reporters after a congressional hearing, according to the Wall Street Journal. Given that Ethereum just switched to Proof of Stake, many investors on social media expressed concern that Ethereum might be Gensler’s next target. Some crypto-focused lawyers, however, say that there’s a long road from Gensler’s comments to Ether being classified as a security.“The arguments about a token turning into security are actually not that strong,” says Collins Belton, a prominent crypto lawyer and managing partner of legal firm Brookwood. “The primary differences between Proof of Stake and Proof of Work are the software you use and the hardware required.” Collins believes that even if the SEC was able successfully label Ether a security, their logic would mean they’d have to do the same for Proof of Work coins like Bitcoin, too. Long-term investors conflict with day traders. Internal dynamics within the Ethereum community were also at play this week. Last week, as it became increasingly clear that the merge would be successful, many fans of Ethereum bought into the token based on the belief that the transition boded well for its long-term success. Ethereum developers and boosters love throwing around the term “ultrasound money,” which describes the belief that the token’s value will be able to withstand global war, economic collapse, or other major disasters. This activity brought up Ether’s price—which in turn, prompted day-traders who bought into the coin purely for economic reasons to cash out on the value bump. Their activity then brought the price back down. It was a prime example of a longstanding tensions in crypto: There are many different types of crypto investors, and sometimes those who believe in the technology for its long-term, transformative abilities are at odds with those simply looking to make a quick buck.... - Reddit Posts (Sample): [['u/TwitchScrubing', 'Alex Mashinsky Speaks again, New Celsius Recovery Plan leaked, Voyager 50M bid pricing and Gk8', 42, '2022-09-23 00:28', 'https://www.reddit.com/r/CelsiusNetwork/comments/xlffsd/alex_mashinsky_speaks_again_new_celsius_recovery/', 'Video on all of this here: [https://youtu.be/iGdbEp\\_U9-4](https://youtu.be/iGdbEp_U9-4) if you want to watch / hear me ramble / subscribe.\n\n \nDiscussion and topics: \n\n1) Biggest newest information: Voyager has around a 50-60m dollar bid from FTX and Binance. FTX has a bit of regulation issues from EU, while Binance has some issues with the US. They both want the customers to just move to their platforms. A new company came in as well offering the Voyager app to stay the same and pay people back with company revenue. [Ethos.io](https://Ethos.io) creator (who worked with Voyager and was on the board and left before Voyager was loaning money) also made comments on this here: [https://twitter.com/shingolavine/status/1573030726139727872](https://twitter.com/shingolavine/status/1573030726139727872) (this all relates to Celsius looking at the 50M dollar sale and recovery options being presented will be related to ours)\n\n2) Celsius GK8 hearing for sale has bene postponed and it looks like their revenue numbers were mediocre, might not be good for total number of sales.\n\n3) (older news as Tiff posted here too) but Celsius is trying to also issue IOU coins and limited how many pools of crypto are there to just USDC, Bitcoin and Ethereum while slowly paying back via mining and ETH staking etc. \n\n4) More recent news: Alex Mashinsky about 30 minutes ago got in another fight with Simon Dixon on twitter spaces.', 'https://www.reddit.com/r/CelsiusNetwork/comments/xlffsd/alex_mashinsky_speaks_again_new_celsius_recovery/', 'xlffsd', [['u/HiddenbtsCamera', 18, '2022-09-23 01:20', 'https://www.reddit.com/r/CelsiusNetwork/comments/xlffsd/alex_mashinsky_speaks_again_new_celsius_recovery/ipj904a/', 'What bullshit did he argue about this time with Simon?', 'xlffsd'], ['u/TwitchScrubing', 44, '2022-09-23 01:33', 'https://www.reddit.com/r/CelsiusNetwork/comments/xlffsd/alex_mashinsky_speaks_again_new_celsius_recovery/ipjal65/', 'Honestly not really worth relistening to, just the usual semantics. Alex is pushing the "We make more money together" narrative and Simon pushing the "Will your business survive from regulatory aspects" narrative. \n\nA lot of "NDA I can\'t say it" and talking over each other. I will say though Simon usually does respond to comments properly, while Alex Mashinsky usually gloss\'s over it.', 'xlffsd'], ['u/HiddenbtsCamera', 55, '2022-09-23 01:35', 'https://www.reddit.com/r/CelsiusNetwork/comments/xlffsd/alex_mashinsky_speaks_again_new_celsius_recovery/ipjav77/', 'But fing hell. Really fing hell. Alex stole users money. Spunked it left right and centre. Broke the terms and conditions users agreed to. Is guilty of corruption and lying. With our money. With my kids savings. And wants to continue “together”.\nAlex. Read this. Fuck. Off. Let someone with a moral compass take over or just give users the haircut and let’s be done with this corruption', 'xlffsd'], ['u/astockstonk', 20, '2022-09-23 01:44', 'https://www.reddit.com/r/CelsiusNetwork/comments/xlffsd/alex_mashinsky_speaks_again_new_celsius_recovery/ipjbwpt/', '+1. Tell Alex to Un-Fuck himself', 'xlffsd'], ['u/IWillKillPutin2022', 11, '2022-09-23 01:48', 'https://www.reddit.com/r/CelsiusNetwork/comments/xlffsd/alex_mashinsky_speaks_again_new_celsius_recovery/ipjcekp/', 'Hopefully we can. Let’s make some “UnFuck Yourselves” shirts with the Scamshinsky’s faces on them after they go to prison. Fingers crossed they get put into gen pop', 'xlffsd'], ['u/RoutineAd7068', 11, '2022-09-23 02:06', 'https://www.reddit.com/r/CelsiusNetwork/comments/xlffsd/alex_mashinsky_speaks_again_new_celsius_recovery/ipjek2w/', 'Not really bullshit those NDA’s. He seems like the only one that’s been fighting for us and people have still been accusing him of self interest. He’s supposed to just fill the $2 billion dollar hole out of the goodness of his heart when he wasn’t even the one responsible for the mess we’re in?', 'xlffsd'], ['u/Dispator', 13, '2022-09-23 03:16', 'https://www.reddit.com/r/CelsiusNetwork/comments/xlffsd/alex_mashinsky_speaks_again_new_celsius_recovery/ipjn82m/', 'True but we are past idiocy.\n\nLunacy would be staying with current or similar leadership or trying to keep the company going.', 'xlffsd']]], ['u/HSPreReleaseReveals', 'The Maw-gnificient Pre Release Reveal Chart - All currently known cards on one spreadsheet, updated daily.', 126, '2022-09-23 05:22', 'https://www.reddit.com/r/hearthstone/comments/xlm37n/the_mawgnificient_pre_release_reveal_chart_all/', "# Murder at Castle Nathria Mini-set - The Maw and Disorder! \n\n[Official Twitter Announcement](https://twitter.com/PlayHearthstone/status/1572994146268479489) \n[Official News Announcement](https://hearthstone.blizzard.com/en-us/news/23852688/next-on-the-docket-the-maw-and-disorder-mini-set) \nPatch 24.3 notes to come. \n \n \n \n&nbsp; \n \n\n \n \n&nbsp; \n \n\nThe Maw and Disorder release date, pricing and info \n\nMini-set launches on September 27th!\n\nThe Mini-Set includes 35 new, unique cards. \n\nThe entire Mini-set will be obtainable from the Shop for $14.99 USD or 2000 Gold! \n \n \nWe are also offering the option to buy an all-Golden set of all 66 Mini-Set cards for $69.99! \n\n \n&nbsp; \n \n# Total cards revealed: 35/35\n\n&nbsp;\n\n[Reveal Order](https://redd.it/xlm1x5) - [Imgur Album](https://imgur.com/a/x4noucu) - [Pre-Release Discussion Discord Server](https://discord.gg/fV3CYTm) \n \n\|Class\|Common\|Rare\|Epic\|Legendary\|\n\|:-\|:-\|:-\|:-\|:-\|\n\|Demon Hunter\|[All Fel Breaks Loose](https://imgur.com/YwZDg74) - [DT](https://redd.it/xnv2ce)\|\|\|[Prosecutor Mel'tranix](https://imgur.com/f4HNdeR) - [DT](https://redd.it/xm4rno)\|\n\|\|[Sightless Magistrate](https://imgur.com/0jlBPbH) - [DT](https://redd.it/xnuzth)\|\|\|\|\n\|Druid\|[Attorney-at-Maw](https://imgur.com/v95fU4i) - [DT](https://redd.it/xnv5b9)\|[Dew Process](https://imgur.com/FqbHBtc) - [DT](https://redd.it/xlm8pg)\|\|\|\n\|\|\|[Incarceration](https://imgur.com/x2Kc8kj) - [DT](https://redd.it/xnv74z)\|\|\|\n\|Hunter\|[Motion Denied](https://imgur.com/DevimG9) - [DT](https://redd.it/xnukvn)\|[Shadehound](https://imgur.com/bpwqhTK) - [DT](https://redd.it/xnumyk)\|\|[Defense Attorney Nathanos](https://imgur.com/Axs9lxn) - [DT](https://redd.it/xnuhbh)\|\n\|\|\|\|\|\|\n\|Mage\|[Contract Conjurer](https://imgur.com/9VAFKJg) - [DT](https://redd.it/xnw4uc)\|[Objection!](https://imgur.com/rgKjj0Z) - [DT](https://redd.it/xnw63u)\|\|\|\n\|\|\|[Life Sentence](https://imgur.com/dxJ7BeU) - [DT](https://redd.it/xnw7fl)\|\|\|\n\|Paladin\|[Jury Duty](https://imgur.com/MSZufXU) - [DT](https://redd.it/xnup60)\|[Class Actrion Lawyer](https://imgur.com/t4fLvUQ) - [DT](https://redd.it/xnusef)\|\|\|\n\|\|\|[Order in the Court](https://imgur.com/wn0Vx1B) - [DT](https://redd.it/xnuqri)\|\|\|\n\|Priest\|[Clear Conscience](https://imgur.com/O3YwrJP) - [DT](https://redd.it/xnu6qp)\|[Theft Accusation](https://imgur.com/PeF7zch) - [DT](https://redd.it/xnuelp)\|\|\|\n\|\|[Incriminating Psychic](https://imgur.com/YaJR2fs) - [DT](https://redd.it/xnu9xz)\|\|\|\|\n\|Rogue\|[Murder Accusation](https://imgur.com/gFQmAc6) - [DT](https://redd.it/xlm5yp)\|[Scribbling Stenographer](https://imgur.com/bVbfxV9) - [DT](https://redd.it/xm4wtc)\|\|\|\n\|\|[Perjury](https://imgur.com/w860UgA) - [DT](https://redd.it/xm4umh)\|\|\|\|\n\|Shaman\|[Totemic Evidence](https://imgur.com/2fZSIXh) - [DT](https://redd.it/xlmape)\|[Framester](https://imgur.com/AphYMuI) - [DT](https://redd.it/xot6qq)\|\|\|\n\|\|\|[Torghast Custodian](https://imgur.com/QNLTco1) - [DT](https://redd.it/xot8nd)\|\|\|\n\|Warlock\|[Imp-oster](https://imgur.com/SwmBBEf) - [DT](https://redd.it/xm6868)\|[Habeas Corpses](https://imgur.com/lvaaGju) - [DT](https://redd.it/xm6alg)\|\|\|\n\|\|[Arson Accusation](https://imgur.com/0xU4nTd) - [DT](https://imgur.com/0xU4nTd)\|\|\|\|\n\|Warrior\|[Call to the Stand](https://imgur.com/xRXJvUW) - [DT](https://redd.it/xnuu17)\|[Weapons Expert](https://imgur.com/Ul5OTNK) - [DT](https://redd.it/xnuxh9)\|\|\|\n\|\|[Mawsworn Bailiff](https://imgur.com/kBc6tdF) - [DT](https://redd.it/xnuvrs)\|\|\|\|\n\|Neutral\|[Soul Seeker](https://imgur.com/DAc2sUP) - [DT](https://redd.it/xlmfzx)\|[Afterlife Attendant](https://imgur.com/wTH4qvr) - [DT](https://redd.it/xlmjzi)\|[Tight-Lipped Witness](https://imgur.com/5L8wPgC) - [DT](https://redd.it/xlmig6)\|[Sylvanas, the Accused](https://imgur.com/WCHkEVi) - [DT](https://redd.it/xlmctd)\|\n\|\|\|\|\|[The Jailer](https://imgur.com/YgVlvAf) - [DT](https://redd.it/xlmeff)\|\n\|Rarity Count\| 16/16 Common \| 14/14 Rare \| 1/1 Epic \| 4/4 Legendary \|", 'https://www.reddit.com/r/hearthstone/comments/xlm37n/the_mawgnificient_pre_release_reveal_chart_all/', 'xlm37n', [['u/Bowbreaker', 31, '2022-09-23 06:42', 'https://www.reddit.com/r/hearthstone/comments/xlm37n/the_mawgnificient_pre_release_reveal_chart_all/ipk9oe8/', "Did they just not make a trailer or video of any kind for this miniset? Is this the first time that's happened?", 'xlm37n'], ['u/Arthurzim337', 14, '2022-09-23 11:54', 'https://www.reddit.com/r/hearthstone/comments/xlm37n/the_mawgnificient_pre_release_reveal_chart_all/ipkvenr/', 'second.\n\nprobably How its gonna be now :/', 'xlm37n'], ['u/ville2ville', 42, '2022-09-23 13:09', 'https://www.reddit.com/r/hearthstone/comments/xlm37n/the_mawgnificient_pre_release_reveal_chart_all/ipl0ydd/', 'The Maw - Location- Both players are immune. Dying removes (3) mana. Play until you or your opponent concedes.', 'xlm37n'], ['u/mr10123', 28, '2022-09-23 14:17', 'https://www.reddit.... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Image The Company aims to be the mainstream distributor of personalized wallets for crypto users, Exchanges and Companies. Featured Image for Vanity Global OÜ Featured Image for Vanity Global OÜ TALLINN, Estonia, Sept. 24, 2022 (GLOBE NEWSWIRE) -- Vanity, a blockchain solution corporation, has recently announced its partnership with Safemoon; alongside the already established partners and more to come, Vanity Global is quickly growing as the leader in personalization in the crypto space. In order to achieve this goal, Vanity has developed a way to generate any wallet address with a custom prefix, up to 11 leading characters. An ordinary address consists of random letters and numbers, for example 0x0xb1c7f\x85, which can lead to stressful operations while sending funds to and from an exchange/wallet due to countless double checks. Vanity offers a real solution to this problem by giving crypto users a way to customize their wallet address, like 0xC0DE911.., and instantly recognize it as their own, simplifying the process of making a transaction. Security is the main aspect of the company. Vanity operates using two different methods combined: user-end generation and split key generation. Acknowledging the technical process is required to understand the difference inside a key pair. Any wallet generated on the blockchain consists of three parts: a public key, an address, and a private key. Both the public key and the address are visible to everyone and do not compromise the security of the wallets. While generating an address with Vanity two pieces are required to be merged in order to generate the custom wallet private key, which is the "password" that is used to import and interact with the wallet. The user-end generation is a serverless step made locally on the customer\'s browser, ensuring that zero data travels on the internet. This operation generates a new key pair, and the customer is required to save the "Vanity Key" and sends to the team the public key, officially requesting the generation of the wallet. Story continues The Split Key generation now takes place, where the public key and high computing power is used by Vanity to generate another key, which is not yet the customized one and saved inside the same database. At this point, the customer has everything needed to create the private key of the desired address and using again user-end generation, it only requires pasting the Vanity Key saved and clicking one button to generate the final Vanity address private key. For the best user experience, Vanity has simplified this process to a total of three clicks and does not require any advanced knowledge from the customer side. We wanted to make transacting easier and safer, removing the feeling of anxiety of losing funds earned with hard work by sending to a wrong address and not noticing it. Vanity brings a new layer of security and peace of mind to all crypto users. T. Bertossi Founder and CEO - Vanity Global OÜ Vanity is the first token ever released on any blockchain to provide custom wallet and contract addresses for Bitcoin, Ethereum, Binance Smart Chain, Litecoin and Dogecoin chains. Website: https://vanity.global Marketplace: https://marketplace.vanity.global Telegram: https://t.me/vanitytokenofficial Päevalille tn 6-15, Tallinn, 13517, Estonia Copyright © 2022 Vanity Global OÜ \| All Rights Reserved. Contact Information: Lili Vanity Accountant [email protected] Tommaso Bertossi Founder and COO [email protected] Related Images Image 1 This content was issued through the press release distribution service at Newswire.com . Attachment Featured Image for Vanity Global OÜ', 'The Company aims to be the mainstream distributor of personalized wallets for crypto users, Exchanges and Companies.\nFeatured Image for Vanity Global OÜ\nTALLINN, Estonia, Sept. 24, 2022 (GLOBE NEWSWIRE) -- Vanity, a blockchain solution corporation, has recently announced its partnership with Safemoon; alongside the already established partners and more to come, Vanity Global is quickly growing as the leader in personalization in the crypto space.\nIn order to achieve this goal, Vanity has developed a way to generate any wallet address with a custom prefix, up to 11 leading characters. An ordinary address consists of random letters and numbers, for example 0x0xb1c7f…, which can lead to stressful operations while sending funds to and from an exchange/wallet due to countless double checks. Vanity offers a real solution to this problem by giving crypto users a way to customize their wallet address, like 0xC0DE911.., and instantly recognize it as their own, simplifying the process of making a transaction.\nSecurity is the main aspect of the company. Vanity operates using two different methods combined: user-end generation and split key generation. Acknowledging the technical process is required to understand the difference inside a key pair. Any wallet generated on the blockchain consists of three parts: a public key, an address, and a private key. Both the public key and the address are visible to everyone and do not compromise the security of the wallets.\nWhile generating an address with Vanity two pieces are required to be merged in order to generate the custom wallet private key, which is the "password" that is used to import and interact with the wallet. The user-end generation is a serverless step made locally on the customer\'s browser, ensuring that zero data travels on the internet. This operation generates a new key pair, and the customer is required to save the "Vanity Key" and sends to the team the public key, officially requesting the generation of the wallet.\nThe Split Key generation now takes place, where the public key and high computing power is used by Vanity to generate another key, which is not yet the customized one and saved inside the same database. At this point, the customer has everything needed to create the private key of the desired address and using again user-end generation, it only requires pasting the Vanity Key saved and clicking one button to generate the final Vanity address private key.\nFor the best user experience, Vanity has simplified this process to a total of three clicks and does not require any advanced knowledge from the customer side.\nWe wanted to make transacting easier and safer, removing the feeling of anxiety of losing funds earned with hard work by sending to a wrong address and not noticing it. Vanity brings a new layer of security and peace of mind to all crypto users.\nVanity is the first token ever released on any blockchain to provide custom wallet and contract addresses for Bitcoin, Ethereum, Binance Smart Chain, Litecoin and Dogecoin chains.\nWebsite:https://vanity.globalMarketplace:https://marketplace.vanity.globalTelegram:https://t.me/vanitytokenofficial\nPäevalille tn 6-15, Tallinn, 13517, EstoniaCopyright © 2022 Vanity Global OÜ \| All Rights Reserved.\nContact Information:Lili [email protected] BertossiFounder and [email protected]\nRelated Images\nImage 1\nThis content was issued through thepress release distribution service at Newswire.com.\nAttachment\n• Featured Image for Vanity Global OÜ', "A humorous photo of an older man holding a beach ball in front of him. His swimsuit is around his ankles. Getty Images Warren Buffett is famous for saying “Only when the tide goes out do you discover who's been swimming naked.” If you invested in cybercoins, the news has not been good lately. Are you wearing your bathing suit?\xa0 What to do?\xa0 Is time to take your profits … or cut your losses? The international investment community was shocked and saddened to learn of the utterly unexpected news that millions of investors worldwide were victims of a pyramid scheme involving cryptocurrency accounts controlled by “founders” in Tbilisi, Republic of Georgia, and Moscow. The SEC charged 11 people in the case in August. No, wait. Nobody was shocked or surprised. This was the least surprising story of 2022.\xa0 If you were playing “Password” and the first two clues were “Cryptocurrency” and “Moscow,” the only rational guesses would be “Pyramid” or “Ponzi.”\xa0 Full credit for either answer. Domestic actors have been at work as well.\xa0 The founder of California’s Titanium Blockchain Infrastructure Services recently pleaded guilty to a cryptocurrency fraud scheme that raised $21 million. The cryptocurrency world has been conjured out of thin air in the last decade or so.\xa0 Across the globe, new crypto products have appeared, along with new uses for those products, and new markets for the exchange of these products.\xa0 It includes crypto derivatives, synthetics, and electronic arbitrage trading systems run by bots. For better or worse, this is now a $10 trillion plus marketplace that is largely unregulated. SEE MORE What Happens to Your Crypto Assets When You Die? Most of the participants in that space are sincere entrepreneurs seeking to carve out a “first mover” advantage in a new and currently lightly regulated frontier. But a recent exposé by Bloomberg on the stablecoin business questions the backgrounds of some of the entrepreneurs that have introduced crypto products.\xa0 And naturally, because some of the uses of cryptocurrency – money laundering comes immediately to mind – are highly attractive to persons who would prefer to remain clear of regulators, taxing authorities and criminal investigators, cryptocurrency has attracted its share of out and out criminals. Story continues Even where criminal activity isn’t present, the “wild west” unregulated cryptocurrency world is fraught with more risk than the more conventional banking and investment world. Warren Buffett’s bridge partner Bill Gates has recently stated that cryptocurrencies are “100% based on greater fool theory,” that is, the idea that overvalued assets will go up in price when there are enough foolish investors willing to pay more for them. SEE MORE How to Educate Yours Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-09-24 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $365,926,693,656 - Hash Rate: 232575585.79796788 - Transaction Count: 228040.0 - Unique Addresses: 588364.0 Social & AI Sentiment: - Fear & Greed Index: 0.24 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Singapore --News Direct-- DeFiChain DeFiChain , the world’s leading blockchain on the Bitcoin network dedicated to bringing decentralized financial applications and services to everyone, officially announces the listing of its native DFI token on Huobi Global, one of the world’s leading cryptocurrency exchanges. The token starts trading against USDT on Huobi on July 25th at 06:00 (UTC), while DFI withdrawals are scheduled to open at 07:00 (UTC) on July 26th. Traders and investors buying DFI on Huobi will be able to transfer the token to their DeFiChain wallet or wherever they want. The DFI token is already available for trading on Kucoin, Bybit (ERC-20 format), Bittrex, Bitrue, Hotbit, and Bitpanda. “Getting listed on Huobi is another big step for DeFiChain. We are happy that more and more big exchanges list DFI. Due to the variety of real world assets available on DeFiChain, more and more top tier exchanges are looking forward to listing DFI. With every additional listing it becomes easier for the masses to enter the world of native decentralized finance on DeFiChain,” said Benjamin Rauch, Marketing Director at DeFiChain Accelerator. Founded in 2013, Huobi is one of the world’s leading cryptocurrency exchanges. The listing on Huobi will improve the accessibility of DFI among the global cryptocurrency user base. Huobi enables users to buy, sell, stake, and borrow a broad array of cryptocurrencies, providing an encompassing ecosystem for experienced crypto traders and investors. Huobi was recently granted provisional approval by the Dubai Virtual Assets Regulatory Authority to offer virtual asset exchange products and services to pre-qualified investors and professional financial service providers. The DFI token opens up the world to the DeFiChain ecosystem. It is at the core of all activities on the DeFiChain blockchain including: Providing liquidity in multiple pools Staking for blockchain consensus and security As collateral to mint or borrow stock tokens and the dUSD stablecoin As a reward token. All DEX rewards are paid out in DFI Governance token of DeFiChain Story continues DeFiChain is a fully decentralized blockchain with on-chain governance. Since its mainnet launch in May 2020, the project has seen an enthusiastic involvement from the community in almost all aspects of the blockchain, from nodes, masternodes, projects, tools, governance, economic ideas, to code governance. Its codebase has been developed in an open source manner, and widely peer-reviewed and discussed by many. About DeFiChain DeFiChain is a decentralized Proof-of-Stake blockchain created as a hard fork of the Bitcoin network to enable advanced DeFi applications. It is dedicated to enabling fast, intelligent, and transparent decentralized financial services. DeFiChain offers liquidity mining, staking, decentralized assets, and decentralized loans. The DeFiChain Foundation's mission is to bring DeFi to the Bitcoin ecosystem. Media contact: Benjamin Rauch, [email protected] For more information, visit : Website \| Twitter \| Discord \| GitHub Contact Details DeFiChain Benjamin Rauch [email protected] View source version on newsdirect.com: https://newsdirect.com/news/defichains-dfi-token-starts-trading-on-huobi-global-302306414... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Pound Dollar Sterling Slump Budget Recession Kwasi Kwarteng Shares, bonds, commodities such as oil, even gold and its supposed digital rival Bitcoin: all dropped in unison on Friday as fears of a global recession , not to mention Vladimir Putin’s escalation of the war in Ukraine, unnerved investors everywhere. The American dollar, still the world’s ultimate “safe haven” asset, was about the only thing to gain; other currencies, especially the pound as investors gave the thumbs down to Kwasi Kwarteng’s mini-Budget, lost value against the greenback. This is how the day played out. The pound The most dramatic development yesterday was the crash in the value of sterling. At the start the day it bought $1.125 but had fallen to $1.116 at 9.30am, about when Mr Kwarteng started to speak. It fell sharply over the afternoon to a low of $1.089 at 5.30pm before a slight recovery to $1.09 – a fall of 3.1pc. A month ago, a pound was worth $1.18, down from $1.37 in mid-January and $1.44 at its post-Brexit-vote peak in April 2018. It has declined 24pc since then. Until yesterday many commentators saw the pound’s weakness as a consequence of the strength of the dollar rather than a problem with the British currency, because other world currencies had also lost value against the greenback. Sterling’s fall accelerated yesterday while the decline in the euro and yen against the dollar was more muted, although its weakness was undoubtedly driven in part by the global turmoil. The euro fell by 1.4pc on Friday and the yen by less than 1pc. Stocks The FTSE 100 briefly dipped below the psychologically important level of 7000 on Friday. After starting the day at 7155, it fell steadily all morning to 6994 at noon before recovering slightly to close at 7019, a fall of just under 2pc. The blue chip index is dominated by international companies, but the more domestically focused FTSE 250 fell by almost the same amount. Normally a falling pound would prop up multinational stocks relative to domestic ones because their overseas earnings become more valuable, but this relationship broke down on Budget day. Story continues This echoes what happened the day after Britain voted for Brexit, when panicking investors sold everything and forgot that the falling value of the pound – it crashed severely that day – would be good for the FTSE 100’s companies. Only in the subsequent days did the penny drop, something that may be repeated next week if the pound fails to recover. Other countries’ stock markets also fell severely. On Wall Street the Dow Jones fell below 30,000 to close 1.6pc lower at 29,590. The Nasdaq market for technology stocks lost 1.8pc. In France the benchmark CAC 40 fell by just 0.2pc, however, while in Germany, the Dax lost 2pc. The pan-European Stoxx 600 index dropped by 2.3pc. Bob Schwartz, senior economist at Oxford Economics, the consultancy, said: “Financial markets are throwing in the towel, now fully convinced the Fed [America’s Federal Reserve] will do whatever it takes to curb inflation, including bringing on a recession. Stock prices plunged to the lowest level of the year on Friday and [bond] yields staged another leap upward in anticipation of a string of additional rate hikes.” Commodities Fears of a recession caused the oil price to fall by 4pc to $86.71 on Friday, compared with highs of about $130 after the Russian invasion of Ukraine. This was dwarfed by the 10.2pc fall in the price of iron ore – another key economic bellwether. Bonds Gilts, or British government bonds, also slumped on Friday as the biggest losers in a wider European sell-off. One 10-year issue fell from £106.40 to £103.50, a decline of 2.7pc, and a German equivalent lost a more modest 0.5pc to Eu97.2 from Eu97.7. American bonds did better, again reflecting America’s safe haven status: one 10-year issue gained a fraction from $92.02 to $92.10. Gold Gold is normally the asset that investors turn to when everything else is falling but not on Friday: it fell by 1.7pc from $1,673 to $1,644. Bitcoin, touted by its proponents as a digital replacement for gold thanks to its scarcity, lost a similar 1.8pc from $19,400 to $19,094.', 'Shares, bonds, commodities such as oil, even gold and its supposed digital rival Bitcoin: all dropped in unison on Friday asfears of a global recession, not to mention Vladimir Putin’s escalation of the war in Ukraine, unnerved investors everywhere.\nThe American dollar, still the world’s ultimate “safe haven” asset, was about the only thing to gain; other currencies, especially the pound as investors gave the thumbs down to Kwasi Kwarteng’s mini-Budget,lost value against the greenback.\nThis is how the day played out.\nThe most dramatic development yesterday was the crash in the value of sterling. At the start the day it bought $1.125 but had fallen to $1.116 at 9.30am, about when Mr Kwarteng started to speak. It fell sharply over the afternoon to a low of $1.089 at 5.30pm before a slight recovery to $1.09 – a fall of 3.1pc.\nA month ago, a pound was worth $1.18, down from $1.37 in mid-January and $1.44 at its post-Brexit-vote peak in April 2018. It has declined 24pc since then.\nUntil yesterday many commentators saw the pound’s weakness as a consequence of the strength of the dollar rather than a problem with the British currency, because other world currencies had also lost value against the greenback.\nSterling’s fall accelerated yesterday while the decline in the euro and yen against the dollar was more muted, although its weakness was undoubtedly driven in part by the global turmoil. The euro fell by 1.4pc on Friday and the yen by less than 1pc.\nTheFTSE 100 briefly dippedbelow the psychologically important level of 7000 on Friday. After starting the day at 7155, it fell steadily all morning to 6994 at noon before recovering slightly to close at 7019, a fall of just under 2pc.\nThe blue chip index is dominated by international companies, but the more domestically focused FTSE 250 fell by almost the same amount. Normally a falling pound would prop up multinational stocks relative to domestic ones because their overseas earnings become more valuable, but this relationship broke down on Budget day.\nThis echoes what happened the day after Britain voted for Brexit, when panicking investors sold everything and forgot that the falling value of the pound – it crashed severely that day – would be good for the FTSE 100’s companies. Only in the subsequent days did the penny drop, something that may be repeated next week if thepound fails to recover.\nOther countries’ stock markets also fell severely. On Wall Street the Dow Jones fell below 30,000 to close 1.6pc lower at 29,590. The Nasdaq market for technology stocks lost 1.8pc. In France the benchmark CAC 40 fell by just 0.2pc, however, while in Germany, the Dax lost 2pc. The pan-European Stoxx 600 index dropped by 2.3pc.\nBob Schwartz, senior economist at Oxford Economics, the consultancy, said: “Financial markets are throwing in the towel, now fully convinced the Fed [America’s Federal Reserve] will do whatever it takes to curb inflation, including bringing on a recession. Stock prices plunged to the lowest level of the year on Friday and [bond] yields staged another leap upward in anticipation of a string of additional rate hikes.”\nFears of a recession caused the oil price to fall by 4pc to $86.71 on Friday, compared with highs of about $130 after the Russian invasion of Ukraine.\nThis was dwarfed by the 10.2pc fall in the price of iron ore – another key economic bellwether.\nGilts, or British government bonds, also slumped on Friday as the biggest losers in a wider European sell-off. One 10-year issue fell from £106.40 to £103.50, a decline of 2.7pc, and a German equivalent lost a more modest 0.5pc to Eu97.2 from Eu97.7. American bonds did better, again reflecting America’s safe haven status: one 10-year issue gained a fraction from $92.02 to $92.10.\nGold is normally the asset that investors turn to when everything else is falling but not on Friday: it fell by 1.7pc from $1,673 to $1,644.\nBitcoin, touted by its proponents as a digital replacement for gold thanks to its scarcity, lost a similar 1.8pc from $19,400 to $19,094.', "Conventional wisdom holds that if the dollar is stronger, assets such as cryptocurrencies get cheaper. Yet is that really the case?\nThis past week, the Federal Reserve did exactly what most people predicted: It raised the fed funds rate by 75 basis points – for the third time in a row. For months now, consumer prices have surged at a rate not seen since thefourth season of Diff’rent Strokes– so raising borrowing costs, it’s hoped, will make money a little more expensive and thus cool the hot economy.\nHigher interest rates fuel demand for dollars (to put it in terms crypto folks can understand, remember how everyone was buying UST because of the near 20% APYs the Anchor protocol was paying back in April?). The U.S. Dollar Index, which measures the greenback against a basket of six foreign currencies, is now trading at a 20-year high after surging about 20% in the last year. In that time, bitcoin (BTC) has dropped a whopping 58%.\n“Dollar strength is a unilateral and powerful force,” said Mark Conners, head of research at 3IQ, on CoinDesk TV’s“First Mover” program Friday. “The term ‘tsunami’ is thrown out a lot, but it really, accurately represents what happens in a period of dollar strength. It just pulls other assets away from currencies.”\nNonetheless, it’s worth cautioning that one shouldn’t read too much into this. After all, crypto is still in its nascent stages compared to other asset classes. It has its own idiosyncrasies and prices move for reasons other than, say, dollar strength.\nFor example, bitcoin hit an all-time high in November 2021, trading at close to $69,000, more than quadruple where it was the year before. During that time frame, the dollar index went from roughly 92.7 to 95.\nFurthermore, prices often appear to move in relation Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-09-25 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $366,688,625,275 - Hash Rate: 234168569.2623376 - Transaction Count: 212009.0 - Unique Addresses: 574037.0 Social & AI Sentiment: - Fear & Greed Index: 0.24 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: DUBAI, United Arab Emirates, Aug. 12, 2022 (GLOBE NEWSWIRE) --Jax.Network, a blockchain merge-mined with Bitcoin, has launched a mining pool. JaxPool is a BTC mining subpool under a top-5 mining pool. Its goal is to merge-mine Bitcoin with the Jax.Network blockchain and provide miners with increased profitability. To encourage miners to merge-mine Jax.Network,JaxPooloffers negative fees on BTC mining. This means that miners not only don’t have to pay any fees but also receive a 1% bonus on the mined BTC. As an added benefit, JaxPool miners are entitled to a portion of block rewards for merge-mining Jax.Network paid in JXN coins. Miners can join the pool via one of the two modes. Mode 1 implies that miners will merge-mine the Jax.Network beacon chain along with BTC and receive their reward in BTC. They also will receive JXN coins as an additional reward but they won’t be able to use a negative fee offer. Mode 2 allows miners to use a -1% fee, however, they won’t receive any locked JXN rewards; only 20 unlocked JXN. Please note that the Mode 2 offer is eligible only for the first 700 PH/s. “We clearly understand that miners need a stable and secure business model, especially during bear markets. JaxPool comes as a life jacket, offering a one-of-a-kind proposal to keep BTC miners afloat,” Vinod Manoharan, Founder of Jax.Network commented. About Jax.Network Jax.Networkprovides the technological infrastructure for a decentralized energy-standard monetary system. The Jax.Network blockchain is anchored to the Bitcoin network and issues two digital currencies JAX and JXN. JAX is a stablecoin pegged to the energy spent on mining, while JXN is an asset coin representing the value of the whole network. The Jax.Network team aims at making these coins a universal standard for the quantification of economic value. Established in 2018, the company united professionals from all over the world to build a blockchain network based on the Proof-of-Work consensus mechanism and pure state sharding as a scaling solution. About JaxPool JaxPoolis a BTC mining subpool under a top-5 mining pool. Its goal is to merge-mine Bitcoin with the Jax.Network blockchain and provide miners with increased profitability. CONTACTViktoriya Nechyporuk, Marketing Communications LeadCOMPANYJax.NetworkPHONE+380 67 657 [email protected]://jax.network... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening:\nPrices:Bitcoin spent much of the weekend in the red and below $19,000; other cryptos also fall.\nInsights:The \'most profitable\' mining GPU won\'t offer much of a payoff; investors would do better with a bitcoin mining stock.\nCatch the latest episodes ofCoinDesk TVfor insightful interviews with crypto industry leaders and analysis. Andsign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context.\n●Bitcoin (BTC): $18,870−0.5%\n●Ether (ETH): $1,307−1.1%\n●CoinDesk Market Index (CMI): $941−0.8%\n●S&P 500 daily close: 3,693.23−1.7%\n●Gold: $1,652 per troy ounce+0.4%\n●Ten-year Treasury yield daily close: 3.70%−0.01\nBitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found atcoindesk.com/indices.\nBitcoin Sticks Near $19K as Most Cryptos Spend the Weekend in the Red\nBy James Rubin\nWith a couple of brief detours higher, bitcoin remained below $19,000 throughout the weekend.\nThe largest cryptocurrency by market capitalization was recently trading at about $18,800, down slightly less than a percentage point over the past 24 hours. The decline capped a turbulent week of steep interest rate hikes by the U.S. Federal Reserve and other central banks and shrinking economic indicators that point increasingly toward recession.\n"Bitcoin remained under pressure due to the macro economic environment, and we maintain that below $20,000 remains a strong accumulation opportunity for mid- to long-term horizons," said Joe DiPasquale, CEO of crypto fund manager BitBull Capital.\nPost Merge Ether spent a similarly dreary weekend almost entirely in the red. The second largest crypto in market value was recently changing hands at about $1,300, down more than a percentage point from the previous day, same time. ETH has been trading lower over the 10 days since the Merge, the technological shift of the Ethereum blockchain to a more energy efficient, proof-of-stake protocol. Other major cryptos were largely in the red with SOL and popular memecoin DOGE each down more than 2%.\nTheCoinDesk Market Index, which tracks the performance of 20 major cryptocurrencies, remained largely unchanged at approximately 940. The crypto Fear & Greed Index measuring investor sentiment has inched down again from fear to extreme fear territory.\nStocks\nCrypto price decreases dovetailed with equity markets and other assets – riskier and more safe haven – that closed down during a dismal Friday. The tech-focused Nasdaq and S&P 500, which has a strong technology component, tumbled 1.8% and 1.7%, respectively. Those indexes have plunged five of the past six weeks amid ongoing investor fears about inflation and the economy. Cryptos have largely tracked stocks this year.\nAfter chewing over the Fed\'s hawkish, 75 basis point rate increase and deteriorating housing numbers, markets will be scrutinizing U.S. durable goods orders for September, the U.S. Conference Board\'s latest consumer confidence index and August, new home sales. Economic observers widely expect durable goods orders to resemble last month\'s total, and a drop-off in new home sales. On Friday, the University of Michigan releases its next consumer sentiment index, which measures consumer attitudes about business conditions and personal finance, among other criteria.\nMeanwhile, the dollar\'s recent surge has suggested that cryptocurrency prices are likely to continue languishing, although CoinDesk\'s Lawrence Lewitinnalso notedin a Sunday column that cryptos, similar to equities, have been more nuanced in their response to events.\nFor example, in the seven days following the release earlier this month of a disappointing Consumer Price Index, the CoinDesk Smart Contract Platform Index (SMT), which includes ETH, ADA and SOL, plunged almost 20%, while the CoinDesk Culture & Entertainment Index (CNE) – filled with NFT-related and metaverse coins like ApeCoin’s APE and The Sandbox’s SAND slipped by “only” 6.9%. (Lewitinn noted that the Smart Contract Index\'s fall stemmed at least partly from ether\'s decline following the Merge)\n"Crypto is still in its nascent stages compared to other asset classes," Lewitinn wrote. "It has its own idiosyncrasies and prices move for reasons other than, say, dollar strength."\nHe added: "For traders, thinking about crypto in terms of segments means, among other things, coming up with more sophisticated ways to trade in a rising-rate environment.\nDespite bitcoin\'s fretful behavior last week, BitBull\'s DiPasquale noted optimistically that "the $18,000 level has continued to provide decent support."\n"If BTC doesn\'t break down in the coming days, we could see upward movement in October with $24k and $26k being initial levels to watch," he wrote.\n[{"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+3.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "+3.3%", "DACS Sector": "Computing"}, {"Asset": "XRP", "Ticker": "XRP", "Returns": "+1.5%", "DACS Sector": "Currency"}]\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22127.3%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22122.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "\\u22122.4%", "DACS Sector": "Currency"}]\nMining GPUs Won\'t Generate Much\nBy Sam Reynolds\nEthereum’s Mergehappened 12 days ago, writing the obituary forGPU mining. Days after The Merge, one graphics card manufacturer took the coming glut of cards (which are already not that profitable to produce)to quit the businessaltogether.\nDespite this, there are still proof-of-work tokens on the market. These aren’t exactly blue-chip tokens on the front page of CoinGecko, but rather altcoins likeBitcoinGold,Neoxa(which has a market cap of $4 million) orCortex.\nBut the numbers aren’t going to work for miners looking to snap up some now-plentiful, used GPUs for mining. The best case scenario, using the GeForce GTX 1060, which goes on the second-hand market for $100, sees the card’s value being recovered in mined crypto in 35 months or almost three years.\nAnd that’s based on a lot of assumptions. There’s not a rugpull with the token. The card doesn’t break down – a possibility with months of constant use – and the token’s value stays the same or increases (that’s asking a lot in the world of crypto).\nAbsent from these assumptions are power costs. Adding them to the calculation is beyond the scope of the tool from 2cryptocalc’s abilities.\nBut what if you wanted to mine a semi-useful token?For that, consider WhattoMine, which gives us the ability to calculate mining profitability based on hashrate and power cost.\nOur trusty GeForce GTX 1060 has a hashrate of23Mh/s for Etchash, the algorithm used for Ethereum Classic.\nRun the numbers, and it\'s pretty grim. Using one card, and the average cost per kilowatt hour in theU.S. of $0.17, the card makes $1.80 in profit per month. Meaning that it won’t break even for 55.5 months, or 4.62 years.\nIf this was scaled a hundred-fold, where the hash rate was now 2300 Mh/s, 100 of these cards would generate $182.6 per month in profit.\nEven with ASICs, specialized silicon that’s built for mining, the math isn’t much better unless you have extreme scale. Data now shows that the most profitable ASIC miner for retail miners, the Bitmain Antminer L7,generates $8 in profit per dayas part of the Nicehash pool.\nIt’smore profitableto just own stocks of listed mining companies.\n8:30 a.m. HKT/SGT(12:30 a.m. UTC):Jibun Bank Manufacturing PMI(Sept./preliminary)\n1:35 p.m. HKT/SGT(5:35 a.m.):Speech by Bank of Japan GovernorHaruhiko Kuroda\n3:30 p.m. H1HKT/SGT(7:30 a.m. UTC): Speech by Luis De Guindos\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Slips Below $19K; Coinbase Policy Chief on Crypto’s Role Ahead of Midterms\nWith the midterm elections around the corner, Coinbase Chief Policy Officer Faryar Shirzad joined "First Mover" to discuss why the crypto exchange wants to let U.S. users track how crypto-friendly their local politicians are through its app. Mark Connors, head of research at 3IQ, joined the markets discussion. Plus, Anne Fauvre-Willis of NFT marketplace OpenSea.\nTroubled Data Center Compute North Struggled With Crypto Winter. Then Its Relationship With a Major Lender Soured:The company was financed by Generate Capital, which seized the data-center operator’s assets.\nBitcoin Miner Iris Energy Signs $100M Equity Deal With B. Riley:B. Riley previously signed a similar deal with Core Scientific in July.\nEthereum Merge Vastly Increased Stakefish’s Profile, but 25% of Its Employees Are Gone Anyway:Layoffs at stakefish took effect on the same day as the Ethereum Merge – just as they were set to play a key role in securing the revamped blockchain.\nCelsius Shareholders File to Stake Their Claim for Bankruptcy Payouts:A motion filed by lawyers says the Celsius bankruptcy is “all about the customers” and “without regard for the equity holders.”\nWhat Cardano’s Highly Anticipated Vasil Hard Fork Will Bring:Vasil delivers an updated version of Cardano’s smart contract scripting language: Plutus v2.', 'Good morning. Here’s what’s happening: Prices: Bitcoin spent much of the weekend in the red and below $19,000; other cryptos also fall. Insights: The \'most profitable\' mining GPU won\'t offer much of a payoff; investors would do better with a bitcoin mining stock. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. And sign up for First Mover , our daily newsletter putting the latest moves in crypto markets in context. Prices ● Bitcoin ( BTC ): $18,870 −0.5% ● Ether ( ETH ): $1,307 −1.1% ● Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-09-26 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $367,992,392,267 - Hash Rate: 238947519.65544644 - Transaction Count: 259311.0 - Unique Addresses: 614435.0 Social & AI Sentiment: - Fear & Greed Index: 0.21 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: BANGKOK (AP) — Shares advanced Thursday in Asia after benchmarks closed at three-month highs on Wall Street as investors cheered a report showing inflation cooled more than expected in July. Hong Kong, Shanghai and Seoul saw gains of more than 1%. Tokyo was closed for a holiday. U.S. futures edged higher, while oil prices slipped. The government said Wednesday that consumer inflation jumped 8.5% in July from a year earlier. But that was down from June’s four-decade high of 9.1%. The S&P 500 surged 2.1% on expectations that slower inflation will mean the Federal Reserve may moderate its interest rates hikes. Technology stocks, cryptocurrencies and other investments that have been among the year’s biggest losers due to the Fed’s aggressive rate hikes led the way. Hong Kong's Hang Seng index added 1.9% to 19,982.20 while the Shanghai Composite index gained 1.2%, to 3,268.02. The Kospi in Seoul rose 1.3% to 2,513.22 and Taiwan's Taiex was up 1.5%. In Thailand, the SET picked up 0.4% after the country's central bank raised its benchmark interest rate by 0.25 percentage points to 0.75% a day earlier. The Southeast Asian country's economy has been hard hit by the pandemic, which ravaged its all-important tourism sector. On Wall Street, the S&P 500 rose 87.77 points to 4,210.24, hitting its highest levels since early May. It is now nearly 15% above its mid-June low. The Nasdaq composite, whose many high-growth and expensive-looking stocks have been particularly vulnerable to interest rates, jumped 2.9% to 12,854.80. It's up more than 20% from June. The Dow Jones Industrial Average rose 1.6% to 33,309.51. Technology stocks, cryptocurrencies and other of the year's hardest-hit investments were some of the day's biggest winners. Bitcoin rose 2.2% to just under $24,000. Lower prices for gasoline and oil helped tempered inflation in July. But excluding that and volatile food prices, so-called “core inflation” held steady last month, at 5.9%, instead of accelerating as economists had forecast. Story continues The data encouraged traders to scale back bets for how much the Fed will raise interest rates at its next meeting. Interest rates help set where prices go across financial markets and higher rates tend to pull down prices for everything from stocks to commodities to crypto. Other reports this week will show how inflation is doing at the wholesale level and whether U.S. households are still ratcheting down their expectations for coming inflation, an influential data point for Fed officials. Prices for bonds soared immediately after the inflation report’s release, pulling their yields lower. The yield on the two-year Treasury, which tends to track expectations for the Fed, fell to 3.19% from 3.27% late Tuesday. The 10-year yield initially fell, though stabilized later in trading. It edged higher to 2.79% from 2.78% late Tuesday. It remains below the two-year yield and many investors see such a gap as a fairly reliable signal of a coming recession. Recession worries have built as the highest inflation in 40 years squeezes households and corporations around the world. Wall Street is closely watching to see if the Fed can succeed in hitting the brakes on the economy and cooling inflation without veering into a recession. The Federal Reserve will get a few more highly anticipated reports before its next announcement on interest rates, on Sept. 21. They could also alter its stance. Those include data on hiring trends across the economy, due Sept. 2, and the next update on consumer inflation, coming on Sept. 13. In other trading, U.S. benchmark crude oil shed 15 cents to $91.78 per barrel in electronic trading on the New York Mercantile Exchange. It gained $1.43 to $91.93 on Wednesday. Brent crude, the basis for international pricing, lost 10 cents to $97.30. The U.S. dollar rose to 133.20 Japanese yen from 132.93 yen late Wednesday. The euro slipped to $1.0288 from $1.0300. ___ AP Business Writers Stan Choe and Damian J. Troise contributed.... - Reddit Posts (Sample): [['u/allthatandabagochips', 'Got scammed, how can I tell if BTC ended up in on an exchange? Can I do anything if it does?', 12, '2022-09-26 00:47', 'https://www.reddit.com/r/CryptoCurrency/comments/xo1ja7/got_scammed_how_can_i_tell_if_btc_ended_up_in_on/', "There was a rather large scam in another sub, that unfortunately I was a part of. I obviously have the address I sent to, but wondering where the BTC went that was sent from that wallet? I think if I'm reading the transactions right some ends up in a wallet that appears to be an Exchange or whale? Is there a tool to help visualize BTC wallet transactions?\n\nHere is the wallet in question: https://www.blockchain.com/btc/address/3KWG7RiVBMgErN3eBur6tHizcLPYySxvXL\n\nWhat authorities should I even report this to? FBI? Local police? Would an exchange even freeze the BTC if it was sent through other wallets to try and wash?", 'https://www.reddit.com/r/CryptoCurrency/comments/xo1ja7/got_scammed_how_can_i_tell_if_btc_ended_up_in_on/', 'xo1ja7', [['u/PrinceZero1994', 15, '2022-09-26 00:53', 'https://www.reddit.com/r/CryptoCurrency/comments/xo1ja7/got_scammed_how_can_i_tell_if_btc_ended_up_in_on/ipwgtmf/', "I would not expect to see a cent of that money again. \nIf it ends up in Binance, most of the time they can't really do anything.", 'xo1ja7'], ['u/PrinceZero1994', 15, '2022-09-26 01:29', 'https://www.reddit.com/r/CryptoCurrency/comments/xo1ja7/got_scammed_how_can_i_tell_if_btc_ended_up_in_on/ipwlk3j/', 'This is wrong. You can track almost every crypto transaction with some exception like privacy coins.', 'xo1ja7']]], ['u/Critical_Rope_2402', 'Any other bag holders? I feel so alone.', 596, '2022-09-26 01:45', 'https://www.reddit.com/r/Bitcoin/comments/xo2v0k/any_other_bag_holders_i_feel_so_alone/', 'I have an average buy price of about 50k and listened to everyone who was saying we will never see X price again and 100k btc imminent. Now I feel like an absolute idiot and whenever I see those same people who I listened to now saying that Bitcoin will go to 10k makes it sting even more. I know the common advice people will give is to keep dca and lower your average but I put in my life savings and don’t currently have the room in my budget. Now everyone here is saying that the next bullrun will take another 2-3 years which will feel like an eternity so how can I deal with the depression of being a bag holder? Also any other bag holders out there can comment so I don’t feel so alone and stupid? Thanks.\n\nEdit: Wow. Had no idea this post would blow up like this. Thank you all for your support. I feel better now and have learnt some valuable lessons. Will continue to hodl and educate myself on Bitcoin. Also sorry if I’ve not responded I’ve received a lot of dms it’s just very hard to differentiate genuine people and scammers these days but I thank you genuine people who have reached out privately from the bottom of my heart.', 'https://www.reddit.com/r/Bitcoin/comments/xo2v0k/any_other_bag_holders_i_feel_so_alone/', 'xo2v0k', [['u/twalker14', 25, '2022-09-26 01:49', 'https://www.reddit.com/r/Bitcoin/comments/xo2v0k/any_other_bag_holders_i_feel_so_alone/ipwo5tn/', 'There’s plenty out there. Just read more about Bitcoin, and you won’t feel so bad. Highly recommend The Bitcoin Standard. \n\nMaybe next time when it comes to speculative investing, you’ll do more research instead of just jumping in because some people said “it’s bound to only go up!”', 'xo2v0k'], ['u/11010110111110111', 83, '2022-09-26 01:50', 'https://www.reddit.com/r/Bitcoin/comments/xo2v0k/any_other_bag_holders_i_feel_so_alone/ipwoc07/', 'How soon were you planning for your exit goal? 4 year cycle is typical to stay in. Just hodl tight. I came in at a previous high point, but it don’t look high anymore', 'xo2v0k'], ['u/vitamin_big_d', 22, '2022-09-26 01:55', 'https://www.reddit.com/r/Bitcoin/comments/xo2v0k/any_other_bag_holders_i_feel_so_alone/ipwoxoq/', 'Average down', 'xo2v0k'], ['u/Critical_Rope_2402', 36, '2022-09-26 01:58', 'https://www.reddit.com/r/Bitcoin/comments/xo2v0k/any_other_bag_holders_i_feel_so_alone/ipwp80r/', 'I’m okay with holding for long term. Just upset because all I heard was we’ll never go below 40k and fast forward we’re below 20k heading to 10k. I thought I missed out fomo’d in but if I would have waited an extra year I could have had triple the btc I have now. But hindsight is 2020 as they say😒', 'xo2v0k'], ['u/Cardiologist365', 27, '2022-09-26 02:01', 'https://www.reddit.com/r/Bitcoin/comments/xo2v0k/any_other_bag_holders_i_feel_so_alone/ipwpn33/', 'I gambled away my life savings. Look on the brightside atleast you have btc to hold😆', 'xo2v0k'], ['u/nkantzavelos', 38, '2022-09-26 02:01', 'https://www.reddit.com/r/Bitcoin/comments/xo2v0k/any_other_bag_holders_i_feel_so_alone/ipwpn4l/', 'Hey there. As someone who bought a bag in a very similar situation to yours all I can say is try distract yourself by reading and learning about bitcoin. that will most definitely give you confidence in the decision you made even though it might look crappy right now. Don’t know about you but I bought with the intent to hold for a long time so I have not once considered selling or panicked over the price. Occasionally I get those if only thoughts where I think if I had held off I could of bought more for the same amount invested but hindsight is a beautiful thing and no one ever knows. So no your not alone and no you have no reason to feel shitty. Hope that makes you feel better 🤜', 'xo2v0k'], ['u/Critical_Rope_2402', 12, '2022-09-26 02:09', 'https://www.reddit.com/r/Bitcoin/comments/xo2v0k/any_other_bag_holders_i_feel_so_alone/ipwqlze/', 'Already done that before. This my second life savings. Hurts to be a bag holder but beats losing everything forsure.', 'xo2v0k'], ['u/Ok_Annual_4866', 624, '2022-09-26 02:11', 'https://www.reddit.com/r/Bitcoin/comments/xo2v0k/any_other_bag_holders_i_feel_so_alone/ipwqumr/', 'I lost everything in shitcoin scams. Be glad you’re in Bitcoin and are holding something valuable.', 'xo2v0k'], ['u/TopAlert2383', 20, '2022-09-26 02:12', 'https://www.reddit.com/r/Bitcoin/comments/xo2v0k/any_other_bag_holders_i_feel_so_alone/ipwr0t9/', "You're not alone. I didn't sell everything because of greed and emotional attachment to my Bitcoin. I now know that I will always hold because Bitcoin is sound money. Your fiat is gone for now, but you have Bitcoin and you have the next 2 years to throw 20 dollars in every once and a while. You have a bright future. Stay strong and hold.", 'xo2v0k'], ['u/jaymeetee', 88, '2022-09-26 02:12', 'https://www.reddit.com/r/Bitcoin/comments/xo2v0k/any_other_bag_holders_i_feel_so_alone/ipwr2fh/', "Firstly you are absolutely not alone, the speed of the last bull run was clearly folks FOMOing in, likely for the first time. Plenty of people bought the top and either lost money or, like you, feel like they lost money. I know folks roll their eyes when 'veterans' talk of previous bull runs but 2017 was exactly the same. People hodling bags in 2018 convinced they were screwed. But then 2-3 years later they were grinning like loons. If you can afford to hodl you will be rewarded...", 'xo2v0k'], ['u/Marcion_Sinope', 102, '2022-09-26 02:14', 'https://www.reddit.com/r/Bitcoin/comments/xo2v0k/any_other_bag_holders_i_feel_so_alone/ipwra2e/', 'At least ur not bagholding Bcash.', 'xo2v0k'], ['u/chance_waters', 31, '2022-09-26 02:25', 'https://www.reddit.com/r/Bitcoin/comments/xo2v0k/any_other_bag_holders_i_feel_so_alone/ipwspyq/', "It's not like you're in a shit coin my dude, you're holding the best performing asset of the past decade", 'xo2v0k'], ['u/ItsPickles', 17, '2022-09-26 02:37', 'https://www.reddit.com/r/Bitcoin/comments/xo2v0k/any_other_bag_holders_i_feel_so_alone/ipwu6du/', 'I get it. Zoom out and relax. The market is getting fucked right now. Everyone is down.', 'xo2v0k'], ['u/NebuKhan', 11, '2022-09-26 02:39', 'https://www.reddit.com/r/Bitcoin/comments/xo2v0k/any_other_bag_holders_i_feel_so_alone/ipwuj3t/', 'In all honesty what else is there to put your money in? Real estate? Bonds? Not much… so even if you feel you bought at the top sit tight…. This is what many of us went thru when we bought at the height at $19k. And some may say “it was a diff macro environment, etc…”. Yes I agree. But fundamentals have not changed. Stay strong my man…', 'xo2v0k'], ['u/what_shes_having1', 60, '2022-09-26 02:45', 'https://www.reddit.com/r/Bitcoin/comments/xo2v0k/any_other_bag_holders_i_feel_so_alone/ipwva73/', 'I bought a bunch at 5K and a bunch at 69k and all the way in between. I don’t regret any of it. Get as much as you can and hold it tight. Forget about it for 10 years and enjoy early retirement down the road.', 'xo2v0k'], ['u/ip_address_freely', 522, '2022-09-26 02:51', 'https://www.reddit.com/r/Bitcoin/comments/xo2v0k/any_other_bag_holders_i_feel_so_alone/ipww46x/', 'You will find posts exactly like this stretching all the way back to 2010', 'xo2v0k'], ['u/SHTNONM420', 58, '2022-09-26 03:03', 'https://www.reddit.com/r/Bitcoin/comments/xo2v0k/any_other_bag_holders_i_feel_so_alone/ipwxovq/', "Sorry m8. The shitcoin flood in the bull run was too tempting. I made a bunch but am basically at a break even point now. Won't be dabbling with fire again next time, tired of monitoring my investments hourly.. Cost me a job and a relationship", 'xo2v0k'], ['u/Expert-Hamster-3146', 24, '2022-09-26 03:05', 'https://www.reddit.com/r/Bitcoin/comments/xo2v0k/any_other_bag_holders_i_feel_so_alone/ipwxxg8/', 'Lesson’s learned hopefully.\n\nNever fomo, never listen to YouTubers/influencers, never bring emotions into trading/investing, never go into the should’ve/could’ve/would’ve spiral, ONLY INVEST WHAT YOU CAN AFFORD TO LOSE! \n\nYou have bitcoin, get it off the exchanges and keep it safe. Forget about it, come back in 5 years. A hell of a lot of people have no idea what bitcoin is. 90% of people I ask say “oh yea crypto, I’ve heard about it”. Another 10-20 years... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening:\nPrices:Cryptos rose gently even as equities suffered through another dreary day.\nInsights:Token2049 Conference highlights Singapore\'s resurgence as a crypto and business hub.\nCatch the latest episodes ofCoinDesk TVfor insightful interviews with crypto industry leaders and analysis. Andsign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context.\n●Bitcoin (BTC): $19,198+2.3%\n●Ether (ETH): $1,333+3.2%\n●CoinDesk Market Index (CMI): $956+1.7%\n●S&P 500 daily close: 3,655.04−1.0%\n●Gold: $1,634 per troy ounce−0.7%\n●Ten-year Treasury yield daily close: 3.88%+0.2\nBitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found atcoindesk.com/indices.\nCryptos Rise Even as Stocks Suffer\nBy James Rubin\nBitcoin and ether inched upward in Monday trading, countering equity markets that closed lower but remaining in the same narrow bands they\'ve occupied for more than a week.\nThe largest cryptocurrency by market capitalization was recently trading above $19,200, a more than 2% gain over the past 24 hours. BTC has been tangoing with the $19,000 threshold for eight days, dipping and rising according to the winds of the latest economic indicators.\nEther was recently changing hands over its most recent support of $1,300, a more than 2% increase from the previous day. Most other major cryptos were largely in the green, with DOT and BSV recently up more than 6% and 5%, respectively.\n"Crypto markets are holding up quite well in the face of everything that\'s going on globally," Nauman Sheikh, managing director at Wave Financial, told CoinTV\'s "First Mover" program.\nStocks\nEquity markets, from which crypto prices have drawn their lead for much of the year, closed lower, with the Dow Jones Industrial Average (DJIA) and S&P 500 both falling over a percentage point and the tech-heavy Nasdaq dropping 0.6%. The declines came amid investors\' heightened recessionary fears that took root following a wave of hawkish interest rate hikes and economic data pointing firmly downward. The DJIA tumbled into bear market territory, meaning it has declined at least 20% from its previous peak.\nOn Monday, yields for two-year U.S. Treasurys soared to 4.3%, reaching levels last seen in August 2007. Ten-year notes topped 3.9%, their highest mark since 2010. An inverted yield curve suggests that investors are placing a higher degree of risk on short-term than longer-term lending, and historically has foreshadowed recessions that affect all risk assets. Cryptocurrencies typically move in the opposite direction of yields.\nEarlier in the day, markets were further roiled when the British pound fell to a historic low against the U.S. dollar before rallying. The drop occurred after the British government introduced its largest tax cuts in a half century to spur economic growth, but raising fresh inflation concerns.\nCrypto news offered a mix of events, negative, neutral and positive. The search for Do Kwon intensified following Interpol\'s Red Notice asking law enforcement agencies worldwide to find and arrest the Terraform Labs co-founder, pending extradition, surrender or similar legal action.\nAustraliasaidit would complete its central bank digital currency by 2023 and Walmart, the world\'s largest retailer,announceda major non-fungible token (NFT) initiative. The Walt Disney Company separately hinted at a ramped-up metaverse presence througha recent job listingfor a principal counsel specializing in non-fungible tokens and decentralized finance (DeFi).\nDespite the ongoing, macroeconomic turbulence, Jeff Dorman, chief investment officer at crypto fund manager Arca, took issue with "the convenient narrative" that ties "digital assets\' fates to macro." In his Two Satoshis newsletter, Dorman wrote that the correlation was "short-lived" and applied only to bitcoin and "a few other bellwether cryptocurrencies."\n"The future success or failure of digital asset investments will be more closely tied to user and app growth than to dot plots," he wrote, adding: "But with the Ethereum Merge in the rear-view mirror and the Federal Reserve stranglehold transparently and clearly stated, what will be the next catalyst to drive digital asset prices? To answer that, we must acknowledge how bad the data is and compare it to data points suggesting trends may reverse soon."\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "+23.1%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polkadot", "Ticker": "DOT", "Returns": "+5.6%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "+4.4%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "XRP", "Ticker": "XRP", "Returns": "\\u22125.1%", "DACS Sector": "Currency"}, {"Asset": "Stellar", "Ticker": "XLM", "Returns": "\\u22122.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "\\u22120.9%", "DACS Sector": "Smart Contract Platform"}]\nSingapore Surges Back as a Crypto and Business Hub\nBy Sam Reynolds\nGood luck trying to book a hotel in Singapore this week.\nToken2049 is in town, followed by the Formula 1 race. Despite the bear market for crypto, organizers say there are over7,000 people scheduledto attend and 2,000 companies represented.\nHotel prices areup nearly 70%from last year with the highest prices per night in a decade as visitors flock back to a Singapore free of COVID-19 restrictions. The event, which features developers and executives from leading Web3 and other blockchain-related companies, underscores not only the global return to normality but also Singapore’s resurgence as a crypto hub and business hub. It also highlights the different roads that Singapore and its perennial rival, Hong Kong, which is playing catch-up, have been traveling.\nSingapore re-opened its borders and dropped most COVID-19 restrictions in March 2022. Hong Kong isnow only doing sothis month, perhaps egged on by itsloss of the titleof top financial hub in Asia to Singapore.\nAnother loss for Hong Kong is the Token2049 conference itself. Initially, this event was a London and Hong Kong affair until it was canceled twice in Hong Kong because of pandemic restrictions.\nThis year’s Singapore Fintech Festival and Hong Kong Fintech Week are actually scheduled to be overlapping events. But as CoinDesk has previously reported, these might be two different events entirely.\nHong Kong Fintech week is less about fintech andmore about govtech: how financial technology can help Hong Kong and its firms be more efficient for Beijing’s vision of the "Greater Bay Area," the future tight integration of Hong Kong, Shenzhen and Macau, along with several regional mainland cities. Singapore’s festival, in contrast, is a much more international affair, judging by the speakers’ list.\nBesides, anyone from overseas who wants to go to Hong Kong’s Fintech Week needs to arrive three days early as thecurrent rules sayno “maskless or group activities” (including restaurants and bars) for 72 hours. And there’s a required PCR test at the airport, and three more spread out during the first week.\nNot much fun for conference goers.\nCircle Converge22\n7:30 p.m. H1HKT/SGT(11:30 a.m. UTC):Speech by European Central Bank President Christine Lagarde\n8: 30 p.m. H1HKT/SGT(12:30 p.m. (UTC):U.S. durable goods orders (August)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Trades Around $19K. Best Universities for Blockchain\nHas bitcoin (BTC) hit bottom yet? "First Mover" dove into the crypto markets with Wave Financial Managing Director Nauman Sheikh. Douglas Rushkoff, author of "Survival of the Richest: Escape Fantasies of the Tech Billionaires" shared insights into why tech billionaires seem obsessed with survival plans. Plus, it\'s Education Week! CoinDesk ranks the best universities for blockchain.\nChinese Authorities Arrest 93 for Crypto-Related Money Laundering:The suspects laundered as much as RMB 40 billion, according to Hengyang county police.\nCFTC’s Ooki DAO Action Shatters Illusion of Regulator-Proof Protocol:The action raises still-unanswered questions about who is culpable when a DAO commits a crime – will casting a vote with a governance token be seen as a smoking gun?\nInterpol Issues Red Notice for Do Kwon: Report:Kwon maintains that he is not on the run, but his location is unknown after Singapore authorities said he\'s not in the city-state.\nFounder of Failed Crypto Exchange QuadrigaCX Starts DeFi Protocol UwU Lend:Sifu is back with UwU Lend, an Aave-forked decentralized finance protocol.\nFilesharing Crypto Project Filecoin Reports Strong Fundamental Growth Ahead of FVM Launch:Some 20,000 individual users are said to be using Filecoin to store over 50 million data objects used by dapps.', 'Good morning. Here’s what’s happening: Prices: Cryptos rose gently even as equities suffered through another dreary day. Insights: Token2049 Conference highlights Singapore\'s resurgence as a crypto and business hub. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. And sign up for First Mover , our daily newsletter putting the latest moves in crypto markets in context. Prices ● Bitcoin ( BTC ): $19,198 +2.3% ● Ether ( ETH ): $1,333 +3.2% ● CoinDesk Market Index ( CMI ): $956 +1.7% ● S&P 500 daily close: 3,655.04 −1.0% ● Gold: $1,634 per troy ounce −0.7% ● Ten-year Treasury yield daily close: 3.88% +0.2 Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found at coindesk.com/indices. Cryptos Rise Even Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-09-27 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $385,918,274,375 - Hash Rate: 205494866.903684 - Transaction Count: 271117.0 - Unique Addresses: 648681.0 Social & AI Sentiment: - Fear & Greed Index: 0.20 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: The question of whether the U.S. Securities and Exchange Commission (SEC) should be forced to permit spot-based bitcoin exchange-traded-funds (ETF) is now inching through thecourts, but industry lobbyists are making another public push to declare the regulator is wrong in opposing the product. The Chamber of Digital Commerce, a Washington, D.C.-based advocacy group, commissioned a report set for release Monday that will accuse the SEC of harming U.S. investors by depriving them of a type of trading vehicle already available in other countries. “It has determined that the American public cannot yet handle the responsibility of familiar, cost-effective, liquid, transparent and regulated access to the bitcoin markets,” according to the report. “The SEC continues to force U.S. investors who wish to invest in this transformative asset class into unregulated or foreign alternatives.” A fund allowing investors to easily trade bitcoins has long been seen as a major step toward accessibility for an industry whose assets are still widely seen as overly esoteric and volatile for the general public. Such ETFs would plug the tokens into the same kind of packaged funds that have long allowed investors to dabble in highly tailored industry sectors, various flavors of bonds or wide stock indexes without locking down their money or incurring management fees. Though the industry won approval for bitcoin (BTC) futures ETFs, 16 separate applicants have beendeniedin setting up a spot-market version – meaning funds that actually hold bitcoins. The agency has consistentlycitedthe same concern: potential market manipulation. The agency says it can approve an application when the product has “a comprehensive surveillance-sharing agreement with a regulated market of significant size.” The Digital Chamber’s report says the SEC’s position is inconsistent with its past practices and has never budged even as the industry sought to answer agency objections. Earlier this year, the SEC did approve a futures ETF from Teucrium that was filed under the same law that the spot ETF applications relied on, which has further sharpened frustrations for those seeking the spot funds. But SEC Chair Gary Gensler has argued that he’s fine with the futures ETFs under the law, because it enshrines certain consumer protections. Still, this week’s report is unlikely to sway the regulator, which is preparing to defend its stance in court. In a statement shared with CoinDesk, Digital Chamber founder and CEO Perianne Boring said she believes the report is “the first comprehensive document to detail the arbitrary and capricious behavior” of the SEC in reviewing the myriad bitcoin ETF applications. “Capturing the historical record in one place is crucial to building awareness and accountability for not only these specific denials, but the Commission’s treatment of the industry as a whole,” she said. In a Monday interview on CoinDesk TV, Boring accused the SEC of trying to pick industry winners and losers. “The SEC is discriminating against this asset class, holding it to a higher standard,” said Boring, who attributed to a “larger political agenda” at the agency. “Chair Gensler has been very clear that he wants his authority expanded,” she said. “He's holding things like the bitcoin ETF hostage until he gets his way.” UPDATE (Sept. 12, 2022, 15:51 UTC):Adds comments from Boring on CoinDesk TV... - Reddit Posts (Sample): [['u/TarkovReddit0r', 'Why the 18-20k support is a really good sign', 46, '2022-09-27 01:43', 'https://www.reddit.com/r/CryptoCurrency/comments/xozy5r/why_the_1820k_support_is_a_really_good_sign/', "Feel free to change my mind but I think the last months Bitcoin support is a great signal. Remember months ago when Bitcoin capitulation happened and whales got liquidated / cashed out? Since then we had a confirmed recession. Bear market rally - yet declined again when reality kicked in and inflation is still out of hand.\n\nBUT I think Bitcoin has been doing pretty good so far during these bad times.\n\n# [BTC vs NASDAQ](https://imgur.com/a/8sVSKgY)\n\n&#x200B;\n\n[BTC \$ bottom candles \$ & NASDAQ \$ top lines \$ ](https://preview.redd.it/8f1v7lffkaq91.png?width=1920&format=png&auto=webp&s=15059eba1ae9012f472df8f2dc4c4c693a615be6)\n\nThis is a comparison between BTC & NASDAQ. Friday June 16 is when NASDAQ hit the lowest point in 2022. Bitcoin followed over the weekend hitting nearly 17500$.\n\nOn friday NASDAQ hit again nearly the same level. 11228 compared to 11068 in june. Only a 1.43% difference. And Bitcoin? Bitcoin is actually up +2% today. The lowest point last days is still +7% higher than last lows in june.\n\nI personally am really suprised about this performance. The risky volatile asset that has been dumping on all the bad news until june is now pretty much stable and as strong as the NASDAQ? The hype might be gone but the bear market had great news for the fundamentals. Way more than any bad news.\n\nIf you would tell me 3 years ago that Bitcoin will experience a recession I would've expected the worst but not a strong support similar to a US Index lol\n\nThat being said Bitcoin is still way further away from ATH than NASDAQ. But Bitcoin having such institutional and general support at these levels really gives me hope for another great bull run in the future. I might be wrong but who doesn't mind some hopium in these rough times.", 'https://www.reddit.com/r/CryptoCurrency/comments/xozy5r/why_the_1820k_support_is_a_really_good_sign/', 'xozy5r', [['u/MyMonte94', 16, '2022-09-27 01:48', 'https://www.reddit.com/r/CryptoCurrency/comments/xozy5r/why_the_1820k_support_is_a_really_good_sign/iq1f6sg/', 'I feel like the longer we use this level as support, the more likely it is to eventually fail. We need some upward momentum.', 'xozy5r'], ['u/Harold838383', 36, '2022-09-27 02:19', 'https://www.reddit.com/r/CryptoCurrency/comments/xozy5r/why_the_1820k_support_is_a_really_good_sign/iq1j8b6/', 'In the last bear BTC stayed around 6K for a long time. And then quickly dumped to 3K. Be prepared for anything', 'xozy5r'], ['u/greenappletree', 13, '2022-09-27 02:40', 'https://www.reddit.com/r/CryptoCurrency/comments/xozy5r/why_the_1820k_support_is_a_really_good_sign/iq1lzjm/', 'The only real support is if inflation gets under control- other than that it’s all noise', 'xozy5r'], ['u/Baecchus', 21, '2022-09-27 02:48', 'https://www.reddit.com/r/CryptoCurrency/comments/xozy5r/why_the_1820k_support_is_a_really_good_sign/iq1n082/', "This is objectively the more likely scenario.\n\n\nLet me explain for those who are unfamiliar: when a price sits at a range for too long, people will put stop losses below or above that price range.\n\n\nThis means that once the price moves in either direction, stop losses get triggered and it causes a liquidation cascade, meaning there will be a huge pump or dump.\n\n\nIn this case stop losses are most likely sitting below 17k and we've been in this range for months so if that support zone breaks even slighly, you can expect a big dump due to how many stop losses have accumulated below that zone.", 'xozy5r'], ['u/Baecchus', 10, '2022-09-27 02:51', 'https://www.reddit.com/r/CryptoCurrency/comments/xozy5r/why_the_1820k_support_is_a_really_good_sign/iq1nha0/', "If it breaks it's gonna be nasty. We've been in this range for months, imagine how many stop losses have accumulated just below that 17k zone.\n\n\nI think we will see some new lows eventually but I still bought a good amount below 20k- it's a bargain for me. Going to have some limit orders at lower levels just in case.", 'xozy5r'], ['u/thekoonbear', 21, '2022-09-27 04:18', 'https://www.reddit.com/r/CryptoCurrency/comments/xozy5r/why_the_1820k_support_is_a_really_good_sign/iq1z3ue/', 'Yeah all these 18k support comments are giving me nightmare flashbacks to when we all thought 6k was the low of the 2017/18 bear market and in seemingly one day we dropped 50% from there.', 'xozy5r']]], ['u/orthonut20', 'Back To The Future: Part 1', 446, '2022-09-27 02:23', 'https://www.reddit.com/r/AMCSTOCKS/comments/xp0w3p/back_to_the_future_part_1/', '&#x200B;\n\nI am expecting date 10/5/2022 to be a significant date. It is 88 weeks after the 1/27/21 pump.\n\n&#x200B;\n\nhttps://i.redd.it/1q8oehh6x9q91.gif\n\nBut who am I?\n\nI am the OP that brought you the DD\'s...\n\n[The APE Reset](https://www.reddit.com/r/amcstock/comments/sy071p/i_made_a_presentation_about_blockchain_if_you/)\n\n[The Number 72 and 27 and their correlation with the AMC algorithm.](https://www.reddit.com/r/amcstock/comments/vftr5r/the_number_72_and_27_and_their_correlation_with/?utm_source=share&utm_medium=web2x&context=3)\n\n[The Planned Sell-Off](https://www.reddit.com/r/AMCSTOCKS/comments/umqgvf/the_market_sell_off_is_all_planned_and_we_just/)\n\n[Welcome To The Planet of The APES](https://www.reddit.com/r/amcstock/comments/svi5gj/welcome_to_the_planet_of_the_apes/)\n\n[My Accurate Prediction on my Twitter Profile](https://twitter.com/ScrubAnon/status/1490485050789576709?t=4TCNzIyT9ps1uetec1KxBA&s=19)\n\nhttps://i.redd.it/5q0ol5400aq91.gif\n\nIf you read these, you will see that I have made accurate predictions using this unorthodoxed method. "The Number 72 and 27 and their correlation with the AMC algorithm" is very important, but mainly it shows AMC is synced with World Events.\n\n1/27/21 is significant because it was 322 days after the cv19 lock down 3/11/2020. And Skull and Bones day (3/22) is 741 days after the cv19 lockdown date 3/11/20. Ryan Cohen bought 100k of GME on Skull and Bones Day after waving the Jolly Roger Emoji days before. Fun fact: on 3/22/2020 the total Covid-19 cases reported broke 322,000.\n\n[You can verify the date durations with this hyperlink.](http://www.gematrinator.com/calculator/datecalculator.php)\n\nAnd you can see 10/5 is a magnifier of 15. On 1/5/21, AMC hit its all time low. The price used to be $1.91, but after the APE Dividend, value was put into $APE (ATH 10.50)... and the AMC all time low went to 1.27... then the day the queen died, it changed to 1.17. (To see an amazing 5 part decode on the Queens Death, [tap here for part 1](https://codexgematria.blogspot.com/2022/09/queen-elizabeth-ii-dies-at-96.html)).\n\n1.21 GIGAWATTS!!! or 1/21... what happened in 1/21? AMC hit it\'s all time low and then ran up with Gamestop.\n\n&#x200B;\n\nhttps://i.redd.it/k1vexag9izr91.gif\n\nAlso, 10/5/2022 is 21 months from 1/5/2021... or 91 weeks, 1 day... or 1273days.\n\n1273 sum of divisors is 1360... a magnifier of 360, a magnified perfect circle.\n\nI believe what we are seeing is a fractal of just before the all time low of 1.17 on 1/5/2021.\n\n10/5 is also 111 days from 6/16...\n\n&#x200B;\n\nAlso fun fact 2977 victims on 9/11, sum of divisors of 2977 is 3220...\n\nAccording Wikipedia 2996 people lost their lives during the 9/11/2001 attacks, although many other official sources including government websites report 2997 casualties\xa0\n\nThe 2996th verse of the Bible after the creation of the world in Genesis 1:1 is Leviticus 10:19, the 2997th verse, which talks about a ritual sacrifice\n\nLeviticus 10:19 KJV\n\nAnd Aaron said unto Moses, Behold, this day have they offered their sin offering and their burnt offering before the Lord; and such things have befallen me: and if I had eaten the sin offering to day, should it have been accepted in the sight of the Lord?\n\nThe 2997th word from the end of the Bible is “ torment” in Revelation 18:7\n\nRevelation 18:7\n\nNew International Version\n\n7)\xa0Give her as much torment and grief\n\nas the glory and luxury she gave herself.\n\nIn her heart she boasts,\n\n‘I sit enthroned as queen.\n\nI am not a widow;\n\nI will never mourn.’\n\nRevelation 18 is a metaphor about Babylon the Great being New York City, the World Market and the World Trade Center during 9/11.\n\nFor those wondering wtf... the KJV has esoteric encryption.\n\nAMC closed on Friday, the week of 9/11, down -9.11% for a loss of 0.90 and a total value of $8.98. Aftermarket, AMC high was 9.11 and it closed at 9.10 (91=13th triangular... 911=156th prime)...\n\n&#x200B;\n\nFollowing week on Monday 9/19, AMC opened down at -2.20%, $8.98... and had a low of 8.90. 89= the 11th fib and 24th prime (Gemini Twins and Jupiter). On 9/19 (919...inverted 616) is also the Queens funeral... 5 days later was the 24th and President Zi apparently was put on House Arrest. The Queen died 3 days before 9/11 and the 24th was 13 days after 9/11... 13 is a magnifier of 3.\n\nAMC weekly chart showing it was down -7.61% for the whole week...\n\n761=135th prime...\n\n135 Sum of Divisors = 240... And 761 is In Octal 207\n\nLast week, 9/23, AMC\'s weekly candle closed -11.20%... the Sum of Divisors for 741 is 1120.\n\nThe parallels with the passing of Queen Elizabeth II are striking.\n\n&#x200B;\n\nhttps://i.redd.it/k60wedtfeaq91.gif\n\nDo you think it is weird that I am referencing 9/11, the Bible, and Back to the Future with AMC? Well it is not a coincidence. [Here is a video](https://www.youtube.com/watch?v=AFqOJO1Gn34&t=503s) that shows how the Back To The Future Series was engrained with the prediction of 9/11. But another thing is when the DeLorean was going back to 1985, it went through a movie theater in 1955 and when it emerged in 1985, it crashed into an Assembly of Christ th... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.

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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['• The top cryptocurrency, bitcoin (BTC), was still below the crucial $20,000 support.\n• Volatile market conditions and BTC’s minor price upticks gave way to certain altcoin recoveries.\n• ETH, SOL, LTC, and ETC could be some altcoins to watch over the coming week closely.\nWhile the globalcryptomarket cap was still below the $1 trillion mark, there was some optimism in the market in the early trading hours of the Asian session on 20 June. The global crypto market cap stood at $899.00 billion, noting an 8.97% increase over the last day.\nBitcoin, the top cryptocurrency by market capitalization, traded at $20,379 noting a 9.81% rise in the 24-hour window. In tandem withBTC’smomentum, altcoins likeether (ETH),Solana (SOL), Litecoin (LTC), and Ethereum Classic (ETC) enjoyed decent gains in the short-term window.\nSeemingly, top altcoins such as ETH, SOL, LTC, and ETC could be worth watching in the coming week.\nOn 18 June, bitcoin’s price fell below $20,000, which has acted as a historic long-term support. The $20,000 mark was also the all-time high price of the last cycle when BTC made a new all-time high at that price range in the year 2017.\nBitcoin’s price drop came alongside the larger market correction, which resulted in most cryptocurrencies trading deep into the negative territory. Bitcoin’s price fell to the lowest price level since December 2020.\nAt press time, BTC traded at $20,379, noting a 9.81% rise in the 24-hour window. However, over the last 24 hours, the asset tested lower $18,926 levels before rebounding marginally above.\nLast week, the US stock market started to show a minor recovery as the three major US stock indexes finished higher, marking an end to their longest weekly losing streaks in decades. S&P 500, Dow Jones Industrial Average, andNasdaqComposite were closed higher, making investors optimistic.\nFrom a price perspective, BTC’s current short-term trajectory favored bulls as the price established above the crucial $20,000 psychological support.\nBTC’s recent pullback below the $20,000 mark disproved the market theory about bitcoin’s price not falling below its previous cycle’s highs. The last cycle ATH theory held true during the 2018 drawdown but has now been disproven for the current cycle.\nWith the short-term relative strength index (RSI) noting a significant recovery, the same presented a rise in buyers. Higher buying pressure in the market could fuel BTC for gains in the near term.\nHowever, looking at technicals, it could be said that the upside would be limited for BTC unless bulls take control and a price action like July 2021 takes place.\nAll in all, the top cryptocurrency’s price action would be crucial to watch in the coming week and could direct the larger market’s trajectory.\nThe king altcoin, ether (ETH), was one of the top gainers in the top 20 coins by market cap at press time, noting close to 20% gains on the daily chart. In the bigger picture though, ETH’s price chart didn’t look pretty.\nWhile ETH was still down 76.49% from its all-time high, the coin managed to push itself above the crucial $1000 mark over the last 24 hours. ETH’s price made a parabolic recovery above the $1000 psychological price barrier.\nAs we advance, if bulls can push ETH’s price above the $1200 mark, a recovery could be confirmed from the lower lows. At press time, ETH’s price traded at $1,131.63 as the coin’s RSI presented a rise in buying pressure.\nIn tandem with BTC’s price rise, altcoins, too, saw a decent price recovery on their short-term chart. Solana’s four-hour price chart presented the asset’s recovery above the $30 mark.\nIn the near term, if buyers are able to push SOL above the $35 mark and then above the $40 resistance, a recovery could be confirmed for the altcoin.\nThat said, the market looked largely volatile, and a price push in either direction could be seen in the short-term depending on BTC’s price action.\nIn a bear market, when shorter periods of bullish price action take place, generally, coins with a high correlation with bitcoin do well. BothLTCandETChave been highly correlated with the top cryptocurrency.Additionally, the two coins often see lower volatility swings in a largely volatile market.\nLitecoin’s price tested the $55 resistance, trading above the level briefly. At press time, the coin traded at $54.83, noting a 23.16% rise on the daily and a 9.21% rise on the weekly chart.\nIn the near term, if LTC bulls can push the coin above the $60 mark, the same could fuel further gains. On the contrary, a pullback to the $50 level could be expected if bears take control.\nETC’s price action could take some interesting turns if BTC bulls support bitcoin’s positive momentum in the coming week.\nIn the short term, if buying pressure pushes ETC’s price above the $18.5 mark, further gains could be expected. Furthermore, a push to the $24 mark could reignite positive momentum for the coin.\nWhile the downside for ETC looks limited, further downward momentum could bring the coin down to the $10 mark if another set of sell-offs follows.\nThisarticlewas originally posted on FX Empire\n• NetEase delays Diablo Immortal’s China launch, shares tumble\n• Bitcoin (BTC) Remains Under Pressure with Fear & Greed Index at 9/100\n• U.S. looks forward to working with Petro after fair election -Blinken\n• Colombia elects former guerrilla Petro as first leftist president\n• Bitcoin Miner Selloff Accelerates as Markets Fall to 18-Month Low\n• Macau shuts most businesses amid COVID outbreak, casinos stay open', '• The top cryptocurrency, bitcoin (BTC), was still below the crucial $20,000 support.\n• Volatile market conditions and BTC’s minor price upticks gave way to certain altcoin recoveries.\n• ETH, SOL, LTC, and ETC could be some altcoins to watch over the coming week closely.\nWhile the globalcryptomarket cap was still below the $1 trillion mark, there was some optimism in the market in the early trading hours of the Asian session on 20 June. The global crypto market cap stood at $899.00 billion, noting an 8.97% increase over the last day.\nBitcoin, the top cryptocurrency by market capitalization, traded at $20,379 noting a 9.81% rise in the 24-hour window. In tandem withBTC’smomentum, altcoins likeether (ETH),Solana (SOL), Litecoin (LTC), and Ethereum Classic (ETC) enjoyed decent gains in the short-term window.\nSeemingly, top altcoins such as ETH, SOL, LTC, and ETC could be worth watching in the coming week.\nOn 18 June, bitcoin’s price fell below $20,000, which has acted as a historic long-term support. The $20,000 mark was also the all-time high price of the last cycle when BTC made a new all-time high at that price range in the year 2017.\nBitcoin’s price drop came alongside the larger market correction, which resulted in most cryptocurrencies trading deep into the negative territory. Bitcoin’s price fell to the lowest price level since December 2020.\nAt press time, BTC traded at $20,379, noting a 9.81% rise in the 24-hour window. However, over the last 24 hours, the asset tested lower $18,926 levels before rebounding marginally above.\nLast week, the US stock market started to show a minor recovery as the three major US stock indexes finished higher, marking an end to their longest weekly losing streaks in decades. S&P 500, Dow Jones Industrial Average, andNasdaqComposite were closed higher, making investors optimistic.\nFrom a price perspective, BTC’s current short-term trajectory favored bulls as the price established above the crucial $20,000 psychological support.\nBTC’s recent pullback below the $20,000 mark disproved the market theory about bitcoin’s price not falling below its previous cycle’s highs. The last cycle ATH theory held true during the 2018 drawdown but has now been disproven for the current cycle.\nWith the short-term relative strength index (RSI) noting a significant recovery, the same presented a rise in buyers. Higher buying pressure in the market could fuel BTC for gains in the near term.\nHowever, looking at technicals, it could be said that the upside would be limited for BTC unless bulls take control and a price action like July 2021 takes place.\nAll in all, the top cryptocurrency’s price action would be crucial to watch in the coming week and could direct the larger market’s trajectory.\nThe king altcoin, ether (ETH), was one of the top gainers in the top 20 coins by market cap at press time, noting close to 20% gains on the daily chart. In the bigger picture though, ETH’s price chart didn’t look pretty.\nWhile ETH was still down 76.49% from its all-time high, the coin managed to push itself above the crucial $1000 mark over the last 24 hours. ETH’s price made a parabolic recovery above the $1000 psychological price barrier.\nAs we advance, if bulls can push ETH’s price above the $1200 mark, a recovery could be confirmed from the lower lows. At press time, ETH’s price traded at $1,131.63 as the coin’s RSI presented a rise in buying pressure.\nIn tandem with BTC’s price rise, altcoins, too, saw a decent price recovery on their short-term chart. Solana’s four-hour price chart presented the asset’s recovery above the $30 mark.\nIn the near term, if buyers are able to push SOL above the $35 mark and then above the $40 resistance, a recovery could be confirmed for the altcoin.\nThat said, the market looked largely volatile, and a price push in either direction could be seen in the short-term depending on BTC’s price action.\nIn a bear market, when shorter periods of bullish price action take place, generally, coins with a high correlation with bitcoin do well. BothLTCandETChave been highly correlated with the top cryptocurrency.Additionally, the two coins often see lower volatility swings in a largely volatile market.\nLitecoin’s price tested the $55 resistance, trading above the level briefly. At press time, the coin traded at $54.83, noting a 23.16% rise on the daily and a 9.21% rise on the weekly chart.\nIn the near term, if LTC bulls can push t Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-06-20 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $396,266,735,375 - Hash Rate: 198711570.75412232 - Transaction Count: 236636.0 - Unique Addresses: 605998.0 Social & AI Sentiment: - Fear & Greed Index: 0.09 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: TheS&P 500’slosing streak continues… for the sixth week. To add insult to injury, the S&P 500 has dropped a hair’s breadth from 20% (considering the highest high set last January to the lowest low set last week)… which would be a bear market, technically speaking. It isveryunusual for the market to decline that much while earnings growth is still positive. But, as an old Chinese curse says, “May you live in interesting times,” it appears we are doing just that. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Like most investors, we have been waiting for data to suggest that we have hit “peak inflation,” and last week, the CPI and PPI reports suggested that may be the case. What this means is we’ve hopefully hit our high, but the Fed’s recent actions may have gotten us over the hump and inflation can begin a decline. Unfortunately, we don’t have any more official inflation reports this week that might confirm the decline but there is some very important retail sales data this week that should set the tone for the rest of the month. The lifeblood of the U.S. economy is consumption (consumer and business spending). So far, the data has been strong. Consumers keep spending more, partially because incomes are rising and partially because things (like gasoline and groceries) cost more. We haven’t seen evidence that inflation is “destroying demand” yet, which is a good thing for stocks. On Wednesday this week, the U.S. Census Bureau will release total retail sales for the last month, and we expect the news to be good. It should help support Friday’s rally. Additionally, there are several big retailers reporting earnings this week includingWalmart(NYSE:WMT) tomorrow andTarget(NYSE:TGT) on Wednesday. When these retail companies report their profits for the last quarter, investors will be waiting to hear what they think about the next 3-6 months – this is called the “outlook.” A very mild bullish or bearish bias in the outlook could send the market a lot higher… or lower. Over the last few weeks, we have continued to be cautiously optimistic that the market will pivot higher this spring and summer. We still favor consumer staples stocks, and maybe a sprinkling of large-cap tech that we expect to see a flood of buying if the pivot happens this week. We were probably a little early on the gun, but there is just no denying that valuations in consumer defensive are still very attractive. In addition to thestocks we liked last week, we think it makes sense to look at some of the other stocks in the sector that have been remarkably defensive. Johnson & Johnson(NYSE:JNJ) is in a sweet spot to benefit from strong demand for consumer goods and healthcare spending right now. Although we don’t usually like to recommend too many drug companies because volatility is so high,Pfizer(NYSE:PFE) is still holding at strangely low prices despite expected growth in demand for PFE’s products. Last week was another loss, but it ended on a sweeter note after Friday’s rally. A lot is riding on retail sales numbers from the government and the big retail stock profit reports that will be streaming in from Monday through Thursday this week. If the data looks good (i.e., no big negative surprises) then this may finally be the pivot point for stocks – or at least a few key sectors like consumer defensive and healthcare. • Stock Prodigy Who Found NIO at $2… Says Buy THIS • It doesn’t matter if you have $500 in savings or $5 million. Do this now. • Get in Now on Tiny $3 ‘Forever Battery’ Stock • Early Bitcoin Millionaire Reveals His Next Big Crypto Trade “On Air” The postInflation May Have Peaked: What to Do Nowappeared first onInvestorPlace.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Key Insights: It was a mixed start to the week, with bitcoin (BTC) and Ethereum (ETH) seeing modest losses, while Cardano (ADA) and Solana (SOL) continued the move northwards. With the US markets closed, the NASDAQ 100 Mini provided direction, though headwinds left investors cautious ahead of central bank chatter in the week. The total market cap ended the day with a modest $4.37 billion gain as the broader crypto market consolidated Sunday’s breakout session. It was a choppy session for the crypto market on Monday. Bitcoin ( BTC ) followed Sunday’s rally with a visit to $21,000 before a late pullback. With the US markets closed, the NASDAQ 100 Mini provided support on the day, though the upside was modest following last week’s sell-off. On Monday, the NASDAQ 100 Mini ended the day up 110 points. Headwinds continued to pressure the broader market, reflected in a modest gain in the total crypto market cap. With the US markets reopening later today, investors will be eyeing the NASDAQ, with market risk sentiment likely to influence in the afternoon session. Central bank chatter will also provide direction ahead of Fed Chair Powell testimony scheduled for Wednesday and Thursday. Inflation will likely remain a hot topic, with Powell likely to come under fire in the wake of last week’s FOMC projections. A late rise in crude oil prices on Monday tested support for bitcoin and the broader crypto market. WTI Crude increased by 0.65%, the inverse correlation with bitcoin reflected in the chart below. Rising crude oil prices deliver upward pressure on inflation, which has knock-on effects on central bank monetary policy and economic growth prospects. NASDAQ BTC WTI 210622 Daily Chart Crypto Market Cap Falls by a Modest $4bn after a Late Pullback The crypto market looked to consolidate Sunday’s breakout session. Recovering from a low of $847.6 billion, the total market cap rose to a day high of $900.99 billion before falling to $885 billion. The key was avoiding a reversal of Sunday’s $62.6 billion rise and a fall to a new current-year low. Story continues Following last week’s $173 billion loss, however, the risk of a return to sub-$800 billion remains. Total Market Cap 210622 Daily Chart Looking at the top ten, SOL rallied by 3.13%, with ADA (+1.45%) and BNB (+0.70%) also finding support. DOGE (-0.77%) and XRP (-0.63%) and saw red, however, with BTC (-0.01%) and ETH (-0.01%) ending the day flat. From the CoinMarketCap top 100, Synthetix ( SNX ) led the way, surging by 60%. The upside came from investor reaction to Atomic Swap volumes on 1inch and Curver Finance protocols. Following their inclusion, a surge in Atomic Swap trading volumes has drawn investor interest. The fees stemming from trading volumes have also given SNX stakers solid yields. On the stablecoin front, USDD movements were market negative, with TRON DAO Reserve failing to restore the peg. USDD 7-Day Chart 210622 The USDD found support to hit $0.96 before easing back. Failure to return to $1.00 pegged TRON ( TRX ) back again, with TRX ending the day with a 0.34% loss. TRON DAO Reserve figures continued to ease concerns of a USDD collapse. At the time of writing, the collateral ratio stood at 324.05%. USDD Collateral Ratio 210622 Total Crypto Liquidations Eased Back Following Fed Policy Decision The downward trend in total crypto liquidations continued on Monday. After hitting $1 billion last Tuesday, 24-hour liquidations fell from $567 million on Sunday to $315 million on Monday. This morning, 24-hour liquidations stood at $199.82 million. Four-hour and one-hour liquidations reflected improving market conditions. According to Coinglass , one-hour liquidations stood at $4.94 million, with four-hour liquidations at $18.72 million. A further decline in 24-hour total liquidations would deliver crypto market support. Total Crypto Liquidations 210622 Crypto Daily News Highlights South Korea bans Terra employees from leaving the country as lawmakers investigate Terraform labs for tax evasion. Bitcoin miner sell-off accelerated , pressured by bitcoin price declines. Shiba Inu Coin ( SHIB ) continued to draw interest, surpassing USDT to become the largest hold for Ethereum whales. STEPN ( GMT ) continued to find support on network news updates. This article was originally posted on FX Empire More From FXEMPIRE: Old is gold: sky-high cost of ageing ships sounds inflation SOS UK pay deals hold at 4% as inflation steams ahead: XpertHR Exclusive-India’s Tata Steel bought 75,000 tonnes of Russian coal in May – sources Leonardo’s DRS agrees to all-stock merger with Israeli RADA Crypto lender Babel Finance wins debt repayment reprieve after withdrawal freeze Surge in U.S. renewable diesel supply won’t offset loss of petroleum diesel', 'Key Insights: It was a mixed start to the week, with bitcoin (BTC) and Ethereum (ETH) seeing modest losses, while Cardano (ADA) and Solana (SOL) continued the move northwards. With the US markets closed, the NASDAQ 100 Mini provided direction, though headwinds left investors cautious ahead of central bank chatter in the week. The total market cap ended the day with a modest $4.37 billion gain as the broader crypto market consolidated Sunday’s breakout session. It was a choppy session for the crypto market on Monday. Bitcoin ( BTC ) followed Sunday’s rally with a visit to $21,000 before a late pullback. With the US markets closed, the NASDAQ 100 Mini provided support on the day, though the upside was modest following last week’s sell-off. On Monday, the NASDAQ 100 Mini ended the day up 110 points. Headwinds continued to pressure the broader market, reflected in a modest gain in the total crypto market cap. With the US markets reopening later today, investors will be eyeing the NASDAQ, with market risk sentiment likely to influence in the afternoon session. Central bank chatter will also provide direction ahead of Fed Chair Powell testimony scheduled for Wednesday and Thursday. Inflation will likely remain a hot topic, with Powell likely to come under fire in the wake of last week’s FOMC projections. A late rise in crude oil prices on Monday tested support for bitcoin and the broader crypto market. WTI Crude increased by 0.65%, the inverse correlation with bitcoin reflected in the chart below. Rising crude oil prices deliver upward pressure on inflation, which has knock-on effects on central bank monetary policy and economic growth prospects. NASDAQ BTC WTI 210622 Daily Chart Crypto Market Cap Falls by a Modest $4bn after a Late Pullback The crypto market looked to consolidate Sunday’s breakout session. Recovering from a low of $847.6 billion, the total market cap rose to a day high of $900.99 billion before falling to $885 billion. The key was avoiding a reversal of Sunday’s $62.6 billion rise and a fall to a new current-year low. Story continues Following last week’s $173 billion loss, however, the risk of a return to sub-$800 billion remains. Total Market Cap 210622 Daily Chart Looking at the top ten, SOL rallied by 3.13%, with ADA (+1.45%) and BNB (+0.70%) also finding support. DOGE (-0.77%) and XRP (-0.63%) and saw red, however, with BTC (-0.01%) and ETH (-0.01%) ending the day flat. From the CoinMarketCap top 100, Synthetix ( SNX ) led the way, surging by 60%. The upside came from investor reaction to Atomic Swap volumes on 1inch and Curver Finance protocols. Following their inclusion, a surge in Atomic Swap trading volumes has drawn investor interest. The fees stemming from trading volumes have also given SNX stakers solid yields. On the stablecoin front, USDD movements were market negative, with TRON DAO Reserve failing to restore the peg. USDD 7-Day Chart 210622 The USDD found support to hit $0.96 before easing back. Failure to return to $1.00 pegged TRON ( TRX ) back again, with TRX ending the day with a 0.34% loss. TRON DAO Reserve figures continued to ease concerns of a USDD collapse. At the time of writing, the collateral ratio stood at 324.05%. USDD Collateral Ratio 210622 Total Crypto Liquidations Eased Back Following Fed Policy Decision The downward trend in total crypto liquidations continued on Monday. After hitting $1 billion last Tuesday, 24-hour liquidations fell from $567 million on Sunday to $315 million on Monday. This morning, 24-hour liquidations stood at $199.82 million. Four-hour and one-hour liquidations reflected improving market conditions. According to Coinglass , one-hour liquidations stood at $4.94 million, with four-hour liquidations at $18.72 million. A further decline in 24-hour total liquidations would deliver crypto market support. Total Crypto Liquidations 210622 Crypto Daily News Highlights South Korea bans Terra employees from leaving the country as lawmakers investigate Terraform labs for tax evasion. Bitcoin miner sell-off accelerated , pressured by bitcoin price declines. Shiba Inu Coin ( SHIB ) continued to draw interest, surpassing USDT to become the largest hold for Ethereum whales. STEPN ( GMT ) continued to find support on network news updates. This article was originally posted on FX Empire More From FXEMPIRE: Old is gold: sky-high cost of ageing ships sounds inflation SOS UK pay deals hold at 4% as inflation steams ahead: XpertHR Exclusive-India’s Tata Steel bought 75,000 tonnes of Russian coal in May – sources Leonardo’s DRS agrees to all-stock merger with Israeli RADA Crypto lender Babel Finance wins debt repayment reprieve after withdrawal freeze Surge in U.S. renewable diesel supply won’t offset loss of petroleum diesel', 'ProShares will launch a short Bitcoin-backed exchange-traded fund (ETF) on the New York Stock Exchange (NYSE), the U.S.-based ETF issuer announced on Monday . See related article: Bitcoin price hits all-time high after ProShares ETF debut Fast facts ProShares Short Bitcoin Strategy ETF is scheduled to begin trading on the NYSE on Tuesday under the ticker BITI. A short Bitcoin-backed ETF allows investors to profit from falling Bitcoin prices. Bitcoin has fallen rou Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-06-21 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $403,301,624,594 - Hash Rate: 225808603.1296844 - Transaction Count: 254438.0 - Unique Addresses: 647716.0 Social & AI Sentiment: - Fear & Greed Index: 0.09 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin City model El Salvador President Nayib Bukele El Salvador’s millennial president has released a model of his planned “Bitcoin City”, the world’s first dedicated cryptocurrency trading hub that will be powered by geothermal energy from a volcano . According to the model, the city will have a giant Bitcoin logo in the central plaza, while a metallic walkway crowns the volcano like a halo. But the sharing of the plans comes just as Bitcoin, the world’s most traded cryptocurrency, crashes, losing roughly half its value over the last week , reigniting the criticism of President Nayib Bukele’s high-stakes cryptocurrency gamble. Last year, El Salvador became the first nation in the world to make Bitcoin legal tender. This prompted the International Monetary Fund to warn Mr Bukele , a 40-year-old former marketing executive and businessman, that Bitcoin’s rollercoaster price fluctuations put the country’s battered economy at risk. Rating agencies Fitch and Moody’s have this year reduced El Salvador’s credit ratings to their lowest grade while categorising the country’s bonds as “junk”. Some are now warning that El Salvador could default on an $800 million loan payment due in January as a result of Mr Bukele’s Bitcoin push. The cryptocurrency city will have a giant Bitcoin logo in the central plaza The cryptocurrency trading hub is to be powered by geothermal energy from a local volcano Yet the president, a prolific social media user, is doubling down, on Tuesday ordering his economy ministry to buy 500 more Bitcoins to add to its existing reserve of 1,801 Bitcoins, saying that the Central American nation had “bought the dip”. A few hours later, Mr Bukele then bragged that he could make a profit of $11 million by immediately selling his new Bitcoins but preferred to hang on to them. The 500 Bitcoins will have cost nearly £30 million. But that is just half of what they would have been worth a week ago. El Salvador just bought the dip! 🇸🇻 500 coins at an average USD price of ~$30,744 🥳 #Bitcoin — Nayib Bukele (@nayibbukele) May 9, 2022 Mr Bukele has been dogged by allegations of authoritarianism and populism, including persecuting critical journalists, firing a prosecutor who was investigating him, sending armed soldiers into the national assembly ahead of a key vote and secretly negotiating an illegal truce with El Salvador’s uber-violent “mara” street gang s. He is currently immersed in a brutal crackdown of the “maras” following a recent upsurge in murders. Thousands have been locked up and paraded for the TV cameras handcuffed and wearing just their underwear. Human rights groups warn that Mr Bukele’s government now routinely violates the rights of legitimate gang suspects while also sweeping up thousands of innocent bystanders who have nothing to do with the “maras”.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Key Insights: After a mixed start to the week, buying momentum gathered pace on Tuesday, with Dogecoin (DOGE) leading the top ten crypto majors. Solana (SOL) extended its winning streak to five days, its best run since March. The total market cap rose by $8.8 billion, another relatively modest rise. For June, the total market cap remains down by $405 billion. It was another choppy session for the crypto market on Tuesday. Bitcoin ( BTC ) took a run at $22,000 before easing back. The pullback saw bitcoin end the day at $20,699. A sharp pickup in risk appetite across the global financial markets delivered support to the crypto market. With the US markets reopened after Monday’s holiday, the NASDAQ 100 rallied by 2.51%. While weaker than in previous weeks, a correlation between bitcoin and the NASDAQ was evident, with a late decline in the NASDAQ pulling back the broader crypto market. An upward swing in crude oil prices tested support for the NASDAQ and the crypto majors late in the session. Market angst over inflation and central bank policies to bring inflation back to target raises the threat of a global economic recession. NASDAQ BTC WTI 220622 Daily Chart Despite this week’s uptrend, headwinds persist, which leaves the crypto market at risk of a reversal. Today, Fed Chair Powell testimony on Capitol Hill will draw plenty of interest and will remind the markets of what lies ahead on the policy and economy front. Crypto Market Cap Up for Again but Deep in the Red for June Another mixed crypto session led to a modest increase in the total crypto market cap. On Tuesday, the total market cap increased by $8.8 billion, following a $4.4 billion rise on Monday. The upswing was small compared with Sunday’s $62.6 billion jump, leaving the market cap down $405 billion for June. Total Market Cap 220622 Daily Chart Poignantly, the crypto market avoided a new June low for a third consecutive day. However, downside risks remain, with central bank monetary policy, the threat of a recession, and a likely shift in the regulatory landscape the key considerations near term. Story continues Looking at the top ten, ADA (-2.04%) and ETH (-0.18%) gave up early gains to end the day in the red. However, it was a bullish session for the remainder, with DOGE rallying by 9.50% to lead the way. BNB (+1.66%), BTC (+0.71%), SOL (+3.30%), and XRP (+1.44%) also found support. From the CoinMarketCap top 100, Shiba Inu ( SHIB ) and Waves ( WAVES ) led the way, surging by 31.20% and 43.04%, respectively. On the stablecoin front, USDD movements were market positive. While TRON DAO Reserve failed to restore the peg, USDD returned to $0.97, easing market fear of another stablecoin collapse. USDD 7-Day Chart 220622 The return to $0.97 levels delivered TRON ( TRX ) support, with TRX ending the day up 6.18%. TRON DAO Reserve collateral figures continued to ease concerns of a USDD collapse. At the time of writing, the collateral ratio stood at 326.35%. USDD Collateral Ratio 220622 Total Crypto Liquidations Eased Back Following Fed Policy Decision The downward trend in total crypto liquidations continued on Tuesday. After hitting $1 billion last Tuesday, 24-hour liquidations fell from $315 million on Monday to $199.82 million on Tuesday. This morning, 24-hour liquidations stood at $170.27 million, a second consecutive morning at sub-$200 million. One-hour liquidations reflected improving market conditions. According to Coinglass , one-hour liquidations stood at $1.91 million. A decline in 24-hour total liquidations to sub-$100 million would deliver crypto market support. Crypto Daily News Highlights Elon Musk reassurances of support for DOGE delivered a meme coin breakout. Axie Infinity ( AXS ) became the most searched NFT in 112 countries, outmuscling Decentaland ( MANA ). Crypto Casino Stake.com sponsored English Premier League side Everton Football Club. DeFi Pulse Index jumped 13%, driven by a token rebound. Uniswap ( UNI ) broke out on news of the NFT marketplace launch. This article was originally posted on FX Empire More From FXEMPIRE: Climate laws face new EU Parliament vote after failed first try French bank Credit Agricole targets higher growth and more customers by 2025 SoftBank overseas business chief exits in latest churn Tennis-Serena ‘absolutely’ had doubts about competing again Indonesia president to push for peace with Ukraine, Russia visits -minister EU seeks to heal, bring back nature with landmark law', 'Key Insights: After a mixed start to the week, buying momentum gathered pace on Tuesday, with Dogecoin (DOGE) leading the top ten crypto majors. Solana (SOL) extended its winning streak to five days, its best run since March. The total market cap rose by $8.8 billion, another relatively modest rise. For June, the total market cap remains down by $405 billion. It was another choppy session for the crypto market on Tuesday. Bitcoin ( BTC ) took a run at $22,000 before easing back. The pullback saw bitcoin end the day at $20,699. A sharp pickup in risk appetite across the global financial markets delivered support to the crypto market. With the US markets reopened after Monday’s holiday, the NASDAQ 100 rallied by 2.51%. While weaker than in previous weeks, a correlation between bitcoin and the NASDAQ was evident, with a late decline in the NASDAQ pulling back the broader crypto market. An upward swing in crude oil prices tested support for the NASDAQ and the crypto majors late in the session. Market angst over inflation and central bank policies to bring inflation back to target raises the threat of a global economic recession. NASDAQ BTC WTI 220622 Daily Chart Despite this week’s uptrend, headwinds persist, which leaves the crypto market at risk of a reversal. Today, Fed Chair Powell testimony on Capitol Hill will draw plenty of interest and will remind the markets of what lies ahead on the policy and economy front. Crypto Market Cap Up for Again but Deep in the Red for June Another mixed crypto session led to a modest increase in the total crypto market cap. On Tuesday, the total market cap increased by $8.8 billion, following a $4.4 billion rise on Monday. The upswing was small compared with Sunday’s $62.6 billion jump, leaving the market cap down $405 billion for June. Total Market Cap 220622 Daily Chart Poignantly, the crypto market avoided a new June low for a third consecutive day. However, downside risks remain, with central bank monetary policy, the threat of a recession, and a likely shift in the regulatory landscape the key considerations near term. Story continues Looking at the top ten, ADA (-2.04%) and ETH (-0.18%) gave up early gains to end the day in the red. However, it was a bullish session for the remainder, with DOGE rallying by 9.50% to lead the way. BNB (+1.66%), BTC (+0.71%), SOL (+3.30%), and XRP (+1.44%) also found support. From the CoinMarketCap top 100, Shiba Inu ( SHIB ) and Waves ( WAVES ) led the way, surging by 31.20% and 43.04%, respectively. On the stablecoin front, USDD movements were market positive. While TRON DAO Reserve failed to restore the peg, USDD returned to $0.97, easing market fear of another stablecoin collapse. USDD 7-Day Chart 220622 The return to $0.97 levels delivered TRON ( TRX ) support, with TRX ending the day up 6.18%. TRON DAO Reserve collateral figures continued to ease concerns of a USDD collapse. At the time of writing, the collateral ratio stood at 326.35%. USDD Collateral Ratio 220622 Total Crypto Liquidations Eased Back Following Fed Policy Decision The downward trend in total crypto liquidations continued on Tuesday. After hitting $1 billion last Tuesday, 24-hour liquidations fell from $315 million on Monday to $199.82 million on Tuesday. This morning, 24-hour liquidations stood at $170.27 million, a second consecutive morning at sub-$200 million. One-hour liquidations reflected improving market conditions. According to Coinglass , one-hour liquidations stood at $1.91 million. A decline in 24-hour total liquidations to sub-$100 million would deliver crypto market support. Crypto Daily News Highlights Elon Musk reassurances of support for DOGE delivered a meme coin breakout. Axie Infinity ( AXS ) became the most searched NFT in 112 countries, outmuscling Decentaland ( MANA ). Crypto Casino Stake.com sponsored English Premier League side Everton Football Club. DeFi Pulse Index jumped 13%, driven by a token rebound. Uniswap ( UNI ) broke out on news of the NFT marketplace launch. This article was originally posted on FX Empire More From FXEMPIRE: Climate laws face new EU Parliament vote after failed first try French bank Credit Agricole targets higher growth and more customers by 2025 SoftBank overseas business chief exits in latest churn Tennis-Serena ‘absolutely’ had doubts about competing again Indonesia president to push for peace with Ukraine, Russia visits -minister EU seeks to heal, bring back nature with landmark law', '• On Tuesday, Elon Musk returned to the subject of Dogecoin (DOGE), reassuring investors of his unwavering support.\n• DOGE rallied by 9.50%, with Shiba Inu (SHIB) surging by 31.20% on Musk support.\n• Technical indicators are bullish, with DOGE sitting above the 100-day EMA.\nLong-time Dogecoin (DOGE) advocate Elon Musk was back in the news this week. A $258 billionlawsuitappears to have done little to deter the man behind Tesla Inc. and SpaceX from supporting the meme coins.\nUnlike many, however, Elon Musk has done more than talk, with Tesla Inc. and SpaceX accepting DOGE and SHIB for merch payments.\nDespite Musk’s unwavering support, crypto investor Keith Johnson sued Elon Musk, SpaceX, and Tesla Inc. last week for promoting DOGE.\nJohnson alleged he was defrauded out of money by the defendants, calling the meme coin a “Dogecoin Crypto Pyramid Scheme.”\nJohnson went on to claim,\n“Defendants falsely and deceptively claim that Dogecoin is a legitimate investment when it has no value at all.”\nJohnson looks to represent investors “who have lost mo Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-06-22 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $382,698,855,000 - Hash Rate: 193273708.269298 - Transaction Count: 255472.0 - Unique Addresses: 639691.0 Social & AI Sentiment: - Fear & Greed Index: 0.11 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: NEW YORK (AP) Its been a wild week in crypto, even by crypto standards. Bitcoin tumbled, stablecoins were anything but stable and one of the crypto industry's highest-profile companies lost a third of its market value. Here's a look at some major developments in cryptocurrencies this week: BITCOIN The price of bitcoin dropped to around $25,420 this week, its lowest level since December 2020, according to CoinDesk. It steadied around $30,000 Friday, but that's still less than half the price bitcoin fetched last November. Some bitcoin proponents have said the digital currency could protect its holders against inflation and act as a hedge against a decline in the stock market. Lately, it's done neither. Inflation at the consumer level rose 8.3% in April compared to a year ago, a level last seen in the early '80's. With the Federal Reserve aggressively raising interest rates to try to tamp down inflation, investors are dumping risky assets, including stocks and crypto. The S&P 500 is down more than 15% this year. Bitcoin has dropped about 37% year to date. Other cryptos have fared just as poorly. Ethereum has dropped 44% and dogecoin, a cryptocurrency favored by Tesla CEO Elon Musk, has lost about half its value. STABLECOIN COLLAPSE Stablecoins have been viewed as a safe harbor among cryptocurrencies. Thats because the value of many stablecoins is pegged to a government-backed currency, such as the U.S. dollar, or precious metals such as gold. But this week one of the more widely used stablecoins, Terra, experienced the cryptocurrency equivalent of a run on the bank. Terra is a stablecoin in a cryptocurrency ecosystem known as Terra Luna. Terra is an algorithmic stablecoin, which means its supply is adjusted through complicated buying and selling to keep its peg to $1. Terra was also fueled by an incentive program that gave its holders high yields on their Terra. Luna was the coin meant to be used in the ecosystem to buy and sell assets, and at its peak it was worth more than $100. Even though the developers of Terra said its algorithms would backstop the stablecoin, they decided to further backstop it with holdings of bitcoin. Terras problems started from a combination of withdrawals of hundreds of millions, perhaps billions, of dollars from Anchor, a platform that supported the stablecoin. Combined with worries overall about cryptocurrencies, and the drop in bitcoins price, Terra started to lose its peg to the dollar. The bitcoin that Terra held was also worth less than they paid for it, and selling those bitcoin into the market caused bitcoin prices to fall even further. Story continues Efforts by Terra's developers to shore up liquidity failed. On Friday, Terra had fallen to 12 cents and Luna was trading at a value of less than one ten thousandth of one cent. COINBASE Coinbase lost about a third of its value this week, during which the cryptocurrency trading platform reported that active monthly users fell by 19% in the first quarter amid the decline in crypto values. Investors had been running for the exits even before Coinbase reported a $430 million quarterly loss. Shares closed Friday at $67.87. On the day of its initial public offering just 13 months ago, shares reached $429 each. In a letter to shareholders, Coinbase said it believed that current market conditions were not permanent and it remained focused on the long-term while prioritizing product development. While most Wall Street analysts expect Coinbase to weather the storm, they're also warning that increased regulation of cryptocurrencies could hamper the company's growth. REGULATORS There has been a lot of talk about regulating cryptocurrencies, but little in the way of action. Treasury Secretary Janet Yellen, responding to the volatility in the crypto markets this week, said Thursday that the U.S. needs a regulatory framework to guard against the risks surrounding cryptocurrencies and stablecoins. In March, Federal Reserve Chair Jerome Powell said new forms of digital money such as cryptocurrencies and stablecoins present risks to the U.S. financial system and will require new rules to protect consumers. This Monday, right before the implosion of Terra, the Fed said in its semiannual report on financial stability that stablecoins are vulnerable to runs that could harm owners of the coins. Securities and Exchange Commission Chairman Gary Gensler has said that the crypto industry is rife with fraud, scams and abuse and that his agency needs more authority from Congress and more funding to regulate the market. Britain has unveiled plans to regulate stablecoins as part of a broader plan to become a global hub for digital payments. European Union lawmakers have agreed on draft rules for cryptoassets, but still have to negotiate a final bill. __ AP Economics Writer Christopher Rugaber and AP Technology Write Michael Liedtke contributed. View comments... - Reddit Posts (Sample): [['u/TotesGnar', 'Just Panic Sold.....', 78, '2022-06-22 01:13', 'https://www.reddit.com/r/Bitcoin/comments/vhqe7z/just_panic_sold/', '....my dollars for Bitcoin. Huge lesson learned.', 'https://www.reddit.com/r/Bitcoin/comments/vhqe7z/just_panic_sold/', 'vhqe7z', [['u/thephobiaa', 17, '2022-06-22 01:19', 'https://www.reddit.com/r/Bitcoin/comments/vhqe7z/just_panic_sold/id8nfqw/', 'This is the way', 'vhqe7z'], ['u/inhodel', 100, '2022-06-22 03:17', 'https://www.reddit.com/r/Bitcoin/comments/vhqe7z/just_panic_sold/id91v43/', 'Hey man. 2018 bear market wants its joke back.', 'vhqe7z'], ['u/ndgoLiberty', 22, '2022-06-22 04:45', 'https://www.reddit.com/r/Bitcoin/comments/vhqe7z/just_panic_sold/id9c9hj/', 'He bought? Domp eet', 'vhqe7z'], ['u/seaningtime', 14, '2022-06-22 05:07', 'https://www.reddit.com/r/Bitcoin/comments/vhqe7z/just_panic_sold/id9etxr/', 'Gotta love these low effort jokes that get recycled every day', 'vhqe7z'], ['u/tranceology3', 10, '2022-06-22 09:14', 'https://www.reddit.com/r/Bitcoin/comments/vhqe7z/just_panic_sold/ida0zcv/', 'Hey man, 2016 wants this joke back.', 'vhqe7z']]], ['u/Augustus--', 'Serious question: what do butters say will happen when the last block is mined?', 38, '2022-06-22 01:34', 'https://www.reddit.com/r/Buttcoin/comments/vhqswu/serious_question_what_do_butters_say_will_happen/', 'So I\'m not a crypto expert, but from my casual perusing of this sub:\n\nMining blocks means wasting energy to have GPUs perform complex math\n\nPeople only mine blocks because mining blocks gives you Bitcoin\n\nMining is needed because it\'s how the blockchain grows and that blockchain is where all the transactions and nfts and other dumb crypto stuff happens\n\nThere are a finite amount of bitcoins\n\n\n\nSo eventually the last Bitcoin will be mined... And then what? The miners no longer get Bitcoin when they mine so they won\'t grow the blockchain, so what happens? Is this a """""""""currency""""""""" with a planned obsolescence scheme?', 'https://www.reddit.com/r/Buttcoin/comments/vhqswu/serious_question_what_do_butters_say_will_happen/', 'vhqswu', [['u/Cryptcunt', 55, '2022-06-22 01:36', 'https://www.reddit.com/r/Buttcoin/comments/vhqswu/serious_question_what_do_butters_say_will_happen/id8pjp7/', 'I think the idea is that network transaction fees will keep the miners going.', 'vhqswu'], ['u/elegant-jr', 39, '2022-06-22 01:49', 'https://www.reddit.com/r/Buttcoin/comments/vhqswu/serious_question_what_do_butters_say_will_happen/id8r6dk/', 'Long before that transaction fees will be so high btc will be practically unmovable i think.', 'vhqswu'], ['u/MR_-_501', 12, '2022-06-22 01:49', 'https://www.reddit.com/r/Buttcoin/comments/vhqswu/serious_question_what_do_butters_say_will_happen/id8r6qt/', "You misunderstand the way the mining difficulty works, it's more like a competition that gets more difficult when more miners join, the block reward in buttcoin is getting lower, and will keep getting lower, however the difficulty is based on the amount of miners, so it will always reach an equilibrium between reward/buttcoin value and how much all miners can spend on electricity/hardware to break even.\n\nThis is also why amount of energy per transaction is such a bs comparison, it is actually worse for the environment to hold buttcoin because you are increasing the price by decreasing supply, and higher buttcoin prices means more useless mining operations.", 'vhqswu'], ['u/Cryptcunt', 31, '2022-06-22 01:58', 'https://www.reddit.com/r/Buttcoin/comments/vhqswu/serious_question_what_do_butters_say_will_happen/id8s8lu/', "it's already practicality unmovable! 🤣", 'vhqswu'], ['u/PneumaticAtol39', 27, '2022-06-22 02:17', 'https://www.reddit.com/r/Buttcoin/comments/vhqswu/serious_question_what_do_butters_say_will_happen/id8ukak/', 'There will be a loud bang and they will all cum together, in their lambos, while driving at 150 mph, on a country road, in their mind, in an asylum.', 'vhqswu'], ['u/raishak', 20, '2022-06-22 03:33', 'https://www.reddit.com/r/Buttcoin/comments/vhqswu/serious_question_what_do_butters_say_will_happen/id93qgd/', 'As a miner, you get to pick which transactions go into your block. You also get to send all the transaction fees attached to those to your own wallet. Then you try as hard as you can to "solve" your block, which is basically just randomly guessing a number until you get one that works. \n\nWhenever a miner solves the "next" block on the chain, the transaction fees paid to them go from "pending" to real, and they can use that money. The fixed mining reward is also in this transaction list so they get that too. \n\nAs a non-miner, you can add what ever transaction fee you want to your transaction. You could even add nothing and so it will be free. Basically you bid for a miner\'s attention by increasing the fee you are willing to pay.', 'vhqswu'], ['u/thedomjack', 10, '2022-06-22 04:26', 'https://www.reddit.com/r/Buttcoin/comments/vhqswu/serious_question_what_do_butters_say_will_happen/id99zpq/', "So long as the price of bitcoin keeps going up and there aren't any bad actors with access to cheap power everything will be fine.", 'vhqswu'], ['u/ross_st', 12, '2022-06-22 04:55', 'https://www.reddit.com/r/Buttcoin/comments/vhqswu/serious_question_what_do_butters_say_will_happen/id9dgpw/', "The block reward was meant to be like a subsidy for transaction fees.\n\nThe idea is that after the block reward reaches 0, miners are rewarded solely by transaction fees, because everyone uses Bitcoin by that point so there are lots of people paying transaction fees.\n\nThe fact that Bitcoin can't actually support that many users was never addressed by Satoshi before he disappeared, which led to a civil war over how Bitcoin should be modified so it can scale. There are essentially two competing solutions; Layer 2 on top of Bitcoin, and forks of Bitcoin that increase the block size. (Neither solution actually makes Bitcoin scalable enough for global usage.)", 'vhqswu'], ['u/elegant-jr', 16, '2022-06-22 08:54', 'https://www.reddit.com/r/Buttcoin/comments/vhqswu/serious_question_what_do_butters_say_will_happen/id9zh2e/', "Basically saying it's useless.", 'vhqswu']]], ['u/Ok_Ladder1082', 'Bitcoin ATM in small town of 1,700 people', 181, '2022-06-22 02:24', 'https://www.reddit.com/r/Bitcoin/comments/vhrtkf/bitcoin_atm_in_small_town_of_1700_people/', '[Just went to my local gas station in a rural area of Tennessee, our town only has 1,733 people, and I see this. ](https://preview.redd.it/i8q74blog2791.jpg?width=1164&format=pjpg&auto=webp&s=242c782ce4b8038581cf4b33901c4b018e7f2d07)', 'https://www.reddit.com/r/Bitcoin/comments/vhrtkf/bitcoin_atm_in_small_town_of_1700_people/', 'vhrtkf', [['u/lDanceLikeThis', 48, '2022-06-22 02:37', 'https://www.reddit.com/r/Bitcoin/comments/vhrtkf/bitcoin_atm_in_small_town_of_1700_people/id8x2q0/', 'Is the town like the show Ozarks? You only need one with enough dirty money to fill the whole laundromat.', 'vhrtkf'], ['u/arbalest_22', 34, '2022-06-22 03:19', 'https://www.reddit.com/r/Bitcoin/comments/vhrtkf/bitcoin_atm_in_small_town_of_1700_people/id9220t/', 'Enjoy the fees. lol', 'vhrtkf'], ['u/Ok_Ladder1082', 13, '2022-06-22 03:29', 'https://www.reddit.com/r/Bitcoin/comments/vhrtkf/bitcoin_atm_in_small_town_of_1700_people/id93b1q/', 'lol i would never use, just thought it was interesting', 'vhrtkf'], ['u/motaconan', 11, '2022-06-22 03:40', 'https://www.reddit.com/r/Bitcoin/comments/vhrtkf/bitcoin_atm_in_small_town_of_1700_people/id94lu5/', 'That bitcoin ATM is owned and operated by a large bitcoin ATM company named Coin Cloud.\n\nhttps://coinatmradar.com/operator/30/coin-cloud-bitcoin-atm-operator/#locations\n\nCoin Cloud owns and operates 5860 bitcoin ATMs.', 'vhrtkf'], ['u/notkevin_durant', 18, '2022-06-22 03:49', 'https://www.reddit.com/r/Bitcoin/comments/vhrtkf/bitcoin_atm_in_small_town_of_1700_people/id95mes/', 'But he said 100%', 'vhrtkf'], ['u/feyyd', 15, '2022-06-22 03:50', 'https://www.reddit.com/r/Bitcoin/comments/vhrtkf/bitcoin_atm_in_small_town_of_1700_people/id95sjp/', 'apparently over 20% otherwise sign me up for infinite bitcoin', 'vhrtkf'], ['u/ogherbsmon', 10, '2022-06-22 04:09', 'https://www.reddit.com/r/Bitcoin/comments/vhrtkf/bitcoin_atm_in_small_town_of_1700_people/id982rg/', 'If you spend over $100 your fees are free! Lol', 'vhrtkf']]], ['u/lymeguy', 'how many of you think crypto is a semi ponzi scheme?', 1390, '2022-06-22 02:52', 'https://www.reddit.com/r/CryptoCurrency/comments/vhse31/how_many_of_you_think_crypto_is_a_semi_ponzi/', "Don't get me wrong I'm not saying you can't make money in it or that there are potential legitimate uses for it. But I think stuff that people like Michael Saylor try to sell about Bitcoin is total bs. \n\nYou'd think you're listening to a religious pastor when you hear him spread pretentious ideas about how bitcoin is the future of finance. Lmao. \n\nI'm sure bitcoin still has big bull runs in its future but I don't see any evidence of what libertarian hard-core crypto people claim about it happening. \n\nUltimately though I think much of the massive money that gets put in by whales is to pump up the market and eventually cash a lot out when it gets big enough, and leaves retailers in many cases screwed over. \n\nWhat do you think, whether you agree or disagree?\n\n🐻 🐄🐮", 'https://www.reddit.com/r/CryptoCurrency/comments/vhse31/how_many_of_you_think_crypto_is_a_semi_ponzi/', 'vhse31', [['u/fan_of_hakiksexydays', 53, '2022-06-22 02:55', 'https://www.reddit.com/r/CryptoCurrency/comments/vhse31/how_many_of_you_think_crypto_is_a_semi_ponzi/id8z93x/', "So you're essentially asking, how many people are confusing Ponzi scheme for greater fool scheme. \n\nWhich is what people who call Bitcoin a Ponzi are actually trying to say, but they never bothered to check the definition.", 'vhse31'], ['u/Smiling_Jack_', 171, '2022-06-22 03:00', 'https://www.reddit.com/r/CryptoCurrency/comments/vhse31/how_many_of_you_thi... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Key Insights: After brief relief on Tuesday, volatility spiked on Wednesday, with Fed Chair Powell pulling the crypto strings. Dogecoin (DOGE), Ethereum (ETH), and Solana (SOL) joined bitcoin (BTC) in deep the red. Solana saw a five-day winning streak come to an end. The total market cap reversed gains from Monday and Tuesday, with a $33 billion fall to end the day at $862 billion. It was yet another choppy session for the crypto market on Wednesday. Recession fears plagued bitcoin ( BTC ) and the broader crypto market. Apprehension ahead of Fed Chair Powell’s testimony on Capitol Hill added to the market angst. The NASDAQ Mini 100, WTI crude oil, and the crypto market were in the red going into the afternoon session. Market sensitivity to Fed Chair Powell’s testimony was evident, not only across the global equity markets, but also across the crypto market. However, after tracking the NASDAQ 100 through the early part of the Powell testimony, a decoupling was evident later. On Wednesday, the NASDAQ 100 slipped by 0.15%, while bitcoin slid by 3.6%. WTI crude slid by 4.03% to $106.19, with the reversal more aligned with the crypto market and reflective of investor jitters over the risk of a US recession. NASDAQ BTC WTI 230622 5 Minute Chart Today, the second day of Fed Chair Powell’s testimony on Capitol Hill will draw interest along with key stats from the US. Economic data from the US include prelim June private sector PMIs and the weekly jobless claims. The numbers will need to be upbeat to support the Fed Chair’s view on labor market conditions and the economy. Crypto Market Cap Hits Reverse as Powell Talks Recession A bearish crypto session saw the total crypto market cap fall to a day low of $852 billion before a partial recovery to end the day at $861.5 billion. On Wednesday, $33 billion came off the table as investors responded to Fed Chair Powell’s testimony. Total Market Cap 230622 Daily Chart The pullback reversed modest gains from earlier in the week, with the market cap now down $19 billion for the week and $431 billion for June. Story continues Any market hope of Powell removing downside risks vanished on Wednesday. Initially, the market responded positively to early comments before hitting reverse. In line with market expectations, Fed Chair Powell discussed the need to continue hiking rates to bring inflation back to target. According to FX Empire , Powell noted , “We anticipate that ongoing rate increases will be appropriate; the pace of those changes will continue to depend on the incoming data and the evolving outlook for the economy.” For riskier assets, Powell’s reference to the influence of incoming data and the economic outlook on the Fed interest rate path eased immediate concerns of a hard landing. The support was brief, however, with the Q&A session highlighting the Fed’s threat to the US economy. Market reaction to the testimony left the top ten cryptos in negative territory. DOGE (-6.21%), ETH (-6.75%), and SOL (-6.25%) led the way down. ADA (-4.75%) and BTC (-3.63%) also struggled, while BNB (-2.64%) and XRP (-1.89%) saw relatively modest losses. From the CoinMarketCap top 100, Waves ( WAVES ) was the biggest loser, sliding by 15.39%, the downside partially reversing a 43.04% breakout from Tuesday. Several cryptos bucked the trend, with Polygon ( MATIC ) and Uniswap ( UNI ) among the front runners. MATIC and UNI ended the day with gains of 8.49% and 4.32%, respectively. Stablecoins Hold Steady Despite USDD Peg Issues On the stablecoin front, USDD avoided a fall to sub-$0.97 before striking a day high of $0.9762. USDD 7-Day Chart 230622 Since June 13, TRON DAO Reserve has yet to restore the dollar peg. Despite this, a partial recovery from a June 19 of $0.9256 remains good enough for the market. Transparency has proven to be the key, with initial investor fear of another stablecoin collapse abating. According to TRON DAO Reserve, the collateral ratio stood at 324.16%. USDD Collateral Ratio 230622 Looking at the major stablecoins, Binance USD ( BUSD ) and USD Coin ( USDC ) were the only coins with the dollar peg firmly in place. Total Crypto Liquidations Eased Further Back Powell’s Testimony The downward trend in total crypto liquidations continued into this morning. 24-hour liquidations slipped from a Wednesday $170.27 million to $165.11 million this morning. Last week, total liquidations had hit $1 billion levels. One-hour liquidations reflected improved market conditions. According to Coinglass , one-hour liquidations stood at $2.05 million. Total Crypto Liquidations 230622 A decline in 24-hour total liquidations to sub-$100 million would deliver crypto market support. Persistent headwinds, including the threat of an economic recession, will continue to test support cryptos. Daily News Highlights Crypto.com obtained Singapore regulatory approval for payment services. Citibank & Swiss company METACO announced plans to develop institutional crypto custody. Israel and Hong Kong reported plans to test new digital currencies. Tether ( USDT ) announced its fifth stablecoin offering, the GBPT. Cardano (ADA) slumped on news of a delay to the Vasil hard fork. Crypto mining became more accessible as miners sold graphic cards at heavy discounts. This article was originally posted on FX Empire More From FXEMPIRE: Wildfire in southwest Turkey rages on, dashing hopes it was contained Maxwell deserves 30- to 55-year prison term – U.S. prosecutors As Russia cuts gas, German industry grapples with painful choices Australian state inquiry says miners failed to protect women E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – ‘Possibility’ of Recession Capping Gains Dollar languishes as recession fears mount; yen bounces while won slides', 'Key Insights: After brief relief on Tuesday, volatility spiked on Wednesday, with Fed Chair Powell pulling the crypto strings. Dogecoin (DOGE), Ethereum (ETH), and Solana (SOL) joined bitcoin (BTC) in deep the red. Solana saw a five-day winning streak come to an end. The total market cap reversed gains from Monday and Tuesday, with a $33 billion fall to end the day at $862 billion. It was yet another choppy session for the crypto market on Wednesday. Recession fears plagued bitcoin ( BTC ) and the broader crypto market. Apprehension ahead of Fed Chair Powell’s testimony on Capitol Hill added to the market angst. The NASDAQ Mini 100, WTI crude oil, and the crypto market were in the red going into the afternoon session. Market sensitivity to Fed Chair Powell’s testimony was evident, not only across the global equity markets, but also across the crypto market. However, after tracking the NASDAQ 100 through the early part of the Powell testimony, a decoupling was evident later. On Wednesday, the NASDAQ 100 slipped by 0.15%, while bitcoin slid by 3.6%. WTI crude slid by 4.03% to $106.19, with the reversal more aligned with the crypto market and reflective of investor jitters over the risk of a US recession. NASDAQ BTC WTI 230622 5 Minute Chart Today, the second day of Fed Chair Powell’s testimony on Capitol Hill will draw interest along with key stats from the US. Economic data from the US include prelim June private sector PMIs and the weekly jobless claims. The numbers will need to be upbeat to support the Fed Chair’s view on labor market conditions and the economy. Crypto Market Cap Hits Reverse as Powell Talks Recession A bearish crypto session saw the total crypto market cap fall to a day low of $852 billion before a partial recovery to end the day at $861.5 billion. On Wednesday, $33 billion came off the table as investors responded to Fed Chair Powell’s testimony. Total Market Cap 230622 Daily Chart The pullback reversed modest gains from earlier in the week, with the market cap now down $19 billion for the week and $431 billion for June. Story continues Any market hope of Powell removing downside risks vanished on Wednesday. Initially, the market responded positively to early comments before hitting reverse. In line with market expectations, Fed Chair Powell discussed the need to continue hiking rates to bring inflation back to target. According to FX Empire , Powell noted , “We anticipate that ongoing rate increases will be appropriate; the pace of those changes will continue to depend on the incoming data and the evolving outlook for the economy.” For riskier assets, Powell’s reference to the influence of incoming data and the economic outlook on the Fed interest rate path eased immediate concerns of a hard landing. The support was brief, however, with the Q&A session highlighting the Fed’s threat to the US economy. Market reaction to the testimony left the top ten cryptos in negative territory. DOGE (-6.21%), ETH (-6.75%), and SOL (-6.25%) led the way down. ADA (-4.75%) and BTC (-3.63%) also struggled, while BNB (-2.64%) and XRP (-1.89%) saw relatively modest losses. From the CoinMarketCap top 100, Waves ( WAVES ) was the biggest loser, sliding by 15.39%, the downside partially reversing a 43.04% breakout from Tuesday. Several cryptos bucked the trend, with Polygon ( MATIC ) and Uniswap ( UNI ) among the front runners. MATIC and UNI ended the day with gains of 8.49% and 4.32%, respectively. Stablecoins Hold Steady Despite USDD Peg Issues On the stablecoin front, USDD avoided a fall to sub-$0.97 before striking a day high of $0.9762. USDD 7-Day Chart 230622 Since June 13, TRON DAO Reserve has yet to restore the dollar peg. Despite this, a partial recovery from a June 19 of $0.9256 remains good enough for the market. Transparency has proven to be the key, with initial investor fear of another stablecoin collapse abating. According to TRON DAO Reserve, the collateral ratio stood at 324.16%. USDD Collateral Ratio 230622 Looking at the major stablecoins, Binance USD ( BUSD ) and USD Coin ( USDC ) were the only coins with the dollar peg firmly in place. Total Crypto Liquidations Eased Further Back Powell’s Testimony The downward trend in total Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-06-23 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $388,074,262,875 - Hash Rate: 223431040.49786 - Transaction Count: 255213.0 - Unique Addresses: 633984.0 Social & AI Sentiment: - Fear & Greed Index: 0.11 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: cryptocurrency investing concept Getty Image A precipitous plunge in Coinbase Global ( COIN , $72.99) stock is suddenly more than just a concern to current shareholders. That's because the cryptocurrency exchange operator just warned its users that, in the event of a bankruptcy, the company might just hold on to their digital assets. Typically, the most important news to come out of a publicly traded company's quarterly earnings report is … well, the earnings. Analysts, media and investors all flock to see how the company's most recent sales, profits and other performance metrics stacked up, and when available, what the company projects it will do going forward. SEE MORE 18 Bitcoin ETFs and Cryptocurrency Funds You Should Know But in Coinbase's report, released Tuesday after the market close, the biggest news nugget was tucked away in a lesser-viewed section: "Risk factors." Public companies must regularly disclose extensive amounts of information related to their business to aid investors in understanding the full risks involved with their investments. And in their Q1 2022 filing , a new SEC requirement called SAB 121 obligated the company to detail responsibilities to safeguard crypto assets held for users on the trading platform. The disclosure stated that, in the event Coinbase ever declared bankruptcy, "the crypto assets we hold in custody on behalf of our customers could be subject to bankruptcy proceedings" and Coinbase users would become "general unsecured creditors". Coinbase CEO Brian Armstrong insists Coinbase isn't at risk of bankruptcy . "There is some noise about a disclosure we made in our 10Q today about how we hold crypto assets," he tweeted. "Tl;dr: Your funds are safe at Coinbase, just as they’ve always been." But amid a weak quarterly performance and a recent collapse in crypto prices – not to mention shares that had crumpled by 25% late Wednesday and, as of late in the session, were down more than 85% from the company's $381 initial public offering (IPO) price – Coinbase users wouldn't be blamed for wondering what exactly this new risk factor means for them. Story continues And for that matter, users of any platform that facilitates crypto trading might want to learn a little more about this situation. What Happened? Coinbase on Tuesday reported a pretty disappointing quarter on most fronts. First-quarter revenues were off 27% year-over-year to $1.17 billion, widely missing analysts' expectations for $1.50 billion. Meanwhile, the company swung to a $430 million loss after earning $388 million in the year-ago period, and monthly users were down 19% YoY. SEE MORE Now You Can Own Bitcoin in 401(k)s. Should You? But investors were more drawn to an SEC disclosure related to what would happen to user cryptocurrency assets in the worst-case event of a future bankruptcy proceeding: "Because custodially held crypto assets may be considered to be the property of a bankruptcy estate, in the event of a bankruptcy, the crypto assets we hold in custody on behalf of our customers could be subject to bankruptcy proceedings and such customers could be treated as our general unsecured creditors," the company said in its Form 10-Q. What Does That Mean for Coinbase Users (And Their Crypto)? This effectively means Coinbase users' ownership of their crypto isn't absolute. In the event of a Coinbase bankruptcy, any crypto held on the exchange becomes subject to bankruptcy proceedings, potentially taking away users' cryptocurrency assets. Such an event wouldn't happen with a crypto wallet that carries a private key , or a long string of characters that acts as a password. Without this private key, the crypto becomes inaccessible. When users create a Coinbase account, they actually hold their crypto in a wallet controlled by Coinbase. Users agree to have Coinbase hold the private key; instead, users gain access to the wallet with a typical password. In doing so, Coinbase users give up partial control over their cryptocurrency assets. In the event of a bankruptcy, that means Coinbase has to hand over the keys, so to speak, to debtors. Receiving treatment as a general unsecured creditor during a bankruptcy proceeding would mean Coinbase users wouldn't have the right to claim any specific property from the exchange during the proceedings. Further, they'd be locked from accessing their funds held on the platform. When companies proceed to liquidation during a bankruptcy proceeding, all of its assets get distributed to its creditors. First in line to claim assets they are owed are secured creditors, followed by unsecured creditors. General unsecured creditors sit behind secured creditors but ahead of common stockholders. While the potential for being treated as a general unsecured creditor is bad enough, the company also states the new language may lead customers to believe holding cryptocurrency with the platform would be "more risky," potentially impacting the company's financial position further. Investors should note that none of this reflects a sudden change in policy. "The Coinbase comments regarding the potential loss to customers if the company ever filed for bankruptcy is not really new information more than it is the public just starting to understand the ramifications of trading in this unregulated industry," says Rance Masheck, CEO of stock research platform iVest+. What About SIPC, You Say? Traditional brokerages carry Securities Investor Protection Corporation (SIPC) coverage worth a total of $500,000, of which $250,000 is coverage for cash and the remainder for securities held in your brokerage account. Securities, in this context, imply financial assets like stocks and bonds. SEE MORE Is Crypto Investing Really Worth It? At this time, however, crypto isn't considered a security, meaning crypto holdings don't carry such coverage. If Coinbase offered only trading of covered securities, Coinbase users would have SIPC coverage to protect against the loss of cash or securities due to financial troubles from the exchange. Regardless, Armstrong believes Coinbase customers are safe. "We believe our Prime and Custody customers have strong legal protections in their terms of service that protects their assets, even in a black swan event like this," he says. "This disclosure makes sense that these legal protections have not been tested in court for crypto assets specifically." Wall Street Still High on Coinbase Global While several Wall Street analysts spent Wednesday lowering their expectations for COIN stock, the pros are broadly still constructive on the crypto exchange operator's shares. According to S&P Global Market Intelligence, of the 25 analysts following COIN, 12 call it a Strong Buy and seven call it a Buy, versus just four Holds, one Sell and one Strong Sell. That's good for a high-conviction consensus Buy rating. Moreover, an average price target of $202.91 per share implies 178% upside from Tuesday's closing price – and even more potential gains from COIN's likely Wednesday closing price. "From our perspective, we see one of the most differentiated players in the industry," says Wedbush analyst Moshe Katri, "with significant scale, flushed with cash, efficiently and strategically managing its operation, cognizant of the market's volatility, but also planning for a potential stabilization/recovery in crypto asset volatility." Katri maintained an Outperform rating (Buy) but lowered his price target to $100 per share from $160. Oppenheimer analyst Owen Lau (Outperform) admits that the Federal Reserve is taking away "massive" liquidity, which in turn is discouraging risks in long-duration assets and driving trading-volume weakness. Regardless, he argues that "crypto adoptions continue; COIN has a strong balance sheet and is able to weather the storm; and COIN continues to diversify, which makes COIN an attractive long-term investment." SEE MORE The ‘Bividend’: What’s Up With BTCS’s Bitcoin Dividend? You may also like 10 Substantial Stock Splits to Put on Your Radar Your Guide to Roth Conversions Should Retirees Stay Invested and Ride Out These Volatile Times?... - Reddit Posts (Sample): [['u/CryptoMinimalist', "Let's focus less on Bitcoins Price and more on actual adoption.", 216, '2022-06-23 00:23', 'https://www.reddit.com/r/Bitcoin/comments/vih8qs/lets_focus_less_on_bitcoins_price_and_more_on/', "Almost every post right now is about will it go down more or when bull market? Let's focus more on utility and adoption instead. Bitcoin without merchant adoption will remain a speculative asset. A store of value at the most.", 'https://www.reddit.com/r/Bitcoin/comments/vih8qs/lets_focus_less_on_bitcoins_price_and_more_on/', 'vih8qs', [['u/ProoM', 13, '2022-06-23 02:11', 'https://www.reddit.com/r/Bitcoin/comments/vih8qs/lets_focus_less_on_bitcoins_price_and_more_on/iddc30b/', "This you?: \n\n\n>We'll take our profits until we can pay directly with crypto. Until that crypto is a Fiat casino.", 'vih8qs'], ['u/razorduc', 79, '2022-06-23 02:28', 'https://www.reddit.com/r/Bitcoin/comments/vih8qs/lets_focus_less_on_bitcoins_price_and_more_on/idde4xw/', 'So you want 95% of the Bitcoin market to stop looking at the only reason they’re in the Bitcoin market?', 'vih8qs'], ['u/CryptoMinimalist', 20, '2022-06-23 02:30', 'https://www.reddit.com/r/Bitcoin/comments/vih8qs/lets_focus_less_on_bitcoins_price_and_more_on/iddecko/', "Yes? If we don't use it as a currency and keep thinking in dollars it will remain a casino.", 'vih8qs'], ['u/CryptoMinimalist', 21, '2022-06-23 02:35', 'https://www.reddit.com/r/Bitcoin/comments/vih8qs/lets_focus_less_on_bitcoins_price_and_more_on/iddex8e/', 'The funny thing is when we embrace Bitcoin as a currency, price will go hyperbolic.', 'vih8qs'], ['u/VPNApe', 14, '2022-06-23 02:51', 'https://www.reddit.com/r/Bitcoin/comments/vih8qs/lets_focus_less_on_bitcoins_price_and_more_on/iddh0w4/', "Well there's nothing 99.99% of us can do about adoption. If stores aren't accepting it as a means of payment then it is impossible to use for most people as a currency. If stores don't give discounts that beat credit card rewards you are giving up free money by using Bitcoin.\n\nThere's nothing we can do but wait. I have a good feeling that most retailers would be happy to offer discounts to avoid paying credit card fees.", 'vih8qs'], ['u/Zimbabwe847', 11, '2022-06-23 09:10', 'https://www.reddit.com/r/Bitcoin/comments/vih8qs/lets_focus_less_on_bitcoins_price_and_more_on/idejxla/', 'The community has embraced it for over a decade now my G. What you and other new investors fail to realize is that the recent rapid push to 50k+ this year has nothing to do with “market adoption” or “utility” or a new solvent currency. \n\nBtc has had ineffable amounts of transaction volume for more than ten years now. I’ve been hodling since 2012 and can tell you this currency idea is not novel. The only reason it jumped so exponentially in the last couple of years was heavy speculation by hedge funds, central banks, governments, and other institutions using it as a less regulated store of value. Once all of these imprudent crypto newbs bought at +50k and inflated the price it became a perfect protection against inflation or market collapses for institutions . And that’s exactly what they did, now people who bought at the top are scrambling for answers to no avail. \n\nIf you’ve been hodling as long as I have you’ve seen multiple +50% drops happen with even more speed and veracity through the years. 2012-2017- and twice in the last two years. This is nothing new and will continue to happen. Stop relying on a number you have no control over to make you rich, crypto is not some god sent solvency to life’s largest tribulations. It’s a highly speculative and heavily manipulated asset with almost no regulation. Only invest what you’re willing to lose, I’ve kept that mentality since 2012 and slowly invested when it was least expensive to do so and my investment is still 30x since the most recent drop and was nearly 100x at the peak. Still never sold or bought more at the top. Forget about your losses, this could take years to break out or correct, focus on other forms of remuneration so you’re not reliant on btc, be punctilious with your investments in the future, and resist the obsequious slave mindset. Reliance on any one thing will leave you a taciturn profligate with no prospects for the future.', 'vih8qs']]], ['u/CAGO321', 'Bitcoin Transfer Completed after 5-6 hours', 18, '2022-06-23 01:24', 'https://www.reddit.com/r/Invest_Voyager/comments/viijmq/bitcoin_transfer_completed_after_56_hours/', 'Pending BTC transfer finally completed after 5-6 hours. How long is it taking other people? ETH transfer is still pending too.\n\nUpdate: ETH transfer completed after 7-8 hours. Looks like most people are successfully withdrawing, just taking some time.', 'https://www.reddit.com/r/Invest_Voyager/comments/viijmq/bitcoin_transfer_completed_after_56_hours/', 'viijmq', [['u/matthegc', 10, '2022-06-23 03:23', 'https://www.reddit.com/r/Invest_Voyager/comments/viijmq/bitcoin_transfer_completed_after_56_hours/iddky52/', 'I transferred 50% to bank and to MetaMask…left 50% in. Bank literally took under 24 hours and crypto transfers took under an hour.\n\nI think FTX / Alameda have Voyager’s back at this point and Voyager has enough cash on hand or access to capital to weather the storm.\n\nAgain, they don’t need to draw on the line of credit…it’s just there, in case they do.\n\nA “run in the bank” will only make things a lot worse, but the immediate issue of managing the contagion has been contained.', 'viijmq']]], ['u/Zonnins', 'Sick of the memes', 65, '2022-06-23 01:37', 'https://www.reddit.com/r/Bitcoin/comments/viit06/sick_of_the_memes/', 'I’m getting sick of all these Bitcoin memes. They remind me of those social media influencers who run pump and dump schemes. If Bitcoin hodlers are so base that this is how we need to comfort them about Bitcoin, I don’t want them to be Bitcoin hodlers. It’s not the type of people you want as ambassadors of Bitcoin. We should use these forums to discuss useful things like how to encourage greater adoption. What the world looks like with bitcoin as the global reserve currency, corporate trade in bitcoin, deflationary economics, 100% reserve bitcoin banking, processing corporate transactions in bitcoin like payroll, to name a few. Thanks.', 'https://www.reddit.com/r/Bitcoin/comments/viit06/sick_of_the_memes/', 'viit06', [['u/Any-Block2591', 45, '2022-06-23 02:03', 'https://www.reddit.com/r/Bitcoin/comments/viit06/sick_of_the_memes/iddb3kk/', 'The quickest way to get the posts you want is to make them yourself.', 'viit06'], ['u/Mr_P_Nissaurus', 17, '2022-06-23 02:37', 'https://www.reddit.com/r/Bitcoin/comments/viit06/sick_of_the_memes/iddf9h9/', "> If Bitcoin hodlers are so base that this is how we need to comfort them \n\nIf you're so base that you lump all Bitcoin holders into one stereotype...", 'viit06'], ['u/satoshisfeverdream', 30, '2022-06-23 02:52', 'https://www.reddit.com/r/Bitcoin/comments/viit06/sick_of_the_memes/iddh325/', 'You must be new here', 'viit06'], ['u/VPNApe', 16, '2022-06-23 02:55', 'https://www.reddit.com/r/Bitcoin/comments/viit06/sick_of_the_memes/iddhj02/', 'The 2016 election was won on the back of memes. Memes so strong that reddit had to ban an entire political party to help with the 2020 elections.\n\nMemes are the weapons in the culture war my dude.', 'viit06'], ['u/walloon5', 28, '2022-06-23 03:37', 'https://www.reddit.com/r/Bitcoin/comments/viit06/sick_of_the_memes/iddmohg/', "But memes are so powerful.\n\nPeople don't always read articles, read whitepapers. \n\nSometimes Truth is more easily conveyed through a meme.\n\nThey're just one kind of content, there's other things too.\n\nThere are high-quality resources out there, I would recommend [lopp.net](https://lopp.net) for now on those kind of techy bitcoin articles and ideas.\n\nI would recommend the Nakamoto Institute for deeper thoughts about hyperbitcoinization, what is money, etc.", 'viit06']]], ['u/Forgot_Password_Dude', 'The information we know so far and why you should stop panicking', 136, '2022-06-23 03:44', 'https://www.reddit.com/r/CelsiusNetwork/comments/vilb85/the_information_we_know_so_far_and_why_you_should/', "Plebs, here are the facts we know so far and why you shouldn't over worry about this situation; we are likely just having liquidity issues rather than being rekt and never having ur $ back.\n\nI wont talk about the speculation or any blame game or squeeze stuff; these are just using common sense judgement from the FACTS that we know so far. \n\n\n1) we are still being paid rewards (at least i am)\n\n2) they are still paying back defi loans to decrease risk (on chain data)\n\n3) they are still buying cel tokens from the open market, rekting shorts in the process (on chain data)\n\n4) Zach although silent and not allowed to say a word, attends all Celsius community twitter spaces ( I was in them as well)\n\n5) Alex had more to say to us but the longer version of the AMA message was cut short to 15 seconds by lawyers (source PlanC insider mentioned in twitter spaces)\n\n6) Alex said in AMAs(about 6-8 months ago) that only 1% is unsecured loans to big institutions (unlike Voyager which did over 52% recently to 3AC and got rekt)\n\n7) worrying and fixating on something that is out of your control is bad for your health.\n\nEven if Celsius is in financial trouble, they can also get bailed out by banks or other institutions. Rich entities with cash are gobbling up crypto companies right now. We aren't fighting against some invisible force out to destroy Celsius; we are fighting against rich entities that wants to enslave up-and-coming crypto companies like blockfi/voyager/Celsius.\n\nIn other words there are two outcomes, both of which you will get your $ back one way or another.\n\nOutcome 1: Celsius manages to get enough $ back to fix liquidity issues and reopen with limited withdrawals until things are running like it was before the mass panic\n\nOutcome 2: Celsius sells parts or most of itse... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Key Insights: It was a bullish session for the crypto market on Thursday, with Solana (SOL) and Ethereum (ETH) leading the top 10 rebound. From elsewhere, Polygon (MATIC) was among the broader market front runners, with investors moving on from Fed Chair Powell, inflation, and fears of a recession. Reversing a $33 billion slide on Wednesday, the total market cap rose by $48 billion to $900 billion. It was a bullish session for the crypto market on Thursday. Bitcoin ( BTC ) and the broader market reversed Wednesday’s losses with interest. A pickup in risk appetite delivered support as the markets moved on from Fed Chair Powell’s testimony on Wednesday. While crude oil took another hit, the US equity markets found support, with the NASDAQ 100 rising by 1.62%. The upside came despite disappointing private sector PMI numbers from the US that showed slower growth across the private sector. BTC-NASDAQ 240622 Daily Chart Following a busy few days for the global financial markets, it’s a quieter day ahead on the economic calendar. Finalized Michigan consumer sentiment figures are due out later today. We don’t expect the numbers to impact the crypto market. However, FOMC member chatter will draw interest. FOMC member Bullard is due to speak ahead of the US open. Crypto Market Cap Bounces Back on Pickup in Risk Appetite On Thursday, the total market cap rose by $48 billion. Reversing Wednesday’s $33 billion loss, the market cap returned to $900 billion levels. Total Market Cap 240622 Daily Chart The upside came despite investor fears of a US recession, driven by inflation and the prospects of a 3.8% Federal Funds Rate by 2023. On the second day of testimony, Fed Chair Powell provided no surprises to shift sentiment from Wednesday, where the Fed Chair talked of cutting inflation at any cost. The Thursday rally reversed losses for the current week. Holding onto gains could see the total market cap see a weekly rise for just the second time since early April. However, it is still grim reading for June, with the total market cap down by $384 billion. Story continues The bullish sentiment was evident across the crypto market top ten. SOL and ETH led the way, rallying by 11.79% and 9.06%, respectively, with BNB (+6.87%) and BTC (+5.73%) finding strong support. ADA (+4.36%), DOGE (+3.65%), and XRP (+4.10%) trailed the front runners. From the CoinMarketCap top 100, Polygon ( MATIC ) extended its winning streak to five sessions, rallying by 23.69% on news of the launch of Polygon ID. However, the biggest mover on the day was Storj ( STORJ ), which surged by 54.10%. Stablecoins Hold Steady Despite USDD Peg Issues On the stablecoin front, USDD inched higher to ease fears of another stablecoin collapse. USDD 7-Day Chart 240622 According to TRON DAO Reserve, the collateral ratio stood at 326.3%. USDD Collateral Ratio 240622 Looking at the leading stablecoins, Binance USD ( BUSD ) and USD Coin ( USDC ) remained the only coins with the dollar peg firmly in place. Total Crypto Liquidations Eased Further Back Powell’s Testimony The downward trend in total crypto liquidations extended into this morning. 24-hour liquidations fell from a Thursday $165.11 million to $125.79 million, reflecting improving market conditions. Last week, total liquidations had hit $1 billion levels. However, one-hour liquidations suggested a possible bearish start to Friday. According to Coinglass , one-hour liquidations stood at $9.18 million. Total Crypto Liquidations 240622 Daily News Highlights Cristiano Ronaldo and Binance formed a partnership to launch an exclusive NFT collection. Ontario Watchdog ousted KuCoin and fined Bybit . Qatar central bank progressed on a Central Bank Digital Currency (CBDC). On Wednesday, Voyager Digital (VOYG) shares tumbled 52.5% on news of a possible Three Arrows Capital loan default. Binance targeted US customers by offering fee-free bitcoin trading. This article was originally posted on FX Empire More From FXEMPIRE: German economy minister warns of industry shutdown amid gas shortage -Spiegel Another election puts Israel’s efforts to reduce cost of living on back burner Malaysia’s May CPI up 2.8% y/y, higher than forecast Exclusive: Japan emphasised hybrids in policy document after lawmaker cited lobbying from Toyota head SoftBank’s Son says Nasdaq listing most likely for chip designer Arm UK Conservatives lose two by-elections, dealing blow to PM Johnson', '• It was a bullish session for the crypto market on Thursday, with Solana (SOL) and Ethereum (ETH) leading the top 10 rebound.\n• From elsewhere, Polygon (MATIC) was among the broader market front runners, with investors moving on from Fed Chair Powell, inflation, and fears of a recession.\n• Reversing a $33 billion slide on Wednesday, the total market cap rose by $48 billion to $900 billion.\nIt was a bullish session for thecryptomarket on Thursday. Bitcoin (BTC) and the broader market reversed Wednesday’s losses with interest.\nA pickup in risk appetite delivered support as the markets moved on from Fed Chair Powell’s testimony on Wednesday.\nWhile crude oil took another hit, the US equity markets found support, with the NASDAQ 100 rising by 1.62%.\nThe upside came despite disappointing private sector PMI numbers from the US that showed slower growth across the private sector.\nFollowing a busy few days for the global financial markets, it’s a quieter day ahead on the economic calendar.\nFinalized Michigan consumer sentiment figures are due out later today. We don’t expect the numbers to impact the crypto market. However, FOMC member chatter will draw interest.\nFOMC member Bullard is due to speak ahead of the US open.\nOn Thursday, the total market cap rose by $48 billion. Reversing Wednesday’s $33 billion loss, the market cap returned to $900 billion levels.\nThe upside came despite investor fears of a US recession, driven by inflation and the prospects of a 3.8% Federal Funds Rate by 2023.\nOn the second day of testimony, Fed Chair Powell provided no surprises to shift sentiment from Wednesday, where the Fed Chair talked of cutting inflation at any cost.\nThe Thursday rally reversed losses for the current week. Holding onto gains could see the total market cap see a weekly rise for just the second time since early April.\nHowever, it is still grim reading for June, with the total market cap down by $384 billion.\nThe bullish sentiment was evident across the crypto market top ten.\nSOLandETHled the way, rallying by 11.79% and 9.06%, respectively, withBNB(+6.87%) and BTC (+5.73%) finding strong support.\nADA(+4.36%),DOGE(+3.65%), andXRP(+4.10%) trailed the front runners.\nFrom theCoinMarketCaptop 100, Polygon (MATIC) extended its winning streak to five sessions, rallying by 23.69% onnewsof the launch of Polygon ID.\nHowever, the biggest mover on the day was Storj (STORJ), whichsurgedby 54.10%.\nOn the stablecoin front,USDDinched higher to ease fears of another stablecoin collapse.\nAccording to TRON DAO Reserve, the collateral ratio stood at 326.3%.\nLooking at the leading stablecoins, Binance USD (BUSD) and USD Coin (USDC) remained the only coins with the dollar peg firmly in place.\nThe downward trend in total crypto liquidations extended into this morning.\n24-hour liquidations fell from a Thursday $165.11 million to $125.79 million, reflecting improving market conditions. Last week, total liquidations had hit $1 billion levels.\nHowever, one-hour liquidations suggested a possible bearish start to Friday.\nAccording toCoinglass, one-hour liquidations stood at $9.18 million.\n• Cristiano Ronaldo and Binanceformeda partnership to launch an exclusive NFT collection.\n• Ontario WatchdogoustedKuCoinand finedBybit.\n• Qatar central bankprogressedon a Central Bank Digital Currency (CBDC).\n• On Wednesday, Voyager Digital (VOYG) shares tumbled 52.5% onnewsof a possible Three Arrows Capital loan default.\n• BinancetargetedUS customers by offering fee-free bitcoin trading.\nThisarticlewas originally posted on FX Empire\n• German economy minister warns of industry shutdown amid gas shortage -Spiegel\n• Another election puts Israel’s efforts to reduce cost of living on back burner\n• Malaysia’s May CPI up 2.8% y/y, higher than forecast\n• Exclusive: Japan emphasised hybrids in policy document after lawmaker cited lobbying from Toyota head\n• SoftBank’s Son says Nasdaq listing most likely for chip designer Arm\n• UK Conservatives lose two by-elections, dealing blow to PM Johnson', "Don't miss CoinDesk's Consensus 2022 , the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12. Coinbase Derivatives Exchange, formerly known as FairX, is launching its first crypto derivatives product this month, hoping to attract more retail traders. The futures exchange, which is regulated by the Commodity Futures Trading Commission (CFTC), will launch its derivatives product, Nano Bitcoin futures (BIT), on June 27, according to a statement sent to CoinDesk. “The crypto derivatives market represents $3T in volume worldwide and we believe that additional product development and accessibility will unlock significant growth,” the statement said. Coinbase said it's also awaiting regulatory approval on its own futures commission merchant (FCM) license to offer margined futures contracts for its clients. The launch comes at a highly volatile period in the crypto market, set off by the dramatic collapses of Terra’s LUNA , crypto lender Celsius and crypto fund Three Arrows Capital (3AC). Bitcoin’s price has fallen about 56% this year, while Ethereum’s native token ether is down roughly 70%. Coinbase bought FairX earlier this year to launch crypto derivatives products. FairX launched its futures exchange platform in May 2021 after receiving regulatory approvals in late 2020. Retail participation Futures contracts are smaller in size, require less upfront capital than traditional bitcoin futures products and can be used as a hedge for trading strategies for both in Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-06-24 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $400,918,520,148 - Hash Rate: 189622396.2119996 - Transaction Count: 254348.0 - Unique Addresses: 650157.0 Social & AI Sentiment: - Fear & Greed Index: 0.11 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: VANCOUVER, British Columbia, May 30, 2022 (GLOBE NEWSWIRE) --BIGG Digital Assets Inc. ("BIGG" or the "Company")(CSE: BIGG; OTCQX: BBKCF; WKN: A2PS9W), owner of Netcoins (Netcoins.ca) (“Netcoins”), the online cryptocurrency brokerage that makes it easy for Canadians to buy, sell, and understand cryptocurrency, and Blockchain Intelligence Group (blockchaingroup.io) (“BIG”), a leading developer of blockchain technology search, risk-scoring and data analytics solutions, is pleased to report Q1 2022 financial results. All figures are in Canadian Dollars (CAD) unless otherwise stated. Q1 2022 Highlights: • Gross operating revenue of $2.5M, with $1.97M for Netcoins (down 41% YoY) and $0.53M for Blockchain Intelligence Group (up 76% YoY) • Netcoins Q1 revenue of $1.97M is down 29% Quarter-over-Quarter (QoQ), versus 37.7% industry average decline1, outperforming the broader marketCustomer accounts grew 24% in Q1 (QoQ) to 148k, and Quarterly Active Users grew 24% YoYCustomer fiat deposits exceeded $74M in the quarter.Gross trading margins exceeded 1.4% in Q1 • BIG’s Q1 revenue representing 76% growth versus Q1 2020, with gross margins of 81% • TerraZero generated $0.27M revenue in Q1 2022, with BIGG’s proportionate earnings equivalent to $0.08M • As of March 31, 2022, BIGG’s cash and crypto holdings were ~$51.1 million • The Company has no debt Further Highlights: • BIGG currently owns 575 Bitcoin, valued at approximately $22M • Netcoins currently has customer Assets Under Custody of approximately $58M • Netcoins registered users now exceeds 162,000 • Blockchain Intelligence Group’s compliance suite (QLUE and BitRank) now supports 11 blockchains, including 372,000+ ERC-20 based tokens, and has risk scored 3.5+ billion addresses across these chains Selected financial and operating information should be read in conjunction with BIGG's audited consolidated financial statements and related Management's Discussion and Analysis for the three months ended March 31, 2022, available atwww.sedar.com. All financial information in this press release is prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board. BIGG CEO, Mark Binns, commented: “Q1 2022 showed continued growth in revenue and expansion for Blockchain Intelligence Group, setting a new quarterly revenue high exceeding $500k for the first time, highlighting that our ongoing marketing program is working well. Netcoins, despite a pullback in trading volumes and revenue, exceeded industry norms for the quarter, and we believe we gained market share in Canada. Coinbase, for comparative purposes, saw a 58%2decline in retail trading volume in Q1 vs Q4. Our customer base grew by 24% in Q1, and as volume and volatility returns to the market, we are very well positioned to take advantage. In Q1, Netcoins also expanded coin offerings on the platform to 16 and subsequently added 15 more coins in Q2 bringing our total to 31. For the majority of Q1, Netcoins was only offering 11 coins while awaiting regulatory updates. With 31 coins now offered, and a larger customer base, Netcoins continues to develop and mature as a business. In 2022, Blockchain Intelligence Group has already expanded coverage to 11 blockchains including 372k+ ERC-20 tokens, with further blockchain expansion planned. In Q1, BIGG also invested in TerraZero acquiring a ~30% ownership position, and TerraZero began generating revenue and serving brands such as Miller Lite. We expect TerraZero to continue to purchase, lease, mortgage and rent Metaverse property and service a quickly growing international brand base with virtual buildings, wearables and experiences. Finally, despite a depressed crypto market thus far in 2022, BIGG continues to develop its primary businesses and invest in new emerging businesses and opportunities. We look forward to sharing further updates on our progress in the near future.” 1Coingecko Q1 2022 Cryptocurrency Report2Coinbase Q1 ‘22 Shareholder Letter On behalf of the BoardMark [email protected] Investor RelationsVictoria [email protected]: 1.480.625.5772 About BIGG Digital Assets Inc.BIGG Digital Assets Inc. (BIGG) believes the future of crypto is a safe, compliant, and regulated environment. BIGG invests in products and companies to support this vision. BIGG has three portfolio companies: Netcoins (netcoins.ca), Blockchain Intelligence Group (blockchaingroup.io) and TerraZero (terrazero.com). Blockchain Intelligence Groupbuilds technology to power compliance and intelligence for the crypto future. Banks and crypto companies depend on our technology to monitor risk from crypto transactions. Investigators and law enforcement quickly identify and track illicit activity. Blockchain Intelligence Group is trusted globally by banks, crypto companies, law enforcement, fintechs, regtechs and governments. Netcoinsdevelops brokerage and exchange software to make the purchase and sale of cryptocurrency easily accessible to the mass consumer and investor with a focus on compliance and safety. Netcoins utilizes BitRank Verified®software at the heart of its platform and facilitates crypto trading via a self-serve crypto brokerage portal at Netcoins.app. TerraZerois a vertically integrated Metaverse development group and leading Web 3.0 technology company specializing in the Metaverse space. The Company’s Metaverse agnostic vision is to develop, acquire, and finance the Metaverse’s most promising companies, entrepreneurs, and developers. TerraZero also owns digital real estate and provides offices and services to those interested in the Metaverse. BIGG owns ~30% of TerraZero. For more information and to register to BIGG’s mailing list, please visit our website athttps://www.biggdigitalassets.com. Or visit SEDAR atwww.sedar.com. Forward-Looking Statements: Certain statements in this release are forward-looking statements, which include completion of the search technology software and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific that contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, and other factors, many of which are beyond the control of BIGG. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. Undue reliance should not be placed on the forward-looking information because BIGG can give no assurance that they will prove to be correct. Important factors that could cause actual results to differ materially from BIGG’s expectations include, consumer sentiment towards BIGG’s products and Blockchain technology generally, technology failures, competition, and failure of counterparties to perform their contractual obligations. The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, BIGG disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, BIGG undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above. The CSE does not accept responsibility for the adequacy or accuracy of the content of this Press Release.... - Reddit Posts (Sample): [['u/RiotBlockchain', 'OFFICIAL Pre-Recorded u/Riotblockchain Reddit AMA Thread - July 1st Cutoff- Submit Questions Via Comments', 10, '2022-06-24 00:03', 'https://www.reddit.com/r/RiotBlockchain/comments/vj8emt/official_prerecorded_uriotblockchain_reddit_ama/', "At Riot, our mission is to positively impact the sectors, networks, and communities that we touch. We believe that the combination of an innovative spirit and strong community partnership allows the Company to achieve best-in-class execution and create successful outcomes.\n\nWe have recently adopted a new set of company values to commit to, one of them being transparency. Being a public company, there are many instances where we would love to reply to all of our retail investors. However, due to various legal and practical challenges, replying to every reasonable question that we are asked just hasn't been viable.\n\nStarting now, we would love to bolster our efforts in this regard and start answering more and more questions from the retail community. We value your continued support and want all shareholders to feel confident in their investment.\n\nPlease submit any questions you have for Riot down below before the first of July. They can be about anything relevant! The proxy vote, our direction, and general questions about our business or bitcoin mining.\n\nOur target date for an initial response is currently July 8th! We need time to allow several members of our team to provide input on our responses.\n\nWe intend to post a video response, potentially several depending on the number of questions posed, featuring Jason Les, CEO of Riot Blockchain. If scheduling conflicts occur, a text document answering selected questions will be posted instead.\n\nAs with any AMA, Riot reserves the right to select from the pool of questions. Keep them reasonable and please remain cordial!\n\nWe are excited to become a more active part of the retail Reddit community and hope to hear from everyone!\n\nhttps://preview.redd.it/6k3un6ve1g791.jpg?width=4080&format=pjpg&auto=webp&s=e06521d8a465689516004ea55afa47d1cf706485", 'https://www.reddit.com/r/RiotBlockchain/comments/vj8emt/official_prerecorded_uriotblockchain_reddit_ama/', 'vj8emt', [['u/lugenfabrik', 14, '2022-06-24 01:21', 'https://www.reddit.com/r/RiotBlockchain/comments/vj8emt/official_prerecorded_uriotblockchain_reddit_ama/idhs1po/', 'Is RIOT committed to remaining solvent through a multi-year Bitcoin bear market? I am a RIOT shareholder sitting on a large financial (paper) loss—I don’t know what the future holds for RIOT and I am concerned.', 'vj8emt'], ['u/[deleted]', 18, '2022-06-24 03:12', 'https://www.reddit.com/r/RiotBlockchain/comments/vj8emt/official_prerecorded_uriotblockchain_reddit_ama/idi5z64/', 'Why do we keep diluting shares?\n\nWhat is your bitcoin price target for 2024?\n\nWhy the high payout to upper management, we appear to have cash problems?', 'vj8emt'], ['u/sir-fur', 15, '2022-06-24 05:19', 'https://www.reddit.com/r/RiotBlockchain/comments/vj8emt/official_prerecorded_uriotblockchain_reddit_ama/idil8am/', 'How can you justify such exorbitant executive compensation and then dilute the shares? It seems like an insult to your shareholders', 'vj8emt'], ['u/daddydeadflesh', 11, '2022-06-24 06:09', 'https://www.reddit.com/r/RiotBlockchain/comments/vj8emt/official_prerecorded_uriotblockchain_reddit_ama/idiqido/', 'Will you continue to devalue investors while rewarding upper management?', 'vj8emt']]], ['u/enter-art_nft', 'how were btc sold in the beginning?', 18, '2022-06-24 00:24', 'https://www.reddit.com/r/Bitcoin/comments/vj8v47/how_were_btc_sold_in_the_beginning/', 'how were btc sold in the beginning? Was it only p2p or was there a CEX at ita stat?', 'https://www.reddit.com/r/Bitcoin/comments/vj8v47/how_were_btc_sold_in_the_beginning/', 'vj8v47', [['u/SmoothGoing', 16, '2022-06-24 00:27', 'https://www.reddit.com/r/Bitcoin/comments/vj8v47/how_were_btc_sold_in_the_beginning/idhl0lv/', 'mt gox pivoted its playing cards website into btc trading website. A few other exchanges came around too. Had to mail money orders to be deposited in your exchange account. There were some btc faucets giving it away for free.', 'vj8v47'], ['u/SomeBrokeChump', 12, '2022-06-24 01:34', 'https://www.reddit.com/r/Bitcoin/comments/vj8v47/how_were_btc_sold_in_the_beginning/idhtmxd/', 'You could just mine bitcoin using a normal computer during the first few years. There was a website called New Liberty Standard that started selling bitcoins in 2009, the same year that Bitcoin was launched. New Liberty Standard started off selling about 1500 BTC for a dollar and you paid with PayPal. MtGox.com bitcoin exchange started operating in July of 2010. It was a fairly convoluted process to get your money on MtGox. You could buy bitcoins from bitcoin sellers on #bitcoin-otc on freenode IRC. #bitcoin-otc on freenode IRC was started in October 2010. You could buy bitcoins from users on the Bitcointalk forum. Bitstamp.net and several other Bitcoin exchanges started operating in 2011. Some of these exchanges were very easy to use and you could just go to a bank and anonymously deposit cash. Coinbase.com and the peer to peer bitcoin exchange LocalBitcoins.com both started operating in 2012.', 'vj8v47'], ['u/HH0115', 31, '2022-06-24 01:41', 'https://www.reddit.com/r/Bitcoin/comments/vj8v47/how_were_btc_sold_in_the_beginning/idhuik8/', 'They literally gave it away. You clicked a button on a website and got a bunch of Bitcoin.', 'vj8v47']]], ['u/kap89', 'Total mass of the observable universe in relation to 21 Million Bitcoin', 13, '2022-06-24 00:25', 'https://www.reddit.com/r/Buttcoin/comments/vj8vk4/total_mass_of_the_observable_universe_in_relation/', "I was thinking about a good measure to compare how rare it actually would be to e.g. owning one Bitcoin.\n\nThe total mass of the observable universe is about 1.5×10^(53) kg. This number divided by 21.000.000 results in round about 7×10^(45) kg. So you could say that owning a Bitcoin is about as rare as owning a piece of the universe with the mass of 7×10^(45) kg.\n\nMilky Way galaxy equates to about 0.00028 Bitcoin (about $5.83 at today's price).\n\nThink about it.\n\n\n---\n\nInspired by [this post](https://www.reddit.com/r/Bitcoin/comments/viwkj6/total_landmass_of_the_world_in_relation_to_21/).", 'https://www.reddit.com/r/Buttcoin/comments/vj8vk4/total_mass_of_the_observable_universe_in_relation/', 'vj8vk4', [['u/Abandondero', 10, '2022-06-24 00:43', 'https://www.reddit.com/r/Buttcoin/comments/vj8vk4/total_mass_of_the_observable_universe_in_relation/idhn480/', "Okay. I'm thinking about it. Now what?", 'vj8vk4']]], ['u/Additional-Apple-492', 'Get your money out of all “yields” and Stablecoins immediately', 667, '2022-06-24 01:13', 'https://www.reddit.com/r/CryptoCurrency/comments/vj9vhd/get_your_money_out_of_all_yields_and_stablecoins/', 'Your money your choice. But all these “20% APY” yield services are slowly stopping withdrawals. Most companies will become insolvent. \n\nIf anyone listened to Powell speak, he hinted towards a US Stable coin in 2023. Most likely will bring regulation to all other stable coins and crack down on them. I’m pretty sure everyone here knows Tether isn’t fully backed and it’s a matter of time before the house of cards falls. \n\nThis isn’t fud, just trying to help some people out there. No need to sell your BTC, ETH or any other projects you believe in. But be very cautious with yields and stable coins. Ideally it’s best to hold your own coins in cold storage. Keep stacking', 'https://www.reddit.com/r/CryptoCurrency/comments/vj9vhd/get_your_money_out_of_all_yields_and_stablecoins/', 'vj9vhd', [['u/GiantBeanStock', 15, '2022-06-24 01:20', 'https://www.reddit.com/r/CryptoCurrency/comments/vj9vhd/get_your_money_out_of_all_yields_and_stablecoins/idhrt99/', 'Better get my brown umbrella', 'vj9vhd'], ['u/thegooddocgonzo', 30, '2022-06-24 01:22', 'https://www.reddit.com/r/CryptoCurrency/comments/vj9vhd/get_your_money_out_of_all_yields_and_stablecoins/idhs4jb/', '>This isn’t FUD\n\nIt is though', 'vj9vhd'], ['u/Complex_Sherbet2', 70, '2022-06-24 01:23', 'https://www.reddit.com/r/CryptoCurrency/comments/vj9vhd/get_your_money_out_of_all_yields_and_stablecoins/idhs9ln/', 'File this under: /r/noshit', 'vj9vhd'], ['u/ptjunkie', 55, '2022-06-24 01:27', 'https://www.reddit.com/r/CryptoCurrency/comments/vj9vhd/get_your_money_out_of_all_yields_and_stablecoins/idhsqx6/', 'Sir, I’m here for the inflation tokens. Farm on.', 'vj9vhd'], ['u/Commercial_Count_584', 32, '2022-06-24 01:29', 'https://www.reddit.com/r/CryptoCurrency/comments/vj9vhd/get_your_money_out_of_all_yields_and_stablecoins/idht2js/', 'Mine was out when cdc cut all their rates. Moved it back into paxg due to the inflation.', 'vj9vhd'], ['u/Yegpetphoto', 898, '2022-06-24 01:32', 'https://www.reddit.com/r/CryptoCurrency/comments/vj9vhd/get_your_money_out_of_all_yields_and_stablecoins/idhtdgi/', "I'm here for two reasons: to invest in risky volatile commodities and to chew bubblegum; and I sold my teeth a long time ago.", 'vj9vhd'], ['u/mr-lazy_eye', 21, '2022-06-24 02:07', 'https://www.reddit.com/r/CryptoCurrency/comments/vj9vhd/get_your_money_out_of_all_yields_and_stablecoins/idhxqe5/', 'Is this the crypto equivalent to "hide yo kids, hide yo wife"?', 'vj9vhd'], ['u/Ateam043', 36, '2022-06-24 02:31', 'https://www.reddit.com/r/CryptoCurrency/comments/vj9vhd/get_your_money_out_of_all_yields_and_stablecoins/idi0uqq/', 'Yet, you would be surprised how many people don’t get that memo.', 'vj9vhd'], ['u/MoneyCraby', 14, '2022-06-24 02:51', 'https://www.reddit.com/r/CryptoCurrency/comments/vj9vhd/get_your_money_out_of_all_yields_and_stablecoins/idi3963/', 'Teeth for risky volatile commodities? \n\nCount me in.', 'vj9vhd'], ['u/jesuzombieapocalypse', 19, '2022-06-24 02:54', 'https://www.reddit.com/r/CryptoCurrency/comments/vj9vhd/get_your_money_out_of_all_yields_and_stablecoins/idi3pw9/', ... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Key Insights: XRP rallied by 9.5% on Friday, with support coming from a broad-based crypto rally. However, adding to the upside was investor sentiment towards the outcome of the SEC v Ripple case, with investors betting on a settlement. Technical indicators are bullish, with XRP sitting above the 100-day EMA. On Friday, XRP rallied by 9.5% to lead the crypto top ten. Following a 4.1% gain on Thursday, XRP ended the day at $03669. A bullish morning saw XRP surge from an early low of $0.3351 to a late morning high of $0.3868. XRP broke through the day\x92s Major Resistance Levels before a pullback to end the day at $0.37. While falling back to sub-$0.37, XRP avoided a fall through the Third Major Resistance Level at $0.3614. Despite a second consecutive day in the green, XRP remains under pressure as investors await the court ruling in the SEC v Ripple case. Court Ruling on Hinman Speech-Related Documents Pivotal to XRP The SEC, Ripple, and Investors are currently awaiting a court ruling that could have a material impact on XRP and the broader-crypto market. In 2018, the former SEC Director of the Division of Corporation Finance said that Bitcoin ( BTC ) and Ethereum ( ETH ) are not securities. Hinman has become the focal point of the case as both sides navigate the question of whether XRP is a security. This year, the SEC has focused primarily on ensuring that the defense and the public don\x92t see the content of Hinman\x92s speech-related documents. The SEC continues to claim that these documents fall under the attorney-client privilege. With the courts entertaining the SEC filings, allowing the SEC to file at least six motions to protect the documents under the attorney-client privilege, the ruling could go either way. Some may argue that Judge Sarah Netburn has given the SEC some wriggle room to eliminate the chance of more motions or even an appeal. As a ruling nears, XRP has found support, rising from a June 18 current year low of $0.2868. Ultimately, XRP should make its way to December 2020 levels, the month the SEC filed its case against Ripple. Story continues For XRP holders, a favorable outcome would then support a run at the April 2021 high of $1.965. The upside potential could be significant, which may draw sidelined investors back into the market. XRP Price Action At the time of writing, XRP was down 0.41% to $0.3654. XRPUSD 250622 Daily Chart Technical Indicators Avoiding a fall through the $0.3629 pivot would bring the Friday high of $0.3868 and the First Major Resistance Level at $0.3908 into play. XRP would need the broader crypto market to support a breakout from $0.3850. In the case of an extended crypto rally, XRP could test resistance at $0.40 and the Second Major Resistance Level at $0.4146. A breakout remains hinged on investor sentiment toward the court ruling. The Third Major Resistance Level sits at $0.4663. A fall through the pivot would bring the First Major Support Level at $0.3391 into play. Barring an extended sell-off , XRP should avoid sub-$0.33. The Second Major Support Level sits at $0.3112. XRPUSD 250622 Hourly Chart The EMAs and the 4-hourly candlestick chart (below) send a bullish signal. At the time of writing, XRP sat above the 100-day EMA, currently at $0.3440. Today, the 50-day EMA closed in on the 100-day EMA. The 100-day EMA narrowed to the 200-day EMA, price Positive. A bullish cross of the 50-day EMA through the 100-day EMA would support a breakout from the 200-day EMA. From there, the bulls would target $0.40. XRPUSD 250622 4-Hourly Chart This article was originally posted on FX Empire More From FXEMPIRE: U.S., Japan, Australia, New Zealand and United Kingdom form Pacific group U.S. House passes gun-safety legislation as court expands gun rights Take Five: Goodbye turbulent H1 Fed\x92s Daly: 75 bps rate hike likely needed in July Iran\x92s southern Gulf waters hit by 5.6 magnitude earthquake Polish, Ukrainian LGBT+ parades unite in Warsaw', '• XRP rallied by 9.5% on Friday, with support coming from a broad-based crypto rally.\n• However, adding to the upside was investor sentiment towards the outcome of the SEC v Ripple case, with investors betting on a settlement.\n• Technical indicators are bullish, with XRP sitting above the 100-day EMA.\nOn Friday,XRPrallied by 9.5% to lead the crypto top ten. Following a 4.1% gain on Thursday, XRP ended the day at $03669.\nA bullish morning saw XRP surge from an early low of $0.3351 to a late morning high of $0.3868.\nXRP broke through the day’s Major Resistance Levels before a pullback to end the day at $0.37.\nWhile falling back to sub-$0.37, XRP avoided a fall through the Third Major Resistance Level at $0.3614.\nDespite a second consecutive day in the green, XRP remains under pressure as investors await the court ruling in theSEC v Ripplecase.\nThe SEC, Ripple, and Investors are currently awaiting a courtrulingthat could have a material impact on XRP and the broader-crypto market.\nIn 2018, the former SEC Director of the Division of Corporation Finance said that Bitcoin (BTC) and Ethereum (ETH) are not securities.\nHinman has become the focal point of the case as both sides navigate the question of whether XRP is a security.\nThis year, the SEC has focused primarily on ensuring that the defense and the public don’t see the content of Hinman’s speech-related documents. The SEC continues to claim that these documents fall under the attorney-client privilege.\nWith the courts entertaining the SEC filings, allowing the SEC to file at least sixmotionsto protect the documents under the attorney-client privilege, the ruling could go either way. Some may argue that Judge Sarah Netburn has given the SEC some wriggle room to eliminate the chance of more motions or even an appeal.\nAs a ruling nears, XRP has found support, rising from a June 18 current year low of $0.2868. Ultimately, XRP should make its way to December 2020 levels, the month the SEC filed its case against Ripple.\nFor XRP holders, a favorable outcome would then support a run at the April 2021 high of $1.965.\nThe upside potential could be significant, which may draw sidelined investors back into the market.\nAt the time of writing, XRP was down 0.41% to $0.3654.\nAvoiding a fall through the $0.3629pivotwould bring the Friday high of $0.3868 and the First Major Resistance Level at $0.3908 into play.\nXRP would need the broader crypto market to support a breakout from $0.3850.\nIn the case of an extended crypto rally, XRP could test resistance at $0.40 and the Second Major Resistance Level at $0.4146. A breakout remains hinged on investor sentiment toward the court ruling. The Third Major Resistance Level sits at $0.4663.\nA fall through the pivot would bring the First Major Support Level at $0.3391 into play. Barring an extended sell-off , XRP should avoid sub-$0.33. The Second Major Support Level sits at $0.3112.\nTheEMAsand the 4-hourly candlestick chart (below) send a bullish signal. At the time of writing, XRP sat above the 100-day EMA, currently at $0.3440. Today, the 50-day EMA closed in on the 100-day EMA. The 100-day EMA narrowed to the 200-day EMA, price Positive.\nA bullish cross of the 50-day EMA through the 100-day EMA would support a breakout from the 200-day EMA. From there, the bulls would target $0.40.\nThisarticlewas originally posted on FX Empire\n• U.S., Japan, Australia, New Zealand and United Kingdom form Pacific group\n• U.S. House passes gun-safety legislation as court expands gun rights\n• Take Five: Goodbye turbulent H1\n• Fed’s Daly: 75 bps rate hike likely needed in July\n• Iran’s southern Gulf waters hit by 5.6 magnitude earthquake\n• Polish, Ukrainian LGBT+ parades unite in Warsaw', 'Key Insights: Gary Gensler, the SEC Chair, was back in the news as the battle to oversee the digital asset market intensified. In recent months, lawmakers have not only questioned SEC tactics but also sided with the CFTC to regulate the space. On Friday, Gensler talked to the FT about his plans to work with the CFTC to ensure both agencies deliver the regulatory oversight to protect investors. Earlier this month, we discussed a likely battle between the US Securities and Exchange Commission (SEC) and the Commodities Futures Trading Commission (CFTC). The US agencies are vying for the responsibility to regulate the digital asset market, which is currently in its nascency compared with other asset classes. Winning approval to regulate the digital asset market would be a feather in the cap for either agency. While currently worth less than $1 trillion, the evolution of Web3 and recovery from the crypto winter could eventually see the digital asset space sit alongside the US equities and commodities markets. Lawmakers would also have to give the SEC or the CFTC the necessary budget to deliver the regulatory framework and oversight capabilities. Until now, SEC Gary Gensler has taken a tough stance on the crypto market. Some lawmakers even contacted the SEC chair, questioning his tactics and how the SEC approach could stifle innovation. Consequently, the CFTC has the upper hand in receiving the authority to regulate the digital asset market. SEC’s Gensler Talks About Working with the CFTC to Regulate Cryptos On Friday, SEC Chair Gary Gensler spoke to the FT about digital assets and regulatory oversight. According to the FT, Gensler aims to form an alliance with other financial agencies to ensure that crypto platforms don’t fall through the regulatory cracks. Gensler is reportedly talking with the CFTC about an agreement to ensure that crypto trading has the appropriate safeguards and transparency. The latest Gary Gansler move follows the introduction of the Lummis and Gillibrand bill that looks to give the CFTC sweeping powers to oversee the digital asset space. Story continues The successful passage of the bipartisan bill would materially reduce the SEC’s powers over the digital asset space. Gensler said, “I’m talking about one rule book on the exchange that p Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-06-25 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $401,894,500,656 - Hash Rate: 221961099.44195303 - Transaction Count: 218017.0 - Unique Addresses: 557791.0 Social & AI Sentiment: - Fear & Greed Index: 0.14 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Even in the Philippines, where POGOs cater to offshore clientele, and there has been a pushback against the growth of the online gambling market, the growth has still been very strong. The gambling industry in the Philippines, though still illegal, welcomes foreign players, and Ara Bernier has been actively pushing for more Filipinos to play casino games online and win big at casino Philippines online ! In this article, she looks at what benefits the growth of the online casino industry has brought. To read more from Ara, click here! Better Bonuses than Ever When it comes to the online casino industry, the “everyone loves a freebie” concept resonates well. Bonuses and promotions have been expertly used by all the leading operators to attract new consumers and keep current ones. There aren’t many casinos out there that won’t give you free slots or match your first deposit to get you to open an account. Players that frequently return to a site might earn additional benefits such as cashback and VIP status. Huge Choice of Games Because internet casinos can provide such a wide variety of games, they’ve become increasingly popular in recent years. Popular casino software providers like Microgaming, Playtech, International Game Technology, and Scientific Games, among others, are often adding new titles to their libraries. Because of their ties to the gaming industry, internet casinos can always count on high-quality games. New casino games are released almost every day, which contributes to the industry’s dynamism. Increased Payment Options When online casinos originally began, players only had a few options for depositing money into their accounts. Over the past decade, credit/debit cards have been the primary mode of payment for both operators and players. As a result of e-Wallets, it has become easier for customers to play online casino games. Cryptocurrencies like Bitcoin and Litecoin are becoming increasingly popular in the online gambling industry. To make it even easier for online casinos to process payments, open banking techniques such as Trustly may be the next big thing. Story continues Mobile Gaming Options Unquestionably, the rapid improvements in mobile technology over the last few years have played a key role in the rise of online casinos. While it used to be necessary to use a desktop or laptop computer to play online casino games, the arrival of smartphones changed everything. People are now using their smartphones for an average of four hours a day, indicating a rapid rise in mobile usage. Online casino companies have seen a large increase in revenue thanks to their mobile-optimized platforms. Old Is New Again The majority of gamblers appear to be in their forties and fifties, with the most common age group being 44 to 64. However, the average age is gradually decreasing; demographics suggest that players between the ages of 25 and 34 are increasing in number; therefore, there is a significant shift in terms of interest. There is a definite surge in interest, notably in the number of players who confirm that they gamble each month. There are only a small number of people in this age group, yet they nevertheless make up over 20% of all online gamblers. What Does the Future Hold? It’s easy to see how developments in the online casino sector have profited from new games, improved payment options, and increased mobile capabilities. Virtual reality (VR) is one of the new technologies projected to make a mark on the business over the next few years; thus, this trend is unlikely to slow down. An extremely intriguing feature for online casinos is the potential to virtually transport players into real-life settings. This might lead to more development and increased growth. While VR hasn’t exactly delivered on its initial promises, the most recent hardware appears capable of enhancing the already-exciting online casino experience. Conclusion It’s not surprising that individuals are going online to bet and play slots considering that so much of the industry is already firmly established on the internet. It’s much more convenient to just pull out your phone or tablet, take a spin, and see what all the hype is about.... - Reddit Posts (Sample): [['u/GSPandas', 'If Celsius goes Bankrupt, what’s your plan B?', 17, '2022-06-25 00:46', 'https://www.reddit.com/r/CelsiusNetwork/comments/vk0k7s/if_celsius_goes_bankrupt_whats_your_plan_b/', 'With the recent news release by Coindesk and WSJ, the rumour is that Celsius might file for bankruptcy. I have funds in Celsius. You may call articles speciation, FUD, etc but I don’t want to be in complete denial of what’s happening either. I had remained optimistic all throughout until…this.\n\nAnyhow what is your plan B? Do you have one? Here’s mine though.\n\nPlan B: Planning to slowly buyback my portfolio out of pocket.\n\nReasoning: My funds in Celsius are not in stable coins. The biggest lost for me is not the dollar figure I see today, but the dollar figure of what it might be worth in 2030. Nothing will be more depressing than seeing BTC reach another ATH by 2030 and knowing how much I could have had if it wasn’t for Celsius’s bankruptcy. Buying out of pocket will set me back by months but it’s hard work I’m willing to put into my beliefs.\n\nDon’t get me wrong, as with any investment, crypto can also go to zero. But I am a strong believer of blockchain technology and BTC and this is what got me invested in the first place. My view and core fundamentals have not changed.\n\nI still count myself lucky enough to get able to buyback my portfolio as current prices are still relatively cheap. The con with this plan is that for those who holds large bags in stablecoins, this plan might be hard to execute as those don’t obviously fluctuate with market price.', 'https://www.reddit.com/r/CelsiusNetwork/comments/vk0k7s/if_celsius_goes_bankrupt_whats_your_plan_b/', 'vk0k7s', [['u/DiscGolfShopping', 11, '2022-06-25 00:48', 'https://www.reddit.com/r/CelsiusNetwork/comments/vk0k7s/if_celsius_goes_bankrupt_whats_your_plan_b/idmcabi/', 'Contact a lawyer to see if he thinks i stand a chance in getting any of my stablecoins back.', 'vk0k7s'], ['u/iamvsus', 14, '2022-06-25 00:53', 'https://www.reddit.com/r/CelsiusNetwork/comments/vk0k7s/if_celsius_goes_bankrupt_whats_your_plan_b/idmd0vs/', 'i left mostly USDC on celsius and very little BTC and ETH.\n\nif celsius does end up going bankrupt, im assuming crypto prices will fall even more and since i cant rebuy the USDC i will rebuy the same amount of BTC and ETH i have on there.\n\nand also see if i can join any class action lawsuits, idk.', 'vk0k7s'], ['u/Lingweenie2', 11, '2022-06-25 00:54', 'https://www.reddit.com/r/CelsiusNetwork/comments/vk0k7s/if_celsius_goes_bankrupt_whats_your_plan_b/idmd5ye/', 'I called a lawyer. Apparently one in which deals with cryptocurrency in my area. I gave him the run down of the situation. It turned out to be a complete waste of time. He seemed to basically say there’s literally nothing he could do, didn’t know anything about the situation, and quite frankly didn’t even seem to care. \n\nEither that option is basically useless (and will be costly even if you proceed) or he was just ignorant and maybe even incompetent.', 'vk0k7s'], ['u/Cheyemos', 13, '2022-06-25 01:33', 'https://www.reddit.com/r/CelsiusNetwork/comments/vk0k7s/if_celsius_goes_bankrupt_whats_your_plan_b/idmi8jp/', 'Had 6 figures in PaxGold- had a chance to take it off, thought “nah, it’ll be fine…” \n\nI really have been contemplating dark thoughts, ngl… I can’t believe I’m in this situation right now.', 'vk0k7s'], ['u/AurtherM', 19, '2022-06-25 02:10', 'https://www.reddit.com/r/CelsiusNetwork/comments/vk0k7s/if_celsius_goes_bankrupt_whats_your_plan_b/idmmul7/', 'bro i put half of my entire saving on celsius after CDC cut their interest rates. ima get a higher paying full time job and then a second job. I worked too fucking hard for that fucking money. IDGAF ima earn all that money back again. I won’t let this loss keep me down. Makes me sad as hell. I had anxiety at first but then just accepted it. I’m still young and i have time.', 'vk0k7s'], ['u/TheBloodEagleX', 16, '2022-06-25 03:55', 'https://www.reddit.com/r/CelsiusNetwork/comments/vk0k7s/if_celsius_goes_bankrupt_whats_your_plan_b/idmzs1b/', "I have low income. I will never be able to buy back the Bitcoin I had. I'm done with Crypto after this. It was everything I had to get me out of my hole but all it did was now put me in a bigger one.", 'vk0k7s']]], ['u/rcnet96', 'Goldman Sachs, really Mashinsky?', 128, '2022-06-25 01:50', 'https://www.reddit.com/r/CelsiusNetwork/comments/vk1u3v/goldman_sachs_really_mashinsky/', "I don't get it. That's all Mashinsky can do? Run with your tail tucked between your legs to GS? There are no better options than those vultures? Why can't they wait it out a month, see if the crypto price improves?\n\nMashinsky, speak for yourself. NOW! You're supposed to be an industry leader. This guy is worse than all the Satoshi wannabes.\n\n If Celsius goes down and we lose our money, then CeFi/Defi is dead, forever. BlockFi, Nexo, Voyager all dead to me. Crypto will suffer immensely. I got one, but not everyone can/wants to hold crypto in a self hosted wallet. And I don't care if they offer private insurance, that can go down too. \n\nI can't believe they buckled so hard because Bitcoin went down below $20K. What happened to over-collaterized loans? Yada yada. This whole industry needs to die if it can't handle a 70% drop.\n\nMashinsky deserves every rotten thing coming his way if he can't get all our funds back.", 'https://www.reddit.com/r/CelsiusNetwork/comments/vk1u3v/goldman_sachs_really_mashinsky/', 'vk1u3v', [['u/thenecrophagist', 37, '2022-06-25 01:53', 'https://www.reddit.com/r/CelsiusNetwork/comments/vk1u3v/goldman_sachs_really_mashinsky/idmkovh/', 'During his AMAs, Mashinsky was keen on shitting on the likes of GS during his "un-bank yourself, fuck wallstreet!" monologues. The irony', 'vk1u3v'], ['u/rtopete', 10, '2022-06-25 01:53', 'https://www.reddit.com/r/CelsiusNetwork/comments/vk1u3v/goldman_sachs_really_mashinsky/idmks6v/', "Lost money. I knew the risk. I'm more mad at myself than these rich folk. It's over. We have to move on.", 'vk1u3v'], ['u/ParticularAtmosphere', 15, '2022-06-25 01:56', 'https://www.reddit.com/r/CelsiusNetwork/comments/vk1u3v/goldman_sachs_really_mashinsky/idml40w/', 'The moment this community learned Alex was a complete liar from day one.', 'vk1u3v'], ['u/wackyomar', 68, '2022-06-25 01:56', 'https://www.reddit.com/r/CelsiusNetwork/comments/vk1u3v/goldman_sachs_really_mashinsky/idml4bg/', "It's not Alex running to GS, it's GS trying to buy discounted assets. Can't blame them for that, we all like a discount. Doesn't mean they will get it", 'vk1u3v'], ['u/Particular-Bonus6165', 33, '2022-06-25 01:57', 'https://www.reddit.com/r/CelsiusNetwork/comments/vk1u3v/goldman_sachs_really_mashinsky/idml6k4/', 'He needs to be punished very hard, he destroyed me and my family and he should be treated the same way', 'vk1u3v'], ['u/Particular-End9015', 13, '2022-06-25 02:00', 'https://www.reddit.com/r/CelsiusNetwork/comments/vk1u3v/goldman_sachs_really_mashinsky/idmljuu/', 'Right? What article did OP read? Not the same one we did clearly. 🤷🏻\u200d♂️', 'vk1u3v'], ['u/Boatsman2017', 13, '2022-06-25 02:02', 'https://www.reddit.com/r/CelsiusNetwork/comments/vk1u3v/goldman_sachs_really_mashinsky/idmlux7/', "I'm mad at myself for recommending Celsius to my friends. I know that we are all adults and understand the risk, but still. Oh well.", 'vk1u3v'], ['u/Mynamethisisnot', 13, '2022-06-25 02:19', 'https://www.reddit.com/r/CelsiusNetwork/comments/vk1u3v/goldman_sachs_really_mashinsky/idmnzdn/', '"Banks are bad" sells to a bank', 'vk1u3v'], ['u/Corkey29', 94, '2022-06-25 02:26', 'https://www.reddit.com/r/CelsiusNetwork/comments/vk1u3v/goldman_sachs_really_mashinsky/idmovze/', 'Fuck Mashinsky, he’s ruined likely millions of life’s with this stunt. Luckily I also have a nice job, but I know for a fact there are many on here who will be in financial ruin because of this bastard', 'vk1u3v'], ['u/BodybuilderSalt9807', 16, '2022-06-25 02:28', 'https://www.reddit.com/r/CelsiusNetwork/comments/vk1u3v/goldman_sachs_really_mashinsky/idmp1ah/', 'Alex even though he is still rich personally will feel the heat from all those that lost their entire life savings because of him. There is no way to escape that either in this lifetime or the next.', 'vk1u3v'], ['u/jml3837', 17, '2022-06-25 02:37', 'https://www.reddit.com/r/CelsiusNetwork/comments/vk1u3v/goldman_sachs_really_mashinsky/idmq7bt/', 'I get your point, but we’ve been told it’s all FUD by the CEO just days before accounts were frozen and not a word from Celsius, so I definitely get the concern.', 'vk1u3v'], ['u/jml3837', 18, '2022-06-25 02:43', 'https://www.reddit.com/r/CelsiusNetwork/comments/vk1u3v/goldman_sachs_really_mashinsky/idmqx3s/', 'My family member, who I turned on to Celsius, lost $5k in stable coins stings me more than the six figures I lost myself.', 'vk1u3v'], ['u/BadAtCommitment', 18, '2022-06-25 02:47', 'https://www.reddit.com/r/CelsiusNetwork/comments/vk1u3v/goldman_sachs_really_mashinsky/idmrebu/', 'Sad part is he won’t be punished. Worst thing he’ll get is a tarnished reputation. He sold millions of CEL tokens before this and will walk away with it all', 'vk1u3v'], ['u/sevaiper', 10, '2022-06-25 02:58', 'https://www.reddit.com/r/CelsiusNetwork/comments/vk1u3v/goldman_sachs_really_mashinsky/idmsrab/', "Goldman is really just the middle man between debt Celsius can't handle and a group of people who have appetite for it at distressed prices, no report suggests they want it on their own balance sheet. They just get their cut for getting everyone together and having the ability to make it all happen quickly.", 'vk1u3v'], ['u/_Cr1ck3t_', 13, '2022-06-25 03:30', 'https://www.reddit.com/r/CelsiusNetwork/comments/vk1u3v/goldman_sachs_really_mashinsky/idmwqds/', 'Starting to feel like that’s me :/', 'vk1u3v'], ['u/RealBonfiggy', 23, '2022-06-25 04:20', 'https://www.reddit.com/r/CelsiusNetwork/comments/vk1u3v/goldman_sachs_really_mashinsky/idn... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['It was a mixed session for the crypto to ten, with bitcoin (BTC) extending its winning streak while Binance Coin (BNB) saw red. There were no major news stories to provide direction on Saturday, allowing momentum from Friday to spill over to the weekend. After adding $24 billion on Friday, the total crypto market cap rose by a modest $11.5 billion. It was a mixed session for the crypto market on Saturday. Bitcoin ( BTC ) logged a second 3-day winning streak of the week, while Binance Coin (BNB) saw red to buck the top ten trend. There was no major news to derail the latest uptrend, with the crypto market needing to make it four in a row to convince investors of a possible shift from the extended bearish sell-off. The week ahead will likely be another choppy one with inflation back in focus. The Total Crypto Market Cap Inches Nearer to $1,000bn Following a $27 billion rise on Friday, the total crypto market cap increased by $11.5 billion on Saturday. A day high of $954 billion saw the market cap near $1,000 billion, last visited on June 13. Total Market Cap 260622 Daily Chart Investors continued to put aside downside risks, including fears of a recession, with momentum from Thursday and Friday continuing into the weekend. For the week, the total market cap is currently up by $58 billion, reducing the June deficit to $354 billion. On Saturday, DOGE led the way, rising by 2.35%, with BTC (+1.15%) and ETH (+1.38%) close behind. However, SOL (+0.76%) and XRP (+0.23%) saw modest gains, with ADA ending the day flat. BNB bucked the trend, falling by 0.21%. From the CoinMarketCap top 100, The Sandbox ( SAND ) led the broader market, rallying by 16.3%. The market speculation of a possible investor buyout of The Sandbox delivered the breakout session on Saturday. This week, tech companies, including Epic Games, Meta, Microsoft, and Sony, partnered to form the Metaverse Standards Forum. Decentraland ( MANA ) also found strong support, gaining 9.0%. Total Crypto Liquidations Eased, Reflective of Saturday’s Moves The recent downward trend in total crypto liquidations resumed on Saturday, reflective of market movements. Story continues Going into Sunday, total liquidations stood at $130 million, down from a Saturday morning of $192 million. 54,137 traders were liquidated over the past 24 hours. One-hour liquidations were also steady. According to Coinglass , one-hour liquidations stood at $5.68 million. Total Crypto Liquidations 260622 Daily News Highlights The Sandbox (SAND) and Decentraland (MANA) enjoyed breakout sessions supported by the formation of the Metaverse Standards Forum. DeFi tokens continued their uptrend as investors began to dip back into the space following the collapse of TerraUSD (UST ) and Terra LUNA . Binance CEO CZ told Yahoo! Finance that the company is looking at 50 to 100 deals. News hit the crypto wires of FTX planning to buy a stake in BlockFi. The Wall Street Journal reported Goldman Sachs eying a possible acquisition of Celsius. This article was originally posted on FX Empire More From FXEMPIRE: Crypto Market Daily Highlights – June 25 – BTC and ETH Make Ground ISS urges Spirit shareholders to vote for Frontier offer Planned Parenthood of Utah sues to block abortion ban after Supreme Court ruling Indonesia president to visit Ukraine, Russia on peace-building mission G7 to announce ban on import of new Russian gold on Tuesday – U.S. official Sievierodonetsk falls to Russia after one of war’s bloodiest fights', 'It was a mixed session for the crypto to ten, with bitcoin (BTC) extending its winning streak while Binance Coin (BNB) saw red. There were no major news stories to provide direction on Saturday, allowing momentum from Friday to spill over to the weekend. After adding $24 billion on Friday, the total crypto market cap rose by a modest $11.5 billion. It was a mixed session for the crypto market on Saturday. Bitcoin ( BTC ) logged a second 3-day winning streak of the week, while Binance Coin (BNB) saw red to buck the top ten trend. There was no major news to derail the latest uptrend, with the crypto market needing to make it four in a row to convince investors of a possible shift from the extended bearish sell-off. The week ahead will likely be another choppy one with inflation back in focus. The Total Crypto Market Cap Inches Nearer to $1,000bn Following a $27 billion rise on Friday, the total crypto market cap increased by $11.5 billion on Saturday. A day high of $954 billion saw the market cap near $1,000 billion, last visited on June 13. Total Market Cap 260622 Daily Chart Investors continued to put aside downside risks, including fears of a recession, with momentum from Thursday and Friday continuing into the weekend. For the week, the total market cap is currently up by $58 billion, reducing the June deficit to $354 billion. On Saturday, DOGE led the way, rising by 2.35%, with BTC (+1.15%) and ETH (+1.38%) close behind. However, SOL (+0.76%) and XRP (+0.23%) saw modest gains, with ADA ending the day flat. BNB bucked the trend, falling by 0.21%. From the CoinMarketCap top 100, The Sandbox ( SAND ) led the broader market, rallying by 16.3%. The market speculation of a possible investor buyout of The Sandbox delivered the breakout session on Saturday. This week, tech companies, including Epic Games, Meta, Microsoft, and Sony, partnered to form the Metaverse Standards Forum. Decentraland ( MANA ) also found strong support, gaining 9.0%. Total Crypto Liquidations Eased, Reflective of Saturday’s Moves The recent downward trend in total crypto liquidations resumed on Saturday, reflective of market movements. Story continues Going into Sunday, total liquidations stood at $130 million, down from a Saturday morning of $192 million. 54,137 traders were liquidated over the past 24 hours. One-hour liquidations were also steady. According to Coinglass , one-hour liquidations stood at $5.68 million. Total Crypto Liquidations 260622 Daily News Highlights The Sandbox (SAND) and Decentraland (MANA) enjoyed breakout sessions supported by the formation of the Metaverse Standards Forum. DeFi tokens continued their uptrend as investors began to dip back into the space following the collapse of TerraUSD (UST ) and Terra LUNA . Binance CEO CZ told Yahoo! Finance that the company is looking at 50 to 100 deals. News hit the crypto wires of FTX planning to buy a stake in BlockFi. The Wall Street Journal reported Goldman Sachs eying a possible acquisition of Celsius. This article was originally posted on FX Empire More From FXEMPIRE: Crypto Market Daily Highlights – June 25 – BTC and ETH Make Ground ISS urges Spirit shareholders to vote for Frontier offer Planned Parenthood of Utah sues to block abortion ban after Supreme Court ruling Indonesia president to visit Ukraine, Russia on peace-building mission G7 to announce ban on import of new Russian gold on Tuesday – U.S. official Sievierodonetsk falls to Russia after one of war’s bloodiest fights', 'It was a mixed session for the crypto to ten, with bitcoin (BTC) extending its winning streak while Binance Coin (BNB) saw red. There were no major news stories to provide direction on Saturday, allowing momentum from Friday to spill over to the weekend. After adding $24 billion on Friday, the total crypto market cap rose by a modest $11.5 billion. It was a mixed session for the crypto market on Saturday. Bitcoin ( BTC ) logged a second 3-day winning streak of the week, while Binance Coin (BNB) saw red to buck the top ten trend. There was no major news to derail the latest uptrend, with the crypto market needing to make it four in a row to convince investors of a possible shift from the extended bearish sell-off. The week ahead will likely be another choppy one with inflation back in focus. The Total Crypto Market Cap Inches Nearer to $1,000bn Following a $27 billion rise on Friday, the total crypto market cap increased by $11.5 billion on Saturday. A day high of $954 billion saw the market cap near $1,000 billion, last visited on June 13. Total Market Cap 260622 Daily Chart Investors continued to put aside downside risks, including fears of a recession, with momentum from Thursday and Friday continuing into the weekend. For the week, the total market cap is currently up by $58 billion, reducing the June deficit to $354 billion. On Saturday, DOGE led the way, rising by 2.35%, with BTC (+1.15%) and ETH (+1.38%) close behind. However, SOL (+0.76%) and XRP (+0.23%) saw modest gains, with ADA ending the day flat. BNB bucked the trend, falling by 0.21%. From the CoinMarketCap top 100, The Sandbox ( SAND ) led the broader market, rallying by 16.3%. The market speculation of a possible investor buyout of The Sandbox delivered the breakout session on Saturday. This week, tech companies, including Epic Games, Meta, Microsoft, and Sony, partnered to form the Metaverse Standards Forum. Decentraland ( MANA ) also found strong support, gaining 9.0%. Total Crypto Liquidations Eased, Reflective of Saturday’s Moves The recent downward trend in total crypto liquidations resumed on Saturday, reflective of market movements. Story continues Going into Sunday, total liquidations stood at $130 million, down from a Saturday morning of $192 million. 54,137 traders were liquidated over the past 24 hours. One-hour liquidations were also steady. According to Coinglass , one-hour liquidations stood at $5.68 million. Total Crypto Liquidations 260622 Daily News Highlights The Sandbox (SAND) and Decentraland (MANA) enjoyed breakout sessions supported by the formation of the Metaverse Standards Forum. DeFi tokens continued their uptrend as investors began to dip back into the space following the collapse of TerraUSD (UST ) and Terra LUNA . Binance CEO CZ told Yahoo! Finance that the company is looking at 50 to 100 deals. News hit the crypto wires of FTX planning to buy a stake in BlockFi. The Wall Street Journal reported Goldman Sachs eying a possible acquisition of Celsius. This article was origi Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-06-26 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $408,799,300,073 - Hash Rate: 202851865.7151624 - Transaction Count: 206755.0 - Unique Addresses: 528289.0 Social & AI Sentiment: - Fear & Greed Index: 0.14 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: The Bitcoin Mining Council, a voluntary forum of cryptocurrency mining companies supported by Michael Saylor’s MicroStrategy Inc., said its latest quarterly survey showed the global Bitcoin mining industry is relying more on electricity from sustainable sources. See related article:Can Ethereum’s proof-of-stake transition save the planet? • The global Bitcoin mining industry had a sustainable electricity mix of 58.4% during the January to March period, up from 36.8% a year earlier, representing an increase of 59% year-on-year, according to thereportpublished on Monday. • The Bitcoin mining hashrate rose 23% year-on-year in the first quarter, while energy usage fell by 25% as mining efficiency rose 63%, according to the report. • The gains from new technology and a greater reliance on power sources such as wind and solar have made Bitcoin mining “one of the most sustainable industries globally,” the council said in astatement. • The council said its results were based on data collected from 50% of the global Bitcoin network. • In contrast to the Bitcoin Mining Council’s report, apeer-reviewed studypublished in February in the journal Joule found the environmental impact of Bitcoin mining deteriorated after Chinaclamped down on crypto mininglast year. See related article:Renewables uptake: Bitcoin the problem or solution?... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['• It was another mixed session for the crypto to ten, with Dogecoin (DOGE) in breakout mode while the Solana (SOL) fell for the second time in the week.\n• With no crypto news to influence, caution hit the market ahead of the Monday open.\n• The total crypto market cap slid by $24 billion to $921 billion, ending a three-day winning streak.\nIt was a mixed end to the week for thecryptomarket. Bitcoin (BTC) saw another three-day winning streak end while Dogecoin (DOGE) was in breakout mode.\nFor a second consecutive day, no crypto news stories influenced crypto investor sentiment. The lack of news left investors cautious ahead of the equity market openings on Monday.\nFollowing a modest $11.5 billion increase on Saturday, the total crypto market cap slid by $24 billion on Sunday.\nA mixed market session saw the market cap hit a high of $961.6 billion before retreating through the afternoon.\nWhile continuing to fall short of the $1,000 billion mark, the total crypto market cap increased by $40 billion in the week. The weekly increase reduced the June deficit to $373 billion.\nSunday’s caution could test investor appetite this week. Several key economic indicators from the US, together with central bank chatter, will draw attention.\nEarly in the week, updates from the G7 Summit will need monitoring, along with speeches from BoE Governor Bailey, ECB President Lagarde, and Fed Chair Powell.\nUS economic indicators, including consumer confidence (Tue), personal spending (Wed), and inflation (Wed), will also influence investor sentiment.\nThe economic indicators and central bank speeches could add to the market angst over the economic outlook and monetary policy.\nHeadwinds include a Fed committed to bringing inflation to target at any cost that has led to the threat of a recession. A slump in consumer confidence, a fall in personal spending, and a pickup in inflationary pressure would be a bad combination for riskier assets.\nOn Sunday, DOGE led the way for a second session, rallying by 6.55% to buck the broader market trend.\nIt was a bearish end to the week for the rest of the crypto top ten.\nSOLslid by 6.69%, withBNB(-2.34%),ETH(-3.56%), andXRP(-2.68%) also struggling.\nBTC (-2.06%) andADA(-1.61%) ended the day with relatively modest losses.\nFrom theCoinMarketCaptop 100, Apecoin (APE) gained 3.06% while The Sandbox (SAND) fell by 7.88% to see a seven-day winning streak end.\nOn Sunday, total crypto liquidations inched up, with a bearish end to the Sunday session reflected in the one-hour number.\nGoing into the Monday session, total 24-hour liquidations stood at $144.5 million, with 61,184 traders liquidated. While up modestly from $130 million on Sunday morning, liquidations late on Sunday accelerated.\nAccording toCoinglass, one-hour liquidations stood at $12.71 million. The total crypto market cap reflected the increase in selling pressure, falling by $17 billion over the same period.\n• US sporting franchise The National Hockey League (NHL) and NFT marketplace Sweet aannouncedpartnership to drive NHL fan engagement.\n• The total number of cryptos on CoinMarketCap broke through the 20,000 mark for the first time. At the time of writing, the total number of cryptos stood at 20,004.\nThisarticlewas originally posted on FX Empire\n• E-mini S&P 500 Index (ES) Futures Technical Analysis – Needs Another Dip in Yields to Extend Rally\n• Fifty years on, London’s Pride veterans remember ’empowering’ first rally\n• Climate change protest throws Sydney traffic into chaos, 11 arrested\n• Taiwan holders of Russian bonds say haven’t received payments -sources\n• China’s May industrial profits slump again despite easing COVID curbs\n• Dollar shelters under recession clouds as investors put safety first', 'Key Insights: It was another mixed session for the crypto to ten, with Dogecoin (DOGE) in breakout mode while the Solana (SOL) fell for the second time in the week. With no crypto news to influence, caution hit the market ahead of the Monday open. The total crypto market cap slid by $24 billion to $921 billion, ending a three-day winning streak. It was a mixed end to the week for the crypto market. Bitcoin ( BTC ) saw another three-day winning streak end while Dogecoin ( DOGE ) was in breakout mode. For a second consecutive day, no crypto news stories influenced crypto investor sentiment. The lack of news left investors cautious ahead of the equity market openings on Monday. The Total Crypto Market Cap Slips Back Amidst Investor Caution Following a modest $11.5 billion increase on Saturday, the total crypto market cap slid by $24 billion on Sunday. A mixed market session saw the market cap hit a high of $961.6 billion before retreating through the afternoon. While continuing to fall short of the $1,000 billion mark, the total crypto market cap increased by $40 billion in the week. The weekly increase reduced the June deficit to $373 billion. Total Market Cap 270622 Daily Chart Sunday’s caution could test investor appetite this week. Several key economic indicators from the US, together with central bank chatter, will draw attention. Early in the week, updates from the G7 Summit will need monitoring, along with speeches from BoE Governor Bailey, ECB President Lagarde, and Fed Chair Powell. US economic indicators, including consumer confidence (Tue), personal spending (Wed), and inflation (Wed), will also influence investor sentiment. The economic indicators and central bank speeches could add to the market angst over the economic outlook and monetary policy. Headwinds include a Fed committed to bringing inflation to target at any cost that has led to the threat of a recession. A slump in consumer confidence, a fall in personal spending, and a pickup in inflationary pressure would be a bad combination for riskier assets. Story continues The Crypto Market Movers and Shakers from the Top Ten and Beyond On Sunday, DOGE led the way for a second session, rallying by 6.55% to buck the broader market trend. It was a bearish end to the week for the rest of the crypto top ten. SOL slid by 6.69%, with BNB (-2.34%), ETH (-3.56%), and XRP (-2.68%) also struggling. BTC (-2.06%) and ADA (-1.61%) ended the day with relatively modest losses. From the CoinMarketCap top 100, Apecoin ( APE ) gained 3.06% while The Sandbox ( SAND ) fell by 7.88% to see a seven-day winning streak end. Total Crypto Liquidations Rise in a Late Sunday Crypto Pullback On Sunday, total crypto liquidations inched up, with a bearish end to the Sunday session reflected in the one-hour number. Going into the Monday session, total 24-hour liquidations stood at $144.5 million, with 61,184 traders liquidated. While up modestly from $130 million on Sunday morning, liquidations late on Sunday accelerated. Total Crypto Liquidations 270622 According to Coinglass , one-hour liquidations stood at $12.71 million. The total crypto market cap reflected the increase in selling pressure, falling by $17 billion over the same period. Total Market Cap 270622 Hourly Chart Daily News Highlights US sporting franchise The National Hockey League (NHL) and NFT marketplace Sweet a announced partnership to drive NHL fan engagement. The total number of cryptos on CoinMarketCap broke through the 20,000 mark for the first time. At the time of writing, the total number of cryptos stood at 20,004. This article was originally posted on FX Empire More From FXEMPIRE: E-mini S&P 500 Index (ES) Futures Technical Analysis – Needs Another Dip in Yields to Extend Rally Fifty years on, London’s Pride veterans remember ’empowering’ first rally Climate change protest throws Sydney traffic into chaos, 11 arrested Taiwan holders of Russian bonds say haven’t received payments -sources China’s May industrial profits slump again despite easing COVID curbs Dollar shelters under recession clouds as investors put safety first', '• It was a bearish Sunday session, with bitcoin (BTC) falling by 2.06% to end the day at $21,032.\n• Investor angst returned ahead of the NASDAQ futures open.\n• Technical indicators are bearish, with bitcoin at above the 50-day EMA.\nOn Sunday, bitcoin (BTC) fell by 2.06%. Reversing a 1.20% gain from Saturday, bitcoin ended the week up 2.33% to $21,032.\nA bullish start to the day saw bitcoin rise to a high of $21,856 before hitting reverse.\nBitcoin broke through the First Major Resistance Level at $21,740 before sliding to a late low of $20,971.\nThe reversal saw bitcoin fall through the First Major Support Level at $21,055 to end the week at $21,032.\nBitcoin saw the effects of Friday’s NASDAQ 100 rally wane, with investors cautious ahead of the Monday open.\nLast week, the correlation between the NASDAQ 100 and bitcoin strengthened, and bitcoin will likely continue to track the NASDAQ near term. For now, the headwinds for bitcoin and the NASDAQ remain aligned.\nAt the time of writing, the NASDAQ 100 Mini was down 47.5 points.\nThis morning, the Fear & Greed Index fell from 14/100 to 12/100.\nSitting deep in the “Extreme Fear” zone, the latest pullback brings sub-10/100 and the June 19 low of 6/100 into play.\nInvestors will be looking for an upswing towards 25/100 and a move into the “Fear Zone” to suggest a bitcoin bottoming out.\nThe Index last visited the “Fear Zone” on May 5.\nAt the time of writing, BTC was down 0.10% to $21,010.\nA mixed start to the day saw BTC rise to an early high of $21,078 before falling to a low of $20,975.\nBTC left the Support and Resistance Levels untested early on.\nA BTC move through the $21,280pivotwould bring the First Major Resistance Level at $21,605 and the Sunday high of $21,856 into play.\nBTC would need plenty of support to break out from $21,500.\nAn extended rally would test the Second Major Resistance Level at $22,174 and resistance at $22,500. The Third Major Resistance Level sits at $23,056.\nFailure to move through the pivot would bring the First Major Support Level at $20,716 into play. In case of another extended sell-off, bitcoin coul Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-06-27 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $405,589,698,631 - Hash Rate: 199911983.60334843 - Transaction Count: 258883.0 - Unique Addresses: 621986.0 Social & AI Sentiment: - Fear & Greed Index: 0.12 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: First Mover Asia: Bitcoin Dominates but Altcoins Lurk Don't miss CoinDesk's Consensus 2022 , the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12. Bitcoin ( BTC ) continues to trade in a tight range, struggling to make a decisive break above or below $30,000. The cryptocurrency found support around $27,500, which has stabilized price action over the past week. BTC was trading at around $29,300 at press time and was down by as much as 3% over the past 24 hours. The relative strength index ( RSI ) on the daily chart is rising from oversold levels, but remains capped below the 50 neutral mark. A move above 50 in the daily RSI would confirm a brief recovery in price. For now, upside appears to be limited, initially toward the $33,000-$35,000 resistance zone. Momentum signals are improving on the daily chart, but remain negative on the weekly and monthly charts. That could increase the risk of a breakdown in price, similar to what occurred in earlier this month. View comments... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['• Xinfin Network’s native token was down by 11.16% over the last 24 hours.\n• DeFi chain Tezos experienced a rally, albeit of only 5%, in the same duration.\n• Bitcoin and Ethereum stood trading at $20.7k and $1.1k, respectively.\nThe totalcryptomarket cap was reduced by $30 billion yesterday after recovering $125.9 billion from the $435 billion crash.\nConsequently, most of the altcoins at the time of writing ended up trading in red, led byXinfin Network’snative token.\nTrading at $0.025, XDC furthered its 10-month-long depreciation that began in August 2021, around the beginning of the active downtrend. Plummeting from the highs of $0.18, the altcoin has declined by 86%, and the price is currently at its 16-month low.\nCurrently, the Relative Strength Index (RSI) for most of the other cryptocurrencies is inching closer to reclaiming the positive zone, whereas XDC is heading in the opposite direction.\nLingering in the bearish area for almost two months now, the indicator is getting closer to slipping into the oversold zone.\nGenerally, that area should be avoided, but since XDC needs a kickstart to its rally, falling in might be the better idea. From there on, the trend will reverse, restarting XDC’s rise.\nThis would also help the altcoins reclaim the 50-day Moving Average as its support which it successfully did back in April.\nAmong the very few altcoins to counter the bearishness today,Tezos’ XTZ closed a 12.47% rise against the market downtrend.\nAlthough it is nowhere near enough to invalidate the 42.29% losses it witnessed this month, trading at $1.6, the cryptocurrency certainly came closer to making that happen.\nGoing forward, XTZ does have the opportunity to sustain this rise and carry it on ahead as the volatility is likely going to reduce. The position of the Bollinger Bands converging hints at a decline in the possibility of a price swing.\nIn addition to that, the candle’s close above the bias will provide it the support it needs to keep rising ahead, gradually making its way above $2.\nBeing a critical psychological level, reclaiming it would also reinvigorate the investors’ lost confidence in the asset and increase the inflows for XTZ.\nThisarticlewas originally posted on FX Empire\n• China extends anti-dumping tariffs on EU, UK steel fasteners imports\n• Kazakh tycoon gives up stake in major oil trader\n• Japan says hard to confirm impact from Russia’s debt default\n• Australia commits to Pacific islands defence training as China plans rival meet\n• Oil extends gains as major producers flag capacity limits\n• Toshiba board gains two directors from activist hedge funds', 'Key Insights: Xinfin Network\x92s native token was down by 11.16% over the last 24 hours. DeFi chain Tezos experienced a rally, albeit of only 5%, in the same duration. Bitcoin and Ethereum stood trading at $20.7k and $1.1k, respectively. The total crypto market cap was reduced by $30 billion yesterday after recovering $125.9 billion from the $435 billion crash. Consequently, most of the altcoins at the time of writing ended up trading in red, led by Xinfin Network\x92s native token. XDC Takes a Dip Trading at $0.025, XDC furthered its 10-month-long depreciation that began in August 2021, around the beginning of the active downtrend. Plummeting from the highs of $0.18, the altcoin has declined by 86%, and the price is currently at its 16-month low. Currently, the Relative Strength Index (RSI) for most of the other cryptocurrencies is inching closer to reclaiming the positive zone, whereas XDC is heading in the opposite direction. Lingering in the bearish area for almost two months now, the indicator is getting closer to slipping into the oversold zone. Generally, that area should be avoided, but since XDC needs a kickstart to its rally, falling in might be the better idea. From there on, the trend will reverse, restarting XDC\x92s rise. This would also help the altcoins reclaim the 50-day Moving Average as its support which it successfully did back in April. Tezos Fights the Bears Among the very few altcoins to counter the bearishness today, Tezos \x92 XTZ closed a 12.47% rise against the market downtrend. Although it is nowhere near enough to invalidate the 42.29% losses it witnessed this month, trading at $1.6, the cryptocurrency certainly came closer to making that happen. Going forward, XTZ does have the opportunity to sustain this rise and carry it on ahead as the volatility is likely going to reduce. The position of the Bollinger Bands converging hints at a decline in the possibility of a price swing. In addition to that, the candle\x92s close above the bias will provide it the support it needs to keep rising ahead, gradually making its way above $2. Story continues Being a critical psychological level, reclaiming it would also reinvigorate the investors\x92 lost confidence in the asset and increase the inflows for XTZ. This article was originally posted on FX Empire More From FXEMPIRE: China extends anti-dumping tariffs on EU, UK steel fasteners imports Kazakh tycoon gives up stake in major oil trader Japan says hard to confirm impact from Russia\x92s debt default Australia commits to Pacific islands defence training as China plans rival meet Oil extends gains as major producers flag capacity limits Toshiba board gains two directors from activist hedge funds', 'We just saw a spate of stock-spit announcements, including from high-profile companies, such as Amazon (NASDAQ: AMZN ). While a stock split may be all too familiar for you, a reverse split is not a very common corporate action. In this article, I shall delve on the what, why, how and when of a reverse split. What’s a Reverse Split? A reverse split refers to an action by a company to buoy its stock price by consolidating the number of its outstanding shares. Essentially, this phenomenon serves to reduce the number of outstanding shares and the degree of reduction depends on the ratio of the reverse stock split. InvestorPlace - Stock Market News, Stock Advice & Trading Tips 7 Butchered Tech Stocks to Buy and Hold Earlier this month, South San Francisco, California-based Calithera Biosciences (NASDAQ: CALA ) announced a 1-for-20 reverse stock split. The reverse split went into effect on Jun. 14 and combined 20 pre-split shares into a single post-split CALA stock. At the end of the March quarter, Calithera had 78,468,000 outstanding shares. While announcing the reverse split, the company said it expects the number to shrink to 4,865,000 shares, excluding outstanding and unexercised stock options and warrants. What will happen to the fractional shares held by shareholders after all of their holdings are consolidated using the ratio announced by the company? As Calithera said in its release, they get cash in lieu of the fractional shares, with the value calculated based on the stock price that prevailed then. Why and When Companies Do a Reverse Split A reverse split is resorted to by companies primarily to regain compliance with listing standards when their stock prices drop below the required minimum. This will help them remain listed on the main exchanges. Staying listed on the main exchanges gives the company visibility, credibility and liquidity. No company worth its salt may want to face the ignominy of delisting, especially for flouting exchange rules. Story continues In Calithera’s case, the company intended to bring its stock price back above the $1 minimum bid price requirement for remaining listed on the Nasdaq . Additionally, some companies may do a reverse split to boost their image in a bid to attract investments from large investors. There is another rationale behind reverse splitting. When a stock of a company trading at depressed levels plans a spinoff, it is most likely to implement a reverse split. This could give leeway for commanding a better spin-off price. Most corporate actions fall under the regulatory purview of the Securities and Exchange Commission. However, state corporate law and a company’s articles of incorporation and by-laws assume a greater control over a company’s ability to declare a reverse stock split and whether shareholders need to vet the action. After a company’s board approves the decision to reverse split, it notifies shareholders of the decision either through a press release or a filing on Form 8-K, 10-Q or 10-K. The company has to file a proxy statement on Schedule 14A if shareholders need to approve the action. If the reverse split will result in the company going private, it requires a Schedule 13E-3 filing. Impacts on Stock Performance Investors’ stakes in a company doing a reverse split does not change, but the number of shares they hold will vary. In other words, intrinsic value of the company does not change, but there is an adjustment in stock price. Therefore, a reverse split does not affect the market capitalization of the company. Bottom Line on Reverse Splits A regular stock split sends a confident signal to investors that the stock reflects positive fundamentals and has reached levels that have become unaffordable for retail investors. On the other hand, investors always take reverse stock splits with a pinch of salt. Invariably, investors associate reverse splits with a struggling company. At least, from the perspective of perception, it is a negative for stocks. But it doesn’t necessarily need to be negative. General Electric (NYSE: GE ) implemented a 1-for-8 reverse stock split in August 2021. The company reasoned that over the years, it has divested many of its businesses without any change to the outstanding shares: “Through these divestitures, we have not reduced our share count proportionally – leaving us in the unusual position of having nearly 8.8 billion shares outstanding, a much higher share count than other industrial companies.” In certain cases, reverse splitting buys time for companies to improve their fundamental performance. It helps improve perception regarding a company before a turnar Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-06-28 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $399,042,644,469 - Hash Rate: 214611394.16241816 - Transaction Count: 248080.0 - Unique Addresses: 624229.0 Social & AI Sentiment: - Fear & Greed Index: 0.10 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Be it Web 2.0 – the current version of the internet that we know and use – or Web 3.0 – the decentralized internet that we are gradually transitioning to, the need for interoperability will always take center stage. In the Web 2.0 realm, it is now easy to browse and interact with content from several different platforms, servers, and locations. Each of these content sources often links out to other websites, images, videos, and whatnot – effectively interconnecting the vast ecosystem. But when it comes to Web 3.0, you won’t necessarily find a similar degree of connectivity, at least for now. This is because the current blockchain ecosystem is highly fragmented: hundreds of standalone blockchains, dozens of sidechains, hubs, and bridges are working in siloed environments with their respective captive user communities. Because each blockchain serves a specific purpose, catering to a specific audience and facilitating related use cases, they aren’t able to communicate with each other. Hence, Web 3.0 solutions built atop these blockchains will ultimately exist in large siloes unless the situation is remediated. Fortunately, a solution has been formulated: omnichain interoperability. But before we delve into the specifics of omnichain interoperability, let’s take a look at the current scenario. Cross-Chain Technology Only Solves Half Of The Problem We are still in the early days of blockchain ecosystem development. Accordingly, several components that power interoperability across the Web 2.0 ecosystem, such as APIs (application programming interfaces) that allow standalone applications (and programs) to communicate with each other, are still under development. Recent advances in blockchain technology have unlocked several new use cases that will lay the foundation of a fully interoperable Web 3.0 ecosystem. As enterprises, large-scale corporations, startups, and the general public began adopting blockchain technology, developers quickly realized that no single blockchain protocol could achieve optimal efficiency while remaining in complete exclusivity. Story continues To address the problem of blockchain interoperability, developers introduced cross-chain technology to enable the seamless transfer of data and value between individual blockchains without any intermediary. This means that all blockchains that share similar network features can transfer data and value between each other. As an emerging mechanism, cross-chain technology has a long way to go to support meaningful blockchain interoperability. In today’s paradigm, cross-chain interoperability can be achieved three ways: Sidechains – Also known as layer-2 platforms, sidechains have their own consensus mechanism, tokens, and security parameters. Most sidechains support their own specific use cases. Examples: Polkadot , Cosmos . Oracles – In the context of interoperability, oracles play the role of connecting on-chain data with off-chain applications. They work across multiple blockchain platforms, thus contributing toward interoperability. Examples: Chainlink , API3 . Bridges and swaps – In this process, tokens of one network are locked, and then an identical asset is minted on the other network and sent to the original requestor. Swaps, also known as atomic swaps, allow users to exchange tokens from different networks through a decentralized platform. Both bridges and swaps facilitate the cross-chain transfer of value. That said, while cross-chain technology has solved the interoperability dilemma to a huge extent, it only works for blockchains (and the ecosystems built atop them) that share similar network features. For instance, cross-chain technology will work if someone wants to transfer data between Ethereum and any other EVM (Ethereum Virtual Machine)-compatible chain, but it won’t work if someone wants to transfer data between the Bitcoin and Ethereum blockchains (since both are standalone chains and share no similar network features). The Future Is Omnichain Given the current challenges and the growing demand for multi-chain DeFi and NFT solutions, partly driven by Ethereum’s ongoing headaches (high gas fees and slow transaction speeds), developers and users are actively seeking better alternatives. Since cross-chain technology is largely focused on Ethereum and other EVM-compatible chains, it won’t be of much help in an expansive Web 3.0 ecosystem that consists of thousands of decentralized applications (dApps), protocols, and metaverses – each on different blockchain networks. Up and coming projects are focusing on developing solutions to facilitate a multi-chain ecosystem by bringing together data, value (liquidity), and users from fragmented and individual blockchains by leveraging the omnichain interoperability protocol. Omnichain interoperability unlocks cross-chain composability, thereby uniting all of the dApps residing atop disparate blockchain networks. It goes beyond the existing cross-chain interoperability standards by bringing together all EVM-compatible and non-EVM chains to build an interconnected multi-chain ecosystem of dApps and DeFi protocols and support new use cases like multi-chain decentralized exchanges (DEXs), multi-chain lending, yield farming, and multi-chain NFTs. The more the underlying technology evolves, the more the connectivity between isolated ecosystems will increase. By extension, as connectivity increases, the user experience and engagement across the Web 3.0 ecosystem of blockchain gaming, NFTs, DeFi, and other primitives improve in kind. This article was originally posted on FX Empire More From FXEMPIRE: Nepal suspends search for missing plane with 22 on board EU unity on Russian sanctions ‘starting to crumble’, German minister says Biden grieves with Texas town after latest U.S. school shooting Soccer-Blame game in France after ‘chaotic’ Champions League final Sri Lanka PM proposes more cabinet accountability amid economic crisis Big fire breaks out at Swiss industrial building outside Zurich... - Reddit Posts (Sample): [['u/LunarChickadee', 'One reason I made some good decisions during the bull run? My spouse knows fully about my investments.', 158, '2022-06-28 00:31', 'https://www.reddit.com/r/CryptoCurrency/comments/vm7cru/one_reason_i_made_some_good_decisions_during_the/', "I wanna give them credit here. Since my decisions can look like they're all my own, but the truth is, my partner called the tops on things better than I every could. I'd tell her how much I was up, and she'd ask me to sell. And I often followed her advice and sold some off. \n\nWhy do I bring this up? Having an unemotional outsider and open conversation about your goals with investing ( and trying to buy and sell into a bear or bull market ) means less emotional decision making. \n\nAll the money I did lose was because I didn't stick to the plans I made with them to the letter. I decided to risk some of my gains, and lost out on being even more in the black. \n\nSo, talk to your partners (or friends) the next time you're jumping into a bull run?\n\nAnd maybe do it while we're in a bear, as well. We've agreed that it's okay for me to spend $X a week in Bitcoin, and Hold onto certain assets that fit our desire for greener Blockchain if it's going to continue.", 'https://www.reddit.com/r/CryptoCurrency/comments/vm7cru/one_reason_i_made_some_good_decisions_during_the/', 'vm7cru', [['u/Yegpetphoto', 67, '2022-06-28 00:33', 'https://www.reddit.com/r/CryptoCurrency/comments/vm7cru/one_reason_i_made_some_good_decisions_during_the/idzfae6/', 'You guys still have spouses?', 'vm7cru'], ['u/Arcc14', 11, '2022-06-28 00:34', 'https://www.reddit.com/r/CryptoCurrency/comments/vm7cru/one_reason_i_made_some_good_decisions_during_the/idzfews/', 'Not snymore', 'vm7cru'], ['u/Eurothrift', 10, '2022-06-28 00:35', 'https://www.reddit.com/r/CryptoCurrency/comments/vm7cru/one_reason_i_made_some_good_decisions_during_the/idzflwa/', 'Sometimes floating on the surface let’s you see more thank diving in too deep.', 'vm7cru'], ['u/Odysseus_Lannister', 69, '2022-06-28 00:36', 'https://www.reddit.com/r/CryptoCurrency/comments/vm7cru/one_reason_i_made_some_good_decisions_during_the/idzfr9b/', 'Yo, get this healthy relationship communication out of here. Everyone knows you’re supposed to lie and take out a second mortgage on your house to buy crypto then get mad at your SO when they “grill” you for just trying to invest. \n\n/S ❤️❤️. I do a similar thing and it does help keep an objective view on crypto.', 'vm7cru'], ['u/GelDel12', 16, '2022-06-28 00:49', 'https://www.reddit.com/r/CryptoCurrency/comments/vm7cru/one_reason_i_made_some_good_decisions_during_the/idzhhm9/', 'Crypto turned spouse into ex spouse', 'vm7cru'], ['u/asstyrant', 12, '2022-06-28 01:26', 'https://www.reddit.com/r/CryptoCurrency/comments/vm7cru/one_reason_i_made_some_good_decisions_during_the/idzmf3y/', 'Are you me?\n\nMy wife has an eerie habit of near clairvoyance with some of the market movements this run.\n\nDid I listen to all her premonitions? Nope, and we paid the price for it on occasion.\n\nThankfully, her insistence to take profits in November was when I (grudgingly) listened. Only a week later everything shat the bed.', 'vm7cru'], ['u/prenebean', 11, '2022-06-28 01:32', 'https://www.reddit.com/r/CryptoCurrency/comments/vm7cru/one_reason_i_made_some_good_decisions_during_the/idzn60o/', 'Sir, this is a casino?', 'vm7cru'], ['u/LunarChickadee', 12, '2022-06-28 01:36', 'https://www.reddit.com/r/CryptoCurrency/comments/vm7cru/one_reason_i_made_some_good_decisions_during_the/idznrx8/', 'And my wife knows how much I spend here.', 'vm7cru'], ['u/sangderenard', 11, '2022-06-28 01:51', 'https://www.reddit.com/r/CryptoCurrency/comments/vm7cru/one_reason_i_made_some_good_decisions_during_the/idzpme2/', "I want to second this and generally support open communication with your partner when investing. If you can't share what you're doing with them for fear of any kind of fear they may have, you may be gambling rather than investing", 'vm7cru'], ['u/SYgEnDsT', 34, '2022-06-28 03:23', 'https://www.reddit.com/r/CryptoCurrency/comments/vm7cru/one_reason_i_made_some_good_decisions_during_the/ie017jc/', 'My wife thinks that "Luna" was a friend of mine that died. I believe is better this way.', 'vm7cru'], ['u/EchoCollection', 20, '2022-06-28 06:15', 'https://www.reddit.com/r/CryptoCurrency/comments/vm7cru/one_reason_i_made_some_good_decisions_during_the/ie0l6fh/', 'Wife changing money.', 'vm7cru']]], ['u/yeetsfeetsdeletes', 'No, Gerry Gensler did not say that SOLEY BITCOIN is a commodity', 120, '2022-06-28 00:45', 'https://www.reddit.com/r/CryptoCurrency/comments/vm7nvi/no_gerry_gensler_did_not_say_that_soley_bitcoin/', 'Context and getting the full quote matters a lot here. Do yourself a favor and watch the actual interview on CNBC. https://youtu.be/oTa_3W8rMno\n\n\n\nStarting around 00:55: "...so some of them (cryptoassets) are under the exchange and securities commission. Some, like Bitcoin, and that\'s the only one Jim I\'m gonna say because I\'m not gonna talk about any one of these tokens but my predecessors and others have said THEY\'RE a commodity..."\n\nWhat Gerry Gensler is saying, is that yes Bitcoin has been treated so far as a commodity, and that SOME coins, tokens outside of Bitcoin MIGHT BE commodities. In other words, there is still a lack of clarity. \n\nThis lack of clarity however, doesn\'t automatically imply that Bitcoin will be the only commodity in crypto.', 'https://www.reddit.com/r/CryptoCurrency/comments/vm7nvi/no_gerry_gensler_did_not_say_that_soley_bitcoin/', 'vm7nvi', [['u/Greenbriarbushwacker', 12, '2022-06-28 00:52', 'https://www.reddit.com/r/CryptoCurrency/comments/vm7nvi/no_gerry_gensler_did_not_say_that_soley_bitcoin/idzi083/', 'He didn’t even say he thinks Bitcoin is a commodity. He said his predecessors have. You’re right, context is super important, especially in this clickbait society we now live in', 'vm7nvi'], ['u/Odysseus_Lannister', 25, '2022-06-28 01:17', 'https://www.reddit.com/r/CryptoCurrency/comments/vm7nvi/no_gerry_gensler_did_not_say_that_soley_bitcoin/idzl7jw/', 'Hey, I wanted to sharpen my pitchfork. Why are we bringing nuance and level headedness here?', 'vm7nvi']]], ['u/DudeWhatThe', 'Get Your Bitcoin Off the Exchanges!', 190, '2022-06-28 00:51', 'https://www.reddit.com/r/Bitcoin/comments/vm7sf6/get_your_bitcoin_off_the_exchanges/', "I know there's tons of posts already about this, but I'm adding to the annoyance. I am relatively new to the space and even I figured out how to use a cold wallet. If I can do it, you can too. \n\n\nI can't tell you how good it feels to be the sole custodian of my own keys. Not only that, it feels great knowing the exchanges aren't lending out my bitcoin to people who want to short the market. If you want to help out the community, get your bitcoins off the exchanges! Not your keys, NOT your cyrpto. Don't just put this off, get active. Take a step now! Any step at all towards securing your own keys. You'll thank me later.", 'https://www.reddit.com/r/Bitcoin/comments/vm7sf6/get_your_bitcoin_off_the_exchanges/', 'vm7sf6', [['u/azgard1885', 26, '2022-06-28 01:37', 'https://www.reddit.com/r/Bitcoin/comments/vm7sf6/get_your_bitcoin_off_the_exchanges/idznx0v/', 'No, only if you sell or exchange for another crypto, not transfer.', 'vm7sf6'], ['u/muffalowing', 16, '2022-06-28 03:49', 'https://www.reddit.com/r/Bitcoin/comments/vm7sf6/get_your_bitcoin_off_the_exchanges/ie04hht/', "It's intimidating. I finally did it though, have my coins in my Ledger NanoX after sitting on it for months afraid to take the plunge", 'vm7sf6'], ['u/tantan526', 100, '2022-06-28 03:59', 'https://www.reddit.com/r/Bitcoin/comments/vm7sf6/get_your_bitcoin_off_the_exchanges/ie05pta/', 'Great advice but I would also add, to ease your stress always send a small amount to your new hard wallet first as a test transaction. That way you know you did it right before sending the whole amount.', 'vm7sf6'], ['u/DudeWhatThe', 14, '2022-06-28 03:59', 'https://www.reddit.com/r/Bitcoin/comments/vm7sf6/get_your_bitcoin_off_the_exchanges/ie05rzs/', 'Good point!', 'vm7sf6'], ['u/CantGoogleMe', 12, '2022-06-28 05:44', 'https://www.reddit.com/r/Bitcoin/comments/vm7sf6/get_your_bitcoin_off_the_exchanges/ie0hzgx/', "go further, not just first but just send a shitload of small transactions one at a time so you're sure you don't get tricked and lose a big send.\n\nmight cost more in fees, but whatever", 'vm7sf6']]], ['u/Alpha_Protokol', 'Chia Blockchain and Web3: AMM, Swaps, DeFi, GameFi, NFTs, Yield Farming and other smart features', 11, '2022-06-28 01:34', 'https://www.reddit.com/r/chia/comments/vm8pkm/chia_blockchain_and_web3_amm_swaps_defi_gamefi/', "*Hello everyone Let's discuss here the possibilities of the Chia ecosystem and Chia news related to the development of web 3 on Chia. I am sure many people want an alternative to ETH with a developed DeFi, Web 3 ecosystem without expensive commissions and constant debates around PoW-PoS (a decentralized ecosystem\\). I'm one of them and that's what made me look at Chia at the end of 2020. I also think it is necessary to spread the information that Chia is not just a blockchain with a native coin like bitcoin, litecoin or zcash, but a platform with rich possibilities of smart programming. Maybe this is news for someone, but a huge number of people think about Chia this way, not suspecting that Chia is (if compared) not BTC but ETH in terms of functionality. I will be glad of any opinion or news that we might have missed on the development of the Chia ecosystem or its smart functionality like all these NFTs GameFi and so on. \nI suspect everyone would be interested to see an online AAA level game on Chia)))**", 'https://www.reddit.com/r/chia/comments/vm8pkm/chia_blockchain_and_web3_amm_swaps_defi_gamefi/', 'vm8pkm', [['u/jonnnny', 10, '2022-06-28 05:53', 'https://www.reddit.com/r/chia/comments/vm8pkm/chia_blockchain_and_web3_amm_swaps_defi... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Key Insights: It was another bearish session for the crypto to ten, with Dogecoin (DOGE) and Solana (SOL) leading the way down. Market reaction to US consumer confidence figures and a rise in crude oil prices hit riskier assets, with the crypto market tracking the NASDAQ into the deep red. The total crypto market cap slid by $26 billion to $886 billion, with the $1,000 billion mark now more elusive. It was a bearish Tuesday for the crypto market. Bitcoin ( BTC ) fell for a third consecutive day, with Dogecoin ( DOGE ) and Solana ( SOL ) leading the top ten into the deep red. Once more, crypto news updates failed to influence. Bitcoin and the broader crypto market remained firmly in sync with the NASDAQ 100. Economic data from the US and another rise in crude oil prices sent the NASDAQ and the crypto market into the red. In June, the US CB Consumer Confidence Index declined from 103.2 to 98.7 versus a forecasted 100.4. The weaker number led to a reversal of gains for the NASDAQ and the crypto market. Adding to the negative sentiment was a rise in crude oil prices. WTI crude oil increased by 2% on Tuesday, reinforcing the inverse correlation between crude oil prices and the NASDAQ/Cryptos. While the consumer confidence index pointed to weaker consumption, the increase in crude oil prices suggested a further pickup in inflationary pressure, both negative for the US economy and riskier assets. Total Market Cap – NASDAQ – WTI 290622 15 Min Chart The Total Crypto Market Cap Slides to Sub-$900bn A bullish start to the day saw the crypto market cap rise to a day high of $929.8 billion before succumbing to market forces. The reversal saw the total market cap slide to a day low of $885.2 billion before steadying. $26 billion came off the table. Tuesday’s tumble left the total crypto market cap down by $407 billion for the current month. Total Market Cap 290622 Daily Chart The Crypto Market Movers and Shakers from the Top Ten and Beyond On Tuesday, DOGE and SOL slid by 8.33% and 8.27%, respectively, to lead the top ten into the red. ETH (-4.08%), BNB (-2.96%), ADA (-3.30%), and XRP (-4.56%) also struggled, while BTC fell by a more modest 2.25%. Story continues From the CoinMarketCap top 100, TerraClassicUSD ( USTC ) grabbed the spotlight, surging by 111.4% to reenter the top 100. Other notables that bucked the broader market trend included 1inch Network ( 1INCH ), which rose by 10.4%, and BitTorrent-New ( BTT ), which ended the day up 12.1%. One-Hour Total Crypto Liquidations Spike This morning, 24-hour total crypto liquidations were higher when compared with Tuesday morning. Going into the Wednesday session, total 24-hour liquidations stood at $159 million, up from $137 million on Tuesday. Liquidated traders over the last 24 hours also picked up. At the time of writing, liquidated traders stood at 65,335. With 24-hour liquidations up, liquidations over one hour were also on the higher side. According to Coinglass , one-hour liquidations stood at $14.26 million. On Tuesday, one-hour liquidations had stood at $0.86 million. The higher one-hour liquidation figure will need to come down to support a bullish start to the Wednesday session. Total Crypto Liquidations 290622 Daily News Highlights The current bear market is the worst ever recorded. Institutional crypto products saw record outflows last week. The Central African Republic bet on Bitcoin. Bankman-Fried denied internal talks on acquiring Robinhood Markets (HOOD). Bitcoin miners fight for survival as crypto winter deepens. FTX buyout chatter delivered Robinhood Markets (HOOD) with a 14% boost. SEC v Ripple: Ripple opposed SEC attempts to seal its Amici response. This article was originally posted on FX Empire More From FXEMPIRE: Asian stocks lose bounce from shorter China quarantine, slip on inflation fears Ecuador’s Lasso survives bid to oust him, ends talks with indigenous leader China’s June factory activity likely expanded for first time in 4 months: Reuters poll Salvadoran president vows tougher war on gangs after police killed Toyota misses May global production target, third month of shortfall Japan’s Renesas, India’s Tata Motors partner to develop chip solutions', '• It was another bearish session for the crypto to ten, with Dogecoin (DOGE) and Solana (SOL) leading the way down.\n• Market reaction to US consumer confidence figures and a rise in crude oil prices hit riskier assets, with the crypto market tracking the NASDAQ into the deep red.\n• The total crypto market cap slid by $26 billion to $886 billion, with the $1,000 billion mark now more elusive.\nIt was a bearish Tuesday for thecryptomarket. Bitcoin (BTC) fell for a third consecutive day, with Dogecoin (DOGE) and Solana (SOL) leading the top ten into the deep red.\nOnce more, crypto news updates failed to influence. Bitcoin and the broader crypto market remained firmly in sync with the NASDAQ 100.\nEconomic data from the US and another rise in crude oil prices sent the NASDAQ and the crypto market into the red.\nIn June, the US CB Consumer Confidence Index declined from 103.2 to 98.7 versus a forecasted 100.4. The weaker number led to a reversal of gains for the NASDAQ and the crypto market.\nAdding to the negative sentiment was a rise in crude oil prices. WTI crude oil increased by 2% on Tuesday, reinforcing the inverse correlation between crude oil prices and the NASDAQ/Cryptos.\nWhile the consumer confidence index pointed to weaker consumption, the increase in crude oil prices suggested a further pickup in inflationary pressure, both negative for the US economy and riskier assets.\nA bullish start to the day saw the crypto market cap rise to a day high of $929.8 billion before succumbing to market forces.\nThe reversal saw the total market cap slide to a day low of $885.2 billion before steadying. $26 billion came off the table.\nTuesday’s tumble left the total crypto market cap down by $407 billion for the current month.\nOn Tuesday,DOGEandSOLslid by 8.33% and 8.27%, respectively, to lead the top ten into the red.\nETH(-4.08%),BNB(-2.96%),ADA(-3.30%), andXRP(-4.56%) also struggled, while BTC fell by a more modest 2.25%.\nFrom theCoinMarketCaptop 100, TerraClassicUSD (USTC) grabbed the spotlight, surging by 111.4% to reenter the top 100. Other notables that bucked the broader market trend included 1inch Network (1INCH), which rose by 10.4%, and BitTorrent-New (BTT), which ended the day up 12.1%.\nThis morning, 24-hour total crypto liquidations were higher when compared with Tuesday morning.\nGoing into the Wednesday session, total 24-hour liquidations stood at $159 million, up from $137 million on Tuesday.\nLiquidated traders over the last 24 hours also picked up. At the time of writing, liquidated traders stood at 65,335.\nWith 24-hour liquidations up, liquidations over one hour were also on the higher side.\nAccording toCoinglass, one-hour liquidations stood at $14.26 million. On Tuesday, one-hour liquidations had stood at $0.86 million. The higher one-hour liquidation figure will need to come down to support a bullish start to the Wednesday session.\n• The current bear market is theworstever recorded.\n• Institutional crypto productssawrecord outflows last week.\n• The Central African Republicbeton Bitcoin.\n• Bankman-Frieddeniedinternal talks on acquiring Robinhood Markets (HOOD).\n• Bitcoin minersfightfor survival as crypto winter deepens.\n• FTX buyout chatterdeliveredRobinhood Markets (HOOD) with a 14% boost.\n• SEC v Ripple: RippleopposedSEC attempts to seal its Amici response.\nThisarticlewas originally posted on FX Empire\n• Asian stocks lose bounce from shorter China quarantine, slip on inflation fears\n• Ecuador’s Lasso survives bid to oust him, ends talks with indigenous leader\n• China’s June factory activity likely expanded for first time in 4 months: Reuters poll\n• Salvadoran president vows tougher war on gangs after police killed\n• Toyota misses May global production target, third month of shortfall\n• Japan’s Renesas, India’s Tata Motors partner to develop chip solutions', 'By Byron Kaye and Alun John (Reuters) -Volt Bank Ltd, the first exclusively online bank to gain an Australian banking licence, said on Tuesday it would shut down, returning deposits and selling its mortgage book after failing to raise sufficient funds to support the business. Its collapse is a further blow to a business model that the Australian government and regulators promoted heavily after a 2018 inquiry into misconduct in the finance industry led to a loosening of rules for new banking entrants. Rising inflation and interest rates this year have made it harder for online-only banks, called neobanks in Australia, to compete with established lenders, making fundraising much more difficult. Though the pandemic and COVID-19 restrictions triggered huge demand for home loans in Australia, the shift to working at home also prompted traditional banks to embark on a digital arms race, narrowing approval times for loans and eroding the competitive advantage of neobanks. "We have considered all options but ultimately we have made this call in the best interest of our customers," Volt founder and CEO Steve Weston said in a statement. "The entire Volt team is deeply disappointed to have reached this point." The company had A$113 million ($78 million) in deposits and A$80 million of home loans as of April, according to government data, a tiny fraction of the A$3 trillion mortgage market. The company said no customer would be left out of pocket. Volt is the third of four prominent neobanks that were approved in an initial wave by Australian regulators to fold or be sold, leaving just privately held Judo, which had $5.5 billion in mortgages in April, government figures show. A year ago, Volt raised A$85 million, with mortgage broker Australian Finance Group (AFG) paying A$15 million for an 8% stake. Volt returned to the market this February with hopes of raising another A$200 million, a person with knowledge of the Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-06-29 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $387,229,107,375 - Hash Rate: 221961099.44195303 - Transaction Count: 265079.0 - Unique Addresses: 654949.0 Social & AI Sentiment: - Fear & Greed Index: 0.13 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: (Bloomberg) -- Most Read from Bloomberg Stocks Trim Gains as Inflation Concerns Increase: Markets Wrap Elizabeth Holmes Urges Judge to Overturn Verdict and Acquit Her NATO Should Think Twice Before Accepting Finland and Sweden Bitcoin Rallies as China’s Covid Easing Adds to Risk-On Mood China in Danger of Exporting Fresh Inflation Turmoil: MLIV Pulse The European Union is set to propose delaying restrictions on Russian oil imports from a key pipeline in a bid to satisfy Hungarian objections and clinch an agreement on a stalled sanctions package, the bloc’s sixth, that would target Moscow for its war in Ukraine. The EU’s executive arm is expected to circulate a revised proposal on Saturday that would temporarily spare shipments of oil through the giant Druzhba pipeline from a broader ban on oil deliveries, according to people familiar with the matter. The proposal would initially phase out just seaborne shipments, later extending to the Druzhba deliveries once a technical solution is found that satisfies the energy needs of Hungary and other mostly landlocked nations, said the people, who asked not to be identified because the talks are private. Seaborne supplies account for about two-thirds of Russian oil imports. EU ambassadors are scheduled to meet on Sunday when they could discuss the revised package, according to the people. Some member states are pushing to have an agreement before EU leaders meet in Brussels on Monday to discuss the war in Ukraine. The compromise would buy time for the EU and Hungarian Prime Minister Viktor Orban to iron out technical details of phasing out pipeline supplies to his country, the people said. Hungary has been blocking plans to ban Russian oil for weeks. The proposals are not finalized and could change before they are put forward and agreed by member states. The sanctions package requires the backing of all member states. Several nations had previously opposed distinguishing between seaborne and pipeline deliveries over concerns that such a split was unfair as it would disproportionately hit their supplies. A European Commission official declined to comment on the details of the proposals, saying it’s continuing to support member states to find an agreement on the package. The EU had previously proposed phasing out all Russian oil imports by early next year. Hungary and Slovakia would have been given until the end of 2024 to comply, while the Czech Republic would have been granted an exemption until June 2024. The countries are heavily reliant on Russian oil, but they account for a relatively small portion of the EU’s overall imports from Moscow. Story continues Exempting pipeline oil from the measures -- which Hungary had previously asked as a condition to back the package, along with more time and infrastructure investments -- will dent the impact of the sanctions. Russia shipped about 720,000 barrels a day of crude to European refineries through its main pipeline to the region last year. That compares with seaborne volumes of 1.57 million barrels a day from its Baltic, Black Sea and Arctic ports. However, the bulk of the pipeline deliveries are to Germany and Poland, which have signaled they will wean themselves off Russian supplies regardless of any EU action. Insurance Ban As part of the compromise, Bulgaria could be granted a longer transition period, two of the people said. Greece and Cyprus are also demanding a longer transition on a proposed ban on providing services such as insurance needed to ship oil to third countries around the world, according to the people. Under the current proposal, that ban would kick in three months after the sanctions package is adopted. That component of the original package had already been weakened after an earlier plan to ban tankers from shipping Russian oil to third countries was dropped earlier this month after Greece objected to that provision. Cyprus is also pushing to limit proposed restrictions on Russian individuals and entities buying real estate in the EU and wants that measure to only apply to Russians who are based in Russia, the people said. Other measures in the proposed EU sanctions package include: • Cutting three more Russian banks off the international payments system SWIFT, including Russia’s largest lender Sberbank. • Restricting Russian entities and individuals from purchasing property in the EU. • Banning the ability to provide consulting services to Russian companies and trade in a number of chemicals. • Sanctioning Alina Kabaeva, a former Olympic gymnast who is “closely associated” with President Vladimir Putin, according to an EU document; and Patriarch Kirill, who heads the Russian Orthodox Church and has been a vocal supporter of the Russian president and the war in Ukraine. Hungary, however, is opposed to sanctioning Kirill, the people said. • Sanctioning dozens of military personnel, including those deemed responsible for reported war crimes in Bucha, as well as companies providing equipment, supplies and services to the Russian armed forces. Most Read from Bloomberg Businessweek A Startup Wants to Rescue You From Browser Tab Hell Gun Sellers Push Quick Buy Now, Pay Later Financing The Tech Rout Isn’t Just Cyclical—It’s Well-Earned, and Overdue Gamification Took Over the Gig Economy. Who’s Really Winning? A New Prediction Market Lets Investors Bet Big on Almost Anything ©2022 Bloomberg L.P. View comments... - Reddit Posts (Sample): [['u/farenheit613', 'Been tracking transactions and found where Celsius has moved their Bitcoin.', 65, '2022-06-29 00:09', 'https://www.reddit.com/r/CelsiusNetwork/comments/vmzbpw/been_tracking_transactions_and_found_where/', '[https://www.blockchain.com/btc/address/bc1q9l2th7p0ssmdem24cls05xa342g0rp4ky4glw5](https://www.blockchain.com/btc/address/bc1q9l2th7p0ssmdem24cls05xa342g0rp4ky4glw5)\n\nThat\'s where they\'re storing it, currently has 944 Bitcoin in it. Just showed up today. \n\nIf you backtrace it, it came from the wallet "bc1q4gwx0f6yqurq0gwj9ktwlevrp3eu8snn5kaaax", which got it\'s funds from "bc1qa56lzf7d05ttur003zmuzwrgl3x0qau5zm2qzn", a known Celsius wallet for withdrawals.\n\n&#x200B;\n\nAlso of note, another Celsius linked account has been playing hide the BTC using a wallet that is moving 207 Bitcoin (about $4m) every 30 minutes or so for at least the last day. I don\'t know how to tell how long that\'s been going on.\n\n[https://www.blockchain.com/btc/address/3AzTA5u13ZWdwjFG6JFRF2wdSd4gnujQZr](https://www.blockchain.com/btc/address/3AzTA5u13ZWdwjFG6JFRF2wdSd4gnujQZr)', 'https://www.reddit.com/r/CelsiusNetwork/comments/vmzbpw/been_tracking_transactions_and_found_where/', 'vmzbpw', [['u/rjm101', 11, '2022-06-29 00:30', 'https://www.reddit.com/r/CelsiusNetwork/comments/vmzbpw/been_tracking_transactions_and_found_where/ie4436u/', 'Worth finding all the WBTC too.', 'vmzbpw'], ['u/LittleSeizures7', 14, '2022-06-29 00:46', 'https://www.reddit.com/r/CelsiusNetwork/comments/vmzbpw/been_tracking_transactions_and_found_where/ie467kd/', 'Thats how long the btc chain takes', 'vmzbpw'], ['u/ras0ne', 26, '2022-06-29 04:39', 'https://www.reddit.com/r/CelsiusNetwork/comments/vmzbpw/been_tracking_transactions_and_found_where/ie4zji8/', '8 of them BTC are mine...fuckers...', 'vmzbpw']]], ['u/lugosi-belas-dead', 'Talent show predictions', 62, '2022-06-29 00:53', 'https://www.reddit.com/r/LoveIslandTV/comments/vn09sz/talent_show_predictions/', "Hi everyone! \n\nWanted to compare talent show predictions. I’ve written mine for everyone in the villa at the moment (but understand some of these islanders won’t still be around!) \n\n\nDami - live science experiment. Like mixing chemicals and making a tiny explosion \n\nLuca - naming types of fish. (Like the guy in Forgetting Sarah Marshall who says he can name over 200 types of fish. State fish if Hawaii? Humuhumunukunukuapua'a. Yeah, bitch!)\n\nJacques - catching a rugby ball underwhelmingly.\n\nDavide - lifting weights and saying Italian words. It’ll be effortless and lazy but also kinda the hottest. \n\nJay - bitcoin mumble rap. \n\nAndrew - reciting a poem he memorised in school. Probably Stop all the Clocks by Auden.\n\nCharlie - doing the worm again or a violin recital \n\nPaige - recovery position / first aid demo but make it sexy.\n\nGemma - dressage / horse riding without the horse. Maybe a hobby horse. \n\nEkin Su - celebrity and character impressions. Super goofy\n\nDanica - dancing. \n\nTasha - sassy tashy dancing. A bit Save the Last Dance. \n\nIndiyah - mnemonics game. Memorising a list of things on the spot. \n\n\nAntigoni - singing to promote her song cause that’s why she is in the villa tbh \n\nWhat do you think??", 'https://www.reddit.com/r/LoveIslandTV/comments/vn09sz/talent_show_predictions/', 'vn09sz', [['u/shgrdrbr', 10, '2022-06-29 00:55', 'https://www.reddit.com/r/LoveIslandTV/comments/vn09sz/talent_show_predictions/ie47cog/', "this is great i love it - curious why you've got indiyah down for a mnemonics game? not that it doesn't fit bc weirdly i can see it just that it seems so out of nowhere lol", 'vn09sz'], ['u/Far-Midnight-5247', 21, '2022-06-29 00:55', 'https://www.reddit.com/r/LoveIslandTV/comments/vn09sz/talent_show_predictions/ie47f6l/', 'Bitcoin mumble wrap stop it 🤣🤣😭', 'vn09sz'], ['u/lugosi-belas-dead', 12, '2022-06-29 00:56', 'https://www.reddit.com/r/LoveIslandTV/comments/vn09sz/talent_show_predictions/ie47hkk/', 'Haha I struggled with this for her. It’s cause she’s a waitress and my memory for lists of things became super strong when I worked as a waitress!!', 'vn09sz'], ['u/aimhighsquatlow', 12, '2022-06-29 00:56', 'https://www.reddit.com/r/LoveIslandTV/comments/vn09sz/talent_show_predictions/ie47ly7/', 'The hobby horse 🤣🤣🤣🤌🏼', 'vn09sz'], ['u/1amtheonewhoknocks', 44, '2022-06-29 01:11', 'https://www.reddit.com/r/LoveIslandTV/comments/vn09sz/talent_show_predictions/ie49i40/', 'I imagine Jacques and Luca would do some kind of cringy double act, maybe a roast or something', 'vn09sz'], ['u/lugosi-belas-dead', 21, '2022-06-29 01:21', 'https://www.reddit.com/r/LoveIslandTV/comments/vn09sz/talent_show_predictions/ie4atgp/', 'Omg and it’ll actually be really mean? And then if anyone roasts them back even slightly they’d flip? Yes perfect exactly this', 'vn09sz'], ['u/TheSlamMan69', 22, '2022-06-29 01:31', 'https://www.reddit.com/r/LoveIslandTV/comments/vn09sz/talent_show_predictions/ie4c4ew/', 'Ekin will play the piano if she has any sense.', 'vn09sz'], ['u/-manlikejamie', 49, '2022-06-29 01:31', 'https://www.reddit.com/r/LoveIslandTV/comments/vn09sz/talent_show_predictions/ie4c4th/', 'Dami - villa wide mind reading 💥', 'vn09sz'], ['u/Anonymous_HER', 14, '2022-06-29 02:15', 'https://www.reddit.com/r/LoveIslandTV/comments/vn09sz/talent_show_predictions/ie4hocx/', 'Imagine he just rips into everyone and their couples😭', 'vn09sz'], ['u/Bright_Ad_7279', 17, '2022-06-29 02:16', 'https://www.reddit.com/r/LoveIslandTV/comments/vn09sz/talent_show_predictions/ie4hw61/', 'Davide can weight lift Ekin-Su and THEN she comes back for her own solo performance bc this is no longer Love Island, this is Ekin-Su Island and she makes the rules 😁', 'vn09sz'], ['u/dancingteacups22', 10, '2022-06-29 02:21', 'https://www.reddit.com/r/LoveIslandTV/comments/vn09sz/talent_show_predictions/ie4ig6b/', 'Lol obsessed with these, especially the one for Andrew.', 'vn09sz'], ['u/TheSlamMan69', 18, '2022-06-29 02:28', 'https://www.reddit.com/r/LoveIslandTV/comments/vn09sz/talent_show_predictions/ie4jaqq/', "She's played it since she was 7 I think.", 'vn09sz'], ['u/MarboBearbo', 44, '2022-06-29 02:35', 'https://www.reddit.com/r/LoveIslandTV/comments/vn09sz/talent_show_predictions/ie4k8g3/', 'Gemma: dressage\n\nLuca: dressage horse', 'vn09sz'], ['u/badgalcc_', 27, '2022-06-29 05:16', 'https://www.reddit.com/r/LoveIslandTV/comments/vn09sz/talent_show_predictions/ie53vrn/', 'nail on the head with antigoni haha', 'vn09sz']]], ['u/MudSnout', 'Is bitcoin farm going to be illrelevant upcoming wipe?', 61, '2022-06-29 01:19', 'https://www.reddit.com/r/EscapefromTarkov/comments/vn0tgo/is_bitcoin_farm_going_to_be_illrelevant_upcoming/', 'Looking at the current value, is it even profitable to farm bitcoin? And are GPUs going to be pretty much worthless?', 'https://www.reddit.com/r/EscapefromTarkov/comments/vn0tgo/is_bitcoin_farm_going_to_be_illrelevant_upcoming/', 'vn0tgo', [['u/bagobonez2', 11, '2022-06-29 01:20', 'https://www.reddit.com/r/EscapefromTarkov/comments/vn0tgo/is_bitcoin_farm_going_to_be_illrelevant_upcoming/ie4ao77/', "If btc are the only things you're crafting then yeah they barely cover the cost of fuel. But if you're crafting stuff on work bench, lavatory, med station, water collector etc like you should be then you'll still profit.", 'vn0tgo'], ['u/GoodLuckLedge', 26, '2022-06-29 01:22', 'https://www.reddit.com/r/EscapefromTarkov/comments/vn0tgo/is_bitcoin_farm_going_to_be_illrelevant_upcoming/ie4ayco/', "Who knows?\n\nIt was nerfed to tone down the cash flow in the economy. I miss my 1.8m Roubles a day, but I love that it's far more balanced to better fit the tone of the game. Besides, what kind of PMC mines crypto anyways? Might as well have an NFT theft farm too lmao.\n\nI do miss 3 bitties a day though.", 'vn0tgo'], ['u/Byyzmo', 45, '2022-06-29 01:33', 'https://www.reddit.com/r/EscapefromTarkov/comments/vn0tgo/is_bitcoin_farm_going_to_be_illrelevant_upcoming/ie4cdzm/', 'If graphics stay in the 150/200k and given all the extra money you need to invest in it. And the time to get the investment back. \n\nFull bitcoin farm is only worth to lvl2. \n\nAfter that, it’s just for completion sake. \n\nBitcoin is in a bear market right now, prices will stay low for another year or so, and since I game bitcoin is connected to the irl one. There’s that.', 'vn0tgo'], ['u/malapropter', 25, '2022-06-29 01:46', 'https://www.reddit.com/r/EscapefromTarkov/comments/vn0tgo/is_bitcoin_farm_going_to_be_illrelevant_upcoming/ie4dylo/', '>Bitcoin is in a bear market right now, prices will stay low for another year or so\n\nlmfao', 'vn0tgo'], ['u/Byyzmo', 12, '2022-06-29 01:52', 'https://www.reddit.com/r/EscapefromTarkov/comments/vn0tgo/is_bitcoin_farm_going_to_be_illrelevant_upcoming/ie4er3e/', 'Pun was unintended, but now I see how well put it was. \n\nI maintain my stand on this one and take due credits. Lol', 'vn0tgo'], ['u/digitalpacman', 41, '2022-06-29 01:54', 'https://www.reddit.com/r/EscapefromTarkov/comments/vn0tgo/is_bitcoin_farm_going_to_be_illrelevant_upcoming/ie4f2hy/', 'Cost of cards has always reflected the cost of coin. However. The hideout upgrade costs are absolutely insane', 'vn0tgo'], ['u/floatingcolours', 30, '2022-06-29 03:05', 'https://www.reddit.com/r/EscapefromTarkov/comments/vn0tgo/is_bitcoin_farm_going_to_be_illrelevant_upcoming/ie4nxb5/', 'not sure if he was laughing at the pun or the crypto bro crystal ball market projection', 'vn0tgo'], ['u/cumquistador6969', 43, '2022-06-29 03:19', 'https://www.reddit.com/r/EscapefromTarkov/comments/vn0tgo/is_bitcoin_farm_going_to_be_illrelevant_upcoming/ie4pncu/', 'I really wish they would ditch the gimmick and just peg it to whatever they feel is balanced, or random noise within some balanced range.', 'vn0tgo'], ['u/bagobonez2', 19, '2022-06-29 04:31', 'https://www.reddit.com/r/EscapefromTarkov/comments/vn0tgo/is_bitcoin_farm_going_to_be_illrelevant_upcoming/ie4yhox/', "Yeah level 3 farm isn't worth it unless coin pr... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["Don't miss CoinDesk's Consensus 2022 , the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12. Grayscale Investments’ application to convert its $13.5 billion Grayscale Bitcoin Trust (GBTC) into a spot-based bitcoin exchange-traded fund (ETF) was denied by the Securities and Exchange Commission on Wednesday despite the company’s extensive efforts to win approval. Grayscale is owned by Digital Currency Group, which is also the parent company of CoinDesk. The SEC stated in its decision that the application failed to answer the SEC's questions about preventing market manipulation, as well as other concerns. The decision joins the SEC’s rejection on Wednesday of Bitwise’s application for approval of a spot bitcoin ETF, which is comprised of bitcoin or assets related to bitcoin's price. Like Bitwise, Grayscale initially filed its application in October but the decision was delayed multiple times as the SEC requested additional information and comment from the public. The final deadline for the SEC to render a decision on Grayscale’s application was July 6. Proponents of a spot bitcoin ETF approval have argued the product would offer a low-cost and easily accessible way for individuals and institutions to invest in bitcoin. Optimism about an approval began to grow following the approval of several bitcoin futures-based ETFs last fall, and then that of two more futures ETF approvals earlier this year based on the Securities Exchange Act of 1934 , the same act under which spot bitcoin ETFs have been filed. For its part, Grayscale has argued forcefully that it is inconsistent to approve an ETF based on bitcoin futures but not allow one based on the underlying investment. Some of its efforts have included marketing to urge members of the public to voice their support to the SEC, a May meeting with the SEC and the strengthening of its legal team with the addition of Donald B. Verrilli Jr. , who previously served as a solicitor general in the Obama administration. The denial comes as a blow not only to Grayscale, but for the broader crypto industry after a long campaign in hopes of proving to the SEC the product contained sufficient investor protections. Few analysts and observers were anticipating an approval , however, noting that SEC Chair Gary Gensler has been consistent in wanting to see more oversight of crypto exchanges before approving a spot bitcoin ETF. Investors and crypto observers will now turn their focus to what Grayscale can and will do now to win approval for a conversion. CEO Michael Sonnenshein said on June 27 the company will be “preparing for all possible post-ruling scenarios.” And on that same date, Grayscale said it would be working with market makers Jane Street and Virtu Financial to help convert GBTC into an ETF if its application was approved. GBTC was trading at an approximate 29% discount to net asset value ahead of the denial, down from 34% a week prior. View comments", "Don't miss CoinDesk'sConsensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12.\nGrayscale Investments’ application to convert its $13.5 billion Grayscale Bitcoin Trust (GBTC) into a spot-based bitcoin exchange-traded fund (ETF) was denied by the Securities and Exchange Commission on Wednesday despite the company’s extensive efforts to win approval.\nGrayscale is owned by Digital Currency Group, which is also the parent company of CoinDesk.\nThe SEC stated in itsdecisionthat the application failed to answer the SEC's questions about preventing market manipulation, as well as other concerns.\nThe decision joins the SEC’srejectionon Wednesday of Bitwise’s application for approval of a spot bitcoin ETF, which is comprised of bitcoin or assets related to bitcoin's price.\nLike Bitwise, Grayscale initiallyfiled its application in Octoberbut the decision was delayed multiple times as the SEC requested additional information and comment from the public. The final deadline for the SEC to render a decision on Grayscale’s application was July 6.\nProponents of a spot bitcoin ETF approval have argued the product would offer a low-cost and easily accessible way for individuals and institutions to invest in bitcoin. Optimism about an approval began to grow following the approval of several bitcoin futures-based ETFs last fall, and then that of two more futures ETF approvals earlier this yearbased on the Securities Exchange Act of 1934, the same act under which spot bitcoin ETFs have been filed.\nFor its part, Grayscale has argued forcefully that it is inconsistent to approve an ETF based on bitcoin futures but not allow one based on the underlying investment.\nSome of its efforts have included marketing to urge members of the public to voice their support to the SEC, aMay meetingwith the SEC and the strengthening of its legal team with theaddition of Donald B. Verrilli Jr., who previously served as a solicitor general in the Obama administration.\nThe denial comes as a blow not only to Grayscale, but for the broader crypto industry after a long campaign in hopes of proving to the SEC the product contained sufficient investor protections.\nFew analysts and observerswere anticipating an approval, however, noting that SEC Chair Gary Gensler has been consistent in wanting to see more oversight of crypto exchanges before approving a spot bitcoin ETF.\nInvestors and crypto observers will now turn their focus to what Grayscale can and will do now to win approval for a conversion. CEO Michael Sonnensheinsaid on June 27the company will be “preparing for all possible post-ruling scenarios.” And on that same date, Grayscale said it would beworking with market makers Jane Street and Virtu Financialto help convert GBTC into an ETF if its application was approved.\nGBTC was trading at an approximate 29% discount to net asset value ahead of the denial, down from 34% a week prior.", "Don't miss CoinDesk'sConsensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12.\nGrayscale Investments’ application to convert its $13.5 billion Grayscale Bitcoin Trust (GBTC) into a spot-based bitcoin exchange-traded fund (ETF) was denied by the Securities and Exchange Commission on Wednesday despite the company’s extensive efforts to win approval.\nGrayscale is owned by Digital Currency Group, which is also the parent company of CoinDesk.\nThe SEC stated in itsdecisionthat the application failed to answer the SEC's questions about preventing market manipulation, as well as other concerns.\nThe decision joins the SEC’srejectionon Wednesday of Bitwise’s application for approval of a spot bitcoin ETF, which is comprised of bitcoin or assets related to bitcoin's price.\nLike Bitwise, Grayscale initiallyfiled its application in Octoberbut the decision was delayed multiple times as the SEC requested additional information and comment from the public. The final deadline for the SEC to render a decision on Grayscale’s application was July 6.\nProponents of a spot bitcoin ETF approval have argued the product would offer a low-cost and easily accessible way for individuals and institutions to invest in bitcoin. Optimism about an approval began to grow following the approval of several bitcoin futures-based ETFs last fall, and then that of two more futures ETF approvals earlier this yearbased on the Securities Exchange Act of 1934, the same act under which spot bitcoin ETFs have been filed.\nFor its part, Grayscale has argued forcefully that it is inconsistent to approve an ETF based on bitcoin futures but not allow one based on the underlying investment.\nSome of its efforts have included marketing to urge members of the public to voice their support to the SEC, aMay meetingwith the SEC and the strengthening of its legal team with theaddition of Donald B. Verrilli Jr., who previously served as a solicitor general in the Obama administration.\nThe denial comes as a blow not only to Grayscale, but for the broader crypto industry after a long campaign in hopes of proving to the SEC the product contained sufficient investor protections.\nFew analysts and observerswere anticipating an approval, however, noting that SEC Chair Gary Gensler has been consistent in wanting to see more oversight of crypto exchanges before approving a spot bitcoin ETF.\nInvestors and crypto observers will now turn their focus to what Grayscale can and will do now to win approval for a conversion. CEO Michael Sonnensheinsaid on June 27the company will be “preparing for all possible post-ruling scenarios.” And on that same date, Grayscale said it would beworking with market makers Jane Street and Virtu Financialto help convert GBTC into an ETF if its application was approved.\nGBTC was trading at an approximate 29% discount to net asset value ahead of the denial, down from 34% a week prior.", 'Key Insights: It was a mixed session for the crypto to ten. Dogecoin (DOGE) rallied by 5.25% to buck the trend while Ethereum (ETH) and Solana (SOL) struggled. Bitcoin and the broader crypto market tracked the NASDAQ 100 through the US session. A late pullback left the crypto market with heavier losses. The total crypto market cap fell for a fourth consecutive day. An $11 billion decline left the market cap at $875 billion. It was a mixed Wednesday for the crypto market. Bitcoin ( BTC ) fell for a fourth consecutive day, with Ethereum ( ETH ) and Solana ( SOL ) struggling. Crypto market news delivered Dogecoin ( DOGE ) with support, however. Through the US session, the NASDAQ 100 led the broader crypto market into the red. However, Bitcoin and the pack failed to track a late NASAQ 100 recovery to limit the losses on the day. Total Market Cap – NASDAQ – 300622 15 Min Chart The NASDAQ 100 slipped by 0.03%, recovering a 0.70% loss from earlier in the session. For H12022, the NASDAQ 100 faces the prospect of its worst first-half yearly loss on record. Disappointing US GDP nu Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-06-30 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $382,378,981,500 - Hash Rate: 251359920.5600925 - Transaction Count: 271213.0 - Unique Addresses: 699397.0 Social & AI Sentiment: - Fear & Greed Index: 0.11 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Chinese crypto mining rig maker Canaan booked robust revenue growth in Q1 2022 despite logistical issues and supply chains disruptions from the pandemic, the company said on Thursday. See related article:SEC places Chinese crypto mining rig maker Canaan on pre-delisting list • Canaan recorded 1.36 billion yuan (US$214 million) in revenue in the first quarter, up 236.7% year-on-year, the Nasdaq-listed company said in its latestearnings report. • Its net income expanded to 441.6 million yuan from 1.2 million yuan in the same period last year. • There was a suspension of delivery logistics in March due to Covid-19 control measures, but Canaan has since resumed usual production and delivery, the rig producer said. • Earlier this month, the U.S. Securities and Exchange Commissionplaced Canaan on a pre-delisting listfor using an auditor whose working papers cannot be inspected or investigated completely by the Public Company Accounting Oversight Board. • Canaan announced in March a plan to buy back up to US$100 million worth of shares over the next two years. • As of the end of March, Canaan repurchased shares worth US$20 million from its previous buyback program approved in September. See related article:China banned Bitcoin mining and became world’s No.2 Bitcoin miner... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['• It was a bearish session for the crypto to ten, with Dogecoin (DOGE) and Ethereum (ETH) leading the way down.\n• Risk aversion swept across the global financial markets, with the crypto market closely tracking the NASDAQ 100 throughout the US session.\n• The total crypto market cap fell for a fifth consecutive day. A $9 billion fall left the market cap down by $428 billion for June.\nIt was a bearish end to the month for thecryptomarket. Bitcoin (BTC) extended its losing streak to five sessions, with Ethereum (ETH) and Dogecoin (DOGE) seeing heavy losses.\nThrough the US session, the NASDAQ 100 led the broader crypto market into the deep red.\nThe NASDAQ 100 fell by 1.33% to end June with an 8.7% loss. Bitcoin ended June down by 37%.\nRecession fears and market sentiment towards Fed monetary policy continued to weigh on riskier assets.\nUS economic data added to the market angst, with inflation pressures showing no signs of abating and personal spending lackluster.\nA bearish session saw the total crypto market cap slide from an early high of $878.9 billion to a low of $816.2 billion before a late rally.\n$9 billion came off the table, leaving the market cap down $428 billion for June.\nThe total market cap was down by more than $40 billion before a final hour rally reduced the deficit.\nOn Thursday,DOGEandETHled the way down, with losses of 4.62% and 2.64%, respectively.\nBTC (-0.93%),ADA(-1.29%), andSOL(-0.83%) also saw red, whileBNB(+0.14%) andXRP(+0.97%) saw modest gains.\nFrom theCoinMarketCaptop 100, Algorand (ALGO), AMP (AMP), and The Sandbox (SAND) were other notables on the rise.\nAMP led the way, surging by 20%.\n24-hour liquidations reflected investor sentiment on Thursday.\nThis morning, 24-hour liquidations stood at $248 million, up from Thursday morning, when liquidations had stood at $154 million.\nLiquidated traders over the last 24 hours also rose. At the time of writing, liquidated traders stood at 83,723 versus 58,096 on Thursday morning.\nHowever, One-hour liquidations eased in the final hour, aligned with a late crypto rally.\nAccording toCoinglass, one-hour liquidations stood at $3.14 million. On Thursday, one-hour liquidations had stood at $13 million. A further decline to sub-$1 million would support a bullish session.\n• CoinbaseallowedUS Federal Agency ICE to access “Geo Tracking Data.”\n• Polkadot founder Gavin Woodannounceda new blockchain governance model.\n• OpenSeareporteda major data breach.\n• Jacobi Asset Managementannouncedthe launch of the first European bitcoin ETF.\n• Microstrategyboughtthe bitcoin dip, buying $10 million in bitcoin.\n• EU parliamentannouncedan agreement on anti-money laundering regulations for cryptos.\nThisarticlewas originally posted on FX Empire\n• In Hong Kong, Xi says ‘one country, two systems’ is here to stay\n• Julius Baer settles Lithuanian-linked case for 105 million eur\n• Apple hikes Japan price of iPhone by nearly a fifth\n• In age-old ritual, Mexican mayor weds alligator to secure abundance\n• Enforcer of Hong Kong security law sworn in as city’s new leader\n• Missiles kill 17 near Odesa after Ukraine retakes Snake Island', '• It was a bearish session for the crypto to ten, with Dogecoin (DOGE) and Ethereum (ETH) leading the way down.\n• Risk aversion swept across the global financial markets, with the crypto market closely tracking the NASDAQ 100 throughout the US session.\n• The total crypto market cap fell for a fifth consecutive day. A $9 billion fall left the market cap down by $428 billion for June.\nIt was a bearish end to the month for thecryptomarket. Bitcoin (BTC) extended its losing streak to five sessions, with Ethereum (ETH) and Dogecoin (DOGE) seeing heavy losses.\nThrough the US session, the NASDAQ 100 led the broader crypto market into the deep red.\nThe NASDAQ 100 fell by 1.33% to end June with an 8.7% loss. Bitcoin ended June down by 37%.\nRecession fears and market sentiment towards Fed monetary policy continued to weigh on riskier assets.\nUS economic data added to the market angst, with inflation pressures showing no signs of abating and personal spending lackluster.\nA bearish session saw the total crypto market cap slide from an early high of $878.9 billion to a low of $816.2 billion before a late rally.\n$9 billion came off the table, leaving the market cap down $428 billion for June.\nThe total market cap was down by more than $40 billion before a final hour rally reduced the deficit.\nOn Thursday,DOGEandETHled the way down, with losses of 4.62% and 2.64%, respectively.\nBTC (-0.93%),ADA(-1.29%), andSOL(-0.83%) also saw red, whileBNB(+0.14%) andXRP(+0.97%) saw modest gains.\nFrom theCoinMarketCaptop 100, Algorand (ALGO), AMP (AMP), and The Sandbox (SAND) were other notables on the rise.\nAMP led the way, surging by 20%.\n24-hour liquidations reflected investor sentiment on Thursday.\nThis morning, 24-hour liquidations stood at $248 million, up from Thursday morning, when liquidations had stood at $154 million.\nLiquidated traders over the last 24 hours also rose. At the time of writing, liquidated traders stood at 83,723 versus 58,096 on Thursday morning.\nHowever, One-hour liquidations eased in the final hour, aligned with a late crypto rally.\nAccording toCoinglass, one-hour liquidations stood at $3.14 million. On Thursday, one-hour liquidations had stood at $13 million. A further decline to sub-$1 million would support a bullish session.\n• CoinbaseallowedUS Federal Agency ICE to access “Geo Tracking Data.”\n• Polkadot founder Gavin Woodannounceda new blockchain governance model.\n• OpenSeareporteda major data breach.\n• Jacobi Asset Managementannouncedthe launch of the first European bitcoin ETF.\n• Microstrategyboughtthe bitcoin dip, buying $10 million in bitcoin.\n• EU parliamentannouncedan agreement on anti-money laundering regulations for cryptos.\nThisarticlewas originally posted on FX Empire\n• In Hong Kong, Xi says ‘one country, two systems’ is here to stay\n• Julius Baer settles Lithuanian-linked case for 105 million eur\n• Apple hikes Japan price of iPhone by nearly a fifth\n• In age-old ritual, Mexican mayor weds alligator to secure abundance\n• Enforcer of Hong Kong security law sworn in as city’s new leader\n• Missiles kill 17 near Odesa after Ukraine retakes Snake Island', 'Key Insights: It was a bearish session for the crypto to ten, with Dogecoin (DOGE) and Ethereum (ETH) leading the way down. Risk aversion swept across the global financial markets, with the crypto market closely tracking the NASDAQ 100 throughout the US session. The total crypto market cap fell for a fifth consecutive day. A $9 billion fall left the market cap down by $428 billion for June. It was a bearish end to the month for the crypto market. Bitcoin ( BTC ) extended its losing streak to five sessions, with Ethereum ( ETH ) and Dogecoin ( DOGE ) seeing heavy losses. Through the US session, the NASDAQ 100 led the broader crypto market into the deep red. The NASDAQ 100 fell by 1.33% to end June with an 8.7% loss. Bitcoin ended June down by 37%. Recession fears and market sentiment towards Fed monetary policy continued to weigh on riskier assets. US economic data added to the market angst, with inflation pressures showing no signs of abating and personal spending lackluster. Total Market Cap – NASDAQ – 010722 5 Min Chart The Total Crypto Market Cap Falls for a Fifth Consecutive Day A bearish session saw the total crypto market cap slide from an early high of $878.9 billion to a low of $816.2 billion before a late rally. $9 billion came off the table, leaving the market cap down $428 billion for June. The total market cap was down by more than $40 billion before a final hour rally reduced the deficit. Total Market Cap 010722 Daily Chart The Crypto Market Movers and Shakers from the Top Ten and Beyond On Thursday, DOGE and ETH led the way down, with losses of 4.62% and 2.64%, respectively. BTC (-0.93%), ADA (-1.29%), and SOL (-0.83%) also saw red, while BNB (+0.14%) and XRP (+0.97%) saw modest gains. From the CoinMarketCap top 100, Algorand ( ALGO ), AMP ( AMP ), and The Sandbox ( SAND ) were other notables on the rise. AMP led the way, surging by 20%. Total Crypto Liquidations Reflect the Bearish Market Sentiment 24-hour liquidations reflected investor sentiment on Thursday. This morning, 24-hour liquidations stood at $248 million, up from Thursday morning, when liquidations had stood at $154 million. Story continues Liquidated traders over the last 24 hours also rose. At the time of writing, liquidated traders stood at 83,723 versus 58,096 on Thursday morning. However, One-hour liquidations eased in the final hour, aligned with a late crypto rally. Total Market Cap 010722 Hourly Chart According to Coinglass , one-hour liquidations stood at $3.14 million. On Thursday, one-hour liquidations had stood at $13 million. A further decline to sub-$1 million would support a bullish session. Total Crypto Liquidations 010722 Daily News Highlights Coinbase allowed US Federal Agency ICE to access “Geo Tracking Data.” Polkadot founder Gavin Wood announced a new blockchain governance model. OpenSea reported a major data breach. Jacobi Asset Management announced the launch of the first European bitcoin ETF. Microstrategy bought the bitcoin dip, buying $10 million in bitcoin. EU parliament announced an agreement on anti-money laundering regulations for cryptos. This article was originally posted on FX Empire More From FXEMPIRE: In Hong Kong, Xi says ‘one country, two systems’ is here to stay Julius Baer settles Lithuanian-linked case for 105 million eur Apple hikes Japan price of iPhone by nearly a fifth In age-old ritual, Mexican mayor weds alligator to secure abundance Enforcer of Hong Kong security law sworn in as city’s new leader Missiles kill 17 near Odesa after Ukraine retakes Snake Island', "Don't miss CoinDesk'sConsensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12.\nInvestmen Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-07-01 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $368,307,713,562 - Hash Rate: 196972101.49153444 - Transaction Count: 271874.0 - Unique Addresses: 714094.0 Social & AI Sentiment: - Fear & Greed Index: 0.11 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: • Stocks fell Thursday, with the S&P 500 moving closer to a bear market. • Weekly jobless claims rose by 21,000 to 21,8000, the highest level since January. • Oil prices were lower and yields fell. Stocks fell Thursday, adding to steep losses as economic growth concerns were underscored by a rise in weekly jobless, leaving investors to keep watch on S&P 500 as it moved closer to bear market territory. The S&P 500 was looking at a second day of losses following the release of US labor market data. Weekly jobless claims rose by 21,000 to 218,000, with the highest figure since January at hinting at some weakness in the job market. The state of the retail sector was also on the minds of investors after Kohl's slashed its full-year outlook. The S&P 500 was moving closer to a bear market. A decline to 3834.83 would mark at 20% drop from its all-time high of 4,818.62 that it logged in early January. Here's where US indexes stood at 9:30 a.m. on Thursday: • S&P 500:3,893.03, down 0.78% • Dow Jones Industrial Average:31,159.38, down 1.05% (330.69 points) • Nasdaq Composite:11,384.60, down 0.4% Around the markets, Cathie Wood says it's 'ridiculous' thatTeslagotbooted out of the S&P 500's ESG index. The crash of TerraUSD will be followed by more cryptocurrency failures,warned SEC chief Gary Gensler. Oil prices fell.West Texas Intermediate crudelost 3.9% to $105.30 per barrel.Brent crude,the international benchmark, gained 2.9% to $105.91. Goldgained 1.2% to $1,837.50 per ounce. The10-year yielddropped 11 basis points to 2.78%. Bitcoinrose 1.1% to $29,536.81. Read the original article onBusiness Insider... - Reddit Posts (Sample): [['u/thefiexpl', 'Falling Stars \| Monthly FIRE Portfolio Update \| June 2022', 40, '2022-07-01 00:10', 'https://www.reddit.com/r/fiaustralia/comments/vokdwn/falling_stars_monthly_fire_portfolio_update_june/', 'Begin doing what you want to do now. We are not living in eternity. We have only this moment, sparkling like a star in our hand and melting like a snowflake.\n\n-Sir Francis Bacon\n\nThis is my sixty-seventh monthly portfolio update. I complete this regular update to check progress against my goal.\n\nPortfolio goal\n\nMy objective is to maintain a portfolio of at least $2,620,000 through 2022. This should be capable of producing an annual income from total portfolio returns of about $91,600 (in 2022 dollars).\n\nThis portfolio objective is based on an assumed safe withdrawal rate of 3.5 per cent.\n\nA secondary focus through 2022 will be achieving the minimum equity target of $2,100,000.\n\nPortfolio summary\n\n* Vanguard Lifestrategy High Growth Fund\t$722,974\n\n* Vanguard Lifestrategy Growth Fund\t$38,832\n\n* Vanguard Lifestrategy Balanced Fund\t$70,238\n\n* Vanguard Diversified Bonds Fund\t$88,101\n\n* Vanguard Australian Shares ETF (VAS)\t$345,217\n\n* Vanguard International Shares ETF (VGS)\t$318,198\n\n* Betashares Australia 200 ETF (A200)\t$262,967\n\n* Telstra shares (TLS)\t$2,052\n\n* Insurance Australia Group shares (IAG)\t$5,524\n\n* NIB Holdings shares (NHF)\t$8,856\n\n* Gold ETF (GOLD.ASX)\t$119,070\n\n* Secured physical gold\t$18,961\n\n* Plenti (P2P lending)\t$12\n\n* Bitcoin\t$313,070\n\n* Raiz app (Aggressive portfolio)\t$18,915\n\n* Spaceship Voyager app (Index portfolio)\t$3,110\n\n* BrickX (P2P rental real estate)\t$4,719\n\n* Total portfolio value\t$2,340,816 (-$281,221)\n\nAsset allocation\n\n* Australian shares\t39.6%\n\n* Global shares\t28.1%\n\n* Emerging market shares\t1.7%\n\n* International small companies\t2.1%\n\n* Total international shares\t32.0%\n\n* Total shares\t71.6% (-8.4%)\n\n* Total property securities\t0.2% (+0.2%)\n\n* Australian bonds\t2.7%\n\n* International bonds\t6.2%\n\n* Total bonds\t8.9% (+3.9%)\n\n* Gold\t5.9%\n\n* Bitcoin\t13.4%\n\n* Gold and alternatives\t19.3% (+4.3%)\n\nPresented visually, the chart below is a high-level view of the current asset allocation of the portfolio.\n\n[Chart]\n\nComments\n\nThis month has seen the third largest decline in the portfolio since this record began in 2017 – with a loss in total value of over $281,000.\n\nThese falls follow two previous consecutive monthly losses, marking an unprecedented period of continuous losses extending since April.\n\nOverall, the portfolio lost 10.7 per cent of its starting value in the past month. This has drawn it back to levels last seen in early 2021.\n\nThe portfolio has consequently fallen below the revised portfolio goal of $2.62 million at the end of the month, meaning the notional option to cease paid work has evaporated quickly, and perhaps for some time.\n\n[Chart]\n\nJust over one-third of the losses this month occurred in the traditional assets of equities, with some additional losses in fixed interest. A little less than two-thirds of the monthly fall in value is a function of some major price falls in the Bitcoin portfolio (of around 36 per cent).\n\nAustralian equities were one of the areas of most substantial losses, with falls of around 8.5 per cent. By comparison, international equities (and particularly US equities on an unhedged basis) fell around 5.0 per cent.\n\nBonds continued to perform poorly, losing around 2.7 per cent, while gold holdings slightly increased in value (around 2 per cent).\n\n[Chart]\n\nThe portfolio losses this month reflect ongoing global pessimism around the capacity of major developed and emerging economies to curb strong inflationary pressures without inducing a slow down or recession in the real economy – with consequent adverse impacts on asset markets.\n\nPolicymakers are increasingly recognising that the set of tools available to them at this point in an unusual type of economic cycle are ill-suited to addressing the challenges of supply chain disruption and potential wage-cost inflation spirals.\n\nSome advanced economies remain firmly in the mode of monetary expansion, while other monetary authorities are enacting or inducing substantial tightenings of credit conditions.\n\nExpected higher inflation and interest rates have impacted on equity markets, and might be expected to continue to present problems from here, unless a clearer path to more stable price levels becomes apparent. Rising nominal corporate debt costs also signal potential future sources of instability, or unpleasant periods (video) ahead.\n\nDespite recent sharp falls in Australian equities bringing the medium-term objective of reaching an equal allocation of Australian and international equities closer, domestic equities still make up 55 per cent of total equities.\n\nIn other words, large falls in Australian equities this month have ironically slightly assisted in moving closer to the asset allocation target. To further support this, investments this month have continued to be focused on the Vanguard international shares ETF (VGS).\n\nTracking the positions – updating quarterly and half-year distributions\nThe end of June provides an opportunity to look forward to the crystallisation of two quarters of portfolio distributions, based on projections and early guidance, and set up a later comparison of distributions payments against previous expectations.\n\nIn early July second quarter distributions will be finalised and paid.\n\nUsing the history of average payouts on a ‘cents per unit’ basis for the Vanguard retail funds, it is possible to forecast what an average set of distributions could look, and compare these to past years. In the case of the three exchange traded funds (VAS, VGS and A200), these have just released draft guidance on estimated distributions in the past week.\n\nThe chart below sets out estimated second quarter (i.e. April-June) distributions, based on the above published distribution estimates and past averages.\n\n[Chart]\n\nSo far, second quarter distributions are about $13,000 higher than were expected in April due to higher than average distributions from Australian equity ETFs (A200 and VAS). As a result, this quarter total portfolio distributions are expected to be around $66,000.\n\nA major sensitivity in the final overall result will be the eventual level of the Vanguard High Growth Fund retail fund distributions – as this is forecast to constitute over 60 per cent of the final second quarter payments.\n\nThe actual payouts from this fund will be influenced by capital gains distributions – in part arising from investors’ investments or redemptions this quarter – and so is variable.\n\nTo the extent that the Vanguard High Growth retail fund has an exposure to indexed Australian equities similar to the A200 and VAS exchange traded funds, actual distributions from it may turn out to be higher than the estimates made here.\n\nThe completion of the first quarter, and these second quarter projections, allow an updated glimpse of possible first half-year (i.e. 1 January to 30 June 2022) distributions.\n\nThe chart below sets out current estimates for this period in 2022 compared to historical levels.\n\n[Chart]\n\nFrom this it can be seen that half-year distributions of around $78,000 are expected, again above prior estimates in April.\n\nAs with the second quarter distributions, the Vanguard High Growth retail fund plays an outsized role, representing on average around 50 per cent of expected distributions, so the actual payouts for this fund will be a major determinant of final results.\n\nChanging currents – tracking the level of portfolio distributions year by year\n\nA different perspective on the evolution of distributions through time can be obtained by looking at the trend in the level of distributions across each quarter on a consecutive yearly basis.\n\nThe chart below does this covering the period of this record. Prior to 2017, there were essentially no significant distributions in either the March or September quarters (Q1 or Q3), aside from irregular payouts from the Vanguard bond retail fund.\n\nThe orange hashed bar for the second quarter of 2022 reflects the unfinalised state of these distributions.\n\n[Chart]\n\nFrom this perspective, a few observations are possible:\n\n* There has been strong growth in March (Quarter 1) and September (Quarter 3) distributions, associated with increasing exposure to the exchange traded funds paying out in those periods\n\n* These March and September distributions have had smoother path of growth, potentially reflecting their lower capital gains components and the relatively greater tax efficiency of the ETF structure compared to the legacy Vanguard retail index funds\nJune distributions remain consistently the most significant, and also variable in absolute terms\n\n* Over the past five years, the ‘evenness’ of distributions through the year has improved, with $20,000 of distributions now occurring outside of the main June and December distributions.\n\nTrends in average distributions and expenses\n\nThis month average total expenses continued to rise from the lows of earlier this year.\n\nIn a change to past approaches, I have updated the method of estimating the moving average of distributions. This has changed the apparent direction of the blue line denoting distributions over the past several months. The way of calculating red line of total expenses remains unchanged.\n\nLast month the blue line of the distributions estimate was pointing down. Mathematically, this is because some ‘holding’ estimates I had placed in there for the first half of this year represented essentially out of date projections based on either past averages of the relevant half-years, or annual estimates divided into monthly sub-totals.\n\nWith more data and furth... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Key Insights: Trading, deposits, and withdrawals were halted at 14:00 EDT on July 1. The company blames a loan default by crypto hedge fund Three Arrows Capital. Voyager is the latest to suspend withdrawals, citing current market turmoil. On July 1, Voyager Digital announced that it suspended trading, deposits, withdrawals, and loyalty rewards, effective at 14:00 EDT. It has become the latest major crypto firm to suffer due to extreme market conditions. Stephen Ehrlich, CEO of the crypto lending company, said, \x93This was a tremendously difficult decision, but we believe it is the right one given current market conditions,\x94 He added that the move gives the firm additional time to \x93continue exploring strategic alternatives with various interested parties\x94 while preserving the platform\x92s value. 3AC Default to Blame The company had previously stated that its subsidiary, Voyager Digital LLC, issued a notice of default to Three Arrows Capital (also known as 3AC) on June 29 for failure to repay loans. Singapore-based 3AC, one of the industry\x92s largest crypto-focused hedge funds, had borrowed 15,250 BTC and $350 million USDC from Voyager. Voyager stated it was \x93actively pursuing all available remedies for recovery from 3AC, including through the court-ordered liquidation process in the British Virgin Islands.\x94 Voyager is actively pursuing all available remedies for recovery from 3AC, including through the court-ordered liquidation process in the British Virgin Islands. \x97 Stephen Ehrlich (@Ehrls15) July 1, 2022 The company has tapped Moelis & Company and The Consello Group as financial advisors, and Kirkland & Ellis LLP as legal advisors. Voyager also provided several financial and balance sheet updates, in accordance with Canadian Securities Laws. On June 22, Voyager announced that it had entered into a loan agreement with Alameda Ventures to alleviate some of its exposure to 3AC. The \x93definitive agreement\x94 with Alameda involved a \x93revolver\x94 of $200 million in cash and USDC and a 15,000 BTC loan. Story continues Alameda indirectly holds more than 22 million common shares of Voyager, representing around 11.56% of the outstanding Common and Variable Voting Shares. Voyager share (VYGVF) prices plunged as much as 40% on Friday after the trading suspension announcement. On June 30, the Monetary Authority of Singapore (MAS) reprimanded Three Arrows Capital for providing false information and exceeding the assets under management (AUM) threshold. Voyager Digital joins the likes of Celsius and CoinFLEX , which have also halted withdrawals for their customers amid the current market turmoil. Crypto Markets Still Sliding The bad news keeps flowing in the crypto industry, resulting in rock bottom market sentiment. The total crypto market capitalization has retreated a further 4% over the past 24 hours, falling to just over $900 billion. Over the past month, crypto markets have lost 34%, or $467 billion, and are currently down 70% from peak levels last November. Bitcoin ( BTC ) was struggling at $19,274, and Ethereum ( ETH ) had lost more than 4% in a fall to $1,057 at the time of writing. It is unlikely that there will be any return of positive sentiment or price action until all of this leverage is finally flushed out of crypto markets. This article was originally posted on FX Empire More From FXEMPIRE: Texas, Ohio top courts allow abortion bans to take effect Russian missile strikes near Ukraine\x92s Odesa kill 21 Crypto Market Daily Highlights \x96 ADA, BTC, ETH, and SOL Extend Losses New York bans guns in many public places after Supreme Court ruling Hamburg senator warns of hot water rationing if gas shortage becomes acute Mexico\x92s environment ministry denies permit for Audi solar plant', '• Trading, deposits, and withdrawals were halted at 14:00 EDT on July 1.\n• The company blames a loan default by crypto hedge fund Three Arrows Capital.\n• Voyager is the latest to suspend withdrawals, citing current market turmoil.\nOn July 1, Voyager Digital announced that it suspended trading, deposits, withdrawals, and loyalty rewards, effective at 14:00 EDT. It has become the latest major crypto firm to suffer due to extreme market conditions.\nStephen Ehrlich, CEO of the crypto lending company, said, “This was a tremendously difficult decision, but we believe it is the right one given current market conditions,”\nHeaddedthat the move gives the firm additional time to “continue exploring strategic alternatives with various interested parties” while preserving the platform’s value.\nThe company had previously stated that its subsidiary, Voyager Digital LLC, issued a notice of default to Three Arrows Capital (also known as 3AC) on June 29 for failure to repay loans.\nSingapore-based 3AC, one of the industry’s largest crypto-focused hedge funds, had borrowed 15,250 BTC and $350 million USDC from Voyager.\nVoyager stated it was “actively pursuing all available remedies for recovery from 3AC, including through the court-ordered liquidation process in the British Virgin Islands.”\nThe company has tapped Moelis & Company and The Consello Group as financial advisors, and Kirkland & Ellis LLP as legal advisors. Voyager also provided several financial and balance sheet updates, in accordance with Canadian Securities Laws.\nOn June 22, Voyagerannouncedthat it had entered into a loan agreement with Alameda Ventures to alleviate some of its exposure to 3AC. The “definitive agreement” with Alameda involved a “revolver” of $200 million in cash and USDC and a 15,000 BTC loan.\nAlameda indirectly holds more than 22 million common shares of Voyager, representing around 11.56% of the outstanding Common and Variable Voting Shares.Voyager share (VYGVF) pricesplunged as much as 40% on Friday after the trading suspension announcement.\nOn June 30, the Monetary Authority of Singapore (MAS)reprimandedThree Arrows Capital for providing false information and exceeding the assets under management (AUM) threshold.\nVoyager Digital joins the likes ofCelsiusandCoinFLEX, which have also halted withdrawals for their customers amid the current market turmoil.\nThe bad news keeps flowing in the crypto industry, resulting in rock bottom market sentiment. The total crypto market capitalization has retreated a further 4% over the past 24 hours, falling to just over $900 billion.\nOver the past month, crypto markets have lost 34%, or $467 billion, and are currently down 70% from peak levels last November.\nBitcoin (BTC) was struggling at $19,274, and Ethereum (ETH) had lost more than 4% in a fall to $1,057 at the time of writing.\nIt is unlikely that there will be any return of positive sentiment or price action until all of this leverage is finally flushed out of crypto markets.\nThisarticlewas originally posted on FX Empire\n• Texas, Ohio top courts allow abortion bans to take effect\n• Russian missile strikes near Ukraine’s Odesa kill 21\n• Crypto Market Daily Highlights – ADA, BTC, ETH, and SOL Extend Losses\n• New York bans guns in many public places after Supreme Court ruling\n• Hamburg senator warns of hot water rationing if gas shortage becomes acute\n• Mexico’s environment ministry denies permit for Audi solar plant', 'Key Insights: It was a bearish Friday session for the crypto to ten, with Cardano (ADA), bitcoin (BTC), Ethereum (ETH), and Solana (SOL) extending their losing streaks to six sessions. The crypto market tracked the NASDAQ 100, which eked out a 0.90% gain, before a post-US close sell-off. The total crypto market cap fell for a sixth consecutive day. A $19.6 billion fall left the market cap at $846.2 billion. It was a bearish start to the month for the crypto market. Bitcoin ( BTC ) extended its losing streak to six sessions, with Cardano ( ADA ), Ethereum ( ETH ), and Solana ( SOL ) also seeing red for six consecutive days. While there were no catalysts to send the crypto market into the red, news of the EU agreeing to a comprehensive regulatory framework may have tested support. A bullish start to the Friday session was short-lived, with a choppy session in the US equity markets leaving the crypto market on the back foot. On Friday, the NASDAQ 100 rose by 0.90% to end the week down by 4.13%. Monday through Friday, bitcoin fell by 8.48%. A late Friday relief rally provided crypto support before a post-US market close sell-off. Fears of a recession and investor sentiment toward monetary policy continued to weigh. US economic data added to the bearish sentiment. In June, the ISM Manufacturing PMI fell from 56.1 to 53.0 versus a forecasted decline to 54.9. Total Market Cap – NASDAQ – 020722 5 Min Chart The Total Crypto Market Cap Falls for a Sixth Consecutive Day A choppy session saw the total crypto market cap rise to a high of $894.2 billion before sliding to a low of $835.1 billion. Finding support from the late NASDAQ rebound, the crypto market cap revisited $862 billion before hitting reverse. $19.6 billion came off the table to leave the market cap at $846.21 billion. Total Market Cap 020722 Daily Chart The Crypto Market Movers and Shakers from the Top Ten and Beyond On Friday, DOGE broke the top ten crypto trend, rising by 0.24%. However, it was a bearish session for the rest of the top ten. XRP slid by 5.72% to lead the way down, with BTC falling by 3.31%. Story continues ADA (-2.61%), BNB (-1.41%), ETH (-1.17%), and SOL (-2.71%) also struggled. From the CoinMarketCap top 100, Basic Attention Token ( BAT ), Curve DAO Token ( CRV ), Cosmos ( ATOM ), and Monero ( XMR ) also saw gains on the day. CRV led the way, rallying by 8.55%. Total Crypto Liquidations Reflect the Bearish Market Sentiment 24-hour liquidations reflected improving market conditions going into the weekend. This morning, 24-hour liquidations stood at $107 million, down from $248 million on Friday morning. Liquidated traders over the last 24 hours also declined. At the time of writing, liquidated traders stood at 36,758 versus 83,723 on Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-07-02 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $367,311,027,600 - Hash Rate: 202851865.7151624 - Transaction Count: 235096.0 - Unique Addresses: 614214.0 Social & AI Sentiment: - Fear & Greed Index: 0.14 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Don't miss CoinDesk'sConsensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12. Good morning. Here’s what’s happening: Prices:Bitcoin and other major cryptos take a late dive. Insights:Hong Kong is hardly laissez-faire when it comes to crypto. Technician's take:BTC's current price range remains intact after several weeks of negative returns. Catch the latest episodes ofCoinDesk TVfor insightful interviews with crypto industry leaders and analysis. Andsign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context. Bitcoin (BTC):$29,515 -5.3% Ether (ETH):$1,752 -6.5% [{"Asset": "Solana", "Ticker": "SOL", "Returns": "+2.2%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cardano", "Ticker": "ADA", "Returns": "+1.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Bitcoin", "Ticker": "BTC", "Returns": "+0.9%", "DACS Sector": "Currency"}] [{"Asset": "Internet Computer", "Ticker": "ICP", "Returns": "\u22124.6%", "DACS Sector": "Computing"}, {"Asset": "Polkadot", "Ticker": "DOT", "Returns": "\u22123.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Litecoin", "Ticker": "LTC", "Returns": "\u22123.3%", "DACS Sector": "Currency"}] S&P 500: 4,121 +0.3% DJIA: 32,915 +0.05% Nasdaq: 12,061 +0.4% Gold: $1,842 -0.5% Bitcoin and Other Cryptos Take a Late Dive Crypto investors were feeling more confident for much of Monday, sending Bitcoin over the $31,000 level for the first time in six days before the largest cryptocurrency by market capitalization took a late dive. Bitcoin was recently trading at about $29,500, down 5% over the past 24 hours. Ether, the second largest crypto by market cap, was changing hands at roughly $1,730, down about 6% over the same period. Other major altcoins that had risen significantly earlier in the day, including SOL and ADA were more in the red, as investors wrestled with the months-long flow of more troubling news. Still, a number of analysts said that Bitcoin was unlikely to take any deeper drops for the time being. "I think we may be putting in a bottom here with Bitcoin," Greg King, CEO and founder of crypto asset manager Osprey Funds, told CoinDesk's First Mover program. King noted that the presence of institutional investors has differentiated the latest price slump from previous crypto winters in 2013 and 2018 when bitcoin lost over 80% of its value. Bitcoin has currently dropped about 60% since hitting its all-time peak just short of $70,000 in November. "Institutional buyers are buying this dip and then don't forget the macro environment," King said, noting the four-decade high inflation rate in the U.S. "Zero yield assets such as gold and Bitcoin do very well" at these times, he added. Stocks rose slightly on Monday with the tech-focused Nasdaq and S&P 500 increasing about a half percentage point, as was the case for the Dow Jones Industrial Average. Gold, a traditional safe-haven asset, fell about a half-percentage point. Investors were buoyed by last week's job report that suggested the economy might not plunge into recession any time soon. Some analysts also believe that inflation has peaked, although markets will be nervously eyeing this Friday's consumer price index report, which is expected to show inflation remaining stubbornly above 8%, a four-decade high. Volatility continued to fade in crypto markets, while the fear and greed index ticked higher, although it is still registering squarely in extreme fear territory. Bitcoin has been trading in a tight range between $28,000 and $31,500 for the past month as investors wait for clearer signals about whether the economy will sink into recession or power through its current headwinds. King believes the increasing correlation between cryptos and stocks will reverse to some degree, calling it a "reflection of this kind of wild situation in macro markets where we have awful conditions and so it's more of a risk-on, risk-off type of mindset." "I personally think that crypto will emerge as – certainly things like Bitcoin – as a relative safe haven as we continue to chop through an uncertain macro environment and especially if rates continue to rise and equities continue to tank, but I don't think that a long term correlation makes a lot of sense," he said. Hong Kong Is Hardly Laissez-Faire When It Comes to Crypto Hong Kong’s political freedom has eroded thanks to Beijing, though its laissez-faire economics – which have won accolades from the likes of Cato and theHeritage Foundationas the "world’s freest economy" – are still in its DNA. For crypto, this isn’t the case. There are rules aplenty. The Hong Kong Securities and Futures Commission’s (SFC)issueda memo this week reminding investors about the inherent risks of non-fungible tokens (NFT). “As with other virtual assets, NFTs are exposed to heightened risks, including illiquid secondary markets, volatility, opaque pricing, hacking and fraud. Investors should be mindful of these risks, and if they cannot fully understand them and bear the potential losses, they should not invest in NFTs,” the SFC wrote. All of which is true. But the problem is this looks like the beginning of a regulatory push into the NFT market by the SFC, which currently says that most NFTs fall outside its regulatory remit. And when the SFC regulates crypto, it takes a heavy hand. This severity is ironic considering the accolades that Hong Kong has received by the likes of Koch Foundation-funded Cato, which advocates for less economic regulation. Consider the SFC’s prohibitionon non-accredited investors trading crypto at exchanges. If this were the case in the United States, Coinbase (COIN) wouldn’t have a business model; its total market would belimited tothe 13.6 million accredited investors in the country. For all the criticism the U.S. Securities and Exchange Commission has gotten about harming domestic innovation because of restrictive rules on crypto, banning non-accredited investors from trading crypto is something even SEC head Gary Gensler wouldn’t do. Then there are Hong Kong’s murky rules on crypto infrastructure. Stakeholders havepreviously complainedthat the rules spread across too many different agencies for things like custody.Some critics haveeven called it a “double standard.” The Hong Kong Monetary Authority, its central bank, onlyrecently greenlitcrypto companies to open bank accounts – provided they only interact with accredited investors. All this was too much for Sam Bankman-Fried and FTX.The crypto exchangethat once called Hong Kong home decamped for the Bahamas in September, citing Hong Kong’s hostility towards crypto and never-ending quarantine regime. For the world’s freest economy, there sure are a lot of heavy-handed rules regarding the future of finance. NFTs are likely to be next. Bitcoin Bounces Above $27K-$30K Support Zone; Resistance at $33K-$35K Bitcoin (BTC) experienced another relief bounce over the past 24 hours, similar to what occurred last weekend. The cryptocurrency is holdingsupportabove $27,000 and $30,000, which could keep short-term buyers active. BTC is up by 4% over the past 24 hours and is down by 1% over the past week. That suggests the current price range remains intact, which is typical after several weeks of negative returns. The recent downtrend in price has stabilized above the May 12 low at $25,338, which contributed to rising momentum on the daily chart. For example, the 14-day relative strength index (RSI) returned above the 50 neutral mark Monday after reaching extreme oversold levels on May 9. Still, momentum remains negative on the weekly and monthly charts, which means an upswing in BTC could be limited. The nextresistancezone is between $33,000 and $35,000. U.S. Senate Homeland Security & Governmental Affairs hearing: Rising Threats:Ransomware Attacks and Ransom Payments Enabled by Cryptocurrency 12 p.m. HKT/SGT(4 a.m. UTC):Reserve Bank of Australia interest rate decision and statement 4 p.m. HKT/SGT (8 a.m. UTC): China foreign exchange reserves (MoM/May) CoinDesk's Consensus convention begins on June 9 and will run for three days. You can find an agenda and list of speakershere. In case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV: Discord Privacy Questioned After Bored Apes NFT Theft, Bitcoin Bounce, NY Mining Moratorium Josh Fraser, Origin Protocol co-founder, joined "First Mover" to discuss the Yuga Labs' Discord hack that led to the theft of non-fungible tokens worth a total of 200 ETH. Plus, Greg King of Osprey Funds provided crypto analysis, and BaSIC President Clark Vaccaro discussed the implications of the New York mining moratorium. US Regulators Investigating Binance’s BNB Token: Report:The SEC is looking into whether the crypto exchange should have registered the initial coin offering of Binance coin as a security, according to Bloomberg. Decentralized Exchanges Beat Centralized Counterparts for On-Chain Flows:Chainalysis: The data raises questions about regulation surrounding DEXs. Yuga Labs Confirms Discord Server Hack; 200 ETH Worth of NFTs Stolen:The company behind the Bored Apes NFTs made the disclosure 11 hours after word of the exploit surfaced on Twitter. Binance Labs Invests in PancakeSwap, CAKE Jumps Nearly 10%:Despite the rally, the token is still 36% below $7.46 a month ago after a challenging May for the crypto markets. Consensus Festival Guide: Creator Summit, NFTs and Music:What not to miss this week at Consensus if you're into crypto-related creativity. We have you covered! The Meme Economy:Those who grasp the memetic nature of not only crypto but all value can gain immense power from understanding natural flows of meaning. This piece is a preview of a talk to be given on the Big Ideas stage at Consensus 2022. Today's crypto explainer:Everything You Always Wanted to Know About the Metaverse (but Were Afraid to Ask) Other voices:The arrest heard ’round the crypto world Coinbase’s decis... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Key Insights: It was a mixed Saturday session for the crypto to ten, with bitcoin (BTC) bucking the top ten trend. News of 3AC filing for bankruptcy, Voyager Digital suspending withdrawals, and rumors pegged back the majors, however. However, the total crypto market cap rose for the first time in seven sessions. A $2.28 billion increase took the market cap to $848.5 billion. It was a mixed Saturday for the crypto market. Bitcoin ( BTC ) extended its losing streak to seven sessions with a modest 0.12% loss. Cardano ( ADA ), Ethereum ( ETH ), and Solana ( SOL ) rose for the first time in seven sessions. The broader-based gains came despite the crypto market getting hit with news of Three Arrows Capital (3AC) filing for bankruptcy and Voyager digital suspending withdrawals. Relative to the losses at the turn of the quarter, however, the gains were modest, with downside risks firmly in place. Market headwinds include fears of a recession, sentiment towards monetary policy, and the evolving regulatory landscape, though the regulatory environment could improve for some jurisdictions. In the US, the successful passage of the Lummis and Gillibrand bill could prove crypto-friendly, should lawmakers task the CFTC with regulating the digital asset space. The Total Crypto Market Cap Sees End of Six Day Losing Streak A bearish start to the day raised the prospect of a seventh consecutive session in the red before an afternoon recovery. The total crypto market cap fell to a low of $832.5 billion before rising to a high of $858.1 billion. Total Market Cap 030722 Daily Chart Following a modest $2.28 billion rise, the total crypto market cap was down $17 billion for July. The Crypto Market Movers and Shakers from the Top Ten and Beyond BTC slipped by 0.12% to buck the top ten trend. However, it was a relatively bullish day for the rest. ADA rose by 1.56% to lead the way, with SOL ending the day up 1.55%. BNB (+0.65%) DOGE (+0.23%), ETH (+0.76%), and XRP (+0.60%) also avoided the red. From the CoinMarketCap top 100, NEM ( XEM ) led the way, surging by 25.7%. Other notables included Synthetix ( SNX ), Tezos ( XTZ ), and Flow ( FLOW ). Story continues SNX rallied by 16.8%, with XTZ and FLOW seeing gains of 5.4% and 5.6%, respectively. However, AMP ( AMP ) and STEPN ( GMT ) were at the other end of the table, falling by 3.39% and 2.31%, respectively. Total Crypto Liquidations Slide as Cryptos Find Support 24-hour liquidations continued to reflect improving market conditions going into Sunday. This morning, 24-hour liquidations stood at $58.2 million, down from $107 million on Saturday morning. Liquidated traders over the last 24 hours also declined. At the time of writing, liquidated traders stood at 22,104 versus 36,758 on Saturday morning. However, one-hour liquidation figures reflected a late crypto pullback. According to Coinglass , one-hour liquidations had fallen to sub-$0.300 million before moving back through the $1 million mark. However, standing at $1.07 million, conditions improved from one-hour liquidations of $2.44 million on Saturday. Total Crypto Liquidations 030722 Daily News Highlights Voyager Capital (VOYG) suspended deposits and withdrawals, citing the 3AC default. The Columbian government launched the National Land Registry on the XRP Ledger (XRPL). KuCoin ( KCS ) CEO Johnny Lyu denied rumors of KuCoin planning to freeze withdrawals. This article was originally posted on FX Empire More From FXEMPIRE: Ryanair cabin crew in Spain announce 12 more days of strikes Taliban’s large gathering ends with calls for international recognition Uzbekistan scraps plans to curb Karakalpak autonomy after protest Argentina economy minister, IMF deal architect, quits as government crisis builds US Mortgage Rates Hit Reverse on US Economic Uncertainty KDDI aims to restore service Sunday after 40 million users affected', '• It was a mixed Saturday session for the crypto to ten, with bitcoin (BTC) bucking the top ten trend.\n• News of 3AC filing for bankruptcy, Voyager Digital suspending withdrawals, and rumors pegged back the majors, however.\n• However, the total crypto market cap rose for the first time in seven sessions. A $2.28 billion increase took the market cap to $848.5 billion.\nIt was a mixed Saturday for thecryptomarket. Bitcoin (BTC) extended its losing streak to seven sessions with a modest 0.12% loss. Cardano (ADA), Ethereum (ETH), and Solana (SOL) rose for the first time in seven sessions.\nThe broader-based gains came despite the crypto market getting hit with news of Three Arrows Capital (3AC) filing for bankruptcy and Voyager digital suspending withdrawals.\nRelative to the losses at the turn of the quarter, however, the gains were modest, with downside risks firmly in place.\nMarket headwinds include fears of a recession, sentiment towards monetary policy, and the evolving regulatory landscape, though the regulatory environment could improve for some jurisdictions.\nIn the US, the successful passage of the Lummis and Gillibrandbillcould prove crypto-friendly, should lawmakers task the CFTC with regulating the digital asset space.\nA bearish start to the day raised the prospect of a seventh consecutive session in the red before an afternoon recovery.\nThe total crypto market cap fell to a low of $832.5 billion before rising to a high of $858.1 billion.\nFollowing a modest $2.28 billion rise, the total crypto market cap was down $17 billion for July.\nBTCslipped by 0.12% to buck the top ten trend.\nHowever, it was a relatively bullish day for the rest.ADArose by 1.56% to lead the way, withSOLending the day up 1.55%.\nBNB(+0.65%)DOGE(+0.23%),ETH(+0.76%), andXRP(+0.60%) also avoided the red.\nFrom theCoinMarketCaptop 100, NEM (XEM) led the way, surging by 25.7%. Other notables included Synthetix (SNX), Tezos (XTZ), and Flow (FLOW).\nSNX rallied by 16.8%, with XTZ and FLOW seeing gains of 5.4% and 5.6%, respectively.\nHowever, AMP (AMP) and STEPN (GMT) were at the other end of the table, falling by 3.39% and 2.31%, respectively.\n24-hour liquidations continued to reflect improving market conditions going into Sunday.\nThis morning, 24-hour liquidations stood at $58.2 million, down from $107 million on Saturday morning.\nLiquidated traders over the last 24 hours also declined. At the time of writing, liquidated traders stood at 22,104 versus 36,758 on Saturday morning.\nHowever, one-hour liquidation figures reflected a late crypto pullback.\nAccording toCoinglass, one-hour liquidations had fallen to sub-$0.300 million before moving back through the $1 million mark. However, standing at $1.07 million, conditions improved from one-hour liquidations of $2.44 million on Saturday.\n• Voyager Capital (VOYG)suspendeddeposits and withdrawals, citing the 3AC default.\n• The Columbian governmentlaunchedthe National Land Registry on the XRP Ledger (XRPL).\n• KuCoin (KCS) CEO Johnny Lyudeniedrumors of KuCoin planning to freeze withdrawals.\nThisarticlewas originally posted on FX Empire\n• Ryanair cabin crew in Spain announce 12 more days of strikes\n• Taliban’s large gathering ends with calls for international recognition\n• Uzbekistan scraps plans to curb Karakalpak autonomy after protest\n• Argentina economy minister, IMF deal architect, quits as government crisis builds\n• US Mortgage Rates Hit Reverse on US Economic Uncertainty\n• KDDI aims to restore service Sunday after 40 million users affected', '• It was a mixed Saturday session for the crypto to ten, with bitcoin (BTC) bucking the top ten trend.\n• News of 3AC filing for bankruptcy, Voyager Digital suspending withdrawals, and rumors pegged back the majors, however.\n• However, the total crypto market cap rose for the first time in seven sessions. A $2.28 billion increase took the market cap to $848.5 billion.\nIt was a mixed Saturday for thecryptomarket. Bitcoin (BTC) extended its losing streak to seven sessions with a modest 0.12% loss. Cardano (ADA), Ethereum (ETH), and Solana (SOL) rose for the first time in seven sessions.\nThe broader-based gains came despite the crypto market getting hit with news of Three Arrows Capital (3AC) filing for bankruptcy and Voyager digital suspending withdrawals.\nRelative to the losses at the turn of the quarter, however, the gains were modest, with downside risks firmly in place.\nMarket headwinds include fears of a recession, sentiment towards monetary policy, and the evolving regulatory landscape, though the regulatory environment could improve for some jurisdictions.\nIn the US, the successful passage of the Lummis and Gillibrandbillcould prove crypto-friendly, should lawmakers task the CFTC with regulating the digital asset space.\nA bearish start to the day raised the prospect of a seventh consecutive session in the red before an afternoon recovery.\nThe total crypto market cap fell to a low of $832.5 billion before rising to a high of $858.1 billion.\nFollowing a modest $2.28 billion rise, the total crypto market cap was down $17 billion for July.\nBTCslipped by 0.12% to buck the top ten trend.\nHowever, it was a relatively bullish day for the rest.ADArose by 1.56% to lead the way, withSOLending the day up 1.55%.\nBNB(+0.65%)DOGE(+0.23%),ETH(+0.76%), andXRP(+0.60%) also avoided the red.\nFrom theCoinMarketCaptop 100, NEM (XEM) led the way, surging by 25.7%. Other notables included Synthetix (SNX), Tezos (XTZ), and Flow (FLOW).\nSNX rallied by 16.8%, with XTZ and FLOW seeing gains of 5.4% and 5.6%, respectively.\nHowever, AMP (AMP) and STEPN (GMT) were at the other end of the table, falling by 3.39% and 2.31%, respectively.\n24-hour liquidations continued to reflect improving market conditions going into Sunday.\nThis morning, 24-hour liquidations stood at $58.2 million, down from $107 million on Saturday morning.\nLiquidated traders over the last 24 hours also declined. At the time of writing, liquidated traders stood at 22,104 versus 36,758 on Saturday morning.\nHowever, one-hour liquidation figures reflected a late crypto p Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-07-03 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $362,270,982,301 - Hash Rate: 227840863.6655809 - Transaction Count: 206333.0 - Unique Addresses: 548190.0 Social & AI Sentiment: - Fear & Greed Index: 0.11 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Shutterstock.com Not everyone’s on board with Fidelity’s plan to allow bitcoin in 401(k) plans , especially with the asset’s recent extreme volatility. Senator Elizabeth Warren and Senator Tina Smith sent a letter to Fidelity’s CEO, asking the company to explain why they have failed to heed the Department of Labor’s (DOL) warning about 401(k) crypto investments and raise concerns about potential conflicts of interest presented by Fidelity being both a bitcoin miner and a purveyor of bitcoin. Cash App Borrow: How To Borrow Money on Cash App Read: 9 Bills You Should Never Put on Autopay “We write to inquire about the appropriateness of your company’s decision to add bitcoin to its 401(k) investment plan menu and the actions you will take to address ‘the significant risks of fraud, theft and loss’ posed by these assets,” the Senators wrote in the May 5 letter. On April 26, Fidelity Investments launched what it deems the industry’s first offering that will enable investors to have a portion of their retirement savings allocated to bitcoin through the core 401(k) plan investment lineup. The new offering, which bitcoin-bull firm MicroStrategy plans to add to its 401(k) plan later this year, will be available broadly to employers mid-year. “Fidelity is thrilled to launch a first-of-its-kind workplace digital assets account that will enable individuals to have a portion of their retirement savings allocated to bitcoin through the core 401(k) plan lineup. This new offering represents the firm’s continued commitment to evolving and broadening its digital assets offerings amidst steadily growing demand for digital assets across investor segments,” Dave Gray, head of workplace retirement offerings and platforms at Fidelity Investments, told GOBankingRates at the time. The senators added in the letter that, “investing in cryptocurrencies is a risky and speculative gamble, and we are concerned that Fidelity would take these risks with millions of Americans’ retirement savings.” Story continues POLL: Do You Think the Fed Raising Rates Will Help or Hurt the Economy? Amid a market bloodbath following the Fed’s decision last week, cryptos have not been spared. On May 9, Bitcoin was hovering around $32,000, 52% down from its all-time high level of $69,044, reached in November 2021, according to CoinGecko. Simon Peters, Market Analyst at eToro, wrote in a note on May 9 that the concern now for crypto-asset investors is when the slide will end. “The market is caught in the wider adversity of investment markets that are battling to decide where comfortable levels are in the wake of interest rate hikes designed to quell soaring inflation around the Western world,” he wrote in the note sent to GOBankingRates. “The market is now moving more closely with other major risk assets such as tech and other stocks. This is indicative of the major shift in the presence of institutions within the crypto-asset market, which now account[s] for a much greater proportion of ownership and tend[s] to bundle their decision-making on crypto with other major assets.” Peters added that market volatility and underperformance tend to correct in time so what is key now is for investors to ensure they’re happy with their investment cases and are prepared to stay the course for more volatility ahead. Finally, the Senators added in the letter that bitcoin’s volatility, “is compounded by its susceptibility to the whims of just a handful of influencers. Elon Musk’s tweets alone have led to bitcoin value fluctuations as high as 8%. The high concentration of bitcoin ownership and mining exacerbates these volatility risks.” See: 22 Side Gigs That Can Make You Richer Than a Full-Time Job Find : 25 Extra Grocery Costs You’re Probably Forgetting About In an email sent to CNN, Fidelity said that “as a Massachusetts-based company with a proven 75-plus-year history of doing what’s in the best interest of our customers, we look forward to continuing our respectful dialogue with policymakers to responsibly provide access with all appropriate consumer protections and educational guidance for plan sponsors as they consider offering this innovative product.” More From GOBankingRates Here's How Much Cash You Need Stashed if a National Emergency Happens Women & Money: The Complete Guide Take These 6 Key Steps Today To Retire a Millionaire The Top Purchases You Should Always Make With a Credit Card This article originally appeared on GOBankingRates.com : Senator Elizabeth Warren Questions Fidelity’s Offering To Allow Bitcoin for 401(k) Plans... - Reddit Posts (Sample): [['u/Apart_Split_8801', 'The crash is coming, I can feel it.', 212, '2022-07-03 00:12', 'https://www.reddit.com/r/Buttcoin/comments/vq2jz4/the_crash_is_coming_i_can_feel_it/', 'And this time will not be like 2017.\n\nWhy I know this?\n\nBecause back in 2017 I didn\'t know shit about crypto and today I know shit.\n\nI know that NFTs are just links on a blockchain.\n\nI know that a single Bitcoin transaction consumes the same electricity than a typical household during one month.\n\nI know that Bitcoin can process the staggering amount of three transactions per second.\n\nI know that stable coins has been created out of thin air, and that they have been used to pump all the cryptos.\n\nI know that exchanges can undo trades if they go against their interest.\n\nI know that exchanges can freeze withdrawals as they please.\n\nAnd the most important part, the crypo bros know this, and they know everybody knows. And their only hope is that there are many people so ignorant today about crypto as they were in 2017. \n\nBut I have bad news, this is 2022, and people are not ignorant about this anymore.\n\nCrypto is no longer a long term investment. In ten years, crypto will be the same mess that hasn\'t solved anything for society, and therefore there will be no mass adoption. And in ten years it will not have the excuse of being a new technology.\n\nSmarter whales do know this. And soon they will try to exit in an orderly fashion, or they will cause not a crash but a global rug pull.\n\nCrypto markets are open 24/7, and there are not Circuit Breakers. If it fall, it will fall hard.\n\nTL;DR: Remember, this is not 2017 it is 2022 and a small guy has shouted "I\'ts naked!", and now everybody knows the emperor has no clothes. So lose all hope that millions of new suckers will provide more liquidity to this dumpster.\n\nUseful Links:\n\n[https://www.youtube.com/watch?v=J9nv0Ol-R5Q](https://www.youtube.com/watch?v=J9nv0Ol-R5Q)\n\n[https://www.youtube.com/watch?v=YQ\\_xWvX1n9g](https://www.youtube.com/watch?v=YQ_xWvX1n9g)\n\n[https://www.youtube.com/watch?v=i\\_VsgT5gfMc](https://www.youtube.com/watch?v=i_VsgT5gfMc)', 'https://www.reddit.com/r/Buttcoin/comments/vq2jz4/the_crash_is_coming_i_can_feel_it/', 'vq2jz4', [['u/TheFan88', 28, '2022-07-03 00:43', 'https://www.reddit.com/r/Buttcoin/comments/vq2jz4/the_crash_is_coming_i_can_feel_it/iemq6q7/', 'Agree. Household for a month of electricity. Tell me how that scales for a means of exchange? For trillions of people? It doesn’t. Use PayPal or Venmo.', 'vq2jz4'], ['u/Kryptik2020', 152, '2022-07-03 00:47', 'https://www.reddit.com/r/Buttcoin/comments/vq2jz4/the_crash_is_coming_i_can_feel_it/iemqow4/', 'This is the main reason I went from a BTC bro to a BUTT bro, I completely and 100% believe that the technology is too dated and overall shit. It sounded fancy and technical in 2008, in 2022 it sounds like a bad joke.', 'vq2jz4'], ['u/Shortcelsunite2', 74, '2022-07-03 00:56', 'https://www.reddit.com/r/Buttcoin/comments/vq2jz4/the_crash_is_coming_i_can_feel_it/iemrxdg/', "If you look at Google Trends, the bitcoin interest never actually surpassed 2017, it's over.", 'vq2jz4'], ['u/NumberOneButta', 105, '2022-07-03 00:57', 'https://www.reddit.com/r/Buttcoin/comments/vq2jz4/the_crash_is_coming_i_can_feel_it/iems0bi/', 'Yup. All of this. I\'d also like to add the 19,000+ shitcoins literally printing money out of thin air.\n\nEvery single one of these shitcoins is competing for the same "dollar" trading through the cryptoverse. That means with every new shitcoin spawned, more real dollars are extracted from the system and into the hands of scammers.\n\nThe real money is long gone. Hence you have buttbros playing with counterfeit money "stablecoins", as there are very few actual dollars in the system to extract. Now, as these shitcoins all die, those same scammers are going to compete with each other to extract the remaining dollar capital from the system, while the retail suckers are left with absolute shit.\n\nTLDR: The entire market is Wil.E.Coyote not realizing he\'s already running off the cliff.', 'vq2jz4'], ['u/barsoapguy', 28, '2022-07-03 01:01', 'https://www.reddit.com/r/Buttcoin/comments/vq2jz4/the_crash_is_coming_i_can_feel_it/iemskhp/', 'It’s over Anakin I have the high ground !', 'vq2jz4'], ['u/barsoapguy', 10, '2022-07-03 01:05', 'https://www.reddit.com/r/Buttcoin/comments/vq2jz4/the_crash_is_coming_i_can_feel_it/iemt4lq/', 'This man is one with the force 🏆', 'vq2jz4'], ['u/Guiyu-Oneiros', 48, '2022-07-03 01:12', 'https://www.reddit.com/r/Buttcoin/comments/vq2jz4/the_crash_is_coming_i_can_feel_it/iemtxb9/', "You haven't stated why it's officially over.\n\nThe fact is that crypto has only existed in a low-interest rate environment. Crypto, like tech stocks, thrives during low-interest environments because it it's a risk asset which requires access to easy cash flows and low interest rate loans. Do I believe it's officially dead? No. There will be another low-interest rate cycle in the future. The problem is that the governments are raising rates in order to taper inflation, and we may very well be seeing these high rates for the next few years. I don't mean the next 2-3 years either, more like 4-6, or even more.", 'vq2jz4'], ['u/ivanoski-007', 36, '2022-07-03 01:36', 'https://www.reddit.com/r/Buttcoin/comments/vq2jz4/the_crash_is_coming_i_can_feel_it/iemx0b9/', "ten years is ANCIENT in tech terms, crypto bros don't seem to understand this and still compare it to the adoption of the internet, apples to oranges is their favorite comparison.", 'vq2jz4'], ['u/ivanoski-007', 21, '2022-07-03 01:37', 'https://www.reddit.com/r/Buttcoin/comments/vq2jz4/the_crash_is_coming_i_can_feel_it/iemx3zf/', "no one is saying it's dead, just increasingly useless, sadly bitcoin isn't going away just like MLM companies are not going away. We can only hope to educate as many as possible just as many now know that a Herbalife business is a bad idea", 'vq2jz4'], ['u/Scared_Ad_5391', 14, '2022-07-03 02:09', 'https://www.reddit.com/r/Buttcoin/comments/vq2jz4/the_crash_is_coming_i_can_feel_it/ien0x7a/', "It won't be like 2017 because _real_ money is starting to get expensive again. And that's it. Oh the ironing! Your pretend anti money is actually the opposite of an inflation hedge!!", 'vq2jz4'], ['u/paradoxally', 26, '2022-07-03 02:44', 'https://www.reddit.com/r/Buttcoin/comments/vq2jz4/the_crash_is_coming_i_can_feel_it/ien53cl/', "Meh, that's not indicative enough. The thing is, nowadays you have 20k different crypto coins. \n\nBitcoin is seen as boomer shit, if it doesn't moon within 24 hours and have an influencer promoting it they don't want it.", 'vq2jz4'], ['u/jcburner2020', 11, '2022-07-03 02:45', 'https://www.reddit.com/r/Buttcoin/comments/vq2jz4/the_crash_is_coming_i_can_feel_it/ien56jo/', 'Anyone else find it hilarious that BTC is 2/3 of the way to zero and this guy can "feel the crash coming?"', 'vq2jz4'], ['u/Ognissanti', 16, '2022-07-03 02:59', 'https://www.reddit.com/r/Buttcoin/comments/vq2jz4/the_crash_is_coming_i_can_feel_it/ien6q7i/', 'Next time money is cheap and spirits are high, expect more crypto shit. It’s not sociologically different from pets.com in 2000 or Tesla in 2021. It’s all yolo momentum action.', 'vq2jz4'], ['u/The-Jack-of-Diamonds', 19, '2022-07-03 03:28', 'https://www.reddit.com/r/Buttcoin/comments/vq2jz4/the_crash_is_coming_i_can_feel_it/iena20o/', 'An influencer waiting to pull the rug out from under you.', 'vq2jz4'], ['u/sfgisz', 68, '2022-07-03 04:30', 'https://www.reddit.com/r/Buttcoin/comments/vq2jz4/the_crash_is_coming_i_can_feel_it/iengym2/', "> sounded fancy and technical in 2008\n\nBitcoin belongs to an era in technology when Java Applets and Flash were still a thing, ES5 was going to be the latest release, Node.js did not exist, Java was the #1 language, Python hadn't broken top 5, Lambda expressions where a new feature in C#.\n\nAll these other technologies have evolved dramatically since or been buried by successors, while BTC floats around in more or less the same way still trying to figure out what it should do instead of improve and optimize for what it does.", 'vq2jz4'], ['u/xeger', 11, '2022-07-03 05:03', 'https://www.reddit.com/r/Buttcoin/comments/vq2jz4/the_crash_is_coming_i_can_feel_it/ienknqp/', "Yawp!\n\nAs I like to tease to my spouse: crypto is so cheap, I'm actually thinking of buying some!\n\n(This usually results in a threat of divorce and/or a thrown object.)", 'vq2jz4'], ['u/eaton', 39, '2022-07-03 05:04', 'https://www.reddit.com/r/Buttcoin/comments/vq2jz4/the_crash_is_coming_i_can_feel_it/ienkt0q/', 'Honestly, as someone who does a lot of tech evaluation and recommendation for large orgs, the tech feels less dated to me than the social assumptions that underly it.', 'vq2jz4'], ['u/boop-dragon', 11, '2022-07-03 05:18', 'https://www.reddit.com/r/Buttcoin/comments/vq2jz4/the_crash_is_coming_i_can_feel_it/ienmcqk/', 'Your spouse is wise!', 'vq2jz4'], ['u/eltoniq', 14, '2022-07-03 05:30', 'https://www.reddit.com/r/Buttcoin/comments/vq2jz4/the_crash_is_coming_i_can_feel_it/iennpkp/', 'I think one prime problem with BTC specifically is that a lot of it is not allowed to “evolve” like most software. Unless you “fork” it or change “pow” to something else. Then it essentially redefines what it is and it’s worth at the same time.', 'vq2jz4'], ['u/ivanoski-007', 22, '2022-07-03 05:49', 'https://www.reddit.com/r/Buttcoin/comments/vq2jz4/the_crash_is_coming_i_can_feel_it/ienpn2e/', "but you can't compare the beginnings if the internet where people barely had a computer to a useless shit like blockchain at the height of technology today", 'vq2jz4'], ['u/ivanoski-007', 19, '2022-07-03 06:29', 'https://www.reddit.com/r/Buttcoin/comments/vq2jz4/the_crash_is_coming_i_can_feel_it/ientrqw/', "blockchain has literally solved none of the societal problems it promised to solve, it's literally a solution looking for a problem, at least in 10 years the i... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['• It was a bullish end to the week for the crypto to ten, with XRP finding much-needed support to lead the way.\n• Following the 3AC bankruptcy filing, news of more platforms laying off staff failed to spook investors.\n• The total crypto market cap rose for the second time in eight sessions. A $2.58 billion increase left the market cap down by $70 billion for the week.\nIt was a bullish Sunday for thecryptomarket. Bitcoin (BTC) ended its seven-day losing streak. WhileXRPfound strong support, gains across the rest of the top ten were modest.\nThe fallout from the crypto winter continued to hit the market, with news of exchanges reducing headcounts a reminder of market conditions.\nHowever, crypto market headwinds remained the primary drag, with inflation, Fed monetary policy, and the threat of a US recession testing investor appetite.\nWith the US markets closed today, the NASDAQ 100 Mini will need considering, with the crypto market continuing to track the US market.\nAt the time of writing, the NASDAQ 100 Mini was down 53.5 points.\nA bearish morning saw the total crypto market cap fall to a low of $832.5 billion before rising to a high of $859.0 billion.\nFollowing a modest $2.28 billion rise, the total crypto market cap increased by a further $2.58 billion to $851.1 billion on Sunday. The modest uptrend over the weekend left the market cap down $15 billion for July.\nXRPled the way, rising by 1.93%, withDOGEgaining 0.84%.\nGains elsewhere were modest, however.BTCjoined the broader market in positive territory, rising by 0.35%, withBNB(+0.46%),ETH(+0.68%), and,SOL(+0.12%) also avoiding the red.\nADAended the day flat\nFrom theCoinMarketCaptop 100, NEM (XEM) bucked the broader market trend, sliding by 10.12%, with Polygon (MATIC) falling by 6.35%.\nHowever, ThetaFuel (TFUEL) led the broader crypto market, rallying by 14.81%, with Arweave (AR) up 12.16%.\n24-hour liquidations continued to reflect improving market conditions going into Monday.\nThis morning, 24-hour liquidations stood at $80.74 billion, up from $58.2 million on Sunday morning. While higher, staying below the $100 million mark was positive.\nLiquidated traders over the last 24 hours also increased, albeit modestly. At the time of writing, liquidated traders stood at 25,320 versus 22,104 on Sunday morning.\nHowever, one-hour liquidation figures reflected steady market conditions at the turn of the day.\nAccording toCoinglass, one-hour liquidations stood at $0.920 million versus $1.07 million on Sunday and $2.44 million on Saturday.\n• US Millenialsfavorcryptos over mutual funds.\n• Celsius Networklaidoff 150 employees.\n• Circle founder and CEO Jeremy Allaireattemptedto ease concerns over stablecoin USD Coin (USDC) by sharing a string of circle.com blogs onTwitter.\nThisarticlewas originally posted on FX Empire\n• Tens of thousands of Sydney residents told to evacuate as rains flood suburbs\n• Macau steps up COVID testing as infections surge\n• Japan FY2021/22 tax revenue seen revised up to record amount – draft\n• Ukraine withdraws from battered Lysychansk city; Russia claims major victory\n• Gold teeters above $1,800 as lower yields counter dollar strength\n• Japan coalition headed for election win, LDP seen gaining seats -poll', '• It was a bullish end to the week for the crypto to ten, with XRP finding much-needed support to lead the way.\n• Following the 3AC bankruptcy filing, news of more platforms laying off staff failed to spook investors.\n• The total crypto market cap rose for the second time in eight sessions. A $2.58 billion increase left the market cap down by $70 billion for the week.\nIt was a bullish Sunday for thecryptomarket. Bitcoin (BTC) ended its seven-day losing streak. WhileXRPfound strong support, gains across the rest of the top ten were modest.\nThe fallout from the crypto winter continued to hit the market, with news of exchanges reducing headcounts a reminder of market conditions.\nHowever, crypto market headwinds remained the primary drag, with inflation, Fed monetary policy, and the threat of a US recession testing investor appetite.\nWith the US markets closed today, the NASDAQ 100 Mini will need considering, with the crypto market continuing to track the US market.\nAt the time of writing, the NASDAQ 100 Mini was down 53.5 points.\nA bearish morning saw the total crypto market cap fall to a low of $832.5 billion before rising to a high of $859.0 billion.\nFollowing a modest $2.28 billion rise, the total crypto market cap increased by a further $2.58 billion to $851.1 billion on Sunday. The modest uptrend over the weekend left the market cap down $15 billion for July.\nXRPled the way, rising by 1.93%, withDOGEgaining 0.84%.\nGains elsewhere were modest, however.BTCjoined the broader market in positive territory, rising by 0.35%, withBNB(+0.46%),ETH(+0.68%), and,SOL(+0.12%) also avoiding the red.\nADAended the day flat\nFrom theCoinMarketCaptop 100, NEM (XEM) bucked the broader market trend, sliding by 10.12%, with Polygon (MATIC) falling by 6.35%.\nHowever, ThetaFuel (TFUEL) led the broader crypto market, rallying by 14.81%, with Arweave (AR) up 12.16%.\n24-hour liquidations continued to reflect improving market conditions going into Monday.\nThis morning, 24-hour liquidations stood at $80.74 billion, up from $58.2 million on Sunday morning. While higher, staying below the $100 million mark was positive.\nLiquidated traders over the last 24 hours also increased, albeit modestly. At the time of writing, liquidated traders stood at 25,320 versus 22,104 on Sunday morning.\nHowever, one-hour liquidation figures reflected steady market conditions at the turn of the day.\nAccording toCoinglass, one-hour liquidations stood at $0.920 million versus $1.07 million on Sunday and $2.44 million on Saturday.\n• US Millenialsfavorcryptos over mutual funds.\n• Celsius Networklaidoff 150 employees.\n• Circle founder and CEO Jeremy Allaireattemptedto ease concerns over stablecoin USD Coin (USDC) by sharing a string of circle.com blogs onTwitter.\nThisarticlewas originally posted on FX Empire\n• Tens of thousands of Sydney residents told to evacuate as rains flood suburbs\n• Macau steps up COVID testing as infections surge\n• Japan FY2021/22 tax revenue seen revised up to record amount – draft\n• Ukraine withdraws from battered Lysychansk city; Russia claims major victory\n• Gold teeters above $1,800 as lower yields counter dollar strength\n• Japan coalition headed for election win, LDP seen gaining seats -poll', 'Key Insights: It was a bullish end to the week for the crypto to ten, with XRP finding much-needed support to lead the way. Following the 3AC bankruptcy filing, news of more platforms laying off staff failed to spook investors. The total crypto market cap rose for the second time in eight sessions. A $2.58 billion increase left the market cap down by $70 billion for the week. It was a bullish Sunday for the crypto market. Bitcoin ( BTC ) ended its seven-day losing streak. While XRP found strong support, gains across the rest of the top ten were modest. The fallout from the crypto winter continued to hit the market, with news of exchanges reducing headcounts a reminder of market conditions. However, crypto market headwinds remained the primary drag, with inflation, Fed monetary policy, and the threat of a US recession testing investor appetite. With the US markets closed today, the NASDAQ 100 Mini will need considering, with the crypto market continuing to track the US market. Total Market Cap – NASDAQ – 040722 Daily Chart At the time of writing, the NASDAQ 100 Mini was down 53.5 points. The Total Crypto Market Cap Rises for a Second Session A bearish morning saw the total crypto market cap fall to a low of $832.5 billion before rising to a high of $859.0 billion. Following a modest $2.28 billion rise, the total crypto market cap increased by a further $2.58 billion to $851.1 billion on Sunday. The modest uptrend over the weekend left the market cap down $15 billion for July. Total Market Cap 040722 Daily Chart The Crypto Market Movers and Shakers from the Top Ten and Beyond XRP led the way, rising by 1.93%, with DOGE gaining 0.84%. Gains elsewhere were modest, however. BTC joined the broader market in positive territory, rising by 0.35%, with BNB (+0.46%), ETH (+0.68%), and, SOL (+0.12%) also avoiding the red. ADA ended the day flat From the CoinMarketCap top 100, NEM ( XEM ) bucked the broader market trend, sliding by 10.12%, with Polygon ( MATIC ) falling by 6.35%. However, ThetaFuel ( TFUEL ) led the broader crypto market, rallying by 14.81%, with Arweave ( AR ) up 12.16%. Story continues Total Crypto Liquidations Remain Crypto Market Positive 24-hour liquidations continued to reflect improving market conditions going into Monday. This morning, 24-hour liquidations stood at $80.74 billion, up from $58.2 million on Sunday morning. While higher, staying below the $100 million mark was positive. Liquidated traders over the last 24 hours also increased, albeit modestly. At the time of writing, liquidated traders stood at 25,320 versus 22,104 on Sunday morning. However, one-hour liquidation figures reflected steady market conditions at the turn of the day. According to Coinglass , one-hour liquidations stood at $0.920 million versus $1.07 million on Sunday and $2.44 million on Saturday. Total Crypto Liquidations 040722 Daily News Highlights US Millenials favor cryptos over mutual funds. Celsius Network laid off 150 employees. Circle founder and CEO Jeremy Allaire attempted to ease concerns over stablecoin USD Coin (USDC) by sharing a string of circle.com blogs on Twitter . This article was originally posted on FX Empire More From FXEMPIRE: Tens of thousands of Sydney residents told to evacuate as rains flood suburbs Macau steps up COVID testing as infections surge Japan FY2021/22 tax revenue seen revised up to record amount – draft Ukraine withdraws from battered Lysychansk city; Russia claims major victory Gold teeters ab Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-07-04 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $366,079,662,011 - Hash Rate: 210201570.99469727 - Transaction Count: 240385.0 - Unique Addresses: 610225.0 Social & AI Sentiment: - Fear & Greed Index: 0.14 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: A woman’s video about her deflating Shein shoes in the Las Vegas heat recently went viral on TikTok. TikToker @eacarrasco shared that the pair of Mary Jane shoes she purchased from the Chinese online retailer apparently could not handle the heat in Las Vegas. @eacarrasco 🤷🏻‍♀️ #loversandfriendsfest #90s #y2k #shein #lasvegas #summer ♬ Oh No - Kreepa The clip, which has received more than 515,000 views, showed the user walking while the heels of her shoes seem to disappear under her feet. More from NextShark: Shinee members and fans flood social media platforms to wish late singer Jonghyun a happy birthday “When you spend weeks planning your lovers and friends festival outfit but the weather hits 100 degrees,” she wrote. The user said she bought the shoes to complete her outfit for the Lovers and Friends festival in Las Vegas. The post showed the shoes listed on Shein’s website for $31. The TikToker’s “melting shoes” had commenters pointing out the intense Las Vegas weather. More from NextShark: Brave schoolchildren in China rescue pregnant teacher as she faints in class “When you don’t know how Las Vegas works,” one commenter wrote. “Or weather reports. Or anything really.” “Ur phone doesn’t have the weather app?” asked another. “And u didn’t realize u were going to Las Vegas?” Other users expressed concern about buying from the retailer. More from NextShark: Elon Musk shares conspiracy theory about Bitcoin creator Satoshi Nakamoto in viral tweet “I don’t think it was weather,” one commenter wrote. “I think it’s the shoes. Don’t buy shoes from shein.” "Note to self, don't buy shoes from Shein," another chimed in. In a separate post, @eacarrasco shared photos of the shoes that have seemingly returned to their original form. More from NextShark: Japanese Man’s Cat Takes the Most 2020 Selfie @eacarrasco Reply to @redrobin_5 You best explained it lol #rbd #loversandfriendsfest #sheingonewrong #shein #lasvegas #funny ♬ Hell To Da Naw Naw Naw - Bishop Bullwinkle Shein, which sells inexpensive fashion items, has seen massive growth in the U.S. in recent years, becoming the biggest fast fashion retailer in the country. The Chinese company had a 28% market share in the U.S. last year and is worth an estimated $100 billion , which is more than H&M and Zara combined. Featured Image via @eacarrasco... - Reddit Posts (Sample): [['u/Expert77777777', 'Why a acquisition of Celsius is likely and the crypto industry cannot accept that you lose any funds', 139, '2022-07-04 00:32', 'https://www.reddit.com/r/CelsiusNetwork/comments/vqsu7e/why_a_acquisition_of_celsius_is_likely_and_the/', 'As a European with years of M&A experience (and a small portion of my cryptos on Celsius) I think the most likely scenario is a follow: One company (or a consortium of companies) from either the crypto industry or traditional finance buys Celsius. Afterwards you can continue your deposit and loans with them under a new brand name without suffering any loses. The reason is simple. \n\nCelsius main asset is their 1.7 million customers and many of them are even high net worth or crypto friendly institutions. In an industry that spends hundreds of millions on super bowl ads, welcome bonuses or stadium sponsorship, it is worth hundreds of millions (or even billions in the long term) to get all these clients as depositors. Many of the customers also have high collateralized loans that is a an interest bearing asset for a buyer, and those who only have deposits has already taken the important step to move into crypto (and crypto banking) and it is way easier to get trading from them on your exchange or get them to accept other crypto offers generating future fees. Celsius also have many skilled employees (remember many companies are hiring today), they know marketing and how to win new customers (remember Nexo already copied Celsius on their loyalty program idea back in 2020). Even their Celsius token in treasury can jump 100-300% when they announce the rescue package or buyout and may also add profit for a buyer getting them. Also remember the PR as white knight saving the crypto industry is priceless. Everyone wants to be JP Morgan from the 1907 Wall Street finance crisis, but now for the crypto industry.\n\nOf course after a buyout there will be some withdrawal lock up time /limited withdrawal in the beginning, a new branding and some cost cutting and other synergies. \n\nBut a Celsius failure is not an option for the crypto industry. It is very important to know that in an industry on the brink of mass adoption (the next bull market is never far away and we are still early in the growth curve), they cannot let Celsius fail or have client accept any haircut at all. If that happens people will rush coins of exchanges (Uniswap is the winner, Binance the loser) and many people will never dare to move into this industry at all. The mass adoption could be years delayed (millions cannot do self custody), crypto prices will fall even more (including BNB and Nexo token) and the lack of trust in the industry is something that the industry cannot accept. Just look at the BlockFi press release (they said that they could not accept any customer haircut, putting a lot of pressure on Alex/Celsius to accept an offer putting depositor first) and if you watch the HBO movie "To big to fail" you very easy see how Wall Street M&A solved the 2008 financial crisis (LB failed due to a buyout from a UK Bank failed because of British regularly issues). Today lack of trust is the reason why BTC is below 40k, but this could fast change if they show that no ledning plattform clients loose any funds, and that the industry is more mature than in 2012-2018.\n\nFor likely buyers it is much better to file a hole and make the depositor whole, but they will firstly try to buy out the whole company, at least have an option for it in the bailout terms.\n\nThey buyers could be Nexo (will double their client base, wants to be Amazon of crypto lending, already have an open offer and don\'t want bank rush), Binance (need to counter FTX/Blockfi and also could very well be the big winner since most of Celsisus clients are not customer of their exchange so this is a very fast way of them to get more clients that think their exchange today is to little user-friendly), Kraken/Coinbase (they have also investor with deep pockets) or FTX (why not become a monopoly and the leak of 2 billion hole looks like negotiating tactic). Also for traditional finance (like Goldman etc) this is their best shot of moving into crypto banking and get many more as their private banking clients. I am not rulling out Square or Visa since all these companies could very well from an M&A perspective have many good reason to get all these clients and the Celsius infrastructure. Even for Musk the PR might be worth it and why not get a lot of high net worth clients into the future Tesla buyer database when you announce BTC acceptance again ?\n\nI think one of the reason for the silence, is that there are such talks already (paying down debt for selected creditors is even illegal if they prepare a bankruptcy and Alex is already in legal trouble if any loose funds here), and although Celsius may try to continue as their own brand and there are also a lot of investors that may get a good deal of buying a lot their shares at discounted valuation, I think a M&A solution will happen later even in that scenario (many PE-funds know this, and may be in the bailout picture) . \n\nThis is the "do or die" moment for the entire crypto industry, but to be clear: Celsius is the most attractive M&A object today (even with a possible 2 billion hole) due to their 1.7 million customers and employees, and don\'t underestimate the PR. Even today people talk about JP Morgan as the bailout savior of Wall Street (even the US) in 1907. The big question is, will it be Binance, Nexo, FTX, Square or Goldman Sach that becomes the savior and future kings of crypto by saving your funds?\n\nPS: By the way, the best way to support such efforts, are to support this in the Simon Dixon proposal.', 'https://www.reddit.com/r/CelsiusNetwork/comments/vqsu7e/why_a_acquisition_of_celsius_is_likely_and_the/', 'vqsu7e', [['u/Significant-Leopard9', 102, '2022-07-04 00:35', 'https://www.reddit.com/r/CelsiusNetwork/comments/vqsu7e/why_a_acquisition_of_celsius_is_likely_and_the/ier2g03/', "Call me selfish but I don't care if Celsius survives, I just want my money back. If an acquisition of Celsius can give me 100% of my funds back I'd be overjoyed.", 'vqsu7e'], ['u/Scat_fiend', 49, '2022-07-04 00:46', 'https://www.reddit.com/r/CelsiusNetwork/comments/vqsu7e/why_a_acquisition_of_celsius_is_likely_and_the/ier3uhl/', 'You’re selfish. And so am I. We want our funds back celsius!', 'vqsu7e'], ['u/Trollslayer0104', 24, '2022-07-04 01:32', 'https://www.reddit.com/r/CelsiusNetwork/comments/vqsu7e/why_a_acquisition_of_celsius_is_likely_and_the/ier9dh2/', "Can you describe why the industry would not allow Celsius to fail but has allowed multiple other exchanges and firms to fail? What's special about Celsius?", 'vqsu7e'], ['u/thisriveriswild70', 18, '2022-07-04 02:46', 'https://www.reddit.com/r/CelsiusNetwork/comments/vqsu7e/why_a_acquisition_of_celsius_is_likely_and_the/ierhxtc/', 'GS is shady AF? have you seen the band of idiots running companies like Celsius straight into the ground?!', 'vqsu7e'], ['u/MasterExploder990', 18, '2022-07-04 04:04', 'https://www.reddit.com/r/CelsiusNetwork/comments/vqsu7e/why_a_acquisition_of_celsius_is_likely_and_the/ierqgnm/', "I'm selfish about my crypto and I certainly don't give a fuck. Give me my Bitcoin!", 'vqsu7e'], ['u/BillyBeeGone', 16, '2022-07-04 04:50', 'https://www.reddit.com/r/CelsiusNetwork/comments/vqsu7e/why_a_acquisition_of_celsius_is_likely_and_the/iervg3d/', 'Ah yes those other crypto firms had no ones deposits...', 'vqsu7e'], ['u/anon_chase', 14, '2022-07-04 04:59', 'https://www.reddit.com/r/CelsiusNetwork/comments/vqsu7e/why_a_acquisition_of_celsius_is_likely_and_the/ierwe5w/', 'Let us all take this as a lesson and get a freaking ledger…', 'vqsu7e'], ['u/Evanjulian', 19, '2022-07-04 05:21', 'https://www.reddit.com/r/CelsiusNetwork/comments/vqsu7e/why_a_acquisition_of_celsius_is_likely_and_the/ieryn3l/', 'Funny story.. I have ledger already. Decided to emptied it out and move to celsius, for convenience reason', 'vqsu7e'], ['u/Impossible-Example91', 21, '2022-07-04 05:29', 'https://www.reddit.com/r/CelsiusNetwork/comments/vqsu7e/why_a_acquisition_of_celsius_is_likely_and_the/ierzigl/', 'They let Lehman Brothers go bankrupt, they’ll let Celsius go too.', 'vqsu7e'], ['u/eddie_flynn', 11, '2022-07-04 06:20', 'https://www.reddit.com/r/CelsiusNetwork/comments/vqsu7e/why_a_acquisition_of_celsius_is_likely_and_the/ies4gbn/', "what you've just said is one of the most insanely idiotic things I have ever heard. At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone in this room is now dumber for having listened to it. I award you no points, and may God have mercy on your soul.", 'vqsu7e'], ['u/Thorbinator', 17, '2022-07-04 06:59', 'https://www.reddit.com/r/CelsiusNetwork/comments/vqsu7e/why_a_acquisition_of_celsius_is_likely_and_the/ies8509/', ">But a Celsius failure is not an option for the crypto industry\n\nIt's winter. Everyone will stab anyone else in the back for a nickel. That kind of sentence implies a community you can rely on, which simply is not the case.", 'vqsu7e']]], ['u/thenextsymbol', 'From The Rats Jumping Off Sinking Ships Department: Co-Founder and CTO of OpenSea, The Dominant NFT Marketplace, Announces His Resignation', 98, '2022-07-04 01:26', 'https://www.reddit.com/r/Buttcoin/comments/vqtvdc/from_the_rats_jumping_off_sinking_ships/', '1. \\[2022-06-30\\] OpenSea [announces](https://opensea.io/blog/safety-security/important-update-on-email-vendor-security-incident/) that the email addresses and names (at least) of every single user were lost to an "unauthorized external party" in a huge data breach ([my response](https://twitter.com/Cryptadamist/status/1542391477573242880))\n2. \\[2022-07-01\\] OpenSea CTO/Co-Founder Alex Atallah [announces](https://twitter.com/xanderatallah/status/1543008322978082816) his departur... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Don\'t miss CoinDesk\'sConsensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12.\nGood morning. Here’s what’s happening:\nPrices:Bitcoin gains ground, hovering just above $20K.\nInsights:China\'s blockchain revolution may not be so revolutionary.\nCatch the latest episodes ofCoinDesk TVfor insightful interviews with crypto industry leaders and analysis. Andsign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context.\nBitcoin (BTC):$20,244 +5%\nEther (ETH):$1,152 +7.3%\n[{"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+3.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "+3.5%", "DACS Sector": "Entertainment"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "+1.3%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22123.3%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Stellar", "Ticker": "XLM", "Returns": "\\u22120.9%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "XRP", "Ticker": "XRP", "Returns": "\\u22120.3%", "DACS Sector": "Currency"}]\nBitcoin Gains Ground but Lingers Under $20K\nOn a day of fireworks and bombast in the U.S., crypto had a little to celebrate as well.\nBitcoin crept back over the $20,000 threshold that has been a psychological observation point since the start of the summer for investors gauging the length of the current bear market. The largest cryptocurrency by market capitalization was recently trading at about $20,300, up 5% over the past 24 hours. Bitcoin plummeted below $19,000 at one point last week before regaining ground during a Friday rally.\nEther rose even more in Monday trading along with several other major altcoins as investors seemed more receptive to risk. The second-largest cryptocurrency by market cap was changing hands at more than $1,150, a nearly 8% gain over the previous day. Among other major cryptos, SOL and SAND jumped more than 9% and 8%, respectively.\nStill, the crypto Fear & Greed Index remained wedged in extreme fear territory as the industry absorbed its latest body blows, and analysts remained downcast about prices for at least the near-term, short of convincing evidence that inflation is under control and the global economy will not fall into recession. Bitcoin and ether are off more than 5% and 6% from their highs early last week, and most other cryptos are also well in the red over the same period.\n"Bitcoin has been under even pressure for almost all last week," FxPro Senior Market Analyst Alex Kuptsikevich wrote in an email. "A brief bounce at the beginning of the day on July 1 was more likely due to emotional excitement from the start of a new period (month, quarter, half-year) rather than fundamental changes in the situation."\nEther price weakness\nETH’s price weakness continues as The Merge, which will see the network change from a proof-of-work to proof-of-stake protocol, fast approaches. Trading was light as the U.S. celebrated its Independence Day. U.S. equity markets were closed in observance of the holiday, but European indexes were up with the Stoxx Europe 600 rising 0.5% on Monday.\nTo be sure, Binance CEO Changpeng Zhao recently called the crypto winter a good time to buy bitcoin for investors who can wait for the next bull market. And a survey fromMastercard(MA) reported that over 51% of Latin Americans made at least one transaction with cryptocurrencies between March and April of this year.\nBut industry-wide cascade of bad news continued with crypto hedge fund Three Arrows Capitalfilingfor bankruptcy late Friday after weeks of speculation that it was functionally insolvent; American-Israeli crypto lender, Celsuis,layingoff some 150 employees over the weekend as it battles a financial crisis that saw it halt customer withdrawals last month; crypto lending platform CoinLoanlimitingthe size of withdrawals; and another crypto lender, Singapore-based Vauld,suspendingall withdrawals, trading and deposits on its platform as it looks at restructuring options.\nTroubled economic backdrop\nKuptsikevich noted the troubled economic backdrop that is likely to continue bedeviling crypto markets.\n"The global picture remains bearish as stock markets show no glimpses of tightening financial conditions by central banks," Kuptsikevich wrote. "On the weekly charts, BTCUSD remains below the 200-week average, having failed a timid attempt to climb higher last week."\nS&P 500: 3,825 +1%\nDJIA: 31,097 +1%\nNasdaq: 11,127 +0.9%\nGold: $1,808 +.02%\nChina\'s Blockchain Revolution May Be Falling Short\nBlockchain technology is a national priority for Beijing,having been name-checkedin 2019 by People’s Republic of China President Xi Jinping as an important opportunity that needs to be seized, andmentioned asa key technological pillar of China’s five-year policy plan in 2021.\n“We must take the blockchain as an important breakthrough for independent innovation of core technologies,” Xi has been quoted as saying, outlining the government’s policy to integrate the technology into the IT fabric of the bureaucracy at large.\nAnd with this came theBlockchain Service Network(BSN), a state-backed infrastructure program that would allow enterprise developers to assemble and develop code to build blockchain-based applications with relative ease.\nOf course, this isn’t real blockchain per se. It’s a neutered version of that called "permissioned blockchain." No corporation or government, in China or elsewhere, wants their key data to be in a decentralized state they can’t control.\nAs theSouth China Morning Post reportedlast week, China is home to nearly 1,800 blockchain services companies that purport to be integrated into most parts of the economy and bureaucracy.\nCompanies are unconvinced\nThere’s a problem, though: Outside of China, companies have realized thatenterprise blockchain ispretty useless. As CoinDesk reported in early 2021, IBM (IBM), which is effectively synonymous with enterprise computing, hasdismantled its blockchain team. Shortly after,Microsoft (MSFT) discontinuedits Blockchain service on Azure cloud. The U.S. Food and Drug Administration, which once touted blockchain as part of a "smarter era of food safety," hasabandoned the initiative.\nTechnology market research firm Gartnernoted in its hype cycle forecastfor 2021 that “successful permissioned enterprise blockchain projects are scarce.”\nWhile things like decentralized finance, payments, and tokenization all have some appeal, Gartner said, enterprise blockchain is stuck because “most users are stuck trying to align use cases to the technology.”\n“The value of permissioned blockchain is hard to understand since it does not implement the most revolutionary aspect of public blockchains – i.e., trust minimization and elimination of central authority, achieved via decentralized consensus,”Gartner wrotein another post on the topic.\nIncentives\nIn China’s case, companies are doubling down on blockchain because of the manyincentives available, such as a $140 millionsubsidy fund in Guangzhou– the actual utility of the technology be damned. If the governmentthinks the technologywill help its economic ambitions and wants to throw money at it, companies will happily oblige and play along.\nThis is especially true if they can leverage this with investors to juice a funding round. At one time,China was hometo nearly 35,000 blockchain companies, according to publicly available corporate registration data. Of course many were firms jumping in by adding blockchain to their name to access development subsidies, as well as out-and-out frauds. That number, according to SCMP’s report, is down to around 1,800, so the herd has been thinned.\nStill, it\'s questionable what exactly these 1,800 companies are doing. On-chain data is key to verifying any claims involving blockchain. But with these permissioned chains, it\'s impossible to use a block explorer to inspect the data and verify claims of data volume, something that’s a central tenant for the “trust machine” that is blockchain.\n8:30 a.m. HKT/SGT(12:30 a.m. UTC):Jibun Bank Services PMI(June)\n9:45 a.m. HKT/SGT(UTC):Caixin (China) Services PMI(June)\nIn case you missed it, here is the most recent episode of"All About Bitcoin"onCoinDesk TV:\nGenesis Exposure to 3AC, Caitlin Long on Crypto Industry Blowups\nIn one of the biggest scams in crypto history, the Commodity Futures Trading Commission (CFTC) is charging South African bitcoin club Mirror Trading International with $1.7 billion fraud. CoinDesk\'s Managing Editor for News Danny Nelson shared insights into this story. Plus, Caitlin Long of Custodia Bank discussed crypto regulations and Nick Mancini of Trade The Chain provided market analysis.\nThree Arrows Paper Trail Leads to Trading Desk Obscured Via Offshore Entities:As Three Arrows Capital collapsed under market pressure, its much-lesser known trading desk, TPS Capital, remained active, sources say. But a complex ownership structure might frustrate creditors\' efforts to collect.\nCrypto Lender Celsius Cuts 150 Jobs Amid Restructuring: Report:Withdrawals are still paused and the company has hired restructuring experts as it faces a financial crisis.\nBitcoin Recovers to Over $19K; Nomura Warns of US, UK Recession:Nomura warned of a recession in the eurozone, U.K. and Asia Pacific, which could influence crypto prices.\nLTCM and Other History Lessons for Crypto:From Long-Term Capital Management to the 2008 financial crisis, crypto\'s recent woes have echoes in the past, says CoinDesk\'s chief content officer.\nOther voices:Bitcoin Prices Struggle Below $20,000. Why Tuesday Could Bring a Bigger Move.(Barron\'s)\n"The Vauld management wishes to inform that we are facing financial challenges despite our best efforts. This is due to a combination of circumstances such as the volatile market conditions, the financial difficulties of our key busine Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-07-05 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $366,079,662,011 - Hash Rate: 173453044.59702292 - Transaction Count: 245829.0 - Unique Addresses: 616343.0 Social & AI Sentiment: - Fear & Greed Index: 0.19 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Valkyrie Funds CEO Leah Wald joins Yahoo Finance Live to discuss bitcoin falling below $21,000, the crypto sell-off, bear markets, and the outlook for the cryptocurrency market. [MUSIC PLAYING] JULIE HYMAN:The selloff in cryptocurrency is continuing today. Bitcoin sinking close to 20,000 earlier in the session. It's recovered a little bit, but still down on the day. Down more than 70% since its peak last November. The selloff, of course, rippling through the bitcoin futures-based crypto ETF universe, including Valkyrie's bitcoin strategy ETF. It's down over 50% this year alone. Joining us now to talk about the action, Valkyrie Funds CEO Leah Wald. Leah, thank you for being here. Obviously, it's been quite a ride downward here for the crypto universe. And, you know, even though, yes, these cycles have happened in crypto before, what is a pretty young asset class, it can't feel great when it's happening. So how do you sort of think about it as we are in this period? And how low do you think bitcoin will go? LEAH WALD:Yeah, and thank you so much for having me. You're absolutely right. For those of us that have been in the industry, it is-- you know, it's historically true that we have weathered these types of storms. But again, we are firmly in a bear market now. Never feels good. Bitcoin is down 54% year to date. Ethereum is down nearly 70% year to date. And more than $2 trillion in notional value has already been wiped off from digital asset valuation since last year's high. Naturally, this is following a lot of issues fundamentally. But the TA is just-- technical analysis is just not lying. And unfortunately, it is not looking good. -We're looking right now as well at this sort of speculation vacuum, if you will, within the broader crypto landscape, and even into some of the other spaces where people are invested into. But what do you believe will come out on the other side as we kind of are watching this shakeout, sure, in prices, but also in projects? LEAH WALD:I think that that's a good question, and actually will bring a smile to my face today. So thank you for that. [LAUGHTER] I do think that in bear markets, you have a good opportunity to build. That's what I firmly believe. That's what excites me about-- just coming back from maternity leave this week, I'm excited because of that. I think that historically, you're able to hunker down. And you've seen that across the crypto ecosystem. In 2018, in the various bear markets, you've seen a lot of projects that weren't built on firm foundations get completely wiped out. And that's not a bad thing. You know, very often, sometimes cleansing the system can help for the foundations of the future to be built on, you know, much more firm grounds. If you look at also what's different now is that the venture funding has come from a variety of sources that we never thought was going to be true. I mean, our strategic funding round, our last round that we just closed, Bank of New York, Wedbush, other institutional players, Belvedere Trading, all joined. And that is just exceedingly different than just venture dollars flowing in. And previous to me coming on, David Ellison, I think, made a very salient point, which is that valuations are starting to drop, and now we're looking at earnings. I think in the crypto ecosystem, definitely valuations with numerous, numerous companies that potentially did not have the earnings or the foundations to back it have been above a billion dollar valuation mark. And I think that it's time that the companies come back to reality, and that'll help for the long term. BRIAN SOZZI:Leah, one target that we heard a lot about over the past two years during crypto-- crypto's rise is that $1 million target by 2030. This downturn we're seeing right now in crypto, does that pull that off the table? Does it push it out to 2040? LEAH WALD:Are you asking if I can retire early or now I have to work longer? BRIAN SOZZI:That's another way of looking at it, yes. [LAUGHTER] LEAH WALD:Yeah, exactly. I think that that's pretty lofty. But I do think that an adage that we say in the bitcoin world is, one bitcoin will always equal one bitcoin. As obnoxiously cheeky as that may be, the truth is just this asset class trades very differently. It does trade in certain ways in regards to technical analysis, like any other asset in history. However, it also is following very different dynamics from a fundamental perspective. So I think that we will have to see if we hit that $1 million mark or we continue going down for the next many, many years. But in the end of the day, one bitcoin is still equal to one bitcoin. So trade accordingly, and hedge appropriately. JULIE HYMAN:By the way, congratulations. You mentioned you just come back from maternity leave. Gives you a little new perspective, doesn't it, on these things, I can say from experience. Leah, so as you're talking about this, you know, trade it as it's one bitcoin and hedge accordingly, in addition to running Valkyrie Funds, you personally hold bitcoin as well. Are you adding any bitcoin? And at what price would it become attractive? LEAH WALD:That's a great question. I do hold bitcoin. I hold it in my cold storage so that my hands can't touch it on a daily-- sorry, large dog in the background. I do think that we're looking for buy zones. It always depends, as everyone in finance knows, on your time horizon. If we're looking at a short time horizon, I'm very nervous about these markets. And I think that we're in for a lot of pain, unfortunately, for the next few months, for sure, potentially longer. Of course, we are targeting Q4 with some sort of rebound. If you look at medium and long term, I am always bullish bitcoin. So I do think there's always a good bottom and a good buy to be had, depending on your time horizon. BRIAN SOZZI:Always good to get some time with you, Valkyrie Funds CEO Leah Wald. And welcome back to the grind, too. LEAH WALD:Thank you.... - Reddit Posts (Sample): [['u/Rudeandreckless1', 'Predictions for the CBTC Tour Setlist', 22, '2022-07-05 00:01', 'https://www.reddit.com/r/streetlightmanifesto/comments/vrijah/predictions_for_the_cbtc_tour_setlist/', 'Will there be a new song?\nWhat will they play first?\nAny covers or 99SOR?\n\nAnything else? Just so hyped thinking about it.', 'https://www.reddit.com/r/streetlightmanifesto/comments/vrijah/predictions_for_the_cbtc_tour_setlist/', 'vrijah', [['u/bler123', 32, '2022-07-05 01:03', 'https://www.reddit.com/r/streetlightmanifesto/comments/vrijah/predictions_for_the_cbtc_tour_setlist/ievkr6p/', 'same set they have played for the last 10 years. nothing new.', 'vrijah'], ['u/J23_G0at', 23, '2022-07-05 06:08', 'https://www.reddit.com/r/streetlightmanifesto/comments/vrijah/predictions_for_the_cbtc_tour_setlist/iewjaa5/', 'May sound selfish. But, as long as they play “A better Place, a Better Time”. I’m good. \n\nThat song has helped me, throughout the years. 🥹', 'vrijah']]], ['u/Darken-kun', 'What if Satoshi have created Monero instead of Bitcoin?', 10, '2022-07-05 00:25', 'https://www.reddit.com/r/Monero/comments/vrj1ka/what_if_satoshi_have_created_monero_instead_of/', "Imagine if in 2009, instead of releasing Bitcoin as we know it today, Satoshi had developed a currency that's private from default, with all the technologies we see in Monero (like RingCT, Stealth Addresses, Confidential Transactions, etc).\n\nHe was very concerned about hiding his own identity, and thus, aware of the importance of privacy. I don't see a reason he haven't developed Bitcoin with these technologies from the start, other than he couldn't figure out how to make it completely private back then.\n\nMaximalists claim that transparent transactions on the blockchain were intended by Satoshi, but we'll never know for sure since he left the internet long ago. We can't know if he would approve the privacy features Monero has and implement them on Bitcoin if he could.\n\nSo my question is: If Bitcoin was completely private from the start, would those same maximalists be against it as they're against Monero today?", 'https://www.reddit.com/r/Monero/comments/vrj1ka/what_if_satoshi_have_created_monero_instead_of/', 'vrj1ka', [['u/ArticMine', 14, '2022-07-05 16:23', 'https://www.reddit.com/r/Monero/comments/vrj1ka/what_if_satoshi_have_created_monero_instead_of/iey1qmm/', "It would not have made much difference unless Satoshi has also added two key Monero technologies: \n\n1) The tail emission\n\n2) The adaptive blocksize.\n\nThe above security and scaling issues are the root cause of Bitcoin's problems. Privacy can be improved after the fact. Monero itself is proof of this. Just compare the privacy of Monero at launch in 2014 with Monero's privacy today, or even more what is in the pipeline.\n\nScaling via a tail emission and adaptive blocksize cannot be added years later, after the fact because this entails changing the basic economic supply model. In Bitcoin this means the 21 million BTC limit, and that is not so simple to change.\n\nPrivacy has very little to do with the root problem of Bitcoin. On a sinking ship a private cabin has little value.", 'vrj1ka']]], ['u/zenray', "KARPELES notifying the TRUSTEE JULY 2022 about another 80000 mtgox BTC on address with now known ''owner'' ; D", 27, '2022-07-05 04:02', 'https://www.reddit.com/r/mtgoxinsolvency/comments/vrn0j8/karpeles_notifying_the_trustee_july_2022_about/', '&#x200B;\n\n[https:\\/\\/twitter.com\\/MagicalTux\\/status\\/1542772360062701568](https://preview.redd.it/4w1nwon7pn991.jpg?width=913&format=pjpg&auto=webp&s=f49b16bdcdf697bfe0452b186521485ac94b2ec6)\n\nFor more info scroll down to the updated part of the article\n\n[https://mylegacykit.medium.com/the-faketoshi-tale-of-1feex-5dbeb230a090](https://mylegacykit.medium.com/the-faketoshi-tale-of-1feex-5dbeb230a090)\n\n&#x200B;\n\nWright owes us another 80000BTC... ヽ(´▽\\`)/\n\nSelf confessed thief ... NOICE!\n\nEdit:\n\n1.thx for all the luv for bringing u information\n\n2. I do not claim we ever see a sat from the 80k he is claiming he literally he stole from us, he does not have the priv key, he never did. But we have a shot at his estate including any of the millions of BTC he is suing many people about. He is not a poor crook.\n\n&#x200B;', 'https://www.reddit.com/r/mtgoxinsolvency/comments/vrn0j8/karpeles_notifying_the_trustee_july_2022_about/', 'vrn0j8', [['u/mrtuna', 19, '2022-07-05 05:25', 'https://www.reddit.com/r/mtgoxinsolvency/comments/vrn0j8/karpeles_notifying_the_trustee_july_2022_about/ieweu97/', "I'm guessing nothing comes of this", 'vrn0j8'], ['u/TheoHW', 11, '2022-07-05 08:08', 'https://www.reddit.com/r/mtgoxinsolvency/comments/vrn0j8/karpeles_notifying_the_trustee_july_2022_about/iewtyy7/', 'or extra 3 years of proceedings', 'vrn0j8'], ['u/pigfacepigbody', 10, '2022-07-05 10:05', 'https://www.reddit.com/r/mtgoxinsolvency/comments/vrn0j8/karpeles_notifying_the_trustee_july_2022_about/iex2uwh/', "I have received about 70000 emails from the trustees, provided them my ID and payment details multiple times, filled out countless claim forms, been sent endless rabbit hole processes to complete \n\nHonestly I feel more ripped off by this process than the initial robbery, I know I'm never getting that money\n\nJust go enjoy it on a yacht you fuckwits", 'vrn0j8'], ['u/thisisclemfandango', 31, '2022-07-05 10:26', 'https://www.reddit.com/r/mtgoxinsolvency/comments/vrn0j8/karpeles_notifying_the_trustee_july_2022_about/iex4cuk/', "This sub should require a grade 4 reading comprehension test to comment.\n\n\nThe article is about Craig Wright pretending to be owner of 1feex (80k btc) address and the internet calling him out on his bullshit.\n\n\nUnless you believe Craig Wright is Satoshi there is not a chance you, the trustee, your wife's boyfriend is going to get their hands on the 1feex wallet.\n\n\nMods I know you're likely inundated with sesame peanut brittle recipes and other shitposts to this sub but can we take this misinfo down? It really is spreading FUD/hope that we're going to get anything but a subpar happy ending to this circus.", 'vrn0j8']]], ['u/bit_hodler21', 'Bitcoin Giveaway!', 129, '2022-07-05 04:09', 'https://www.reddit.com/r/Bitcoin/comments/vrn4fo/bitcoin_giveaway/', "Hey everyone! feeling a bit generous today. I am giving away 100,000 sats! please post your lightning address below and I will send 1000 sats.\n\n*\\\\NOTE: This is on a first-come first-served basis once I run out there will be no more donations!\\\\*\n\n&#x200B;\n\nEdit:*\n\nThis is taking forever, I will now be upping the value to 5,000 sats per person. If you have already received 1,000 sats. Don't worry there will be another round of this in the future. Thanks for everyone's understanding!\n\n&#x200B;\n\nCurrent sats left: 80,000 sats\n\n&#x200B;\n\nFinal Edit:\n\n# NO MORE BITCOIN LEFT!!!\n\nThank you all for your patience and kind words, enjoy! [🎉](https://emojipedia.org/party-popper/)\n\n&#x200B;\n\nSENDING TO LIGHTNING ADDRESSES ONLY!\n\nRULES:\n\nYou must have been a user for at least a week to receive sats (to prevent double-dippers)\n\n&#x200B;\n\nWhy am I doing this?*\n\nI am giving away sats simply because I would like to spread the wealth of btc and get people excited about using the bitcoin/lightning network as a whole as well as a means of exchange. The more people that get inspired the better it is for bitcoin!", 'https://www.reddit.com/r/Bitcoin/comments/vrn4fo/bitcoin_giveaway/', 'vrn4fo', [['u/JRhod3sie', 45, '2022-07-05 04:32', 'https://www.reddit.com/r/Bitcoin/comments/vrn4fo/bitcoin_giveaway/iew93cr/', 'Am I the only one who doesn’t trust this kind of shit. OPs on here for 6 weeks. How do u trust there is nothing nefarious?', 'vrn4fo'], ['u/bit_hodler21', 15, '2022-07-05 04:34', 'https://www.reddit.com/r/Bitcoin/comments/vrn4fo/bitcoin_giveaway/iew99qp/', "Literally giving money away man. Guess i'm pure EVIL!!! >:)", 'vrn4fo'], ['u/DatBuridansAss', 15, '2022-07-05 05:13', 'https://www.reddit.com/r/Bitcoin/comments/vrn4fo/bitcoin_giveaway/iewdjo3/', "It's a good opportunity to think through the downside risk. What could he possibly do with a lightning invoice?", 'vrn4fo'], ['u/JRhod3sie', 13, '2022-07-05 05:21', 'https://www.reddit.com/r/Bitcoin/comments/vrn4fo/bitcoin_giveaway/ieweeal/', 'Idk I don’t know enough that’s why I’m asking. I’m just skeptical of everything I guess', 'vrn4fo'], ['u/DatBuridansAss', 15, '2022-07-05 05:27', 'https://www.reddit.com/r/Bitcoin/comments/vrn4fo/bitcoin_giveaway/iewf2k5/', "Well I suppose the worst thing OP could do, as far as I can tell, is maybe tie your reddit username with your lightning address. But lightning is a good deal more private than the base layer, so I don't see what he could do with that information. \n\nNo, to me what is more likely is that OP has a personal desire to see lightning continue to grow. A good way to do that is to send modest amounts to all sorts of people and hope that it helps to get them interested. \n\nFwiw I gave him an address and he sent me 1000 sats.", 'vrn4fo'], ['u/DatBuridansAss', 13, '2022-07-05 05:35', 'https://www.reddit.com/r/Bitcoin/comments/vrn4fo/bitcoin_giveaway/iewfx2t/', "Sure. Also, 1000 sats at current prices is like 20 cents...so. I mean yeah it's generous to give money to strangers, but he's literally taking 20 bucks and splitting it into a hundred equal pieces and giving it away to people.", 'vrn4fo'], ['u/marshyr3d1and', 14, '2022-07-05 06:40', 'https://www.reddit.com/r/Bitcoin/comments/vrn4fo/bitcoin_giveaway/iewmabg/', "It's the principle dude, not the amount", 'vrn4fo']]], ['u/francis105d1', 'Bitcoin LN vs. Bitcoin Cash the real Bitcoin. BCH wins.', 24, '2022-07-05 04:27', 'https://www.reddit.com/r/btc/comments/vrngj6/bitcoin_ln_vs_bitcoin_cash_the_real_bitcoin_bch/', '[https://twitter.com/francis105d1/status/1544145302797504512](https://twitter.com/fr... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['HIVE Blockchain Technologies Ltd. This news release constitutes a "designated news release" for the purposes of the Company\'s prospectus supplement dated February 2, 2021 to its amended and restated short form base shelf prospectus dated January 4, 2022. VANCOUVER, British Columbia, July 05, 2022 (GLOBE NEWSWIRE) -- HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (Nasdaq: HIVE) (FSE: HBFA) (the “Company” or “HIVE”) announces that it expects that its annual report on Form 40-F (the “Form 40-F”), which contains its annual audited financial statements, as well was its CEO and CFO certifications and its management discussion and analysis filing in Canada for the fiscal year ended March 31, 2022 (collectively, the “Annual Filings”) will be released after the scheduled filing date of June 29, 2022. The Company currently anticipates being able to file the Annual Filings on or before July 15, 2022. As a result of the delayed filing, the Company received a letter dated July 1, 2022 (the "Letter") from the Listing Qualifications Department of the Nasdaq Stock Market ("Nasdaq") notifying the Company that it was not in compliance with the requirements of Nasdaq Listing Rule 5250(c)(1) due to not having timely filed the 40-F. The Letter has no immediate effect on the listing or trading of HIVE’s common shares on the Nasdaq Capital Market. The Letter states that the Company is required to submit a plan to regain compliance with Rule 5250(c)(1) within 60 calendar days. If the plan is accepted by Nasdaq, then Nasdaq can grant the Company up to 180 calendar days from the due date of the Form 40-F to regain compliance. The Company has been late in the preparation of the Annual Filings due to a combination of factors including (i) the challenge of meeting the shorter filing deadline for non-venture issuers in Canada due to the Company’s recent listing on the NASDAQ and (ii) the rapid increase in the Company’s growth and the accompanying increase in the number of transactions. The Company does not anticipate such difficulties with future filings and is making arrangements to satisfy all filing requirements for future year ends, including hiring additional finance staff. Story continues About HIVE Blockchain Technologies Ltd. HIVE Blockchain Technologies Ltd. went public in 2017 as the first cryptocurrency mining company with a green energy and ESG strategy. HIVE is a growth-oriented technology stock in the emergent blockchain industry. As a company whose shares trade on a major stock exchange, we are building a bridge between the digital currency and blockchain sector and traditional capital markets. HIVE owns state-of-the-art, green energy-powered data centre facilities in Canada, Sweden, and Iceland, where we source only green energy to mine on the cloud and HODL both Ethereum and Bitcoin. Since the beginning of 2021, HIVE has held in secure storage the majority of its ETH and BTC coin mining rewards. Our shares provide investors with exposure to the operating margins of digital currency mining, as well as a portfolio of cryptocurrencies such as ETH and BTC. Because HIVE also owns hard assets such as data centers and advanced multi-use servers, we believe our shares offer investors an attractive way to gain exposure to the cryptocurrency space. We encourage you to visit HIVE’s YouTube channel here to learn more about HIVE. For more information and to register to HIVE’s mailing list, please visit www.HIVEblockchain.com . Follow @HIVEblockchain on Twitter and subscribe to HIVE’s YouTube channel . On Behalf of HIVE Blockchain Technologies Ltd. “Frank Holmes” Executive Chairman For further information please contact: Frank Holmes Tel: (604) 664-1078 Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release Forward-Looking Information Except for the statements of historical fact, this news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates and projections as at the date of this news release. “Forward-looking information” in this news release includes, but is not limited to, business goals and objectives of the Company; statements and information regarding the timing for the filings of the Annual Filings; and other forward-looking information concerning the intentions, plans and future actions of the parties to the transactions described herein and the terms thereon. Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to, the reliance of the Company on its auditors and management with respect to the Annual Filings, the volatility of the digital currency market; the Company’s ability to successfully mine digital currency; the Company may not be able to profitably liquidate its current digital currency inventory as required, or at all; a material decline in digital currency prices may have a significant negative impact on the Company’s operations; the volatility of digital currency prices; continued effects of the COVID-19 pandemic may have a material adverse effect on the Company’s performance as supply chains are disrupted and prevent the Company from carrying out its expansion plans or operating its assets; and other related risks as more fully set out in the registration statement of Company and other documents disclosed under the Company’s filings at www.sec.gov/EDGAR and www.sedar.com . The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about the Company’s objectives, goals or future plans, the timing thereof and related matters. The Company has also assumed that no significant events occur outside of the Company’s normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.', 'This news release constitutes a "designated news release" for the purposes of the Company\'s prospectus supplement dated February 2, 2021 to its amended and restated short form base shelf prospectus dated January 4, 2022.\nVANCOUVER, British Columbia, July 05, 2022 (GLOBE NEWSWIRE) -- HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (Nasdaq: HIVE) (FSE: HBFA) (the “Company” or “HIVE”) announces that it expects that its annual report on Form 40-F (the “Form 40-F”), which contains its annual audited financial statements, as well was its CEO and CFO certifications and its management discussion and analysis filing in Canada for the fiscal year ended March 31, 2022 (collectively, the “Annual Filings”) will be released after the scheduled filing date of June 29, 2022. The Company currently anticipates being able to file the Annual Filings on or before July 15, 2022. As a result of the delayed filing, the Company received a letter dated July 1, 2022 (the "Letter") from the Listing Qualifications Department of the Nasdaq Stock Market ("Nasdaq") notifying the Company that it was not in compliance with the requirements of Nasdaq Listing Rule 5250(c)(1) due to not having timely filed the 40-F. The Letter has no immediate effect on the listing or trading of HIVE’s common shares on the Nasdaq Capital Market. The Letter states that the Company is required to submit a plan to regain compliance with Rule 5250(c)(1) within 60 calendar days. If the plan is accepted by Nasdaq, then Nasdaq can grant the Company up to 180 calendar days from the due date of the Form 40-F to regain compliance.\nThe Company has been late in the preparation of the Annual Filings due to a combination of factors including (i) the challenge of meeting the shorter filing deadline for non-venture issuers in Canada due to the Company’s recent listing on the NASDAQ and (ii) the rapid increase in the Company’s growth and the accompanying increase in the number of transactions. The Company does not anticipate such difficulties with future filings and is making arrangements to satisfy all filing requirements for future year ends, including hiring additional finance staff.\nAbout HIVE Blockchain Technologies Ltd.\nHIVE Blockchain Technologies Ltd. went public in 2017 as the first cryptocurrency mining company with a green energy and ESG strategy.\nHIVE is a growth-oriented technology stock in the emergent blockchain industry. As a company whose shares trade on a major stock exchange, we are building a bridge between the digital currency and blockchain sector and traditional capital markets. HIVE owns state-of-the-art, green energy-powered data centre facilities in Canada, Sweden, and Iceland, where we source only green energy to mine on the cloud and HODL both Ethereum and Bitcoin. Since the beginning of 2021, HIVE has held in secure storage the majority of its ETH and BTC coin mining rewards. Our shares provide investors with exposure to the operating margins of digital currency mining, as well as a portfolio of cryptocurrencies such as ETH and BTC. Because HIVE also owns hard assets such as data centers and advanced multi-use servers, we believe our shares offer investors an attractive way to gain exposure to the cryptocurrency space.\nWe encourage you to visit HIVE’s YouTube channelhereto learn more about HIVE.\nFor more information and to register to HIVE’s mailing list, please visitwww.HIVEblockchain.com. Follow@HIVEblockchain on Twitterand subscribe toHIVE’s YouTube channel.\nOn Behalf of HIVE Blockchain Technologies Ltd.“Frank Holmes”Executive Chairman\nFor Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-07-06 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $384,433,588,948 - Hash Rate: 186682514.1001857 - Transaction Count: 267118.0 - Unique Addresses: 687966.0 Social & AI Sentiment: - Fear & Greed Index: 0.18 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Don't miss CoinDesk's Consensus 2022 , the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12. Bitcoin ( BTC ) and other cryptos traded lower on Friday despite another move upward in stocks. Crypto traders are still in risk-off mode after experiencing almost nine consecutive weeks of negative returns. BTC is on track for a 27% decline this month, although it is up 10% from its recent extreme low at $25,840 on May 12. The cryptocurrency is still down by 40% so far this year, compared with a 13% drop in the S&P 500 and a 22% dip in the Nasdaq 100 over the same period. So far, it has been a tough year for all speculative assets. Just launched! Please sign up for our daily Market Wrap newsletter explaining what happens in crypto markets – and why. Over the short term, however, prices could stabilize. " There’s been massive short selling over the last few weeks, which may presage a short squeeze in the weeks ahead. Month-end rebalancing flows may also help," David Duong, head of institutional research at Coinbase , wrote in a Friday newsletter. And on the macro front, MRB Partners , a global investment research firm, expects equity markets to rebound should global growth conditions prove resilient. The firm is"[a]ssuming interest rate expectations and bond yields stay calm for a period of time, which is probable as inflation will temporarily decelerate, first in the U.S. and then elsewhere. Central banks, in turn, likely will briefly cool their newfound hawkishness," MRB wrote in an email. The short-term rise in stocks could be a tailwind for crypto, assuming the high correlation between both assets remains intact. In contrast, perhaps the decline in cryptos signals limited upside in stocks as risk-off sentiment prevails. Latest prices ● Bitcoin (BTC): $28,940, −1.83% ● Ether (ETH): $1,760, −4.35% ● S&P 500 daily close: 4,158, +2.47% ● Gold: $1,857 per troy ounce, +0.51% ● Ten-year Treasury yield daily close: 2.74% Story continues Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found at coindesk.com/indices. Volatility subsides, for now The chart below shows the recent decline in BTC's short-term implied volatility. That suggests option traders have expected price swings to stabilize after BTC briefly dipped toward $28,000 on Thursday. For now, bitcoin remains stuck in a tight range as volatility returned to normal levels. But over a six-month horizon (second chart), implied volatility remains elevated, and there has been stronger demand for puts (downside protection) versus calls. Bitcoin implied volatility (Skew) Bitcoin implied volatility, zoomed out (Skew) Altcoin roundup DOGE briefly jumped on SpaceX tweet: Tesla (TSLA) CEO Elon Musk tweeted Friday morning ET that merchandise for SpaceX, his space exploration startup, will soon be able to be bought with dogecoin, just as it can be for Tesla merchandise. The price of DOGE jumped as much as 10% to nearly 9 cents immediately following the tweet, before giving back most of those gains later in the New York trading day. Read more here . Tether's dollar-pegged stablecoin expansion via Polygon: Tether has launched its USDT token on Polygon, an Ethereum scaling platform, meaning the largest stablecoin by market capitalization is now available on more than 11 blockchains, the company said. The addition of USDT, which is tied 1:1 to the dollar and has a market cap of over $73 billion, will help support Polygon's decentralized finance (DeFi) ecosystem. Read more here . New Terra blockchain launch expected Saturday: Terra’s new blockchain will be launched on Saturday followed by an airdrop of new LUNA tokens to users as part of a broader plan to revive the ecosystem, developers confirmed Friday. “The community has been working around the clock to coordinate the new chain’s launch,” Terra developers said in a tweet on Friday morning. “Subject to potential change, we expect Terra to go live on May 28th, 2022 at around 06:00 AM UTC.” Read more here . Relevant insight Cardano’s Hoskinson: Luna Collapse Shows Need to Go Slow in Crypto: “If you move too quickly … everybody loses their money,” says Charles Hoskinson, who will speak at Consensus 2022 next month. UK Crypto Hedge Fund Weathers Market Storm With Arbitrage Strategy: Nickel Digital Asset Management’s arbitrage fund is only down about 0.6% this year, compared with bitcoin’s drop of roughly 40% and the Nasdaq’s dip of 24%. The Crypto Community Says the UK's FCA Is Finally Starting to Listen: The British regulatory agency's first CryptoSprint was focused on digital asset information disclosure, custody and other regulatory obligations. Ether Accounts for Almost Half of $520M Liquidations Amid Weak On-Chain Data: Traders of ether futures saw liquidations nearly double those of bitcoin in an unusual move. Top Latin American Crypto Exchange Bitso Lays Off 80 Employees: The company, which had more than 700 workers before the cuts, counts four million users in the region. Other markets Most digital assets in the CoinDesk 20 ended the day lower. Biggest Gainers Asset Ticker Returns DACS Sector Dogecoin DOGE +1.9% Currency Ethereum Classic ETC +1.2% Smart Contract Platform Polkadot DOT +0.6% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Solana SOL −5.2% Smart Contract Platform Cardano ADA −5.1% Smart Contract Platform Filecoin FIL −5.0% Computing Sector classifications are provided via the Digital Asset Classification Standard (DACS) , developed by CoinDesk Indices to provide a reliable, comprehensive and standardized classification system for digital assets. The CoinDesk 20 is a ranking of the largest digital assets by volume on trusted exchanges.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['• It was a bullish Wednesday for the crypto to ten, with Solana (SOL) and Ethereum (ETH) leading the way.\n• While sliding crude oil prices highlighted market fears for an economic recession, upbeat stats from the US delivered the NASDAQ 100 and the crypto market support.\n• The total crypto market cap rose by $19 billion to mark the fourth increase in five sessions.\nIt was a bullish Wednesday session for thecryptotop ten. Bitcoin (BTC) continued to inch towards $21,000, last visited on June 28.SOLand ETH found the strongest support to lead the crypto top ten.\nInvestor jitters over a European economic recession continued to test support for riskier assets. The ongoing war in Ukraine and an energy crisis amidst a shift in central bank monetary policy remain tests of investor resilience.\nHowever, the markets brushed aside the market headwinds, with positive US economic indicators supporting the equity and crypto markets.\nAt the time of writing, the NASDAQ 100 Mini was down 29.5 points.\nAnother choppy session saw the crypto market cap fall to a low of $867 billion before jumping to a high of $908 billion.\nNASDAQ 100 support was the key to a return to $900 billion levels. While bullish on the day, crypto market headwinds linger.\nA global economic recession, a likely shift in the crypto regulatory landscape, and an extension of the crypto winter would test investor resilience. Fed monetary policy will also be a consideration over the near term.\nSOLandETHrallied by 4.67% and 4.80%, respectively, to lead the way, withBNBgaining 3.38%.\nADA(+1.09%),BTC(+1.91%),DOGE(+1.89%), andXRP(+2.15%) trailed the front runners.\nFrom theCoinMarketCaptop 100, THORChain (RUNE), The Sandbox (SAND), and STEPN (GMT) led the way. RUNE rallied by 9.5%, with SAND and GMT gaining 6.5% and 6.8%, respectively.\nAt the other end of the table, TerraClassicUSD (USTC) saw the heaviest loss for a second consecutive day, sliding by 13%.\nTotal Crypto Liquidations Reflect Improving Market Conditions\n24-hour liquidations fell back going into the Thursday session.\nThis morning, 24-hour liquidations stood at $101 million, down from $170.7 million on Wednesday.\nLiquidated traders over the last 24 hours also decreased. At the time of writing, liquidated traders stood at 30,986 versus 54,606 on Wednesday morning.\nHowever, one-hour liquidation figures suggested deteriorating market conditions at the turn of the day.\nAccording toCoinglass, one-hour liquidations stood at $24.4 million versus $3.31 million on Wednesday. Investors will need to monitor the one-hour liquidation figures for any further rise that could pressure the crypto market.\n• MetaplansNFT launch despite current market conditions.\n• UK governmentseekspublic contribution to DeFi taxation.\n• Crypto lender Voyager Digitalfiledfor Chapter 11 bankruptcy.\n• US lawmakersmakeno progress towards a CBDC.\n• Binanceannouncedthe launch of zero-free bitcoin (BTC) trading to commemorate the fifth anniversary.\nThisarticlewas originally posted on FX Empire\n• Stocks in the doldrums as euro founders on recession fears\n• Australia’s Crown taps Wynn Macau COO as top boss after Blackstone takeover\n• Cost-of-living crisis driving ‘breathtaking’ surge in extreme poverty – UNDP\n• Australia expands fourth COVID dose rollout amid fresh Omicron threat\n• EUR/USD Forex Technical Analysis – Hovering Near 20-Year Low as Europe’s Energy Woes Weigh\n• China’s Xiaomi produces first smartphones in Vietnam', 'Key Insights: It was a bullish Wednesday for the crypto to ten, with Solana (SOL) and Ethereum (ETH) leading the way. While sliding crude oil prices highlighted market fears for an economic recession, upbeat stats from the US delivered the NASDAQ 100 and the crypto market support. The total crypto market cap rose by $19 billion to mark the fourth increase in five sessions. It was a bullish Wednesday session for the crypto top ten. Bitcoin ( BTC ) continued to inch towards $21,000, last visited on June 28. SOL and ETH found the strongest support to lead the crypto top ten. Investor jitters over a European economic recession continued to test support for riskier assets. The ongoing war in Ukraine and an energy crisis amidst a shift in central bank monetary policy remain tests of investor resilience. However, the markets brushed aside the market headwinds, with positive US economic indicators supporting the equity and crypto markets. Total Market Cap – NASDAQ – WTI 070722 15 Min Chart At the time of writing, the NASDAQ 100 Mini was down 29.5 points. The Total Crypto Market Cap Bounces Back to $900bn Another choppy session saw the crypto market cap fall to a low of $867 billion before jumping to a high of $908 billion. Total Market Cap 070722 Daily Chart NASDAQ 100 support was the key to a return to $900 billion levels. While bullish on the day, crypto market headwinds linger. A global economic recession, a likely shift in the crypto regulatory landscape, and an extension of the crypto winter would test investor resilience. Fed monetary policy will also be a consideration over the near term. The Crypto Market Movers and Shakers from the Top Ten and Beyond SOL and ETH rallied by 4.67% and 4.80%, respectively, to lead the way, with BNB gaining 3.38%. ADA (+1.09%), BTC (+1.91%), DOGE (+1.89%), and XRP (+2.15%) trailed the front runners. From the CoinMarketCap top 100, THORChain ( RUNE ), The Sandbox ( SAND ), and STEPN ( GMT ) led the way. RUNE rallied by 9.5%, with SAND and GMT gaining 6.5% and 6.8%, respectively. At the other end of the table, TerraClassicUSD ( USTC ) saw the heaviest loss for a second consecutive day, sliding by 13%. Story continues Total Crypto Liquidations Reflect Improving Market Conditions 24-hour liquidations fell back going into the Thursday session. This morning, 24-hour liquidations stood at $101 million, down from $170.7 million on Wednesday. Liquidated traders over the last 24 hours also decreased. At the time of writing, liquidated traders stood at 30,986 versus 54,606 on Wednesday morning. However, one-hour liquidation figures suggested deteriorating market conditions at the turn of the day. According to Coinglass , one-hour liquidations stood at $24.4 million versus $3.31 million on Wednesday. Investors will need to monitor the one-hour liquidation figures for any further rise that could pressure the crypto market. Total Crypto Liquidations 070722 Daily News Highlights Meta plans NFT launch despite current market conditions. UK government seeks public contribution to DeFi taxation. Crypto lender Voyager Digital filed for Chapter 11 bankruptcy. US lawmakers make no progress towards a CBDC. Binance announced the launch of zero-free bitcoin (BTC) trading to commemorate the fifth anniversary. This article was originally posted on FX Empire More From FXEMPIRE: Stocks in the doldrums as euro founders on recession fears Australia’s Crown taps Wynn Macau COO as top boss after Blackstone takeover Cost-of-living crisis driving ‘breathtaking’ surge in extreme poverty – UNDP Australia expands fourth COVID dose rollout amid fresh Omicron threat EUR/USD Forex Technical Analysis – Hovering Near 20-Year Low as Europe’s Energy Woes Weigh China’s Xiaomi produces first smartphones in Vietnam', '• While it was another choppy session, bitcoin (BTC) rose by 1.91% to end the day at $20,545.\n• While recession fears continued to hit crude oil prices, the NASDAQ 100 delivered bitcoin support through the US session.\n• However, technical indicators remained bearish, with bitcoin below the 100-day EMA.\nOn Wednesday, bitcoin (BTC) rose by 1.91%. Reversing a 0.27% decline from Tuesday, bitcoin ended the day at $20,545.\nA bearish morning saw BTC fall to a low of $19,750.\nSteering clear of the First Major Support Level at $19,390, BTC rallied to a high of $20,638.\nHowever, falling short of the First Major Resistance Level at $20,827, bitcoin eased back to end the day at sub-$20,600.\nEconomic indicators from the US delivered NASDAQ 100 support. The all-important ISM Non-Manufacturing PMI slipped from 55.9 to 55.3, beating forecasts of a decline to 54.3.\nJOLTs job openings also painted a healthy picture, with job openings at 11.254 million in May. In April, openings had stood at $11.681 million.\nWhile the NASDAQ found support, more widespread fears of a recession in the Eurozone and beyond weighed on crude oil prices, leaving the inverse correlation between bitcoin and WTI in place.\nToday, US ADP Nonfarm Employment Change and weekly jobless claim figures will also draw interest.\nAt the time of writing, the NASDAQ 100 Mini was up by 1 point.\nThis morning, the Fear & Greed Index held steady at 18/100. While bitcoin found support on Wednesday, crypto market headwinds linger, leaving downside risks in play.\nThe failure of the Index to move towards the “Fear” zone reflected the prevailing market headwinds.\nHowever, for the bitcoin bulls, avoiding a return to sub-14/100 remained bitcoin positive.\nA resumption of the latest upward trend towards the 25/100 and the “Fear” zone would also deliver further BTC support.\nThe Index last sat in the “Fear” zone on May 5, when bitcoin stood at $36,630.\nAt the time of writing, BTC was down 0.07% to $20,530.\nA mixed start to the day saw BTC rise to an early high of $20,575 before falling to a low of $20,472.\nBTC left the Major Support and Resistance Levels untested early on.\nBTC will need to avoid the $20,314pivotto test the First Major Resistance Level (R1) at $20,875 and resistance at $21,000.\nBTC would need NASDAQ 100 Mini support to breakout from the Wednesday high of $20,578.\nAn extended rally would test the Second Major Resistance Level (R2) at $21,196 and resistance at $21,500. The Third Major Resistance Level (R3) sits at $22,087.\nA fall through the pivot would bring the First Major Support Level (S1) at $19,982 into play.\nBarring an extended sell-off, BTC should avoid sub-$19,500 and the Second Major Support Level (S2) at $19,423.\nThe Third Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-07-07 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $397,653,142,656 - Hash Rate: 227544125.37384427 - Transaction Count: 281435.0 - Unique Addresses: 691644.0 Social & AI Sentiment: - Fear & Greed Index: 0.18 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Key Insights: Every crypto asset in the top 50 has more than $1B market capitalization. Bloomberg began tracking Bitcoin prices in 2013. Institutional interest is still prevalent despite the bear market. On June 9, Bloomberg announced the expansion of its industry-leading coverage of assets to include the top 50 cryptocurrencies by market capitalization. Clients can now use the Terminal to monitor intraday pricing for an expanded selection of crypto assets, indices, and futures contracts in real-time. The Bloomberg Terminal is a subscription-based computer software system that professionals use to analyze real-time financial markets. It began offering data on Bitcoin ( BTC ) prices back in 2013 when the asset was trading at around $100 before its massive surge to over $1,100 at the end of the year. In 2018 Bloomberg expanded the Terminal to cover the top ten crypto assets and now the top 50 due to increased institutional interest, according to the announcement . Testament to Growth Each of these digital assets now has a market capitalization of over a billion dollars, even in a bear market which is a testament to how much the crypto token industry has grown in recent years. In late 2018, just a handful of cryptocurrencies had more than a billion dollars in market cap. At the time of writing, decentralized finance platform Aave held the number 50 spot with its native token of the same name ( AAVE ) with a market cap of $1.3 billion. The Bloomberg vetting process includes assessments of institutional custody support, trading access, market capitalization, and consistency of turnover. Alex Wenham, product manager for cryptocurrencies at Bloomberg, said that their mission is to “help the global institutional investor community to seamlessly incorporate digital assets into their workflows” before adding: “As this market develops, we will continue to evolve our data-driven offerings to help our clients define and develop their strategies in this space.” Story continues The move comes at a time when larger financial institutions are entering the space. This week it was reported that investment firms Fidelity and Schwab will be working with hedge fund manager Citadel Securities to develop a cryptocurrency marketplace for institutional clients. Crypto Winter Deepens The move also comes at a time of crypto market contraction as the bears show no signs of loosening their grip on markets. Another couple of percentage points have been lost from the total market capitalization, which has fallen to $1.28 trillion over the past 12 hours or so. However, markets have been mainly consolidating over the past month since their giant slide in April and early May. The total market cap is currently 58.4%, down from its $3 trillion peak in November 2021. Bitcoin has fallen 1.2% on the day, dipping below $30,000, while Ethereum ( ETH ) 1% sliding to $1,778 at the time of writing. Most altcoins are also in the red during the Friday morning Asian trading session. This article was originally posted on FX Empire More From FXEMPIRE: Tesla’s China output decline trending deeper than Musk forecast, data and internal memos show Norway to return its military helicopters, seek repayment from NH Industries Asian stocks track global shares lower, U.S. CPI in focus EBRD may invest in Sberbank unit if it becomes Kazakhistan asset Dollar takes breather ahead of U.S. inflation test GSK’s RSV vaccine succeeds in late-stage trial for older adults... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Key Insights: It was a bullish Thursday for the crypto to ten, with bitcoin (BTC) leading the way with a breakout to a day high of $21,840. A sharp pickup in demand for riskier assets supported a 2.28% NASDAQ rally fueled by hints from the Fed of a less aggressive rate path trajectory. The total crypto market cap rose by $35 billion to record the fifth increase in six sessions. It was a bullish Thursday session for the crypto top ten. Bitcoin ( BTC ) led the way, with SOL and ETH close behind. Investors brushed aside fears of a global economic recession, with the FOMC meeting minutes from Wednesday driving demand for riskier assets. The FOMC meeting minutes highlighted the risk of rate hikes having a ‘larger-than-expected effect on economic growth.’ Prior to the minutes, the markets had priced in a 75 basis point rate hike for July. However, the minutes revealed that participants judged a 50 or 75 basis point increase as appropriate. Total Market Cap – NASDAQ – 080722 5 Min Chart At the time of writing, the NASDAQ 100 Mini was down 32.5 points. The Total Crypto Market Cap Jumps on Fed Minutes A bearish start to the session saw the crypto market cap fall to a low of $889 billion before jumping to a high of $945 billion. NASDAQ 100 support was the key to the move back toward $1,000 billion levels. While bullish on the day, crypto market headwinds linger. The threat of a global economic recession remains real, as does a likely shift in the crypto regulatory landscape. From a monetary policy perspective, while Fed concern over the impact of policy on economic growth prospects delivered relief, the Fed has stated its commitment to bringing inflation to target at any cost. The Crypto Market Movers and Shakers from the Top Ten and Beyond BTC rallied by 5.19% to lead the way, with SOL (+3.88%) and ETH (+4.35%) close behind. ADA (+3.46%), BNB (+1.26%), DOGE (+3.13%), and XRP (+3.13%) also found strong support. From the CoinMarketCap top 100, Storj ( STORJ ), Aave ( AAVE ), and Internet Computer ( ICP ) led the way. STORJ rallied by 15%, with AAVA and ICP gaining 13% and 11%, respectively. Story continues Maker ( MKR ) and KuCoin Token ( KCS ) were among a handful of cryptos to buck the trend. MKR fell by 0.53%, with KCS falling by 0.60%. Total Crypto Liquidations Reflect Improving Market Conditions Despite the bullish session, 24-hour liquidations rose through the Thursday session. This morning, 24-hour liquidations stood at $169 million, up from $101 million on Thursday morning. Liquidated traders over the last 24 hours also increased. At the time of writing, liquidated traders stood at 42,406 versus 30,986 on Thursday. However, one-hour liquidation figures suggested improving market conditions at the turn of the day. According to Coinglass , one-hour liquidations stood at $1.36 million, down from $24.4 million on Thursday. A fall back to sub-$1 million levels would suggest another bullish day ahead. Total Crypto Liquidations 080722 Daily News Highlights Crema Finance hacker returned $8 million for a $1.6 million bounty. The US banned crypto-owning government officials from working on regulations. Polygon is set to deliver a DeFi Overhaul with the launch of Avail. SEC filed a motion to limit Ripple Lab expert testimony. This article was originally posted on FX Empire More From FXEMPIRE: Reaction to shooting of Japan’s former PM Abe British navy says it seized smuggled Iranian missiles Instant View: Japan’s ex-Prime Minister Abe shot, condition unknown Australia seeks to stabilise China ties, says FM Wong ahead of meeting China holds combat exercises around Taiwan as U.S. senator visits Japan’s Abe shot while making election speech, taken to hospital', 'Key Insights: It was a bullish Thursday for the crypto to ten, with bitcoin (BTC) leading the way with a breakout to a day high of $21,840. A sharp pickup in demand for riskier assets supported a 2.28% NASDAQ rally fueled by hints from the Fed of a less aggressive rate path trajectory. The total crypto market cap rose by $35 billion to record the fifth increase in six sessions. It was a bullish Thursday session for the crypto top ten. Bitcoin ( BTC ) led the way, with SOL and ETH close behind. Investors brushed aside fears of a global economic recession, with the FOMC meeting minutes from Wednesday driving demand for riskier assets. The FOMC meeting minutes highlighted the risk of rate hikes having a ‘larger-than-expected effect on economic growth.’ Prior to the minutes, the markets had priced in a 75 basis point rate hike for July. However, the minutes revealed that participants judged a 50 or 75 basis point increase as appropriate. Total Market Cap – NASDAQ – 080722 5 Min Chart At the time of writing, the NASDAQ 100 Mini was down 32.5 points. The Total Crypto Market Cap Jumps on Fed Minutes A bearish start to the session saw the crypto market cap fall to a low of $889 billion before jumping to a high of $945 billion. NASDAQ 100 support was the key to the move back toward $1,000 billion levels. While bullish on the day, crypto market headwinds linger. The threat of a global economic recession remains real, as does a likely shift in the crypto regulatory landscape. From a monetary policy perspective, while Fed concern over the impact of policy on economic growth prospects delivered relief, the Fed has stated its commitment to bringing inflation to target at any cost. The Crypto Market Movers and Shakers from the Top Ten and Beyond BTC rallied by 5.19% to lead the way, with SOL (+3.88%) and ETH (+4.35%) close behind. ADA (+3.46%), BNB (+1.26%), DOGE (+3.13%), and XRP (+3.13%) also found strong support. From the CoinMarketCap top 100, Storj ( STORJ ), Aave ( AAVE ), and Internet Computer ( ICP ) led the way. STORJ rallied by 15%, with AAVA and ICP gaining 13% and 11%, respectively. Story continues Maker ( MKR ) and KuCoin Token ( KCS ) were among a handful of cryptos to buck the trend. MKR fell by 0.53%, with KCS falling by 0.60%. Total Crypto Liquidations Reflect Improving Market Conditions Despite the bullish session, 24-hour liquidations rose through the Thursday session. This morning, 24-hour liquidations stood at $169 million, up from $101 million on Thursday morning. Liquidated traders over the last 24 hours also increased. At the time of writing, liquidated traders stood at 42,406 versus 30,986 on Thursday. However, one-hour liquidation figures suggested improving market conditions at the turn of the day. According to Coinglass , one-hour liquidations stood at $1.36 million, down from $24.4 million on Thursday. A fall back to sub-$1 million levels would suggest another bullish day ahead. Total Crypto Liquidations 080722 Daily News Highlights Crema Finance hacker returned $8 million for a $1.6 million bounty. The US banned crypto-owning government officials from working on regulations. Polygon is set to deliver a DeFi Overhaul with the launch of Avail. SEC filed a motion to limit Ripple Lab expert testimony. This article was originally posted on FX Empire More From FXEMPIRE: Reaction to shooting of Japan’s former PM Abe British navy says it seized smuggled Iranian missiles Instant View: Japan’s ex-Prime Minister Abe shot, condition unknown Australia seeks to stabilise China ties, says FM Wong ahead of meeting China holds combat exercises around Taiwan as U.S. senator visits Japan’s Abe shot while making election speech, taken to hospital', 'Key Insights: It was a bullish Thursday for the crypto to ten, with bitcoin (BTC) leading the way with a breakout to a day high of $21,840. A sharp pickup in demand for riskier assets supported a 2.28% NASDAQ rally fueled by hints from the Fed of a less aggressive rate path trajectory. The total crypto market cap rose by $35 billion to record the fifth increase in six sessions. It was a bullish Thursday session for the crypto top ten. Bitcoin ( BTC ) led the way, with SOL and ETH close behind. Investors brushed aside fears of a global economic recession, with the FOMC meeting minutes from Wednesday driving demand for riskier assets. The FOMC meeting minutes highlighted the risk of rate hikes having a ‘larger-than-expected effect on economic growth.’ Prior to the minutes, the markets had priced in a 75 basis point rate hike for July. However, the minutes revealed that participants judged a 50 or 75 basis point increase as appropriate. Total Market Cap – NASDAQ – 080722 5 Min Chart At the time of writing, the NASDAQ 100 Mini was down 32.5 points. The Total Crypto Market Cap Jumps on Fed Minutes A bearish start to the session saw the crypto market cap fall to a low of $889 billion before jumping to a high of $945 billion. NASDAQ 100 support was the key to the move back toward $1,000 billion levels. While bullish on the day, crypto market headwinds linger. The threat of a global economic recession remains real, as does a likely shift in the crypto regulatory landscape. From a monetary policy perspective, while Fed concern over the impact of policy on economic growth prospects delivered relief, the Fed has stated its commitment to bringing inflation to target at any cost. The Crypto Market Movers and Shakers from the Top Ten and Beyond BTC rallied by 5.19% to lead the way, with SOL (+3.88%) and ETH (+4.35%) close behind. ADA (+3.46%), BNB (+1.26%), DOGE (+3.13%), and XRP (+3.13%) also found strong support. From the CoinMarketCap top 100, Storj ( STORJ ), Aave ( AAVE ), and Internet Computer ( ICP ) led the way. STORJ rallied by 15%, with AAVA and ICP gaining 13% and 11%, respectively. Story continues Maker ( MKR ) and KuCoin Token ( KCS ) were among a handful of cryptos to buck the trend. MKR fell by 0.53%, with KCS falling by 0.60%. Total Crypto Liquidations Reflect Improving Market Conditions Despite the bullish session, 24-hour liquidations rose through the Thursday session. This morning, 24-hour liquidations stood at $169 million, up from $101 million on Thursday morning. Liquidated traders over the last 24 hours also increased Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-07-08 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $406,125,197,325 - Hash Rate: 214480636.4041969 - Transaction Count: 268331.0 - Unique Addresses: 682201.0 Social & AI Sentiment: - Fear & Greed Index: 0.20 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Edge accelerates its mission to bring DeFi and Web3 connectivity to the masses with the Dash Investment Foundation backing for the company’s current Series A. Scottsdale, Arizona, USA, June 02, 2022 (GLOBE NEWSWIRE) -- Dash Investment Foundation , an ownerless, memberless investment fund supporting projects that create a deeper integration of the Dash network with the cryptocurrency ecosystem, participated in an investment round into Airbitz Inc., DBA Edge during Q4 2021. The undisclosed investment is a part of Edge’s ongoing Series A funding round and will help accelerate our mission to bring Defi and Web3 connectivity to the masses. Dash Investment Foundation’s participation in Edge’s Series A also means that the fund will now promote Edge to the Dash community as a preferred wallet. Edge, in turn, is adding support for Dash InstantSend and DashDirect . DashDirect is a crypto payment and instant savings app powered by Dash, while Dash InstantSend is a Dash specific innovation allowing Dash payments to be accepted instantly with no confirmations by utilizing the network of Dash masternodes to pre-confirm a transaction within seconds. DashDirect offers users the ability to spend Dash at more than 155,000 retail locations, service providers and online stores across the U.S., including eBay, Best Buy, DoorDash, GameStop, The Home Depot, Subway, Uber, the NBA Store, and Domino’s Pizza. Additionally, DashDirect users are provided with strong financial incentive to switch to crypto purchases thanks to instant savings averaging 5% on their purchases. About Edge Edge is a self-custody exchange that supports the most popular cryptocurrencies on the market. Formerly known as Airbitz, the company was launched in 2014 as a Bitcoin-only wallet. Airbitz expanded and transformed into Edge in 2018 to provide a secure, private, and easy-to-use app to buy, sell, and trade dozens of cryptocurrencies. About Dash Investment Foundation Formed in 2019, the Dash Investment Foundation (DIF) supports the network’s growth by enabling enforceable legal and financial arrangements between the Dash DAO and traditional businesses seeking funding from the network. The DIF can hold assets on behalf of the network and redeploy profits into additional growth-oriented projects. Story continues DIF's notable investments include: 1. Craypay, a loyalty payment platform that enables users to save when spending with U.S. vendors. 2. CoinRoutes, an algorithmic trading software for traders, agencies and OTC desks. 3. Quadency, a cryptocurrency trading platform. 4. Bitfy, Latin America’s first multi-purpose, non-custodial cryptocurrency wallet. About Dash Dash is an open-source blockchain and cryptocurrency focused on offering a fast, cheap global payments network that is decentralized in nature. Since going live in 2014, Dash has grown to include features such as a two-tier network with incentivized nodes, including "masternodes," and decentralized project governance; InstantSend, which allows for instantly settled payments; ChainLocks, which makes the Dash blockchain instantly immutable; and PrivateSend, which offers additional optional privacy for transactions. CONTACT: Ernesto Contreras Dash Investment Foundation [email protected]... - Reddit Posts (Sample): [['u/symmetric69', '142,000 bitcoins could be dumped due to Mt.Gox settlement pretty soon', 194, '2022-07-08 00:56', 'https://www.reddit.com/r/Buttcoin/comments/vtvgel/142000_bitcoins_could_be_dumped_due_to_mtgox/', 'It seems that a total of 142,000 bitcoins could be dumped in the market by early traders who got scammed at the Mt. Gox debacle.\n\nhttps://www.mtgox.com/img/pdf/20220706_announcement_en.pdf\n\narticle source:\n\nhttps://bitcoinmagazine.com/markets/mt-gox-creditors-could-dump-142000-bitcoin', 'https://www.reddit.com/r/Buttcoin/comments/vtvgel/142000_bitcoins_could_be_dumped_due_to_mtgox/', 'vtvgel', [['u/Potential-Coat-7233', 49, '2022-07-08 01:00', 'https://www.reddit.com/r/Buttcoin/comments/vtvgel/142000_bitcoins_could_be_dumped_due_to_mtgox/if9rggx/', 'Decentralization leads to a large chunk of coins being frozen for 5 years.', 'vtvgel'], ['u/PneumaticAtol39', 43, '2022-07-08 01:25', 'https://www.reddit.com/r/Buttcoin/comments/vtvgel/142000_bitcoins_could_be_dumped_due_to_mtgox/if9uxf5/', 'My boner is asking, define pretty soon. This week? Month? Year?', 'vtvgel'], ['u/symmetric69', 36, '2022-07-08 01:43', 'https://www.reddit.com/r/Buttcoin/comments/vtvgel/142000_bitcoins_could_be_dumped_due_to_mtgox/if9xhdl/', 'From the Mt Gox link, it seems sell off could commence second half of August this year, in less than 2 months.\n\nSee item 4.', 'vtvgel'], ['u/Scared_Ad_5391', 16, '2022-07-08 01:48', 'https://www.reddit.com/r/Buttcoin/comments/vtvgel/142000_bitcoins_could_be_dumped_due_to_mtgox/if9y8fr/', "My boner is too sore from the last few weeks' rollercoaster. I'm happy with a month or two of respite", 'vtvgel'], ['u/giziti', 90, '2022-07-08 01:56', 'https://www.reddit.com/r/Buttcoin/comments/vtvgel/142000_bitcoins_could_be_dumped_due_to_mtgox/if9zfrn/', 'Kind of wild that the 142,000 bitcoins coming out of this are so much more valuable now than the entirety of Mt Gox at that time.', 'vtvgel'], ['u/PneumaticAtol39', 13, '2022-07-08 02:03', 'https://www.reddit.com/r/Buttcoin/comments/vtvgel/142000_bitcoins_could_be_dumped_due_to_mtgox/ifa0aj1/', 'RemindMe! In 2 months.', 'vtvgel'], ['u/PneumaticAtol39', 13, '2022-07-08 02:03', 'https://www.reddit.com/r/Buttcoin/comments/vtvgel/142000_bitcoins_could_be_dumped_due_to_mtgox/ifa0cab/', 'Lightweight!', 'vtvgel'], ['u/rockstarfish', 21, '2022-07-08 02:06', 'https://www.reddit.com/r/Buttcoin/comments/vtvgel/142000_bitcoins_could_be_dumped_due_to_mtgox/ifa0pen/', 'Good Gambling', 'vtvgel'], ['u/EnclosureOfCommons', 60, '2022-07-08 02:15', 'https://www.reddit.com/r/Buttcoin/comments/vtvgel/142000_bitcoins_could_be_dumped_due_to_mtgox/ifa1zof/', 'Wouldnt a sell off of this magnitude trigger a collapse in price? Even fear of this sell off would, no?', 'vtvgel'], ['u/barsoapguy', 82, '2022-07-08 02:46', 'https://www.reddit.com/r/Buttcoin/comments/vtvgel/142000_bitcoins_could_be_dumped_due_to_mtgox/ifa64bz/', 'In a rational world it absolutely would , if the crypto plebs were even halfway intelligent they would see the freight train coming and dip now .', 'vtvgel'], ['u/EnclosureOfCommons', 11, '2022-07-08 02:56', 'https://www.reddit.com/r/Buttcoin/comments/vtvgel/142000_bitcoins_could_be_dumped_due_to_mtgox/ifa7ke6/', 'Huh, I do wonder what economists think of the insane bitcoin bubble and the EMH. On the one hand it seems like a refutation, on the other the fact that none of the bitcoiners seem to have actually beaten the general market seems strengthen it?\n\nAlthough this reasoning may be a bit of an intuition pump, rationality in economics just means something very different than rationality as in spinoza or liebniz. I.e. "rational world". Who\'s actually doing the intuition pumping is up for debate though, lol.', 'vtvgel'], ['u/hyperelastic', 27, '2022-07-08 03:00', 'https://www.reddit.com/r/Buttcoin/comments/vtvgel/142000_bitcoins_could_be_dumped_due_to_mtgox/ifa83p0/', 'That pdf says that people have a choice whether to receive cash or Bitcoin - I assume most will choose Bitcoin. The sell pressure won’t be quite that large in this case.\n\nBy August I expect the sell pressure from failing miners to have already tanked the price', 'vtvgel'], ['u/leetuns', 24, '2022-07-08 03:01', 'https://www.reddit.com/r/Buttcoin/comments/vtvgel/142000_bitcoins_could_be_dumped_due_to_mtgox/ifa8444/', 'looks like butters get to have a crash course in liquidity vs price', 'vtvgel'], ['u/MKorostoff', 22, '2022-07-08 03:01', 'https://www.reddit.com/r/Buttcoin/comments/vtvgel/142000_bitcoins_could_be_dumped_due_to_mtgox/ifa87fd/', 'Ultimate forced hodl mode', 'vtvgel'], ['u/symmetric69', 12, '2022-07-08 03:02', 'https://www.reddit.com/r/Buttcoin/comments/vtvgel/142000_bitcoins_could_be_dumped_due_to_mtgox/ifa8add/', 'some of them arguing in twitter "hey look at binance\'s volume, tis nuthin\', price will hold nice"', 'vtvgel'], ['u/leetuns', 16, '2022-07-08 03:06', 'https://www.reddit.com/r/Buttcoin/comments/vtvgel/142000_bitcoins_could_be_dumped_due_to_mtgox/ifa8ts4/', 'they’d be stupid not to liquidate immediately', 'vtvgel'], ['u/Uncaffeinated', 17, '2022-07-08 03:08', 'https://www.reddit.com/r/Buttcoin/comments/vtvgel/142000_bitcoins_could_be_dumped_due_to_mtgox/ifa939i/', 'There are lot of obvious examples of markets not being perfectly efficient - like the whole memestock craze.', 'vtvgel'], ['u/negropasion', 13, '2022-07-08 03:10', 'https://www.reddit.com/r/Buttcoin/comments/vtvgel/142000_bitcoins_could_be_dumped_due_to_mtgox/ifa9f60/', 'This is bitcoin for good', 'vtvgel'], ['u/RidingUndertheLines', 18, '2022-07-08 04:19', 'https://www.reddit.com/r/Buttcoin/comments/vtvgel/142000_bitcoins_could_be_dumped_due_to_mtgox/ifaii1m/', "The efficient market hypothesis is more of a guideline than a rule, isn't it? Obviously it's not going to right all the time, so it's just something to keep in mind if you think you're smarter than everyone else. Sometimes you are, normally you're not.", 'vtvgel'], ['u/ckach', 17, '2022-07-08 04:50', 'https://www.reddit.com/r/Buttcoin/comments/vtvgel/142000_bitcoins_could_be_dumped_due_to_mtgox/ifamo78/', "If I'm hearing a hot investment tip, it's already too late and it's already priced in.", 'vtvgel']]], ['u/RonPaulWasR1ght', 'What do I tell my old friends who are no-coiners, when they needle me about the Bitcoin price?', 139, '2022-07-08 02:00', 'https://www.reddit.com/r/Bitcoin/comments/vtwtmq/what_do_i_tell_my_old_friends_who_are_nocoiners/', 'So, I\'ve got some old friends back home, going back to college days. I\'ve tried to orange pill each of them at various times. Some of them were respectful about it and said thanks but no thanks. Others told me I\'m a complete fool. Now, this was back when Bitcoin was $40-60k. As in, much of last year. Well, now that it\'s really dropped, these guys are making fun of me and laughing in the most low and snide manner. Asking me "How\'s Bitcoin doing?" and things like that, which are obviously snarky and snide, as they can look up how Bitcoin is doing any time. \n\nWhat do I say to them, guys? Seriously, I\'m taking flak and getting made fun of! What do I do about that?', 'https://www.reddit.com/r/Bitcoin/comments/vtwtmq/what_do_i_tell_my_old_friends_who_are_nocoiners/', 'vtwtmq', [['u/Halo22B', 18, '2022-07-08 02:05', 'https://www.reddit.com/r/Bitcoin/comments/vtwtmq/what_do_i_tell_my_old_friends_who_are_nocoiners/ifa0lol/', 'Nice friends....tell me why you hang out with them again?', 'vtwtmq'], ['u/SkipAndGo', 273, '2022-07-08 02:07', 'https://www.reddit.com/r/Bitcoin/comments/vtwtmq/what_do_i_tell_my_old_friends_who_are_nocoiners/ifa0tr5/', 'Ask them how their 401k is doing. That should shut them up.', 'vtwtmq'], ['u/plixtern', 103, '2022-07-08 02:07', 'https://www.reddit.com/r/Bitcoin/comments/vtwtmq/what_do_i_tell_my_old_friends_who_are_nocoiners/ifa0x1g/', "Firstly, I don't recommend trying to orange pill people unless they come to you asking about bitcoin and wanting to learn about it.\n\nSecondly, these people don't sound very much like friends. They sound more like acquaintances. Friends wouldn't behave like that.", 'vtwtmq'], ['u/jamesblacklock', 16, '2022-07-08 02:07', 'https://www.reddit.com/r/Bitcoin/comments/vtwtmq/what_do_i_tell_my_old_friends_who_are_nocoiners/ifa0y1h/', "I think if that type of needling is getting to you, it might be the case that you actually feel stupid. I have friends who try to do that type of thing, but it rolls off, because it's obvious to me that they have no idea what they are talking about.\n\nAnyway, this isn't Bitcoin advice, but rather life advice: I wouldn't waste time getting into a debate with a troll. They aren't making genuine arguments, so you shouldn't either. Troll them back even harder. It's fun and they don't expect it.\n\n(on the other hand, you yourself may have just trolled me lol. but I'm assuming a good faith question here.)", 'vtwtmq'], ['u/solomonsatoshi', 10, '2022-07-08 02:08', 'https://www.reddit.com/r/Bitcoin/comments/vtwtmq/what_do_i_tell_my_old_friends_who_are_nocoiners/ifa0zya/', "Why do you invest in Bitcoin?\n\nDo you understand how fiat money works?\n\nDo your friends?\n\nGuessing just maybe you and your friends don't understand fiat money or bitcoin.\n\nDon't buy Bitcoin unless you understand it (and fiat) and therefore understand Bitcoin is a revolution seeking to restore monetary integrity, NOT a get rich quick scheme.", 'vtwtmq'], ['u/dadlif3', 202, '2022-07-08 02:15', 'https://www.reddit.com/r/Bitcoin/comments/vtwtmq/what_do_i_tell_my_old_friends_who_are_nocoiners/ifa21kk/', "Who cares? I like Bitcoin, it doesn't bother me in the slightest if someone else doesn't like it.", 'vtwtmq'], ['u/gmhiker33', 71, '2022-07-08 02:25', 'https://www.reddit.com/r/Bitcoin/comments/vtwtmq/what_do_i_tell_my_old_friends_who_are_nocoiners/ifa3aks/', "Don't tell them anything. \n\nJust remember:\n\nHe who laughs last, laughs best.", 'vtwtmq'], ['u/fxhst329', 70, '2022-07-08 02:36', 'https://www.reddit.com/r/Bitcoin/comments/vtwtm... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Key Insights: It was a choppy Friday for the crypto top ten, with Ethereum (ETH) and Solana (SOL) struggling. Investor reaction towards the US nonfarm payroll figures tested buying appetite, with bitcoin failing to hold onto the $22,000 handle. The total crypto market cap declined by $6.8 billion to record the second fall in seven sessions. It was a bearish Friday session for the crypto top ten. Bitcoin ( BTC ) ended the day flat, while SOL and ETH struggled. Fears of a recession eased, with US nonfarm payroll figures highlighting another surge in hiring. In June, nonfarm payrolls increased by 372k, following a 384k jump in May. However, the sharp increase in hiring also raised concerns that the Fed may hike rates more aggressively this month. Sentiment shifted despite the less hawkish FOMC meeting minutes. On Wednesday, the FOMC meeting minutes highlighted the risk of rate hikes having a ‘larger-than-expected effect on economic growth.’ Prior to the minutes, the markets had priced in a 75 basis point rate hike for July. However, the minutes revealed that participants judged a 50 or 75 basis point increase as appropriate. The nonfarm payroll numbers could allow the Fed to deliver another 75 basis point rate hike before taking the foot off the gas. In response to the NFP numbers, the NASDAQ 100 hit reverse before finding late support to eke out a 0.12% gain. The crypto market tracked the NASDAQ throughout the day before a post-US market close pullback. Total Market Cap – NASDAQ – 090722 5 Min Chart The Total Crypto Market Cap Sees Modest Decline A bullish start to the Friday session saw the crypto market cap strike a high of $962 billion. In response to the NFP numbers, the market cap slid to a low of $916 billion before wrapping up the day at $930 billion. Total Market Cap 090722 Daily Chart NASDAQ 100 support was again the key, though the $1 trillion mark remained elusive. Despite the NFP figures, the threat of a global economic recession remained. The numbers also delivered market uncertainty over the July Fed monetary policy decision. Story continues The Crypto Market Movers and Shakers from the Top Ten and Beyond ADA (-2.51%) and DOGE (-2.07%) led the way down, with losses of 2.51% and 2.07%, respectively. ETH also struggled, falling by 1.94%. BTC slipped by 0.09%, with BNB (-0.33%), SOL (-0.90%), and XRP (-0.88%) seeing modest losses. From the CoinMarketCap top 100, Quant ( QNT ) led the way, rallying by 13%, with Internet Computer ( ICP ) gaining 11%. Polygon ( MATIC ) and 1inchNetwork ( 1INCH ) were also among the front runners. Total Crypto Liquidations Reflect Poorer Market Conditions As a result of the mixed session, 24-hour liquidations inched up through the Friday session. This morning, 24-hour liquidations stood at $215 million, up from $169 million on Friday morning. Liquidated traders over the last 24 hours also increased. At the time of writing, liquidated traders stood at 51,694 versus 42,406 on Friday. One-hour liquidations reflected a late crypto market pullback. According to Coinglass , one-hour liquidations stood at $10.6 million, up from $1.36 million on Friday. Those tracking crypto liquidations will look for a return to sub-$1 million over the weekend. Total Crypto Liquidations 090722 Daily News Highlights The crypto market brushed aside the US Treasury framework for digital assets. DeFi platform Aave (AAVE) unveiled another decentralized stablecoin. A Californian resident filed a lawsuit against Solana (SOL) for selling unregistered securities tokens. Fed Vice Chair Brainard talked of the need for strong crypto regulations to mitigate crypto risks to financial stability. UK thinktank the City of London Corporation called for global rules for cryptos to enable smooth cross-border and wholesale central bank digital asset (CBDC) payments. The fallout from the Three Arrows Capital (3AC) collapse continued. Blockchain.com faced a $270 million write-down on loans to 3AC. This article was originally posted on FX Empire More From FXEMPIRE: Gun groups challenge California ban on firearms marketing to kids CEO of Canada’s Suncor Energy steps down after latest site fatality Japanese mourn ex-PM Shinzo Abe a day after his assassination Bitcoin (BTC) Fear & Greed Index Forms Upward Trend by Hitting 24/100 Twitter vows legal fight after Musk pulls out of $44 billion deal Blinken says no substitute for face-to-face diplomacy wih China meeting', '• It was a choppy Friday for the crypto top ten, with Ethereum (ETH) and Solana (SOL) struggling.\n• Investor reaction towards the US nonfarm payroll figures tested buying appetite, with bitcoin failing to hold onto the $22,000 handle.\n• The total crypto market cap declined by $6.8 billion to record the second fall in seven sessions.\nIt was a bearish Friday session for thecryptotop ten. Bitcoin (BTC) ended the day flat, whileSOLandETHstruggled.\nFears of a recession eased, with US nonfarm payroll figures highlighting another surge in hiring. In June, nonfarm payrolls increased by 372k, following a 384k jump in May.\nHowever, the sharp increase in hiring also raised concerns that the Fed may hike rates more aggressively this month. Sentiment shifted despite the less hawkish FOMC meeting minutes.\nOn Wednesday, theFOMC meeting minuteshighlighted the risk of rate hikes having a ‘larger-than-expected effect on economic growth.’ Prior to the minutes, the markets had priced in a 75 basis point rate hike for July. However, the minutes revealed that participants judged a 50 or 75 basis point increase as appropriate.\nThe nonfarm payroll numbers could allow the Fed to deliver another 75 basis point rate hike before taking the foot off the gas.\nIn response to the NFP numbers, the NASDAQ 100 hit reverse before finding late support to eke out a 0.12% gain. The crypto market tracked the NASDAQ throughout the day before a post-US market close pullback.\nA bullish start to the Friday session saw the crypto market cap strike a high of $962 billion.\nIn response to the NFP numbers, the market cap slid to a low of $916 billion before wrapping up the day at $930 billion.\nNASDAQ 100 support was again the key, though the $1 trillion mark remained elusive.\nDespite the NFP figures, the threat of a global economic recession remained. The numbers also delivered market uncertainty over the July Fed monetary policy decision.\nADA(-2.51%) andDOGE(-2.07%) led the way down, with losses of 2.51% and 2.07%, respectively.ETHalso struggled, falling by 1.94%.\nBTCslipped by 0.09%, withBNB(-0.33%),SOL(-0.90%), andXRP(-0.88%) seeing modest losses.\nFrom theCoinMarketCaptop 100, Quant (QNT) led the way, rallying by 13%, with Internet Computer (ICP) gaining 11%.\nPolygon (MATIC) and 1inchNetwork (1INCH) were also among the front runners.\nAs a result of the mixed session, 24-hour liquidations inched up through the Friday session.\nThis morning, 24-hour liquidations stood at $215 million, up from $169 million on Friday morning.\nLiquidated traders over the last 24 hours also increased. At the time of writing, liquidated traders stood at 51,694 versus 42,406 on Friday.\nOne-hour liquidations reflected a late crypto market pullback.\nAccording toCoinglass, one-hour liquidations stood at $10.6 million, up from $1.36 million on Friday. Those tracking crypto liquidations will look for a return to sub-$1 million over the weekend.\n• The crypto marketbrushedaside the US Treasury framework for digital assets.\n• DeFi platform Aave (AAVE)unveiledanother decentralized stablecoin.\n• A Californian residentfileda lawsuit against Solana (SOL) for selling unregistered securities tokens.\n• Fed Vice Chair Brainardtalkedof the need for strong crypto regulations to mitigate crypto risks to financial stability.\n• UK thinktank the City of London Corporationcalledfor global rules for cryptos to enable smooth cross-border and wholesale central bank digital asset (CBDC) payments.\n• The fallout from the Three Arrows Capital (3AC) collapse continued. Blockchain.comfaceda $270 million write-down on loans to 3AC.\nThisarticlewas originally posted on FX Empire\n• Gun groups challenge California ban on firearms marketing to kids\n• CEO of Canada’s Suncor Energy steps down after latest site fatality\n• Japanese mourn ex-PM Shinzo Abe a day after his assassination\n• Bitcoin (BTC) Fear & Greed Index Forms Upward Trend by Hitting 24/100\n• Twitter vows legal fight after Musk pulls out of $44 billion deal\n• Blinken says no substitute for face-to-face diplomacy wih China meeting', 'Key Insights: It was a choppy session on Friday, with bitcoin (BTC) falling into the red in the final hour of the session. Economic data from the US eased recession jitters, with the NASDAQ managing to avoid the red to deliver support. The Bitcoin Fear & Greed Index rose to 24/100 despite the choppy Friday session. On Friday, bitcoin ( BTC ) slipped by 0.09%. Following a 5.19% rally from Wednesday, BTC ended the day at $21,593. A bullish start to the day saw BTC break through the First Major Resistance Level at $22,221 to strike a high of $22,377 Coming up short of $22,500, BTC slid to a low of $21,183 as investors responded to the US nonfarm payroll figures for June. However, steering clear of the First Major Support Level at $20,621, bitcoin bounced back to test resistance at $22,000 before easing back. In June, US nonfarm payrolls jumped by 372k, following a 384k rise in May. The sharp increase eased fears of an imminent recession. However, the June figure also gives the Fed the wiggle room to deliver another 75-basis point rate hike this month. Following the Thursday 2.28% rally, the NASDAQ rose by 0.12% to end the week up 4.6%. The positive end to the week delivered BTC support before a final-hour pullback. BTC-NASDAQ 090722 5 Minute Chart Bitcoin Fear & Greed Index Jumps to 24/100 This morning, the Fear & Greed Index rose from 20/100 to 24/100. A shift in market sentiment, in response to the Fed minutes, continued to support the move to Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-07-09 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $414,258,492,824 - Hash Rate: 194191927.5551512 - Transaction Count: 220708.0 - Unique Addresses: 576270.0 Social & AI Sentiment: - Fear & Greed Index: 0.24 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: (Bloomberg) -- Most Read from Bloomberg China Alarms US With Private Warnings to Avoid Taiwan Strait Global Rout Deepens as Outsized Rate Hike in Play: Markets Wrap Bitcoin Tumbles to 18-Month Low as US Inflation Impact Spreads China Is Walking Back Virus Loosening Weeks After Reopening Powell Facing Choice Between Elevated US Inflation and Recession The phone call that Boris Johnson was bracing for finally came as he was preparing for Sundays Platinum Jubilee finale. Conservative Party grandee Graham Brady confirmed that more than 15% of the prime ministers own MPs had submitted letters of no-confidence. A vote on his future was imminent. For hours, though, Johnson was unable to react. Instead he sat looking untroubled in a makeshift royal box near Buckingham Palace watching a parade of soldiers, James Bond cars and celebrity bakers celebrate the Queens 70 years on the throne. A couple of seats away sat Labour leader Keir Starmer, unaware of the new threat to his political rival. The four-day Jubilee extravaganza came after months of meticulous planning. By contrast, the quickfire Conservative leadership vote was the result of months of unease over Johnsons conduct that boiled into anger at partygate revelations of illegal gatherings in Downing Street during the pandemic. The prime minister ended up winning the confidence motion by 211 votes to 148. But four out of 10 Conservative MPs voted against their own leader a humiliating blow. Now Johnson is attempting a reset of his premiership the latest in a long line of reboots even as the cost-of-living crisis bites ever-deeper and a pair of dangerous local elections threaten to bring more bad news. But that might not be enough. One senior MP said he wasnt surprised by the scale of the rebellion because anger toward Johnson crucially, from all wings of the party has been building for months. The result could be a quick resumption of debilitating backbiting. He is now fighting for his survival day in, day out, former Conservative cabinet minister Rory Stewart told the BBC on Thursday night. Story continues Jane Green, professor of British politics at Nuffield College, University of Oxford, warned that Johnson would never fully regain his popular appeal. A recovery in the prime ministers ratings would defy all political odds and gravity, she said. The only thing in his favor is that he might still be preferred to other leaders among Leave voters. But many now wont forgive him. The stakes couldnt be higher for him to meet their expectations and hopes on Brexit. Supermarket Despair It was only on May 25 that Johnson insisted a final partygate report by civil servant Sue Gray cleared him of further blame. Yet the mood of Tory MPs tipped during a week-long break from Parliament ahead of the Jubilee. Many found only anger and outrage in their constituencies. One former minister told Bloomberg he knew the tables had turned when long-term supporters accosted him about Johnson in the local supermarket, apologizing but saying they could no longer vote Conservative. By Monday, the morning after calling Johnson, Brady was on a chilly Westminster green announcing that evenings vote. The quick turnaround ratcheted up the tensions. Downing Streets arm-twisting would include Johnson writing three-page letters to every Tory MP, individually signed. The eventual rejection by 41% of them clearly hurt the prime minister, who looked shell-shocked after the vote, according to Andrew Gimson, author of Boris: The Making of the Prime Minister. Only hours earlier, Johnson addressed backbench Tory MPs, imploring them to support them. Hed made his pitch and it hadnt been good enough for so many of them, Gimson said. Of course, hes quite determined to power on through it and recover and mend fences but you can see in his face he recognized it was a tremendous rejection by a large part of the party. Johnson is already determined to as he put it on Monday bash on. He unveiled a scattergun series of policy announcements on Thursday, mostly intended as red meat for Conservative voters and MPs, including plans to allow people to use benefits to buy homes and a vow to cut taxes sooner rather than later. Yet the housing plans were instantly blasted by critics as unworkable, while the pledge to make his government a more traditional, low-tax Conservative administration lacked credibility because the UK tax burden is currently on track to be its highest since the 1950s including recent increases brought in on Johnsons watch. While some plans are criticized as ill-thought-through, others are being delayed. Legislation designed to override the Brexit deal relating to Northern Ireland has been pushed back to Monday amid concerns that it breaches international law. The date of a joint speech on the economy from Johnson and Chancellor Rishi Sunak looks set to slip to next month. Meanwhile Westminster buzzes with chatter of a looming ministerial reshuffle, with those who failed to back him strongly enough this week potentially in line for demotion. Uncertain Future Johnsons premiership remains highly uncertain. There is now no doubt about the scale of unhappiness among Conservative MPs; the only questions that remain are about the next moment to strike. He is nominally safe from another no-confidence vote for 12 months, but that could be shortened with a straightforward rule change. Boris Johnson Clings to Power, But Question Is for How Long Imminent dangers include two key by-elections (special elections for individual seats) on June 23. The Tories are expected to lose both one to Labour in Wakefield, in northern Englands so-called red wall, and the other to the Liberal Democrats in normally safe Tiverton and Honiton, in the south-west. A House of Commons committee is also investigating whether Johnson deliberately misled Parliament over partygate, and looks set to report in October. Whats unclear is the potential impact of further setbacks. Johnson has already lasted longer in office than many critics thought he would, refusing to resign after becoming the first prime minister found to have broken the law while in office. Some Tory MPs were buoyed by Johnsons performance at Wednesdays Prime Ministers Questions, his first test since the confidence vote, with many privately gleeful at what they saw as a lackluster performance by Starmer. One Johnson ally said a number of Tory MPs, including some rebels, were impressed with how he performed. Whatever the motivations of the rebels, the latest chapter in Boris Johnsons dramatic political career ended this week with the prime minister hemmed in by his foes but poised to fight another day, looking over his shoulder for the next looming threat. With no obvious successor emerging from either his cabinet or restive Conservative backbenches, even a wounded Johnson could limp on for some time yet. Most Read from Bloomberg Businessweek A Billion-Dollar Crypto Gaming Startup Promised Riches and Delivered Disaster A Parisian General Stores Radical Message for Its Customers? Buy Less Wall Street Executives Cant Stop Talking About a Recession The IRS Is Coming for Your Venmo Income Soaring Oil Prices Force Biden to Engage With Saudis Hed Spurned ©2022 Bloomberg L.P.... - Reddit Posts (Sample): [['u/The_Pathetic_Rookie', 'Who is the most popular P101 Companion', 24, '2022-07-09 00:53', 'https://www.reddit.com/r/Pirate101/comments/vun6cl/who_is_the_most_popular_p101_companion/', "I was wondering who the most popular companion, and the general opinion of ALL of the companions, so I decided to hold popularity polls for them. So, when you get the chance, can you fill out the poll for these companions??? Thx\n\n Buc Pop Poll: [https://forms.gle/MG8kkxnXUgfuyBMF7](https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbHJnWEt2Z3pZNjAzVWtBTEh4U2tuM0lvVEI2Z3xBQ3Jtc0traFptX3Y1MlNCSnFVelFMZTFzZUgwaE84OVVTenRTemtDVkowTnlCa2QyMmpCS1ZBMEFCRDVsdEZmRnp1dU5xRmk3UkJDbVJsTHFuSDJiTmJxUVFjNW1rRy1wT3FocElFZTVXSWczWFBBak9uV3QzZw&q=https%3A%2F%2Fforms.gle%2FMG8kkxnXUgfuyBMF7&v=3OlHEv0TmJk) \n\nSwash Pop Poll: [https://forms.gle/ngK8ATWb77gTPVJx8](https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqa1Q0LTBaS3AyV3B1R25weW5IcmQ0NmVBczYtd3xBQ3Jtc0tubFlTb3JHNGZ2alBGVWtnYjlfWjNfLXAwNWRDcTJyek8tcnV2WnVUclI4d3AzOTVPYjNDYzZPQ21TT0UtX1c5bUhhdWdDX044OHFfT25pWlh1Q19iVnRmb2tjOGVFMDE1Z2hIR19GMWNBVlpfSWNjWQ&q=https%3A%2F%2Fforms.gle%2FngK8ATWb77gTPVJx8&v=3OlHEv0TmJk) \n\nPrivy Pop Poll: [https://forms.gle/NeKT5otG5aPMQLis6](https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbi1nVEJkbzBZamJiV2dZczZBalk2RmZqdmFud3xBQ3Jtc0tsX3JwcFdwcGN6a2xfZ2pqWnRkYkJuNU9GdEhVUUlnNnlXS1p2djVpOXItenRndUFqeU9EZWlZTi0ycWZEZEpsM1FIZHJDN1hMNWxSWlNscWxBRFJGekJRSFVGdzhKNGtOMHE5SjFBZHpTWnBZYWlaNA&q=https%3A%2F%2Fforms.gle%2FNeKT5otG5aPMQLis6&v=3OlHEv0TmJk) \n\nMusket Pop Poll: [https://forms.gle/toCXx7VbX1M3NfNY6](https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqa1pVXzQ4eGZsejd3RzkwVjBUMkJrVHpGWlM0UXxBQ3Jtc0trMXJ3NzBTc0NldTU0eTlQWENETG9JdDhOSGZDblJpRDNMa1Z4UXFlNjc4TmpSX3ZmWXEtVzZhS29Uc3pjb1hwYXc4UXZ4M3lyS2UyUTJQelROWGhPVnNRZzE4QmI1Qkx2Ulp1SGdSMkI1WFU5Z29Ccw&q=https%3A%2F%2Fforms.gle%2FtoCXx7VbX1M3NfNY6&v=3OlHEv0TmJk) \n\nWitch Pop Poll: [https://forms.gle/AL6iR1zrsX4bPx3EA](https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbWtQY3JvQTZJM0hSU1d6ZF9jMkZFMS1VUHFVUXxBQ3Jtc0trejlUV3RidzF3S2RXWjZIZXFjNEh0azVUcE0tbFpUc28yYXcxWUNORldHMFRUMmNfNFdUQ2tLRHZZaHh3dHB5ZUd6YWtSd3ZJSXJ2dnpXVG92MHY1aDRfMGdUX1YwaGliX0l0WHppcG9DcEhNdEx6Zw&q=https%3A%2F%2Fforms.gle%2FAL6iR1zrsX4bPx3EA&v=3OlHEv0TmJk) \n\nResults will be held later on YT, on The\\_Rookie's channel", 'https://www.reddit.com/r/Pirate101/comments/vun6cl/who_is_the_most_popular_p101_companion/', 'vun6cl', [['u/Pristine_Ad_7799', 12, '2022-07-09 01:23', 'https://www.reddit.com/r/Pirate101/comments/vun6cl/who_is_the_most_popular_p101_companion/ifeqbbz/', 'Old scratch probably', 'vun6cl'], ['u/Mesoooosad', 23, '2022-07-09 01:25', 'https://www.reddit.com/r/Pirate101/comments/vun6cl/who_is_the_most_popular_p101_companion/ifeqojw/', 'Bonnie fs', 'vun6cl']]], ['u/wrg5y5ye5y5e6', 'The whales cannot cash out, so what is the endgame for the whales?', 81, '2022-07-09 02:09', 'https://www.reddit.com/r/Buttcoin/comments/vuoqyf/the_whales_cannot_cash_out_so_what_is_the_endgame/', 'When you read that the "market cap" of crypto is 1T$, that is bullshit. That value is obtained by multiplying the current marginal price by the amount of tokens minted, but the moment a whale tries to cash out a sizeable amount of butt for $€£¥, the price of BTC and all other currencies would plummet.\n\nThis is true of stocks as well in principle, but with cryptos the prices are much more volatile for the simple reason that crypto is intrinsically worthless except for black market purposes: Arms dealing, drugs, kidnap ransoms, pedopornography, and so on. \n\nSo the whales cannot cash out in real money. There just aren\'t enough idiots around to buy the pile of fake coins the whales have been creating out of thin air and awarding themselves.\n\nWe have learnt recently that crypto whales have been financing political parties in the USA in larger amounts than weapon manufacturers and big pharma:\n\nhttps://old.reddit.com/r/Buttcoin/comments/v5ht5i/crypto_industry_eclipses_defense_big_pharma_in_us/\n\nThe goal has to be to create channels to convert butt into real currency or funnel it into the real economy somehow, I am convinced. What legislation are whales lobbying for, in your opinion?', 'https://www.reddit.com/r/Buttcoin/comments/vuoqyf/the_whales_cannot_cash_out_so_what_is_the_endgame/', 'vuoqyf', [['u/PneumaticAtol39', 32, '2022-07-09 02:17', 'https://www.reddit.com/r/Buttcoin/comments/vuoqyf/the_whales_cannot_cash_out_so_what_is_the_endgame/ifex8x3/', 'Whales are not a single entity. They never put their own money in the game. They will move on to the next scam just like they moved on to Crypto after 2008. If an asteroid were to strike the Earth tomorrow, only the Whales and the Cockroaches would survive.', 'vuoqyf'], ['u/anyprophet', 92, '2022-07-09 02:19', 'https://www.reddit.com/r/Buttcoin/comments/vuoqyf/the_whales_cannot_cash_out_so_what_is_the_endgame/ifexfac/', "I suspect they're currently cashing out very slowly in tiny increments. but ultimately they need things to continue on as they are forever.", 'vuoqyf'], ['u/wrg5y5ye5y5e6', 29, '2022-07-09 02:26', 'https://www.reddit.com/r/Buttcoin/comments/vuoqyf/the_whales_cannot_cash_out_so_what_is_the_endgame/ifeyb9w/', 'Concentration seems to be increasing with time so the little amounts they are cashing out are but drops in their buckets.\n\nIf they could get e.g. states and municipalities to buy crypto, they could cash out quick and in huge quantities.', 'vuoqyf'], ['u/wrg5y5ye5y5e6', 21, '2022-07-09 02:30', 'https://www.reddit.com/r/Buttcoin/comments/vuoqyf/the_whales_cannot_cash_out_so_what_is_the_endgame/ifeyv61/', '> They never put their own money in the game. \n\nPartly they did if they run mining farms, by investing in hardware, electricity, infrastructure, and so on.\n\nBut regardless, they are sitting on hundreds of billions of nominal unrealised gains that they cannot use for anything. Just moving on to the next scam is not their best option at this point, scams of this scale happen once in a century if not in a millennium.', 'vuoqyf'], ['u/Bad_Finance_Advisor', 13, '2022-07-09 02:33', 'https://www.reddit.com/r/Buttcoin/comments/vuoqyf/the_whales_cannot_cash_out_so_what_is_the_endgame/ifez84j/', "If I am not mistaken, a pair of senators recently propose a crypto regulatory bill and in that bill, there's a passage, linking certain crypto firms to the Fed's payment system. Ironically, one of those firm, Custodia, is suing the federal reserve for delaying an application.", 'vuoqyf'], ['u/PneumaticAtol39', 21, '2022-07-09 02:58', 'https://www.reddit.com/r/Buttcoin/comments/vuoqyf/the_whales_cannot_cash_out_so_what_is_the_endgame/iff2b5j/', "Whales are people like Armstrong, Bankman-Fried, Larsen, etc. and several nameless agents of investment firms which move the market and have their fingers in several crypto pies. They do have a high net worth but they are way too good at raising money. Mining firms are generally seperate entities which may of course get their capital from whales but they aren't central to the manipulation, more like a necessity to get the game going on.\n\n&#x200B;\n\n>scams of this scale happen once in a century if not in a millennium\n\nCrypto scam is not that big, its market cap was like $3 trillion, down to under 1 now. Dotcom bubbles [losses](https://corporatefinanceinstitute.com/resources/knowledge/trading-investing/dotcom-bubble) itself were $5 trillion in 2002 money, Losses from 2008 [crisis](https://www.washingtonpost.com/business/economy/a-guide-to-the-financial-crisis--10-years-later/2018/09/10/114b76ba-af10-11e8-a20b-5f4f84429666_story.html) were $8 trillion in stock market and around 10 trillion in housing prices. These are of course mostly unrealized gains so I think it is okay to compare. I would not say it is scam of the century especially when subprime happened just 14 years ago.\n\nMy main point is that whales don't need to have an endgame like parasites don't have an endgame, they will jump to another host, greener pastures, new loopholes to exploit. Look at Saylor I mean, Dotcom veteran, still staying relevant doing what he does best.", 'vuoqyf'], ['u/rascellian99', 17, '2022-07-09 03:33', 'https://www.reddit.com/r/Buttcoin/comments/vuoqyf/the_whales_cannot_cash_out_so_what_is_the_endgame/iff6iut/', ">Crypto scam is not that big, its market cap was like $3 trillion, down to under 1 now. \n\nBernie Madoff's ponzi scheme was the largest in history, raking in just under $65 billion.\n\nI think a $1 trillion scam is a pretty big deal.\n\n>Crypto scam is not that big, its market cap was like $3 trillion, down to under 1 now. Dotcom bubbles losses itself were $5 trillion in 2002 money, Losses from 2008 crisis were $8 trillion in stock market and around 10 trillion in housing prices.\n\nNeither of those were scams. Both of them were bubbles, but it's hard to argue that a handful of people caused the bubbles for the sole purpose of stealing money from people. There was a lot of shady stuff happening in the subprime mortgage markets, but shady activity, greed, and even breaking the law does not on its own make it a scam.", 'vuoqyf'], ['u/Ok_Loan9387', 44, '2022-07-09 03:40', 'https://www.reddit.com/r/Buttcoin/comments/vuoqyf/the_whales_cannot_cash_out_so_what_is_the_endgame/iff7g1g/', 'I think the main regulatory goal, or one of them at least, is to get into 401K. That means normalizing crypto through marketing to appeal to mainstream investors and getting regulators on board through lobbying. They’ve been trying like crazy to do both. If Americans start putting retirement savings into crypto that would represent a large new base to the crypto pyramid and provide a lot of exit liquidity.\nAnother big goal of lobbyists is to get approval for a spot bitcoin ETF... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["Photo Illustrations by Luis G. Rendon/The Daily Beast/Getty Greg—and we’ll just call him Greg, because he’s a little unsure about having his full name out there, for reasons that will soon become apparent—knew nothing about bitcoin when a friend told him it could change his life. A 54-year-old ex-pat working for a major international company in Europe, Greg had generally played it pretty safe with his investments. But in the fall of 2018, a college buddy told him about a man named David Saffron, who he claimed could double his money in crypto in a matter of weeks. “I resisted, I said I didn’t understand it, I didn’t understand crypto currency at all,” Greg told The Daily Beast. “But he kept showing me screenshots of David’s platform, that he was accruing more and more.” Greg followed the price of bitcoin for the next few months, and when it stayed relatively stable, he reconsidered his skepticism. His friend introduced him to Saffron, who told him he was a computer programmer who had invented an artificial-intelligence trading bot that could beat the market. If Greg bought three bitcoins from him, Saffron said—the equivalent of about $12,000—he would give him 7.5 bitcoins back in three months. Greg called his bank and told them to wire the money to the bank account for a company in Wyoming. The bank was hesitant—the transaction seemed fishy—but Greg was insistent. They wired the funds. “I said, ‘Geez, this seems exciting, it seems sexy,’” Greg said of the investment platform. “It felt like a magical world we were getting into, it felt like cutting edge stuff.” “I was like, one time I’ll roll the dice,” he added. “And I crapped out.” David Saffron presented himself as a kind of computer programming progeny, a whiz kid who had invented a bot that could make 17,500 crypto transactions an hour. Photo Illustrations by Luis G. Rendon/The Daily Beast/Getty The man Greg wired the money to, David Saffron, was a 49-year-old Australian living in Nevada. Before starting an investment company, Saffron was perhaps the least infamous member of his family: His immediate family all appeared on a 2011 episode of the Gordon Ramsay show Kitchen Nightmares in which his father, Alan, admitted to taking $250,000 from his son to keep his restaurant afloat. (David does not appear in the episode, the son in question is his brother, Daniel.) His grandfather was a notorious Sydney underworld figure known as “Mr. Sin,” who started a network of underground clubs selling prostitutes and illegal booze, and served time for federal tax evasion. Story continues Saffron’s career was less remarkable. One LinkedIn page lists him as the CEO of “A9 models,” which has one post and nine followers on Instagram; another lists him as the marketing manager for “WizKidsNow.” California business records list him as the owner of an S&M performance venue in Los Angeles called Master D’s Academy of Sin, whose Facebook page features videos of Saffron spanking women and pouring paint down their naked backs. His own Facebook page refers to him as “Master D” and features a photo of him in a bright red suit and matching fedora. To potential investors, however, Saffron presented himself as a kind of computer programming progeny, a whiz kid who had invented a bot that could make 17,500 crypto transactions an hour. According to a federal indictment unsealed this month, he falsely claimed to have been the lead developer for the Uber and Snapchat apps, and to have written the security software used by most U.S. banks. (According to a separate CFTC complaint, he also claimed to have invested for Mark Cuban.) He lived lavishly, using rented mansions in the Hollywood Hills with pools and private chefs to host opulent parties, according to investors interviewed by The Daily Beast. He posted on social media about eating at expensive steakhouses and traveled with a team of personal security guards. One investor, Scott Freeman, said he had to submit a background check just to get into Saffron’s house. Inside the Flamboyant Life of a Wannabe Crypto Kingpin According to investors who spoke to The Daily Beast, Saffron’s glamorous lifestyle helped convince them to trust him with their money. If he was this rich, they thought, he must be doing something right. One investor said he put in $300 to start, but was still skeptical about Saffron’s business, so he asked one of Saffron’s security guards whether the guy was legit. The security guard told him that he had been suspicious, too, until his co-worker invested and saw great returns on his money. The investor kept his money in. Saffron’s pitch was simple, according to the indictment: Investors gave him cryptocurrency, or the money to buy it for them, and he used his trading bot to make returns of 500-600 percent. Investors got 150-300 percent of those returns, and Saffron kept the rest for his trouble. To prove that it worked, he ran “tests,” in which he took a small amount of money from potential investors and then delivered them returns within hours or days. “I know who to call, and I just know how to do things, but I don’t know this town because I’m integrated in Los Angeles,” he told potential investors at an out-of-town presentation in 2018, according to the CFTC. “So you guys know this town. Perfect. Now I can make you all damn rich.” Saffron called the investment program the “Circle Society” and maintained message boards where he posted frequent updates—as well as memes, music videos, and predictions about various doomsday events, according to chat records reviewed by The Daily Beast. He offered various packages, with elaborate names like “Trip The Light Fantastic Plan” and “BTC Star Trek ‘The Motion Picture’ Double Plan,” according to chat records. The plans were said to generate returns in anything from 22 to 90 days, and came with taglines such as “Stare down the endless void But come out a winner.” Investors said savvy users realized quickly that the daily plans, which paid out 3 percent per day directly into users’ crypto wallets, seemed to be the most lucrative. That’s what Greg signed up for shortly after joining in February 2019. He was still skeptical of the program, he said, but the money kept showing up in his wallet every day, “like clockwork.” At Saffron’s urging, he reinvested all his earnings back into the program. Over time, Greg invested a total of 8.5 bitcoins in the program, and his Circle Society account said he had earned 96 coins—the equivalent of nearly $2 million today. “It seemed too good to be true,” Greg recalled, “but I shut my brain off and said, ‘Let’s just roll with it.’” Saffron maintained message boards where he posted frequent updates—as well as memes, music videos, and predictions about various doomsday events. When he couldn’t send payments to investors he once claimed he was being held hostage and sent a video of himself tied up with rope to the group as evidence (right). Photo Illustrations by Luis G. Rendon/The Daily Beast/Getty One day, in March 2019, the money dried up. Investors said there were no more daily payments, just increasingly bizarre excuses: Payments were suspended because of too many unverified transactions on the blockchain; investors had hit the “payout” button too many times and locked their accounts; a solar flare required Saffron to shut down the website for several days. At one point, two investors told The Daily Beast, Saffron claimed he could not send payments because he was being held hostage. He sent a video of himself tied up with rope to the group as evidence. As the excuses multiplied, some investors became suspicious. A few, like Nevada-based attorney Brett Marshall, started calling out Saffron in the group, asking whether they would ever get paid, according to those who spoke to The Daily Beast. Saffron responded by threatening the detractors with legal action and making new promises to the group: big-time outside investors, a coming payout he deemed the “June balloon.” (When the promised payout failed to materialize, his detractors deemed the next month “Ju- lie .”) Greg was one of the investors growing skeptical, and he urgently needed his money back to pay for the refinancing of his house. He says he told Saffron at least 10 times that he would walk away if Saffron just returned his initial investment. Every time, he said, Saffron promised to pay up the next day; every time, the money failed to materialize. Eventually, Greg stopped asking. After a few weeks of this, a few other investors decided to take things into their own hands. They pulled the contact information of everyone in the chat and reached out to them individually, asking them if they wanted to join a private chat. Some declined, afraid that Saffron would sue them or refuse to give their money back. But many more agreed, and the group eventually swelled to over 150 members. Together, they began piecing together what had happened. “Everyone had their own little facet, their own little story,” said Marshall, the Nevada attorney. “And we were able to pull it together and say, ‘Wow, alright, this is what he’s done.’” The full scope of the scheme would not be revealed for months. But the group members took what evidence they had to the Commodity Futures Trading Commission—the government agency that regulates derivatives markets—and begged them to take the case. They even created a form that investors could fill out and send directly to the CFTC, identifying themselves as victims, and pinned it to the top of their chat. When the case started, the CFTC had six or eight victims, Marshall said. When it ended, they had 179. Even as the case progressed, Saffron was enticing other investors into yet another scam, according to the indictment. In September 2020, despite a preliminary injunction barring him from soliciting or accepting funds for trading pools, Saffron allegedly encouraged an acquaintance to invest in a company called Cloud9Capital, an outside wealth management fund in which he claimed t Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-07-10 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $407,532,252,600 - Hash Rate: 221726603.8502846 - Transaction Count: 199369.0 - Unique Addresses: 523353.0 Social & AI Sentiment: - Fear & Greed Index: 0.24 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Don't miss CoinDesk'sConsensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12. Good morning, and welcome to First Mover.I’m Lyllah Ledesma, here to take you through the latest in crypto markets, news and insights. • Price Point:The crypto market appears to have stabilized, with altcoins taking the lead on Tuesday. Crypto lender Nexo is set to take over its troubled Singaporean rival Vauld. • Market Moves:The Bank of England’s has called for “enhanced regulation” of the crypto asset market to mitigate against potential risks. Crypto markets appeared to stabilize on Tuesday even as the fallout continued from June's price plunge – with fresh developments on the regulatory front and an agreement by the crypto lender Nexo to take over its troubled Singaporean rival Vauld. Bitcoin (BTC) was trading up 1.2% on the day while U.S. index futures and European equitiesfellas fears of an impending recession continued. The euro fell to a 20-year low against the dollar. Some altcoins were outperforming BTC on Tuesday, with Cosmos's ATOM leading the way, up 7.3%. Polygon’s MATIC followed with a 6.1% increase on the day. Meanwhile, concerns over cryptocurrency regulation in Europe are progressing. On Monday, European lawmakerssaidthat non-fungible token (NFT) trading platforms should be made subject to European Union anti-money laundering (AML) laws. The amendment is part of a larger discussion of proposals submitted by European lawmakers. In the U.K, the government hasannouncedit is seeking views from investors, professionals and companies on taxation of decentralized finance (DeFi) activities. According to thestatement, the government wants to gather evidence on the taxation of crypto-asset loans and staking. In other news, Samir Shah, previously JPMorgan’s (JPM) head of asset management sales,left the bankto take up the position of chief operating officer at cryptocurrency-focused investment firm Pantera Capital. In early April, Panteraannounced plans to close a blockchain fundwith about $1.3 billion in committed capital. The London-based crypto lender Nexoannouncedit has signed a term sheet with Singapore-based Vauld. Pending due diligence, Nexo will acquire up to 100% of the troubled firm. Nexo aims to use the acquisition to accelerate its presence in Asia. By Camomile Shumba The Bank of England’s Financial Policy Committee called for “enhanced regulation” of the crypto asset market to mitigate against potential risks. Noting recent market turmoil, the committee said crypto assets did not yet pose a threat to the wider financial system. They might, however, in the future as they become more integrated into mainstream finance, according to meeting summary notes published Tuesday. The committee focuses on the central bank's role in maintaining financial stability. The collapse of Terra’s UST stablecoin in May and crypto lenders including Celsius and Babel Finance freezing withdrawals this month, have focused regulators’ attention on the digital asset industry. That’s on top of more than $2 trillion of market capitalization being wiped out over a period of months. “This underscored the need for enhanced regulatory and law enforcement frameworks to address developments in crypto asset markets and activities,” the bank said in its quarterly "Financial Stability" report. The Treasury has already announced that the Bank of England is looking into bringing systemic stablecoins into itsSpecial Administration Regime, meaning the central bank would regulate stablecoins that are connected with the wider financial system. A systemic stablecoin backed by a deposit with a commercial bank would introduce “undesirable financial stability risk,” according to the report. Read the full story here:Bank of England Committee Calls for Enhanced Crypto Regulation to Limit Contagion • CoinShares Completes Napoleon Acquisition, Can Now Offer Products Across EUThe acquisition of Napoleon Asset Management was subject to approval by France's AMF, which was granted on June 28. • WonderFi Closes Acquisition of Crypto Trading Platform CoinberryThe Canadian crypto firm says it's open to more deals for firms hit by the crypto winter. • Lending Platform Vauld Looks to Restructure Amid Crypto Downturn, Suspends TransactionsVauld has seen withdrawals of around $198 million since June 12. • Singapore's Central Bank Weighs Further Safeguards on Retail Crypto TradingThe Monetary Authority of Singapore (MAS) may introduce rules on the use of leverage in crypto transactions. • Software Firm Meitu Lost Up to $52.3M in H1 Due to Slide in Crypto PricesThe last purchase by the Central American country had been in May. Today’s newsletter was edited by Bradley Keoun and produced by Stephen Alpher.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['• It was a bearish end of the week for the crypto top ten, with XRP leading the way down.\n• Following a relatively range-bound Saturday, market uncertainty weighed ahead of several key economic indicators due this week.\n• The total crypto market cap slid by $29 billion to record the third decline in nine sessions.\nIt was a bearish Sunday session for thecryptotop ten. Bitcoin (BTC) fell for a third consecutive day, withXRPleading the way down.\nFollowing the Fed meeting minutes and US nonfarm payrolls, the market focus shifts to US inflation figures this week.\nWith the numbers due out on Wednesday, another spike could reignite fears of a 75 basis point Fed rate hike and a US recession.\nLast week, the FOMC meeting minutes highlighted member concerns over the possible impact of rate hikes on the US economy. The uncertainty over Fed monetary policy and the economic outlook likely contributed to some profit-taking.\nThrough the early part of this week, we expect the crypto market to take its cues from the NASDAQ 100, with no decoupling likely near term.\nAt the time of writing, the NASDAQ 100 Mini was down by 38 points.\nThe bearish Sunday session saw the crypto market cap fall from a high of $935.7 billion to a low of $895.8 billion.\nWhile late support limited the damage, the total market cap slid by $28.9 billion to $905.2 billion.\nThe Sunday pullback left the market cap up by $54 billion for the week ending July 10.\nXRPslid by 5.66%, withETHseeing a 4.04% loss.\nADA(-3.35%),BNB(-3.62%),BTC(-3.41%),DOGE(-3.18%), , andSOL(-3.53%) also saw heavy losses.\nFrom theCoinMarketCaptop 100, TerraClassicUSD (USTC) led the way, rising by 4.04%.\nIOTA (MIOTA), Monero (XMR), Amp (AMP), Chiliz (CHZ), and Tezos (XTZ) also bucked the broader market trend.\nLeading the way down, however, was Internet Computer (ICP) and THORChain (RUNE), which slid by 8.7% and 8.9%, respectively.\n24-hour liquidations increased through Sunday, reflecting the bearish crypto session.\nThis morning, 24-hour liquidations stood at $111 billion, up from $59.5 million on Sunday morning.\nLiquidated traders over the last 24 hours increased. At the time of writing, liquidated traders stood at 39,241 versus 23,346 on Sunday.\nHowever, four-hour and One-hour liquidations reflected improving market conditions.\nAccording toCoinglass, one-hour liquidations stood at $0.586 million, down from $1.60 million on Sunday.\n• In the second quarter, crypto ATM installation growthsloweddramatically.\n• Polygon (MATIC) CEO Ryan Wyatttalkedof Terra-based projects migrating to the Polygon network.\nThisarticlewas originally posted on FX Empire\n• Oil falls on recession jitters, China COVID curbs\n• NZD/USD Forex Technical Analysis – Size of RBNZ Rate Hike in Doubt Amid Slumping Confidence, Unstable Economy\n• AUD/USD Forex Technical Analysis – Short-Sellers Exerting Pressure Ahead of US CPI Report\n• Bitcoin More Likely to Crash to $10K Than Hit $30K: Market Survey\n• Texas grid operator warns of potential rolling blackouts on Monday\n• Canadians’ anger over Rogers outage may complicate its merger hopes', 'Key Insights: It was a bearish end of the week for the crypto top ten, with XRP leading the way down. Following a relatively range-bound Saturday, market uncertainty weighed ahead of several key economic indicators due this week. The total crypto market cap slid by $29 billion to record the third decline in nine sessions. It was a bearish Sunday session for the crypto top ten. Bitcoin ( BTC ) fell for a third consecutive day, with XRP leading the way down. Following the Fed meeting minutes and US nonfarm payrolls, the market focus shifts to US inflation figures this week. With the numbers due out on Wednesday, another spike could reignite fears of a 75 basis point Fed rate hike and a US recession. Last week, the FOMC meeting minutes highlighted member concerns over the possible impact of rate hikes on the US economy. The uncertainty over Fed monetary policy and the economic outlook likely contributed to some profit-taking. Through the early part of this week, we expect the crypto market to take its cues from the NASDAQ 100, with no decoupling likely near term. Crypto – NASDAQ – 110722 Daily Chart At the time of writing, the NASDAQ 100 Mini was down by 38 points. The Total Crypto Market Cap Revisits Sub-$900bn The bearish Sunday session saw the crypto market cap fall from a high of $935.7 billion to a low of $895.8 billion. While late support limited the damage, the total market cap slid by $28.9 billion to $905.2 billion. Total Market Cap 110722 Daily Chart The Sunday pullback left the market cap up by $54 billion for the week ending July 10. The Crypto Market Movers and Shakers from the Top Ten and Beyond XRP slid by 5.66%, with ETH seeing a 4.04% loss. ADA (-3.35%), BNB (-3.62%), BTC (-3.41%), DOGE (-3.18%), , and SOL (-3.53%) also saw heavy losses. From the CoinMarketCap top 100, TerraClassicUSD ( USTC ) led the way, rising by 4.04%. IOTA ( MIOTA ), Monero ( XMR ), Amp ( AMP ), Chiliz ( CHZ ), and Tezos ( XTZ ) also bucked the broader market trend. Leading the way down, however, was Internet Computer (ICP) and THORChain (RUNE), which slid by 8.7% and 8.9%, respectively. Story continues Total Crypto Liquidations Reflect Improving Market Conditions 24-hour liquidations increased through Sunday, reflecting the bearish crypto session. This morning, 24-hour liquidations stood at $111 billion, up from $59.5 million on Sunday morning. Liquidated traders over the last 24 hours increased. At the time of writing, liquidated traders stood at 39,241 versus 23,346 on Sunday. However, four-hour and One-hour liquidations reflected improving market conditions. According to Coinglass , one-hour liquidations stood at $0.586 million, down from $1.60 million on Sunday. Total Crypto Liquidations 110722 Daily News Highlights In the second quarter, crypto ATM installation growth slowed dramatically. Polygon (MATIC) CEO Ryan Wyatt talked of Terra-based projects migrating to the Polygon network. This article was originally posted on FX Empire More From FXEMPIRE: Oil falls on recession jitters, China COVID curbs NZD/USD Forex Technical Analysis – Size of RBNZ Rate Hike in Doubt Amid Slumping Confidence, Unstable Economy AUD/USD Forex Technical Analysis – Short-Sellers Exerting Pressure Ahead of US CPI Report Bitcoin More Likely to Crash to $10K Than Hit $30K: Market Survey Texas grid operator warns of potential rolling blackouts on Monday Canadians’ anger over Rogers outage may complicate its merger hopes', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin (BTC) slides for a third day, once again threatening to fall below the crucial $20K mark.\nInsights:Ashley Alder\'s mixed crypto legacy in Hong Kong does not bode well for the industry in the U.K.\nCatch the latest episodes ofCoinDesk TVfor insightful interviews with crypto industry leaders and analysis. Andsign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context.\nBitcoin (BTC):$20,824, -3.5%\nEther (ETH):$1,165, -4.2%\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "+0.2%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Polkadot", "Ticker": "DOT", "Returns": "\\u22126.1%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "XRP", "Ticker": "XRP", "Returns": "\\u22125.7%", "DACS Sector": "Currency"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "\\u22125.4%", "DACS Sector": "Computing"}]\nThe week ahead: U.S. inflation report due; economists assess impact of Abe assassination\nCrypto markets weakened over the weekend, with bitcoin sliding for a third straight day and falling back toward $20,000 as of press time on Sunday.\nSome analysts are now pinning $17,000 as a key market support level.\n"We continue to expect choppy price action," said Joe DiPasquale, CEO of BitBull Capital, in an email. "More strong bidding around the $17K level, if bitcoin falls there again, will be a strong signal for the bulls and may indicate the formation of a potential bottom around that price."\nTraders this week will be watching for the latest U.S. consumer price index reading,expected Wednesday. The report could influence market expectations over the Federal Reserve\'s next move, at a meeting later this month; as of the last reading, inflation was at itsfastest in four decades.\nOne point of consideration: This past Friday\'s report on U.S. jobs growth in June has alleviated some concerns that the country is already in a recession; that should make it easier for the Federal Reserve to proceed with interest-rate increases of 75 basis points (0.75 percentage point), or three times as fast as in past rate-hiking cycles.\nAs CoinDesk\'s George Kaloudis wrote Sunday in his"Crypto Long & Short" column: "A 75 basis point increase to interest rates in July is basically aforegone conclusionat this point."\nAnd Oanda Senior Market Analyst Ed Moya wrote last week: "If inflation delivers another upside surprise, the September meeting could see expectations fully priced in a half-point rate increase but that could easily go up to 75 basis points."\nBank of Japan watchers are assessing what the assassination of former Japanese Prime Minister Shinzo Abe might imply for the nation\'s monetary policy,according to Bloomberg. Abe had been a strong advocate for ultra-easy financial conditions in the face of the country\'s economic stagnation.\nFriday July, 8:\nS&P 500: 3,899 -0.8%\nDJIA: 31,338 -0.1%\nNasdaq: 11,365 -0.1%\nGold: $1,741 -1.3%\nAshley Alder\'s Mixed Crypto Legacy in Hong Kong\nBy Sam Reynolds\nThe U.K\'s Financial Conduct Authority (FCA), the nation\'s financial watchdog, announced Friday that Ashley Alder, the CEO of Hong Kong’s Securities and Futures Commission, will assume the post of chair in January 2023.\nWhile Adler has a long list of accomplishments regulating Hong Kong’s traditional finance securities market, his curriculum vitae isn’t as stellar when dealing with crypto.\nCer Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-07-11 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $392,218,816,719 - Hash Rate: 178250799.1737582 - Transaction Count: 229482.0 - Unique Addresses: 590261.0 Social & AI Sentiment: - Fear & Greed Index: 0.22 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Wimbledon accused of 'exploiting' tennis fans after joining NFT craze - even as crypto prices plunge - WIMBLEDON Wimbledon has been accused of "exploiting" tennis fans after launching a non-fungible token (NFT) collection amid mounting concern over sport's increasingly close relationship with unstable cryptocurrency. The All England Club maintains the only links between their new "beautiful pieces" of digital artwork and crypto "is that these collectibles are secured and authenticated on blockchain". However, in the same week of significant falls in crypto values elsewhere, campaigners against the rise of fan tokens in sport said the tournament should not be risking association. Wimbledon follows high-profile players, clubs and competitions in football to announce lucrative partnerships with NFT firms. The Football Association is also exploring a similar partnership . Sources close to Wimbledon say the tournament turned down an approach from Socios, whose partners for fan tokens include Arsenal, Leeds and Manchester City. The fan token company has subsequently denied any approach took place. Executives eventually settled on an agreement to create a Centenary Collection with New Zealand firm Glorious, which claims its processes are less environmentally damaging. We're proud to announce the launch of The Centenary Collection: our exclusive line of digital artworks that celebrate 100 years through the lens of Centre Court. 10 artworks, 10 decades and 1,000 limited editions. Wimbledon (@Wimbledon) June 15, 2022 The product's launch this week said "ten digital masterpiece collectibles, minted on the blockchain" would "recognise the storied history that has unfolded upon the now hallowed turf". A ballot is taking place in which collectors will eventually purchase one of the limited-edition digital assets, valued at £500 each. Purchasers can also "use whatever currency they choose to buy them - pounds, dollars, euros, and cryptocurrencies", the All England Club said. Story continues "This is not a money making or speculation enterprise," a Wimbledon spokeswoman insisted in response to criticism yesterday. "It is a community-building exercise, to learn about the benefits of this very early technology - which is akin to the early days of the internet. There are many, many types of 'NFT' - the range is akin to auctioning the Mona Lisa at Christie's on one end of the spectrum with someone running a raffle at their local church. It is a very broad space. However, as Bitcoin - a benchmark for the broader crypto market - plunged in value by another nine per cent on Saturday, campaigners said there was a risk the scheme could lure tennis fans into investing in the unstable markets. Martin Calladine, who authored 'Fit and Proper People: The Lies and Fall of OWNAFC', said: "It's really disappointing to see Wimbledon exploiting tennis fans. There's never been a worse time to launch an NFT scheme nor a worse time to buy them. After the recent crypto crashes and numerous failed sports NFT projects, organisations can no longer claim the benefit of the doubt when these products lose fans money. All Wimbledon is going to achieve is to harm its reputation." Matt Zarb-Cousin - a key lobbyist behind an imminent White Paper which could ban betting adverts on shirts - also says he is becoming increasingly worried about NFTs, which lure fans into investing in unstable markets. "The prestige of Wimbledon is the latest in a long line of attempts to sportswash crypto-based fan tokens and NFTs," Zarb-Cousin, of Clean-Up Gambling added. "The prospective use case for blockchain technology in currency and intellectual property has been called into question as crypto markets crash. And in that context, owning digital artwork on a blockchain is as meaningful as copying and saving a jpeg for free." The crypto market has sustained particularly acute pressure in recent weeks, with lending company Celsius freezing withdrawals and transfers between accounts. Bitcoin is down about 59 per cent this year, while rival cryptocurrency Ethereum-backed ether is down 73 per cent. Wimbledon, however, insists its scheme is to attract collectors rather than crypto investors. "What we have created here is incomparable to other sports-based NFTs," the spokeswoman said. Under the ballot system, an individual can only purchase one collectible each. The club also pointed out "it is a closed marketplace on a very particular type of blockchain to reduce the ability for speculators to participate". Wimbledon also denied the suggestion from critics that the scheme could lure collectors into cryptocurrency investment. "The value is pegged to the pound value, not the crypto value - so we aren't asking fans to invest in unstable markets," the club said. "They are buying it to own it. Not to invest and re-sell it."... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening:\nPrices:Bitcoin dips below $20K, but crypto analysts don\'t seem bothered.\nInsights:KuCoin denies layoff rumors while Three Arrows creditors get an emergency hearing.\n●Bitcoin (BTC): $20,065−3.2%\n●Ether (ETH): $1,105−4.9%\n●S&P 500 daily close: 3,854.43−1.2%\n●Gold: $1,732 per troy ounce−0.5%\n●Ten-year Treasury yield daily close: 2.99%−0.1\nBitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found atcoindesk.com/indices.\nFor almost a month, bitcoin (BTC) has been trading in a range between $17,000 and $23,000, and crypto analysts are wondering if the worst of this year\'s big sell-off might be over.\nThe price fell 4.4% on Monday to dip below $20,000, but drops below that crucial psychological price threshold aren\'t generating the same level of panic as in early June, when bitcoin seemed to be in free fall.\n• "I\'ve heard forecasts as low as $8,000 per bitcoin, but we may have seen the bottom already," wrote Mati Greenspan, founder of the crypto and foreign-exchange analysis firm Quantum Economics. "The outlook only gets better when we realize that the absolute worst-case scenario is probably not extremely likely."\n• "The cleansing is happening," Kapil Rathi, CEO of the crypto trading platform CrossTower, told CoinDesk TV on Monday. "When we come on the other side it should be healthy and a stronger crypto market."\n• "Despite all the pessimism and negative headlines for bitcoin, the fact that it is putting up a fight at the $20,000 level is a promising sign," said Edward Moya, senior market analyst at Oanda.\nIn traditional markets, the big story on Monday in foreign exchange was the euro\'s slide toward $1 – the so-called "parity" point. CoinDesk\'s Omkar Godbole wrote about theimplications for crypto last week.\nCrypto traders are still looking ahead to Wednesday\'s expected release of June’s Consumer Price Index (CPI), the most widely regarded measure of U.S. inflation, for clues on how aggressive the Federal Reserve will need to be to slow the pace of consumer price rises.\nMost altcoins were trading in the red today, with DOGE and SHIB losing big.\nSign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context.\n[{"Asset": "Loopring", "Ticker": "LRC", "Returns": "+6.4%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22129.0%", "DACS Sector": "Entertainment"}, {"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "\\u22128.5%", "DACS Sector": "Currency"}, {"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "\\u22127.7%", "DACS Sector": "Currency"}]\nKuCoin Denies Layoff Rumors, Says It\'s Hiring 300 - by Shaurya Malwa\nCryptocurrency exchange KuCoin pushed back againstrumors of massive layoffs, saying it actually intends to hire more than 300 employees over the coming months, CEO Johnny Lyu told CoinDesk via Telegram on Monday.\n“KuCoin has not reduced staff and does not plan to do so,” Lyu said. “We are one of the few crypto platforms that continue to grow by relying on an effective business strategy, focusing on releasing new products and maintaining a healthy atmosphere in our team.”\nLyu added the company was doing everything it could to “increase the productivity and motivation of employees,” while also focusing on expanding in innovation and compliance.Important events\nRead the full storyhere.\nThree Arrows Creditors Get Emergency Hearing as Founders Fail to \'Cooperate\' - by Sam Reynolds\nWhere in the world are Su Zhu and Kyle Davies? Lawyers involved in the liquidation proceedings of Three Arrows Capital’s British Virgin Islands fund would certainly like to know because the hedge fund founders have not been cooperating in the proceedings so far and their current location is unknown.\nIn documents filed late Friday in the U.S. Bankruptcy Court for the Southern District of New York, lawyers acting on behalf of the creditors said the founders of the fund “have not yet begun to cooperate with the [proceeding] in any meaningful manner.”\nThe lawyers said that persons identifying themselves as “Su Zhu” and “Kyle” were present on an initial Zoom call, but their video and audio was turned off and they would not respond to questions posed directly to them, with only their legal representatives answering questions.\nLawyers for the creditors that visited Three Arrows’s Singapore office found it abandoned, according to court documents.\nRead the full storyhere.\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\n3AC Founders Fail to ‘Cooperate,’ Twitter Shares Plummet After Musk Drops Takeover\nFormer FDIC Chief Innovation Officer Sultan Meghji discusses the bankruptcy of crypto hedge fund Three Arrows Capital (3AC) and the ripple effects sending Celsius Network, Voyager Digital and other lenders into crisis. Did Voyager mislead customers about FDIC insurance? Kapil Rathi of CrossTower provides his markets analysis as crypto and broader markets await new inflation figures.\nBitcoin in \'Accumulation\' Phase, On-chain Indicators Suggest:Bitcoin\'s Puell Multiple and MVRV Z-Score indicate the cryptocurrency is undervalued. Similar readings have marked bear market bottoms in the past.\nVoyager Clarifies USD Deposit Concerns in Update: The crypto exchange, which filed for Chapter 11 bankruptcy, says it remains unclear how customers will be reimbursed for their cryptocurrency investments.\nCoinFlex Begins Arbitration to Recover $84M in Delinquent Debt:The trading platform also said it was speaking with depositors looking to help the business by “rolling some of their deposits into equity.”\nTwitter Shares Down 7% Following Elon Musk\'s Scrapped Takeover:The social-media company plans to take legal action against the crypto enthusiast.\nBinance Failed to Deliver on Money-Laundering Prevention Promises: Report:A Reuters report says the cryptocurrency exchange has been lax in cracking down on the financial crime.\nGryphon Mining \'Able to Take Advantage of Opportunities\' in Sector:The miner produced 71 bitcoin in June, up from 62 in May.\nCross-Chain Infrastructure Protocol LI.FI Raises $5.5M:The funding will help the firm expand to more blockchains.\nCelsius Reclaims $172M Collateral From Aave, Compound:The liquidity-strapped crypto lender has paid down $95 million in debt from the two decentralized finance (DeFi) platforms since Friday.\nVoyager Clarifies USD Deposit Concerns in Update:The crypto exchange, which filed for Chapter 11 bankruptcy, says it remains unclear how customers will be reimbursed for their cryptocurrency investments.\nGlobal Financial Watchdog FSB to Propose Crypto Regulations in October:The Financial Stability Board will recommend ways to oversee stablecoins and other digital assets to the G-20.\nNFTs Are Now Collateral for Secured Loans. Are You Legally Protected?\nToday\'s crypto explainer:Everything You Need to Know About Bitcoin ETFs', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin dips below $20K, but crypto analysts don\'t seem bothered.\nInsights:KuCoin denies layoff rumors while Three Arrows creditors get an emergency hearing.\n●Bitcoin (BTC): $20,065−3.2%\n●Ether (ETH): $1,105−4.9%\n●S&P 500 daily close: 3,854.43−1.2%\n●Gold: $1,732 per troy ounce−0.5%\n●Ten-year Treasury yield daily close: 2.99%−0.1\nBitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found atcoindesk.com/indices.\nFor almost a month, bitcoin (BTC) has been trading in a range between $17,000 and $23,000, and crypto analysts are wondering if the worst of this year\'s big sell-off might be over.\nThe price fell 4.4% on Monday to dip below $20,000, but drops below that crucial psychological price threshold aren\'t generating the same level of panic as in early June, when bitcoin seemed to be in free fall.\n• "I\'ve heard forecasts as low as $8,000 per bitcoin, but we may have seen the bottom already," wrote Mati Greenspan, founder of the crypto and foreign-exchange analysis firm Quantum Economics. "The outlook only gets better when we realize that the absolute worst-case scenario is probably not extremely likely."\n• "The cleansing is happening," Kapil Rathi, CEO of the crypto trading platform CrossTower, told CoinDesk TV on Monday. "When we come on the other side it should be healthy and a stronger crypto market."\n• "Despite all the pessimism and negative headlines for bitcoin, the fact that it is putting up a fight at the $20,000 level is a promising sign," said Edward Moya, senior market analyst at Oanda.\nIn traditional markets, the big story on Monday in foreign exchange was the euro\'s slide toward $1 – the so-called "parity" point. CoinDesk\'s Omkar Godbole wrote about theimplications for crypto last week.\nCrypto traders are still looking ahead to Wednesday\'s expected release of June’s Consumer Price Index (CPI), the most widely regarded measure of U.S. inflation, for clues on how aggressive the Federal Reserve will need to be to slow the pace of consumer price rises.\nMost altcoins were trading in the red today, with DOGE and SHIB losing big.\nSign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context.\n[{"Asset": "Loopring", "Ticker": "LRC", "Returns": "+6.4%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22129.0%", "DACS Sector": "Entertainment"}, {"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "\\u22128.5%", "DACS Sector": "Currency"}, {"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "\\u22127.7%", "DACS Sector": "Currency"}]\nKuCoin Denies Layoff R Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-07-12 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $379,996,842,800 - Hash Rate: 218828216.8718496 - Transaction Count: 275378.0 - Unique Addresses: 657668.0 Social & AI Sentiment: - Fear & Greed Index: 0.16 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: (Bloomberg) -- Turkey’s Labor Ministry is set to hand President Recep Tayyip Erdogan proposals for another hike to the national minimum wage after he urged officials to relieve the burden from fast-rising prices. Most Read from Bloomberg Putin Gets Unexpected Pushback From Ally Over War in Ukraine Bitcoin, Ether Bounce Off Lows After Record-Breaking Rout Putin May Win in Ukraine, But the Real War Is Just Starting US Rejects China’s Claims Over Taiwan Strait as Concerns Grow Fed’s Inflation Battle to Strip Workers of Rare Bargaining Power Erdogan will be presented with a range of possible increases and the associated costs to the economy, according to officials familiar with the plans. He’s expected to consider the options after returning from a NATO leaders’ summit in Madrid on June 30, the people said. Turkey raised its minimum wage by a record 50.5% in January, taking it to 4,253 liras ($246). But prices surging at an annual 74%, their fastest pace in a nearly a quarter century, have outpaced the increase and are stripping away support for Erdogan’s ruling AK Party ahead of next year’s election. Inflation Is Erdogan’s Old Nemesis and His Key Rival Standing As other central banks are tightening monetary policy over the global rally in commodity prices, Erdogan is urging Turkey’s to move in the opposite direction as he pursues a growth strategy at all costs. The policy has battered the lira, which has lost more than 23% of its value against the dollar this year. The ruling party is divided over raising the wage further, the people said, with some members arguing it will cripple employers and lead to job losses. But the majority believe it’s inevitable given the pain being felt in AK Party strongholds, they said. One of the people, an official in Erdogan’s office, dismissed concerns over mass dismissals, saying the minimum wage was still way below the average national income. Although the budget has been under strain from measures including transfers to state companies and a new type of lira bank accounts, Turkey ran a record fiscal surplus in May thanks to a surge in tax revenues. Expenditures have been on the rise, however, and will likely push the budget back into deficit in the months to come, according to Istanbul-based brokerage Seker Invest. Story continues More than 40% of all workers in Turkey earn the minimum wage, according to the country’s Social Security Institution. In a televised speech to lawmakers this week, Erdogan promised “relief” from soaring expenses in July. He then met Turk-IS labor union head Ergun Atalay for talks on the minimum wage . While the wage is normally set each December, the president said earlier that “extraordinary” circumstances could necessitate a change in policy. Most Read from Bloomberg Businessweek Ethereum Mining Is Going Away, and Miners Are Not Happy Sheryl Sandberg’s Wedding Expenses Are the Least of Facebook’s Sheryl Sandberg Problems Hell Is a Cruise Ship at the Beginning of the Pandemic The Last Bear Market Was Short-Lived. This One Feels Different Adults Who Love Toys? The Toy Industry Loves Them, Too ©2022 Bloomberg L.P.... - Reddit Posts (Sample): [['u/drpeppaMD', 'Realize gains on all my winners and hold losers?', 12, '2022-07-12 01:17', 'https://www.reddit.com/r/stocks/comments/vww6ev/realize_gains_on_all_my_winners_and_hold_losers/', 'I’ve been very patient with this downturn, probably too patient. I’ve always been of the mindset to buy great companies/funds that I like and hold. Due to that I’ve realized some gains in a handful of winners (axp,jpm,msft,appl,vfv). All though my gains are no where near what they were at ATH; they’ve still yielded and adequate return. In addition, I hold a few etfs that are down but realizing those gains for cash wouldn’t result in a terrible loss. \n\nI want to buy a house in the near future (1-2years) and would like to load up on this decline at some point. I’m stuck deciding whether I should sell and take the cash off the table or just continue holding despite not being confident in the market for the next 2-3 years. \n\nI don’t need the money in the near future necessarily as I have a good secure job and still have a sizeable cash position. I would have about 40% of my portfolio still invested companies/funds like Amazon, FB, dis + ETFs and a chunk of crypto (btc/eth). \n(All down)\n\nIs anyone else facing this dilemma? Or have experience making this decision in previous times of uncertainty and bad markets?', 'https://www.reddit.com/r/stocks/comments/vww6ev/realize_gains_on_all_my_winners_and_hold_losers/', 'vww6ev', [['u/LonghornzR4Real', 16, '2022-07-12 02:00', 'https://www.reddit.com/r/stocks/comments/vww6ev/realize_gains_on_all_my_winners_and_hold_losers/ifsirrn/', 'Sell your winners and keep your losers you say? Now that’s so dumb it just might work. Probably not though.', 'vww6ev']]], ['u/MrBluoe', 'Over 137k bitcoin (~2.6b USD) will come back into circulation next month, as Mt. Gox starts settling its bankruptcy debts. Comparisson: when LNA sold ~80k BTC the price dropped >10k.', 194, '2022-07-12 01:58', 'https://www.reddit.com/r/CryptoCurrency/comments/vwx1cs/over_137k_bitcoin_26b_usd_will_come_back_into/', 'The exchange Mt. Gox, that once handled over 70% of all bitcoin transactions, went bankrupt in 2014, after losing 86% of its funds due to a security flaw.\n\nAnd next month in August-2022, they will start paying back their customers with the 130k bitcoin they still hold (worth today \\~2.6 billion USD)\n\nAs a comparison: when the "stablecoin" LNA collapsed, they sold around 80k BTC into the market, and during that time the price dropped over 10k in value. This is, of course, a completely different situation, and it wont happen all at once, AND I have no way to predict the market. This post\'s intent is only to share this info with the community.\n\nAll I know: Interesting times ahead.\n\nCheck this video for more info: [https://www.youtube.com/watch?v=rgpfGsLW7II](https://www.youtube.com/watch?v=rgpfGsLW7II)\n\nhttps://preview.redd.it/fdmv0a1c21b91.png?width=3360&format=png&auto=webp&s=e84eb5dbf1ce240d00ec90d8dbe4791b14db5c88\n\n&#x200B;\n\nhttps://preview.redd.it/trgzfssc21b91.png?width=2152&format=png&auto=webp&s=0ecafc4315c66c974bff50b5b5561a99898bea71\n\n&#x200B;\n\nhttps://preview.redd.it/pz1iechd21b91.png?width=3172&format=png&auto=webp&s=42bd28ac1d24e110cbffdeae859d20f7cf4731f8', 'https://www.reddit.com/r/CryptoCurrency/comments/vwx1cs/over_137k_bitcoin_26b_usd_will_come_back_into/', 'vwx1cs', [['u/niloony', 17, '2022-07-12 02:04', 'https://www.reddit.com/r/CryptoCurrency/comments/vwx1cs/over_137k_bitcoin_26b_usd_will_come_back_into/ifsje6a/', "Any evidence for that date? The trustee is still being very vague. Sounds more like it'll happen next year.", 'vwx1cs'], ['u/Helen666_Keller', 10, '2022-07-12 02:08', 'https://www.reddit.com/r/CryptoCurrency/comments/vwx1cs/over_137k_bitcoin_26b_usd_will_come_back_into/ifsjw9x/', "I read these docs. They say that these people will get the option to take a lump sum up front, implying that a full payout would be vested. They can also choose between usd, btc and bch for their payout. Supposedly begins in August but all that btc isn't just gonna be dumped at once.", 'vwx1cs'], ['u/bobzor', 17, '2022-07-12 02:35', 'https://www.reddit.com/r/CryptoCurrency/comments/vwx1cs/over_137k_bitcoin_26b_usd_will_come_back_into/ifsnke7/', "The price will drop leading up to this, then go up when the coins are released to liquidate all the shorts, then dip down to liquidate the longs. Same old story, Ricks killin' Mortys.", 'vwx1cs'], ['u/grchina', 100, '2022-07-12 02:46', 'https://www.reddit.com/r/CryptoCurrency/comments/vwx1cs/over_137k_bitcoin_26b_usd_will_come_back_into/ifsp0e8/', 'Been hearing that since 2017, will believe it when I see it', 'vwx1cs'], ['u/fan_of_hakiksexydays', 59, '2022-07-12 07:34', 'https://www.reddit.com/r/CryptoCurrency/comments/vwx1cs/over_137k_bitcoin_26b_usd_will_come_back_into/iftn11g/', 'Just last week, we were promised the dump of the century, when we were told Celsius would dump thousands of Bitcoins.\n\nThey even had screenshots of wallets.\n\nAnd I had my limit order ready, waiting like an idiot for a flash crash.\n\nInstead we had a big pump to $22K.', 'vwx1cs'], ['u/Dwaas_Bjaas', 11, '2022-07-12 08:18', 'https://www.reddit.com/r/CryptoCurrency/comments/vwx1cs/over_137k_bitcoin_26b_usd_will_come_back_into/iftqsrm/', 'Buy right before the dump of course', 'vwx1cs'], ['u/DesmondNav', 140, '2022-07-12 11:29', 'https://www.reddit.com/r/CryptoCurrency/comments/vwx1cs/over_137k_bitcoin_26b_usd_will_come_back_into/ifu4q4e/', 'Important difference\n\nLUNA Foundation sold 80k BTC at Exchanges.\n\nMTGox is compensating the former customers by transferring either BTC or Fiat.\nYou can not expect every customer to sell their BTC, especially not at once.', 'vwx1cs'], ['u/HansTilburg', 10, '2022-07-12 12:53', 'https://www.reddit.com/r/CryptoCurrency/comments/vwx1cs/over_137k_bitcoin_26b_usd_will_come_back_into/ifub3kf/', 'In such cases stick market analysts say: ‘It was already priced in’', 'vwx1cs'], ['u/DerpJungler', 41, '2022-07-12 13:13', 'https://www.reddit.com/r/CryptoCurrency/comments/vwx1cs/over_137k_bitcoin_26b_usd_will_come_back_into/ifucszl/', 'Correct. \n\nAlso, as Andrei mentions in his video, a lot of the debtors have sold their credits to large institutions who bought them at a discount, which means a lot of these BTC will likely fall to the hands of big institutions (hedge funds) who are smarter than your average retail investor.', 'vwx1cs'], ['u/Remarkable_Break_709', 20, '2022-07-12 15:31', 'https://www.reddit.com/r/CryptoCurrency/comments/vwx1cs/over_137k_bitcoin_26b_usd_will_come_back_into/ifurxbo/', 'Except we are in a bear market and institutions need liquidity', 'vwx1cs'], ['u/ChiTownBob', 24, '2022-07-12 16:25', 'https://www.reddit.com/r/CryptoCurrency/comments/vwx1cs/over_137k_bitcoin_26b_usd_will_come_back_into/ifuzhrq/', 'The BTC being distributed is going from a HODL account to a non-HODL account. There WILL be selling of that BTC, the only question is the level and extent of that selling.', 'vwx1cs'], ['u/BANKSLAVE01', 10, '2022-07-12 20:38', 'https://www.reddit.com/r/CryptoCurrency/comments/vwx1cs/over_137k_bitcoin_26b_usd_will_come_back_into/ifw1owv/', "Lucky you. Glad you're one of those rich people - but the rest of us poor slaves would consider a 'free' 60k as a potentially life changing windfall. I can't imaging getting that much at once.", 'vwx1cs']]], ['u/BlaxDStroySociety', "Has anyone tested to see if you can withdrawal BCH from PayPal? Some articles say it's only BTC and ETH", 28, '2022-07-12 02:07', 'https://www.reddit.com/r/btc/comments/vwx7qa/has_anyone_tested_to_see_if_you_can_withdrawal/', "Can anyone test it and confirm here? I don't have PayPal.", 'https://www.reddit.com/r/btc/comments/vwx7qa/has_anyone_tested_to_see_if_you_can_withdrawal/', 'vwx7qa', [['u/dajohns1420', 31, '2022-07-12 02:19', 'https://www.reddit.com/r/btc/comments/vwx7qa/has_anyone_tested_to_see_if_you_can_withdrawal/ifsldx7/', "Won't buy crypto on PayPal to even try.\n\nLike 5 years ago PayPal closed my account and stole all my money for selling my bitcoin for cash sent to paypal. I was in rough times so I sold like 1/2 my crypto only for them to steal all the money, every dime I had besides the other half of my crypto. A few years later, they incorperate bitcoin. Felt like a slap in the face.", 'vwx7qa'], ['u/BlaxDStroySociety', 13, '2022-07-12 02:21', 'https://www.reddit.com/r/btc/comments/vwx7qa/has_anyone_tested_to_see_if_you_can_withdrawal/ifslnnj/', "That's messed up.", 'vwx7qa'], ['u/underworld_doom', 20, '2022-07-12 04:22', 'https://www.reddit.com/r/btc/comments/vwx7qa/has_anyone_tested_to_see_if_you_can_withdrawal/ift1vuo/', "Yep, i withdrew some BCH from there the other day. (I'm in CA.)", 'vwx7qa']]], ['u/Life-Observer', 'Why Bitcoin is actually an inflation hedge.', 21, '2022-07-12 03:49', 'https://www.reddit.com/r/Bitcoin/comments/vwz9vp/why_bitcoin_is_actually_an_inflation_hedge/', 'See tons of arguments everywhere about whether Bitcoin is an inflation hedge or not. The consensus now seems to be that it is NOT. But I will share with you why this is wrong. \n\nPeople measure Bitcoin from the all time high to the (current) price. This is mistake. Instead, to successfully determine whether it is an inflation hedge or not, they should measure from the point in which the government started aggressively printing money (spending). \n\nThat will guide you to the timeframe of about March 2020. If we measure Bitcoin’s price from March 2020 until now then we are up ~200%. A very good amount above the current inflation rate, both real (8.6%) and actually real (>14%). \n\nNow let’s take a look at the classic example of a so called inflation hedge, Gold. If we measure from March 2020 until now then gold is up ~15%. As you can see Gold can also serve as an inflation hedge (barely). \n\nThis post is not to say one is better than the other, but we can clearly see that i... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening: Prices: Bitcoin fell for a fifth day in a row, while the dollar and euro continued to flirt with parity. Traders are looking for clues about inflation in a major economic release expected Wednesday in the U.S. Insights: Valuing NFTs might be more art than science. What\'s impossible to deny is that prices for ether (ETH) – used to value many NFTs – have tanked this year. Sam Reynolds explains. Sign up for First Mover , our daily newsletter putting the latest moves in crypto markets in context. Prices ● Bitcoin ( BTC ): $19,361 −2.7% ● Ether ( ETH ): $1,043 −4.4% ● S&P 500 daily close: 3,818.80 −0.9% ● Gold: $1,724 per troy ounce −0.4% ● Ten-year Treasury yield daily close: 2.96% −0.03 Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found at coindesk.com/indices. Bitcoin ( BTC ) fell for a fifth straight day, and traders are starting to worry that maybe the market hasn\'t reached a bottom, as some analysts were hoping as recently as last week. It might just be that there are still too many negative forces pushing prices lower. The crypto term of choice is "FUD" – fear, uncertainty and doubt – but Michael Venuto, a co-founder of Toroso Investments, used the term "wall of worry" on CoinDesk\'s "First Mover" TV program on Tuesday. The bugbears range from the crypto industry\'s credit crisis – CoinDesk\'s Krisztian Sandor has been all over liquidity-strapped Celsius Network\'s maneuvers to free up collateral by paying off decentralized finance loans – to the Federal Reserve\'s inflation-fighting plans. (Helene Braun\'s preview of Wednesday\'s scheduled release of the U.S. consumer price index for June is here .) "We\'re just climbing a wall of worry," Venuto said. "We lack regulation, for clarity, to help get the institutional money in, we are dealing with; a Fed that is no longer accommodative. We\'ve got deleveraging of all things. And then we\'ve got a whole bunch of trusted third parties that came in to help people access to crypto markets, and as usual, they shouldn\'t have been trusted." Story continues In traditional markets, U.S. stocks slid, and Asian equity futures signaled modest gains at Wednesday\'s open. The big story in foreign-exchange markets this week continued to be the dollar\'s flirtation with euro " parity " – a 1-to-1 ratio. According to CNBC , the euro\'s slide against the dollar is a result of Europe\'s energy-supply crisis stemming from the Russia-Ukraine war and sanctions on Russia. There are also concerns that a weak economy might make it harder for the European Central Bank to raise interest rates – making the region\'s debt instruments less attractive than those in the U.S., where the Federal Reserve has been raising rates aggressively. Markets Biggest Gainers Asset Ticker Returns DACS Sector Chainlink LINK +0.8% Computing Gala GALA +0.4% Entertainment Biggest Losers Asset Ticker Returns DACS Sector Terra LUNA −9.6% Smart Contract Platform Loopring LRC −8.0% Smart Contract Platform Cosmos ATOM −5.9% Smart Contract Platform Insights Valuing your JPEGs is tough; be careful you don\'t overestimate Over the weekend, something weird happened. On Twitter, suddenly Three Arrows Capital was the victim of having its NFT ( non-fungible token ) fund, Starry Night Capital, undervalued . DappRadar said Starry Night’s wallet was worth about $3.7 million as of Tuesday. NFT Twitter didn\'t like the figure and thinks it should be worth more. Feedback to the article came in fast when it was first posted on Friday saying it was worth less than $5 million, and was often furious. DMs from a reader Blame was put on the DappRadar valuation tool only using the floor price of an NFT, or the lowest price you can “buy in” to a project. But that’s not true as DappRadar’s algorithm also takes into account the last sale price as well, when available. A screenshot from DappRadar showing an NFT in Starry Night\'s wallet with its last sale price DappRadar says its tool uses a machine-learning algorithm to determine appropriate prices based on market conditions. "Our algorithm calculates what is the price of an NFT, which is consistent with the historical sales data. It is not precisely predicting, but finding a price that makes sense for the current market conditions. This methodology allows the investor to evaluate how good the trade price is, whilst also assessing the importance of the sale within the collection’s market," a DappRadar spokesperson told CoinDesk via email. Tools that only use floor prices for the collection value the wallet at much less. Value.app , which tracks the floor prices exclusively, puts the wallet\'s value at around $1.6 million. An alternative valuation of the wallet from Value.app NonFungible.com sent us an even higher valuation for the wallet: $19.7 million. But that comes with a massive caveat. This figure uses the USD price at the date of the sale, Maxime Laglasse, NonFungible.com’s head of content, said in an email. So that means if an NFT was purchased for 750 ethers in late October, when one ether was worth $4,000, NonFungible.com would maintain that the NFT is still worth $3 million, even though those 750 ethers are now worth closer to $867,770. “An art asset bought for $3 million months ago can\'t be devalued because the ETH/USD price lost 50-60%,” Laglasse said. “Only an NFT sale can make the price move in a way or another. That\'s up to the last buyer to sell or not his asset to make this price move.” The problems with that argument are that NFT sales are denominated in ether and million-dollar JPEGs are a product of the peak decadence of the bull market. You can’t maintain that an NFT is still worth the last price it was paid for in ether when that ether buys a lot fewer dollars now than it did last year. If you account for the devaluation of ether, the underlying asset NFTs are denominated in from the time that Three Arrows filled up its wallet until now, there’s an average decline of 70%. That would put NonFungible,com’s valuation closer to $6 million than $19.7 million which is in range of DappRadar’s figure. And that’s only accounting for the decline in numbers, the quantitative. It’s excluding the qualitative: Is the market still interested in NFTs the same way it was at the height of last year’s bull run? Of course, all of that is ignoring wash trading (market manipulation designed to create the illusion of demand ), which runs rampant in the industry and makes up most of the volume on exchanges such as LooksRare . What’s the real value when so much of it is fake? Another data point: CryptoPunks You can get a sense of this gap between perception and reality by diving into the data provided on the CryptoPunk collection (considered to be a blue-chip NFT) by a project called DeepNFTValue , which was recently profiled on CoinDesk . DeepNFTValue uses an artificial intelligence-based pricing algorithm to determine a CryptoPunk’s value (the team is expanding it to Bored Apes next) and compare it with the asking price and time on the market. DeepNFTValue\'s valuation of CryptoPunk #8484 “Only about 10% of Punks have active bids and offers at any point in time, and only a few hundred Punks trade on a given day. Most Punks don\'t sell for months and have many have never been exchanged for ETH since they were acquired” DeepNFTValue said. DeepNFTValue\'s list of some of the CyberPunks for sale Doing a deep dive into its numbers shows a massive gap between the average seller’s asking price for a CryptoPunk and the value prescribed by DeepNFTValue’s algorithm. Overall, for the nearly 775 CryptoPunks DeepNFTValue tracks, the average delta (difference between the asking price and value assigned by the algorithm) is 907%. The average time on the market for a CryptoPunk is 152 days, with about 40% of the NFTs being on the market for six months or longer. When you narrow down the tracker to only the CryptoPunks that have been on the market for a month, that delta in price narrows to 140%. Interestingly, however, when you look at the two- to four-month period the average delta shrinks to 48%, suggesting that when punk holders really want to sell they will tempter their expectations. It\'s tough to blame anyone for wanting to sell, especially in a bear market when his other positions might have been rekt – crypto slang for wiped out – because of the broader downturn. And for wash trading on CryptoPunks themselves? Well, it runs rampant. Using Nansen’s wash trading filter , we can see that the filtered 24-hour volume is 82 ethers while the unfiltered volume, including wash trading, is closer to 2,304 ethers. Nansen\'s wash trading filter turned off Nansen\'s wash trading filter turned on Despite the NFT community’s enthusiasm for the asset class, lots of the demand remains fake. Think about this: If there was such deep liquidity and demand, why do firms that offer loans against collateralized NFTs only offer a loan-to-value ratio of 30-50%? Perhaps the market has determined that JPEGs aren’t the stoic asset class that the loudest members of the NFT community think they are. Three Arrows\' founders are due in court this week, and the hedge fund\'s creditors are requesting a list of wallets, crypto and other assets they have. Let\'s see the valuation they put on these NFTs then. UPDATE (July 13, 10:30 UTC): Updates with a response from DappRadar on how its tool works. CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Crypto Firms, Bitcoin Drops Below $20K Ahead of Inflation Data DoNotPay CEO Joshua Browder explains how retail investors can file claim suits against Celsius Network to attempt to recover their assets as the lender faces insolvency. CFRA analyst Angelo Zino and CoinDesk\'s Nikhilesh De share thei Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-07-13 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $379,996,842,800 - Hash Rate: 159411283.8139301 - Transaction Count: 222657.0 - Unique Addresses: 597185.0 Social & AI Sentiment: - Fear & Greed Index: 0.15 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: • On Tuesday, XRP found support from the broader market to end the day up by 3.6%. • The upside came despite bearish sentiment across the crypto market and a pivotal week in the SEC v Ripple case. • Later today, the SEC will reply to Ripple’s response to the SEC brief on the William Hinman speech-related documents. On Tuesday,XRProse by 3.58%. Partially reversing a 5.68% loss from Monday, XRP ended the day at $0.4372. The upside came in spite of theSEC v Ripplecase moving into a pivotal week for both sides. In recent weeks, court motions and rulings in the SEC v Ripple case have provided XRP with little price support. XRP last tested resistance at $0.45 on May 15, with a day high of $0.449 before the latest pullback to sub-$0.42 levels. While several motions have gone Ripple’s way, the SEC remains well placed and continues in its attempts to shield William Hinman’s 2018 speech-related documents and emails. In a 2018 speech, Hinman said that Bitcoin (BTC) and Ethereum (ETH) are not securities. William Hinman, former SEC Director of the Division of Corporation Finance, remains a central figure in the SEC v Ripple case. Last week, Ripplefileda reply to the SEC brief relating to William Hinman’s 2018 speech documents and Attorney-Client Privilege. A well-worded reply provided XRP price support last week but not by enough to suggest a Ripple victory in sight. One concern for XRP investors is that the Ripple defense team has opposed at least six SEC motions filed in opposition to Ripple’s August 10, 2021, motion to compel. Following the August 2021 motion, the court ruled in favor of Ripple on two occasions, and yet, the SEC continues to battle for Attorney-Client Privilege. The current sequence of responses comes following a courtrulingin favor of the SEC, allowing the SEC to file a brief in connection with the SEC’s attorney-client privilege claims regarding the Hinman speech documents. Today, the SEC is due to respond to Ripple’s reply, after which the court will deliver a ruling. The ruling could prove to be pivotal to the case and XRP price action near-term. At the time of writing, XRP was down 2.24% to $0.4274. A mixed start to the day saw XRP rise to an early morning high of $0.4418 before sliding to a low of $0.4246. XRP will need to move through the $0.4312pivotto target the First Major Resistance Level at $0.4454. XRP would need broader crypto market support to break out from the morning high of $0.4418. In the event of an extended rally, XRP should test the Second Major Resistance Level at $0.4538. The Third Major Resistance Level sits at $0.4763. Failure to move through the pivot at $0.4312 would bring the First Major Support Level at $0.4229 into play. Barring another extended sell-off throughout the day, XRP should avoid sub-$0.40. The Second Major Support Level at $0.4086 should limit the downside. TheEMAsand the 4-hourly candlestick chart (below) send a bearish signal. At the time of writing, XRP sits below the 50-day EMA, currently at $0.4515. This morning, the 50-day EMA pulled back from the 100-day EMA. The 100-day EMA also pulled back from the 200-day EMA, XRP negative. A move through the 50-day EMA would support a return to $0.50. While sentiment from the broader crypto market will influence, this week’s SEC submission and any court ruling will be the key drivers. Thisarticlewas originally posted on FX Empire • Russia uses new generation of laser weapons in Ukraine • UK’s Sunak to warn cost of living crisis won’t be easy to fix • Canada’s annual inflation rate edges up to 6.8% in April • Philippines’ Marcos set for supermajority as ‘Uniteam’ dominates Congress • Paris appeals court upholds charges of complicity in crimes against humanity against Lafarge – rights group • Germany received over 200 asylum applications from Russians in April – ministry... - Reddit Posts (Sample): [['u/ThrowAwaydntopnddins', "11 years of hating Bitcoin on Reddit. Let's look back on the predictions of anti-Bitcoiners (Adjusted from a post by u/fan_of_hakiksexydays almost a year ago today, to reflect Bitcoin's continued progress since then)", 44, '2022-07-13 01:35', 'https://www.reddit.com/r/CryptoCurrency/comments/vxovbc/11_years_of_hating_bitcoin_on_reddit_lets_look/', 'Bitcoin will crash below $200 (what is being said every year since the past 5 years)" Very close guys, but it\'s bouncing around $19K right now. I\'m sure you\'ll be right one day Little Tooths.\n\n&#x200B;\n\n\\-"Bitcoin will eventually be worth its real value- $0". Not looking like it will happen this year. And as long as you have a few people in the world still running Bitcoin and still exchanging it, it will never be 0.\n\n&#x200B;\n\n\\-"No one will be accepting Bitcoin". More than 15,174 retailers accept direct Bitcoin transactions directly worldwide, and 36,659 Bitcoin atms, so 51,833 businesses accepting Bitcoin through their shops via directly or via Bitcoin atms today. And now with Paypal, Strike\'s partnership with the largest payment processors in the world to use their lightning network integrations where transactions cost less than a penny and settle faster than Visa and Master card combined, and crypto cards, that number is almost limitless. (1) 2 years ago as of 2020 36% of small-medium businesses in the US accept Bitcoin as payment, and that\'s just the US. The number is much larger today.\n\n&#x200B;\n\n\\-"No one is using crypto for payments". While the number of transactions has increased, no one really knows how much is used for retail transactions. But according to a BitPay survey, 57% of crypto holders and former crypto holders, have used crypto for a retail purchase in the past year. (2) Hell, Sovereign wealth funds are showing interest in it this year because they\'re noticing a substantial rise in Bitcoin real estate and business sales globally, making it easier to transact than with Dollars that can be frozen whenever the US finds someone guilty for whatever arbitrary thing they choose to ban people from their payment systems. Thanks US, blocking Russia, and so many others from using your dollar has been the biggest Bitcoin marketing to sovereign wealth funds today, hell we even have a Prince working on Bitcoin\'s adoption by sovereign nations now thanks to that move. The US shooting itself right in the financial foot so Bitcoin can run in its place.\n\n&#x200B;\n\n\\-"Bitcoin has no intrinsic value". It has no physical intrinsic value, but it\'s the gold standard of an entire tech industry. It\'s backed by an entire industry of businesses, real world usage, institutions, and technology. Something bigger than a country. And it may not be backed by anything physical to make you trust it. But it\'s backed by something more solid than rocks: math. Hell, even well known Bitcoin critic Peter Schiff will accept it at his bank, even for the proposes of buying out his bank outright, proving it has value. For if it didn\'t, he would not accept it.\n\n&#x200B;\n\n\\-"Tether is the only reason the price of Bitcoin goes up, and it will destroy Bitcoin". While Tether is shady and obviously full of shit, it probably won\'t tank the price of Bitcoin if it ever gets delisted. There\'s now many stablecoin alternatives. And we\'ve already seen what happens to the market when a top 5 coin gets delisted, when XRP got delisted from major exchanges. Also 2 Berkley professors have already proven that Tether isn\'t what causes the price of Bitcoin to go up. (3)\n\n&#x200B;\n\n\\-"You will never get your \'institutional investors\', that\'s a pipe dream". Welcome to 2022 and our pipe dream only growing bigger and stronger as every day goes by and more institutions dip their toes in the water. You think you\'ve seen anything yet? Just wait until they reach the fomo faze after a whole cycle of experiencing this warm financial jacuzzi in a blizzarding world of cold dying fiat getting frozen from anyone\'s control anytime they don\'t play friendly with a politician.\n\n&#x200B;\n\n\\-"Bitcoin will be banned". It\'s been tried, it\'s been done. To no success. If it was gonna be banned successfully, it would have been done already. It\'s going to be harder now that there\'s more adoption, acceptance, more citizen holding it, and more importantly, an increasing number of powerful rich people, businesses, institutions, and countries invested in it now. With an increasing number of powerful and influential people, politicians, presidents, and CEOs with a stake in it, it\'s just not likely to happen now.\n\n&#x200B;\n\n\\-"Bitcoin is a ponzi". Just because you want to sell something for more than you paid, doesn\'t make it a Ponzi. By definition a Ponzi would need a company or person at the top. Bitcoin is a peer to peer network with no person or company in control. By definition it\'s also subversive scheme, selling a fake stock that they don\'t own, and not upfront about what it\'s doing, with no transparency. Bitcoin is one of the most transparent things. You want to see a real Ponzi Scheme, check out the dollar: [https://medium.com/coinmonks/the-modern-financial-system-is-a-debt-based-pyramid-scheme-and-an-investment-based-ponzi-scheme-e37c4154b9](https://medium.com/coinmonks/the-modern-financial-system-is-a-debt-based-pyramid-scheme-and-an-investment-based-ponzi-scheme-e37c4154b9)\n\n&#x200B;\n\n\\-"No country is ever going to accept Bitcoin as its currency". Oops...El Salvador, the Central African Republic, several independent zones, already do, with Brazil, Mexico, Panama, Russia, and so many more already working on legislation to make it so in their countries as well.\n\n&#x200B;\n\n\\-"Bitcoin is just a fad and will die out". It\'s been 13 years. And it\'s going stronger than ever. Can\'t wait for another decade of r/Buttcoin giving us some brilliant predictions.Maybe it\'s time to trade those bags of salt for bags of crypto.\n\n&#x200B;\n\nThank you u/fan_of_hakiksexydays for your original post inspiring this adaptation of your post to fit the modern day\'s progress since your post that was done only a year ago today.\n\n&#x200B;\n\nEdit: It has come to my attention that those Buttcoiners are so Butthurt about their wrong predictions on Bitcoin, a technology they don\'t even understand, over the last 11 years, that they\'re now Brigading this post to try and manipulate both its votes down, and manipulate their comments\' votes up on this post\'s thread. Here\'s a link to their Brigading post on their sub to this post here: [https://np.reddit.com/r/Buttcoin/comments/vy9rix/bitcoin\\_is\\_going\\_stronger\\_than\\_ever\\_down\\_71\\_lol/](https://www.reddit.com/r/Buttcoin/comments/vy9rix/bitcoin_is_going_stronger_than_ever_down_71_lol/)\n\nHere\'s an example of one of their attempts to get more upvotes for their comments on this thread by their fellow Buttcoiners, directly breaking Reddit\'s rules against manipulating the sites and its communities normal functions: [https://np.reddit.com/r/Buttcoin/comments/vy9rix/comment/ig1sb3a/?utm\\_source=reddit&utm\\_medium=web2x&context=3](https://www.reddit.com/r/Buttcoin/comments/vy9rix/comment/ig1sb3a/?utm_source=reddit&utm_medium=web2x&context=3)\n\nWould be a shame if someone reported them to Reddit\'s admins for breaking Reddits Sitewide Rules.', 'https://www.reddit.com/r/CryptoCurrency/comments/vxovbc/11_years_of_hating_bitcoin_on_reddit_lets_look/', 'vxovbc', [['u/[deleted]', 34, '2022-07-13 04:02', 'https://www.reddit.com/r/CryptoCurrency/comments/vxovbc/11_years_of_hating_bitcoin_on_reddit_lets_look/ifxt82p/', 'This is finally, after all day, a post that will age well.', 'vxovbc'], ['u/eat-sleep-rave', 15, '2022-07-13 05:46', 'https://www.reddit.com/r/CryptoCurrency/comments/vxovbc/11_years_of_hating_bitcoin_on_reddit_lets_look/ify5z8p/', 'My favorite header is from Washington Post, 19 February 2016\n\n"R.I.P. Bitcoin. It’s Time To Move On"\n\nThe price of bitcoin was $420 back then', 'vxovbc'], ['u/JerryLeeDog', 18, '2022-07-13 07:20', 'https://www.reddit.com/r/CryptoCurrency/comments/vxovbc/11_years_of_hating_bitcoin_on_reddit_lets_look/ifyfgh9/', 'This is good for r/Buttcoin \n\nI think they just move the decimal over every 4 years and say "ha! bet it\'s going to lose 80% of its value from here now!"\n\nOnly problem is the decimal has been moving in the wrong direction the whole fucking time from their perspective and they just keep hitting reset on denial basically', 'vxovbc'], ['u/LightninHooker', 22, '2022-07-13 07:57', 'https://www.reddit.com/r/CryptoCurrency/comments/vxovbc/11_years_of_hating_bitcoin_on_reddit_lets_look/ifyio2k/', 'OG buttcoiners are the saddest people in reddit. And that\'s something\n\nEvery day of their lifes is a reminder of how much money they could have made but they choose "to be right" \n\nThey ended up being nothing but bitter ass internet trolls', 'vxovbc'], ['u/Heclalava', 10, '2022-07-13 09:58', 'https://www.reddit.com/r/CryptoCurrency/comments/vxovbc/11_years_of_hating_bitcoin_on_reddit_lets_look/ifys44t/', "Isn't half of Reddit bitter ass internet trolls?", 'vxovbc'], ['u/Ornery_Soft_3915', 10, '2022-07-13 10:15', 'https://www.reddit.com/r/CryptoCurrency/comments/vxovbc/11_years_of_hating_bitcoin_on_reddit_lets_look/ifytcuk/', 'Or how much money they could have lost? The swings are going down as well, if I had DCAd the lat 3-4 years K would be in a fucking hole right now….', 'vxovbc'], ['u/ImThour', 12, '2022-07-13 10:46', 'https://www.reddit.com/r/CryptoCurrency/comments/vxovbc/11_years_of_hating_bitcoin_on_reddit_lets_look/ifyvlf8/', "> Also 2 Berkley professors have already proven that Tether isn't what causes the price of Bitcoin to go up.\n\nSource please", 'vxovbc'], ['u/Cryptizard', 10, '2022-07-13 19:20', 'https://www.reddit.com/r/CryptoCurrency/com... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening:\nPrices:Bitcoin\'s price clawed back above $20K despite a hot U.S. inflation reading. "Meh," said one analyst.\nInsights:Interest in mergers and acquisitions within the crypto sector is gaining traction amid a bear market and falling venture capital interest, Shaurya Malwa reports.\nPleasesign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context.\n●Bitcoin (BTC): $19,904+2.6%\n●Ether (ETH): $1,090+4.3%\n●S&P 500 daily close: 3,801.78−0.4%\n●Gold: $1,733 per troy ounce+0.5%\n●Ten-year Treasury yield daily close: 2.90%−0.05\nBitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found atcoindesk.com/indices.\nBitcoin (BTC) was higher, gaining for the first time in six days and clawing back over $20,000.\nThe expectation going into Wednesday was that a high U.S. inflation reading for June would push the Federal Reserve to get more aggressive in tightening monetary conditions to slow the consumer-price increases – and that in turn would put negative pressure on prices for risky assets, from stocks to bitcoin.\nU.S. stocks ended the session lower, so bitcoin\'s rise prompted some head-scratching from crypto analysts.\n"Normally, this is bad news for the economy and the markets," wrote Alexandre Lores, director of blockchain markets research at Quantum Economics, wrote in a newsletter. "Whether it\'s just another piece of bad economic data thrown onto the pile, or whether this was already priced in, so far investors are meh about it."\nIn digital asset markets, Polygon\'sMATICtoken was up 11% after Polygon wasselected as one of six companies to join Disney\'s Accelerator program.\nAnd crypto analysts were gawking at an obscure market metric known as the "stETH discount" – possibly a sign troubled crypto lender Celsius Network might be getting ready to dump some or all of its $435 million stash of staked ether (stETH) tokens. Krisztian Sandor hadthat story, as well as another exclusive based on blockchain data showing Celsius paying off its final installment of loans to decentralized finance protocols – in this case a$50 million loan to Compound.\n(Just before press time, CNBC reported that Celsius\'s lawyers were notifying state regulators that it hadstarted Chapter 11 bankruptcy proceedings. Celsius didn\'t immediately respond to an email from CoinDesk requesting comment.)\nToday\'s First Mover Asia was edited by Bradley Keoun and produced by Greg Ahlstrand.\n[{"Asset": "Polygon", "Ticker": "MATIC", "Returns": "+11.2%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+7.6%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Ethereum", "Ticker": "ETH", "Returns": "+4.4%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22120.9%", "DACS Sector": "Entertainment"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22120.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polkadot", "Ticker": "DOT", "Returns": "\\u22120.2%", "DACS Sector": "Smart Contract Platform"}]\nCrypto M&A Becoming a Thing as Cash-Flush Giants Pick Up the Little Guys\nBy Shaurya Malwa\nInterest in mergers and acquisitions within the crypto sector is gaining traction amid a bear market and falling venture capital interest.\nCompanies flush with cash, such as crypto exchange FTX, are using their resources to capitalize on distressed assets in times of turmoil. The exchange’s U.S. counterpart, FTX US, recently gained an option to buy embattled crypto company BlockFi forup to $240 million, after offering a $400 million line of credit.\nSeparately, blockchain protocol company Ripplesaidin May that it was prepared to use its “strong balance sheet” to purchase the companies behind popular crypto protocols and products.\nThe sentiment follows a record year for mergers and acquisition activity in 2021. According to a PwC report, such deals accounted for transactions totaling more than $55 billion, much more than the $1.1 billion recorded in 2020.\nAverage deal sizes in the space last year also tripled to $179.7 million in 2021 from $52.7 million in 2020, the PwC report found.\nSome analysts say the increasing interest in purchasing existing crypto players comes from the “size is important” mentality of founders.\n“Companies that already dominate segments of their market and who think that size is important will use the opportunities to buy smaller competitors to absorb their customers,” said Martin Hiesboeck, head of research at crypto bank Uphold, in an email with CoinDesk.\n“Financial institutions with money at their disposal have always used times of crisis to strengthen their position. This is nothing new, and certainly not a feature special to crypto. Just like in banking, few banks in any country dominate the market,” Hiesboeck added.\nThat does not, however, mean that smaller operators with innovative or disruptive business models don\'t have room to grow, Hiesboeck said.\nMeanwhile, Hiesboeck said a number of smaller crypto players might be facing turbulence in the current market conditions. “Data leads us to believe that around eight smaller exchanges/wallets are currently struggling, however it\'s still unclear across the market how this will play out,” he said, without divulging specifics.\n“The changing regulatory environment, in particular in the European Union, will force exchanges, and lenders in particular, to disclose more information about their holdings and liabilities, and therefore allow us to have a clear picture of who may be buying and who may be bought,” Hiesboeck said.\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin, Crypto Markets Turn Red Upon News of US Inflation Hitting 9.1%, Legal Ramifications of NFT-backed Loans\nU.S. economy recorded 9.1% inflation in June, a new 40-year high. Will policy makers look for even more aggressive measures to tame inflation, and how would this affect crypto markets? Plus, Jeff Karas, lawyer at Anderson Kill, discusses the complexity and risks of using non-fungible tokens (NFT) as collateral for secure loans. And Aaron Selenica, a college student who lost money trading on the now bankrupt Voyager Digital, shares his story.\nFormer Crypto Adviser Michael Barr Confirmed as Top US Financial Watchdog:The U.S. Senate approved the appointment of Barr, an ex-Ripple adviser who served in Obama’s Treasury Dept., as the Fed’s new vice chair for supervision.\nCelsius Pays Off Last DeFi Loan, Reclaims Nearly $200M of Wrapped Bitcoin From Compound:The troubled crypto lender previously paid off loans from Aave and Maker.\nWobble in stETH\'s Price Shows Fear Celsius Might Dump $435M Stake:The discount on stETH, a derivative of ether, surged as the crypto lender reclaimed and then transferred almost 10% of the total supply of the token.\nPolygon Joins Disney’s ‘Accelerator Program’ to Develop AR, NFT and AI Experiences:The Ethereum scaling tool is one of six companies selected by the media and entertainment giant to be a part of its new program.\nThe Fed Can\'t Whip Inflation Alone\nToday\'s crypto explainer:What Is Bitcoin Pizza Day?', 'Good morning. Here’s what’s happening: Prices: Bitcoin\'s price clawed back above $20K despite a hot U.S. inflation reading. "Meh," said one analyst. Insights: Interest in mergers and acquisitions within the crypto sector is gaining traction amid a bear market and falling venture capital interest, Shaurya Malwa reports. Please sign up for First Mover , our daily newsletter putting the latest moves in crypto markets in context. Prices ● Bitcoin ( BTC ): $19,904 +2.6% ● Ether ( ETH ): $1,090 +4.3% ● S&P 500 daily close: 3,801.78 −0.4% ● Gold: $1,733 per troy ounce +0.5% ● Ten-year Treasury yield daily close: 2.90% −0.05 Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found at coindesk.com/indices. Bitcoin ( BTC ) was higher, gaining for the first time in six days and clawing back over $20,000. The expectation going into Wednesday was that a high U.S. inflation reading for June would push the Federal Reserve to get more aggressive in tightening monetary conditions to slow the consumer-price increases – and that in turn would put negative pressure on prices for risky assets, from stocks to bitcoin. U.S. stocks ended the session lower, so bitcoin\'s rise prompted some head-scratching from crypto analysts. "Normally, this is bad news for the economy and the markets," wrote Alexandre Lores, director of blockchain markets research at Quantum Economics, wrote in a newsletter. "Whether it\'s just another piece of bad economic data thrown onto the pile, or whether this was already priced in, so far investors are meh about it." In digital asset markets, Polygon\'s MATIC token was up 11% after Polygon was selected as one of six companies to join Disney\'s Accelerator program . And crypto analysts were gawking at an obscure market metric known as the "stETH discount" – possibly a sign troubled crypto lender Celsius Network might be getting ready to dump some or all of its $435 million stash of staked ether (stETH) tokens. Krisztian Sandor had that story , as well as another exclusive based on blockchain data showing Celsius paying off its final installment of loans to decentralized finance protocols – in this case a $50 million loan to Compound . Story continues (Just before press time, CNBC reported that Celsius\'s lawyers were notifying state regulators that it had started Chapter 11 bankruptcy proceedings . Celsius didn\'t immediately respond to an email from CoinDesk Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-07-14 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $387,435,409,650 - Hash Rate: 179699992.6629758 - Transaction Count: 286894.0 - Unique Addresses: 685931.0 Social & AI Sentiment: - Fear & Greed Index: 0.18 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Don't miss CoinDesk'sConsensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12. Bradley Miles, co-founder of social token infrastructure platformRoll, owns bitcoin, does not own DOGE and thinks in 100 years there will be fewer currencies. His platform is built for the creator economy, it allows anyone to mint a token to monetize their brands and reward communities. Miles, a speaker at theConsensus festival, is the latest to answer CoinDesk Confidential, our updated version of the Proust Questionnaire. The original survey was popularized, but not invented, by the French novelist about a century ago, and seeks to arrive at an understanding of someone's "true nature" by asking a series of mundane and thought-provoking questions. You can take the questionnaire, updated for the crypto age,here. Do you own bitcoin? Heck yeah. Do you own dogecoin? Nope. What about SHIB? Nope, there will be many "SHIBs" in the next five years or so, no staying power. Where are you from? New Yawk Greatest fear? We aren't ethically thinking about technology enough. No one (aside from Tristan Harris) is really thinking about the ethics of technology at scale. Greatest joy? We are truly building the technology of the future, it's a dream! We also get a front row seat and get to talk to the smartest folks! What is the quality you most like in a man/woman/person? Honestly and the ability to at least have conversations 5 years in the future What do you consider the most overrated virtue? Beauty Do you often remember your dreams? I remember my dreams may once every 3 years. In a dream 3 years ago I ran into a room with a bunch of spiders and cobwebs and in the most recent dream I remember, I lost all my teeth. What does it all mean?! Do you like lemons? I love lemons and lemon juice as well 🍋 Is crypto still blossoming? This is like asking if the internet is still blossoming. Of course! for at least the next 20 years. Is crypto an ugly duck? Maybe like the Internet was an ugly duck from like 1990-1994 Should Elon Musk run Twitter? I don't have a preference here. I think it could go horribly wrong or beautifully correct. At the end of the day it's just a platform. Should countries be run as companies? Wow, hmmm, not sure. In 100 years, will there be more or fewer monies? hahaha. Nooooooo. Is the U.S. dollar a Ponzi scheme? Read the Fiat Standard. It analyzes USD through tokenomics and thinks of other fiat coins (pounds etc.) as layer 2 coins that settle on layer 1 (USD). I think USD will be around for at least the next few centuries and is not a Ponzi, Who is your favorite politician? Why? I think maybe Andrew Yang. I met him before he ran for office and he was cordial and really excited about the promise of blockchains. He still is! Is Bitcoin forever? Probably, but will only be relevant until the max supply is realized a century from now. 2200 – I don't think we really rely on bitcoin Which living person do you most admire? Sam Harris is really impressive! What is your idea of perfect happiness? No fears and a great walk Ću vi parolas esperanton? Kompreneble Do what you want or do what you must? Do what you must until they are the same Would you choose a green thumb or the absolute guarantee you will never get gangrene? ew. Green thumb probs. What is your best characteristic? I can listen and not talk for a really long time. What characteristic do you most deplore in yourself? If I know you really well, I tend to interrupt more than I'd like to admit. Do you use a hardware wallet? Fasho Greatest extravagance? Orvis backpack Your worst regret? Spending money on people. Favorite TV show? (What you're watching now?) Ozark! Or Billions (I know ... new season isn't as good)! Any words of wisdom? Don't try You can have one historical figure over for coffee, who do you choose? Dostoevsky for sure. Or Kierkegaard! Love my existentialists Jack Dorsey wanted a “Blue Sky” for Twitter. Should the web only be built on open protocols? Open protocol maximalism isn't for everyone. Once most of the midwest is on the blockchain we can start to really ask these questions. For now, they are still figuring out Snapchat. Approximate size – depth and width – of the largest hole you’ve dug? Not far, maybe like 2 feet on the beach What is your greatest achievement? Building Roll! Or writing BreakIntoVC! AI. To be pursued? For sure, but the real goal is AGI Your current state of mind? New Yawk Would you choose to live forever? Why or why not? Living forever would be incredibly painful for a number of reason, in many ways, it would be inhumane. Living 2-3x longer is interesting. Do cars look like faces to you? hehe Dogs or cats? Ask my wife Can dogs smile? Yeah, I saw it on youtube once Who is your favorite singer? At the time of the answer the Bulgarian State Television Female Choir Napkins: for or against them? Are you kidding? For Do you have a library card? Not anymore sadly. The library audiobook system is a such a good free hack. How is the weather today? Beautiful! On what occasion do you lie? oof ... no comment. What do you most dislike about your appearance? I wish I lost maybe 10 pounds! Which living person do you most despise? I don't really have too much negative energy for folks these days but probably a few dictators. Maybe Ann Coulter? Do you write a list before grocery shopping? I should If you could be safely catapulted somewhere, would you prefer to walk? hehe Do you own an article of clothing that could be called indigo? yeah Bees see ultraviolet; do you see the same world (or most of it)? huh? New York or San Francisco bagels? Dude. Yawk. How many glasses of water do you drink per day? Not enough! Are birds real? Yeah What drives you? I think I can create a better future for people that are all-in on the internet Would you ever drive a red convertible regularly? I drove a blue one for years. What or who is the greatest love of your life? My wife! And crypto! Which words or phrases do you most overuse? heh, "Wrap around" What’s your strongest-held belief that would get you "canceled"? ... What’s the funniest/smartest tweet you’ve seen that can recall off the top of your head? Elon's musks memes are funny. I like the one about "bots all the way down" referring to twitter. That or on the smart side probably a James Clear tweet. Single favorite meme? @inversebrah If you could be granted one superpower, what would it be? Making inanimate objects conscious. How would you like to die? Peacefully In three words or fewer, what is currently the largest detriment to society? Hungry poor people In three words or fewer, what is currently the greatest hope for society? Raising collective intelligence... - Reddit Posts (Sample): [['u/redroverliveson', 'Bitcoin - 110k. 2 Tetriz + 2 Green Bats = 200k. Time to change the Mechanic trade or what?', 202, '2022-07-14 00:10', 'https://www.reddit.com/r/EscapefromTarkov/comments/vyfed2/bitcoin_110k_2_tetriz_2_green_bats_200k_time_to/', "If bitcoin is going to go up and down with the market, shouldn't these barters as well?\n\nIn reality it makes no sense doing this trade losing nearly 100K in profit. \n\nSomeone talk to me and hold me close.", 'https://www.reddit.com/r/EscapefromTarkov/comments/vyfed2/bitcoin_110k_2_tetriz_2_green_bats_200k_time_to/', 'vyfed2', [['u/definitelynotdepart', 156, '2022-07-14 01:39', 'https://www.reddit.com/r/EscapefromTarkov/comments/vyfed2/bitcoin_110k_2_tetriz_2_green_bats_200k_time_to/ig25scm/', "There's a fuck ton of useless barters, this is just yet one more added to the list now.", 'vyfed2'], ['u/Kanzuke', 12, '2022-07-14 01:44', 'https://www.reddit.com/r/EscapefromTarkov/comments/vyfed2/bitcoin_110k_2_tetriz_2_green_bats_200k_time_to/ig26f36/', "Except the vendor price of the requirements is 183,960 to therapist. It's not even worth trading non-fir items at the moment", 'vyfed2'], ['u/Heajongs', 22, '2022-07-14 01:54', 'https://www.reddit.com/r/EscapefromTarkov/comments/vyfed2/bitcoin_110k_2_tetriz_2_green_bats_200k_time_to/ig27v5r/', 'The only reason I can see people doing the trade is to get bitcoins for the weapon case trade', 'vyfed2'], ['u/Draizix', 16, '2022-07-14 02:30', 'https://www.reddit.com/r/EscapefromTarkov/comments/vyfed2/bitcoin_110k_2_tetriz_2_green_bats_200k_time_to/ig2cp4n/', 'Time to just make bitcoin a regular price. Never change it and leave it alone.', 'vyfed2'], ['u/imjustnapping', 11, '2022-07-14 03:16', 'https://www.reddit.com/r/EscapefromTarkov/comments/vyfed2/bitcoin_110k_2_tetriz_2_green_bats_200k_time_to/ig2ixji/', 'nothing new here, just another useless outdated barter added to the list of completely useless barters ayyy.', 'vyfed2'], ['u/massa_chan', 35, '2022-07-14 04:36', 'https://www.reddit.com/r/EscapefromTarkov/comments/vyfed2/bitcoin_110k_2_tetriz_2_green_bats_200k_time_to/ig2tdve/', 'its funny when bitcoin goes trough the roof, they nerf its price. But when it crash They leave it.', 'vyfed2'], ['u/straight_lurkin', 57, '2022-07-14 04:46', 'https://www.reddit.com/r/EscapefromTarkov/comments/vyfed2/bitcoin_110k_2_tetriz_2_green_bats_200k_time_to/ig2umrx/', "I have some bad news for you, don't look at 90% of barters in the game. Y'all remember the original tetriz trade? Good times.\n\nSide note, use your bitcoins to trade for weapons cases. Basically get a weapons case for 1.1mil", 'vyfed2'], ['u/Titanus69420', 11, '2022-07-14 05:10', 'https://www.reddit.com/r/EscapefromTarkov/comments/vyfed2/bitcoin_110k_2_tetriz_2_green_bats_200k_time_to/ig2xkg5/', 'Better off just getting Mechanic level 3, and buying two or three cases with the money you saved.', 'vyfed2'], ['u/TheMrTGaming', 25, '2022-07-14 06:58', 'https://www.reddit.com/r/EscapefromTarkov/comments/vyfed2/bitcoin_110k_2_tetriz_2_green_bats_200k_time_to/ig39evj/', 'I remember when they did all the bandaid "fixes" to bitcoin. Rather than simply adjust the value of the coin, they nerfed production. Which to my knowledge is still the same, really slow and mostly unprofitable. I hate to be negative all the time about this game, but with every decision it seems like they\'re using half their brain and none their resources to actually improve the game. Barters that make no sense, zero actual effort in balancing ammo stats and availability, armor prices and trades that are simply wild.', 'vyfed2'], ['u/PawPawPanda', 13, '2022-07-14 08:02', 'https://www.reddit.com/r/EscapefromTarkov/comments/vyfed2/bitcoin_110k_2_tetriz_2_green_bats_200k_time_to/ig3fa2z/', "Actually a great tip, thank you! Sold all my GP coins and was probably going to sell the bitcoins tomorrow, now I'll keep them for the trade.", 'vyfed2'], ['u/Annonimbus', 21, '2022-07-14 10:17', 'https://www.reddit.com/r/EscapefromTarkov/comments/vyfed2/bitcoin_110k_2_tetriz_2_green_bats_200k_time_to/ig3po68/', 'Useless barters make me unreasonably sad. Why are they in the game if buying the item directly is cheaper anyway? :(', 'vyfed2'], ['u/I_was_a_sexy_cow', 12, '2022-07-14 10:37', 'https://www.reddit.com/r/EscapefromTarkov/comments/vyfed2/bitcoin_110k_2_tetriz_2_green_bats_200k_time_to/ig3r2pf/', 'Well let\'s say you die with a thing in one of these useless items in your inventory, now you have one not found in raid sitting in your stash. Let\'s say that item sells for 4k to the trader, but the barter item sells for 7k\n\nBartering would then give you 12k of "spent" money instead of 4, right? Even tho the barter was useless', 'vyfed2'], ['u/baseballdude32', 10, '2022-07-14 11:34', 'https://www.reddit.com/r/EscapefromTarkov/comments/vyfed2/bitcoin_110k_2_tetriz_2_green_bats_200k_time_to/ig3v7ev/', "At least in the case of the Bitcoin barter, tetris sell for ~70k each and GreenBat sells for ~15k each. That's 200k to vendor, bitcoin is ~115k. That's -85k for vendor barter. Bitcoins don't really have a use outside of the weapon cases but the other barters for them are almost always way cheaper.", 'vyfed2'], ['u/straight_lurkin', 10, '2022-07-14 13:12', 'https://www.reddit.com/r/EscapefromTarkov/comments/vyfed2/bitcoin_110k_2_tetriz_2_green_bats_200k_time_to/ig43111/', 'Oooooi ... there is a GP coin barter after a REALLY early lighthouse quest that trades 5 GP coins for a almost full meta 7.62 Ak. The grip, handguard, and muzzle alone sell for 150k. Last wipe it was 3 GP then they nerfed it and its still a great deal', 'vyfed2'], ['u/halalbacon991', 10, '2022-07-14 13:17', 'https://www.reddit.com/r/EscapefromTarkov/comments/vyfed2/bitcoin_110k_2_tetriz_2_green_bats_200k_time_to/ig43j08/', 'this is classic bsg nerf philosophy. nerf everything around it, then when they see it still doesnt work, they smash the nerf(sledge)hammer, while keeping previous nerfs.\n\n&#x200B;\n\nseen it so many times over the years. kiba, labs and whatnot.. so annoying', 'vyfed2']]], ['u/TerribleD', 'Its the Whales! No, its the Bears! Wait, its the derivatives markets! Wrong, its the Bulls...', 42, '2022-07-14 00:43', 'https://www.reddit.com/r/Bitcoin/comments/vyg683/its_the_whales_no_its_the_bears_wait_its_the/', "I'm calling bullshit on all of it and have gotten to the point where I JUST DON'T FUCKING CARE ANYMORE about price action. I used to be addicted to watching charts but now days go by and I don't even know the dollar amount of bitcoin.\n\nI just keep on stacking and ignore the FUD and Fake News and know in my knower that someday Bitcoin rules the financial system and price doesn't matter.", 'https://www.reddit.com/r/Bitcoin/comments/vyg683/its_the_whales_no_its_the_bears_wait_its_the/', 'vyg683', [['u/Klowd09', 22, '2022-07-14 00:52', 'https://www.reddit.com/r/Bitcoin/comments/vyg683/its_the_whales_no_its_the_bears_wait_its_the/ig1z95v/', '"Know in my knower" 🤣 I love it.', 'vyg683']]], ['u/mrzuzzo', "The utility of NFTs and crypto is in solving inflation, and here's why.", 40, '2022-07-14 01:05', 'https://www.reddit.com/r/Buttcoin/comments/vygnoj/the_utility_of_nfts_and_crypto_is_in_solving/', "Alright, listen up you stupid nocoiners. This morning as BTC once again dipped so I could stack more sats, I realized that it dipped because the new inflation numbers were announced.\n\nSo inflation is currently above 9%, but the devil is in the details. I direct you to the Bureau of Labor Statistics website right here: [https://www.bls.gov/news.release/cpi.t02.htm](https://www.bls.gov/news.release/cpi.t02.htm) which explains how they count inflation. \n\nNow, look through the categories. You've got things like food, energy, clothing, etc. What's missing? That's right. NFTs and crypto. \n\nSo here's the deal:\n\nInflation is high because the stupid boomers and old farts in the government don't take the price of NFTs and crypto into account.\n\nI did some back-of-the-napkin math with my cousin Vinny and we concluded that if you count a 90%+ percent deflation in NFT prices and a 70% deflation in crypto prices in the CPI, then we are actually in a deflationary cycle, not inflationary as the evil government and mainstream media would want you to believe.\n\nThe solution is simple and few understand. NFTs solve inflation. \n\n&#x200B;\n\nCheckmate you stupid nocoiners, have fun staying poor.", 'https://www.reddit.com/r/Buttcoin/comments/vygnoj/the_utility_of_nfts_and_crypto_is_in_solving/', 'vygnoj', [['u/kiwi_crusher', 13, '2022-07-14 01:50', 'https://www.reddit.com/r/Buttcoin/comments/vygnoj/the_utility_of_nfts_and_crypto_is_in_solving/ig277ow/', 'Mods get him', 'vygnoj'], ['u/spookmann', 18, '2022-07-14 02:03', 'https://www.reddit.com/r/Buttcoin/comments/vygnoj/the_utility_of_nfts_and_crypto_is_in_solving/ig292d6/', '"But mods...I am Pagliacci.”\n\n(Also... I think this is /s).', 'vygnoj'], ['u/EdMan2133', 19, '2022-07-14 02:15', 'https://www.reddit.com/r/Buttcoin/comments/vygnoj/the_utility_of_nfts_and_crypto_is_in_solving/ig2alir/', 'Holy shit you proved that fiat is actually deflationary. Moon wen?', 'vygnoj'], ['u/mrzuzzo', 10, '2022-07-14 02:57', 'https://www.reddit.com/r/Buttcoin/comments/vygnoj/the_utility_of_nfts_and_crypto_is_in_solving/ig2gb31/', 'Yes. This is why you must always DYOR. I did a lot of research between YouTube videos and Twitter threads and discovered this.', 'vygnoj'], ['u/meekmarmot', 13, '2022-07-14 05:11', 'https://www.reddit.com/r/Buttcoin/comments/vygnoj/the_utility_of_nfts_and_crypto_is_in_solving/ig2xqgx/', 'You failed to account for slurp juice which, when used multiple times on a single ape, actually causes inflation in NFTs.', 'vygnoj']]], ['u/mnpc', 'Some of the lawsuits (by users) against Celsius.', 25, '2022-07-14 01:49', 'https://www.reddit.com/r/CelsiusNetwork/comments/vyhlgg/some_of_the_lawsuits_by_users_against_celsius/', 'Findings from searching public records (will update periodical... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Key Insights: It was another bullish session for the crypto top ten, with Ethereum (ETH) leading the way. The upside came despite a spike in US wholesale inflation, with FOMC member chatter of a 75-basis point rate hike easing fears of a 100-basis point hike later this month. The total crypto market cap rose by $23 billion to log the second increase of the week. It was a bullish Thursday session for the crypto top ten. Bitcoin ( BTC ) consolidated the Wednesday rebound, while ETH bounced back to revisit $1,200. A spike in US wholesale inflation and weak jobless claims figures tested support for riskier assets. The US wholesale annual rate of inflation accelerated from 10.9% to 11.3% in June, beating a forecasted 10.7%. In the week ending July 8, jobless claims rose from 235k to 244k, adding to the bearish sentiment. Later in the US session, however, riskier assets found support from Fed Governor Christopher Waller, who supported a 75-basis point rate hike in July. The latest consumer price and nonfarm payroll figures have brought a 100-basis point rate hike onto the table. Market reaction to Waller’s comments was evident, with the crypto market rising in response. The NASDAQ 100 avoided a fourth consecutive day in the red, eking out a 0.03% gain ahead of US retail sales figures due later today. Total Market Cap – NASDAQ – 150722 5 Min Chart At the time of writing, the NASDAQ 100 Mini was up 61 points, with the retail sales figures likely the final piece of the jigsaw for the Fed. Solid numbers would support the more hawkish rate hike bets. Amidst increased sensitivity to FOMC member chatter, Fed commentary will also draw plenty of interest. The Total Crypto Market Cap Returns to $900bn A mixed Thursday session saw the crypto market cap fall to a day low of $855 billion before finding support. Investor reaction to the US wholesale inflation and jobless claims figures weighed before a jump to a high of $914 billion. While a late pullback limited the upside, investors poured a further $23 billion back into the market to take the crypto market cap up $37 billion for July. Story continues Total Market Cap 150722 Daily Chart The Crypto Market Movers and Shakers from the Top Ten and Beyond ETH rallied by 7.04% to lead the way, with BNB (+3.47%) and SOL (+6.31%) finding strong support. ADA (+0.68%), BTC (+1.71%), DOGE (+0.87%), and XRP (+2.93%) trailed the front runners. From the CoinMarketCap top 100, Uniswap ( UNI ) and Polygon ( MATIC ) were among the front runners, with gains of 14.70% and 10.94%, respectively. At the other end of the table, TerraClassicUSD ( USTC ) and Decred ( DCR ) fell by 11.25% and 1.22%, respectively, to buck the broader market trend. Total Crypto Liquidations Slip Back in Bullish Session On Thursday, 24-hour liquidations eased back as the crypto market brushed aside wholesale inflation numbers from the US. This morning, 24-hour liquidations stood at $180 million, down from $230 million on Thursday. Liquidated traders over the last 24 hours declined to also reflect improving market conditions. At the time of writing, liquidated traders stood at 51,568 versus 72,955 on Thursday. One-hour and four-hour liquidations showed improving market conditions at the turn of the day. According to Coinglass , one-hour liquidations stood at $2.41 million, down from $7.12 million on Thursday. Four-hour liquidations stood at $9.20 million, down from $13.28 million on Thursday. Total Crypto Liquidations 150722 Daily News Highlights CEL Token price plunged 50% in response to Celsius filing for bankruptcy. Walt Disney ( DIS ) selected Polygon (MATIC) to join the 2022 Disney Accelerator. The crypto winter hit Open Sea, which announced a 20% reduction in headcount Uniswap surged in response to Robinhood ( HOOD ) listing. The UK’s Financial Conduct Authority (FCA) called for global crypto rules to keep the markets clean. This article was originally posted on FX Empire More From FXEMPIRE: Chinese property shares slide despite Beijing assurance on mortgage protests Sri Lanka’s parliament speaker accepts Rajapaksa’s resignation Indonesia trade surplus beats forecast after palm oil exports resumption Sri Lanka parliament speaker accepts Rajapaksa’s resignation Ukraine denounces deadly missile strike as war overshadows G20 meeting Uniqlo owner’s shares reach 2022 high on profit forecast, yen', '• It was another bullish session for the crypto top ten, with Ethereum (ETH) leading the way.\n• The upside came despite a spike in US wholesale inflation, with FOMC member chatter of a 75-basis point rate hike easing fears of a 100-basis point hike later this month.\n• The total crypto market cap rose by $23 billion to log the second increase of the week.\nIt was a bullish Thursday session for thecryptotop ten. Bitcoin (BTC) consolidated the Wednesday rebound, whileETHbounced back to revisit $1,200.\nA spike in US wholesale inflation and weak jobless claims figures tested support for riskier assets.\nThe US wholesale annual rate of inflation accelerated from 10.9% to 11.3% in June, beating a forecasted 10.7%. In the week ending July 8, jobless claims rose from 235k to 244k, adding to the bearish sentiment.\nLater in the US session, however, riskier assets found support from Fed Governor Christopher Waller, who supported a 75-basis point rate hike in July. The latest consumer price and nonfarm payroll figures have brought a 100-basis point rate hike onto the table.\nMarket reaction to Waller’s comments was evident, with the crypto market rising in response.\nThe NASDAQ 100 avoided a fourth consecutive day in the red, eking out a 0.03% gain ahead of US retail sales figures due later today.\nAt the time of writing, the NASDAQ 100 Mini was up 61 points, with the retail sales figures likely the final piece of the jigsaw for the Fed. Solid numbers would support the more hawkish rate hike bets. Amidst increased sensitivity to FOMC member chatter, Fed commentary will also draw plenty of interest.\nA mixed Thursday session saw the crypto market cap fall to a day low of $855 billion before finding support. Investor reaction to the US wholesale inflation and jobless claims figures weighed before a jump to a high of $914 billion.\nWhile a late pullback limited the upside, investors poured a further $23 billion back into the market to take the crypto market cap up $37 billion for July.\nETHrallied by 7.04% to lead the way, withBNB(+3.47%) andSOL(+6.31%) finding strong support.\nADA(+0.68%),BTC(+1.71%),DOGE(+0.87%), andXRP(+2.93%) trailed the front runners.\nFrom theCoinMarketCaptop 100, Uniswap (UNI) and Polygon (MATIC) were among the front runners, with gains of 14.70% and 10.94%, respectively.\nAt the other end of the table, TerraClassicUSD (USTC) and Decred (DCR) fell by 11.25% and 1.22%, respectively, to buck the broader market trend.\nOn Thursday, 24-hour liquidations eased back as the crypto market brushed aside wholesale inflation numbers from the US.\nThis morning, 24-hour liquidations stood at $180 million, down from $230 million on Thursday.\nLiquidated traders over the last 24 hours declined to also reflect improving market conditions. At the time of writing, liquidated traders stood at 51,568 versus 72,955 on Thursday.\nOne-hour and four-hour liquidations showed improving market conditions at the turn of the day.\nAccording toCoinglass, one-hour liquidations stood at $2.41 million, down from $7.12 million on Thursday. Four-hour liquidations stood at $9.20 million, down from $13.28 million on Thursday.\n• CEL Token priceplunged50% in response to Celsius filing for bankruptcy.\n• Walt Disney (DIS) selected Polygon (MATIC) to join the 2022 Disney Accelerator.\n• The crypto winter hit Open Sea, whichannounceda 20% reduction in headcount\n• Uniswapsurgedin response to Robinhood (HOOD) listing.\n• The UK’s Financial Conduct Authority (FCA)calledfor global crypto rules to keep the markets clean.\nThisarticlewas originally posted on FX Empire\n• Chinese property shares slide despite Beijing assurance on mortgage protests\n• Sri Lanka’s parliament speaker accepts Rajapaksa’s resignation\n• Indonesia trade surplus beats forecast after palm oil exports resumption\n• Sri Lanka parliament speaker accepts Rajapaksa’s resignation\n• Ukraine denounces deadly missile strike as war overshadows G20 meeting\n• Uniqlo owner’s shares reach 2022 high on profit forecast, yen', 'Key Insights: Bitcoin (BTC) rose by 1.71% on Thursday to consolidate the Wednesday 4.77% rally. The breakout session came despite an acceleration in US wholesale inflationary pressure that left the NASDAQ 100 flat for the session. The Bitcoin Fear & Greed Index fell from 18/100 to 15/100, with investors now looking ahead to US retail sales figures due today. On Thursday, bitcoin ( BTC ) rose by 1.71%. Following a 4.77% rally on Wednesday, BTC ended the day at $20,577. A mixed session saw BTC slide to a low of $19,620 in response to US wholesale inflation and weekly jobless claims numbers before making a move. Steering clear of the First Major Support Level at $19,342, BTC struck a high of $20,870. BTC broke through the First Major Resistance Level at $20,698 before easing back. Fed Governor Christopher Waller delivered the much-needed support by supporting a 75-basis point rate hike. While tracking the NASDAQ 100, BTC outperformed, with the US equity markets grappling with corporate earnings. On Wednesday, the NASDAQ 100 rose by 0.03%. BTC-NASDAQ 150722 5 Minute Chart At the time of writing, the NASDAQ 100 Mini was up 61.5 points. Bitcoin Fear & Greed Index Slipped ahead of US Retail Sales Data This morning, the Fear & Greed Index slipped from 18/100 to 15/100, reversing the Thursday increase. The downside came despite bitcoin finding support, with uncertainty ahead of the US retail sales figures weighing. Fear & Greed 150722 A likely shift in the regulatory landscape, the threat of a US recession, and uncertainty over Fed monetary policy also continue to test investor sentim Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-07-15 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $392,988,077,050 - Hash Rate: 205785475.4688916 - Transaction Count: 269269.0 - Unique Addresses: 661194.0 Social & AI Sentiment: - Fear & Greed Index: 0.15 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: UFC ’s announcement that it will host its first event in France on Sept. 3 at the Accor Arena in Paris follows a decade-long push to enter France, where MMA was illegal until two years ago. It also underscores the organization’s drive to become a global brand with local ties. The move will allow the approximately 4 million French fans to watch French broadcasts—instead of foreign imports—and celebrate French fighters, such as top heavyweight contender Ciryl Gane. UFC’s entry into France was “complicated,” senior executive vice president and chief operating officer Lawrence Epstein told Sportico in a phone interview, before adding that his league was “determined” to make it happen. More from Sportico.com $3.2 Billion Las Vegas Project Is OVG's Latest Live Entertainment Bet UFC to Pay Fighters Bitcoin Bonuses in Expanded Crypto.com Deal Jake Paul's UFC 'Social-Impact' Campaign Looking Like a Win-Win The complexity reflected the structure of organized sports in France, where there is a cabinet-level minister of sports who has substantial authority over which sports are legal and how they’re managed. That arrangement contrasts with the U.S., where leagues are largely autonomous private ventures and states and municipalities regulate sports on health and safety grounds. A major hurdle for UFC was a 2016 decree by Thierry Braillard, France’s then-minister of sports. The decree prohibited MMA on account of “human dignity” objections, including the use of fenced arenas, which were analogized to cages. For many years, MMA insiders viewed the ministry as closely tied to the Judo Federation, a potential economic rival to an MMA league. France also uses what has been described as a “bottom-up” model to sports. Under it, a sport typically takes on professional features only after substantial development at the amateur level under the watchful eye of an amateur federation. UFC bouts therefore couldn’t be held in France when MMA itself was unstructured. Story continues Epstein, a seasoned attorney who has been UFC’s point person on legal and legislative ventures, and other UFC officials visited France during the 2010s to present on MMA, explain UFC’s strategic goals and, as Epstein says, show French officials they were dealing with “good people.” To that end, UFC officials explained that organizing MMA at the amateur level would lead to sensible safety rules, properly certified instructors and opportunities for athletes of all ages. Epstein also emphasizes that UFC athletes, including those with ties to France, played pivotal roles “in showing that this is a respected sport.” The advocacy worked and the ministry of sports legalized MMA. UFC is now collaborating with the French Boxing Federation and the French Mixed Martial Arts Federation to organically develop MMA. Despite its relatively new status in France, UFC estimates there are about 4 million fans there. That number partly reflects opportunities for French citizens to watch UFC on TV. While French broadcasters were prohibited from showing MMA fights, UFC fights were broadcast into France by stations located outside the country. “There’s a strong affinity,” Epstein says, for single discipline martial arts—a term that includes MMA, judo, boxing and similar sports. French boxing officials, Epstein explained, “didn’t view this as a zero-sum game.” Evidence, he says, shows that when one single discipline in martial arts thrives, other ones gain fan interest. That interest should grow now that the French Broadcast Authority has permitted the broadcasting of MMA events in France. France’s National Gaming Authority, meanwhile, recently greenlighted betting operators in France to offer wagers on UFC bouts. International markets are a major part of UFC’s growth strategy. The fighting series has invested tens of millions in China, for example, where it has a new performance institute and a partnership with the Chinese Olympics team. Brazil is another overseas market where martial arts, and MMA specifically, are extremely popular New markets like France are easiest to crack with a homegrown star, and UFC already has that in France. Gane, 32, made his UFC debut in 2019 and has become one of the heavyweight division’s top stars. He lost a title fight against Francis Ngannou earlier this year but remains the division’s top-ranked challenger. Epstein says UFC hasn’t lost an effort to bring the sport to any market. While it took time in France, just like it took years for New York to become the 50th state to legalize MMA, “ultimately,” he says, “we’ve succeeded.” Epstein is confident UFC will become a truly global brand that values local markets. “Our athletes,” he notes, “are from all over the world.” Epstein also stresses that “we have never allowed others to own our productions.” When UFC broadcasts in Brazil, a fan “sees the UFC” rather than an American TV network, “on mic sleeves and other properties.” The Brazilian fan also hears familiar TV announcers and analysts, rather than U.S. announcers. Rather than attempting to import what might be seen as an American sports league into foreign markets, UFC tries to blend into the country’s sports ecosystem. UFC’s high cash flow has been a financial boon to parent company Endeavor (NYSE: EDR), which went public in April 2021, in the middle of the COVID-19 pandemic, amid canceled sporting events, concerts and film shoots. UFC was one of the first major U.S. sports to resume operations in 2020. Epstein says the league was “thoughtfully aggressive” in resuming play, with strict protocols for athletes, staff and third-party contractors that involved more than 12,000 COVID-19 tests and a positive rate “well below 1%.” Endeavor was originally part of the group that purchased UFC in 2016 for $4 billion dollars; last year it said it was raising $1.75 billion to buy the 49.9% of the UFC that it didn’t already own. Best of Sportico.com Name, Image and Likeness: a Guide on College Athlete Compensation Click here to read the full article.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['• On Friday, the crypto top ten extended the winning streak to three sessions, with Ethereum (ETH) leading the way for a second session.\n• Better than expected US retail sales figures and talk of a 75-basis point rate hike supported riskier assets, with the NASDAQ 100 delivering the broader crypto market direction.\n• The total crypto market cap rose by $11.5 billion.\nIt was a bullish Friday session for thecryptotop ten. Bitcoin (BTC) rose for a third consecutive day, withETHcontinuing its move toward $1,500.\nThe markets moved away from the recent US inflation figures and focused on the US economy on Friday.\nRetail sales figures for June beat expectations but were not hot enough to fuel fear of a 100-basis point hike later this month.\nMonth-on-month, retail sales increased by 1.0% versus a forecasted 0.8%. Core retail sales also increased by 1.0% versus a forecasted 0.6%.\nFOMC member chatter also drew attention, with members Bostic and Bullard easing fears of a 100-basis point move.\nAccording toReuters, James Bullard spoke of indifference on “whether the Fed approves a 0.75 percentage-point rate increase this month, as policymakers have flagged, or boosts that to a full percentage point.”\nAtlanta Fed President Raphael Bostic reportedly delivered a more tempered view, cautioning against any dramatic moves that may impact hiring and other positive trends still evident in the economy.\nThe crypto news wires had a muted impact on the broader market, with the NASDAQ 100 guiding the crypto market. On Friday, the NASDAQ 100 rose by 1.79%.\nA bearish start to the Friday session saw the crypto market cap fall to a day low of $896 billion before finding support. Investor reaction to the US retail sales figures and Fed chatter led to a high of $932 billion before easing back.\nDespite a late pullback, investors poured $11.5 billion back into the market to take the crypto market cap up $47 billion for July.\nETHrallied by 3.22% to lead the way, withBTCrising by 1.21%.\nADA(+0.23%),BNB(+0.04%),DOGE(+0.79%),SOL(+0.65%), andXRP(+0.12%) trailed the front runners.\nFrom theCoinMarketCaptop 100, TerraClassicUSD (USTC) and Lido DAO (LDO) led the way, surging by 37% and 23%, respectively.\nProgress towards the ETH Merge remained the key driver for LDO. According toDune Analytics, staking Ether was on the rise.\nSeveral coins bucked the broader market trend, however. Synthetix (SNX), Nexo (NEXO), and Curve DAO Token (CRV) led the way down. NEXO slid by 6.6%, with SNX and CRV falling by 5.8% and 5.1%, respectively.\nOn Friday, 24-hour liquidations eased further back as the crypto market responded to US economic indicators and Fed chatter.\nThis morning, 24-hour liquidations stood at $144 million, down from $180 million on Friday.\nLiquidated traders over the last 24 hours declined to reflect improving market conditions. At the time of writing, liquidated traders stood at 47,290 versus 51,568 on Friday morning.\nSignificantly, one-hour liquidations fell to sub-$1 million going into the weekend session.\nAccording toCoinglass, one-hour liquidations stood at $0.924 million, down from $2.41 million on Friday and $7.12 million on Thursday.\n• SECmulledwaiving some crypto regulations.\n• Fed Surveyshowedcrypto products and services and blockchain tech low priority for bank growth and development strategies for two-thirds of respondents.\nThisarticlewas originally posted on FX Empire\n• Biden confronts Saudi crown prince over Khashoggi murder, expects action on energy\n• XRP Price Prediction: A Return to $0.3450 to Test Sellers at $0.36\n• Peru Congress votes to host OAS summit after outrage over gender neutral bathrooms\n• Judge nixes arrest warrant for Republican county clerk after bond breach\n• Australia reinstates COVID quarantine pay amid fresh Omicron wave\n• Warning sirens sound in Ukraine’s capital as Russia steps up bombardment', '• On Friday, the crypto top ten extended the winning streak to three sessions, with Ethereum (ETH) leading the way for a second session.\n• Better than expected US retail sales figures and talk of a 75-basis point rate hike supported riskier assets, with the NASDAQ 100 delivering the broader crypto market direction.\n• The total crypto market cap rose by $11.5 billion.\nIt was a bullish Friday session for thecryptotop ten. Bitcoin (BTC) rose for a third consecutive day, withETHcontinuing its move toward $1,500.\nThe markets moved away from the recent US inflation figures and focused on the US economy on Friday.\nRetail sales figures for June beat expectations but were not hot enough to fuel fear of a 100-basis point hike later this month.\nMonth-on-month, retail sales increased by 1.0% versus a forecasted 0.8%. Core retail sales also increased by 1.0% versus a forecasted 0.6%.\nFOMC member chatter also drew attention, with members Bostic and Bullard easing fears of a 100-basis point move.\nAccording toReuters, James Bullard spoke of indifference on “whether the Fed approves a 0.75 percentage-point rate increase this month, as policymakers have flagged, or boosts that to a full percentage point.”\nAtlanta Fed President Raphael Bostic reportedly delivered a more tempered view, cautioning against any dramatic moves that may impact hiring and other positive trends still evident in the economy.\nThe crypto news wires had a muted impact on the broader market, with the NASDAQ 100 guiding the crypto market. On Friday, the NASDAQ 100 rose by 1.79%.\nA bearish start to the Friday session saw the crypto market cap fall to a day low of $896 billion before finding support. Investor reaction to the US retail sales figures and Fed chatter led to a high of $932 billion before easing back.\nDespite a late pullback, investors poured $11.5 billion back into the market to take the crypto market cap up $47 billion for July.\nETHrallied by 3.22% to lead the way, withBTCrising by 1.21%.\nADA(+0.23%),BNB(+0.04%),DOGE(+0.79%),SOL(+0.65%), andXRP(+0.12%) trailed the front runners.\nFrom theCoinMarketCaptop 100, TerraClassicUSD (USTC) and Lido DAO (LDO) led the way, surging by 37% and 23%, respectively.\nProgress towards the ETH Merge remained the key driver for LDO. According toDune Analytics, staking Ether was on the rise.\nSeveral coins bucked the broader market trend, however. Synthetix (SNX), Nexo (NEXO), and Curve DAO Token (CRV) led the way down. NEXO slid by 6.6%, with SNX and CRV falling by 5.8% and 5.1%, respectively.\nOn Friday, 24-hour liquidations eased further back as the crypto market responded to US economic indicators and Fed chatter.\nThis morning, 24-hour liquidations stood at $144 million, down from $180 million on Friday.\nLiquidated traders over the last 24 hours declined to reflect improving market conditions. At the time of writing, liquidated traders stood at 47,290 versus 51,568 on Friday morning.\nSignificantly, one-hour liquidations fell to sub-$1 million going into the weekend session.\nAccording toCoinglass, one-hour liquidations stood at $0.924 million, down from $2.41 million on Friday and $7.12 million on Thursday.\n• SECmulledwaiving some crypto regulations.\n• Fed Surveyshowedcrypto products and services and blockchain tech low priority for bank growth and development strategies for two-thirds of respondents.\nThisarticlewas originally posted on FX Empire\n• Biden confronts Saudi crown prince over Khashoggi murder, expects action on energy\n• XRP Price Prediction: A Return to $0.3450 to Test Sellers at $0.36\n• Peru Congress votes to host OAS summit after outrage over gender neutral bathrooms\n• Judge nixes arrest warrant for Republican county clerk after bond breach\n• Australia reinstates COVID quarantine pay amid fresh Omicron wave\n• Warning sirens sound in Ukraine’s capital as Russia steps up bombardment', 'Key Insights: On Friday, the crypto top ten extended the winning streak to three sessions, with Ethereum (ETH) leading the way for a second session. Better than expected US retail sales figures and talk of a 75-basis point rate hike supported riskier assets, with the NASDAQ 100 delivering the broader crypto market direction. The total crypto market cap rose by $11.5 billion. It was a bullish Friday session for the crypto top ten. Bitcoin ( BTC ) rose for a third consecutive day, with ETH continuing its move toward $1,500. The markets moved away from the recent US inflation figures and focused on the US economy on Friday. Retail sales figures for June beat expectations but were not hot enough to fuel fear of a 100-basis point hike later this month. Month-on-month, retail sales increased by 1.0% versus a forecasted 0.8%. Core retail sales also increased by 1.0% versus a forecasted 0.6%. FOMC member chatter also drew attention, with members Bostic and Bullard easing fears of a 100-basis point move. According to Reuters , James Bullard spoke of indifference on “whether the Fed approves a 0.75 percentage-point rate increase this month, as policymakers have flagged, or boosts that to a full percentage point.” Atlanta Fed President Raphael Bostic reportedly delivered a more tempered view, cautioning against any dramatic moves that may impact hiring and other positive trends still evident in the economy. The crypto news wires had a muted impact on the broader market, with the NASDAQ 100 guiding the crypto market. On Friday, the NASDAQ 100 rose by 1.79%. The Total Crypto Market Cap Rises for a Third Consecutive Session A bearish start to the Friday session saw the crypto market cap fall to a day low of $896 billion before finding support. Investor reaction to the US retail sales figures and Fed chatter led to a high of $932 billion before easing back. Despite a late pullback, investors poured $11.5 billion back into the market to take the crypto market cap up $47 billion for July. Story continues Total Market Cap 160722 Daily Chart The Crypto Market Movers and Shakers from the Top Ten and Beyond ETH rallied by 3.22% to lead the way, with BTC rising by 1.21%. ADA (+0.23%), BNB (+0.04%) Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-07-16 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $397,506,860,100 - Hash Rate: 214480636.4041969 - Transaction Count: 226638.0 - Unique Addresses: 577967.0 Social & AI Sentiment: - Fear & Greed Index: 0.21 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: It’s been more than a week since GameStop (NYSE: GME ) reported its first-quarter 2022 results. Investors seemed to like the report. GME stock gained 10% in June 2 trading, only to give that up in the last two days. However, before you jump on the computer or mobile phone and buy some shares of the Ryan Cohen-backed video game retailer, you might want to consider the good, the bad and the ugly of GameStop’s quarterly results. Despite the top-line growth, it wasn’t all roses. Not even close. Baird analyst Colin Sebastian has dropped his rating and target price for the stock until management better articulates its business strategy. Until then, the analyst believes it’s impossible to value the company’s shares accurately. InvestorPlace - Stock Market News, Stock Advice & Trading Tips 7 of the Hottest ETFs to Buy Right Now Film fans may be wondering if Cohen is Clint Eastwood in this version; Is Sebastian a stand-in for Eli Wallach? Time will tell. But for now, investors can only evaluate GameStop through its latest quarterly report, which had a little of everything in it. I’m with Sebastian. Until investors get a clear picture of GameStop’s business strategy , GME stock is uninvestable. Ticker Company Current Price GME GameStop Corp. $128.98 The Good: GME Stock Jumped on Higher Sales There is no question that investors focused on GameStop’s Q1 2022 revenue of $1.38 billion, $40 million better than analyst expectations, and a 7.9% increase over Q1 2021. The growth in the quarter was led by a 21.6% increase in software sales and a 25.9% jump in collectibles revenue, offset by a 4.2% decline in hardware and accessories sales, its largest chunk of business, accounting for 49% of its overall sales. Also good is the fact that all four regions experienced year-over-year growth in the period: U.S. sales were up 3%, Canada saw a 24% increase, Australia grew 10%, while European sales jumped 34% in the quarter. Story continues The top-line growth was decent, if not spectacular, in Q1 2022. The Bad: Gross Profit Margins Shrinking Cue the Ennio Morricone soundtrack: In the first quarter, GameStop’s gross profit margin was 21.7% , a 420-basis-point decline in profitability on the sale of its products. At the same time, in its efforts to become “a customer-obsessed technology company to delight gamers,” its selling, general, and administrative expenses increased 22.1% YOY to $452.2 million, or 32.8% of sales, 380 basis points higher than Q1 2021. While some of the decrease was due to increased freight costs, which will eventually dissipate, the shift to higher-dollar lower margin categories during the quarter could be something that permanently sticks around. As a result of the lower YOY margins, it has to generate almost $75 in additional revenue to get the same $100 in gross profits. Over the long haul, that will act as a significant headwind. The Ugly: Losses Are Growing By the Day At a time when most tech stocks are getting slaughtered if they don’t make money, GameStop, the wannabe-tech stock, is getting a pass from investors despite the fact it lost $157.9 million in the first quarter on an adjusted basis, more than 5x its loss a year ago. If you annualize this loss, GameStop will lose $632 million in fiscal 2022. However, the fourth quarter is traditionally its strongest, with sales approximately 65% higher than its three other quarters in a given fiscal year. Therefore, it’s possible that GameStop could lose close to $1 billion in 2022. While it finished the first quarter with $1.04 billion in cash, if you include its operating leases, net cash is only $418 million [$1.04 billion cash less $6.5 million for the current portion of long-term debt + $35.7 million long-term debt + $200.3 million for the current portion of operating lease liabilities + $374.5 million for operating lease liabilities]. If these losses persist, it will have to sell more equity or debt to replenish its cash position at a time when doing either is going to be a lot more difficult. Trading at 1.64x sales , more than double its five-year average, GameStop’s lack of a visible business strategy combined with a balance sheet that’s likely to erode over the remaining three quarters of fiscal 2022, the latest 7.9% increase in YOY sales isn’t enough to justify its lofty valuation. Watch the movie. Don’t bother with this investment. GME stock should not be on your buy list. On the date of publication, Will Ashworth did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines . More From InvestorPlace Stock Prodigy Who Found NIO at $2… Says Buy THIS It doesn’t matter if you have $500 in savings or $5 million. Do this now. Get in Now on Tiny $3 ‘Forever Battery’ Stock Early Bitcoin Millionaire Reveals His Next Big Crypto Trade “On Air” The post The Good, the Bad and the Ugly: GameStopâ€™s Q1 2022 Earnings appeared first on InvestorPlace .... - Reddit Posts (Sample): [['u/Lincolns_Revenge', 'Minimum BTC withdrawal is now .001 instead of .0005 ? When did this happen?', 61, '2022-07-16 02:27', 'https://www.reddit.com/r/NiceHash/comments/w03g16/minimum_btc_withdrawal_is_now_001_instead_of_0005/', "Went to withdraw my .0005 BTC to Coinbase today like I've done a hundred times before, but now it's telling me the minimum withdrawal is double that amount at .001 BTC.\n\nAnyone else ever received this message?\n\nI feel like this must be some kind of error because I can find absolutely no one talking about it on this sub.", 'https://www.reddit.com/r/NiceHash/comments/w03g16/minimum_btc_withdrawal_is_now_001_instead_of_0005/', 'w03g16', [['u/Lincolns_Revenge', 13, '2022-07-16 03:20', 'https://www.reddit.com/r/NiceHash/comments/w03g16/minimum_btc_withdrawal_is_now_001_instead_of_0005/igc89dv/', 'Not for me. I did a .0005 withdrawal several days ago.', 'w03g16'], ['u/knowledge1010', 23, '2022-07-16 04:06', 'https://www.reddit.com/r/NiceHash/comments/w03g16/minimum_btc_withdrawal_is_now_001_instead_of_0005/igcduaq/', "It used to be like this last year. 0.0005 was introduced but I guess they're being more conservative again and going with 0.001 now...wish they at least told us...", 'w03g16'], ['u/wrewing73', 13, '2022-07-16 04:11', 'https://www.reddit.com/r/NiceHash/comments/w03g16/minimum_btc_withdrawal_is_now_001_instead_of_0005/igcedkr/', 'Same…just withdrew the other day…now it’s double.', 'w03g16'], ['u/Brennan_Schwartz', 17, '2022-07-16 04:40', 'https://www.reddit.com/r/NiceHash/comments/w03g16/minimum_btc_withdrawal_is_now_001_instead_of_0005/igchu80/', 'Weird, even their website says 0.0005. The 0.001 is supposedly only for the Payeer network.', 'w03g16'], ['u/Lincolns_Revenge', 29, '2022-07-16 04:41', 'https://www.reddit.com/r/NiceHash/comments/w03g16/minimum_btc_withdrawal_is_now_001_instead_of_0005/igchxnx/', "Yeah, I remember them doing .001 last year, but they didn't do it for long, did they?\n\nWith the end of ETH mining coming in a couple of months, I think they're setting it up so as many users as possible leave a greater dead balance that they never end up withdrawing to an outside wallet.\n\nAt least, that's the way I would do it if I was a scumbag corpo type.", 'w03g16'], ['u/ragon2727', 14, '2022-07-16 07:01', 'https://www.reddit.com/r/NiceHash/comments/w03g16/minimum_btc_withdrawal_is_now_001_instead_of_0005/igcxa7g/', "I literally checked the sub a few times today wondering the same thing. I withdrew. 0005 yesterday, but can't today. I mean it's not world ending, but still... A heads up would have been nice.", 'w03g16'], ['u/Jesso2k', 15, '2022-07-16 12:41', 'https://www.reddit.com/r/NiceHash/comments/w03g16/minimum_btc_withdrawal_is_now_001_instead_of_0005/igdoo7x/', "Rug pullish. Worst case scenario is everything goes unprofitable mid-September for a wild period. A lot of people will leave their accounts behind if there's just less than $10 sitting there.", 'w03g16'], ['u/IsaacWatts88', 11, '2022-07-16 15:38', 'https://www.reddit.com/r/NiceHash/comments/w03g16/minimum_btc_withdrawal_is_now_001_instead_of_0005/ige69jr/', "You'd still be able to switch to the regular miner (not quick) and mine a different coin to pass the minimum threshold.", 'w03g16']]], ['u/ItchyRichard', 'ILPT Request: Best way to receive “large” sums of money without the IRS knowing?', 14, '2022-07-16 02:34', 'https://www.reddit.com/r/IllegalLifeProTips/comments/w03l8k/ilpt_request_best_way_to_receive_large_sums_of/', 'Doing a freelance job where my income won’t be reported by payer. \n\nHigh 5 figures over the course of 3 months paid every 2 weeks. \n\nMy only options are electronic, Zelle, PayPal, Venmo, etc. \n\nAnd no, I’m not doing Bitcoin as any wallet that would allow me to use the funds (any wallet I’d feel comfortable using) reports to IRS automatically such as Robinhood and Coinbase.', 'https://www.reddit.com/r/IllegalLifeProTips/comments/w03l8k/ilpt_request_best_way_to_receive_large_sums_of/', 'w03l8k', [['u/Sushi_Roll_Monster', 16, '2022-07-16 03:36', 'https://www.reddit.com/r/IllegalLifeProTips/comments/w03l8k/ilpt_request_best_way_to_receive_large_sums_of/igca5nz/', 'Ask your local lawyer to help you buy a nail salon or car wash to launder money with', 'w03l8k'], ['u/amxorca', 16, '2022-07-16 06:45', 'https://www.reddit.com/r/IllegalLifeProTips/comments/w03l8k/ilpt_request_best_way_to_receive_large_sums_of/igcvmuo/', 'Cash is king', 'w03l8k'], ['u/Forward_Cranberry_82', 14, '2022-07-16 18:37', 'https://www.reddit.com/r/IllegalLifeProTips/comments/w03l8k/ilpt_request_best_way_to_receive_large_sums_of/igeubjv/', "Look at the sub you're commenting in, f off", 'w03l8k'], ['u/Forward_Cranberry_82', 12, '2022-07-16 20:31', 'https://www.reddit.com/r/IllegalLifeProTips/comments/w03l8k/ilpt_request_best_way_to_receive_large_sums_of/igfacr6/', "They aren't saying they are a master at it, in fact that's the point, it's a request for TIPS. Tf is wrong with you?", 'w03l8k']]], ['u/sinderings', 'Buying Bitcoin', 40, '2022-07-16 02:45', 'https://www.reddit.com/r/BitcoinBeginners/comments/w03szj/buying_bitcoin/', 'Okay so, I am 16 and having a hard time trying to purchase bitcoin. It’s very frustrating because I’ve literally went to like 12 different websites and they all ask for an ID. As expected, I’m not qualified to buy bitcoin. Even PayPal wouldn’t let me purchase anything. I guess I have to be at least 18 to purchase bitcoin. This is getting so annoying. Does anybody know any website that doesn’t have a verification part?', 'https://www.reddit.com/r/BitcoinBeginners/comments/w03szj/buying_bitcoin/', 'w03szj', [['u/bitusher', 24, '2022-07-16 02:58', 'https://www.reddit.com/r/BitcoinBeginners/comments/w03szj/buying_bitcoin/igc5lbt/', "Best option is to speak with a parent and let them help you. Its wise to tell them that you want to start saving for college or a future business and want to invest in stocks(index fund), Bitcoin , and a fiat savings in preparation. Most parents will have no problem helping you and even be proud when you invest this way.\n\nmany ATMs don't require ID and just sms verification - coinatmradar.com\nYou can easily use a free online sms service\n\nOther options are any way that doesn't require verification like this list -\n\nhttps://github.com/cointastical/P2P-Trading-Exchanges\n\nBe prepared to pay at least a 5% premium buying this way", 'w03szj']]], ['u/GSPandas', 'Unpopular Opinion: Chapter 7 might be better than Chapter 11.', 28, '2022-07-16 04:43', 'https://www.reddit.com/r/CelsiusNetwork/comments/w062z3/unpopular_opinion_chapter_7_might_be_better_than/', 'Currently, there seems to be several issues with Chapter 11, most notably:\n\n1. Time value of money (Opportunity Costs).\n\nA: As most of you are aware, I’ve always mentioned the importance of opportunity costs and how you might be losing more in the long run. An example of this is if you were to be paid in USD at today’s BTC price at a haircut of 50%, timing of when you’ll be able to access the USD matters.\n\nWorst case scenario it takes 5 or more years to finish Chapter 11, if your portfolio has 2 BTC, you are to be paid 1 BTC at today’s price in USD ($20k). 5 years from now, 1 BTC would be worth $150k but you’ll only be getting $20k USD. $20k USD today could also be used to invest in index funds, snp500, btc, etc and in 5 years time, it’ll be worth a lot more vs just getting a flat $20k in 5 years. This is Opportunity Cost.\n\n2. There’s still a haircut.\n\nA: The whole push for Chapter 11 was to make Depositor whole or close to whole as proposed by Simon Dixon #DepositorsFirst. After seeing the balance sheet, he and the community stated haircuts are to be expected at this point as we’re looking close to a $2B hole excluding CEL Token.\n\n3. Operational costs and Litigation costs at the expense of our deposit with no revenue stream aside from mining.\n\nA: What makes chapter 11 more lengthy than chapter 7 is the constant back and forth between proposals, the courts and the creditors (us). The longer this takes (years), the less we get back as Celsius does not have anymore revenue steams aside from mining. \n\n\nPros of Chapter 7:\n\n1. Instant liquidation, might even crash the market.\n\nA: The title does have a negative connotation, but if instant liquidation does crash the market, your current portfolio in Celsius will be worth alot less hence making it easier for you to buy back your position assuming they’re not stablecoins.\n\nInstant liquidation also speeds up the bankruptcy process. No proposals, no back and forth, just liquidate and we get a % of our portfolio back. Could take just a few months as compared to years with Chapter 11. \n\n2. Faster return but with a bit more haircut.\n\nA: Opportunity costs. Even if the haircut is less in Chapter 11, but because it took so long for you to get paid, you’re actually losing out more.', 'https://www.reddit.com/r/CelsiusNetwork/comments/w062z3/unpopular_opinion_chapter_7_might_be_better_than/', 'w062z3', [['u/aceofangel', 20, '2022-07-16 04:49', 'https://www.reddit.com/r/CelsiusNetwork/comments/w062z3/unpopular_opinion_chapter_7_might_be_better_than/igciy1x/', "Chapter 7 isn't going to be quick, look at Cred bankruptcy. \n\nChapter 11 reorganization is nearly always going to be the fastest. Whether a reorganization will result in a viable company is a different question.", 'w062z3'], ['u/Expensive-Web-5107', 21, '2022-07-16 05:04', 'https://www.reddit.com/r/CelsiusNetwork/comments/w062z3/unpopular_opinion_chapter_7_might_be_better_than/igckp2s/', 'This is incorrect. Cred filed chapter 11. The docket is available here: https://www.donlinrecano.com/Clients/cred/Dockets\n\nThe order confirming its chapter 11 plan is docket entry 629.\n\nChapter 7 is much faster and simpler. A chapter 7 trustee is automatically appointed shortly after the case is filed. The trustee liquidates the debtor\'s assets and disburses the proceeds. There is no need to negot... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['• On Saturday, the crypto top ten extended the winning streak to four sessions, with Ethereum (ETH) leading the way for a third session.\n• News updates on the Merge delivered ETH with a breakout session, while market hopes of a 75 basis point Fed rate hike continued to drive investor appetite.\n• The total crypto market cap rose by $31.5 billion.\nIt was a bullish Saturday session for thecryptotop ten. Bitcoin (BTC) rose for a fourth consecutive day, withETHtouching $1,400 for the first time since June 13.\nThere were no speeches from FOMC members to provide direction, with members entering the blackout period, which extends from July 16 to July 28.\nFrom Friday, the talk of a 75-basis point continued to resonate, delivering the upside on the day. FOMC members Bostic and Bullard spoke of a 75-basis point hike this month, easing fears of a 100-basis point hike.\nWith the US equity markets entering the earnings season, the crypto market will be looking to decouple from the NASDAQ 100. However, sentiment toward Fed monetary policy and the economic outlook will likely leave the two interlinked.\nA bearish start to the Saturday session saw the crypto market cap fall to a day low of $897 billion before finding support. A breakout session, supported by further investor reaction to the US retail sales figures and Fed chatter led to a high of $965 billion before easing back.\nDespite a late pullback, investors poured $31.5 billion back into the market to take the crypto market cap up $80 billion for July.\nETHrallied by 10.12% to lead the way, withBNB(+4.70%),SOL(+5.95%), andXRP(+5.01%) also making solid gains.\nADA(+3.62%),BTC(+ 1.79%), andDOGE(+2.34%) trailed the front runners.\nFrom theCoinMarketCaptop 100, Lido DAO (LDO) led the way, surging by 22%, supported by the ETH breakout.\nProgress towards the ETH Merge remained the key driver for LDO, with Ether staking on the rise.\nSeveral coins bucked the broader market trend, however. Convex Finance (CVX) and TerraClassicUSD (USTC) fell by 3.90% and by 3.60%, respectively, with Quant (QNT) seeing a 1.55% loss.\nOn Sunday, 24-hour liquidations jumped at the turn of the day, despite a bullish start to the Sunday session.\nThis morning, 24-hour liquidations stood at $372.31 million, up from $144 million on Saturday.\nLiquidated traders surged over the last 24 hours, suggesting a possible deterioration in market conditions. At the time of writing, liquidated traders stood at 63,031 versus 47,290 on Saturday morning.\nSignificantly, 12-hour liquidations surged to $344 million, driving four-hour and one-hour liquidations northwards.\nAccording toCoinglass, one-hour liquidations stood at $31.6 million, up from $0.924 million on Saturday.\n• Rumorsof Coinbase having liquidity issues hit the news wires, withCoinbasereportedly ceasing its affiliate program.\n• Ethereum continued its breakout session, supported by the talk of a September Merge date.\nThisarticlewas originally posted on FX Empire\n• Boeing cuts 20-year industrywide outlook for planes\n• Judge blocks Biden admin directives on transgender athletes, bathrooms\n• Privately issued digital currencies likely better – Australia central bank chief\n• British prime minister contenders set to clash in second TV debate\n• Analysis-Pacific bloc, united, demands climate action as China, U.S. woo\n• Bitcoin (BTC) Fear & Greed Index on the Border of the “Fear” Zone', 'Key Insights: On Saturday, the crypto top ten extended the winning streak to four sessions, with Ethereum (ETH) leading the way for a third session. News updates on the Merge delivered ETH with a breakout session, while market hopes of a 75 basis point Fed rate hike continued to drive investor appetite. The total crypto market cap rose by $31.5 billion. It was a bullish Saturday session for the crypto top ten. Bitcoin ( BTC ) rose for a fourth consecutive day, with ETH touching $1,400 for the first time since June 13. There were no speeches from FOMC members to provide direction, with members entering the blackout period, which extends from July 16 to July 28. From Friday, the talk of a 75-basis point continued to resonate, delivering the upside on the day. FOMC members Bostic and Bullard spoke of a 75-basis point hike this month, easing fears of a 100-basis point hike. With the US equity markets entering the earnings season, the crypto market will be looking to decouple from the NASDAQ 100. However, sentiment toward Fed monetary policy and the economic outlook will likely leave the two interlinked. Crypto – NASDAQ – 170722 Daily Chart The Total Crypto Market Cap Rises for a Fourth Consecutive Session A bearish start to the Saturday session saw the crypto market cap fall to a day low of $897 billion before finding support. A breakout session, supported by further investor reaction to the US retail sales figures and Fed chatter led to a high of $965 billion before easing back. Despite a late pullback, investors poured $31.5 billion back into the market to take the crypto market cap up $80 billion for July. Total Market Cap 170722 Daily Chart The Crypto Market Movers and Shakers from the Top Ten and Beyond ETH rallied by 10.12% to lead the way, with BNB (+4.70%), SOL (+5.95%), and XRP (+5.01%) also making solid gains. ADA (+3.62%), BTC (+ 1.79%), and DOGE (+2.34%) trailed the front runners. From the CoinMarketCap top 100, Lido DAO ( LDO ) led the way, surging by 22%, supported by the ETH breakout. Progress towards the ETH Merge remained the key driver for LDO, with Ether staking on the rise. Story continues Several coins bucked the broader market trend, however. Convex Finance ( CVX ) and TerraClassicUSD ( USTC ) fell by 3.90% and by 3.60%, respectively, with Quant ( QNT ) seeing a 1.55% loss. Total Crypto Liquidations Spike Despite Bullish Sentiment On Sunday, 24-hour liquidations jumped at the turn of the day, despite a bullish start to the Sunday session. This morning, 24-hour liquidations stood at $372.31 million, up from $144 million on Saturday. Liquidated traders surged over the last 24 hours, suggesting a possible deterioration in market conditions. At the time of writing, liquidated traders stood at 63,031 versus 47,290 on Saturday morning. Significantly, 12-hour liquidations surged to $344 million, driving four-hour and one-hour liquidations northwards. According to Coinglass , one-hour liquidations stood at $31.6 million, up from $0.924 million on Saturday. Total Crypto Liquidations 170722 Daily News Highlights Rumors of Coinbase having liquidity issues hit the news wires, with Coinbase reportedly ceasing its affiliate program. Ethereum continued its breakout session, supported by the talk of a September Merge date. This article was originally posted on FX Empire More From FXEMPIRE: Boeing cuts 20-year industrywide outlook for planes Judge blocks Biden admin directives on transgender athletes, bathrooms Privately issued digital currencies likely better – Australia central bank chief British prime minister contenders set to clash in second TV debate Analysis-Pacific bloc, united, demands climate action as China, U.S. woo Bitcoin (BTC) Fear & Greed Index on the Border of the “Fear” Zone', '• Bitcoin (BTC) rose by 1.79% on Saturday to extend its winning streak to four sessions.\n• Market sentiment towards US retail sales figures and further reaction to FOMC member chatter delivered support.\n• The Bitcoin Fear & Greed Index increased from 21/100 to 24/100, reflecting improving investor sentiment.\nOn Saturday, bitcoin (BTC) rose by 1.79%. Following a 1.21% gain on Friday, BTC ended the day at $21,199. It was a fourth consecutive day in the green, with market sentiment towards Fed monetary policy delivering support.\nA bearish start to the day saw BTC fall to a low of $20,481 before making a move.\nComing within range of the First Major Support Level at $20,405, BTC rallied to a high of $21,575.\nBTC broke through the First Major Resistance Level at $21,215 before falling back to sub-$21,200. Despite the late pullback, BTC held onto the $21,000 handle for the first time since July 9.\nWith the US markets closed, FOMC member chatter from Friday and the upbeat US retail sales figurescontinuedto deliver support.\nToday, the Fear & Greed Index increased from 21/100 to 24/100. Matching the Index level from July 9 and 10, the Index stood at the highest level since May 5 (27/100).\nThe latest move back towards the “Fear” zone, which begins at 25/100, came off the back of a BTC return to $21,000.\nThe bulls will now look for a return to the “Fear” zone to support a BTC run at $25,000.\nAt the time of writing, BTC was up 0.41% to $21,285.\nA choppy start to the day saw BTC fall to an early low of $21,188 before rising to a high of $21,338.\nBTC needs to avoid the $21,086pivotto target the First Major Resistance Level (R1) at $21,689.\nBTC would need a bullish session to support a breakout from the Saturday high of $21,575.\nAn extended rally would test the Second Major Resistance Level (R2) at $22,180 and resistance at $25,000. The Third Major Resistance Level (R3) sits at $23,273.\nA fall through the pivot would bring the First Major Support Level (S1) at $20,595 into play.\nBarring an extended sell-off, the Second Major Support Level (S2) at $19,992 should keep BTC from a fall to sub-$19,500.\nThe Third Major Support Level (S3) sits at $18,897.\nLooking at theEMAsand the 4-hourly candlestick chart (below), it was a bullish signal. This morning, bitcoin sat above the 100-day EMA, currently at $20,644.\nThe 50-day EMA closed in on the 100-day EMA, with the 100-day EMA narrowed to the 200-day EMA; positive BTC indicators.\nA bullish cross of the 50-day EMA through the 100-day EMA would bring $22,000 into play.\nA hold above the 100-day EMA and a breakout from R1 and the 200-day EMA, currently at $21,875, would target R2.\nOn a trend analysis basis, bitcoin would need a move through a May 30 high of $32,503 to target the March 28 high of $48,192. Near-term, resistance Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-07-17 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $404,684,021,400 - Hash Rate: 179699992.6629758 - Transaction Count: 202157.0 - Unique Addresses: 519659.0 Social & AI Sentiment: - Fear & Greed Index: 0.24 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: KB Capital is a unique AI-driven trading pool for Canadians that shares ROI with every investor every single month, based on a one-time investment. EDMONTON, AB / ACCESSWIRE / June 14, 2022 / KB Crypto is pleased to announce its Canadian wing that is exclusively designed for Canadian investors and traders. Titled " KB Capital ", the Canadian unit will be regulated through ASC (Alberta Securities and Commissions) and IIROC (Investment Industry Regulatory Organization of Canada) in the coming months. As of June 2022, the trading pool is bustling with over hundreds of investors onboard and has generated over 61% ROI. KB Capital, Tuesday, June 14, 2022, Press release picture The company holds a $1Million worth insurance policy. KB Capital trades on a wide range of leading trading markets, such as stock, forex, metal, and crypto futures. KB Capital represents a state-of-the-trading pool, powered by the breakthrough AI technology. The platform believes in sharing wealth with investors and aims to offer them minimum 5% ROI every month. The monthly ROI is paid through automated weekly payments every Saturday. As of now, KB Capital boasts over $700k of investments and 2% Churn. KB Capital allows investors to choose from 12 tiers of investments, starting from as low as $200. To invest, Canadian investors and traders will have to make a deposit in Bitcoin. It will be a one-time investment upon which KB Capital will keep on making weekly payouts every week. Per the statements of Devon Edwards, the founder of KB Capital , they have already reached "Broker Level Execution". The company is now able to feature Tier 1 liquidity from prime banks including JP Morgan, Citibank, UBS, Deutsche Bank, XTX, Citadel and Goldman Sachs. All the funds are regulated with regulated brokers strictly. Devon also said that their trading pool offers as many as 12 investment tiers to make investment in hedge funds a reality for aspiring investors from all walks of life- including low and middle income groups. "KB Capital extends a warm welcome to all the investors and traders based in Canada. Our cutting-edge AI-powered trading pool is equipped with our unique proprietary software and proven strategies that allow us to share our wealth with all our investors. We deploy unique trading technologies that cover a bunch of exclusive strategies that are not available with other regular hedge funds", stated Devon adding that their Hedge Fund is uniquely designed to accept deposits and offer payout in crypto every week. Story continues KB Capital stands out with a customized proprietary hook in the blockchain that enables the trading pool to make most accurate payouts to investors and that too with utmost convenience. Speaking on, Devon shared that KB Capital follows HFT aka High Frequency Trading. HFT allows the company to trade the market as many as thousands of times every single day, based on the pool's current strategies. The cutting-edge trading approach enables KB Capital to run trade on the millisecond level that rewards the pool with handy profits even from small micro transactions. These profits bundle up into thousands of dollars in sizable profit every single day. "There are several reasons why we are able to share good profits with our investors every month. One is, we practice HFT that enables us to trade the market around a thousand times one single day. Frequency in trading inevitably pumps up chances of profit. The other chief reason is our state-of-the-art AI technology that allows us to reduce the trading risk." "We also assure complete transparency to guarantee an ethical and safe investment ambience for our traders - all our traders will have easy access to KB Capital's financial records." KB Capital is also providing a referral bonus to every user who refers to the platform to other aspiring investors or traders. For further information, please visit https://kbcapital.ai MEDIA CONTACT Contact Person: Devon Edwards Email: [email protected] SOURCE : KB Capital View source version on accesswire.com: https://www.accesswire.com/705068/KB-Capital-Receives-100-Investors-on-Boards-in-a-Just-a-Year-of-Launch... - Reddit Posts (Sample): [['u/Itchy_Distribution73', 'Fasting. Precious Metals. Guns.', 41, '2022-07-17 00:19', 'https://www.reddit.com/r/preppers/comments/w0rz07/fasting_precious_metals_guns/', "Just my 2 cents. Take it or leave it. \n\nI'm not the best prepper but understand that you can fast for a very, very long time as long as you have electrolytes and water. \n\nStock ELECTROLYTES: potassium, sodium, magnesium...etc. I don't often see this touted in the pepper communities online. They often talk about vitamins but not electrolytes. Electrolyte powder, electrolyte liquid or gels and water should be enough while your body will eat its stores of fat and from what I've read online of American obesity rates, the majority of you have enough stores of fat to last you a season or two.\n\nSilver and gold is definitely needed for the incoming hyperinflation. BTC and USD are going to fail and be worthless.\n\nGuns for self protection. In a lot of poor countries, cops often become gang leaders or criminal warlords. Don't trust cops or military when SHTF unless you're related to them. They will kill you and take your stuff. This is proven throughout history.\n\nThe US is headed for a hyperinflation scenario. Watch https://youtu.be/iFDe5kUUyT0 if you want to learn more Money and why the Federal Reserve is shit.\n\nEvery problem in your life can be partially attributed to the Federal Reserve. Money is so important to every day life. It makes and breaks families, it affects teachers and childcare and road construction, literally everything runs on money and the assholes at the FED make life miserable for the US by stealing from all of us. \n\nNot sure about the rest of the world but it's interesting watching Sri Lanka.", 'https://www.reddit.com/r/preppers/comments/w0rz07/fasting_precious_metals_guns/', 'w0rz07', [['u/TinyDogsRule', 36, '2022-07-17 00:29', 'https://www.reddit.com/r/preppers/comments/w0rz07/fasting_precious_metals_guns/igg6rbk/', "I've recently started fasting and it's pretty eye opening. Initially, I started because I wanted to keep adding muscle but not weight. Seemed like a good idea and it has been successful. I'm bulking up and losing weight.\n\nThe part I did not foresee was the mental part. I am an early riser. I like to be outside working in the morning. I like to do some cardio in the morning. But, my food window does not open until later. It was a challenge to be mentally sharp and ready to tackle my day. It gets easier, but it is still tough some days.\n\nI would recommend every serious prepper gives fasting a shot, even if it's short term. It is great practice if you should have to ration at some point, or worse. Fasting helps build disapline in addition to the other benefits. It makes you enjoy your food more, allows you to eat healthier, and stretches your supplies. My only regret is not doing it sooner.", 'w0rz07'], ['u/Itchy_Distribution73', 10, '2022-07-17 00:57', 'https://www.reddit.com/r/preppers/comments/w0rz07/fasting_precious_metals_guns/iggaa0q/', "Ahh yes, quoting your own words to you and asking you to explain. I'm being legitimate and trying to have a good faith conversation but it seems you are very closed minded. \n\nI feel sorry for your family. You can definitely not be depended on in a bad situation to think clearly.", 'w0rz07'], ['u/darth_faader', 45, '2022-07-17 01:44', 'https://www.reddit.com/r/preppers/comments/w0rz07/fasting_precious_metals_guns/iggg9wg/', "If you're speaking to world wide collapse, those shiny bits of metal won't have any value in a mad max scenario. Can't eat it, drink it, fuck it. So even though it's been in play for the last 5k years, there's been a civilization that placed value on it for currency purposes. Global collapse, that all goes away. \n\nRather than stock pile precious metals, I think putting money into a self sustaining farm is a much wiser investment. Done properly, a farm will produce goods that will definitely have value. Precious metals, who knows. Not everyone is in that position, I get it. But I'd still put it towards self sustaining anything before buying up shiny hunks of tin. Que sera sera.", 'w0rz07'], ['u/Itchy_Distribution73', 12, '2022-07-17 02:01', 'https://www.reddit.com/r/preppers/comments/w0rz07/fasting_precious_metals_guns/iggi9jr/', "I don't think it will reach mad max. I think of the USD collapse like it happened in Korea, Weimar Germany, China, Britain, France...etc. when the reserve currency fails and shtf, life still goes on. Silver and gold are traded in Venezuela often from what I hear. \n\nA Mad Max scenario is unlikely compared to a USD collapse/Depression. \n\nMy family fled from a communist country. Guns, family and silver coins was how we survived. Our farm was useless, we could only survive with what we could carry on a cart. \n\nI unfortunately cannot afford a farm. Silver and gold are much easier for most people and much easier to conceal and another thing to trade besides the usual alcohol and cigs.", 'w0rz07'], ['u/darth_faader', 13, '2022-07-17 03:29', 'https://www.reddit.com/r/preppers/comments/w0rz07/fasting_precious_metals_guns/iggsp05/', ">I also don't know about US dependency. The only thing we have is nukes\n\nLook, if you can't acknowledge how the entire world economy turns because ours does, then you undermine your own credibility. Hence the dependency. And I know how bartering works. The only reason there was a medium for exchange in the past 5k years that supported silver and gold is because there was ALWAYS a stable market where those currencies were honored. Even if your country collapsed, there was another one you could take your shiny trinkets to that would honor them. A global collapse renders that rationale moot.\n\nThe Native Americans didn't give up their gold and silver because of guns in their faces, they gave it up because they place so little value on it, because it has so little value (it is shiny though!). And that's established fact.\n\nYou can triple down if you want, but between those two points, the credibility of any argument you make is questionable at best. I'm open to all scenarios, I'm just not concerned about metals that only have application in an industrialized society. I chimed in because you're speaking on these points with such authority, while your arguments are fundamentally flawed. Finally, 'New Reserve Currency' is awfully optimistic of you, FYI. Given global collapse, your great grandchildren might have use for those metals, and live to see a reserve currency.", 'w0rz07'], ['u/RandomizerAnonName', 13, '2022-07-17 04:36', 'https://www.reddit.com/r/preppers/comments/w0rz07/fasting_precious_metals_guns/igh0k1o/', 'They also ate when they gathered something. Which was more frequently than successful hunts.', 'w0rz07'], ['u/Anguish_Sandwich', 12, '2022-07-17 06:30', 'https://www.reddit.com/r/preppers/comments/w0rz07/fasting_precious_metals_guns/ighctoh/', "It's got what plants CRAVE!", 'w0rz07']]], ['u/rcnet96', "HERE'S MY PLAN: FIRE 90% OF CELSIUS EMPLOYEES...", 89, '2022-07-17 01:54', 'https://www.reddit.com/r/CelsiusNetwork/comments/w0tvl0/heres_my_plan_fire_90_of_celsius_employees/', '- keep a core skeleton 10% to do 2 things, and 2 things ONLY\n\n- wait for the staked ETH to become available to redistribute ( could be later this year...not too long)\n- Bet on Bitcoin mining making up the remaining hole.\n\nThat\'s it. This company should stop having dreams of bouncing back. Celsius has shown they can\'t even make a measly 5% on USDC consistently without blowing up.\n\nSo in summary...\n- low burn rate keeps costs low\n- ETH will be available sooner rather than later\n- Bitcoin mining makes up the rest.\n\nEventually, we get out of this hole. \nONLY AFTER they have proven that they can handle these 2 things should they be allowed to expand into more "products".', 'https://www.reddit.com/r/CelsiusNetwork/comments/w0tvl0/heres_my_plan_fire_90_of_celsius_employees/', 'w0tvl0', [['u/C01n_sh1LL', 12, '2022-07-17 02:43', 'https://www.reddit.com/r/CelsiusNetwork/comments/w0tvl0/heres_my_plan_fire_90_of_celsius_employees/iggn9we/', 'The coins were already stolen, lol.', 'w0tvl0'], ['u/datawarrior123', 85, '2022-07-17 03:13', 'https://www.reddit.com/r/CelsiusNetwork/comments/w0tvl0/heres_my_plan_fire_90_of_celsius_employees/iggqt9p/', 'There is one more thing that needs to happen, liquidate all assets of Alex and distribute that among customers.', 'w0tvl0'], ['u/pwinne', 14, '2022-07-17 03:30', 'https://www.reddit.com/r/CelsiusNetwork/comments/w0tvl0/heres_my_plan_fire_90_of_celsius_employees/iggsw83/', 'This', 'w0tvl0'], ['u/TheBeatingDevice', 19, '2022-07-17 03:37', 'https://www.reddit.com/r/CelsiusNetwork/comments/w0tvl0/heres_my_plan_fire_90_of_celsius_employees/iggtnvh/', 'Agree. Dude should sell that yacht, mega mansion, and Ferrari', 'w0tvl0']]], ['u/AnxiousQuestioner', 'Crypto-spiracy', 18, '2022-07-17 02:07', 'https://www.reddit.com/r/conspiracytheories/comments/w0u4za/cryptospiracy/', 'What are your favorite conspiracy theories about crypto(maybe specifically Bitcoin) that are backed by evidence? \n\nI love the capabilities, ecosystem and communities(not all), but I’m a probability type person. \n\nI see the possibility that deep in the mechanisms of the world, BTC and other cryptos may be a “Test” orchestrated by the big boys. (Like the Bagdanoff Twins jokes) or Illuminati, Freemason etc. \n\nAll conspiracies welcome<3', 'https://www.reddit.com/r/conspiracytheories/comments/w0u4za/cryptospiracy/', 'w0u4za', [['u/twalk1975', 14, '2022-07-17 02:54', 'https://www.reddit.com/r/conspiracytheories/comments/w0u4za/cryptospiracy/iggoluu/', "Any medium of exchange ultimately functions to transfer wealth to those in a position of privilege. I know it's pretty much impossible to exist in a society on an equitable barter system, but all forms of money ultimately serve to make the rich richer...", 'w0u4za']]], ['u/nybhh', 'How are ETH staking rewards taxed in the US?', 12... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Japan holiday today will sap some liquidity from Asian trade today, and US cash treasuries will be closed in the region.\nUS equities were stronger Friday,S&P up 1.9% on better US data, closing the week 0.9% lower. US 10yr yields finished down 4bps to 2.92% and 17bps for the week. Oil closed up 2.1% and back above USD100/bbl for now.\nOverall the robust US data on Friday eased concerns about an imminent recession but is also unlikely to mount an additional case for a 100 bp Fed hike. And it was about as goldilocks of a mix of headline data risk as one could have expected given the FED’s dilemma of balancing Inflation vs Growth. Especially as stubbornly high inflation could lead to the FED overshooting and market pricing in a much higher risk of recession. But the\xa0decline in US long-term inflation expectations and less hawkish Fed speak on Friday helped temper the pricing of aggressive hikes and helped US equities close higher.\nOIl is opening the week softer as the market digests the demand impact of the rise in new Covid cases in China and as the market cautiously awaits the monumental event risk if Nordstream 1 gas flow from Russia to Europe will resume later this week.\nThe OPEC+ quota system ends in September, and attention is turning to what will happen next.\nAs long as the agreement is in effect, Saudi Arabia has made it transparent that individual producers with spare capacity should not exceed their quota to offset underproduction elsewhere within the group.\nFrom October, however, this changes. Nigeria, Libya, Venezuela, Iran, and Ecuador are all struggling to meet their quotas, while Saudi, Iraq, Kuwait and the UAE have 2mb/d of spare capacity.\nIn addition, Venezuela could add 1.25mb within a year if US sanctions ease, according to our recent expert call, and Iran is ~700kb/d below pre-agreement production and ~1.3mb/d below stated capacity.\nAs the market reprices a delayed reopening\xa0in China and potentially more barrels coming back to the market in October, oil could struggle to make new highs. And It could crash later this week if the gas flow from Nordstream1 doesn’t return, which would undoubtedly tip Europe into a deep recession.\nAfter hitting parity for the first time since 2002, the Euro faces several critical tests in the week ahead—the first ECB hike in over a decade along with an anti-fragmentation backstop tool, a potential further interruption to Russian gas flows, and now the risk of an early election in Italy.\nAnd while an ECB rate hike and rolling out an anti-fragmentation too could temporarily stabilize the EURO near the recent low end of the trading range, the prospect of a prolonged gas flow disruption is likely to hang over the Euro-like a storm could throughout the week. But, even in the markets baseline scenario that gas flows will partially return (to about 40% of normal), it is crucial to keep in mind that anything less than 100% will almost certainly require either higher prices pushed on to the consumer or government rationing—in parts of Europe, likely leading to a recession in Germany and Italy.\nThe Reserve Bank of New Zealand announced a standing repo facility Monday morning after funding via FX forwards crashed in April and May as the domestics chased USD. The repo facility will help to prevent this by allowing eligible counterparties to lend NZ overnight and TN at 15bp below the official cash rate (OCR).\nOffshore banks will then have a mechanism for lending NZD surplus, given these banks generally run USD surplus. This should help anchor the front-end FX forwards as it provides more liquidity when the system balance remains above 50 bn and should be more beneficial to offshore banks looking to lend out surplus NZD better than the FX forward implied.\nThisarticlewas originally posted on FX Empire\n• Sri Lanka puts emergency in place ahead of parliament’s vote for new president\n• New Zealand’s inflation hits 3-decade high, raising bets on sharper rate hikes\n• Scorching heat expected to resume baking China this week\n• Top 5 Crypto Pairs to Watch this Week BTC, ETH, LDO, MATIC, and SOL\n• Oil prices extend gains as weaker dollar, tight supplies support\n• Dollar prowls just below highs as euro gasps for gas', 'MARKETS Japan holiday today will sap some liquidity from Asian trade today, and US cash treasuries will be closed in the region. US equities were stronger Friday , S&P up 1.9% on better US data, closing the week 0.9% lower. US 10yr yields finished down 4bps to 2.92% and 17bps for the week. Oil closed up 2.1% and back above USD100/bbl for now. Overall the robust US data on Friday eased concerns about an imminent recession but is also unlikely to mount an additional case for a 100 bp Fed hike. And it was about as goldilocks of a mix of headline data risk as one could have expected given the FED\x92s dilemma of balancing Inflation vs Growth. Especially as stubbornly high inflation could lead to the FED overshooting and market pricing in a much higher risk of recession. But the\xa0decline in US long-term inflation expectations and less hawkish Fed speak on Friday helped temper the pricing of aggressive hikes and helped US equities close higher. OIL OIl is opening the week softer as the market digests the demand impact of the rise in new Covid cases in China and as the market cautiously awaits the monumental event risk if Nordstream 1 gas flow from Russia to Europe will resume later this week. The OPEC+ quota system ends in September, and attention is turning to what will happen next. As long as the agreement is in effect, Saudi Arabia has made it transparent that individual producers with spare capacity should not exceed their quota to offset underproduction elsewhere within the group. From October, however, this changes. Nigeria, Libya, Venezuela, Iran, and Ecuador are all struggling to meet their quotas, while Saudi, Iraq, Kuwait and the UAE have 2mb/d of spare capacity. In addition, Venezuela could add 1.25mb within a year if US sanctions ease, according to our recent expert call, and Iran is ~700kb/d below pre-agreement production and ~1.3mb/d below stated capacity. As the market reprices a delayed reopening\xa0in China and potentially more barrels coming back to the market in October, oil could struggle to make new highs. And It could crash later this week if the gas flow from Nordstream1 doesn\x92t return, which would undoubtedly tip Europe into a deep recession. Story continues FOREX After hitting parity for the first time since 2002, the Euro faces several critical tests in the week ahead\x97the first ECB hike in over a decade along with an anti-fragmentation backstop tool, a potential further interruption to Russian gas flows, and now the risk of an early election in Italy. And while an ECB rate hike and rolling out an anti-fragmentation too could temporarily stabilize the EURO near the recent low end of the trading range, the prospect of a prolonged gas flow disruption is likely to hang over the Euro-like a storm could throughout the week. But, even in the markets baseline scenario that gas flows will partially return (to about 40% of normal), it is crucial to keep in mind that anything less than 100% will almost certainly require either higher prices pushed on to the consumer or government rationing\x97in parts of Europe, likely leading to a recession in Germany and Italy. New Standing Repo Facility From RBNZ The Reserve Bank of New Zealand announced a standing repo facility Monday morning after funding via FX forwards crashed in April and May as the domestics chased USD. The repo facility will help to prevent this by allowing eligible counterparties to lend NZ overnight and TN at 15bp below the official cash rate (OCR). Offshore banks will then have a mechanism for lending NZD surplus, given these banks generally run USD surplus. This should help anchor the front-end FX forwards as it provides more liquidity when the system balance remains above 50 bn and should be more beneficial to offshore banks looking to lend out surplus NZD better than the FX forward implied. This article was originally posted on FX Empire More From FXEMPIRE: Sri Lanka puts emergency in place ahead of parliament\x92s vote for new president New Zealand\x92s inflation hits 3-decade high, raising bets on sharper rate hikes Scorching heat expected to resume baking China this week Top 5 Crypto Pairs to Watch this Week BTC, ETH, LDO, MATIC, and SOL Oil prices extend gains as weaker dollar, tight supplies support Dollar prowls just below highs as euro gasps for gas', 'Key Insights: On Sunday, the crypto top ten saw a four-day winning streak end, with Solana (SOL) falling by 2.44% to lead the way down. Uncertainty over Fed monetary policy and a lack of direction from the crypto news wires left investors on a more cautious footing ahead of the Monday open. The total crypto market cap ended the week up by $26 billion. It was a bearish Sunday session for the crypto top ten. Bitcoin ( BTC ) saw a four-day winning streak end, with ETH failing to revisit $1,400 in a range-bound session. There were no external forces to shift investor sentiment on Sunday, with no crypto news stories to provide the markets with direction. A bullish four sessions continued into Sunday before profit-taking hit the market ahead of the Monday open. The pullback reflected investor uncertainty over Fed monetary policy, with investors likely to eye the NASDAQ 100 for direction. Crypto – NASDAQ – 180722 Daily Chart At the time of writing, the NASDAQ 100 Mini was up 44.5 points to deliver early support. The Total Crypto Market Cap Sees Red A bullish start to the Sunday session saw the total crypto market cap rise to a high of $961 billion before hitting reverse. The total market cap fell to a low of $925 billion before ending the day at $931 billion. Investors pulled out a modest $14.8 billion on Sunday to leave the market cap up $26 billion for the week. Total Market Cap 180722 Daily Chart The Crypto Market Mo Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-07-18 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $423,185,919,000 - Hash Rate: 189844347.0874986 - Transaction Count: 247895.0 - Unique Addresses: 611990.0 Social & AI Sentiment: - Fear & Greed Index: 0.20 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Don't miss CoinDesk'sConsensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12. Canadian crypto miner Hut 8 (HUT) continued to hold on to all of its mined bitcoins (BTC) even as peers are starting to sell their mined digital assets to pay for some of the operating expenses during the market rout. • Hut 8 mined 309 bitcoins or 10 per day during May,unchangedfrom the previous month. The entirety of the self-mined bitcoins were deposited into custody, “consistent with Hut 8's long-standing HODL strategy,” according to astatement. • The company’s action is notable given that many of its mining peers are starting tosell someof their mined bitcoins as prices tumble and funding in capital markets becomes more difficult and expensive. Riot Blockchain (RIOT) – one of the largest publicly traded miners and also a previously confirmed hodler –recently announced athird consecutive month of bitcoin sales. • Hut 8 also concluded its bitcoin yield program in which it hadloanedout 1,000 BTC to Genesis at an interest rate of 2%, and 1,000 BTC to Galaxy at 2.25%. This brings those 2,000 bitcoin back into the custody of Hut 8. • As of May 31, the company held 7,078 bitcoins in its reserves. At a price of $30,000 per coin, this has a value of $212.3 million vs. Hut 8’s market cap of $400 million (press time price of BTC is $31,500). • Also as of May 31, Hut 8’s installed operating capacity was 2.64 exahash per second (EH/s). Operations began at the company’s third mine in North Bay, Ontario on June 2, adding about 400 petahash per second (PH/s) to capacity (or 0.4 EH/s). • Shares of the miner were flat Monday morning despite a modest bounce in the price of bitcoin. Hut 8 is off about 71% year-to-date, in line with most of its mining peers.... - Reddit Posts (Sample): [['u/dirtmcgurt67', 'first time Bitcoin user. any tips or rules I need to follow?', 45, '2022-07-18 02:24', 'https://www.reddit.com/r/BitcoinBeginners/comments/w1lovj/first_time_bitcoin_user_any_tips_or_rules_i_need/', "I recently met someone at the bar who was showing how much he had in Bitcoin and that it was a good idea to at least give it a try. I was going to see if I coul buy some Bitcoin on cash app and learn how to use it. Figured it's a good skill to learn. So for first time use and so many different guides out there I was just wondering if community could help me find the best help. If anyone can just link me to a guide or give advice it's be much appreciated.", 'https://www.reddit.com/r/BitcoinBeginners/comments/w1lovj/first_time_bitcoin_user_any_tips_or_rules_i_need/', 'w1lovj', [['u/BTCMachineElf', 32, '2022-07-18 04:41', 'https://www.reddit.com/r/BitcoinBeginners/comments/w1lovj/first_time_bitcoin_user_any_tips_or_rules_i_need/iglgqrw/', "The golden rule: not your keys, not your coins\n\nStore your key on a quality hardware device. I strongly recommend Coldcard. Spin up a node (-$200 in parts) for better privacy. \n\nUse a complex passphrase for better security. Store this separately from your seed for better security. The no-passphrase wallet is your dummy wallet.\n\nBitcoin only. There is no better on principle and on technology. Making more coins underminds the value proposition of digital scarcity. Only bitcoin is decentralized, scarce, secure. If you want to gamble on altcoins, consider it an alternative investment and use small money.\n\nHodl with a 4+year plan. Don't panic sell. When in doubt, research the tech. Bitcoin is legit, and the only real choice for internet money.", 'w1lovj'], ['u/Tarzoon', 15, '2022-07-18 09:02', 'https://www.reddit.com/r/BitcoinBeginners/comments/w1lovj/first_time_bitcoin_user_any_tips_or_rules_i_need/igm4x9k/', 'I thought the golden rule was "Don\'t tell people that you have bitcoin".', 'w1lovj'], ['u/BTCMachineElf', 10, '2022-07-18 14:39', 'https://www.reddit.com/r/BitcoinBeginners/comments/w1lovj/first_time_bitcoin_user_any_tips_or_rules_i_need/igmw0cu/', "That's only for people who have bitcoin. Not for people like me who don't have any. 😳", 'w1lovj']]], ['u/Flimsy_Card8028', "Hard truth : if BTC reaches 1 mil I'm selling", 23, '2022-07-18 03:29', 'https://www.reddit.com/r/Bitcoin/comments/w1n06x/hard_truth_if_btc_reaches_1_mil_im_selling/', "I'm 48. Btc won't see mass adoption for at least 20 years. May be dead by then. Since the world still runs on fiat, I will cash out and enjoy life while I can. Only a fool hodls to the grave.", 'https://www.reddit.com/r/Bitcoin/comments/w1n06x/hard_truth_if_btc_reaches_1_mil_im_selling/', 'w1n06x', [['u/Adventurous_Garlic58', 13, '2022-07-18 03:43', 'https://www.reddit.com/r/Bitcoin/comments/w1n06x/hard_truth_if_btc_reaches_1_mil_im_selling/igl9syr/', 'If it reaches a million I’m rebuilding my community', 'w1n06x'], ['u/Low-Refrigerator2799', 24, '2022-07-18 03:50', 'https://www.reddit.com/r/Bitcoin/comments/w1n06x/hard_truth_if_btc_reaches_1_mil_im_selling/iglalwf/', 'By the time it hits 1 million you probably won’t even need to sell it as it will probably be a widely accepted currency. Many car dealerships, grocery stores, gas stations, online stores, home sellers, etc will probably accept Bitcoin by then so what’s the point of selling just to lose half of it to taxes?', 'w1n06x'], ['u/Didmoreresearchthenu', 61, '2022-07-18 03:53', 'https://www.reddit.com/r/Bitcoin/comments/w1n06x/hard_truth_if_btc_reaches_1_mil_im_selling/iglazc6/', 'If it reaches 1 mil you might not have to sell it to buy something you want😂', 'w1n06x'], ['u/Mas113m', 16, '2022-07-18 04:06', 'https://www.reddit.com/r/Bitcoin/comments/w1n06x/hard_truth_if_btc_reaches_1_mil_im_selling/iglcjl1/', "I am 47, I do not think I will sell. Same as investment real estate, borrow against it so there is not a taxable event. Look at what the rich do, or don't in this case. They do not sell assets.", 'w1n06x'], ['u/Lifter_Dan', 16, '2022-07-18 04:40', 'https://www.reddit.com/r/Bitcoin/comments/w1n06x/hard_truth_if_btc_reaches_1_mil_im_selling/iglglrx/', "If it reaches 1mil, Microstrategy will be worth over $130 billion, or $11,500 per share.\n\nSaylor will be worth god knows how much.\n\nWinklevoss twins will be worth over $70 billion\n\nPeter Schiff will be rekt, and maybe PlanB won't need to shill bybit links anymore.", 'w1n06x'], ['u/FirstTimeLongTime_69', 38, '2022-07-18 04:46', 'https://www.reddit.com/r/Bitcoin/comments/w1n06x/hard_truth_if_btc_reaches_1_mil_im_selling/iglhd8o/', 'Yup. $1M bitcoin essentially means the collapse of the fiat financial system and worldwide hyperinflation. You won’t need to “sell” or convert back to fiat at that point. There will be no shortage of businesses or individuals willing to take your sats in exchange for goods and services at that point.', 'w1n06x'], ['u/Major_Bandicoot_3239', 67, '2022-07-18 04:52', 'https://www.reddit.com/r/Bitcoin/comments/w1n06x/hard_truth_if_btc_reaches_1_mil_im_selling/igli21s/', 'Why is this a hard truth. We don’t care if you sell.', 'w1n06x'], ['u/clearmined', 11, '2022-07-18 04:53', 'https://www.reddit.com/r/Bitcoin/comments/w1n06x/hard_truth_if_btc_reaches_1_mil_im_selling/igli4we/', 'Borrowing against BTC not quite there yet. Most lending is 40-50% LTV. F that. \n\nAlso transferring BTC to the lender is garbage. Not doing that either. \n\nI would put the BTC into a wallet only I control. The lender monitors that address as collateral. As long as it’s there loan is secured. If the BTC moves the loan is due.', 'w1n06x'], ['u/ApprehensiveBicycle2', 51, '2022-07-18 05:06', 'https://www.reddit.com/r/Bitcoin/comments/w1n06x/hard_truth_if_btc_reaches_1_mil_im_selling/igljmau/', 'Trust me; he’ll sell wayyyy before then', 'w1n06x'], ['u/Doctor_Oddington', 42, '2022-07-18 05:18', 'https://www.reddit.com/r/Bitcoin/comments/w1n06x/hard_truth_if_btc_reaches_1_mil_im_selling/iglktsu/', "51. In poor health. If it hits 100,000, I retire, buy an RV, see how far I can go without leaving the ground. Then go tour the world's great libraries until I croak. Some inheritance for my brother's kids. Set up a living trust to go find people and help them do ridiculous things.\n\nI anticipate a 2025 launch date.", 'w1n06x'], ['u/Adventurous_Garlic58', 12, '2022-07-18 05:40', 'https://www.reddit.com/r/Bitcoin/comments/w1n06x/hard_truth_if_btc_reaches_1_mil_im_selling/igln3u5/', 'My personal hope is an awesome community center for the kids, donation for park renovations, ged and trade school grants is the three I think would really make a big difference. I also want to lobby for more finance classes in our schools curriculum as most high schoolers can’t write a check, balance a ledger, understand credit scores, APR, etc.', 'w1n06x'], ['u/YorionEnthusiast', 10, '2022-07-18 06:06', 'https://www.reddit.com/r/Bitcoin/comments/w1n06x/hard_truth_if_btc_reaches_1_mil_im_selling/iglpnbh/', 'Guess people have learned nothing.', 'w1n06x'], ['u/LiveFreelyOrDie', 11, '2022-07-18 07:52', 'https://www.reddit.com/r/Bitcoin/comments/w1n06x/hard_truth_if_btc_reaches_1_mil_im_selling/iglzcz1/', 'Everyone else will sell at $950K, leaving you hodling for a mil', 'w1n06x']]], ['u/GrantedLazerBeam', 'The Implications of CBDCs', 29, '2022-07-18 04:17', 'https://www.reddit.com/r/Bitcoin/comments/w1nxr2/the_implications_of_cbdcs/', 'Think about what is happening to @RBC customers opting into a better financial instrument, #bitcoin\xa0, and how CBDCs will amplify this problem going forward\n\nRBC is shutting down any and all customer accounts who are buying Bitcoin\n\nBitcoin has posed enough of a threat to the incumbent financial system, and has provided a new option to transact in a currency that is more elite and completely outside of the purview of the current traditional system. \n\nRead here: https://cbdcwatch.substack.com/p/the-implications-of-cbdcs?s=w&utm_medium=web', 'https://www.reddit.com/r/Bitcoin/comments/w1nxr2/the_implications_of_cbdcs/', 'w1nxr2', [['u/Nada_Lives', 17, '2022-07-18 04:50', 'https://www.reddit.com/r/Bitcoin/comments/w1nxr2/the_implications_of_cbdcs/iglhr0i/', 'then they fight you ...', 'w1nxr2']]], ['u/AutoModerator', '[Daily Discussion] - Monday, July 18, 2022', 58, '2022-07-18 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/w1pvqb/daily_discussion_monday_july_18_2022/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/w1pvqb/daily_discussion_monday_july_18_2022/', 'w1pvqb', [['u/Outrageous-Net-7164', 18, '2022-07-18 07:10', 'https://www.reddit.com/r/BitcoinMarkets/comments/w1pvqb/daily_discussion_monday_july_18_2022/iglvoyh/', 'Dangerous shorting now. You had 7 months of life changing money shorting from 69k. Why fuck about down here. \n\nYour no different to the longers at 60k\n\n10k is the same call as the 100k call last year.', 'w1pvqb'], ['u/dmatje', 10, '2022-07-18 07:14', 'https://www.reddit.com/r/BitcoinMarkets/comments/w1pvqb/daily_discussion_monday_july_18_2022/iglvzrx/', 'Isn’t the fed still selling off billions of assets a day?', 'w1pvqb'], ['u/DamonAndTheSea', 21, '2022-07-18 07:14', 'https://www.reddit.com/r/BitcoinMarkets/comments/w1pvqb/daily_discussion_monday_july_18_2022/iglw1an/', 'People shorting bottom of RSI and 200MA weekl... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['(Bloomberg) -- SoftBank Group Corp. has temporarily paused talks about listing shares of its chips division, Arm Ltd., in London because of turmoil in the UK government, while it continues to pursue an initial public offering for the business in New York, according to people familiar with the matter. Most Read from Bloomberg VW Billionaire Clan Plotted CEO Ouster as He Was on US Trip World\x92s Key Workers Threaten to Hit Economy Where It Will Hurt Tesla\x92s Bitcoin Dump Leaves Accounting Mystery in Its Wake Russian Odesa Missile Strike Tests Ukraine Grain Export Deal Fed to Inflict More Pain on Economy as It Readies Big Rate Hike SoftBank founder Masayoshi Son has repeatedly said his primary focus is to take Arm public in the US because of its deep investor base and attractive valuations. In June, Son said he would also consider a London listing, in part because of political appeals. The resignation of outgoing UK Prime Minister Boris Johnson, which was preceded by the walkout of many leading officials in his administration, has put those talks on hold for now, said the people, asking not to be named because the discussions are private. Investment minister Gerry Grimstone, who played a leading role in talks with SoftBank, is one of the officials who resigned. You can\x92t negotiate if there is no one on the other side to talk with, one of the people said, adding that the pause hasn\x92t changed SoftBank\x92s attitude toward a London Stock Exchange deal. A listing in Arm\x92s home market could still happen, but SoftBank remains focused on the US in 2023, according to the people. SoftBank declined to comment. The company\x92s shares were little changed in morning trading in Tokyo on Tuesday. The Financial Times reported earlier that SoftBank had halted work on a London IPO. Arm, which the Japanese company acquired in 2016, is based in Cambridge, England. Arm was one of the UK\x92s most important technology companies before the purchase and still has the majority of its operations there. Johnson\x92s administration had lobbied hard to bring at least part of any initial public offering to the UK\x92s capital market. Story continues Arm sells and licenses technology that\x92s used by semiconductors in everything from smartphones to supercomputers. The pervasiveness of its products has made its planned IPO a closely watched event in the $550 billion chip industry. Son has said he plans to sell a portion of Arm before the end of the company\x92s financial year next March. The prospect for a return on his $32 billion purchase of Arm have dimmed as investors have shied away from chip-related stocks. The benchmark Philadelphia Stock Exchange Semiconductor Index has lost almost a third of its value in 2022. (Updates with SoftBank\x92s response) Most Read from Bloomberg Businessweek The $260 Swatch-Omega MoonSwatch Is Reviving the Budget Brand Postmortem Sperm Retrieval Is Turning Dead Men Into Fathers The US Has Lost Its Way on Computer Chips Ghosts of 2012 Haunt Europe as Rate Hikes Begin Sam Bankman-Fried Turns $2 Trillion Crypto Rout Into Buying Opportunity ©2022 Bloomberg L.P.', '(Bloomberg) -- SoftBank Group Corp. has temporarily paused talks about listing shares of its chips division, Arm Ltd., in London because of turmoil in the UK government, while it continues to pursue an initial public offering for the business in New York, according to people familiar with the matter.\nMost Read from Bloomberg\n• VW Billionaire Clan Plotted CEO Ouster as He Was on US Trip\n• World’s Key Workers Threaten to Hit Economy Where It Will Hurt\n• Tesla’s Bitcoin Dump Leaves Accounting Mystery in Its Wake\n• Russian Odesa Missile Strike Tests Ukraine Grain Export Deal\n• Fed to Inflict More Pain on Economy as It Readies Big Rate Hike\nSoftBank founder Masayoshi Son has repeatedly said his primary focus is to take Arm public in the US because of its deep investor base and attractive valuations. In June, Son said he would also consider a London listing, in part because of political appeals.\nThe resignation of outgoing UK Prime Minister Boris Johnson, which was preceded by the walkout of many leading officials in his administration, has put those talks on hold for now, said the people, asking not to be named because the discussions are private. Investment minister Gerry Grimstone, who played a leading role in talks with SoftBank, is one of the officials who resigned.\nYou can’t negotiate if there is no one on the other side to talk with, one of the people said, adding that the pause hasn’t changed SoftBank’s attitude toward a London Stock Exchange deal. A listing in Arm’s home market could still happen, but SoftBank remains focused on the US in 2023, according to the people.\nSoftBank declined to comment. The company’s shares were little changed in morning trading in Tokyo on Tuesday.\nThe Financial Times reported earlier that SoftBank had halted work on a London IPO.\nArm, which the Japanese company acquired in 2016, is based in Cambridge, England. Arm was one of the UK’s most important technology companies before the purchase and still has the majority of its operations there. Johnson’s administration had lobbied hard to bring at least part of any initial public offering to the UK’s capital market.\nArm sells and licenses technology that’s used by semiconductors in everything from smartphones to supercomputers. The pervasiveness of its products has made its planned IPO a closely watched event in the $550 billion chip industry.\nSon has said he plans to sell a portion of Arm before the end of the company’s financial year next March.\nThe prospect for a return on his $32 billion purchase of Arm have dimmed as investors have shied away from chip-related stocks. The benchmark Philadelphia Stock Exchange Semiconductor Index has lost almost a third of its value in 2022.\n(Updates with SoftBank’s response)\nMost Read from Bloomberg Businessweek\n• The $260 Swatch-Omega MoonSwatch Is Reviving the Budget Brand\n• Postmortem Sperm Retrieval Is Turning Dead Men Into Fathers\n• The US Has Lost Its Way on Computer Chips\n• Ghosts of 2012 Haunt Europe as Rate Hikes Begin\n• Sam Bankman-Fried Turns $2 Trillion Crypto Rout Into Buying Opportunity\n©2022 Bloomberg L.P.', '• On Monday, the crypto top ten resumed the recent upswing, with Ethereum (ETH) surging by 18% to lead the way.\n• A shift in sentiment across the crypto market led to decoupling from the NASDAQ 100, with market focus returning to crypto network news updates.\n• The total crypto market cap jumped by $82.59 billion to hit $1 trillion for the first time since June 13.\nIt was a bullish Monday session for thecryptotop ten. Bitcoin (BTC) broke out from its recent ranges, with a visit to $22,000, withETHbringing $2,000 into view.\nMarket sentiment towards the Ethereum Merge and the Cardano (ADA) Vasil hard fork muted the influence of the NASDAQ 100 on investor appetite.\nOn Sunday, wetalkedof the crypto market decoupling from the US equity markets, which entered the earnings season. A breakout after the US market close suggests the beginnings of a decoupling.\nThere were no FOMC member speeches to consider, with the Fed in the blackout period until July 28. Adding further support to the crypto market were easing bets of a 100-basis point rate hike later this month.\nAt the time of writing, the NASDAQ 100 Mini was up 33 points.\nA bullish Monday session saw the total crypto market cap rise from a low of $929 billion to a high of $1,026 billion before hitting reverse.\nThe reversal, weighed by the NASDAQ 100, led to a fall back to $966 billion before a post-US market crypto rally.\nOn Monday, the total crypto market cap surged by $82.59 billion to close out the day at $1 trillion for the first time since June 12.\nA bitcoin return to $22,000 and an Ethereum surge to $1,500 were the milestones driving the broad-based crypto rally.\nETHsurged by 18.17% to lead the crypto top ten, withADA(+9.37%) andSOL(+12.73%) also making impressive gains.\nHowever,BNB(+6.62%),BTC(+7.95%),DOGE(+7.15%), andXRP(+6.47%) trailed the front runners.\nFrom theCoinMarketCaptop 100, Ethereum Classic (ETC) surged by 31.4% to lead the 100.\nPolygon (MATIC) and STEPN (GMT) were close behind, with gains of 27.4% and 25.77%, respectively.\nLido DAO (LDO) bucked the broader market trend, with a 10.55% loss as investors locked in profits.\nOn Tuesday, 24-hour liquidations surged, suggesting a possible pullback from Monday levels. Over the weekend, we saw a similar rise in 24-hour liquidations going into Sunday that projected a bearish session, which materialized after a bullish start.\nThis morning, 24-hour liquidations stood at $691 million, up from $116.95 million on Monday.\nLiquidated traders surged over the last 24 hours, suggesting deteriorating market conditions. At the time of writing, liquidated traders stood at 128,281 versus 40,592 on Monday morning.\nAccording toCoinglass, one-hour liquidations stood at $161.66 million, up from $5.22 million on Monday.\n• Bitcoin mining was in the spotlight, with US lawmakerspushingfor more reporting.\n• The Dutch Central BankfinedBinance €3.3 million for offering services without being registered.\n• Coinbasegotregulatory approval in Italy to provide ongoing crypto services.\n• Three Arrows Capital (3AC)reportedlyowes creditors $3 billion, which includes $2.36 billion to Genesis.\n• The Paraguay Senatepasseda bill to regulate crypto trading and mining.\nThisarticlewas originally posted on FX Empire\n• General Motors to produce 2024 Chevrolet Blazer EV at Ramos Arizpe in Mexico\n• Yellen vows tough U.S. measures against countries abusing economic order\n• SGS sticks to outlook as H1 sales rise in “challenging” market\n• Novartis no longer expects earnings decline at under-review Sandoz unit\n• China’s Tianjin halts some businesses in fresh COVID curbs\n• Sri Lanka opposition leader Premadasa withdraws from race for president', 'Key Insights: On Monday, the crypto top ten r Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-07-19 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $424,348,672,000 - Hash Rate: 199988701.51202145 - Transaction Count: 279950.0 - Unique Addresses: 682638.0 Social & AI Sentiment: - Fear & Greed Index: 0.30 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: • Meme momentum is fading rapidly forAMC Entertainment(AMC) and AMC stock. • Positive sentiment alone accounted for AMC’s price rise. • Investors should take this opportunity to bail from AMC now. Investors may cite improving movie attendance as a reason to buyAMC Entertainment(NYSE:AMC) stock. At the same time, they are shunningNetflix(NASDAQ:NFLX) andRoku(NASDAQ:ROKU). People moved on from the stay-at-home lifestyle of 2020 and 2021. This year, going out will include watching movies in a theatre. Does this mean AMC’s stock price will rise with the favorable trend? Investors should dig into AMC’s latest quarterly report first. The company has several red flags that undermine the bullish thesis. InvestorPlace - Stock Market News, Stock Advice & Trading Tips [] Meme investing tried, but failed several times to come back. Most recently,GameStop(NYSE:GME)double-bottomedat $80 in March and rose to over $180 to then fall back to $80. AMC stock also rallied to over $30 in that time. However, it recently closed at $11.81. • 7 Undervalued Stocks to Buy Before Investors Catch On Meme investing is synonymous with momentum investing. The stock depended on buying momentum for the rallies. Those who sold into the rally profited the most. Anyone too slow to sell is largely holding losses. Fundamentals from its quarterly report are questionable. <br />Click to Enlarge AMC’s MACD is bearish. In the first quarter, AMC posted non-GAAPearnings per share loss of 52 cents. Revenue rose by 429.8% year-over-year to $785.7 million. Those figures suggest that AMC will need to sustain its revenue growth to achieve break-even profits. In the first quarter, AMC reported attendance of 39,075,000 from average screens of 10,099. At around 3,900 attendance per screen in the quarter, the theatre chain has a long way to go. This number seems too low for a company whose market capitalization is $6.72 billion. The bear market is especially damaging for technology stocks. Companies with a high price-to-sales ratio fell sharply from their peak. In the chart abovecreated by Stock Rover, AMC’s moving average convergence divergence is bearish. The faster-moving blue line crossed the slower-moving green line, which is a sell signal. Shareholders who bought AMC stock in the last two years may zoom out of the stock chart. From late 2018 to Jan. 1, 2021, AMC shares could not break a downtrend. It traded at below $2.50 before Reddit’s r/WallStreetBets added AMC Entertainment to the meme stock craze. Redditors picked GameStop as the highly shorted company to short-squeeze. They bought the stock to punish bears who bet against it. Bears correctly bet against AMC because it had high debt. It was losing viewers to movie companies releasing titles on streaming services. Though streaming stocks are down, their demand remains strong. Roku and Netflix are trading lower because they face higher competition. Revenue growth is slowing. Markets are unwilling to pay nose-bleeding valuations for them. Expect the price-to-earnings and price-to-sales multiples to fall for stocks. This will hurt AMC as investors switch by buying companies that post quarterly profits. On the date of publication, Chris Lau did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. • Stock Prodigy Who Found NIO at $2… Says Buy THIS • It doesn’t matter if you have $500 in savings or $5 million. Do this now. • Get in Now on Tiny $3 ‘Forever Battery’ Stock • Early Bitcoin Millionaire Reveals His Next Big Crypto Trade “On Air” The postAMC Stock: Why itâs Time to Bail Right Nowappeared first onInvestorPlace.... - Reddit Posts (Sample): [['u/Doctor_Whisky', 'Help me understand pls', 41, '2022-07-19 00:42', 'https://www.reddit.com/r/btc/comments/w2chli/help_me_understand_pls/', 'Hello all, so I’ve known about crypto for what feels like forever now BUT only today have I gone down what feels like to me is the rabbit hole… \n\nSo please correct me if I’m wrong but from my understanding BCH IS BTC before the fork and BTC that we know today is only BTC because some people chose that version to be the one that got the ticker and all the popularity and how the only reason BCH is suppressed heavily is because of it being looked down on (Block wars Etc.) and, the popularity/Spotlight BTC took and BTC being a store of value on top of this Tether BS and how it is propped up by counterfeit money (Tether) which is a balloon ready to pop. Also a lot of talk about BCH flipping BTC lmao \n\nI’ve read off and on about BCH for about a year now and thought about buying it but after seeing it hit damn near 800$ and just slowly decline. I’ve recently decided to start investing (since it’s cooled off a little) Honestly BCH is a gem in of itself but I just have a hard time understanding why BCH has fallen so far, everything about BCH is damn near perfect to me, I guess it just needs it’s spotlight.', 'https://www.reddit.com/r/btc/comments/w2chli/help_me_understand_pls/', 'w2chli', [['u/mrtest001', 24, '2022-07-19 01:14', 'https://www.reddit.com/r/btc/comments/w2chli/help_me_understand_pls/igpgejd/', 'BCH and BTC are from the same exact chain - the split happened in 2017.\n\nBCH is the low-fee version of Bitcoin.\n\nBTC is the high-fee version of Bitcoin.\n\nEverything you understand and have read about Bitcoin is also true for BitcoinCash.\n\nI would not characterize BCH as "heavy" BitcoinCash works as "Bitcoin" was intended - and we can see the results of what happens when you stray away - BTC is high fees and (IMHO) Layer 2 LN is damn near unusable.', 'w2chli'], ['u/KallistiOW', 10, '2022-07-19 01:37', 'https://www.reddit.com/r/btc/comments/w2chli/help_me_understand_pls/igpjkc0/', 'Yep, you pretty much get it', 'w2chli'], ['u/CurvyGorilla202', 16, '2022-07-19 03:03', 'https://www.reddit.com/r/btc/comments/w2chli/help_me_understand_pls/igpv2s2/', 'Welcome to the club', 'w2chli'], ['u/ShortSqueeze20k', 15, '2022-07-19 03:26', 'https://www.reddit.com/r/btc/comments/w2chli/help_me_understand_pls/igpy4fy/', "relax hommie. \n\nImagine a world where /r/btc is proven correct and BCH has 300m transactions happening a day on chain. BTC would, without exaggeration, be dead, hard $0. Not because of some crazy moon boy fantasy, but because miners will be incentivized to mine BCH rather than BTC since it would be simply more profitable to do so. \n\nIn that world where BTC is hard $0, Bitcoin Cash users will simply call it Bitcoin. That's what the phrase Bitcoin Cash is Bitcoin means to me.", 'w2chli'], ['u/Shibinator', 13, '2022-07-19 03:43', 'https://www.reddit.com/r/btc/comments/w2chli/help_me_understand_pls/igq0dwj/', 'See [this other recent thread](https://www.reddit.com/r/btc/comments/w21jeb/books_on_bitcoin_cash/igoa2wg/)\n\nFor some info that might help get you in the right direction on BCH.', 'w2chli'], ['u/Doctor_Whisky', 11, '2022-07-19 03:56', 'https://www.reddit.com/r/btc/comments/w2chli/help_me_understand_pls/igq279p/', 'Someone earlier said We’re either extremely retarded or very early.', 'w2chli'], ['u/ShortSqueeze20k', 11, '2022-07-19 04:04', 'https://www.reddit.com/r/btc/comments/w2chli/help_me_understand_pls/igq3932/', "So many people don't even know these VERY basics: (we're very early)\n\n1) You can buy a fraction of a Bitcoin.\n\n2) Aggregate supply decreases by 50% every 4 years\n\n3) Max supply 21 million.\n\n4) Transaction fees will incentivize miners after the block rewards decreases more", 'w2chli'], ['u/KallistiOW', 11, '2022-07-19 05:08', 'https://www.reddit.com/r/btc/comments/w2chli/help_me_understand_pls/igqbjm9/', "I can stay retarded longer than miners can stay solvent\n\nBCH goes to $1 and all the miners bail out? You bet I'm gonna be mining on all of the CPU power I have.", 'w2chli']]], ['u/AffectionateCanary25', "There's many people who won't buy Bitcoin because they don't invest at all", 155, '2022-07-19 04:07', 'https://www.reddit.com/r/Bitcoin/comments/w2gutg/theres_many_people_who_wont_buy_bitcoin_because/', 'Recently had a conversation with a 64 year old coworker who believes the stock market/investing is a scam. \n\nIt\'s one of those conversations where I just let the other person talk to understand their perspective. I have no interest in changing someone\'s mind especially when they are this late in the game. \n\nShe got burned in 2000 and 2008.\n\nI didn\'t venture to ask what her situation is now. \n\nBut it did get me thinking about the majority of people. \n\nMost people do not invest. \n\nOf the ones that do, this is mostly through passive strategies.\n\nAlthough I believe Bitcoin will eventually fully integrate into the traditional investing world, there will be many people who really don\'t care. \n\nThat is a little depressing to think about but that\'s mostly human nature. \n\nI personally know 2 doctors with crippling debt who are living paycheck to paycheck (lifestyle creep is real, especially with doctors\' wives). \n\nIt\'s made me realize that many people will not put in the time to understand investing, let alone Bitcoin. And some people can\'t even invest given their circumstances. \n\nIn my small town growing up, it was always the older farmers who were covert millionaires. Probably because they had a growth mindset, have a history of hedging bad seasons, and don\'t spend beyond their means. \n\nIt\'s funny because my definition of "rich" has changed substantially with a greater understanding of investing. \n\nJust some random thoughts, I don\'t believe many people will be buying Bitcoin at 100k, there may be some fomo but interest will disappear when another 30% correction happens. \n\nAnd we\'ll have the same "Bitcoin is dead!" Headlines.\n\nEdit: I think it\'s important to remember the amount of people who actively invest whenever Bitcoin goes on another maniac rally. Even in a hyperbitcoinized world people will blow their Bitcoin as soon as they get it. \n\nBitcoin is a gift for savers but anyone who is not a saver probably doesn\'t care.', 'https://www.reddit.com/r/Bitcoin/comments/w2gutg/theres_many_people_who_wont_buy_bitcoin_because/', 'w2gutg', [['u/Ok_Diamond_', 13, '2022-07-19 05:49', 'https://www.reddit.com/r/Bitcoin/comments/w2gutg/theres_many_people_who_wont_buy_bitcoin_because/igqgekl/', 'Good points about the farmers in your area. Another item that has helped farmers is the insane appreciation of the value of good farm land. They can use the land they have to leverage up and buy more farm land as well but the appreciation of land valuation is pretty wild', 'w2gutg'], ['u/savinelli_smoker', 39, '2022-07-19 05:58', 'https://www.reddit.com/r/Bitcoin/comments/w2gutg/theres_many_people_who_wont_buy_bitcoin_because/igqhflh/', 'We the early adopters see bitcoin as an investment, but if bitcoin really reaches its full potential and becomes the digital money (years and decades later, after hyperbitcoinisation), people will no longer see it as an investment, it’ll be simply “money”, a better form of money that doesn’t lose value constantly. I suspect people will still invest, like lending out bitcoin to earn interest, borrowing bitcoin to build a business, buy corporate stocks with bitcoin, etc, but the act of holding bitcoin itself won’t be seen as investment anymore. And I hope that day will come.', 'w2gutg'], ['u/FigTreeMike', 20, '2022-07-19 06:42', 'https://www.reddit.com/r/Bitcoin/comments/w2gutg/theres_many_people_who_wont_buy_bitcoin_because/igqm420/', "Yes an we all see how well that's going. Bitcoin isn't designed for fractional reserve banking, which is a major selling point for me.", 'w2gutg'], ['u/Mektzer', 12, '2022-07-19 10:07', 'https://www.reddit.com/r/Bitcoin/comments/w2gutg/theres_many_people_who_wont_buy_bitcoin_because/igr3ifk/', 'The majority of the people don\'t invest because they don\'t understand it, so they think it\'s just something that is very risky or at worst a total scam. But one thing that the majority of the people does is saving for their future. In some ways it is viewed as the opposite of investing (it\'s risk off instead of risk on). It\'s something sensible to do that, in the right conditions, comes natural to the human behavior.\n\nRight now bitcoin has a relatively small market cap. It\'s highly volatile, hence highly speculative, and it\'s perceived exactly like that from the outsiders. As bitcoin keeps "avoiding deaths" coming back stronger time and time again, while volatility keeps decreasing simply because of a bigger market cap, more and more people will realise that buying bitcoin is more similar to a savings account with a good interest rate rather than a high risk - high reward type of bet.\n\nThat\'s why I believe we could completely turn around the title of this post and make it: "There\'s many people who will eventually buy Bitcoin because they want to save their money for their future"', 'w2gutg']]], ['u/apamise', 'Is BTC price based on market sentiment or is it highly manipulated?', 10, '2022-07-19 05:00', 'https://www.reddit.com/r/Buttcoin/comments/w2hy4c/is_btc_price_based_on_market_sentiment_or_is_it/', 'The more I try to understand BTC price trend, the less it make sense.', 'https://www.reddit.com/r/Buttcoin/comments/w2hy4c/is_btc_price_based_on_market_sentiment_or_is_it/', 'w2hy4c', [['u/biffbobfred', 13, '2022-07-19 05:01', 'https://www.reddit.com/r/Buttcoin/comments/w2hy4c/is_btc_price_based_on_market_sentiment_or_is_it/igqaohj/', 'It’s so thinly traded in the real world that it’s very very easy for whales to manipulate. If a price stays the same for a while it becomes market sentiment because there really are no other factors going into the... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['• On Tuesday, the crypto top ten were on the move again, with Cardano (ADA) taking over as the front runner.\n• A choppy start to the session saw the crypto market hit reverse before recovering, with the NASDAQ 100 delivering a US session boost.\n• The total crypto market cap followed Monday’s $82.59 billion jump with a $46 billion increase to cement the return to $1 trillion.\nIt was a bullish Tuesday session for thecryptotop ten. Bitcoin (BTC) hit $23,000, briefly eyeing $24,000, with Cardano (ADA) enjoying a breakout session.\nRecovering from a bearish start to the Tuesday session, risk-on sentiment from the global equity markets delivered much-needed support.\nThe European and US equity markets were in rally mode, delivering the crypto boost.\nOn Tuesday, the NASDAQ 100 rallied by 3.11%, with the futures pointing to more gains in the day ahead.\nAt the time of writing, the NASDAQ 100 Mini was up 32 points.\nWhile the European and US equity markets provided support, investor sentiment towards the Ethereum Merge and the Cardano (ADA) Vasil hard fork remained the key drivers.\nFollowing several delays, the Vasil hard fork and the Merge look set for July and September, shifting the mood across the crypto market.\nA choppy Tuesday session saw the total crypto market cap fall to a low of $981 billion before rising to a high of $1,050 billion.\nFinding initial support from the European and US equity markets, Ethereum Merge euphoria continued to drive the market northwards in the post-US market close session.\nOn Tuesday, the total crypto market cap followed Monday’s $82.59 billion surge with a $46 billion increase to wrap up the day at $1 trillion for a second consecutive day.\nNotable moves across the crypto top ten were a bitcoin return to $23,000 and an Ethereum look at $1,700. Despite the Merge euphoria, ETH ended the day in the red.\nADArallied by 5.31% to lead the top ten, withBTC(+4.25%) andSOL(+3.07%) finding strong support.\nWhileBNB(+1.70%),DOGE(+2.10%), andXRP(+2.14%) avoided the red,ETH(-2.45%) succumbed to late profit taking to end the day in the red.\nFrom theCoinMarketCaptop 100, Nexo (NEXO) led the way, surging by 21.88%. Fantom (FTM) and NEM (XEM) were close behind, with gains of 14.97% and 15.53%, respectively.\nHowever, Arweave (AR) struggled, with a 6.12% loss. UNUS SED LEO (LEO), STEPN (GMT), TerraClassicUSD (USTC), and Polygon (MATIC) also saw red.\nOn Wednesday, 24-hour liquidations eased, pointing to more favorable market conditions. Despite the fall in liquidations, 24-hour liquidations remained elevated relative to more recent levels.\nThis morning, 24-hour liquidations stood at $582 million, down from $691 million on Tuesday.\nLiquidated traders also eased over the last 24 hours, suggesting improving market conditions. At the time of writing, liquidated traders stood at 104,735 versus 128,281 on Tuesday morning.\nWhile 24-hour liquidation levels stood on the higher side, one-hour and four-hour liquidations saw a sharp decline relative to Tuesday morning levels.\nAccording toCoinglass, one-hour liquidations stood at $2.84 million, down from $161.66 million on Tuesday. Four-hour liquidations stood at $45.66 million.\n• Beleaguered crypto platform Celsiusreceivedcourt approval to spend $3.7 million on a new bitcoin mining facility and $1.5 million on customs and excise duties on rigs.\n• Stablecoin issuer Circletalkedabout crypto regulations.\n• FBIissueda warning over bogus crypto apps.\n• Crypto.comand Trade Republicannouncedregulatory approvals in Italy.\nThisarticlewas originally posted on FX Empire\n• Telia’s quarterly core earnings top expectations\n• Wildfire rages near Athens; homes damaged, hospital evacuated\n• White House says Russia laying groundwork to annex Ukraine territory\n• Dollar loses steam, euro on front foot as ECB meeting looms\n• Indonesian court rejects call to legalise medicinal marijuana\n• Sri Lanka’s parliament votes for a new president as protesters wait', 'Key Insights: On Tuesday, the crypto top ten were on the move again, with Cardano (ADA) taking over as the front runner. A choppy start to the session saw the crypto market hit reverse before recovering, with the NASDAQ 100 delivering a US session boost. The total crypto market cap followed Monday’s $82.59 billion jump with a $46 billion increase to cement the return to $1 trillion. It was a bullish Tuesday session for the crypto top ten. Bitcoin ( BTC ) hit $23,000, briefly eyeing $24,000, with Cardano ( ADA ) enjoying a breakout session. Recovering from a bearish start to the Tuesday session, risk-on sentiment from the global equity markets delivered much-needed support. The European and US equity markets were in rally mode, delivering the crypto boost. On Tuesday, the NASDAQ 100 rallied by 3.11%, with the futures pointing to more gains in the day ahead. At the time of writing, the NASDAQ 100 Mini was up 32 points. Total Market Cap – NASDAQ – 200722 5 Min Chart While the European and US equity markets provided support, investor sentiment towards the Ethereum Merge and the Cardano ( ADA ) Vasil hard fork remained the key drivers. Following several delays, the Vasil hard fork and the Merge look set for July and September, shifting the mood across the crypto market. The Total Crypto Market Cap Continued the Gradual Climb to $2 Trillion A choppy Tuesday session saw the total crypto market cap fall to a low of $981 billion before rising to a high of $1,050 billion. Finding initial support from the European and US equity markets, Ethereum Merge euphoria continued to drive the market northwards in the post-US market close session. On Tuesday, the total crypto market cap followed Monday’s $82.59 billion surge with a $46 billion increase to wrap up the day at $1 trillion for a second consecutive day. Notable moves across the crypto top ten were a bitcoin return to $23,000 and an Ethereum look at $1,700. Despite the Merge euphoria, ETH ended the day in the red. Total Market Cap 200722 Daily Chart The Crypto Market Movers and Shakers from the Top Ten and Beyond ADA rallied by 5.31% to lead the top ten, with BTC (+4.25%) and SOL (+3.07%) finding strong support. Story continues While BNB (+1.70%), DOGE (+2.10%), and XRP (+2.14%) avoided the red, ETH (-2.45%) succumbed to late profit taking to end the day in the red. From the CoinMarketCap top 100, Nexo ( NEXO ) led the way, surging by 21.88%. Fantom ( FTM ) and NEM ( XEM ) were close behind, with gains of 14.97% and 15.53%, respectively. However, Arweave ( AR ) struggled, with a 6.12% loss. UNUS SED LEO (LEO), STEPN ( GMT ), TerraClassicUSD ( USTC ), and Polygon ( MATIC ) also saw red. Total Crypto Liquidations Fall to Reflect Improved Market Conditions On Wednesday, 24-hour liquidations eased, pointing to more favorable market conditions. Despite the fall in liquidations, 24-hour liquidations remained elevated relative to more recent levels. This morning, 24-hour liquidations stood at $582 million, down from $691 million on Tuesday. Liquidated traders also eased over the last 24 hours, suggesting improving market conditions. At the time of writing, liquidated traders stood at 104,735 versus 128,281 on Tuesday morning. While 24-hour liquidation levels stood on the higher side, one-hour and four-hour liquidations saw a sharp decline relative to Tuesday morning levels. According to Coinglass , one-hour liquidations stood at $2.84 million, down from $161.66 million on Tuesday. Four-hour liquidations stood at $45.66 million. Total Crypto Liquidations 200722 Daily News Highlights Beleaguered crypto platform Celsius received court approval to spend $3.7 million on a new bitcoin mining facility and $1.5 million on customs and excise duties on rigs. Stablecoin issuer Circle talked about crypto regulations. FBI issued a warning over bogus crypto apps. Crypto.com and Trade Republic announced regulatory approvals in Italy. This article was originally posted on FX Empire More From FXEMPIRE: Telia’s quarterly core earnings top expectations Wildfire rages near Athens; homes damaged, hospital evacuated White House says Russia laying groundwork to annex Ukraine territory Dollar loses steam, euro on front foot as ECB meeting looms Indonesian court rejects call to legalise medicinal marijuana Sri Lanka’s parliament votes for a new president as protesters wait', "Since the turn of the year, Block ( SQ ) shares have retreated to the tune of 57%. As such, with the company soon scheduled to report 2Q22’s financials (August 4), RBC analyst Daniel Perlin believes the toned-down valuation means the “expectation hurdle” going into the print is “relatively low.” That said, like in the prior quarter, the current macro environment remains unpredictable and while Perlin says it is hard not to want to “be more constructive” on the digital payments leader, the prospect of a recession, which would affect Block’s end markets and consumers, looms large. With this in mind, based on the market's “re-rating of high-growth stocks and a more cautious macro view” into 2H/22, Perlin has lowered the price target for the stock from $147 to $91. Nevertheless, the figure, which could still generate returns of 31% in the year ahead, supports Perlin's Outperform (i.e. Buy) rating (To watch Perlin’s track record, click here ) Perlin’s expectations for the quarter are mainly below the Street’s estimates. The analyst is calling for net revenues of $1.74 billion (Street is at $1.79 billion), gross profit of $1.48 billion (Street has $1.49 billion) and adj. EBITDA of $135 million (Street calling for $148 million). What areas of Block should investors be keeping an eye on? As reflected in GPV (gross payment volume), all eyes will be on the near-term demand for SMB (small and medium business) sellers, and here also, Perlin thinks the Street’s forecast could “prove aggressive.” Perlin’s model calls for a 16% year-over-year increase to $45 billion, below the consensus estimate of $49 billion. Cash App gross profit will a Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-07-20 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $447,990,289,162 - Hash Rate: 182598379.6414109 - Transaction Count: 260195.0 - Unique Addresses: 642244.0 Social & AI Sentiment: - Fear & Greed Index: 0.31 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: DUBAI, UNITED ARAB EMIRATES / COINSFERA / June 16, 2022 /Coinsfera is a multinational company that has announced to offer a fast and secure way toSell bitcoin in Dubaifor the ease for people living in UAE or those who are just traveling on vacation. The company has also its offices set up in several other countries including Turkey, and London. It also provides a wide range of other services, including real estate purchases in the UAE with digital currency. It is committed to providing the best possible experience for its customers and aims to be the leading Bitcoin offering firm in the world. Coinsfera is a safe and reliable place to buy or sell Bitcoin and a lot of other digital currencies including Ethereum and Tether. They are the premier OTC shop in the region and offer competitive rates with excellent customer service. Whether you're a first-time buyer or an experienced trader, they can help you make the most of your cryptocurrency investment. It allows users to pay with a variety of methods including cash and bank transfer. In addition to this, Coinsfera provides its customers with all the information related to its services on its website where people can check the latest prices and exchange rates for different digital currencies Now with Coinsfera, there's no need for long wait times or complicated procedures to purchase Bitcoin. People can simply walk into their physical store, andsell BTC in Dubaiin a few minutes. In another move that is sure to make it easier and faster for people to buy Bitcoin in Dubai, Coinsfera has announced that it will now be providing options for various bank transfer methods. This means that people who do not want to carry money in hand can simply transfer the amount through their bank and get Bitcoin in their wallet. In a city where the skyline is constantly changing, Coinsfera has also offered its customers to use Bitcoin tobuy apartments, villas, or any other type ofproperty in Dubai. The company's founder believes that this is just the beginning for Coinsfera and that they will take the cryptocurrency market in Dubai to the next level. He also added that he plans on expanding beyond real estate and luxury watches into a lot of other types of transactions With the launch of Coinsfera's revolutionary payment platform, it has become easier than ever for people to buysell Bitcoin in UAEwith cash and this service is not only in Dubai but is all over the world. The company's goal is to make payments for the purchase of digital currencies simple for everyone, and they are well on their way to doing so. Their innovative technology and team are poised to revolutionize the industry. Name:CoinsferaAddress: Jumeirah Lake Towers, Cluster F, Indigo-Icon tower - Office # 501 5th floor - Dubai - United Arab EmiratesPhone:+971 58 535 0505Email:[email protected] SOURCE:Coinsfera View source version on accesswire.com:https://www.accesswire.com/705372/Coinsfera-Offers-Fast-and-Secure-way-to-Sell-Bitcoin-in-Dubai... - Reddit Posts (Sample): [['u/AutoModerator', '[Daily Discussion] - Wednesday, July 20, 2022', 51, '2022-07-20 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/w3cjba/daily_discussion_wednesday_july_20_2022/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/w3cjba/daily_discussion_wednesday_july_20_2022/', 'w3cjba', [['u/cur5', 23, '2022-07-20 06:10', 'https://www.reddit.com/r/BitcoinMarkets/comments/w3cjba/daily_discussion_wednesday_july_20_2022/igviseo/', 'Trade\n\nBought @ 23.45k. \n\nTarget ~28k \n\nStop loss on a daily close under 22k.', 'w3cjba'], ['u/nuk8d', 16, '2022-07-20 08:50', 'https://www.reddit.com/r/BitcoinMarkets/comments/w3cjba/daily_discussion_wednesday_july_20_2022/igvxppz/', "I made this [post](https://www.reddit.com/r/BitcoinMarkets/comments/vvj0n1/daily_discussion_sunday_july_10_2022/ifllefj/?context=3) 10 days ago, about Russia/Gazprom potentially shutting off gas supplies to some European countries. That was when the 10 day 'planned maintenance' period started, and Russia continued to threaten cutting off supplies completely.\n\nI completely forgot to follow this, but the 10 day period is up, news broke around 48 hours ago that supplies are being turned back on as we speak, and Putin was trolling the West.\n\nThe tradfi/bitcoin price action aligns pretty well with these events so it might have been the good news narrative we needed to break up.\n\nAnyway, lower timeframes keep making bull pennants and breaking up. We've breached solidly from the tight daily bbands and they're beginning to diverge, meaning this move may have a lot of momentum. 26k is looking pretty damn close from here tbh.", 'w3cjba'], ['u/Antranik', 14, '2022-07-20 08:57', 'https://www.reddit.com/r/BitcoinMarkets/comments/w3cjba/daily_discussion_wednesday_july_20_2022/igvy92m/', 'Not if all these numb-nuts keep shorting every move up.', 'w3cjba'], ['u/Jip1210', 10, '2022-07-20 09:09', 'https://www.reddit.com/r/BitcoinMarkets/comments/w3cjba/daily_discussion_wednesday_july_20_2022/igvz7is/', "So there has to be news for a pump? It can't be supply and demand after a huge sell-off and long term holders locking up the coins.", 'w3cjba'], ['u/ad-hominem-nomnom', 27, '2022-07-20 09:51', 'https://www.reddit.com/r/BitcoinMarkets/comments/w3cjba/daily_discussion_wednesday_july_20_2022/igw2evi/', 'My daily, ‘the bottom is in post’, since the bottom on the 18th of June', 'w3cjba'], ['u/chrisgilesphoto', 13, '2022-07-20 12:35', 'https://www.reddit.com/r/BitcoinMarkets/comments/w3cjba/daily_discussion_wednesday_july_20_2022/igwemu7/', 'UK inflation reported at 9.4%\n\nWeeeeeee!', 'w3cjba'], ['u/thewardser', 35, '2022-07-20 13:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/w3cjba/daily_discussion_wednesday_july_20_2022/igwirt6/', 'stopped out again\n\nnew 10x short from $23,775 with stop loss at $24,001', 'w3cjba'], ['u/thewardser', 23, '2022-07-20 13:23', 'https://www.reddit.com/r/BitcoinMarkets/comments/w3cjba/daily_discussion_wednesday_july_20_2022/igwiywr/', 'we are basically right up on the resistance, today we either make a 10-20% move up or it finally goes down. Most likely my last day shorting before I turn bull(and the price drops 30% in a 10 minute candle :P)', 'w3cjba'], ['u/I_AM_DEATH-INCARNATE', 10, '2022-07-20 13:30', 'https://www.reddit.com/r/BitcoinMarkets/comments/w3cjba/daily_discussion_wednesday_july_20_2022/igwjk2z/', 'Stubborn but realistic', 'w3cjba'], ['u/thewardser', 11, '2022-07-20 13:32', 'https://www.reddit.com/r/BitcoinMarkets/comments/w3cjba/daily_discussion_wednesday_july_20_2022/igwjrte/', "the problem like I've said is that at this stage a loose stop is more dangerous because we could have a 10-15% BGD very quickly(similar to the pump from $4K to $5K last cycle). So the way I see it, if we do indeed make the big move, it won't matter where the stop it gets hit\n\nthe tight stop loss is basically insurance against that...and like it always is with insurance, you gotta pay a premium for more protection. \n\nplus I'm actually ahead here with this method...if i just had a generous stop since I started, my breakeven point would be about 25% lower than it is now.", 'w3cjba'], ['u/CasinoAccountant', 25, '2022-07-20 13:42', 'https://www.reddit.com/r/BitcoinMarkets/comments/w3cjba/daily_discussion_wednesday_july_20_2022/igwks8g/', 'well... mad respect that you keep posting this anyway', 'w3cjba'], ['u/dalectrics', 37, '2022-07-20 14:07', 'https://www.reddit.com/r/BitcoinMarkets/comments/w3cjba/daily_discussion_wednesday_july_20_2022/igwnfw2/', '/u/thewardser single handedly funding our bull run back to 100k', 'w3cjba'], ['u/CONTROLurKEYS', 15, '2022-07-20 14:16', 'https://www.reddit.com/r/BitcoinMarkets/comments/w3cjba/daily_discussion_wednesday_july_20_2022/igwog55/', "He's using stops and knows I validation before entering. Yall should try risk management too", 'w3cjba'], ['u/gozunker', 37, '2022-07-20 14:18', 'https://www.reddit.com/r/BitcoinMarkets/comments/w3cjba/daily_discussion_wednesday_july_20_2022/igwookg/', 'At this point I’m just here to see what Wardser’s next short is', 'w3cjba'], ['u/opst02', 13, '2022-07-20 14:29', 'https://www.reddit.com/r/BitcoinMarkets/comments/w3cjba/daily_discussion_wednesday_july_20_2022/igwpxoy/', 'we joke about him, but no one is posting trades anyway here..', 'w3cjba'], ['u/NLNico', 12, '2022-07-20 15:33', 'https://www.reddit.com/r/BitcoinMarkets/comments/w3cjba/daily_discussion_wednesday_july_20_2022/igwxz35/', 'That is [just Robinhood](https://www.reddit.com/r/BitcoinMarkets/comments/w2j429/daily_discussion_tuesday_july_19_2022/igqzdkn/) (if interested, click/follow all the links I shared, take some time eg 1h+ to understand it all and you shall know.)\n\nOverall, all those 61k BTC went to [1LQoWist8KkaUXSPKZHNvEyfrEkPHzSsCd](https://bitinfocharts.com/bitcoin/address/1LQoWist8KkaUXSPKZHNvEyfrEkPHzSsCd) which seems to be just a new kind of cold wallet setup for them (it does not seem to be another deposit/exchange address whatsoever.)', 'w3cjba'], ['u/lukemtesta', 13, '2022-07-20 15:35', 'https://www.reddit.com/r/BitcoinMarkets/comments/w3cjba/daily_discussion_wednesday_july_20_2022/igwy5sy/', 'Hi all,\n\nWe have firmly [broken out of the quarters falling wedge](https://imgur.com/a/4yUi4N9) that spread across all markets (crypto, equities, indices, etc.). We also broke out of the local ascending channel.\n\nThe volume profiles next mode up is between our \\increased target\\ at 28.5k - 31k (from triangle breakup to next major support + fib + profiling).\n\nRegarding weeks earnings reports: [Value-at-Risk (VaR) model for equity returns by sector](https://i.redd.it/ogktgzw7ioc91.png) following July 18th week is high - 5% satisfaction VaR: $0 in many cases! This can fuel the BTC move. Also, a likely 5-10% index return would push the SPX to resistance, igniting a wave 5 down to our 4-year bottom!\n\nIn an unlikely scenario, we can head up further to the .268 fib trendline at 40k.. but its unlikely.\n\nHappy trading.', 'w3cjba'], ['u/thewardser', 48, '2022-07-20 15:38', 'https://www.reddit.com/r/BitcoinMarkets/comments/w3cjba/daily_discussion_wednesday_july_20_2022/igwylhv/', 'stopped out\n\n\none last short, 10x short from $24,050 stop loss $24,430', 'w3cjba'], ['u/Shibenaut', 10, '2022-07-20 15:42', 'https://www.reddit.com/r/BitcoinMarkets/comments/w3cjba/daily_discussion_wednesday_july_20_2022/igwz29o/', 'Thank you for your service 🙏', 'w3cjba'], ['u/gozunker', 28, '2022-07-20 15:44', 'https://www.reddit.com/r/BitcoinMarkets/comments/w3cjba/daily_discussion_wednesday_july_20_2022/igwzfsp/', 'Well, the rainbow chart just crossed up to the next band, honestly did not expect that so soon.', 'w3cjba'], ['u/de_moon', 38, '2022-07-20 15:48', 'https://www.reddit.com/r/BitcoinMarkets/comments/w3cjba/daily_discussion_wednesday_july_20_2022/igwzxe1/', 'He told you. His target is to get stopped out again at $24,430.', 'w3cjba'], ['u/aaj094', 10, '2022-07-20 16:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/w3cjba/daily_discussion_wednesday_july_20_2022/igx1m05/', '>one last short, 10x short from $24,050 stop loss $24,430\n\nExactly what is the sense of these shorts? I mean there is no resistance as such in this area. It was known to be thin air between 22K and 27K. What is the thesis behind this dug heel top chasing?', 'w3cjba'], ['u/Dr_collar_pauper', 17, '2022-07-20 16:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/w3cjba/daily_discussion_wednesday_july_20_2022/igx26k6/', 'I really appreciate you posting all of these trades, even though you’re getting rekt.', 'w3cjba'], ['u/fulltrottel', 15, '2022-07-20 16:13', 'https://www.reddit.com/r/BitcoinMarkets/comments/w3cjba/daily_discussion_wednesday_july_20_2022/igx3if6/', 'Bro, I really want to thank you for the Entertainment in the last weeks. I wise you more luck in the Bull Side.', 'w3cjba'], ['u/aaj094', 16, '2022-07-20 16:19', 'https://www.reddit.com/r/BitcoinMarkets/comments/w3cjba/daily_discussion_wednesday_july_20_2022/igx4e9j/', 'I am making no near term predictions but it seems incredibly bullish that there is so immense disbelief about any rise at this point. All that can be said about last two years or so is that the corn has constantly gone contrary to most near term expectations. Give me an example of otherwise. Woo got fed up of this.', 'w3cjba'], ['u/satoshi... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Key Insights: It was a mixed Wednesday session for the crypto top ten, with Dogecoin (DOGE) avoiding the red to buck the market trend. News Tesla Inc. (TSLA) selling 75% of its bitcoin (BTC) holding weighed. The total crypto market cap fell by $17 billion to end the day at $1,018 billion. It was a mixed Wednesday session for the crypto top ten. Bitcoin ( BTC ) hit $24,000 before falling into the red, while Dogecoin (DOGE) enjoyed a bullish session. Crypto network updates failed to provide support. The downside aligned with 24-hour liquidation figures for Tuesday and Wednesday morning that pointed to a pullback. Following the market reaction to the Ethereum ( ETH ) Merge and Cardano Vasil hard fork dates, Polygon ( MATIC ) network news failed to provide support. On Wednesday, the Polygon team introduced zkEVM. Using zero-knowledge proof technology, Polygon delivers Ethereum scaling that will boost throughput, reduce latency, and save on fees. According to the announcement, “The basic approach to scaling Ethereum with ZK proofs is to build a ZK rollup, a Layer 2 protocol which “rolls up” a large batch of transactions and proves all of them to the Ethereum network with a single \xa0ZK validity proof.” Mid-week, the broader crypto market tracked the NASDAQ 100 into positive territory. A post-US-market close sell-off did the damage, with news of Tesla Inc. ( TSLA ) offloading 75% of its bitcoin holdings weighing. On Wednesday, the NASDAQ 100 rose by 1.58%, following a Tuesday 3.11% rally. At the time of writing, the NASDAQ 100 Mini was down 39 points. Total Market Cap – NASDAQ – 210722 5 Min Chart The Total Crypto Market Cap Sees Tesla Driven Loss A bullish start to the Wednesday session saw the total crypto market cap rise to a day high of $1,071 billion. A post-US-market close reversal, however, saw the crypto market cap slide to a day low of $1,003 billion before steadying. Despite the pullback, the total crypto market cap avoided a fall to sub-$1 trillion, with the market cap falling by $17 billion on the day. Story continues Notable moves across the crypto top ten was a bitcoin return to $24,000 to bring the all-important $25,000 handle into reach. Total Market Cap 210722 Daily Chart The Crypto Market Movers and Shakers from the Top Ten and Beyond Dogecoin ( DOGE ) bucked the top-ten crypto trend, rising by 1.66%. It was a bearish session for the rest of the majors, with SOL sliding by 6.30% to lead the way down. ADA (-4.84%), BNB (-3.87%), and XRP (-2.65%) also struggled, while BTC (-0.76%) and ETH (-1.33%) saw relatively modest losses. From the CoinMarketCap top 100, Lido DAO ( LDO ) and Monero ( XMR ) led the way alongside DOGE. LDO rose by 3.45%, with XMR gaining 3.42%. Leading the way down, however, were Quant ( QNT ), Arweave ( AR ), and Polygon (MATIC). AR slid by 10.89%, with QNT and MATIC seeing losses of 9.87% and 9.22%, respectively. Nexo ( NEXO ), Internet Computer ( ICP ), and Ethereum Classic ( ETC ) also struggled. Total Crypto Liquidations Fall Further to Suggest a Bullish Session On Thursday, 24-hour liquidations eased again, pointing to more favorable market conditions. While down from levels seen earlier this week, 24-hour liquidations remained elevated. This morning, 24-hour liquidations stood at $338 million, down from $582 million on Wednesday. Liquidated traders also eased over the last 24 hours, suggesting better market conditions. At the time of writing, liquidated traders stood at 98,758 versus 104,735 on Wednesday morning. While 24-hour liquidation levels eased back, one-hour and four-hour liquidations were up from Tuesday. According to Coinglass , one-hour liquidations stood at $6.90 million, up from $2.84 million on Wednesday. Four-hour liquidations stood at $101.16 million, up from $45.66 million on Wednesday. Total Crypto Liquidations 210722 The one-hour and four-hour liquidation levels reflected the post-US market close sell-off and the final hour partial recovery. (See hourly total crypto market cap chart below). Total Market Cap 210722 Hourly Chart Daily News Highlights Tesla Inc. sold 75% of its bitcoin holdings in the second quarter. The UK announced a new financial bill to regulate stablecoins. 21Shares unveiled S&P risk-controlled Ethereum and Bitcoin ETPs. This article was originally posted on FX Empire More From FXEMPIRE: Nord Stream 1 gas pipeline nominations show rise for Thursday -operator website Givaudan confirms mid-term targets as input costs hit margins BOJ retains easy policy, defies global tightening tide Ranil Wickremesinghe sworn in as Sri Lankan president Tissue maker Essity’s profit just beats forecasts Oil prices extend losses as demand concerns outweigh tight supply', 'Key Insights: It was a mixed Wednesday session for the crypto top ten, with Dogecoin (DOGE) avoiding the red to buck the market trend. News Tesla Inc. (TSLA) selling 75% of its bitcoin (BTC) holding weighed. The total crypto market cap fell by $17 billion to end the day at $1,018 billion. It was a mixed Wednesday session for the crypto top ten. Bitcoin ( BTC ) hit $24,000 before falling into the red, while Dogecoin (DOGE) enjoyed a bullish session. Crypto network updates failed to provide support. The downside aligned with 24-hour liquidation figures for Tuesday and Wednesday morning that pointed to a pullback. Following the market reaction to the Ethereum ( ETH ) Merge and Cardano Vasil hard fork dates, Polygon ( MATIC ) network news failed to provide support. On Wednesday, the Polygon team introduced zkEVM. Using zero-knowledge proof technology, Polygon delivers Ethereum scaling that will boost throughput, reduce latency, and save on fees. According to the announcement, “The basic approach to scaling Ethereum with ZK proofs is to build a ZK rollup, a Layer 2 protocol which “rolls up” a large batch of transactions and proves all of them to the Ethereum network with a single \xa0ZK validity proof.” Mid-week, the broader crypto market tracked the NASDAQ 100 into positive territory. A post-US-market close sell-off did the damage, with news of Tesla Inc. ( TSLA ) offloading 75% of its bitcoin holdings weighing. On Wednesday, the NASDAQ 100 rose by 1.58%, following a Tuesday 3.11% rally. At the time of writing, the NASDAQ 100 Mini was down 39 points. Total Market Cap – NASDAQ – 210722 5 Min Chart The Total Crypto Market Cap Sees Tesla Driven Loss A bullish start to the Wednesday session saw the total crypto market cap rise to a day high of $1,071 billion. A post-US-market close reversal, however, saw the crypto market cap slide to a day low of $1,003 billion before steadying. Despite the pullback, the total crypto market cap avoided a fall to sub-$1 trillion, with the market cap falling by $17 billion on the day. Story continues Notable moves across the crypto top ten was a bitcoin return to $24,000 to bring the all-important $25,000 handle into reach. Total Market Cap 210722 Daily Chart The Crypto Market Movers and Shakers from the Top Ten and Beyond Dogecoin ( DOGE ) bucked the top-ten crypto trend, rising by 1.66%. It was a bearish session for the rest of the majors, with SOL sliding by 6.30% to lead the way down. ADA (-4.84%), BNB (-3.87%), and XRP (-2.65%) also struggled, while BTC (-0.76%) and ETH (-1.33%) saw relatively modest losses. From the CoinMarketCap top 100, Lido DAO ( LDO ) and Monero ( XMR ) led the way alongside DOGE. LDO rose by 3.45%, with XMR gaining 3.42%. Leading the way down, however, were Quant ( QNT ), Arweave ( AR ), and Polygon (MATIC). AR slid by 10.89%, with QNT and MATIC seeing losses of 9.87% and 9.22%, respectively. Nexo ( NEXO ), Internet Computer ( ICP ), and Ethereum Classic ( ETC ) also struggled. Total Crypto Liquidations Fall Further to Suggest a Bullish Session On Thursday, 24-hour liquidations eased again, pointing to more favorable market conditions. While down from levels seen earlier this week, 24-hour liquidations remained elevated. This morning, 24-hour liquidations stood at $338 million, down from $582 million on Wednesday. Liquidated traders also eased over the last 24 hours, suggesting better market conditions. At the time of writing, liquidated traders stood at 98,758 versus 104,735 on Wednesday morning. While 24-hour liquidation levels eased back, one-hour and four-hour liquidations were up from Tuesday. According to Coinglass , one-hour liquidations stood at $6.90 million, up from $2.84 million on Wednesday. Four-hour liquidations stood at $101.16 million, up from $45.66 million on Wednesday. Total Crypto Liquidations 210722 The one-hour and four-hour liquidation levels reflected the post-US market close sell-off and the final hour partial recovery. (See hourly total crypto market cap chart below). Total Market Cap 210722 Hourly Chart Daily News Highlights Tesla Inc. sold 75% of its bitcoin holdings in the second quarter. The UK announced a new financial bill to regulate stablecoins. 21Shares unveiled S&P risk-controlled Ethereum and Bitcoin ETPs. This article was originally posted on FX Empire More From FXEMPIRE: Nord Stream 1 gas pipeline nominations show rise for Thursday -operator website Givaudan confirms mid-term targets as input costs hit margins BOJ retains easy policy, defies global tightening tide Ranil Wickremesinghe sworn in as Sri Lankan president Tissue maker Essity’s profit just beats forecasts Oil prices extend losses as demand concerns outweigh tight supply', 'Solar stocks could be in theory the hottest stocks to trade now, not because it is summer. It is mostly because the temperature is high and solar companies could provide a long-term solution to energy efficiency, clean energy, and to lowering energy costs driving down the inflation that remains at very high historic levels. These solar stocks to sell should come as no surprise as there are credible arguments to back this decision. 7 Best AI Stocks to Buy Now Let’s have an analytical view on why to sell these solar stocks or avoid them should you consider buying them. Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-07-21 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $437,752,088,250 - Hash Rate: 199187652.45519632 - Transaction Count: 273976.0 - Unique Addresses: 686329.0 Social & AI Sentiment: - Fear & Greed Index: 0.34 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: AMC Entertainment Holdings (NYSE: AMC ) is on its knees again. AMC stock is down over 56.6% YTD and off over 80.6% from a year ago when it peaked at $60.73. The country’s largest movie chain has to hope that the new summer viewing season will be a huge blockbuster box office season. Certainly the Top Gun: Maverick movie from Paramount starring Tom Cruise has helped it get off to a good start. As of Jun. 16, it grossed over $415.9 million just two weeks from release on Memorial Day, according to The Numbers . And there is no question that the number of large budget films and movies, in general, will top that in 2022. For example, there were 403 total films released in 2021, up slightly from 334 in 2020, according to Statista . That is down from 792 in 2019 and 873 in 2018. This year alone, the film industry it set to easily top the 2021 number, which will flow straight into revenue at AMC Entertainment. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Ticker Company Price AMC AMC Entertainment Holdings, Inc. $11.79 Forecasts for AMC For example, analysts now project revenue will hit $4.4 billion, up from $2.53 billion last year or 73.9% year-over-year. More importantly in 2023, analysts project revenue topping $5.2 billion, up 18.2% in 2023 over 2022. 7 Long-Term Stocks That Never Go Out of Style That should lead to the company becoming free cash flow (FCF) positive, recession or not. AMC produced less than stellar results on May 9 for the quarter ending Mar. 31. The movie chain reported that FCF was negative $329.8 million . That is not good for AMC stock, at least in the near term. The reason is that it needs to pay down debt to get rid of its $82 million in quarterly interest expenses. AMC Entertainment still has gross debt of $5.522 billion. After cash and cash equivalents of $1.165 billion, its net debt is $3.84 billion. Without positive FCF, it won’t be able to pay down debt and begin paying a dividend to shareholders. Story continues For example, analysts are still projecting negative earnings not only for 2022, but also for 2023 . Without positive FCF, it won’t get back into the black earlier. Moreover, it has been over two years since the company has paid a dividend. That is what helps the stock stay stable in rough periods like we are going through now. The last dividend it paid was in first-quarter (Q1) 2020, and that was severely reduced from Q4 2019. What to Do With AMC Entertainment The average price target of seven analysts covered by Refinitiv is $9.95 per share . That is over $2 below AMC stock on Jun. 16 at $11.79. Analysts just don’t see a turnaround happening anytime soon. Maybe it makes sense to see if the stock will float down further. I don’t see that there is any plan for the company to start producing positive FCF. In fact, the latest reports on the stock have been downgraded by several analysts. All eyes will be on the upcoming quarterly report probably by the end of July. Analysts are looking for good news and for reasons to change their opinion on the future forecasts, or frankly to change their models on the company. What AMC Stock Is Worth This is probably too pessimistic. As I pointed out last month, with just a 5% FCF margin, when revenue is forecast to hit $5.26 billion, AMC will generate $263 million in FCF. Here is how this affects the valuation of AMC stock. If we use a 3% FCF yield metric to value AMC stock, the target market capitalization (cap) works out to $8.766 billion. This is because using a 3% FCF yield is the same as multiplying the FCF estimate by 33.3 times. So $263 million x 33.3 equals $8.766 billion in target market cap. That number is 44.9% over AMC’s market cap of $6.05 billion on Jun. 16. That implies that AMC stock is worth about $17 per share (i.e., 44.9% higher than the $11.79 price today). In other words, a slight increase in its FCF margin will bring a huge gain in AMC stock. Analysts will be looking to see if that is getting close to happening with its Q2 results. On the date of publication, Mark Hake did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines More From InvestorPlace $200 Oil Sooner Than You Think – Buy This Now Stock Prodigy Who Found NIO at $2… Says Buy THIS Early Bitcoin Millionaire Reveals His Next Big Crypto Trade “On Air” It doesn’t matter if you have $500 in savings or $5 million. Do this now. The post AMC Stock Is Scraping the Bottom Again as the Summer Season Starts appeared first on InvestorPlace .... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening:\nPrices:Bitcoin trades sideways to hold above $23K; altcoins surge.\nInsights:Tesla\'s jettisoning of $936 million in BTC suggests it does not really believe in the asset.\nCatch the latest episodes ofCoinDesk TVfor insightful interviews with crypto industry leaders and analysis. Andsign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context.\nHi, I\'m James Rubin, here to take you through the day\'s crypto market highlights and news.\nBitcoin (BTC):$23,144 -.6%\nEther (ETH):$1,578 +3.2%\n[{"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+13.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "+8.6%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+5.7%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Bitcoin", "Ticker": "BTC", "Returns": "\\u22120.5%", "DACS Sector": "Currency"}, {"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "\\u22120.4%", "DACS Sector": "Currency"}]\nBitcoin Drops; Altcoins Rise\nBitcoin fell slightly in Thursday trading as investors continued to absorb the aftershocks of Tesla\'s (TSLA) decision to shed $936 million in bitcoin from its balance sheet during its second quarter.\nThe largest cryptocurrency by market capitalization was recently trading at about $23,100, down more than a half percentage point over the past 24 hours. The second, consecutive daily decline following an early week rally underscored Tesla CEO Elon Musk\'s influence among digital asset investors. Musk\'s utterances about bitcoin and dogecoin (DOGE) have sent markets for those assets intermittently soaring and plunging for much of the past two years.\n"Bitcoin was showing signs of a potentially meaningful breakout, but that quickly came to an end after Tesla reported earnings," Oanda Americas Senior Analyst Edward Moya wrote in an email.\nYet, Moya noted that traders should not have been surprised by Musk\'s support of the sale, given the crypto winter and comments he make a month ago at the Qatar Economic Forum that he had not recommended people invest in crypto.\nMoya added optimistically: "This is not a game changer for bitcoin."\nEther, the second-largest crypto by market cap, was changing hands just below $1,600, up more than 3% over the same period. Other major altcoins were in the green of a mostly dark shade, with Cosmos\' ATOM and Polygon\'s MATIC climbing more than 13% and 8%, respectively, at one point.\nEquity indexes rise\nEquity markets also rose on Thursday, albeit less robustly than cryptos. The tech-heavy Nasdaq jumped 1.3% while the S&P 500 increased almost a percentage point, respectively. Stocks have found even ground lately amid better-than-expected earnings reports from a number of major brands, most recently Tesla and Netflix (NFLX).\nInvestors have also been encouraged by reports that the U.S. central bank\'s Federal Open Market Committee (FOMC) would raise interest rates by 75 basis points instead of opting for a more robust 100-point hike. The mildly, less hawkish turn has suggested to some observers that inflation may soon stall without the economy plunging into recession. A Thursday report showing jobless claims in the U.S. reaching an eight-month high offered the latest evidence of a more desirable, gradual economic weakening.\nStill, rising prices remain a concern in the U.S. and beyond as the European Central Bank raised borrowing costs for the first time in 11 years.\nMeanwhile, the crypto industry continued to suffer the fallout from the ongoing bear market, with cryptocurrency exchangeBlockchain.comcutting 25%of its workforce – about 150 people. Blockchain.comfollows recent layoffsat a number of other large crypto exchanges worldwide, including Coinbase (COIN), Bullish, Bitso and Buenbit.\nOther news was more upbeat with banking giant JPMorgan (JPM)saying in a reportthat demand among retail investors in the crypto market was improving, and that the "intense phase" of deleveraging appeared to be over. And decentralized finance (DeFi) trading platform Hashflowclosed a $25 millionSeries A funding round at a valuation of $400 million.\nMoya expects trading to remain volatile until the FOMC meets. "Bitcoin could be in for a choppy period until we get beyond next week’s FOMC decision," Moya wrote.\nS&P 500: 3,998 +0.9%\nDJIA: 32,036 +0.5%\nNasdaq: 12,059 +1.3%\nGold: $1,719 +1.3%\nTesla: Wither the Bitcoin Macro Proxy?\nBy Sam Reynolds\nLet’s rewind to the zenith of 2021’s first-quarter bull market. Bitcoin was on an absolute tear and retail investors were clamoring for more and more of it.\nBut for those uncomfortable with buying bitcoin on an exchange and storing it in a wallet, there wasn’t really any other way of getting exposure to the asset class. The U.S. Securities and Exchange Commission, still, as of mid-2022, hasn’t approved a bitcoin exchange-traded fund. While bitcoin ETFsbegan trading in Torontoin April of 2021, not every brokerage in the U.S. can access the Toronto stock exchange.\nSo the idea of the bitcoin macro proxy was born. These are stocks of a company that has exposure to bitcoin and would allow the trader to realize some of bitcoin’s gains without holding the actual asset.\nIn theory, this is different from companies that are directly involved in the bitcoin industry like miners or payment processors. These firms would need to have bitcoin on the balance sheet for its utility. Abitcoin proxywould have it on the balance sheet for financial gain.\nTesla and MicroStrategy (MSTR) are examples of these proxies. Unlike Block (SQ), theentity formerly known as Square, which is also publicly listed, Tesla and MicroStrategy have no practical use for bitcoin.\nFor a while, Tesla offered U.S. consumers the option to purchase a vehicle with bitcoin. It\'s not clear if anyone took the carmaker up on its offer partially because of thecomplexity of payment but also the unclear tax implicationsof liquidating bitcoin for a purchase.\nSo without a practical use for bitcoin, and theimpairment costs skyrocketing, Tesla jettisoned $936 million of it (75%) during the last quarter. Company executives cited liquidity concerns as the reason, as sales in China have ground to a halt due to the country’s strict COVID-19 measures.\nBut this reason is a non-starter as institutional-grade crypto lending services, like Gemini Prime, could have easily fulfilled an order for a few hundred million dollars-for-bitcoin. That’s if Tesla actually believes in the longevity of bitcoin.\nAnd for those who bought Tesla as a bitcoin proxy instead of the coin itself, they would have outperformed crypto. Year to date, bitcoin is down around 50%. Tesla, only down 38%.\nRemarkable for a company that at one time in 2021made more moneyon its bitcoin investment than from selling cars.\n8:30 a.m. HKT/SGT(12:30 a.m. UTC):Jibun Bank manufacturing PMI(July preliminary)\n8:30 a.m. HKT/SGT(12:30 a.m. UTC):Jibun Bank bank services PMI(July preliminary)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin, Altcoins Dip as ECB Raises Rates 50 Basis Points, First Hike in 11 Years\nFollowing the European Central Bank\'s decision to raise interest rates higher than expected to fight inflation, "First Mover" examined the impact on crypto markets. JJ Kinahan, CEO of IG North America, joined the markets discussion. Also, the latest on South Korea\'s raids on crypto exchanges. Ki Young Ju, CEO of CryptoQuant, joined the show from South Korea. Plus, Marathon Digital (MARA0 CEO Fred Thiel discussed how the bitcoin mining giant and the overall mining sector are doing.\nTesla\'s Musk Remains Open to Buying More Bitcoin After Selling in Q2 to Raise Cash:Tesla CEO Elon Musk said the EV company could add to its bitcoin position again in the future, but wanted to boost its cash position.\nBank of America Survey\'s Extreme Pessimism Might Be Contrarian Indicator:Bank of America\'s monthly fund manager survey, conducted between July 8 and July 15, shows dire levels of investor pessimism and increased preference for cash.\nEx-Coinbase Manager Among 3 Arrested on Crypto Insider Trading Charges:The SEC also brought charges.\nWhat Tesla’s Big Bitcoin Sale Means for Other Firms Putting Crypto on Their Balance Sheets:Corporations are likely to remain cautious on adding bitcoin to their corporate treasuries, but not because of Tesla’s move.\nZipmex Confirms Loans Worth $53M to Babel and Celsius:CoinDesk reported Wednesday that the exchange\'s financial difficulties link back to crypto lender Babel Finance.\nIs the Ethereum ‘Merge’ Driving This Rally?:A proposed date for the transition from a proof-of-work to proof-of-stake protocol signaled a return of optimism to crypto markets.\nOther voices:Market Rout Shows Dangers of Margin Lending, Crypto Style(The Wall Street Journal)\n"Firstly, I would like to sincerely apologize for the panic that has been created by the sudden announcement of us pausing withdrawals. I understand that many of you are concerned and rightly so. I would like to be completely transparent with all of you who have put your faith in Zipmex, whether you’ve been a customer for a long time, or only just started with us recently. We’ve been facing some liquidity issues with counterparties that Zipmex had assets with. The tokens affected are BTC, ETH, USDC and USDT that were specifically in ZipUp+. As such we had to halt withdrawals while we recoup the rest of our funds. Regulators have been informed and are aware of our movements, as well as our investors." (Email to Zipmex customers) ... "If you sell 75% of your bitcoin, you will only have 25% of your#bitcoinleft." (MicroStrategy CEO Michael Saylor)', 'Good morning. Here’s what’s happening: Prices: Bitcoin trades sideways to hold above $23K; altcoins surge. Insights: Tesla\'s jettisoning of $936 million in BTC suggests it does not really believe in the as Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-07-22 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $440,233,451,044 - Hash Rate: 181711862.6387281 - Transaction Count: 263276.0 - Unique Addresses: 650694.0 Social & AI Sentiment: - Fear & Greed Index: 0.33 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Don't miss CoinDesk's Consensus 2022 , the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12. El Salvadors bitcoin ( BTC ) holdings are now valued at $51.5 million, worth about half of the $104 million the country has invested in the cryptocurrency for its treasury in the 10 months since it made bitcoin legal tender last September. Bitcoins price at press time was $22,400. President Nayib Bukele has announced 10 purchases of bitcoin since September 2021, with the country at last check holding 2,301 bitcoins acquired at an average price of $45,171 each. The countrys most recent buy was on May 9 , when Bukele stepped in front of bitcoins decline then to purchase 500 coins for $15.3 million, or an average price of $30,744 each. Bukele, to this point, hasn't announced any purchases during the plunge of the past few days. On Monday, El Salvador Finance Minister Alejandro Zelaya said the bitcoin losses posed extremely minimal risk to his countrys fiscal position, noting the amount is less than 0.5% of the government's budget. He also is that any loss for now is unrealized because the country hasnt sold any of its coins.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin Balloon 2 Andriy Onufriyenko Some minority investors say crypto is still an important investment even after this year\'s big crash. According to a survey, 25% of Black investors own cryptocurrency compared to 15% of white investors. Experts have expressed concern around minority investors\' exposure to risks in the crypto market. In 2013, as crypto was creeping into the mainstream, Cleve Mesidor was working as an appointee in the Obama administration\'s Department of Commerce. As a favor to a friend, Mesidor helped pen a press release about bitcoin. Though fairly uninterested and unimpressed at the time, in just a few years Mesidor would find herself steeped in the world of crypto, quitting her job to become a full time representative of the industry and a committed investor. The awakening to the world of crypto came a few years after Mesidor helped with her friend\'s press release, when she watched "Dope" , a movie about a group of Black teenagers who use bitcoin to thwart a financial criminal. The film, she said, sparked a vision in her mind of crypto as a path to racial equity,\xa0a tool for people who had been either accidentally or deliberately left out of the traditional financial system. That kind of awakening is a common experience for minority investors who say they\'re bullish on crypto — and who continue to hold even as the market suffers through a steep sell-off this year. The losses, they say, are inconsequential to the overall objective of the project, with tokens like bitcoin and ethereum providing a sense of freedom, and the potential to level the playing field with those who have never experienced discrimination from lenders or bankers. Jacob Faber, an NYU professor and an expert in social inequality, told Insider that the perspective of people like Mesidor was likely a result of a long history of discrimination in the financial system, with well documented evidence of bias in everything from opening bank accounts to getting a mortgage to getting a loan to start a business. Story continues A survey by Ariel Investments and Charles Schwab released in April showed 28% of Black Americans say they distrust banks, compared to just 18% of White Americans. 56% also reported not feeling respected by financial institutions — something Mesidor can relate to. She recalled experiences of her and her family having loan applications denied or being treated poorly by bank employees. "I wasn\'t even taken seriously. You know, when somebody is just like, \'why are you wasting my time?\'" Mesidor said. "Get a degree. We did that. Get a good paying job with benefits, did that. And still it\'s not enough." The result over time has been that many Black and minority investors are either locked out or shy away from traditional investment opportunities that may be offered to white investors, and possibly lured by decentralized (and often riskier) investments. Only 34% of Black Americans own stocks compared to 61% of white Americans, according to the Federal Reserve Board, but that ratio is flipped when it comes to cryptocurrency. Among Black investors, 25% own crypto compared to just 15% of white investors, Ariel and Charles Schwab reported. That also means that Black investors may have more significant exposure to 2022\'s crypto crash, which has slashed the total market value by about $2 trillion since last November and sent bitcoin tumbling from $69,000 to just over $20,000. But Mesidor feels the trend towards digital assets is only natural for Black investors. "If traditional finance has worked for you, you see crypto as risky. You see it as speculative. For those of us who have been locked out, traditional finance is risky," she said. "Asking for a loan is risky. You know the answer, right?" Crypto has been touted as an egalitarian form of finance, away from banks and their conscious or unconscious biases. It\'s the beauty of what Mesidor refers to as "self-sovereign identity" — you don\'t need government attention to build the same wealth as your peers. Yet, others are more skeptical. "The proliferation of cryptocurrencies and non-fungible assets has become a kind of Ponzi scheme," NYU\'s Faber said of the trend, adding that any aspirations toward racial equity disguised the industry\'s risks, which could in fact further erode minority wealth. "The idea that this can be a democratizing currency is not supported by the facts at all," Faber said. And yet, Black investors are still twice as likely to say crypto is their best investment option, according to Ariel and Charles Schwab. After years of research, Mesidor ended a career in politics and dove into crypto full-time in 2017 as head of her non-profit Blockchain Foundation. She is unfazed by bitcoin\'s plunge, noting that this isn\'t her first crypto winter, but her third. "We\'ve learned that get-rich-quick schemes in this society rarely benefit us," Mesidor said. "This is not about, \'oh my god, the price of crypto\'. It\'s about building products and services, breaking down barriers, creating access for people." She says she is in the market for the long haul, and among thousands of tokens, she\'s bullish on the biggest. "I think bitcoin is my north star in terms of crypto," Mesidor said. Read the original article on Business Insider', "The bear market that’s hitting all corners of the digital assets industry isn't over yet and could see some more pain over the next few quarters, according to crypto-focused bank Silvergate Capital (SI).\nThe crypto sector may still experience a few areas of pain for some exchanges and crypto funds over the next few quarters, “but at some point all of that will be done, and then we'll just be waiting for what's the next catalyst,” CEO and former TradFi banker Alan Lane told CoinDesk in an interview.\nHowever, investors shouldn’t compare the current crypto price slide to previous ones given the broader global economic reset as digital assets have fallen with macro trends including rising rates and inflationary pressures, Lane said.\nShares of Silvergate are down 42% this year, though they’ve jumped 33% over the last week. The VanEck Digital Transformation Exchange-Traded Fund (DAPP), which holds a basket of various crypto stocks including exchange Coinbase (COIN) and miner Marathon Digital (MARA), has fallen 67% this year, but risen 15% over the last week. Rising rates and recession fears have hurt global equity markets, especially stocks deemed to be riskier. The tech-heavy Nasdaq Composite Index has retreated about 25% year to date.\nGiven the crypto downturn,analysts anticipatea weak quarter for various crypto companies from exchanges to miners, but Silvergate’ssecond-quarter earningsbucked the trend.\nThe Silvergate Exchange Network (SEN), a fiat on-ramp forbitcoin(BTC) markets, posted a 34% rise in U.S. dollar transfers during the second quarter compared to last year, while net income rose 85% year over year.\nLane said the way Silvergate avoided the pitfalls of the bear market is by sticking to what the bank knows best and by not chasing FOMO. “We really try to stay in our lane and not chase the latest fad, but really just focus on what we do well, and essentially just solving problems for our customers,” Lane said.\nInvestment bank Canaccord Genuity thinks risk management was a key contributor to Silvergate’s positive earnings results. “What perhaps was the biggest long-term positive for the story was a risk management program that resulted in no loan writedowns, despite significant crypto spot price volatility and some default contagion across the broader ecosystem,” Canaccord equity research analyst Joe Vafi said in a note to clients.\nVafi also expects Silvergate to double its earnings over the next few years given various growth drivers that the company is embarking on. He rates the stock with a buy and $200 price target; shares closed at $86.50 apiece on Friday.\nAmid the recent collapses of several over-leveraged crypto-linked financial institutions, Lane remains positive on using bitcoin for its lending program.\n“We're absolutely still interested in lending against bitcoin,” Lane said. “We believe that is some of the best lending we've ever done, and we want to continue to grow that.”\nMost recently, Silvergate utilized its SEN Leverage program in a$205 million term loan to Michael Saylor’s MicroStrategy(MSTR) so the business intelligence firm could purchase more bitcoin.\nLane said the lending platform was built with the acknowledgement it would come with volatility, and says the recent crypto rout was a good stress test for Silvergate to show it can withstand volatility in its lending business model.\nCertain lenders that have had problems included those offering clients unsecured or under-collateralized loans, while Silvergate requires over-collateralization, according to Lane. If market headwinds persist, a borrower can pay down its loan, pledge more bitcoin or Silvergate can make the decision to liquidate some bitcoin on one’s behalf if necessary.\nIn January, Silvergatebought the technology and other assets from Diem, the stablecoin project from Meta Platforms (formerly Facebook) first announced as Libra back in June 2019.\n“While details remain few, the assets acquired from Diem do indeed provide a solid platform for a stablecoin for e-commerce, and we cannot but believe that demand both from payments platforms and merchants could be strong over time,” Canaccord’s Vafi added in his note to clients.\nSilvergate said on its earnings conference call that its stablecoin launch remains on track for this year.\nRead more:Silvergate's Acquisition of Diem's Assets Positive for Stablecoin Launch, Analysts Say", "The bear market that\x92s hitting all corners of the digital assets industry isn't over yet and could see some more pain over the next few quarters, according to crypto-focused bank Silvergate Capital (SI). The crypto sector may still experience a few areas of pain for some exchanges and crypto f Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-07-23 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $438,302,758,969 - Hash Rate: 211997173.07851613 - Transaction Count: 223744.0 - Unique Addresses: 572761.0 Social & AI Sentiment: - Fear & Greed Index: 0.31 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Key Insights: Going into the US session, market focus on Fed Chair Powell’s first day of testimony weighed on riskier assets. Powell’s testimony and the Q&A delivered riskier assets and the crypto market with brief support. Technical indicators are bearish, with bitcoin sitting below the 50-day EMA. Following a modest 0.72% gain on Tuesday, bitcoin ( BTC ) was under pressure through the morning session. Market angst weighed on riskier assets, with the fear of a global recession weighing ahead of today’s Fed Chair Powell testimony. Through the morning session, BTC slid by 3.63% to a morning low of $19,947 before making a move. Across the crypto market, the mood aligned with the NASDAQ 100 and WTI crude oil. Sentiment improved, however, through Powell’s testimony, with the NASDAQ 100 and bitcoin hitting day highs before easing back. Fed Chair Powell delivered brief market relief, despite the Fed’s commitment to bring inflation back to 2%, which pegged bitcoin back from a return to $21,000. BTC-NASDAQ 220622b 5-Minute Chart Fed Chair Powell Testimony Delivered Support to Riskier Assets In line with market expectations, Fed Chair Powell discussed the need to continue hiking rates to bring inflation back to target. According to FX Empire , Powell noted , “We anticipate that ongoing rate increases will be appropriate; the pace of those changes will continue to depend on the incoming data and the evolving outlook for the economy.” For riskier assets, Powell’s reference to the influence of incoming data and the economic outlook on the Fed interest rate path eased immediate concerns of a hard landing. However, support for riskier assets was brief, with the FOMC projecting a Fed Funds Rate of 3.8% for 2023. Bitcoin (BTC) Price Action At the time of writing, BTC was up 0.54% to $20,811. A bearish morning saw BTC fall to a low of $19,947. BTC briefly fell through the First Major Support Level at $20,124 to test support at $20,000 before striking a high of $20,857. BTCUSD 220622b Daily Chart BTC Technical Indicators A move through the $20,912 pivot would bring the First Major Resistance Level at $21,484 and the Tuesday high of $21,695 into play. Story continues BTC would need plenty of support for a return to $21,000. An extended rally would test the Second Major Resistance Level at $22,266 and resistance at $22,500. The Third Major Resistance Level sits at $23,623. Failure to move through the pivot would bring the First Major Support Level at $20,129 back into play. In the event of another extended sell-off, bitcoin could test the Second Major Support Level at $19,553 and support at $19,000. The Third Major Support Level sits at $18,199. BTCUSD 220622b Hourly Chart Looking at the EMAs and the 4-hourly candlestick chart (below), it is a bearish signal. Bitcoin sits below the 50-day EMA, currently at $21,415. Today, the 50-day EMA fell back from the 100-day EMA. The 100-day EMA eased back from the 100-day EMA, bitcoin price negative. The bitcoin pullback from the 50-day EMA on Tuesday brought $20,000 support back into play. A move through the 50-day EMA would give the bulls a look at $22,500. BTCUSD 220622b 4 Hourly Chart This article was originally posted on FX Empire More From FXEMPIRE: Wall Street ends little changed after Powell remarks Twitter tests long-form text feature called ‘Notes’ Explainer-Biden’s U.S. fuel tax holiday plan no easy relief for gas prices Russian troops ‘executed’ photographer in Ukraine, press group says Wildfire in southwest Turkey whipped up by wind and heat Latest meme stock Revlon surges more than 50% in heavy trading... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["Welcome back to Chain Reaction. Last week, we looked at a crossover episode for meme investing. This week, we're talking about Musk dumping tokens while holding onto others. You can get this newsletter in your inbox every week by subscribing on TechCrunch's newsletter page. Dumping favor A weekly dispatch from the desk of TechCrunch crypto editor Lucas Matney : Elon Musk shared that Tesla sold some Bitcoin this week. Well, to be fair they sold an awful lot of Bitcoin … tens of thousands of coins. And while Tesla's announcement last year that they were buying Bitcoin sent prices to the moon, the disclosure Wednesday that they sold 75% of their Bitcoin reserves in Q2 didn't drastically impact the crypto market, which has been on a tear this week with BTC prices pumping and Ethereum shooting even higher (though still wildly below prices from a couple months ago). At the end of the day, Tesla was one of the top corporate holders of Bitcoin and Elon Musk was, for a while at least, the currency's top billionaire hype man. His stock in crypto circles seems to be falling; crypto Twitter was broadly upset by the announcement with some noting that crypto holders should join those shorting the electric car maker's stock. Hidden inside this disclosure that the company had offloaded nearly $1 billion worth of Bitcoin was a small admission from Musk that Tesla was holding onto Dogecoin and had not sold any of it. What was unclear from this statement is how much Dogecoin Tesla actually owns. Musk has written on Twitter that he owns it, and Tesla has accepted Dogecoin payments for merchandise on its site for months, but they haven't disclosed any buys of the cryptocurrency. I tried to do some napkin math on how much Dogecoin the company may hold this week: The company disclosed that it currently owns $218 million worth of digital assets after selling $963 million worth of Bitcoin. The bulk of that $218 million is likely its remaining Bitcoin. Tesla reportedly had around 42,000 Bitcoin heading into the second quarter, so after selling 75% of them, it should have had around 10,500 at the end of the quarter. Now, to determine exactly how much of that total holding is Bitcoin, we’d have to know exactly when the snapshot was taken. It was assumedly taken sometime the last day of June when fiscal Q2 ended, so 1 Bitcoin would have been trading for between $18,750 and $20,300 throughout the day, which at 10,500 coins would mean that around $197 million to $213 million of its total “digital assets” would be in Bitcoin. Story continues Ultimately, Musk's assertion that Tesla was holding onto its Dogecoin was probably more about keeping in the good graces of that Twitter community that anything else, especially during a time when his Twitter dealings have taken some digs at his popularity among retail investors. Elon Musk discloses that Tesla owns Dogecoin, but how much does it have? the latest pod Chain Reaction has recapped plenty of negative news in the past month as token prices took a beating and web3 companies suffered as a result. The pain is far from over, but crypto prices did see a fairly substantial recovery this past week, with ETH up 45% week over week. Lucas and Anita talked about what might have driven the uptick, though they also had to talk through the much more unfortunate news of layoffs at OpenSea. Both co-hosts were hard at work this past week on two separate feature articles that relate to current crypto news, so they unpacked those on the show. Anita talked about her piece on intensifying competition between crypto exchanges for the U.S. market (and which is most likely to win), while Lucas shared his thoughts on Yuga Labs’ highly hyped Otherside metaverse video game as one of its very first players. Subscribe to Chain Reaction on Apple , Spotify or your alternative podcast platform of choice to keep up with us every week.a follow the money Where startup money is moving in the crypto world: Cryptography developer tools startup Sunscreen raised $4.65 million in seed funding led by Polychain. Optic , an AI-based NFT authenticator, raised $11 million in a seed round led by Kleiner Perkins and Pantera. Zebedee raised $35 million in a Series B round led by Kingsway Capital to develop Bitcoin-based game payments. Blockchain cybersecurity startup Halborn raised a $90 million Series A led by Summit Partners. UnCaged Studios raised $24 million from investors including Griffin Gaming Partners and 6th Man Ventures to build crypto games. NFT brand loyalty platform Hang banked $16 million in new Series A funding led by crypto venture firm Paradigm. Peer-to-peer wallet messaging app Lines raised a $4 million seed round from investors including Elad Gil and Scalar Capital. Crypto corporate treasury company Meow closed a $22 Million Series A led by Tiger Global. Data infrastructure provider Empiric Network raised $7 million for its seed round from investors including Variant and Alameda Research. Web3 security auditor Secure3 raised a $5 million seed round led by Mirana Ventures. Gaming-focused UnCaged Studios raises $24M to build good crypto games the week in web3 A weekly window into the thoughts of web3 reporter Anita Ramaswamy : More than a few times recently, I’ve heard people in crypto say a bear market will separate the good companies from the bad ones. Former SEC Chairman Jay Clayton put it more directly at Bloomberg’s crypto summit on Tuesday, saying regulators should make responding to the “garbage” going on in web3 their first priority . Clayton invoked the 2017 ICO boom when describing the aforementioned garbage, a time during which all sorts of rampant scammery and securities fraud was unfolding within crypto. I couldn’t help but wonder … has crypto made any material progress since then in improving its reputation as a refuge for miscreants? For U.S. lawmakers, the answer seems to be “yes,” perhaps because they are loathe to stifle what’s proven to be a substantially large industry worth millions (or billions in a strong market) of dollars. So despite their sluggishness, they are finally coming around. Specifically, U.S. Senators Cynthia Lummis and Kirsten Gillibrand proposed a bipartisan crypto bill last month that has been on everyone’s lips. The pair made an appearance at the Bloomberg summit to share updates on the bill’s status since it was introduced. Gillibrand shared that while certain provisions look set to move forward, the entirety of the legislation is likely to be deferred to next year. Still, there are two provisions in the bill Gillibrand predicted could garner consensus much sooner than the rest. The first is a set of rules for banks looking to issue stablecoins – it’s understandable that those are an area of particular concern for lawmakers after the Terra fiasco. The second is the portion of the bill that would make the CFTC the key regulatory authority overseeing crypto, which she said is currently being finalized in committee. Congress will be able to vote on that provision by the end of the year, she noted. While U.S. lawmakers and regulators alike will probably always drag their feet in cracking down on crypto because they don’t want to be seen as stifling innovation, the new bill seems to be moving right along, faster than many expected. It’s not exactly a sudden 0 to 100 shift, but it’s very possible the U.S. is on the brink of a faster and more furious regulatory response than most in web3 could imagine just a few months ago when the markets were in better straits. Regulators should address crypto ‘garbage’ first, former SEC Chairman Clayton says TC+ analysis Here's some of this week's crypto analysis available on our subscription service TC+ from senior reporter Jacquelyn Melinek : Regulators should address crypto ‘garbage’ first, former SEC Chairman Clayton says As the crypto industry continues to grow, regulators across the world are looking for operational and legal frameworks to guide their actions to more effectively monitor the industry. While there’s a “tremendous number of responsible players in the industry” there are also irresponsible ones, former U.S. SEC chairman Jay Clayton said during the Bloomberg Crypto Summit conference on Tuesday. “And regulators have to respond to the garbage first. That’s the job.” NFTs have the potential to become media companies, Rarible co-founder says As NFTs work to retain mainstream attention, one founder predicts the digital asset sector will pivot in a new direction. “I think NFT collections will evolve as media companies [into something] like Disney,” Alex Salnikov, co-founder and head of product at NFT marketplace Rarible, said to TechCrunch. In recent months, major “blue-chip” NFT projects like Bored Ape Yacht Club (BAYC) and Doodles propelled their collections beyond just images and into different sectors, which may be the beginning of what’s in store for NFT expansion into the mainstream, Salnikov said. Some venture investors are doubling down on crypto despite an unknown recovery timeline The crypto markets might be red all over, but that isn’t stopping many venture capitalists from investing in the space. People who entered the crypto market briefly — aka tourists — are “already going home,” Craig Burel, partner at crypto-focused firm Reciprocal Ventures, joked to TechCrunch. But a number of VC firms are looking at the space as a huge opportunity, even though there might not be measurable traction for a number of years. MetaMask co-founder sees a developer-led future for its crypto wallet Six years ago, MetaMask was founded and today it’s the largest non-custodial crypto wallet. But that wasn’t always the plan, co-founder Dan Finlay told TechCrunch. “We thought it was going to be a quick in-and-out thing. Aaron thought we’d be working on it for a few weeks; I thought it would be a few months. It became clear pretty quickly that wasn’t the case.” Now, the team is testing out a hands-off approach to be “less opinionated” and get out of us Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-07-24 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $435,357,812,869 - Hash Rate: 216126988.1384872 - Transaction Count: 199919.0 - Unique Addresses: 531268.0 Social & AI Sentiment: - Fear & Greed Index: 0.30 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Intel(NASDAQ:INTC) stock recently hit a new 52-week low as tech stocks have been hit hard due to a gloomy market outlook. Most high-beta technology stocks have plummeted recently due to a fear of yield curve inversion, which is a leading recession indicator. In addition, risk-aversion is causing all kinds of problems, causing many new market participants to run for the hills as a bear market emerges, subsequently causing the market to overshoot to the downside. Despite the troubled market sentiment, many technology stocks are oversold, including Intel. I’ve had a thorough look at INTC stock’s prospects, leading me to think that it’s a must-own at its current price. Here’s why. [] InvestorPlace - Stock Market News, Stock Advice & Trading Tips Global semiconductor demand is still growing strongly. The industry’s latest top-line data reveals a 21% year-over-year increase in April sales.According toSemiconductor Industry Association CEO John Neuffer, “global semiconductor sales have increased by more than 20% on a year-to-year basis for 13 consecutive months, indicating consistently high and growing demand for semiconductors across a range of critical sectors.” Although supply-chain issues persist, Intel owns a solid market position, as indicated by its gross margin of54.32%and its return on invested capital of8.67%. Solid market positioning gives the firm bargaining power over its suppliers, which could see it survive transitory supply-chain hurdles. Furthermore, Intel exhibits high-quality commercial prospects. INTC still holds63.5%of the central processing unit (CPU) market share. Despite the abrupt growth of the graphics processing unit (GPU) market, CPUs still represent a market that’s10 times larger. Furthermore, CPUs have garnered renewed attention lately due to their application in artificial neural networks. The company recently beat its first-quarter earnings target by8 cents per shareamid achieving key production milestones and product delivery goals. During the quarter, data center sales continued to rise, posting22% year-over-year growth, network and edge group sales increased by 23%, and Intel’s foundry service revenue more than doubled to $283 million. Intel stock is undervalued after droppingmore than 28%since the turn of the year. I decided to utilize a relative valuation approach in my analysis, which accounts for mean reversion. Firstly, INTC stock’s price-to-earnings ratio is at a33%discount to its 5-year average, suggesting that its earnings per share prospects are underpriced by the market. Moreover, INTC’s price-to-earnings ratio is at a peer group discount of 53%, implying that it’s a significantly overlooked stock. Another factor that could support INTC stock from here onwards is its dividend profile. The stock sports a forward dividend yield of3.9%with a dividend coverage ratio of4.3%,conveying that INTC is a top-class dividend stock pick. Flimsy markets stimulate demand for high-dividend stocks as investors flee risk-on assets. For example, high-dividend stocks have outperformed theS&P 500on a relative basis in the past year, conveying investors’ “guaranteed yield-seeking” attitude during trying economic times. Thus, the current market environment could be suitable for Intel stock. Source: KoyFin Chart Courtesy ofKoyfin Intel stock is undervalued at its current price. The company owns a solid market share, exhibits attractive dividend properties, and provides innovative solutions. In addition, the market’s overreaction to a possible recession has left the stock oversold at a relative strength (RSI) of a mere30, suggesting that a lucrative entry point has presented itself. On the date of publication, Steve Booyens held an indirect long position in INTC. The opinions expressed in this article are those of the writer, subject to theInvestorPlace.comPublishing Guidelines. • $200 Oil Sooner Than You Think – Buy This Now • Stock Prodigy Who Found NIO at $2… Says Buy THIS • Early Bitcoin Millionaire Reveals His Next Big Crypto Trade “On Air” • It doesn’t matter if you have $500 in savings or $5 million. Do this now. The postIntel Stock Is an Undervalued Buy at Its 52-Week Lowappeared first onInvestorPlace.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening:\nPrices:Bitcoin trades sideways on Sunday but drops below $22.4K.\nInsights:Crypto exchange Coinbase\'s shares have plunged this year, but several institutional investors have been snapping up shares.\nCatch the latest episodes ofCoinDesk TVfor insightful interviews with crypto industry leaders and analysis. Andsign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context.\nBitcoin (BTC):$22,318 -1%\nEther (ETH):$1,560 -0.3%\n[{"Asset": "Chainlink", "Ticker": "LINK", "Returns": "+0.0%", "DACS Sector": "Computing"}]\n[{"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22127.1%", "DACS Sector": "Entertainment"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22125.7%", "DACS Sector": "Entertainment"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22125.4%", "DACS Sector": "Smart Contract Platform"}]\nBitcoin Falls Below $22.4K; Other Cryptos Drop\nBitcoin traded sideways on Sunday to fall below $22,400, well off mid-week highs.\nThe largest cryptocurrency by market capitalization was recently trading around $22,300, down a percentage point over the previous 24 hours. Bitcoin had reached a more than one-month high on Wednesday, cracking $24,000, and was still trading comfortably over $23,000 early Friday before investors revisited their anxieties over inflation and the economy to back away from riskier assets.\nEther, the second-largest crypto by market cap, was trading at $1,560, also down slightly for the same period. Other cryptos were largely in the red, with YGG and AXS both off more than 7%. The crypto Fear & Greed Index has improved over the past two weeks, but remains in fear territory, reflecting deep concerns about conditions potentially affecting crypto.\nTo be sure, market observers have viewed bitcoin\'s recent tenacity above $22,000 positively amid an unexpectedly high consumer price index (CPI) this month, slowing economic indicators and poor earnings. But crypto markets this week also struggled to make sense of Tesla\'s (TSLA) decision to jettison $936 million of its bitcoin holdings, the latest pivot in company founder and crypto influencer Elon Musk\'s ever-changing relationship with digital assets. Bitcoin has increasingly responded to the wider environment, including stock prices, which have plummeted this year.\n"BTC did see some positive price action following its resilience, post the CPI data earlier this month," wrote Joe DiPasquale, the CEO of crypto fund manager BitBull Capital, in an email to CoinDesk. "The fact that news of Tesla selling its BTC holdings did not crash the price is also a positive sign for the bulls.\nFOMC meeting\nInvestors will now be eyeing this week\'s interest rate decision by the U.S. central bank\'s Federal Open Market Committee (FOMC). The FOMC is widely expected to approve a 75-basis point hike, robust enough to satisfy critics of Federal Reserve timidity in tackling inflation but reasonable enough to encourage those who prefer a more moderate approach that is less likely to spur a steep recession and affect assets.\n"With this month\'s FOMC around the corner, we will be taking a conservative approach until the Fed\'s future direction becomes clearer," DiPasquale wrote.\nCrypto declines tracked major equity indexes on Friday as the tech-heavy Nasdaq fell nearly 2% and the S&P 500, which has a heavy tech component, dropped almost a percentage point. Stocks, like cryptos though, had their best week in a while after months of losses. Gold rose slightly, although it has also steadily fallen from March highs over $2,000.\nIn a weekly review to investors, First Republic Bank noted weakening in the once-hot housing market, a sign that rising interest rates may finally taking a bite from demand. The National Association of Home Builders index dropped for a seventh straight month. U.S. housing starts in June were also unexpectedly weak, among other falling indicators.\nThree Arrows Capital\nMeanwhile, the founders of insolvent crypto hedge fund Three Arrows Capital, Su Zhu and Kyle Davies,describedthe firm\'s collapse as "regrettable," but denied claims they pulled money from the fund before its collapse, according to Bloomberg report. Three Arrows\' implosion stemmed from the fall Terra ecosystem that has rippled through the industry since May. Investors are claiming Three Arrows still owes them $2.8 billion.\nYet in a report,banking giant Citi saidthat crypto contagion fears tied to recent events, including digital asset lending platform Celsius\' failing, have peaked. Staked ether’s discount to ether (ETH) has narrowed, which suggests some liquidity stress may have passed, the report said, adding that the “acute deleveraging phase” has now ended given many of the large brokers and market makers in the sector have disclosed their exposures. In a further positive sign, stablecoin outflows have been stemmed, the bank said, and outflows from crypto exchange-traded funds (ETF) have also stabilized in recent weeks.\nDiPasquale wrote that "if the Fed remains aggressive" with rate hikes, "we could easily see BTC return to $20,000 or lower." But he added optimistically that "accumulation in that range could be a promising long-term opportunity."\nS&P 500: 3,961 -0.9%\nDJIA: 31,899 -0.4%\nNasdaq: 11,834 -1.8%\nGold: $1,727 +0.4\nCoinbase\'s Enduring Allure Among Institutional Investors\nCoinbase’s stock is down nearly 70% on the year, outpacing the declines of bitcoin. While many funds have used the onset of the bear market to reduce their stake in the exchange, there are also many institutional investors that have used the chance to acquire shares for what they perceive as a discount.\nAccording todata compiled by Whale Wisdom, which tracks quarterly filings of the form 13F that discloses fund managers’ new investments, Cathie Wood’s Ark Invest, exchange-traded fund issuer Exchange Traded Concepts, Cullinan Associates and Utah-based Refined Wealth Management all significantly added COIN to their portfolios as per filings dated June 30.\nArk Invest’s Wood has been along-time Coinbase bull, highlighting in May that the U.S.-based exchange had no exposure to either the terraUSD (UST) stablecoin or the luna (LUNA) token.\n“Given its inherent profitability, competitive position and massive opportunities, we believe the company is right to focus on investing in its derivatives offerings, [non-fungible token] platform and international expansion,” Wood wrote in a note outlining her bullish thesis on the company.\n2.6 million shares\nWhale Wisdom data shows that all firms that filed a 13F by June 30 collectively bought 2.6 million shares.\nThe Wall Street Journal said that14 analysts it polled gave Coinbase a buy option for retail investors while nine gave it a hold, and two ranked it a sell.\nThe average stock target price from the polled analysts is $106.05, which would give it a $23 billion market cap.\nBefore the company did its initial public offering last year, its pre-IPO contracts weretrading as highas $317, which would give the exchange a valuation of over $75 billion. Its currentmarket capis just under $20 billion. Even under the most conservative appraisals, there’s room to grow.\nAustralia new home sales\n8:30 p.m. HKT/SGT(12:30 p.m. UTC):Chicago Fed national activity index(June)\n10:30 p.m. HKT/SGT(2:30 p.m. UTC):Dallas Fed manufacturing business index(June)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nThree Arrows Founders Break Their Silence; SEC Calls 9 Cryptos ‘Securities’ in Insider Trading Case\n"First Mover" dove into the biggest stories of the day. CoinDesk Indices Managing Director Jodie Gunzberg shared her insights as bitcoin (BTC) topped $23,000. Plus, former prosecutor Ian McGinley joined to discuss the fallout after a former Coinbase employee was arrested over allegations of crypto insider trading.\nSilvergate CEO Sees More Near-Term Pain for Crypto but Still Bullish on Bitcoin Lending:Silvergate posted strong second-quarter earnings, outperforming its crypto peers’ due to strong risk management.\nFTX to Offer Early Liquidity to Customers of Bankrupt Crypto Lender Voyager:The crypto exchange will allow the customers to create accounts funded by an early distribution of a part of their bankruptcy claims.\nBank of Central African States Urged to Introduce Common Digital Currency: Report:The regional bank is a staunch critic of the Central African Republic\'s decision to make bitcoin legal tender in April.\nNexo, Crypto Lender on Prowl for Ailing Rivals, Faces Declining Deposits:An analysis of crypto lender Nexo\'s attestations, including older data retrieved using the Wayback Machine, reveals just how much its deposits have declined in recent months.\nThree Arrows Capital Founders Say Terra, GBTC Trades Led to Fund Blowup: Report:“What we failed to realize was that luna was capable of falling to effectively zero,” Three Arrows Capital co-founder Su Zhu said.\nDoes Crypto Still Care About Elon Musk?:Tesla’s initial BTC purchase contributed to a wild, two-year price climb. But markets were unphased after the car company offloaded most of its bitcoin.\nOther voices:1. The many lives of cryptocurrency(Axios)\n"Tesla’s bitcoin sale, for all the caveats about freeing up cash, confirms what some of us knew all along: Elon Musk isn’t someone you should look to for guidance on cryptocurrency. He’s just a particularly loud, impulsive and unreliable follower." (CoinDesk columnist David Z. Morris) ... "We need to take this action to address the mismatch between our available assets and liabilities caused by the individual who breached his contract with us. It may take some time before we can recover funds owed to us in the litigation actions we are taking against this individual." (CoinFLEX blog)', 'Good morning. Here’s what’s happening: Prices: Bitcoin trades sideways on Sunday but drops below $22.4K. Insights: Crypto exchange Coin Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-07-25 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $417,819,722,400 - Hash Rate: 195477912.8386317 - Transaction Count: 253417.0 - Unique Addresses: 629329.0 Social & AI Sentiment: - Fear & Greed Index: 0.30 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: • Amid bitcoin's rise over the past two years, a number of companies added the crypto to their balance sheets. • But Bitcoin's 68% decline from its record high has created significant unrealized losses for those firms. • Here's how much unrealized losses Tesla, MicroStrategy, and Block have in their bitcoin position. Asbitcoinsurged to new heights over the past two years, companies led by digital asset enthusiasts began to add the highly volatile cryptocurrency to their balance sheets. Much of the rationale behind companies likeMicroStrategy,Tesla, andBlockinvesting in bitcoin was to protect against the threat of inflation, as some rightly expected that trillions of dollars of COVID-19 related stimulus would lead to higher prices for nearly everything. But while they got that part right, what they seemed to have gotten wrong is whether bitcoin would act as a solid hedge against inflation. Having fallen nearly 70% from its record high amid soaring inflation, it's safe to say that theory has been wrong. Bitcoin extended its losses to about $22,000 on Tuesday, as concerns towards the crypto space continue to grow following thefreeze of withdrawals from the Celsius Network. These companies still hold bitcoin on their balance sheet, and unrealized losses are beginning to pile up to more than $1 billion combined. The losses expose one of the big drawbacks of adding a highly volatile asset to a company's balance sheet, which is typically reserved for more stable assets like US dollars, property, and inventory, among other items. Here's an estimate of unrealized losses Tesla, MicroStrategy, and Block have in their bitcoin balance sheet position. 1. Block Bitcoin Owned: 8,027Average Cost: $27,407Estimated Unrealized Losses: $42.6 million 2. Tesla Estimated Bitcoin Owned: 42,000Average Cost: $31,620Estimated Unrealized Losses: $399.8 million 3. MicroStrategy Bitcoin Owned: 129,219Average Cost: $30,700Estimated Unrealized Losses: $1.1 billion Read the original article onBusiness Insider... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['By Tom Westbrook\nSINGAPORE, July 26 (Reuters) - The dollar wobbled around just below multi-decade peaks on Tuesday, as traders waited on a rate hike from the U.S. Federal Reserve and for any clues about whether hints of a slowing economy will prompt a shift away from its focus on inflation.\nThe euro inched up to $1.0235 but was hemmed in by uncertainty over Europe\'s energy security which is not helped by a looming cut in the westbound flow of Russian gas.\nThe yen steadied at 136.33 per dollar.\nThe Fed concludes a two-day meeting on Wednesday. Traders have been dialling back expectations as markets try and figure out if or when policymakers might pause their inflation-fighting efforts because there are signs the economy is starting to slow.\nFutures pricing points to a 75 basis point (bp) rate hike with a 10% risk of 100 bps.\n"I don\'t think the market\'s got a very good, confident feel that it\'s going to be one flavour of surprise or the other," said Imre Speizer, an analyst at Westpac in Auckland.\n"Which is enough to hold the dollar in place."\nThe U.S. dollar index was slightly lower at 106.320, but not too far below a 20-year high of 109.290 hit in mid July, as the greenback draws strength both from the expectation of U.S. rate rises and as a safe bet in a global slowdown.\nA profit warning from Walmart on Monday, which said customers were tightening their belts, was the latest sign that the going is getting tough, coming on the heels of a handful of softer-than-expected U.S. and European data prints.\nThe Australian and New Zealand dollars eked small gains overnight but progress was capped. The Aussie at $0.6959, was just below its 50-day moving average as traders waited for Wednesday\'s inflation data release.\nHeadline consumer prices are seen galloping at 6.2% year-on-year, the fastest pace in more than three decades.\n"There may be some slight upside for the Aussie, depending on the data," said analysts at ANZ Bank.\n"A 50bp hike from the (Reserve Bank of Australia) next week is all but a foregone conclusion – the main risk is for a larger hike," they said.\n"But this would require a very, very high CPI number, given that the RBA has more flexibility with its monthly meetings."\nA 50 bp hike is also seen as the most likely move from the Bank of England next week, though it is barely lending support to sterling. The pound inched 0.1% higher on Tuesday to $1.2065.\nElsewhere cryptocurrencies wound back last week\'s gains. Bitcoin sat at $21,100, its lowest since July 18. Ether also hit its lowest sine July 18 at $1,411.\n(Reporting by Tom Westbrook Editing by Shri Navaratnam)', 'By Tom Westbrook SINGAPORE, July 26 (Reuters) - The dollar wobbled around just below multi-decade peaks on Tuesday, as traders waited on a rate hike from the U.S. Federal Reserve and for any clues about whether hints of a slowing economy will prompt a shift away from its focus on inflation. The euro inched up to $1.0235 but was hemmed in by uncertainty over Europe\'s energy security which is not helped by a looming cut in the westbound flow of Russian gas. The yen steadied at 136.33 per dollar. The Fed concludes a two-day meeting on Wednesday. Traders have been dialling back expectations as markets try and figure out if or when policymakers might pause their inflation-fighting efforts because there are signs the economy is starting to slow. Futures pricing points to a 75 basis point (bp) rate hike with a 10% risk of 100 bps. "I don\'t think the market\'s got a very good, confident feel that it\'s going to be one flavour of surprise or the other," said Imre Speizer, an analyst at Westpac in Auckland. "Which is enough to hold the dollar in place." The U.S. dollar index was slightly lower at 106.320, but not too far below a 20-year high of 109.290 hit in mid July, as the greenback draws strength both from the expectation of U.S. rate rises and as a safe bet in a global slowdown. A profit warning from Walmart on Monday, which said customers were tightening their belts, was the latest sign that the going is getting tough, coming on the heels of a handful of softer-than-expected U.S. and European data prints. The Australian and New Zealand dollars eked small gains overnight but progress was capped. The Aussie at $0.6959, was just below its 50-day moving average as traders waited for Wednesday\'s inflation data release. Headline consumer prices are seen galloping at 6.2% year-on-year, the fastest pace in more than three decades. "There may be some slight upside for the Aussie, depending on the data," said analysts at ANZ Bank. Story continues "A 50bp hike from the (Reserve Bank of Australia) next week is all but a foregone conclusion – the main risk is for a larger hike," they said. "But this would require a very, very high CPI number, given that the RBA has more flexibility with its monthly meetings." A 50 bp hike is also seen as the most likely move from the Bank of England next week, though it is barely lending support to sterling. The pound inched 0.1% higher on Tuesday to $1.2065. Elsewhere cryptocurrencies wound back last week\'s gains. Bitcoin sat at $21,100, its lowest since July 18. Ether also hit its lowest sine July 18 at $1,411. (Reporting by Tom Westbrook Editing by Shri Navaratnam)', 'By Sinéad Carew\nNEW YORK (Reuters) - Wall Street equities fell and U.S. Treasuries rallied on Tuesday a day before a likely Federal Reserve rate hike as investors grappled with growing economic concerns after retail giant Walmart Inc\'s profit warning and signs of a looming gas supply crisis in Europe.\nThe bid for safety also boosted the U.S. dollar, which snapped a three-session losing streak, while the energy supply concerns weighed on the euro.\nEuropean Union leaders agreed to ration gas usage after Russian\'s Gazprom said gas flows to Germany would fall from Wednesday to half of the current amount - already at just 40% of normal capacity.\nU.S. equities fell with retail stocks after Walmart slashed its profit forecast late on Monday as surging prices for food and fuel spurred consumers to cut back on discretionary purchases. [.N]\nSince Walmart is seen as a "litmus test for the health of the consumer," Carol Schleif, deputy chief investment officer at BMO Family Office, said investors are concerned about growth and feeling uncertain ahead of key economic data due out this week and the Fed\'s interest rate decision expected on Wednesday.\n"This week is forcing investors to be very short-term oriented. It\'s not allowing anybody to lift their eyes up even a week or a month," Schleif said. "It\'s an asset market, not just in stocks, that seems to suggest people think growth is questionable in the intermediate term."\nInvestors are expecting a 75 basis point Fed rate increase on Wednesday, with markets pricing about a 10% risk of a larger hike, as well as waiting to see whether economic warning signs prompt a shift in rhetoric.\n"If they did 100 basis points it would probably surprise the market. There\'s that nervousness. If it\'s 75, as expected, and the Fed says it\'s starting to see hints of slowing, the market might take that as a positive," Schleif said.\nThe Dow Jones Industrial Average fell 228.5 points, or 0.71%, to 31,761.54, the S&P 500 lost 45.79 points, or 1.15%, to 3,921.05 and the Nasdaq Composite dropped 220.09 points, or 1.87%, to 11,562.58.\nThe pan-European STOXX 600 index closed down 0.03% and MSCI\'s gauge of stocks across the globe shed 0.92%.\nAdding to Tuesday\'s gloom was the International Monetary Fund forecast for global real GDP growth of 3.2% in 2022, down from its 3.6% forecast issued in April, with downside risks from high inflation and Russia\'s invasion of Ukraine potentially pushing the world economy to the brink of recession.\nThe gap between yields on two- and 10-year Treasury notes widened on Tuesday after more than two weeks when the short-end yield has been higher than the long end - often a recession signal.\nBenchmark 10-year notes last rose 5/32 in price to yield 2.8032%, from 2.82% late on Monday. The 30-year bond last rose 17/32 in price to yield 3.0227%, from 3.05%. The 2-year note last fell 2/32 in price to yield 3.0609%, from 3.035%.\n"The flight to quality makes sense if you\'re concerned about a meaningful slowdown in growth or even heightened recession fears in Europe because of volatility in energy supply," said Subadra Rajappa, head of U.S. rates strategy at Societe Generale. "Then you should see investors flock to Treasuries."\nThe dollar index rose 0.752%, with the euro down 1.04% to $1.0114. The Japanese yen weakened 0.15% versus the greenback at 136.90 per dollar, while Sterling was last trading at $1.2027, down 0.12% on the day.\nAfter rising earlier in the session, oil prices settled in the red as investors worried about weaker consumer confidence and the expectation that another 20 million barrels of crude oil would be released from the U.S Strategic Petroleum Reserve.\nPrices were supported earlier in the session on news that Russia was tightening its gas squeeze on Europe.\nU.S. crude settled down 1.78% at $94.98 per barrel and Brent settled at $104.40, down 0.71%.\nSpot gold dropped 0.1% to $1,716.98 an ounce as investors eyed economic uncertainties and waited on the Fed.\nBitcoin last fell 1.86% to $20,910.08.\n(Additional reporting by Herbert Lash in New York, Kane Wu in Hong Kong; Editing by Edmund Klamann, Angus MacSwan, Will Dunham and Mark Heinrich)', 'By Sinéad Carew NEW YORK (Reuters) - Wall Street equities fell and U.S. Treasuries rallied on Tuesday a day before a likely Federal Reserve rate hike as investors grappled with growing economic concerns after retail giant Walmart Inc\'s profit warning and signs of a looming gas supply crisis in Europe. The bid for safety also boosted the U.S. dollar, which snapped a three-session losing streak, while the energy supply concerns weighed on the euro. European Union leaders agreed to ration gas usage after Russian\'s Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-07-26 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $402,917,505,010 - Hash Rate: 220256803.1984584 - Transaction Count: 264861.0 - Unique Addresses: 655695.0 Social & AI Sentiment: - Fear & Greed Index: 0.26 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Don't miss CoinDesk's Consensus 2022 , the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12. The prolonged downturn in cryptocurrency prices, along with broader tech sector woes, has led to a growing number of layoffs at crypto firms as participants brace for a bumpier ride ahead. On Thursday, the Winklevoss-led crypto exchange and custodian Gemini was one of the latest to announce job cuts of about 10% of its workforce, with the firm citing “turbulent market conditions that are likely to persist for some time.” Soon after, Middle Eastern crypto exchange Rain Financial said it was cutting dozens of jobs due to the difficult market. On top of those pieces of news, the largest publicly traded U.S crypto exchange, Coinbase Global (COIN), reiterated on Thursday that it would be extending its previously announced hiring pause and even rescinding accepted job offers as part of cost-cutting maneuvers amid tough market conditions. "The recent market volatility and subsequent layoffs will likely continue into this summer,” predicted Masha Boone, vice president of people at non-fungible token (NFT) exchange Rarible. “However, it is important to recognize this as an opportunity to reflect on what is needed in the crypto space and reconsider where the industry is headed from here.” For her part, Boone told CoinDesk that Rarible was using the turmoil as an opportunity to strengthen its internal development and product teams. Exchanges hit particularly hard Cryptocurrency’s downturn has coincided with a rout in public stock markets, with interest rate hikes designed to tamp down inflation spooking investors in many high-flying technology and growth equities. Crypto exchanges that may have relied on retail traders during a time of excess liquidity in the system have seen significant slowdowns in trading. As a result, crypto exchanges have been among the quickest to cut jobs in the current environment. In addition to the moves by Gemini and Coinbase, Argentina-based crypto exchange Buenbit recently laid off 45% of its staff, top Latin American crypto exchange Bitso cut 80 employees out of its workforce of 700+ workers and the holding company for leading Brazilian exchange Mercado Bitcoin laid off over 80 employees . Story continues “It is natural that the exchanges, which are currently seeing lower volumes, are cutting back,” said George Sutton, an equity analyst with research firm Craig Hallum. “The beauty of this industry is there are a plethora of disruptive models in the digital currency and blockchain space to gladly hire any available talent. We view the volume declines as temporary,” Sutton told CoinDesk via email. Going forward, crypto companies with valid use cases and utility are the ones that will best survive, according to Nicholas Strange, founder of Seattle-based hiring firm Crypto Talent. Many crypto firms have been through downturns before and have become better at managing their treasuries, Strange told CoinDesk. Additionally, quarter-over-quarter venture capital funding remains at all-time highs, and certain VC firms may use this downturn to continue funding promising crypto-related projects, Strange said. Crypto companies raised a record $30 billion of venture capital last year, and the number of deals in the sector remains high despite the recent fall in cryptocurrency markets, Morgan Stanley told clients in a recent note . However, deal activity is likely to drop in the future, the investment bank noted. UPDATE (June 3, 13:18 UTC): Updated with information about layoffs at the holding company for Mercado Bitcoin.... - Reddit Posts (Sample): [['u/Potato-In-A-Jacket', 'Collaborating with fellow open and affirming subreddits!', 28, '2022-07-26 00:36', 'https://www.reddit.com/r/OpenChristian/comments/w82gjv/collaborating_with_fellow_open_and_affirming/', '(In case you missed the Rule 7 creation announcement, please check [this link](https://www.reddit.com/r/OpenChristian/comments/w39a6z/new_rule_think_twice_before_posting_triggering/) for more information - TL;DR, all potentially triggering content must have the NSFW label.)\n\nHey everyone! I have been wanting to do something like this for awhile now, and I finally sat down and wrote it out. Basically, with everything that is going on, I wanted to get together a list that is A) as comprehensive as possible, and B) a chance for sister subreddits with similar (or at least, relatively similar) viewpoints and stances that we have here. The idea is to grow our communities, and spread the good Word (also, to fellowship with other Christians that you may not have gotten to know otherwise)! Initially, I had wanted to include a list of "subs to avoid", however after speaking with another mod, I came to the conclusion that would be antithetical to how Christ wants us to be, and would only serve to besmirch them when we should be loving and uplifting one another. So, I want to make this list, and I would love for you to contribute to it as well! If you comment with a sub that you know of that is a Christian sub and is open and affirming (at the minimum), then I will add it here. Hopefully, we can all collaborate together, and really grow as one big family - the way it was always meant to be. Ok, I\'ve rambled long enough, so here are the subs I know of that are safe for our LGBT siblings, and would love to have you there!\n\n- r/ChristianAgnosticism ("Christian Agnosticism is a theological and philosophical outlook based in rationalist thought" - a very young sub, but one that is definitely deserving of some attention)\n- r/Teachings_Of_Jesus ("What did Jesus say about money, fear, respectability, and self-righteousness? Do you REALLY want to know?" another young sub that could use some love; their mission is also one that I personally find very interesting!!)\n- r/ChristianAnarchism ("Christian anarchism encompasses a wide range of views based around the intersection of Christianity and anarchism" - for all your God-fearing, anarchic needs!)\n- r/TransChristianity ("This subreddit is dedicated to providing a space by trans people and for transgender people to discuss, question, or complain about all things Christianity" - the perfect community for our trans siblings in Christ!)\n- r/GayChristians (“This subreddit exists to provide a place for gay Christian’s to come and discuss topics that are specific to us” - a community dedicated to our gay siblings!)\n- r/HereticChristianity (“Doubts do not invalidate your faith. Questions do not invalidate your faith. Uncertainties do not invalidate your faith.” What a tagline, and how incredibly true it is!)\n- r/Episcopalian (a sub dedicated to all things Episcopal church-related; to the best of my knowledge, this is a predominantly US only congregation, so if you’re outside the states and have a similar church denomination, I’ll happily add it to my list here. This denomination is well known for being very open and affirming in their faith.)\n- r/Quakers (“Quakers seek religious truth in inner experience, and place great reliance on conscience as the basis of morality”—basically, they don’t rely as heavily on a figure head to dictate what’s right or wrong, if I’m understanding correctly.) \n- r/QueerTheology (“an explicitly queer-affirming sub. Once we get past: ‘Can LGBT people be accepted in the church?’ — the theology that is possible once we assume we are accepted is rich for exploration”—phenomenal sub that delves deeper into the theology of Christianity, cannot recommend enough!)\n- r/LGBTCatholic (“a place for practicing, non-practicing… Catholics to share and discuss stories…”—an excellent place for Catholics of all stripes!)\n- r/DankChristianMemes (a sub for memes, jokes, and good Christian fun! I must warn: if you’re not a fan of occasionally darker or edgy humor, this sub may not be for you—admittedly, it’s never going to be NSFW or sacrilegious, but if jokes with some swearing isn’t your thing, then this sub isn’t going to be what you’ll like.)', 'https://www.reddit.com/r/OpenChristian/comments/w82gjv/collaborating_with_fellow_open_and_affirming/', 'w82gjv', [['u/synthresurrection', 15, '2022-07-26 03:44', 'https://www.reddit.com/r/OpenChristian/comments/w82gjv/collaborating_with_fellow_open_and_affirming/ihnrbi1/', "/r/radicalchristianity is a good sub(I'm biased, since I'm one of the moderators) and we're open and affirming. 🙂", 'w82gjv']]], ['u/maybeamarxist', 'Am I the only one who remembers the big OpenSSL RNG bug?', 68, '2022-07-26 00:40', 'https://www.reddit.com/r/Buttcoin/comments/w82k3u/am_i_the_only_one_who_remembers_the_big_openssl/', "Way back in the halcyon days of 2008, before our lord and savior Satoshi blessed us with the genesis block in 2009, there was a bug [reported](https://www.debian.org/security/2008/dsa-1571) in the pseudorandom number generator used by OpenSSL in Debian. This bug [undermined the security of public/private key pairs generated by the affected versions of OpenSSL](https://threatpost.com/how-debian-openssl-bug-almost-spawned-disaster-051809/72669/). Basically because of a very subtle software bug, people were generating key pairs for almost two years that could potentially be compromised by an attacker using just the public key and a signature.\n\nNow, Bitcoin didn't exist at the time, so of course no one was talking about the implications for cryptocurrencies. And I guess by the time they started to take off this had faded far enough into memory not to immediately throw up red flags? I don't know, but if you have any significant amount of money in a crypto wallet this should scare the shit out of you.\n\nCrypto enthusiasts love to victim blame when people lose their private keys. You should have spotted that phishing email, you shouldn't have clicked that link, you shouldn't have downloaded that file, you should have epoxied the ethernet port on your airgapped wallet machine, whatever. And just for a moment I'm going to set aside how monumentally dumb that is, because none of it matters if the software you're using is flawed.\n\nYou could do everything in the world right, and all it takes is a misplaced character somewhere in the pseudo random number generator your wallet uses for an attacker to jack your private key. This is not a hypothetical concern! It already happened! It's just that it happened with a different bit of crypto software, and it happened in a world that had not yet been peppered with digital treasure chests that you can pop open with the right zero day.\n\nFor all we know, there could be billions of dollars worth of crypto wallets using keys generated by buggy software out there. We could wake up one day and find that Coinbase's cold wallets have been emptied because an attacker figured out how to derive their private key from their public. The cold wallet you printed out and stuffed in a bank vault might already be compromised, and if the vulnerability ever gets published it could be exploited before you can get to the bank to get the key to transfer your coins to a new wallet.\n\nThe crypto bros will yack your ear off about how many lifetimes of the universe it takes to crack a key pair, but they conveniently ignore the fact that that's only true if the keys were generated on secure systems running bug-free software. Would you bet your life savings on a random piece of crypto software you downloaded from the Internet being completely free of critical defects? This software engineer would not.", 'https://www.reddit.com/r/Buttcoin/comments/w82k3u/am_i_the_only_one_who_remembers_the_big_openssl/', 'w82k3u', [['u/maybeamarxist', 23, '2022-07-26 00:50', 'https://www.reddit.com/r/Buttcoin/comments/w82k3u/am_i_the_only_one_who_remembers_the_big_openssl/ihn3ovq/', 'Also, just to preempt the "we could roll everything back like Ethereum does every time a smart contract shits the bed" responses, no, you couldn\'t. If a smart contract has a flaw that allows unauthorized users to steal your coins, sure, you can roll back and fix the contract before anyone else can submit transactions. It undermines the core principles cryptocurrencies supposedly stand for, but sure, it\'s a thing you can do.\n\nIf peoples\' private keys were compromised en masse, the same solution wouldn\'t work. Because in that case the problem isn\'t that someone else can move your coins without your key, it\'s that the someone else has your key. So there\'s absolutely no way to prove which one of you is the "real" owner of the wallet.', 'w82k3u'], ['u/maybeamarxist', 10, '2022-07-26 01:00', 'https://www.reddit.com/r/Buttcoin/comments/w82k3u/am_i_the_only_one_who_remembers_the_big_openssl/ihn56oy/', "That's the beauty of it all, no one knows if it exists or not. If you're one of the winklevii your coins could be mathematically impossible to crack, or they might be a week away from a teenager in Romania stumbling on the wrong line of code and taking them all", 'w82k3u'], ['u/R_Sholes', 56, '2022-07-26 01:06', 'https://www.reddit.com/r/Buttcoin/comments/w82k3u/am_i_the_only_one_who_remembers_the_big_openssl/ihn5yh7/', "It already happened a few times with cryptowallets.\n\nThere were a bunch of subtle errors with not-random-enough randomness, but my all time favorite was the one where a popular mobile wallet used random.org's Web API for seeding (which is weird, but OK) over plain HTTP (which is already pretty bad), and then used the response without checking the status code, so when random.org deprecated the HTTP endpoint and started returning `301 Moved permanently` to redirect to HTTPS they used that ... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['If you want to know why there’s so much talk about crypto and blockchain’s potential to transform the creator economy, one good answer might be that there’s so much in need of transformation.\nNo one has been more vocal than musicians upset at the very micro micropayments they get for song streams — $0.003 to $0.005 are the most cited figures, which puts earnings at $3,000 to $5,000 for 1 million plays.\nAnother is that so many other companies, including social media giants like Facebook and Twitter, are getting in on trying to fix a very broken system that it’s an obvious target for an industry built on the concept of eliminating financial middlemen.\nSee also:Facebook Pivots From News Coverage to Creator Economy\nIt’s a simple pitch: Creators can take payments directly from fans, with no bank, credit card issuer or payments processor in the middle taking a cut. That sounds great until you actually try to send bitcoin from one digital wallet to another: It’s a process that even technologically-minded people find cumbersome.\nRead more:Crypto Basics Series: What’s a Crypto Wallet and How You Can Avoid Losing a Quarter Billion Dollars?\nThen there’s the reality that most creators live on a platform of some kind: Twitter or YouTube, Spotify or Apple Music, or one of the many, many content creator-focused platforms for musicians, artists, social influencers, podcasters, topic educators and more. Those platforms tend to want a cut — or pay what they wish.\nAnd there isn’t really a need for crypto payments on those platforms. Sure, in April, Twitter teamed up with payments tech firm Stripe to use crypto — starting with the USDC stablecoin — for creator subscription payments. But Stripe began supporting Twitter’s Super Follows traditional payments back in September of last year.\nRelated:Twitter Launches Stripe-Powered Super Follows for Creator Subscriptions\nThat said, as more and more merchants start accepting crypto payments through processors like BitPay and Strike, and more people start actually paying with crypto — more than one quarter of the nearly 60 million U.S. crypto consumers prefer merchants who accept digital assets,PYMNTS U.S. Crypto Consumersstudy found — it should become easier and more lucrative for individual creators to accept crypto with a pay button rather than a digital wallet transfer.\nOf course, if they follow the more common pay-in-crypto-but-receive-cash process that is becoming the norm — in no small part to avoid dealing with volatility — it isn’t really transforming the creator economy as much as it is adding a new payments rail.\nSo, where does crypto fit in?\nThe best current answer is social tokens.\nThere have been others, like Steemit, a blockchain-based social media and blogging platform on which creators could earn STEEM tokens for creating content. But none have really taken off.\nWhat’s a Social Token?\nSocial tokens are bespoke cryptocurrencies built around a particular brand, community or content creator. At their core, they are about access and benefits.\nAt the high end, a number of top European soccer teams like Barcelona, Manchester City and Juventus embraced fan tokens that offered access relatively early on. Juventus token holders can vote in polls on topics like the song played when the Turin, Italy, team scores a goal, while FC Barcelona token holders can by VIP access to stadium tours and player meet and greets.\nMore recently, they’ve been embraced in the U.S. by the Ultimate Fighting Championship (UFC), 28 of the 30 teams in the National Basketball Association and half of the National Football League’s 32 teams.\nBut individual artists and creators of all kinds have been creating social tokens on Rally, a platform that describes itself as “a place for creators and their communities to build their own independent digital economies.”\nAll of that should tell you what you need to know about the key strength and weakness of fan tokens: They’re highly dependent on superfans and require a constant stream of specialized content and access to keep them desirable — which is to say, valuable.\n“You kind of have to provide perpetual benefits,” Mason Nystrom, an analyst at crypto research firm Messari,toldCoinDesk. “If people are buying your token, you have to continue to provide value, or have some exit strategy, which is fairly challenging.”\nWhich points to a basic problem with crypto as a tool of the creator economy: It doesn’t really make it much easier to connect with fans without a big fan base, and it doesn’t really make it easier to get paid without a platform to connect with fans.\nAnd if you’re earning $0.003 per song or 0.000003 BTC, it doesn’t really matter until you’re Drake, who pulled in 3 billion streams in the first five months of the year.\nFor all PYMNTS crypto coverage, subscribe to the dailyCrypto Newsletter.', 'Crypto, token, creator economy If you want to know why there’s so much talk about crypto and blockchain’s potential to transform the creator economy, one good answer might be that there’s so much in need of transformation. No one has been more vocal than musicians upset at the very micro micropayments they get for song streams — $0.003 to $0.005 are the most cited figures, which puts earnings at $3,000 to $5,000 for 1 million plays. Another is that so many other companies, including social media giants like Facebook and Twitter, are getting in on trying to fix a very broken system that it’s an obvious target for an industry built on the concept of eliminating financial middlemen. See also: Facebook Pivots From News Coverage to Creator Economy It’s a simple pitch: Creators can take payments directly from fans, with no bank, credit card issuer or payments processor in the middle taking a cut. That sounds great until you actually try to send bitcoin from one digital wallet to another: It’s a process that even technologically-minded people find cumbersome. Read more: Crypto Basics Series: What’s a Crypto Wallet and How You Can Avoid Losing a Quarter Billion Dollars? Then there’s the reality that most creators live on a platform of some kind: Twitter or YouTube, Spotify or Apple Music, or one of the many, many content creator-focused platforms for musicians, artists, social influencers, podcasters, topic educators and more. Those platforms tend to want a cut — or pay what they wish. And there isn’t really a need for crypto payments on those platforms. Sure, in April, Twitter teamed up with payments tech firm Stripe to use crypto — starting with the USDC stablecoin — for creator subscription payments. But Stripe began supporting Twitter’s Super Follows traditional payments back in September of last year. Related: Twitter Launches Stripe-Powered Super Follows for Creator Subscriptions That said, as more and more merchants start accepting crypto payments through processors like BitPay and Strike, and more people start actually paying with crypto — more than one quarter of the nearly 60 million U.S. crypto consumers prefer merchants who accept digital assets, PYMNTS U.S. Crypto Consumers study found — it should become easier and more lucrative for individual creators to accept crypto with a pay button rather than a digital wallet transfer. Story continues Of course, if they follow the more common pay-in-crypto-but-receive-cash process that is becoming the norm — in no small part to avoid dealing with volatility — it isn’t really transforming the creator economy as much as it is adding a new payments rail. So, where does crypto fit in? The best current answer is social tokens. There have been others, like Steemit, a blockchain-based social media and blogging platform on which creators could earn STEEM tokens for creating content. But none have really taken off. What’s a Social Token? Social tokens are bespoke cryptocurrencies built around a particular brand, community or content creator. At their core, they are about access and benefits. At the high end, a number of top European soccer teams like Barcelona, Manchester City and Juventus embraced fan tokens that offered access relatively early on. Juventus token holders can vote in polls on topics like the song played when the Turin, Italy, team scores a goal, while FC Barcelona token holders can by VIP access to stadium tours and player meet and greets. More recently, they’ve been embraced in the U.S. by the Ultimate Fighting Championship (UFC), 28 of the 30 teams in the National Basketball Association and half of the National Football League’s 32 teams. But individual artists and creators of all kinds have been creating social tokens on Rally, a platform that describes itself as “a place for creators and their communities to build their own independent digital economies.” All of that should tell you what you need to know about the key strength and weakness of fan tokens: They’re highly dependent on superfans and require a constant stream of specialized content and access to keep them desirable — which is to say, valuable. “You kind of have to provide perpetual benefits,” Mason Nystrom, an analyst at crypto research firm Messari, told CoinDesk. “If people are buying your token, you have to continue to provide value, or have some exit strategy, which is fairly challenging.” Which points to a basic problem with crypto as a tool of the creator economy: It doesn’t really make it much easier to connect with fans without a big fan base, and it doesn’t really make it easier to get paid without a platform to connect with fans. And if you’re earning $0.003 per song or 0.000003 BTC, it doesn’t really matter until you’re Drake, who pulled in 3 billion streams in the first five months of the year. For all PYMNTS crypto coverage, subscribe to the daily Crypto Newsletter .', '(Corrects data release day to Wednesday in paragraph 9)\nBy Chuck Mikolajczak\nNEW YORK (Reuters) - The dollar fell on Wednesday against a basket of major currencies after the U.S. Federal Reserve raised interest rates by 75 basis points, as was Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-07-27 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $403,601,138,850 - Hash Rate: 227139828.2984101 - Transaction Count: 255930.0 - Unique Addresses: 644191.0 Social & AI Sentiment: - Fear & Greed Index: 0.28 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Don't miss CoinDesk'sConsensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12. Good morning. Here’s what’s happening: Prices:Bitcoin gains ground, hovering just above $20K. Insights:China's blockchain revolution may not be so revolutionary. Catch the latest episodes ofCoinDesk TVfor insightful interviews with crypto industry leaders and analysis. Andsign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context. Bitcoin (BTC):$20,244 +5% Ether (ETH):$1,152 +7.3% [{"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+3.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "+3.5%", "DACS Sector": "Entertainment"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "+1.3%", "DACS Sector": "Smart Contract Platform"}] [{"Asset": "Terra", "Ticker": "LUNA", "Returns": "\u22123.3%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Stellar", "Ticker": "XLM", "Returns": "\u22120.9%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "XRP", "Ticker": "XRP", "Returns": "\u22120.3%", "DACS Sector": "Currency"}] Bitcoin Gains Ground but Lingers Under $20K On a day of fireworks and bombast in the U.S., crypto had a little to celebrate as well. Bitcoin crept back over the $20,000 threshold that has been a psychological observation point since the start of the summer for investors gauging the length of the current bear market. The largest cryptocurrency by market capitalization was recently trading at about $20,300, up 5% over the past 24 hours. Bitcoin plummeted below $19,000 at one point last week before regaining ground during a Friday rally. Ether rose even more in Monday trading along with several other major altcoins as investors seemed more receptive to risk. The second-largest cryptocurrency by market cap was changing hands at more than $1,150, a nearly 8% gain over the previous day. Among other major cryptos, SOL and SAND jumped more than 9% and 8%, respectively. Still, the crypto Fear & Greed Index remained wedged in extreme fear territory as the industry absorbed its latest body blows, and analysts remained downcast about prices for at least the near-term, short of convincing evidence that inflation is under control and the global economy will not fall into recession. Bitcoin and ether are off more than 5% and 6% from their highs early last week, and most other cryptos are also well in the red over the same period. "Bitcoin has been under even pressure for almost all last week," FxPro Senior Market Analyst Alex Kuptsikevich wrote in an email. "A brief bounce at the beginning of the day on July 1 was more likely due to emotional excitement from the start of a new period (month, quarter, half-year) rather than fundamental changes in the situation." Ether price weakness ETH’s price weakness continues as The Merge, which will see the network change from a proof-of-work to proof-of-stake protocol, fast approaches. Trading was light as the U.S. celebrated its Independence Day. U.S. equity markets were closed in observance of the holiday, but European indexes were up with the Stoxx Europe 600 rising 0.5% on Monday. To be sure, Binance CEO Changpeng Zhao recently called the crypto winter a good time to buy bitcoin for investors who can wait for the next bull market. And a survey fromMastercard(MA) reported that over 51% of Latin Americans made at least one transaction with cryptocurrencies between March and April of this year. But industry-wide cascade of bad news continued with crypto hedge fund Three Arrows Capitalfilingfor bankruptcy late Friday after weeks of speculation that it was functionally insolvent; American-Israeli crypto lender, Celsuis,layingoff some 150 employees over the weekend as it battles a financial crisis that saw it halt customer withdrawals last month; crypto lending platform CoinLoanlimitingthe size of withdrawals; and another crypto lender, Singapore-based Vauld,suspendingall withdrawals, trading and deposits on its platform as it looks at restructuring options. Troubled economic backdrop Kuptsikevich noted the troubled economic backdrop that is likely to continue bedeviling crypto markets. "The global picture remains bearish as stock markets show no glimpses of tightening financial conditions by central banks," Kuptsikevich wrote. "On the weekly charts, BTCUSD remains below the 200-week average, having failed a timid attempt to climb higher last week." S&P 500: 3,825 +1% DJIA: 31,097 +1% Nasdaq: 11,127 +0.9% Gold: $1,808 +.02% China's Blockchain Revolution May Be Falling Short Blockchain technology is a national priority for Beijing,having been name-checkedin 2019 by People’s Republic of China President Xi Jinping as an important opportunity that needs to be seized, andmentioned asa key technological pillar of China’s five-year policy plan in 2021. “We must take the blockchain as an important breakthrough for independent innovation of core technologies,” Xi has been quoted as saying, outlining the government’s policy to integrate the technology into the IT fabric of the bureaucracy at large. And with this came theBlockchain Service Network(BSN), a state-backed infrastructure program that would allow enterprise developers to assemble and develop code to build blockchain-based applications with relative ease. Of course, this isn’t real blockchain per se. It’s a neutered version of that called "permissioned blockchain." No corporation or government, in China or elsewhere, wants their key data to be in a decentralized state they can’t control. As theSouth China Morning Post reportedlast week, China is home to nearly 1,800 blockchain services companies that purport to be integrated into most parts of the economy and bureaucracy. Companies are unconvinced There’s a problem, though: Outside of China, companies have realized thatenterprise blockchain ispretty useless. As CoinDesk reported in early 2021, IBM (IBM), which is effectively synonymous with enterprise computing, hasdismantled its blockchain team. Shortly after,Microsoft (MSFT) discontinuedits Blockchain service on Azure cloud. The U.S. Food and Drug Administration, which once touted blockchain as part of a "smarter era of food safety," hasabandoned the initiative. Technology market research firm Gartnernoted in its hype cycle forecastfor 2021 that “successful permissioned enterprise blockchain projects are scarce.” While things like decentralized finance, payments, and tokenization all have some appeal, Gartner said, enterprise blockchain is stuck because “most users are stuck trying to align use cases to the technology.” “The value of permissioned blockchain is hard to understand since it does not implement the most revolutionary aspect of public blockchains – i.e., trust minimization and elimination of central authority, achieved via decentralized consensus,”Gartner wrotein another post on the topic. Incentives In China’s case, companies are doubling down on blockchain because of the manyincentives available, such as a $140 millionsubsidy fund in Guangzhou– the actual utility of the technology be damned. If the governmentthinks the technologywill help its economic ambitions and wants to throw money at it, companies will happily oblige and play along. This is especially true if they can leverage this with investors to juice a funding round. At one time,China was hometo nearly 35,000 blockchain companies, according to publicly available corporate registration data. Of course many were firms jumping in by adding blockchain to their name to access development subsidies, as well as out-and-out frauds. That number, according to SCMP’s report, is down to around 1,800, so the herd has been thinned. Still, it's questionable what exactly these 1,800 companies are doing. On-chain data is key to verifying any claims involving blockchain. But with these permissioned chains, it's impossible to use a block explorer to inspect the data and verify claims of data volume, something that’s a central tenant for the “trust machine” that is blockchain. 8:30 a.m. HKT/SGT(12:30 a.m. UTC):Jibun Bank Services PMI(June) 9:45 a.m. HKT/SGT(UTC):Caixin (China) Services PMI(June) In case you missed it, here is the most recent episode of"All About Bitcoin"onCoinDesk TV: Genesis Exposure to 3AC, Caitlin Long on Crypto Industry Blowups In one of the biggest scams in crypto history, the Commodity Futures Trading Commission (CFTC) is charging South African bitcoin club Mirror Trading International with $1.7 billion fraud. CoinDesk's Managing Editor for News Danny Nelson shared insights into this story. Plus, Caitlin Long of Custodia Bank discussed crypto regulations and Nick Mancini of Trade The Chain provided market analysis. Three Arrows Paper Trail Leads to Trading Desk Obscured Via Offshore Entities:As Three Arrows Capital collapsed under market pressure, its much-lesser known trading desk, TPS Capital, remained active, sources say. But a complex ownership structure might frustrate creditors' efforts to collect. Crypto Lender Celsius Cuts 150 Jobs Amid Restructuring: Report:Withdrawals are still paused and the company has hired restructuring experts as it faces a financial crisis. Bitcoin Recovers to Over $19K; Nomura Warns of US, UK Recession:Nomura warned of a recession in the eurozone, U.K. and Asia Pacific, which could influence crypto prices. LTCM and Other History Lessons for Crypto:From Long-Term Capital Management to the 2008 financial crisis, crypto's recent woes have echoes in the past, says CoinDesk's chief content officer. Other voices:Bitcoin Prices Struggle Below $20,000. Why Tuesday Could Bring a Bigger Move.(Barron's) "The Vauld management wishes to inform that we are facing financial challenges despite our best efforts. This is due to a combination of circumstances such as the volatile market conditions, the financial difficulties of our key business partners inevitably affecting us, and the current market climate... - Reddit Posts (Sample): [['u/DidItForButter', 'How To Protect Yourself While Using r/HardwareSwap', 207, '2022-07-27 00:18', 'https://www.reddit.com/r/hardwareswap/comments/w8ww0v/how_to_protect_yourself_while_using_rhardwareswap/', 'Short Guide to protecting yourself while using r/hardwareswap. This should supplement our [rules](https://www.reddit.com/r/hardwareswap/wiki/rules/rules) and [wikis](https://www.reddit.com/r/hardwareswap/wiki/index) to avoid scams and bans.\n\nEDITS WILL BE LISTED, DATED, AND DETAILING CHANGES HERE. Check this thread for updates.\n\nEdit 1 - 26Jul22: Ensure members comment in buying/selling thread/check the hws scammer list\n\n#Scams:\n\n1\\. PayPal Goods and Services (G&S, Invoice) is the only payment method for non-local sales.\n No if, ands, or buts. Paper money only for local sales, as digital payment can be charged-back.\n\n1a. "I don\'t want to pay taxes at EOY", "My PayPal is messed up, BTC is easier", "But this service also provides protection".\nThese are red flags. Report any activity of this nature to [modmail](https://www.reddit.com/message/compose/?to=/r/hardwareswap). \n\n1b. PayPal G&S can be initiated via PayPal Money Request (followed by "Paying for an Item or Service") or Invoice.\n Invoice is suggested as it lets the seller detail exactly the condition and type of item that\'s being sold. This helps if a fraudulent dispute is placed by the buyer.\n\n2\\. PayPal G&S Scams: G&S exploits occur when the user doesn\'t exercise common sense and places too much trust in the scammer.\n\n2a. Requesting buyer confirm receipt of item before actually receiving item is a scam. How? If you confirm the item ("So PayPal can release the funds because I need money for rent") before receiving, you\'ve waived your right to dispute the item never being shipped to you.\n\n2b. Seller requests user disputes transaction in lieu of refunding due to PayPal account issues is a scam. You have one chance to dispute a transaction. Do not burn it unless you actually need to dispute.\n\n2c. Buyer paying invoice and asking to send to another address is a scam ("Sorry, messed up on PayPal please send it to 123 Scam Ave, Mattapan MA instead"). Why? Address that buyer lists on invoice when paying is the only address that matters. Sending elsewhere is technically "Never received item" per the tracking information. If this occurs, refund user and go with your gut. You can either report them (with screenshots) to us or send another invoice and remind them to enter the correct address. If buyer backs out on second attempt, report them to us.\n\n2d. Splitting payment into multiple is a scam. Buyer can\'t afford the item in one go? Probably for the best you move on to another buyer. Why? Depending on how you split the payment, they could dispute the higher-charged item and get your item for the lower installment price.\n\n3\\. Fraudulent Disputes happen. Buyer claims item doesn\'t work, arrived broken despite perfect packing, or never received item.\n\n3a. Mitigation happens prior to sale. High value items, traceable items, or anything that you care about should have timestamps taken of condition in good lighting, clear serial numbers, and the item packed in an open box. These are for you and, if necessary, PayPal only.\n\n3b. Use PayPal Invoice \'s description box to describe exactly what you\'re selling. There is a difference between "Used Valve Index" and "Valve Index with 2 OEM controllers, 2 OEM base stations, in used condition, light scratching on lenses, light to moderate wear on headset, no mounting hardware, no box."\n\n3c. Include tracking information on PayPal invoice ("Click here to add tracking information"). This can be done during or after payment. I personally include it after the UPS/USPS/FedEx member has taken my package from me. This ensures the tracking number won\'t change. High value items should be hand-receipt only. This ensures a case for "stolen from porch" becomes baseless. Insure items if you have any concern of damage in transit.\n\n4\\. As mentioned before, you have one shot at a dispute rebuttal. If issue cannot be resolved in chat:\n\n4a. [Message moderators of r/hardwareswap](https://www.reddit.com/message/compose/?to=/r/hardwareswap) before doing anything with the dispute. Send pm conversations and PayPal invoice via a hidden/private imgur album in your message to us. We have a pretty good track record of getting an agreement from both parties. Be advised that you both will be permanently banned until issue is resolved.\n\n4b. Leave emotion out of dispute process. \n\n4c. Use screenshots that connect the buyer to the reddit account (Your sales post has "PM" comment from the user, your PMs have agreement to purchase and their PayPal email address). \n\n4d. Use photos referenced from 3a and description from 3b for Significantly not as described disputes.\n\n#Bans:\n\n1\\. Price Policing has not been allowed at all for months. There\'s this universal idea that poor Little Timothy may be spending his year\'s allowance on a overpriced Steam Deck, and certain members feel the need to save poor, stupid Little Timothy from wasting his money. Many times the comments are abusive or plain aggressive. If someone wants to spend however much money on an item, that is their right. This is a marketplace. Prices change with all the economic factors that exist outside of here. The same people who price policed inflated RTX3000 series GPUs at launch sold their 10 and 20 series GPUs later for inflated prices.\n\n2\\. Deleting Posts. Not allowed, never allowed. No matter your excuse for deleting, we cannot verify it. A 3 day posting restriction will be imposed for first offense. Delete a post to repost the same post within a 3 day period? Automatic 7 day ban for first offense.\n\n3\\. If we ban you after you make a post, you done did goofed. 3 rules broken in one post means you need to [read the rules](https://www.reddit.com/r/hardwareswap/wiki/rules/rules). The ban is to give you time to do so.\n\n4\\. If you are permanently banned "out of nowhere", either you asked for forbidden payments, have an unsettled issue with another (also banned) user, or have broken enough rules where you have a clear disregard for the etiquette of the subreddit. \n\n5\\. Auctioning is not allowed. Whether you explicitly state its an auction or use PMs to get higher offers "Someone already offered me +$XX so unless you can do better..." you will be banned. You list a price, and you pick one of the eligible buyers who meets that price or lower.\n\n#Other:\n\n1\\. Stop confirming trades before receiving the item. Flair isn\'t a competition. Confirm trade only when seller gets his PayPal payment and the buyer has the item that they tested and deemed exactly as described. Also Local Trades cannot be used for flair. If you confirm a local transaction in the Confirmed Trade Thread, you will lose all flair until you provide proof of ALL prior transactions.\n\n2\\. *Users must* comment on your posts (and vice versa) before you continue with PM talks.** This is a key first step as it indicates the user currently isn\'t on our scammer list. They may still be a scammer with an alt, so abide by the payment rules and other wiki items. We also have a [scammer list](https://old.reddit.com/r/hardwareswap/wiki/banlist) that we have built over the years. The [Universal Scammer List](https://universalscammerlist.com/search.php) is also a resource.\n\n^^Tags: ^^hardware, ^^mods, ^^power-hungry, ^^fedora, ^^basement, ^^momma, ^^tech, ^^professional ^^dog ^^walkers', 'https://www.reddit.com/r/hardwareswap/comments/w8ww0v/how_to_protect_yourself_while_using_rhardwareswap/', 'w8ww0v', [['u/Th3MadCreator', 44, '2022-07-27 01:43', 'https://www.reddit.com/r/hardwareswap/comments/w8ww0v/how_to_protect_yourself_while_using_rhardwareswap/ihs8cj4/', "I can't believe y'all had to make another post about all of this. Like there was a whole ass stickied post on the subreddit for months.", 'w8ww0v'], ['u/PerpetualSound', 28, '2022-07-27 02:20', 'https://www.reddit.com/r/hardwareswap/comments/w8ww0v/how_to_protect_yourself_while_using_rhardwareswap/ihsdgxp/', "I've never conducted a local trade, so I'm not too familiar with the circumstances surrounding one. Why don't local trades count towards flair?", 'w8ww0v'], ['u/kennymase', 16, '2022-07-27 02:35', 'https://www.reddit.com/r/hardwareswap/comments/w8ww0v/how_to_protect_yourself_while_using_rhardwareswap/ihsffwf/', "People don't read, they just assume.", 'w8ww0v'], ['u/KlondikesAreAwesome', 47, '2022-07-27 02:39', 'https://www.reddit.com/r/hardwareswap/comments/w8ww0v/how_to_protect_yourself_while_using_rhardwareswap/ihsfzds/', 'To stop someone from just having a friend "buy" something from you and then your rep goes up, making you seem more of an experienced and trusted seller. That\'s why it follows it up with:\n>"If you confirm a local transaction in the Confirmed Trade Thread, you will lose all flair until you provide proof of ALL prior transactions"', 'w8ww0v'], ['u/PerpetualSound', 10, '2022-07-27 02:41', 'https://www.reddit.com/r/hardwareswap/comments/w8ww0v/how_to_protect_yourself_while_using_rhardwareswap/ihsg7g5/', "That's what I assumed it meant. Thanks for clarifying.", 'w8ww0v'], ['u/jman3350', 22, '2022-07-27 02:47', 'https://www.reddit.com/r/hardwareswap/comments/w8ww0v/how_to_protect_yourself_while_using_rhardwareswap/ihsgz38/', 'Out of curiosity, in reference to BANS: 5. Auctioning is not allowed, "You list a price, and you pick one of the eligible buyers who meets that price or lower."\n\nIf someone were to list an item for a price you think is fair and people come in PM\'s offering more, is it against the rules to accept the higher offer that you didn\'t solicit? I can understand starting a bidding war is against the rules, but was just wondering how it works.', 'w8ww0v'], ['u/DidIt... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Both crypto and traditional markets saw significant gains overnight Monday in Asia after the U.S. Federal Reserve announced a 75-basis point interest rate increase to battle the worst inflation in the country in some 40 years. See related article: Fed may increase interest rates amid rising inflation Fast facts Interest rates in the U.S. are now running at a 2.25% to 2.50% range in the fastest tightening of rates since the 1980s. Fed Chair Jerome Powell rejected the notion the U.S. was in a recession due to the current strong employment rate. Powell acknowledged the pain that the sharp increase was causing low-income earners but said this aggressive fiscal tightening policy was necessary to combat runaway inflation. All major tokens were trading up in the 24 hours before Asian business hours on Monday, with Bitcoin gaining over 8% and Ethereum 14.5% to trade at US$22,840 and US$1,625, respectively. The crypto market cap was back above US$1 trillion dollars for the first time since a brief period on Monday, according to CoinMarketCap . The tech-heavy NASDAQ Composite Index finished trading up 4%, while the S&P 500 Index closed the day up 2.6% and the Dow Jones Industrial Average was up 1.3%. See related article: Crypto on a roller coaster as market braces for Fed guidance on rates', 'Both crypto and traditional markets saw significant gains overnight Monday in Asia after the U.S. Federal Reserve announced a 75-basis point interest rate increase to battle the worst inflation in the country in some 40 years. See related article: Fed may increase interest rates amid rising inflation Fast facts Interest rates in the U.S. are now running at a 2.25% to 2.50% range in the fastest tightening of rates since the 1980s. Fed Chair Jerome Powell rejected the notion the U.S. was in a recession due to the current strong employment rate. Powell acknowledged the pain that the sharp increase was causing low-income earners but said this aggressive fiscal tightening policy was necessary to combat runaway inflation. All major tokens were trading up in the 24 hours before Asian business hours on Monday, with Bitcoin gaining over 8% and Ethereum 14.5% to trade at US$22,840 and US$1,625, respectively. The crypto market cap was back above US$1 trillion dollars for the first time since a brief period on Monday, according to CoinMarketCap . The tech-heavy NASDAQ Composite Index finished trading up 4%, while the S&P 500 Index closed the day up 2.6% and the Dow Jones Industrial Average was up 1.3%. See related article: Crypto on a roller coaster as market braces for Fed guidance on rates', 'Crypto markets rallied on Wednesday and Thursday after the U.S. Federal Reserve raised its benchmark interest rate by 0.75% for the second time in two months in a widely telegraphed move . Ether is up 10% to $1,616 in the past 24 hours in early morning trading U.K. time, according to data from The Defiant’s newly released charting tool. Bitcoin rose 7.4% to $22,897. Solana and Polkadot also rallied 16.5% and 11% respectively. Source: The Defiant Terminal Repeated interest rate hikes this year by the Fed and other central banks may be working, the Fed said in announcing its decision. “Recent indicators of spending and production have softened,” it said in a news release. Investors love the sound of that and the S&P 500 Index, the leading bellwether for stocks in the U.S., jumped 2.6% on Wednesday. Cryptocurrencies have been correlated with equities fas a risk asset or several quarters now, and investors have been buying and selling both types of assets in tandem. Still Running Hot But other metrics — namely the unemployment rate and, of course, the consumer price index — suggest an economy that is still running hot, and the Fed indicated more interest rate hikes would be forthcoming. Such hikes increase the cost of borrowing in the broader economy. The cascading effect — less spending by businesses and consumers, less revenue for businesses, and, eventually, layoffs — is meant to cool demand for goods and services, easing upward pressure on prices. Markets typically drop as interest rates rise. But observers had expected Wednesday’s 75 basis point hike, and were relieved the Fed did not take more aggressive action than forecast. “The outlook hasn’t looked this good in a while,” Hal Press, the founder of crypto hedge fund North Rock Digital, tweeted. “We just got first signs of a real fed pivot, earnings are better than feared and there’s no more meetings for two months.” Wednesday’s rally wasn’t limited to Layer 1 tokens. DeFi tokens surged after the Fed’s decision, according to data from The Defiant Terminal, with Lido’s LDO up 33%, AAVE up 15%, UNI up 13.7% and Curve’s CRV up 9.1%. Story continues Layer 2 rollup Optimism’s OP is up 27% in the past day. Source: The Defiant Terminal LDO, like ETH, has outperformed over the past couple of weeks as anticipation builds for The Merge, Ethereum’s long-awaited transition to the environmentally friendly proof-of-stake transaction consensus mechanism. Updated on Thursday to report overnight price moves in cryptocurrencies. Read the original post on The Defiant', 'Crypto markets rallied on Wednesday and Thursday after the U.S. Federal Reserve raised its benchmark interest rate by 0.75% for the second time in two months in awidely telegraphed move.\nEther is up 10% to $1,616 in the past 24 hours in early morning trading U.K. time, according todatafrom The Defiant’s newly released charting tool. Bitcoin rose 7.4% to $22,897. Solana and Polkadot also rallied 16.5% and 11% respectively.\nRepeated interest rate hikes this year by the Fed and other central banks may be working, the Fed said in announcing its decision.\n“Recent indicators of spending and production have softened,” it said in a news release. Investors love the sound of that and the S&P 500 Index, the leading bellwether for stocks in the U.S., jumped 2.6% on Wednesday. Cryptocurrencies have been correlated with equities fas a risk asset or several quarters now, and investors have been buying and selling both types of assets in tandem.\nBut other metrics — namely the unemployment rate and, of course, the consumer price index — suggest an economy that is still running hot, and the Fed indicated more interest rate hikes would be forthcoming.\nSuch hikes increase the cost of borrowing in the broader economy. The cascading effect — less spending by businesses and consumers, less revenue for businesses, and, eventually, layoffs — is meant to cool demand for goods and services, easing upward pressure on prices.\nMarkets typically drop as interest rates rise. But observers had expected Wednesday’s 75 basis point hike, and were relieved the Fed did not take more aggressive action than forecast.\n“The outlook hasn’t looked this good in a while,” Hal Press, the founder of crypto hedge fund North Rock Digital, tweeted. “We just got first signs of a real fed pivot, earnings are better than feared and there’s no more meetings for two months.”\nWednesday’s rally wasn’t limited to Layer 1 tokens. DeFi tokens surged after the Fed’s decision, according todatafrom The Defiant Terminal, with Lido’s LDO up 33%, AAVE up 15%, UNI up 13.7% and Curve’s CRV up 9.1%.\nLayer 2 rollup Optimism’s OP is up 27% in the past day.\nLDO, like ETH, has outperformed over the past couple of weeks as anticipation builds for The Merge, Ethereum’s long-awaited transition to the environmentally friendly proof-of-stake transaction consensus mechanism.\nUpdated on Thursday to report overnight price moves in cryptocurrencies.\nRead the original post onThe Defiant', "By Scott Kanowsky Investing.com -- The dollar lost ground on Thursday as investors digested an as-expected 75 basis point interest rate rise by the Federal Reserve and eyed comments about potential future hikes. The dollar index - which measures the greenback against a basket of other major currencies - dropped by 0.31% to 106.12 as of 02:40 EST (0640 GMT), hovering just above its lowest mark since July 5. The U.S. currency's yield-sensitive pairing with the yen (USD/JPY) also fell 0.86% to 135.38 yen after a sharp decline in the 2-year Treasury yield. It earlier touched 135.105 yen, the weakest level since July 6. The moves come after the Fed increased its policy target interest rate on Wednesday by three-quarters of a percent for the second month in a row. Traders focused in particular on statements from Fed Chair Jerome Powell, who dropped guidance on the size of the next rate rise. That, in turn, heightened the possibility that the central bank could soon slow the pace of hikes. “We have the best part of two months until the September 21st FOMC meeting, a period that includes two jobs reports, two inflation reports and the Fed’s Jackson Hole symposium. A lot could happen in that time so it is unsurprising that the Fed is being somewhat vague in its forward guidance,” said analysts at ING, in a note. Also factoring into investors' minds is the latest reading of U.S. gross domestic product for the second quarter, which is due out later today. Another negative reading would meet the technical definition of a recession, though the United States chooses to define such an event differently. Meanwhile, the euro is marginally higher against the dollar, up 0.04% to $1.0206, ahead of preliminary German inflation data scheduled for release later on Thursday. Traders will be on the lookout for signs that price pressures in Europe's largest economy - and the broader Eurozone - are starting to ease. The pound also gained against the dollar, trading in the green by 0.16% to $1.2170. Story continues Finally, cryptocurrency Bitcoin surged by 8.62% to $23,117.2, adding on to sharp gains from the prior session. Related Articles Dollar Slips as Traders Weigh Powell Comments on Future Rate Hikes Analysis-Hint of a Fed pause opens door to Asia's emerging markets Bears raise bets on Thai baht, dim view on other Asian FX eases - Reuters poll", "By Scott K Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-07-28 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $454,340,828,625 - Hash Rate: 194101307.8186414 - Transaction Count: 287254.0 - Unique Addresses: 697022.0 Social & AI Sentiment: - Fear & Greed Index: 0.32 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Key Insights: XRP rose by 3.04% on Thursday. Following a 2.15% gain on Wednesday, XRP ended the day at $0.342. Market reaction to the FOMC meeting minutes from Wednesday supported a broad-based crypto rally on Thursday. Technical indicators are more bullish, with XRP sitting at the 200-day EMA. On Thursday, XRP rose by 3.04%. Following a 2.15% gain on Wednesday, XRP ended the day at $0.3420. A bearish morning saw XRP fall to a low of $0.3262. Steering clear of the First Major Support Level (R1) at $0.3230, XRP rallied to a high of $0.3452. XRP broke through the First Major Resistance Level (S1) at $0.3371 and the Second Major Resistance Level (S2) at $0.3424. Coming up short of $0.35 levels, XRP eased back to end the day at $0.34 levels. A pickup in risk appetite delivered support, with the NASDAQ 100 rallying by 2.28%. Investor reaction to the FOMC meeting minutes from Wednesday delivered the upside on the day. XRP-NASDAQ – 080722 1-Hour chart The FOMC meeting minutes highlighted the risk of rate hikes having a ‘larger-than-expected effect on economic growth.’ Prior to the minutes, the markets had priced in a 75 basis point rate hike for July. However, the minutes revealed that participants judged a 50 or 75 basis point increase as appropriate. While XRP remained in the hands of broader market risk sentiment, the ongoing SEC v Ripple case remains the key driver. XRP in the Hands of Broader Market Ahead of SEC v Ripple Ruling Since this week’s SEC filings on expert testimony, investors continue to await the all-important court ruling on SEC motions to protect William Hinman’s speech-related documents under the attorney-client privilege. In 2018, the former SEC Director of the Division of Corporation Finance said that Bitcoin ( BTC ) and Ethereum ( ETH ) are not securities. The ruling could turn the case on its head at a tough time for SEC Chair Gary Gensler. On Thursday, the Wall Street Journal published a piece on the SEC Chair and his moves to take regulatory ownership of the crypto market. Story continues The report followed news of US lawmakers questioning the SEC targeted approach towards crypto firms that stifle innovation. XRP Price Action At the time of writing, XRP was up 1.23% to $0.3462. A bullish start to the day saw XRP rise from a low of $0.3418 to a high of $0.3580 before easing back. XRP broke through the First Major Resistance Level (R1) at $0.3494 and the Second Major Resistance Level (R2) at $0.3568 before a slide back to sub-$0.3450. XRPUSD 080722 Daily Chart Technical Indicators Avoiding the $0.3378 pivot would bring the First Major Resistance Level (R1) at $0.3494 back into play. XRP would need the support of the broader market to avoid a return to sub-$0.34. In the case of an extended crypto rally, XRP could retarget the Second Major Resistance Level (R2) at $0.3568 and the morning high of $0.3580. The Third Major Resistance Level sits at $0.3758. A fall through the pivot would bring the First Major Support Level (S1) at $0.3304 into play. Barring an extended sell-off, XRP should avoid sub-$0.3250 and the Second Major Support Level (S2) at $0.3188. The Third Major Support Level (S3) sits at $0.2998. A court ruling on the Hinman speech-related documents would mute the influence of the Support and Resistance Levels. XRPUSD 080722 Hourly Chart The EMAs and the 4-hourly candlestick chart (below) send a bullish signal. At the time of writing, XRP sat around the 200-day EMA, currently at $0.3527. Today, the 50-day EMA converged on the 100-day EMA. The 100-day EMA narrowed to the 200-day EMA, XRP price positive. A move back through R1 and the 200-day EMA would bring R2 back into play. A bullish cross of the 50-day EMA through the 100-day EMA would support a run at $0.37 and R3. While the Hinman ruling remains the key, US nonfarm payrolls from the US will influence market risk sentiment later today. XRPUSD 080722 4-Hourly Chart This article was originally posted on FX Empire More From FXEMPIRE: GBP/JPY Weekly Price Forecast – The British Pound Has a Wild Ride Against the Japanese Yen Britain’s Queen Elizabeth ‘deeply saddened’ by death of Japan’s Abe GBP/USD Weekly Price Forecast – The British Pound Continues to Slump Wisconsin Supreme Court outlaws ballot drop boxes for elections Rogers network outage across Canada hits banks, businesses and consumers Does Selling Put Options During A Market Downturn Provide A Safety Net?... - Reddit Posts (Sample): [['u/troythedefender', 'Buying Eth Classic is dumb as Dogeshit.', 363, '2022-07-28 01:42', 'https://www.reddit.com/r/CryptoCurrency/comments/w9ttdr/buying_eth_classic_is_dumb_as_dogeshit/', 'Eth classic is pumping today, despite being a useless chain, solely because crypto miner Antpool announced a $10 million investment in Eth classic. You must ask yourself why Antpool would announce such an investment (a relatively trivial one at that - $10 million is fairly small compared to what most legitimate chains invest in development. Example, Polygon announced a $100 million developer fund a couple months ago on top of millions invested over the last year. Many more examples of other chains if you have been paying attention). \n\nThe reason is likely because Antpool is one of the biggest crypto miners, the 3rd largest Bitcoin mining pool and 14th largest Ethereum mining pool. As such, they have the most to lose when proof of work projects die out, which most inevitably will absent perhaps Bitcoin. They know Eth’s merge to proof of stake this year will further kill the utility of an already useless chain like Eth Classic. Without users, mining pools like Antpool that mine dead chains like Eth classic become less profitable. So they make an announcement of a trivial investment fund to get you to buy it so they can sell their mined Eth classic at a bit higher price. Buy away if you choose, but buyer beware, because there’s only one true, functional, and highly developed Ethereum and it doesn’t have the word classic in its name.', 'https://www.reddit.com/r/CryptoCurrency/comments/w9ttdr/buying_eth_classic_is_dumb_as_dogeshit/', 'w9ttdr', [['u/ACorDC', 16, '2022-07-28 01:44', 'https://www.reddit.com/r/CryptoCurrency/comments/w9ttdr/buying_eth_classic_is_dumb_as_dogeshit/ihx82cz/', "It's all a casino. Who cares what other people gamble on?", 'w9ttdr'], ['u/BakedPotato840', 385, '2022-07-28 01:48', 'https://www.reddit.com/r/CryptoCurrency/comments/w9ttdr/buying_eth_classic_is_dumb_as_dogeshit/ihx8jhx/', 'So this post pretty much guarantees ETC will keep pumping', 'w9ttdr'], ['u/troythedefender', 83, '2022-07-28 01:50', 'https://www.reddit.com/r/CryptoCurrency/comments/w9ttdr/buying_eth_classic_is_dumb_as_dogeshit/ihx8sxp/', 'Exactly my hope. Reverse psychology. Works everytime, fifty percent of the time.', 'w9ttdr'], ['u/oshinbruce', 71, '2022-07-28 02:06', 'https://www.reddit.com/r/CryptoCurrency/comments/w9ttdr/buying_eth_classic_is_dumb_as_dogeshit/ihxayu9/', 'Theres a bigger point here, Ant pool is owned by bitmain, who make dedicated ETH miners. Those wont even be good as paperweights once the difficulty bomb hits. Bitmains eth miner stock will be worth 0 unless there is a crypto worth mining based on ETHs protocol, so you bet they will be trying to push eth classic and anything else that will worth with there miners', 'w9ttdr'], ['u/Libertymark', 19, '2022-07-28 02:18', 'https://www.reddit.com/r/CryptoCurrency/comments/w9ttdr/buying_eth_classic_is_dumb_as_dogeshit/ihxcpau/', 'Exit liquidity\n\nOnly muppets buying', 'w9ttdr'], ['u/BlubberWall', 11, '2022-07-28 02:36', 'https://www.reddit.com/r/CryptoCurrency/comments/w9ttdr/buying_eth_classic_is_dumb_as_dogeshit/ihxf5m5/', 'It’s a smart contract chain with no real smart contract use or development. It’s an inert chain, I agree it should be worth nothing but this space is still so incredibly speculative that people buy it. \n\nIt should be treated the same way as other shitcoins that do nothing', 'w9ttdr'], ['u/wee_d', 14, '2022-07-28 02:51', 'https://www.reddit.com/r/CryptoCurrency/comments/w9ttdr/buying_eth_classic_is_dumb_as_dogeshit/ihxh98v/', 'I started buying Eth Classic about 2 months ago. Best decision I ever made. Got it at around $11', 'w9ttdr'], ['u/mardix', 62, '2022-07-28 03:14', 'https://www.reddit.com/r/CryptoCurrency/comments/w9ttdr/buying_eth_classic_is_dumb_as_dogeshit/ihxkdgl/', 'I learned not to listen to this sub.', 'w9ttdr'], ['u/Gordoniyke', 14, '2022-07-28 03:31', 'https://www.reddit.com/r/CryptoCurrency/comments/w9ttdr/buying_eth_classic_is_dumb_as_dogeshit/ihxmqiz/', "I'm exhausted at this point. So exhausted. At the end of the day we're dealing with humans. And humans are greedy and selfish", 'w9ttdr'], ['u/Garrydos', 10, '2022-07-28 03:33', 'https://www.reddit.com/r/CryptoCurrency/comments/w9ttdr/buying_eth_classic_is_dumb_as_dogeshit/ihxn0rz/', "What to believe in on ETC? There's nothing built on it.", 'w9ttdr'], ['u/dsmlegend', 29, '2022-07-28 03:35', 'https://www.reddit.com/r/CryptoCurrency/comments/w9ttdr/buying_eth_classic_is_dumb_as_dogeshit/ihxn6gj/', "It's a hedge against PoS. If the merge goes tits up, ETC will shine.\n\nEdit: this is an outsider's view point. I have never and do not plan to hold/use ETH or ETC.", 'w9ttdr'], ['u/katiecharm', 19, '2022-07-28 03:38', 'https://www.reddit.com/r/CryptoCurrency/comments/w9ttdr/buying_eth_classic_is_dumb_as_dogeshit/ihxno4c/', 'Proof of stake is a scam, and if you want to keep using superior proof of work - you have to port over to Eth Classic.', 'w9ttdr'], ['u/Thenoodlestreet', 45, '2022-07-28 04:09', 'https://www.reddit.com/r/CryptoCurrency/comments/w9ttdr/buying_eth_classic_is_dumb_as_dogeshit/ihxrudv/', 'What\'s funny about eth and eth classic is that eth classic is the chain that stuck to its original vision. The only reason eth is the bigger chain is because that\'s where all the rich whales went because they didn\'t wanna lose their money to a hack. So much for blockchain benefiting the "common man" or that it "can\'t be manipulated".\n\n"Code is law", unless the whales decide otherwise of course. What a joke. If this doesn\'t alarm you about how crypto isn\'t any different from any other structure that benefits the people at the top, then idk what will.', 'w9ttdr'], ['u/Formal_Drop_6835', 17, '2022-07-28 04:50', 'https://www.reddit.com/r/CryptoCurrency/comments/w9ttdr/buying_eth_classic_is_dumb_as_dogeshit/ihxx5m2/', 'A mad buttcoiner', 'w9ttdr'], ['u/Dream_Frequent', 10, '2022-07-28 05:08', 'https://www.reddit.com/r/CryptoCurrency/comments/w9ttdr/buying_eth_classic_is_dumb_as_dogeshit/ihxzed7/', 'Anyone who trusts POW more than POS, will automatically also move. \nAlso the smart contracts just need to ported, don’t have to be rebuilt from scratch. \nI think POW fans will come to ETC for smart contracts.', 'w9ttdr'], ['u/EchoCollection', 10, '2022-07-28 05:21', 'https://www.reddit.com/r/CryptoCurrency/comments/w9ttdr/buying_eth_classic_is_dumb_as_dogeshit/ihy0vdo/', 'I like those odds!', 'w9ttdr'], ['u/dsmlegend', 12, '2022-07-28 05:56', 'https://www.reddit.com/r/CryptoCurrency/comments/w9ttdr/buying_eth_classic_is_dumb_as_dogeshit/ihy4yd3/', "I don't buy anything if I don't personally have a use for it. In general, I think there is a huge amount of market irrationality stemming from people trying to front-run other people. But that's just hot air if this is the rationale for the majority of investors. Can't trust anyone but your own judgement. I stick with raw pragmatic utility (which means I get value regardless of the price).\n\nClosest I've got is getting a tiny amount of matic to allow for USDC transfers on polygon. Only got as much as I foresee I'd need to pay for fees.", 'w9ttdr'], ['u/Thenoodlestreet', 10, '2022-07-28 06:38', 'https://www.reddit.com/r/CryptoCurrency/comments/w9ttdr/buying_eth_classic_is_dumb_as_dogeshit/ihy9d5w/', "And when did I talk about using it? Your comment is a non sequitur. Literally has nothing to do with the point I'm trying to make. Me using it (or not) is irrelevant.", 'w9ttdr'], ['u/sharkhuh', 19, '2022-07-28 06:50', 'https://www.reddit.com/r/CryptoCurrency/comments/w9ttdr/buying_eth_classic_is_dumb_as_dogeshit/ihyale9/', 'If the merge goes tits up, the devs will address it and move forward. ETC is a dead chain in either scenario.', 'w9ttdr'], ['u/ebaley', 12, '2022-07-28 06:54', 'https://www.reddit.com/r/CryptoCurrency/comments/w9ttdr/buying_eth_classic_is_dumb_as_dogeshit/ihyawwo/', 'ETH is the "scam". ETC is the original uncensored chain. Buterin bailed out his buddies and made nonsense of "unstoppable" applications and smart contract autonomy.', 'w9ttdr'], ['u/ebaley', 12, '2022-07-28 06:54', 'https://www.reddit.com/r/CryptoCurrency/comments/w9ttdr/buying_eth_classic_is_dumb_as_dogeshit/ihyaz3s/', 'The largest holders control the protocol.', 'w9ttdr'], ['u/Wargizmo', 31, '2022-07-28 07:02', 'https://www.reddit.com/r/CryptoCurrency/comments/w9ttdr/buying_eth_classic_is_dumb_as_dogeshit/ihyboxx/', '>Theres a bigger point here, Ant pool is owned by bitmain\n\nI initially read that as "Ant pool is owned by Batman" and was confused as to why it woudn\'t be Ant Man.', 'w9ttdr'], ['u/Morning_Star_Ritual', 13, '2022-07-28 07:19', 'https://www.reddit.com/r/CryptoCurrency/comments/w9ttdr/buying_eth_classic_is_dumb_as_dogeshit/ihydc69/', 'Nah. \n\nFor one ETC has a warm place in the hearts of ogs. It’s the “code is law” original Ethereum. They didn’t care about the DAO hack, they cared about the chain and were purists. \n\nIt sickened many that the fork would even be suggested. Some feared it would destroy the project. And the amount of shit that was talked by maxis was crazy.\n\nNow? Maybe we will see miners reject the merge and switch to etc.\n\nAll I can say is when I see many in this sub shit on Solana, it warms my soul knowing those people would never touch ETH and it amazes me how many og people are here. It’s crazy seeing so many purists on the main sub.', 'w9ttdr'], ['u/Gxl4', 10, '2022-07-28 08:08', 'https://www.reddit.com/r/CryptoCurrency/comments/w9ttdr/buying_eth_classic_is_dumb_as_dogeshit/ihyhqa7/', 'Like a casino sir, 50/50', 'w9ttdr'], ['u/MilesPower', 11, '2022-07-28 08:13', 'https://www.reddit.com/r/CryptoCurrency/comments/w9ttdr/buying_eth_classic_is_dumb_as_dogeshit/ihyi64c/', "Doge is dumber and it will pump even more. It's what doge has always done and it doesn't look like it's going to stop any time soon.\n\nOG Memecoin ha... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['The Federal Reserve raised rates this week, by another 0.75%, toughening up its anti-inflationary stance. At the same time, Fed chair Jerome Powell indicated that the central bank may slow its pace on rate hikes, which gives some hope for a ‘soft landing,’ that may curb inflation while avoiding a deep recession. Markets rallied strongly in response to the Fed news.\nThe rally has made its way to cryptos, too, which have been tracking US stocks closely this summer. In particular, the largest crypto, Bitcoin, is up 21% this month.\nNexo crypto wallet co-founder Antoni Trenchev sees these developments as net gains, and predicts further near-term rally in BTC in his comments on the Fed meeting: “The conclusion of Wednesday’s Fed meeting opens up a summer window for a Bitcoin relief rally, given we now have two months until policymakers next deliberate on monetary policy.”\nSo it’s an interesting time to look at bitcoin mining stocks, which are highly correlated to the price of BTC. Using theTipRanks database, we identified two such equities that have received bullish praise from the Street, enough to earn a “Strong Buy” consensus rating. Let\'s take a closer look.\nCleanSpark(CLSK)\nThe first bitcoin miner we’ll look at it CleanSpark, a company with double-barreled focus – one barrel targeting bitcoin mining and the other aimed at clean energy. CleanSpark produces software products that allow close control of distributed energy systems, microgrids, and other off-the-grid power systems based on ‘green’ energy such as solar, wind, or nuclear. In CleanSpark’s particular case, it uses this technology to power its bitcoin mining operations.\nThose bitcoin mining ops are substantial. CleanSpark currently operates four mining facilities, in Texas, Georgia, and New York, and this month announced an expansion of mining capacity totaling 90 petahashes. This expansion was powered by the acquisition of new, ‘latest generation’ mining servers, 1,061 Whatsminer M30S machines, installed a facilities co-operated with Coinmint. In addition, CleanSpark also announced, in June, acquisition of a purchase contract for 1,800 Antminer S19 XP machines, along with water cooling infrastructure, for its mining facilities. These machines, when installed, will add another 252 petahashes per second to CleanSpark’s mining capabilities.\nAs of the end of June, CleanSpark’s BTC production had totaled 1,863 for the year. June’s production was 339, and production hit a company record-high rate of 12.1 BTC per day. The hashrate increased 12% from May, to a total hashrate of 2.8 EH/s. CleanSpark held a total of 561 BTC as of June 30, after converting 328 to pay for June operations.\nProduction on this scale delivered revenue of $41.6 million in the quarter ended March 31, compared to just $8.1 million in the year-ago quarter.\nAssuming coverage of CLSK for H.C. Wainwright, analystMike Colonneselikes what he sees in the company’s prospects for continued growth.\n"With a strong track record of solid execution and 600 megawatts (MW) of mining infrastructure already secured (capable of supporting ~20 EH/s), we are confident in CLSK’s future growth and ability to continue to win market share. As a top five miner with 2.8 EH/s of active hashing power, CLSK produced 339 BTC in the month of June (over 11/day). By our calculation, this makes CLSK the most efficient bitcoin miner in the industry (with an active EH/s >1)," Colonnese opined.\n“We believe the risk/reward profile for shares of CLSK is very favorable at current levels," the analyst summed up.\nTo this end, Colonnese rates CLSK shares a Buy, and his $6 price target implies a one-year potential gain of ~43% for the stock. (To watch Colonnese’s track record,click here)\nOverall, this small-cap bitcoin miner holds a Strong Buy consensus rating from the Wall Street analysts, and that rating is unanimous, based on 3 recent positive analyst reviews. The stock is selling for $4.20 and its $11.00 average price target indicates possible gain of ~162% in the year ahead. (See CLSK stock forecast on TipRanks)\nArgo Blockchain(ARBK)\nNext up is Argo Blockchain, a crypto mining firm based in London with its operations in North America. Argo has three active crypto mining facilities, one, Helios, located in Dickens County, Texas, and two located in Quebec, at Baie Comeau and Mirabel. The Mirabel facility is the smallest and the Texan location the largest; altogether, Argo boasts some 45 megawatts of power generation supporting 2.2 EH/s of bitcoin mining and 280 MS of equihash ZCash mining.\nLast month the company mined a total of 179 bitcoins, and increase of 44% over the May total of 124. The company sold off 637 bitcoin during the month to fund operations. Those operations included the ongoing expansion of the Helios crytpomining facility. Argo entered a contract for delivery and installation of 20,000 mining machines purchased from Bitmain; it is on track to complete this installation by October of this year. As of June 30, Argo held 1,953 bitcoin in its assets.\nDespite its solid production, growing exahash rate, and expanding operational footprint, Argo’s share price has been declining since its IPO last fall. The stock started trading on September 23, and closed its first day on the NASDAQ at $16.75; the stock is down 71% since then.\n5-star analystDarren Aftahi, of Roth Capital, has been covering Argo, and in his look at the company’s recent results he sees plenty of reason for longer-term optimism. Aftahi writes, “Helios began mining in early May and should provide a modest lift to 2Q mining capacity and a larger impact in 2H22 as ARBK looks to reach its 5.5 EH/s ending hash rate target... Overall, we remain encouraged that Helios should begin to enable ARBK to increase its network share back towards 1% by year-end and do so with little dilution risk to shareholders.”\nGoing on from these comments, Aftahi sets a Buy rating on ARBK shares – along with a $11 price target that indicates his confidence in a robust 142% upside for the next 12 months. (To watch Aftahi’s track record,click here)\nArgo has piqued the curiosity and attention of 5 Wall Street analysts, who have combined to give the shares a unanimous Strong Buy consensus rating. ARBK is currently trading for $4.84 and has an average price target of $11.40; this gives the stock a one-year upside potential of 135%. (See ARBK stock forecast on TipRanks)\nTo find good ideas for crypto stocks trading at attractive valuations, visit TipRanks’Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.\nDisclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.', 'The Federal Reserve raised rates this week, by another 0.75%, toughening up its anti-inflationary stance. At the same time, Fed chair Jerome Powell indicated that the central bank may slow its pace on rate hikes, which gives some hope for a ‘soft landing,’ that may curb inflation while avoiding a deep recession. Markets rallied strongly in response to the Fed news. The rally has made its way to cryptos, too, which have been tracking US stocks closely this summer. In particular, the largest crypto, Bitcoin, is up 21% this month. Nexo crypto wallet co-founder Antoni Trenchev sees these developments as net gains, and predicts further near-term rally in BTC in his comments on the Fed meeting: “The conclusion of Wednesday’s Fed meeting opens up a summer window for a Bitcoin relief rally, given we now have two months until policymakers next deliberate on monetary policy.” So it’s an interesting time to look at bitcoin mining stocks, which are highly correlated to the price of BTC. Using the TipRanks database , we identified two such equities that have received bullish praise from the Street, enough to earn a “Strong Buy” consensus rating. Let\'s take a closer look. CleanSpark ( CLSK ) The first bitcoin miner we’ll look at it CleanSpark, a company with double-barreled focus – one barrel targeting bitcoin mining and the other aimed at clean energy. CleanSpark produces software products that allow close control of distributed energy systems, microgrids, and other off-the-grid power systems based on ‘green’ energy such as solar, wind, or nuclear. In CleanSpark’s particular case, it uses this technology to power its bitcoin mining operations. Those bitcoin mining ops are substantial. CleanSpark currently operates four mining facilities, in Texas, Georgia, and New York, and this month announced an expansion of mining capacity totaling 90 petahashes. This expansion was powered by the acquisition of new, ‘latest generation’ mining servers, 1,061 Whatsminer M30S machines, installed a facilities co-operated with Coinmint. In addition, CleanSpark also announced, in June, acquisition of a purchase contract for 1,800 Antminer S19 XP machines, along with water cooling infrastructure, for its mining facilities. These machines, when installed, will add another 252 petahashes per second to CleanSpark’s mining capabilities. Story continues As of the end of June, CleanSpark’s BTC production had totaled 1,863 for the year. June’s production was 339, and production hit a company record-high rate of 12.1 BTC per day. The hashrate increased 12% from May, to a total hashrate of 2.8 EH/s. CleanSpark held a total of 561 BTC as of June 30, after converting 328 to pay for June operations. Production on this scale delivered revenue of $41.6 million in the quarter ended March 31, compared to just $8.1 million in the year-ago quarter. Assuming coverage of CLSK for H.C. Wainwright, analyst Mike Colonnese likes what he sees in the company’s prospects for continued growth. "With a strong track record of solid execution and 600 megawatts (MW) of mining infrastructure already secured (capable of supporting ~20 EH/s), we are confident Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-07-29 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $449,726,711,527 - Hash Rate: 200984332.91859323 - Transaction Count: 281608.0 - Unique Addresses: 708268.0 Social & AI Sentiment: - Fear & Greed Index: 0.39 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Don't miss CoinDesk's Consensus 2022 , the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12. Trust Machines, a developer building applications to grow the Bitcoin economy, has hired Manas Mohapatra and Asiff Hirji, formerly of BNY Mellon (BK) and Coinbase (COIN) respectively, in legal and advisory roles. Mohapatra joins as the company's general counsel, having served in a similar role at BNY Mellon, while former Coinbase Chief Operating Officer Hirji will operate as an adviser, Trust Machines announced on Wednesday . Trust Machines was co-founded by Stacks founder Muneeb Ali and Princeton University computer science professor J.P. Singh. It raised $150 million to expand Bitcoin as a Web3 platform in February with Breyer Capital, Digital Currency Group (the parent company of CoinDesk) and Union Square Ventures among the investors. The firm aims to build on the work of Stacks, a programming layer for Bitcoin, in making the network compatible for smart contracts. Bringing smart contracts capability to Bitcoin is a unique untapped market," Hirji said. "Muneeb and his team are leading that work through both EVM compatible and other safe programming environments through the Stacks layer for Bitcoin. I look forward to working with Muneeb to help grow the Bitcoin economy. Trust Machines has also hired to its engineering team Igor Sylvester, formerly of Facebook (FB) and Reddit. Read more: What Are Web3 Cryptos?... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Embily has added TRX for USDC stablecoin to its list of supported networks.\nTallinn, Estonia, July 29, 2022 (GLOBE NEWSWIRE) -- Embily has added TRX for USDC stablecoin to its list of supported networks. With this move, the crypto card provider continues to expand its range of usability and convenience, allowing the company to serve more transactions with USDC while fast-tracking support of the popular cryptocurrency and fiat off-ramp.\nThe addition of TRX (TRON blockchain network) allowsEmbilyusers to top up their crypto bank cards in USDC at lower network fees using the TRON network. The funds added to the Embily account will be instantly converted into Euros and ready to be used for online and offline purchases or cash withdrawals.\n“Use of the USDC stablecoin on the TRX network makes it easy for our users to quickly top-up Embily card by leveraging the bandwidth of the Tron network,” as stated by Embily CTO Eugeny Khashin. “Like USDT, USDC is a stablecoin, and it has to be supported because of its expansion rate in the DeFi world. We at Embily understand how important it is for our customers to have a choice,” Khashin says.\nAt present,Embilyaccepts BTC, ETH, BNB, TRX, DAI ERC-20, USDT ERC-20/TRC-20/OMNI and USDC ERC-20/TRC-20.\nThe USDC stablecoin is a digital currency regulated according to the financial laws of the United States. It is pegged in value to the US Dollar and is considered a popular choice among risk-averse cryptocurrency market participants seeking stability and a volatility-free, predictable instrument for everyday online transactions.\nFor now, Embily crypto cards are available only for residents of Europe, the United Kingdom, and immigrants from Ukraine to Europe. Still, it intends to significantly expand its geographic reach in 2022 and enter the markets of Singapore and the United States.\nEmbilyfinancial infrastructure allows individuals to use crypto-friendly cards to make everyday purchases using crypto as easily as fiat. Whether online or offline payments or ATM cash withdrawal - the wide range of convenient functions enable users to manage cryptos through a comprehensive one-stop interface.\nDisclaimer :\xa0There is no offer to sell, no solicitation of an offer to buy, and no recommendation of any security or any other product or service in this article. This is not an investment advice. Readers are encouraged to do there own research.\nMedia Contact:\nCompany Name: Embily\nContact Person:\xa0Elena Vino\nEmail: [email protected]\nWebsite:https://embily.com/\nNewsroom:socials.submitmypressrelease.com', 'Embily Embily has added TRX for USDC stablecoin to its list of supported networks. Tallinn, Estonia, July 29, 2022 (GLOBE NEWSWIRE) -- Embily has added TRX for USDC stablecoin to its list of supported networks. With this move, the crypto card provider continues to expand its range of usability and convenience, allowing the company to serve more transactions with USDC while fast-tracking support of the popular cryptocurrency and fiat off-ramp. The addition of TRX (TRON blockchain network) allows Embily users to top up their crypto bank cards in USDC at lower network fees using the TRON network. The funds added to the Embily account will be instantly converted into Euros and ready to be used for online and offline purchases or cash withdrawals. “Use of the USDC stablecoin on the TRX network makes it easy for our users to quickly top-up Embily card by leveraging the bandwidth of the Tron network,” as stated by Embily CTO Eugeny Khashin. “Like USDT, USDC is a stablecoin, and it has to be supported because of its expansion rate in the DeFi world. We at Embily understand how important it is for our customers to have a choice,” Khashin says. At present, Embily accepts BTC, ETH, BNB, TRX, DAI ERC-20, USDT ERC-20/TRC-20/OMNI and USDC ERC-20/TRC-20. The USDC stablecoin is a digital currency regulated according to the financial laws of the United States. It is pegged in value to the US Dollar and is considered a popular choice among risk-averse cryptocurrency market participants seeking stability and a volatility-free, predictable instrument for everyday online transactions. For now, Embily crypto cards are available only for residents of Europe, the United Kingdom, and immigrants from Ukraine to Europe. Still, it intends to significantly expand its geographic reach in 2022 and enter the markets of Singapore and the United States. Embily financial infrastructure allows individuals to use crypto-friendly cards to make everyday purchases using crypto as easily as fiat. Whether online or offline payments or ATM cash withdrawal - the wide range of convenient functions enable users to manage cryptos through a comprehensive one-stop interface. Story continues Disclaimer :\xa0There is no offer to sell, no solicitation of an offer to buy, and no recommendation of any security or any other product or service in this article. This is not an investment advice. Readers are encouraged to do there own research. Media Contact: Company Name: Embily Contact Person:\xa0Elena Vino Email: [email protected] Website: https://embily.com/ Newsroom: socials.submitmypressrelease.com', 'The line was delivered with the kind of menacing sneer debaters reserve for a knock-out rhetorical blow.\nDuring their heated exchanges on managing the economy in their television debate on Monday, July 25, the former Chancellor Rishi Sunak looked across at his opponent to become Prime Minister, Liz Truss, and demanded to know whether she was aware of what mortgage rates are in the United States.\n“C’mon, what are they,” he heckled while Truss remained stony-faced. If she were to admit that rates had almost doubled over the last six months, which as it happens they have, he clearly felt it would be fatal to her economic plans. The economy could not possibly be entrusted to someone that reckless.\nBut hold on. Is that really true? We have lived in a world of near-zero interest rates for 14 years now. We have become so used to them, we hardly even discuss them anymore. And yet, it now appears they are finally coming to an end as central banks around the world start to grapple with soaring inflation.\nIn the US, the Federal Reserve this week increased ratesby 0.75 percentage points, its fourth consecutive rise, and its benchmark lending rate is now at 2.5pc.\nThe Bank of England is steadily raising rates and will no doubt do so again in August. Even the European Central Bank (ECB) has finally, although belatedly, joined the party, with a 0.5 percentage points increase,its first increase after a decade with rates that were actually negative. Perhaps, as Sunak clearly believes, that will be a catastrophe for the global economy, plunging households and companies into bankruptcy, and we must do everything possible to keep cheap money flowing forever.\nAnd yet, it is also possible that zero rates were always an illusion, and one that ended up doing more harm than good. Ultra cheap money created a bitter generational divide as soaring house pricesmade it impossible for younger people to get on the property ladder; it created legions of zombie companies that were kept barely alive on easy credit; it encouraged feckless spending by governments that thought the bills would never fall due; it created an explosion of debt and fuelled asset-price bubbles; and it destroyed the incentive to save.\nTrue, free money might have helped rescue the economy in the wake of the financial crisis of 2008 and 2009. But one day interest rates will have to get back to normal – and now is the moment.\n“By any historical measure, interest rates have been exceptionally low for the last 14 years,” says Nicholas Crafts, emeritus professor at Warwick University and an expert in British economic history. “Even in the [worldwide depression of the] 1930s they did not go below 2pc, and even that was only for a few years. And yet, over that time, growth and productivity and investment have also been very weak.”\nThe zero-rate era has lasted far longer than anyone originally thought possible. Rewind to 2008, with banks around the world crashing, and with the financial system in turmoil, and central banks around the world slashed rates to 300-year lows. From 5pc before the crisis, by March 2009 the Bank of England had taken rates all the way down to just 0.5pc, the lowest level since it was founded in 1694, in an effort to boost the economy.\nAt the same time, it launched the first round of what was then a new-fangled strategycalled “quantitative easing”, a polite term for what used to be known as printing money. It was sold as a short-term crisis measure to prevent a re-run of the Great Depression.\nOnce everything was back to normal, interest rates would be raised again. But the return to normal never arrived. Instead, rates remained close to zero for the next decade, and were then cut again, all the way down to 0.1pc in the UK, to cope with the Covid-19 pandemic. In some countries, such as Sweden and Switzerland, and the eurozone, rates even went below zero.\nIn a through-the-looking-glass financial twist, you actually had to pay the bank to look after your money for you. Nothing like that had ever happened in financial history before.\nNo one denies the strategy helped the global economy recover from the crash of 2008. After a steep initial fall in output, most developed countries bounced back fairly quickly. The trouble was, as the years went by, financial and asset markets became more and more distorted. Like opioids, zero rates may have been effective in an emergency – but they quickly became addictive and potentially fatal as well.\nTake housing, to start with. As mortgage rates fell, debt loads became easier and easier to service for anyone who already owned a property, sending prices soaring upwards, and locking a whole generation out of the market. From £157,000 in 2009, by last year the price of the average British house had risen to £273,000 even though real wages Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-07-30 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $456,727,319,469 - Hash Rate: 177582047.57875702 - Transaction Count: 232696.0 - Unique Addresses: 601643.0 Social & AI Sentiment: - Fear & Greed Index: 0.42 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: El Salvador became the first country in the world to make bitcoin legal tender in September 2021 (Getty Images) El Salvador ’s bitcoin stockpile is now worth less than 50 per cent of the price it acquired it for following the latest crypto market crash. The losses, which total more than $50 million, pose an “extremely minimal” fiscal risk for the Central American country, according to Finance Minister Alejandro Zelaya. El Salvador has made 10 bitcoin investments since becoming the first country in the world to adopt the cryptocurrency as a legal form of tender in September, most recently last month when it bought 500 coins at an average price of $30,744. This brought the total reserves to 2,301 BTC, for which El Salvador paid $103,674,830, according to calculations by The Independent , putting the average purchase price at around $45,000. At today’s prices of $22,400 per bitcoin, El Salvador’s holdings are worth just over $50 million. Speaking at a press conference on Monday, when the losses were closer to $40 million, Mr Zelaya played down the impact of the latest bitcoin price crash on the country’s finances. “When they tell me that the fiscal risk for El Salvador because of bitcoin is really high, the only thing I can do is smile,” he said according to Reuters. “The fiscal risk is extremely minimal. 40 million dollars does not even represent 0.5 per cent of our national general budget.” El Salvador’s bitcoin experiment has faced criticism from the International Monetary Fund, who urged the country to ditch the cryptocurrency as an official currency in January. The IMF “stressed that there are large risks associated with the use of bitcoin on financial stability, financial integrity, and consumer protection, as well as the associated fiscal contingent liabilities.” Despite these warnings, the Central African Republic (CAR) voted in April to become the second country in the world to make bitcoin legal money . El Salvador President Nayib Bukele has been an outspoken advocate of the cryptocurrency, claiming it is “game over for fiat [currency]”. Story continues The intrinsic value of #Bitcoin is now in full display on the whole world. — Nayib Bukele (@nayibbukele) March 1, 2022 Bitcoin offers a way for Salvadorans to bypass high remittance fees, which are expected to pass half a billion dollars this quarter. It also reduces the country’s reliance on the US dollar, which is El Salvador’s only other official currency. President Bukele is planning to build a Bitcoin City on the Gulf of Fonseca in the south-east of the country, drawing power from the nearby Conchagua volcano. The geothermal energy from the volcano will also be used to power a bitcoin mine that will generate new units of the cryptocurrency, similar to operations in Iceland.... - Reddit Posts (Sample): [['u/exffund', 'Have you read the Bitcoin whitepaper?', 46, '2022-07-30 00:03', 'https://www.reddit.com/r/Bitcoin/comments/wbh0hf/have_you_read_the_bitcoin_whitepaper/', 'Did you invest in Bitcoin, after reading the whitepaper? Or did you follow the sharks? Or how is it?\n\n&#x200B;\n\nhttps://preview.redd.it/not300213ke91.png?width=881&format=png&auto=webp&s=a1be3067aa5e01f1b83ba184f6dbab0d69d36370', 'https://www.reddit.com/r/Bitcoin/comments/wbh0hf/have_you_read_the_bitcoin_whitepaper/', 'wbh0hf', [['u/konokonohamaru', 35, '2022-07-30 00:30', 'https://www.reddit.com/r/Bitcoin/comments/wbh0hf/have_you_read_the_bitcoin_whitepaper/ii6r6x3/', 'Yes, I read it. And I went and bought bitcoin after reading it.', 'wbh0hf'], ['u/konokonohamaru', 15, '2022-07-30 00:37', 'https://www.reddit.com/r/Bitcoin/comments/wbh0hf/have_you_read_the_bitcoin_whitepaper/ii6s1rq/', "This isn't from the whitepaper, but the biggest threat to Bitcoin, in my opinion, is the energy FUD", 'wbh0hf'], ['u/Jin-Sakti', 14, '2022-07-30 00:49', 'https://www.reddit.com/r/Bitcoin/comments/wbh0hf/have_you_read_the_bitcoin_whitepaper/ii6tq3o/', 'I’ve read the white paper \n\nBut if you keep digging deeper from a macroeconomics pov, your conviction to bitcoin will only increase ☺️\n\nhttps://bitcoin.org/bitcoin.pdf', 'wbh0hf'], ['u/CryptoCrumbSniffer', 27, '2022-07-30 00:51', 'https://www.reddit.com/r/Bitcoin/comments/wbh0hf/have_you_read_the_bitcoin_whitepaper/ii6u1h5/', "I read the white paper as a sophomore in college. I immediately began mining and hosted my own full node. I did several class projects on BTC and Blockchain and professed it to my fellow classmates. My senior project was creating my own cryptocurrency (didn't launch it publicly for ethical reasons. It's just a clone of Litecoin). I still have my original copy of the white paper from 2014 with all the notes I'd written on it. I'd also like to thank my college for providing 3 years of free electricity...", 'wbh0hf'], ['u/DatBuridansAss', 14, '2022-07-30 02:11', 'https://www.reddit.com/r/Bitcoin/comments/wbh0hf/have_you_read_the_bitcoin_whitepaper/ii74a4y/', "You don't seem to understand the meaning of FUD", 'wbh0hf']]], ['u/Sudden_Signature8768', 'Has Safemoon changed your perspective in crypto?', 32, '2022-07-30 00:09', 'https://www.reddit.com/r/SafeMoon/comments/wbh5jd/has_safemoon_changed_your_perspective_in_crypto/', "For me it was to never invest in hype BSC token ever again. I'm only putting money in BTC and ETH from now on", 'https://www.reddit.com/r/SafeMoon/comments/wbh5jd/has_safemoon_changed_your_perspective_in_crypto/', 'wbh5jd', [['u/StarTrekDad', 16, '2022-07-30 00:58', 'https://www.reddit.com/r/SafeMoon/comments/wbh5jd/has_safemoon_changed_your_perspective_in_crypto/ii6uz0g/', "I learned a ton. Made me understand the J curve, how to spot bad projects and the bear market is where millions are made. \n\nI've also invested in other good defi projects too such as Evergrow and Safuu. Learn to play the game and you'll be fine.", 'wbh5jd'], ['u/IamMPD', 15, '2022-07-30 01:42', 'https://www.reddit.com/r/SafeMoon/comments/wbh5jd/has_safemoon_changed_your_perspective_in_crypto/ii70pjx/', 'I just learned that all meme hype coins are all bubbles or scams', 'wbh5jd'], ['u/DelJaralla818', 18, '2022-07-30 03:01', 'https://www.reddit.com/r/SafeMoon/comments/wbh5jd/has_safemoon_changed_your_perspective_in_crypto/ii7apol/', 'Yes, just because at some point last yr i had around 220K sitting in front of me waiting for me to do something, but guess what? I decided to hold and now its not even 10% of what it was. Lesson learned.', 'wbh5jd'], ['u/Sardis515', 15, '2022-07-30 07:32', 'https://www.reddit.com/r/SafeMoon/comments/wbh5jd/has_safemoon_changed_your_perspective_in_crypto/ii84sxt/', 'I learned my lesson. NDA is a nice excuse for „we have nothing to show right now“ and dont buy the Hype. I rewatched old Videos of Karony and its almost funny how much someone can talk without saying anything. The Top Altcoins have a reason why they be there.', 'wbh5jd']]], ['u/viceboi666', 'Just set up my first cold wallet', 59, '2022-07-30 03:14', 'https://www.reddit.com/r/Bitcoin/comments/wbl11t/just_set_up_my_first_cold_wallet/', 'I bought a Ledger and got it all set up. Just transferred my first bit of BTC onto it!!! So excited to have complete custody of my coins in the most secure way. I’m honestly ecstatic!!!!!! Fuck yeah. So glad to have had the recommendations on here from y’all. That wallet is so cool.', 'https://www.reddit.com/r/Bitcoin/comments/wbl11t/just_set_up_my_first_cold_wallet/', 'wbl11t', [['u/192838475647382910', 17, '2022-07-30 03:16', 'https://www.reddit.com/r/Bitcoin/comments/wbl11t/just_set_up_my_first_cold_wallet/ii7ciq8/', '👏👏👏 \nMake sure to protect your seed phrase with some metal.', 'wbl11t']]], ['u/Strong-Menu-1852', 'It can happen to anyone', 101, '2022-07-30 04:44', 'https://www.reddit.com/r/MensRights/comments/wbmsd5/it_can_happen_to_anyone/', 'My trans ftm friend was being harassed by this crazy btch. My friend is a super passive, really nice guy, and she abused the hell out of that. Told everyone they were dating even though he didn\'t even like her like that and just put up with it to not fight.\n\nHe tried to "break up" with her to get her to stop basically stalking him, and she reported him for rape.\n\nso lets recap\n\n\\-She was 1 sidedly obsessed with him\n\n\\-She accused him of raping her when he\'s asexual and one of the most pure people I know\n\n\\- He had to change his major because she placed a restraining order on him meaning he wasn\'t aloud to take any classes in the same buildings as her\n\n\\-Everyone knew it was bs, even the professors, but no one could do anything about it because of title 9\n\n\\-Even an asexual trans man can be accused of rape.\n\nBasically if this can happen to my friend, it can happen to literally anyone', 'https://www.reddit.com/r/MensRights/comments/wbmsd5/it_can_happen_to_anyone/', 'wbmsd5', [['u/Ferbuggity', 34, '2022-07-30 06:40', 'https://www.reddit.com/r/MensRights/comments/wbmsd5/it_can_happen_to_anyone/ii7zyyx/', "Disgusting. \n\nAnd I mean both her and the institutionalised kneejerk support she got.\n\nI honestly don't think they're gonna stop until A/ they are made to stop via the majority getting off our arses, campaigning and voting down and removing every single avenue of power and fighting every law that is in the woke agenda's slimy grip, or B/ the seriously mentally and emotionally ill gain full totalitarian power over us all.", 'wbmsd5'], ['u/Strong-Menu-1852', 22, '2022-07-30 08:40', 'https://www.reddit.com/r/MensRights/comments/wbmsd5/it_can_happen_to_anyone/ii8aewe/', "Okay so this post isn't about the validity of trans men as real men, I'm pointing out that woman will accuse anyone they like of rape if they try to avoid the crazy.\n\nAlso it wasn't a relationship, the girl was a stalker and batshit crazy", 'wbmsd5'], ['u/mixing_saws', 15, '2022-07-30 14:53', 'https://www.reddit.com/r/MensRights/comments/wbmsd5/it_can_happen_to_anyone/ii93xla/', 'And modern feminism enabled that. Thats why it must be stopped. We cant just ignore it. They are the antithesis to egalitarian values.', 'wbmsd5']]], ['u/AutoModerator', '[Daily Discussion] - Saturday, July 30, 2022', 33, '2022-07-30 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/wbo5p5/daily_discussion_saturday_july_30_2022/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/wbo5p5/daily_discussion_saturday_july_30_2022/', 'wbo5p5', [['u/DamonAndTheSea', 41, '2022-07-30 07:18', 'https://www.reddit.com/r/BitcoinMarkets/comments/wbo5p5/daily_discussion_saturday_july_30_2022/ii83kl7/', 'One of the ways to look at the market is to measure monetary inflation against asset prices. The stock market looks ballooned in this current phase and there are some good arguments to be made that stocks need to reset further down to temper the blow off we saw last year. \n\nBut the picture is different when measured against M2 monetary supply. As the money supply is inflated, stocks and other assets will naturally inflate as fiat is devalued relative to asset prices. When you divide stocks against the M2 you get a picture of the relative overextension of assets and it’s not as extreme as would be suggested by nominal charts. \n\nWe’re currently bouncing against some relative lows along these measures and it’s why I think we’re moving into a multi-month recovery rally. If I’m correct then we may see risk-on assets inflate into end of year. \n\nAll being said, historic downside as measured against M2 is not guttered right now and if things fall over later this year and into next we may see more depressed prices along all assets. \n\nIf you’re a bear, then you wait. If you’re a bull then you buy here with expectations of some shorter term upside to play out. \n\n[Chart](https://www.tradingview.com/x/csWDN34c/)', 'wbo5p5'], ['u/RecycIops', 17, '2022-07-30 10:18', 'https://www.reddit.com/r/BitcoinMarkets/comments/wbo5p5/daily_discussion_saturday_july_30_2022/ii8hrt6/', 'Curious what bears think will be the driving force for a 30-50% drop from these prices. Seems like if there was a time for it, the end of July was the time based off all the potential negative news regarding the US economy.', 'wbo5p5'], ['u/ad-hom... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Recent court documents filed in the bankruptcy cases of Voyager Digital and Celsius Network reveal the financial ruin potentially facing customers of both companies. “The money that my wife and I were hoping to use for our young daughter’s education in the future is now locked up,” Niraj, a Voyager customer, wrote in a statement to Judge Michael Wiles. “I have been in shock since Voyager halted withdrawals. It is as if your bank is no longer allowing you to withdraw from your savings accounts. How would you feel? Would you not feel betrayed?,” he added. Niraj’s letter is one of more than a hundred filed to the court and made available to the public by judges in these cases, which includes revelations from users who have lost money or believe they were misled by each company. On June 12, Celsius told its customers it would freeze all withdrawals on its platform. Three weeks later fellow crypto lender Voyager did the same thing. In the first two weeks of July both crypto firms filed for Chapter 11 bankruptcy protection. The fate of each of the platforms’ customers is in the hands of the courts. “The thousands of us Voyager customers hope that you will carefully take our lives and livelihoods into consideration while presiding over this case,” wrote Jacoub Hammodeh, a customer who trusted Voyager with his holdings. Hammadoeh highlights the company “was publicly listed, implying responsible stewardship of my assets.” Hammadoeh points out the platform’s CEO, Stephen Ehrlich, was positioned as a veteran in the industry, and “Voyager claimed to have full FDIC protection on USD balances.” Stephen Ehrlich, CEO and Co-Founder Voyager Digital Ltd., speaks during the Piper Sandler Global Exchange and FinTech Conference in New York City, U.S., June 8, 2022. REUTERS/Brendan McDermid (Brendan McDermid / reuters) Last week, the Federal Reserve and FDIC issued a joint letter demanding Voyager cease and desist from making false statements regarding its FDIC insurance status. The customer admits he strongly considered withdrawing his crypto in early June, but was “reassured not to” by a Voyager press release which read: “The company is well capitalized and in a good position to weather this cycle and protect customer assets.” Story continues Using half her proceeds from the sale of a family business, Lisa Dagnoli, a mother of four, put over a million dollars in bitcoin, ether, and USDC on Voyager’s platform. Now, she’s outraged by the firm’s proposal to reimburse creditors in part with equity and tokens for a new company. “I take responsibility for investment and risk, but the Voyager leaders and Voyager Digital, LLC needs to take responsibility for giving us back what we are due, in full,” Dagnoli, wrote in a letter filed with the court. \'The business is doing very well\' Like other customers turned creditors of Celsius Network who have been interviewed by Yahoo Finance , a portion are calling for the removal of Celsius’ management given its statements leading up to June 12, when the company halted customer withdrawals. Celsius owes $4.7 billion to its customers and is facing a hole of $1.2 billion between reported assets and outstanding liabilities, its latest bankruptcy presentation showed. Earlier this month, the company floated repaying customers through its bitcoin mining subsidiary. Robert Cominos, a Celsius customer of about one year who “transferred about $250,000” onto its platform, claims in his letter that interviews give by the company’s co-founder and CEO, Alex Mashinsky, convinced him to make the move. “The business is doing very well,” Mashinsky told a reporter on April 13 . “Celsius is a magnet for yield, a magnet for people who want to save and earn income,” Mashinsky told Yahoo Finance in June 2021 . “We just crossed 800,000 users and many, many of them live off that income.” LISBON, PORTUGAL - 2021/11/04: Alex Mashinsky, Founder and CEO at Celsius, addresses the audience during the last day of the Web Summit 2021 in Lisbon. (Photo by Bruno de Carvalho/SOPA Images/LightRocket via Getty Images) (SOPA Images via Getty Images) In another Celsius letter , an investor who deposited 6 figures of their life savings with the platform cites a Celsius Medium post published on June 7 that attempted to rebuke its rumored financial problems. In its post, Celsius claimed “a handful of haters” were spreading misinformation about the company. “Celsius has the reserves (and more than enough ETH) to meet obligations, as dictated by our comprehensive liquidity risk management framework,” the company stated. Five days later Celsius, said it would halt all customer withdrawals on the platform. A month later, the company announced it had filed for bankruptcy. Not everything, but not nothing These personal stories are also “going to give the judges a sense that for many of these customers the impact of these bankruptcies are wide reaching and deeply affect their lives,” bankruptcy litigator Daniel Saval told Yahoo Finance. Whether and how these customers are made whole, however, is a difficult path to chart for customers right now, in Saval’s view. “I think it’s going to be a challenge,” said Saval. “The way these exchanges work, is that they typically pool the contents of customer accounts together. Meaning that they are not holding segregated accounts. As a result, in those circumstances, the likely result is that the property will be deemed to be owned by the bankruptcy estates, as opposed to being owned by the customers themselves.” In bankruptcy proceedings, secured creditors typically get first dibs at any money. Unsecured creditors are usually next on the list. But before any claimants receive their due, bankrupt firms must pay operational costs and legal fees through the bankruptcy process. “There is no blueprint under the bankruptcy code to decide what happens in these circumstances for the customers. This is all new,” said Saval. “If [the customers] are considered unsecured creditors, then in theory, they could get pooled with all other types of creditors. In theory they could all be grouped together,” explained Saval. Though both crypto lenders have proposed some form of a repayment plan , a distribution plan is far from decided in either case, according to Adam Levitin, a Professor at Georgetown School of Law and principal with financial advisory, Gordian Group. Whether distributions are paid out in crypto assets or fiat currencies depends first on if the companies liquidate their remaining crypto assets and second, on the distribution plan either case’s organized creditors committee agrees to by a majority vote. “I can say with almost absolute certainty that customers are not going to get nothing and they’re not going to be paid out in full,” Levitin told Yahoo Finance. He added that because either proceeding could “go on for years,” customers anticipating a payout will need to account for other factors, such as the crypto market’s volatility and inflation. Earlier this month, Voyager responded to a joint proposal by FTX and Alameda Research that pitched an offer to buy customer accounts. The offer argued it reduced the risk for customers holding unsecured claims with Voyager in return for FTX potentially acquiring those creditors as new customers. (Photo illustration by Jakub Porzycki/NurPhoto via Getty Images) (NurPhoto via Getty Images) In its response , Voyager claimed the offer made “several false and misleading assertions” about its business. “It’s a low-ball bid dressed up as a white knight rescue,” the legal document stated. Such a transaction could reduce the risk for customers holding unsecured claims over the length of a complex bankruptcy proceeding. But, as Levitin pointed out, it won’t change whether customers see a full reimbursement on their claims. \'Curated B.S.\' Letters from Celsius and Voyager customers show users pleading for their assets back, though they reflect a clear uncertainty about whether they’ll ever see that money again. “I now feel regretful for believing into (sic) their marketing strategy and potentially losing my family’s life savings,” Voyager customer Digant Goyal wrote in his letter to Judge Wiles. Goyal’s sentiment is echoed by Daniel James Howley who told the court , “a majority of my lifelong assets, accumulated through some ups and more downs as an entrepreneur, are locked on Voyager with no telling if, when and how much of them I will gain access to again.” “My savings to buy a home, build and support a family, and invest in my future, are all locked away in that account,” he added. Chapman Shallcross, a retired firefighter, held $244,000 in ETH and ADA on another crypto lender, BlockFi before moving assets to Celsius Network “based completely off of the overwhelming positive feedback,” he wrote in his letter . “And, now I find all that information I had gathered was curated B.S." For Amanda Gan, a Celsius customer, the company’s bankruptcy and the uncertainty surrounding her $167,000 in crypto assets has led to “significant distress,” according to her letter . “Losing this amount of our savings will have irreparable consequences for our family,” she relented. — Click here for the latest crypto news, updates, values, prices, and more related to Bitcoin, Ethereum, Dogecoin, DeFi and NFTs Read the latest financial and business news from Yahoo Finance Download the Yahoo Finance app for Apple or Android Follow Yahoo Finance on Twitter , Facebook , Instagram , Flipboard , LinkedIn , and YouTube', 'Recent court documents filed in the bankruptcy cases of Voyager Digital and Celsius Network reveal the financial ruin potentially facing customers of both companies.\n“The money that my wife and I were hoping to use for our young daughter’s education in the future is now locked up,” Niraj, a Voyager customer, wrote in astatementto Judge Michael Wiles.\n“I have been in shock since Voyager halted withdrawals. It is as if your bank is no longer allowing you to withdraw from your savings Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-07-31 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $452,828,345,288 - Hash Rate: 209243963.0385354 - Transaction Count: 209042.0 - Unique Addresses: 561055.0 Social & AI Sentiment: - Fear & Greed Index: 0.39 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: House Republicans are urging TikTok to release information regarding the access that its Chinese employees have to data from U.S. users. Meanwhile, a new Congressional report reveals that several leading cryptocurrency miners have the electrical capacity equivalent to nearly every residence in Houston. This is Hillicon Valley , detailing all you need to know about tech and cyber news from Capitol Hill to Silicon Valley. Send tips to The Hill’s Rebecca Klar , Chris Mills Rodrigo and Ines Kagubare . Someone forward you this newsletter? Subscribe here. GOP presses TikTok on US data Two high-ranking House Republicans are asking TikTok for more information about the access that China-based employees of its parent company ByteDance have to American data. “We write to request documents and information regarding recent reports that TikTok allows China-based employees of its parent company, ByteDance, to access non-public U.S. user data, contrary to the company’s previous denials,” the top Republican on the Oversight committee, James Comer (R-Ky.), and top Republican on the Energy and Commerce Committee, Cathy McMorris Rodgers (R-Wash.), wrote in a letter to TikTok CEO Shou Zi Chew. “If true, not only did TikTok misrepresent or provide false testimony about its data management and security practices, but it has placed the safety and privacy of millions of U.S. citizens in jeopardy,” they added in the letter sent Thursday. The short form video platform had maintained since exploding in popularity in the U.S. that data from Americans was not accessible in China, where security laws make it easy for the government to obtain information held by companies. Read more here. CRYPTOCURRENCY CRUNCH A handful of leading cryptocurrency miners have the electrical capacity equivalent to nearly every residence in Houston, Texas, according to data released by Democratic members of Congress on Friday. In a letter to Energy Secretary Jennifer Granholm and Environmental Protection Agency (EPA) Administrator Michael Regan, members led by Sen. Elizabeth Warren (D-Mass.) noted that leading cryptominers have developed more than 1,045 megawatts in mining capacity as of February. Story continues Companies that responded to the members’ inquiries included Riot Blockchain, Bit Digital, Bitdeer, Stronghold, Marathon and Greenidge. Following a crackdown on cryptomining by the Chinese government, mining operations have increasingly moved onshore in the U.S., according to the members. The U.S. share of global mining for Bitcoin, the largest cryptocurrency, increased from 4 percent in August 2019 to nearly 38 percent in January. Read more here. TECH GROUP RAISE DATA PRIVACY CONCERNS A technology trade organization is pushing the Justice Department (DOJ) to reevaluate its position on electronic communications privacy to protect women seeking to obtain an abortion. Elizabeth Banker, vice president of legal advocacy for the Chamber of Progress, sent a letter to Attorney General Merrick Garland on Wednesday to urge the DOJ to support the protection of private data from “unjustified law enforcement intrusions.” The letter states that federal prosecutors’ repeated arguments in court to obtain data held by third-party service providers violate the Fourth Amendment’s protection against unreasonable searches and seizures. Banker argued that these data seizures could put people who are using the internet to search for and schedule abortion appointments at risk of states’ threats to prosecute health care providers performing abortions and the people getting them. Read more here . BITS & PIECES An op-ed to chew on: So many broken systems, but this one has a fix Notable links from around the web: Tech Journalism’s Accessibility Problem (The Verge / Monica Chin) The never-ending quest to predict crime using AI (The Washington Post / Pranshu Verma) Amazon executives have discussed ditching Amazon Basics to appease regulators (Recode / Jason Del Rey) ⚾️ Lighter click: Perfect use of angles One more thing: Beyonce joins TikTok Beyoncé has joined TikTok . The pop star posted her first video on the platform on Thursday, and Variety reported that her entire music catalog is now available for users to utilize as audio, known as “sounds,” in their own posts. Beyoncé’s first video on the app included a montage of her fans dancing to her new single, “Break My Soul.” “Seeing y’all release the wiggle made me so happy!” she wrote in the post’s caption. “Thank you so much for all the love for BREAK MY SOUL! – Love B —#RE” Read more here . That’s it for today, thanks for reading. Check out The Hill’s Technology and Cybersecurity pages for the latest news and coverage. We’ll see you next week. VIEW FULL VERSION HERE For the latest news, weather, sports, and streaming video, head to The Hill.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["UPDATE (Aug. 1, 17:11 UTC): Clarifies headline and fixes transcript to reflect that it was not the addition of know-your-customer (KYC) identity checks, but rather the anti-money-laundering (AML) measure of removing sanctioned accounts in part because they hadn't gone through KYC, that cost Binance billions in revenue. Also corrects name of the executives' department (investigations, which reports to compliance but is separate). Three leading members of Binance\x92s investigations team opened up about what it takes to deal with fraud, money laundering, terrorist financing and bad press for the world\x92s largest crypto exchange. Reuters recently published a series of investigative reports on Binance and its association with illicit activity. The news service claimed that Binance has become a hub for criminal activity and that it overlooked several money-laundering red flags . Reuters claimed also that Hydra, a Russian-language darknet market, has links deeply entrenched within Binance\x92s user base, stating that the exchange facilitated $780 million in payments related to Hydra since 2017. Binance\x92s investigations team is now led by Tigran Gambaryan and Matthew Price, former investigators at the U.S. Internal Revenue Service\x92s cybercrime unit. Both men played roles in taking down prominent darknet markets AlphaBay, Silk Road and Hydra . The exchange, which operates in numerous jurisdictions despite not having a formally registered headquarters , also recruited ex-HSBC sanctions expert Chagri Poyraz as its new global head of sanctions compliance. CoinDesk reached out to Binance to verify Reuters\x92 claims and ended up having two long conversations with Gambaryan, Price and Poyraz. They disputed a number of the claims, including allegations that Binance disproportionately facilitates more money-laundering than other exchanges and Binance has become a hotbed for criminality. At times, the executives sounded like pub patrons venting to a bartender, occasionally using pejoratives to describe journalists, and such comments should be taken with a pinch of salt. Story continues Nevertheless, they spoke with surprising candor on how the criminal underworld remains firmly ingrained within the crypto industry, despite their best efforts, In the process they offered a rare window into how they tracked down some of the world\x92s most notorious cybercriminals, all while trying to keep the lid on illicit funds being siphoned through Binance. What do you make of the claims connecting Binance to Hydra? Matthew Price: Yes, Hydra was humongous and yes, it did business in Russia, so it\x92s like saying that Bank of America supports money laundering for drug cartels. It really paints this picture that \x93Binance knew this market was operating, so they must support it.\x94 Tigran Gambaryan: You can\x92t control the money that\x92s going in. You cannot control deposits. You can control what you do afterward. When Indian scammers ask people to get Apple gift cards, does that mean Apple is now laundering hundreds of millions of dollars? No. The criminals go for the easiest and cheapest way possible. If Binance was the cheapest, why wouldn\x92t they use it? MP: A good example, we identified HitBTC accounts that processed transactions [referring to two Canadian citizens who were charged with stealing $220,000 while posing as employees of a Hong Kong-based exchange]. We only had the email address. With that email address we [while working at the IRS] could obtain search warrants and we could see the content of those. We could see that the user was paying himself with gift cards. I was able to link it through email accounts, so I never got to a KYC (know your customer) crypto account until quite far down the investigation, but I already knew who that was and what they were doing. MP: The only part KYC played was where he needed to get his fiat out. Coinbase, Circle and Kraken picked up on the transaction piece that came from the Helix mixer and kicked him off the platform. So he went off the exchange and started using initially LocalBitcoins , then face-to-face meetups . The exchanges are not where the dirty money happens. It\x92s offline because these guys know this [that activity is traced]. They don\x92t want to use exchanges. If [the criminal] tried to use Binance, the transaction would get picked up with transaction monitoring. TG: Even in 2019, I was able to identify those two knuckleheads who were related to the Twitter VIP scam. That was Mason Sheppard in the U.K. That was all done through Binance. How does Binance compare to other exchanges in terms of illicit activity? TG: We did a study. If you take into consideration illicit funds going in against the total volume of the exchange, yes, there\x92s illegal money going in, but there\x92s a lot of money going in. Binance is better or the same as most exchanges. Our stuff was drastically better than Kraken, better than Coinbase in some areas and worse in some areas. But there\x92s not a single outlier. We operate in different jurisdictions. It makes our job challenging. That\x92s why we have to focus more on those jurisdictions [France, Italy, Dubai]. But us working in those jurisdictions allows law enforcement agencies to take action. We are doing a lot of incredible work. I can\x92t comment on what happened in the past as none of us were here. The whole industry was [messed] up \x96 the whole thing was just kind of developing. They all went through this period when [bad things] happened. Reuters claimed that users can evade sanctions and skirt the law by using VPNs (virtual private networks). What is your take on that? TG: Here\x92s the thing about VPNs. No exchange blocks VPNs, for the record. No crypto exchange blocks VPN activity. VPN activity is not an indication of criminal activity. It is not by itself an indication that someone is a criminal. Using a VPN is not illegal and it is not something that exchanges block. With that being said, without getting into specifics, VPN activity can be useful [for investigations]. Because there are certain players that have patterns of using this \x96 and that, in conjunction with other things, will then tell us who these people might be. VPN was never something that stopped me from identifying someone. I\x92ve never once been stung by a VPN. (Poyraz, who spoke to CoinDesk from Davos, Switzerland, where he was meeting 30 industry leaders, added that the exchange continues to serve Iranian customers outside of Iran because doing so isn\x92t a breach of U.S. sanctions. Reuters alleged that several Iranian traders had accessed Binance from 2019 to 2021 before the exchange tightened its KYC process. This week, The New York Times reported that rival exchange Kraken will likely face fines from the Treasury Department on suspicions that the exchange allowed Iranian users to use the platform.) Chagri Poyraz: From a sanctions point of view, Iranian citizens living outside Iran is not even an issue for OFAC [Office of Foreign Assets Control, the U.S. agency that enforces sanctions]. \x85 If it\x92s North Korea or Syria, those are U.N. sanctions. They are applicable anywhere that U.N. sanctions are recognized. But if it's U.S. sanctions, which is Iran and Cuba, it\x92s only applicable according to U.S. legislation and enforcement. And by the way, they will never go after Iranian citizens living abroad. It is illegal to do that. TG: In European countries, it\x92s illegal for companies to comply with U.S. sanctions against Iran. [Sanctions rules between Europe and the U.S. are vague and contradictory, according to a Financial Times report ]. CP: The reason Binance hires people like Tigran and me is to build sophistication around the sanctions program. I actually enabled an Iranian refugee in the U.K. to get a Binance account. Even that was not allowed before [Binance improved its controls to make a distinction between a resident and national of a sanctioned country], which was a wrong thing to do. TG: It is illegal to comply with U.S. sanctions in the EU. This shows again the complicated fact that we are not a U.S. entity. We take a very conservative approach that is putting us at risk in non-U.S. jurisdictions. But we are complying with [U.S. sanctions]. Our compliance with them is putting us technically in an illegal position in other jurisdictions as my understanding is that it goes against EU law. CP: Just to expand, please ask any bank if they open accounts for Iranian accounts for people residing in their country or the United States. The answer will be yes. \x85 If you want to talk about Iranians living in Iran, we take every single measure. Yes, there is always evasion, but when there is evasion, we find it and upgrade our controls. Reuters reported that Telegram messages suggested that Binance CEO Changpeng \x93CZ\x94 Zhao ignored calls from compliance officers over a loose KYC and anti-money-laundering (AML) policy. What is your view on CZ? TG: CZ has been incredibly supportive. CP: I have been a compliance officer for 17-plus years now. The main job is to explain to the business, including the CEO, what the risk and the problem is and to make a risk-based decision. You never ask them to do something illegal, but if there is something in a gray area, make a risk based decision. The CZ I know \x96 and I\x92ve been here long enough \x96 when you explain something to him, I have never seen him hesitate [to act properly]. He will never do the wrong thing. TG: He did not have the same caliber of people around him that he does now. This was a small company. They grew, and look at the people they have now. I can\x92t defend anything that happened before. We are here fixing those issues. I know for a fact that CZ has made decisions that have cost [Binance] a ton of money. We out-platformed accounts that had millions of users on it because of those risk-based decisions. Because it was the right thing to do. It cost billions of dollars, b Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-08-01 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $446,559,535,506 - Hash Rate: 187218282.7186896 - Transaction Count: 249610.0 - Unique Addresses: 635502.0 Social & AI Sentiment: - Fear & Greed Index: 0.33 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Don't miss CoinDesk'sConsensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12. Crusoe Energy, the privately held U.S. company that pioneered bitcoin (BTC) mining by using wasted natural gas as a power source, is expanding in the Middle Eastern region with investments from Mubadala – the sovereign wealth fund (SWF) of Abu Dhabi – and the Oman Investment Authority (OIA). Crusoe this week announced the OIA and Mubadala were each part ofa $350 million funding roundthat closed in April. “This investment will power Crusoe’s efforts to expand internationally as it works to align the future of computing with the future of the climate,” according to a statement sent to CoinDesk by the company. As part of the expansion, the Denver-based miner will initially open an office in Oman’s capital city of Muscat and in Abu Dhabi shortly thereafter. Crusoe will start with hiring two or three people for the offices and about eight field personnel, CEO and co-founder Chase Lochmiller told CoinDesk. Lochmiller expects to have pilot-level technologies deployed at one site in each country in the first quarter of 2023. While not commenting on the size of the investments by the two nations, Lochmiller did allow that the stakes were “meaningful.” The expansion of Crusoe’spatenteddigital flare mitigation systems establishes the company as the first flare gas bitcoin miner in the Middle East and North Africa (MENA) region, he added. Crusoe currently has several mobile sites across the U.S., and a customer roster that includes energy producers Devon Energy (DVN), Kraken Oil & Gas, Canada’s Enerplus (ERF) and maybe Exxon (XOM), where Crusoe isreportedly working on a pilot projectto use flared gas to power bitcoin mining operations at the energy giant’s North Dakota oil wells. In the flaring process, excess natural gas is burned off into the atmosphere as part of oil drilling operations. It has become standard industry practice because of the lack of transportation infrastructure. The process is under environmental scrutiny, however, with the U.S. President Joe Biden pledging to cutmethane emissionsfrom oil and gas operations. It is not just an issue in the U.S. but “a global problem with a global impact,” said Lochmiller, who said the MENA region is responsible for over 38% of the global flaring in 2020. Oman accounted for about 1.8% or 2,517 million cubic meters of that emission, while the United Arab Emirates accounted for approximately 0.7% or 955 million cubic meters. Using this otherwise wasted flared gas to mine digital assets has emerged as a popular trend among both the crypto and energy industries. Those involved point out the win/win of reducing emissions while powering mining rigs. “We’re excited to expand our Digital Flare Mitigation technology to the Middle East to help solve the region’s long-standing flaring challenges, while also empowering a new generation of digital technology in the region,” Lochmiller said. “Both OIA and Mubadala saw the value in Crusoe’s digital flare mitigation technology and how it can actually bring a flexible mechanism to both reduce emissions and bring new technologically enabled industries to the country,” he added. “Our hope is that these two locations can be a launching point for continued expansion into other nations in the region, '' Lochmiller continued, noting Oman’s and Abu Dhabi’s MENA neighbors – Saudi Arabia among them – face similar challenges.... - Reddit Posts (Sample): [['u/btc-congratulatr-guy', 'Hey, new Full Coiners: Congratulations!', 112, '2022-08-01 01:00', 'https://www.reddit.com/r/Bitcoin/comments/wd1jcd/hey_new_full_coiners_congratulations/', "To all you new owners of a full Bitcoin, I just want to acknowledge you and offer my sincere congrats. You know who you are. You know that ID'ing yourself as a whole coiner is bad opsec. Yet, its human nature to crave some kind of pat on the back for being so damn clever. So here it is. CONGRATS! YOU DID IT!!", 'https://www.reddit.com/r/Bitcoin/comments/wd1jcd/hey_new_full_coiners_congratulations/', 'wd1jcd', [['u/shedbox3', 17, '2022-08-01 01:11', 'https://www.reddit.com/r/Bitcoin/comments/wd1jcd/hey_new_full_coiners_congratulations/iifwgs4/', 'Also, congrats to the nude full coiners!', 'wd1jcd'], ['u/IANvaderZIM', 55, '2022-08-01 02:34', 'https://www.reddit.com/r/Bitcoin/comments/wd1jcd/hey_new_full_coiners_congratulations/iig6tnp/', 'You miss 100% of the sats you don’t stack', 'wd1jcd'], ['u/DatBuridansAss', 17, '2022-08-01 04:11', 'https://www.reddit.com/r/Bitcoin/comments/wd1jcd/hey_new_full_coiners_congratulations/iigii9i/', '\\-Wayne Bitsky', 'wd1jcd'], ['u/VBNerd21', 12, '2022-08-01 04:14', 'https://www.reddit.com/r/Bitcoin/comments/wd1jcd/hey_new_full_coiners_congratulations/iigiv9g/', '-Michael Scott', 'wd1jcd'], ['u/SunnyDayShadowboxer', 28, '2022-08-01 04:42', 'https://www.reddit.com/r/Bitcoin/comments/wd1jcd/hey_new_full_coiners_congratulations/iigm3wj/', 'Greetings, my name is Dr. Tali Tunde, my cousin is a Nigerian prince...', 'wd1jcd'], ['u/No-Perception-4089', 13, '2022-08-01 10:00', 'https://www.reddit.com/r/Bitcoin/comments/wd1jcd/hey_new_full_coiners_congratulations/iiheirc/', 'I had one coin but then I took three arrows to the knee', 'wd1jcd']]], ['u/Boo_Randy', 'Crypto Bros Are Trying to Ditch Their Rolexes', 70, '2022-08-01 02:08', 'https://www.reddit.com/r/Wallstreetsilver/comments/wd2yo7/crypto_bros_are_trying_to_ditch_their_rolexes/', "Poor pitiful crypto baggies. You got to play at being nouveau rich for a little while, but now the party's over and it's back to your jobs at Micky D's. \n\n[https://nymag.com/intelligencer/2022/07/crypto-bros-are-trying-to-sell-rolex-amid-bitcoin-crash.html](https://nymag.com/intelligencer/2022/07/crypto-bros-are-trying-to-sell-rolex-amid-bitcoin-crash.html)\n\nLuxury-watch boosters\xa0[like to say](https://www.bloomberg.com/news/articles/2022-04-30/inflation-is-a-good-thing-for-seller-of-used-rolexes-eyeing-ipo)\xa0that five-figure pieces, with only a limited number made every year by the Swiss giants, make solid investments in times of high inflation. But tell that to many of the new-money buyers from the shaky world of cryptocurrency who appear to be trying to ditch their Rolex and Patek Philippe watches on the secondary market as the prices of bitcoin and other leading cryptocurrencies struggle to come out of their massive dive earlier this year.\n\nAccording to\xa0[Bloomberg](https://www.bloomberg.com/news/articles/2022-07-29/the-crypto-collapse-has-flooded-the-market-with-rolex-and-patek), the secondhand market for luxury watches has been flooded in the last few months as a result of the crypto collapse. The watch-selling platform Chrono24 told reporters there that the dip has “directly impacted pricing of luxury watches from brands like Rolex and Patek Philippe.” Supply for prestige watches like the Rolex Daytona (starting at $17,194 plus shipping on Chrono24) and the Patek Nautilus 5711A (starting at $101,783 plus shipping) is “now much larger,” according to the company.", 'https://www.reddit.com/r/Wallstreetsilver/comments/wd2yo7/crypto_bros_are_trying_to_ditch_their_rolexes/', 'wd2yo7', [['u/Southern_Addition442', 19, '2022-08-01 02:21', 'https://www.reddit.com/r/Wallstreetsilver/comments/wd2yo7/crypto_bros_are_trying_to_ditch_their_rolexes/iig58fb/', '![gif](giphy\|LSk5aGh2WYL6g)', 'wd2yo7'], ['u/Silverhairedape', 14, '2022-08-01 02:31', 'https://www.reddit.com/r/Wallstreetsilver/comments/wd2yo7/crypto_bros_are_trying_to_ditch_their_rolexes/iig6g0l/', 'But muh investment', 'wd2yo7'], ['u/S1LVERSTAK', 15, '2022-08-01 02:38', 'https://www.reddit.com/r/Wallstreetsilver/comments/wd2yo7/crypto_bros_are_trying_to_ditch_their_rolexes/iig7aut/', 'They know what time it is 😄', 'wd2yo7']]], ['u/jamescowens', 'Gridcoin 5.4.0.0-mandatory "Kermit\'s Mom"', 50, '2022-08-01 02:10', 'https://www.reddit.com/r/gridcoin/comments/wd3063/gridcoin_5400mandatory_kermits_mom/', '## [5.4.0.0] 2022-08-01, mandatory, "Kermit\'s Mom"\n\nhttps://github.com/gridcoin-community/Gridcoin-Research/releases/tag/5.4.0.0\n\nThe Gridcoin core developers are proud to release 5.4.0.0 which represents the\nKermit\'s Mom milestone. This is a _mandatory_ release and includes the _long-\nawaited implementation of Manual Reward Claims (MRC)_ and significant\nimprovments to poll and project structures among many other enhancements and\nfixes.\n\n### Highlights\n#### Manual Reward Claims (MRC)\n\nThe importance of this release to the community cannot be overstated. One of the\nmost significant challenges to new "crunchers" joining the Gridcoin community\nis the payment of the 2nd layer crunching rewards to the crunchers for work they\nare doing for network approved BOINC projects. The implementation of constant\nblock rewards (CBR) a number of years back improved the participation of wallets\nin the staking process dramatically, raising the average difficulty on the\nnetwork from about 3 to greater than 18 today, representing more than \n180000000 GRC continuously online and staking. This has drastically improved\nsecurity of Gridcoin, making it much more resistant to 51% attacks, but has had\nthe downside of increasing the effective minimum GRC required to solo crunch\nto 5000 GRC or more. Without MRC, which is in this release, solo crunchers are\nrequired to stake to get paid their rewards.\n\nMost people regard having enough GRC to stake on average once a month is the\npractical minimum for solo crunching, so 5000 GRC is effectively the minimum\nbar for entry for solo crunching. Needless to say this is a giant challenge\nfor many newcomers and greatly harms the growth of the network. The pools help\nwith the problem by providing a way to earn GRC and eventually collect enough \nto solo crunch, but they have a drawback in that the project research when pool \ncrunching is done in the name of the pool, not the cruncher. MRC sweeps that\ngiant hurdle away. With MRC you can solo crunch with only about 1 GRC to start. \nYou simply need enough to send a beacon advertisement (which is the new solo \ncruncher\'s way of letting the network know that they want to get rewarded for \ncrunching). MRC will now allow a solo cruncher with an active beacon to request \npayment at intervals as small as 14 days from the last time they were paid. \nThere is no minimum payment threshold, only the minimum time threshold. This \nrequest for payment is a "manual reward claim" request, which is where the name \nMRC came from originally. Note that what is going on under the hood is that the \nrequester is sending out a "MRC" request contract that is attached to a \ntransaction in the Gridcoin blockchain, which is picked up by the next staker, \nand causes the staker to stake the reward for the requester as a delegate. \nEssentially MRC is a form of delegated staking. Note that for this privilege \nthe requester will pay a portion of their reward as a fee to the staker and the \nfoundation. The total fee starts at 40% of the rewards at 14 days and then \ndeclines as 14/(number of days) as the interval between payments is increased. \nThe foundation gets 80% of the fees and the staker 20%. These ratios were set \nand approved by official poll\n(id 651a3d7cbb797ee06bd8c2b17c415223d77bb296434866ddf437a42b6d1e9d89, \nhttps://github.com/gridcoin-community/Gridcoin-Tasks/issues/250).\n\nTo give a specific example, a new cruncher registers their beacon and starts \ncrunching. They have a pretty good computer and their magnitude has been \nbuilding to the point where at 14 days they have about 35 GRC pending as \nrewards. At 14 days after the activation of their beacon, the MRC payment \nbutton on the main screen will allow them to request payment of their rewards. \nIf they press the button at 14 days, then the requester will get 35 * (1 - \n0.40) or 21 GRC. The foundation will get 0.80 * 0.40 * 35 or 11.2 GRC and the \nstaker will get 0.20 * 0.40 * 35 = 2.8 GRC. If the cruncher waits until 28 days \nto request the reward, lets assume his or her magnitude is constant, so the \nrewards have doubled, so now the requester has 70 GRC pending. If they press \nthe button at 28 days, then the requester will get 70 * (1 - 0.20) or 56 GRC. \nThe foundation will get 0.80 * 0.20 * 70 or 11.2 GRC and the staker will get \n0.20 * 0.20 * 70 or 2.8 GRC. Notice that the effective fee to the foundation \nand the staker at 28 days is the same as at 14 days. This is by design. The \nfoundation and staker fees _decline_ as a percentage from the point of view of \nthe requester\'s total rewards as the time between payment requests increase \nbeyond 14 days, but from the point of view of the foundation and staker, the \nfees essentially are computed at the 14 day point and remain capped as absolute \nnumbers.\n\nThe MRC request button will appear on the wallet main screen for crunchers \nwith active beacons and will allow MRC requests once the block v12 \nfunctionality block height is reached. This is the post Kermit\'s Mom release \nhardfork point, and it will be at block 2671700, which will occur on or about \nAugust 31, 2022.\n\nSome resources to review for MRC and related concepts:\n\n - Solo crunching guide: https://gridcoin.us/guides/boinc-install.htm\n - Staking: https://gridcoin.us/wiki/staking.html\n - Beacons: https://gridcoin.us/wiki/beacons.html\n - MRC core functionality: \nhttps://github.com/gridcoin-community/Gridcoin-Research/pull/2425\... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['By Alun John\nHONG KONG, Aug 2 (Reuters) - The dollar continued its decline on Tuesday, falling to its lowest in two months against the recovering Japanese yen and losing ground on other peers, as investors continued to position for a less aggressive pace of Federal Reserve interest rate hikes.\nJitters about the impact of an impending visit to Taiwan by U.S. House of Representatives Speaker Nancy Pelosi were also driving some safe-haven flows to the yen, while weighing on other Asian currencies.\nThe greenback fell as low as 130.595 yen in early trading, its lowest since June 6, and was last down 0.55%, leaving it down 4% in the past four sessions.\n"Its the same old story with the yen being very sensitive to the gap between U.S. and Japanese government bond yields. Of course Japanese ones aren\'t moving because of Japan\'s yield curve control policy, but U.S. yields have dropped a lot," said Redmond Wong, market strategist at Saxo Markets Hong Kong\nThe benchmark 10-year Treasury yield fell to 2.53%, its lowest since April, in early trade on Tuesday. Investors are beginning to position themselves for the U.S. Federal Reserve to pivot away from raising interest rates aggressively to combat inflation and towards worrying more about an economic slowdown. {US/]\nWong, who said this repricing of expectations for Fed rate hikes was probably overdone, added that somewhat lower energy prices were also helping the yen, since Japan was a net importer of energy. The currency was also benefiting from some safe-haven flows due to worries about Pelosi\'s visit.\nChina\'s offshore yuan touched 6.7957 per dollar on Tuesday, its weakest since mid-May. Wong attributed this partly to the tensions around Pelosi\'s visit as well as poor economic data from China over the weekend.\nThe Taiwan dollar slipped to its lowest levels in more than two years, falling past 30 per U.S. dollar.\nThe greenback was also weaker generally, with sterling at $1.2256, just off a five-week peak hit overnight, and the euro was also on the front foot at $1.0294.\nThis sent the dollar index, which measures the greenback against six peers, to 105.03 in early trade, a one-month low.\nElsewhere, the Australian dollar was holding just above $0.7 ahead of a central bank meeting at which analysts are expecting a third consecutive half-point interest rate increase.\nBitcoin was steady at $23,250.\n(Reporting by Alun John; Editing by Bradley Perrett)', 'By Alun John HONG KONG, Aug 2 (Reuters) - The dollar continued its decline on Tuesday, falling to its lowest in two months against the recovering Japanese yen and losing ground on other peers, as investors continued to position for a less aggressive pace of Federal Reserve interest rate hikes. Jitters about the impact of an impending visit to Taiwan by U.S. House of Representatives Speaker Nancy Pelosi were also driving some safe-haven flows to the yen, while weighing on other Asian currencies. The greenback fell as low as 130.595 yen in early trading, its lowest since June 6, and was last down 0.55%, leaving it down 4% in the past four sessions. "Its the same old story with the yen being very sensitive to the gap between U.S. and Japanese government bond yields. Of course Japanese ones aren\'t moving because of Japan\'s yield curve control policy, but U.S. yields have dropped a lot," said Redmond Wong, market strategist at Saxo Markets Hong Kong The benchmark 10-year Treasury yield fell to 2.53%, its lowest since April, in early trade on Tuesday. Investors are beginning to position themselves for the U.S. Federal Reserve to pivot away from raising interest rates aggressively to combat inflation and towards worrying more about an economic slowdown. {US/] Wong, who said this repricing of expectations for Fed rate hikes was probably overdone, added that somewhat lower energy prices were also helping the yen, since Japan was a net importer of energy. The currency was also benefiting from some safe-haven flows due to worries about Pelosi\'s visit. China\'s offshore yuan touched 6.7957 per dollar on Tuesday, its weakest since mid-May. Wong attributed this partly to the tensions around Pelosi\'s visit as well as poor economic data from China over the weekend. The Taiwan dollar slipped to its lowest levels in more than two years, falling past 30 per U.S. dollar. The greenback was also weaker generally, with sterling at $1.2256, just off a five-week peak hit overnight, and the euro was also on the front foot at $1.0294. Story continues This sent the dollar index, which measures the greenback against six peers, to 105.03 in early trade, a one-month low. Elsewhere, the Australian dollar was holding just above $0.7 ahead of a central bank meeting at which analysts are expecting a third consecutive half-point interest rate increase. Bitcoin was steady at $23,250. (Reporting by Alun John; Editing by Bradley Perrett)', 'Major cryptocurrencies were lower in early Tuesday trading in Asia, with Ethereum losing 3% in the past 24 hours to trade at US$1,634 as of 8 a.m. in Hong Kong. Bitcoin dipped 0.2% to trade at US$23,267,according to data on CoinMarketCap.\nSee related article:Bitcoin, Ethereum fall back after posting monthly gains for July\n• Polkadot, which sits just outside CoinMarketCap’s top 10 cryptos by market cap, fell to US$8.14, down more than 10% from the almost six-week high it reached yesterday.\n• Ethereum Classic dropped 3.7% in the past 24 hours to US$35 after seeing significant gains last week ahead of Ethereum’s “Merge.”\n• Filecoin fell more than 20% to trade at US$8.79. This pullback follows the launch of a Filecoin crypto fund byAustralian Holon Global Investmentslast week that saw the token surge 115% in under a week to US$11.8 on Monday.\n• Equity markets in the U.S. were little changed overnight, with The Dow Jones Industrial Average, the S&P 500 Index and the Nasdaq Composite Index all ending down less than 0.3%.\nSee related article:Bitcoin education accelerates adoption, lowers volatility: Ben Caselin, AAX', 'Major cryptocurrencies were lower in early Tuesday trading in Asia, with Ethereum losing 3% in the past 24 hours to trade at US$1,634 as of 8 a.m. in Hong Kong. Bitcoin dipped 0.2% to trade at US$23,267, according to data on CoinMarketCap . See related article: Bitcoin, Ethereum fall back after posting monthly gains for July Fast facts Polkadot, which sits just outside CoinMarketCap\x92s top 10 cryptos by market cap, fell to US$8.14, down more than 10% from the almost six-week high it reached yesterday. Ethereum Classic dropped 3.7% in the past 24 hours to US$35 after seeing significant gains last week ahead of Ethereum\x92s \x93Merge.\x94 Filecoin fell more than 20% to trade at US$8.79. This pullback follows the launch of a Filecoin crypto fund by Australian Holon Global Investments last week that saw the token surge 115% in under a week to US$11.8 on Monday. Equity markets in the U.S. were little changed overnight, with The Dow Jones Industrial Average, the S&P 500 Index and the Nasdaq Composite Index all ending down less than 0.3%. See related article: Bitcoin education accelerates adoption, lowers volatility: Ben Caselin, AAX View comments', 'Major cryptocurrencies were lower in early Tuesday trading in Asia, with Ethereum losing 3% in the past 24 hours to trade at US$1,634 as of 8 a.m. in Hong Kong. Bitcoin dipped 0.2% to trade at US$23,267,according to data on CoinMarketCap.\nSee related article:Bitcoin, Ethereum fall back after posting monthly gains for July\n• Polkadot, which sits just outside CoinMarketCap’s top 10 cryptos by market cap, fell to US$8.14, down more than 10% from the almost six-week high it reached yesterday.\n• Ethereum Classic dropped 3.7% in the past 24 hours to US$35 after seeing significant gains last week ahead of Ethereum’s “Merge.”\n• Filecoin fell more than 20% to trade at US$8.79. This pullback follows the launch of a Filecoin crypto fund byAustralian Holon Global Investmentslast week that saw the token surge 115% in under a week to US$11.8 on Monday.\n• Equity markets in the U.S. were little changed overnight, with The Dow Jones Industrial Average, the S&P 500 Index and the Nasdaq Composite Index all ending down less than 0.3%.\nSee related article:Bitcoin education accelerates adoption, lowers volatility: Ben Caselin, AAX', 'Marathon Digital Holdings (MARA) refinanced an existing $100 million line of credit from Silvergate Bank (SI) and added another one of the same size from the same lender, the miner said Monday, despite having thousands of bitcoin (BTC) mining rigs sitting idle. Marathon\'s ability to refinance stands out because crypto prices have fallen so much this year, putting the company and other bitcoin miners on shakier financial ground. The lending market has also dramatically cooled down as the U.S. Federal Reserve raises interest rates. The Silvergate credit line gives Marathon flexibility to navigate the market volatility. Marathon noted on Monday that it hadn\'t drawn any of the initial Silvergate credit line, which was set to expire in October. The two facilities are secured by bitcoin and will expire in June 2024. The new term loan includes a delayed draw facility, meaning Marathon can draw $50 million at the time of closing and another $50 million 270 days after closing, the press release said. The term loan comes with a variable interest rate, which is currently set at 7.25%, the firm said. When Marathon announced its initial revolving credit facility from Silvergate in October 2021, its active fleet of miners stood at 25,272. At the end of June, it counted only 6,300 active miners, according to its June operational update . The firm has 29,640 bitcoin mining rigs waiting energization in in West Texas, it said in the update. This is largely because hosting firm Compute North\'s energy provider is waiting for federal regulators to approve its tax-exempt status, Marathon said. Compute North hosted about 20,000 of Marathon\'s machines as o Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-08-02 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $443,268,435,271 - Hash Rate: 213373778.09850645 - Transaction Count: 266968.0 - Unique Addresses: 663588.0 Social & AI Sentiment: - Fear & Greed Index: 0.31 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Key Insights: XRP rose by 2.15% on Wednesday, with the appetite for riskier assets delivering support. Updates from the SEC v Ripple case had a muted impact on XRP as investors await the court ruling on Hinmans 2018 speech-related documents. Technical indicators are bearish, with XRP sitting at the 100-day EMA. On Wednesday, XRP rose by 2.15%. Reversing a 0.98% decline from Tuesday, XRP ended the day at $0.3319. A bearish morning saw XRP fall to a low of $0.3194. Steering clear of the First Major Support Level at $0.3149, XRP rallied to a high of $0.3335. XRP broke through the First Major Resistance Level at $0.3326 before falling back to end the day at sub-$0.3320. US economic indicators delivered NASDAQ 100 support, which provided XRP and the broader market the upside on the day. Fears of US economic recession eased this week, with the all-important ISM Manufacturing PMI falling modestly from 55.9 to 55.3. Economists had forecast a decline to 54.3. However, crude oil prices reflected investor jitters over the economic outlook and demand, with WTI Crude sliding by 3%. The market movements reinforced the current inverse correlation between cryptos and crude. XRP-NASDAQ-WTI 070722 15 Minute chart While XRP remained in the hands of broader market risk sentiment on Wednesday, the ongoing SEC v Ripple case remains the key driver. XRP Brushed Aside News Updates from the SEC v Ripple Case This week, the SEC was back in action, filing motions to pressure the Ripple defense team. Overnight, defense attorney James Filan shared the latest SEC motion to the courts, saying, The SEC has sought permission to file one omnibus (big) motion to exclude or limit expert testimony, up to 120 pages long. Ripple Defendants do not object provided that they will be allowed the same page limit for their response in opposition. The latest SEC may be an attempt to water down expert testimony submissions by the Ripple Defense team. According to the SEC filing, The SEC intends to file motions to exclude or limit the testimony of 10 expert witnesses who were retained by Defendant, Ripple Labs, Inc, and/or Individual Defendants, Christian A. Larsen and Bradley Garlinghouse. Story continues The latest filing had a muted impact. Investors await a court ruling on whether Hinmans 2018 speech-related documents fall under the attorney-client privilege. In 2018, the former SEC Director of the Division of Corporation Finance said that Bitcoin ( BTC ) and Ethereum ( ETH ) are not securities. XRP Price Action At the time of writing, XRP was up 0.30% to $0.3329. A mixed start to the day saw XRP fall to a low of $0.3308 before rising to a high of $0.3345. XRP left the Major Support and Resistance Levels untested. XRPUSD 070722 Daily Chart Technical Indicators Avoiding the $0.3283 pivot would bring the First Major Resistance Level at $0.3371 into play. XRP would need the support of the broader market to breakout from the Wednesday high of $0.3335. In the case of an extended crypto rally, XRP could test resistance at $0.34 and the Second Major Resistance Level at $0.3424. The Third Major Resistance Level sits at $0.3565. A fall through the pivot would bring the First Major Support Level at $0.3230 into play. Barring an extended sell-off, XRP should avoid sub-$0.3150 and the Second Major Support Level at $0.3142. The Third Major Support Level sits at $0.3001. A court ruling on the Hinman speech-related documents would mute the influence of the Support and Resistance Levels. XRPUSD 070722 Hourly Chart The EMAs and the 4-hourly candlestick chart (below) begin to turn bullish. At the time of writing, XRP sat above the 100-day EMA, currently at $0.3315. Today, the 50-day EMA narrowed to the 100-day EMA. The 100-day EMA flattened on the 200-day EMA, XRP price positive. Holding above the 100-day EMA would bring the Major Resistance Levels into Play. A bullish cross of the 50-day EMA through the 100-day EMA would support a run at $0.35. However, another XRP pullback from the 100-day EMA would bring the Major Support Levels into play. XRPUSD 070722 4-Hourly Chart This article was originally posted on FX Empire More From FXEMPIRE: Swedish house prices rise 3% Apr-Jun Convex Finance Rallies by 31% As Bitcoin Closes Above $20K German industrial output rises less than expected in May Egypts annual urban consumer inflation drops to 13.2% in June -CAPMAS Shell upgrades value of oil and gas assets by up to $4.5 billion L&G sees double-digit cash growth at half year, performance on track... - Reddit Posts (Sample): [['u/Foxxinator37', 'My 6 year crypto journey to becoming a day trader', 1077, '2022-08-02 00:37', 'https://www.reddit.com/r/CryptoCurrency/comments/wduowx/my_6_year_crypto_journey_to_becoming_a_day_trader/', "Obligatory this is not financial advice – read on at your own risk and make sure you are comfortable with your own trades. The old age saying of only put money into Crypto that you are prepared to lose is extremely valuable. This post will aim to give you a bit of an insight into how I became successful in trading crypto and give you some real examples of how I read the charts and try to minimize my risk. Day trading or swing trading is not my only tactic, it took me years to get comfortable with a strategy that is successful so I’ll also hopefully give you some tips and tricks that will allow you to also get more familiar with the trading concepts, but while minimizing your risk profile.\n\nThis is my own way of trading and accumulating more crypto - I'm not a professional trader and I don't pretend to be the next big thing. But I've learned a lot over the last few years and have come up with something that works for me - this post explains some of the logic and trading fundamentals that I think about. The post is not to shill any project - it is honest with what I held/am holding - but how and why I did what I did is the important lesson here, not to blindly copy my portfolio or style. You need to get something that works for you.\n\nMy Crypto trading fundamentals\n\nThese are some of MY fundamental principles with crypto – again it’s not an exhaustive list and I’ve built this up over the years – but some of these set the foundation reasoning as to why I did what I did. My strategy is far from perfect, but my main aim is to accumulate crypto over time and trust that the fiat value will take care of itself (assuming I backed the right horse) Hopefully you’ll see some of the examples in my journey below – but if you want a tldr version of my post summary, then the below list is where to go.\n\n1. Research every project you invest into – for 3+ months before you invest. If you cannot explain it in simple terms to a non-technical person (e.g. your Grandma) as why it’s a good investment and what the niche is – you didn’t do enough research or the project is just shit and should be avoided.\n2. Do not touch leverage you fucking degenerate\n3. Make sure you have the keys / control your own crypto (the majority of your stack should be held offline, but you can trade some of your portfolio on a reputable exchange e.g. Coinbase/Kraken not some tiny shitty one with that has higher chance of going under)\n4. Never FOMO – if you miss a spike and pump, you missed the boat to buy more. YOU CAN ONLY SELL into a spike, NEVER BUY. Likewise if the price drops, YOU CAN ONLY BUY into a dip, NEVER SELL.\n5. NEVER BUY back in higher than you sold for – even if that means holding fiat for months/years\n6. Get a strategy and stick to it – as in do not change your mind. You can continue to DCA, but only review your portfolio/strategy every 6-12 months and see if the landscape has changed and you want to do something differently.\n7. Remember it is 100% impossible to perfectly time every single trade (unless you’re a whale with 1B+ in crypto assets that is a market maker). Do not get worried or panic that the price goes the wrong way – you cannot time it perfectly. You do not need to get every trade right – you do not aim for 100% perfection, you just aim to get more winners than losers.\n8. Never sell at a loss! (There is a couple of exceptions to this – if you review your portfolio after 12 months and want to change into another project then this is ok. Also if your project goes into a death spiral (see LUNA) – then you’re better to get out with 5% of your portfolio than 0.001%)\n9. Have multiple exchanges ready and with KYC completed – don’t just have 1 exchange that could have downtime during a big spike and leave you holding the bags.\n10. Do not trade emotionally. Make sure it fits your strategy and principles\n11. Plan your exit strategy upfront so you can execute it without emotion – this is part of defining your strategy. Do not try to come up with your exit plan during the hype phase and chase the potential gains – you will never time it perfectly and chances are you fail to cash out enough. (Example strategy, for every x2, cash out 10% so you never lose your entire stack)\n12. Lambos are for noobs – when you get money for a super car you will not want to buy one. Porsche's are far better machines\n13. I always want some exposure to crypto (never cash out 100% of the portfolio fully to fiat or stablecoin)\n14. Do what the opposite of the market says – so check the fear and greed index. (It’s the same as the 2nd point above. Buy when it goes down and sell when it goes up.)\n\n&#x200B;\n\nhttps://preview.redd.it/wu7c7zmhi6f91.png?width=594&format=png&auto=webp&s=547cf4a264d37d1eefc4d1f30ae0aaa8d35c2b6e\n\nWhere it all started\n\nLiving in the UK, my first exposure to crypto was mining Bitcoin back in 2012 at University. I joined a mining pool and mined maybe 0.5 BTC which was worth almost nothing, and it’s gone to live with the crypto gods in a landfill somewhere in the South-West. Then I did almost nothing for several years – not even really following crypto developments because I had absolutely no money to buy anything with. (I was a student that used any spare money for beer – I have absolutely no regrets)\n\nThen at the beginning of 2018, I was encouraged to make my first big mistake in crypto. I was ‘advised’ by my step-father to invest in XRP, because it was almost a sure fire bet. I think I started to buy in on the way down around £0.90 and the price never recovered. What a brutal landing into crypto – I was almost dissuaded, but then I sat myself down and tried to plan out a longer term strategy that would be successful.\n\nDCA is your friend\n\nMy average price was £0.90, on an XRP that was only going down. I was in a lucky position that I was still young (under 30) and being able to make investments while still having my own house (that was priority number 1 which is why I didn’t invest in crypto from 2012-2018 – ask yourself also should you invest in crypto if that money should be better spent elsewhere like a house / medication / car etc). My thought process was – lets go big or go home. If it all goes to 0 – I’m young enough that I can build up another portfolio for retirement. Many people don’t even start in their 20s so if it all goes tits up, I can start again with something safer like stocks in my early 30s.\n\nSo what did I do? DCA. Every damn month without fail, I was buying up XRP. I was not trying to spread my portfolio into many different projects (I was not researching much about crypto and to be honest, I cannot follow 10+ projects properly, I would rather follow one in more detail – again part of my own strategy. I wanted to understand what I am investing in)\n\n&#x200B;\n\nhttps://preview.redd.it/0hoob3aji6f91.png?width=601&format=png&auto=webp&s=699668d1109d3a981ddd7c5b7da153fa11fd72fc\n\nBy the start of 2019 – my portfolio looked something like this, continuing to DCA, the portfolio value was increasing and just about made it to a goal of 100k XRP – I was pumped. My wife (gf at the time) was a little less amused, she didn’t understand this at all and thought I’m just throwing away money in\n\nResearching a backup plan\n\nSo XRP didn’t have a great start, the price was going down and I managed to get my average price to €0.30. (Yes it’s euro’s now not £ – I moved to live in the Netherlands in 2019). I continued to DCA but I was starting to think that maybe XRP was not the only horse I should back in the crypto race. This is when I started to spend a lot more time researching other projects and getting to understand the fundamental differences and the terminology (PoW vs PoS etc).\n\n2019 was where I made my riches, but I only continued to DCA into XRP. That doesn’t make any sense right? No, you’re wrong. RESEARCH! It is so damn important, the average investor is dumb as a brick and there is so much stupid money in the financial markets its insane. (Don’t get started on DOGE or TESLA stock – but they are prime examples where things are worth way more than they should – it defies logic).\n\nI was reading up about new projects and trying to find the new project that could come good – I didn’t want a super high risk micro cap that had a big change of going to 0, but also I didn’t want to bet on the big 2… BTC or ETH. So I looked at Coingecko and my strategy was to find a good project that had promise in the top 30. Let’s take a look at the crypto market cap ranking from the end of 2019:\n\n&#x200B;\n\nhttps://preview.redd.it/ckuzn7kki6f91.png?width=602&format=png&auto=webp&s=0c432f6f2c64853dba2535048ffb0ff4894dce35\n\nNot all of these projects lived up to their hype – many have come and gone but some have stood the test of time. I was looking for something that would still be around in 3-4 years and ad the potential for more explosive gains. (Logically it seemed less likely to me that BTC would go x10 compared to say Monero which was ranked 16).\n\nSo I spent most of 2019 researching up on projects and getting to find their project communities. This is a key point – facts and news are hard to come by in crypto. The best source you can get is from the project itself where you believe you can trust them (there are scam projects and rug pulls of course – if they sound too good to be true then it probably is). But do not rely on crypto news outlets or YouTube shills to give you your crypto news. It’s 2nd hand information and you also receive the info after other people have bought in – they are unloading their bags on you… Don’t be a mug – see fundamental point 2.\n\nMy first portfolio rebalancing\n\nSo 2019 has come and gone, I’v... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Paying in crypto is supposed to lower the fees people pay when they purchase things by cutting out the middlemen like banks, credit card firms and other payments processors. Along with privacy, that was the point of Bitcoin, described as a “purely peer-to-peer version of electronic cash” that allows payments “without going through financial institutions,” according to its pseudonymous creator, Satoshi Nakamoto. See more: Who Is Bitcoin Creator ‘Satoshi Nakamoto,’ and Why Does He Still Matter? But that leaves a very basic question: Who benefits the most from crypto payments? There’s a strong argument that it’s the merchant accepting it much more than the crypto owner buying with it. No debit card and credit card processing fees, no extra costs when rewards cards are used, no trying to convince consumers to hit debit instead of credit, no trying to get customers to accept surcharges — all that crypto payments have, if accepted directly, is the blockchain transaction fee. Which is paid by the sender not the recipient of a cryptocurrency transaction. See here: The Data Point: 44% of Consumers Say They Would Switch Merchants Over Card Surcharges Even when run through a crypto-only payments processor that takes the digital assets from the consumer and pays the merchant in fiat currency, the cost of accepting cryptocurrency is generally lower and comes without the need to take the volatility and security risks that come with using your own digital wallet. Read also: Crypto Basics Series: What’s a Crypto Wallet and How You Can Avoid Losing a Quarter Billion Dollars? Then there are chargebacks. Or rather the lack of them. Cryptocurrency payments are, by their nature, irreversible. The only way to get a crypto payment back is to have the recipient initiate a second transaction. With crypto payments, customers can ask for refunds, but they can’t demand chargebacks — an argument merchants considering accepting crypto tend to be very interested in. Story continues Which is to say, the card system today subsidizes the cardholder heavily at the expense of merchants. And in many ways, accepting crypto at checkout can reduce or eliminate those subsidies with relying on legislation, like the bipartisan bill introduced by senators Dick Durbin (D-Illinois) and Roger Marshall (R-Kansas) on July 28 that would give merchants the ability to process Visa and Mastercard over different networks. Read more: Sen. Durbin Wants Another Bite at Card Interchange Fees The Hard Core While the tumbling price of cryptocurrencies — Bitcoin has been down 65% to 70% since its November all-time high — has probably diminished crypto owners’ willingness to spend something at $22,000 when they bought it at $44,000. But people are still very much interested in spending a growing number of cryptocurrencies, including ether, stablecoins like USDC, and even dogecoin, Stephen Pair, president of crypto payments technology firm BitPay, told PYMNTS’ Karen Webster in May. Read also: More Consumers Buying Crypto and Want More Ways to Spend It That said, it is worth looking at who the crypto spender is. PYMNTS’ April study, “ The U.S. Crypto Consumer: Cryptocurrency Use In Online and In-Store Purchases ” found that 23% of Americans have or had owned crypto in the 12 months preceding it — almost 60 million, up from about 41.5 million the year before. See also: PYMNTS Data Show Jump in Crypto Ownership, Willingness to Spend It More than a quarter of high-income consumers said they are “very” or “extremely” likely to switch merchants in favor of one accepting cryptocurrency. One increasingly common way of spending crypto is with Visa- or Mastercard- branded crypto debit cards, many issued through exchanges and connected to clients’ digital wallets, that let users spend crypto at the point of sale without the merchant even knowing about it, as all they see is a debit card paying them cash. What comes across very clearly is that crypto spenders are the hardcore crypto users — the people who see bitcoin and other digital assets not as investments but as the future of payments — the next generation of currency. That makes the target crypto customer someone focused as much on the ideology of crypto — the back half of the first line in Nakamoto’s Bitcoin Whitepaper about peer-to-peer electronic payments, which reads, “without going through a financial institution.” And for that privilege of breaking free from financial institutions, they’re willing to give up a great many advantages that cards today provide them with. For all PYMNTS Crypto coverage, subscribe to the daily Crypto Newsletter .', 'Paying in crypto is supposed to lower the fees people pay when they purchase things by cutting out the middlemen like banks, credit card firms and other payments processors.\nAlong with privacy, that was the point of Bitcoin,describedas a “purely peer-to-peer version of electronic cash” that allows payments “without going through financial institutions,” according to its pseudonymous creator, Satoshi Nakamoto.\nSee more:Who Is Bitcoin Creator ‘Satoshi Nakamoto,’ and Why Does He Still Matter?\nBut that leaves a very basic question: Who benefits the most from crypto payments?\nThere’s a strong argument that it’s the merchant accepting it much more than the crypto owner buying with it. No debit card and credit card processing fees, no extra costs when rewards cards are used, no trying to convince consumers to hit debit instead of credit, no trying to get customers to accept surcharges — all that crypto payments have, if accepted directly, is the blockchain transaction fee. Which is paid by the sender not the recipient of a cryptocurrency transaction.\nSee here:The Data Point: 44% of Consumers Say They Would Switch Merchants Over Card Surcharges\nEven when run through a crypto-only payments processor that takes the digital assets from the consumer and pays the merchant in fiat currency, the cost of accepting cryptocurrency is generally lower and comes without the need to take the volatility and security risks that come with using your own digital wallet.\nRead also:Crypto Basics Series: What’s a Crypto Wallet and How You Can Avoid Losing a Quarter Billion Dollars?\nThen there are chargebacks. Or rather the lack of them. Cryptocurrency payments are, by their nature, irreversible. The only way to get a crypto payment back is to have the recipient initiate a second transaction. With crypto payments, customers can ask for refunds, but they can’t demand chargebacks — an argument merchants considering accepting crypto tend to be very interested in.\nWhich is to say, the card system today subsidizes the cardholder heavily at the expense of merchants. And in many ways, accepting crypto at checkout can reduce or eliminate those subsidies with relying on legislation, like the bipartisan billintroducedby senators Dick Durbin (D-Illinois) and Roger Marshall (R-Kansas) on July 28 that would give merchants the ability to process Visa and Mastercard over different networks.\nRead more:Sen. Durbin Wants Another Bite at Card Interchange Fees\nThe Hard Core\nWhile the tumbling price of cryptocurrencies — Bitcoin has been down 65% to 70% since its November all-time high — has probably diminished crypto owners’ willingness to spend something at $22,000 when they bought it at $44,000.\nBut people are still very much interested in spending a growing number of cryptocurrencies, including ether, stablecoins like USDC, and even dogecoin, Stephen Pair, president of crypto payments technology firm BitPay, told PYMNTS’ Karen Webster in May.\nRead also:More Consumers Buying Crypto and Want More Ways to Spend It\nThat said, it is worth looking at who the crypto spender is.\nPYMNTS’ April study, “The U.S. Crypto Consumer: Cryptocurrency Use In Online and In-Store Purchases” found that 23% of Americans have or had owned crypto in the 12 months preceding it — almost 60 million, up from about 41.5 million the year before.\nSee also:PYMNTS Data Show Jump in Crypto Ownership, Willingness to Spend It\nMore than a quarter of high-income consumers said they are “very” or “extremely” likely to switch merchants in favor of one accepting cryptocurrency.\nOne increasingly common way of spending crypto is with Visa- or Mastercard- branded crypto debit cards, many issued through exchanges and connected to clients’ digital wallets, that let users spend crypto at the point of sale without the merchant even knowing about it, as all they see is a debit card paying them cash.\nWhat comes across very clearly is that crypto spenders are the hardcore crypto users — the people who see bitcoin and other digital assets not as investments but as the future of payments — the next generation of currency.\nThat makes the target crypto customer someone focused as much on the ideology of crypto — the back half of the first line in Nakamoto’s Bitcoin Whitepaper about peer-to-peer electronic payments, which reads, “without going through a financial institution.”\nAnd for that privilege of breaking free from financial institutions, they’re willing to give up a great many advantages that cards today provide them with.\nFor all PYMNTS Crypto coverage, subscribe to the dailyCrypto Newsletter.', 'Bitcoin was trending lower in early Asia trading on Wednesday with most major cryptocurrencies falling. Bitcoin was priced at US$23,048 as of 8 a.m. in Hong Kong, down 1.2% in the prior 24 hours. Ethereum was little changed at US$1,643, up 0.3%, according to data from CoinMarketCap . See related article: Bitcoin, Ethereum lose ground; Polkadot skids after near six-week run up Fast facts All other tokens in CoinMarketCap\x92s top 10 traded lower, while BNB held a marginal gain of 0.4% to US$284.98. Ethereum Classic rose 5.5% to change hands at US$36.85 amid a surge of interest ahead of Ethereum\x92s \x93Merge.\x94 Cronos (CRO), the native cryptocurrency of Crypto.com\x92s Cronos chain, was up more than 10% to a six-week high of US$0.15 following the announceme Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-08-03 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $444,319,776,150 - Hash Rate: 199607727.89860287 - Transaction Count: 282037.0 - Unique Addresses: 693063.0 Social & AI Sentiment: - Fear & Greed Index: 0.34 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Sydney --News Direct-- Huobi Group Huobi Group, one of the world’s leading digital asset service providers, has completed its registration as a digital currency exchange provider with the Australian Transaction Reports and Analysis Centre (AUSTRAC). This marks the first step in the company’s push to offer digital currency exchange services in the country. It is also the latest compliance milestone in Huobi Group’s global expansion. According to the relevant AUSTRAC regulations, Huobi Global can provide the following services after successful registration: money (Australian or foreign currency) for digital currency, digital currency for money (Australian or foreign currency). Huobi Global will mainly plan to provide OTC services after receiving the registration status this time. Huobi Group CFO Lily Zhang said: “We have always made security and compliance our highest priorities, as we believe that only under this principle can we grow alongside the industry to provide professional and secure services to our users.” As one of the earliest digital asset exchanges to offer cryptocurrency trading worldwide, Huobi Group has been working toward compliant growth since 2017. As of today, Huobi Group is licensed for various cryptocurrency-related services in a number of countries and regions, including South Korea, Japan, and Gibraltar. Just a week ago, Huobi Group was granted MVP provisional approval by the Dubai Virtual Assets Regulatory Authority (VARA) while it applies for a license, in accordance with VARA requirements. The license will enable Huobi Investment FZE, Huobi’s UAE-based entity, to offer a full suite of virtual asset exchange products and services, within the parameters set by VARA’s specialized “test-adapt-scale” model. In late June, Huobi Group received the DIFC license for innovative technology companies in Dubai. In the same month, it was listed on New Zealand's Financial Services Provider Register (FSPR) which enables it to operate a regulated foreign currency exchange, money or value transfer services, and crypto OTC trading services in the country. Story continues “We are pleased to see the growing number of licenses and registrations we have received globally, which demonstrates our commitment to compliant growth. We aim to sustain this momentum to drive our global expansion,” Zhang added. About Huobi Group Founded in 2013, Huobi Group is one of the world’s leading digital asset service providers, with tens of millions of users across five continents and 160 countries and regions. We are dedicated to empowering financial freedom and creating new global wealth, having led the cryptocurrency industry in spot, derivatives, and Bitcoin transactions for many years. Our infrastructure, operations and offerings are built on processes and standards that prioritize user safety and industry compliance, backed by strong global customer support underpinned by local expertise. It offers a unique trading environment that is truly customer-first, safe and sustainable for all users, enabling their long-term success. For more information, visit www.huobi.com Contact Details Huobi PR Team [email protected] View source version on newsdirect.com: https://newsdirect.com/news/huobi-group-registered-as-digital-currency-exchange-provider-in-australia-358612763... - Reddit Posts (Sample): [['u/DannyMtld', 'Feedback on my first week?', 23, '2022-08-03 00:18', 'https://www.reddit.com/r/Daytrading/comments/weowwm/feedback_on_my_first_week/', "I've spent my first 7 days day trading BTC/USDT and ended up with 12 trades of which I won 9 (75% W/L). I make somewhere around -0,50% to +1,50% everyday. Only had 2 red days so far. This week ended with +3,33% on my initial balance. I'm wondering if these stats are 'good enough' for a beginner? \n\nI'm trading with very little money (<$100) to see if I'm able to make profit at all before I commit more money up front. I've respected my stop/losses. In my opinion any profit is good profit right?", 'https://www.reddit.com/r/Daytrading/comments/weowwm/feedback_on_my_first_week/', 'weowwm', [['u/muaddibz', 13, '2022-08-03 00:58', 'https://www.reddit.com/r/Daytrading/comments/weowwm/feedback_on_my_first_week/iipj4fg/', 'If you are not losing then you are in the top 10% of traders', 'weowwm'], ['u/RogueTraderX', 15, '2022-08-03 01:51', 'https://www.reddit.com/r/Daytrading/comments/weowwm/feedback_on_my_first_week/iipqkte/', "Risk management is king\n\nOnly risk 1% of your account per trade.\n\nHave a max loss of 3% each day.\n\nStudy how you could have avoided your losers.\n\nStudy how you could have reduced your losers.\n\nYou shouldn't be consistently making the same mistakes. \n\nStudy how you could have improved your winners.\n\nYou want to aim for atleast a 50% win rate and atleast a 1:2 risk to reward / 2R profit factor.\n\nThe more the better, but that is a good baseline.", 'weowwm']]], ['u/RoboticElfJedi', "How does the butters' final scenario play out?", 32, '2022-08-03 01:42', 'https://www.reddit.com/r/Buttcoin/comments/wequyb/how_does_the_butters_final_scenario_play_out/', 'It is an article of faith amongst Bitcoin proponents that Bitcoin will one day totally replace fiat currency, due to its many compelling advantages. But I\'ve never heard a detailed account of how this is going to play out, like how all us serfs with no BTC will move over and start getting paid and buying groceries with crypto in a new economy.\n\nSo assuming the advantages of BTC were real (they aren\'t), what would the transition away from regular money look like? The butters seem to assume that Bitcoin itself will be adopted as the world\'s store of wealth, and so anyone who owns a bitcoin will automatically have 1 21-millionth of the world\'s money, which is a lot. But it seems obvious to me that if we were going to transition wholesale away from fiat currency, the powers that be wouldn\'t go for a system where most of the world\'s wealth is suddenly held by a small group of crypto bros. It wouldn\'t be like, "welp, Bitcoin is perfect, we all have to use it, so I guess we are all owned by the guys with Bitcoin now. I hope they will give us some money to live on and to pay our army with." Anyone, such as a government, a local warlord, or the United Nations, could make a new clone of Bitcoin - and they could do it in such a way that the Bitcoin supply was shared more fairly (i.e. the people who are rich and powerful now get lots of it and we get the leavings).\n\nIn other words, it seems to me that on the day of Bitcoin\'s final victory over fiat, all of the Butters will be queuing up with the rest of us with fresh clean wallets hoping to get some.', 'https://www.reddit.com/r/Buttcoin/comments/wequyb/how_does_the_butters_final_scenario_play_out/', 'wequyb', [['u/PneumaticAtol39', 13, '2022-08-03 02:16', 'https://www.reddit.com/r/Buttcoin/comments/wequyb/how_does_the_butters_final_scenario_play_out/iiptwc2/', 'With them driving in the Lambos. They go to the market and as soon as they step out, mere normies lay down to lay a path for them to step into the store which welcomes them with open arms. They get to be shit to everyone around them.\n\nBasically them living in Cheshire (replace Landrovers with Lambos).', 'wequyb'], ['u/martavisgriffin', 21, '2022-08-03 03:01', 'https://www.reddit.com/r/Buttcoin/comments/wequyb/how_does_the_butters_final_scenario_play_out/iiq011r/', 'I heard deflation and people not spending money is great for the economy', 'wequyb'], ['u/RoboticElfJedi', 14, '2022-08-03 06:51', 'https://www.reddit.com/r/Buttcoin/comments/wequyb/how_does_the_butters_final_scenario_play_out/iiqsdw1/', ">And it kind of blows a hole in the altruism of those who try to sell it as technology for helping people. When you say “It’s going to shake up the system and totally change everything” while you’re furiously buying butt, what you’re really saying is that this is your attempt to ensure that when the dust settles, it’s \n> \n>you on top of the heap.\n\nI haven't heard this spelled out so succinctly before, but you are right. Bitcoin as the great leveler and enabler doesn't make sense if early adopters can profitably hoard it all.", 'wequyb']]], ['u/tanker95', '“Other countries,” a pep talk, and venting my feelings to make myself feel better.', 46, '2022-08-03 05:28', 'https://www.reddit.com/r/AMPToken/comments/wevok4/other_countries_a_pep_talk_and_venting_my/', 'Flexa has always moved in silence. Now I Know why. I have a feeling they knew this day would come. It’s the little guy vs. the industry giants like Visa, Mastercard, and the SEC. Look any other crypto project. Do you think any of them are in a better position to go against the SEC than Flexa? They have been focused on compliance since day one. I am convinced they are working hard right now getting things in order for this battle. When they drop the hammer, they are going to drop the MF’ing hammer! Look at the advisor board, legal team, licenses, NY headquarters, etc. This is not over by any means. \n\nThis brings me to my second point. Tyler himself mentioned Flexa is working directly with other countries like they are with El Salvador. Granted, things in the US might get tied up for months, possibly years, but that is not the end of Flexa/AMP. AMP is still being used at collateral in El Salvador, 60,000+ locations in the US, and lest we forget, seems to have some merchants in the works with this commercial we have been stewing over for a while now. These “other countries” may very well be what helps keep Flexa and AMP rolling while Flexa is tied up in the US with the SEC.\n\nDon’t act on emotions alone! If you are considering selling, I’m not going to tell you not to. But take some time to truly evaluate your plan. At one point, many of us were buying AMP before it was even listed on Binance, and Crypto.com. There is a storm brewing in crypto, and this is just the beginning. What’s happening with AMP, may very well be happening with the majority of crypto projects soon. The SEC and elites are scared of the innovation that is on the horizon. They are afraid of losing the power traditional finance has lined there pockets with for so many years. Pulling your AMP investment to move to other projects may find you in the same dilemma you are experiencing today. Because I know for damn sure the Flexa team is better prepared for this battle than projects like Solana, Cardano, Shiba, Doge, etc. \n\nInvesting in anything other than Bitcoin (and maybe ethereum) is risky right now. This is just the beginning. If you feel you are over invested in AMP, diversify. If you think the price is going to go down, sell and sit on your bag. If you have lost faith in AMP, put your money where your heart is. But for me, I’m either going down with the ship, or riding this rocket to the moon(once it launches due to this temporary delay….)', 'https://www.reddit.com/r/AMPToken/comments/wevok4/other_countries_a_pep_talk_and_venting_my/', 'wevok4', [['u/ShaneTwenty20', 21, '2022-08-03 05:43', 'https://www.reddit.com/r/AMPToken/comments/wevok4/other_countries_a_pep_talk_and_venting_my/iiqkzmo/', 'Good point, any crypto that is not US originated almost surely pays far less attention to compliance in the US, out of the hundreds on CB, my guess is only a handful have more than ten full time employees and those are technical guys not lawyers. \n\nFLEXA doesn\'t even have to "lawyer up" because:\n1) they are not AMP and \n2) they already have two full time crypto lawyers on staff\n\nThis whole "what crypto is a security" may vanish once courts rule that current law is too vague to be enforceable (legitimate legal tactic) and that SEC is acting in an arbitrary in capricious manner (a legal standard used in judging validity of government agency enforcement actions)', 'wevok4'], ['u/wakeupmrwes', 15, '2022-08-03 06:05', 'https://www.reddit.com/r/AMPToken/comments/wevok4/other_countries_a_pep_talk_and_venting_my/iiqnj06/', 'The “David and Goliath” or “common man vs the elites” trope is getting old. This sub is starting to read like a QAnon thread. \n\nThe reality is likely so boring and ordinary. The SEC is just doing it’s boring job and Visa and Mastercard just want to keep doing their boring jobs, and AMP as a token/security (or Flexa as a company) isn’t even a thought that anyone at any of these institutions has outside of working hours. \n\nThink about it this way: in prior months any mention of Visa/MC was met with “bro you don’t get it it’s not a zero sum game everyone can exist in harmony and Flexa just wants a small sliver of the pie”. Now that AMP is under investigation, these same companies are being implicated in some conspiracy to suppress AMP’s potential because it has so much disruptive potential. \n\nCan’t have it both ways. And don’t forget, AMP was down ~90% from its all time high before the SEC got involved in any way, and before any exchanges started to delist it. I understand the frustration, but the majority of complaints about price are the result of the project’s lack of success to this point - not the fault of other institutions doing their jobs.', 'wevok4'], ['u/AMPhowdoesitwork', 10, '2022-08-03 06:52', 'https://www.reddit.com/r/AMPToken/comments/wevok4/other_countries_a_pep_talk_and_venting_my/iiqsgpw/', 'Lack of success... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin was trending lower to little-changed in early Asia trading on Thursday with most major cryptocurrencies losing ground. Solana remained lower after reports of a hack on its network. Bitcoin was priced at US$22,848 as of 8 a.m. in Hong Kong, off 0.6% in the last 24 hours. Ethereum dipped 0.8% to US$1,615, according todata from CoinMarketCap.See related article:Bitcoin falls in market downtrend, ETH treads water, ETC and CRO edge up\n• Solana saw the biggest losses in CoinMarketCap’s top ten list by market cap, trading down 6.53% to US$38.36, continuing its losses from Wednesday amidreports of hacks on the networkthat had caused wallets to be drained.\n• BNB was one of two top ten cryptos to buck the downtrend, rising 5% to change hands at US$297.46,amid reportsBinance, the issuer of BNB, was offering staking services for more tokens. Cardano edged up 0.8% to US$0.50.\n• Further down the list, the decentralized finance (DeFi) token Uniswap rose 7.16% to US$9.00.\n• Traditional stock markets fared better overnight; the Nasdaq Composite closed 2.6% higher on Wednesday, while the Dow Jones Industrial Average gained 1.3% and the S&P 500 Index finished up 1.6%.\n• The gains in equities came as the speaker of the U.S. House of Representatives Nancy Pelosi left Taiwan Wednesday afternoon after a diplomatic visit that escalated tensions between China and the U.S. and raised fears of a potential military confrontation.\nSee related article:DeFi explained: The guide to decentralized finance', 'Bitcoin was trending lower to little-changed in early Asia trading on Thursday with most major cryptocurrencies losing ground. Solana remained lower after reports of a hack on its network. Bitcoin was priced at US$22,848 as of 8 a.m. in Hong Kong, off 0.6% in the last 24 hours. Ethereum dipped 0.8% to US$1,615, according to data from CoinMarketCap . See related article: Bitcoin falls in market downtrend, ETH treads water, ETC and CRO edge up Fast facts Solana saw the biggest losses in CoinMarketCap\x92s top ten list by market cap, trading down 6.53% to US$38.36, continuing its losses from Wednesday amid reports of hacks on the network that had caused wallets to be drained. BNB was one of two top ten cryptos to buck the downtrend, rising 5% to change hands at US$297.46, amid reports Binance, the issuer of BNB, was offering staking services for more tokens. Cardano edged up 0.8% to US$0.50. Further down the list, the decentralized finance (DeFi) token Uniswap rose 7.16% to US$9.00. Traditional stock markets fared better overnight; the Nasdaq Composite closed 2.6% higher on Wednesday, while the Dow Jones Industrial Average gained 1.3% and the S&P 500 Index finished up 1.6%. The gains in equities came as the speaker of the U.S. House of Representatives Nancy Pelosi left Taiwan Wednesday afternoon after a diplomatic visit that escalated tensions between China and the U.S. and raised fears of a potential military confrontation. See related article: DeFi explained: The guide to decentralized finance', 'Bitcoin was trending lower to little-changed in early Asia trading on Thursday with most major cryptocurrencies losing ground. Solana remained lower after reports of a hack on its network. Bitcoin was priced at US$22,848 as of 8 a.m. in Hong Kong, off 0.6% in the last 24 hours. Ethereum dipped 0.8% to US$1,615, according todata from CoinMarketCap.See related article:Bitcoin falls in market downtrend, ETH treads water, ETC and CRO edge up\n• Solana saw the biggest losses in CoinMarketCap’s top ten list by market cap, trading down 6.53% to US$38.36, continuing its losses from Wednesday amidreports of hacks on the networkthat had caused wallets to be drained.\n• BNB was one of two top ten cryptos to buck the downtrend, rising 5% to change hands at US$297.46,amid reportsBinance, the issuer of BNB, was offering staking services for more tokens. Cardano edged up 0.8% to US$0.50.\n• Further down the list, the decentralized finance (DeFi) token Uniswap rose 7.16% to US$9.00.\n• Traditional stock markets fared better overnight; the Nasdaq Composite closed 2.6% higher on Wednesday, while the Dow Jones Industrial Average gained 1.3% and the S&P 500 Index finished up 1.6%.\n• The gains in equities came as the speaker of the U.S. House of Representatives Nancy Pelosi left Taiwan Wednesday afternoon after a diplomatic visit that escalated tensions between China and the U.S. and raised fears of a potential military confrontation.\nSee related article:DeFi explained: The guide to decentralized finance', 'By Alun John\nHONG KONG, Aug 4 (Reuters) - The dollar was on the front foot on Thursday, helped by several U.S. Federal Reserve officials pushing back against suggestions they will slow the pace of interest rate hikes, while the pound was flat ahead of a Bank of England meeting.\nThe dollar index, which measures the greenback against six peers, was steady in early trade at 106.39 having eked out small gains overnight. It is up around 0.5% this week, reversing the trend of the previous two weeks.\n"The dollar weakened last week after the (policy setting) Federal Open Market Committee meeting because the market wanted to believe that the Fed was pivoting in a dovish manner because of slowing growth," said Sim Moh Siong, currency strategist at Bank of Singapore.\n"This week, there are a lot more FOMC speakers pushing back against this idea, all singing the same tune: ‘we are not done, and you should expect more rate hikes’," he added .\nSan Francisco Fed President Mary Daly and Minneapolis Fed President Neel Kashkari overnight voiced their determination to rein in high inflation, reiterating similar messages from other officials the day before.\nA Reuters poll of analysts earlier this week found 70% thought the dollar was yet to peak in this cycle, even after the dollar index hit a two-decade peak in July.\nAccording to CME\'s FedWatch tool, the market is pricing in a 58% chance of a 50 basis point rate hike at the Fed\'s September meeting, and a 42% chance of a another massive 75 basis point increase.\nHowever Sim said the dollar\'s recent performance was a mixed picture as the improved risk sentiment, which has also helped equity prices in the U.S. has been supporting risk friendlier currencies.\nThe Australian dollar was at $0.695 on Thursday morning after gaining 0.46% the day before, trying to head back above the symbolic $0.7 level it fell from earlier in the week after seemingly dovish remarks from the central bank.\nAlso in central bank news, Sterling was little changed at $1.2158 ahead of a BOE meeting later in the day at which most investors expect the central bank will raise rate by 50 basis points to 1.75%, the highest level since late 2008.\nThe decision is due at 1100 GMT.\nThe euro was flat at $1.01635 and the Japanese yen , which has borne the brunt of this week\'s dollar gains, recovered a little to 133.54 per dollar.\nBitcoin was up a touch at $23,000.\n(Reporting by Alun John; Editing bt Sam Holmes)', 'By Alun John HONG KONG, Aug 4 (Reuters) - The dollar was on the front foot on Thursday, helped by several U.S. Federal Reserve officials pushing back against suggestions they will slow the pace of interest rate hikes, while the pound was flat ahead of a Bank of England meeting. The dollar index, which measures the greenback against six peers, was steady in early trade at 106.39 having eked out small gains overnight. It is up around 0.5% this week, reversing the trend of the previous two weeks. "The dollar weakened last week after the (policy setting) Federal Open Market Committee meeting because the market wanted to believe that the Fed was pivoting in a dovish manner because of slowing growth," said Sim Moh Siong, currency strategist at Bank of Singapore. "This week, there are a lot more FOMC speakers pushing back against this idea, all singing the same tune: ‘we are not done, and you should expect more rate hikes’," he added . San Francisco Fed President Mary Daly and Minneapolis Fed President Neel Kashkari overnight voiced their determination to rein in high inflation, reiterating similar messages from other officials the day before. A Reuters poll of analysts earlier this week found 70% thought the dollar was yet to peak in this cycle, even after the dollar index hit a two-decade peak in July. According to CME\'s FedWatch tool, the market is pricing in a 58% chance of a 50 basis point rate hike at the Fed\'s September meeting, and a 42% chance of a another massive 75 basis point increase. However Sim said the dollar\'s recent performance was a mixed picture as the improved risk sentiment, which has also helped equity prices in the U.S. has been supporting risk friendlier currencies. The Australian dollar was at $0.695 on Thursday morning after gaining 0.46% the day before, trying to head back above the symbolic $0.7 level it fell from earlier in the week after seemingly dovish remarks from the central bank. Story continues Also in central bank news, Sterling was little changed at $1.2158 ahead of a BOE meeting later in the day at which most investors expect the central bank will raise rate by 50 basis points to 1.75%, the highest level since late 2008. The decision is due at 1100 GMT. The euro was flat at $1.01635 and the Japanese yen , which has borne the brunt of this week\'s dollar gains, recovered a little to 133.54 per dollar. Bitcoin was up a touch at $23,000. (Reporting by Alun John; Editing bt Sam Holmes)', 'The massive Solana wallet exploit that began on Wednesday Hong Kong time is believed to be related to the Slope mobile wallet app, while there is no evidence to show the blockchain\x92s code was compromised, Solana said. See related article: Bitcoin, Ethereum little changed; Solana still lower after network hack Fast facts \x93Private key information was inadvertently transmitted to an application monitoring service,\x94 Solana said on its verified Twitter account. It is still investigating the details of exactly how Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-08-04 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $437,552,703,575 - Hash Rate: 183173748.8020644 - Transaction Count: 279707.0 - Unique Addresses: 695558.0 Social & AI Sentiment: - Fear & Greed Index: 0.30 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: SAN SALVADOR (Reuters) - El Salvador's Finance Minister Alejandro Zelaya on Monday dismissed concerns that a sharp drop in the value of bitcoin could hurt the Central American nation's fiscal health. El Salvador last September became the first country to make bitcoin a legal tender, alongside the U.S. dollar, despite criticism by the International Monetary Fund and credit agencies. "When they tell me that the fiscal risk for El Salvador because of Bitcoin is really high, the only thing I can do is smile," Zelaya said at a press conference. "The fiscal risk is extremely minimal." Since last September, El Salvador's government has purchased 2,301 units of the cryptocurrency, which fell on Monday to its lowest value since 2020. Zelaya cited an earlier estimate from Deutsche Welles that the country's bitcoin portfolio had lost some $40 million in value. "Forty million dollars does not even represent 0.5% of our national general budget," he said. Bitcoin's value has dropped some 50% since it became legal tender in the country. (Reporting by Nelson Renteria; Writing by Brendan O'Boyle; Editing by Richard Pullin)... - Reddit Posts (Sample): [['u/archeeye', 'Can someone explain what happened with crypto to one who has been away from a keyboard for the past year?', 34, '2022-08-04 02:50', 'https://www.reddit.com/r/BitcoinMarkets/comments/wfnaj1/can_someone_explain_what_happened_with_crypto_to/', "Well, the inevitable crush at btc around 69k is fair. Consolation or what you call it. But what happened to whole market ever after? What is it explained by?\n\nMarket participants seemed to be so hopeful with big tech and legal supporting the claims and ''trends''. From looking at it as an outsider it does seem that the whole narrative and price rationale is always given in hindsight instead of having much of a predicting power. But thats just my speculation of course.\n\nI expect this to be a bit of the dumb dumb question but would be thankful for some of your insights..", 'https://www.reddit.com/r/BitcoinMarkets/comments/wfnaj1/can_someone_explain_what_happened_with_crypto_to/', 'wfnaj1', [['u/humansubjects', 72, '2022-08-04 03:02', 'https://www.reddit.com/r/BitcoinMarkets/comments/wfnaj1/can_someone_explain_what_happened_with_crypto_to/iiuuqbh/', 'Tech stocks dumped, taking crypto down with it. A stablecoin imploded, Celsius was indeed a scam, and crypto gets traded like a risk-on asset as we go into a recession. But it looks like we may have hit bottom.', 'wfnaj1'], ['u/SpicyBurittoz', 23, '2022-08-04 03:53', 'https://www.reddit.com/r/BitcoinMarkets/comments/wfnaj1/can_someone_explain_what_happened_with_crypto_to/iiv1he3/', "Same thing that Bitcoin's done multiple times now over the last 13 years. Manic bull market with a higher high, followed by a bear market with a higher low. People love to apply narratives to every step of the price action, but Bitcoin always seems to respect this somewhat predictable pattern while following a logarithmic regression adoption curve.", 'wfnaj1'], ['u/DamonAndTheSea', 13, '2022-08-04 05:57', 'https://www.reddit.com/r/BitcoinMarkets/comments/wfnaj1/can_someone_explain_what_happened_with_crypto_to/iivgdnp/', 'This is a great tl:dr', 'wfnaj1'], ['u/tighter_wires', 12, '2022-08-04 12:49', 'https://www.reddit.com/r/BitcoinMarkets/comments/wfnaj1/can_someone_explain_what_happened_with_crypto_to/iiwev0o/', '>\tas we go into a recession… it looks like we may have hit bottom \n\nHmmm….', 'wfnaj1']]], ['u/One_2_Three', "BCH, yes it's fast, but fast to zero confirmations?", 22, '2022-08-04 03:20', 'https://www.reddit.com/r/Bitcoincash/comments/wfnyex/bch_yes_its_fast_but_fast_to_zero_confirmations/', "Not a hate post, a question. Ok, bough a few coins to check this out. I'm in Canada, it's a challenge to buy BCH here, Shakepay -> BTC -> Kraken -> BCH. That system works ok, lost about $4 on a few $100CAD order.\n\nAnyhow, made a few Tx from main wallet to mobile wallet and back. Fast, cost like $0.0001 to transfer, all on L1. GREAT, love it! LN is cool in all, but to have everything on L1 is damn convenient.\n\nHere is my question. The Tx happens quick but at 0 confirmations. To get to 1 confirmation it takes a while, somewhat like BTC (which is what I'm used to). Can the sender reverse that transaction before 1 conf. happens? \n\nYes, my knowledge on this aspect of BCH is limited, this is why I'm here. And yes, I'm liking what I see in BCH. Thanks!\n\nEdit: thanks for all your replies. Very helpful!\n\nEdit2: this post seems to be hidden from this sub-Reddit? Why?", 'https://www.reddit.com/r/Bitcoincash/comments/wfnyex/bch_yes_its_fast_but_fast_to_zero_confirmations/', 'wfnyex', [['u/MobTwo', 18, '2022-08-04 03:34', 'https://www.reddit.com/r/Bitcoincash/comments/wfnyex/bch_yes_its_fast_but_fast_to_zero_confirmations/iiuz0ds/', "To remove all doubts that accepting 0 confirmations can be safe, what better way to have a business that, if 0 confirmations is not safe enough, will bankrupt the business? That's why SpinBCH.com was created to prove that accepting 0 confirmations is safe enough (nothing is 100% safe) and that SpinBCH has been in business for many years already accepting 0-conf. That is more than enough evidence for me to have a business accepting 0-conf for years and still running without any problems.", 'wfnyex'], ['u/KallistiOW', 12, '2022-08-04 04:11', 'https://www.reddit.com/r/Bitcoincash/comments/wfnyex/bch_yes_its_fast_but_fast_to_zero_confirmations/iiv3w0r/', 'One of the main reasons that double-spends are a problem on BTC is because of the "replace-by-fee" anti-feature. An unconfirmed (0-conf) transaction can be replaced by a higher fee transaction that uses the same inputs, and if the merchant delivered goods already then they would be stolen.\n\nNot only has BitcoinCash removed replace-by-fee, it also has additional protection against 0-conf double spends:\n\n- Nodes respect the "first seen" rule, so if there\'s a double-spend attempt, the transaction that the network observed first would be the "valid" transaction.\n\n- Nodes also propagate a "double spend proof" that informs other nodes that a double spend attempt has been observed. Merchant-facing software can then notify a clerk or an admin about the foul play and take action as appropriate for the situation.\n\n~~BTC with these same features would also be secure for 0-conf transactions.~~ (edit: not true because transactions can fall out of mempool after a long time of not being mined into a block) Actually, even without double spend proofs, it still costs a non-negligible amount of real money in order to attempt a malicious reorg of the chain. That\'s the whole point of mining.\n\nEdit: check out https://doublespend.cash/', 'wfnyex']]], ['u/Sammy12xyz', 'Decentralization is the way. An Iranian family’s struggle with sanctions.', 94, '2022-08-04 03:59', 'https://www.reddit.com/r/CryptoCurrency/comments/wforph/decentralization_is_the_way_an_iranian_familys/', 'Rant. We are normal people. We have no criminal record. We just want to lead normal lives. \n\nA simple money transfer has taken over 20 days, and when finally sent it was rejected as Iranians cannot have a USD account. \n\nNo, more like I can’t transfer USD using banks. \n\nIt took 20 days. Unfortunately, my father ended up taking a risk, flew out of the country and physically brought USD cash into Turkey. \n\nWhat could have been done in less than an hour using a crypto exchange ended up taking 23 Days and a lot of unnecessary risk. \n\nUnless you’re from a select group of very special countries you don’t know what it’s like to have something like crypto in your life. The sheer difficulty to send 100KUSD almost had us losing out on a property deal. \n\nPoint to note: We HAD to send USD as Turkey needs to see only USD being exchanged to Turkish Lira for foreign property purchases. \n\nMy father does not understand crypto and wouldn’t listen to me and frankly even id be cautious. \n\n\nIt should not be this difficult, but it is. Just made me appreciate what a blessing it is to be able to do a simple transfer that easily. \n\nViva BTC ✌🏼', 'https://www.reddit.com/r/CryptoCurrency/comments/wforph/decentralization_is_the_way_an_iranian_familys/', 'wforph', [['u/Harold838383', 10, '2022-08-04 05:14', 'https://www.reddit.com/r/CryptoCurrency/comments/wforph/decentralization_is_the_way_an_iranian_familys/iivbcfw/', "Crypto will be widely adopted if it truly makes life that much easier for people. It's only a matter of time", 'wforph'], ['u/Baecchus', 46, '2022-08-04 06:08', 'https://www.reddit.com/r/CryptoCurrency/comments/wforph/decentralization_is_the_way_an_iranian_familys/iivhm3n/', 'I live in Turkey and I had a similar situation that ended up being solved by Crypto. When people ask what problem Crypto solves you can tell they live in a first world bubble.', 'wforph'], ['u/evelynvee', 21, '2022-08-04 06:58', 'https://www.reddit.com/r/CryptoCurrency/comments/wforph/decentralization_is_the_way_an_iranian_familys/iivms9s/', "Yep, 60% of reddit are from US and the rest is mostly 1st world Europe. They rarely hear about the other side of the world.\n\nI had same experience in my country.\n\nPaypal and Stripe are pretty much blocked. No banks would accept them other than small banks that give terrible conversion rate.\n\nUSD banknote also has 30-40% premium because our currency is shit.\n\nIt's only thanks to Binance and their p2p platform that we can buy BUSD with only 1-2% premium", 'wforph']]], ['u/diego_DFN', 'BTC Testnet < > ICP Integration: the testnet is live 🎉', 58, '2022-08-04 05:55', 'https://www.reddit.com/r/dfinity/comments/wfr2br/btc_testnet_icp_integration_the_testnet_is_live/', 'Check out the link on dev forum to documentaron + sample code!', 'https://forum.dfinity.org/t/btc-testnet-icp-integration-the-testnet-is-live/14675', 'wfr2br', [['u/Fun-Tree-5888', 17, '2022-08-04 07:32', 'https://www.reddit.com/r/dfinity/comments/wfr2br/btc_testnet_icp_integration_the_testnet_is_live/iivq0qt/', 'Congratulations and well done to the Dfinity team for this amazing achievement . Can’t wait to see and use live use cases. \n\nHas a PR offensive been planned to get this incredible news out to the Crypto media?', 'wfr2br']]], ['u/AutoModerator', '[Daily Discussion] - Thursday, August 04, 2022', 35, '2022-08-04 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/wfr5h2/daily_discussion_thursday_august_04_2022/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https:/... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['It was a mixed bag for the top 10 cryptocurrencies Friday morning in Asia, with most moving less than 1%. Bitcoin dipped, while BNB continued its breakout run for a second day. Bitcoin was trading at US$22,612 as of 8 a.m. in Hong Kong, down 1% in the last 24 hours. Ethereum slipped 0.7% to US$1,607,according to data from CoinMarketCap.See related article:Bitcoin, Ethereum little changed; Solana still lower after network hack\n• BNB gained 4.6% to change hands at US$311.18, followingreportson Thursday that Binance, the issuer of BNB, was expanding its staking service offerings to more cryptocurrencies. Investors also seem to like the news that cofounder Yi He is set tohead Binance Labs, the firm’s venture capital and accelerator arm.\n• Flow token gained 40% to trade at US$2.58 — the highest since early June — following the announcement that Meta (formerly Facebook) will enable a Flow-based non-fungible token (NFT) integration with Instagram in over 100 countries.\n• Equity markets also traded mixed amid lingering concerns about U.S.-China tensions over Taiwan and ahead of the release of non-farm payroll numbers in the U.S. on Friday, a leading economic indicator.\n• The Nasdaq Composite closed 0.4% higher on Thursday, while the Dow Jones Industrial Average lost 0.3% and the S&P 500 Index finished down 0.8%.\n• The Bank of England also raised interest rates on Thursday by 50 basis points to 1.75% — its sharpest raise in 27 years —\xa0while warning a recession could last more than 12 months and inflation could reach 13% in the country by year’s end.\nSee related article:Meta’s attempts at building a metaverse will ‘misfire’: Vitalik Buterin', 'It was a mixed bag for the top 10 cryptocurrencies Friday morning in Asia, with most moving less than 1%. Bitcoin dipped, while BNB continued its breakout run for a second day. Bitcoin was trading at US$22,612 as of 8 a.m. in Hong Kong, down 1% in the last 24 hours. Ethereum slipped 0.7% to US$1,607, according to data from CoinMarketCap . See related article: Bitcoin, Ethereum little changed; Solana still lower after network hack Fast facts BNB gained 4.6% to change hands at US$311.18, following reports on Thursday that Binance, the issuer of BNB, was expanding its staking service offerings to more cryptocurrencies. Investors also seem to like the news that cofounder Yi He is set to head Binance Labs , the firm\x92s venture capital and accelerator arm. Flow token gained 40% to trade at US$2.58 \x97 the highest since early June \x97 following the announcement that Meta (formerly Facebook) will enable a Flow-based non-fungible token (NFT) integration with Instagram in over 100 countries. Equity markets also traded mixed amid lingering concerns about U.S.-China tensions over Taiwan and ahead of the release of non-farm payroll numbers in the U.S. on Friday, a leading economic indicator. The Nasdaq Composite closed 0.4% higher on Thursday, while the Dow Jones Industrial Average lost 0.3% and the S&P 500 Index finished down 0.8%. The Bank of England also raised interest rates on Thursday by 50 basis points to 1.75% \x97 its sharpest raise in 27 years \x97\xa0while warning a recession could last more than 12 months and inflation could reach 13% in the country by year\x92s end. See related article: Meta\x92s attempts at building a metaverse will \x91misfire\x92: Vitalik Buterin', 'It was a mixed bag for the top 10 cryptocurrencies Friday morning in Asia, with most moving less than 1%. Bitcoin dipped, while BNB continued its breakout run for a second day. Bitcoin was trading at US$22,612 as of 8 a.m. in Hong Kong, down 1% in the last 24 hours. Ethereum slipped 0.7% to US$1,607,according to data from CoinMarketCap.See related article:Bitcoin, Ethereum little changed; Solana still lower after network hack\n• BNB gained 4.6% to change hands at US$311.18, followingreportson Thursday that Binance, the issuer of BNB, was expanding its staking service offerings to more cryptocurrencies. Investors also seem to like the news that cofounder Yi He is set tohead Binance Labs, the firm’s venture capital and accelerator arm.\n• Flow token gained 40% to trade at US$2.58 — the highest since early June — following the announcement that Meta (formerly Facebook) will enable a Flow-based non-fungible token (NFT) integration with Instagram in over 100 countries.\n• Equity markets also traded mixed amid lingering concerns about U.S.-China tensions over Taiwan and ahead of the release of non-farm payroll numbers in the U.S. on Friday, a leading economic indicator.\n• The Nasdaq Composite closed 0.4% higher on Thursday, while the Dow Jones Industrial Average lost 0.3% and the S&P 500 Index finished down 0.8%.\n• The Bank of England also raised interest rates on Thursday by 50 basis points to 1.75% — its sharpest raise in 27 years —\xa0while warning a recession could last more than 12 months and inflation could reach 13% in the country by year’s end.\nSee related article:Meta’s attempts at building a metaverse will ‘misfire’: Vitalik Buterin', 'Bitcoin mining difficulty rose by 1.74% on Thursday following three consecutive drops in previous adjustments, according to data from BTC.com. See related article: Chinese mining rig maker Canaan says global expansion on track despite \x91crypto winter\x92 Fast facts The mining difficulty reading was at 28.17 trillion, as of block height 747,936, the data showed. The difficulty level, which changes about every two weeks, recorded its largest fall in a year during the last adjustment on July 22. Bitcoin mining difficulty is a measure of how hard a miner would have to work to verify transactions in a block to add to the blockchain, or \x93dig out\x94 Bitcoins. Such mining difficulty adjustments are highly correlated to changes in the mining hashrate \x97 the level of computing power used for mining. Bitcoin\x92s hashrate was at around 197.4 exahashes per second on Thursday on a seven-day average, slightly up from 195.9 exahashes on July 22, Blockchain.com data showed . Bitcoin was trading at US$22,925 as of 10 a.m. on Friday in Hong Kong, down 1.1% over 24 hours, according to data from CoinMarketCap. See related article: Singapore-based Bitcoin miner scales back Kazakhstan project', 'Bitcoin mining difficulty rose by 1.74% on Thursday following three consecutive drops in previous adjustments,according to datafrom BTC.com.\nSee related article:Chinese mining rig maker Canaan says global expansion on track despite ‘crypto winter’\n• The mining difficulty reading was at 28.17 trillion, as of block height 747,936, the data showed.\n• The difficulty level, which changes about every two weeks,recorded its largest fallin a year during the last adjustment on July 22.\n• Bitcoin mining difficulty is a measure of how hard a miner would have to work to verify transactions in a block to add to the blockchain, or “dig out” Bitcoins.\n• Such mining difficulty adjustments are highly correlated to changes in the mining hashrate — the level of computing power used for mining.\n• Bitcoin’s hashrate was at around 197.4 exahashes per second on Thursday on a seven-day average, slightly up from 195.9 exahashes on July 22, Blockchain.comdata showed.\n• Bitcoin was trading at US$22,925 as of 10 a.m. on Friday in Hong Kong, down 1.1% over 24 hours,according to datafrom CoinMarketCap.\nSee related article:Singapore-based Bitcoin miner scales back Kazakhstan project', 'Bitcoin mining difficulty rose by 1.74% on Thursday following three consecutive drops in previous adjustments,according to datafrom BTC.com.\nSee related article:Chinese mining rig maker Canaan says global expansion on track despite ‘crypto winter’\n• The mining difficulty reading was at 28.17 trillion, as of block height 747,936, the data showed.\n• The difficulty level, which changes about every two weeks,recorded its largest fallin a year during the last adjustment on July 22.\n• Bitcoin mining difficulty is a measure of how hard a miner would have to work to verify transactions in a block to add to the blockchain, or “dig out” Bitcoins.\n• Such mining difficulty adjustments are highly correlated to changes in the mining hashrate — the level of computing power used for mining.\n• Bitcoin’s hashrate was at around 197.4 exahashes per second on Thursday on a seven-day average, slightly up from 195.9 exahashes on July 22, Blockchain.comdata showed.\n• Bitcoin was trading at US$22,925 as of 10 a.m. on Friday in Hong Kong, down 1.1% over 24 hours,according to datafrom CoinMarketCap.\nSee related article:Singapore-based Bitcoin miner scales back Kazakhstan project', "HIVE Blockchain Technologies Ltd. This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated February 2, 2021 to its amended and restated short form base shelf prospectus dated January 4, 2022. VANCOUVER, British Columbia, Aug. 05, 2022 (GLOBE NEWSWIRE) -- HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (Nasdaq:HIVE) (FSE:HBFA.F) (the “Company” or “HIVE”) is pleased to announce the production figures from the Company’s global Bitcoin and Ethereum mining operations for the month of July 2022, with a BTC HODL balance of 3,091 Bitcoin and 6,820 Ethereum as of August 4, 2022. July 2022 Production Figures HIVE is pleased to announce its July 2022 production figures and mining capacity: 279.9 BTC Produced 2.2 Exahash of Bitcoin mining capacity at beginning of July Increased to 2.26 Exahash of Bitcoin mining capacity during the month of July, with an average hashrate of 2.03 Exahash of Bitcoin mining capacity during the month of July 2,957 ETH Produced* 5.77 Terahash of Ethereum mining capacity at beginning of July, some miners were taken offline temporarily for layout optimization due to higher summer temperatures 6.49 Terahash of Ethereum mining capacity at end of July, with an average hashrate of 6.19 Terahash of Ethereum mining capacity during the month of July The Company’s production of ETH from GPU mining ( Last 60 Days of Bitcoin's Closing Prices:* [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-08-05 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $442,176,363,125 - Hash Rate: 210085555.0395456 - Transaction Count: 268463.0 - Unique Addresses: 687443.0 Social & AI Sentiment: - Fear & Greed Index: 0.31 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: By Hannah Lang, Carolina Mandl and Elizabeth Howcroft (Reuters) - Celsius Network, the retail crypto lending platform whose liquidity problems have sent cryptocurrencies plunging, stumbled on complex investments in the wholesale digital asset market in what analysts say was akin to a traditional bank run. Citing extreme market conditions, New Jersey-based Celsius this week froze withdrawals and transfers between accounts "to stabilize liquidity." In a video on Friday, the company's finance chief said Celsius, along with the industry, had seen redemptions rise following the collapse of cryptocurrency TerraUSD in May. Cryptocurrencies have since lost over $400 billion in value. Similar to a bank, Celsius gathers crypto deposits from retail customers and invests them in the equivalent of the wholesale crypto market, including "decentralized finance" or DeFi sites that use blockchain technology to offer services from loans to insurance outside the traditional financial sector. Unlike banks, Celsius promises retail customers huge returns, sometimes as much as 18.6% annually. The lure of big profits has led individual investors to pour assets into Celsius and platforms like it. Its CEO Alex Mashinsky said in October Celsius had $25 billion in assets, although that had fallen to around $11.8 billion as of last month, its website showed. Celsius appears to have stumbled on its wholesale crypto investments, according to public blockchain information and analysts who track such data. As those investments soured, the company was unable to meet redemptions from customers fleeing amid the broader crypto market slump, analysts said. “This is the closest we've seen to a bank run” in the cryptocurrency sector, said Noelle Acheson, head of market insights at Genesis, a digital currency prime brokerage. Mashinsky and a representative for Celsius did not respond to requests for comment. The company said on Sunday it was taking steps to meet redemptions but "there may be delays." Story continues Celsius' problems date back to at least December when, at the hands of hackers, it lost $54 million worth of bitcoin it had invested with DeFi platform BadgerDao, according to public blockchain data. At the time, Mashinsky said Celsius lost money, but did not disclose how much. Celsius had also invested in the Anchor protocol which offered up to 20% returns on deposits of TerraUSD. As TerraUSD fell, Celsius pulled more than $535 million in crypto assets from Anchor, according to public blockchain data. Mashinsky said in a May interview https://www.youtube.com/watch?v=eRlNlNlaFi8&t=42s that its exposure to TerraUSD was small relative to its assets but did not say if the company had lost money. The company's biggest misstep, though, appears to have been its decision to invest customers' ether tokens with Lido Finance, a DeFi platform offering investors the chance to profit from a new version of ether that is in development. The investments are known as "staked" ether, or stETH. Celsius promised customers between 6% and 8% returns on ether deposits. It had at least $450 million in stETH in its primary DeFi wallet, but likely has more stored elsewhere, according to Andrew Thurman, an analyst at analytics firm Nansen, which tracks blockchain data. While one stETH is supposed to be redeemable for one ether, stETH's price has dropped compared to ether in recent weeks as the crypto market fall prompted holders to dump their stETH. That discrepancy will have made it difficult for Celsius to convert its stETH back to ether to meet customer withdrawals, said analysts. “Everybody ... could see that they had positions that were significantly under risk,” said Thurman. The slump in bitcoin, which has shed about half its value this year, has also pressured Celsius. It pledged crypto assets pegged to bitcoin as collateral against a loan of other cryptocurrencies, according to Thurman. As bitcoin fell, Celsius had to top up that collateral, said Thurman. In 2019, Mashinsky told the Financial Times that Celsius had crypto loans collateralized with bitcoin. "The whole thing is just mispriced risk," Cory Klippsten, CEO of crypto investment platform Swan Bitcoin, said of Celsius' business model. CONTAGION WORRIES Celsius has hired restructuring lawyers, the Wall Street Journal reported Tuesday. Its problems have sparked fears that other crypto lending platforms may be at risk of investor runs. On Tuesday, the chair of the U.S. Securities and Exchange Commission said such platforms operate a bit like banks and that promised high returns might be "too good to be true." Celsius' peers have been quick to distance themselves from stETH. On Monday, New Jersey-based BlockFi tweeted it does not hold any stETH principally or as collateral. Voyager Digital, also New Jersey-based, tweeted it has never engaged in DeFi lending activities and has no exposure to stETH. But according to Thurman, several other crypto lending platforms, such as Aave, invest in stETH and pledge it as collateral. If it continues to drop relative to ether, there is a "risk of pretty significant liquidations." Aave did not respond to requests for comment. (Reporting by Hannah Lang in Washington, Elizabeth Howcroft in London and Carolina Mandl in New York Additional reporting by Tom Wilson in London; Editing by Michelle Price and Mark Potter)... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['The post Jury Orders Alex Jones to Pay Sandy Hook Parents $49.3 Million in Damages [Updated] appeared first on Consequence . A Texas jury has ordered conspiracy theorist and Infowars owner Alex Jones to pay the parents of a Sandy Hook shooting victim $4.1 million in compensatory damages and $45.2 million in punitive damages Jones has spent almost a decade arguing that the 2012 shooting at Sandy Hook Elementary School \x97 which left 28 people, including 20 children, dead \x97 was a hoax, and that the parents of the victims were \x93crisis actors\x94 upholding the lie. One set of parents, Scarlett Lewis and Neil Heslin, sued Jones and his company, Free Speech Systems, in 2018 for defamation. In a verdict signed by 10 members of the 12-member jury, the group ordered Jones to pay a total of $49.3 million in damages to Lewis and Heslin. \x93It seems so incredible to me that we have to do this,\x94 Lewis said at the trial, speaking directly to Jones. \x93That we have to implore you \x97 not just implore you, punish you \x97 to get you to stop lying \x85 It is surreal what is going on in here.\x94 Lewis said she felt hitting Jones with monetary damages was necessary because she believed it would be the only thing to get him to change his behavior. In the lead up to the jury\x92s decision, Jones claimed that any judgement for more than $2 million would leave him in financial ruin. His company, Free Speech Systems, also filed for bankruptcy in an effort to limit his financial liability. However, just a day before the jury settled on a number for compensatory damages, it was revealed that Jones\x92 lawyers accidentally emailed the full contents of his phone to the attorneys representing Lewis and Heslin, providing dozens of emails and texts that contradicted Jones\x92 claims about Infowars\x92 profitability. Specifically, the emails revealed that at its peak Infowars had generated as much as $5 million in revenue per week. Plus, Jones\x92 supporters recently rallied around the embattled host by donating upwards of $8 billion in Bitcoin. Story continues Throughout the case, Jones also repeatedly asserted that he had no text messages about Sandy Hook to turn over during the discovery process. The phone did in fact contain messages related to Sandy Hook, suggesting that Jones had committed perjury. To make Jones\x92 legal troubles even worse, Mark Bankston, the lawyer who represents Lewis and Heslin, said Jones\x92 phone contained texts with Trump associate Roger Stone, and that he had heard from \x93various federal agencies and law enforcement\x94 about the material. One such agency was the US House committee investigating the January 6th insurrection. The committee first subpoenaed Jones in November, demanding documents related to the conservative figure\x92s efforts to spread misinformation about the 2020 election. In the subpoena letter, Rep. Bennie Thompson said Jones helped organize the January 6th rally at the Ellipse that preceded the insurrection, encouraged his listeners to attend the rally, and urged them to march from the park to the Capitol, where Trump was said to speak. Bankston said he planned to turn over the data from Jones\x92 phone to the committee. Lewis and Heslin are just one set of Sandy Hook parents with ongoing lawsuits against Jones. Two more trials are expected to begin in Texas in the coming months, while a group of families in Connecticut\xa0 won a default judgment against the radio host after he failed to comply with the discovery process. Update: This article has been updated to include the jury\x92s decision on punitive\xa0damages. Jury Orders Alex Jones to Pay Sandy Hook Parents $49.3 Million in Damages [Updated] Carys Anderson Popular Posts Guy Fieri Can\'t Stop Going to Rage Against the Machine Concerts Paranoid Ezra Miller Wears Body Armor, Gun Everywhere as Alleged Victims Compare Him to Cult Leader: Report Demi Lovato Blasts Ex Wilmer Valderrama in New Song "29": "What the Fuck\'s Consent?" Roger Waters Calls Biden a "War Criminal," Defends Russia and China in CNN Interview Jennifer Coolidge Says She Slept with "200 People" After Playing MILF in American Pie John Hughes Movie Soundtracks Collected in New Box Set Life Moves Pretty Fast Subscribe to Consequence\x92s email digest and get the latest breaking news in music, film, and television, tour updates, access to exclusive giveaways, and more straight to your inbox.', 'The post Jury Orders Alex Jones to Pay Sandy Hook Parents $49.3 Million in Damages [Updated] appeared first on Consequence . A Texas jury has ordered conspiracy theorist and Infowars owner Alex Jones to pay the parents of a Sandy Hook shooting victim $4.1 million in compensatory damages and $45.2 million in punitive damages Jones has spent almost a decade arguing that the 2012 shooting at Sandy Hook Elementary School \x97 which left 28 people, including 20 children, dead \x97 was a hoax, and that the parents of the victims were \x93crisis actors\x94 upholding the lie. One set of parents, Scarlett Lewis and Neil Heslin, sued Jones and his company, Free Speech Systems, in 2018 for defamation. In a verdict signed by 10 members of the 12-member jury, the group ordered Jones to pay a total of $49.3 million in damages to Lewis and Heslin. \x93It seems so incredible to me that we have to do this,\x94 Lewis said at the trial, speaking directly to Jones. \x93That we have to implore you \x97 not just implore you, punish you \x97 to get you to stop lying \x85 It is surreal what is going on in here.\x94 Lewis said she felt hitting Jones with monetary damages was necessary because she believed it would be the only thing to get him to change his behavior. In the lead up to the jury\x92s decision, Jones claimed that any judgement for more than $2 million would leave him in financial ruin. His company, Free Speech Systems, also filed for bankruptcy in an effort to limit his financial liability. However, just a day before the jury settled on a number for compensatory damages, it was revealed that Jones\x92 lawyers accidentally emailed the full contents of his phone to the attorneys representing Lewis and Heslin, providing dozens of emails and texts that contradicted Jones\x92 claims about Infowars\x92 profitability. Specifically, the emails revealed that at its peak Infowars had generated as much as $5 million in revenue per week. Plus, Jones\x92 supporters recently rallied around the embattled host by donating upwards of $8 billion in Bitcoin. Story continues Throughout the case, Jones also repeatedly asserted that he had no text messages about Sandy Hook to turn over during the discovery process. The phone did in fact contain messages related to Sandy Hook, suggesting that Jones had committed perjury. To make Jones\x92 legal troubles even worse, Mark Bankston, the lawyer who represents Lewis and Heslin, said Jones\x92 phone contained texts with Trump associate Roger Stone, and that he had heard from \x93various federal agencies and law enforcement\x94 about the material. One such agency was the US House committee investigating the January 6th insurrection. The committee first subpoenaed Jones in November, demanding documents related to the conservative figure\x92s efforts to spread misinformation about the 2020 election. In the subpoena letter, Rep. Bennie Thompson said Jones helped organize the January 6th rally at the Ellipse that preceded the insurrection, encouraged his listeners to attend the rally, and urged them to march from the park to the Capitol, where Trump was said to speak. Bankston said he planned to turn over the data from Jones\x92 phone to the committee. Lewis and Heslin are just one set of Sandy Hook parents with ongoing lawsuits against Jones. Two more trials are expected to begin in Texas in the coming months, while a group of families in Connecticut\xa0 won a default judgment against the radio host after he failed to comply with the discovery process. Update: This article has been updated to include the jury\x92s decision on punitive\xa0damages. Jury Orders Alex Jones to Pay Sandy Hook Parents $49.3 Million in Damages [Updated] Carys Anderson Popular Posts Guy Fieri Can\'t Stop Going to Rage Against the Machine Concerts Paranoid Ezra Miller Wears Body Armor, Gun Everywhere as Alleged Victims Compare Him to Cult Leader: Report Demi Lovato Blasts Ex Wilmer Valderrama in New Song "29": "What the Fuck\'s Consent?" Roger Waters Calls Biden a "War Criminal," Defends Russia and China in CNN Interview Jennifer Coolidge Says She Slept with "200 People" After Playing MILF in American Pie John Hughes Movie Soundtracks Collected in New Box Set Life Moves Pretty Fast Subscribe to Consequence\x92s email digest and get the latest breaking news in music, film, and television, tour updates, access to exclusive giveaways, and more straight to your inbox.', 'It seemed like the perfect recipe for a major blowback. Kraken CEO Jesse Powell ruffled feathers in June after a New York Times article detailed a “corporate culture war” raging at the cryptocurrency exchange and his subsequent doubling down, in which he criticized the “woke activist movement” and told unhappy employees to quit. But then something interesting happened. Most people inside Kraken and many in the broader crypto sphere sided with Powell. Job applications flooded the company. Now, six weeks later, less than 1% of Kraken’s employees have taken the severance package offered to anyone who didn’t want to get with the program. There are at least two ways to interpret this outcome. One is that it revealed the true preferences of a majority of workers at the exchange, and perhaps those of people in the broader crypto industry. Kraken, from this perspective, represented a rare refuge from what Powell later described as “this contingent of people who basically [think] if you don’t agree with them you’re evil, you’re a Nazi, and you must be destroyed at all costs.” At least one workplace remained where coders could just Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-08-06 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $442,964,646,758 - Hash Rate: 225491829.07577893 - Transaction Count: 237677.0 - Unique Addresses: 610889.0 Social & AI Sentiment: - Fear & Greed Index: 0.31 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: HiRes_RS_EF_003 - Credit: Evelyn Freja for Rolling Stone The break-in happened around 4 a.m., on a leafy street in the otherwise sleepy and sleeping village of Irvington, New York. Four men wearing ski masks and gloves, armed with knives, rope, brass knuckles, and a fake 9 mm, crept around the back of the large suburban home, their ghostly forms captured by its security-camera footage. As would later be alleged in court proceedings, the rope was intended to tie up the family. The knife was to torture them until the oldest son told them what they wanted to know. The gun was for show: A fake gun can evoke the same amount of fear as a real one but leads to lesser charges. These men knew what they were doing. And they apparently knew exactly what they wanted to find. A bedroom community 20 miles up the Hudson River from New York City, Irvington’s whole point is to be a place of calm, not calamity, a place where white-collar families can disperse themselves sparsely in well-appointed homes with river vistas and two-car garages. There are good public schools. There is a historic Main Street that runs up from the water, a parade of American flags suspended from buildings that look as though they were plucked from a Christmas village. The town is named for former resident Washington Irving, whose Rip Van Winkle is cast in bronze, forever waking from his long slumber in the yard beside Town Hall, oblivious to the soccer moms in Lululemon and the teenagers in Ivy League sweatshirts who saunter by throughout the day. Beyond Main Street, tended lawns extend up into the hills, deliberately at a peaceful remove from the crime and grime of urban life. More from Rolling Stone Jay-Z, Jack Dorsey Launch 'Bitcoin Academy' Program in Marcy Projects Why Did An Anonymous Donor Give Alex Jones $1 Million in Bitcoin? Did Melania Trump Place the Winning Bid in Her Own NFT Auction? And yet, Ellis Pinsky had feared that something dangerous and violent was headed toward Irvington. He’d feared it for weeks now. He’d sat in his 12th-grade math class and pondered the various means by which calamity might befall him, how it would arrive, what form it would take, what he might do to defend himself. His answer to that last concern was a shotgun, which he had stored in a drawer by his bed, near the chess trophies he’d won when he was younger, when the games he played stuck to their borders. At Blueline Shooting Sports a couple of towns over, his slender, studious form had drawn looks from the rougher types who spent their afternoons aiming assault weapons at targets next to a store full of tactical supplies. He ignored the stares, drawn the shotgun up to his smooth, handsome face under its shock of black hair, trained his brown eyes on a point in the distance, and pulled the trigger. Story continues He’d been right to prepare. On May 23, 2020, a broken window set off the alarm that woke Pinsky’s family. An unknown man dropped down into their unfinished basement, his own gaze trained in the direction of a safe that had been installed by a previous owner. In the floors above, Pinsky loaded the shotgun and met his mother in the hallway outside his bedroom. She directed him to the adjacent room where his three younger brothers were gathered, terrified and tearful. Pinsky hustled them behind something — a chair, a mattress; he can’t remember now — closed the door and backed away from it, the shotgun raised to his shoulder, his finger on the trigger, his eyes on the doorknob. Then he waited. From somewhere downstairs, there was yelling. One of his brothers whimpered. The gun metal grew warm in Pinsky’s hands. He knew — or, at least, was pretty sure he knew — why the men were there, breaking into his family home at 4 a.m. Two years earlier, on Jan. 7, 2018, when he was 15 years old, Pinsky had pulled off a heist of $23.8 million, one of the largest cryptocurrency hacks of its kind ever executed. Two weeks before the break-in, a lawsuit had been filed against him, and news stories had circulated connecting him to the hack. He knew that the thieves wanted this money, the millions and millions of dollars he had stolen. He also knew that he couldn’t give it to them. He didn’t have it. Not anymore. The only thing in the basement safe at that particular moment was a pair of his mother’s Uggs. In the two years since Pinsky’s case became public , he has remained an enigma. He did not speak to the media, who portrayed him as a mini mastermind, a suburban teenage sociopath. When I finally meet up with him on a chilly day this spring, he is no longer a kid. He is an anxious young man in Invisalign braces. “I just feel it’s important for my side of the story to be heard,” he says after hugging me in greeting. “There should always be two sides.” Over the course of the next few months, we meet periodically at a series of coffee shops and cafes not far from his university dorm. Often, we forgo the establishments’ bustling interiors and sit bundled up outside, in the privacy of empty tables and preoccupied passersby. Pinsky doesn’t want me to know exactly where he lives and is clearly nervous about the repercussions of speaking to the press. His voice and affect are mellow, but there is a spring-loaded nature to his physicality, a nervous energy that hums below the suave surface. When he concentrates on how to answer a question I’ve asked, he blinks quickly. He takes long pauses. He favors black corduroy pants and a black sweater, and mentions several tattoos he is considering getting. He is affable, though sometimes I can sense him emotionally retreating. He shows up with notes of what he wants to say typed out on his phone. His approach is methodical. He wants to start at the beginning. “Everything’s important,” he says of the details of his story. As he explains it, moving to the suburbs in fifth grade had seemed like a win to 11-year-old Pinsky. Gone was the cramped apartment on Manhattan’s Upper East Side, where his younger brothers slept in cribs in the living room and his overworked mother left him in the care of her aging parents, emigrés from the former Soviet Union, who carted him to meetings with a punishing chess coach and plied him with food that made him pudgy. In Irvington, his mother called him to breakfast from an entirely different floor of the house, as if he were some kid in a sitcom. In Irvington, he found himself possessed of the digs any tween would dream of: his own room painted blue, his own TV, and his own Xbox One, to which he applied his obsessive personality to the mastery of both Call of Duty: Ghosts and to the social posturing of the online lobbies of Xbox Live. He learned the art of trash-talking. And, as with anything he set his mind to, he learned it well. Still, it all seemed like a game because that’s all it was. Then one day, in the midst of spouting verbal abuse into a flimsy headset, a simple question in one of his trash-talking chats stopped him in his tracks: “How’s the weather in Irvington?” The weather in Irvington was fine. What wasn’t fine is that someone, somewhere — a person who up until that moment had been merely an avatar, a disembodied voice floating on electrical currents — well, that person knew where he lived. And was breezily threatening him with that information. He immediately logged off. But he almost as immediately realized that this was the next level of the game. This was leveling up. Asking around to other gamers, he soon learned that a free program called Wireshark could be installed that “sniffed out” incoming network connections and identified their internet protocol addresses. A quick Google search of an IP address would tell you approximately where it was coming from. It seemed a revelation to Pinsky. “That’s when it really clicked at the age of 12 or 13: ‘Wow, I’m this little kid, but I can really wield this power,’” he says. The internet held such secrets. All he had to do was uncover them. As he soon found, there were plenty of people working to uncover them all the time, and willing to share their methods — for a price. The most highly regarded of them, at least among the more sketchy gamers with whom Pinsky started associating, went by the username Ferno. Pinsky DM’d him on Twitter, saying he wanted to learn his skills. Ferno responded, if tersely, as Pinsky recalls. He would tolerate Pinsky, teach him, mentor him on how to uncover the powerful secrets the internet held, if Pinsky would then use the methods he’d learned to track down information for Ferno. He didn’t explain to Pinsky what he was doing with these addresses, these Social Security numbers, these other details — nor did Pinsky ask. It didn’t matter. It was just part of the game, one with tokens and everything. “His avatar was a little gold coin,” Pinsky explains. “Which I came to be familiar with as bitcoin .” Pinsky had learned on his own how to do distributed denial of service, or DDoS, attacks, flooding servers with such a volume of requests that it overwhelmed the system and shut them down. In their rudimentary forms, DDoS attacks can be a kind of mischief helpful to a gamer who might want to boot another player from the game. But Ferno also introduced him to ISP doxxing, a method that involved calling up an internet service provider, pretending to be a member of the tech-support team, and using someone’s IP address to try to get a real employee to share the confidential information attached to it — a form of interpersonal “hacking” known as social engineering. “It’s basically manipulating someone to give you information or do a certain thing,” Pinsky says. “At the age of 13, this was really my first experience with that.” Even as he was helping Ferno track down other people’s identities, Pinsky, who went by the username Pie, knew little of Ferno’s. Pinsky guessed the more senior hacker to be about 18. He says he suspected that Ferno had ties to Lizard Squad, a group of hackers who had gained notoriety by using DDoS to take down... - Reddit Posts (Sample): [['u/toungepuncher6000', 'Truly a bearer asset', 180, '2022-08-06 02:59', 'https://www.reddit.com/r/Bitcoin/comments/whbflm/truly_a_bearer_asset/', 'I currently serve in the Armed Forces. My boss started his tour here in California in 2014. While you are stationed within the United States, you do not owe the state you currently reside in any state income taxes, only the state from which you joined. Today he traveled to get lunch and upon swiping his card, it was declined. He opened his account and every single one of his accounts, (Checking, savings, and children\'s) all read "$0.00". He called his bank asking if they were having a glitch or a system error. But low and behold they said that the state of California has a Court Order for failure to pay state income taxes since 2014. He calls the IRS here in California, tells them he is Active Duty in the Armed Forces. They apologize for the mis-understanding, but say that they need his government orders from 2014 to prove he had to go to California for his tour. No one in the military holds onto 8 year old government order papers. Yet alone 1 year old. They try and re-assure my boss that once he can find a copy of these records and fax it to them they will take 14 days to correct this issue and send his money back to his accounts. He 5 kids and a wife, $0 to his name for the next 14 days. I explained to him just how bitcoin cold storage works, and the ability it has to never let something like this happen again to him and his family for any circumstance. He will be buying a cold storage wallet for some of his savings, and I taught him how to properly store your private keys. The IRS can take all the money in your bank without you even knowing, screw up , then take 2 weeks to reimburse your money. Time to be your own damn bank.', 'https://www.reddit.com/r/Bitcoin/comments/whbflm/truly_a_bearer_asset/', 'whbflm', [['u/Mr_P_Nissaurus', 59, '2022-08-06 03:11', 'https://www.reddit.com/r/Bitcoin/comments/whbflm/truly_a_bearer_asset/ij4ppex/', "In the meanwhile, your boss needs to call the offices of his senators and representatives. They'll have eager-to-help staff. Best wishes to him.", 'whbflm'], ['u/Ok_Aerie3546', 68, '2022-08-06 03:30', 'https://www.reddit.com/r/Bitcoin/comments/whbflm/truly_a_bearer_asset/ij4s2q3/', 'All your dollars are property of the state, that they let you use till they like it.', 'whbflm'], ['u/llewsor', 14, '2022-08-06 03:42', 'https://www.reddit.com/r/Bitcoin/comments/whbflm/truly_a_bearer_asset/ij4tkai/', 'fucking bullshit. that really sucks but at least they will fix the issue, good on you for orange pilling him.', 'whbflm'], ['u/Bsmirlptrww', 26, '2022-08-06 04:05', 'https://www.reddit.com/r/Bitcoin/comments/whbflm/truly_a_bearer_asset/ij4wbwu/', 'This is correct. The dollar is an invention of the state. The state can change monetary policy. It does constantly. \n\nThey have full control over it.', 'whbflm'], ['u/Ok_Aerie3546', 11, '2022-08-06 04:08', 'https://www.reddit.com/r/Bitcoin/comments/whbflm/truly_a_bearer_asset/ij4wqhh/', 'Forget monetary policy. They can literally take it away from you when they want to.', 'whbflm'], ['u/PlayActingAnarchist', 15, '2022-08-06 04:50', 'https://www.reddit.com/r/Bitcoin/comments/whbflm/truly_a_bearer_asset/ij51r5y/', "It is wild that they would seize his assets before even sending a letter or making a phone call. Where I live, you'd have to actively dodge the tax man for several years before you'd be at risk of them freezing your accounts. Unless you spent the better part of a decade in a coma, there's no way it'd take you by surprise.", 'whbflm'], ['u/Boe_Ning', 10, '2022-08-06 05:59', 'https://www.reddit.com/r/Bitcoin/comments/whbflm/truly_a_bearer_asset/ij59lxb/', 'This type of bullshit, civil forfeiture, and the like, are some of the reasons I made the decision to take back my financial sovereignty. Good job sharing the information with your boss.', 'whbflm'], ['u/BuyRackTurk', 11, '2022-08-06 06:26', 'https://www.reddit.com/r/Bitcoin/comments/whbflm/truly_a_bearer_asset/ij5cedq/', '> It is wild that they would seize his assets before even sending a letter\n\nMost states are like that.\n\nThe scary part is not that the government is willing to do that, the scary part is that they are able to.\n\nMoney in a bank does not belong to you, it belongs to the government first. And they can take it from you on the smallest whim of even a low level bureaucrat. \n\nBanks and fiat are just not safe enough for even modest amounts of money.', 'whbflm'], ['u/Taranpula', 21, '2022-08-06 07:24', 'https://www.reddit.com/r/Bitcoin/comments/whbflm/truly_a_bearer_asset/ij5i1rk/', 'Hah, I made a similar post a couple of days ago about a frind of mine who lost €10.000 because the tax authority froze his accounts by mistake. I was told I live in a third world country and this could never happen in the US lol.', 'whbflm'], ['u/crs1904', 10, '2022-08-06 08:31', 'https://www.reddit.com/r/Bitcoin/comments/whbflm/truly_a_bearer_asset/ij5nqmw/', 'The IRS cannot accomplish anything in 14 days. Definitely tell him to get his state representatives office involved, as others have mentioned.', 'whbflm']]], ['u/52134682', 'Bought $100 dollars worth of Bitcoin yesterday and plan to buy more.', 91, '2022-08-06 03:25', 'https://www.reddit.com/r/Bitcoin/comments/whbymj/bought_100_dollars_worth_of_bitcoin_yesterday_and/', "Because I believe that If I keep DCA into Bitcoin, and it reaches the moon, then it's worth it. \n\nGoing to hold it and never sell till I'm on the moon. No matter how many months or years it takes", 'https://www.reddit.com/r/Bitcoin/comments/whbymj/bought_100_dollars_worth_of_bitcoin_yesterday_and/', 'whbymj', [['u/zada-dog', 19, '2022-08-06 03:27', 'https://www.reddit.com/r/Bitcoin/comments/whbymj/bought_100_dollars_worth_of_bitcoin_yesterday_and/ij4rpsy/', 'Stack those sats!', 'whbymj'], ['u/llewsor', 16, '2022-08-06 03:41', 'https://www.reddit.com/r/Bitcoin/comments/whbymj/bought_100_dollars_worth_of_bitcoin_yesterday_and/ij4tcsc/', 'you get it man. keep stack’n.', 'whbymj'], ['u/drewshaver', 11, '2022-08-06 03:46', 'https://www.reddit.com/r/Bitcoin/comments/whbymj/bought_100_dollars_worth_of_bitcoin_yesterday_and/ij4u25t/', 'DCA is the way', 'whbymj'], ['u/DarkMonkey98', 13, '2022-08-06 04:25', 'https://www.reddit.com/r/Bitcoin/comments/whbymj/bought_100_dollars_worth_of_bitcoin_yesterday_and/ij4yq3i/', 'who cares about the moon, bitcoin will make the future fair for everyone. no need for riches, the betterment of humanity is worth it alone. no more cheating', 'whbymj'], ['u/itsnotthatdeepbrah', 63, '2022-08-06 04:51', 'https://www.reddit.com/r/Bitcoin/comments/whbymj/bought_100_dollars_worth_of_bitcoin_yesterday_and/ij51tum/', 'At first newcomers, like yourself, are only concerned about bitcoin mooning and selling it for fiat. Once you take some time to truly learn about bitcoin, you’ll begin to learn about what money even is, the history of central banking, fractional reserve banking, the gold standard, inflation, bank bail outs and bail ins etc etc the list goes on. Only then will you truly understand the importance of self sovereignty and controlling your own bearer assets and once this happens, you’ll probably never want to sell your sats ever.', 'whbymj']]], ['u/AutoModerator', '[Daily Discussion] - Saturday, August 06, 2022', 44, '2022-08-06 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/whewor/daily_discussion_saturday_august_06_2022/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/whewor/daily_discussion_saturday_august_06_2022/', 'whewor', [['u/Maximus-Augustus', 12, '2022-08-06 06:57', 'https://www.reddit.com/r/BitcoinMarkets/comments/whewor/daily_discussion_saturday_august_06_2022/ij5fhla/', 'Fuck my ass when is this fucking thing going to moon?!', 'whewor'], ['u/cryptowarsyt', 14, '2022-08-06 07:39', 'https://www.reddit.com/r/BitcoinMarkets/comments/whewor/daily_discussion_saturday_august_06_2022/ij5je8t/', "no b/c that's how monkey pox spreads you degenerate.", 'whewor'], ['u/Euphoricsoul', 11, '2022-08-06 08:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/whewor/daily_discussion_saturday_august_06_2022/ij5l5f5/', "When you've finally sodl.", 'whewor'], ['u/drrgrr123', 25, '2022-08-06 08:10', 'https://www.reddit.com/r/BitcoinMarkets/comments/whewor/daily_discussion_saturday_august_06_2022/ij5lzqb/', "Day 1298 of buying small amounts of Bitcoin whenever I can. Averaging around $25 at a time. Invested about $4000 in total and cashed out $20000 once.\n\nLet's just keep going. Nothing has changed.", 'whewor'], ['u/Antranik', 18, '2022-08-06 09:12', 'https://www.reddit.com/r/BitcoinMarkets/comments/whewor/daily_discussion_saturday_august_06_2022/ij5qxsm/', 'The consolidation on BTC is fierce right now. Literally looks like it’s gonna blast off any minute. Every daily level above is tested already, so if it goes it’s gonna go hard. The 4hr has regained uptrend too btw.', 'whewor'], ['u/outofworkslob', 15, '2022-08-06 09:48', 'https://www.reddit.com/r/BitcoinMarkets/comments/whewor/daily_discussion_saturday_august_06_2022/ij5tkmm/', 'When was the last time it blasted off at a weekend?', 'whewor'], ['u/-abroadabroad-', 16, '2022-08-06 09:52', 'https://www.reddit.com/r/BitcoinMarkets/comments/whewor/daily_discussion_saturday_augus... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, I’ll take a look at the hottest fintech news of the previous week. This will include everything from funding rounds to trends to an analysis of a particular space to hot takes on a particular company or phenomenon. There’s a lot of fintech news out there and it’s my job to stay on top of it — and make sense of it — so you can stay in the know. — Mary Ann Last week, Paystand — a blockchain-enabled B2B payments startup — announced it had acquired Mexican fintech Yaydoo — creating a new unicorn in the resulting new entity. Execs from the two startups say the combined company will have processed over $5 billion in payments and built a network of over 500,000 connected businesses by creating B2B DeFi payment networks in both the U.S. and Mexico. In announcing the deal, they said: “DeFi-enabled B2B payment networks that are on chain can unlock transformative working capital efficiencies, and make financial services more fair and open, especially in developing markets like LATAM.” Paystand CEO Jeremy Almond told me over email that combined revenues have been growing at over 100% year over year since inception. In particular, he said Paystand has experienced over 700% revenue growth in the last three years. The company has raised over $86 million over its lifetime and counts NewView Capital and SoftBank’s SB Opportunity Fund among its backers. Meanwhile, Yaydoo has raised over $20 million from investors such as Base10 Partners, monashees, SB Opportunity Fund and Leap Global Partners. With nearly 400 employees, the combined company will “have a very unique ability to transform entire B2B Payments ecosystems in each country we operate because of our combined scale and access to resources,” wrote Yaydoo CEO Sergio Almaguer in an email. Story continues “Today the U.S. has a legacy, centralized financial infrastructure that needs to be disrupted and re-imagined by fintechs with blockchain technology. However, in emerging markets like LATAM, the basic financial infrastructure for B2B payments is either missing or not accessible by businesses of all sizes,” added Almond, noting that the payments tech ecosystem in LATAM is generally 10–15 years behind that in the U.S. Fintechs like Paystand + Yaydoo have a huge opportunity to build next-gen payments tech infrastructure from the ground up.” Notably, word on the street is that Payday is now eyeing an IPO . We haven’t been hearing about too many M&As as of late, so this deal caught our eye. It also is a good lead-in to talk about some recent M&A data we got our hands on. Unsurprisingly, dealmaking in financial services declined in the second quarter due to macroeconomic headwinds, according to a recent KPMG US report . Aggregate deal volume fell 30.9%, to 1,442 from 2,087 in the first quarter, and deal value dropped 14.8%, to $163 billion from $191 billion. Bob Ruark, principal and banking and fintech strategy leader for KPMG US, noted that pricing is difficult now given the rapid decline in valuations. As he pointed out, pricing in some fintech categories dropped almost 60% according to Pitchbook, and digital and crypto companies are down over 65%. “We are starting to see some of the public market valuations impact private market valuations. We have seen several high-profile companies raising new money at much lower valuations, which shows this is starting to happen,” Ruark said. “Klarna recently raised $800 million at a $6.7 billion valuation, which is 85% below its June 2021 raise…As prices and valuations stabilize, we will see deals ramp back up.” On the bright side, the fact that VCs are more discriminating about where they put their dollars could actually lead to more M&A activity, according to Ruark. “There is plenty of money available, but investors are looking for stronger performance, profitable performance. That is one reason why a number of VC firms have told their portfolio companies to focus on performance and cut costs,” he told TechCrunch. “Given a large number of startups will not generate a profit near and are cash-flow negative in the near term, they will have to raise more capital in a difficult environment. As a result, they may have to sell.” What about the acquisitions that are still taking place? Most of those are product buys to drive or accelerate revenue growth with the secondary benefit of getting new talent, Ruark said. And, after crypto, payments companies — as illustrated in the example above — are among the most attractive targets. Looking ahead, KPMG\'s view on the prospects for financial services M&A over the next six to 12 months is mixed. The firm said: "On one hand, the fundamental trends that have been driving activity remain in place. On the other, market sentiment is largely pessimistic and the outlook for interest rates and inflation is challenging." Image Credits: Paystand/Yaydoo Weekly News Counting 300 U.S.-based companies as customers already, Alloy announced it has now expanded its platform to 40 countries across North America, EMEA, LatAm, and APAC. The startup says it will also continue to grow its local presence and team in EMEA. The goal behind the expansion, a spokesperson told TechCrunch, is to help financial services companies “manage changing global regulatory requirements for their customers, no matter where they are located.” QED Investors said it has expanded its mental health initiative aimed at tackling addiction among entrepreneurs to its Spanish-language portfolio companies. Last year, TechCrunch published an op-ed from Nigel Morris around mental health stigma in the tech community when the initial program was announced. The firm says the program is focused on eliminating the stigma around talking about substance misuse in the workplace by offering an online program that “delivers critical concepts and facts regarding addiction in just 5 minutes per lesson.” This will now be offered to 22 fintech companies across Mexico, Argentina, Chile, Colombia and Peru. Just one week after closing on its acquisition of Metromile (and laying off about 20% of the latter company’s staff), Lemonade announced on August 4 that it has sold Metromile’s enterprise business solutions unit, a SaaS-based claims automation and fraud detection product, to EIS. Well, that was fast! According to my colleague Zack, " hackers had access to dashboards used to remotely manage and control thousands of credit card payment terminals manufactured by digital payments giant Wiseasy , a cybersecurity startup told TechCrunch. Wiseasy is a brand you might not have heard of, but it’s a popular Android-based payment terminal maker used in restaurants, hotels, retail outlets and schools across the Asia-Pacific region. Through its Wisecloud cloud service, Wiseeasy can remotely manage, configure and update customer terminals over the internet." Attentive , which describes itself as a “conversational commerce platform,” has launched its “text-to-buy” solution with Shop Pay, "enabling consumers to make purchases directly from an SMS conversation with a brand." Built with Shopify’s Shop Pay checkout flow, Attentive’s new offering is aimed at “turning browsers into buyers with a frictionless checkout flow built for mobile devices.” Retail investment behemoth Robinhood laid off 23% of its staff — just 3 months after letting go of 9% of its workforce. Besides the fact that the company has shed about 1,000 workers this year alone, we also were struck by the fact that CEO Vlad Tenev took responsibility for Robinhood’s overhiring in the frenzy that was 2021. Whether he was sincere or not (and many of you had wildly different views on that based on a little poll I posted on Twitter ), it was still not a typical CEO move and we took notice. You can listen to Alex, Natasha and I share our thoughts on it all on Friday\'s episode of Equity Podcast. Opendoor has agreed to pay $62 million to settle charges by the Federal Trade Commission, which says the company’s claims that it helps people make more money by selling their house to the company rather than listing it on the open market were deceptive. For years, the real estate technology company has touted itself as using its pricing technology to provide “more accurate offers and lower costs,” said the FTC. Such “iBuyers” use this method to make quick offers on homes, with enthusiastic claims that sellers would make thousands of dollars more than they would on the open market. But according to the FTC, that wasn’t true. While extension rounds are popular even beyond fintech today, there are often more startups hunting for the round type than there are checks. So, to better understand the market for fintech extension rounds today, we have a set of answers from a group of fintech venture investors we recently surveyed . Another day, another Q2 funding report. PitchBook reported that “on the heels of a breakthrough year for fintech investment, VC activity in the sector is simmering down.” Specifically, it said, in Q2 2022, " VC investment in fintech companies fell 17.8% from the previous quarter" to $24.1 billion, "the largest percentage drop since Q3 2018." Also in the report: “Exits have also stalled as IPO activity grinds to a halt, and analysts expect fintech startups will attract the attention of incumbents looking for M&A opportunities.” Guess we\'ll see about that. Nice scoop from former TCer Katie Roof: “ TripActions , a travel startup (that has expanded into general expense management), is close to filing confidentially for an initial public offering , according to people familiar with the matter, as people get back on planes and trains following the easing of the Covid-19 pandemic.” Manish reports that the "State Bank of Pakistan, the South Asian nation’s central bank, has ordered fintech Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-08-07 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $443,700,683,266 - Hash Rate: 222690688.3419183 - Transaction Count: 196161.0 - Unique Addresses: 522072.0 Social & AI Sentiment: - Fear & Greed Index: 0.30 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: (Bloomberg) -- Longtime Donald Trump adviser Steve Bannon asked a federal judge to exclude all evidence relating to the Jan. 6 storming of the US Capitol from his criminal contempt trial. Most Read from Bloomberg Putin May Win in Ukraine, But the Real War Is Just Starting Putin Gets Unexpected Pushback From Ally Over War in Ukraine Giant Cruise Ship’s Maiden Voyage May Be to a Scrapyard Housing’s Slowdown Has Economy on the Edge Bitcoin, Ether Bounce Off Lows After Record-Breaking Rout Bannon was indicted in November on two counts of contempt of Congress for refusing to comply with subpoenas from the House Jan. 6 committee seeking his testimony and production of documents. In a Friday filing, Bannon argued that the evidence should be excluded in part because it will prejudice a jury, in light of the media attention given to the committee hearings. In a separate filing, the government asked the judge to prevent Bannon from presenting arguments that would “politicize” the case, pointing to his past claims that he has been targeted for political reasons. For example, prosecutors said Bannon’s defense team should be prevented from questioning witnesses, including those on the select committee, about their politics. At every turn “the defendant has attempted to make this case and the issues in it about politics, not the law and the facts,” prosecutors wrote. Earlier this week, U.S. District Judge Carl J. Nichols denied Bannon’s request to dismiss the charges against him. The judge said he would decide later what evidence will be allowed at the trial that is scheduled to start July 18. (Updates with government’s request to exclude evidence in third paragraph) Most Read from Bloomberg Businessweek Ethereum Mining Is Going Away, and Miners Are Not Happy Hell Is a Cruise Ship at the Beginning of the Pandemic Sheryl Sandberg’s Wedding Expenses Are the Least of Facebook’s Sheryl Sandberg Problems Adults Who Love Toys? The Toy Industry Loves Them, Too ©2022 Bloomberg L.P.... - Reddit Posts (Sample): [['u/zzseayzz', 'Researchers say they discovered consensus level attack on Ethereum — miners cheating the system to earn more', 79, '2022-08-07 00:25', 'https://www.reddit.com/r/EtherMining/comments/whzz13/researchers_say_they_discovered_consensus_level/', ' \n\nhttps://preview.redd.it/putft1df56g91.jpg?width=800&format=pjpg&auto=webp&s=80e69f33add95a796d062030e95acfecd8fe692d\n\n&#x200B;\n\nA [research paper](https://www.researchgate.net/publication/362482526_Uncle_Maker_TimeStamping_Out_The_Competition_in_Ethereum) published by The Hebrew University in Israel reports having discovered the “first evidence of a consensus-level attack on a major cryptocurrency.” The paper is currently awaiting peer review but utilizes publicly available on-chain data and Ethereum’s open source codebase to affirm its conclusions.\n\nAt its core, the paper highlights an issue where miners can change the timestamp related to a mined block to avoid increased difficulty on the network. On-chain data appears to support the claim as Aviv Yaish, one of the paper’s authors, highlighted F2Pool’s block timestamps being artificially altered to improve rewards.\n\n## Uncle Maker\n\nEthereum is maintained through a proof-of-work consensus mechanism, which will be moved to proof-of-stake this September. However, to this point, the network appears to be susceptible to the attack identified in by The Hebrew University.\n\nThe consensus-level attack is referred to as an Uncle Maker attack within the paper in reference to the “uncle” blocks used in the exploit. Blocks within the Ethereum blockchain act as a set of records that are checked, distributed, and verified across the entire network. Uncle blocks are valid blocks that have been removed from the main chain but still receive rewards.\n\n&#x200B;\n\n>“The attack allows an attacker to replace competitors’ main-chain blocks after the fact with a block of its own, thus causing the replaced block’s miner to lose all transactions fees for the transactions contained within the block, which will be demoted from the main-chain.”\n\nMiners can set a block’s timestamp within “a certain reasonable bound,” typically within a few seconds. One mining pool that was singled out in the research was F2Pool, which “in the past two years, F2Pool didn’t have even a single block with a timestamp” that matched the expected outcome. F2Pool is one of the largest Ethereum pools operating with a hashrate of 129 TH/s and generating roughly 1.5K ETH in daily rewards.\n\nThe paper also highlighted that F2Pool’s “founder has made a relatively well publicized [condemnation](https://web.archive.org/web/20220214222028/https://news.8btc.com/f2pool-founder-condemns-block-withholding-attacks-performed-by-some-chinese-mining-pools-on-its-competitors) of competing mining pools, blaming them for attacking his own mining pool” while, in reality, “F2Pool are attacking other mining pools.”\n\nThe monetary impact of the attack has not yet been officially identified, but CryptoSlate reached out Yaish who told us,\n\n>“For each successful instance of the attack, F2Pool earned 14% more from block rewards, and in addition earned all the transaction fees contained within. \nWe are currently attempting to give concrete estimations for both of your questions using real-world data, which will be published immediately when we have them!”\n\nThe Hebrew University has “concrete fixes for Ethereum’s protocol” and created a patch for consideration. Yaish stated in a [blog post](https://medium.com/@aviv.yaish/uncle-maker-time-stamping-out-the-competition-in-ethereum-d27c1cb62fef) that the information was “responsibly disclosed to the Ethereum Foundation” before publication.\n\n&#x200B;\n\n [Researchers say they discovered consensus level attack on Ethereum — miners cheating the system to earn more (cryptoslate.com)](https://cryptoslate.com/researchers-say-they-discovered-consensus-level-attack-on-ethereum-miners-cheating-the-system-to-earn-more/)', 'https://www.reddit.com/r/EtherMining/comments/whzz13/researchers_say_they_discovered_consensus_level/', 'whzz13', [['u/Bjlly123', 17, '2022-08-07 03:44', 'https://www.reddit.com/r/EtherMining/comments/whzz13/researchers_say_they_discovered_consensus_level/ij9c5pn/', "First you need enough hashrate to consistently mine blocks, next you find a block but don't push this to the blockchain then you start mining on your new block this gives you a headstart, then you push the original block out and hopefully your headstart gives you enough time to rinse and repeat", 'whzz13'], ['u/coolfarmer', 10, '2022-08-07 07:46', 'https://www.reddit.com/r/EtherMining/comments/whzz13/researchers_say_they_discovered_consensus_level/ija25oh/', 'F2Pool bad, very bad. The switch to PoS is a good thing, good bye F2Pool.', 'whzz13'], ['u/kulind', 12, '2022-08-07 08:58', 'https://www.reddit.com/r/EtherMining/comments/whzz13/researchers_say_they_discovered_consensus_level/ija87by/', 'F2Pool the flag carrier of EIP1559 scum', 'whzz13'], ['u/Masaca', 15, '2022-08-07 10:51', 'https://www.reddit.com/r/EtherMining/comments/whzz13/researchers_say_they_discovered_consensus_level/ijaglpk/', "That's not the attack from the article at all.", 'whzz13'], ['u/Grokzen', 10, '2022-08-07 13:20', 'https://www.reddit.com/r/EtherMining/comments/whzz13/researchers_say_they_discovered_consensus_level/ijarhpf/', "Ain't this what was talked about some time ago called Time bandit attack? or is this a new approach to something else?", 'whzz13']]], ['u/Odlavso', 'What crypto ecosystem do you interact with the most?', 165, '2022-08-07 01:29', 'https://www.reddit.com/r/CryptoCurrency/comments/wi1avo/what_crypto_ecosystem_do_you_interact_with_the/', "Not asking which crypto you hold the most of, but which Crypto ecosystem do you interact with the most through DeFi, games, NFT's or as a form of payment.\n\nI'm thinking many here hold bitcoin but hardly ever use it for anything more than maybe sending to another wallet. The majority of us probably don't use it for purchases. \n\nThe same is probably true for Ethereum, the majority of users on [r/cc](https://www.reddit.com/r/cc/) probably hold some amount of eth but probably never actually make any transactions on the chain due to gas cost or simply cost of anything on it.\n\nI personally find myself using Algorand the most, probably because it's the one I'm the most familiar with and the low transaction fees which allow me to mint NFT's or actually use DeFi apps on small transactions.\n\nI'm trying to branch out to different Crypto ecosystems and am hoping to use the answers posted here to help me decided which chains would be worth looking into.\n\nTLDR: what crypto do you use the most?", 'https://www.reddit.com/r/CryptoCurrency/comments/wi1avo/what_crypto_ecosystem_do_you_interact_with_the/', 'wi1avo', [['u/Bucksaway03', 17, '2022-08-07 01:41', 'https://www.reddit.com/r/CryptoCurrency/comments/wi1avo/what_crypto_ecosystem_do_you_interact_with_the/ij8x1gy/', "Probably ALGO and that's only to vote in governance", 'wi1avo'], ['u/Lothans', 22, '2022-08-07 01:42', 'https://www.reddit.com/r/CryptoCurrency/comments/wi1avo/what_crypto_ecosystem_do_you_interact_with_the/ij8x3py/', 'Cosmos through OsmosisLab et JunoSwap, mainly', 'wi1avo'], ['u/offthevans', 50, '2022-08-07 01:43', 'https://www.reddit.com/r/CryptoCurrency/comments/wi1avo/what_crypto_ecosystem_do_you_interact_with_the/ij8x7pa/', 'Time to shill our bags.', 'wi1avo'], ['u/buyethto10k', 13, '2022-08-07 01:49', 'https://www.reddit.com/r/CryptoCurrency/comments/wi1avo/what_crypto_ecosystem_do_you_interact_with_the/ij8xx6v/', 'Ethereum, but multiple different L2 solutions', 'wi1avo'], ['u/SmallReflection2552', 18, '2022-08-07 02:12', 'https://www.reddit.com/r/CryptoCurrency/comments/wi1avo/what_crypto_ecosystem_do_you_interact_with_the/ij90ujv/', 'Definitely Eth', 'wi1avo'], ['u/Rboy1725', 87, '2022-08-07 02:29', 'https://www.reddit.com/r/CryptoCurrency/comments/wi1avo/what_crypto_ecosystem_do_you_interact_with_the/ij92ych/', "The cosmos and osmosis dex specifically. Hands down best UI. Hands down best all around projects. It's like nothing else there is.", 'wi1avo'], ['u/BeefaloSlim', 14, '2022-08-07 02:31', 'https://www.reddit.com/r/CryptoCurrency/comments/wi1avo/what_crypto_ecosystem_do_you_interact_with_the/ij9373j/', 'The Cosmos ecosystem is the one I interact with the most. Love the staking rewards (especially for Juno), the diversity of projects, using Osmosis to exchange to different tokens, and so many opportunities to vote in the process, that it makes me feel really involved. \n\n&#x200B;\n\nMy number 2 would have been ADA, but I had to sell my bag to cover some expenses. Still sad about it. \n\n&#x200B;\n\nAll the others are just hodl-ing without much interaction.', 'wi1avo'], ['u/pizza-chit', 45, '2022-08-07 02:35', 'https://www.reddit.com/r/CryptoCurrency/comments/wi1avo/what_crypto_ecosystem_do_you_interact_with_the/ij93ms0/', "I'm all over Cosmos. I love how easily the chains interact and the DEX's are super user friendly. I've also made a good chunk of cash from the airdrops I received from staking ATOM", 'wi1avo'], ['u/Lothans', 18, '2022-08-07 02:57', 'https://www.reddit.com/r/CryptoCurrency/comments/wi1avo/what_crypto_ecosystem_do_you_interact_with_the/ij96cgh/', 'Cosmos is really worth a look, Osmosis has the best UI a dex can have ;)', 'wi1avo'], ['u/FarFuckingOut', 15, '2022-08-07 02:57', 'https://www.reddit.com/r/CryptoCurrency/comments/wi1avo/what_crypto_ecosystem_do_you_interact_with_the/ij96ehz/', "Banano.\n\nIt's legit a crazy good coin. Instant, feeless and rich in potassium. And some tasty memes. I fold @ home (simulating protein folding for research as an alternative to simply mining) and use that in the community.", 'wi1avo'], ['u/Smiling_Jack_', 26, '2022-08-07 03:07', 'https://www.reddit.com/r/CryptoCurrency/comments/wi1avo/what_crypto_ecosystem_do_you_interact_w... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['By Lawrence Delevingne (Reuters) -Wall Street stocks were mostly flat on Monday, the dollar weakened and U.S. government bond yields fell as investors weighed mixed messages on inflation and how aggressive the Federal Reserve might be in combating it. The Dow Jones Industrial Average rose just 0.09% on the day, while the S&P 500 lost 0.12% and the Nasdaq Composite dropped 0.1% Of note was Nvidia Corp, whose stock declined around 6% after the chip designer warned on Monday that its second-quarter revenue would drop by 19% from the prior quarter on weakness in its gaming business. The broad Euro STOXX 600 finished up around 0.75% on Monday, led by cyclical and growth stocks, helping it recover losses from Friday. But the MSCI world equity index, which tracks shares in 47 countries, added just 0.15%. "With labor market strength, the threat of a recession seems remote, but concerns over how aggressive the Federal Reserve could be hovers over the market," Quincy Krosby, chief global strategist for LPL Financial, said in an email. Indeed, higher interest rates remained in focus for investors. Unexpectedly strong U.S. jobs data last week raised the stakes for the July U.S. consumer prices report due on Wednesday, which could see a further acceleration in inflation -- and more aggressive Federal Reserve interest rate hikes. Business investment appeared to be an early victim of rising prices and rates, according to new U.S. government data. At the same time, U.S. consumers\' expectations for where inflation will be in a year and three years dropped sharply in July, a New York Federal Reserve survey showed on Monday, a win for policy makers. On Monday, benchmark 10-year note yields fell to 2.751%, after getting as high as 2.869% on Friday, the highest since July 22. Two-year yields were last at 3.211%, after reaching 3.331% on Friday, the highest since June 16. \'OTHER SIDE OF THAT MOUNTAIN\' "The rise in inflation and the Fed\'s reaction to it has been a real headwind for valuations this year," Morgan Stanley strategists wrote in a note on Monday. "However, it\'s also been a tailwind for earnings. Now, we are on the other side of that mountain, and operating leverage is rolling over likely more than the consensus expects." Story continues Fed funds futures traders are now pricing for a 67.5% chance of another 75 basis point rate increase in September, and for the Fed funds rate to rise to 3.65% by March, from 2.33% now. "We see inflation staying above the Fed’s 2% target through next year," BlackRock Investment Institute strategists wrote in a note on Monday. "We think the Fed will keep responding to calls to tame inflation until it acknowledges how that would stall growth." In foreign exchange markets, the U.S. dollar dipped around 0.2% versus a basket of six major currencies to 106.4, giving up some gains after strengthening on the jobs boom and the jump in yields. Analysts remained bullish on the U.S. currency\'s prospects. "Data like this will further any thoughts about \'U.S. exceptionalism\' and is very positive for the USD against all currencies," said Alan Ruskin, global head of G10 FX strategy at Deutsche Bank, referring to the U.S. jobs statistics. The euro declined slightly to $1.019. Bitcoin and other cryptocurrencies, which tend to act as a barometer for risk appetite, gained. Bitcoin was last up 3.25% at $23,942. Gold broke higher on Monday as the dollar and Treasury yields retreated. Spot gold rose 0.8% to $1,788 per ounce, after dropping 1% in the previous session. U.S. gold futures were 0.76% higher at $1,786. Oil prices rebounded some on Monday but were still near their lowest levels in months in volatile trading as positive economic data from China and the United States spurred hopes for demand growth despite recession fears. U.S. crude recently rose 1.79% to $90.59 per barrel and Brent was at $96.40, up 1.59% on the day. (Reporting by Lawrence Delevingne in Boston, Tom Wilson in London and Wayne Cole in Sydney; Editing by Jane Merriman, Peter Graff and Lisa Shumaker)', 'By Lawrence Delevingne\n(Reuters) -Wall Street stocks were mostly flat on Monday, the dollar weakened and U.S. government bond yields fell as investors weighed mixed messages on inflation and how aggressive the Federal Reserve might be in combating it.\nThe Dow Jones Industrial Average rose just 0.09% on the day, while the S&P 500 lost 0.12% and the Nasdaq Composite dropped 0.1%\nOf note was Nvidia Corp, whose stock declined around 6% after the chip designer warned on Monday that its second-quarter revenue would drop by 19% from the prior quarter on weakness in its gaming business.\nThe broad Euro STOXX 600 finished up around 0.75% on Monday, led by cyclical and growth stocks, helping it recover losses from Friday. But the MSCI world equity index, which tracks shares in 47 countries, added just 0.15%.\n"With labor market strength, the threat of a recession seems remote, but concerns over how aggressive the Federal Reserve could be hovers over the market," Quincy Krosby, chief global strategist for LPL Financial, said in an email.\nIndeed, higher interest rates remained in focus for investors.\nUnexpectedly strong U.S. jobs data last week raised the stakes for the July U.S. consumer prices report due on Wednesday, which could see a further acceleration in inflation — and more aggressive Federal Reserve interest rate hikes.\nBusiness investment appeared to be an early victim of rising prices and rates, according to new U.S. government data.\nAt the same time, U.S. consumers\' expectations for where inflation will be in a year and three years dropped sharply in July, a New York Federal Reserve survey showed on Monday, a win for policy makers.\nOn Monday, benchmark 10-year note yields fell to 2.751%, after getting as high as 2.869% on Friday, the highest since July 22. Two-year yields were last at 3.211%, after reaching 3.331% on Friday, the highest since June 16.\n\'OTHER SIDE OF THAT MOUNTAIN\'\n"The rise in inflation and the Fed\'s reaction to it has been a real headwind for valuations this year," Morgan Stanley strategists wrote in a note on Monday. "However, it\'s also been a tailwind for earnings. Now, we are on the other side of that mountain, and operating leverage is rolling over likely more than the consensus expects."\nFed funds futures traders are now pricing for a 67.5% chance of another 75 basis point rate increase in September, and for the Fed funds rate to rise to 3.65% by March, from 2.33% now.\n"We see inflation staying above the Fed’s 2% target through next year," BlackRock Investment Institute strategists wrote in a note on Monday. "We think the Fed will keep responding to calls to tame inflation until it acknowledges how that would stall growth."\nIn foreign exchange markets, the U.S. dollar dipped around 0.2% versus a basket of six major currencies to 106.4, giving up some gains after strengthening on the jobs boom and the jump in yields.\nAnalysts remained bullish on the U.S. currency\'s prospects.\n"Data like this will further any thoughts about \'U.S. exceptionalism\' and is very positive for the USD against all currencies," said Alan Ruskin, global head of G10 FX strategy at Deutsche Bank, referring to the U.S. jobs statistics.\nThe euro declined slightly to $1.019.\nBitcoin and other cryptocurrencies, which tend to act as a barometer for risk appetite, gained. Bitcoin was last up 3.25% at $23,942.\nGold broke higher on Monday as the dollar and Treasury yields retreated. Spot gold rose 0.8% to $1,788 per ounce, after dropping 1% in the previous session. U.S. gold futures were 0.76% higher at $1,786.\nOil prices rebounded some on Monday but were still near their lowest levels in months in volatile trading as positive economic data from China and the United States spurred hopes for demand growth despite recession fears.\nU.S. crude recently rose 1.79% to $90.59 per barrel and Brent was at $96.40, up 1.59% on the day.\n(Reporting by Lawrence Delevingne in Boston, Tom Wilson in London and Wayne Cole in Sydney; Editing by Jane Merriman, Peter Graff and Lisa Shumaker)', 'By Lawrence Delevingne (Reuters) -Wall Street stocks were mostly flat on Monday, the dollar weakened and U.S. government bond yields fell as investors weighed mixed messages on inflation and how aggressive the Federal Reserve might be in combating it. The Dow Jones Industrial Average rose just 0.09% on the day, while the S&P 500 lost 0.12% and the Nasdaq Composite dropped 0.1% Of note was Nvidia Corp, whose stock declined around 6% after the chip designer warned on Monday that its second-quarter revenue would drop by 19% from the prior quarter on weakness in its gaming business. The broad Euro STOXX 600 finished up around 0.75% on Monday, led by cyclical and growth stocks, helping it recover losses from Friday. But the MSCI world equity index, which tracks shares in 47 countries, added just 0.15%. "With labor market strength, the threat of a recession seems remote, but concerns over how aggressive the Federal Reserve could be hovers over the market," Quincy Krosby, chief global strategist for LPL Financial, said in an email. Indeed, higher interest rates remained in focus for investors. Unexpectedly strong U.S. jobs data last week raised the stakes for the July U.S. consumer prices report due on Wednesday, which could see a further acceleration in inflation -- and more aggressive Federal Reserve interest rate hikes. Business investment appeared to be an early victim of rising prices and rates, according to new U.S. government data. At the same time, U.S. consumers\' expectations for where inflation will be in a year and three years dropped sharply in July, a New York Federal Reserve survey showed on Monday, a win for policy makers. On Monday, benchmark 10-year note yields fell to 2.751%, after getting as high as 2.869% on Friday, the highest since July 22. Two-year yields were last at 3.211%, after reaching 3.331% on Friday, the highest since June Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-08-08 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $461,076,261,750 - Hash Rate: 201682132.83796376 - Transaction Count: 256582.0 - Unique Addresses: 652517.0 Social & AI Sentiment: - Fear & Greed Index: 0.30 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Don't miss CoinDesk'sConsensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12. Good morning. Here’s what’s happening: Prices:Bitcoin gains ground, hovering just above $20K. Insights:China's blockchain revolution may not be so revolutionary. Catch the latest episodes ofCoinDesk TVfor insightful interviews with crypto industry leaders and analysis. Andsign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context. Bitcoin (BTC):$20,244 +5% Ether (ETH):$1,152 +7.3% [{"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+3.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "+3.5%", "DACS Sector": "Entertainment"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "+1.3%", "DACS Sector": "Smart Contract Platform"}] [{"Asset": "Terra", "Ticker": "LUNA", "Returns": "\u22123.3%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Stellar", "Ticker": "XLM", "Returns": "\u22120.9%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "XRP", "Ticker": "XRP", "Returns": "\u22120.3%", "DACS Sector": "Currency"}] Bitcoin Gains Ground but Lingers Under $20K On a day of fireworks and bombast in the U.S., crypto had a little to celebrate as well. Bitcoin crept back over the $20,000 threshold that has been a psychological observation point since the start of the summer for investors gauging the length of the current bear market. The largest cryptocurrency by market capitalization was recently trading at about $20,300, up 5% over the past 24 hours. Bitcoin plummeted below $19,000 at one point last week before regaining ground during a Friday rally. Ether rose even more in Monday trading along with several other major altcoins as investors seemed more receptive to risk. The second-largest cryptocurrency by market cap was changing hands at more than $1,150, a nearly 8% gain over the previous day. Among other major cryptos, SOL and SAND jumped more than 9% and 8%, respectively. Still, the crypto Fear & Greed Index remained wedged in extreme fear territory as the industry absorbed its latest body blows, and analysts remained downcast about prices for at least the near-term, short of convincing evidence that inflation is under control and the global economy will not fall into recession. Bitcoin and ether are off more than 5% and 6% from their highs early last week, and most other cryptos are also well in the red over the same period. "Bitcoin has been under even pressure for almost all last week," FxPro Senior Market Analyst Alex Kuptsikevich wrote in an email. "A brief bounce at the beginning of the day on July 1 was more likely due to emotional excitement from the start of a new period (month, quarter, half-year) rather than fundamental changes in the situation." Ether price weakness ETH’s price weakness continues as The Merge, which will see the network change from a proof-of-work to proof-of-stake protocol, fast approaches. Trading was light as the U.S. celebrated its Independence Day. U.S. equity markets were closed in observance of the holiday, but European indexes were up with the Stoxx Europe 600 rising 0.5% on Monday. To be sure, Binance CEO Changpeng Zhao recently called the crypto winter a good time to buy bitcoin for investors who can wait for the next bull market. And a survey fromMastercard(MA) reported that over 51% of Latin Americans made at least one transaction with cryptocurrencies between March and April of this year. But industry-wide cascade of bad news continued with crypto hedge fund Three Arrows Capitalfilingfor bankruptcy late Friday after weeks of speculation that it was functionally insolvent; American-Israeli crypto lender, Celsuis,layingoff some 150 employees over the weekend as it battles a financial crisis that saw it halt customer withdrawals last month; crypto lending platform CoinLoanlimitingthe size of withdrawals; and another crypto lender, Singapore-based Vauld,suspendingall withdrawals, trading and deposits on its platform as it looks at restructuring options. Troubled economic backdrop Kuptsikevich noted the troubled economic backdrop that is likely to continue bedeviling crypto markets. "The global picture remains bearish as stock markets show no glimpses of tightening financial conditions by central banks," Kuptsikevich wrote. "On the weekly charts, BTCUSD remains below the 200-week average, having failed a timid attempt to climb higher last week." S&P 500: 3,825 +1% DJIA: 31,097 +1% Nasdaq: 11,127 +0.9% Gold: $1,808 +.02% China's Blockchain Revolution May Be Falling Short Blockchain technology is a national priority for Beijing,having been name-checkedin 2019 by People’s Republic of China President Xi Jinping as an important opportunity that needs to be seized, andmentioned asa key technological pillar of China’s five-year policy plan in 2021. “We must take the blockchain as an important breakthrough for independent innovation of core technologies,” Xi has been quoted as saying, outlining the government’s policy to integrate the technology into the IT fabric of the bureaucracy at large. And with this came theBlockchain Service Network(BSN), a state-backed infrastructure program that would allow enterprise developers to assemble and develop code to build blockchain-based applications with relative ease. Of course, this isn’t real blockchain per se. It’s a neutered version of that called "permissioned blockchain." No corporation or government, in China or elsewhere, wants their key data to be in a decentralized state they can’t control. As theSouth China Morning Post reportedlast week, China is home to nearly 1,800 blockchain services companies that purport to be integrated into most parts of the economy and bureaucracy. Companies are unconvinced There’s a problem, though: Outside of China, companies have realized thatenterprise blockchain ispretty useless. As CoinDesk reported in early 2021, IBM (IBM), which is effectively synonymous with enterprise computing, hasdismantled its blockchain team. Shortly after,Microsoft (MSFT) discontinuedits Blockchain service on Azure cloud. The U.S. Food and Drug Administration, which once touted blockchain as part of a "smarter era of food safety," hasabandoned the initiative. Technology market research firm Gartnernoted in its hype cycle forecastfor 2021 that “successful permissioned enterprise blockchain projects are scarce.” While things like decentralized finance, payments, and tokenization all have some appeal, Gartner said, enterprise blockchain is stuck because “most users are stuck trying to align use cases to the technology.” “The value of permissioned blockchain is hard to understand since it does not implement the most revolutionary aspect of public blockchains – i.e., trust minimization and elimination of central authority, achieved via decentralized consensus,”Gartner wrotein another post on the topic. Incentives In China’s case, companies are doubling down on blockchain because of the manyincentives available, such as a $140 millionsubsidy fund in Guangzhou– the actual utility of the technology be damned. If the governmentthinks the technologywill help its economic ambitions and wants to throw money at it, companies will happily oblige and play along. This is especially true if they can leverage this with investors to juice a funding round. At one time,China was hometo nearly 35,000 blockchain companies, according to publicly available corporate registration data. Of course many were firms jumping in by adding blockchain to their name to access development subsidies, as well as out-and-out frauds. That number, according to SCMP’s report, is down to around 1,800, so the herd has been thinned. Still, it's questionable what exactly these 1,800 companies are doing. On-chain data is key to verifying any claims involving blockchain. But with these permissioned chains, it's impossible to use a block explorer to inspect the data and verify claims of data volume, something that’s a central tenant for the “trust machine” that is blockchain. 8:30 a.m. HKT/SGT(12:30 a.m. UTC):Jibun Bank Services PMI(June) 9:45 a.m. HKT/SGT(UTC):Caixin (China) Services PMI(June) In case you missed it, here is the most recent episode of"All About Bitcoin"onCoinDesk TV: Genesis Exposure to 3AC, Caitlin Long on Crypto Industry Blowups In one of the biggest scams in crypto history, the Commodity Futures Trading Commission (CFTC) is charging South African bitcoin club Mirror Trading International with $1.7 billion fraud. CoinDesk's Managing Editor for News Danny Nelson shared insights into this story. Plus, Caitlin Long of Custodia Bank discussed crypto regulations and Nick Mancini of Trade The Chain provided market analysis. Three Arrows Paper Trail Leads to Trading Desk Obscured Via Offshore Entities:As Three Arrows Capital collapsed under market pressure, its much-lesser known trading desk, TPS Capital, remained active, sources say. But a complex ownership structure might frustrate creditors' efforts to collect. Crypto Lender Celsius Cuts 150 Jobs Amid Restructuring: Report:Withdrawals are still paused and the company has hired restructuring experts as it faces a financial crisis. Bitcoin Recovers to Over $19K; Nomura Warns of US, UK Recession:Nomura warned of a recession in the eurozone, U.K. and Asia Pacific, which could influence crypto prices. LTCM and Other History Lessons for Crypto:From Long-Term Capital Management to the 2008 financial crisis, crypto's recent woes have echoes in the past, says CoinDesk's chief content officer. Other voices:Bitcoin Prices Struggle Below $20,000. Why Tuesday Could Bring a Bigger Move.(Barron's) "The Vauld management wishes to inform that we are facing financial challenges despite our best efforts. This is due to a combination of circumstances such as the volatile market conditions, the financial difficulties of our key business partners inevitably affecting us, and the current market climate... - Reddit Posts (Sample): [['u/paulgnz', "XPR/METAL farming pair on Proton Swap is currently paying 490% APR but it won't last for long.", 17, '2022-08-08 01:08', 'https://www.reddit.com/r/CryptoCurrency/comments/wiswxn/xprmetal_farming_pair_on_proton_swap_is_currently/', "Metal blockchain ($METAL) is a layer zero blockchain that allows any chain to deploy and find consensus through the Snow protocols (introduced by Avalanche) allowing it to run on a highly efficient model of Proof-of-Stake (PoS), eliminating the need for Proof-of-Work (PoW).\n\nMetal improves upon the initial work of Avalanche by adding a fourth subchain (A Chain) to offer a more resource efficient layer for payments and decentralized finance: Proton (based on EOSIO protocol, adding WASM). Additionally $METAL posits it can remove the need for external wallet software outside of the browser, creating a more native Web3 experience by adding Web Authentication (WebAuthn) support for EVM.\n\nThe highly inefficient consensus of PoW has opened the door for many enthusiasts of top blockchains such as Bitcoin, Dogecoin and Ethereum to begin the transition to PoS. Through creating a base-layer ($METAL) and custodially wrapped tokens (xTokens) on Proton, mainnet blockchains can transition from PoW to PoS.\n\n$METAL eliminates the need for centralized bridges by allowing exchanging between the Proton (A chain) and Exchange (X Chain) subchains, eliminating the risk of bridge-hacking, a growing problem in the world of cryptocurrency.\n\nConsensus: Avalanche, Snowman and EOSIO \nTransaction speed: 4,500+ transactions per second \nTime to Finality: < 0.5 seconds \nCoin Supply: Max Supply: 666,666,666 METAL \| Initial Circulating Supply: 333,333,333 METAL\n\nProton (A Chain) \nBuilt to handle payments, decentralized finance, dApps, DAOs, payment messaging (Banks, PSPs, Fintechs) with a higher resource efficiency.\n\nEVM (C Chain) \nBuilt to handle the Ethereum Virtual Machine and for deploying Solidity contracts that can interact with top cryptocurrencies in a trust-less environment.\n\nStake (P Chain) \nBuilt for stakers to validate the Metal network or delegate to other validators to earn staking rewards.\n\nExchange (X Chain) \nBuilt to handle cross-chain exchanging and transfers between sub-chains.\n\nThere's a conversion event happening where you can convert MTL (Metal DAO) to METAL (Metal Blockchain) at 1:2 but I didn't own any MTL so purchased via Proton Swap and added XPR / METAL to the farm (pictured below)\n\nThe farm just launched yesterday and the current APR won't last long as more people jump on board, APR will likely level out in the next few days so enjoy it while you can.\n\n&#x200B;\n\nYou can buy $METAL via [ProtonSwap.com](https://protonswap.com/) (use the bridge to deposit USDC/USDT)\n\nMore info on Proton XPR [https://proton.org](https://proton.org/)\n\nMore info on METAL Blockchain [https://metalblockchain.org](https://metalblockchain.org/)\n\nhttps://preview.redd.it/hfcnas0bhdg91.png?width=1906&format=png&auto=webp&s=1b377450b96ad08ec7bbca67dc8d211481de3f98", 'https://www.reddit.com/r/CryptoCurrency/comments/wiswxn/xprmetal_farming_pair_on_proton_swap_is_currently/', 'wiswxn', [['u/Bucksaway03', 13, '2022-08-08 01:40', 'https://www.reddit.com/r/CryptoCurrency/comments/wiswxn/xprmetal_farming_pair_on_proton_swap_is_currently/ijdj380/', 'Do people still chase these ridiculous yields?', 'wiswxn'], ['u/MarshallHayner', 31, '2022-08-08 03:20', 'https://www.reddit.com/r/CryptoCurrency/comments/wiswxn/xprmetal_farming_pair_on_proton_swap_is_currently/ijdvu6s/', "Ignore the high APR and read up about the Metallicus team, that's what really counts.", 'wiswxn'], ['u/3-ide-Raven', 11, '2022-08-08 04:07', 'https://www.reddit.com/r/CryptoCurrency/comments/wiswxn/xprmetal_farming_pair_on_proton_swap_is_currently/ije1pjv/', 'Amazing how many people don’t know how LPs work. The APRs are always high at the start because not many people are pooling and the rewards are going to very few people. It will drop quickly.', 'wiswxn'], ['u/paulgnz', 11, '2022-08-08 04:10', 'https://www.reddit.com/r/CryptoCurrency/comments/wiswxn/xprmetal_farming_pair_on_proton_swap_is_currently/ije23vu/', 'Exactly, I guess after the whole LUNA/Celsius thing people see high APR and think scam.', 'wiswxn']]], ['u/throwanatkinsonn', 'ELI5: Why is crypto bad for the environment?', 76, '2022-08-08 03:14', 'https://www.reddit.com/r/explainlikeimfive/comments/wivl6i/eli5_why_is_crypto_bad_for_the_environment/', "I feel like an idiot because I've tried reading articles but it all goes over my head. I don't understand what bitcoin mining is or why it takes up so many resources.", 'https://www.reddit.com/r/explainlikeimfive/comments/wivl6i/eli5_why_is_crypto_bad_for_the_environment/', 'wivl6i', [['u/Kingjoe97034', 279, '2022-08-08 03:19', 'https://www.reddit.com/r/explainlikeimfive/comments/wivl6i/eli5_why_is_crypto_bad_for_the_environment/ijdvlvc/', 'Most cryptocurrencies are ‘mined’ by solving ever-increasing difficulty mathematical equations. This requires computing time. Computing time requires electricity. I think I heard somewhere that the current mining of Bitcoin uses more electricity than the country of Belgium. Doing this simply to generate fake coins that only have value based on people’s willingness to pretend they have value seems like a bad reason to burn fossil fuels.\n\nNote: Some have argued that regular government-generated ‘real’ currency uses electricity, too. Just not as much.', 'wivl6i'], ['u/throwanatkinsonn', 32, '2022-08-08 03:23', 'https://www.reddit.com/r/explainlikeimfive/comments/wivl6i/eli5_why_is_crypto_bad_for_the_environment/ijdw4k2/', "Ohh thank you! I think I get it now. And in the same vein, NFTs are also bad for the environment because they're mostly paid for with cryptocurrencies? Or is there a whole other reason for NFTs being bad?", 'wivl6i'], ['u/Meta_Digital', 62, '2022-08-08 03:43', 'https://www.reddit.com/r/explainlikeimfive/comments/wivl6i/eli5_why_is_crypto_bad_for_the_environment/ijdyr0r/', "It's essentially a different way of doing the same basic thing.\n\nCryto and NTFs generate unique data that's stored and [constantly verified on the blockchain](https://en.wikipedia.org/wiki/Proof_of_work), and that process is energy intensive.\n\nSome use [proof of stake](https://en.wikipedia.org/wiki/Proof_of_stake) validation, which is less energy intense.\n\nRegardless, as you pointed out, most NFTs are paid for in crypto (Etherium), and that also comes with the problem of cryto mining.\n\nUltimately, there's just the fact that with both, nothing is created. There is no utility to be had; no service to humanity. We are looking at energy intensive digital technology that is at best only serving speculative investors and at worst only benefiting con artists. Both are detrimental to not only the environment, but to humanity at large. It's difficult to justify any environmental costs with such an activity.", 'wivl6i'], ['u/Lars-Li', 14, '2022-08-08 04:26', 'https://www.reddit.com/r/explainlikeimfive/comments/wivl6i/eli5_why_is_crypto_bad_for_the_environment/ije445b/', "It's important to remember that it's not simply about it requiring computational power, but how it's a race to out-compute everyone else.\n\nThis is also why optimizing it will never be a solution. If mining was twice as efficient, crypto would lose half its value because everyone would just mine twice as much.", 'wivl6i'], ['u/usrevenge', 50, '2022-08-08 04:43', 'https://www.reddit.com/r/explainlikeimfive/comments/wivl6i/eli5_why_is_crypto_bad_for_the_environment/ije65vp/', "Eli5 for crypto to work a bunch of computers wastes electricity doing math.\n\nImagine if you ran a very intensive game on your PC 24/7 but nerve actually played it.\n\nNow imagine buying a garage full of pcs and doing the same thing. \n\nNow imagine entire companies and groups of people buying warehouses full of pcs to run an intensive game and not actually play it.\n\n\nThat's cryptos impact on the environment.", 'wivl6i'], ['u/biggsteve81', 15, '2022-08-08 06:01', 'https://www.reddit.com/r/explainlikeimfive/comments/wivl6i/eli5_why_is_crypto_bad_for_the_environment/ijeexw7/', "Except one of those things you can use to buy a house/car/McDonalds hamburger and the other you can't.", 'wivl6i'], ['u/urzu_seven', 12, '2022-08-08 06:18', 'https://www.reddit.com/r/explainlikeimfive/comments/wivl6i/eli5_why_is_crypto_bad_for_the_environment/ijegoiv/', '> You just have to know how\n\nWhich is part of the problem, cryptocurrency is a more complicated, more wasteful method of value transfer than existing currency. It solves no problems whatsoever while creating many. \n\nBuying that same hamburger with dollars/pounds/yen etc. is easier, cheaper, more stable, better for the environment, basically superior in every way.', 'wivl6i'], ['u/ApatheticAbsurdist', 11, '2022-08-08 07:17', 'https://www.reddit.com/r/explainlikeimfive/comments/wivl6i/eli5_why_is_crypto_bad_for_the_environment/ijemi0k/', "If you were to plug your computer into a watt meter to see how much power it uses, you might be surprised to see the amount of power changes quite a bit depending on what your computer is doing. It uses almost nothing when asleep, when just browsing the web or something it might not use a lot, but run an intensive video game or a very complex simulation program the power use goes very high. And if you get a very high end gaming PC with a high end GPU and such, it will render the games even better but it will probably draw a lot more power. People will try to find the cheapest areas to buy electricity and set up garages or even warehouses filled with computers blasting a way full throttle 24/7 burning electricity. The rooms are usually insanely loud with fans going everywhere and are still insanely hot from all the heat being generated from all the energy being used in the computers. If the heat get... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening:\nPrices:Bitcoin continued its recent rally; ether and other major cryptos also rose.\nInsights:Ethereum\'s Vitalik Buterin and Tron\'s Justin Sun are clashing over Ethereum\'s future.\n●Bitcoin (BTC): $23,843+2.5%\n●Ether (ETH): $1,779+4.1%\n●S&P 500 daily close: 4,140.06−0.1%\n●Gold: $1,786 per troy ounce+0.8%\n●Ten-year Treasury yield daily close: 2.77%−0.07\nBitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found atcoindesk.com/indices.\nBitcoin Surges Early and Then Holds Near $24K; Other Cryptos Climb\nBy James Rubin\nBitcoin bounded out of the starting gate Monday, cracking $24,000 at one point before settling just below this threshold as investors began a two-day wait for the latest inflation numbers.\nThe largest cryptocurrency by market capitalization was recently trading at about $23,800, up more than 2% during the previous 24 hours. Bitcoin has been rallying over the past four days amid hopeful signs that inflation will soon be under control without triggering a steep recession.\n"Bitcoin remains near its recent highs as crypto traders are looking to see if the crypto winter is over," Oanda Senior Market Analyst Americas Edward Moya wrote in an email.\nEther followed a similar pattern, hitting a two-month high above $1,800 earlier in the day before taking a foothold slightly below this level. The second-largest crypto by market cap was recently up more than 4% over the previous day. Other major cryptos spent much of their day firmly in the green, with GRT soaring more than 16% and DOT rising over 7% at one point.\nBeleaguered crypto lending platform Celsius Network skyrocketed more than 24% to trade at a higher price than before it encountered financial difficulties and halted user withdrawals in early June. But Brett Sifling, director at Gerber Kawasaki Wealth & Investment Management,told CoinDeskthat CEL may have been swept up in a surge of speculative assets and meme stocks. And other market observers attributed the rise to a short squeeze organized on Twitter under the #CELShortSqueeze banner. They did not see a bright future for the coin.\nMajor indexes\nMajor equity indexes closed nearly flat following largely disappointing second-quarter earnings by a number of large brands, including software and computer chip manufacturer Nvidia (NVSA), which missed analysts\' revenue expectations. The tech-heavy Nasdaq fell 0.1%, but the Dow Jones Industrial Average (DJIA) rose 0.1%\nInflation holds center stage on this week\'s investor watch list with the U.S. Bureau of Labor Statistics releasing the July consumer price index on Wednesday. Many analysts expect an 8.7% increase, still hefty but down from the unexpectedly high 9.1% reading in June. The New York Federal Reserveoffered furtherhope that price increases have reached a peak with the release of a survey showing rosier consumer expectations for inflation in 2023.\n"It’s inflation week, and all eyes are on the U.S. CPI report," wrote Jeff Dorman, chief investment officer of the financial services firm Arca. "Markets are looking for headline inflation to (finally) slow down. Signs of peak inflation abound, with commodity prices declining precipitously from their highs – historically a strong sign of an impending inflation slowdown."\nThe crypto industrysufferedits latest dose of bad news Monday with the announcement the U.S. Treasury Department has banned all Americans from using decentralized crypto-mixing service Tornado Cash.\nThe Office of Foreign Assets Control (OFAC), a watchdog agency tasked with preventing sanctions violations, on Monday added Tornado Cash to its Specially Designated Nationals list, a running tally of blacklisted people, entities and cryptocurrency addresses. Tornado Cash has been a key tool for the Lazarus Group, a North Korean hacking group tied to the $625 million March hack of Axie Infinity’s Ronin Network, according to the Treasury Department.\nPolygon-based Web3 game Dragoma\'s supportersappear to have fallen victimto a $3.5 million rug pull, according to blockchain sleuth PeckShield. Dragoma, which launched just days ago, had said it planned to become a Web3 adventure game that incorporated non-fungible tokens (NFT) and elements of social media alongside its native token, DMA.\nStill, Oanda\'s Moya struck an upbeat note about crypto pricing. "The selling pressure has significantly eased and momentum traders could pounce on the break of the $25,000 level," he wrote.\n[{"Asset": "Polkadot", "Ticker": "DOT", "Returns": "+6.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "+5.9%", "DACS Sector": "Computing"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+4.3%", "DACS Sector": "Smart Contract Platform"}]\nThere are no losers in CoinDesk 20 today.\nWhy Do We Need Ethereum PoW When We Have Ethereum Classic?\nBy Sam Reynolds\nA month before the much anticipated Ethereum Merge a battle is brewing between Ethereum’s co-founder Vitalik Buterin and Tron’s Justin Sun.\nButerin is dismissive of efforts to maintain some form ofproof-of-work(PoW) system for Ethereum after the blockchain goes through a transition to a less energy-intensiveproof-of-stake(PoS) system.\n“I\'m not expecting EthereumPOW to have substantial, long-term adoption,” Buterin said at a press conference at ETH Seoul, part of the current Blockchain Megaweek in South Korea. “A couple of outsiders that have exchanges just want to make a quick buck. I just don\'t see this organic aspect to it.”\nUnsurprisingly, when “quick buck” is mentioned, (His Excellency) Justin Sun emerges. (Sun is a Permanent Representative of Grenada to the World Trade Organization.)\nTron’s Justin Sun is a cheerleaderfor an Ethereum hard fork that would maintain proof-of-work. Tron’s USDD would be the first stablecoin on what he is calling the "EthereumPOW" protocol. The Sun-backed Poloniex exchange would list it.\nFor his part, Sun says that Poloniex, which has taken the first steps toward listing an EthereumPOW token (ETHW) won’t be taking any fees from trading ETHW. It\'s all for the public good, he says.\nSmall volume\nRegardless,CoinGecko datasays there’s not much comparable market interest in it, with only $3.1 million in volume changing hands on the first day.\n“I don\'t expect Ethereum to really be significantly harmed by another fork,” Buterin said at ETHSeoul. “My impression from everyone I talked to in the Ethereum ecosystem is that they\'ve been completely supportive of the proof of stake effort, and the ecosystem has been quite united around it.”\nAnyone who wants to remain using proof-of-work and Ethereum will just stick with Ethereum Classic, Buterin believes. (Ethereum Classic is what used to be Ethereum until a 2016 hack of The DAO, a smart contract platform running on Ethereum. What remained after a fork became Ethereum Classic, which has its own currency, ETC.)\n“I think Ethereum Classic already has a superior community and a superior product for people kind of with those pro-proof-of-work values and preferences,” he said.\nBut do the markets agree with Buterin?CoinGecko datashows that Ethereum Classic has $1.16 billion in trading volume.\nBut it took almost two months for Ethereum Classic to test the $3.1 million mark in volume that EthereumPOW has already gotten to in daily volume, and over a year and a half for Ethereum Classic’s volume to consistently hit that waterline.\nBy that metric, it might be too early to tell if the market has rejected EthereumPOW. Maybe this is more than an attempt for outsiders to make a quick buck. But at the same time, do we really need two proof-of-work versions of Ethereum?\nKorea Blockchain Week\nETHToronto\nCoinbase second quarter earnings\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nJustin Sun on Ethereum Merge: Why He Backs a Hard Fork; Binance, WazirX Dispute\nTron founder Justin Sun is vowing to back an Ethereum fork, creating concern as the Ethereum Merge approaches but Vitalik Buterin is playing it down. Sun joined "First Mover" to explain his position. Also, CrossTower\'s Kapil Rathi provided his crypto markets analysis and perspective on the WazirX, Binance dispute that has stirred panic among WazirX users.\nCrypto-Mixing Service Tornado Cash Blacklisted by US Treasury:The department barred its use by U.S. persons as a matter of national security because North Korean hackers allegedly use the mixer to launder stolen crypto funds.\nEther\'s Deepest \'Backwardation\' Since 2020 Crash Shows Traders Prepping for Ethereum PoW Split:Traders have been buying ETH in the spot market and selling ether futures to withstand volatility, creating the unusual dynamic.\nWazirX Co-Founder Nischal Shetty Speaks Out on Spat With Binance CEO:Shetty said his team has been in discussions with Binance for several months to work out the ownership issue.\nAmericans See Inflation Plunging Sharply Next Year, New York Fed Survey Finds:Respondents to the widely considered survey expect inflation to run at 6.2% in 2023, which is down 0.6% from last month’s survey.\nThe Ethereum Merge Is the Main Contributor to July Rebound: JPMorgan:The price of ether surged 70% in July, outpacing other major cryptos.\nHow to Get Into Seed Club, the ‘Y Combinator of Web3\':The popular DAO accelerator offers a 12-week crash course for building a token project.\nOther voices:Bitcoin Believers Are Back to Watching Stocks After Crypto Crash(Bloomberg)\n"The Federal Reserve Bank of New York\'s Center for Microeconomic Data today released the July 2022 Survey of Consumer Expectations, which shows substantial declines in short-, medium- and longer-term inflation expectations. Expectations about year-ahead price increases for gas and food fell sharply. H Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-08-09 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $448,879,232,700 - Hash Rate: 200281562.47103348 - Transaction Count: 256233.0 - Unique Addresses: 646055.0 Social & AI Sentiment: - Fear & Greed Index: 0.42 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Don't miss CoinDesk'sConsensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12. Good morning. Here’s what’s happening: Prices:Bitcoin and ether surge after Fed chair's defiant tone. Insights:Institutional interest in digital assets remains strong. Catch the latest episodes ofCoinDesk TVfor insightful interviews with crypto industry leaders and analysis. Andsign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context. Bitcoin (BTC):$21,082 +5.6% Ether (ETH):$1,143 +9% [{"Asset": "Polygon", "Ticker": "MATIC", "Returns": "+21.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+14.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+12.3%", "DACS Sector": "Smart Contract Platform"}] There are no losers in CoinDesk 20 today. Bitcoin and Ether Surge After Fed Chair's Defiant Remarks In the ongoing tug-of-war between the forces driving bitcoin over $20,000 and those dragging it below, the drivers won in Thursday trading. Bitcoin was recently trading at about $21,100, a more than 5% increase over the past 24 hours that helped the largest cryptocurrency regain much of the ground lost the previous day. Ether, the second largest crypto by market cap, was changing hands over $1,140, an 8% gain. Other major altcoins assumed various shades of green with STORJ and POLY assuming two of the darkest hues, rising more than 30% and 20%, respectively at one point. Crypto increases dovetailed with equities gains as investors relaxed at least temporarily from their risk-averse crouches. The tech-focused Nasdaq, which has increasingly predicted digital assets' performances, rose 1.6%, while the S&P 500, which contains a heavy tech component, climbed almost a percentage point after a second day of testimony by U.S. central bank Chair Jerome Powell, whose defiant tone about inflation and frank acknowledgement that the Fed's monetary hawkishness might lead to a recession soothed markets craving clarity. Still, analysts are pessimistic about the staying power of Thursday's crypto surge amid onrushing inflation and ongoing geopolitical uncertainty. "Bitcoin remains a risky asset and probably won't trade on crypto fundamentals until a firm bottom is agreed upon for U.S. stocks," Oanda Americas Senior Analyst Edward Moya wrote in an email. Crypto markets absorbed a mix of good and bad news, mostly the latter. Among the more encouraging events, Solana Labs, the main stakeholder in the Solana blockchain network, announced that it was building a Web3 mobile phone called "Saga." And Binance CEO Changpeng Zhaowrote in a blog postthat his firm would remain committed to helping crypto projects with fixable problems and strong potential. "With our position as one of the largest industry players with healthy cash reserves, we have a duty to protect users," Zhao wrote. "We also have a responsibility to help industry players survive and hopefully thrive." But physical futures crypto exchangeCoinFLEXpaused withdrawals citing the same “extreme market conditions” that other firms in the crypto space, including Celsius have blamed for their troubles. CoinFLEX CEO Mark Lambsaid in a blog post Thursdaythat the decision tied to a certain counterparty, although he added that it was not the struggling crypto hedge fund Three Arrows Capital or “any lending firm.” Late Wednesday, cryptocurrency broker Voyager Digitalreducedits daily withdrawal limit to $10,000 from $25,000 after detailing its exposure to Three Arrows Capital earlier this week. Voyager shares (VOYG) plunged bymore than 60% Wednesdayafter the company said it had an aggregated exposure of $720 million to Three Arrows Capital in the form ofstablecoinsand bitcoin. And ratings agencyMoody’s has downgraded Coinbase’s (COIN) corporate debtand also placed its debt ratings for the crypto exchange under review for further downgrade. Even as Oanda's Moya was upbeat about bitcoin's longer range future, he noted for the present that "no one is confident that the bottom is in." "Bitcoin will remain a volatile trade and the correlation with equities seems like it will last for quite a while," he wrote. S&P 500: 3,795 +0.9% DJIA: 30,677 +0.6% Nasdaq: 11,232 +1.6% Gold: $1,822 -0.7% Hong Kong’s OSL: Institutional Interest Remains Strong in Crypto, Despite Luna-Induced Volatility It’s no secret that retail volume on crypto exchanges is down significantly, from around12% at Binanceto44% on-quarter for Coinbase, but the same isn’t being felt at institutional exchanges. For example, OSL is on pace in 2022 to set a record for trading volume. “Our global platform volumes are higher than our average volumes of 2021, and 2021 has been our biggest year,” Fernando Martínez, OSL head of Americas, told CoinDesk in an interview. Luna’s collapse has affected some exchanges, which have suspended withdrawals, and in turn shaken market confidence, even if some of the exchange’s were victims of technical issues. Martínez points to growing institutional anxiety with these issues as a reason for the increased volume on OSL. “They are actually afraid of the counterparty risk because of everything that's happening,” Martínez said, sharing the perspectives he’s heard from OSL clients: “I cannot trust this or that exchange because you're blocking withdrawals. I cannot trust this or that counterparty because they're not regulated, or because I know that they had some exposure to these types of uncollateralized lending type of activities.” Institutions continue to want to double down on the crypto asset class because they understand that the current correction is merely cyclical, just like any other drawdown. Retail investors are backing away after so many of them got rekt and and because of deep anxieties about inflation and the prospect of a recession. “From the TradFi institutions that have already entered the market, we're already seeing them turn up the heat,” he said. In contrast, Martínez points to the recent sharp spike in outflows from the Toronto-listed Purpose bitcoin ETF as an example of the shaky confidence retail has in the market. Indeed, Glassnode data shows that on June 17 there was an outflow of 24,500 bitcoin from the ETF. A similar trend can be observed with the 3iQ Bitcoin ETF which saw an outflow of 8,400 bitcoin a few days earlier on June 14. “It's a combination between retail that has lost confidence and crypto participants that are not managing risk carefully,” Martínez said. 8 a.m. HKT/SGT(12 a.m. UTC):European Union Leaders Summit 2 p.m. HKT/SGT(6 a.m. UTC):U.K. retail salesvia Office of National Statistics (May/MoM/YoY) In case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV: Can Bitcoin Rebound From $20K? Ledger Expansion Plans "First Mover" dove into the latest crypto news and price action in the markets with Martin Leinweber, MV Index Solutions digital asset product strategist. Also, Pascal Gauthier, Ledger's chairman and CEO, discusses ambitious expansion plans during the crypto bear market. Shiba Inu's SHIB Jumps Amid Speculative Frenzy, BONE Proposal:SHIB rose by nearly 48% in value since the weekend before a sell-off this morning. Voyager Digital Cuts Daily Withdrawal Limit to $10K Amid 3AC Exposure:The decision comes off the back of a heavy decline in the Voyager share price on Wednesday. CoinFLEX Pauses Withdrawals Amid ‘Extreme Market Conditions’ and Counterparty Uncertainty:The counterparty is not crypto hedge fund Three Arrows Capital, CoinFLEX's CEO said. Moody’s Downgrades Coinbase’s Debt on Profitability Concerns:The ratings agency has also put the crypto exchange’s ratings under review for further downgrade. Solana Labs Is Building a Web3 Mobile Phone:The backers of the Solana blockchain said the devices will cost around $1,000 and be available for delivery in early 2023. The Risks and Benefits of On-Chain Credit Protocols:"Unsecured lending" repeats some of issues of undercollateralized lending that blew up some crypto firms, but offers a potential solution. Other voices:Do Kwon’s Crypto Empire Fell in a $40 Billion Crash. He’s Got a New Coin for You. "Trevor Lawrence Turned His $24 Million Signing Bonus Into $9 Million by Getting It All in Crypto" (Barstool Sports/Twitter) ... "We think it’s important to clarify some information that we’ve seen about Coinbase Pro and our plans to launch Coinbase Advanced Trade." (Coinbase/Twitter) ... "As you all know, current market conditions are tough. With our position as one of the largest industry players with healthy cash reserves, we have a duty to protect users. We also have a responsibility to help industry players survive and hopefully thrive. This is the case even if there are no direct benefits to us or we experience negative ROIs. Having said that, the word 'bailout' can have different meanings to different people. And as with most things in the real world, it’s not a binary situation." (Binance blog)... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['By Tom Westbrook SINGAPORE, Aug 10 (Reuters) - The dollar traded firmly on Wednesday in anticipation of U.S. inflation data, which even if it comes in softer-than-expected is still likely to be so red hot that steep U.S. interest rate rises will be required to rein it in. The figures are due at 1230 GMT. Economists expect year-on-year headline inflation running at a scorching 8.7%, a small retreat from June\'s whopping 9.1% figure. Core inflation is expected at 0.5% month-on-month . Currency market moves have been slight in the lead up and for previous releases, reactions have been more muted than in the volatile bond market. The greenback was broadly steady overnight, though has paused a bit of a retreat that began in the middle of July. It bought 135.14 Japanese yen and sat at $1.0208 per euro. The Australian and New Zealand dollars eased slightly, with the Aussie last at $0.6958 - just above its 50-day moving average. The kiwi bought $0.6284. Traders expect reaction to turn on the core inflation figure. "The market will initially get more excited by a downside core CPI surprise than an upside surprise," said Deutsche Bank strategist Alan Ruskin, feeding in to hopes that falling commodity prices mean inflation can quickly recede. "It will also play to the market\'s recent proclivity to buy risk dips, and will be a broad-based negative for the U.S. dollar," he said. "An upside core CPI surprise will fit with the pattern of the last three releases...the purist long dollar trade in this instance is versus the yen," he said, adding dollar/yen could likely to rise into a 135-139 per dollar range. A quick reading on policymakers\' reaction may come from Fed officials Charles Evans and Neel Kashkari who are due to make speeches at 1500 GMT and 1800 GMT, though they will have another set of price data in August before September\'s policy meeting. "A one-off sharp drop in CPI at this point should not mean that much to the Fed," said NatWest Markets\' rates strategist Jan Nevruzi. "They need to see at minimum a consistent multi-month trend to turn around, while acceleration in inflation means that a lot more has to be done on the tightening front." Chinese inflation data is also due on Wednesday, though is expected to show it firmly under control. The yuan has faced some pressure from rising Sino-U.S. tensions and a widening property and banking crisis in China. In offshore trade, the yuan was steady at 6.7550 per dollar. Bitcoin, rattled by a drumbeat of cryptocurrency fund wipeouts and thefts over recent months, fell sharply on Tuesday and was at $23,070 on Wednesday. In emerging markets, the Bank of Thailand is expected to lift interest rates from record lows and the baht hung on to recent gains. ======================================================== Currency bid prices at 0008 GMT Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Euro/Dollar $1.0205 $1.0213 -0.08% -10.23% +1.0215 +1.0205 Dollar/Yen 135.1150 135.1250 +0.00% +0.00% +135.2300 +0.0000 Euro/Yen Dollar/Swiss 0.9540 0.9537 +0.05% +4.60% +0.9543 +0.9538 Sterling/Dollar 1.2072 1.2075 -0.01% -10.72% +1.2091 +1.2073 Dollar/Canadian 1.2888 1.2883 +0.02% +1.92% +1.2890 +1.2884 Aussie/Dollar 0.6950 0.6962 -0.19% -4.40% +0.6966 +0.6949 NZ 0.6280 0.6288 -0.04% -8.17% +0.6288 +0.6284 Dollar/Dollar All spots Tokyo spots Europe spots Volatilities Tokyo Forex market info from BOJ (Reporting by Tom Westbrook; Editing by Lincoln Feast.)', 'By Tom Westbrook SINGAPORE, Aug 10 (Reuters) - The dollar traded firmly on Wednesday in anticipation of U.S. inflation data, which even if it comes in softer-than-expected is still likely to be so red hot that steep U.S. interest rate rises will be required to rein it in. The figures are due at 1230 GMT. Economists expect year-on-year headline inflation running at a scorching 8.7%, a small retreat from June\'s whopping 9.1% figure. Core inflation is expected at 0.5% month-on-month . Currency market moves have been slight in the lead up and for previous releases, reactions have been more muted than in the volatile bond market. The greenback was broadly steady overnight, though has paused a bit of a retreat that began in the middle of July. It bought 135.14 Japanese yen and sat at $1.0208 per euro. The Australian and New Zealand dollars eased slightly, with the Aussie last at $0.6958 - just above its 50-day moving average. The kiwi bought $0.6284. Traders expect reaction to turn on the core inflation figure. "The market will initially get more excited by a downside core CPI surprise than an upside surprise," said Deutsche Bank strategist Alan Ruskin, feeding in to hopes that falling commodity prices mean inflation can quickly recede. "It will also play to the market\'s recent proclivity to buy risk dips, and will be a broad-based negative for the U.S. dollar," he said. "An upside core CPI surprise will fit with the pattern of the last three releases...the purist long dollar trade in this instance is versus the yen," he said, adding dollar/yen could likely to rise into a 135-139 per dollar range. A quick reading on policymakers\' reaction may come from Fed officials Charles Evans and Neel Kashkari who are due to make speeches at 1500 GMT and 1800 GMT, though they will have another set of price data in August before September\'s policy meeting. "A one-off sharp drop in CPI at this point should not mean that much to the Fed," said NatWest Markets\' rates strategist Jan Nevruzi. "They need to see at minimum a consistent multi-month trend to turn around, while acceleration in inflation means that a lot more has to be done on the tightening front." Chinese inflation data is also due on Wednesday, though is expected to show it firmly under control. The yuan has faced some pressure from rising Sino-U.S. tensions and a widening property and banking crisis in China. In offshore trade, the yuan was steady at 6.7550 per dollar. Bitcoin, rattled by a drumbeat of cryptocurrency fund wipeouts and thefts over recent months, fell sharply on Tuesday and was at $23,070 on Wednesday. In emerging markets, the Bank of Thailand is expected to lift interest rates from record lows and the baht hung on to recent gains. ======================================================== Currency bid prices at 0008 GMT Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Euro/Dollar $1.0205 $1.0213 -0.08% -10.23% +1.0215 +1.0205 Dollar/Yen 135.1150 135.1250 +0.00% +0.00% +135.2300 +0.0000 Euro/Yen Dollar/Swiss 0.9540 0.9537 +0.05% +4.60% +0.9543 +0.9538 Sterling/Dollar 1.2072 1.2075 -0.01% -10.72% +1.2091 +1.2073 Dollar/Canadian 1.2888 1.2883 +0.02% +1.92% +1.2890 +1.2884 Aussie/Dollar 0.6950 0.6962 -0.19% -4.40% +0.6966 +0.6949 NZ 0.6280 0.6288 -0.04% -8.17% +0.6288 +0.6284 Dollar/Dollar All spots Tokyo spots Europe spots Volatilities Tokyo Forex market info from BOJ (Reporting by Tom Westbrook; Editing by Lincoln Feast.)', 'Bitcoin and Ethereum fell as most of the top 10 cryptocurrencies gave up ground made earlier in the week. BNB was the exception, posting a slight gain to round out a 15% price increase in the past seven days. See related article: Markets: Bitcoin loses steam, Ether continues run higher in late Asia trading Fast facts Bitcoin changed hands at US$23,216 as of 8:00 a.m. in Hong Kong, off 2.8% in the prior 24 hours. Ethereum fell 4.3% to US$1,707, according to data from CoinMarketCap . BNB was up 0.6% to US$327.21, continuing its price rise since issuer Binance last week said it was extending its staking offerings to more tokens. Solana saw the biggest losses in CoinMarketCap’s top ten, dropping 4.7% to US$40.47. U.S. equity markets fell overnight, with the Dow Jones Industrial Average and the S&P 500 Index both ending down a little less than 1%, while the Nasdaq Composite Index fell 1.1%. Investors are cautious ahead of the release of key inflation data on Wednesday. While\xa0many economists expect consumer prices in July rose just 0.2%, down from 1.3% in June, other recent inflation indicators, such as jobs, have exceeded expectations, suggesting the Federal Reserve will further raise interest rates. The Consumer Price Index is one of three data sets related to inflation to be released on Wednesday, along with the Producer Price Index and unit labor costs, which measure all wages paid to employees. See related article: Why crypto and DeFi are key to building wealth in times of high inflation', 'Bitcoin and Ethereum fell as most of the top 10 cryptocurrencies gave up ground made earlier in the week. BNB was the exception, posting a slight gain to round out a 15% price increase in the past seven days. See related article: Markets: Bitcoin loses steam, Ether continues run higher in late Asia trading Fast facts Bitcoin changed hands at US$23,216 as of 8:00 a.m. in Hong Kong, off 2.8% in the prior 24 hours. Ethereum fell 4.3% to US$1,707, according to data from CoinMarketCap . BNB was up 0.6% to US$327.21, continuing its price rise since issuer Binance last week said it was extending its staking offerings to more tokens. Solana saw the biggest losses in CoinMarketCap’s top ten, dropping 4.7% to US$40.47. U.S. equity markets fell overnight, with the Dow Jones Industrial Average and the S&P 500 Index both ending down a little less than 1%, while the Nasdaq Composite Index fell 1.1%. Investors are cautious ahead of the release of key inflation data on Wednesday. While\xa0many economists expect consumer prices in July rose just 0.2%, down from 1.3% in June, other recent inflation indicators, such as jobs, have exceeded expectations, suggesting the Federal Reserve will further raise interest rates. The Consumer Price Index is one of three data sets related to inflation to be released on Wednesday, along with the Producer Price Index and unit labor costs, which measure all wages paid to employees. See related article: Why crypto and DeFi are key to building wealth in times of high Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-08-10 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $437,732,538,862 - Hash Rate: 207284414.3056849 - Transaction Count: 264566.0 - Unique Addresses: 663480.0 Social & AI Sentiment: - Fear & Greed Index: 0.31 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: The U.S. Senate Agriculture Committee introduced a bill on Wednesday to put the Commodity Futures Trading Commission (CFTC) at the helm of regulating all cryptocurrencies classified as commodities. See related article: US crypto bill could undermine market protections: SEC, Gensler Fast facts The bill would give the CFTC “exclusive jurisdiction” over all “digital commodities,” which includes Bitcoin, Ethereum and other cryptocurrencies that are deemed commodities, and not securities. The Digital Commodities Consumer Protection Act of 2022 would make it mandatory for crypto trading platforms, brokers, and custodians to register with the CFTC. According to the bill, crypto firms would be required to disclose certain information, such as the operating structure and system of the commodity, trading volume, and volatility of the digital commodities trading on their platform. The U.S. derivatives regulator would be in charge of formulating rules to prevent fraud and protect consumers. The commission would also be required to publish a report on its website regarding the energy consumption and source of energy of firms under its jurisdiction. The bill also allows for double registration, so firms registering with the CFTC can also register with the Securities and Exchange Commission (SEC), whose chief Gary Gensler has been vying for the spot as the top crypto regulator as he claims most crypto tokens are securities. See related article: US crypto bill may not pass the Senate this year, Lummis says... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin, Ethereum and all other top 10 cryptocurrencies rose in tandem with U.S. equities markets overnight as consumer data showed U.S. inflation slowed in July. Polkadot surged after announcing a tie-up in decentralized finance services.See related article:Markets: Bitcoin, Ether fall in general sell off; Solana takes hit, BNB stumbles\n• Bitcoin changed hands at US$23,957 as of 8 a.m. on Thursday in Hong Kong, up 3.4% in the prior 24 hours. Ethereum surged 8.8% to US$1,852, according todata from CoinMarketCap.\n• Polkadot was the other major mover in CoinMarketCap’s top 10 tokens by market capitalization, gaining 6.8% to US$9.52 after earlier touching its highest price since early June.\n• Polkadot’s gainscome amid a partnershipwith institutional investment company BitGo, which said it will offer Polkadot in hot wallets to securely access decentralized finance services.\n• U.S. equities ended Wednesday higher on the softer inflation reading. The Dow Jones Industrial Average closed with a 1.6% gain, the S&P 500 index added 2.1% and the Nasdaq Composite Index rose 2.9%.\n• The Consumer Price Index released on Wednesday showed U.S. inflation came in at 8.5% year-on-year in July, or slower than the 9.1% pace recorded in June. The June number was the highest monthly increase in four decades.\n• Concerns about inflation have prompted the Federal Reserve to bump up interest rates this year and more increases are expected when the Fed meets again in September. However, investors see that any indicators that suggest inflation is slowing may ease the pressure for a larger rate rise.\nSee related article:India crypto traders try to dodge fallout from WazirX woes, spat with Binance', 'Bitcoin, Ethereum and all other top 10 cryptocurrencies rose in tandem with U.S. equities markets overnight as consumer data showed U.S. inflation slowed in July. Polkadot surged after announcing a tie-up in decentralized finance services. See related article: Markets: Bitcoin, Ether fall in general sell off; Solana takes hit, BNB stumbles Fast facts Bitcoin changed hands at US$23,957 as of 8 a.m. on Thursday in Hong Kong, up 3.4% in the prior 24 hours. Ethereum surged 8.8% to US$1,852, according to data from CoinMarketCap . Polkadot was the other major mover in CoinMarketCap’s top 10 tokens by market capitalization, gaining 6.8% to US$9.52 after earlier touching its highest price since early June. Polkadot’s gains come amid a partnership with institutional investment company BitGo, which said it will offer Polkadot in hot wallets to securely access decentralized finance services. U.S. equities ended Wednesday higher on the softer inflation reading. The Dow Jones Industrial Average closed with a 1.6% gain, the S&P 500 index added 2.1% and the Nasdaq Composite Index rose 2.9%. The Consumer Price Index released on Wednesday showed U.S. inflation came in at 8.5% year-on-year in July, or slower than the 9.1% pace recorded in June. The June number was the highest monthly increase in four decades. Concerns about inflation have prompted the Federal Reserve to bump up interest rates this year and more increases are expected when the Fed meets again in September. However, investors see that any indicators that suggest inflation is slowing may ease the pressure for a larger rate rise. See related article: India crypto traders try to dodge fallout from WazirX woes, spat with Binance', 'Bitcoin, Ethereum and all other top 10 cryptocurrencies rose in tandem with U.S. equities markets overnight as consumer data showed U.S. inflation slowed in July. Polkadot surged after announcing a tie-up in decentralized finance services.See related article:Markets: Bitcoin, Ether fall in general sell off; Solana takes hit, BNB stumbles\n• Bitcoin changed hands at US$23,957 as of 8 a.m. on Thursday in Hong Kong, up 3.4% in the prior 24 hours. Ethereum surged 8.8% to US$1,852, according todata from CoinMarketCap.\n• Polkadot was the other major mover in CoinMarketCap’s top 10 tokens by market capitalization, gaining 6.8% to US$9.52 after earlier touching its highest price since early June.\n• Polkadot’s gainscome amid a partnershipwith institutional investment company BitGo, which said it will offer Polkadot in hot wallets to securely access decentralized finance services.\n• U.S. equities ended Wednesday higher on the softer inflation reading. The Dow Jones Industrial Average closed with a 1.6% gain, the S&P 500 index added 2.1% and the Nasdaq Composite Index rose 2.9%.\n• The Consumer Price Index released on Wednesday showed U.S. inflation came in at 8.5% year-on-year in July, or slower than the 9.1% pace recorded in June. The June number was the highest monthly increase in four decades.\n• Concerns about inflation have prompted the Federal Reserve to bump up interest rates this year and more increases are expected when the Fed meets again in September. However, investors see that any indicators that suggest inflation is slowing may ease the pressure for a larger rate rise.\nSee related article:India crypto traders try to dodge fallout from WazirX woes, spat with Binance', "A California man must pay over $61,000 in restitution and received an additional sentence of three years of probation after pleading guilty for his part in a SIM swap scam that targeted at least 40 people and robbed one victim of more than $57,000 in crypto, the U.S. Department of JusticeannouncedWednesday.\nRichard Yuan Li, whom prosecutorshad chargedwith one count of conspiracy to commit felony wire fraud, and co-conspirators stole the crypto from an unnamed New Orleans physician after gaining access to multiple crypto accounts. The victim had accounts with Binance, Bittrex, Coinbase, Gemini and Poloniex, among others. At one point, one conspirator attempted to extort the victim for 100 bitcoin (BTC), said the Justice Department.\nThe 21-year-old Li was sentenced in the U.S. District Court for the Eastern District of Louisiana. Prosecutors said that Li's actions amounted to federal crimes because the SIM swaps transmitted signals across state lines and were therefore subject to the interstate commerce clause of the U.S. Constitution. Li must also perform 100 hours of community service.\nA SIM swap scam involves the fraudulent acquisition of a cellular phone and subsequent directing of a victim's incoming calls and texts to another phone. Scammers are then able to acquire personal financial information, including bank and cryptocurrency accounts, as well as other accounts with two-factor authentication.\nIn their multi-art scheme, which ran for most of 2018, Li and his co-conspirators tricked an Apple (AAPL) representative into sending them an iPhone 8, “arranged for victims’ telephone numbers to be swapped” to that phone, and then bypassed their target’s security measures to gain access to files.\nFrom July 2018 to December 2018, LI participated in unauthorized SIM Swaps that targeted at least 40 telephone numbers, prosecutors said in a statement.\nOn Nov. 10, 2018, the physician's telephone number was swapped to the iPhone 8, which LI kept in his dorm room at a university in California.\nA separate SIM Swap of another individual on Dec. 4, 2018, resulted in that victim losing approximately $4,000 of an undisclosed currency.", "A California man must pay over $61,000 in restitution and received an additional sentence of three years of probation after pleading guilty for his part in a SIM swap scam that targeted at least 40 people and robbed one victim of more than $57,000 in crypto, the U.S. Department of Justice announced Wednesday. Richard Yuan Li, whom prosecutors had charged with one count of conspiracy to commit felony wire fraud, and co-conspirators stole the crypto from an unnamed New Orleans physician after gaining access to multiple crypto accounts. The victim had accounts with Binance, Bittrex, Coinbase, Gemini and Poloniex, among others. At one point, one conspirator attempted to extort the victim for 100 bitcoin (BTC), said the Justice Department. The 21-year-old Li was sentenced in the U.S. District Court for the Eastern District of Louisiana. Prosecutors said that Li's actions amounted to federal crimes because the SIM swaps transmitted signals across state lines and were therefore subject to the interstate commerce clause of the U.S. Constitution. Li must also perform 100 hours of community service. A SIM swap scam involves the fraudulent acquisition of a cellular phone and subsequent directing of a victim's incoming calls and texts to another phone. Scammers are then able to acquire personal financial information, including bank and cryptocurrency accounts, as well as other accounts with two-factor authentication. In their multi-art scheme, which ran for most of 2018, Li and his co-conspirators tricked an Apple (AAPL) representative into sending them an iPhone 8, “arranged for victims’ telephone numbers to be swapped” to that phone, and then bypassed their target’s security measures to gain access to files. From July 2018 to December 2018, LI participated in unauthorized SIM Swaps that targeted at least 40 telephone numbers, prosecutors said in a statement. On Nov. 10, 2018, the physician's telephone number was swapped to the iPhone 8, which LI kept in his dorm room at a university in California. Story continues A separate SIM Swap of another individual on Dec. 4, 2018, resulted in that victim losing approximately $4,000 of an undisclosed currency.", 'Let’s begin by defining the realm of small-cap stocks before we discuss those that appear to be strong, safe investments currently. As their name implies, small-cap stocks have lower market capitalizations than both mid-cap and large-cap stocks. The range of market cap defining the class is typically from $300 million to $2 billion. Large-cap stocks carry a market cap of at least $10 billion. Mid-caps bridge the difference.\nA point to remember is that investing in small-cap stocks is inherently riskier than investing in their mi Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-08-11 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $465,280,241,825 - Hash Rate: 196079851.3702425 - Transaction Count: 287356.0 - Unique Addresses: 725127.0 Social & AI Sentiment: - Fear & Greed Index: 0.41 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Last week the U.S. Securities and Exchange Commission (SEC)charged11 individuals with creating and marketing Forsage, the world’s largest and longest-running smart contract-based pyramid scheme. Alas, Lado Okhotnikov, the ring leader of Forsage and rumored to be based in the Republic of Georgia, remains at large. And while the original Forsage smart contracts are nowhere near as popular as they once were, they continue to welcome new money, SEC be damned. J.P. Koning, a CoinDesk columnist, worked as an equity researcher at a Canadian brokerage firm and a financial writer at a large Canadian bank. He runs the popular Moneyness blog. Worse, Okhotnikov's new smartcontract pyramid, Meta Force, continues to grow. Over $42 million in DAI stablecoinshave been depositedinto Meta Force by unwitting investors since the alleged scam debuted a month ago. Smart contract pyramid schemers like Okhotnikov prey on the weak and vulnerable. What can we do to better fight them? A pyramid scheme is an illegal business model where returns to existing investors are generated from newly recruited investors' money or fees. They are ultimately unsustainable because the supply of new investors is finite. Read more:SEC Slaps Founders, Promoters of Alleged Ponzi Scheme Forsage With Fraud Charges Pyramid schemes have existed for centuries. But pyramid schemers quickly realized the benefits of blockchain technology. MMM Global, a pyramid that tore through Nigeria, India, China and other developing nations through 2014 to 2016, used bitcoin (BTC) for payments. A group of researchers whostudied the pyramidfound that, at its peak, MMM Global was processing $150 million per day. The advantages of bitcoin are clear. While authorities can shut down a pyramid scheme by leaning on its payments processors or bank, the Bitcoin blockchain can't be turned off. The rollout of Ethereum led to the next big innovation in pyramids: the smart contract pyramid scheme. In addition to relying on blockchains for payments, this type of alleged scam built its pyramid apparatus on the Ethereum blockchain using smart contracts. There are advantages to using a smart contract to run a pyramid. The entire back office structure can be automated using code, which makes administration easier for the scammer. It also allows the pyramid to be marketed as an "honest" Ponzi; that is, because it is implemented by code rather than by hand, it can be said to always run correctly. Furthermore, because that code is public, it can – in theory, at least – be audited by users. Smart contract pyramids are safer for the scammer to run than traditional pyramids because they afford a degree of anonymity. And while the authorities can shut down a traditional pyramid by visiting the office out of which it operates, building it on Ethereum makes it much harder to stop. Smart contract pyramids soon became endemic to Ethereum. A2019 studyby a group of Italian researchers cataloged 184 smart contract pyramids in play at the time. Most of these were quite small. It was Lado Okhotnikov's Forsage that broke the mold. Forsage's first Ethereum smart contract, x3/x4, would process almost $240 million in payments in 2020. At one point it was Ethereum's second busiest contract, after tether. Ethereum gas fees would soon rise, forcing alleged pyramid alleged scammers like Okhotnikov to migrate to cheaper blockchains. Over the next few years Okhotnikov launched five other smart contract Ponzis on the Tron and Binance Smart Chain blockchains. Recently, scammers have begun to move back to Ethereum thanks to level 2, or subsidiary blockchain, systems that have lowered costs. In Okhotnikov's case, he has set up his newest pyramid, Meta Force, on the Polygon Network. Thanks to the transparency of blockchains, Sarah Meiklejohn and other researchers carried out a preciseanalysisof Forsage’s payouts and losses, focusing on the $240 million Ethereumx3/x4 contract. Read more: JP Koning -The $10B Stablecoin Industry Has a Fraud Problem It's Not Addressing While the founders boasted that the system was transparent and open source, it took the researchers weeks of effort to understand the code, which meant that almost no Forsage participants could have actually audited the smart contract. So much for transparency. Meiklejohn et al. found that the system had been coded at the outset to benefit only a few people. For instance, participants had to buy slots that offered the right to get payments from new recruits. After recruiting three participants, a slot would be blocked and the recruiter had to pay fees to reopen it and receive payment. The organizers’ slots, however, were coded to be exempt from this rule. The SEC found that Okhotnikov had coded one of his subsequent pyramids,Ethereum xGold, to divert a portion of investor funds to a wallet that was not associated with a Forsage ID. This contradicted Okhotnikov’s representation that all funds were paid out to investors. By 2022, that address had diverted over 1,000 ETH. In the end, Meiklejohn et al. report that 1 million Forsage accounts lost money, a remarkable 88% failure rate. The top 1,000 users made 50% of all profits. Okhotnikov and his fellow cofounders capitalized by positioning themselves at the top of the pyramid. The SEC accuses them of owning the best five spots in the x3/x4 Forsage pyramid, the topmost of which earned 5409 ether (ETH), well over $1 million, according to Meiklejohn et al. Okhotnikov and his colleagues aggressively marketed their scams on social media. Forsage's official YouTube channel, which is now dedicated to the new Meta Force pyramid, currently has over 47,000 subscribers. The most popular Forsage video, which is in Hindi, has been viewed 384,000 times. This is despite YouTube's terms of service having ablanket banon marketing pyramid schemes. In their paper, Meiklejohn and her colleagues traced the location of most of the victims of Forsage to developing nations, in particular Nigeria, Philippines and Venezuela. This reveals these alleged scams for what they are: a way for a few rich people to steal from the poor and vulnerable. They need to be stopped. But how? Because smart contract pyramids are built on censorship-resistant blockchains, they can't be attacked at the root, nor can they be undermined indirectly by removing them from the payments system. Writing on CoinDesk, Lex Sokolin hasproposedthat white hat hackers organize to find vulnerabilities in smart contract pyramids and bring them down. It's a nice idea, but so far white hat hackers haven't shown much interest in chasing after pyramids. The SEC should also consider fighting like with like Perhaps the most effective way to hurt smart contract Ponzis is by attacking their reputation. The SEC's charges will certainly help on this front. Now when a potential victim searches for Okhotnikov or one of his "investment" products, they'll have the opinion of the world's largest securities regulator to rely on. The good news is that the SEC's actions seem to have had an effect. The rate of deposits to Okhotnikov's newest (alleged) scam, Meta Force, which has already attracted $42 million in deposits,began to declinethe day after charges were announced. On YouTube, a nervous Lado Okhotnikovdescribedthe SEC’s charges as slander and defamation. But we needed the SEC to begin its attack long ago. Publishing a cease and desist early on, like securities regulators inMontanaand thePhilippinesdid, would have helped tarnish Okhotnikov's reputation before his alleged scams could hurt more people. Regulators like the SEC should try to harness the transparency of blockchains to their advantage. It's possible to see these things popping up and monitor how big they get, so regulators can very quickly mobilize resources to combat them. The SEC should also consider fighting like with like. Smart contract Ponzi scams spread through garish videos on YouTube. Alas, the SEC didn't post its charges to its YouTube channel. A catchy video about Forsage would go much further than a terse tweet. Finally, influential blockchain personalities like Ethereum co-founder Vitalik Buterin and Binance CEO Changpeng Zhao should step up and speak out against smart contract Ponzis when they crop up. They may not wish to do so, because admitting the problem may attract negative attention to the technology. But addressing these scams as early as possible will not only reduce damage to innocent people, it will also limit damage to the long-term reputation of blockchains.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Contagion from the U.S. Department of the Treasury’s move to sanction privacy protocol, Tornado Cash, continues to spread.\ndYdX, the derivatives trading protocol,saidon Aug. 10 that it has banned certain blockchain addresses as a result of the Tornado sanctionsleviedon Aug. 8. Many of the banned addresses had never directly engaged with Tornado Cash, according to dYdX.\ndYdX released the information roughly two hours after a banned user, egor,posteda screenshot showing that his account had been banned.\ndYdX employs a compliance vendor which flags questionable addresses. The protocol went on to ban the flagged addresses before reinstating certain accounts which were actually in compliance, explained the dYdX team.\nAs of Aug. 11, some users are stillexpressing frustrationabout being banned over a nominal deposit into Tornado Cash three years prior. Many DeFi users would have undoubtedly interacted with the privacy protocol for the$TORN airdrop.\nIn response to the bans, data dashboard L2BEAT has produced analternative interfacewhich allows users to withdraw their assets from dYdX even if they are banned.\ndYdX’s move to ban addresses has further underscored the centralization across the DeFi ecosystem. One of DeFi’s key tenets is that it can be used by anyone, anywhere. With the Treasury sanctioning Tornado Cash, Circlebanning addresses, and now dYdX doing the same, the concept of censorship-resistant smart contracts is being tested.\nSanctioning a protocol is new territory. By design, smart contracts are supposed to be uncensorable, hosted on the blockchain with transactions processed by a decentralized network of nodes. With the contracts out of anyone’s control, the onus falls on those interacting with those contracts or interacting with entities interacting with those contracts, to fall under compliance.\nNo doubt this is a messy task.\ndYdX hasn’t claimed to be fully decentralized — the protocolreleased plansin January to do so by the end of this year. dYdX founderAntonio Julianosaid onAug. 8that the protocol would have to block certain addresses to comply with US authorities.\ndYdX did not immediately respond to The Defiant’s request for comment about whether the protocol will need to comply with sanctions such as the Treasury’s if plans to fully decentralize are successful.\nCompliance with the Tornado sanctions isn’t straightforward. “As a smart contract-based mixer, sanctioning Tornado Cash isn’t as simple as sanctioning a centralized service like Blender.io or Hydra Market, as it can’t simply be shut down,” says areportby Chainalysis, a company which provides blockchain monitoring and analysis services.\nBlender.io is a Bitcoin mixing service which was sanctioned by the U.S. Treasuryin May.\nHydra Market was a Russian marketplace and crypto mixing service that the U.S. and German governments shut down as part of a joint operation in April. Unlike Tornado Cash, Hydra Market could simply be shut down through the seizure of its servers.\nAs dYdX, Centre, and others struggle to comply with U.S. authorities’ sudden move, how crypto participants adapt is likely to have lasting effects on an industry which has prided itself on its inability to be controlled by centralized entities like governments.', 'Contagion from the U.S. Department of the Treasury\x92s move to sanction privacy protocol, Tornado Cash, continues to spread. dYdX, the derivatives trading protocol, said on Aug. 10 that it has banned certain blockchain addresses as a result of the Tornado sanctions levied on Aug. 8. Many of the banned addresses had never directly engaged with Tornado Cash, according to dYdX. dYdX released the information roughly two hours after a banned user, egor, posted a screenshot showing that his account had been banned. Outsourced Compliance dYdX employs a compliance vendor which flags questionable addresses. The protocol went on to ban the flagged addresses before reinstating certain accounts which were actually in compliance, explained the dYdX team. An unbanned user in the dYdX Discord As of Aug. 11, some users are still expressing frustration about being banned over a nominal deposit into Tornado Cash three years prior. Many DeFi users would have undoubtedly interacted with the privacy protocol for the $TORN airdrop . In response to the bans, data dashboard L2BEAT has produced an alternative interface which allows users to withdraw their assets from dYdX even if they are banned. Centralization In DeFi dYdX\x92s move to ban addresses has further underscored the centralization across the DeFi ecosystem. One of DeFi\x92s key tenets is that it can be used by anyone, anywhere. With the Treasury sanctioning Tornado Cash, Circle banning addresses , and now dYdX doing the same, the concept of censorship-resistant smart contracts is being tested. Sanctioning a protocol is new territory. By design, smart contracts are supposed to be uncensorable, hosted on the blockchain with transactions processed by a decentralized network of nodes. With the contracts out of anyone\x92s control, the onus falls on those interacting with those contracts or interacting with entities interacting with those contracts, to fall under compliance. No doubt this is a messy task. dYdX hasn\x92t claimed to be fully decentralized \x97 the protocol released plans in January to do so by the end of this year. dYdX founder Antonio Juliano said on Aug. 8 that the protocol would have to block certain addresses to comply with US authorities. Story continues dYdX did not immediately respond to The Defiant\x92s request for comment about whether the protocol will need to comply with sanctions such as the Treasury\x92s if plans to fully decentralize are successful. Compliance Nightmare Compliance with the Tornado sanctions isn\x92t straightforward. \x93As a smart contract-based mixer, sanctioning Tornado Cash isn\x92t as simple as sanctioning a centralized service like Blender.io or Hydra Market, as it can\x92t simply be shut down,\x94 says a report by Chainalysis, a company which provides blockchain monitoring and analysis services. Blender.io is a Bitcoin mixing service which was sanctioned by the U.S. Treasury in May . Hydra Market was a Russian marketplace and crypto mixing service that the U.S. and German governments shut down as part of a joint operation in April. Unlike Tornado Cash, Hydra Market could simply be shut down through the seizure of its servers. As dYdX, Centre, and others struggle to comply with U.S. authorities\x92 sudden move, how crypto participants adapt is likely to have lasting effects on an industry which has prided itself on its inability to be controlled by centralized entities like governments.', 'Good morning. Here’s what’s happening: Prices: Bitcoin spends most of Thursday above $24K before declining; ether jumps even higher. Insights: SOL gains ground despite a scheme that juiced the value of Saber and the Solana blockchain. Prices ● Bitcoin ( BTC ): $23,781 −1.0% ● Ether ( ETH ): $1,860 +0.3% ● S&P 500 daily close: 4,207.27 −0.1% ● Gold: $1,804 per troy ounce +0.5% ● Ten-year Treasury yield daily close: 2.89% +0.1 Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found at coindesk.com/indices. Ether\'s Fine Day By James Rubin Bitcoin climbed most of Thursday. Ether climbed faster. The second-largest cryptocurrency by market capitalization continued a two-month surge to crack $1,900 for the first time since late May. Ether was recently trading at about $1,850, about flat over the previous 24 hours as investors continued an early celebration of the Merge, which will shift the Ethereum protocol from a proof-of-work to less energy-sapping, more environmentally friendly proof-of-stake protocol. The token price has jumped more than 85% since dipping below $1,000 in mid-June. On Wednesday, developers completed the third and final test environment network (testnet) merge. The mainnet Merge is expected to occur sometime at the end of September. "I\'m bullish on Ethereum," Dan Weiskopf, portfolio manager for Amplify ETFs, told CoinDesk TV\'s "First Mover" program. Bitcoin Bitcoin, the largest crypto by market cap, was recently trading at roughly $23,800, down slightly from the previous day but still near the upper end of the roughly $19,000 to $24,000 range its occupied since June. Crypto investors have responded favorably to the latest economic indicators suggesting that the worst of inflation is behind us and the global economy may not plummet into a steep recession. Story continues "People are excited about taking on risk again because it seems as if inflation is under control," Weiskopf said. "We\'ll see if that actually proves out. That bitcoin bottomed and now we\'re at $24,000, a lot of people are excited about that." Equities Crypto prices veered from major stock indexes, which were flat a day after gaining enough ground for the tech-heavy Nasdaq to re-enter bullish territory. The Nasdaq, which is still down 18% for the year, fell 0.6%, while the S&P 500, declined 0.1% as investors seemed to discount the latest evidence of waning inflation, a drop in the Producer Price Index (PPI). The 0.5% drop was the first negative turn since April 2020. Crypto news The crypto industry\'s latest indignities included a report that India regulators were investigating at least 10 crypto exchanges for allegedly assisting foreign firms launder money via crypto. Separately, Canadian bitcoin miner Hut 8 (HUT) posted a C$88.1 million (US$69 million) loss for the second quarter, compared with a loss of C$4 million in the same quarter a year ago and withdrew its revenue estimate for next year that it had made in its first-quarter earnings report, saying it was reorganizing parts of its business. And Coinbase, which has suffered its share of knocks this week i Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-08-12 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $459,038,280,450 - Hash Rate: 215687836.5072668 - Transaction Count: 273661.0 - Unique Addresses: 703328.0 Social & AI Sentiment: - Fear & Greed Index: 0.42 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: SAO PAULO, July 25 (Reuters) - Mexican cryptocurrency exchange Bitso has hit the one million users mark in Brazil about a year after it launched in the country, according to the company's Brazil chief. "We beat 1 million users in Brazil earlier than expected, and our transaction volumes grew by 66% in June from May," Thales Freitas told Reuters in an interview. He did not provide detailed figures, but said that July readings have already exceeded the previous month despite the recent downturn seen across most major crypto currencies. Founded in 2014 and headquartered in Mexico, Bitso raised $250 million in a funding round in May 2021, which valued the platform at $2.2 billion ahead of its debut in Brazil. Freitas, a former executive at Citi and HSBC, took over in Bitso's second largest market, Brazil, three months ago with the mission of leading the company through an increasingly adverse scenario of intense asset volatility and higher interest rates. To overcome these hurdles, Bitso has boosted its incentive program, offering returns of up to 15% per year in stablecoins, digital currencies pegged to traditional assets such as the U.S. dollar. "Brazilian investors love fixed income, and stablecoins are a good way to diversify," Freitas said. Bitso is currently awaiting central bank approval of its application for a payment institution license in Brazil, where it currently operates in partnership with lenders Banco Genial and Starkbank. The so-called "crypto winter" has led some foreign companies to collapse in the wake of a sharp devaluation of digital currencies. Nonetheless, Bitso now faces fresh competition on its home turf after SoftBank-backed Brazilian crypto exchange Mercado Bitcoin announced last week it was planning on entering the Mexican market (Reporting by Aluisio Alves; Writing by Gabriel Araujo, Editing by Isabel Woodford and Nick Zieminski)... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Miami, Florida--(Newsfile Corp. - August 13, 2022) - NFT Builds announces that it will solely accept crypto as a form of payment. As a business owner, customers rely on flexibility when it comes to accepting different forms of payments. This includes new forms of payment and money transfer worldwide, such as cryptocurrency.\nNFT Builds\nTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8203/132680_3182ac98b47f59e2_001full.jpg\nMajor companies accept it, but so do other smaller businesses such as restaurants and coffee shops. One company focused on helping businesses with this transition is NFT Builds Inc.\nThe CEO and founder, Tyler Mercier, recently said, "Our mission at NFT Builds is to bridge Web 2 companies into Web 3 by offering the services needed to start accepting cryptocurrency as a form of payment."\nNFT Builds creates partnerships with creators who are looking to make their Web 3 vision a reality. Though the company is a full-scale marketing firm offering services ranging from development, community building, social media PR, art design and project advertising, the company specializes in cryptocurrency projects.\nMercier and his team of experts understand that the industry is built on showing face, building trust, and having transparency.\n"We have spent millions of dollars marketing in the web 3 space to build out our connections and resources. Every project has a particular niche that needs to be targeted, and that is why my team creates full custom gameplans for the projects we partner with. We have one of the strongest community building teams in this space because our team is a group of trained professionals coming directly from other leading web 3 communities," explained Mercier.\nHe also shared that the one thing that differentiates NFT Builds from other agencies is that there is no middle man - all communications and work are completed in-house.\nIn an announcement made on July 31st, NFT Builds announced that it now accepts payments in Bitcoin, Ethereum, Litecoin, XRP, and USDC. Stay on the lookout for this company as it keeps innovating in the blockchain sector.\nMedia Contact Details:\nNFT Builds Inc.+1 603-508-7575https://www.nftbuilds.iohttps://www.instagram.com/nftbuilds\nTo view the source version of this press release, please visithttps://www.newsfilecorp.com/release/132680', 'Miami, Florida--(Newsfile Corp. - August 13, 2022) - NFT Builds announces that it will solely accept crypto as a form of payment. As a business owner, customers rely on flexibility when it comes to accepting different forms of payments. This includes new forms of payment and money transfer worldwide, such as cryptocurrency. NFT Builds To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/8203/132680_3182ac98b47f59e2_001full.jpg Major companies accept it, but so do other smaller businesses such as restaurants and coffee shops. One company focused on helping businesses with this transition is NFT Builds Inc. The CEO and founder, Tyler Mercier, recently said, "Our mission at NFT Builds is to bridge Web 2 companies into Web 3 by offering the services needed to start accepting cryptocurrency as a form of payment." NFT Builds creates partnerships with creators who are looking to make their Web 3 vision a reality. Though the company is a full-scale marketing firm offering services ranging from development, community building, social media PR, art design and project advertising, the company specializes in cryptocurrency projects. Mercier and his team of experts understand that the industry is built on showing face, building trust, and having transparency. "We have spent millions of dollars marketing in the web 3 space to build out our connections and resources. Every project has a particular niche that needs to be targeted, and that is why my team creates full custom gameplans for the projects we partner with. We have one of the strongest community building teams in this space because our team is a group of trained professionals coming directly from other leading web 3 communities," explained Mercier. He also shared that the one thing that differentiates NFT Builds from other agencies is that there is no middle man - all communications and work are completed in-house. In an announcement made on July 31st, NFT Builds announced that it now accepts payments in Bitcoin, Ethereum, Litecoin, XRP, and USDC. Stay on the lookout for this company as it keeps innovating in the blockchain sector. Story continues Media Contact Details: NFT Builds Inc. +1 603-508-7575 https://www.nftbuilds.io https://www.instagram.com/nftbuilds To view the source version of this press release, please visit https://www.newsfilecorp.com/release/132680', "After several years of glorious appreciation, cryptocurrencies are having a major pullback. Bitcoin, for instance, is down 50% year to date. While many coins look like they are on sale, legendary investor Jim Rogers warns that there is one danger associated with owning crypto assets – the government. “If and when all our money is on our computer, it’s going to be government money,” he said in a recent interview with Bloomberg Crypto. “That’s not the way bureaucrats think. That’s not the way politicians think. They want control. They want to regulate everything.” So where should investors look if they want safer alternatives in this turbulent time? In June, Rogers told ET Now that “there is no such thing as safe” in the world of investments. Still, the multimillionaire points to two assets that could help you withstand the uncertainty ahead – they also happen to be solid hedges against rampant inflation . Don’t miss Mitt Romney says a billionaire tax will trigger demand for these two physical assets — get in now before the super-rich swarm You could be the landlord of Walmart, Whole Foods and Kroger (and collect fat grocery store-anchored income on a quarterly basis) Warren Buffett likes these 2 investment opportunities outside of the stock market Silver Precious metals are a go-to choice for investors in dark times, and Rogers is a long-time advocate. “Silver is probably less dangerous than other things. Gold is probably less dangerous,” he told ET Now. Gold and silver can’t be printed out of thin air like fiat money, so they can help investors preserve wealth in inflationary periods. At the same time, their prices tend to stay resilient in times of crisis . But that doesn’t mean they are crash-proof. “I'm not buying them now, because in a big collapse, everything goes down. But I probably will buy more silver when it goes down some more.” Silver is widely used in the production of solar panels and is a critical component in many vehicles’ electrical control units. Rising industrial demand, in addition to its usefulness as a hedge, makes silver in particular a compelling asset for investors. Story continues You can buy silver coins and bars directly at your local bullion shop. You can also invest in silver ETFs like the iShares Silver Trust (SLV). Meanwhile, silver miners such as Wheaton Precious Metals (WPM), Pan American Silver (PAAS) and Coeur Mining (CDE) are also solidly positioned for a silver price boom. Agriculture You don’t need an MBA to see the appeal of agriculture in a bear market: No matter how big the next crash is, no one is crossing “food” out of their budget. Rogers sees agriculture as a potential refuge in the upcoming collapse. “Silver and agriculture are probably the least dangerous things in the next two or three years,” he says. For a convenient way to get broad exposure to the agriculture sector, check out the Invesco DB Agriculture Fund (DBA). It tracks an index made up of futures contracts on some of the most widely traded agricultural commodities — including corn, soybeans and sugar. You can also use ETFs to tap into individual agricultural commodities. The Teucrium Wheat Fund (WEAT) and the Teucrium Corn Fund (CORN) have gained 13% and 19%, respectively, in 2022. Rogers also likes the idea of investing in farmland itself. “Unless we’re going to stop wearing clothes and eating food, agriculture is going to get better. If you really, really love it, go out there and get yourself a farm and you’ll get very, very, very rich,” he told financial advisory firm Wealthion late last year. Some real estate investment trusts specialize in owning farmland, such as Gladstone Land (LAND) and Farmland Partners (FPI). Meanwhile, new investing services allow you to invest in farmland by taking a stake in a farm of your choice. You’ll earn cash income from the leasing fees and crop sales — and any long-term appreciation on top of that. What to read next Sign up for our MoneyWise investing newsletter to receive a steady flow of actionable ideas from Wall Street's top firms. If your retirement plans have been thrown off by inflation, here's a stress-free way to get back on track ‘There’s always a bull market somewhere’: Jim Cramer’s famous words suggest you can make money no matter what. Here are 2 powerful tailwinds to take advantage of today This article provides information only and should not be construed as advice. It is provided without warranty of any kind.", "After several years of glorious appreciation, cryptocurrencies are having a major pullback. Bitcoin, for instance, is down 50% year to date.\nWhile many coins look like they are on sale, legendary investor Jim Rogers warns that there is one danger associated with owning crypto assets – the government.\n“If and when all our money is on our computer, it’s going to be government money,” he said in a recent interview with Bloomberg Crypto. “That’s not the way bureaucrats think. That’s not the way politicians think. They want control. They want to regulate everything.”\nSo where should investors look if they want safer alternatives in this turbulent time?\nIn June, Rogers told ET Now that “there is no such thing as safe” in the world of investment Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-08-13 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $467,649,494,725 - Hash Rate: 194679281.00331223 - Transaction Count: 233308.0 - Unique Addresses: 613804.0 Social & AI Sentiment: - Fear & Greed Index: 0.46 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Key Insights: After a mixed start to the week, buying momentum gathered pace on Tuesday, with Dogecoin (DOGE) leading the top ten crypto majors. Solana (SOL) extended its winning streak to five days, its best run since March. The total market cap rose by $8.8 billion, another relatively modest rise. For June, the total market cap remains down by $405 billion. It was another choppy session for the crypto market on Tuesday. Bitcoin ( BTC ) took a run at $22,000 before easing back. The pullback saw bitcoin end the day at $20,699. A sharp pickup in risk appetite across the global financial markets delivered support to the crypto market. With the US markets reopened after Monday’s holiday, the NASDAQ 100 rallied by 2.51%. While weaker than in previous weeks, a correlation between bitcoin and the NASDAQ was evident, with a late decline in the NASDAQ pulling back the broader crypto market. An upward swing in crude oil prices tested support for the NASDAQ and the crypto majors late in the session. Market angst over inflation and central bank policies to bring inflation back to target raises the threat of a global economic recession. NASDAQ BTC WTI 220622 Daily Chart Despite this week’s uptrend, headwinds persist, which leaves the crypto market at risk of a reversal. Today, Fed Chair Powell testimony on Capitol Hill will draw plenty of interest and will remind the markets of what lies ahead on the policy and economy front. Crypto Market Cap Up for Again but Deep in the Red for June Another mixed crypto session led to a modest increase in the total crypto market cap. On Tuesday, the total market cap increased by $8.8 billion, following a $4.4 billion rise on Monday. The upswing was small compared with Sunday’s $62.6 billion jump, leaving the market cap down $405 billion for June. Total Market Cap 220622 Daily Chart Poignantly, the crypto market avoided a new June low for a third consecutive day. However, downside risks remain, with central bank monetary policy, the threat of a recession, and a likely shift in the regulatory landscape the key considerations near term. Story continues Looking at the top ten, ADA (-2.04%) and ETH (-0.18%) gave up early gains to end the day in the red. However, it was a bullish session for the remainder, with DOGE rallying by 9.50% to lead the way. BNB (+1.66%), BTC (+0.71%), SOL (+3.30%), and XRP (+1.44%) also found support. From the CoinMarketCap top 100, Shiba Inu ( SHIB ) and Waves ( WAVES ) led the way, surging by 31.20% and 43.04%, respectively. On the stablecoin front, USDD movements were market positive. While TRON DAO Reserve failed to restore the peg, USDD returned to $0.97, easing market fear of another stablecoin collapse. USDD 7-Day Chart 220622 The return to $0.97 levels delivered TRON ( TRX ) support, with TRX ending the day up 6.18%. TRON DAO Reserve collateral figures continued to ease concerns of a USDD collapse. At the time of writing, the collateral ratio stood at 326.35%. USDD Collateral Ratio 220622 Total Crypto Liquidations Eased Back Following Fed Policy Decision The downward trend in total crypto liquidations continued on Tuesday. After hitting $1 billion last Tuesday, 24-hour liquidations fell from $315 million on Monday to $199.82 million on Tuesday. This morning, 24-hour liquidations stood at $170.27 million, a second consecutive morning at sub-$200 million. One-hour liquidations reflected improving market conditions. According to Coinglass , one-hour liquidations stood at $1.91 million. A decline in 24-hour total liquidations to sub-$100 million would deliver crypto market support. Crypto Daily News Highlights Elon Musk reassurances of support for DOGE delivered a meme coin breakout. Axie Infinity ( AXS ) became the most searched NFT in 112 countries, outmuscling Decentaland ( MANA ). Crypto Casino Stake.com sponsored English Premier League side Everton Football Club. DeFi Pulse Index jumped 13%, driven by a token rebound. Uniswap ( UNI ) broke out on news of the NFT marketplace launch. This article was originally posted on FX Empire More From FXEMPIRE: Climate laws face new EU Parliament vote after failed first try French bank Credit Agricole targets higher growth and more customers by 2025 SoftBank overseas business chief exits in latest churn Tennis-Serena ‘absolutely’ had doubts about competing again Indonesia president to push for peace with Ukraine, Russia visits -minister EU seeks to heal, bring back nature with landmark law... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Jersey and Guernsey are both stepping up their attempts to attract crypto investors with their favorable tax laws. Getty Images UK tax haven islands Jersey and Guernsey are stepping up their efforts to attract crypto and blockchain investors. They\'re competing with territories like Bermuda and the Cayman Islands by offering favorable tax regulations. Crypto prices have plummeted this year and investors are pickier about where they put their money. As the financial world appears to have fallen out of love with bitcoin, the Channel Islands - a string of small British overseas territories - are quietly offering crypto investors incentives to move their money from more traditional tax havens. Jersey and Guernsey - located off the French coast - are attracting crypto, blockchain, and other fintech firms thanks to their favorable tax laws. Neither island has capital gains or inheritance tax, making them attractive locations for investment firms. And even before crypto entered the mainstream, both islands had started competing for the booming asset class. One Jersey fintech specialist told Insider that he first noticed clients discussing bitcoin and crypto back in 2011. Jersey has attracted firms including CoinShares, which manages assets worth around $3 billion. The Swiss-based group used Jersey to establish its crypto-backed Physical Bitcoin exchange-traded product in January 2021. Meanwhile, Guernsey Finance\'s chief executive made a recent trip to Miami, which has established itself as one of the US\'s best-known crypto hubs . It\'s part of an effort to lure western crypto investors to the island and away from rival tax havens like the Cayman Islands, according to Barney Lewis, a Guernsey-based fund business manager at ZEDRA. "We\'re competing directly against Cayman, and we\'re seeing the migration of US funds out of there," he told Insider. "Brazilian and South American investors have fallen out of love with Cayman, and are moving capital to Guernsey." The Channel Islands\' push to lure crypto investors has coincided with a widespread retreat from digital assets over the last nine or 10 months. Story continues Bitcoin has plunged 49.7% to just under $24,000 so far in 2022, while fellow large-cap token ethereum has slid 49.8% to below $1,900 - a far cry from their respective all-time highs of $69,000 and $4,867 less than a year ago. Stocks have also plummeted in 2022, meaning that traditional investors are starting to doubt crypto\'s effectiveness as a potential portfolio diversifier, particularly as consumer inflation has rampaged to multi-year highs around the world. "Six months ago, you\'d see portfolios with traditional equity, fixed income, and then maybe 2.5 to 5% crypto as an inflation hedge," Lewis said. "But it looks like a terrible inflation hedge now." Longtime digital asset bulls tend to shrug off these sell-offs, arguing that a "crypto winter" can benefit the space by stress testing key infrastructure, consolidating major firms, and encouraging greater efficiency. That maturation of the space could increase investors\' appetite for low-tax jurisdictions like Jersey and Guernsey, experts said. "In a crypto winter we could see consolidation of crypto projects," a manager at a Jersey-based law firm told Insider. "That would lead to a much more diversified investment opportunity in the crypto, blockchain, and DLT space." And there\'s some optimism in the Channel Islands that a proactive approach to luring investors now will put Jersey and Guernsey in an ideal position to profit from a comeback in cryptocurrencies. "I don\'t feel like we\'ve at all missed the boat," ZEDRA\'s Lewis told Insider. "Yes, crypto and digital assets adoption has been slow in the funds space, but we have to hope we\'re well-placed for the next cycle." Read more: Puerto Rico\'s generous tax breaks and stunning beaches are attracting an influx of crypto entrepreneurs Read the original article on Business Insider', 'Jersey and Guernsey are both stepping up their attempts to attract crypto investors with their favorable tax laws. Getty Images UK tax haven islands Jersey and Guernsey are stepping up their efforts to attract crypto and blockchain investors. They\'re competing with territories like Bermuda and the Cayman Islands by offering favorable tax regulations. Crypto prices have plummeted this year and investors are pickier about where they put their money. As the financial world appears to have fallen out of love with bitcoin, the Channel Islands - a string of small British overseas territories - are quietly offering crypto investors incentives to move their money from more traditional tax havens. Jersey and Guernsey - located off the French coast - are attracting crypto, blockchain, and other fintech firms thanks to their favorable tax laws. Neither island has capital gains or inheritance tax, making them attractive locations for investment firms. And even before crypto entered the mainstream, both islands had started competing for the booming asset class. One Jersey fintech specialist told Insider that he first noticed clients discussing bitcoin and crypto back in 2011. Jersey has attracted firms including CoinShares, which manages assets worth around $3 billion. The Swiss-based group used Jersey to establish its crypto-backed Physical Bitcoin exchange-traded product in January 2021. Meanwhile, Guernsey Finance\'s chief executive made a recent trip to Miami, which has established itself as one of the US\'s best-known crypto hubs . It\'s part of an effort to lure western crypto investors to the island and away from rival tax havens like the Cayman Islands, according to Barney Lewis, a Guernsey-based fund business manager at ZEDRA. "We\'re competing directly against Cayman, and we\'re seeing the migration of US funds out of there," he told Insider. "Brazilian and South American investors have fallen out of love with Cayman, and are moving capital to Guernsey." The Channel Islands\' push to lure crypto investors has coincided with a widespread retreat from digital assets over the last nine or 10 months. Story continues Bitcoin has plunged 49.7% to just under $24,000 so far in 2022, while fellow large-cap token ethereum has slid 49.8% to below $1,900 - a far cry from their respective all-time highs of $69,000 and $4,867 less than a year ago. Stocks have also plummeted in 2022, meaning that traditional investors are starting to doubt crypto\'s effectiveness as a potential portfolio diversifier, particularly as consumer inflation has rampaged to multi-year highs around the world. "Six months ago, you\'d see portfolios with traditional equity, fixed income, and then maybe 2.5 to 5% crypto as an inflation hedge," Lewis said. "But it looks like a terrible inflation hedge now." Longtime digital asset bulls tend to shrug off these sell-offs, arguing that a "crypto winter" can benefit the space by stress testing key infrastructure, consolidating major firms, and encouraging greater efficiency. That maturation of the space could increase investors\' appetite for low-tax jurisdictions like Jersey and Guernsey, experts said. "In a crypto winter we could see consolidation of crypto projects," a manager at a Jersey-based law firm told Insider. "That would lead to a much more diversified investment opportunity in the crypto, blockchain, and DLT space." And there\'s some optimism in the Channel Islands that a proactive approach to luring investors now will put Jersey and Guernsey in an ideal position to profit from a comeback in cryptocurrencies. "I don\'t feel like we\'ve at all missed the boat," ZEDRA\'s Lewis told Insider. "Yes, crypto and digital assets adoption has been slow in the funds space, but we have to hope we\'re well-placed for the next cycle." Read more: Puerto Rico\'s generous tax breaks and stunning beaches are attracting an influx of crypto entrepreneurs Read the original article on Business Insider', 'Recent U.S. sanctions against cryptocurrency mixer Tornado Cash have sparked a debate within the crypto community on whether the ban compromises users’ ability to operate anonymously. Earlier this week, the Treasury Department imposed sanctions against Tornado Cash for helping hackers launder over $7 billion worth of virtual currency. The agency said the mixer service allowed cyber criminal groups, including North Korean-backed hackers, to use its platform to launder the proceeds of cyber crimes. The Treasury’s decision has the crypto community split — proponents of the service argue that the sanctions violate their right to privacy, while critics say the ban is\xa0a way to discourage criminals from using the platform to hide and launder illicit funds. “In an effort to punish hackers and cybercriminals, Treasury just made a clumsy attempt to sanction Tornado Cash, an open source protocol,” wrote\xa0Lia Holland , the campaigns and communications director at Fight for the Future, a digital rights advocacy group. Cryptocurrency mixers like Tornado Cash have become popular in recent years as crypto investors turned to the service to make their transactions anonymous and harder to trace by mixing their funds with others on the blockchain. Holland explained that regular transactions recorded on the blockchain are permanent, public and easily traceable, which made investors turn to mixers for better privacy. “Anonymity is not a crime, and there are many legitimate reasons to seek anonymity in financial transactions,” Holland said. For instance, she said using mixers could protect the identity of activists in authoritarian countries where exposing their financial information could get them imprisoned or executed. Holland added that the Treasury should focus on pursuing cyber criminals instead of sanctioning the tool they use to launder illicit proceeds. “This is a rough equivalent to sanctioning the email protocol in the early days of the internet, with the justification that email is often used to facilitate phishing attacks,” she Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-08-14 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $468,949,269,375 - Hash Rate: 186275858.8017304 - Transaction Count: 205350.0 - Unique Addresses: 551189.0 Social & AI Sentiment: - Fear & Greed Index: 0.47 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: By Scott Kanowsky Investing.com -- Bitcoin fell on Tuesday, in the wake of a move by Estonia-based cryptocurrency exchange CoinLoan to limit withdrawals, as the impact of the collapse in digital assets spreads. In a blog post on Monday, CoinLoan aimed to reassure customers that it had no exposure to a string of recent collapses in the crypto industry, including the failure of hedge fund Three Arrows Capital and a slump in the value of stablecoin terraUSD. But the company said the turmoil has still caused an increase in withdrawals from its platform, leading it to reduce the amount users can take out of their accounts. CoinLoan called it a "pre-emptive step" designed to ensure the firm can continue to operate in the future. "Please rest assured that your assets are safe," CoinLoan said. "We understand how to handle difficulties, and we are also well-equipped to prevent them." Users on the platform can now withdraw a total daily maximum of $5,000 from their accounts. CoinLoan added that the decision is temporary, and the limit will be removed once "the market situation allows it." CoinLoan's decision follows a move earlier this week from Singaporean crypto lending platform Vauld to halt withdrawals, deposits and trading. Vauld said the decision was based on a number of factors, including "volatile" market conditions, which subsequently led customers to pull out more than $197.7M from the platform since June 12. The announcements from CoinLoan and Vauld come amid a sharp fall in the price of Bitcoin. The digital token has tumbled by more than 70% from its record high, as investors edge away from safe-haven assets due to concerns about a possible slowdown in global growth. This fall has helped drag other cryptocurrencies lower. As of 08:36 EST (1236 GMT) on Tuesday, Bitcoin was trading down 1.72% at $19,364.00. Related Articles Bitcoin Falls Amid Further Signs of Crypto Industry Turmoil Crypto Exchange CoinLoan Enforces 100x Lowered Withdrawal Limit CoinShares acquires French crypto asset manager Napoleon AM... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin flirted with US$25,000 over the weekend while Ethereum broke through the US$2,000 barrier before both lost steam in early trading in Asia on Monday. Leading “memecoin” tokens Dogecoin (DOGE) and Shiba Inu token (SHIB) jumped, with DOGE re-entering the crypto top 10 by market cap.\nSee related article:Markets: Bitcoin dips, Ether little changed; Huobi Token surges amid stake sale speculation\n• Bitcoin was trading at US$24,315 at 8 a.m. in Hong Kong, down 0.5% in the prior 24 hours. Ethereum fell 2.3% to change hands at US$1,936, according todata from CoinMarketCap.\n• Bitcoin had touched US$24,974 on Friday, its highest since early June and looked set to crack the $25,000 mark, before the buying faded. Ethereum showed more initial momentum, reaching US$2,022 in early morning trading Monday before slipping back.\n• Ethereum is still up 14% on the week and has reached highs last seen in late May as the world’s second-largest cryptocurrency rallies ahead of the upcoming network “Merge.”\n• Cardano fell 5% after earlier rallying 7% to a two-month high of US$0.59.\n• DOGE rose 12% to US$0.08, the highest since early June. SHIB surged 38% to hit US$$0.00001774 — its highest since early May — before retreating 4%.\n• SHIB recently overtook DOGE in the number of Twitter followers it has with over 3.4 million — an important metric for a token that is heavily dependent on the popularity of its “meme” to drive price movement.\nSee related article:BlackRock backflips on Bitcoin as latest institution to see promise in crypto\n(Corrects to show DOGE rose 12% to US$0.08.)', 'Bitcoin flirted with US$25,000 over the weekend while Ethereum broke through the US$2,000 barrier before both lost steam in early trading in Asia on Monday. Leading “memecoin” tokens Dogecoin (DOGE) and Shiba Inu token (SHIB) jumped, with DOGE re-entering the crypto top 10 by market cap. See related article: Markets: Bitcoin dips, Ether little changed; Huobi Token surges amid stake sale speculation Fast facts Bitcoin was trading at US$24,315 at 8 a.m. in Hong Kong, down 0.5% in the prior 24 hours. Ethereum fell 2.3% to change hands at US$1,936, according to data from CoinMarketCap. Bitcoin had touched US$24,974 on Friday, its highest since early June and looked set to crack the $25,000 mark, before the buying faded. Ethereum showed more initial momentum, reaching US$2,022 in early morning trading Monday before slipping back. Ethereum is still up 14% on the week and has reached highs last seen in late May as the world’s second-largest cryptocurrency rallies ahead of the upcoming network “Merge.” Cardano fell 5% after earlier rallying 7% to a two-month high of US$0.59. DOGE rose 12% to US$0.08, the highest since early June. SHIB surged 38% to hit US$$0.00001774 — its highest since early May — before retreating 4%. SHIB recently overtook DOGE in the number of Twitter followers it has with over 3.4 million — an important metric for a token that is heavily dependent on the popularity of its “meme” to drive price movement. See related article: BlackRock backflips on Bitcoin as latest institution to see promise in crypto (Corrects to show DOGE rose 12% to US$0.08.)', 'Bitcoin flirted with US$25,000 over the weekend while Ethereum broke through the US$2,000 barrier before both lost steam in early trading in Asia on Monday. Leading “memecoin” tokens Dogecoin (DOGE) and Shiba Inu token (SHIB) jumped, with DOGE re-entering the crypto top 10 by market cap.\nSee related article:Markets: Bitcoin dips, Ether little changed; Huobi Token surges amid stake sale speculation\n• Bitcoin was trading at US$24,315 at 8 a.m. in Hong Kong, down 0.5% in the prior 24 hours. Ethereum fell 2.3% to change hands at US$1,936, according todata from CoinMarketCap.\n• Bitcoin had touched US$24,974 on Friday, its highest since early June and looked set to crack the $25,000 mark, before the buying faded. Ethereum showed more initial momentum, reaching US$2,022 in early morning trading Monday before slipping back.\n• Ethereum is still up 14% on the week and has reached highs last seen in late May as the world’s second-largest cryptocurrency rallies ahead of the upcoming network “Merge.”\n• Cardano fell 5% after earlier rallying 7% to a two-month high of US$0.59.\n• DOGE rose 12% to US$0.08, the highest since early June. SHIB surged 38% to hit US$$0.00001774 — its highest since early May — before retreating 4%.\n• SHIB recently overtook DOGE in the number of Twitter followers it has with over 3.4 million — an important metric for a token that is heavily dependent on the popularity of its “meme” to drive price movement.\nSee related article:BlackRock backflips on Bitcoin as latest institution to see promise in crypto\n(Corrects to show DOGE rose 12% to US$0.08.)', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin tested $25K before dropping in weekend trading; ether falls on Sunday.\nInsights: South Korea play-to-earn ban remains a fixture for now.\nCatch the latest episodes ofCoinDesk TVfor insightful interviews with crypto industry leaders and analysis. Andsign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context.\n●Bitcoin (BTC): $24,404−0.5%\n●Ether (ETH): $1,958−1.6%\n●S&P 500 daily close: 4,280.15+1.7%\n●Gold: $1,816 per troy ounce+0.9%\n●Ten-year Treasury yield daily close: 2.85%−0.04\nBitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found atcoindesk.com/indices.\nBitcoin Tests $25K Again; Ether Declines\nBy James Rubin\nBitcoin pushed bravely closer to $25,000 for the third time in four days before retreating nearer more familiar ground.\nThe largest cryptocurrency by market capitalization was recently trading at about $24,400, roughly flat over the past 24 hours and slightly lower than where it started the weekend, although investors remained cautiously optimistic about recent economic indicators showing inflation waning and a lower likelihood of recession. Bitcoin has climbed the past three weeks to change hands toward the upper end of a $20,000 to $24,000 range.\n"BTC\'s resilience above $20,000 did see bulls pushing for more upside, especially after a successful retest of that range," Joe DiPasquale, CEO of crypto fund manager BitBull Capital, wrote CoinDesk. "However, we are yet to witness the breakout above $25,000, which could see BTC moving quickly toward the $29,000-$30,000 range."\nEther was recently down about 1.6% over the previous day to trade at about $1,950. The second-largest crypto by market cap behind bitcoin has been lately gaining ground at an even faster pace than bitcoin and topped $2,000 for a second consecutive day on Saturday before declining. Ether\'s surge has come as the hotly anticipated Merge, whichwill transformthe Ethereum protocol from proof-of-work to a faster, less energy-sapping model looms closer. Ethereumcompletedits third and final test environment network (testnet) merge, Goerli last Wednesday.\nMost other altcoins were in the red in late weekend trading with OP and QUICK off about 8% and 7%, respectively, although popular meme coin SHIB was up over 30% and DOGE jumped more than 10%.\nEquity markets\nCrypto gains have largely tracked stocks, which have also been regaining ground in recent weeks after a dismal first seven months. The tech-focused Nasdaq and S&P 500, which has a heavy tech component, closed Friday up 2.1% and 1.7%, respectively, as investors continued to savor Wednesday\'s unexpectedly favorable consumer price index (CPI) showing July prices rising at a lower rate than the previous month. Markets are hopeful the data will allow the U.S. central bank to ratchet back its next interest rate hike to 50 basis points, a less aggressive approach than it has been following.\nThe Nasdaq and S&P have risen four consecutive weeks, their longest weekly upturn since last November. The Nasdaq has gained 20% since June to escape its lengthiest bear market run since 2008.\nCrypto news\nMeanwhile, crypto industry news was mixed on Friday. India\'s Enforcement Directorate (ED), a government agency that is responsible for probing financial crimes,frozeassets worth 3.7 billion rupees ($46.4 million) at crypto exchange Vauld,it saidin a statement. The U.S. Commodities Futures and Trading Commission (CFTC) accused an Ohio man of running a $12 million bitcoin Ponzi scheme,filinga cease-and-desist order over allegations he scammed investors interested in digital assets.\nBut the moodwas upbeatat Canada\'s largest blockchain conference last week amid a keynote address by Ethereum co-founder Vitalik Buterin, a hackathon and panels.\nDiPasquale noted warily that current macroeconomic uncertainties will continue to cloud bitcoin\'s future pricing. "It may be too early to think that the macroeconomic woes are behind us," he said. "This month\'s closing and the entirety of September will be key for the crypto market on account of a few factors, including the next [Federal Open Market Committee] as well as the anticipated Ethereum Merge. If both BTC and ETH can manage to retain their gains and consolidate until the end of September, we could see a bigger rally leading into Q4."\n[{"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "+38.1%", "DACS Sector": "Currency"}, {"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "+10.9%", "DACS Sector": "Currency"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "+6.3%", "DACS Sector": "Entertainment"}]\n[{"Asset": "Chainlink", "Ticker": "LINK", "Returns": "\\u22123.5%", "DACS Sector": "Computing"}, {"Asset": "Polkadot", "Ticker": "DOT", "Returns": "\\u22122.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22121.8%", "DACS Sector": "Smart Contract Platform"}]\nS. Korea Play-to-Earn Bans Likely to Remain in Place\nBy Sam R Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-08-15 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $460,248,320,588 - Hash Rate: 203082703.20489404 - Transaction Count: 241934.0 - Unique Addresses: 620533.0 Social & AI Sentiment: - Fear & Greed Index: 0.45 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Marathon Digital Holdings, Inc. LAS VEGAS, June 28, 2022 (GLOBE NEWSWIRE) -- Marathon Digital Holdings, Inc. (NASDAQ: MARA ) ("Marathon" or "Company") , a leader in supporting and securing the Bitcoin ecosystem, today disclosed that, as a result of a storm that passed through Hardin, MT earlier this month, the Company’s mining operations in the region are currently without power and likely to remain offline until the damaged power generating facility can be repaired. Based on the latest inspection reports, Marathon’s miners in Montana may have sufficient power to come back online in a reduced capacity as early as the first week of July. On Saturday, June 11, a severe storm passed through the town of Hardin, damaging several structures, including the power generating facility that supplies Marathon’s bitcoin mining operations with power. Since the storm passed, inspections to assess the damage of the power plant have been ongoing. In the past few days, Marathon received a damage assessment. According to the findings, the plant’s cooling towers are in need of repair. Initial electrical tests on Marathon’s miners have been positive, indicating that the majority of the Company’s miners were not materially damaged by the storm. According to reports the Company has received in the past few days, the power generating station may be repaired enough for Marathon’s miners to come back online in a reduced capacity as early as the first week July. While repairs are ongoing in Montana, Marathon has pointed its remaining active miners, representing approximately 0.6 EH/s, away from the Company’s mining pool, MaraPool, and towards a third-party mining pool in order to increase the probability of earning bitcoin. Prior to the storm, the 30,000 miners Marathon had deployed in Montana represented over 75% of the Company’s active fleet. With these miners offline, Marathon’s bitcoin production is expected to be significantly reduced until repairs to the power generating facility in Montana can be completed or until the miners can be relocated to new facilities. As announced on April 5 , Marathon was already preparing to move miners from this facility to more sustainable sources of power during the third quarter of this year. The Company is currently evaluating the possibility of expediting the move of its miners from Montana to new hosting locations. Story continues “The severe storm in Montana unexpectedly decreased our hash rate in June and presented us with a new challenge that we are actively working to overcome,” said Fred Thiel, Marathon’s chairman and CEO. “Bringing miners fully back online will take time, and we are committed to doing everything we can to rebuild our hash rate and to improve our bitcoin production. As part of that process, we have redirected our active miners, which represent approximately 0.6 exahash, to point towards a third-party mining pool, so that we can improve our probability of earning bitcoin while we work to bring the Hardin miners back online. Separate from this event, construction and installations in Texas have continued as scheduled, and given the current macro environment, our pipeline of potential new hosting arrangements remains strong. We appreciate the continued support of our shareholders as we work through this process.” Investor Notice Investing in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward-looking statements described under "Risk Factors" in Item 1A of our most recent Annual Report on Form 10-K for the fiscal year ended December 31, 2021, filed with the SEC on March 10, 2022 and Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2022, filed with the SEC on May 5, 2022. If any of these risks were to occur, our business, financial condition or results of operations would likely suffer. In that event, the value of our securities could decline, and you could lose part or all of your investment. The risks and uncertainties we describe are not the only ones facing us. Additional risks not presently known to us or that we currently deem immaterial may also impair our business operations. In addition, our past financial performance may not be a reliable indicator of future performance, and historical trends should not be used to anticipate results in the future. Future changes in the network-wide mining difficulty rate or Bitcoin hash rate may also materially affect the future performance of Marathon's production of bitcoin. Additionally, all discussions of financial metrics assume mining difficulty rates as of June 2022. The total network’s hash rate data is calculated from a third-party source, which is available here: https://www.blockchain.com/charts/hash-rate . Data from third-party sources has not been independently verified. See "Forward-Looking Statements" below. Forward-Looking Statements Statements made in this press release include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements can be identified by the use of words such as “may,” “will,” “plan,” “should,” “expect,” “anticipate,” “estimate,” “continue,” or comparable terminology. Such forward-looking statements are inherently subject to certain risks, trends and uncertainties, many of which the Company cannot predict with accuracy and some of which the Company might not even anticipate and involve factors that may cause actual results to differ materially from those projected or suggested. Readers are cautioned not to place undue reliance on these forward-looking statements and are advised to consider the factors listed above together with the additional factors under the heading “Risk Factors” in the Company's Annual Reports on Form 10-K, as may be supplemented or amended by the Company's Quarterly Reports on Form 10-Q. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events, new information or otherwise. About Marathon Digital Holdings Marathon is a digital asset technology company that focuses on supporting and securing the Bitcoin ecosystem. The Company is currently in the process of becoming one of the largest and most sustainably powered Bitcoin mining operations in North America, while remaining asset light. Marathon Digital Holdings Company Contact: Telephone: 800-804-1690 Email: [email protected]... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening: Prices: Bitcoin falls below $24K before recovering slightly; ether is down. Insights: Crypto savings platform Hodlnaut angered users by freezing withdrawals, but the law may be on the company\'s side if there\'s ever a court case. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. And sign up for First Mover , our daily newsletter putting the latest moves in crypto markets in context. Prices ● Bitcoin ( BTC ): $24,141 −1.0% ● Ether ( ETH ): $1,898 −2.7% ● S&P 500 daily close: 4,297.14 +0.4% ● Gold: $1,794 per troy ounce −0.3% ● Ten-year Treasury yield daily close: 2.79% −0.06 Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found at coindesk.com/indices. Bitcoin Falls Below $24K Before Recovering Slightly; Ether Drops By James Rubin Bitcoin seemed headed for a bright start to the week, topping $25,000 late Sunday (U.S. time) after flirting with the psychologically important threshold multiple times in previous days. But the largest cryptocurrency by market capitalization quickly retreated and was recently trading just over $24,000, down almost a percentage point over the last 24 hours, albeit still above the top part of the $20,000 to $24,000 range it\'s occupied for over a month. Investors remain in wait-and-see mode following weeks of sometimes hopeful and other times confounding economic indicators and company earnings. "It seems the cryptocurrency, like many other instruments, is testing a potentially significant barrier following the recent recovery and we may be seeing some profit-taking," Craig Erlam, senior market analyst, U.K. and EMEA (Europe, Middle East, Africa) for foreign exchange Oanda, wrote in an email. "Whether that becomes a full rotation lower isn\'t clear yet but it doesn\'t appear to have the momentum for a breakout at this time. Story continues Ether followed a similar pattern, rising to over $2,000 late Sunday before falling below $1,900. The second-largest crypto by market cap was recently down roughly 2.5% from the previous day, although well above levels earlier this summer amid growing investor enthusiasm for The Merge, which will change the Ethereum protocol from proof-of-work to the faster, more energy efficient proof-of-stake model. Two of Sunday\'s big winners, the popular meme coins SHIB and DOGE, were losers a day later, recently plunging more than 9% and 7%, respectively. MATIC tumbled more than 5%. Equities trade sideways Stocks fared somewhat better than major cryptos, with the tech-heavy Nasdaq and S&P 500 increasing 0.6% and 0.4%, respectively, amid ongoing hope that inflation has peaked and the U.S. Federal Reserve may be able to back off some of its current monetary hawkishness. But commodity prices declined after a number of indicators showed slowing growth in China. The price of Brent crude oil, a widely regarded measure of the energy market, dropped over 3% to about $95 per barrel. "The economic data from China overnight was very disappointing, to put it mildly," Erlam wrote. "Combined with the lending figures on Friday, it does not paint a good picture of domestic demand or the growth outlook." Crypto news A scotched deal between cryptocurrency custody company BitGo and crypto-focused financial services firm Galaxy Digital highlighted Monday\'s industry news. Earlier in the day, Galaxy Digital, the creation of noted investor Michael Novogratz, said it was abandoning its plan to purchase BitGo because the latter had failed to provide financial statements by an end-of-July deadline. The companies had first announced the deal in May 2021 for what was at the time about $1.2 billion in stock and cash. Later Monday, BitGo said it was planning to sue Galaxy Digital for backing out of the merger agreement, and will seek $100 million in damages from Galaxy, the amount of a previously promised break-up fee. The Federal Reserve announced it was publishing its final guidance for novel financial institutions to access its "master accounts," something these firms need to participate in the global payment system. The announcement would seemingly move the U.S. central bank one step closer to possibly allowing Wyoming trust companies, like Custodia and Kraken Bank, access to these accounts. European digital bank Revolut has been granted authorization by the Cyprus Securities and Exchange Commission, allowing it to offer crypto services across the European Economic Area. The authorization will enable Revolut to offer crypto services to its 17 million customers. And Singapore\'s High Court granted beleaguered crypto exchange Zipmex more than three months of creditor protection so that Zipmex can devise a funding plan, Bloomberg News reported. Decoupling from macro events? Arca Chief Investment Officer Jeff Dorman optimistically noted evidence of a decoupling between crypto prices and macroeconomic events. "The coincidental timing of idiosyncratic digital asset events (LUNA/UST, defaults/bankruptcies, ETH 2.0 Merge) and macro events (peak inflation, commodities rolling over, bad economic data leading to \'bad news = good news\') makes it difficult to prove the decoupling," Dorman wrote in a Monday newsletter. "But if you look elsewhere in digital assets, there has been massive dispersion in digital asset prices since mid-June." He added: "All the market leaders that released big news/partnerships/tokenomics changes ultimately rallied the most (UNI, DYDX, LDO, ETH, CRV, AAVE, MATIC, CHZ, etc.). This is a very encouraging sign that digital assets are once again trading on their own information flows rather than being 100% tied to macro events." Biggest Gainers There are no gainers in CoinDesk 20 today. Biggest Losers Asset Ticker Returns DACS Sector Shiba Inu SHIB −9.8% Currency Gala GALA −6.5% Entertainment Terra LUNA −6.2% Smart Contract Platform Insights Angry That Hodlnaut Has Frozen Your Funds? Too Bad, It’s in the Terms and Conditions Earlier this month, Singapore-based crypto savings platform Hodlnaut froze withdrawals and token swaps citing “difficult market conditions.” Naturally, its user base was aghast and the legal threats came in fast and furious over Twitter. At the time, Holdnaut was applying for a license from the Monetary Authority of Singapore (it has since withdrawn the application), and surely this isn’t the type of behavior becoming of a licensed institution. Except this is all laid out in the terms and conditions, and Singapore courts may favor upholding this contractual agreement. “The standard terms and conditions of the crypto lenders will usually provide it with a broad and absolute discretion to suspend all, or any part, of its services to its customers,” Yuankai Lin, partner at RPC Premier Law Singapore told CoinDesk via email. “In Hodlnaut\'s case, it did have a contractual right under its standard Terms and Conditions to ‘suspend or terminate the Service or any part of the Service, at its discretion and without prior notice to the User.’” Lin said that, like any other digital service, the user would need to indicate their acceptance to open an account and this agreement would be binding on them. As for any legal challenge, this might not go anywhere. Lin said this has been tried before in the TradFi world, and the courts have ruled on the side of the institution. “The Singapore courts will generally recognize and uphold contractual terms giving the bank absolute discretion in relation to certain acts, provided that the bank exercises this discretion in good faith and not arbitrarily or irrationally. Any party seeking to challenge the bank\'s act will essentially have to prove the bank had abused its discretion,” he said to CoinDesk. Lin said that while there have not been any reported decisions in Singapore on crypto lenders specifically exercising their discretion to freeze funds, he expects the same framework of discretion from TradFi to be applied. As of now, MAS has been focused on regulating crypto from an anti-money laundering and combating terror financing perspective. “MAS has stated that it will look towards widening the scope of cryptocurrency regulations in Singapore to cover more areas such as consumer protection, market conduct, and reserve backing for stablecoins,” Lin told CoinDesk. Without a license from MAS, Holdnaut won’t be able to offer token swap services. It can however still offer lending and borrowing services for cryptocurrency-related transactions, Lin explained, as it is not an activity currently regulated by the MAS. Holdnaut has not applied for bankruptcy protection unlike other CeFi lenders Celsius Network and Voyager Digital. The company has previously announced that it has "no exposure or loans" with Three Arrows Capital or Celsius. Per previous CoinDesk reporting the lender is working with Singapore-based law firm Damodara Ong on a timeline for a plan to preserve user assets. Hodlnaut has said on Twitter that it plans to provide another update to users on August 19. Important events 9:30 a.m. HKT/SGT(1:30 a.m. UTC): Reserve Bank of Australia monetary policy minutes 12:30 p.m. HKT/SGT(4:30 a.m. UTC): Japan tertiary industry index (MoM/June) 5 p.m. HKT/SGT(9 a.m. UTC): Eurostat trade balance n.s.a. (June) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin (BTC) briefly tops $25,000 for the first time since June. Brent Xu, Umee Founder and CEO, joined "First Mover" to discuss. Plus, Monero’s privacy-focused crypto protocol upgrade is now live. And Terraform Labs CEO Do Kwon broke his silence about Terra\'s collapse. Headlines Crypto Lender Celsius On Pace to Run Out of Cash by October: The firm, which filed for bankruptcy protection in July, is also short of $2.8 billion in cry Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-08-16 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $457,054,042,800 - Hash Rate: 207284414.3056849 - Transaction Count: 273896.0 - Unique Addresses: 677726.0 Social & AI Sentiment: - Fear & Greed Index: 0.44 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: • DOGE’s market value appreciated by 20% in the last seven days. • Long-term RSI for meme tokens DOGE and SHIB saw a positive turn. • Amid a larger bearish market, Dogecoin and Shiba’s short-term gains ignited some optimism in the market. As a larger bearish spell engulfed thecryptomarket with top tokens oscillating in a rangebound momentum, meme tokens turned to the market’s rescue flashing short-term bullish signals. Entering the third week of June,DOGE/USDTandSHIB/USDTpairs presented a high demand owing to gains in RSI. Both the tokens made price gains above their key support levels with a significant bullish engulfing candle on each of the tokens’ charts, initiating a relief rally. For the top meme token, DOGE, a price push from bulls, helped the coin gain almost 20% over the week. On the other hand, the top Dogekiller – SHIB, noted close to 35% weekly gains but saw price action weakening at press time. The recent recovery rally pushed DOGE’s price 50% higher as the coin reclaimed the immediate resistance of $0.07 and hit the next higher resistance at the $0.77 mark. While DOGE’s recovery was notable, SHIB charted higher gains of close to 60% over the last week. However, on June 28, around press time, the two meme tokens saw weakening momentum on their short-term charts, which makes it crucial to assess whether DOGE and SHIB could continue their uptrend. Despite the recent gains, DOGE price failed to surpass the overhead resistance at the 0.078 mark. There was a significant pump in trade volumes for the top meme token. However, the long-work rejection candle highlighted that bears cautiously defended the higher resistance levels with vigor. In the early trading hours of Monday, Dogecoin broke higher, surpassing its 50-Day Moving Average for the first time since late April. DOGE/USDT pair traded close to $0.08, making it the best performing cryptocurrency in the top 50 cryptos by market cap. Many market experts believe that the top meme coin has seemingly broken above a downtrend in play since mid-May. However, the larger market’s bearishness pulled down the price of the tenth-ranked crypto asset by market cap. At press time, DOGE traded at $0.07262, noting a 2.03% drop in price over the last 24 hours. Notably, on a one-hour chart, Dogecoin has lost almost 8% price from the high of $0.078. The top meme coins RSI presented that sellers were starting to gain dominance as buying pressure slumped. In the short term, a recovery above the $0.075 mark would be essential to DOGE’s recovery. Lowering social anticipation for the coin can further affect DOGE prices. FXEmpire analyst Mohadesa Najumihighlightedthat while ‘Dogecoin may have surged 55% recently, technical analysis shows that short-term sentiment on DOGE is neutral, with 16 indicators displaying bullish signals compared to 16 bearish signals at the time of writing.’ Inanother FXEmpire article, analyst Joel Frank presented that for DOGE, a clean break above the 50DMA sets the stage for further upside towards the critical $0.10 level. Shiba Inu‘s price was trading around $0.00001115 at press time, up 34.95% in the last week. However, weakening buying pressure had pushed the coin’s price down by 5.77% over the previous 24 hours. On a one-hour chart, SHIB was testing the $0.00001110 support resistance mark, staying above which would be crucial for the coin. In the near term, the $0.0000108 support could act as a line of defense that bulls need to guard. That said, in the short-term, a recovery above the upper resistance at the $0.0000114 mark could play in favor of the bulls helping the meme token gain further market momentum. SHIB bears protected the local resistance level at $0.00001297, and a u-turn from that mark led to considerable market losses for the top Dogekiller over the last day. Nonetheless, trade volume for the coin remains high. If bulls can manage a daily candle close above the $0.000012 mark, a breakout might happen within the coming days. Thisarticlewas originally posted on FX Empire • Crypto Market Daily Highlights – BTC and the Broader Market See Red • Three dead in Amtrak train crash and derailment in Missouri • Iran applies to join BRICS group of emerging countries • Armenia, Azerbaijan trade new Karabakh accusations • JetBlue refuses to give up its quest for Spirit Airlines • Oil climbs as major producer UAE says it has no spare capacity... - Reddit Posts (Sample): [['u/Owls_oil', 'Hemp banking closed AGAIN now looking to crypto to keep providing access', 51, '2022-08-16 01:47', 'https://www.reddit.com/r/Bitcoin/comments/wpese6/hemp_banking_closed_again_now_looking_to_crypto/', "Hi Everyone,\n\nIm Luke the CEO for [OwlsOil.com](https://OwlsOil.com) We are a hemp product manufacturer in southern Oregon, USA. After being with Bank of America for 2 years they have made the decision to close the account. We went through all the official hemp banking procedures with the bank and its incredibly frustrating for a business to deal with these issues. \n\nIm very familiar with crypto and was around during the first big boom when BTC hit over 1k and then plummeted. That being said I have being somewhat out of the loop with all of the different processing opportunities. I looked into Bitpay but they don't work with the hemp industry. We are fine to keep the crypto in a stable coin to avoid if not BTC. \n\nFor those that don't know in 2018 the farm bill passed in USA legalizing hemp. This also meant legalizing many other cannabinoids that get you high such as Delta 8, HHC and now even delta 9 edibles that can be shipped to majority of states in USA. We completely self regulated with childsafe packaging, one time QR codes based on the blockchain called Cannverify and full panel testing. We would love some advice to incorporate crypto into our website.", 'https://www.reddit.com/r/Bitcoin/comments/wpese6/hemp_banking_closed_again_now_looking_to_crypto/', 'wpese6', [['u/Independent-Space-23', 14, '2022-08-16 02:49', 'https://www.reddit.com/r/Bitcoin/comments/wpese6/hemp_banking_closed_again_now_looking_to_crypto/ikgi8u9/', '[https://btcpayserver.org/](https://btcpayserver.org/) these guys are the saviors to bitpay, the latter being the coinbase of bitcoin payment processing industry. never use bitpay', 'wpese6'], ['u/garrulous_theory', 30, '2022-08-16 03:02', 'https://www.reddit.com/r/Bitcoin/comments/wpese6/hemp_banking_closed_again_now_looking_to_crypto/ikgk2ra/', 'Avoid crypto, run toward bitcoin. \n\nBTCpayserver.org is a great way to set up accepting direct bitcoin payments. \n\nIf you are a one-man operation and don’t want to set up your own node with btcpayserver you could also use something like breez wallet which has a point-of-sale interface right in the default app.', 'wpese6']]], ['u/Avicii89', 'For intelligent 21st century tech, CBTC can be pretty "dumb" sometimes', 16, '2022-08-16 03:34', 'https://www.reddit.com/r/nycrail/comments/wph5pk/for_intelligent_21st_century_tech_cbtc_can_be/', "Perhaps some MTA conductors/operators or engineers can correct me if I'm wrong here, but CBTC seems to be pretty poor at handling movement authority / train speeds in and around stations when the block immediately ahead of a station is occupied or set to red. \n\nTake for example on the QBL lines. E train is approaching Queens Plaza at speed on express track, and an M train up ahead is departing Queens Plaza from the local track and crossing over to the shared E tracks toward Court Sq and 53rd street tunnel. The E has a red signal at the western end of Queens Plaza station because the M just crossed over going to Court Sq, and so the CBTC starts slowing the E down to a near crawl as it approaches and enters Queens Plaza because of that upcoming stop signal. It seems the technology doesn't take into account that the E has to stop at that station regardless of signal, and doesn't allow it to enter the station at a 'normal' speed where the operator would just slow down more aggressively before the red signal and let passengers on/off while waiting for the signal to flip. Instead, time is wasted crawling at 5mph to the end of the platform, before it can then stop as it normally would. \n\nI see this happen all the time. Same story at Roosevelt Avenue -- you have an F trailing right behind an E. The E departs Roosevelt Ave, enters the next block, yet the CBTC forces the trailing F train to approach the station super slowly, even though it has to stop no matter what. I feel like this adds unnecessary delay when you could just have the train enter at normal speed, stop before the red, and spend that time waiting for the signal on the platform exchanging passengers (and allowing more time for people to switch between local M/R that may be nearby) instead of wasting time inching up the platform. \n\nIf I had to take a guess, the CBTC logic is treating red signals at a station the same way it would treat any other red signal -- forces train to slow down to maximize the amount of time it is able to be in motion approaching the unfavorable signal before it would have to come to a dead stop. In reality, red signals at stations where a train is already scheduled to stop should engage a different CBTC logic in how it slows trains down (i.e. not to 5mph) \n\nThoughts?", 'https://www.reddit.com/r/nycrail/comments/wph5pk/for_intelligent_21st_century_tech_cbtc_can_be/', 'wph5pk', [['u/Railfan007', 17, '2022-08-16 04:19', 'https://www.reddit.com/r/nycrail/comments/wph5pk/for_intelligent_21st_century_tech_cbtc_can_be/ikgupo3/', 'CBTC can be changed so the train can pull in faster. However, it is currently designed to work the same way the old signals would operate in the same situation. Hopefully in the future that changes.', 'wph5pk']]], ['u/KelseyFrog', 'RoguelikeDev Does The Complete Roguelike Tutorial - Week 8', 44, '2022-08-16 04:52', 'https://www.reddit.com/r/roguelikedev/comments/wpiske/roguelikedev_does_the_complete_roguelike_tutorial/', "Congratulations to everyone who participated this year! It's always fun hosting this event and watching everyone learn together. Let's give u/TStand90 an enormous round of applause for the tutorial, u/HexDecimal for answering so many questions and libtcod, and u/Kyzrati for spreading the word and just generally being a wonderful mod!\n\nThis is the end of RoguelikeDev Does The Complete Python Tutorial for 2022. Share your game, share screenshots and repos, brag, commiserate. How did it go? Where do you go from here?\n\nI encourage everyone who has made it this far to continue working on your game. Everyone is welcome to (and really should ;) ) participate in Sharing Saturday.\n\nFeel free to enjoy the usual tangential chatting. If you're looking for last week's or any other post, the entire series is archived on the wiki. :)", 'https://www.reddit.com/r/roguelikedev/comments/wpiske/roguelikedev_does_the_complete_roguelike_tutorial/', 'wpiske', [['u/HexDecimal', 14, '2022-08-16 07:01', 'https://www.reddit.com/r/roguelikedev/comments/wpiske/roguelikedev_does_the_complete_roguelike_tutorial/ikhdfl8/', "[GitHub](https://github.com/HexDecimal/tcod-cpp-engine-2022) \| [Playable](https://hexdecimal.itch.io/tcod-cpp-engine-2022) \| [Screenshots](https://imgur.com/a/XoGyzZE)\n\nI completed the C++ tutorial but was too burned-out to finish the additional Python parts as well as the extra stuff I wanted to do. I've put down everything I was planning as issues so that I don't forget them.\n\nI'm going to take a break from this for now. Later I'll return to this or my refactor of the Python engine rather than going through the tutorials again.\n\nI did get a lot of good stuff out of this. Emscripten has worked pretty well. It was simple enough to setup automated deployment to Itch. The cave generator I made is non-standard but had nice looking maps so far. JSON made save migration a lot easier to do. Vcpkg/CMake is still excellent for making a portable codebase. Libtcod was easy to work with in C++17, even for parts where the libtcod API hasn't been fully modernized yet.\n\nThe biggest downside I've had is that C++'s polymorphism is very difficult to serialize. This became my biggest roadblock as is likely what lead to me burning out. This is something I'll better account for in the future.", 'wpiske'], ['u/bodiddlie', 11, '2022-08-16 07:08', 'https://www.reddit.com/r/roguelikedev/comments/wpiske/roguelikedev_does_the_complete_roguelike_tutorial/ikhe0p1/', 'Start with some links: \n\n[Working code at end of tutorial - traditional look](https://ts-rogue-tutorial-2022.netlify.app/)\n\n[Link to all my tutorial write-ups in TypeScript](https://klepinger.dev/rotjs-tutorial)\n\n[Repo - all chapters are tagged](https://github.com/bodiddlie/js-rogue-tutorial)\n\nThis was an absolute blast to work on. It’s rare I stick to a non-work project like this and complete it. Having a deadline and a community I felt somewhat accountable to I think really helped keep me on track. \n\nI’m hoping to continue on with what I learned going through this to make a full browser based game. Hoping that if I make a habit of posting in the Saturday threads that will help to fill the role of this series in holding me accountable. \n\nThanks to u/KelseyFrog, u/HexDecimal, u/Kyzrati, and u/TStand90 for everything!', 'wpiske']]], ['u/bigbambambam', 'Reasons why firms would buy Celsius:', 31, '2022-08-16 04:52', 'https://www.reddit.com/r/CelsiusNetwork/comments/wpit0u/reasons_why_firms_would_buy_celsius/', '1. Hopium/copium from us who have lost majority of money\n\n2. To acquire a massive user base where 99.9 percent will withdrawal everything and leave at first chance\n\n3. Stake in mining operation (just kidding it would be better to just buy btc)\n\n4. Chance to put krissy mashitsky in her place because she just keeps talking about her “USA strong” company after her husband has literally taken more away from us customers than any non-us company\n\nAnything else I’m missing?', 'https://www.reddit.com/r/CelsiusNetwork/comments/wpit0u/reasons_why_firms_would_buy_celsius/', 'wpit0u', [['u/Physical-State3960', 32, '2022-08-16 05:40', 'https://www.reddit.com/r/CelsiusNetwork/comments/wpit0u/reasons_why_firms_would_buy_celsius/ikh4y0b/', '1) They would become instant "Heros" world wide..\n\n2) Tax benefit?\n\n3) My girlfriend will personally give them a BJ anytime/anywhere.. no questions asked', 'wpit0u'], ['u/... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening:\nPrices:Bitcoin and ether fall slightly, but meme coins continue to rise.\nInsights:Crypto is struggling with a stocks correlation narrative.\nCatch the latest episodes ofCoinDesk TVfor insightful interviews with crypto industry leaders and analysis. Andsign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context.\n●Bitcoin (BTC): $23,870−1.3%\n●Ether (ETH): $1,877−2.0%\n●S&P 500 daily close: 4,305.20+0.2%\n●Gold: $1,790 per troy ounce+0.5%\n●Ten-year Treasury yield daily close: 2.82%+0.03\nBitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found atcoindesk.com/indices.\nBitcoin and Ether Fall, but Meme Coins Are Rallying\nBy James Rubin\nMost major cryptos were on the defensive for a second consecutive day, with bitcoin and ether both trading slightly lower from respective two-plus-month highs they reached less than 48 hours ago.\nBTC was recently changing hands below $24,000 after cracking $25,000 on Sunday and down roughly a percentage point over the past 24 hours. Ether was trading under $1,900 less than two days after breaching $2,000 for the first time since late May, as investors large and small paused from more recent risk-embracing postures.\n"The recent crypto rebound has hit a wall as retail traders continue to lick their wounds and institutions respect key technical levels," Edward Moya, senior market analyst for foreign exchange Oanda, wrote in an email. "Bitcoin can’t yet break above the $25,000 level, but it seems to be maintaining a bullish trajectory here."\nOver the past seven days, ETH has outperformed BTC amid growing anticipation of the Merge, which will shift the Ethereum protocol from proof-of-work to a faster, more energy efficient proof-of-stake protocol. ETH’s total market capitalization is now 50% of BTC’s, approaching levels last seen in January. ETH’s market cap compared to BTC’s indicates the potential for a “flippening” event, where ETH’s total market cap exceeds BTC’s. In a report, FSInsight suggested that ether could approach bitcoin’s market cap over the next 12 months.\n"The upcoming merge has led to elevated trading activity for ETH, especially in the options market, where the open interest surpassed BTC’s for the first time in history," Arcane Research noted in a newsletter.\nOther cryptos were mixed, with popular meme coins DOGE and SHIB continuing their recent surge and rising more than 13% and 3%, respectively. But MANA, YGG and SAND all recently fell more than 2.5%.\nFutures tracking DOGE and SHIB recently had over $25 million in liquidations, data showed, suggesting part of the rally in them has stemmed from futures bets. But the two cryptos\' gains have also been confounding.\nEquities\nStocks were mixed. The Dow Jones Industrial Average (DJIA) was slightly in the green after big box retailers Walmart (WMT) and Home Depot (HD) posted unexpectedly strong second-quarter earnings but the tech-focused Nasdaq down declined a fraction of a percentage point. The tech sector, which has largely correlated with crypto pricing, has been weathering disappointing results from major chip manufacturers.\nStill, a 17-month low in housing starts offered investors the latest hopeful sign that the the U.S. economy was decelerating sufficiently for the Federal Reserve to scale back interest rate hikes at some point over the next six months. A decline in the July Consumer Price Index (CPI) last week suggested that the bank\'s recent monetary hawkishness was slowing inflation. Travis Kling, founder and chief investment officer for Ikigai Asset Management, told "First Mover" on CoinDesk TV that these signs could "bode well for asset prices broadly and for crypto as well."\nCrypto news\nThe fallout from the terraUSD (UST) stablecoin collapse and wide-spreading price declines has slowed this month but is far from over. In anannouncementon its website, cryptocurrency lending platform Hodlnaut said it had filed an application with the Singapore High Court to be put under judicial management, which is a form of protection from creditors. The application was filed on Aug. 13, five days after the companyfroze withdrawals, and will temporarily safeguard the lender from any legal claims.\nHodlnaut is the latest in a long line of crypto companies that have been stung by the recent market downturn, Singapore-based exchange Zipmexreceived creditor protection on Monday, while trading firm Three Arrows Capitalowes billions of dollars to creditorsafter imploding in June due to leverage.\nLater Tuesday, Stronghold Digital Mining (SDIG) said itwas negotiatingwith its lenders over a possible debt restructuring or refinancing agreement that would keep the bitcoin miner afloat. Publicly traded miners have suffered in the bitcoin bear market, with their shares falling more than 60% on average this year, worse than bitcoin itself, which has lost less than half of its value. Stronghold\'s share price has tumbled about 70%.\nAlso Tuesday, Acala’s native stablecoin, aUSD, came close to regaining its peg to the U.S. dollar. The Polkadot-based decentralized finance (DeFi) platform burned over 1.2 billion aUSD tokens that were minted by exploiters over the weekend who took advantage of a bug in one of the platform’s liquidity pools.\nOanda\'s Moya struck an upbeat note despite bitcoin\'s recent retreat, highlighting institutional interest in digital assets. "Pretty much everyone on Wall Street thought that the mid-June lows would get retested for bitcoin, but now it seems this dead cat bounce doesn’t want to stop," he said. "It appears the institutional money is mostly behind this recent rebound, which suggests it could have a better chance of lasting."\n[{"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "+13.7%", "DACS Sector": "Currency"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "+3.5%", "DACS Sector": "Entertainment"}, {"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "+2.8%", "DACS Sector": "Currency"}]\n[{"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22123.0%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "\\u22122.7%", "DACS Sector": "Computing"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22122.5%", "DACS Sector": "Entertainment"}]\nCrypto\'s Struggle With Correlation\nBy Sam Reynolds\nLong ago, crypto was thought of as an asset to use in time of risk. When Cypriot authorities forced the country’s people to take a haircut on deposits in 2013, they turned to bitcoin to preserve wealth.\nNow, things are different. Crypto is a different kind of asset. A risk asset like tech stocks. Not the safe haven it once was.\nNobody knows when this will end, or even if it will return to where it once was.\nIn an email to CoinDesk, Scott Sheridan, CEO of options trading platform Tastyworks, pointed to the bull market’s major equity valuations as a magnet for more capital, which in turn drives up prices. Sheridan, for his part, rejects the idea that crypto can be considered a safe haven given its volatility.\n“Crypto, on the other hand, doesn’t have the same valuation metrics. It’s still in its infancy and so are its valuation models,” he said to CoinDesk via email. “That ambiguity, with respect to valuations, is what allowed for investors to justify chasing prices higher. If I’m right on that, then I would expect the volatility in crypto to outlast the volatility in equities, something you don’t want if you’re seeking a safe haven.”\nCrypto and stocks will rebound together\nSheridan thinks crypto won’t turn around until equities do and market volatility subsides.\n“Once we get back to a VIX [an index measuring volatility] near its mean of 18, then I think you’ll see equity prices stabilize and at that point, you might see crypto stabilize or begin moving higher. Until then, I think the combination of potential alpha in equity markets and the evolving state and subsequent turbulence in crypto are more geared toward speculation than they are sheltered from the storm,” he continued.\n*\nSpeaking at this year’s Consensus festival, Galaxy Digital CEO Mike Novogratz predicted it will be in October when the U.S. Federal Reserve flinches first on raising interest rates. But that all depends on how inflation goes and how economies worldwide respond. With the People’s Bank of China taking aseemingly different approach than the Fed– lowering rates while the Fed raises them – it could be a while before things stabilize.\nU.S. FOMC minutes released\n11 p.m. HKT/SGT(3 p.m. UTC):U.S. FOMC minutes released\n2 p.m. HKT/SGT(6 a.m. UTC):U.K. core consumer price index(July)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nFormer CFTC Commissioner Dawn Stump on Crypto Regulation; Celsius On Pace to Run Out of Cash by October\n"First Mover" spoke with former CFTC Commissioner Dawn Stump on the future of crypto regulation and her new role at crypto risk monitoring firm Solidus Labs. Plus, a closer look at Celsius Network as a new court filing revealed the crypto lender holds $2.8 billion less in crypto than it owes to depositors.\nCrypto Twitter Sees \'Bearish Wedge\' Pattern in Bitcoin\'s Price Recovery:The rising wedge – a pattern that has appeared in bitcoin\'s price charts – has some analysts and traders calling for a renewed sell-off toward $16,400.\nJump Crypto Picked to Revamp Solana to Make Blockchain More Reliable:The crypto trading firm and builder is reupping its commitment after the once-hot blockchain hit potholes.\nAcala Stablecoins Near $1 Peg After Community Burns 1.2B aUSD Minted by Exploiters:Developers said trace reports were underway to identify the transactions performed by the 16 wallet addresses connected to the exploit.\nUS Fed Opens Last 60 Days of Bitcoin's Closing Prices:** [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-08-17 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $458,492,368,596 - Hash Rate: 180673577.3340092 - Transaction Count: 256127.0 - Unique Addresses: 648642.0 Social & AI Sentiment: - Fear & Greed Index: 0.41 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Ethereum (ETH) hit a high of US$1,610 on Tuesday morning in Asia, before retracing to trade at US$1,521 at press time,according to data from CoinMarketCap. See related article:Three Arrows, Voyager failures raise questions of who is next in crypto fall from grace • The world’s second-largest cryptocurrency by market capitalization was up over 26.6% since Saturday in its surge to “The Merge,” the blockchain’shighly anticipated moveto proof of stake, tentatively set for Sept. 19. • Ethereum Classic (ETC) was the day’s biggest winner among the top 100 cryptocurrencies at Tuesday morning trading in Asia, gaining 22% over the past day. • Bitcoin was trading at US$22,071, up about 3.59% over the past 24 hours, according to CoinMarketCap data, extending a cryptocurrency rally that started on Sunday. • Major cryptocurrencies and traditional markets have been battlingconcernsof rising inflation, a possible recession, uncertainty caused by the war in Ukraine and a growing list of crypto firms lining up for bankruptcy. See related article:Bitcoin, Ethereum rebound pulls back amid worries of BTC dump from Mt. Gox, Celsius... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin and Ether fell in Thursday morning trading in Asia, along with all other cryptocurrencies on the top 10 list by capitalization, with the exception of XRP.\xa0 U.S. equities were weaker overnight as Federal Open Market Committee minutes released on Wednesday indicated interest rates in the U.S. will continue rising until inflation is brought under control.\nSee related article:Markets: Bitcoin, Ether little changed; DOGE, XRP climb in Asia afternoon trade\n• Bitcoin was trading at US$23,347, off 2.16% in the past 24 hours as of 8 a.m. in Hong Kong, while Ether was down 2.2% at US$1,835, according todata from CoinMarketCap.\n• XRP was the only cryptocurrency in CoinMarketCap’s top 10 to buck the trend, gaining 0.7% to US$0.38 after the token’s issuer, Ripple,was named amongthe Inc. 5,000 fastest growing private U.S. companies.\n• Dogecoin saw the heaviest losses among the top 10, dropping 7.4% to US$0.08. Shiba Inu token also fell 6.5% to US$$0.00001478.\n• The U.S. Federal Open Market Committeeminutes from its July meeting— in which interest rates were raised 0.75% — showed Federal Reserve officials are unlikely to consider ending a spate of interest rate increases until inflation is back under control. Interest rates in the U.S. are currently around 2.25% – 2.5%, which the meeting participants generally agreed was a “neutral range.”\n• Recent Consumer Price Index data did indicateU.S. inflation is easing, rising 8.5% on the year in July, down from the 9.1% seen in June.\n• U.S. equities also pulled back yesterday; the Dow Jones Industrial Average closed down 0.5%, the S&P 500 Index lost 0.7% and the Nasdaq Composite Index finished off 1.25%. Investors are also nervous about China’s economy amid slower-than-expected industrial output in July and a worrying downtrend in real estate prices.\nSee related article:China’s zero-Covid policy realigning global economy, financial markets', 'Bitcoin and Ether fell in Thursday morning trading in Asia, along with all other cryptocurrencies on the top 10 list by capitalization, with the exception of XRP.\xa0 U.S. equities were weaker overnight as Federal Open Market Committee minutes released on Wednesday indicated interest rates in the U.S. will continue rising until inflation is brought under control. See related article: Markets: Bitcoin, Ether little changed; DOGE, XRP climb in Asia afternoon trade Fast facts Bitcoin was trading at US$23,347, off 2.16% in the past 24 hours as of 8 a.m. in Hong Kong, while Ether was down 2.2% at US$1,835, according to data from CoinMarketCap . XRP was the only cryptocurrency in CoinMarketCap’s top 10 to buck the trend, gaining 0.7% to US$0.38 after the token’s issuer, Ripple, was named among the Inc. 5,000 fastest growing private U.S. companies. Dogecoin saw the heaviest losses among the top 10, dropping 7.4% to US$0.08. Shiba Inu token also fell 6.5% to US$$0.00001478. The U.S. Federal Open Market Committee minutes from its July meeting — in which interest rates were raised 0.75% — showed Federal Reserve officials are unlikely to consider ending a spate of interest rate increases until inflation is back under control. Interest rates in the U.S. are currently around 2.25% – 2.5%, which the meeting participants generally agreed was a “neutral range.” Recent Consumer Price Index data did indicate U.S. inflation is easing , rising 8.5% on the year in July, down from the 9.1% seen in June. U.S. equities also pulled back yesterday; the Dow Jones Industrial Average closed down 0.5%, the S&P 500 Index lost 0.7% and the Nasdaq Composite Index finished off 1.25%. Investors are also nervous about China’s economy amid slower-than-expected industrial output in July and a worrying downtrend in real estate prices. See related article: China’s zero-Covid policy realigning global economy, financial markets', 'Bitcoin and Ether fell in Thursday morning trading in Asia, along with all other cryptocurrencies on the top 10 list by capitalization, with the exception of XRP.\xa0 U.S. equities were weaker overnight as Federal Open Market Committee minutes released on Wednesday indicated interest rates in the U.S. will continue rising until inflation is brought under control.\nSee related article:Markets: Bitcoin, Ether little changed; DOGE, XRP climb in Asia afternoon trade\n• Bitcoin was trading at US$23,347, off 2.16% in the past 24 hours as of 8 a.m. in Hong Kong, while Ether was down 2.2% at US$1,835, according todata from CoinMarketCap.\n• XRP was the only cryptocurrency in CoinMarketCap’s top 10 to buck the trend, gaining 0.7% to US$0.38 after the token’s issuer, Ripple,was named amongthe Inc. 5,000 fastest growing private U.S. companies.\n• Dogecoin saw the heaviest losses among the top 10, dropping 7.4% to US$0.08. Shiba Inu token also fell 6.5% to US$$0.00001478.\n• The U.S. Federal Open Market Committeeminutes from its July meeting— in which interest rates were raised 0.75% — showed Federal Reserve officials are unlikely to consider ending a spate of interest rate increases until inflation is back under control. Interest rates in the U.S. are currently around 2.25% – 2.5%, which the meeting participants generally agreed was a “neutral range.”\n• Recent Consumer Price Index data did indicateU.S. inflation is easing, rising 8.5% on the year in July, down from the 9.1% seen in June.\n• U.S. equities also pulled back yesterday; the Dow Jones Industrial Average closed down 0.5%, the S&P 500 Index lost 0.7% and the Nasdaq Composite Index finished off 1.25%. Investors are also nervous about China’s economy amid slower-than-expected industrial output in July and a worrying downtrend in real estate prices.\nSee related article:China’s zero-Covid policy realigning global economy, financial markets', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin and ether have lost their momentum.\nInsights:A recent surge in the price of the Celsius Network\'s CEL has puzzled many observers.\nCatch the latest episodes ofCoinDesk TVfor insightful interviews with crypto industry leaders and analysis. Andsign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context.\n●Bitcoin (BTC): $23,433−2.5%\n●Ether (ETH): $1,845−2.8%\n●S&P 500 daily close: 4,274.04−0.7%\n●Gold: $1,780 per troy ounce+0.4%\n●Ten-year Treasury yield daily close: 2.89%+0.07\nBitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found atcoindesk.com/indices.\nBitcoin and Ether Fall Again\nBy James Rubin\nWhat happened to the rally?\nBitcoin and ether dropped for a fourth straight day as investors continued to puzzle over recent, often opposing economic indicators and corporate earnings reports. On Wednesday, markets wrestled with U.S. Federal Reserve\'s minutes from last month\'s meeting of its Federal Open Market Committee (FOMC), which in central bankers\' typically obtuse language indicated that the Fed would continue raising interest rates but seemed open to downward adjustments in the near future.\nCryptos already bleeding red initially responded with a big shrug.\nBTC was recently trading at about $23,400, down about 2.5% over the past 24 hours and well off the $25,000 level it reached on Sunday for the first time since late spring. ETH was recently trading hands at about $1,850, off roughly 2.8% over the same period after topping $2,000 multiple times over the past week.\nThe second-largest cryptocurrency by market capitalization has been soaring in recent weeks amid hot anticipation of the Merge, which will shift the Ethereum blockchain from proof-of-work to the faster, more energy efficient proof-of-stake protocol. Other cryptos were largely in the red. AAVE was down more than 8% at one point, and the popular meme coins, DOGE and SHIB, which had surged over the past few days, were each off more than 5%.\n"In the last 24 hours, we\'ve had a little bit of a pullback," Joe Orsini, director of research at Eaglebrook Advisors, told CoinDesk TV\'s "First Mover" program. "When you consider the move that\'s been made with bitcoin up around 30% from June 18 lows, ether up about 115%, profit taking without FOMO, and some traders kind of taking some off the table makes sense. It doesn\'t change the long-term story [of] $25,000; regaining that level should provide some psychological positivity around the market."\nOrsini added: "Things under the surface in the macro situation, have started to feel like they are improving. I wouldn\'t take too much into the short-term price action. We\'ve had a great bounce. And let\'s see what could happen over this quarter.\nEquities\nStocks also slogged through a dreary day with the technology-focused Nasdaq tumbling 1.2% and the S&P 500, which has a strong tech component, and Dow Jones Industrial Average (DJIA) declining 0.5% and 0.7%, respectively. Equity markets that have roared back to life amid faint hopes that the Federal Reserve\'s recent monetary hawkishness was subduing inflation without casting the economy into steep recession have lost momentum this week as investors chewed on the latest economic signs.\nU.S. retail sales ticked up slightly in July, a reflection of falling gas prices that encouraged consumers to continue shopping despite ongoing inflation. The retail figure also suggests that even if the economy is slowing, it remains strong. Gas has fallen to $4 a gallon from $5 over the last month, a 20% decline.\nCrypto news\nThe crypto industry continues to struggle with misleading and sometimes inaccurate information. Late Wednesday, the native token for Ethereum layer 2 blockchain Optimism brieflycrashed in priceon after Twitter-based rumors spread that its multisignature wallet had been hacked.\nOptimism’s core team insisted there was no hack. Still, the OP token fell 10% in a matter of minutes at 5:15 p.m. ET, accor Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-08-18 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $448,580,313,800 - Hash Rate: 202403376.0331685 - Transaction Count: 291921.0 - Unique Addresses: 685923.0 Social & AI Sentiment: - Fear & Greed Index: 0.30 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Afterpay, a subsidiary company of financial technology (fintech) giantBlock(NYSE:SQ), is engaged in a potentially game-changing collaboration withRite Aid(NYSE:RAD). However, the trading community doesn’t seem to appreciate how important this event is. So, now is a great time to take a long position in SQ stock. To different people, Block is known for different things. Some folks think of Block as the company formerly known as Square and as the company that brought the Cash App to the fintech market. Others might consider Block as a business with significant interests in thecryptocurrencyand blockchain spaces. These are all valid viewpoints. However, let’s not forget that Block also owns “buy now, pay later” (BNPL) company Afterpay. As Afterpay works closely with a retail pharmacy giant, all of the stakeholders should benefit in the long run. InvestorPlace - Stock Market News, Stock Advice & Trading Tips [{"Ticker": "SQ", "Company": "Block, Inc.", "Price": "$63.69"}] Perhaps it’s because cryptocurrency prices crumbled not long ago. Or maybe it’s due to the beatdown of technology-related stocks during 2022’s first half. For whatever reason, SQ stock has declined from nearly $300 almost a year ago to around $60 recently. • 7 Growth Stocks to Buy for a Rich Retirement That’s quite a steep discount. Should Block shares trade at such a comparatively low price point, even while the company is demonstrating fiscal growth? Just because Wall Street doesn’t favor crypto and tech stocks right now doesn’t mean that investors should shun Block. Consider that Blockgenerated gross profitof $1.29 billion, up 34% year-over-year, during 2022’s first quarter. Drilling down to specific company segments, Cash App’s gross profit of $624 million was up 26%, while Square’s gross profit of $661 million represented a 41% increase. Perhaps the most significant event during Block’s first quarter of the year, however, was the acquisition of Afterpay. This buyout was finalized on Jan. 31. As a result, Block staked its claim in the potentially lucrative BNPL space. One particular development should convince the skeptics that Afterpay could be a major revenue generator for Block. Reportedly, Rite Aid’s online shoppers will now have “anew way to payfor everyday items in four installments at no additional cost when you pay on time.” Not only is Rite Aid allowing its customers to use Afterpay on purchases made onlineon its website, but the drugstore giant also plans to “roll out its flexible payment option in stores nationwide in the coming months.” It’s a match made in heaven, really, as today’s online shoppers have come to expect flexible payment options at the point of sale. Indeed, the press release specifically cites the potential connection to younger shoppers, saying, “With nearly 70% […] of Afterpay’s highly-engaged network of digitally-native Gen Z and Millennial customers, Rite Aid can expect to see a new generation of consumers shopping online using BNPL.” Is the market failing to appreciate the growth potential of the BNPL space, or of Afterpay’s role within it? If so, then there’s a tremendous buying opportunity today with SQ stock. Thus, enterprising investors can swoop in and grab a few shares while they’re still priced at a discount. The message to the critics is crystal-clear: Now is the time to get over your emotional block and take a chance on Block. On the date of publication, David Moadeldid not have (either directly or indirectly) any positions in the securities mentioned in this article.The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. • $200 Oil Sooner Than You Think – Buy This Now • The Best $1 Investment You Can Make Today • Early Bitcoin Millionaire Reveals His Next Big Crypto Trade “On Air” • It doesn’t matter if you have $500 in savings or $5 million. Do this now. The postBlock Stock Traders Are Ignoring the Rite-Aid Collab, but Shouldn’tappeared first onInvestorPlace.... - Reddit Posts (Sample): [['u/aFungible', 'This is how much you can earn per day, with mining Monero!', 91, '2022-08-18 00:46', 'https://www.reddit.com/r/Monero/comments/wr2ll0/this_is_how_much_you_can_earn_per_day_with_mining/', 'PURE NON-TECHNICAL POST FOR LAYMAN\n\nJust wanted to share some knowledge. I did some calculation for the past 24 hours to determine various statistic of blocks. I hope below helps all to get some perspective on how the calculations are done.\n\nThere are 1440 minutes a day (duh!). Every 2 minutes, a block is mined. So, \\~720 blocks are mined per day. Every block fills in a number of transactions. And it is the job of miners, to validate a block & add it to the Monero blockchain and they are rewarded:\n\n>WHEN MINER MINES A BLOCK (he gets..) = Base block reward (0.6 XMR/block) + (total fee of every transaction in that block)\n\n&#x200B;\n\n[Example of blocks mined by a miner](https://preview.redd.it/z9pnpdjccdi91.png?width=868&format=png&auto=webp&s=f20288a734c5d01852e2b0c30649aef08b52eab9)\n\nIn the last 24 hours, Monero miners earned:\n\n* \\~435.5 XMR (\\~$73,000) for validating 26,376 transactions\n* Added 63 MB to blockchain.\n\nRewards:\n\n* Fees alone: \\~3.5 XMR\n* Block reward: \\~432 XMR (this will remain constant forever, due to tail emission of 0.6 XMR/block)\n\nUsers pay for space (in kB), not really for a transaction. Each transaction is \\~1.5 KB - \\~101 KB . S, what makes a transaction small or heavy? It is depending on "how many outputs" it has combined for spending. On average a transaction is \\~2.4 KB.\n\n63743049 bytes / 26,404 transactions = \\~2.4 KB (last 24 hrs)\n\n*Example:\n\nEvery time you receive money into your monero wallet, creates "one output". Every time you spend money from your wallet, you use "one or more" of those existing outputs. As its called "UTXO" in Bitcoin terminology (unspent transaction output).\n\nYou combine "multiple outputs" when say, you spend 1 XMR, but you have 10 outputs of 0.1 XMR in your wallet. These are combined to provide a transaction. Thereby, making the transaction 10 times the smallest size possible (in kB), making it more expensive for the user. OR lets say, you send all your balances in your wallet - back to your own wallet or another wallet address (here, all outputs in your sender\'s wallet will be combined into one or more, and sent to destination wallet, thus making transaction heavier, thus costlier (relatively speaking, though still may be a few $ cents).\n\n&#x200B;\n\n[Block stats of past 24 hours](https://preview.redd.it/5q5100nsoci91.png?width=538&format=png&auto=webp&s=0ec2488b325a289c7990627ab1a1f3b768d1a4f3)\n\nDynamic Block Sizing:\n\nNormal situation: Up to 300kB per block \\[ Total reward: 0.6 XMR/block + total fee earned for all transactions in this block \\]. If miner tries smart by adding more transactions to a block, then he is penalized by reducing the base block reward (0.6 XMR), unless he can compensate this reduction by greater transaction fee (he can\'t act too smart).\n\nNormally, miners don\'t extend the block beyond 300kB (unless transaction fees are REALLY JUICY). Currently, you see the average of past 720 blocks is 88 KB.\n\nWhen the average of the past 100 blocks* becomes \\~300kB, then something called "dynamic block sizing" kicks in. In dynamic block sizing, miners can sweetly extend beyond 300kB until 600kB, without incurring any penalty of base block reward (0.6 XMR). Thereby, adding more transactions/block. This also helps miners earn more. Adoption is thus, the key for miner earnings!\n\nAmazing right?\n\nEDIT: Now, to the main question. How much can you earn with mining?\n\nDivide the total earnings/day by the mining network hashrate of \\~2.5 GHz\n\n>= \\~435.5 XMR / 2.5 GHz \n> \n>= \\~0.0000001742 XMR per Hash/s \n> \n>= \\~0.0001742 XMR for 1 KH/s per day \n> \n>= \\~0.063583 XMR per year, for 1 KH/s mining power maintained through the year, irrespective of XMR price.\n\nSo, for mining with 1 KH/s CPU retained for a year, you\'d earn \\~0.06 XMR on average, for that year. This is with the assumption you\'re on a mining pool, e.g. P2Pool. If you solo mine, you could earn less or more (if you\'re lucky, you have 0 or multiple 0.6 XMR block reward to your name).\n\nDrop a comment, if you learnt something new.\n\nCheers!\n\n&#x200B;', 'https://www.reddit.com/r/Monero/comments/wr2ll0/this_is_how_much_you_can_earn_per_day_with_mining/', 'wr2ll0', [['u/JuiceColdman', 64, '2022-08-18 03:40', 'https://www.reddit.com/r/Monero/comments/wr2ll0/this_is_how_much_you_can_earn_per_day_with_mining/ikqmwu0/', 'But how much can you earn per day lol', 'wr2ll0'], ['u/aFungible', 25, '2022-08-18 03:53', 'https://www.reddit.com/r/Monero/comments/wr2ll0/this_is_how_much_you_can_earn_per_day_with_mining/ikqonpm/', 'Divide the total earnings/day by the mining network hashrate of ~2.5 GHz\n\n= ~435.5 XMR / 2.5 GHz\n\n= ~0.0000001742 XMR per Hash/s\n\n= ~0.0001742 XMR for 1 KH/s per day\n\n= ~0.063583 XMR per year, for 1 KH/s mining power maintained through the year, irrespective of XMR price.', 'wr2ll0'], ['u/BeerIsGoodForSoul', 15, '2022-08-18 04:15', 'https://www.reddit.com/r/Monero/comments/wr2ll0/this_is_how_much_you_can_earn_per_day_with_mining/ikqrq7r/', "Lol'ing if this is satire.\n\nOtherwise monero uses CPU's to mine", 'wr2ll0']]], ['u/cryptocrat007', 'To pay or not to pay?', 84, '2022-08-18 00:47', 'https://www.reddit.com/r/CelsiusNetwork/comments/wr2mi2/to_pay_or_not_to_pay/', 'I took out a 125K loan in USDC last year and have over 15 BTC posted as collateral. My whole life savings are stuck in Celsius. I don’t know what to tell my wife and kids.\nI never missed any interest payment and now the loan will come due in a few weeks and I don’t know what to do. Celsius wants me to repay the 125K with a wire transfer and that’s money I don’t have. Of course they could just sell 5 of the BTC that’s locked as collateral and repay the loan, leaving me with 10 BTC as per the original loan agreement. Now they’ve changed the terms and I’m not sure what to do. Do I try to take out a loan from a fiat bank and repay it? \nI’d gladly try that option if I’d get my 15 BTC back but I’m afraid of getting sucked into even more debt and never getting my crypto collateral back. What are other people that are in similar dire straits doing?', 'https://www.reddit.com/r/CelsiusNetwork/comments/wr2mi2/to_pay_or_not_to_pay/', 'wr2mi2', [['u/slugur', 97, '2022-08-18 01:02', 'https://www.reddit.com/r/CelsiusNetwork/comments/wr2mi2/to_pay_or_not_to_pay/ikq17su/', "Ok suddenly, I don't feel so bad about my 2 BTC collateral.\n\nI am so sorry about your situation. \n\nAs for me, I am not paying them shit when my loan matures. If they are not returning my BTC, they will not get a penny back in fiat either.", 'wr2mi2'], ['u/Evilgood1', 25, '2022-08-18 01:02', 'https://www.reddit.com/r/CelsiusNetwork/comments/wr2mi2/to_pay_or_not_to_pay/ikq19on/', 'Your 15 BTC is gone, so dont send more money to these scammers.', 'wr2mi2'], ['u/Tr0th', 24, '2022-08-18 01:07', 'https://www.reddit.com/r/CelsiusNetwork/comments/wr2mi2/to_pay_or_not_to_pay/ikq1yhn/', 'There isn’t enough clarity as to how loan collateral is going to be viewed relative to the rest of the bankruptcy estate to make a reasonable decision on loan repayment at this time. It is my personal opinion that taking out a fiat loan to pay off your crypto loan could be dangerous without first receiving such clarity from the court. Maybe wait a month and see where things are.', 'wr2mi2'], ['u/cryptocrat007', 26, '2022-08-18 01:21', 'https://www.reddit.com/r/CelsiusNetwork/comments/wr2mi2/to_pay_or_not_to_pay/ikq3toa/', 'Thanks for the nice words folks.\nI probably need to get a good lawyer since my family’s future is on the line. Any recommendations?', 'wr2mi2'], ['u/joekercom', 146, '2022-08-18 01:44', 'https://www.reddit.com/r/CelsiusNetwork/comments/wr2mi2/to_pay_or_not_to_pay/ikq71rq/', 'DO NOT TAKE OUT a loan to repay it. They have your collateral, the agreement you had at the time the loan was taken is what counts', 'wr2mi2'], ['u/meep185', 39, '2022-08-18 01:55', 'https://www.reddit.com/r/CelsiusNetwork/comments/wr2mi2/to_pay_or_not_to_pay/ikq8mty/', "I'm in a similar situation, but my outstanding loan is far less and doesn't mature till October. I definitely won't be sending them any money until there's some ruling in the bankruptcy court on what will happen to it. Personally, I would try to extend the loan for as long as I can, and when that runs out just let them take the principal out of your collateral. Then cross your fingers that the remaining collateral will go back into Earn like it should and be treated like other Earn creditors in the bankruptcy.\n\nI wouldn't hire a lawyer at this point. All they will do is charge you a lot of money to tell you a bunch of maybes. Everyone's hands are tied until the bankruptcy/restructuring plan plays out.", 'wr2mi2'], ['u/Humanoid-Person', 16, '2022-08-18 02:01', 'https://www.reddit.com/r/CelsiusNetwork/comments/wr2mi2/to_pay_or_not_to_pay/ikq9ci9/', "Weren't liquidations frozen as part of the proceedings?", 'wr2mi2'], ['u/SydZzZ', 27, '2022-08-18 02:17', 'https://www.reddit.com/r/CelsiusNetwork/comments/wr2mi2/to_pay_or_not_to_pay/ikqblcc/', 'I suddenly don’t feel bad for my 0.3 BTC collateral lol. Pain is relative', 'wr2mi2'], ['u/random869', 22, '2022-08-18 02:21', 'https://www.reddit.com/r/CelsiusNetwork/comments/wr2mi2/to_pay_or_not_to_pay/ikqc796/', 'why are you even considering wiring them more money? Let them have the collateral, at least you were able to get something from them before they lost our money', 'wr2mi2'], ['u/SealFlavor', 26, '2022-08-18 02:23', 'https://www.reddit.com/r/CelsiusNetwork/comments/wr2mi2/to_pay_or_not_to_pay/ikqchfg/', "They don't have your BTC anymore so don't pay them anything, at least not n... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin and Ether continued their weekly slide, while all other top 10 cryptocurrencies by market capitalization fell in Friday morning trading in Asia. The world\x92s number one cryptocurrency fell below US$23,000 for the first time in over a week. Investors remain tentative about macroeconomic trends \x96 inflation and interest rates in the U.S. and a slowing economy in China. See related article: Markets: Bitcoin, Ether fall; Solana, DOGE extend their declines Fast facts Bitcoin fell 1.4% in the past 24 hours to trade at US$22,992 as of 8:30 a.m. in Hong Kong. Ether was changing hands at US$1,821, down 0.4%, according to data from CoinMarketCap . Bitcoin has dropped more than 4% over the past 7 days, while Ether is down 3% in the same period. Dogecoin, the memecoin that sits in the last spot in CoinMarketCap\x92s top 10, fell 7.1% to US$0.074. Less than US$1 billion in capitalization now separates Dogecoin and Polkadot in slot 11, so they may soon be swapping places, though Polkadot was down 4.5% to US$7.9 in early Asia trading. Another memecoin, Shiba Inu, fell 9.2% to US$0.0000134. \x93Even though we might think of it as a joke [memecoins are] such a great tool for capturing people\x92s imagination,\x94 Igneus Terrenus, head of communications at Singapore-based crypto exchange Bybit, told Forkast in an interview , adding that capital investment then follows. U.S. equities markets were largely little changed. The Dow Jones Industrial Average closed up less than 0.1% while the S&P 500 Index and the Nasdaq Composite Index both added 0.2% in Thursday trading. The release of the Federal Open Market Committee July meeting minutes this week indicates the U.S. Federal Reserve looks set to raise interest rates again at its next meeting in September, not a good omen for equity investors and by extension crypto markets. The minutes showed the Fed remains focused on taming inflation and rate hikes are the main tool in its bag. China\x92s poor economic outlook is also causing concern for investors as the world\x92s second-largest economy has seen a slump in its real estate market and industrial output. Chinese Premier Li Keqiang met with top officials earlier in the week and urged them to support local businesses. See related article: Chandler Guo tells why he is the man who would hard fork Ethereum', 'Bitcoin and Ether continued their weekly slide, while all other top 10 cryptocurrencies by market capitalization fell in Friday morning trading in Asia. The world’s number one cryptocurrency fell below US$23,000 for the first time in over a week. Investors remain tentative about macroeconomic trends – inflation and interest rates in the U.S. and a slowing economy in China.\nSee related article:Markets: Bitcoin, Ether fall; Solana, DOGE extend their declines\n• Bitcoin fell 1.4% in the past 24 hours to trade at US$22,992 as of 8:30 a.m. in Hong Kong. Ether was changing hands at US$1,821, down 0.4%, according todata from CoinMarketCap. Bitcoin has dropped more than 4% over the past 7 days, while Ether is down 3% in the same period.\n• Dogecoin, the memecoin that sits in the last spot in CoinMarketCap’s top 10, fell 7.1% to US$0.074. Less than US$1 billion in capitalization now separates Dogecoin and Polkadot in slot 11, so they may soon be swapping places, though Polkadot was down 4.5% to US$7.9 in early Asia trading. Another memecoin, Shiba Inu, fell 9.2% to US$0.0000134.\n• “Even though we might think of it as a joke [memecoins are] such a great tool for capturing people’s imagination,” Igneus Terrenus, head of communications at Singapore-based crypto exchange Bybit, toldForkast in an interview, adding that capital investment then follows.\n• U.S. equities markets were largely little changed. The Dow Jones Industrial Average closed up less than 0.1% while the S&P 500 Index and the Nasdaq Composite Index both added 0.2% in Thursday trading.\n• Thereleaseof the Federal Open Market Committee July meeting minutes this week indicates the U.S. Federal Reserve looks set to raise interest rates again at its next meeting in September, not a good omen for equity investors and by extension crypto markets. The minutes showed the Fed remains focused on taming inflation and rate hikes are the main tool in its bag.\n• China’s poor economic outlook is also causing concern for investors as the world’s second-largest economy has seen a slump in its real estate market and industrial output. Chinese Premier Li Keqiangmet with top officialsearlier in the week and urged them to support local businesses.\nSee related article:Chandler Guo tells why he is the man who would hard fork Ethereum', 'Bitcoin and Ether continued their weekly slide, while all other top 10 cryptocurrencies by market capitalization fell in Friday morning trading in Asia. The world’s number one cryptocurrency fell below US$23,000 for the first time in over a week. Investors remain tentative about macroeconomic trends – inflation and interest rates in the U.S. and a slowing economy in China.\nSee related article:Markets: Bitcoin, Ether fall; Solana, DOGE extend their declines\n• Bitcoin fell 1.4% in the past 24 hours to trade at US$22,992 as of 8:30 a.m. in Hong Kong. Ether was changing hands at US$1,821, down 0.4%, according todata from CoinMarketCap. Bitcoin has dropped more than 4% over the past 7 days, while Ether is down 3% in the same period.\n• Dogecoin, the memecoin that sits in the last spot in CoinMarketCap’s top 10, fell 7.1% to US$0.074. Less than US$1 billion in capitalization now separates Dogecoin and Polkadot in slot 11, so they may soon be swapping places, though Polkadot was down 4.5% to US$7.9 in early Asia trading. Another memecoin, Shiba Inu, fell 9.2% to US$0.0000134.\n• “Even though we might think of it as a joke [memecoins are] such a great tool for capturing people’s imagination,” Igneus Terrenus, head of communications at Singapore-based crypto exchange Bybit, toldForkast in an interview, adding that capital investment then follows.\n• U.S. equities markets were largely little changed. The Dow Jones Industrial Average closed up less than 0.1% while the S&P 500 Index and the Nasdaq Composite Index both added 0.2% in Thursday trading.\n• Thereleaseof the Federal Open Market Committee July meeting minutes this week indicates the U.S. Federal Reserve looks set to raise interest rates again at its next meeting in September, not a good omen for equity investors and by extension crypto markets. The minutes showed the Fed remains focused on taming inflation and rate hikes are the main tool in its bag.\n• China’s poor economic outlook is also causing concern for investors as the world’s second-largest economy has seen a slump in its real estate market and industrial output. Chinese Premier Li Keqiangmet with top officialsearlier in the week and urged them to support local businesses.\nSee related article:Chandler Guo tells why he is the man who would hard fork Ethereum', 'Good morning. Here’s what’s happening: Prices: Bitcoin rose slightly to break a four-day losing streak; ether also climbed. Insights: South Korea has growing crypto community that is still trying to make sense of the Terra debacle and other issues affecting the industry. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. And sign up for First Mover , our daily newsletter putting the latest moves in crypto markets in context. Prices ● Bitcoin ( BTC ): $22,802 −2.6% ● Ether ( ETH ): $1,813 −1.8% ● S&P 500 daily close: 4,283.74 +0.2% ● Gold: $1,770 per troy ounce +0.5% ● Ten-year Treasury yield daily close: 2.88% −0.01 Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found at coindesk.com/indices. Bitcoin Breaks Its Losing Streak By James Rubin Cryptos spent most of Thursday on the upswing before sinking late in the day. Bitcoin was recently trading at about $22,800, down about 2.5% over the past 24 hours. The largest cryptocurrency by market capitalization which has spiraled downward after reaching a two-month high above $25,000 last weekend. Late Wednesday, BTC fell below a bullish trendline after the release of minutes from the last Federal Open Market Committee (FOMC) meeting showed U.S. central bankers unlikely to lighten their current monetary hawkishness. The Fed Reserve has raised interest rates a hefty 75 basis points at each of its last two meetings as it aims to suppress high inflation. Ether, the second-largest crypto by market value behind BTC, was recently changing hands just above $1,800, also down more than 2% from Wednesday and far removed from the $2,000 level perch it was still flirting with late Sunday. Merge excitement has tapered off in recent days. Story continues "Bitcoin is range bound at the moment," said Nauman Sheikh, managing director at investment advisors Wave Financial, told CoinDesk TV\'s "First Mover" program. "It\'s hit a $25,000, sort of resistance level. So has Ethereum hit a $2,000 resistance level. We\'re in a mode where the macro environment is supportive of the market, and we\'ll retest those resistance levels and hopefully break." Major altcoins that spent much of Thursday in promising territory also dove downward late in the day with YGG and OP recently plunging more than 14% and 13%. Popular meme coins DOGE and SHIB continued their retreat from early-week euphoria that sent their prices up double-digits with each recently sinking more than 10%. Major equity traded sideways with the tech-focused Nasdaq and S&P 500 each rising a fraction of a percentage point as investors continued to weigh economic indicators and earnings that has often pointed in conflicting directions. On Thursday, the National Association of Realtors reported a sixth consecutive monthly decline in housing starts adding evide Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-08-19 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $409,292,283,675 - Hash Rate: 250867150.7861116 - Transaction Count: 279910.0 - Unique Addresses: 736405.0 Social & AI Sentiment: - Fear & Greed Index: 0.33 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: CHICAGO, IL / ACCESSWIRE / July 6, 2022 / The data industry has rapidly grown over the last decade and shows no sign of stopping. This growth represents an opportunity for innovation and new technological solutions to help data producers and consumers understand and control their usage, especially in the finance and entertainment industries. While the current ecosystem definitely works, it could be exponentially more efficient. Through new technologies, producers can tie revenue to data use, while enabling data consumers to buy only the data they need, without paying for data they don't want or having to worry about costly audits. An Executive Perspective While many executives in finance and entertainment spaces don't realize how beneficial data tracking could be, a small handful are leading the charge in creating change by looking forward rather than being satisfied with the current way data moves and is accounted for. Indeed, leaders who reject archaic ways of working with data are crucial to the future success of companies as the value of data becomes more and more central. After conducting interviews with a range of data executives, several main factors contributing to this perspective shift became clear. "Data, like other software applications, has network effects," explained Gregory Alan Bolcer, Chief Data Officer of third-party risk discovery data startup Bitvore. "The more data from more diverse sources you put together, and understanding how they correlate, the more value you can extract. Yet many content publishers don't understand the value of the data they already have, and are both resistant to change and hugely protective of their data. The issues around content distribution and decentralization didn't have a solution until recently." There's a clear need for new technology to enable people to better secure their data, according to Elliot Banks, Chief Product Officer of data-driven fintech BMLL Technologies. "As a FinTech, we're not averse to utilizing the latest technologies and tools to help make our product as secure and as available as possible. From our side, we see data security and ease of data management as a priority for our customers and we continue to leverage technologies to achieve this. Any tools that make the signup and licensing agreement process more straightforward - a process that we think will continue to remain a critical topic - is going to be hugely valuable from a security and entitlement perspective." Particularly key to this forward-thinking approach to using data is the idea of data immutability. This refers to the concept that data cannot or should not be overwritten when new data is available - similar to how medical databases often keep a full record of all data concerning a patient's health history, for example. For Dirk Anderson, Chief Information Officer of Bitcoin and crypto-backed loan platform SALT Lending, it all comes down to data integrity. "Immutability has integrity - it gives you that assurance that the data you're looking at is accurate, and that it's what was there in the first place. While decentralization isn't required for immutability, it definitely helps. In our context, KYC and AML data is frequently audited and one of the most restricted data types from a privacy perspective. A blockchain-based approach can help answer two main questions: how do we create pathways for data to flow and be analyzed in a way where it can be trusted, and how do we prevent the wrong people from accessing it?" Story continues "A major problem for any organization, regardless of size, is knowing where non-public and sensitive data reside within your data ecosystem," said Dirce Hernandez, vice-chair of the FS-ISAC Insider Threat Working Group. "If you have a foolproof method of making sure that the data you're reporting is accurate, validated, and true - and can prove it - it's going to be great for your business. It reduces your liability for data breaches, or bad intent, or data misuse. It does this not just by shifting responsibility, but also by making sure that at any given point you can lock down your data and account for how it's being represented and identified." It's not just the tech world that stands to gain from this, either, but the entertainment world too. "When you work on a movie for 4 years like Dune, you start to understand why the industry needs a better tool that can provide greater security, access control and immutable logging," added Cody Lassiter, former Content Protection Executive at Legendary. The new direction data producers and consumers are beginning to take comes with its fair share of challenges. Armin Kech, Head Data Governance at MBC Group, brings up the idea of transparency. "One major challenge for every company is having transparency over its Data Assets. Like many others, we are a fragmented enterprise, with many departments and entities resulting in data silos. This makes it very challenging to receive a 360-degree view of our data, or understand, for example, what kind of data we have in our landscape, and how this data flows throughout our enterprise - the data lineage. Knowing the data flows is particularly important when it comes to international transfer of Personal Data. Data Protection regulations across the globe pay great attention to data transfer across international borders. Therefore, being able to ensure traceability - by usage, and not as a flat subscription - makes perfect sense." About Tractiv Tractiv, Thursday, July 7, 2022, Press release picture Tractiv was founded by Drew Orsinger, SpaceX's former Chief Security Officer, to create trust between two parties with regard to controlling and exchanging proprietary data by harnessing the power of immutable data. Their proven technology enables immutable tracing and data delivery for data providers, and empowers data consumers with the ability to understand where and how their purchased data is used. Through instantly distributing, receiving, and processing data, Tractiv have not only made a huge step towards creating a more efficient and accountable data ecosystem, but also developed a reputation for driving concrete results for their clients, including better benchmark tracking, cost savings, and increased revenue. Keep up with Tractiv Company Website: https://www.tractiv.com/ Company LinkedIn: https://www.linkedin.com/company/tractiv/ Founder LinkedIn: linkedin.com/in/drew-orsinger PRESS CONTACT: [email protected] SOURCE: Tractiv View source version on accesswire.com: https://www.accesswire.com/707727/How-Immutable-Tracking-Can-Revolutionize-Data-Accountability-In-Finance-And-Entertainment View comments... - Reddit Posts (Sample): [['u/Joe-M-4', 'I bought $1k of the Top 10 Cryptos on January 1st, 2022 (JULY Update/Month 7/-69%%)', 313, '2022-08-19 00:51', 'https://www.reddit.com/r/CryptoCurrency/comments/wrxdyq/i_bought_1k_of_the_top_10_cryptos_on_january_1st/', "&#x200B;\n\nhttps://preview.redd.it/l8ue3v8euji91.png?width=666&format=png&auto=webp&s=12091558acb3eae522404d825ec08b5f96b67150\n\n*Find the full blog post with all the tables and graphs* [*here](https://toptencryptoindexfund.com/tracking-2022-top-10-cryptocurrencies-month-7).\n\nWelcome to your monthly no-shill data dump: Here's the seventh monthly report for the 2022 Top Ten Experiment featuring BTC, ETH, BNB, SOL, ADA, USDC, XRP, LUNA, DOT, and AVAX. SNAPSHOTS ALWAYS TAKEN ON FIRST OF THE MONTH (data below reflects 1 July Snapshot).\n\ntl;dr\n\n What's this all about? I purchased $100 of each of Top 10 Cryptos in Jan. 2018, haven't sold or traded, reporting monthly for over four years. Did the same in 2019, 2020, 2021, and 2022. *Learn more about the history and rules of the Experiments* *(including why in the world I would include stablecoins)* [*here](https://toptencryptoindexfund.com/about/).* *Learn more about the new features in the 2022 Top Ten Experiment* [*here](https://toptencryptoindexfund.com/announcing-top-10-2022/).\n July Highlights: \\- First green monthly performance since March 2022 lead by ETH and AVAX, combined crypto portfolios (+101%) far ahead of #SP500 (+28%) since start of Experiments\n* New features: [TCAP](https://np.reddit.com/r/cryptex/) Total Crypto Market Cap token wins June and maintains overall lead the Top Ten approach in our friendly competition\n\n## Month Seven – Down -69%\n\nhttps://preview.redd.it/jty06sdgvji91.png?width=1065&format=png&auto=webp&s=1c6027ee04485c3af3473e19776b2f915b3c62d9\n\nThe 2022 Top Ten Crypto Index Fund Portfolio is\xa0BTC, ETH, BNB, Solana, ADA, USDC/UST, XRP, LUNA/LUNC, DOT, AVAX.\xa0\xa0\n\nJuly highlights for the 2022 Top Ten Portfolio:\n\n* First positive monthly report since\xa0[March 2022](https://toptencryptoindexfund.com/tracking-2022-top-10-cryptocurrencies-month-3/) \n* All cryptos are well in green territory this month, with the exception of\xa0USTC\xa0and\xa0LUNC. \n\n## July Ranking and Dropouts\n\nHere’s a look at the movement in ranking seven months into the 2022 Top Ten Index Fund Experiment:\n\nhttps://preview.redd.it/e6thg6vjvji91.png?width=376&format=png&auto=webp&s=fd36f58f35ebefbd94060010c85bbdc86548dae9\n\nAVAX\xa0and\xa0LUNC\xa0have dropped out, replaced by\xa0BUSD\xa0and\xa0DOGE.\xa0\xa0\n\nLUNC\xa0has fallen out of the Top 200, the lowest of any crypto in any of the five Top Ten Portfolios.\xa0\n\n## July Winners and Losers\n\n*July Winners\xa0–\xa0 Undoubtedly\xa0ETH, up +57% this month.\xa0\xa0AVAX\xa0was second best performing, +43% in July.\xa0\xa0\n\nJuly Losers\xa0–\xa0USTC\xa0(-38%) and\xa0LUNC\xa0(-18%) lost the most ground this month.\n\n## Overall Update: BNB maintains lead over BTC, 100% of cryptos in negative territory, RIP LUNC.\n\nEven after a good July, all cryptos in the 2022 Top Ten are still well in the red.\xa0\xa0BNB\xa0(-45%) has lost the least of its value and maintains a lead over second place\xa0Bitcoin\xa0(-51%)\xa0\n\nLUNC\xa0remains at the bottom, worth a fraction of a cent.\xa0 The initial $100 invested in\xa0Luna\xa0seven months ago is worth $0 today.\xa0\xa0\n\n## Overall return on $1,000 investment since January 1st, 2022:\n\nhttps://preview.redd.it/rvmw1lykvji91.png?width=337&format=png&auto=webp&s=a0bdbb5270a2044535cfda91e98ab418f1838511\n\nThe 2022 Portfolio gained $64 this month.\xa0 The initial $1000 investment on New Year’s Day 2022 is now worth\xa0$310, down about two thirds of its value seven months ago.\xa0\xa0\n\nHere’s a visual summary of the progress so far:\n\nhttps://preview.redd.it/xypjqw6mvji91.png?width=217&format=png&auto=webp&s=6c450c208474ee4d739570d6c11a498a40739058\n\nThe 2022 Portfolio is the worst performing of the\xa0[five Top Ten Crypto Portfolios](https://toptencryptoindexfund.com/).\n\n## Factoring in USDC Gains\n\nNew feature this year* – In past Experiment years, I have not included stablecoin gains in the monthly reports, but there are opportunities to earn ROI using stables alone. I figured this would be especially interesting to track this year, depending on how the crypto market performs. My goal of this little side quest was to beat the ROI of as many of the non-stablecoin cryptos in the Experiment as possible.\n\nI started the year using the most straightforward strategies, moving the $100\xa0USDC\xa0around to get bonuses from different platforms.\xa0 With crypto tanking, my ROI on stables was easily outperforming the rest of the portfolio.\xa0 In May, I decided to do something a bit more interesting. My choice?\xa0 Convert the\xa0USDC\xa0to\xa0UST, then deposit the\xa0UST\xa0on Anchor. Seemed like a good idea at the time.\xa0\xa0\n\nMy\xa0UST\xa0is now worth $3.67.\n\nHere’s a table of the\xa0USDC\xa0side mission so far this year. I’m down -96% overall.\xa0\xa0\n\nhttps://preview.redd.it/uytf7dqnvji91.png?width=789&format=png&auto=webp&s=e68aef0d354b5c32b5e0cf081e2ef2a54852a051\n\n## 2022 Top Ten Portfolio vs. Total Crypto Market Cap Token (TCAP)\n\nAnother new feature this year – The first Top Ten Crypto Experiment was started on 1 January 2018 in an attempt to\xa0*capture the gains of the entire market. Much has changed in the last 4.5+ years, including Decentralized Finance (DeFi) projects that have created index tokens to capture segments of the crypto market (DeFi, the Metaverse, Blue Chips, etc.) instead of manually buying coins and tokens, like I do for my Experiments.\n\nA project of particular interest to the Top Ten Experiments is the\xa0Total Crypto Market Cap\xa0([TCAP](https://cryptex.finance/))\xa0token,\xa0created by\xa0[Cryptex](https://np.reddit.com/r/cryptex/), which tracks the entire crypto market – exactly what my Top Ten Portfolios have been trying to recreate from the start.\n\nI thought it would be interesting to compare my homemade 2022 Top Ten Crypto Index Fund Experiment to\xa0TCAP\xa0for a bit of a friendly competition. Here’s the question I’ve been tracking this year:\xa0would I have been better off with $1,000 of TCAP instead of going through the effort of creating a homemade $1,000 Top Ten Index Fund?\n\nTCAP\xa0snapshot August 1st:\xa0\n\nhttps://preview.redd.it/x637s66pvji91.png?width=520&format=png&auto=webp&s=d17a46bc7e0bc2d3cddc02838ab1e5f88ccdefe6\n\nBoth the\xa0TCAP\xa0token and the\xa02022 Top Ten Portfolio\xa0gained in July.\xa0 Monthly performances:\n\n The 2022 Top Ten Portfolio: +26%\xa0\n* TCAP: +29%.\n\nThe July monthly victory goes to:\xa0TCAP.\n\nOverall since January 1st, 2022:\xa0\n\n* The 2022 Top Ten Portfolio:\xa0current value $310 (-69%)\xa0\n* TCAP:\xa0current value $466 (-53%)\n\nOverall lead:\xa0TCAP \n\nVisual summary below:\n\nhttps://preview.redd.it/z61wgjkqvji91.png?width=843&format=png&auto=webp&s=81cc68b832a3a31aa8df0f060eb8ca2be60af397\n\nTCAP’s\xa0outperformance of an equally weighted Top Ten Portfolio is in line with what the Experiment has observed over the five years of its existence:\xa0 with the exception of the 2021 Portfolio, every year the Total Market Cap outperforms a Top Ten approach.\xa0 And if history is any indication, I expect the 2021 Top 10 to fall behind\xa0TCAP\xa0eventually.\n\n## Bitcoin Dominance:\n\nBitDom dropped this month, ending July at 41.2%. For context, there hasn’t been much movement on this metric so far in 2022. Chart below:\n\nhttps://preview.redd.it/b3v7lfntvji91.png?width=582&format=png&auto=webp&s=4a7daa2324e115810d3380b41867d5533a1d7a03\n\nFor those just getting into crypto, it’s worth paying attention to the\xa0Bitcoin\xa0dominance figure, as it signals the appetite for altcoins vs.\xa0BTC.\n\n## Combining the 2018, 2019, 2020, 2021, and 2022 Top Ten Crypto Portfolios \n\nSo, where do we stand if we combine five years of the Top Ten Crypto Index Fund Experiments?\n\n* 2018 Top Ten Experiment: down -42% (total value $584)\n* 2019 Top Ten Experiment: up +192% (total value $2,923)\n* [2020 Top Ten Experiment](https://toptencryptoindexfund.com/tracking-2020-top-10-cryptocurrencies-month-31): up +339% (total value $4,389)\xa0(best performing portfolio)\n* 2021 Top Ten Experiment: up +82% (total value $1,825)\n* [2022 Top Ten Experiment:](https://toptencryptoindexfund.com/tracking-2022-top-10-cryptocurrencies-month-7)\xa0down -69% (total value $310)\n\nTaking the five portfolios together, here’s the bottom bottom bottom bottom\xa0bottom\xa0line:\xa0\n\nAfter five annual $1k investments ($5,000 total) in the 2018, 2019, 2020, 2021, and 2022 Top Ten Cryptocurrencies,\xa0the combined portfolios are worth\xa0$10,031. \n\nThat’s up +101%\xa0on the combined portfolios.\xa0 The peak\xa0 for the combined Top Ten Index Fund Experiment Portfolios was [November 2021’s all time high](https://toptencryptoindexfund.com/tracking-2021-top-10-cryptocurrencies-month-11/)\xa0of\xa0+533%.\xa0 Here’s the combined monthly ROI since I started tracking the metric in January 2020 for those who do better with visuals:\n\nhttps://preview.redd.it/lbtlabcwvji91.png?width=600&format=png&auto=webp&s=b0aa13d604cf50156b294ac8063c58c2d85ea038\n\nIn summary:\xa0*That’s a +101% gain by investing $1k on whichever cryptos happened to be in the Top Ten on January 1st (including stablecoins) for five straight years*.\n\n## Comparison to S&P 500\n\nI’m also tracking the S&P 500 as part of my Experiment to have a comparison point to tradit... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["Golddoge Sachs FRANKFURT, GERMANY, Aug. 20, 2022 (GLOBE NEWSWIRE) -- Golddoge Sachs , the first leveraged index that lets users invest in an exclusive selection of the best assets, diversified like equity funds with the best yield expectations, has been introduced in the crypto market that uses dollar cost averaging (DCA) to achieve the best possible return just by holding. With technology reaching new heights everyday, there is a financial product for everything. But in spite of all the progress, there is still a lot needed to be done in the crypto sector. Consider an investment banker who trades stocks on a conventional market. For any financial need, there is a product or service available. He uses ETFs. But, as a crypto enthusiast, he discovers that he needs to do a significant amount of work there himself. Having to do things that he doesn't do himself with his stocks. One such investment banker, who calls himself ‘Moby’ in crypto space, came up with the idea of a crypto brokering platform that would return 633% APY on a safe investment in crypto space, and named it Golddoge Sachs. Golddoge Sachs Principle and Working Users buy a single Golddoge Sachs ($GDS) token, and eventually the purchases build up the investment pot that further buys into 14 blue chips in cryptocurrency including the absolute major coins like Bitcoin, Ethereum, BNB, etc. With the continuous trading volume, the investment pot keeps building up. Over time, this investment earns a yield as the crypto market rises. This yield is periodically siphoned off and paid out to holders through buybacks in $GDS. Thus, the token replicates the yield. If the token grows because the demand increases, this also increases the token value, creating a simple yet efficient leverage effect. The token launches with the blue chip ETF and is initially exclusively available on the Binance Smart Chain (BEP20). But Moby claims that additional chains and more types of ETFs are planned, so there is something for everyone. Users simply need a wallet, similar to the stock market, and no accounts are required. Story continues Golddoge Ecosystem and Tokenomics Golddoge Sachs takes the path of secure success based on broad diversification, knowledge and DCA. Golddoge Sachs protects users’ investments in following ways: The investment pot acts as a hedge against financial losses. Anti-swing trading token design Anti-bot taxation Anti-sniper launch conditions Bot protection in the community Max transaction anti-dump rules Max wallet anti-whale rules Tokenomics Golddoge Sachs ($GDS) has a 15% tax on Buy and Sell transactions which is distributed in the following way: 2% goes to the development 3% goes to the marketing 10% goes to the investment pot The investment pot makes investments into the 14 top-performing cryptocurrencies, and users receive a return on gains at the end of the month. But, as the investment uses a leverage effect, users can expect to receive 3 times more than if they invested by themselves. Investing with Golddoge Sachs surpasses individual investing in any circumstance since the success of their investments for customers is further multiplied by the success of their own chart performance. To get more information about Golddoge Sachs, visit the project's official website or read the official whitepaper . About Golddoge Sachs Golddoge Sachs is a crypto ETF that lets users invest in top 14 cryptocurrencies using $GDS token. With the Golddoge Sachs Token, users receive shares in a regularly generated return based on a first-class portfolio built on the top crypto assets. Based only on the performance of the cryptocurrency market and Golddoge Sachs' integrated leverage, the conservative estimate for the yearly returns is 600% APY. Website \| Telegram \| Twitter \| Instagram \| Facebook References: Whitepaper: https://golddogesachs.com/wp-content/uploads/2022/08/WP-Golddoge_Sachs-Whitepaper.pdf Litepaper: https://golddogesachs.com/wp-content/uploads/2022/08/Litepaper.pdf Onepager: https://golddogesachs.com/wp-content/uploads/2022/08/Onepager.pdf PCS: https://pancakeswap.finance/swap?outputCurrency=0x301c565E1114452eb8237f8ba837E2c846393fA1 BSC Explorer: https://bscscan.com/address/0x301c565E1114452eb8237f8ba837E2c846393fA1 BSC Contract Address: 0x301c565E1114452eb8237f8ba837E2c846393fA1 Moby Dick Golddoge Sachs [email protected] https://golddogesachs.com/ Disclaimer: The information provided in this release is not investment advice, financial advice or trading advice. It is recommended that you practice due diligence (including consultation with a professional financial advisor before investing or trading securities and cryptocurrency. CONTACT: Moby Dick Golddoge Sachs info at golddogesachs.com https://golddogesachs.com/", "FRANKFURT, GERMANY, Aug. 20, 2022 (GLOBE NEWSWIRE) --Golddoge Sachs, the first leveraged index that lets users invest in an exclusive selection of the best assets, diversified like equity funds with the best yield expectations, has been introduced in the crypto market that uses dollar cost averaging (DCA) to achieve the best possible return just by holding.\nWith technology reaching new heights everyday, there is a financial product for everything. But in spite of all the progress, there is still a lot needed to be done in the crypto sector. Consider an investment banker who trades stocks on a conventional market. For any financial need, there is a product or service available. He uses ETFs. But, as a crypto enthusiast, he discovers that he needs to do a significant amount of work there himself. Having to do things that he doesn't do himself with his stocks.\nOne such investment banker, who calls himself ‘Moby’ in crypto space, came up with the idea of a crypto brokering platform that would return 633% APY on a safe investment in crypto space, and named it Golddoge Sachs.\nGolddoge Sachs Principle and Working\nUsers buy a single Golddoge Sachs ($GDS) token, and eventually the purchases build up the investment pot that further buys into 14 blue chips in cryptocurrency including the absolute major coins like Bitcoin, Ethereum, BNB, etc.\nWith the continuous trading volume, the investment pot keeps building up. Over time, this investment earns a yield as the crypto market rises. This yield is periodically siphoned off and paid out to holders through buybacks in $GDS. Thus, the token replicates the yield.\nIf the token grows because the demand increases, this also increases the token value, creating a simple yet efficient leverage effect.\nThe token launches with the blue chip ETF and is initially exclusively available on the Binance Smart Chain (BEP20). But Moby claims that additional chains and more types of ETFs are planned, so there is something for everyone. Users simply need a wallet, similar to the stock market, and no accounts are required.\nGolddoge Ecosystem and Tokenomics\nGolddoge Sachs takes the path of secure success based on broad diversification, knowledge and DCA.\nGolddoge Sachs protects users’ investments in following ways:\n• The investment pot acts as a hedge against financial losses.\n• Anti-swing trading token design\n• Anti-bot taxation\n• Anti-sniper launch conditions\n• Bot protection in the community\n• Max transaction anti-dump rules\n• Max wallet anti-whale rules\nTokenomics\nGolddoge Sachs ($GDS) has a 15% tax on Buy and Sell transactions which is distributed in the following way:\n• 2% goes to the development\n• 3% goes to the marketing\n• 10% goes to the investment pot\nThe investment pot makes investments into the 14 top-performing cryptocurrencies, and users receive a return on gains at the end of the month. But, as the investment uses a leverage effect, users can expect to receive 3 times more than if they invested by themselves.\nInvesting with Golddoge Sachs surpasses individual investing in any circumstance since the success of their investments for customers is further multiplied by the success of their own chart performance.\nTo get more information about Golddoge Sachs, visit the project'sofficial websiteor read the officialwhitepaper.\nAbout Golddoge Sachs\nGolddoge Sachs is a crypto ETF that lets users invest in top 14 cryptocurrencies using $GDS token. With the Golddoge Sachs Token, users receive shares in a regularly generated return based on a first-class portfolio built on the top crypto assets.\nBased only on the performance of the cryptocurrency market and Golddoge Sachs' integrated leverage, the conservative estimate for the yearly returns is 600% APY.\nWebsite\|Telegram\|Twitter\|Instagram\|Facebook\nReferences:\nWhitepaper:https://golddogesachs.com/wp-content/uploads/2022/08/WP-Golddoge_Sachs-Whitepaper.pdf\nLitepaper:https://golddogesachs.com/wp-content/uploads/2022/08/Litepaper.pdf\nOnepager:https://golddogesachs.com/wp-content/uploads/2022/08/Onepager.pdf\nPCS:https://pancakeswap.finance/swap?outputCurrency=0x301c565E1114452eb8237f8ba837E2c846393fA1\nBSC Explorer:https://bscscan.com/address/0x301c565E1114452eb8237f8ba837E2c846393fA1\nBSC Contract Address: 0x301c565E1114452eb8237f8ba837E2c846393fA1\nMoby Dick\nGolddoge Sachs\[email protected]\nhttps://golddogesachs.com/\nDisclaimer:\nThe information provided in this release is not investment advice, financial advice or trading advice. It is recommended that you practice due diligence (including consultation with a professional financial advisor before investing or trading securities and cryptocurrency.\nCONTACT: Moby Dick Golddoge Sachs info at golddogesachs.com https://golddogesachs.com/", 'Bitwage is the global leader in Bitcoin, cryptocurrency and stablecoin payroll with services across invoicing and benefits services. The company also offers resources to employers, employees, and freelancers with their robust, online platform. San Francisco, California--(Newsfile Corp. - August 20, 2022) - Bitwage has been helping workers globally receive their paychecks in Bitcoin, cryptocurrency and stablecoins since 2014. There has been a p Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-08-20 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $405,943,356,350 - Hash Rate: 209995536.3321945 - Transaction Count: 222722.0 - Unique Addresses: 597278.0 Social & AI Sentiment: - Fear & Greed Index: 0.29 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Today I am looking at some of the best undervalued REITs (real estate investment trusts) that have serious profit potential. These stocks are either at a trough price-wise, or their valuation metrics are very cheap. For example, many of these REITs are down over 25% year to date. Moreover, their valuation metrics show that their price to funds from operation (FFO) are at low multiples. Moreover, in most cases, their dividend yields are also high — many of them higher than their average historical yields. This can be seen in the chart below, which shows the average P/FFO and the average yield of each REIT. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Click to Enlarge Source: Mark R. Hake, CFA It shows that the average P/FFO of the group is just 8.22x for 2022. It is lower for 2023 at 7.8x. The average dividend yield of the group is 10%. Moreover, the median target price upside is over 17% higher. That shows how much these undervalued REITs could rise over the next year if interest rates eventually peak and then start to decline. • 7 Seriously Undervalued Tech Stocks to Buy Now Now, let’s dive in and look at these REITs. [{"GNL": "MDRR", "Global Net Lease": "Medalist Diversified REIT", "$15.07": "$0.88"}, {"GNL": "OHI", "Global Net Lease": "Omega Healthcare Investors", "$15.07": "$30.98"}, {"GNL": "OPI", "Global Net Lease": "Office Properties Income Trust", "$15.07": "$19.88"}, {"GNL": "RTL", "Global Net Lease": "The Necessity Retail REIT", "$15.07": "$7.73"}, {"GNL": "BDN", "Global Net Lease": "Brandywine Realty Trust", "$15.07": "$9.53"}] Source: Shutterstock Yield:10.7% Global Net Lease(NYSE:GNL) is the first of our undervalued REITs. It’ a REIT that is focused on sale-leaseback transactions. This is where the tenant formerly owned the property and then sells it to Global Net Lease and immediately leases it back from GNL. This is a win-win for both parties — the company that formerly owned it gets cash, and GNL gets a captive lessor for the property. They usually have a great desire to stay there for a long time. As a result, GNL now pays an annual dividend of $1.60 per share, which gives the REIT a dividend yield of 10.7%. Moreover, analysts estimate that its funds from operation (or FFO), a measure of cash flow, will reach $1.67 this year and $1.70 by the end of 2023. That puts the stock on a very reasonable price-to-FFO (P/FFO) of just 9x this year and 8.8x next year. Moreover, in the past four years, its average yield was 10.53%. This is slightly lower than its present 10.7% yield. That implies that the stock could rise 1.5% if it were to achieve the historic yield. Source: Roman Babakin / Shutterstock Yield:10.1% Medalist Diversified REIT(NASDAQ:MDRR) is REIT that invests in apartment buildings and hotels focused in southeast states including Virginia, North Carolina, South Carolina, Georgia, Florida and Alabama. The stock is very cheap in that it has a 10.1% annual dividend yield, given its 8-cent annual dividend payment rate. Moreover, the stock is not too expensive at 11.3 P/FFO for 2022. • 5 Electric Vehicle Stocks to Buy on the Dip TipRanksreports that analysts have an average price target of$2.25 for the stock, which is over twice Monday’s closing price. Source: Shutterstock Yield:8.7% Omega Healthcare Investors(NYSE:OHI) is focused on the long-term healthcare industry. It invests in skilled nursing and assisted living facilities. The stock is cheap with a dividend yield of 8.7%. This is well below its four-year average yield of7.93%. That implies that if it reaches this yield, the price will rise 10.1% from here to $33.80. That is because if you divide its present annual dividend of $2.68 by 7.93%, the result is a price of $33.80. Moreover, OHI stock has an inexpensive P/FFO metric of just 10.4x for 2022 and 10.1x for 2023. This is because analysts forecast its FFO will rise 3.1% next yearto $3.03per share from $2.94 forecast for this year. Source: Halfpoint/shutterstock.com Yield:11.2% Office Properties Income Trust(NASDAQ:OPI) is a REIT that likes to focus on government buildings. The REIT is managed byThe RMR Group(NASDAQ:RMR). The stock is cheap with an 11.2% dividend yield and trades with a yield slightly higher than its four-year average of 11.1%. Moreover, the P/FFO is inexpensive at just 4.2x analysts’ forecast ofFFO of $4.70per share for 2022. And for 2023, with analyst projections of $4.75 per share, OPI stock is at just 4.1x its FFO projections. • 7 Best Reddit Stocks to Buy Now Another way you know this stock is cheap is that its price-to-sales ratio is just 1.69x sales, according toSeeking Alpha. Source: Shutterstock Yield:11.1% The Necessity Retail REIT(NASDAQ:RTL) is, as its name implies, an REIT focused on retail and distribution-related commercial real estate. The stock has an attractive 11.1% dividend yield, which is well over its historical dividend yield. For example, in the last four years, its averageyield has been 8.94%, according toSeeking Alpha. This is likely because investors are worried about a possible recession. However, that provides a tether to upside value. For example, if the stock were to now have an 8.94%, given its annual dividend payment of 85 cents, the price would rise to $9.51 per share. That implies a potential upside of almost 25%. Moreover, the stock is cheap based on analysts’ forecasts of $1.02 in FFO this year and 7.8% higher FFO at $1.10 next year. That puts it on a forward P/FFO of just 7.5x for this year and 7x next year. Source: Shutterstock Yield: 8.07% Brandywine Realty Trust(NYSE:BDN), the last of today’s undervalued REITs, is a large company with properties in the Philadelphia, Austin and Washington, D.C. markets. It has a 25-year track record of strength and is very profitable. Right now the REIT has an 8% dividend yield, well over its historical average of 5.83% in the last four years. So if it had the same yield today, given its annual 76-cent dividend, the price would be over 38% higher at $13.06 per share. • 7 Cheap Stocks That Are Trading at a Discount Moreover, its FFO is expected to grow from $1.38 per share this year to $1.41 next year. That puts it on a cheap P/FFO multiple of just 6.8x FFO cash flow this year and 6.7x for next year. This is well below the average 8.2x P/FFO of this list of undervalued REITs. On the date of publication, Mark Hake did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to theInvestorPlace.comPublishing Guidelines. • Buy This $5 Stock BEFORE This Apple Project Goes Live • The Best $1 Investment You Can Make Today • Early Bitcoin Millionaire Reveals His Next Big Crypto Trade “On Air” • Cash Holders Could Get Hit Hard THIS FRIDAY The post6 Undervalued REITs to Buy With Serious Profit Potentialappeared first onInvestorPlace.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Photo Illustration by Erin O\'Flynn/The Daily Beast/Getty In May of last year, someone claiming to be a military doctor on a secret mission in North Korea contacted Laura Francis on Facebook, looking for love and connection. Francis, a California realtor, thought he was charming—his profile images portrayed a man with a muscular build, beard, tattoos, and hospital scrubs—but was initially skeptical of his intentions. The mystery man called himself “David Hodge,” and he claimed to be a kind of surgeon, helping soldiers who’d been injured by explosives in war. As part of his backstory, David told Francis he had an ex-wife who had cheated on him, and a 5-year-old son. David’s love-bombing of Francis, 69, was insistent. He texted Francis every morning and throughout the day (usually on Google Hangouts) and called her on the phone just as often. “I fell in love with his voice, he had the cutest laugh,” Francis recalls. He serenaded her with links to romantic songs on YouTube: “Hero” by Enrique Iglesias and “I Swear” by All-4-One. According to Francis, David said “he had been there and done that with the beautiful young women, and they were all not loyal.” He told her he “wanted somebody that was more mature.” How an Army of Women Hunted Down the Online-Dating Scammer Who Conned Them Into Marriage “Meeting you was fate, becoming your friend was a choice but falling in love with you is beyond my control,” David wrote one evening in August 2021, as they discussed buying a wedding ring. Courtesy of Laura Francis “You have no idea how elaborate it was,” Francis told The Daily Beast in an interview, after she learned her nearly year-long affair with David wasn’t a real relationship but a cryptocurrency romance scam, one in which she claims she lost $248,000 of her savings—money that was supposed to be her daughter’s inheritance. “He had an excuse or an answer for every question,” Francis said. “I asked millions of questions. Because I didn’t trust or believe anything from the first.” Courtesy of Laura Francis Anytime Francis doubted him, David would send her photos he claimed were of himself, holding a sign that said: “I love you Laura and am not a scammer I’m Davidson Hodge.” He also sent her a purported passport and copies of a seemingly detailed bank statement, from a local bank in Columbus, Ohio—but which utilized a Chase Bank P.O. Box and which included some notable typos—claiming he had $3 million. He also sent her a photo of his arm, decked in military camouflage, and hand holding an “employment agreement” containing a U.S. Marine Corps logo. Story continues Whenever he asked Francis for money, she says, he always promised to pay her back once he was out of the service and had access to his accounts. David directed her to use several Bitcoin apps including Coinbase and Coin Cloud Bitcoin ATMs until she cut him off in March. (The Daily Beast reviewed some of Francis’ Coin Cloud receipts with deposits totaling $37,080 in August 2021 alone, and one blockchain analytics firm said she appeared to have deposited around $60,000 via the ATM in September.) Asked for comment, Cloud Coin said its terms of service prevent it from sharing personal information about customers but said it has sympathy for the victims of financial crimes. “When a customer buys, the digital asset(s) go into their wallet,” the company said in a statement. “From there, we don’t know what a customer does with their currency, coin, or token.” Within three months, Francis was sucked into a whirlwind drama rivaling daytime soap operas. And each plot line drew her deeper into what she believed was true love, followed by a rift caused by a second alleged scammer named “Robert Manguire,” who claimed to be an oil rig worker in Louisiana and warned her David was a con artist. “Between the two of them, they had me on the run,” Francis said. David would tell her he was shunning her until she blocked Robert, and Robert threatened to tell her family about how much she’d paid David unless she blocked the supposed doctor. “I didn’t know how I was going to face my family,” she said, “and I did not know how I was ever going to let my family know how much money I lost.” Romance scams are big business in the U.S., and crypto is a growing piece of it. The FBI reported that Americans lost $1 billion to romance scammers in 2021, while the Federal Trade Commission estimated they lost $750 million to crypto scams that same year. (The FTC also said crypto was the second-most common form of payment in romance scams, above wire transfers and apps like Venmo.) Paul Sibenik, the lead case manager at CipherBlade, a company that helps track and recover stolen or scammed crypto, said anywhere from 30 to 40 percent of his company’s clients are victims of a romance scam. While the FBI began warning about Internet romance rackets as early 2005 , the rise of cryptocurrency has made it even easier to scam money instantly, across borders, and without detection. And pandemic lockdowns meant more and more people turned to dating apps and websites as a means of finding love remotely. Romance scams hit a record high in 2021, according to the FTC, totaling more than any other category of fraud. The horror stories of courtship-based schemes increasingly involve crypto. In February, Nicole Hutchinson of Tennessee told CBS News that she lost $390,000 of her and her father’s money—some of it her inheritance after her mom died—after she fell for a scammer named “Hao” on the Hinge dating app. The man encouraged her to create an account on Crypto.com and instructed her to transfer funds to a link he claimed was a cryptocurrency exchange platform; instead, the money went into his pockets. Another victim, South Carolina business owner Zahra Hajiaghamohseni, told NBC affiliate WCBD-TV that she lost $350,000 after a handsome man wooed her online, then encouraged her to invest in crypto. She later learned her suitor had scammed her, using a fake identity and someone else’s photos, after she traveled to an airport to pick him up but he never arrived. The government has responded to this surge in crypto-related crimes by staffing up with investigators. The Securities and Exchange Commission nearly doubled the size of its Crypto Assets and Cyber Unit this spring, from 30 to 50, and the FBI announced a new Virtual Asset Exploitation Unit dedicated to blockchain analysis and virtual asset seizure. The Justice Department also launched two new crypto-related arms last year: one focusing on criminal money laundering and cybersecurity, and the other on civil fraud cases. But the hires do not mean that every crypto fraud will be prosecuted. Several experts who spoke with The Daily Beast said federal law enforcement is unlikely to take cases where it deems the losses “too small”—a label some experts said can apply even to six-figure losses. Victims with smaller losses are directed to local police forces, which often do not have the training or tools to deal with a highly technical crime. There are other issues that complicate a crypto fraud investigation, the primary one being that the fraudsters could be anywhere in the world—far outside the jurisdiction of local police. They are also incredibly hard to identify, because, although all cryptocurrency transactions are made public on the blockchain, they occur anonymously, identified only by a long string of numbers designating a crypto “wallet.” Add to that the fact that many scammers use multiple wallets, or employ something called a “mixer” that combines their money with others to make it harder to track, and hunting down your stolen funds can be harder than actually finding true love. Going the civil route isn’t easy, either, according to Tal Lifshitz, a financial fraud attorney who also handles crypto cases. Tracking crypto transactions often involves expensive software or outside firms that cost more than a recently defrauded litigant can afford. And without those, it’s difficult for an attorney to know who to subpoena, or even serve. “With traditional financial fraud, we know there’s a bank [or accounting firm] involved,” Lifshitz said. “Even if you don’t necessarily have access to it before you bring a case, you know they exist, because they have to. None of those things have to exist in a crypto fraud.” Laura Francis Courtesy of Laura Francis Francis says the first time David asked for money, he claimed his top-secret cover was blown and his military base was forced to relocate. As David and his crew members traveled up a river, he claimed, their boat overturned and they lost their belongings including cellphones. Francis says she paid $5,600 for a new phone for David, and while he was waiting for the device, paid two of his colleagues a total of $7,000 so he could borrow their phones. “He kept convincing me that where he was stationed and the conditions that he was living under were so dramatic, so iffy, so touch-and-go, we could be dead any minute,” she said. As they began to plan their future together, David suggested she buy her own engagement ring through a military program that would prove he had a fiancée and allow his release from his three-year military contract. She paid a total of $42,568 for a diamond ring—but when the band arrived in the mail, she saw it had a $9.99 price tag and was actually a chintzy cubic zirconia. The wedding ring wasn’t even enough to release David from his military tour, according to him. David told her “Shawn Porter,” a colleague he claimed handled the sale of military engagement rings, failed to send “paperwork” necessary to get him out, and the online couple had a fight. According to Francis, David and Shawn had instructed her to send money incrementally via a Coin Cloud Bitcoin ATM, which she’d visit sometimes three times a day. She says she would feed $100 bills into the machine to send to David as he stood by on the phone to walk her through the process. “It started out at $1,500 a day,” Francis recalled. “I got Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-08-21 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $406,227,322,988 - Hash Rate: 205767438.2852376 - Transaction Count: 205435.0 - Unique Addresses: 549247.0 Social & AI Sentiment: - Fear & Greed Index: 0.27 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Cryptyde, Inc. SAFETY HARBOR, Florida, Aug. 19, 2022 (GLOBE NEWSWIRE) -- Cryptyde, Inc., or the Company, (NASDAQ: TYDE) a company offering comprehensive, scalable Web3 services utilizing blockchain technologies, NFTs, Smart Contracts, Metaverse and Crypto, announced financial results for the three and six months ended June 30, 2022. The financial statements are available in the Company’s Quarterly Report on Form 10-Q for the period ended June 30, 2022, filed with the Securities and Exchange Commission on August 19, 2022. “We are excited with where we are in such a short period of time operating as an independent company,” said Brian McFadden, President and CEO of Cryptyde, Inc. “We continued to make significant progress with our ambitious growth initiatives within our core verticals over the last quarter and look to continue that momentum forward.” added McFadden. About Cryptyde Cryptyde, Inc. (Nasdaq: TYDE), is focused on leveraging blockchain technologies to disrupt consumer facing industries. http://www.cryptyde.com/ Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements of historical fact could be deemed forward looking, including, but not limited to, the statements regarding the spin-off of the Company from Vinco Ventures, Inc. Words such as “plans,” “expects,” “will,” “anticipates,” “continue,” “expand,” “advance,” “develop” “believes,” “guidance,” “target,” “may,” “remain,” “project,” “outlook,” “intend,” “estimate,” “could,” “should,” and other words and terms of similar meaning and expression are intended to identify forward-looking statements, although not all forward-looking statements contain such terms. Forward-looking statements are based on management’s current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation: risks and uncertainties regarding achievement of the expected benefits of the Company’s spin-off from Vinco Ventures, Inc.; tax treatment of the spin-off; market and other conditions; the risks that the ongoing COVID-19 pandemic may disrupt the Company’s business more severely than it has to date or more severely than anticipated; the inability to develop the planned infrastructure for Cryptyde to offer Bitcoin mining services, unexpected costs, charges or expenses that reduce the Company’s capital resources; the Company’s inability to raise adequate capital to fund its business; the Company’s inability to innovate and attract users for the Company’s products; future legislation and rulemaking negatively impacting digital assets; and shifting public and governmental positions on digital asset mining activity. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. For a discussion of other risks and uncertainties, and other important factors, any of which could cause the Company’s actual results to differ from those contained in the forward-looking statements, see the Company’s filings with the Securities and Exchange Commission (SEC), including the section titled “Risk Factors” in the Company’s Registration Statement on Form 10, as amended, filed with the SEC on May 13, 2022, and the Company’s Registration Statement on Form S-1, filed with the SEC on August 12, 2022. All information in this press release is as of the date of the release, and the Company undertakes no duty to update this information or to publicly announce the results of any revisions to any of such statements to reflect future events or developments, except as required by law. Story continues For further information, please contact: Investor Relations Richard Brown 617-819-1289 [email protected]... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['By Herbert Lash NEW YORK (Reuters) -U.S. shares fell sharply and the dollar surged on Monday as fears mounted that central bank efforts to tame rising consumer prices with inflation-busting interest-rate hikes will weaken the global economy and lead to a recession. Earlier in Europe the benchmark STOXX index for regional shares closed down 1% after Russia\'s Gazprom said it would halt natural gas supplies to Europe for three days at the end of the month. Oil at first fell 4% as traders bet a slowdown would dent demand. But the latest disruption to energy supplies in Europe heightened concerns about the continent\'s economic outlook after hawkish signals from European Central Bank policymakers. Russian natural gas supplies to Europe are down around 75% year on year. A closely monitored recession signal - the inversion of the U.S. Treasuries\' yield curve - widened as the market braced for remarks on Friday from Federal Reserve Chair Jerome Powell, who will discuss at Jackson Hole, Wyoming, the Fed\'s mission to lower inflation. The dollar strengthened, knocking the euro below parity at 0.9944 and pushing the Canadian dollar to breach 1.30 against the greenback. The strong dollar led gold prices to fall to their lowest level in nearly four weeks. "Ahead of Jackson Hole the dollar is going to remain relatively firm, even though it\'s overextended," said Marc Chandler, chief market strategist at Bannockburn Global Forex. Despite a quick shift toward a more hawkish view of the Fed, "the market has this habit of reading Powell to be dovish. So I see the risk of \'buy the rumor,\' - the rumor of a hawkish Fed - and then sell it \'on the fact,\'" he said. Fed funds futures are now pricing in a 54.5% chance of a 75 basis-point hike by the Fed in September, instead of the greater probability of a 50 basis-point hike as the market had expected going into the weekend. A Reuters poll of economists taken Aug. 16-19 forecast the Fed will raise rates by 50 basis points in September, with the risks skewed toward a higher peak. Story continues The Treasury yield curve measuring the gap between yields on two- and 10-year notes inverted to -29.7 basis points after easing a bit last week in a sign recession bets have increased. "The inverted yield curve is signaling a massive \'recession\' is upon us," said Tom di Galoma, managing director at Seaport Global Holdings, in a note to investors. "Yield curve inversions are great predictors of recessions." The Dow Jones Industrial Average closed down 1.91%, the S&P 500 lost 2.14% and the Nasdaq Composite fell 2.55% as all 11 of the major S&P 500 sectors slid. Declining shares outnumbered those advancing by a more than 5:1 ratio on the New York Stock Exchange. The S&P 500 has repeatedly failed to clear its 200-day moving average around 4,320, a sign it would be pulling out of a bear market. The 10-year note rose 4 basis points in price to yield 3.0294%. [US/] One exception to the tightening trend is China, where the central bank trimmed some key lending rates by between 5 and 15 basis points on Monday in a bid to support a slowing economy and a stressed housing sector. Unease over China\'s economy tipped the yuan to a 23-month low, while pressuring stocks across the region. MSCI\'s broadest index of Asia-Pacific shares outside Japan fell 0.97%, while its U.S.-centric index of shares across the globe slid 1.8%. Germany\'s 10-year bond yield set a fresh four- week high of 1.314% as a key gauge of long-term euro zone inflation expectations hit a more than two-month high of 2.207%. The ECB must keep raising rates even if a recession in Germany is increasingly likely, as inflation will stay uncomfortably high all through 2023, Bundesbank President Joachim Nagel said over the weekend. Oil prices bounced off session lows to trade nearly flat in a volatile session after Saudi Arabia\'s energy minister said the Organization of the Petroleum Exporting Countries and its allies could cut production to confront market challenges. U.S. crude futures fell 54 cents to settle at $90.23 a barrel, while Brent settled down 24 cents at $96.48. U.S. gold futures fell 0.8% to settle at $1,748.40 an ounce. Bitcoin was 1.94% lower at $21,096, weighed down by broad risk aversion in markets. (Reporting by Herbert Lash in New YorkAdditional reporting by Lawrence White and Wayne ColeEditing by Catherine Evans and Matthew Lewis)', 'By Herbert Lash\nNEW YORK (Reuters) -U.S. shares fell sharply and the dollar surged on Monday as fears mounted that central bank efforts to tame rising consumer prices with inflation-busting interest-rate hikes will weaken the global economy and lead to a recession.\nEarlier in Europe the benchmark STOXX index for regional shares closed down 1% after Russia\'s Gazprom said it would halt natural gas supplies to Europe for three days at the end of the month.\nOil at first fell 4% as traders bet a slowdown would dent demand. But the latest disruption to energy supplies in Europe heightened concerns about the continent\'s economic outlook after hawkish signals from European Central Bank policymakers. Russian natural gas supplies to Europe are down around 75% year on year.\nA closely monitored recession signal - the inversion of the U.S. Treasuries\' yield curve - widened as the market braced for remarks on Friday from Federal Reserve Chair Jerome Powell, who will discuss at Jackson Hole, Wyoming, the Fed\'s mission to lower inflation.\nThe dollar strengthened, knocking the euro below parity at 0.9944 and pushing the Canadian dollar to breach 1.30 against the greenback. The strong dollar led gold prices to fall to their lowest level in nearly four weeks.\n"Ahead of Jackson Hole the dollar is going to remain relatively firm, even though it\'s overextended," said Marc Chandler, chief market strategist at Bannockburn Global Forex.\nDespite a quick shift toward a more hawkish view of the Fed, "the market has this habit of reading Powell to be dovish. So I see the risk of \'buy the rumor,\' - the rumor of a hawkish Fed - and then sell it \'on the fact,\'" he said.\nFed funds futures are now pricing in a 54.5% chance of a 75 basis-point hike by the Fed in September, instead of the greater probability of a 50 basis-point hike as the market had expected going into the weekend.\nA Reuters poll of economists taken Aug. 16-19 forecast the Fed will raise rates by 50 basis points in September, with the risks skewed toward a higher peak.\nThe Treasury yield curve measuring the gap between yields on two- and 10-year notes inverted to -29.7 basis points after easing a bit last week in a sign recession bets have increased.\n"The inverted yield curve is signaling a massive \'recession\' is upon us," said Tom di Galoma, managing director at Seaport Global Holdings, in a note to investors. "Yield curve inversions are great predictors of recessions."\nThe Dow Jones Industrial Average closed down 1.91%, the S&P 500 lost 2.14% and the Nasdaq Composite fell 2.55% as all 11 of the major S&P 500 sectors slid.\nDeclining shares outnumbered those advancing by a more than 5:1 ratio on the New York Stock Exchange.\nThe S&P 500 has repeatedly failed to clear its 200-day moving average around 4,320, a sign it would be pulling out of a bear market.\nThe 10-year note rose 4 basis points in price to yield 3.0294%. [US/]\nOne exception to the tightening trend is China, where the central bank trimmed some key lending rates by between 5 and 15 basis points on Monday in a bid to support a slowing economy and a stressed housing sector.\nUnease over China\'s economy tipped the yuan to a 23-month low, while pressuring stocks across the region.\nMSCI\'s broadest index of Asia-Pacific shares outside Japan fell 0.97%, while its U.S.-centric index of shares across the globe slid 1.8%.\nGermany\'s 10-year bond yield set a fresh four- week high of 1.314% as a key gauge of long-term euro zone inflation expectations hit a more than two-month high of 2.207%.\nThe ECB must keep raising rates even if a recession in Germany is increasingly likely, as inflation will stay uncomfortably high all through 2023, Bundesbank President Joachim Nagel said over the weekend.\nOil prices bounced off session lows to trade nearly flat in a volatile session after Saudi Arabia\'s energy minister said the Organization of the Petroleum Exporting Countries and its allies could cut production to confront market challenges.\nU.S. crude futures fell 54 cents to settle at $90.23 a barrel, while Brent settled down 24 cents at $96.48.\nU.S. gold futures fell 0.8% to settle at $1,748.40 an ounce.\nBitcoin was 1.94% lower at $21,096, weighed down by broad risk aversion in markets.\n(Reporting by Herbert Lash in New YorkAdditional reporting by Lawrence White and Wayne ColeEditing by Catherine Evans and Matthew Lewis)', 'By Herbert Lash NEW YORK (Reuters) -U.S. shares fell sharply and the dollar surged on Monday as fears mounted that central bank efforts to tame rising consumer prices with inflation-busting interest-rate hikes will weaken the global economy and lead to a recession. Earlier in Europe the benchmark STOXX index for regional shares closed down 1% after Russia\'s Gazprom said it would halt natural gas supplies to Europe for three days at the end of the month. Oil at first fell 4% as traders bet a slowdown would dent demand. But the latest disruption to energy supplies in Europe heightened concerns about the continent\'s economic outlook after hawkish signals from European Central Bank policymakers. Russian natural gas supplies to Europe are down around 75% year on year. A closely monitored recession signal - the inversion of the U.S. Treasuries\' yield curve - widened as the market braced for remarks on Friday from Federal Reserve Chair Jerome Powell, who will discuss at Jackson Hole, Wyoming, the Fed\'s mission to lower inflation. The dollar strengthened, knocking the euro below parity at 0.9944 and pushing the Canadian dollar to breach 1.30 against the greenba Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-08-22 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $401,974,967,275 - Hash Rate: 204358072.2695853 - Transaction Count: 250534.0 - Unique Addresses: 629040.0 Social & AI Sentiment: - Fear & Greed Index: 0.29 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: HIVE Blockchain Technologies Ltd. This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated February 2, 2021 to its amended and restated short form base shelf prospectus dated January 4, 2022. VANCOUVER, British Columbia, Aug. 05, 2022 (GLOBE NEWSWIRE) -- HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (Nasdaq:HIVE) (FSE:HBFA.F) (the “Company” or “HIVE”) is pleased to announce the production figures from the Company’s global Bitcoin and Ethereum mining operations for the month of July 2022, with a BTC HODL balance of 3,091 Bitcoin and 6,820 Ethereum as of August 4, 2022. July 2022 Production Figures HIVE is pleased to announce its July 2022 production figures and mining capacity: 279.9 BTC Produced 2.2 Exahash of Bitcoin mining capacity at beginning of July Increased to 2.26 Exahash of Bitcoin mining capacity during the month of July, with an average hashrate of 2.03 Exahash of Bitcoin mining capacity during the month of July 2,957 ETH Produced* 5.77 Terahash of Ethereum mining capacity at beginning of July, some miners were taken offline temporarily for layout optimization due to higher summer temperatures 6.49 Terahash of Ethereum mining capacity at end of July, with an average hashrate of 6.19 Terahash of Ethereum mining capacity during the month of July The Company’s production of ETH from GPU mining (including selective optimizations of GPU hashrate) has yielded a total ETH production of 2,957 ETH. Frank Holmes, Executive Chairman of HIVE stated, “In July we produced an average of 15.0 Bitcoin Equivalent per day, comprised of approximately 9.0 BTC per day and our Ethereum production of approximately 95 Ethereum per day. We are pleased to note that as of today, we are producing approximately 10 BTC a day in addition to approximately 95 Ethereum per day.” Aydin Kilic, President & COO of HIVE noted, “We continue to strive for operational excellence, ensuring that as we scale our hashrate, we also optimize our uptime, to ensure ideal Bitcoin and Ethereum output figures.” Mr. Kilic continued, “We also would like to provide an update on the BTC and ETH equivalency, where one can equate value of the coins produced daily. As such the ETH that HIVE produced during the month of July, equated on a daily basis, is approximately equal a monthly total of 185.2 BTC, which we refer to as Bitcoin Equivalent or BTC Equivalent. This is in addition to the 279.9 BTC produced from our Bitcoin mining operations during July, for a total of 465.1 Bitcoin equivalent” The Company’s total Bitcoin Equivalent production in July 2022 was: Story continues 465.1 BTC Equivalent Produced 15.0 BTC Equivalent produced per day on average 3.77 Exahash of BTC Equivalent Hashrate (BTC hashrate plus equivalent ETH hashrate) as of July 31), with average hashrate of 3.36 Exahash of BTC Equivalent hashrate throughout July Ethereum Outlook and Strategy The Company acknowledges there has been recent discussions surrounding the potential Ethereum “Merge” to Proof of Stake (“PoS”). With respect to a timeline to PoS, the Company notes that a specific block for the Ethereum Merge has not been specified. Until a specific block has been identified and universally accepted by the Ethereum Foundation, the Company believes it is indeterminate if or when the Merge will happen. For comparison, every Bitcoin halving event is at a specifically prescribed block height (notably, every 210,000 blocks). HIVE acknowledges there could be execution risk in implementing a business strategy if Ethereum goes to PoS, and we believe there will be continued demand for GPU based Proof of Work (“PoW”) mining. As such, the Company has a strategy in the event the Merge occurs. HIVE believes there is intrinsic value in a broadly decentralized PoW blockchain with Layer 2 smart contracts, as the majority of such projects exist on the Ethereum blockchain. If NFT and DeFi developers realize that a secure PoW Layer 1 blockchain is the best playing field for their code-based projects, there could be an increase in Layer 2 applications on the Ethereum Classic blockchain, after the Merge. The Company has already commenced case studies, analyzing hashrate economics of Ethereum Classic and other GPU mineable coins at an industrial scale. HIVE has also been performing GPU optimizations throughout calendar 2022, which are proprietary and provide the Company with a competitive edge. If the Merge occurs, the Company expects that there will be a competitive edge required in technical proficiency as GPU mining is more involved than ASIC mining. It reasons that companies or hobby miners who are the best at GPU optimizations, will prosper. We expect that there will be more algorithmic driven application of GPU mining, where users may mine several coins. This will be in addition to the competitive edge miners typically seek of having the best energy economics, so they have the lowest operating cost per hash generated. GPU miners will need to have a low cost of hashing, while also being innovative to drive the highest yield (revenue) per hash, through optimizations. GPUs which currently mine Ethereum are only one facet of HIVE’s operations which complements its fleet of Bitcoin mining ASICs. HIVE’s GPU fleet is comprised of two types of cards, our legacy fleet comprised mostly of RX580s, and can be repurposed for other GPU mineable coins. The second type being our data center grade cards, namely our Nvidia fleet which we announced last year when we joined the Nvidia Partner Network; these cards have other applications in high-performance computing (HPC) applications. HIVE has been developing a new platform for our data center grade cards to create new streams of revenue. The Company foresees the creation of new streams of revenues from GPUs, such as providing HPC services for rendering, AI, ML, molecular modelling, etc. New Brunswick Power Costs HIVE has navigated several months of high energy prices in New Brunswick (“NB”) at its data center campus, which have affected all businesses that are customers with interruptible energy contracts. Mr. Kilic noted “The interruptible energy rates in New Brunswick have historically been between 3.5 to 4.5 cents USD per KWHR, based on annual averages over the last decade.” HIVE also has a portion of the total electrical load in NB as fixed power at approximately 6 cents per KWHR USD. In the Company’s fiscal Q4 2022 (January to March 2022), the power rates in NB based on the Company’s usage (blended fixed and interruptible power) were approximately 12 cents per KWHR for 46MW of capacity. Mr. Kilic continued “A benefit of being globally diversified, with 6 data centers in three countries, HIVE’s other facilities enjoyed power costs of approximately 3.5 cents per KWHR for approximately 54MW of operating capacity.” Taking into consideration the average of HIVE’s global operating costs for electricity, data center staff and maintenance for all facilities in Q4 2022, the total cost was approximately 7.5 cents per KWHR USD, based on a global average operating footprint of 114MW, compared to revenue of $49.8M USD (as noted in the Company’s audited fiscal 2022 financial statements), which equates to approximately $0.20 per KWHR. The Company notes that it was able to profitably mine crypto currencies during these periods, thus maximizing coin production. Since then, the Company’s average global operating costs for electricity, data center staff and maintenance, in New Brunswick have improved significantly, as the Company has enacted strategies to avoid high interruptible power prices in NB, which may include from time to time, reducing consumption during periods of peak interruptible power. In fiscal Q1 2023 (April to June 2022), the Company’s average power costs in NB have been 7.4 cents per KWHR USD, utilizing approximately 52MW on average, and globally operating costs for electricity, data center staff and maintenance for all facilities is approximately 5.5 cents per KWHR based on a global average operating footprint of approximately 126MW. Network Mining Difficulty The Bitcoin network difficulty decreased 6.5% during the month of July. The Ethereum network difficulty had a sudden difficulty decrease of almost 20% at the end of June, which was followed by a slight and gradual increase of 1.6% during the month of July. These factors impact our gross profit margins. About HIVE Blockchain Technologies Ltd. HIVE Blockchain Technologies Ltd. went public in 2017 as the first cryptocurrency mining company with a green energy and ESG strategy. HIVE is a growth-oriented technology stock in the emergent blockchain industry. As a company whose shares trade on a major stock exchange, we are building a bridge between the digital currency and blockchain sector and traditional capital markets. HIVE owns state-of-the-art, green energy-powered data centre facilities in Canada, Sweden, and Iceland, where we source only green energy to mine on the cloud both Ethereum and Bitcoin. Since the beginning of 2021, HIVE has held in secure storage the majority of its ETH and BTC coin mining rewards. Our shares provide investors with exposure to the operating margins of digital currency mining, as well as a portfolio of cryptocurrencies such as ETH and BTC. Because HIVE also owns hard assets such as data centers and advanced multi-use servers, we believe our shares offer investors an attractive way to gain exposure to the cryptocurrency space. We encourage you to visit HIVE’s YouTube channel here to learn more about HIVE. For more information and to register to HIVE’s mailing list, please visit www.HIVEblockchain.com . Follow @HIVEblockchain on Twitter and subscribe to HIVE’s YouTube channel . On Behalf of HIVE Blockchain Technologies Ltd. “Frank Holmes” Executive Chairman For further information please contact: Frank Holmes Tel: (604) 664-1078 Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defin... - Reddit Posts (Sample): [['u/i8thepickles', 'Switching btc for monero', 33, '2022-08-22 00:16', 'https://www.reddit.com/r/Monero/comments/wubyly/switching_btc_for_monero/', 'Can someone reccomend a way to convert btc into Xmr?', 'https://www.reddit.com/r/Monero/comments/wubyly/switching_btc_for_monero/', 'wubyly', [['u/ivanivienen', 11, '2022-08-22 00:24', 'https://www.reddit.com/r/Monero/comments/wubyly/switching_btc_for_monero/il8ypnu/', 'Bisq, Majesticbank, localmonero…', 'wubyly'], ['u/XMR-Boating-Accident', 11, '2022-08-22 00:46', 'https://www.reddit.com/r/Monero/comments/wubyly/switching_btc_for_monero/il91q70/', 'Cake wallet. You can buy/send in BTC and convert it into XMR.', 'wubyly'], ['u/blario', 14, '2022-08-22 02:14', 'https://www.reddit.com/r/Monero/comments/wubyly/switching_btc_for_monero/il9d528/', 'Orangefren.com', 'wubyly'], ['u/schlyza', 31, '2022-08-22 07:41', 'https://www.reddit.com/r/Monero/comments/wubyly/switching_btc_for_monero/iladelw/', 'Check out https://kycnot.me or https://orangefren.com', 'wubyly'], ['u/Jomi2013', 11, '2022-08-22 13:47', 'https://www.reddit.com/r/Monero/comments/wubyly/switching_btc_for_monero/ilb5svo/', "That's an excellent site to do it, this is some good stuff man.", 'wubyly']]], ['u/xandens', 'The perfect MTA', 40, '2022-08-22 01:14', 'https://www.reddit.com/r/nycrail/comments/wudaqt/the_perfect_mta/', 'what i think the perfect mta looks like is\n\ngreat management and leadership\n\nspends its money wisely\n\nwants to get projects done\n\nall popular extension proposals are finished (including N train extension to LGA)\n\nA Division lines converted into B Division\n\nsubway and SIR will be fully accessible, CBTC, R211s\n\nsubway, railroads will be quad or double tracked\n\nLIRR is fully electric and fleet is only M9s\n\nMNR is only M9s (New Haven Line gets special M9s)\n\nSI will connect to Manhattan and Brooklyn and New Jersey\n\nLower Montauk Branch reopened for passenger use\n\nLIRR Rockaway Branch reopened for passenger use (QueensLink)\n\nSea Beach Line reconfigured for express and local like Brighton\n\nexpress stops: new utrecht ave, kings highway, 86 st\n\nadditional lines made for express stations\n\ncommunter rail headways are 10 min (weekdays)\n\nsubway headways 2 min (weekdays)\n\ntell me if i missed anything', 'https://www.reddit.com/r/nycrail/comments/wudaqt/the_perfect_mta/', 'wudaqt', [['u/Narrow_Carpet_5133', 23, '2022-08-22 01:24', 'https://www.reddit.com/r/nycrail/comments/wudaqt/the_perfect_mta/il96s6y/', 'Why does A division need to be converted, why do more subway lines need to be quad tracked and why does Sea Beach need express stations?', 'wudaqt'], ['u/thatblkman', 17, '2022-08-22 01:25', 'https://www.reddit.com/r/nycrail/comments/wudaqt/the_perfect_mta/il96x1i/', 'Honestly, given how NYCTA and MTA were “created” to insulate transport from political considerations and still ends up being effed by political considerations, I don’t think it’s “bad” - just making marginal decisions because of bad politicians trying to please or not offend angry constituencies.\n\nI’m more inclined to hate Port Authority bc of the high ass tolls and AirTrain fares but no real accounting of where the money actually goes and why tolls and fares are more likely subsidizing port ops than port ops subsidizing bridge and train ops.', 'wudaqt'], ['u/dr_memory', 11, '2022-08-22 01:32', 'https://www.reddit.com/r/nycrail/comments/wudaqt/the_perfect_mta/il97rtu/', "\\- OPTO on all lines, full auto on at least SIR and the shuttles\n\n\\- BRT cross-bronx connector on Fordham Road / Pelham Parkway as a prelude to a cut-and-cover B division line\n\n\\- fare integration with PATH\n\n\\- C train extended across the GWB and down Bergenline/Central to connect with PATH at Journal Square\n\nIn general I'd just like to see the MTA run as a transit system aiming to move the maximum number of people in the minimum amount of time rather than as a jobs program that occasionally remembers to run a few trains and busses.", 'wudaqt'], ['u/Kufat', 51, '2022-08-22 04:16', 'https://www.reddit.com/r/nycrail/comments/wudaqt/the_perfect_mta/il9s7l0/', "2nd Ave Line extended to Montreal because I'm in the mood for poutine", 'wudaqt'], ['u/fleker2', 29, '2022-08-22 07:15', 'https://www.reddit.com/r/nycrail/comments/wudaqt/the_perfect_mta/ilab5l8/', 'Busses could be much more frequent and have more infrastructure everywhere. I want those little bus shelters with arrival time signs at every stop.', 'wudaqt'], ['u/IIAOPSW', 12, '2022-08-22 16:33', 'https://www.reddit.com/r/nycrail/comments/wudaqt/the_perfect_mta/ilbqpnk/', 'The L train extended all the way until it merges with the Chicago L.', 'wudaqt'], ['u/Kufat', 12, '2022-08-22 17:14', 'https://www.reddit.com/r/nycrail/comments/wudaqt/the_perfect_mta/ilbwvff/', 'This would serve the humanitarian goal of allowing the people of Chicago to have access to actual pizza.', 'wudaqt']]], ['u/ta1no', 'Unpopular Opinion: most people that buy HEX are still degens and rekt plebs', 16, '2022-08-22 03:02', 'https://www.reddit.com/r/HEXcrypto/comments/wufnc6/unpopular_opinion_most_people_that_buy_hex_are/', 'Most people that buy HEX don\'t even really understand it, and that\'s a fact... That\'s why they keep HEX liquid and only 9-10% of HEX is staked... They only bought to chase a pump, because they are still degens... The ones that truly understand the HEX staking contract find it VERY difficult to keep HEX liquid and instead they stake everything they can like I do... Every HEX token in my wallet that\'s NOT staked is a token that\'s NOT generating yield for me and multiplying, and I don\'t like that... I keep a very small bag liquid, but most of my HEX is staked making me more HEX while I sleep... And I keep buying more and making new stakes as much as possible.\n\nI will never sell one of my stake\'s original amount of HEX (my principal), I will only sell my stake\'s yield, for as long as HEX exists... Then, I will re-stake the principal and repeat, creating passive income... One day there will be MANY others with the same mentality I have, and the HEX price will be so high, that nobody today can even fathom it, just like they couldn\'t with Bitcoin. If your whole HEX bag is liquid, you don\'t understand HEX and you are not using it as intended... But it\'s okay because NOBODY that held BTC when it was less than $1 made it to see the gains when it reached $69k, NOBODY... Not even Satoshi (because he/she is probably dead)...\n\nCreating a HEX staking ladder will not only ensure I see those crazy gains in 15 yrs, but I will see gains long before that because I have stakes ending every year for the next 15+ yrs... So if HEX reaches $50 in 3-5 yrs or $100 in 8-10 yrs, I don\'t have to EES any of my stakes to see some profits... I will have a stake ending that year already... And the year before, and the year after, and so on... I don\'t trust people (banks, brokers aka middlemen), but I do trust code, and the code will run until the Ethereum blockchain stops running, and even if so it will still run on PulseChain when it launches as well...\n\nSitting there waiting for pumps while Tshares get more expensive every day is a big mistake... Stake $500 worth of HEX for 5555 and you will take a small risk for a possible HUGE gain in the future... Most of you spend more than that on lottery tickets per year... Then, keep staking as you see fit for any amount of time you wish to create a staking ladder, and you will probably outperform your other "retirement" plans with HEX, and much sooner than paying 30yrs into your 401k that\'s tied to the S&P 500 and therefore has counterparty risk (unlike HEX)... STOP THINKING LIKE A PESSIMISTIC REKT PLEB!😵\n\nEDIT: and if for some reason this post triggers your emotions and offends you, then you might be a rekt pleb... but for every 100 of you that get triggered there will be 1 or 2 that realize what I say is straight knowledge and will change their lives!', 'https://www.reddit.com/r/HEXcrypto/comments/wufnc6/unpopular_opinion_most_people_that_buy_hex_are/', 'wufnc6', [['u/C_Monkeyy', 10, '2022-08-22 03:54', 'https://www.reddit.com/r/HEXcrypto/comments/wufnc6/unpopular_opinion_most_people_that_buy_hex_are/il9pkql/', 'Why not let them stay unstaked. It keeps the apy high! They want to trade win or lose money that’s on them. Everyone is in crypto for their own reasons. Who am I kidding I’m 100% staked!', 'wufnc6']]], ['u/DipToPeak', 'Is there a real mathematical proof that DCA beats a lump sum purchase?', 10, '2022-08-22 05:26', 'https://www.reddit.com/r/BitcoinBeginners/comments/wuimse/is_there_a_real_mathematical_proof_that_dca_beats/', 'Obviously asking this in the context of buying bitcoin ...', 'https://www.reddit.com/r/BitcoinBeginners/comments/wuimse/is_there_a_real_mathematical_proof_that_dca_beats/', 'wuimse', [['u/AlternativeGazelle', 10, '2022-08-22 09:57', 'https://www.reddit.com/r/BitcoinBeginners/comments/wuimse/is_there_a_real_mathematical_proof_that_dca_beats/ilanrto/', 'Other way around. Studies show that lump sum beats DCA more often than not. But it’s more high risk/high reward.', 'wuimse']]], ['u/AutoModerator', '[Daily Discussion] - Monday, August 22, 2022', 48, '2022-08-22 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/wujazg/daily_discussion_monday_august_22_2022/', "Thread topics include, but are not limited to:\n\n General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'ht... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin and Ether were mixed Tuesday morning in Asia, while Solana led the downturn in the rest of the cryptocurrencies in the top 10 by market capitalization. Most of the Top 10 are seeing double-digit price declines over the last seven days. See related article: Markets: Bitcoin, Ether dip; DOGE, SHIB slide; Jackson Hole, Merge in focus Fast facts Bitcoin was trading down 0.6% to US$21,399 in the 24 hours to 8 a.m. in Hong Kong, while Ethereum was up a marginal 0.2% at US$1,621, according to CoinMarketCap . Solana fell 2.9% to US$35.44 after hitting a six-week low of US$33.92 overnight. Dogecoin was down 1.4% to US$0.068 after falling to a three-week low of US$0.065. The malaise in crypto markets reflects a dour day in U.S. equities, with stocks posting their biggest drop in two months overnight. The Dow Jones Industrial Average and the S&P 500 Index both closed down around 2% on Monday, while the Nasdaq Composite Index fell over 2.5%. Investors remain concerned about further rises in interest rates in the U.S. to slow inflation. Some guidance on that may come this Friday from the Federal Reserve’s annual economic policy symposium at Jackson Hole, Wyoming. Meanwhile, in China, the world’s second-largest economy, a slowdown is more of the concern, with the monetary authorities cutting interest rates for the second time in a week on Monday to try and reverse a slump in industrial production, construction and real estate. Recent heat waves in China are adding to problems as subsequent droughts have led to hydroelectric power shortages and outages in some regions, reducing manufacturing capacity. See related article: Crypto winter may be just what DeFi needs to grow and thrive', 'Bitcoin and Ether were mixed Tuesday morning in Asia, while Solana led the downturn in the rest of the cryptocurrencies in the top 10 by market capitalization. Most of the Top 10 are seeing double-digit price declines over the last seven days.\nSee related article:Markets: Bitcoin, Ether dip; DOGE, SHIB slide; Jackson Hole, Merge in focus\n• Bitcoin was trading down 0.6% to US$21,399 in the 24 hours to 8 a.m. in Hong Kong, while Ethereum was up a marginal 0.2% at US$1,621,according to CoinMarketCap.\n• Solana fell 2.9% to US$35.44 after hitting a six-week low of US$33.92 overnight. Dogecoin was down 1.4% to US$0.068 after falling to a three-week low of US$0.065.\n• The malaise in crypto markets reflects a dour day in U.S. equities, with stocks posting their biggest drop in two months overnight. The Dow Jones Industrial Average and the S&P 500 Index both closed down around 2% on Monday, while the Nasdaq Composite Index fell over 2.5%.\n• Investors remain concerned about further rises in interest rates in the U.S. to slow inflation. Some guidance on that may come this Friday from the Federal Reserve’s annual economic policy symposium at Jackson Hole, Wyoming.\n• Meanwhile, in China, the world’s second-largest economy, a slowdown is more of the concern, with the monetary authoritiescutting interest ratesfor the second time in a week on Monday to try and reverse a slump in industrial production, construction and real estate.\n• Recent heat waves in China are adding to problems as subsequent droughts have led to hydroelectric power shortages and outages in some regions, reducing manufacturing capacity.\nSee related article:Crypto winter may be just what DeFi needs to grow and thrive', 'Bitcoin and Ether were mixed Tuesday morning in Asia, while Solana led the downturn in the rest of the cryptocurrencies in the top 10 by market capitalization. Most of the Top 10 are seeing double-digit price declines over the last seven days.\nSee related article:Markets: Bitcoin, Ether dip; DOGE, SHIB slide; Jackson Hole, Merge in focus\n• Bitcoin was trading down 0.6% to US$21,399 in the 24 hours to 8 a.m. in Hong Kong, while Ethereum was up a marginal 0.2% at US$1,621,according to CoinMarketCap.\n• Solana fell 2.9% to US$35.44 after hitting a six-week low of US$33.92 overnight. Dogecoin was down 1.4% to US$0.068 after falling to a three-week low of US$0.065.\n• The malaise in crypto markets reflects a dour day in U.S. equities, with stocks posting their biggest drop in two months overnight. The Dow Jones Industrial Average and the S&P 500 Index both closed down around 2% on Monday, while the Nasdaq Composite Index fell over 2.5%.\n• Investors remain concerned about further rises in interest rates in the U.S. to slow inflation. Some guidance on that may come this Friday from the Federal Reserve’s annual economic policy symposium at Jackson Hole, Wyoming.\n• Meanwhile, in China, the world’s second-largest economy, a slowdown is more of the concern, with the monetary authoritiescutting interest ratesfor the second time in a week on Monday to try and reverse a slump in industrial production, construction and real estate.\n• Recent heat waves in China are adding to problems as subsequent droughts have led to hydroelectric power shortages and outages in some regions, reducing manufacturing capacity.\nSee related article:Crypto winter may be just what DeFi needs to grow and thrive', 'VANCOUVER, British Columbia, Aug. 22, 2022 (GLOBE NEWSWIRE) -- DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) (FRANKFURT: 6AX) (“DMG” or the “Company”), a vertically integrated blockchain and cryptocurrency technology company, announces John D. (J.D.) Abouchar has been appointed as a new independent Board Director and member of the Audit Committee.\nDMG also announces that independent Board Director, Nick Seto has resigned, effective August 22, 2022. Mr. Seto has served on DMG’s board for three years and has stepped into a new consulting role for DMG. We thank him for his service since DMG’s early days of mining.\nMr. Abouchar brings a wealth of experience to the DMG board. He is the founder and managing partner of Glass Creek Partners, Inc., an investment and consulting firm focusing on publicly listed emerging technology companies. Mr. Abouchar has significant capital markets experience over the past 30 years as a portfolio manager, technology equity research analyst and board member of several U.S. publicly listed companies. Recently, he was Chairman of the Board of Cynergistek (AMEX: CTEK), a cybersecurity firm, for which he was instrumental in re-incorporating the company and uplisting it to a major US exchange. He holds a B.S. in Economics from the Wharton School at the University of Pennsylvania.\nIn addition to joining the Audit Committee, J.D. will be focused on corporate governance and shareholder engagement. “As we responsibly and profitably grow DMG and enter our next stage of development, J.D. will help us to target a wider pool of institutional investors, lend his capital markets experience with investment banks and US securities exchanges and further develop our corporate governance and shareholder outreach,” stated CEO Sheldon Bennett.\n“Sheldon and the team at DMG have done an admirable job in founding and growing the business into the enterprise it is today,” added Mr. Abouchar. “I am honored to be joining the board and look forward to bringing my experience with business development and strategic planning to accelerate the exciting work DMG is doing in the rapidly evolving blockchain technology industry. My goal is to help management engage shareholders, evaluate uplisting opportunities, attract analyst coverage and work with the team to maximize shareholder value.”\nGrant of Stock Options\nBoard Directors, Mr. J.D. Abouchar and Mr. Kelly Allin, have been each awarded 200,000 stock options, exercisable at a price of $0.33 per share for a period of five years from the date of grant.\nAbout DMG Blockchain Solutions Inc.\nDMG is an environmentally friendly vertically integrated blockchain and cryptocurrency company that manages, operates, and develops end-to-end digital solutions to monetize the blockchain ecosystem. DMG\'s sustainable businesses are segmented into two business lines under the Core and Core+ strategies and unified through DMG\'s vertical integration.\nFuture changes in the Bitcoin network-wide mining difficulty rate or Bitcoin hashrate may materially affect the future performance of DMG\'s production of Bitcoin, and future operating results could also be materially affected by the price of Bitcoin and an increase in hashrate mining difficulty.\nFor more information on DMG Blockchain Solutions visit:www.dmgblockchain.com\nFollow@dmgblockchain on Twitterand subscribe toDMG\'s YouTube channel.\nOn behalf of the Board of Directors,\nSheldon Bennett, CEO and Director\nFor further information, please contact:DMG Blockchain Solutions Inc.Email:[email protected]:www.dmgblockchain.com\nInvestor Relations Contact:CORE IR (516) 222-2560For Media Inquiries:Jules Abraham, Head of CommunicationsCORE IR(917) [email protected]\nNeither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.\nCautionary Note Regarding Forward-Looking Information\nThis news release contains forward-looking information or statements based on current expectations. Forward-looking statements contained in this news release include statements regarding the targeting of a wider pool of institutional investors, and further develop corporate governance and shareholder outreach, potential uplisting opportunities and attracting analyst coverage, events, courses of action, and the potential of the Company\'s technology and operations, among others, are all forward-looking information.\nForward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "be Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-08-23 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $413,850,004,869 - Hash Rate: 242410954.69219768 - Transaction Count: 256928.0 - Unique Addresses: 641154.0 Social & AI Sentiment: - Fear & Greed Index: 0.28 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Congressional Democrats are calling on the Environmental Protection Agency and Department of Energy to address the recent proliferation of cryptocurrency mining within the US. In a letter sent Friday (via The Guardian ), Senator Elizabeth Warren and five other lawmakers said the two agencies should work together to require crypto mining firms to disclose their energy use and emissions. The request comes after the group recently completed an investigation that began at the start of the year. According to the letter, data collected from seven of the largest mining companies in the US, including Stronghold, Bitfury and Riot, indicates they can collectively use more than 1 gigawatt of electricity. Put another way, that’s almost enough to power all the residential buildings in Houston. Warren and the other lawmakers say they’re concerned about what all that power use will mean for the environment and consumers. Regarding the former, they state that emissions data from three of the surveyed companies indicate they emit approximately 1.6 million tons of CO2 annually or the equivalent of the tailpipe emissions of almost 360,000 cars. “Bitcoin miners are using huge quantities of electricity that could be used for other priority end uses that contribute to our electrification and climate goals, such as replacing home furnaces with heat pumps,” the letter states. On the latter point, the lawmakers cite a 2021 study from the University of California, Berkeley that estimated crypto mining in upstate New York raised annual electricity bills by approximately $165 million for small businesses and $79 million for consumers. What's more, they say their investigation doesn’t even scratch the surface of the full impact of crypto mining on power use and emissions in the US. “None of the companies provided full and complete information in response to our questions,” they note. “The results of our investigation, which gathered data from just seven companies, are disturbing, with this limited data alone revealing that crypto miners are large energy users that account for a significant – and rapidly growing – amount of carbon emissions,” the letter states. By requiring crypto mining firms to disclose their energy use and emissions, the group says the EPA and Department of Energy could provide lawmakers with better data to inform future policy decisions. The agencies have until August 15th to respond to the request.... - Reddit Posts (Sample): [['u/TarkovReddit0r', 'It’s been around 9 months of bear market now - what do you think hasn’t happened yet ?', 612, '2022-08-23 00:54', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/', 'To summarize quickly what has happened:\n\n- a top alt coin and it’s stablecoin went to pretty much 0$\n\n- bitcoin has dropped -50%, climbed back up +66% just to fall again -66%\n\n- multiple exchanges took a heavy hit laying off workers and losing a lot of value\n\n- DEFI is losing trust \n\n- lenders like Celsius are bankrupt \n\n- NFT hype is in a freefall\n\n- crypto market cap has fallen from 1.6T to 650B USD$\n\nAnd outside of crypto we entered a recession, war, big inflation, housing market unstable, Chinese economy unstable, energy crisis in Europe and Covid / others are still around.\n\n*HOWEVER* I think we can all agree if we would’ve known all these things nobody would guess BTC would still be above 20k. And institutions are still trusting crypto as the recent pumps have shown as soon as the stock market has a relief.\n\nBut now comes the question:\n\nWhat is something you’ve been expecting to happen over the last months?\n\nSomething I’ve been waiting for is kinda a shake out of top alts and them getting replaced by new once. So far it looks like ( beside LUNA ofc ) nothing big has happened to the top 15 ranks. A few switched places but there’s no newcomer nor have others fell off.', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/', 'wv7vhi', [['u/karmanopoly', 45, '2022-08-23 00:56', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/ilduesw/', "The bottom hasn't happened yet.\n\n10 or 12k would be max pain", 'wv7vhi'], ['u/iPhone40', 51, '2022-08-23 00:58', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/ilduk6f/', 'The merge still hasn’t happened yet lol\n\nAlso Safemoon still hasn’t mooned', 'wv7vhi'], ['u/Odlavso', 19, '2022-08-23 00:59', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/ildusvr/', "I'm still waiting for the suicide hotline to be pinned. \n \nIsn't that supposed to signal the bottom?", 'wv7vhi'], ['u/IndubitablyBen', 11, '2022-08-23 01:00', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/ilduysi/', '$10,000 bitcoin', 'wv7vhi'], ['u/PopeyesGreenSpinach', 12, '2022-08-23 01:01', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/ildv36l/', 'Full on capitulation.', 'wv7vhi'], ['u/Slainte042', 17, '2022-08-23 01:03', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/ildv8y1/', 'The collapse of Tether.', 'wv7vhi'], ['u/deathbyfish13', 225, '2022-08-23 01:04', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/ildvhoj/', ">what do you think hasn't happened yet?\n\nWell speaking from experienc, I haven't made the millions of dollars I was promised when first getting into crypto lol. I thought it was meant to be \n- Buy bitcoin \n- ??? \n- Get lambo \n\nWhat gives?", 'wv7vhi'], ['u/deathbyfish13', 15, '2022-08-23 01:05', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/ildvl8j/', 'I thought it was pinned after the Luna fiasco?', 'wv7vhi'], ['u/Goonzoo', 17, '2022-08-23 01:08', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/ildvz39/', 'If we keep saying it might not happen!\n\nbecause sub is never right', 'wv7vhi'], ['u/surrender_the_juice', 38, '2022-08-23 01:08', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/ildw1xg/', 'My wife hasn’t come back yet.', 'wv7vhi'], ['u/AlligatorDerby', 25, '2022-08-23 01:10', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/ildw97x/', "Freedom Hasn't Expanded any...", 'wv7vhi'], ['u/CymandeTV', 112, '2022-08-23 01:11', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/ildwfir/', 'The bear market.', 'wv7vhi'], ['u/TarkovReddit0r', 12, '2022-08-23 01:12', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/ildwi7n/', '10k would be insane\n\nWhile I don’t want it to happen I kinda want to see the chaos ![gif](emote\|emo_pack_1\|candle_shaking)', 'wv7vhi'], ['u/DadofHome', 82, '2022-08-23 01:17', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/ildx452/', 'After 9 months I get cute baby bears .. right ?', 'wv7vhi'], ['u/MyFinancesMatter_', 27, '2022-08-23 01:33', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/ildz9g2/', 'Yeah, I really dont think its hit its absolute bottom yet.', 'wv7vhi'], ['u/notyourbroguy', 133, '2022-08-23 01:39', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/ile00vm/', 'Did you try turning it off and then on again?', 'wv7vhi'], ['u/classysax4', 11, '2022-08-23 01:42', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/ile0cgi/', 'You would also never expect that major stock indexes would be within 20% of their ATH. We haven’t seen the real drops yet.', 'wv7vhi'], ['u/bigglesmac', 29, '2022-08-23 02:01', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/ile2st5/', 'Defi collapses? Did I miss that week?', 'wv7vhi'], ['u/webb32503', 41, '2022-08-23 02:05', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/ile3cqn/', "Be patient, the major drop hasn't come yet. Let's see after the merge.", 'wv7vhi'], ['u/evelynvee', 75, '2022-08-23 02:07', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/ile3l69/', 'Bear market not bottomed until safemooners realized they have been scammed.', 'wv7vhi'], ['u/Automatic_Taste_7242', 20, '2022-08-23 02:12', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/ile485s/', 'Sooo never?', 'wv7vhi'], ['u/Automatic_Taste_7242', 40, '2022-08-23 02:17', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/ile4wef/', "If that doesn't solve it, the problem is somewhere between the seat and the keyboard.", 'wv7vhi'], ['u/SuleyGul', 19, '2022-08-23 02:19', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/ile55hu/', 'More i expect a shakeout of all the crap. Most of the top coins are probably here to stay this time. The market is more mature and those top coins are actually starting to build use cases and strong ecosystems. \n\nBut having 20,000 coins is crazy. There needs to be a huge number of those coins go to zero and gone.', 'wv7vhi'], ['u/InvestAn', 419, '2022-08-23 02:20', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/ile594b/', 'A macroeconomic full on recession....', 'wv7vhi'], ['u/Business-Typical', 31, '2022-08-23 02:21', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/ile5f8h/', 'Mate, it’s time we have _the talk_', 'wv7vhi'], ['u/troythedefender', 15, '2022-08-23 02:30', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/ile6j1m/', 'Still waiting for Vechain to hit top 5 with that UFC marketing partnership. It’s right there on the ring floor every match but nothing happens, lol. 😂', 'wv7vhi'], ['u/GummyZerg', 11, '2022-08-23 02:34', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/ile73s5/', 'Tether collapse', 'wv7vhi'], ['u/badadadok', 22, '2022-08-23 02:36', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/ile7f5a/', 'Let her go bro lots of alts in the sea', 'wv7vhi'], ['u/jgoforth2', 23, '2022-08-23 02:40', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/ile7ypt/', 'The bear market is never over until everyone is hopeless', 'wv7vhi'], ['u/the_far_yard', 14, '2022-08-23 02:46', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/ile8ovq/', 'Ah, yes. The talk about the bears and the bees.', 'wv7vhi'], ['u/Construction_Kitchen', 104, '2022-08-23 02:55', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/ile9wyp/', 'Half of these shitcoins need to be wiped', 'wv7vhi'], ['u/junglehypothesis', 84, '2022-08-23 03:04', 'https://www.reddit.com/r/CryptoCurrency/comments/wv7vhi/its_been_around_9_months_of_bear_market_now_what/ileb130/', "* MtGox finally releases BTC to creditors, but this is likely not this month, probably 2023. Build up is more impactful than the event, actual amount released is minimal vs volume.\n* Ethereum merge/fork is more a monumental screw-up than success. Eth price crashes, people realize it is highly centralized and censorable. We end up with three chains ETC, ETHPoS & ETHPoW. Lots of projects look to alternatives for distributed compute.\n* Mass liquidations of BAYC and other NFTs. Benddao bankrun and change of liquidation threshold from 90% to 70% causes cascading liquidations and further collapse in prices.\n* Scammer Craig Wright has his day in ... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin gained along with most other top 10 tokens by market capitalization in early morning trading in Asia, though Ether was the pace leader with the larger climb. U.S. equities were little changed overnight.\nSee related article:Markets: Bitcoin edges up, Ether posts biggest gain among top 10 tokens\n• Bitcoin added 0.6% to US$21,529 in the 24 hours to 8 a.m. in Hong Kong, while Ether added 2.51% to US$1,662, the largest gainer in the top ten,according to CoinMarketCap.\n• The two biggest tokens are still trying to shrug off a slump that has pushed Bitcoin 11% lower in the past seven days. Ether is down more than 13% in the same period ahead of the upcoming Merge of its blockchain.\n• All other tokens in CoinMarketCap’s top 10 were up less than 1%, with the exception of\xa0 BNB which slipped 0.1% to US$299.46. Solana gained 0.6% to US$36.35\n• Polkadot, which sits just outside the top 10, added 3.3% to US$7.64.\n• In equities, The Dow Jones Industrial Average finished Tuesday down 0.5%, the S&P 500 Index closed 0.2% lower, while the Nasdaq Composite Index was flat.\n• U.S. equities slumped Monday amid concerns about China’s slowing economy, while the direction of U.S. interest rates is another major concern for investors.\n• China’sunemployment outlaysreached a record US$5.4 billion in June, while heat waves and drought causepower outages in regionsthat rely on hydroelectricity. To try to revive economic growth, the country’scentral bank lowered lending interest ratesfor the second time in a week on Monday.\n• Investors remain on edge about further rises in interest rates in the U.S. to slow inflation, and are looking to the Federal Reserve’s annual economic policy symposium at Jackson Hole, Wyoming, on Friday for guidance on how the Fed may proceed.\nSee related article:New US bill to give CFTC oversight of cryptocurrencies may speed up crypto legislation in other markets', 'Bitcoin gained along with most other top 10 tokens by market capitalization in early morning trading in Asia, though Ether was the pace leader with the larger climb. U.S. equities were little changed overnight.\nSee related article:Markets: Bitcoin edges up, Ether posts biggest gain among top 10 tokens\n• Bitcoin added 0.6% to US$21,529 in the 24 hours to 8 a.m. in Hong Kong, while Ether added 2.51% to US$1,662, the largest gainer in the top ten,according to CoinMarketCap.\n• The two biggest tokens are still trying to shrug off a slump that has pushed Bitcoin 11% lower in the past seven days. Ether is down more than 13% in the same period ahead of the upcoming Merge of its blockchain.\n• All other tokens in CoinMarketCap’s top 10 were up less than 1%, with the exception of\xa0 BNB which slipped 0.1% to US$299.46. Solana gained 0.6% to US$36.35\n• Polkadot, which sits just outside the top 10, added 3.3% to US$7.64.\n• In equities, The Dow Jones Industrial Average finished Tuesday down 0.5%, the S&P 500 Index closed 0.2% lower, while the Nasdaq Composite Index was flat.\n• U.S. equities slumped Monday amid concerns about China’s slowing economy, while the direction of U.S. interest rates is another major concern for investors.\n• China’sunemployment outlaysreached a record US$5.4 billion in June, while heat waves and drought causepower outages in regionsthat rely on hydroelectricity. To try to revive economic growth, the country’scentral bank lowered lending interest ratesfor the second time in a week on Monday.\n• Investors remain on edge about further rises in interest rates in the U.S. to slow inflation, and are looking to the Federal Reserve’s annual economic policy symposium at Jackson Hole, Wyoming, on Friday for guidance on how the Fed may proceed.\nSee related article:New US bill to give CFTC oversight of cryptocurrencies may speed up crypto legislation in other markets', 'Bitcoin gained along with most other top 10 tokens by market capitalization in early morning trading in Asia, though Ether was the pace leader with the larger climb. U.S. equities were little changed overnight. See related article: Markets: Bitcoin edges up, Ether posts biggest gain among top 10 tokens Fast facts Bitcoin added 0.6% to US$21,529 in the 24 hours to 8 a.m. in Hong Kong, while Ether added 2.51% to US$1,662, the largest gainer in the top ten, according to CoinMarketCap . The two biggest tokens are still trying to shrug off a slump that has pushed Bitcoin 11% lower in the past seven days. Ether is down more than 13% in the same period ahead of the upcoming Merge of its blockchain. All other tokens in CoinMarketCap’s top 10 were up less than 1%, with the exception of\xa0 BNB which slipped 0.1% to US$299.46. Solana gained 0.6% to US$36.35 Polkadot, which sits just outside the top 10, added 3.3% to US$7.64. In equities, The Dow Jones Industrial Average finished Tuesday down 0.5%, the S&P 500 Index closed 0.2% lower, while the Nasdaq Composite Index was flat. U.S. equities slumped Monday amid concerns about China’s slowing economy, while the direction of U.S. interest rates is another major concern for investors. China’s unemployment outlays reached a record US$5.4 billion in June, while heat waves and drought cause power outages in regions that rely on hydroelectricity. To try to revive economic growth, the country’s central bank lowered lending interest rates for the second time in a week on Monday. Investors remain on edge about further rises in interest rates in the U.S. to slow inflation, and are looking to the Federal Reserve’s annual economic policy symposium at Jackson Hole, Wyoming, on Friday for guidance on how the Fed may proceed. See related article: New US bill to give CFTC oversight of cryptocurrencies may speed up crypto legislation in other markets View comments', "NEW YORK, NY - ( NewMediaWire ) - August 23, 2022 - AscendEX is excited to announce the listing of StonkLeague under the trading pair: $ AEGIS/USDT. Trading begins at 1:00 PM UTC on August 24th, 2022. StonkLeague is a digital asset gaming and trading platform, that enables retail traders to engage in fantasy trading games. Gamify the Investment Experience StonkLeague is a Gamified Index and DAO Protocol. In light of the volatility of crypto trading, StonkLeague provides fantasy trading games to win Bitcoin and Ethereum prizes, making it easier for retail traders to play, learn, and earn in a fun and secure way. Crypto influencers can also use StonkLeague to create NFT leagues to build their legitimacy and monetize their following. The Crypto Leagues The AEGIS token is an ERC-20 token that acts as the utility token of the StonkLeague platform. It entitles holders to perform governance by staking AEGIS and earn rewards. AEGIS is also available for raising grand armies and conquering NFT territories on StonkLeague's board game map. Crypto Leagues can only be purchased with AEGIS tokens, making it an indispensable part of the prehistoric battles. About AscendEX Launched in 2018, AscendEX is a global cryptocurrency exchange, servicing over 1.5 million retail and institutional clients globally, through its comprehensive product suite including spot, margin, and futures trading, wallet services, and staking support for over 200 blockchain projects such as Bitcoin, Ether, Solana, Cardana, and more. With the new listing of AEGIS token on AscendEX, it opens a new entry point for investors and gamers of all stripes to get paid to stay healthy and active! For more information and updates on AscendEX, please visit: Website: ascendex.com Twitter: twitter.com/_AscendEX Medium: medium.com/ascendex For more information and updates about StonkLeague, please visit: Website: https://www.stonkleague.com/ Twitter: https://twitter.com/stonkleague Telegram: https://t.me/stonkleague Story continues Media contact Brand: AscendEX Contact: Media team Email: [email protected] Website: https://ascendex.com/ PR Contact [email protected] https://finpr.agency SOURCE : AscendEX View the original release on www.newmediawire.com", "NEW YORK, NY - (NewMediaWire) - August 23, 2022 -AscendEXis excited to announce the listing of StonkLeague under the trading pair: $AEGIS/USDT. Trading begins at 1:00 PM UTC on August 24th, 2022. StonkLeague is a digital asset gaming and trading platform, that enables retail traders to engage in fantasy trading games.\nGamify the Investment Experience\nStonkLeague is a Gamified Index and DAO Protocol. In light of the volatility of crypto trading, StonkLeague provides fantasy trading games to win Bitcoin and Ethereum prizes, making it easier for retail traders to play, learn, and earn in a fun and secure way. Crypto influencers can also use StonkLeague to create NFT leagues to build their legitimacy and monetize their following.\nThe Crypto Leagues\nThe AEGIS token is an ERC-20 token that acts as the utility token of the StonkLeague platform. It entitles holders to perform governance by staking AEGIS and earn rewards. AEGIS is also available for raising grand armies and conquering NFT territories on StonkLeague's board game map. Crypto Leagues can only be purchased with AEGIS tokens, making it an indispensable part of the prehistoric battles.\nAbout AscendEX\nLaunched in 2018, AscendEX is a global cryptocurrency exchange, servicing over 1.5 million retail and institutional clients globally, through its comprehensive product suite including spot, margin, and futures trading, wallet services, and staking support for over 200 blockchain projects such as Bitcoin, Ether, Solana, Cardana, and more. With the new listing of AEGIS token on AscendEX, it opens a new entry point for investors and gamers of all stripes to get paid to stay healthy and active!\nFor more information and updates on AscendEX, please visit:\nWebsite:ascendex.com\nTwitter:twitter.com/_AscendEX\nMedium:medium.com/ascendex\nFor more information and updates about StonkLeague, please visit:\nWebsite:https://www.stonkleague.com/\nTwitter:https://twitter.com/stonkleague\nTelegram:https://t.me/stonkleague\nMedia contac Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-08-24 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $409,487,148,469 - Hash Rate: 205767438.2852376 - Transaction Count: 256606.0 - Unique Addresses: 649399.0 Social & AI Sentiment: - Fear & Greed Index: 0.25 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Wall Street isn’t shielded from a recession, and with inflation running rampant, it’s tough for investors to find places to hide. However, traders have started paying more attention than ever before to real estate stocks, as they see them becoming less volatile compared to other markets during tough financial times. The property market has been one of the few areas that has seen constant growth over recent years, which is why the best real estate investment stocks are under the scanner. Income investors gravitate toward real estate investment trusts (REITs) if they want to diversify their portfolios and reap substantial profits. The appeal of these trusts is that anyone can profit from real estate without having the hassle or cost associated with owning physical properties. Moreover, these firms must distribute the major portion of their taxable income to their stockholders to gain a more advantageous tax status. Hence, they represent an excellent investment opportunity for investors during the current downturn. With that in mind, let’s take a look at the seven best real estate stocks to buy now. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Source: T. Schneider / Shutterstock American Tower(NYSE:AMT) is a top REIT that leads the pack in the information transmission industry. Its primary business involves leasing its space on its communication sites. Over the years, it has grown its business at an incredible pace through acquisitions and organic growth. Demand for mobile data has risen at a staggering pace over the past decade, and the rise of 5G and fiber will only accelerate the trend. According toPrecedence Research, the 5G services market is likely to growat a mind-boggling 44.63%from 2022 to 2030. In sensing that opportunity, AMT has been growing its footprint at a healthy pace with its recent acquisitions, such as CoreSite and Telxius. It generates 52% of sales from its core North American markets, while the rest comes from other regions, including Asia, Latin America, Africa and Europe. Hence, it’s done well to expand and diversify its operations and cover virtually every top market. Source: Casimiro PT / Shutterstock.com Crown Castle(NYSE:CCI) has one of the most robust and diversified offerings in the U.S. communications business. It offers fiber, lease towers and small cells to its customers in various sectors. Also, it derives most of its sales from its towers division while generating the rest from its fast-growing fiber offerings. Moreover, these pieces of infrastructure are highly effective in high-density locations. Its business has a massive moat, and its infrastructure is crucial to wireless carriers. This is perhaps why it boasts a 98% to 99% renewal rate in its core segments. The bulk of its sales is from defensive clients, who typically have low churn rates, which decreases the risk of its business model. Additionally, it offers a handsome dividend payout of $5.88,with a yield of 3.23%. Source: Jerry Bergquist / Shutterstock.com Life Storage(NYSE:LSI) is a New-York based self-storage facilities provider, operating 1,105 stores in 36 states with a 92% same-store occupancy rate. It operates a highly diversified business, where it generates just 8.7% of sales from New York, while its other markets account for less than 50% of sales. Its average funds from operations have risen at an amazing 12% in the past three years. The growing remote work trend has resulted in migration out of major cities into smaller towns. Life Storage’s strong presence in secondary markets is likely to play in its favor. Moreover, the pace of its acquisitions has been rising at a brisk pace over the past three years, and it continues to spend millions on growing its business. Also, operating results remain robust for the year,with a 35.8%bump in revenues during its first quarter. To further solidify its bull case, it recently raised its dividend by 8%,taking its yield to 3.78%. Source: IgorGolovniov / Shutterstock.com Equity Residential(NYSE:EQR) is an established REIT that has interests in top-quality, multi-family properties. Its population of renters belongs in the high-income bracket, with an average household income of roughly $166,000. Hence, EQR’s tenants have household incomes that are higher than 80% of an average U.S. household. On top of that, its operations are supported by a robust balance sheet with over $2 billion in liquidity, which helps support its stable dividend growth. EQR boosted its full-year earnings guidance on the back of strong rent collection despite the rising inflationary pressures. During second-quarter earnings, Wall Street had a same-store net operating income that rose 19% from the prior-year period. Additionally, the apartment REIT sees its full-year fund from operations (FFO) per shareto grow to $3.48-$3.58from its previous guidance of $3.40-$3.50. Source: Tada Images / Shutterstock.com Opendoor(NASDAQ:OPEN)is a giant in iBuying, a nascent industry that could potentially blow up in the future. It aims to revolutionize the real estate business by offering a convenient and fluid system of buying and selling homes. If it can continue to build its lead against its competitors, it will become an overwhelming market leader. The business isn’t profitable yet, but it continues to make progress on that front through its growing revenue base. On a non-GAAP basis, its earnings before interest, taxes, depreciation and amortization (EBITDA) margins have improved remarkably from a negative 8% in 2017 to a positive 0.7% in 2021. With the improvement in sales, it could potentially break even soon. Source: rafapress / Shutterstock.com Kimco Realty(NYSE:KIM) is a REIT that has significant investments in open-air shopping centers. Its business struggled during the pandemic, but its lease business has shown immense strength in the past year. The trust had to deal with a hefty drop in operating income and portfolio occupancy, but its numbers have rebounded impressively in the last few quarters. In the second quarter,adjusted FFO came in at 40 cents, topping average analyst estimates of 38 cents. Moreover, its revenues of $427.2 million came in ahead of its consensus of $419.9 million. Additionally, its sales greatly improved from the $289.02 million it made during the second quarter.Net rental revenuescame in at $423.3 million, climbing from $285.7 million in the second quarter of 2021. Despite its dividend yield of close to 4% and stellar earnings, KIM stock trades at just 1.4 times price-to-book value. Source: Jonathan Weiss / Shutterstock.com Simon Property Group(NYSE:SPG) is one of the top mall REITs in the market. It owns an attractive mix of shopping, entertainment, dining, and other related assets. Moreover, it owns an 80% stake in Taubman Realty, one of the most popular regional mall REITs operating across Asia and America. Though it faces considerable headwinds at this time, its business has been fundamentally stable and offers plenty to long-term investors. Moreover,it offers an incredible 6.3% yield, with a payout ratio of over 100%. What the business has done so well is that it has diversified its portfolio of assets, which now includes outlets, hotels and residential properties. Therefore, its exposure to a wide variety of sectors in the hospitality space offers massive upside potential for SPG. On the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. • Buy This $5 Stock BEFORE This Apple Project Goes Live • The Best $1 Investment You Can Make Today • Early Bitcoin Millionaire Reveals His Next Big Crypto Trade “On Air” • It doesn’t matter if you have $500 or $5 million. Do this now. The postThe 7 Best Real Estate Stocks to Buy Nowappeared first onInvestorPlace.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin and Ether were little changed in Asia on Thursday morning, though Ether Classic rose. Solana and Cardano lost ground along with most other top 10 tokens by capitalization, though the global cryptocurrency market cap edged up 0.23% to US$1.03 trillion. Investors across all financial markets remain on edge about the direction of interest rates in the U.S. See related article: Markets: Dogecoin still in the dog house; Bitcoin, Ether make up some ground Fast facts Bitcoin lost 0.6% in the last 24 hours to trade at US$21,399 at 8 a.m. in Hong Kong, while Ether fell 0.3% to US$1,657, according to data from CoinMarketCap . Solana saw the biggest drop among the top 10 tokens, falling 2.1% to US$34.93. Cardano lost 1.5% to US$0.46. Ethereum Classic, the original chain the main Ethereum blockchain was forked from, rose 2.9% to US$35.31, as both networks attract attention in the lead-up to “ the Merge .” Cosmos gained 7.3% to US$13.00, posting gains of over 10% for the week as the crypto project Kujira announced the network would be hosting its new stablecoin project earlier this month. U.S. equities were little changed overnight. The Nasdaq Composite Index finished up 0.4%, the S&P 500 Index gained 0.3% and the Dow Jones Industrial Average closed 0.2% higher. On Friday, Federal Reserve Chair Jerome Powell is scheduled to make a keynote speech at the Fed’s annual economic symposium at Jackson Hole, Wyoming, where he is expected to outline the central bank’s views on inflation, and by extension the likely direction of interest rates in the world’s biggest economy. Beside concerns about U.S. interest rates, investors also have to contend with the widespread slowdown in China’s industrial production, construction and real estate industries. The world’s second-largest economy has also been hit by power shortages as drought and heatwaves reduced hydroelectric power generation in the country’s central-west. See related article: Tornado Cash arrest heralds storm season for crypto mixers', 'Bitcoin and Ether were little changed in Asia on Thursday morning, though Ether Classic rose. Solana and Cardano lost ground along with most other top 10 tokens by capitalization, though the global cryptocurrency market cap edged up 0.23% to US$1.03 trillion. Investors across all financial markets remain on edge about the direction of interest rates in the U.S.\nSee related article:Markets: Dogecoin still in the dog house; Bitcoin, Ether make up some ground\n• Bitcoin lost 0.6% in the last 24 hours to trade at US$21,399 at 8 a.m. in Hong Kong, while Ether fell 0.3% to US$1,657, according todata from CoinMarketCap.\n• Solana saw the biggest drop among the top 10 tokens, falling 2.1% to US$34.93. Cardano lost 1.5% to US$0.46. Ethereum Classic, the original chain the main Ethereum blockchain was forked from, rose 2.9% to US$35.31, as both networks attract attention in the lead-up to “the Merge.”\n• Cosmos gained 7.3% to US$13.00, posting gains of over 10% for the week as the crypto projectKujira announced the networkwould be hosting its new stablecoin project earlier this month.\n• U.S. equities were little changed overnight. The Nasdaq Composite Index finished up 0.4%, the S&P 500 Index gained 0.3% and the Dow Jones Industrial Average closed 0.2% higher.\n• On Friday, Federal Reserve Chair Jerome Powell is scheduled to make a keynote speech at the Fed’s annual economic symposium at Jackson Hole, Wyoming, where he is expected to outline the central bank’s views on inflation, and by extension the likely direction of interest rates in the world’s biggest economy.\n• Beside concerns about U.S. interest rates, investors also have to contend with the widespread slowdown in China’s industrial production, construction and real estate industries. The world’s second-largest economy has also been hit by power shortages as drought and heatwavesreduced hydroelectric power generationin the country’s central-west.\nSee related article:Tornado Cash arrest heralds storm season for crypto mixers', 'Bitcoin and Ether were little changed in Asia on Thursday morning, though Ether Classic rose. Solana and Cardano lost ground along with most other top 10 tokens by capitalization, though the global cryptocurrency market cap edged up 0.23% to US$1.03 trillion. Investors across all financial markets remain on edge about the direction of interest rates in the U.S.\nSee related article:Markets: Dogecoin still in the dog house; Bitcoin, Ether make up some ground\n• Bitcoin lost 0.6% in the last 24 hours to trade at US$21,399 at 8 a.m. in Hong Kong, while Ether fell 0.3% to US$1,657, according todata from CoinMarketCap.\n• Solana saw the biggest drop among the top 10 tokens, falling 2.1% to US$34.93. Cardano lost 1.5% to US$0.46. Ethereum Classic, the original chain the main Ethereum blockchain was forked from, rose 2.9% to US$35.31, as both networks attract attention in the lead-up to “the Merge.”\n• Cosmos gained 7.3% to US$13.00, posting gains of over 10% for the week as the crypto projectKujira announced the networkwould be hosting its new stablecoin project earlier this month.\n• U.S. equities were little changed overnight. The Nasdaq Composite Index finished up 0.4%, the S&P 500 Index gained 0.3% and the Dow Jones Industrial Average closed 0.2% higher.\n• On Friday, Federal Reserve Chair Jerome Powell is scheduled to make a keynote speech at the Fed’s annual economic symposium at Jackson Hole, Wyoming, where he is expected to outline the central bank’s views on inflation, and by extension the likely direction of interest rates in the world’s biggest economy.\n• Beside concerns about U.S. interest rates, investors also have to contend with the widespread slowdown in China’s industrial production, construction and real estate industries. The world’s second-largest economy has also been hit by power shortages as drought and heatwavesreduced hydroelectric power generationin the country’s central-west.\nSee related article:Tornado Cash arrest heralds storm season for crypto mixers', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin and ether trade sideways a day before the opening of the Fed\'s Economic Symposium.\nInsights:India likes crypto, new taxes and the bear market notwithstanding, a KuCoin survey found.\nCatch the latest episodes ofCoinDesk TVfor insightful interviews with crypto industry leaders and analysis. Andsign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context.\n●Bitcoin (BTC): $21,465+0.1%\n●Ether (ETH): $1,670+1.5%\n●S&P 500 daily close: 4,140.77+0.3%\n●Gold: $1,766 per troy ounce+1.1%\n●Ten-year Treasury yield daily close: 3.11%+0.05\nBitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found atcoindesk.com/indices.\nBitcoin Trades Flat a Day Before Fed Economic Symposium Starts\nBy James Rubin\nCrypto jitters continued Wednesday as Federal Reserve Chair Jerome Powell\'s next public comments about inflation and the economy neared.\nBitcoin and ether traded sideways. Bitcoin was recently changing hands at about $21,500, up a few fractions of a percentage point over the past 24 hours. After plunging late last week, the largest cryptocurrency by market value has been stubbornly clinging to its handhold above $21,000 amid largely tepid trading as investors wait for more clarity about the U.S. central bank\'s monetary policy going forward.\n"Bitcoin is not at the bottom and the crypto winter is not turning to spring quite yet," Stefan Rust, CEO of Layer1 blockchain and incubator Laguna, said in an email.\nEther was recently trading below $1,700, rising over 1% during the same period. The second-largest crypto by market value has been outperforming bitcoin over the past few weeks amid eager anticipation of the Ethereum blockchain Merge, which will shift the protocol from energy-sapping proof-of-work to faster, more environmentally friendly proof-of-stake.\nOther major altcoins were mixed with AVAX and SHIB slightly lower but ATOM rising more than 7%.\nMajor U.S. indexes broke a three-day skid, albeit not by much, with the tech-focused Nasdaq, S&P 500, which has a strong tech component, and the Dow Jones Industrial Average (DJIA) all rising a few ticks of a percentage point.\nMarkets have been running in place this week until Powell offers some hoped-for hint about the pace of the Fed\'s next interest rate hike. Minutes from last month\'s Federal Open Market Committee (FOMC) meeting have suggested that the bank will approve a third consecutive 75-basis point rate hike, although most indicators lately point to an economy slowing but not headed for recession – moderate enough to merit a dovish touch likely to please markets.\n"Like wider markets, cryptocurrency has been spooked by comments from the Fed, which has indicated that there will be no letup in 75 basis point rate hikes in the near future," Rust noted.\nOther observers are hoping that Powell will bring clarity to the current disconnect between investors perceptions and economic realities. “I’m looking forward to seeing if Powell can straighten the market out,” David Wessel, a senior fellow in economic studies at the Brookings Institution and a former Wall Street Journal economics editor,toldCoinDesk\'s Helene Braun. “At a time when the Fed’s public forecast is at odds with the market, he knows that this is his chance to steer the markets.”\n[{"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+7.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "+3.0%", "DACS Sector": "Entertainment"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "+1.8%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22122.3%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Shiba In Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-08-25 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $410,927,963,688 - Hash Rate: 224089196.48871768 - Transaction Count: 260460.0 - Unique Addresses: 656808.0 Social & AI Sentiment: - Fear & Greed Index: 0.25 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: DELRAY BEACH, FL, Aug. 22, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Moon Equity Holdings Corp. (OTC symbol MONI) The long-anticipated launch of BitGift® has now taken place; the first phase of our platform is now available to users in the United States with the temporary exceptions of New York and Hawaii. BitGift® was designed with an industry-brand-new ability to choose, store, send, and receive cryptocurrencies as a gift. BitGift® currently offers the following cryptocurrencies to be sent as gifts: BTC (Bitcoin), SOL (Solana), and certain Ethereum-compatible coins such as ETH (Ethereum), AVAX (Avalanche), MATIC (Polygon), and more. BitGift® offers its own hot wallet which supports storage for all aforementioned coins, and more coming soon. BitGift® is in the process of creating an enhanced hot wallet which will accommodate over 2,000 additional coins that will be coded for use in accordance with anticipated demand from our customers. BitGift® is currently working on integrating additional Ethereum, Bitcoin, and Solana groups of coins for use in the hot wallet which will be available shortly. Our programmers are also in the process of developing a BitGift® mobile application which will soon be made available for iOS and Android users. Gifting crypto on our website and mobile app will be a seamless experience for all users. Social media and marketing efforts have already been underway to build the BitGift® brand and to expand its user base. BitGift® is currently seeking additional partners and has plans for global expansion within North America, as well as expanding to South America, Europe & Asia. Visit our website to send a BitGift® now to your friends and family: https://theBitGiftcard.com/ In April 2022, MONI contracted with Blue Monkfish, a web design and digital product photography agency, to design, build, and manage the BitGift® website. The CEO of Blue Monkfish, Danny Sing, has been instrumental in forming several alliances for BitGift®. As a result, the BitGift® platform is now powered by and leveraged through Sardine, Streambird, Magic, and Stytch. The encryption security protocols for BitGift® are all controlled and implemented through Sardine, Streambird, Magic, and Stytch. MONI, through BitGift®, has contracted with Sardine, which is a platform that provides risk-free ACH, with instant fund settlement. The payment system for BitGift® is powered by Sardine. As stated on Sardine’s website, “[Their] team built the fraud prevention and compliance infrastructure that scaled both Coinbase and Revolut,” “fought ghost-riding at Uber, and built fraud protection for Bolt and PayPal.” With Sardine’s technology, BitGift® users will never have to worry about fraud; additionally, users will be able to process “fund settlement[s] without the wait times [for] bank payments, international remittances, virtual cards, and crypto,” as well as benefit from more payment options. BitGift® takes on full liability for chargebacks and returns. There will be instant account funding and payments using bank ACH that is regulatory compliant with instant bank ACH to crypto purchase. This BitGift® payment system is built for the Fintech Industry. Based on information existing from fighting fraud at the world's leading crypto and fintech companies, we have built a product that you can use with peace of mind. Sardine is licensed through BitLicense through the Department of Financial Services (DFS) and the Financial Action Task Force (FATF) Travel Rule. Story continues https://www.sardine.ai/ BitGift® has also contracted with Streambird, which provides top-of-the-line infrastructure tools for developers. Streambird will supply BitGift® with the ability to create a seamless and secure experience for our users to interact with our product. BitGift® chose to integrate our hot wallet through Streambird so we can provide our users with flexibility. Users will have the ability to move their assets from the BitGift® platform into other personal wallets if they desire. Streambird provides BitGift® with “one API & SDK for passwordless auth[entication], wallet login, wallet creation, key management & KYC.” Streambird’s API is used to “streamline [developer’s] Web3 user onboarding using [their] unified future-proof identity infrastructure;” it also enables developers to utilize “an email, phone number, or social login” so that users can seamlessly create and access their BitGift® account. All of these enhanced features are what help make BitGift® one of the most seamless, safest, and highest-security encryption platforms for sending and receiving crypto. https://streambird.io/ BitGift®, through Streambird, is powered by Magic, which is the “#1 user authentication and private key management solution for Web3 and Web2.” Magic provides “secure and seamless Web3 experiences”, such as simple onboarding, unified wallet UX, secure transaction and wallet management, and more. Further, Magic boasts compatibility with 30+ programming languages and 20+ blockchains. Additionally, they have amassed over 91 thousand developers who support over 9 million users. Through the use of passwordless authentication (also known as “magic links”), Magic provides “enterprise-grade security and compliance” to their end users which ensures “peace of mind without using passwords, seed phrases, solving crypto adoption key challenges,” and more, which further enforces account security. https://magic.link/ “Magic encrypts all of its databases, snapshots, automated backups and replicas with the industry-standard AES-256 encryption algorithm. The encryption and decryption are done automatically when data is written and read from the data storage.” “Magic is regularly audited by NCC Group as well as internal and contract security professionals.” https://magic.link/docs/home/security “The NCC Group is an information assurance firm headquartered in Manchester, United Kingdom. Its service areas cover software escrow and verification, cyber security consulting and managed services. NCC Group claims over 15,000 clients worldwide.” The NCC Group has “a significant market presence in North America, the UK, continental Europe and a rapidly growing footprint in Asia Pacific.” https://www.nccgroup.com/uk/ https://www.nccgroupplc.com/what-we-do/at-a-glance/ Finally, BitGift® will be contracting with Stych, which also “provides simple and secure passwordless authentication solutions.” “Stytch is compliant with a range of industry standards and frameworks,” and they “[maintain] a SOC 2 type II report attesting to the company’s compliance with the AICPA’s Trust Service Criteria.” “Stytch is compliant with the Health Insurance Portability and Accountability Act [HIPAA] as a business associate.” “Stytch is committed to complying with and helping its customers comply with the General Data Protection Regulation (EU 2016/679 GDPR) and California Consumer Privacy Act (2018 CCPA).” https://stytch.com/ https://stytch.com/blog/4-ways-to-use-stytchs-embeddable-magic-links%EF%BF%BC/ https://stytch.com/docs#security_compliance Now anyone can “Give the Gift of Investment” through BitGift®, which converts hard currency into crypto by sending funds through a safe and efficient manner that is very secure and reliable. With BitGift®, users can utilize their gifted funds to invest in and accrue value on any cryptocurrencies of their choosing that are offered on the BitGift® platform. They will also have the ability to use their BitGift® digital hot wallet to make purchases anywhere that gift cards are accepted. BitGift® is Moon Equity Holdings Corp’s first revenue-generating product delivered through its newly created platform. “A lot of work went into the integration of Sardine, Streambird, Magic, and Stytch in union with the BitGift® platform. The platform has now been completed, and the company can now move forward with putting itself in position to generate significant revenues,” said Mr. Sing, CEO of Blue Monkfish. Sardine expects the use of credit cards to be available as an additional payment method in the coming weeks. Soon, BitGift® users will have the ability to cash out from their BitGift® hot wallet and transfer the funds to their debit/credit card in the near future, which will be powered by Sardine. BitGift® will be providing 24-hour email-based customer service to all users, and will offer as close to an immediate response as possible for our customers. MONI will generate revenues from the standardized service fees that will be received every time somebody sends a gift through BitGift® or uses any one of its other featured products through the platform. Each service fee consists of a 50/50 split between Sardine and MONI that is estimated to range from a minimum of .50 to $1.50 per transaction for each company for each of the products and services provided. The company expects a high transaction rate of its products and services daily. The company expects to achieve its first milestone of selling 100,000 cards in short order. The second milestone will be to sell over 500,000 cards. The third milestone will be to sell over 1,000,000 cards annually and have over one million annual users. The company believes that it will have at least a 70% net profit margin from the revenues generated, because its operation is automated. A global marketing program is being put in place to make sure these milestones are achieved. The minimum amount of $50 and the maximum amount of $2,000 will be allowed for each BitGift® transaction to go into newly created wallets. Users will be allowed to do as many $2,000 transactions as they desire. A large variety of additional products are on track to be released soon, now that the platform has been created. Currently, BitGift® allows users to utilize a hot wallet within their account which acts as liquid online storage. Additionally, BitGift® plans to implement another new feature that will allow users to turn in old, unused gift cards for crypto; this means that unus... - Reddit Posts (Sample): [['u/PotassiumEnjoyer', 'Good ways to earn interest on your holdings?', 102, '2022-08-25 00:02', 'https://www.reddit.com/r/CryptoCurrency/comments/www59f/good_ways_to_earn_interest_on_your_holdings/', 'Greetings, good peoples! What are some good ways to earn interest on your holdings now?\n\nI will mention some that I know:\n\nBinance.com - They have decent rates for staking / savings. What I find most interesting is their 10% APY on stablecoins (BUSD, USDT) and 5% APY on BTC. \n\nGemini - They have 7.15% on GUSD, 5%+ on DAI / USDC\n\nAfter, Celsius I am afraid of CeFI for the moment. Gemini is very well audited and Binance.com is by far the biggest exchange so I feel safe with them.\n\nWhat do you guys have in store for me? Anything worth checking? DeFi?', 'https://www.reddit.com/r/CryptoCurrency/comments/www59f/good_ways_to_earn_interest_on_your_holdings/', 'www59f', [['u/Rollthewindowzup', 82, '2022-08-25 00:04', 'https://www.reddit.com/r/CryptoCurrency/comments/www59f/good_ways_to_earn_interest_on_your_holdings/ilnjo1w/', 'On-chain staking is the way to go. No third party involved.', 'www59f'], ['u/Narrow_Television695', 17, '2022-08-25 00:06', 'https://www.reddit.com/r/CryptoCurrency/comments/www59f/good_ways_to_earn_interest_on_your_holdings/ilnjyzf/', 'Well binance is the only cex I trust. They have proved many times why they are the largest exchange in the world.', 'www59f'], ['u/Maxx3141', 25, '2022-08-25 00:07', 'https://www.reddit.com/r/CryptoCurrency/comments/www59f/good_ways_to_earn_interest_on_your_holdings/ilnk0x6/', 'This is the way.\n\n But sadly OP looks into "staking" stablecoins and BTC, but that is just lending.', 'www59f'], ['u/SoftPenguins', 44, '2022-08-25 00:13', 'https://www.reddit.com/r/CryptoCurrency/comments/www59f/good_ways_to_earn_interest_on_your_holdings/ilnkyjz/', 'Celsius or Voyager. Some of the largest names in the business and are trusted with pension funds and 10’s of billions of dollars. It’s as close to risk free as you can possibly get.', 'www59f'], ['u/BlazingHotFireFox', 18, '2022-08-25 00:14', 'https://www.reddit.com/r/CryptoCurrency/comments/www59f/good_ways_to_earn_interest_on_your_holdings/ilnl1ni/', "Kraken is a CEX I prefer since I can't Binance.", 'www59f'], ['u/TwoStepLaunch', 10, '2022-08-25 00:15', 'https://www.reddit.com/r/CryptoCurrency/comments/www59f/good_ways_to_earn_interest_on_your_holdings/ilnlazd/', '😂 😂 😂 seriously, some people will never learn.', 'www59f'], ['u/LogicIsTheSecret', 11, '2022-08-25 00:18', 'https://www.reddit.com/r/CryptoCurrency/comments/www59f/good_ways_to_earn_interest_on_your_holdings/ilnlrzn/', 'Alex will take good care of your money.', 'www59f'], ['u/hcollector', 10, '2022-08-25 00:20', 'https://www.reddit.com/r/CryptoCurrency/comments/www59f/good_ways_to_earn_interest_on_your_holdings/ilnlz5r/', 'Quite sure that was meant as comedy. Personally I would advice against any interest platforms, we have seen enough evidence now that it carries considerable risks.', 'www59f'], ['u/TruthSeeekeer', 29, '2022-08-25 00:21', 'https://www.reddit.com/r/CryptoCurrency/comments/www59f/good_ways_to_earn_interest_on_your_holdings/ilnm4ci/', 'Celsius is a cautionary tale for all', 'www59f'], ['u/Hank___Scorpio', 71, '2022-08-25 00:21', 'https://www.reddit.com/r/CryptoCurrency/comments/www59f/good_ways_to_earn_interest_on_your_holdings/ilnm6dt/', "If you aren't on chain staking from a wallet you control keys of, you're lending. Stop getting it twisted people.", 'www59f'], ['u/anaykiin', 18, '2022-08-25 00:22', 'https://www.reddit.com/r/CryptoCurrency/comments/www59f/good_ways_to_earn_interest_on_your_holdings/ilnmaak/', "I wish people would stop getting so hung up on tiny % differences between platforms. That's the kind of thinking that persuades fools to put all their holdings in small time lending platforms only to lose it all when said platform goes under.\n\nDo yourself a favour and choose a method of passive income that is likely to survive in the absolute worst case scenario and don't sweat if its 1 or 2% lower. It will barely make a difference in the long run", 'www59f'], ['u/thegooddocgonzo', 31, '2022-08-25 00:23', 'https://www.reddit.com/r/CryptoCurrency/comments/www59f/good_ways_to_earn_interest_on_your_holdings/ilnmfet/', 'Worth mentioning that the 5% on BTC only applies to the first .01 BTC. Any more than that and the APY drops right off.', 'www59f'], ['u/polloponzi', 15, '2022-08-25 00:25', 'https://www.reddit.com/r/CryptoCurrency/comments/www59f/good_ways_to_earn_interest_on_your_holdings/ilnmpmm/', '>No third party involved.\n\nBut you have:\n\n* Smart contract hack risk (have you audited the code of the smart contract you use for staking or have you checked if it has been audited by a trustworthy third party??)\n* If you are staking token pairs (providing liquidity) then you have the risk of [impermanent loss](https://academy.binance.com/en/articles/impermanent-loss-explained)\n* Risk of your computer being hacked or compromised: do you use meta-mask and a browser? I hope you have the system updated and a good anti-virus.', 'www59f'], ['u/FootyG94', 12, '2022-08-25 00:42', 'https://www.reddit.com/r/CryptoCurrency/comments/www59f/good_ways_to_earn_interest_on_your_holdings/ilnpb85/', 'Mtgox was also the largest exchange in the world..', 'www59f'], ['u/Stoopiddogface', 10, '2022-08-25 00:49', 'https://www.reddit.com/r/CryptoCurrency/comments/www59f/good_ways_to_earn_interest_on_your_holdings/ilnqaz1/', "For the love of God get your coins off the exchange. For so many reasons \n\nIf interest is what you're craving lo9kup ATOM and the cosmos", 'www59f'], ['u/jewishfranzia', 89, '2022-08-25 01:27', 'https://www.reddit.com/r/CryptoCurrency/comments/www59f/good_ways_to_earn_interest_on_your_holdings/ilnvrte/', 'Celsius. I haven’t look in while but I keep my 6 figure profile in there', 'www59f'], ['u/crypt0_sports', 14, '2022-08-25 01:37', 'https://www.reddit.com/r/CryptoCurrency/comments/www59f/good_ways_to_earn_interest_on_your_holdings/ilnx3ef/', 'Legendary', 'www59f'], ['u/chance_waters', 13, '2022-08-25 01:44', 'https://www.reddit.com/r/CryptoCurrency/comments/www59f/good_ways_to_earn_interest_on_your_holdings/ilny5tn/', "Yes, because offering higher is totally unsustainable, this keeps you in their system, it's essentially a product marketing budget.", 'www59f'], ['u/evelynvee', 22, '2022-08-25 02:10', 'https://www.reddit.com/r/CryptoCurrency/comments/www59f/good_ways_to_earn_interest_on_your_holdings/ilo1ngj/', "Last time I check, they're being nice by activating Force HODL so we're not paperhanding during this bear market", 'www59f']]], ['u/Skipped_College', 'Everyone calm down and smoke a cigarette!', 49, '2022-08-25 00:04', 'https://www.reddit.com/r/Bitcoin/comments/www734/everyone_calm_down_and_smoke_a_cigarette/', "The FOMO on this sub is beyond paranoia!\n\nPlease take a breath and relish in the fact that you're still way ahead of the game. \n\nSustainably and patiently stack Sats while you live and enjoy life. You should feel secure and content that you're set to accumulate more and more.\n\nYou don't need to own 1 Bitcoin either, just accumulate what you comfortably can without risking short term financial ruin. Don't get tunnel vision on Bitcoin, as we all know it's not going anywhere and that your Bitcoin is safe if you property setup your wallet.", 'https://www.reddit.com/r/Bitcoin/comments/www734/everyone_calm_down_and_smoke_a_cigarette/', 'www734', [['u/kraken-community', 29, '2022-08-25 00:13', 'https://www.reddit.com/r/Bitcoin/comments/www734/everyone_calm_down_and_smoke_a_cigarette/ilnkx3v/', 'Avoid the FOMO and the paranoia but I do have to mention smoking may be injurious to health but stacking Sats is likely not.\n\nEnjoy life!\n\n\\-Moose', 'www734'], ['u/johnstone-techs', 41, '2022-08-25 01:31', 'https://www.reddit.com/r/Bitcoin/comments/www734/everyone_calm_down_and_smoke_a_cigarette/ilnwc3j/', 'I quit 6 years ago. If I smoked one today, I would smoke the whole pack. Hard pass.', 'www734'], ['u/kraken-community', 18, '2022-08-25 01:50', 'https://www.reddit.com/r/Bitcoin/comments/www734/everyone_calm_down_and_smoke_a_cigarette/ilnyy3d/', 'Thanks! We often find ourselves having some friendly banter between us about who the community likes best ;) \n\n\\-Moose', 'www734'], ['u/godofleet', 20, '2022-08-25 02:17', 'https://www.reddit.com/r/Bitcoin/comments/www734/everyone_calm_down_and_smoke_a_cigarette/ilo2ozl/', 'Quit all nicotine and put that value into Bitcoin', 'www734'], ['u/EverlastingEmus', 18, '2022-08-25 05:58', 'https://www.reddit.com/r/Bitcoin/comments/www734/everyone_calm_down_and_smoke_a_cigarette/ilovn4o/', 'Hey man don’t tell me to smoke. I quit', 'www734'], ['u/Skipped_College', 11, '2022-08-25 06:05', 'https://www.reddit.com/r/Bitcoin/comments/www734/everyone_calm_down_and_smoke_a_cigarette/ilowgi2/', 'Stay quit 👍', 'www734'], ['u/flivflov', 15, '2022-08-25 07:27', 'https://www.reddit.com/r/Bitcoin/comments/www734/everyone_calm_down_and_smoke_a_cigarette/ilp4gp0/', 'Nicotine is far from the best drug lol.', 'www734']]], ['u/TaxableCitizen', 'Rare Signal Emerges Hinting Now Is The Best Time To Buy Bitcoin', 134, '2022-08-25 00:49', 'https://www.reddit.com/r/CryptoCurrency/comments/wwxahn/rare_signal_emerges_hinting_now_is_the_best_time/', 'Anytime is a good time', 'https://bitcoinmagazine.com/markets/rare-signal-says-now-best-time-to-buy-bitcoin', 'wwxahn', [['u/Ethan0307', 10, '2022-08-25 00:51', 'https://www.reddit.com/r/CryptoCurrency/comments/wwxahn/rare_signal_emerges_hinting_now_is_the_best_time/ilnqkmp/', 'Every time is the best time to buy bitcoin', 'wwxahn'], ['u/CryptDro', 20, '2022-08-25 00:53', 'https://www.reddit.com/r/CryptoCurrency/comments/wwxahn/rare_signal_emerges_hinting_now_is_the_best_time/ilnqxj3/', 'Bitcoin IS rare. Buy BTC.', 'wwxahn'], ['u/TaxableCitizen', 12, '2022-08-25 00:54', 'https://www.reddit.com/r/CryptoCurrency/comments/wwxahn/rare_signal_emerges_hinting_... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening: Prices: Thursday offered the latest episode of crypto sideways trading this week. Insights: Some crypto miners are selling power capacity to offset the loss of revenue in the current bear market. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. And sign up for First Mover , our daily newsletter putting the latest moves in crypto markets in context. Prices ● Bitcoin ( BTC ): $21,438 −0.9% ● Ether ( ETH ): $1,663 −2.1% ● S&P 500 daily close: 4,199.12 +1.4% ● Gold: $1,771 per troy ounce +0.7% ● Ten-year Treasury yield daily close: 3.03% −0.08 Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found at coindesk.com/indices. Bitcoin and Ether Remain in Their Recent Holding Patterns By James Rubin A day before Jerome Powell\'s long-awaiting address at the Federal Reserve\'s conclave in Wyoming, bitcoin idled in roughly the same place it has held for much of the week – comfortably above $21,000. The largest cryptocurrency by market value was recently trading at about $21,500, roughly flat over the past 24 hours as nervous investors continued their vigil for the U.S. central bank chair\'s comments Friday that might hint at the Fed\'s next interest rate hike. Several central bank governors talked to media outlets but offered few clues on whether the bank will continue its current hawkishness by approving another 75 basis point hike (which would likely send asset markets – crypto and traditional – spiraling) or ratchet back the rate to a more moderately aggressive 50 points. "People are going to be looking for some sort of dovish tilt and if we don\'t get it, it could be kind of ugly," said Matthew Tuttle, CEO and chief investment officer of exchange-traded fund provider Total Capital Management. Story continues Ether continued its recent pattern of outperforming bitcoin. The second-largest crypto in market capitalization was recently trading just below $1,700, up more than a percentage point over the same period. Other major altcoins were mixed, with popular meme coin SHIB and CVC each recently rising more than 6% but EOS and KNC off over 2% and 1%, respectively. Still, cryptocurrencies related to non-fungible tokens (NFT) and the metaverse have underperformed over the past week, a result of sagging sentiment about the NFT market. The Flow network’s FLOW token , which can be used to build NFTs and decentralized applications ( dapps ), slumped 20% during the past seven days. FLOW’s decline was the second largest during that period among 52 cryptocurrencies with a market cap over $1 billion, according to crypto data and analysis firm Messari. Other NFT and metaverse-related tokens that have sunk include AXS , GALA , MANA and GMT , which all fell between 14% and 20%. Equities Equity indexes closed higher after the U.S. Commerce Department released data showing that the economy contracted at a lower rate in the second quarter than preliminary estimates indicated. The tech-focused Nasdaq, the S&P 500 and the Dow Jones Industrial Average (DJIA) all climbed at least one percent. Investors were also buoyed by a slight decline in jobless claims underscoring the continued resilience of the economy. Oanda senior market analyst Edward Moya called the most recent indicators "the perfect appetizer for Friday’s hawkish Fed Chair Powell speech." Moya added that "there is still a chance that this unbalanced economy will get a soft landing and that should prevent stocks from seeing severe downward pressure." In crypto industry news, Voyager Digital, the lender whose collapse into bankruptcy worsened this year’s crypto market crisis, is attracting takeover interest from some of the biggest players in the space including exchanges Binance and FTX, according to people familiar with the matter. And Sam Bankman-Fried\'s FTX Ventures denied a Bloomberg report Thursday that the venture capital arm of FTX and the VC operations of sister company Alameda Research would be merging. Total Capital\'s Tuttle warily noted that bitcoin\'s price remains "below all the major moving averages." "It looks like a bear flag," he said. "We\'re seeing "some support around that 20,800 level. If the market doesn\'t hear what it wants to hear on Friday, that\'s where crypto heads. If the market hears what it wants to hear, we\'re moving back up." Biggest Gainers Asset Ticker Returns DACS Sector Cardano ADA +3.5% Smart Contract Platform Shiba Inu SHIB +1.8% Currency Terra LUNA +1.1% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Gala GALA −5.0% Entertainment Chainlink LINK −4.8% Computing Avalanche AVAX −3.4% Smart Contract Platform Insights A Bear Market Survival Strategy for Some Crypto Miners By Aoyon Ashraf The continued bear market has battered crypto miners more than other companies as their main revenue comes from mining the digital assets. Now, miners may have found a different way to offset some of their losses – selling power back to the grid. Crypto miners consume tremendous amounts of energy to mine their digital assets, and power cost is the main variable to their profit margins. With the price of bitcoin down more than 50% this year and power costs rising, their margins have shrunk significantly. However, some miners are now actually getting paid to shut down operations and release electricity capacity back to the grid during peak demand periods, while lowering their power cost. “The ability for some mining companies to either generate power to sell to the grid or perform demand-response gives them an additional profitability option,” said Ethan Vera, chief operating office of the full-stack bitcoin (BTC) mining software and services provider Luxor Tech. Riot and Mawson Most recently, one of the largest bitcoin miners, Riot Blockchain (RIOT), said it earned an estimated $9.5 million in power credits by shuttering its mining operations in Texas during an extreme heat wave. The miner said it lowered its power cost significantly using this strategy. Another bitcoin miner, Mawson Infrastructure (MIGI), said it generated $1.8 million in unaudited revenue by engaging in similar types of strategy as Riot. “When energy prices are low, Mawson engages in bitcoin mining and generates revenue by selling self-mined bitcoin daily, as it has from inception,” the miner said in a statement . “When energy prices are high, and where available, Mawson engages in Energy Demand Response Programs , receiving revenue and reducing overall energy costs,” it added. One caveat to this strategy is that a miner must have a fixed-price purchasing power agreement, rather than buying electricity in the spot market. For example, Argo Blockchain (ARBK) said that unlike Riot, it wasn’t able to participate in demand response in Texas as it has been paying spot market prices , which have been higher in recent months. However, miners who can take advantage of this strategy during summer\'s heat, could benefit significantly even as the bear market continues. “In the current environment mining economics have fallen, while energy prices have soared, making it an opportune time for these miners to sell power to the grid. In many cases miners can make over double per kWh by selling power rather than mining,” Luxor’s Vera said. Important events 9 p.m. HKT/SGT(11 a.m. UTC): Fed Chair Jerome Powell speech at Economic Symposium in Jackson Hole, Wyoming. 4 p.m. HKT/SGT(8 a.m. UTC): Europe M3 money supply (July/3M/YoY) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin Continues Holding Pattern Over $21K; The Sandbox Co-Founder on Metaverse Outlook Bitcoin (BTC) and ether (ETH) traded sideways a day before Federal Reserve Chairman Jerome Powell\'s speech at Jackson Hole. Plus, "First Mover" had a conversation with The Sandbox co-founder Sebastien Borget about the future of the metaverse and Alpha Season 3. Headlines Crypto Exchange CoinSwitch Kuber Searched by Indian Authorities: Source: Five premises tied to CoinSwitch Kuber are reportedly being searched. Ex-S. Korean Finance Minister Yong-Beom Kim Appointed as CEO of Hashed Open Research: The research arm of crypto venture capital fund Hashed is looking to bridge the gap between the blockchain industry and the South Korean government. Polygon Founder’s Crypto VC Firm Raises $50M Fund: Symbolic Capital plans to back early-stage Web3 projects Ether Leads Crypto Recovery on Merge Confirmation, but Traders Remain Cautious: Buying ether ahead of the Merge is likely an overextended play, one trader said. Afghan Authorities Shut Down 16 Crypto Exchanges in One Week: Report: Police reportedly closed the exchanges and arrested their staff after Afghanistan\'s central bank stated that digital currency trading should be stopped, citing problems and scams. Longer reads BitBoy Lost His Lawsuit the Instant He Filed It: The YouTube cryptocurrency promoter is only drawing more attention to the pump and dump-filled oeuvre he\'d rather suppress. (He has since decided to drop the defamation lawsuit.) Other voices: Crypto’s massive marketing efforts have drawn few new investors (The Washington Post) Said and heard Today marks a new phase in the Collectible Avatars journey. One that may finally answer the question, “What are all these internet points good for?” Starting today, we will begin air-dropping Collectible Avatars to our top community builders… for free. To thank top karma earners for the contributions they\'ve made to their Reddit communities, qualifying redditors will be able to choose from four distinct new styles of Collectible Avatars: Aww Friends. Drip Squad. Meme Team. The Singularity Keep an eye on your feed to see if you qualify, and find your avatar squad! ( Reddit ) ... this Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-08-26 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $413,936,640,594 - Hash Rate: 248048418.754807 - Transaction Count: 262722.0 - Unique Addresses: 686060.0 Social & AI Sentiment: - Fear & Greed Index: 0.27 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin’s ( BTC ) price continued its ascent in Thursday trading, rising 4% despite a negative U.S. gross domestic product (GDP) report. The quarterly growth rate declined 0.9% relative to estimates for a 0.5% increase. The decrease marks the second consecutive quarter for negative GDP growth, which historically has signaled an economic recession. This article originally appeared in Market Wrap , CoinDesk’s daily newsletter diving into what happened in today's crypto markets. Subscribe to get it in your inbox every day . Officially the National Bureau of Economic Research determines when the U.S. has entered recession, dependent on a range of factors. Following the Thursday report, yields of U.S. Treasury notes declined, with the yield on 10-year notes surpassing yields on two-year notes. Bond yields have an inverse relationship with prices, meaning when one rises the other falls. When Treasury bond yields fall, it implies the notes are being purchased. Investors often purchase the safer Treasury bonds (rather than stocks or crypto) when they doubt the strength of the overall economy. In traditional equity markets, the S&P 500 and the Dow Jones Industrial Average increased by 1.2% and 1.1%, respectively. Ether’s (ETH) price increased as well on Thursday, rising by another 9% following Wednesday’s 16% jump. Altcoins were in positive territory, too, with Cosmos’ ATOM token jumping by 8% while Polkadot’s DOT rose by 9%. Latest prices ● Bitcoin ( BTC ): $23,900 +4.4% ● Ether ( ETH ): $1,742 +7.8% ● S&P 500 daily close: 4,072.43 +1.2% ● Gold: $1,774 per troy ounce +3.2% ● Ten-year Treasury yield daily close: 2.68% −0.05 Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found at coindesk.com/indices. Does Potential Trouble for the US Economy Signal Higher Asset Prices? By Glenn Williams Jr. Bitcoin continued to move higher on Thursday, pushing past $23,000, despite a GDP report that showed second-quarter decline rather than growth. The negative 0.9% reading follows last quarter’s 1.6% decline and missed projections for a 0.5% increase in growth. Still, asset classes across the board responded favorably, with prices in both traditional finance and cryptocurrencies moving higher as investors saw evidence the economy is slowing at a slower, more desirable rate instead of plunging into recession. Bond markets were more skeptical, with the yields for the two-year Treasury note surpassing yields for the 10-year Treasury note, resulting in an inverted yield curve. An inverted yield curve is an interest rate environment in which long-term debt instruments have a lower yield than short-term debt instruments of the same credit quality. The purchase of Treasury notes is essentially a loan to the U.S. government with the expectation the loan will be paid back with interest (i.e., the yield rate). Story continues When the yield for a two-year loan is higher than the yield for a 10-year loan, bond markets require a higher rate of interest for a short-term loan than they would for a longer-term loan. Historically in the U.S., such scenarios have been a precursor to recession. The below image shows the spread between yields on the 10-year and two-year Treasury notes, and how the spread has been in decline since March of 2021. Shaded regions indicate areas of recession, which have historically occurred 12-18 months following inversion. 10-year Treasury bond constant maturity minus 2-year Treasury bond constant (Federal Reserve Bank of St. Louis) The higher asset prices in the aftermath of negative economic data suggest that markets expect the Federal Reserve to take a milder approach to reducing inflation, and may put policies in effect that are favorable to asset prices. Meanwhile, a Commitment of Traders (COT) report is showing signs that speculators are adding to long bitcoin positions. The report provides a weekly snapshot of positions held by traders in futures markets and is published by the Commodity Futures Trading Commission (CFTC). The positions of small speculators are denoted in blue (see below), while the positions of “large speculators” (i.e., asset managers) are denoted in green. Beginning around July 11, the COT report shows that small speculators are net long BTC because they’ve breached the center line (0.0), thereby moving into positive territory. In the past, small and large speculators have often been opposite each other (i.e., October 2021), with institutions likely to be short BTC when retail investors are long. Bitcoin/U.S dollar (Optuma) Options markets have been giving bullish BTC signs as well, for the moment. When looking at BTC by strike price there is a large concentration of call option volume, and open interest at the $25,000 price level. For context, a call option gives the purchaser the right but not the obligation to buy BTC at a specific price level (the strike price). The existence of significant volume at a strike price above the current price can be viewed as an indication of bullish sentiment. BTC options open interest by strike price (Coinglass) Altcoin roundup How the Golden State Warriors Gamified Fandom With NFTs: Silicon Valley's National Basketball Association team tokenized its performance on the courts. This piece is part of CoinDesk's Sports Week. Read more here. ApeCoin Proposal to Fund 24-Hour BAYC News Site Wins Community Approval: The Bored Ape Gazette will focus on all Yuga Labs projects while including non-fungible token (NFT) market data. Read more here. Step Finance Acquires SolanaFloor to Provide DeFi, NFT Data Insights: Once a customer of SolanaFloor's, Step Finance is expanding from a focus on decentralized finance to also include non-fungible tokens. Read more here. Relevant insight Listen 🎧 : Today’s "CoinDesk Markets Daily" podcast discusses the latest market movements. US Senate Republican Seeking Bipartisan Support for Stablecoin Oversight Effort: The ranking Republican on the Senate Banking Committee is talking to Democrats, including Chairman Sherrod Brown, to gain broader support. Crypto Fund Variant Commits $450M to Backing Web3, DeFi Projects : A $150 million seed fund will focus on Web3 and a separate $300 million opportunities fund will double down on portfolio projects. Cross-Chain Bridge Nomad Reveals Crypto Heavyweight Backers for $22.4M Funding Round: Coinbase Ventures and OpenSea were among the additional backers named for the April funding round. French Lawmaker Calls for Crypto Committee as Legal Questions Loom: A new Senate grouping is needed to educate lawmakers about the risk of crime using virtual assets, the Centrist Union’s Nathalie Goulet told CoinDesk. What Is a Flash Loan?: A guide to one of DeFi’s most innovative and controversial features. US Sen. Brown Pressures Apple, Google on Fake Crypto Investing Apps: Senate Banking Committee Chairman Sherrod Brown sent letters to tech giants, questioning them on their efforts to prevent scams that are costing investors millions of dollars. First Mover Americas: No Recession for Bitcoin as U.S. GDP Shrinks, Zipmex Files for Bankruptcy: The latest price moves in crypto markets in context for July 28, 2022. Health and Fitness App Sweat Economy Raises $13M in Private Token Sale to Move to Web3: The company is teaming with Near Protocol to support the move. GDP Falls Further in Q2, Fueling Talk of a Recession: A widely used technical definition says that two consecutive quarters of negative GDP means the economy is in a recession. Other markets Biggest Gainers Asset Ticker Returns DACS Sector Loopring LRC +11.6% Smart Contract Platform Solana SOL +10.2% Smart Contract Platform Cosmos ATOM +9.3% Smart Contract Platform Biggest Losers There are no losers in CoinDesk 20 today. Sector classifications are provided via the Digital Asset Classification Standard (DACS) , developed by CoinDesk Indices to provide a reliable, comprehensive and standardized classification system for digital assets. The CoinDesk 20 is a ranking of the largest digital assets by volume on trusted exchanges. View comments... - Reddit Posts (Sample): [['u/mctm325', 'IMPORTANT: Double check your coin totals', 58, '2022-08-26 01:00', 'https://www.reddit.com/r/CelsiusNetwork/comments/wxsb0l/important_double_check_your_coin_totals/', "Make sure to download the .csv of all your transactions and rewards.\n\nThen add all of them up per coin and compare it to your balance on the dashboard.\n\nI just found that Celsius is underreporting how much BTC I should have - they neglected 16 transactions (deposits) and rewards. \n\nDon't know if it's an honest mistake or done on purpose by these scums, but it doesn't hurt to check.", 'https://www.reddit.com/r/CelsiusNetwork/comments/wxsb0l/important_double_check_your_coin_totals/', 'wxsb0l', [['u/TheForgetfulOptimist', 15, '2022-08-26 01:16', 'https://www.reddit.com/r/CelsiusNetwork/comments/wxsb0l/important_double_check_your_coin_totals/ilst5cu/', 'Interesting. Will have to compare', 'wxsb0l'], ['u/AyLou21', 11, '2022-08-26 04:00', 'https://www.reddit.com/r/CelsiusNetwork/comments/wxsb0l/important_double_check_your_coin_totals/ilteu96/', 'My balance has been accurate, luckily.\n\nBe sure to also record a video proof of your totals and balance. I recorded a video of myself logging in, googling that day’s date, clicking on my Celsius profile, holding up my DL and verifying each coin’s balances', 'wxsb0l']]], ['u/thtboyisnotOPM', 'lone’s xman tour sets are cool but i feel like his song selection caters more towards ken’s fanbase', 77, '2022-08-26 01:45', 'https://www.reddit.com/r/DestroyLonely/comments/wxtch6/lones_xman_tour_sets_are_cool_but_i_feel_like_his/', 'soon he should have his own shows where he performs his more unorthodox alternative songs like DANGEROUS, SWGSKOOL, MKEITSTOP, Groupie Btch. rn he’s out here performing more his rage friendly songs like <3MYGNG, 20YRS OLD, NOSTYLIST', 'https://www.reddit.com/r/DestroyLonely/comments/wxtch6/lones_xman_tour_sets_are_cool_but_i_feel_like_his/', 'wxtch6', [['u/oPurccz', 23, '2022-08-26 01:57', 'https://www.reddit.com/r/DestroyLonely/comments/wxtch6/lones_xman_tour_sets_are_cool_but_i_feel_like_his/ilsynuf/', 'or in the air that would go hard', 'wxtch6'], ['u/GodEmperorWaketh', 43, '2022-08-26 02:01', 'https://www.reddit.com/r/DestroyLonely/comments/wxtch6/lones_xman_tour_sets_are_cool_but_i_feel_like_his/ilsz7sl/', 'I need to experience lnly live', 'wxtch6'], ['u/somewherexusa', 31, '2022-08-26 02:21', 'https://www.reddit.com/r/DestroyLonely/comments/wxtch6/lones_xman_tour_sets_are_cool_but_i_feel_like_his/ilt1tll/', 'He played that', 'wxtch6'], ['u/Eli-1o', 13, '2022-08-26 03:03', 'https://www.reddit.com/r/DestroyLonely/comments/wxtch6/lones_xman_tour_sets_are_cool_but_i_feel_like_his/ilt7cxz/', 'needa hear crystlcstles live but his set should be longer cuz it’s not like ken is even much more popular than lone anymore', 'wxtch6'], ['u/ssparkk_', 28, '2022-08-26 03:06', 'https://www.reddit.com/r/DestroyLonely/comments/wxtch6/lones_xman_tour_sets_are_cool_but_i_feel_like_his/ilt7sqn/', 'Bro think he finna sing on stage or sum', 'wxtch6'], ['u/htdub14', 15, '2022-08-26 03:13', 'https://www.reddit.com/r/DestroyLonely/comments/wxtch6/lones_xman_tour_sets_are_cool_but_i_feel_like_his/ilt8q9q/', 'He is performing the songs that are meant to hit hard in concert and get you hype lmao y’all wanna be different so BAD edit ken and lone fanbases the same talking about he performing for kens fans😂 all love tho', 'wxtch6'], ['u/thtboyisnotOPM', 11, '2022-08-26 03:23', 'https://www.reddit.com/r/DestroyLonely/comments/wxtch6/lones_xman_tour_sets_are_cool_but_i_feel_like_his/ilta2jo/', 'carti and ken polluted y’all’s idea of a good concert bro not every song has to start a moshpit. you’ve never heard a chill song at a concert? 🤦🏾\u200d♂️', 'wxtch6'], ['u/WarholMoncler', 10, '2022-08-26 04:03', 'https://www.reddit.com/r/DestroyLonely/comments/wxtch6/lones_xman_tour_sets_are_cool_but_i_feel_like_his/iltfald/', "You see and that song goes crazy af it's not like you couldnt get lit to that. He really sells himself short playing what he does FR", 'wxtch6'], ['u/GodEmperorWaketh', 11, '2022-08-26 04:52', 'https://www.reddit.com/r/DestroyLonely/comments/wxtch6/lones_xman_tour_sets_are_cool_but_i_feel_like_his/iltlhh0/', 'Ong, he don’t be harmonizing', 'wxtch6'], ['u/Main-Cream-1115', 63, '2022-08-26 05:11', 'https://www.reddit.com/r/DestroyLonely/comments/wxtch6/lones_xman_tour_sets_are_cool_but_i_feel_like_his/iltnume/', 'no shit? xman tour', 'wxtch6'], ['u/billyjoz', 21, '2022-08-26 05:16', 'https://www.reddit.com/r/DestroyLonely/comments/wxtch6/lones_xman_tour_sets_are_cool_but_i_feel_like_his/iltofam/', 'mans said it in the title too 😂 no shit he not playing his less hype and popular songs on someone else tour', 'wxtch6']]], ['u/WorkingLime', 'Venezuelan Bolivar crashes after some months of apparent stability. BTC goes from 150,000 Bs. to 200,000 Bs.', 120, '2022-08-26 01:53', 'https://www.reddit.com/r/CryptoCurrency/comments/wxtj5w/venezuelan_bolivar_crashes_after_some_months_of/', "After months of the exchange rate being kinda stable, since the end of last week it went from 6 Bs. (Bolivares) / USD to reaching almost 10 Bs. / USD today. Official rate is lagging behind reaching almost 8 Bs. / USD today, this also creates a nice market (purchasing low and selling high), last months government has allowed the offica rate to slip to match the street rate, so it will catch it for sure.\n\nThis means also monthly minimum wage (130 Bs.) went from from around 22 USD to less than 14 USD (last year monthly minmum wage was under 2 USD).\n\nThis was translated directly to the cryptocurrencies (where market has remained stable), last week a BTC was trading around 150,000 Bs. not it's over 200,000 Bs. per BTC. Of course, price in USD is the same than the global market.\n\nLet's see how the stats end this week.\n\nThis reminds me years where exchange rate could doble daily. \n\nToday I saw people spending Bolivares like crazy to get rid of them ASAP, for sure trade volumes in Binance, LocalBitcoin, Reserve and AirTM are very high!\n\n[https://www.bloomberg.com/news/articles/2022-08-25/venezuelan-bolivar-s-crash-breaks-rare-stretch-of-stability](https://www.bloomberg.com/news/articles/2022-08-25/venezuelan-bolivar-s-crash-breaks-rare-stretch-of-stability)", 'https://www.reddit.com/r/CryptoCurrency/comments/wxtj5w/venezuelan_bolivar_crashes_after_some_months_of/', 'wxtj5w', [['u/DBRiMatt', 15, '2022-08-26 02:02', 'https://www.reddit.com/r/CryptoCurrency/comments/wxtj5w/venezuelan_bolivar_crashes_after_some_months_of/ilszdh3/', 'Ouch, suddenly one months income only getting you about half the amount of groceries?', 'wxtj5w'], ['u/Stone-D', 23, '2022-08-26 02:04', 'https://www.reddit.com/r/CryptoCurrency/comments/wxtj5w/venezuelan_bolivar_crashes_after_some_months_of/ilszl40/', '> This means also monthly minimum wage (130 Bs.) went from from around 22 USD to less than 14 USD\n\nThat really sucks.', 'wxtj5w'], ['u/WorkingLime', 12, '2022-08-26 02:07', 'https://www.reddit.com/r/CryptoCurrency/comments/wxtj5w/venezuelan_bolivar_crashes_after_some_months_of/ilszzw4/', 'Exactly', 'wxtj5w'], ['u/Ethan0307', 11, '2022-08-26 02:23', 'https://www.reddit.com/r/CryptoCurrency/comments/wxtj5w/venezuelan_bolivar_crashes_after_some_months_of/ilt214t/', 'Imagine the value of your money just dumping in a flash feels bad', 'wxtj5w'], ['u/WorkingLime', 11, '2022-08-26 02:23', 'https://www.reddit.com/r/CryptoCurrency/comments/wxtj5w/venezuelan_bolivar_crashes_after_some_months_of/ilt236z/', 'I have more hope in any shitcoin than in the Bolivar.....', 'wxtj5w'], ['u/WorkingLime', 12, '2022-08-26 02:41', 'https://www.reddit.com/r/CryptoCurrency/comments/wxtj5w/venezuelan_bolivar_crashes_after_some_months_of/ilt4ehk/', 'Bitcoin ALWAYS goes up in Venezuela.', 'wxtj5w'], ['u/JustLikeEeyore', 45, '2022-08-26 03:12', 'https://www.reddit.com/r/CryptoCurrency/comments/wxtj5w/venezuelan_bolivar_crashes_after_some_months_of/ilt8le4/', "Well , I don't suppose Venezuelans can now say they wouldn't use Bitcoin as a currency only because it's too volatile to be one.", 'wxtj5w'], ['u/deathbyfish13', 13, '2022-08-26 03:17', 'https://www.reddit.com/r/CryptoCurrency/comments/wxtj5w/venezuelan_bolivar_crashes_after_some_months_of/ilt96t1/', 'Monthly? Jesus christ, really puts things in perspective', 'wxtj5w'], ['u/Machete521', 15, '2022-08-26 03:27', 'https://www.reddit.com/r/CryptoCurrency/comments/wxtj5w/venezuelan_bolivar_crashes_after_some_months_of/iltajj3/', 'This isnt the lesson I was hoping for tbh', 'wxtj5w'], ['u/WorkingLime', 10, '2022-08-26 03:57', 'https://www.reddit.com/r/CryptoCurrency/comments/wxtj5w/venezuelan_bolivar_crashes_after_some_months_of/iltej3b/', 'Here anything can be a currency, we have even used tuna cans', 'wxtj5w'], ['u/WorkingLime', 13, '2022-08-26 04:17', 'https://www.reddit.com/r/CryptoCurrency/comments/wxtj5w/venezuelan_bolivar_crashes_after_some_months_of/ilth28g/', 'Not at this level.. we are talking about 50% FX drop in one week', 'wxtj5w']]], ['u/Maharaj-Ka-Mor', 'The Commonwealth Primaries of 1928 \| Peacock-Shah Alternate Elections', 33, '2022-08-26 03:12', 'https://www.reddit.com/r/Presidentialpoll/comments/wxvaj4/the_commonwealth_primaries_of_1928_peacockshah/', 'The Liberal/Commonwealth Land Alliance has successfully vaulted itself to become the second largest party in the nation, yet, with the most turbulent party system in American history, all bets are off the election of 1928 as the race for the Commonwealth nod pits two eccentrics against one another as a former President waits in the wings and an 86 year old relic of the Bragg era defends the interests of the rich Caribbean.\n\n&#x200B;\n\nhttps://preview.redd.it/j8btcbksiyj91.png?width=1070&format=png&auto=webp&s=328478a6dd3665fe6ce7d6fd32eed9ff780c1b90\n\nWill Rogers: Born a citizen of the Cherokee Nation in Georgia, 49 year old humorist and journalist Will Rogers has entertained millions through vaudeville, film, ... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['(Reuters) -Bitcoin dipped below $20,000 on Saturday, continuing a drop that has taken it down nearly 60% from its year high.\nBitcoin, the world\'s biggest and best-known cryptocurrency, was last down 1.5% at $19,946 on Saturday, down $298 from its previous close.\nIt is down 58.7% from the year\'s high of $48,234 hit on March 28.\nEther, the coin linked to the ethereum blockchain network, meanwhile dipped 2.76 % to $1,467.2, losing $41.60 from its previous close.\nBitcoin\'s fall comes after a weak day on Friday for the currency, which fell as Wall Street slumped with all three benchmarks ending more than 3% lower.\nThe weakness in risk assets came after Federal Reserve Chief Jerome Powell cautioned against expecting a swift end to its rate tightening. The Fed\'s actions on interest rates has caused some investors to forecast more pain for equities.\n"Bitcoin broke below 20,000 as investors expect a weekend full of pessimism from Jackson Hole to drag down sentiment," Edward Moya, senior market analyst at OANDA, said on Saturday.\n"European and Asian central bankers will likely be much more pessimistic than Fed Chair Powell and that has many traders bracing for a weak open on Sunday night," he added.\nBitcoin was last below $20,000 in mid-July.\n(Reporting by Akriti Sharma in Bengaluru and Megan Davies in New York; Editing by Bill Berkrot and Chizu Nomiyama)', '(Reuters) -Bitcoin dipped below $20,000 on Saturday, continuing a drop that has taken it down nearly 60% from its year high.\nBitcoin, the world\'s biggest and best-known cryptocurrency, was last down 1.5% at $19,946 on Saturday, down $298 from its previous close.\nIt is down 58.7% from the year\'s high of $48,234 hit on March 28.\nEther, the coin linked to the ethereum blockchain network, meanwhile dipped 2.76 % to $1,467.2, losing $41.60 from its previous close.\nBitcoin\'s fall comes after a weak day on Friday for the currency, which fell as Wall Street slumped with all three benchmarks ending more than 3% lower.\nThe weakness in risk assets came after Federal Reserve Chief Jerome Powell cautioned against expecting a swift end to its rate tightening. The Fed\'s actions on interest rates has caused some investors to forecast more pain for equities.\n"Bitcoin broke below 20,000 as investors expect a weekend full of pessimism from Jackson Hole to drag down sentiment," Edward Moya, senior market analyst at OANDA, said on Saturday.\n"European and Asian central bankers will likely be much more pessimistic than Fed Chair Powell and that has many traders bracing for a weak open on Sunday night," he added.\nBitcoin was last below $20,000 in mid-July.\n(Reporting by Akriti Sharma in Bengaluru and Megan Davies in New York; Editing by Bill Berkrot and Chizu Nomiyama)', '(Reuters) -Bitcoin dipped below $20,000 on Saturday, continuing a drop that has taken it down nearly 60% from its year high.\nBitcoin, the world\'s biggest and best-known cryptocurrency, was last down 1.5% at $19,946 on Saturday, down $298 from its previous close.\nIt is down 58.7% from the year\'s high of $48,234 hit on March 28.\nEther, the coin linked to the ethereum blockchain network, meanwhile dipped 2.76 % to $1,467.2, losing $41.60 from its previous close.\nBitcoin\'s fall comes after a weak day on Friday for the currency, which fell as Wall Street slumped with all three benchmarks ending more than 3% lower.\nThe weakness in risk assets came after Federal Reserve Chief Jerome Powell cautioned against expecting a swift end to its rate tightening. The Fed\'s actions on interest rates has caused some investors to forecast more pain for equities.\n"Bitcoin broke below 20,000 as investors expect a weekend full of pessimism from Jackson Hole to drag down sentiment," Edward Moya, senior market analyst at OANDA, said on Saturday.\n"European and Asian central bankers will likely be much more pessimistic than Fed Chair Powell and that has many traders bracing for a weak open on Sunday night," he added.\nBitcoin was last below $20,000 in mid-July.\n(Reporting by Akriti Sharma in Bengaluru and Megan Davies in New York; Editing by Bill Berkrot and Chizu Nomiyama)', '(Reuters) -Bitcoin dipped below $20,000 on Saturday, continuing a drop that has taken it down nearly 60% from its year high. Bitcoin, the world\'s biggest and best-known cryptocurrency, was last down 1.5% at $19,946 on Saturday, down $298 from its previous close. It is down 58.7% from the year\'s high of $48,234 hit on March 28. Ether, the coin linked to the ethereum blockchain network, meanwhile dipped 2.76 % to $1,467.2, losing $41.60 from its previous close. Bitcoin\'s fall comes after a weak day on Friday for the currency, which fell as Wall Street slumped with all three benchmarks ending more than 3% lower. The weakness in risk assets came after Federal Reserve Chief Jerome Powell cautioned against expecting a swift end to its rate tightening. The Fed\'s actions on interest rates has caused some investors to forecast more pain for equities. "Bitcoin broke below 20,000 as investors expect a weekend full of pessimism from Jackson Hole to drag down sentiment," Edward Moya, senior market analyst at OANDA, said on Saturday. "European and Asian central bankers will likely be much more pessimistic than Fed Chair Powell and that has many traders bracing for a weak open on Sunday night," he added. Bitcoin was last below $20,000 in mid-July. (Reporting by Akriti Sharma in Bengaluru and Megan Davies in New York; Editing by Bill Berkrot and Chizu Nomiyama) View comments', '(Reuters) -Bitcoin dipped below $20,000 on Saturday, continuing a drop that has taken it down nearly 60% from its year high.\nBitcoin, the world\'s biggest and best-known cryptocurrency, was last down 1.5% at $19,946 on Saturday, down $298 from its previous close.\nIt is down 58.7% from the year\'s high of $48,234 hit on March 28.\nEther, the coin linked to the ethereum blockchain network, meanwhile dipped 2.76 % to $1,467.2, losing $41.60 from its previous close.\nBitcoin\'s fall comes after a weak day on Friday for the currency, which fell as Wall Street slumped with all three benchmarks ending more than 3% lower.\nThe weakness in risk assets came after Federal Reserve Chief Jerome Powell cautioned against expecting a swift end to its rate tightening. The Fed\'s actions on interest rates has caused some investors to forecast more pain for equities.\n"Bitcoin broke below 20,000 as investors expect a weekend full of pessimism from Jackson Hole to drag down sentiment," Edward Moya, senior market analyst at OANDA, said on Saturday.\n"European and Asian central bankers will likely be much more pessimistic than Fed Chair Powell and that has many traders bracing for a weak open on Sunday night," he added.\nBitcoin was last below $20,000 in mid-July.\n(Reporting by Akriti Sharma in Bengaluru and Megan Davies in New York; Editing by Bill Berkrot and Chizu Nomiyama)', '(Reuters) -Bitcoin dipped below $20,000 on Saturday, continuing a drop that has taken it down nearly 60% from its year high. Bitcoin, the world\'s biggest and best-known cryptocurrency, was last down 1.5% at $19,946 on Saturday, down $298 from its previous close. It is down 58.7% from the year\'s high of $48,234 hit on March 28. Ether, the coin linked to the ethereum blockchain network, meanwhile dipped 2.76 % to $1,467.2, losing $41.60 from its previous close. Bitcoin\'s fall comes after a weak day on Friday for the currency, which fell as Wall Street slumped with all three benchmarks ending more than 3% lower. The weakness in risk assets came after Federal Reserve Chief Jerome Powell cautioned against expecting a swift end to its rate tightening. The Fed\'s actions on interest rates has caused some investors to forecast more pain for equities. "Bitcoin broke below 20,000 as investors expect a weekend full of pessimism from Jackson Hole to drag down sentiment," Edward Moya, senior market analyst at OANDA, said on Saturday. "European and Asian central bankers will likely be much more pessimistic than Fed Chair Powell and that has many traders bracing for a weak open on Sunday night," he added. Bitcoin was last below $20,000 in mid-July. (Reporting by Akriti Sharma in Bengaluru and Megan Davies in New York; Editing by Bill Berkrot and Chizu Nomiyama)', '(Adds analyst comment in paragraph 7, 8)\nAug 27 (Reuters) - Bitcoin dipped below $20,000 on Saturday, continuing a drop that has taken it down nearly 60% from its year high.\nBitcoin, the world\'s biggest and best-known cryptocurrency, was last down 1.5% at $19,946 on Saturday, down $298 from its previous close.\nIt is down 58.7% from the year\'s high of $48,234 hit on March 28.\nEther, the coin linked to the ethereum blockchain network, meanwhile dipped 2.76 % to $1,467.2, losing $41.60 from its previous close.\nBitcoin\'s fall comes after a weak day on Friday for the currency, which fell as Wall Street slumped with all three benchmarks ending more than 3% lower.\nThe weakness in risk assets came after Federal Reserve Chief Jerome Powell cautioned against expecting a swift end to its rate tightening. The Fed\'s actions on interest rates has caused some investors to forecast more pain for equities.\n"Bitcoin broke below 20,000 as investors expect a weekend full of pessimism from Jackson Hole to drag down sentiment," Edward Moya, senior market analyst at OANDA, said on Saturday.\n"European and Asian central bankers will likely be much more pessimistic than Fed Chair Powell and that has many traders bracing for a weak open on Sunday night," he added.\nBitcoin was last below $20,000 in mid-July. (Reporting by Akriti Sharma in Bengaluru and Megan Davies in New York; Editing by Bill Berkrot and Chizu Nomiyama)', '(Adds analyst comment in paragraph 7, 8) Aug 27 (Reuters) - Bitcoin dipped below $20,000 on Saturday, continuing a drop that has taken it down nearly 60% from its year high. Bitcoin, the world\'s biggest and best-known cryptocurrency, was last down 1.5% at $19,946 Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-08-27 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $386,152,170,862 - Hash Rate: 204358072.2695853 - Transaction Count: 225420.0 - Unique Addresses: 605125.0 Social & AI Sentiment: - Fear & Greed Index: 0.28 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Beleaguered crypto lender Celsius deposited $500 million in wrapped bitcoin ( WBTC ), a bitcoin derivative product of the Ethereum blockchain, to crypto exchange FTX just hours after Celsius repaid its debt to the decentralized lending protocol Maker and reclaimed $450 million of collateral in WBTC. Blockchain transaction data shared by blockchain data firm Nansen shows that a wallet linked to Celsius sent 24,463 WBTC to the FTX in various steps. Celsius dunking 24k $WBTC (half a billion dollars worth) onto FTX. Nothing to see here. pic.twitter.com/phFcDZXZ7H — Nansen Intern 🧭 (@nansen_intern) July 7, 2022 Earlier Thursday , CoinDesk reported Celsius reclaimed 21,963 wrapped bitcoin (WBTC) tokens after it fully paid off its debt to Maker. Celsius already redeemed a 2,000 WBTC installment of the collateral on Tuesday. Fundstrat analyst Walter Teng said that Celsius's "de-leveraging activity on-chain will add sell-side pressure to assets that have been used as collateral," including WBTC, which has been the firm's largest holding pledged against its decentralized finance (DeFi) loans. The move suggests that Celsius might sell the assets for more liquid assets, although market data on the exchange did not indicate that it had already happened. At press time, WBTC traded closely in tandem with bitcoin, changing hands at $21,600, up 6% in the last 24 hours. Volume and price action did not indicate that Celsius started to sell its WBTC holding yet. (FTX) Celsius halted withdrawals and all user transfers starting in June, citing "extreme market conditions" that led to fears that the lender might face insolvency. The firm also hired restructuring advisers, while regulators also started investigations into the crypto lender's operation in several U.S. states. Last week, the company said in a statement that it was exploring options to "preserve and protect assets" in consultation with experts, which can include “pursuing strategic transactions” and “restructuring its liabilities,” as reported . Story continues Read more: How Crypto Lender Celsius Overheated... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["For the first week in a while, the non-crypto world was louder than the crypto world. Everyone is talking about: How U.S. President Biden is paying off everyone’s student loans (through the Public Service Loan Forgiveness program) How Fed Chair Jerome Powell was skiing with all his friends in the Tetons (at the Jackson Hole Economic Policy Symposium ) How Professional Smart Guy Zoltan Pozsar is scaring the living daylights out of us again by writing: “The unfolding economic war between great powers is stochastic and not linear” (in a research note titled “ War and Interest Rates ”) Meanwhile, no one is talking about if bitcoin (BTC) is or isn’t an inflation hedge. Thankfully (unthankfully?) each of the things everyone is talking about is (at least loosely) tied to inflation in some way. So I’ll do it. I’ll write about if bitcoin is or isn’t an inflation hedge. Because everything is about inflation and everything is about bitcoin (even things that aren’t about bitcoin). Stochastic means “random,” by the way. You’re reading Crypto Long & Short , our weekly newsletter featuring insights, news and analysis for the professional investor. Sign up here to get it in your inbox every Sunday. Is canceling student debt inflationary? First off, the U.S. government isn’t paying off everyone's student loans. What the Biden administration announced was that people who both hold federal government student loans and earn less than $125,000 a year will have either $10,000 or $20,000 of their student loan balance forgiven. There are nitty-gritty details (which you can get by listening to this NASFAA podcast ), but the main question we want to answer is if this is inflationary or not. Here’s an argument that it will be: Canceling student loan debt will put money in the pockets of Americans and those Americans will use that money to buy more immediately. The immediate consumption bump will meaningfully contribute to more inflation. Here’s an argument that it will not be : Canceling student loan debt will leave money in the pockets of Americans and those Americans will use that money to consume more gradually over the course of their lives. The gradual consumption bump won’t meaningfully contribute to more inflation. Story continues I very much like the argument that canceling student debt won’t be immediately inflationary. Yes, the coronavirus pandemic stimulus checks were, but there is an important psychological difference between handing someone a $3,200 check and handing them an official letter saying they owe $10,000 less on an outstanding loan. Does student debt cancellation take pressure off Jerome Powell? No, probably not. Probably the opposite. While the White House introduced a program that isn’t obviously inflationary on the surface, the Federal Reserve chair is still digging deep for his Volcker (without going full Volcker ) moment. When Powell faced central bankers, economists and the American people Friday morning with his prepared remarks in Jackson, Wyoming, he said that “history cautions against prematurely loosening policy,” which basically means, “We’re going to stay the course because if we change course again, you’re really not going to believe us anymore.” Powell (and the Fed) is also digging deep for credibility. CoinDesk’s Adam B. Levine , host of the ”Markets Daily” podcast , made one of the best arguments for that in last week’s episode where he said : “... [H]istory suggests that the [Fed’s] decision [on interest rates] will remain far below the [necessary] interest rate which is required to deal with inflation. For much of the 1970s and 1980s, the last time we saw comparable price inflation, the rate that the Fed set was somewhere between 8% [and] 20%, many times higher than what the Fed is suggesting now. So while central banks and markets will play games with each other, it may all be for show to look serious about the problem when the proposed solution doesn’t really have a chance to solve anything.” What Adam Levine is using to make that assertion is the Taylor rule , a rule of thumb used by central banks to set interest rates at a level that will effectively combat inflation. By his estimation, the Taylor rule suggests that rates need to be >9% to even begin to deal with the behavioral changes long-term rising inflation leads to. I tend to agree with Levine and don’t think that the markets believe policymakers anymore. Powell is stuck between a rock and a hard place (at least he’s stuck between some really nice looking rocks in Jackson Hole). Is war inflationary? Pozsar makes it clear in the aforementioned research note that he thinks so. I think the note is worth reading in full, but here is a summary in case you don’t read it: Supply is outpacing demand because we went from a world where a) cheap immigrant labor in the U.S., b) cheap goods from China and c) cheap Russian gas propped up low inflation to a world where a) nativist immigration policies drove wage pressures in the U.S., b) China’s zero-COVID-19 policy hurt the flow of cheap goods and c) a Russian war in Ukraine has led to skyrocketing gas prices in Europe prop up high inflation. Here’s the punctuating quote: “Welcome to the war economy … … where heads of state matter more than heads of central banks.” Can bitcoin save us? OK – we didn’t solve inflation last week, so now onto crypto’s preeminent inflation hedge : bitcoin. With inflationary forces still out there, investors are thinking about how best to protect themselves. Is bitcoin a way to do that? I’m not sure. From a market perspective, no, not at all. In recent memory, bitcoin has been correlated with stocks . Stocks aren’t supposed to be inflation hedges; less-risky things like gold and commodities are. So bitcoin’s price following (or leading) stocks makes bitcoin not really appear like an inflation hedge. There are two threads worth following here. First, maybe inflation isn’t about the price of goods increasing, it’s about currency debasement. Some variation of this chart is pretty popular in bitcoin circles: Global M2 and bitcoin’s price (@mrblonde_macro) As Global M2 – the amount of money in circulation – changes year over year, it appears that bitcoin’s market value follows. In short, as economies introduce money into circulation, bitcoin’s price goes up because the additional money in circulation dilutes the rest of the existing money in circulation. So this supports the idea that bitcoin is a hedge against currency debasement (a fancy way to describe the dilution of money in circulation). I’m not sure the data strongly supports this idea. Sure, there’s a visual relationship in the previous chart, but the rolling 30-month correlation coefficient between U.S. M2 and bitcoin’s value moves from negative to slightly positive (see the two following charts). Statistically, this doesn’t really tell you anything. Maybe the move is due to bitcoin maturing over time as it approaches its final resting place as an inflation hedge? I know the U.S. doesn’t stand in for the entire world economy, but still. Year-over-year change of U.S. M2 and bitcoin market capitalization (FRED, TradingView) 30-month rolling correlation between M2 and Bitcoin (FRED, TradingView) Second, and more concretely, if you agree that we are in a war economy “where heads of state matter more than heads of central banks,” bitcoin is probably investable simply because it is separate from the “heads of state.” I’m not saying bitcoin’s price is immune to the acts of heads of state, but I am saying that bitcoin isn’t issued by any country and that the broader network a) doesn’t need any particular country and b) is resilient enough to buck China banning it . So, in the event that bitcoin doesn’t behave as an inflation hedge, there might be something to be said for it acting as a way to bet on the separation of money and state.", "For the first week in a while, the non-crypto world was louder than the crypto world. Everyone is talking about: How U.S. President Biden is paying off everyone’s student loans (through the Public Service Loan Forgiveness program) How Fed Chair Jerome Powell was skiing with all his friends in the Tetons (at the Jackson Hole Economic Policy Symposium ) How Professional Smart Guy Zoltan Pozsar is scaring the living daylights out of us again by writing: “The unfolding economic war between great powers is stochastic and not linear” (in a research note titled “ War and Interest Rates ”) Meanwhile, no one is talking about if bitcoin (BTC) is or isn’t an inflation hedge. Thankfully (unthankfully?) each of the things everyone is talking about is (at least loosely) tied to inflation in some way. So I’ll do it. I’ll write about if bitcoin is or isn’t an inflation hedge. Because everything is about inflation and everything is about bitcoin (even things that aren’t about bitcoin). Stochastic means “random,” by the way. You’re reading Crypto Long & Short , our weekly newsletter featuring insights, news and analysis for the professional investor. Sign up here to get it in your inbox every Sunday. Is canceling student debt inflationary? First off, the U.S. government isn’t paying off everyone's student loans. What the Biden administration announced was that people who both hold federal government student loans and earn less than $125,000 a year will have either $10,000 or $20,000 of their student loan balance forgiven. There are nitty-gritty details (which you can get by listening to this NASFAA podcast ), but the main question we want to answer is if this is inflationary or not. Here’s an argument that it will be: Canceling student loan debt will put money in the pockets of Americans and those Americans will use that money to buy more immediately. The immediate consumption bump will meaningfully contribute to more inflation. Here’s an argument that it will not be : Canceling student loan debt will leave money in the pockets of Americans and those Americans will use that money to consume more gradually ov Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-08-28 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $382,513,508,770 - Hash Rate: 226907928.5200224 - Transaction Count: 202109.0 - Unique Addresses: 547812.0 Social & AI Sentiment: - Fear & Greed Index: 0.28 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Figure 1 Figure 2 Figure 3 Figure 4 Figure 5 Figure 6 Chart Operating guidance increased from 3.7 EH/s to 4.3 EH/s in 2022 Mackenzie development activities progressing ahead of schedule SYDNEY, Australia, July 07, 2022 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ:IREN) (“Iris Energy” or “the Company”), a leading sustainable Bitcoin miner which is building an institutional-grade infrastructure platform (4.3 EH/s expected to be operational by the end of Q4 2022), today published a monthly investor update for June 2022, containing its results from operations as well as construction and development updates. Key highlights1 [{"Key metrics2": "Average operating hashrate (PH/s)", "Jun-22": "1,164"}, {"Key metrics2": "Bitcoin mined3", "Jun-22": "148"}, {"Key metrics2": "Mining revenue (US$'000)", "Jun-22": "3,546"}, {"Key metrics2": "Electricity costs (US$'000)4", "Jun-22": "1,315"}, {"Key metrics2": "Revenue per Bitcoin (US$)", "Jun-22": "23,925"}, {"Key metrics2": "Electricity costs per Bitcoin (US$)", "Jun-22": "8,875"}] • Corporate:Operating capacity guidance increased from 3.7 EH/s to 4.3 EH/s by the end of Q4 2022Deferral of additional major capital expenditure for work beyond the initial 4.3 EH/s of operating capacityPreservation of balance sheet flexibility having regard to market conditions and available financing terms • Operations:Average operating hashrate of 1,164 PH/sMonthly operating revenue of US$3.5 million148 Bitcoin mined • Development:Development has progressed ahead of schedule for expansion from 50MW to 80MW at the Mackenzie site, now expected to be operating by the end of Q4 2022 (previously 2023) • Construction:Mackenzie (2.1 EH/s, 50MW initial / 80MW total – BC, Canada)Internal data center fit out complete for the remainder of the first 50MWAll major equipment installed in the substation; testing and commissioning ongoingPrince George (1.4 EH/s, 50MW – BC, Canada)Foundation works complete for all three data center buildings (2 x 20MW, 1 x 10MW)Building construction advanced on the first and second data center buildings (20MW and 10MW), with the third data center building (20MW) underwayErection of the structural steel in the substation progressingChildress (preparatory construction activities – Texas, USA)Preparatory construction activities remain ongoingProcurement and early works continued with all required construction permits in placeKey long-lead items have been purchased (including step-down transformers and associated circuit breakers) Corporate update On June 21, 2022, the Company announced that, given current market conditions, it intends to defer additional major capital expenditure for work beyond the initial 4.3 EH/s of operating capacity to preserve balance sheet flexibility. The Company has explored multiple financing options presented to it in recent months, and has determined that maintaining balance sheet flexibility is prudent having regard to market conditions and available financing terms. As market conditions have deteriorated, the Company continues to believe this is the prudent approach. As a result, the Company expects to defer major additional capital expenditure until the current market uncertainty subsides and financing terms improve. The Company will continue to monitor funding markets closely, and if conditions become favorable, the Company expects to explore raising additional capital. The Company has made $130m of payments in respect of contracted miners above the initial 4.3 EH/s, which are subject to ongoing discussions.5The Company’s planning and contractual arrangements have also mitigated material financial commitments to the broader buildout of Childress infrastructure beyond ongoing preparatory construction activities. While the Company continues to target expansion of total operating capacity above 4.3 EH/s, such plans are expected to be delayed and the Company will continue to review such plans in light of evolving market conditions. The Company expects to continue liquidating Bitcoin mining rewards on a daily basis, as has been the case since Iris Energy started mining Bitcoin in 2019, including when Bitcoin hit an all-time high of approximately $68,000 in November 2021. As of May 31, 2022, the Company had approximately (preliminary unaudited)6: • $454m of total equity • Nil corporate-level debt7 • $93m of cash (after expected remaining capital expenditure to achieve the initial 4.3 EH/s)8 • $317m investment in miners and infrastructure expected in order to achieve the initial 4.3 EH/s9 • $130m of payments in respect of contracted miners above the initial 4.3 EH/s • $19m of deposits and prepayments10with AEP for the 600MW high-voltage electrical connection at Childress 4.3 EH/s of operating capacity would represent illustrative annualized mining profit of $67m (based on a $20k Bitcoin price11) if installed and operating today. Canal Flats update (0.8 EH/s, 30MW) – BC, Canada Canal Flats has been powered by 100% renewable energy since inception.12 Canal Flats achieved average monthly operating hashrate in June of 872 PH/s, in line with May (873 PH/s). The project continues to exceed previously announced site capacity of 0.7 EH/s. Mackenzie update (2.1 EH/s, 50MW initial / 80MW total) – BC, Canada Mackenzie has been powered by 100% renewable energy since inception.12 The initial 9MW at Mackenzie achieved average monthly operating hashrate in June of 292 PH/s, in line with May (292 PH/s). Construction of the remainder of the first 1.5 EH/s (50MW) remains on track for Q3 2022. The internal fit out of the data center buildings is complete and commissioning activities are underway. All major electrical equipment has been installed in the substation and testing and commissioning activities are ongoing. Construction of the high voltage connection to the BC Hydro transmission network has commenced. Upon completion, 80MW of proprietary data centers are expected to power an additional ~22,000 Bitmain S19j Pro and S19j miners (already under contract), generating 2.1 EH/s of incremental hashrate. See Mackenzie construction progress video athttps://www.youtube.com/watch?v=Ac1F4h0n7xg&t=7s. Prince George update (1.4 EH/s, 50MW) – BC, Canada Foundations and structural steel for the three data center buildings (2 x 20MW, 1 x 10MW) is complete. Remaining building construction is advanced on the first and second data center building (20MW and 10MW) and is underway for the third data center building (20MW). Internal fit out of the first data center building (20MW) and second data center building (10MW) is also progressing. Prince George remains on track to be energized by the end of Q3 2022 and upon completion, 50MW of proprietary data centers are expected to power an additional ~15,000 Bitmain S19j Pro and S19j miners (already under contract), generating 1.4 EH/s of incremental hashrate. Childress update – Texas, USA As previously announced, the Company intends to defer additional major capital expenditure related to the broader buildout of Childress infrastructure. Preparatory construction activities are intended to continue at Childress in order to preserve the opportunity to scale once market conditions improve. Procurement and early construction activities continued to progress (all required construction permits are in place). Construction of the access road to the main development area and site civil works are ongoing. Purchase orders have been placed on key long-lead items, including the 345kV step-down transformer, 138kV step-down transformer and associated circuit breakers. Community engagement Iris Energy is proud to announce the Community Grants Program for Childress is open for applications. The program is a key component of our commitment to making a positive contribution to the local communities in which we operate. The program will provide funding for local initiatives that benefit the Childress community in the areas of community participation, sustainability, safety, diversity, technology and learning. For more information or to access the Community Grants Program application form please click the link:https://forms.irisenergy.co/community-grants-program-texas. Future development sites Development works continued across additional sites in Canada, the USA and Asia-Pacific, which have the potential to support up to an additional >1GW of aggregate power capacity capable of powering growth beyond the Company’s 795MW of announced power capacity. Operating and financial results Daily average operating hashrate chartis available athttps://www.globenewswire.com/NewsRoom/AttachmentNg/59815260-e3ee-45c8-9f4d-5f5d04507372 Technical commentary The Company’s average operating hashrate was 1,164 PH/s in June. The decrease in electricity costs in June compared to May was primarily due to one less day in the month as well as foreign exchange impacts. The comparatively higher electricity costs per Bitcoin mined across May and June (vs. April) are attributable to the Company paying a higher interim unit cost of power at Mackenzie via the 9MW temporary 25kV distribution feed. Rates at Mackenzie are expected to revert to the same lower transmission rate as Canal Flats upon commissioning of the remainder of the first 50MW in Q3 2022. [{"Operating": "Renewable energy usage (MW)13", "Apr-22": "33", "May-22": "37", "Jun-22": "36"}, {"Operating": "Avg operating hashrate (PH/s)", "Apr-22": "1,038", "May-22": "1,165", "Jun-22": "1,164"}] * Reflects actual recorded operating power usage and hashrate (not nameplate). Note: nameplate capacity is higher than actual operating power usage due to features of the Company’s proprietary data center design which utilizes variable speed fans to reduce power consumption during cooler months, as well as the Company maintaining a buffer within its infrastructure capacity that can be also directed to other site uses (e.g. in-house fabrication shop at Canal Flats is currently operating as Iris Energy has the advantage of saving time and costs... - Reddit Posts (Sample): [['u/-Clayford08-', 'What brought YOU into crypto?', 70, '2022-08-28 00:31', 'https://www.reddit.com/r/CryptoCurrency/comments/wzfe5f/what_brought_you_into_crypto/', "Each day, I see more and more contrasting posts in this sub. Some even attacking others indirectly. Contrarians are most certainly welcome. Having new ideas and differing opinions leads to growth in an industry, Steve Jobs specifically hired differing minds to work for Apple, to turn it into the company we know it as today. It's just interesting to see how much this community has expanded and evolved into what it is today.\n\nThis post isn't to debate about who's right or wrong, I merely would like to know what drew you into the crypto market. If creating personal wealth is the only thing you sought, it's not a right or wrong answer, I'm genuinely just curious. Some people took a political stance. I'm sure some just enjoy the memes.\n\nWhen I joined the crypto community there were only a few cryptos on the market: Bitcoin, Litecoin, Namecoin, and Peercoin. The majority of users at that time saw Bitcoin as an escape from fiat and governmental dominance over money. The housing market in the US was finally starting to rebound. Many of the users at that time were cypherpunks, libertarians, and let's not forget the silk road users. It was not nearly as diverse of a community as it is today.\n\nMy question to all of you beautiful people is what drew you into crypto, what projects immediately caught your eye, and have your opinions changed?", 'https://www.reddit.com/r/CryptoCurrency/comments/wzfe5f/what_brought_you_into_crypto/', 'wzfe5f', [['u/pbjclimbing', 87, '2022-08-28 00:31', 'https://www.reddit.com/r/CryptoCurrency/comments/wzfe5f/what_brought_you_into_crypto/im24c60/', 'The chance to make $$$$', 'wzfe5f'], ['u/ImaFreemason', 26, '2022-08-28 00:36', 'https://www.reddit.com/r/CryptoCurrency/comments/wzfe5f/what_brought_you_into_crypto/im24yqz/', 'Figured I make a quick couple million, but the market had other ideas for me.', 'wzfe5f'], ['u/BusinessBreakfast3', 18, '2022-08-28 00:37', 'https://www.reddit.com/r/CryptoCurrency/comments/wzfe5f/what_brought_you_into_crypto/im252s3/', 'Greed.', 'wzfe5f'], ['u/CryptoTheNews', 14, '2022-08-28 00:38', 'https://www.reddit.com/r/CryptoCurrency/comments/wzfe5f/what_brought_you_into_crypto/im2574w/', 'making a quick couple million only works when you start with a couple billion', 'wzfe5f'], ['u/fan_of_hakiksexydays', 45, '2022-08-28 00:44', 'https://www.reddit.com/r/CryptoCurrency/comments/wzfe5f/what_brought_you_into_crypto/im25x4y/', 'The 2008 financial crisis.\n\nAfter all the dust settled in the subsequent years, and I found out all the bullshit that had happened, that\'s when I started to think "hey maybe those computer hacker nerds doing that new Bitcoin stuff may be on to something".', 'wzfe5f'], ['u/Shaz170', 37, '2022-08-28 00:58', 'https://www.reddit.com/r/CryptoCurrency/comments/wzfe5f/what_brought_you_into_crypto/im27rr6/', 'Same. Then I discovered how to lose $$$$ but stayed anyway.', 'wzfe5f'], ['u/BusinessBreakfast3', 19, '2022-08-28 01:06', 'https://www.reddit.com/r/CryptoCurrency/comments/wzfe5f/what_brought_you_into_crypto/im28t6b/', "I knew immediately. It was the reason I went in. I wanted to make more money.\n\nBut after my first year, I stayed because of different reasons.\n\nNow, I'm fully on board with the revolution. I don't trade, I don't speculate, I'm not interested in making more FIAT money.\n\nCryptocurrency is the future.", 'wzfe5f'], ['u/scalper84', 14, '2022-08-28 02:00', 'https://www.reddit.com/r/CryptoCurrency/comments/wzfe5f/what_brought_you_into_crypto/im2fjdq/', 'Like every normal person in here…\nDrugs ofc 😎', 'wzfe5f'], ['u/meeleen223', 12, '2022-08-28 02:44', 'https://www.reddit.com/r/CryptoCurrency/comments/wzfe5f/what_brought_you_into_crypto/im2kzww/', 'Then I lost money but stayed for moons anyway', 'wzfe5f']]], ['u/BobWalsch', 'Scumbag lost $400 000 of inheritance money and was supposed to split with his sister', 72, '2022-08-28 03:16', 'https://www.reddit.com/r/Buttcoin/comments/wzitk3/scumbag_lost_400_000_of_inheritance_money_and_was/', 'EDIT: SORRY the original post is 8 years old! Zenglish hard, not fist language. Zinternet hard too.\n\n\nAnd the genius think he can win it back trading cryptos!\n\n[Sauce](https://old.reddit.com/r/CryptoCurrency/comments/wz8fl8/great_moments_in_crypto_history_in_2013_a_23_year/)\n\n\nThe whole post because he will probably delete it when he realizes he is a bigger idiot than he thought...\n \n> Great Moments In Crypto History - In 2013, a 23 year old yolo’d a $1.25MM inheritance into Bitcoin that belonged to him and his sister. It didn’t go well. \n> \n> Need advice on inheritance, arbitrage, family, etc. Please, I am becoming desperate.\n> \n> The Bitcoin boom has been wonderful for some people, obviously, but I am really struggling. \n> \n> Last year my father passed away (my mother passed away from cancer many years ago), and my sister and I were left with a large inheritance. I am 23 and my sister is only 17 (parents had us when they were somewhat older. The inheritance was placed entirely in my control to be split between my sister and I. He did not want her to have access to the money until she turned 21. I am tasked with assisting her with college payments, etc. I chose to liquidate the majority of the assets and was left with around $750,000. I am bitter about this because I was ripped off by a shifty individual taking advantage of my ignorance on some things. I should have gotten much more than I did.\n> \n> \n> I discovered Bitcoin a few years ago. I today greatly regret that the moment I liquidated the inheritance I didn\'t place the entirety of it into Bitcoin. With Bitcoin on the verge of making it very, very big I began performing arbitrage six months ago. The rising adoption has created volatility which makes it very good for arbitrage. I know of people that have made A LOT of money doing this, but I have now lost A LOT of money.\n> \n> I am consistently misjudging the movement of the markets. I buy in and sell, not holding any long term positions. On the 19th, I bought 250 coins at $800; it was quickly rising and I was worried I would not be able to buy in at that price ever again. Immediately after my purchase it began tanking. I tried to hold my position hoping it was just temporary and would return to $800 and increase from there. After hitting around $600 it began to increase again, I viewed this as reaffirming my projection. It rose again to around $700. I held my position into the 20th, it dropped to $500 and that was my sell point hoping to minimize my losses. I lost $75,000 in an almost 24/hr period. This was my fastest and almost largest single trade loss. If I had continued to hold I would be able to sell right now with minimal losses.\n\n> I have "made" money on trades, but overall the losses have kept me in the red. As of today, over the past 7 months I have lost a total of $410,000. The inheritance was supposed to be split between my younger sister and I, giving us each $375,00 + half of the house (not worth much, rural area, etc). However, I don\'t have a legal obligation to provide her with half of the money, that was a verbal contract between my father and I, the in-writing legal stuff allocates it all to me. I made the mistake of telling her that I invested the money in Bitcoin; she has read the news etc on it, so she is under the assumption that there is a lot more money than there actually is. Regardless, I have already paid her first year of college tuition in cash anyway, this was around $30,000. I also bought her a used car to take to college ($5,000). We later found out they don\'t want freshman to have cars?? So we might sell it and I can give her that money. Ultimately, in addition to other living expenses, bills, car, etc I have around $280,000 left which is currently all liquid. Now, if you took the time to read all of that, thank you, sorry it was so long. What I am looking for is advice on how to trade. How can I guarantee that I earn high returns? What are good resources on how to trade Bitcoin? Are there any good books to read on trading? General information I may be missing?\n\n> I know I can earn this money back, I just need to figure out how. If there is an experienced trader out there that is in need for funding I am willing to work out a deal where we can work together on this. I need to see a proven track record of success though. Thanks for your time. I know a lot of people are going to respond negatively to me, I know I fucked up. I really, really, need advice though so please don\'t downvote me just because I am an idiot.\n>', 'https://www.reddit.com/r/Buttcoin/comments/wzitk3/scumbag_lost_400_000_of_inheritance_money_and_was/', 'wzitk3', [['u/BobWalsch', 15, '2022-08-28 03:19', 'https://www.reddit.com/r/Buttcoin/comments/wzitk3/scumbag_lost_400_000_of_inheritance_money_and_was/im2p8e3/', ">How can I guarantee that I earn high returns? \n\n>I know I can earn this money back, I just need to figure out how.\n\n&nbsp;\n~~Wake the frack up /u/BestCelery263 you have absolutely NO IDEA what you are doing! Get the fack out of cryptos and hire a financial advisor! And GIVE YOUR SISTER HER DUE SHARE!~~\n\nLeave the celery alone Bob, he isn't the original author! lolz!", 'wzitk3'], ['u/DeliciousGizmo', 11, '2022-08-28 03:25', 'https://www.reddit.com/r/Buttcoin/comments/wzitk3/scumbag_lost_400_000_of_inheritance_money_and_was/im2pvkx/', 'You got it wrong, he did the same thing as you, just copy/pasted the original post. \n\nhttps://np.reddit.com/r/Bitcoin/comments/1r88vl/need_advice_on_inheritance_arbitrage_family_etc/\n\nThis is the original.', 'wzitk3'], ['u/Eyonizback', 61, '2022-08-28 03:26', 'https://www.reddit.com/r/Buttcoin/comments/wzitk3/scumbag_lost_400_000_of_inheritance_money_and_was/im2q37r/', 'She going to ... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin and Ether fell Monday morning in Asia, along with all other cryptocurrencies in the top 10 by market capitalization. The slump continues a slide over the weekend after U.S. Federal Reserve Chairman Jerome Powell rocked crypto and equity markets on Friday with comments about economic pain ahead as the Fed raises interest rates to tackle inflation.\nSee related article:Crypto volatility hasn’t had macroeconomic implications so far: Jerome Powell\n• Bitcoin lost 2.2% in the last 24 hours to trade at US$19,615 at 8 a.m. in Hong Kong, while Ether slid 4% to US$1,430, according todata from CoinMarketCap.\n• Bitcoin fell below US$20,000 on Saturday for the first time since mid-June after sliding 7% in the 24hrs following Powell’s comments. The total crypto market cap dropped below US$1 trillion to US$953 billion as of 8 a.m. in Hong Kong.\n• Cardano saw the biggest loss, trading down 4.3% to US$0.43. BNB was little changed, dipping 0.5% to US$276.\n• The Dow Jones Industrial Average fell 3% on Friday in its worst day of trading since May. The S&P 500 Index lost 3.4% and the Nasdaq Composite Index dropped 3.9% in the worst trading day since June for both indices.\n• “Restoring price stability will likely require maintaining a restrictive policy stance for some time,” Powell said in a keynote address at the Fed’s economic symposium in Jackson Hole, Wyoming, on Friday. Powell added the Fed would not look to lower interest rates until inflation falls back to a 2% target range.\n• Following Powell’s speech, financial markets priced in a higher chance of a 75-basis point increase in interest rates at the Fed’s next meeting in September. Before his comments, the market consensus was split between a 75-basis point or 50-basis point rise.\nSee related article:Markets: Bitcoin, Ether fall; Solana, BNB slip, while Cardano rises', 'Bitcoin and Ether fell Monday morning in Asia, along with all other cryptocurrencies in the top 10 by market capitalization. The slump continues a slide over the weekend after U.S. Federal Reserve Chairman Jerome Powell rocked crypto and equity markets on Friday with comments about economic pain ahead as the Fed raises interest rates to tackle inflation. See related article: Crypto volatility hasn\x92t had macroeconomic implications so far: Jerome Powell Fast facts Bitcoin lost 2.2% in the last 24 hours to trade at US$19,615 at 8 a.m. in Hong Kong, while Ether slid 4% to US$1,430, according to data from CoinMarketCap . Bitcoin fell below US$20,000 on Saturday for the first time since mid-June after sliding 7% in the 24hrs following Powell\x92s comments. The total crypto market cap dropped below US$1 trillion to US$953 billion as of 8 a.m. in Hong Kong. Cardano saw the biggest loss, trading down 4.3% to US$0.43. BNB was little changed, dipping 0.5% to US$276. The Dow Jones Industrial Average fell 3% on Friday in its worst day of trading since May. The S&P 500 Index lost 3.4% and the Nasdaq Composite Index dropped 3.9% in the worst trading day since June for both indices. \x93Restoring price stability will likely require maintaining a restrictive policy stance for some time,\x94 Powell said in a keynote address at the Fed\x92s economic symposium in Jackson Hole, Wyoming, on Friday. Powell added the Fed would not look to lower interest rates until inflation falls back to a 2% target range. Following Powell\x92s speech, financial markets priced in a higher chance of a 75-basis point increase in interest rates at the Fed\x92s next meeting in September. Before his comments, the market consensus was split between a 75-basis point or 50-basis point rise. See related article: Markets: Bitcoin, Ether fall; Solana, BNB slip, while Cardano rises', 'Bitcoin and Ether fell Monday morning in Asia, along with all other cryptocurrencies in the top 10 by market capitalization. The slump continues a slide over the weekend after U.S. Federal Reserve Chairman Jerome Powell rocked crypto and equity markets on Friday with comments about economic pain ahead as the Fed raises interest rates to tackle inflation.\nSee related article:Crypto volatility hasn’t had macroeconomic implications so far: Jerome Powell\n• Bitcoin lost 2.2% in the last 24 hours to trade at US$19,615 at 8 a.m. in Hong Kong, while Ether slid 4% to US$1,430, according todata from CoinMarketCap.\n• Bitcoin fell below US$20,000 on Saturday for the first time since mid-June after sliding 7% in the 24hrs following Powell’s comments. The total crypto market cap dropped below US$1 trillion to US$953 billion as of 8 a.m. in Hong Kong.\n• Cardano saw the biggest loss, trading down 4.3% to US$0.43. BNB was little changed, dipping 0.5% to US$276.\n• The Dow Jones Industrial Average fell 3% on Friday in its worst day of trading since May. The S&P 500 Index lost 3.4% and the Nasdaq Composite Index dropped 3.9% in the worst trading day since June for both indices.\n• “Restoring price stability will likely require maintaining a restrictive policy stance for some time,” Powell said in a keynote address at the Fed’s economic symposium in Jackson Hole, Wyoming, on Friday. Powell added the Fed would not look to lower interest rates until inflation falls back to a 2% target range.\n• Following Powell’s speech, financial markets priced in a higher chance of a 75-basis point increase in interest rates at the Fed’s next meeting in September. Before his comments, the market consensus was split between a 75-basis point or 50-basis point rise.\nSee related article:Markets: Bitcoin, Ether fall; Solana, BNB slip, while Cardano rises', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin and ether traded down over the weekend.\nInsights:Analysts saw Fed Chair Jerome Powell\'s speech for what it was: an unbridled commitment to tame inflation.\nCatch the latest episodes ofCoinDesk TVfor insightful interviews with crypto industry leaders and analysis. Andsign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context.\nBitcoin Falls Below $20K\nBy James Rubin\nAfter clinging tenaciously to support above $20,000 for much of the weekend, bitcoin fell well below this threshold late Sunday.\nThe largest cryptocurrency by market capitalization was recently trading at $19,600, down more than 2% over the previous 24 hours. Ether, the second-largest crypto in market value, was recently changing hands at roughly $1,430, down more than 4% as investors continued to chew over U.S. Federal Reserve Chairman Jerome Powell\'s vow to continue the monetary hawkishness the Fed adopted earlier this year.\nThat news disappointed some investors hoping for signs of Fed confidence that its steps the last few months were taming inflation and that it might back away from its recent diet of 75 basis point interest rate hikes.\n"The macroeconomic uncertainties continued to weigh on the price of BTC, and while the [Personal Consumption Expenditures] data came in negative (giving market hopes that the Fed could take a less aggressive stance moving forward), [the] Fed chair\'s talk on Friday dashed those hopes as he cautioned against premature policy loosening," Joe DiPasquale of crypto asset manager BitBull Capital wrote to CoinDesk. "The market has reacted negatively to those comments and we\'re seeing bitcoin testing the $20,000 support."\nMost other major cryptos were recently in the red, with AVAX and ATOM down more than 9% and 6%, respectively. XMR rose about a percentage point.\nOn Friday, bitcoin fell precipitously from the $21,000 perch it held throughout the working week as Powell noted that inflation remains a serious threat. He said that "reducing inflation is likely to require a sustained period of below-trend growth" that would create "softer labor markets," among other impacts.\nThe ongoing strength of the job market has suggested repeatedly that the economy has not fallen into recession. The 3.5% unemployment rate is the lowest level since February 2020. "While higher interest rates, slower growth and softer labor market conditions will bring down inflation, they will also bring some pain to households and businesses," Powell said.\n“We are moving our policy stance purposefully to a level that will be sufficiently restrictive to return inflation to 2%,” Powell said.\nEquities and crypto news\nCryptos in the late week fall tracked equity markets, which closed substantially lower on Friday, with the tech-focused Nasdaq and S&P 500 plunging nearly 4% and 3.3%, respectively.\nIn recent crypto industry news :\nJapanis preparingto review existing corporate crypto tax rates in an effort to entice startups to remain in the country, local news outlet Yomiurireported. Japan\'s financial services agency (FSA) and the ministry of economy, trade and industry are considering a tax reform proposal for 2023 that could exempt crypto startups that issue their own tokens from paying taxes on unrealized gains.\nOver the weekend, CoinDeskreportedthat Grayscale Investments LLC has been fielding questions from the U.S. Securities and Exchange Commission (SEC) over the firm’s “securities law analysis” of tokens in some of its less-popular crypto trusts. The inquiry, which Grayscale disclosed in little-noticed filings made in June and mid-August, casts a shadow over the trusts’ viability at a time when the world’s largest digital asset manager is already dealing with a precipitous decline in its assets’ value due to the ongoing crypto winter.\nGrayscale Investments is a digital asset management firm owned by Digital Currency Group, which also owns CoinDesk.\nBitBull\'s DiPasquale wrote that "Monday\'s opening for equities will be key, as any more downside there could push BTC toward the recent lows."\n"We will be watching for the market\'s reactions to new lows and aiming to accumulate BTC between $20,000 and $15,000," he wrote.\nThere are no gainers in CoinDesk 20 today.\n[{"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "\\u22129.5%", "DACS Sector": "Smart Contract Platfor Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-08-29 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $388,092,906,288 - Hash Rate: 221270464.45741308 - Transaction Count: 252235.0 - Unique Addresses: 641513.0 Social & AI Sentiment: - Fear & Greed Index: 0.24 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: An economic recession is looking increasingly likely and its time to look around for stocks to sell. A majority of economists (72%) polled by the National Association of Business Economics say they expect the U.S. to enter a recession by the middle of next year. By some measures, the U.S. is already in a recession , popularly defined as two consecutive quarters of negative economic growth. This is bad news for consumers and businesses. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Consumers, who are already feeling the impact of inflation that is running at 8.5% and higher interest rates used to dampen it are likely to batten down the hatches should the economy turn negative and companies begin mass layoffs. There are already signs that consumers are beginning to roll over. According to the U.S. Commerce Department, consumer spending rose a tepid 0.1% in June after falling 0.3% in May. Should things worsen on the consumer front, it could spell bad news for the economy overall, and also for certain stocks that are reliant on robust consumer spending to keep their share prices elevated. Here are seven stocks to sell when consumer confidence is falling. TSLA Tesla $891.29 SPG Simon Property Group $106.68 DRI Darden Restaurants $127.68 GPS The Gap $9.91 LUV Southwest Airlines $37.80 MA Mastercard $339.71 MGM MGM Resorts International $34.67 Tesla (TSLA) Tesla (TSLA) Gigafactory Texas Source: University of College / Shutterstock.com Tesla (NASDAQ: TSLA ) is so closely associated with its chief executive, Elon Musk, and technology that its easy to forget the company makes and sells electric vehicles. Consumers tend to place big ticket items on the backburner when they are feeling uncertain about the economy or their personal finances. Teslas vehicles are among the most expensive. The companys lowest-priced Model 3 retails for an average of $44,900. The range-topping Performance Model 3 sells for nearly $60,000. Those are the types of prices that scare off nervous consumers. Story continues For a lot less money, environmentally-conscious consumers can get themselves into a brand new Toyota (NYSE: TM ) Prius ($28,000) or a Ford (NYSE: F ) Escape hybrid SUV ($32,000). The prospect of slowing sales helps to explain why Tesla has been increasing its prices this year, most recently announcing that it will raise the price of its full self-driving assistance software by 25% this September. In June, the company hiked the prices of its electric vehicles across the entire line-up, raising prices an average of $6,000 per vehicle model. The cost of its long-range Model X SUV now approaches $140,000. These are not the types of expenses consumers shell out for during hard times. Year to date, TSLA stock is down 26% at $885 a share. The stock is scheduled to split on a 3-for-1 basis on Aug. 25, which may give it a pop and you a chance to get out at a profit. Simon Property Group (SPG) building facade of simon property group (SPG) Source: Jonathan Weiss / Shutterstock.com While not a household name, Simon Property Group (NYSE: SPG ) is the largest operator of shopping malls in the U.S. The real estate investment trust owns 232 shopping malls and outlet centers that, together, comprise approximately 241,000,000 square feet of retail nirvana. Simon Property Group has weathered many economic cycles over the years, but its business tends to decline whenever America enters a recession. When the economy is bad, consumers spend less time shopping at the mall and spend less money on frivolous things, concentrating their hard-earned dollars on consumer essentials. Simon Property also took some big blows during the Covid-19 crisis when its malls and outlets were either forced to close entirely or operate under capacity restrictions. The companys earnings declined nearly 30% during the pandemic and it was forced to help bailout bankrupt retailers such as J. Crew, Forever 21, and J.C. Penny to help keep its malls occupied during the downturn. The prospects of an economic recession do not bode well for Simon Property Group, which makes it one of the stocks to sell before they tank. Its recovery from Covid-19 has been slow. Darden Restaurants (DRI) an Olive Garden sign on the front of the restaurant Source: Shutterstock Investors might want to avoid Darden Restaurants (NYSE: DRI ) stock. Darden Restaurants operates popular restaurant chains such as The Olive Garden and LongHorn Steakhouse and is among the more risky stocks to sell now. The company currently has 1,800 restaurant locations and 175,000 employees, making it the worlds biggest full-service restaurant operator. Darden Restaurants suffered during the pandemic and is only now starting to recover. DRI stock is currently trading, 6% higher than before Covid-19, but a recession could certainly upend its business. Indeed, many restaurant stocks sold off heavily ahead of their most recent earnings. This was in anticipation of the impact high inflation would have on their results, including Darden. Confidence in the companys stock was also shaken recently by reports that Dardens chief executive officer (CEO), Ricardo Cardenas, sold 1,945 shares of DRI stock worth $236,025. Other shareholders may want to follow Cardenas lead. The Gap (GPS) GPS stock: a close up of a Gap logo on a building Source: Shutterstock Clothing retailers such as The Gap (NYSE: GPS ) tend to perform badly when the economy turns south and are prime candidates for stocks to sell. The same can be said of other stocks such as Ralph Lauren (NYSE: RL ), Abercrombie & Fitch (NYSE: ANF ), and Foot Locker (NYSE: FL ). Inflation already is taking a toll on GPS stock. Year-to-date, the share price is down 46% . The company announced last month that CEO Sonia Syngal was stepping down effective immediately. This could have contributed in part to the underperformance of GPS stock. Syngal had only been the head of Gap since March 2020 when the pandemic started. Her departure might have been hastened by the fact that the retailer posted a net loss of $162 million in the three-months ended April 30. Thats compared with a profit of $166 million a year earlier. Revenue in the quarter declined 13% to $3.48 billion from a year ago. The Gap has said that global supply chain issues and slumping sales have hurt it financially. Expect things to get worse if the economy really tanks. Southwest Airlines (LUV) luv stock Source: Ryan Fletcher / Shutterstock.com Concerns about inflation, rising interest rates, and the outlook for the economy are the main reasons why Southwest Airlines (NYSE: LUV ) is among the best airline stocks to sell now. When people are having trouble affording their mortgage or putting gas in their cars, they are less likely to fly to the Caribbean or Florida for a vacation. LUV stock is down 14% so far in 2022 and 35% lower than where it was prior to March 2020. Southwest recently reported second-quarter earnings per share of $1.30 on record revenues of $6.7 billion, beating Wall Street forecasts across the board. However, LUV stock fell immediately following the earnings print on weaker-than-expected forward guidance. Plus, the company said its full-year 2022 available seat miles are likely to be down 4% from a year ago. While travel across the U.S. remains strong this summer, things could turn negative quickly if consumer confidence is shaken. Mastercard (MA) A close-up shot of Mastercard credit or debit cards. Source: Alexander Yakimov / Shutterstock.com Slowing consumer spending means less revenue for Mastercard (NYSE: MA ). Many consumers rely on their credit cards when traveling , booking flights and hotels and dining in restaurants. Any slowdown in those activities could spell disaster for Mastercard. The stock already is down 8% this year. Coming out of the pandemic, Mastercard has been seeing steady improvements. The company reported second quarter revenues rose 21% to $5.5 billion. This was ahead of analysts estimates of $5.26 billion. Mastercard said its earnings per share for the three months ended June 30 amounted to $2.56. This was up 31.3% from a year earlier and ahead of Wall Street forecasts of $2.36 per share. While the earnings have been impressive, Mastercards fortunes could quickly become gloomy if consumers wait out a recession. MGM Resorts International (MGM) A photo of the MGM logo on the MGM casino building. Source: Michael Neil Thomas / Shutterstock.com In good times, when consumers are feeling flush, MGM Resorts International (NYSE: MGM ) performs well. But when consumer confidence plunges, so too do revenues and MGM stock. MGM Resorts share price is down 24% this year, trading where it was pre-pandemic. Increasingly, MGM Resorts is pushing into sports wagering through its BetMGM brand. But here too, revenues are dependent on consumers feeling confident. People are less likely to take risks when they are feeling financially constrained and have less money to play with. The company reported net revenues of $960 million in this years second quarter. Thats an increase of 12% over last year due largely to an increase in business volumes. But will people continue visiting Las Vegas and Atlantic City should the economy turn sour? I wouldnt bet on it. Disclosure: On the date of publication, Joel Baglole did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines . Joel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia. More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live The Best $1 Investment You Can Make Today Early Bitcoin Millionaire Reveals His Next Big Crypto Trade ... - Reddit Posts (Sample): [['u/Dazzling_Lime2021', "I don't care if the bottom might not be in yet, these are prices people wished for last year and it's right in front of our faces", 1824, '2022-08-29 00:48', 'https://www.reddit.com/r/CryptoCurrency/comments/x08gij/i_dont_care_if_the_bottom_might_not_be_in_yet/', "Completely aware that the macroeconomic conditions are terrible right now, but I am not wasting this opportunity to layer into the market. I remember in October when Bitcoin was peaking its head above the all time high and instead of going higher we went sideways for a whole month in anxiety. Then we dropped, and spent the entire first quarter bouncing around the 30-40k range. It was exhausting, and I was only hoping for it to finally rip the band-aid off and go whichever direction it was going to go. I looked back and wished I was around to buy back in the bear markets of 2018-2019 instead of dealing with higher valuations and anxiety. It's easy in hindsight, but I wished I could\n\nAnd now I feel like that opportunity is in my hands. We've dropped, and we can go much, much lower than this. But this is plenty good for me to DCA in weekly, I haven't sold any of my crypto since I got in early last year (why would I, it's at a loss). Going to hold onto it for the long term and see what happens.\n\nIn an alternative world if Bitcoin did pop up and went above $100k last year, I wouldn't have made nearly as much profit if it wasn't for a bear market instead like what we have to buy some more. I am happy to be around all this fear.", 'https://www.reddit.com/r/CryptoCurrency/comments/x08gij/i_dont_care_if_the_bottom_might_not_be_in_yet/', 'x08gij', [['u/Goonzoo', 36, '2022-08-29 00:51', 'https://www.reddit.com/r/CryptoCurrency/comments/x08gij/i_dont_care_if_the_bottom_might_not_be_in_yet/im6qu3a/', 'Everything repeats and people just will take their chance after missing it (some people miss them several times)\n\nOthers just dont have the liquid money to invest now or calculated buying at current prices still wont make a good average. They simply wait for a lower price.\n\nThen last but not least.. IMO most currently DCA', 'x08gij'], ['u/Ethan0307', 11, '2022-08-29 00:53', 'https://www.reddit.com/r/CryptoCurrency/comments/x08gij/i_dont_care_if_the_bottom_might_not_be_in_yet/im6r1gn/', 'People will always complain for lower that’s for certain', 'x08gij'], ['u/Cryptoladd', 47, '2022-08-29 00:53', 'https://www.reddit.com/r/CryptoCurrency/comments/x08gij/i_dont_care_if_the_bottom_might_not_be_in_yet/im6r1hv/', 'Solid plan mate. You should be grinning around 2025', 'x08gij'], ['u/PanicBoners', 15, '2022-08-29 00:53', 'https://www.reddit.com/r/CryptoCurrency/comments/x08gij/i_dont_care_if_the_bottom_might_not_be_in_yet/im6r26x/', 'Completely agree. I feel much better DCAing now than when the market was overheated', 'x08gij'], ['u/CatBoy191114', 10, '2022-08-29 00:53', 'https://www.reddit.com/r/CryptoCurrency/comments/x08gij/i_dont_care_if_the_bottom_might_not_be_in_yet/im6r292/', '"well now I don\'t want to"... proceeds to wait for a new ath to buy in 😂', 'x08gij'], ['u/Wynslo', 25, '2022-08-29 00:53', 'https://www.reddit.com/r/CryptoCurrency/comments/x08gij/i_dont_care_if_the_bottom_might_not_be_in_yet/im6r3t2/', 'They wanted them last year. This year they want to buy at $50,000', 'x08gij'], ['u/eat-sleep-rave', 16, '2022-08-29 00:54', 'https://www.reddit.com/r/CryptoCurrency/comments/x08gij/i_dont_care_if_the_bottom_might_not_be_in_yet/im6r79g/', 'Our current 20k BTC bottom is a 2018 top.\n\nMeanwhile, fiat currencies have lost a lot of value over the years due to inflation.\n\nPerspective is everything.', 'x08gij'], ['u/DoctorFrog420', 100, '2022-08-29 00:54', 'https://www.reddit.com/r/CryptoCurrency/comments/x08gij/i_dont_care_if_the_bottom_might_not_be_in_yet/im6r8zp/', 'As much as I want the price to go up, I must admit there is a part of me that is ecstatic that I am able to buy BTC @ $20k USD... I remember the heady delusion of the bull run thinking I lost my chance at $50,000... lol!!!', 'x08gij'], ['u/Narrow_Television695', 13, '2022-08-29 00:57', 'https://www.reddit.com/r/CryptoCurrency/comments/x08gij/i_dont_care_if_the_bottom_might_not_be_in_yet/im6rn0y/', "And people are going to wish for them again when we hit a new ATH, that's just how it works. I hope at least some of people here will do the right thing.", 'x08gij'], ['u/AGoal44', 256, '2022-08-29 00:59', 'https://www.reddit.com/r/CryptoCurrency/comments/x08gij/i_dont_care_if_the_bottom_might_not_be_in_yet/im6rvrd/', 'I’ll buy again when it goes back up like everyone else', 'x08gij'], ['u/BakedPotato840', 92, '2022-08-29 01:00', 'https://www.reddit.com/r/CryptoCurrency/comments/x08gij/i_dont_care_if_the_bottom_might_not_be_in_yet/im6s23x/', 'And then sell when it goes back down', 'x08gij'], ['u/ismirschlecht', 28, '2022-08-29 01:02', 'https://www.reddit.com/r/CryptoCurrency/comments/x08gij/i_dont_care_if_the_bottom_might_not_be_in_yet/im6s94s/', 'Same. Even 50k was looking crispy and sweet at some point', 'x08gij'], ['u/Timetraveler4000', 14, '2022-08-29 01:09', 'https://www.reddit.com/r/CryptoCurrency/comments/x08gij/i_dont_care_if_the_bottom_might_not_be_in_yet/im6t44l/', '10k eoy is the new 100k eoy', 'x08gij'], ['u/AGoal44', 26, '2022-08-29 01:11', 'https://www.reddit.com/r/CryptoCurrency/comments/x08gij/i_dont_care_if_the_bottom_might_not_be_in_yet/im6te1v/', 'This $25 I just took out today was $1000 last November!', 'x08gij'], ['u/Setyman', 22, '2022-08-29 01:12', 'https://www.reddit.com/r/CryptoCurrency/comments/x08gij/i_dont_care_if_the_bottom_might_not_be_in_yet/im6tit4/', 'No. 1 Rule: Buy high and sell low. A true redditor.', 'x08gij'], ['u/_Commando_', 15, '2022-08-29 01:13', 'https://www.reddit.com/r/CryptoCurrency/comments/x08gij/i_dont_care_if_the_bottom_might_not_be_in_yet/im6tnnh/', 'Good for you OP. Share your colours proudly, we on the other hand will wait for the bear market to end in a year and a half or so as this will get rather ugly and this is only the beginning.', 'x08gij'], ['u/GabeSter', 76, '2022-08-29 01:13', 'https://www.reddit.com/r/CryptoCurrency/comments/x08gij/i_dont_care_if_the_bottom_might_not_be_in_yet/im6tos0/', 'This sub:\n\n![gif](giphy\|Ae7SI3LoPYj8Q)\n\nWelcome to the neighborhood crypto cult.', 'x08gij'], ['u/Setyman', 11, '2022-08-29 01:13', 'https://www.reddit.com/r/CryptoCurrency/comments/x08gij/i_dont_care_if_the_bottom_might_not_be_in_yet/im6tqak/', 'I feel much better just not buying at the top lmao.', 'x08gij'], ['u/GabeSter', 22, '2022-08-29 01:14', 'https://www.reddit.com/r/CryptoCurrency/comments/x08gij/i_dont_care_if_the_bottom_might_not_be_in_yet/im6trdw/', 'Pfff get out of here with your responsible financial decisions.', 'x08gij'], ['u/HeroinAndyCx', 14, '2022-08-29 01:21', 'https://www.reddit.com/r/CryptoCurrency/comments/x08gij/i_dont_care_if_the_bottom_might_not_be_in_yet/im6uq4g/', 'Exactly. 20k btc seemed like a dream during last bull run', 'x08gij'], ['u/HeroinAndyCx', 41, '2022-08-29 01:23', 'https://www.reddit.com/r/CryptoCurrency/comments/x08gij/i_dont_care_if_the_bottom_might_not_be_in_yet/im6uyy6/', "Thanks to this sub I was able to turn 10k into 1k. It's like magic.", 'x08gij'], ['u/teddy_swits', 40, '2022-08-29 01:25', 'https://www.reddit.com/r/CryptoCurrency/comments/x08gij/i_dont_care_if_the_bottom_might_not_be_in_yet/im6v7w7/', 'Do what works for you. DCA is gospel in this sub, but I’ve already been through a cycle. I was fortunate enough to buy the bottom-ish then, and I’m going to try to buy the bottom-ish again. Waiting for a long, flat tail (and actual metrics). We’re probably months away the way the economy is going.\n\nEdit: well that didn’t take long 📉', 'x08gij'], ['u/CVV1', 153, '2022-08-29 01:26', 'https://www.reddit.com/r/CryptoCurrency/comments/x08gij/i_dont_care_if_the_bottom_might_not_be_in_yet/im6vaw0/', "I live in my parents basement. \n\n\nI'm still DCAing. \n\n\nY'all want lambos. I want to move out. \n\n\n:)", 'x08gij'], ['u/Zeus1130', 90, '2022-08-29 01:30', 'https://www.reddit.com/r/CryptoCurrency/comments/x08gij/i_dont_care_if_the_bottom_might_not_be_in_yet/im6vt5e/', 'Every time I see a post like this, I know to hold off on buying because it’s sure to dump more. It’s like clockwork.', 'x08gij'], ['u/BitcoinSatosh', 15, '2022-08-29 01:37', 'https://www.reddit.com/r/CryptoCurrency/comments/x08gij/i_dont_care_if_the_bottom_might_not_be_in_yet/im6wq6n/', '80% correction from all time high is around 13k', 'x08gij'], ['u/Xpressivee', 20, '2022-08-29 01:42', 'https://www.reddit.com/r/CryptoCurrency/comments/x08gij/i_dont_care_if_the_bottom_might_not_be_in_yet/im6xgp4/', "Ngl it's all very surreal still to see btc at this price, I don't even want to talk about eth.\n\n BTC at 20k being called a bear for me just reminds me of how long I've been in the market.", 'x08gij'], ['u/ImThour', 10, '2022-08-29 01:48', 'https://www.reddit.com/r/CryptoCurrency/comments/x08gij/i_dont_care_if_the_bottom_might_not_be_in_yet/im6y5bn/', 'You will be down 50% when BTC reaches 10k, just telling. :P', 'x08gij'], ['u/Odysseus_Lannister', 16, '2022-08-29 01:48', 'https://www.reddit.com/r/CryptoCurrency/comments/x08gij/i_dont_care_if_the_bottom_might_not_be_in_yet/im6y5jn/', 'Timeframes and expectations are everything. The fundamentals of BTC haven’t changed since it was 50k and it’s a good time to build a substantial position. If we’re still at 20k or lower in 2-3 years then something has gone wrong Imo.', 'x08gij'], ['u/Iam_Starving', 283, '2022-08-29 01:52', 'https://www.reddit.com/r/CryptoCurrency/comments/x08gij/i_dont_care_if_the_bottom_might_not_be_in_yet/im6yr49/', 'I\'m not scared to buy right now and I definitely "would" if I "could" . I\'m just fiat-broke.', 'x08gij'], ['u/shoshin2727', 18, '2022-08-29 02:00', 'https://www.reddit.com/r/CryptoCurrency/comments/x08gij/i_dont_care_if_the_bottom_might_not_be_in_yet/im6zpto/', 'If OP couldn\'t see the sell signals late last year and take some... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin broke back above US$20,000 in Tuesday morning trading in Asia, with most of the top 10 cryptocurrencies by market capitalization gaining. Ether rebounded, while Avalanche also recovered from a drop-off following whistleblower allegations that the company “weaponized” litigation against its rivals. See related article: Markets: Bitcoin fails to hold above US$20,000, Ether slumps, SHIB slides Fast facts Bitcoin rose 3.4% in the past 24 hours to US$20,300 as of 8 a.m. in Hong Kong, while Ether jumped 8.5% to US$1,553, according to data from CoinMarketCap . Ether Classic, the original chain from which Ether was forked, was also up 8% to US$33.58 as both networks are in the spotlight ahead of the upcoming Ethereum Merge . Avalanche gained 5% to US$19.35, after posting its lowest price since mid-July on Monday at US$17.56. This followed a report on Friday that alleges Ava Labs, the firm behind the network, made a deal with law firm Roche Freedman to collect confidential information on rival companies to attack them with class-action lawsuits. “How could anyone believe something so ridiculous as the conspiracy theory nonsense on Cryptoleaks?” said Emin Gün Sirer , Ava Labs founder and CEO on Twitter. “We would never engage in the unlawful, unethical and just plain wrong behavior claimed in these self-serving videos and inflammatory article.” Solana added 6.9% to US$32.47 and Cardano rose 4.8% to US$0.45. Dogecoin saw more modest gains, adding 3.5% to US$0.063. Uniswap, which has a market cap slightly larger than Ethereum Classic, gained 9.6% to US$6.31 after advertising an event on the firm’s Discord channel to meet the firm’s head of customer experience. U.S. equities started the week lower, extending the slump on Friday sparked by concern the U.S. Fed remains aggressive about raising interest rates. The Dow Jones Industrial Average and the S&P 500 Index were both down roughly 0.6% on Monday, while the Nasdaq Composite Index closed down 1%. See related article: Bitcoin miners, investors still active in BTC despite price fluctuations', 'Bitcoin broke back above US$20,000 in Tuesday morning trading in Asia, with most of the top 10 cryptocurrencies by market capitalization gaining. Ether rebounded, while Avalanche also recovered from a drop-off following whistleblower allegations that the company “weaponized” litigation against its rivals.\nSee related article:Markets: Bitcoin fails to hold above US$20,000, Ether slumps, SHIB slides\n• Bitcoin rose 3.4% in the past 24 hours to US$20,300 as of 8 a.m. in Hong Kong, while Ether jumped 8.5% to US$1,553, according todata from CoinMarketCap.\n• Ether Classic, the original chain from which Ether was forked, was also up 8% to US$33.58 as both networks are in the spotlight ahead of the upcomingEthereum Merge.\n• Avalanche gained 5% to US$19.35, after posting its lowest price since mid-July on Monday at US$17.56. This followed areport on Fridaythat alleges Ava Labs, the firm behind the network, made a deal with law firm Roche Freedman to collect confidential information on rival companies to attack them with class-action lawsuits.\n• “How could anyone believe something so ridiculous as the conspiracy theory nonsense on Cryptoleaks?”said Emin Gün Sirer, Ava Labs founder and CEO on Twitter. “We would never engage in the unlawful, unethical and just plain wrong behavior claimed in these self-serving videos and inflammatory article.”\n• Solana added 6.9% to US$32.47 and Cardano rose 4.8% to US$0.45. Dogecoin saw more modest gains, adding 3.5% to US$0.063. Uniswap, which has a market cap slightly larger than Ethereum Classic, gained 9.6% to US$6.31 afteradvertising an eventon the firm’s Discord channel to meet the firm’s head of customer experience.\n• U.S. equities started the week lower, extending the slump on Friday sparked by concern the U.S. Fed remains aggressive about raising interest rates. The Dow Jones Industrial Average and the S&P 500 Index were both down roughly 0.6% on Monday, while the Nasdaq Composite Index closed down 1%.\nSee related article:Bitcoin miners, investors still active in BTC despite price fluctuations', 'Bitcoin broke back above US$20,000 in Tuesday morning trading in Asia, with most of the top 10 cryptocurrencies by market capitalization gaining. Ether rebounded, while Avalanche also recovered from a drop-off following whistleblower allegations that the company “weaponized” litigation against its rivals.\nSee related article:Markets: Bitcoin fails to hold above US$20,000, Ether slumps, SHIB slides\n• Bitcoin rose 3.4% in the past 24 hours to US$20,300 as of 8 a.m. in Hong Kong, while Ether jumped 8.5% to US$1,553, according todata from CoinMarketCap.\n• Ether Classic, the original chain from which Ether was forked, was also up 8% to US$33.58 as both networks are in the spotlight ahead of the upcomingEthereum Merge.\n• Avalanche gained 5% to US$19.35, after posting its lowest price since mid-July on Monday at US$17.56. This followed areport on Fridaythat alleges Ava Labs, the firm behind the network, made a deal with law firm Roche Freedman to collect confidential information on rival companies to attack them with class-action lawsuits.\n• “How could anyone believe something so ridiculous as the conspiracy theory nonsense on Cryptoleaks?”said Emin Gün Sirer, Ava Labs founder and CEO on Twitter. “We would never engage in the unlawful, unethical and just plain wrong behavior claimed in these self-serving videos and inflammatory article.”\n• Solana added 6.9% to US$32.47 and Cardano rose 4.8% to US$0.45. Dogecoin saw more modest gains, adding 3.5% to US$0.063. Uniswap, which has a market cap slightly larger than Ethereum Classic, gained 9.6% to US$6.31 afteradvertising an eventon the firm’s Discord channel to meet the firm’s head of customer experience.\n• U.S. equities started the week lower, extending the slump on Friday sparked by concern the U.S. Fed remains aggressive about raising interest rates. The Dow Jones Industrial Average and the S&P 500 Index were both down roughly 0.6% on Monday, while the Nasdaq Composite Index closed down 1%.\nSee related article:Bitcoin miners, investors still active in BTC despite price fluctuations', 'Good morning. Here’s what’s happening: Prices: Bitcoin rebounded above $20K; ether rises. Insights: Taipei Blockchain Week is facing a major hurdle in Taiwan\'s COVID-19 quarantine. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. And sign up for First Mover , our daily newsletter putting the latest moves in crypto markets in context. Prices ● Bitcoin ( BTC ): $20,285 +3.1% ● Ether ( ETH ): $1,547 +7.7% ● S&P 500 daily close: 4,030.61 −0.7% ● Gold: $1,751 per troy ounce +0.9% ● Ten-year Treasury yield daily close: 3.11% +0.07 Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found at coindesk.com/indices. Bitcoin Returns to Its $20K Perch By James Rubin After taking a short Sunday dive, bitcoin returned to its new support level above $20,000. The largest cryptocurrency by market capitalization was recently trading at about $21,250, up about 3% over the past 24 hours. BTC\'s resilience offered a sliver of reinforcement for investors who thought the crypto\'s plunge to $19,500 was a precursor to a bigger drop stemming from Federal Reserve Chair Jerome Powell\'s vow to continue the U.S. central banks monetary hawkishness. "Macro [economics] has been in the driver\'s seat all year, and this week and after Jackson Hole, the market has been reminded that the same type of inflationary headwinds with strong job markets remain," Luke Farrell, a cryptocurrency trader for crypto grading firm GSR, told CoinDesk TV. "You\'re seeing a little bit of a reassessment of the optimism that came after the CPI print last month and a bit of oversold conditions that started in June." Ether returned to its pattern of outperforming bitcoin, recently rising more than 7%. ETH is now changing hands well above $1,500 after falling well below this psychologically important level over the weekend. The second largest crypto by market cap has been rising more sharply than BTC over the past couple of months as the Ethereum blockchain nears the Merge, which will change the protocol from proof-of-work to more energy efficient proof-of-stake. Story continues Other altcoins in the CoinDesk top 20 by market cap were in the green, most of them firmly so, with ATOM and LRC recently jumping 12% and 8%, respectively. AVAX rose more than 5%, regaining ground it lost after a self-described "whistleblower" website on Sunday accused Ava Labs, the company behind the Avalanche, the layer 1 blockchain, of paying lawyers to hurt competitors and keep regulators at bay. On Monday, Ava Labs CEO Emin Gün Sirer denied the company has been involved in any behind-the-scenes smear campaign. Equity markets pointed down ,with the tech-focused Nasdaq and S&P 500 indexes off 1% and 0.7%, respectively. U.S. Treasury yields rose as nervous investors sold off government bonds. On Tuesday, the Conference Board releases its monthly consumer confidence index, a widely watched measure of sentiment about the economy. The group\'s last report in July found confidence waning, albeit at a more moderate pace than in June when inflation hit 9.1%. In its weekly fund flows report, CoinShares noted a third consecutive week of outflows totaling $46 million. The report said that $29 million in bitcoin outflows made up the largest portion of this sum. "[O]ur latest @CoinSharesCo fund flows report in two words: investor apathy. no near-term catalysts on the horizon and so we wait...," CoinShares Chief Strategy Officer Meltem Demirors tweeted . our latest @CoinSharesCo fund flows report in two words: investor apathy no near-term catalysts on t Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-08-30 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $390,366,483,450 - Hash Rate: 228317294.5356746 - Transaction Count: 262445.0 - Unique Addresses: 660170.0 Social & AI Sentiment: - Fear & Greed Index: 0.27 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Active wallets on the Solana network increased by 58% this year, outpacing some other blockchains despite a market-wide price decline. Figures for New Daily Addresses on Solana consistently grew its user base throughout the bear market, research by CoinMarketCap citing data from Glassnode and The Block showed . New Daily Addresses refer to first-time wallet users on any blockchain network, which can signal growth and adoption. On Solana, new users peaked at over 400,000 in May before gradually declining to 240,000 users this week. These figures are a jump from December 2021s levels of 150,000 to 170,000 new users each day. Daily active wallets have similarly climbed this year, with over 32 million active users in June and 37 million in May. This rose from an average of 20 million active users in the first four months of 2022. However, data suggests the activity did not amount to inflows. Total value locked (TVL) on decentralized finance (DeFi) applications running on Solana dropped to $2.9 billion this week from Mays $6 billion figure. Solana TVL peaked at $14 billion in December 2021. Solanas native SOL tokens have grown amid rising wallet usage. The tokens added nearly 34% over the past week and are up 30% in the past month, despite market-wide declines and volatility. In comparison, the price of bitcoin (BTC) has risen by 14% in the past month. SOL has gained in the past month amid a broader market drop. (TradingView) Meanwhile, CoinMarketCap noted that active addresses on BNB Chain remained flat over an equivalent period, while data on new users on Ethereum showed a decline since the start of this year. BNBChain has seen its new daily active addresses fall just north of 17.9%. Ethereum is faring worse at 51.8% over the same period, CoinMarketCap said.... - Reddit Posts (Sample): [['u/Familiar_Good_6110', 'Friend is trying to buy a monkey', 374, '2022-08-30 01:46', 'https://www.reddit.com/r/Scams/comments/x13or3/friend_is_trying_to_buy_a_monkey/', 'Hi guys, need a little help. My friend found a TikTok channel named WayneMonkeyBreeder1, and apparently he sells monkeys. She tried to get me to set up a bitcoin and send this dude 300 bucks worth of bitcoin for a down payment on a monkey. Told her definitely not, sounds like a scam, so she told the dude that she wasn’t able to do bitcoin, and wouldn’t you know it, he told her to go get some gift cards. Soon as I heard that I knew something was up, he said he also takes Zelle. There’s another red flag. I tried to talk to her but she is dead set on getting this “monkey”. So She went out got the gift card and is going to give him the code. He told her that once he gets the money he will personally come and bring the monkey and that’s when she will pay him the rest. Well his TikTok looks a little sketchy and he has a website. I have no idea how much monkeys cost but a chimp at 4 grand doesn’t sound right. Can anyone lend some insight on this please, or can anyone find out if he is fraudulent, I’ve tried but I’m not a great sleuth. Thanks guys!!', 'https://www.reddit.com/r/Scams/comments/x13or3/friend_is_trying_to_buy_a_monkey/', 'x13or3', [['u/Church42', 504, '2022-08-30 02:00', 'https://www.reddit.com/r/Scams/comments/x13or3/friend_is_trying_to_buy_a_monkey/imbmoxx/', "Your friend is going to lose the value of the gift card and get nothing in return. If you can convince her to read this and the community's response, maybe she'll be convinced.\n\nZelle is for money transfers between friends and family. They even warn you not to send money to strangers... For good reason, they won't step in and save you from yourself.\n\nI mean this ~~pet breeder~~ scammer has proposed Bitcoin, gift cards, and Zelle for payment... All 3 are pretty much unrecoverable payment methods which is why scammers use them.\n\nSecondarily to this, has she ever had a pet before, much less a monkey? Too many animals have to suffer because they have negligent owners who are not qualified to raise them but got them on a whim. Don't let your friend be this type of person unless she can handle the responsibilities (sorry for my skepticism but your friend doesn't sound like a responsible owner if she's looking on TT for a pet)", 'x13or3'], ['u/Bufete2020', 83, '2022-08-30 02:00', 'https://www.reddit.com/r/Scams/comments/x13or3/friend_is_trying_to_buy_a_monkey/imbmp7o/', 'This is a total SCAM... and you should check with the State code. Here, in California it is illegal to own a monkey as a pet.', 'x13or3'], ['u/amyaurora', 24, '2022-08-30 02:03', 'https://www.reddit.com/r/Scams/comments/x13or3/friend_is_trying_to_buy_a_monkey/imbn0qn/', 'Are you in the US. Different states have differnt laws on owning and selling exotic pets. Which includes monkeys. Legit exotic animal breeders know this. And will not be dealing "under the table" with bitcoin. Even if the monkey is real and the person isn\'t scamming, would your friend want to risk getting busted for illegal animal trading?', 'x13or3'], ['u/Familiar_Good_6110', 131, '2022-08-30 02:04', 'https://www.reddit.com/r/Scams/comments/x13or3/friend_is_trying_to_buy_a_monkey/imbn5k4/', 'I have tried and she is not having it.', 'x13or3'], ['u/Seafea', 94, '2022-08-30 02:04', 'https://www.reddit.com/r/Scams/comments/x13or3/friend_is_trying_to_buy_a_monkey/imbn6me/', 'Your friend is about to learn a very expensive lesson', 'x13or3'], ['u/Familiar_Good_6110', 28, '2022-08-30 02:05', 'https://www.reddit.com/r/Scams/comments/x13or3/friend_is_trying_to_buy_a_monkey/imbn963/', 'It’s legal in our state surprisingly', 'x13or3'], ['u/Church42', 187, '2022-08-30 02:07', 'https://www.reddit.com/r/Scams/comments/x13or3/friend_is_trying_to_buy_a_monkey/imbnliw/', 'If she\'s not going to listen to you or community advice, let her learn a $300 (or more) lesson\n\nAfter they get her for the "down payment" they\'ll get her for the remaining balance and other fake fees (travel/shipping, license fees, other BS)', 'x13or3'], ['u/Familiar_Good_6110', 59, '2022-08-30 02:07', 'https://www.reddit.com/r/Scams/comments/x13or3/friend_is_trying_to_buy_a_monkey/imbnmjy/', 'I will definitely be keeping you guys updated about this', 'x13or3'], ['u/JeffreyPtr', 43, '2022-08-30 02:11', 'https://www.reddit.com/r/Scams/comments/x13or3/friend_is_trying_to_buy_a_monkey/imbo1u3/', "Is she trying to buy a chimpanzee? Losing money to a scammer may actually be better than getting her pet. Chimps can get very nasty and aggressive as they mature. They are also several times stronger than a human. \n\nYou've done all you can pointing out she's being scammed, but depending on where your friend lives there's this that you can add. In many places it's illegal to sell or own certain exotic pets. If the seller doesn't know or care where you live then that says a lot about their integrity.", 'x13or3'], ['u/HaoieZ', 189, '2022-08-30 02:13', 'https://www.reddit.com/r/Scams/comments/x13or3/friend_is_trying_to_buy_a_monkey/imboatj/', "Well, this is got to be the most bizarre fake purchase on r/scams I've ever seen.\n\n&#x200B;\n\nGrandpa Simpson: Mmm I can't wait to eat that monkey.", 'x13or3'], ['u/Familiar_Good_6110', 17, '2022-08-30 02:32', 'https://www.reddit.com/r/Scams/comments/x13or3/friend_is_trying_to_buy_a_monkey/imbqss7/', 'I’m not sure what type of monkey she is TRYING to get. I know at first the guy said he would SHIP it. Smh', 'x13or3'], ['u/amyaurora', 288, '2022-08-30 02:34', 'https://www.reddit.com/r/Scams/comments/x13or3/friend_is_trying_to_buy_a_monkey/imbr1nr/', 'Maybe this will help.\n\nI took one of the monkey pics, Nutty the chimp, and ran it through Tineye. I found matchs going back as far as 2010.', 'x13or3'], ['u/amyaurora', 35, '2022-08-30 02:35', 'https://www.reddit.com/r/Scams/comments/x13or3/friend_is_trying_to_buy_a_monkey/imbr8w1/', 'I am going to trigger the pet scam bot response. Its usually used for posts about dogs..\n\nIt will reply as a response to this comment.\n\n!pet', 'x13or3'], ['u/AutoModerator', 29, '2022-08-30 02:35', 'https://www.reddit.com/r/Scams/comments/x13or3/friend_is_trying_to_buy_a_monkey/imbr8x1/', 'AutoModerator has been summoned to explain the pet scam. First, you will encounter a breeder who may have their own website or who may post listings on an established website. They will offer a good price for a pet with papers, however they will not be able to meet you in real life, and will only sell you the pet with the use of a shipping/courier/freight service. The scammer will demand payment via irreversible payment methods such as Cash App, Venmo, Western Union, or cryptocurrency. The websites they use are usually very easy to spot, as the domain will have been registered recently, and the images they use should be findable using [reverse image search](https://imgops.com/). Once you pay the scammers and they know they have you, they will demand more and more fees for things like airline insurance, crating fees, papers, import permits, etc. If you are involved in a pet scam, you need to stop talking with the scammers and dispute any transactions that you are able to dispute. [Here](https://www.akc.org/expert-advice/news/spot-puppy-scam/) is an article from the AKC regarding pet scams, and [here](https://toronto.ctvnews.ca/woman-scammed-out-of-950-trying-to-adopt-puppy-for-free-1.4929787) are [two](https://www.cbc.ca/news/canada/newfoundland-labrador/nl-alleged-pet-scam-1.5623735) news articles about pet scams.\n\nI am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/Scams) if you have any questions or concerns.', 'x13or3'], ['u/ZoidsFanatic', 70, '2022-08-30 02:50', 'https://www.reddit.com/r/Scams/comments/x13or3/friend_is_trying_to_buy_a_monkey/imbt6pc/', 'Who in their right mind would buy a monkey from TikTok?\n\nUnfortunately, I think your friend is going to learn a very, very expensive lesson here. While you can buy apes (and I don’t recommend it), they’re done at expo shows, and not online. Any good breeder would not “ship” a monkey in a box. For very, very obvious reasons. Not to mention that taking care of a monkey is very, very taxing. I’d look up videos on why owning a monkey is a horrible, horrible idea for a start to show your friend.\n\nAlso, do you have a link to the website? Easy to point out all the scam points that way.\n\nEdit:\n\nSo, the WhoIs has the site being created in 2020. The writing on the website is all over the place. There is no location listed on the website, but the WhoIs says the website is setup in Denver. However, I wasn’t able to even find a proper address even with that. Any legitimate sellers would list their locations.\n\nWhat’s more, you can reverse image search the images, and find similar scam sites selling the same monkeys.\n\nAnd also the fact that no breeder would ever ask for Bitcoin, and is constantly trying to get your friend to use shady methods, these are all massive, massive red flags. And all the testimony on the site is sock puppets.', 'x13or3'], ['u/Tomsangel1978', 16, '2022-08-30 02:50', 'https://www.reddit.com/r/Scams/comments/x13or3/friend_is_trying_to_buy_a_monkey/imbtao5/', "Nope ain't no one selling monkeys on tiktok your friend about to get ripped off.", 'x13or3'], ['u/goodboybane', 37, '2022-08-30 02:52', 'https://www.reddit.com/r/Scams/comments/x13or3/friend_is_trying_to_buy_a_monkey/imbtiyv/', "I'm 100% sure your friend is too immature and stupid to actually take care of a monkey if they actually believe they can just buy one from a TikTok account.", 'x13or3'], ['u/CaliforniaSpeedKing', 21, '2022-08-30 02:58', 'https://www.reddit.com/r/Scams/comments/x13or3/friend_is_trying_to_buy_a_monkey/imbuaks/', 'Your friend is about to get scammed and won’t get anything in return. Also, adopting a monk... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin fell back below US$20,000 after moving above that resistance line on Tuesday, while Ether also lost ground in early morning trading in Asia on Wednesday amid signs broader macroeconomic concerns are keeping a lid on cryptocurrency markets.\nSee related article:Markets: Bitcoin holds gains; Ether, Avalanche surge; Solana jumps\n• Bitcoin fell 2.5% in the past 24 hours to US$19,796 as of 8 a.m. in Hong Kong, while Ether lost 1.9% to US$1,523, according todata from CoinMarketCap. Both of the leading tokens have fallen more than 7% in the past week.\n• Cardano was the only token in CoinMarketCap’s top 10 by market capitalization to make any headway, trading up 0.3% to US$0.45, and reducing its losses over seven days to about 2%.\n• Leading memecoin Dogecoin posted the largest decline at 3.7% to US$0.061, while fellow memecoin Shiba Inu token — which sits just outside the top 10 — also fell 2.5% to US$0.00001218. Dogecoin is down about 9% over a week and Shiba Inu is off 7%.\n• Some minor coins saw gains: Cosmos added 4% to US$11.90 and Flow gained 5% to US$2.\n• U.S. equities continue their downward spiral overnight as last Friday’s tough remarks by the U.S. Federal Reserve on fighting inflation makes higher interest rates more likely ahead. The Dow Jones Industrial Average lost 1%, while the S&P 500 Index and the Nasdaq Composite Index both ended the day off 1.1%.\n• As the U.S. is the world’s biggest economy and home to the largest financial markets, its moves on interest rates set the tone for all other markets, even as China has cut rates amid a broad economic slowdown and Japan is sticking with its ultra-low rate policy.\nSee related article:What in crypto hell just happened to all your money?', 'Bitcoin fell back below US$20,000 after moving above that resistance line on Tuesday, while Ether also lost ground in early morning trading in Asia on Wednesday amid signs broader macroeconomic concerns are keeping a lid on cryptocurrency markets. See related article: Markets: Bitcoin holds gains; Ether, Avalanche surge; Solana jumps Fast facts Bitcoin fell 2.5% in the past 24 hours to US$19,796 as of 8 a.m. in Hong Kong, while Ether lost 1.9% to US$1,523, according to data from CoinMarketCap . Both of the leading tokens have fallen more than 7% in the past week. Cardano was the only token in CoinMarketCap’s top 10 by market capitalization to make any headway, trading up 0.3% to US$0.45, and reducing its losses over seven days to about 2%. Leading memecoin Dogecoin posted the largest decline at 3.7% to US$0.061, while fellow memecoin Shiba Inu token — which sits just outside the top 10 — also fell 2.5% to US$0.00001218. Dogecoin is down about 9% over a week and Shiba Inu is off 7%. Some minor coins saw gains: Cosmos added 4% to US$11.90 and Flow gained 5% to US$2. U.S. equities continue their downward spiral overnight as last Friday’s tough remarks by the U.S. Federal Reserve on fighting inflation makes higher interest rates more likely ahead. The Dow Jones Industrial Average lost 1%, while the S&P 500 Index and the Nasdaq Composite Index both ended the day off 1.1%. As the U.S. is the world’s biggest economy and home to the largest financial markets, its moves on interest rates set the tone for all other markets, even as China has cut rates amid a broad economic slowdown and Japan is sticking with its ultra-low rate policy. See related article: What in crypto hell just happened to all your money?', 'Bitcoin fell back below US$20,000 after moving above that resistance line on Tuesday, while Ether also lost ground in early morning trading in Asia on Wednesday amid signs broader macroeconomic concerns are keeping a lid on cryptocurrency markets.\nSee related article:Markets: Bitcoin holds gains; Ether, Avalanche surge; Solana jumps\n• Bitcoin fell 2.5% in the past 24 hours to US$19,796 as of 8 a.m. in Hong Kong, while Ether lost 1.9% to US$1,523, according todata from CoinMarketCap. Both of the leading tokens have fallen more than 7% in the past week.\n• Cardano was the only token in CoinMarketCap’s top 10 by market capitalization to make any headway, trading up 0.3% to US$0.45, and reducing its losses over seven days to about 2%.\n• Leading memecoin Dogecoin posted the largest decline at 3.7% to US$0.061, while fellow memecoin Shiba Inu token — which sits just outside the top 10 — also fell 2.5% to US$0.00001218. Dogecoin is down about 9% over a week and Shiba Inu is off 7%.\n• Some minor coins saw gains: Cosmos added 4% to US$11.90 and Flow gained 5% to US$2.\n• U.S. equities continue their downward spiral overnight as last Friday’s tough remarks by the U.S. Federal Reserve on fighting inflation makes higher interest rates more likely ahead. The Dow Jones Industrial Average lost 1%, while the S&P 500 Index and the Nasdaq Composite Index both ended the day off 1.1%.\n• As the U.S. is the world’s biggest economy and home to the largest financial markets, its moves on interest rates set the tone for all other markets, even as China has cut rates amid a broad economic slowdown and Japan is sticking with its ultra-low rate policy.\nSee related article:What in crypto hell just happened to all your money?', 'By John McCrank and Saqib Iqbal Ahmed\nNEW YORK (Reuters) - The dollar eased against a basket of currencies on Wednesday, but remained near the 2-decade high hit on Monday, as traders braced for more interest rate hikes from the U.S. Federal Reserve.\nThe dollar index, which measures the greenback against a basket of six currencies, was last down 0.1% at 108.66, after earlier coming within a whisker of Monday\'s two-decade peak of 109.48.\nThe index is on track for a rise of around 2.6% in August, its third-straight monthly gain.\nA steady line of Fed officials have reiterated support for further rate hikes to quell decades-high inflation, the latest being Cleveland Fed President Loretta Mester, who said on Wednesday that rates will have to rise to "somewhat above 4%" by early next year and then be held there for some time.\nThe comments followed a hawkish speech from Fed Chair Jerome Powell at the Jackson Hole central banking symposium in Wyoming last week that slammed the door shut on the idea that the Fed might pivot and begin lowering rates by mid-2023.\n"We\'re still trading on Jackson Hole," said Joseph Trevisani, senior analyst at FXStreet.com. "The idea that they\'re going to do a 180 and reverse again if we end up with negative growth in the third quarter just doesn’t seem possible."\nTraders are now pricing in about a 68.5% chance of a 75 basis point Fed rate hike next month, according to data from Refinitiv.\n"All of these bets that came in late July about the Fed potentially pivoting have to unwind, and so that\'s meant we\'ve got to buy dollars again because the Fed is not done," said Erik Bregar, director of FX & precious metals risk management at Silver Gold Bull.\n"The only real change we\'ve had now is that we have an ECB (European Central Bank) that looks like it\'s desperate to catch up and so the rate spreads are helping euro-dollar kind of hang in there," he said.\nThe euro rose back above parity with the dollar on Wednesday, but the outlook for the common currency remained mired in uncertainty amid a burgeoning energy crisis and recession fears.\nOn Wednesday, Russia halted gas supplies from the Nord Stream 1 pipeline, intensifying an economic battle between Moscow and Brussels and raising the prospects of a recession and energy rationing in some of the world\'s richest countries.\n"The narrative that has helped the euro at the start of the week, which is an improvement in the gas story, is fading now, which we think will put a cap on euro-dollar," said ING currency strategist Francesco Pesole.\nThe euro was last up 0.31% at $1.0047.\nInflation in the euro zone rose to another record in August, beating expectations and solidifying the case for further big European Central Bank (ECB) rate hikes.\nA growing number of ECB officials have been calling for oversized rate hikes to combat surging inflation, which could exceed 10% in the coming months.\nElsewhere, Norway\'s krone fell about 1.5% against the dollar after the country\'s central bank said it would buy more foreign currency for its sovereign wealth fund. [nL8N30720W]\nSterling was down 0.3% at $1.16185 and on pace for its worst month since October 2016 against the dollar with a drop of 4.6% as investors worry the British economy is slowing sharply just as inflation gathers pace.\nBitcoin was up 0.73% to 19,963, but gains were capped as investors remained wary of risky assets.\n(Reporting by John McCrank and Saqib Iqbal Ahmed in New York; additional reporting by Samuel Indyk in London; Editing by Jonathan Oatis, Kirsten Donovan)', 'By John McCrank and Saqib Iqbal Ahmed NEW YORK (Reuters) - The dollar eased against a basket of currencies on Wednesday, but remained near the 2-decade high hit on Monday, as traders braced for more interest rate hikes from the U.S. Federal Reserve. The dollar index, which measures the greenback against a basket of six currencies, was last down 0.1% at 108.66, after earlier coming within a whisker of Monday\'s two-decade peak of 109.48. The index is on track for a rise of around 2.6% in August, its third-straight monthly gain. A steady line of Fed officials have reiterated support for further rate hikes to quell decades-high inflation, the latest being Cleveland Fed President Loretta Mester, who said on Wednesday that rates will have to rise to "somewhat above 4%" by early next year and then be held there for some time. The comments followed a hawkish speech from Fed Chair Jerome Powell at the Jackson Hole central banking symposium in Wyoming last week that slammed the door shut on the idea that the Fed might pivot and begin lowering rates by mid-2023. "We\'re still trading on Jackson Hole," said Joseph Trevisani, senior analyst at FXStreet.com. "The idea that they\'re going to do a 180 and reverse again if Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-08-31 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $387,090,546,356 - Hash Rate: 219862688.8918816 - Transaction Count: 260425.0 - Unique Addresses: 652024.0 Social & AI Sentiment: - Fear & Greed Index: 0.23 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: To bring an end to the crypto winter and for the crypto sector, and America, to thrive for the long term, crypto must rise to the challenge posed by its fervent critics. These critics are actively working to undermine our viability. The market cap of the cryptocurrency sector has dropped from over $2.4 trillion in May 2021 to, as we write, $ 1.09 trillion . More than half. Adelle Nazarian is the chief executive officer of the American Blockchain PAC, and Alex Allaire is the chief executive officer of the American Blockchain Initiative. The sector's adversaries do not deserve all the credit, or blame, for crypto's price implosion. Yet they aren’t the first to wage political war on the market capitalization of a rival economic sector. They are delightedly using the price implosion cap as an opportunity to double down on their attacks. Make no mistake. The crypto sector's adversaries are formidable. To steal a meme: The Empire strikes back. Time for the return of the Jedi! We must stand up for crypto in the public relations and policy arenas. We, the authors, are actively making, and call on others to make, the case for crypto. The case for crypto is immense, one of innovation and growing productivity – and the rising tide of equitable prosperity that accompanies that. We must not and will not allow the enemies of progress to crush this historic wave of innovation. Meanwhile, they try. 26 experts In an acidly critical piece in The Los Angeles Times Michael Hiltzik recently observed: "In an open letter earlier this month, a group of 26 experts urged congressional leaders to take steps to protect the public from these "risky, flawed, and unproven digital instruments." Their letter ultimately attracted signatures from 1,700 scientists and technologists, according to Stephen Diehl, a British engineer who is one of the organizers. The writers said, "We strongly disagree with the narrative – peddled by those with a financial stake in the crypto-asset industry – that these technologies represent a positive financial innovation." Story continues Meanwhile, Ben Schreckinger, at Politico, recently headlined " Bankers Revel in Crypto's Crash ": "Yesterday, when the Bank for International Settlements released its 115-page page annual economic report, it devoted the final third to a detailed takedown of crypto and decentralized finance. The BIS is the most institutional of institutional players – an international organization that acts as a bank for central banks and is also owned by central banks. ... In recent years, papers published under the bank's aegis have gone from dismissive to defensive in their treatment of crypto." And consider the attacks by the likes of Bill Gates, Jr., who admitted in his book "The Road Ahead," that lost the web for Microsoft (MSFT) by believing that "the technology for 'killer applications' was inadequate to lure consumers to the Internet …" Gates, driving in his chronic blind spot, recently accused crypto of being based in "the greater fool theory ." Notoriously, Gates's bridge partner, billionaire investor Warren Buffett, called crypto " probably rat poison squared ." These attacks drew a blistering riposte from the never-bashful Peter Thiel against the "finance gerontocracy," calling Buffett the "sociopathic grandpa from Omaha." That said, one blistering insult does not a crusade make. Read More: The Case for Investing in Bitcoin During Crypto Winter No disrespect to Thiel: The best defense is a good offense. There's another perspective, one which seizes the moral high ground from crypto's critics. Consider the perspective of crypto's creators as well as its destroyers. Ethereum’s co-inventor: Vitalik Buterin and his dad "Dima,” also a member of the cryptocenti, provided a very constructive perspective. Speaking with Fortune : "Vitalik: I think, in general, the luna [cryptocurrency] collapse is in some ways one of these important, kind of healthy moments in crypto reminding people that downsides are real. You can't just build a system and magically pretend that the negative case is never going to happen. "You can't just worry about what the interest rates look like in the short term, you also have to worry about the fat tails, worry about these really exceptional situations. I think that's insight that's ultimately going to lead to a more stable crypto ecosystem at the same time." "Dima: This was a very traumatic event for a lot of people losing lots of money. My hope is that we will not be limited to, 'Let's restrict. Let's forbid. Let's stop this.' There are all kinds of consequences ... and lessons we learn from all of that. [But] the lessons can keep moving us forward versus trying to keep us safe." So, what’s really going on? Capitalism. Capitalism was characterized by Joseph Schumpeter, one of its greatest theorists, as "creative destruction." Per economist Ricardo J. Caballero writing for MIT, this references "the incessant product and process innovation mechanism by which new production units replace outdated ones ... Over the long run, the process of creative destruction accounts for over 50% of productivity growth." Read More: Ms. Crypto Goes to Washington Creative destruction, which makes the public as well as the innovators much better off, is not for the faint of heart. The flourishing of the blockchain sector is not, in the immortal words of Gen. Pete Worden, a "self-licking ice cream cone." The Empire – legacy finance – strikes back? Cue John Williams . Now we the Jedi – the guerrilla warriors of Crypto – return.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening:\nPrices:Bitcoin holds above $20K; ether climbs.\nInsights:The founder of the Waves protocol defended the decision to add the SURF token to a basket supporting the USDN stablecoin.\nCatch the latest episodes ofCoinDesk TVfor insightful interviews with crypto industry leaders and analysis. Andsign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context.\n●Bitcoin (BTC): $20,025+1.4%\n●Ether (ETH): $1,553+2.3%\n●S&P 500 daily close: 3,955.00−0.8%\n●Gold: $1,720 per troy ounce−0.2%\n●Ten-year Treasury yield daily close: 3.13%+0.02\nBitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found atcoindesk.com/indices.\nBitcoin Burrows in Above $20K\nBy James Rubin\nFresh from its Tuesday rally back above the psychologically important $20,000 threshold, bitcoin burrowed in.\nThe largest cryptocurrency in market value was recently trading at roughly $20,100, up about a percentage point over the past 24 hours as investors looked ahead nervously after a month to forget in crypto markets. BTC has fallen more than 13% in August and nearly 20% since the middle of the month when a surge steeped in the false hopes of a return to more moderate monetary policy (since dashed by Federal Reserve Chair Jerome Powell in Jackson Hole, Wyoming) sent the price up near $25,000.\nThe Fed is "talking tough, tough, tough, which is why stocks and cryptos have been falling," Glen Goodman, crypto consultant at exchange eToro, told CoinDesk TV\'s "First Mover" program.\nEther was recently changing hands at roughly $1,550, also rising more than a percentage point from Tuesday. The second-largest cryptocurrency by market capitalization has dropped 7% in August and more than 20% since mid-month euphoria about the Merge, the Ethereum blockchain\'s hotly anticipated protocol switch from a proof-of-work to more energy-efficient proof-of-stake sent spurred an ether price spike over $2,000.\nOther major altcoins spent much of the day in the green, with LUNA and MATIC both up more than 2% at one point. ADA was recently down 1.3%.\nEquities\nStocks that have correlated with cryptos for much of the year went a different way on Wednesday, falling for a fourth consecutive day. The tech-focused Nasdaq declined more than 0.5%, while the S&P 500, which has a strong tech component, and Dow Jones Industrial Average (DJIA) tumbled 0.8% and 0.9%, respectively to cap their own devilish month. The Nasdaq and S&P each plunged more than 4% after emerging from bear market territory during August\'s first week.\nCentral bankers and others trying to make sense of the confoundingly resilient employment market received some logic in management services firm ADP\'s August employment report that showed private-sector employers adding an unexpectedly low 132,000 jobs during the month. The total was 60% below the average of the previous three months and offered one of the few recent signs that labor markets may soon be slowing. Still, the reading is unlikely to sway the Federal Reserve from its commitment to boost interest rates aggressively to tame inflation, even at the expense of a continued economic contraction that is frightening asset markets.\nIn crypto news, South Korean customs authorities on Tuesdayarrested16 people involved in illegal foreign exchange transactions, reported local outletNewsis. And as CoinDesk\'s Danny Nelsonreported, Credit Suisse held tens of millions of dollars in “digital assets” for its clients at the end of the second quarter, according to regulatory filings. The disclosure underscored how traditional financial institutions are inching toward crypto custody.\neToro\'s Goodman called September "the cruelest month for stock markets" going back to the 1950s, noting cryptos\' recent link to equity markets, and he also highlighted bearish sentiment on Twitter about the coming month. But summoning his inner contrarian, he added that he couldn\'t "help but think the opposite."\n"Looking at the stock and the crypto charts that are correlated to them, they look bearish, but it\'s not a predetermined conclusion that we will definitely get down to that level and then go even lower," he said. "There is hope that stocks and bonds, [and] cryptos could turn around."\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "+2.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Ethereum", "Ticker": "ETH", "Returns": "+2.3%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "+2.3%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Cardano", "Ticker": "ADA", "Returns": "\\u22121.3%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "\\u22120.9%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22120.7%", "DACS Sector": "Smart Contract Platform"}]\nIs USDN Like UST? No, Says Waves Founder Sasha Ivanov\nBy Shaurya Malwa\nWaves founder Sasha Ivanov dismissed criticism of the protocol’s recent decision to add the new SURF token as part of the basket of tokens that backs its USDN stablecoin, which some detractors say has “created a model similar to UST,” referring toTerra\'s algorithmic stablecoin.\nIvanov explained to CoinDesk over several Telegram messages on Wednesday that USDN’s model involves four tokens in its mechanics – WAVES, NSBT, USDN itself and SURF – with all of them supplying liquidity to, and helping USDN retain, its $1 peg.\n“UST was backed by nothing – LUNA [the token] was burned to create UST. It was never intended to be backed up by anything other than the algorithm,” Ivanov explained. “The opposite is true of USDN. WAVES tokens are held in a smart contract to collateralize USDN.”\nAlgorithmic stablecoins are backed by a basket of tokens and rely on smart contracts and arbitrage mechanisms to hold their peg to a chosen currency, usually U.S. dollars. In USDN’s case, users must lock in WAVES in Neutrino\'s smart contracts to mint USDN, while USDN redemptions have the opposite effect of destroying the stablecoin to unlock WAVES supply.\nWaves’ native USDN stablecoins fell to nearly 90 cents last week after a liquidity crisis caused the tokens to lose their intended peg with U.S. dollars, causing wider crypto market concerns.\nSasha Ivanov has previously raised these concerns. "We have to work on the algorithm. And what happens now is kind of inevitable, which is just a test of the whole system,” he said on CoinDesk TV’s “First Mover” program in June.\nUSDN\'s lost peg\nThe concerns resurfaced last week as USDN lost its peg, which concerned some analysts.\n“Even though all purchases made with this token add to USDN backing, the move created a model similar to UST by relying on a secondary token to support the stablecoin\'s peg by providing liquidity,” Iakov Levin, CEO of crypto yield platform Midas, explained in a message to CoinDesk.\nLevin further stated that market participants were likely removing liquidity from decentralized finance (DeFi) platforms ahead of the upcomingEthereum Mergeupgrade. “No one is keen on supporting the peg of another algorithmic stablecoin. This model potentially leads to dire consequences and extreme fragility of the peg,” he told CoinDesk in Telegram messages.\nIvanov, however, pinned last week’s USDN deppeging to Vires Finance, a lending platform built on Waves. The depeg has happened due to the repayment plan implemented by the community vote on Vires finance,” Ivanov said. “$1 million USDN is released daily in repayment to Vires depositors, and it seems that amount is too high to be sustainable for the peg of USDN.”\nVires previously faced scrutiny from market participants in April, when several Twitter handlesaccused the Waves team of manipulating the priceof its native token through the platform. Ivanov dismissed the allegations at the time, accusing Alameda Research of manipulating waves prices and running a hostile media campaign to trigger a panic selling.\nMeanwhile, the possibility of depegged stablecoins remains a worry among the crypto community, a part of which is plagued by fears of a UST-like repeat months after the Terra ecosystem crashed and wiped off some $28 billion in value from related applications.\n12:30 a.m. HKT/SGT(8:30 a.m. UTC):Jibun Bank manufacturing PMI(August)\n9:45 a.m. HKT/SGT(1:45 a.m.UTC): Caixin manufacturing PMI(August)\n8:30 p.m. HKT/SGT(12:30 p.m. UTC):U.S. continuing jobs claims(August 19)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nHas Bitcoin Hit a Floor? Blockchain Data and the Ethereum Merge\nWith Ethereum\'s long-awaited transition to proof-of-stake (PoS) fast approaching, blockchain analytics firm Coin Metrics is out with a new report explaining the move, along with data that provides some insights about user behavior. Lucas Nuzzi, Coin Metrics head of research and development, joined "First Mover" to discuss the findings. Glen Goodman, eToro crypto consultant, provided his bitcoin and crypto markets outlook. Also, Mythical Games CEO John Linden took a look at the state of the non-fungible token (NFT) market.\nMore Volatility Ahead for Bitcoin as Federal Reserve Keeps Quiet:BTC traders will have to be data dependent, just like the central bank.\nBitcoin Miners\' Profitability May Narrow as Mining Difficulty Hits Second-Biggest Increase This Year:Bitcoin miners are stepping up production as the weather cools down, so the network automatically adjusted to increase the difficulty of mining a block.\nA16z Wants to Standardize NFTs by Giving You a License for Your Token:Andreessen Horowitz\'s crypto arm is releasing a free licensing system, aiming to help the NFT sector fulfill its "economic potential."\nMorgan Stanley Says S Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-09-01 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $385,536,772,688 - Hash Rate: 212503108.15739748 - Transaction Count: 268022.0 - Unique Addresses: 685449.0 Social & AI Sentiment: - Fear & Greed Index: 0.20 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Tel Aviv, Israel, Aug. 23, 2022 (GLOBE NEWSWIRE) --TheWatch, a technology company making blockchain seamlessly accessible to developers, has announced that its productsWatchDataandWatchBlockhave been updated to support the Merge and will continue providings their serviced without interruptions. The Merge is an upgrade of the Ethereum network that is expected to take place in September 2022. The change will turn Ethereum from a Proof-of-Work into a Proof-of-Stake network, making it more robust, faster and cheaper. The exact timing of The Merge is contingent on timelines from the Ethereum Foundation. TheWatch have performed a technical review and implemented the necessary updates to ensure that both WatchData, an API service for web3, and WatchBlock, a blockchain transactions monitoring platform, are prepared for the updated Ethereum and will operate as usual after the change, providing their customers with real-time data and insights. Most of the preparatory work was done by Ethereum foundation developers who made a detailedchecklistfor developers to simplify the updating procedure. In a nutshell, TheWatch team did the following: • Run a Beacon Chain nodes • Changed launch parameters • Updated and testd the nodes • Configured node management to ensure all data is consistent “The Merge significantly changes how certain parts of the Ethereum network work”, saysSvyatoslav Dorofeev, CEO of TheWatch. “Every member of the ecosystem, whether you’re a miner, a DeFi protocol or a node provider, has to prepare in advance if you want to provide uninterrupted service”. After the Merge, an Ethereum full node will have both a consensus layer (CL) client and an execution layer (EL) client. The EL executes transactions, and the CL maintains the user-state. These communicate over an authenticated port using a new set of JSON RPC methods called the Engine API. The EL and CL authenticate each other using a JWT secret that node operators should refer to their clients' documentation for instructions about how to generate and configure. The Beacon and JSON RPC APIs will be maintained by each layer individually, allowing developers to make use of both. WatchData provides web3 developers with a single API to seamlessly access blockchains: its suite of tools and superior infrastructure enables developers to build apps and services with ease. WatchData turns transaction blocks into accessible datasets ready for thorough analysis and research. Over 460 companies are using WatchData, and this number is growing every month.WatchData supports Ethereum, Bitcoin, Polygon Binance Smart Chain, and Tron where users have access to historical data and data from the node directly. Customers use WatchData for analytics, portfolio tracking, wallet, and payment services as well as for building DeFi products and dApps for their needs: the web3 community included WatchData in related roadmaps such asDeFi Developer Road Map,web3-tools, and others. WatchBlock is a SaaS tool that offers a simple, convenient and intuitive dashboard, provides insights into transaction data, purchase history, and risk management to Virtual Asset Service Providers. All client transaction monitoring and related operations are handled by WatchData solutions, which ensures higher speed and guarantees security. About WatchData WatchData is a platform that helps web3 developers seamlessly interact with the blockchain. It provides a suite of developer tools, enhanced APIs, and superior infrastructure to drastically simplify building blockchain apps. WatchData turns raw transaction blocks into accessible datasets ready for thorough analysis and research. Companies use WatchData for analytics, portfolio tracking, wallet, and payment services as well as for building DeFi products and dApps for their needs. For more information please visithttps://www.watchdata.io/ About TheWatch TheWatch combines products providing services for payments in the blockchain and their analytics. The company has its own product portfolio of services that includes WatchData, a flagship infrastructure product, and WatchBlock, transaction monitoring for virtual assets service providers. TheWatch operates as a part of a group of companies that also includes Calypso Pay, an all-in-one crypto processing platform that allows receiving payments from the clients fast in a secure way and paying the partners or workers almost instantly. For more information please visithttps://www.thewatch.io CONTACT: Svyatoslav Dorofeev CEO, TheWatch dorofeev (at) thewatch.io... - Reddit Posts (Sample): [['u/ControlPlusZ', "Let's have a serious conversation about Cathy Woods - what the ARK investment is (and is not).", 16, '2022-09-01 00:38', 'https://www.reddit.com/r/shroomstocks/comments/x2qvrf/lets_have_a_serious_conversation_about_cathy/', 'Cathy Woods\'s investment in ARK sparked a spirited debate and I wanted to share my thoughts beyond just a quick headline post.\n\nIt may surprise some that I am not a huge fan of Cathy Woods but I do see value in the investment and publicicity and have to give her credit where credit is due.\n\nI feel she deserves credit (and I will expand on this) for being able to identify trends early and those criticisms of her are unrelated to this point or somewhat tied to the ARK prospectus (I assume few one read this).\n\nLet\'s talk about what I think she got right...\n\nARK, on occasion, does deep dives. They have done very few of these. I understand that psychedelics will be one of those.\n\nSince 2016 ARK has published 22 deep dives. Those 22 deep dives centered on only 4 areas. They are:\n\n1. BTC\n2. 3d Printing (PRNT)\n3. TESLA\n4. CRISPR (four tickers)\n\nOk, so she is not just picking everything and then advertising the winners - we have four stocks.\n\nHow did they do? Here are the results from the time she recommended them to the peak (since this is to the peak take that with a grain of salt).\n\n1. BTC 18,000%\n2. 3d Printing 125% (PRNT)\n3. TSLA 2,900%\n4. CRISPR Companies (four)\n\n* \\-NTLA 580%\n* \\-EDIT 152%\n* \\-BLUE 16%\n* \\-CRSP 325%\n\nI consider that pretty darn decent. She made four high conviction plays in six years returning 16%,125%, 152%, 325%, 2,900% and 18,000%. What else performed better?\n\nI would also point out that she was ridiculed and laughed at when she made this investment. She does not seem to shy away from taking a contrarian position.\n\nBased on this I give her credit for being able to identify a few select trends very early. I believe psychedelics will be one of them.\n\nLet\'s discuss some criticisms of her. They are usually the following:\n\n* "Ha Ha, She Bought XYZ at $9,000,000 and lost!!!!". "She cannot manage risk" "Just buy more TSLA!!! ELlllooooooooonnnnnnn"\n\nThese fall into three categories.\n\n1. Bad trades. Yes, she made them.\n2. Isolated data points are not related to my original point and should be presented as part of a more comprehensive thesis.\n3. Somewhat explained by the ARKK prospectus.\n 1. The ARKK prospectus requires her to be nearly fully invested at all times absent extraordinary events. If your investors hire you to invest in biotech or tech or crypto and that sector falls as a whole- what do you do? What biotech stock would you have selected when XBI fell 58% or tech stock when QQQ fell 30%? Sure you could say market conditions are extraordinary and hoard cash but you agreed with your investors this was a high-risk tech fund to be invested almost 100% in tech/crypto etc. I still feel she needs to work this out though but as a public investor, you can exit at any time. There is no lockup.\n\nLastly, don\'t let this weigh too much on you. The largest institutional investors in ATAI and CMPS ARE NOT ARK. Insiders and venture funds hold more than ARK (per their 13F filings). Insiders only make money if you do. Venture Funds are paid on performance fees. They only get paid if the stock goes up as well. ARKK is the first public fund to buy ATAI / CMPS but far from the first nor the largest. The fact that institutions hold more but everyone talks about ARK now should tell everyone the publicity she brings.', 'https://www.reddit.com/r/shroomstocks/comments/x2qvrf/lets_have_a_serious_conversation_about_cathy/', 'x2qvrf', [['u/9mac', 17, '2022-09-01 00:57', 'https://www.reddit.com/r/shroomstocks/comments/x2qvrf/lets_have_a_serious_conversation_about_cathy/iml4zyd/', 'I find her weird ass "faith based investing" schtick to be completely off putting, but that\'s me.', 'x2qvrf'], ['u/ControlPlusZ', 10, '2022-09-01 04:48', 'https://www.reddit.com/r/shroomstocks/comments/x2qvrf/lets_have_a_serious_conversation_about_cathy/imm09x1/', 'On ATAI and CMPS yeah. Ark is ok overall… sorta a mixed bag but she sees trends early.\n\nLike I said their are other larger investors in ATAI even bigger than ARK and that increases my confidence.', 'x2qvrf']]], ['u/EmptySymbol', 'How is crypto any better for fighting wealth inequality when there are whales who currently own billions in BTC?', 437, '2022-09-01 02:33', 'https://www.reddit.com/r/CryptoCurrency/comments/x2tfa4/how_is_crypto_any_better_for_fighting_wealth/', 'How is a crypto-based future economy going to be any different than our current fiat-based situation when BTC goes "to the moon"? We will, at that point, have the world\'s first multi trillionaires... and there will still be massive wealth inequality, just different people holding the power.\n\n&#x200B;\n\nI really want to imagine a currency that gives everyone on the planet a shot at personal wealth, but not any one person owning a huge fraction of it (which is exactly the issue right now.) Seems counter to what crypto\'s ultimate goal is. I\'m not talking about communism, just proper wealth distribution. I would say, me personally, any one person who owns more than 50BTC is in this weird area of, on a gut level, too much fucking money for a single person (if BTC is fully embraced.) I know people are gonna hate me for saying that. Fuckin downvote, idc. BUT, I ask you, should we have moral obligations to get as much wealth distributed to as many people as possible? Or is this a "the old King is dead, Long Live the King!" scenario, and we\'re back in our modern horror show but now with internet money and tech-flavored oligarchs?', 'https://www.reddit.com/r/CryptoCurrency/comments/x2tfa4/how_is_crypto_any_better_for_fighting_wealth/', 'x2tfa4', [['u/magiblufire', 27, '2022-09-01 02:36', 'https://www.reddit.com/r/CryptoCurrency/comments/x2tfa4/how_is_crypto_any_better_for_fighting_wealth/imlif8b/', "It isn't. Nothing people say about crypto is true besides technical specifications. Everything else is copium.", 'x2tfa4'], ['u/ipetgoat1984', 55, '2022-09-01 02:37', 'https://www.reddit.com/r/CryptoCurrency/comments/x2tfa4/how_is_crypto_any_better_for_fighting_wealth/imlikc2/', 'It’s not. It takes money to make money like all investments. The beginning of BTC was a long shot that worked out for some people. And it will be a good investment in the long run. But it’s not going to flip the scales.', 'x2tfa4'], ['u/JeremyBF', 12, '2022-09-01 02:40', 'https://www.reddit.com/r/CryptoCurrency/comments/x2tfa4/how_is_crypto_any_better_for_fighting_wealth/imlj0ye/', 'Bitcoin was made to fight the ability of the the government to inflate away the life savings of the average person. Fighting wealth inequality was not something crypto was made to do, any new crypto claiming to do that is probably just a scam.', 'x2tfa4'], ['u/Imalittlestitious86', 52, '2022-09-01 02:40', 'https://www.reddit.com/r/CryptoCurrency/comments/x2tfa4/how_is_crypto_any_better_for_fighting_wealth/imlj1au/', 'Crypto isn’t just going to magically level the playing field. Billionaires and institutions will always go to where the money is. Who do you think has been dumping on us poor retail degens.', 'x2tfa4'], ['u/surrender_the_juice', 373, '2022-09-01 02:44', 'https://www.reddit.com/r/CryptoCurrency/comments/x2tfa4/how_is_crypto_any_better_for_fighting_wealth/imljksh/', 'Anyone saying that crypto is going to fight wealth inequality is lying or ignorant.', 'x2tfa4'], ['u/rorowhat', 13, '2022-09-01 02:45', 'https://www.reddit.com/r/CryptoCurrency/comments/x2tfa4/how_is_crypto_any_better_for_fighting_wealth/imljnh3/', "Simple, whales can't print more bitcoin like the current Fiat gods can.", 'x2tfa4'], ['u/Hank___Scorpio', 15, '2022-09-01 02:47', 'https://www.reddit.com/r/CryptoCurrency/comments/x2tfa4/how_is_crypto_any_better_for_fighting_wealth/imljydp/', "The rich keep their wealth in assets that accrue value and pay you in tokens that are designed to lose value.\n\nDemanding to be paid in the money, whose supply cannot be increased is a massive weapon against the cantillon effect.\n\nBitcoin is a tool to to be used to even the playing field. It isn't a magic wand.", 'x2tfa4'], ['u/Odysseus_Lannister', 595, '2022-09-01 02:49', 'https://www.reddit.com/r/CryptoCurrency/comments/x2tfa4/how_is_crypto_any_better_for_fighting_wealth/imlk723/', 'It’s not. Crypto was never meant to transfer wealth from the 1% to the 99% and in an unregulated market ripe for manipulation and scams, the rich are going to get richer. Cryptocurrency and decentralization were designed to give full custody of money to the individual and they can spend it/send it/store it wherever or to whomever they like.', 'x2tfa4'], ['u/btc_clueless', 25, '2022-09-01 02:51', 'https://www.reddit.com/r/CryptoCurrency/comments/x2tfa4/how_is_crypto_any_better_for_fighting_wealth/imlkj71/', "Equal wealth distribution was never the goal or part of the design of Bitcoin.\n\nBitcoin offers an alternative to national fiat currencies that are often plagued by poor monetary policy of governments.\n\nBitcoin gives people a choice to use it as an alternative. It also allows for permissionless transactions that cannot be censored by anyone. And Bitcoin cannot be seized by the state unless you give away your keys. \n\nSo no, Bitcoin doesn't solve all problems at once, it's a step to take back some control and put it in the hand of the people, if they chose so.", 'x2tfa4'], ['u/The-Francois8', 17, '2022-09-01 03:03', 'https://www.reddit.com/r/CryptoCurrency/comments/x2tfa4/how_is_crypto_any_better_for_fighting_wealth/imlm7jb/', 'You’re never going to have equal wealth distribution. Pick a new goal. \n\nLifting people out of poverty and giving them a currency that can’t be inflated away is a good goal.', 'x2tfa4'], ['u/notyourbroguy', 43, '2022-09-01 03:29', 'https://www.reddit.com/r/CryptoCurrency/comm... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening:\nPrices:Bitcoin wrestled with the $20,000 threshold for a sixth consecutive day.\nInsights:The District of Columbia\'s case against Michael Saylor raises a number of important issues.\nCatch the latest episodes ofCoinDesk TVfor insightful interviews with crypto industry leaders and analysis. Andsign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context.\n●Bitcoin (BTC): $20,046−0.2%\n●Ether (ETH): $1,577+1.6%\n●S&P 500 daily close: 3,966.85+0.3%\n●Gold: $1,709 per troy ounce−0.2%\n●Ten-year Treasury yield daily close: 3.26%+0.1\nBitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found atcoindesk.com/indices.\nBitcoin\'s Wrestling Match With $20K Continues\nBy James Rubin\nBitcoin\'s tango with $20,000 continued on Thursday.\nThe largest cryptocurrency by market value danced below the psychologically important threshold but then rebounded for the sixth straight day.\nBTC was recently trading at about $20,100, roughly flat over the past 24 hours and near the middle of the tight range it\'s occupied for a week. Bitcoin plunged late last week amid mounting fears over continuing U.S. central bank monetary hawkishness and macroeconomic uncertainty.\nThe asset seems increasingly likely to remain in the same price rut until the release later this month of the latest inflation numbers and other key economic indicators, and the Federal Reserve\'s next interest rate hike, which is widely expected to be 75 basis points.\n"I think we\'re definitely in a market purgatory for some time until some big things start to happen around the regulatory front," Greg Johnson, co-founder and CEO of Rubicon Crypto, told CoinDesk TV\'s "First Mover" program. He added: "I\'m paying attention of course, like everybody else in the industry to what happens in September."\nEther, the second-largest crypto by market cap, was changing hands just below $1,600, up about a 1.5% from a day ago. Johnson was upbeat about the Merge, the Ethereum blockchain shift later this month from a proof-of-work to more energy efficient proof-of-stake protocol that has excited investors.\n"We look at the Merge as one of the most important experiments in the blockchain community that\'s ever happened," he said. "The success lays the blueprint for other migration [from proof-of-work] to proof-of-stake. That\'s going to have an impact on market performance short term. Really, the big thing is what does this do to set in motion broader, similar moves across the blockchain space?\nOther cryptos in the CoinDesk top 20 by market cap spent much of Thursday in the green, with COSMOS and LINK recently climbing more than 7% and 4%, respectively. Popular meme coins DOGE and SHIB were also up.\nStocks\nEquity markets were mixed, with the tech-focused Nasdaq falling slightly but the S&P 500 and Dow Jones Industrial Average (DJIA) breaking four-day losing streaks to close up 0.3% and 0.5%, respectively. Investors will be nervously eyeing the U.S. Department of Labor\'s latest jobs report on Friday for signs of a cooling job market more consistent with a contracting economy. The current jobless rate stands at an historically low 3.5%, although a report Wednesday by payment processor ADP showing private employers adding a lower number of jobs to their payrolls than the average of the previous three months suggested some weakening in the jobs market.\nCrypto news\nBeleaguered crypto lending platform Celsius Network\'s troublescontinuedon Thursday as a group of custodial-account holders formally asked the court overseeing the company\'s bankruptcy case to authorize the return of their funds.\nOther industry and crypto market news was brighter. As CoinDesk\'s Krisztian Sandorreported, some analysts believe the current bitcoin swoon offers a good opportunity to put on a contrarian bet on the digital asset\'s price rising. And CoinDesk\'s Jocelyn Yang found that even as the crypto market pointed downward in August, the prices of several altcoinsrosebecause of positive news events affecting them.\nRubicon\'s Johnson believes the crypto market will expand considerably at least in the U.S. only after regulatory efforts by leading government agencies progress.\n"We believe that for big things to happen in the crypto markets, for us to go from being stuck at 16%, 17% 18% U.S. adoption, we\'re going to need everybody to get on board, and over the next year or so I think you\'re going to start to see more and more of that start to take place. That\'s when we start to see the network scale that everybody talks about."\nJohnson added: "There\'s over $100 trillion easily in the registered advisory industry in the United States. If just a small amount of that starts to migrate, the entire crypto ecosystem moves and it moves exponentially."\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "+14.9%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+7.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "+4.4%", "DACS Sector": "Computing"}]\n[{"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "\\u22120.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Bitcoin", "Ticker": "BTC", "Returns": "\\u22120.3%", "DACS Sector": "Currency"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22120.3%", "DACS Sector": "Smart Contract Platform"}]\nThe Case Against Michael Saylor and What It Means\nBy Sam Reynolds\nTax residency is a complicated affair. Numbers play a part of it, but not the entirety.\nThe cryptocurrency industry is full of big, brash personalities. Given the increased prominence of the asset class, law enforcement is paying closer attention.\nBinance is thesubject of a probeby the U.S. Internal Revenue Service (though it’s unclear if this is a subpoena or just a conversation). The IRS has alsopromisedto make more of an effort to go after traders that underreport income. MicroStrategy founder and Executive Chairman Michael Saylor finds himself beingscrutinized by the District of Columbia’sAttorney General over his tax residency. Saylor says he’s a resident of Florida, where he claims he resides for over half the year, votes and reports for jury duty, but the case being brought by the District says he’s also a resident of D.C.\n“Under District law, any individual is subject to District tax liability if they are domiciled in the District, or if they establish statutory residency in the District. Saylor has been domiciled in the District, or a statutory resident of the District, or both, in each year from 2013 through 2020,” the complaint reads.\nThe complaint outlines that under D.C. law a person can be a statutory resident if they maintain a place of abode in the district. It also outlines that from 2013-2020 Saylor sometimes spent less than three months in Florida – and always returning to Washington, D.C. This round trip, they say, proves that his real home is in the District and not in Florida.\n“He continued returning to Georgetown, where his yachts were docked, time and again. Furthermore, social media posts confirm that the District remained the center of both his social and business lives. His District abode served as a home accessible to his principal place of business in Tysons Corner, showing that his economic base of operations remained near the District, not Florida,” the complaint reads.\nComplaint\nThe complaint also says that despite registering to vote in Florida, Saylor has never actually voted in person in the state, according to voter records.\n“Voting records show that he requested absentee ballots sent to the address of MicroStrategy’s corporate office in the District suburbs in the 2020 election, and, on information and belief, he requested that absentee ballots in prior elections be sent to either his corporate address in Virginia or home address in the District,” the complaint says.\nSaylor, for his part, disputes the charges, saying that he always remained in Florida for the majority of the year.\nBut the problem is the case isn’t about that. It’s about where he made a home.\nEvery tax jurisdiction in the world accounts for this, otherwise the rich would shuttle themselves between low-tax jurisdictions and their "home base" and avoid paying tax. Washington, D.C., even has a special clause for this: Part-Year D.C. Resident. The item accounts for those that spend part of their year in the District, even if they don’t have a statutory residence.\nOne defense Saylor might have is to highlight the seemingly political nature of the prosecution. Saylor, brash personality and all, is a staunch libertarian (though hetends to donateacross party lines), and cryptocurrency along with bitcoin maximalism tends to be a favorite whipping boy of the political left. The Attorney General, on the other hand,is fairly openabout his disdain for the political right.\nWhile the D.C. AG’s office does present a strong case against Saylor, it could have undoubtedly gone after lower-profile targets that don’t have lightning bolts in their Twitter profile picture.\n8:30 p.m. HKT/SGT(12:30 p.m. UTC):Labor force participation rate(August)\n8:30 p.m. HKT/SGT(12:30 p.m. UTC):U.S. participation rate(August)\n10 p.m. HKT/SGT(2 p.m. UTC):U.S. factory orders(July/MoM)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nMichael Saylor Tax Fraud Case, Celsius Bankruptcy Hearing, Crypto September Outlook\nThe District of Columbia is suing MicroStrategy Executive Chairman Michael Saylor, claiming he lived in Washington D.C., for more than 10 years but never paid any income taxes to the District. Saylor denies the claims. CoinDesk\'s Nikhilesh De had the latest on that case and what to expect from the hea Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-09-02 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $385,532,994,400 - Hash Rate: 198644209.79930627 - Transaction Count: 270588.0 - Unique Addresses: 710783.0 Social & AI Sentiment: - Fear & Greed Index: 0.25 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Oversold stocks is our topic for today. There is no point in sugarcoating this years volatility on Wall Street. Many stocks have fallen precipitously. Meanwhile, many darlings of the pandemic have lost significant value in the past six months. The tech-heavy Nasdaq 100 index has fallen 28 % year-to-date (YTD), while the benchmark S&P 500 index has dropped 19% so far this year. Moreover, many growth stocks have tumbled more than 50% since the beginning of the year. As a result, a number of high-quality shares are trading below fair value. InvestorPlace - Stock Market News, Stock Advice & Trading Tips With consumer sentiment at a record low and inflation at 40-year highs, rising interest rates have added salt to the wound . So naturally , investors are on the hunt for oversold stocks with bargain valuations that could soar in value once optimism returns to the stock market. While it is crucial to be well-positioned for the next bull rally, investors shouldnt buy oversold stocks simply because they have fallen a long way . Stocks can experience further sudden declines before the pessimism subsides. As the saying goes, liquidity is king, especially during bear markets. 7 Best Large-Cap Stocks to Buy in July 2022 With that information, here are seven oversold stocks to buy in July 2022. SQ Block $64.97 BLUE Bluebird Bio $4.82 CCI Crown Castle $171.77 ETSY Etsy $85.94 META Meta Platforms $169.77 SWKS Skyworks $95.53 TWLO Twilio $88.70 Block (SQ) The logo for Block (SQ) is shown on a phone screen with the company's old name and logo, Square, visible behind the phone. Source: Sergei Elagin / Shutterstock.com 52-Week Range: $56.01 $289.23 Financial technology (fintech) play Block (NYSE: SQ ) focuses on diverse solutions for point of sale (PoS) payments, peer-to-peer (P2P) payments and cryptocurrency. Its Square ecosystem offers an integrated suite of commerce solutions for especially small- to mid-sized businesses. Block announced first-quarter results on May 5. Revenue declined 22% year-over-year (YOY) to $3.96 billion. Net loss came in at 38 cents per diluted share, compared with a net income of 8 cents per diluted share in the prior-year quarter. Cash and equivalents ended the period at $ 4 billion. Story continues Gross profit in the first quarter stood at $1.3 billion, up 34.4 % year over year. The Square ecosystem accounted for $661 million of this figure. Investors are pleased that Block is focused on expanding its omnichannel software offerings. Meanwhile, its personal finance app, Cash App, has around 50 million users. SQ stock has tumbled 60 % YTD, trading near its two-year lows set on June 17 . Shares are trading at 84 times forward earnings and just 2 times sales. Wall Streets 12-month median price forecast is at $ 140 . Bluebird Bio (BLUE) Bluebird Bio biotech company logo on phone screen. BLUE stock. Source: rafapress / Shutterstock 52-Week Range: $2.87 $20.43 Biotech group Bluebird Bio (NASDAQ: BLUE ) focuses on transformative gene therapies for severe genetic diseases . The company released Q1 metrics on May 9. Revenue increased by 111% YOY to $1.9 million. Net loss came in at $1.66 per diluted share, down from a loss of $3.07 per diluted share a year ago. Cash and equivalents ended the quarter at $312 million , including restricted cash of approximately $45 million . Meanwhile, the company implemented cost-cutting measures, estimating potential cost savings of $160 million over the next few years. In 2021, the company submitted two gene-editing therapies to the Food and Drug Administration (FDA) for approval. The first was beti-cel for people with beta-thalassemia who require regular red blood cell transfusions . The second was eli-cel for cerebral adrenoleukodystrophy, a rare neurodegenerative disease that primarily affects young children . These treatments are expected to gain approval in August and September 2022, respectively. High-Quality Stocks to Buy That Are Trading Below Fair Value BLUE stock has sunk 52 % YTD and 76 % over the past year. Shares are changing hands at a lofty 64 times sales. Analysts 12-month median price forecast stands at $8 . Thats because, like most small biotech plays, investing in Bluebird Bio is speculative and not appropriate for all portfolios. Crown Castle International (CCI) Image of Crown Castle (CCI) logo on a web browser highlighted through the lens of a magnifying glass Source: Casimiro PT / Shutterstock.com 52-Week Range: $153.70 $209.87 Crown Castle (NYSE: CCI ) is the largest pure-play communications real estate investment trust (REIT) in the U.S. It operates more than 40,000 mobile towers and 55,000 small cell nodes. M ajor wireless carriers rely on its communications infrastructure to provide mobile data to customers. The REIT reported Q1 results on April 20. Revenue increased 15% YOY to $1.58 billion. Adjusted funds from operations (FFO) came in at $1.87 per share, up 9% from $1.71 per share a year ago. Cash and equivalents ended the period at $482 million. Since the early days of the pandemic, we have witnessed the rapid increase in 5G mobile internet, video streaming and online shopping. As a result, mobile data consumption stateside has skyrocketed. Management projects, especially the deployment of 5G, will help create shareholder value, including dividend growth of more than 7% per year. The REIT currently generates an attractive 3.4 % dividend yield. CCI stock has declined 17 % since the beginning of the year . Shares are trading at 42.6 times forward earnings and 11.4 times sales. Wall Streets 12-month median price forecast is at $201 . Etsy (ETSY) Etsy logo on a phone screen on a blue background. Phone is in a little cart and there are packages around them. ETSY stock. Source: Sergei Elagin / Shutterstock 52-Week Range: $67.01 $307.75 Online e-commerce platform Etsy (NASDAQ: ETSY ) sells unique or one-of-a-kind items such as handmade and crafted goods as well as vintage items. Through recent international acquisitions, such as Elo7 in Brazil , Etsy has been growing its global outreach. The online shopping company announced Q1 metrics on May 4. Revenue increased 5.2% YOY to $579 million. Net income came in at 60 cents per diluted share, down from $1 a year ago. Cash and equivalents ended the period at $762 million. Etsy added 7 million brand-new buyers, bringing its total active buyers to 95.1 million. Total gross merchandise sold increased 3.5% YOY in Q1 2022. Analysts point out Etsys lack of physical infrastructure makes it more resilient during a market downturn than its peers. In addition, the company is currently expanding into high-growth e-commerce markets like Southeast Asia and Latin America. As a result , management anticipates Q2 revenue to increase more than 11% YOY at the high end. 7 Warren Buffett Stocks to Buy and Hold for the Next Decade So far in 2022, ETSY stock has fallen 61 %. Shares are trading at 31 times forward earnings and 5 times sales. Analysts 12-month median price forecast stands at $114 . Meta Platforms (META) A person using the Facebook app on a smartphone Source: Wachiwit / Shutterstock.com 52-Week Range: $154.25 $384.33 Meta Platforms (NASDAQ: META ) is the largest social media company . Its family of apps includes Facebook, Instagram, Messenger and WhatsApp. The social media giant primarily generates revenue through the advertising businesses on its platforms. Looking forward, CEO Mark Zuckerberg expects his company to lead the growth in the metaverse economy . Meta Platforms issued Q1 metrics on April 27. Revenue surged 7% YOY to $27.9 billion. Earnings per diluted share came in at $2.72, down from $3.30 in the prior-year quarter. Cash and equivalents ended the period at $43.9 billion. Investors are worried about slowing growth and rising expenses amidst a weak advertising environment. As a result, the company reported a 25% YOY decline in operating profit. Management anticipates nearly flat revenue in the second quarter, attributing the slowdown to the privacy update by Apple (NASDAQ: AAPL ). It reduces the efficiency of Metas targeted ads and fierce competition from TikTok. META stock has lost almost 53 % YTD , trading at 2-year lows . Shares look significantly undervalued at 14.2 times forward earnings and 4 times sales. Wall Streets 12-month median price forecast is at $2 85 . Skyworks Solutions (SWKS) the Skyworks (SWKS) website is loading on a smartphone Source: madamF / Shutterstock.com 52-week range: $88.76 $197.62 Skyworks Solutions (NASDAQ: SWKS ) offers semiconductors for wireless handsets that support wireless connectivity. The chipmaker reported Q2 metrics on May 3. Revenue increased 14% YOY to a record $1.34 billion. Net income per diluted share came in at $2.63, up 11% from $2.37 in the prior-year quarter. Cash and equivalents ended the period at $656.4 million. Skyworks benefited from growing chip demand from leading smartphone original equipment manufacturers (OEMs). Apple (NASDAQ: AAPL ) is Skyworks largest customer, accounting for 54% of its Q2 revenue . Wall Street was pleased that revenues from its non-smartphone business grew 36% YOY to a record $523 million, generating 39% of total revenue. Skyworks is expanding its footprint in high-growth markets, including the Internet of Things (IoT), industrial, automotive and wireless connectivity. 7 REITs to Buy for a Bear Market So far in 2022, SWKS stock has dropped 39 %, trading around its two-year lows . It currently supports a dividend yield of 2.4%. Shares have a cheap valuation at just 7.3 times forward earnings and 2.9 times sales. Analysts 12-month median price forecast stands at $ 135 . Twilio (TWLO) The Twilio (TWLO) logo is seen on a smartphone. Twilio is a cloud communications platform as a service company based in San Francisco, California. Source: Tada Images / Shutterstock.com 52-Week Range: $77.14 $412.68 Business-to-consumer (B2C) communications platform Twilio (NYSE: TWLO ) offers solutions that allow compan... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Paul Krugman. Ricardo Rubio/Europa Press via Getty Images Paul Krugman has been a scathing critic of bitcoin and other cryptocurrencies for at least a decade. The Nobel Prize-winning economist has called them pointless, wasteful, and virtually worthless. Krugman has also dismissed crypto as mostly a tool for criminals, and in large part a Ponzi scheme. Paul Krugman has repeatedly criticized bitcoin and other cryptocurrencies, dismissing them as useless, wasteful, niche, and only valuable due to hype and speculation. Over the years, the Nobel Prize-winning economist and New York Times columnist has slammed the crypto industry for enabling criminals, complicating transactions, preying on vulnerable people, and operating as a pyramid scheme. Here are Krugman\'s 12 best quotes about crypto over the past decade, lightly edited for length and clarity: 1. "People think it\'s smart, nay cutting-edge, to create a sort of virtual currency whose creation requires wasting real resources in a way Adam Smith considered foolish and outmoded in 1776." (" Adam Smith Hates Bitcoin ") (April 12, 2013) 2. "To be successful, money must be both a media of exchange and a reasonably stable store of value. And it remains completely unclear why bitcoin should be a stable store of value." (" Bitcoin is Evil ") (December 28, 2013) 3. The enthusiasm for cryptocurrencies seems very odd, because it goes exactly in the opposite of the long-run trend. Instead of near-frictionless transactions, we have high costs of doing business, because transferring a bitcoin or other cryptocurrency unit requires providing a complete history of past transactions. Instead of money created by the click of a mouse, we have money that must be mined \x97 created through resource-intensive computations." (" Transaction Costs and Tethers: Why I\'m a Crypto Skeptic ") (July 31, 2018) 4. "Cryptocurrencies have no backstop, no tether to reality. Their value depends entirely on self-fulfilling expectations \x97 which means that total collapse is a real possibility. If speculators were to have a collective moment of doubt, suddenly fearing that bitcoins were worthless, well, bitcoins would become worthless." (" Transaction Costs and Tethers: Why I\'m a Crypto Skeptic ") (July 31, 2018) Story continues 5. "There might be a potential equilibrium in which bitcoin (although probably not other cryptocurrencies) remain in use mainly for black market transactions and tax evasion, but that equilibrium, if it exists, would be hard to get to from here: once the dream of a blockchained future dies, the disappointment will probably collapse the whole thing." (" Transaction Costs and Tethers: Why I\'m a Crypto Skeptic ") (July 31, 2018) 6. "Crypto has been effectively marketed: It manages both to seem futuristic and to appeal to old-style goldbug fears that the government will inflate away your savings, and huge past gains have drawn in investors worried about missing out. So crypto has become a large asset class even though nobody can clearly explain what legitimate purpose it\'s for." ( How Crypto Became the New Subprime ) (January 27, 2022) 7. "I\'m seeing uncomfortable parallels with the subprime crisis of the 2000s. No, crypto doesn\'t threaten the financial system \x97 the numbers aren\'t big enough to do that. But there\'s growing evidence that the risks of crypto are falling disproportionately on people who don\'t know what they are getting into and are poorly positioned to handle the downside." ( How Crypto Became the New Subprime ) (January 27, 2022) 8. "Bitcoin plays into a fantasy of self-sufficient individualism, of protecting your family with your personal AR-15, treating your Covid with an anti-parasite drug or urine and managing your financial affairs with privately created money, untainted by institutions like governments or banks." (" Guns, Germs, Bitcoin and the Antisocial Right ") (January 31, 2022) 9. "Cryptocurrencies play almost no role in economic transactions other than speculation in crypto markets themselves. And if your answer is \'give it time,\' you should bear in mind that bitcoin has been around since 2009, which makes it ancient by tech standards; Apple introduced the iPad in 2010." (" Crashing Crypto: Is This Time Different? ") (May 17, 2022) 10. "If you believe, as I do, that crypto is to a large extent a Ponzi scheme, this may just happen to be the moment when the scheme has run out of new suckers." (" Wonking Out: Wasn\'t Bitcoin Supposed to Be a Hedge Against Inflation? ") (June 17, 2022) 11. "Jim Chanos went on to call crypto a \' predatory junkyard .\' Well, I wouldn\'t go that far. Actually, on second thought, I would." (" Wonking Out: Wasn\'t Bitcoin Supposed to Be a Hedge Against Inflation? ") (June 17, 2022) 12. "The way I see it, crypto evolved into a sort of postmodern pyramid scheme. The industry lured investors in with a combination of technobabble and libertarian derp; it used some of that cash flow to buy the illusion of respectability, which brought in even more investors. And for a while, even as the risks multiplied, it became, in effect, too big to regulate." (" Crypto Is Crashing. Where Were the Regulators? ") (July 11, 2022) Read more: The chief investment officer of a $1.5 billion firm explains how to invest in the companies that benefit from recessions \x97 and shares the top 10 overlooked stocks that have helped him beat the market this year Read the original article on Business Insider', '• Paul Krugman has been a scathing critic of bitcoin and other cryptocurrencies for at least a decade.\n• The Nobel Prize-winning economist has called them pointless, wasteful, and virtually worthless.\n• Krugman has also dismissed crypto as mostly a tool for criminals, and in large part a Ponzi scheme.\nPaul Krugman has repeatedly criticized bitcoin and other cryptocurrencies, dismissing them as useless, wasteful, niche, and only valuable due to hype and speculation.\nOver the years, the Nobel Prize-winning economist and New York Times columnist has slammed the crypto industry for enabling criminals, complicating transactions, preying on vulnerable people, and operating as a pyramid scheme.\n1. "People think it\'s smart, nay cutting-edge, to create a sort of virtual currency whose creation requires wasting real resources in a way Adam Smith considered foolish and outmoded in 1776." ("Adam Smith Hates Bitcoin") (April 12, 2013)\n2. "To be successful, money must be both a media of exchange and a reasonably stable store of value. And it remains completely unclear why bitcoin should be a stable store of value." ("Bitcoin is Evil") (December 28, 2013)\n3. The enthusiasm for cryptocurrencies seems very odd, because it goes exactly in the opposite of the long-run trend. Instead of near-frictionless transactions, we have high costs of doing business, because transferring a bitcoin or other cryptocurrency unit requires providing a complete history of past transactions. Instead of money created by the click of a mouse, we have money that must be mined — created through resource-intensive computations." ("Transaction Costs and Tethers: Why I\'m a Crypto Skeptic") (July 31, 2018)\n4. "Cryptocurrencies have no backstop, no tether to reality. Their value depends entirely on self-fulfilling expectations — which means that total collapse is a real possibility. If speculators were to have a collective moment of doubt, suddenly fearing that bitcoins were worthless, well, bitcoins would become worthless." ("Transaction Costs and Tethers: Why I\'m a Crypto Skeptic") (July 31, 2018)\n5. "There might be a potential equilibrium in which bitcoin (although probably not other cryptocurrencies) remain in use mainly for black market transactions and tax evasion, but that equilibrium, if it exists, would be hard to get to from here: once the dream of a blockchained future dies, the disappointment will probably collapse the whole thing." ("Transaction Costs and Tethers: Why I\'m a Crypto Skeptic") (July 31, 2018)\n6. "Crypto has been effectively marketed: It manages both to seem futuristic and to appeal to old-style goldbug fears that the government will inflate away your savings, and huge past gains have drawn in investors worried about missing out. So crypto has become a large asset class even though nobody can clearly explain what legitimate purpose it\'s for." (How Crypto Became the New Subprime) (January 27, 2022)\n7. "I\'m seeing uncomfortable parallels with the subprime crisis of the 2000s. No, crypto doesn\'t threaten the financial system — the numbers aren\'t big enough to do that. But there\'s growing evidence that the risks of crypto are falling disproportionately on people who don\'t know what they are getting into and are poorly positioned to handle the downside." (How Crypto Became the New Subprime) (January 27, 2022)\n8. "Bitcoin plays into a fantasy of self-sufficient individualism, of protecting your family with your personal AR-15, treating your Covid with an anti-parasite drug or urine and managing your financial affairs with privately created money, untainted by institutions like governments or banks." ("Guns, Germs, Bitcoin and the Antisocial Right") (January 31, 2022)\n9. "Cryptocurrencies play almost no role in economic transactions other than speculation in crypto markets themselves. And if your answer is \'give it time,\' you should bear in mind that bitcoin has been around since 2009, which makes it ancient by tech standards; Apple introduced the iPad in 2010." ("Crashing Crypto: Is This Time Different?") (May 17, 2022)\n10. "If you believe, as I do, that crypto is to a large extent a Ponzi scheme, this may just happen to be the moment when the scheme has run out of new suckers." ("Wonking Out: Wasn\'t Bitcoin Supposed to Be a Hedge Against Inflation?") (June 17, 2022)\n11. "Jim Chanos went on to call crypto a \'predatory junkyard.\' Well, I wouldn\'t go that far. Actually, on second thought, I would." ("Wonking Out: Wasn\'t Bitcoin Suppo Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-09-03 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $377,122,808,625 - Hash Rate: 226362006.5154886 - Transaction Count: 242597.0 - Unique Addresses: 641511.0 Social & AI Sentiment: - Fear & Greed Index: 0.21 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin (BTC) has gained 36% in two months, offering relief to the battered bulls. However, according to Crypto Twitter, the recovery has suddenly drawn the shape of a bearish pattern on price charts and could be short-lived. "BTC is consolidating within a rising wedge, which is a bearish pattern," Milan Vojtek, a technical analysis enthusiast,tweetedearly Tuesday, echoing the views of hisTwitter compatriots. A rising wedge represents a bounce contained between two converging trendlines connecting higher lows and higher highs. The converging nature of trendlines indicates volatility is contracting as prices rise, a sign of recovery losingsteam– and that tension is building, with sellers contesting the move higher. So an occurrence of a rising wedge often has traders preparing for a fresh price drop. Chart-based traders typically take short positions – bets on declines – when prices dive out of the rising wedge, confirming a breakdown. The pseudonymous analyst Nebraskagoonertweeted, "Really not looking hot here after multiple rejections. A rising wedge breakdown would target a $21,500 area." The predictive power of technical analysis patterns is tied to their popularity, meaning sometimes these patterns can become aself-fulfilling prophecy; the greater the number of people tracing the rising wedge, as is the case with bitcoin, the stronger the probability of a renewed drop. Bitcoin has yet to dive out of the rising wedge, but if it does there could be renewed selling, as feared by Crypto Twitter. The pattern has also drawn the attention of savvy traders. "Bitcoin has managed to hold up much better than I thought it might, but the outlook appears to be the same," Michael Kramer, founder of Mott Capital Management, wrote in a market updatepublishedSunday. "A rising wedge pattern is forming within the bear flag pattern, strengthening the case for this fall lower and potential test $16,400." Macro and fundamental factors can singlehandedly make or break patterns. To the disappointment of bitcoin bulls, macro factors seem to support the case for a wedge breakdown. Analysts at ING expect financial conditions to tighten while heading into the U.S. Federal Reserve's Sept. 20-21 policy meeting. Financial conditions are determined by the U.S. dollar exchange rate and bond yields. A rising dollar and bond yields mean financial conditions are tightening, a bearish development for liquidity-addicted risk assets like stocks and cryptocurrencies. "Expect financial conditions to re-tighten in the weeks and months ahead. After all, that's what the Federal Reserve wants and needs,"ING analysts wrotein a blog post published Monday. Per ING, U.S. financial conditions were very tight at the end of June, but have considerably loosened since then. ING analysts added the Fed would be hoping the financial conditions re-tighten, "Otherwise the Fed will be left with the less comfortable position of coaxing tighter financial conditions, whether through the verbal or policy action route." The U.S. dollar is already on the rise. The dollar index, which tracks the greenback's value against major fiat currencies, neared 107.00 early today, extending the recovery from the past week's low of 104.63. The yield on the 10-year Treasury note held steady above 2.8%, having put in a low of 2.67% following last Wednesday's soft U.S. Consumer Price Index release. The resilience in the yield suggests traders of risk assets may be wrong to conclude that inflation in the U.S. has peaked and the Federal Reserve will probably slow liquidity tightening in the coming months.... - Reddit Posts (Sample): [['u/sonotworthit420', 'Best way to buy Ergo in a DEX with Bitcoin?', 45, '2022-09-03 02:46', 'https://www.reddit.com/r/ergonauts/comments/x4haib/best_way_to_buy_ergo_in_a_dex_with_bitcoin/', 'What is the best way to buy Ergo on a DEX with Bitcoin or any other popular crypto? I know you can buy it through exchanges that have KYC policies, but I prefer the anonymity. Thanks!', 'https://www.reddit.com/r/ergonauts/comments/x4haib/best_way_to_buy_ergo_in_a_dex_with_bitcoin/', 'x4haib', [['u/FathersFolly', 18, '2022-09-03 03:03', 'https://www.reddit.com/r/ergonauts/comments/x4haib/best_way_to_buy_ergo_in_a_dex_with_bitcoin/imvdfp5/', 'Currently not possible. Wait for successful AnetaBTC and/or Rosen Bridge launch.\n\nAlternatively, you CAN swap BTC to ERG on Kucoin or Coinex with no KYC.', 'x4haib'], ['u/slasherzx', 14, '2022-09-03 03:29', 'https://www.reddit.com/r/ergonauts/comments/x4haib/best_way_to_buy_ergo_in_a_dex_with_bitcoin/imvgqnc/', '[https://tradeogre.com/exchange/BTC-ERG](https://tradeogre.com/exchange/BTC-ERG)\n\n&#x200B;\n\nNo kyc.', 'x4haib'], ['u/Chooknwalrus', 11, '2022-09-03 03:30', 'https://www.reddit.com/r/ergonauts/comments/x4haib/best_way_to_buy_ergo_in_a_dex_with_bitcoin/imvgtw6/', 'Trade Ogre is a good pick. Also, Kucoin/Coinex dont require KYC if daily withdrawal is under a threshold. Kucoin is 1BTC/value a day.', 'x4haib']]], ['u/Void-Century', 'Is there a physical limitation on Bitcoin (or any other which needs to be in consensus) when it comes to geographical distance and scale ?', 18, '2022-09-03 02:49', 'https://www.reddit.com/r/CryptoTechnology/comments/x4hd67/is_there_a_physical_limitation_on_bitcoin_or_any/', "This is a question about how scalable, a crypto network can be.\n\nLet's assume there are some nodes in Mars (just an example), and they need to be in consensus with Earth. But due to the inherent time difference between the 2 locations, plus due to Earth having the larger computational share, Mars nodes will have to follow behind the main network and won't ever be able to generate a block from there even if the bandwidth and other issues got solved (since main network will always have the longest chain / higher weight, etc...).\n\nSo my questions are,\n\n1. Is my premise true or am I missing something?\n2. Is this true for any network which needs to be in consensus to a single state?\n3. Are there ways around this ?\n4. Does decentralization falls off with large scale long distance networks ?", 'https://www.reddit.com/r/CryptoTechnology/comments/x4hd67/is_there_a_physical_limitation_on_bitcoin_or_any/', 'x4hd67', [['u/Chemical_Extent_3758', 11, '2022-09-03 05:39', 'https://www.reddit.com/r/CryptoTechnology/comments/x4hd67/is_there_a_physical_limitation_on_bitcoin_or_any/imvvsus/', 'Each planet would have to have its own network with slow off ramps to the other planets', 'x4hd67']]], ['u/Over_Contract_1681', 'Be careful, I lost my life savings to Binance', 164, '2022-09-03 04:44', 'https://www.reddit.com/r/binance/comments/x4jkof/be_careful_i_lost_my_life_savings_to_binance/', "I was temporarily all in on Bitcoin, I know this is silly but it was the solution to a problem. I had a large position, one I am comfortable with and accept the risks.\n\nWhat I never anticipated was for Binance to request source of funds. Fiat deposits/payslip/tax statement/recent deposits are fine but they asked me to show proof of ownership of every wallet I have ever used to deposit into Binance with, given the nature of Crypto/lost wallets, this is wrong/crazy. A new transaction, yes, you are going to have the keys.\n\nI have over 100 deposits with various wallets new/old/historic. \n\nI am missing a couple of wallets from when I started, Binance will not release my life savings, EVER.\n\nDon't leave more then 5% on a centralised exchange, I say this as someone extremely close to suicide as I have lost my life savings/my life.\n\nHope this prevents someone from the pain/taking their own life.\n\nI believe in Bitcoin, if it goes to zero (unlikely) I would have accepted the loss. But for it to be taken by Binance is different.\n\nMy account is nothing more then a trading account, I done nothing wrong. I wasn't keeping my crypto on the exchange, it was there for a couple of days and I got the error message when I was trying to transfer to cold storage.\n\nI believe it exceeded an amount which triggered the source of funds.", 'https://www.reddit.com/r/binance/comments/x4jkof/be_careful_i_lost_my_life_savings_to_binance/', 'x4jkof', [['u/HipsterDanger', 95, '2022-09-03 04:49', 'https://www.reddit.com/r/binance/comments/x4jkof/be_careful_i_lost_my_life_savings_to_binance/imvqb3c/', "More context on the doc request please. Binance won't freeze your account without any reason. I think you got involved in some shady stuff and binance wants clarification on it.", 'x4jkof'], ['u/Lucky_Letter_2730', 46, '2022-09-03 07:48', 'https://www.reddit.com/r/binance/comments/x4jkof/be_careful_i_lost_my_life_savings_to_binance/imw7zxz/', 'you arent telling us everything ..... this is pure FUD against Binance !\n\nNo way Binance would do that without any reason AND no way Binance will steal your money if you are LEGIT \n\nProve that and you will be fine .... stop posting these craps here', 'x4jkof'], ['u/neen209', 44, '2022-09-03 08:19', 'https://www.reddit.com/r/binance/comments/x4jkof/be_careful_i_lost_my_life_savings_to_binance/imwaicq/', 'Is it against the rules to have people send you crypto to your Binance wallets? Why would they ask for ownership of the wallets that sent you crypto?\n\nWhat if you were to deposit into your Binance from a crypto ATM or something?', 'x4jkof'], ['u/purepacha118', 70, '2022-09-03 09:34', 'https://www.reddit.com/r/binance/comments/x4jkof/be_careful_i_lost_my_life_savings_to_binance/imwg2x0/', '"One I am comfortable with and accept the risks"\n\n"Extremely close to suicide"\n\nSounds like you didn\'t accept the risks at all?', 'x4jkof'], ['u/l00knc', 75, '2022-09-03 10:26', 'https://www.reddit.com/r/binance/comments/x4jkof/be_careful_i_lost_my_life_savings_to_binance/imwjssj/', 'Okay, listen. I\'ve been going through the similar situation for the past 3 months. I still did not get access to my funds, but I\'m getting there. First they blocked my account, and then their system froze it automatically due to "security reason". Contact their support and explain them situation. Dont be too harsh on them. If you did nothing wrong and you did not violate their rules you should be good.\n\nEdit: spelling', 'x4jkof'], ['u/littlegreenfish', 40, '2022-09-03 11:08', 'https://www.reddit.com/r/binance/comments/x4jkof/be_careful_i_lost_my_life_savings_to_binance/imwmsbi/', "Sounds like this person was depositing via flagged 'sus' addresses or online casinos.", 'x4jkof'], ['u/Rez1009', 21, '2022-09-03 11:08', 'https://www.reddit.com/r/binance/comments/x4jkof/be_careful_i_lost_my_life_savings_to_binance/imwmsk2/', 'Yep, OP lost his life’s criminal gains as Binance stopped his account 🤣', 'x4jkof'], ['u/Oskis1004', 11, '2022-09-03 12:30', 'https://www.reddit.com/r/binance/comments/x4jkof/be_careful_i_lost_my_life_savings_to_binance/imwsk32/', 'Is it not okay to deposit from an online casino?', 'x4jkof'], ['u/littlegreenfish', 24, '2022-09-03 13:12', 'https://www.reddit.com/r/binance/comments/x4jkof/be_careful_i_lost_my_life_savings_to_binance/imwvwi9/', "Multiple deposit transactions from Casino-related addresses will be flagged for money laundering. That's why Binance asks for a Bank statement with fully traceable transactions in cases where an account has been flagged / under investigation. \n\nYou need to have acquired the FIAT legitimately to begin with and the sum of every crypto transaction/gain/loss/fees needs to be equal or close to the cumulative total of all your wallets. \n\nThe casino needs to be able to provide a full betting statement to prove legitimacy of your funds. It gets worse if the Casino is crypto based and if the deposits were made in crypto instead of fiat.", 'x4jkof'], ['u/ArchiBib', 16, '2022-09-03 13:24', 'https://www.reddit.com/r/binance/comments/x4jkof/be_careful_i_lost_my_life_savings_to_binance/imwwvnw/', 'This is standard anti money laundering practices. It’s not often explained because most laws prevent them from disclosing the information that could help money launderer work around the systems. \n\nMoney laundering isn’t just Pablo bringing his dollars clean back to Columbia, it’s also Isis funding their next attack. \n\nIt’s very serious stuff and if you’re going to continue in deeper finance than your saving account you should know all that and accept it. \n\nI appreciate how the crypto world is bringing new ideas and new flow to embark as well because I know a traditional broker would have KYCed the hell out of you before you could deposit money. \n\nThe problem is too much crypto bro founders have preached successfully that because Bitcoin is here, finance has moved on to a new era and that’s just not true yet.', 'x4jkof'], ['u/Electronic_Lies_420', 19, '2022-09-03 13:55', 'https://www.reddit.com/r/binance/comments/x4jkof/be_careful_i_lost_my_life_savings_to_binance/imwzq4q/', 'this. truth will win.', 'x4jkof'], ['u/TheVoidWelcomes', 17, '2022-09-03 14:23', 'https://www.reddit.com/r/binance/comments/x4jkof/be_careful_i_lost_my_life_savings_to_binance/imx2jn8/', 'Life is beautiful... just breath. The material world is illusion. The trappings Of desire', 'x4jkof'], ['u/clearedmycookies', 11, '2022-09-03 14:33', 'https://www.reddit.com/r/binance/comments/x4jkof/be_careful_i_lost_my_life_savings_to_binance/imx3is2/', 'The potential for money laundering', 'x4jkof'], ['u/brtnjames', 36, '2022-09-03 15:02', 'https://www.reddit.com/r/binance/comments/x4jkof/be_careful_i_lost_my_life_savings_to_binance/imx6pag/', 'Binance stealing your money is not a normally associated risk imo', 'x4jkof'], ['u/madmancryptokilla', 19, '2022-09-03 17:01', 'https://www.reddit.com/r/bin... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["It’s Labor Day weekend, which means that summer is over. No, I do not care that the autumn season hasn’t officially started; summer is over when August is over. Anyway, the finance world is usually slow in August since that’s when Wall Street’s finest unwind by doing work by the dim light of their mobile phones in the Hamptons instead of by the bright light of their offices in the Financial District. Now bitcoin, not to be upstaged, thought it would be best to buck that trend entirely by effectively erasing all of July’s price gains in August. So let’s talk about summer markets. – George Kaloudis ______________________________________________________________________ First, let’s let summer mean from the start of June to the end of August. If you look at bitcoin’s last two monthly candles, they look like mirror images of each other, with July’s green and August’s red (see below). You’re reading Crypto Long & Short , our weekly newsletter featuring insights, news and analysis for the professional investor. Sign up here to get it in your inbox every Sunday. Monthly bitcoin price chart (TradingView) Candles show how the price of an asset changed over a specified time period. The end of the lines (or wicks) on either side of the rectangles touch the low and high price during the time period, and the bottoms and tops of the rectangles (or candlesticks) represent the open and close price during that time period. Green candles mean the price went up; red candles mean the price went down. In this case: bitcoin started July around $19.9K, hit a monthly low of about $18.8K, peaked around $24.7K in July, and ended July around $23.3K. It then started August around $23.3K, sank to $19.6K, climbed as high as $25.2K, and ended the month around $20.0K. So you could say that bitcoin has taken the summer off – except June happened. Bitcoin opened June trading at about $31.8K, which means bitcoin’s price fell about 33% in the summer. To test the idea that “nothing happens in finance in the summer,” you could compare bitcoin’s summer to the S&P 500’s, which has lost about 4.3% since June (maybe things do happen in finance in the summer). Story continues But an interesting fact pattern appears when looking at these summers: Bitcoin hadn’t had a negative summer since 2018 and the S&P 500 hadn’t had one since 2015 . Read more: Bitcoin's Price Rises Amid Uncertainty Bitcoin summer price performance (TradingView, CoinDesk Indices) You could insert an advertisement for the disclaimer that “past performance is not indicative of future results,” but also, we knew that. The only thing these historical time frames have in common over the years is the time frame itself. But we’ll look at these time frames for some insight anyway, because Mr. Market is emotional, irrational (a dog-themed cryptocurrency is worth billions (there are actually two of them !)) and inefficient (if it weren’t, prices would never move). A cruel summer Here are some truths: During the last two summers, BTC spot exchange volumes (the dollar value of bitcoin traded) were down about 43.5% in 2021 and about 14.0% in 2022 when compared to the preceding three months, respectively. Volumes were down in both comparable periods, but bitcoin’s price gained 33.1% in 2021 and lost 32.6% in 2022. So if the last two years are any indication, you can reasonably suggest that volumes are thinner in summer, but you probably wouldn’t suggest that it leads to a price increase or decrease. As a disclaimer, the volume data comes from skew , which aggregated across seven trusted exchanges (Kraken, LMAX Digital, ItBit, Bitstamp, Gemini, Coinbase and FTX). As such, the absolute volume number is understated, but it works for comparison purposes. If you then look forward to September, the same volume historically increases rather quickly. The spot exchange volumes in September were $10.7 billion and $51 billion for 2020 and 2021, respectively. Those values make up 38.9% and 42.7% of the preceding three months of volumes (not for nothing, there wasn’t a month-over-month volume increase between August and September in 2020). Bitcoin monthly trading volume (skew) So you could reasonably expect trading volume to pick up, and it typically does in the fourth quarter anyway. But the real question is: At what price? Well, if previous Septembers are any indication (which they aren’t), it is valuable to know that bitcoin’s price has decreased in September every year since 2017. So does that mean, after bitcoin performed so poorly this summer, it will be absolutely, tremendously down in September? Bitcoin price performance in September (TradingView, CoinDesk Indicies) Who knows? See, the thing about looking at tangible metrics of price performance and volume over time periods is there is one critical item missing in those numbers. Narrative . Sure, the expected volume increase in September might exacerbate whatever narrative is the flavor of the month, but it doesn’t necessarily indicate that bitcoin’s price will definitely fall this September. 2022’s post–summer narrative So, what is the narrative? These days, traders are paying close attention to the Merge . The Merge is not on Bitcoin (it is on Ethereum), but ether is the second most heavily traded cryptocurrency, so their price action is related. Whether the Merge will be bearish or bullish is up for debate. Read more: Ethereum’s Merge Projected for September According to 'Soft' Timeline Instead, here’s the cynical narrative my skeptical mind is paying attention to: What if the Merge isn’t as successful as anticipated or, worse yet, it breaks Ethereum? To me that means that either: a) Bitcoin will get dragged down as collateral damage as traders will trade all crypto assets like they’ve failed, b) traders will flood out of ETH to bitcoin since BTC doesn’t really make these sorts of wholesale technology updates and that’s good , or c) something in between. Read more: Did Merge Optimism Lift Ether or Was It the S&P 500? My bet is on c, but that’s because it’s easy to not be wrong if you hedge enough. In any event, we’ll be sure to revisit this at the end of September since that would mark the end of the third quarter and the start for the historically heavily traded fourth quarter. On top of that, the Merge will have been … merged … by then so there will be plenty to discuss around its degree of success.", "It’s Labor Day weekend, which means that summer is over. No, I do not care that the autumn season hasn’t officially started; summer is over when August is over.\nAnyway, the finance world is usually slow in August since that’s when Wall Street’s finest unwind by doing work by the dim light of their mobile phones in the Hamptons instead of by the bright light of their offices in the Financial District. Now bitcoin, not to be upstaged, thought it would be best to buck that trend entirely by effectively erasing all of July’s price gains in August.\nSo let’s talk about summer markets.\n– George Kaloudis\n______________________________________________________________________\nFirst, let’s let summer mean from the start of June to the end of August. If you look at bitcoin’s last two monthly candles, they look like mirror images of each other, with July’s green and August’s red (see below).\nYou’re readingCrypto Long & Short, our weekly newsletter featuring insights, news and analysis for the professional investor.Sign up hereto get it in your inbox every Sunday.\nCandles show how the price of an asset changed over a specified time period. The end of the lines (or wicks) on either side of the rectangles touch the low and high price during the time period, and the bottoms and tops of the rectangles (or candlesticks) represent the open and close price during that time period. Green candles mean the price went up; red candles mean the price went down.\nIn this case: bitcoin started July around $19.9K, hit a monthly low of about $18.8K, peaked around $24.7K in July, and ended July around $23.3K. It then started August around $23.3K, sank to $19.6K, climbed as high as $25.2K, and ended the month around $20.0K.\nSo you could say that bitcoin has taken the summer off – except June happened. Bitcoin opened June trading at about $31.8K, which means bitcoin’s price fell about 33% in the summer. To test the idea that “nothing happens in finance in the summer,” you could compare bitcoin’s summer to the S&P 500’s, which has lost about 4.3% since June (maybe thingsdohappen in finance in the summer).\nBut an interesting fact pattern appears when looking at these summers: Bitcoin hadn’t had a negative summer since2018and the S&P 500 hadn’t had one since2015.\nRead more:Bitcoin's Price Rises Amid Uncertainty\nYou could insert an advertisement for the disclaimer that “past performance is not indicative of future results,” but also, we knew that. The only thing these historical time frames have in common over the years is the time frame itself. But we’ll look at these time frames for some insight anyway, becauseMr. Marketis emotional, irrational (adog-themed cryptocurrencyis worth billions (there are actuallytwo of them!)) andinefficient(if it weren’t, prices would never move).\nHere are some truths: During the last two summers, BTC spot exchange volumes (the dollar value of bitcoin traded) were down about 43.5% in 2021 and about 14.0% in 2022 when compared to the preceding three months, respectively. Volumes were down in both comparable periods, but bitcoin’s price gained 33.1% in 2021 and lost 32.6% in 2022. So if the last two years are any indication, you can reasonably suggest that volumes are thinner in summer, but you probably wouldn’t suggest that it leads to a price increase or decrease.\nAs a disclaimer, the volume data comes fromskew, which aggregated across seven trusted exchanges (Kraken, LMAX Digital, ItBit, Bitstamp, Gemini, Coinbase and FTX). As such, the absolute volume number is understated, but it works for comparison purposes.\nIf you then look forward t Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-09-04 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $379,051,945,912 - Hash Rate: 258699436.01770127 - Transaction Count: 204538.0 - Unique Addresses: 541540.0 Social & AI Sentiment: - Fear & Greed Index: 0.20 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: The price of Ethereum ( ETH-USD ) has also dropped by nearly 70% over the past three months for the first time in the history of the largest altcoin by capitalization. The crisis in the cryptocurrency market has led to massive layoffs and liquidations in many large crypto companies, and crypto lending platforms are now under threat of bankruptcy. Coinbase and Crypto.com announced more than 1400 layoffs, the largest crypto investment fund Three Arrows Capital went into liquidation , and lending company Celsius suspended withdrawals for customers. Mining companies faced difficulties due to falling profitability and began to sell mined Bitcoins to pay their operating costs and cover loans. External Factor Pressure The price of Bitcoin is largely correlated with the situation in the US stock market. The stock sell-off has seriously impacted Bitcoin and the crypto market as investors are doing away with risky assets. In the second quarter, the US Federal Reserve implemented two aggressive interest rate hikes to cope with record-high inflation, fueling fears of a global recession. As a result, the percentage-wise decline in traditional asset indices has reached double-digit values. The hardest hit were the stocks of high-growth technology names the Nasdaq Composite dropping by 22.4% in the second quarter and showing its worst quarterly performance over 14 years. Bitcoin has never experienced such strong pressure from external factors as it is now. Since the beginning of the year, the cryptocurrency has lost 57.3% in price, twice as much as the S&P 500 (-20.6%). Those who bought shares of companies such as PayPal (-64.2%), Netflix (-70%) and Shopify (-77%), suffered more losses. Even classic portfolio strategies in the US are showing their worst performance since the 2008 global financial crisis. Still Falling There are no reasons in sight for a change in the global downtrend in the market. From the point of view of macro prospects, a change in the trend for Bitcoin is possible only with the change in the rhetoric of the US Federal Reserve to a friendlier stance towards the stock markets. The prerequisite is the normalization of inflation and the stabilization of the economy. Story continues Even worse, the likelihood of a further price decline is only increasing. In his recent speech to the US Congress, the head of the Fed acknowledged that there is a possibility of a recession. Previously, high growth in food prices against the backdrop of low unemployment was a typical picture on the eve of economic downturns. The negative sentiment towards digital currencies on the part of regulators was exacerbated by the collapse of the TerraUSD stablecoin, as a result of which global authorities started talking about the shortcomings of the digital currency market and the need for stricter regulation. No End In Sight? Improvements in the stock exchange market are unlikely in the near future, which means that the price of Bitcoin in the third quarter will not demonstrate growth. A lot will also depend on geopolitics, new economic measures, prices for commodities, and the results of the elections to the US Congress in early November. Some experts predict a possible rebound in the price of Bitcoin to $25,000. But, subsequently, there is a high chance that the cryptocurrency will continue to fall and begin a long consolidation in search of price lows below the $10,000 mark. Psychological factors are also playing against Bitcoin. During a downtrend, positive news does not contribute to cryptocurrency exchange rates growth, while negative news, on the contrary, has a negative effect on the price. New price lows can provoke traders to a new reset of the cryptocurrency throughout the market. On the other hand, it can be an entry point for market newcomers looking to take advantage of the low price. In many ways, long-term investors are guided by 2024, when the next Bitcoin halving will take place. The price of the coin will most likely update its historical highs after the landmark event, just as it has in the past history of the oldest cryptocurrency. In any case, it can be quite a risky venture to buy any cryptocurrency now, as top instruments may well lose another 50% to 70% of their current value. This article was originally posted on FX Empire More From FXEMPIRE: Frances EDF to be fully nationalised -prime minister Highland Park shooting suspect due in court on 7 murder counts Crypto Exchange Giant Binance Launches Zero-Fee Bitcoin (BTC) Trading Wall Street retreats ahead of Fed minutes Exclusive-Germanys Delivery Hero, Spanish unit Glovo targeted in EU antitrust raids Extradited drug lord returns to Italy to serve 30-year sentence... - Reddit Posts (Sample): [['u/capabus', 'Bitcoin’s “lightning network” in the real world', 342, '2022-09-04 00:05', 'https://www.reddit.com/r/Buttcoin/comments/x565f7/bitcoins_lightning_network_in_the_real_world/', 'Funny I don’t recall this ever happening with DiRty FiAt', 'https://i.redd.it/6cxrl2eivpl91.jpg', 'x565f7', [['u/[deleted]', 40, '2022-09-04 00:12', 'https://www.reddit.com/r/Buttcoin/comments/x565f7/bitcoins_lightning_network_in_the_real_world/imzcklz/', 'Please reach out to the internet for help', 'x565f7'], ['u/MooseSoftware', 111, '2022-09-04 00:38', 'https://www.reddit.com/r/Buttcoin/comments/x565f7/bitcoins_lightning_network_in_the_real_world/imzg140/', '"our support team" 🤣🤣🤣🤣🤣', 'x565f7'], ['u/WillistheWillow', 72, '2022-09-04 00:54', 'https://www.reddit.com/r/Buttcoin/comments/x565f7/bitcoins_lightning_network_in_the_real_world/imzi5dn/', 'Be your own DNS service!', 'x565f7'], ['u/andrewdski', 33, '2022-09-04 00:55', 'https://www.reddit.com/r/Buttcoin/comments/x565f7/bitcoins_lightning_network_in_the_real_world/imzi8wr/', 'DNS on the blockchain. Brilliant use-case. /s', 'x565f7'], ['u/HopeFox', 146, '2022-09-04 01:12', 'https://www.reddit.com/r/Buttcoin/comments/x565f7/bitcoins_lightning_network_in_the_real_world/imzkh1a/', "There's a support team? Sounds kinda centralized.", 'x565f7'], ['u/BeowulfShaeffer', 10, '2022-09-04 01:20', 'https://www.reddit.com/r/Buttcoin/comments/x565f7/bitcoins_lightning_network_in_the_real_world/imzlinx/', '…or even the mainline BTC blockchain. As long as you’re willing to wait, anyway.', 'x565f7'], ['u/biffbobfred', 41, '2022-09-04 02:13', 'https://www.reddit.com/r/Buttcoin/comments/x565f7/bitcoins_lightning_network_in_the_real_world/imzsaue/', 'There’s DNS for Eth. But the one guy so-not-decentralized-service who ran it is in jail for money laundering for a murderous dictator, so yeah all those .Eth addresses are gonna have a hard time.', 'x565f7'], ['u/biffbobfred', 10, '2022-09-04 02:14', 'https://www.reddit.com/r/Buttcoin/comments/x565f7/bitcoins_lightning_network_in_the_real_world/imzscoh/', 'Searches for my Karen wig', 'x565f7'], ['u/frizzyhaired', 18, '2022-09-04 04:36', 'https://www.reddit.com/r/Buttcoin/comments/x565f7/bitcoins_lightning_network_in_the_real_world/in0a1p6/', "He's in jail for violating sanctions against North Korea", 'x565f7'], ['u/blackmobius', 65, '2022-09-04 04:41', 'https://www.reddit.com/r/Buttcoin/comments/x565f7/bitcoins_lightning_network_in_the_real_world/in0al8a/', 'Phil in Nebraska is our main IT guy, and when he comes back from his shift at Dominoes he will get right on it', 'x565f7'], ['u/WHY_DO_I_SHOUT', 24, '2022-09-04 06:06', 'https://www.reddit.com/r/Buttcoin/comments/x565f7/bitcoins_lightning_network_in_the_real_world/in0k2jf/', 'Worth noting that this design of LN is not actually used in production. The only LN in prod use is Strike\'s "[private Lighting Network](https://davidgerard.co.uk/blockchain/2021/06/27/bitcoin-myths-immutability-decentralisation-and-the-cult-of-21-million/#:~:text=Strike%20loudly%20proclaims%20it%20uses%20Lightning)" which is centralized and completely defeats the purpose of using Bitcoin in the first place.', 'x565f7'], ['u/zenithfury', 10, '2022-09-04 06:55', 'https://www.reddit.com/r/Buttcoin/comments/x565f7/bitcoins_lightning_network_in_the_real_world/in0ot2l/', 'Does it offer verbal abuse or stony silence?', 'x565f7'], ['u/Magnesus', 23, '2022-09-04 08:55', 'https://www.reddit.com/r/Buttcoin/comments/x565f7/bitcoins_lightning_network_in_the_real_world/in0ys4n/', "> how the whole LN thing works\n\nIt doesn't.", 'x565f7'], ['u/Affect-Electrical', 43, '2022-09-04 11:35', 'https://www.reddit.com/r/Buttcoin/comments/x565f7/bitcoins_lightning_network_in_the_real_world/in1af17/', 'sure, email [email protected]', 'x565f7'], ['u/admirelurk', 18, '2022-09-04 11:44', 'https://www.reddit.com/r/Buttcoin/comments/x565f7/bitcoins_lightning_network_in_the_real_world/in1b3jj/', 'You can imagine a lightning channel as a shared bank account with two beneficiaries, who must both agree before money can be spent. Lets say we both put in €10 initially, so we also create a settlement transaction to return €10 to our each of our separate bank accounts in case either of us wants to break up. This settlement transaction is signed, but not yet published or recorded on the chain.\n\nIf I want to pay to €2, usually I would create a transaction from my bank account to yours, but that\'s takes time and transaction fees. With lightning, I would instead create a new settlement transaction for our joint account that gives €12 to you and €8 to me. This new transaction also invalidates the old settlement transaction. Again, this doesn\'t need to be recorded on the chain unless either of us wants to split up.\n\nThis principle can be extended to form networks of channels. Let\'s say A wants to pay C. They don\'t have a channel between them, but they do both have a channel with B. Then B can act as an intermediary, such that A pays B and B pays C.\n\n> Like, how much does it cost to set it up? \n\nYou can set up a client on cheap computer hardware. However, a client should ideally be online 24/7, otherwise your counterparty might assume you are gone and close the channel. Your counterparty can also try to scam you by publishing an old settlement transaction. This takes time and is risky for the counterparty, but it can happen. \n\n>I assume you have to "stake" some crypto for the network layer?\n\nYes, a channel must be funded initially by one or both parties. The amount you can send and receive depends on the balance of the channel.\n\n> What are the fees and commissions? \n\nThe fees differ but are usually a fraction of a percent, as capacity is much larger than demand. \n\n>What are actual settlement times?\n\nSeconds at most before a transaction is approved by all intermediaries. Recording a transaction on the chain is not necessary for security. Still, parties can close the channel cooperatively, which is recorded in the next available block like any other transaction (10mins average on BTC) or one party can force close the channel after a waiting period (7 days by default)', 'x565f7'], ['u/james_pic', 15, '2022-09-04 17:24', 'https://www.reddit.com/r/Buttcoin/comments/x565f7/bitcoins_lightning_network_in_the_real_world/in2btyv/', 'The big issue with it is that each channel is between exactly two parties. If you want to transfer money to or from someone you\'ve never transacted with before, you either need to set up a channel with them (which costs as much as a regular bitcoin transaction, and locks some coins in the channel until you close it - again, at the cost of a regular bitcoin transaction), or you have to route the payment through a series of intermediaries (who I think end up being somewhat trusted - I forget exactly how trusted, but an untrustworthy one can definitely make your life harder).\n\nIn practice, this pushes most people to use a small number of well connected payment channel providers. And since the "you need to keep your node running 24×7 or you can get scammed by your counterparty" requirement is a bit of a pain, most users don\'t actually run their own nodes, but use custodial wallets.\n\nWhich is to say that even when the system works flawlessly (and it typically doesn\'t, as the original post illustrates - routing and channel capacity are problems), it\'s effectively a mechanism for running banks on the blockchain. But with technology even clunkier than the stuff the banks are using, and none of the regulation or consumer protection.', 'x565f7']]], ['u/AutoModerator', '[Daily Discussion] - Sunday, September 04, 2022', 35, '2022-09-04 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/x5dcnh/daily_discussion_sunday_september_04_2022/', "Thread topics include, but are not limited to:\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\nThread guidelines:\n\n* Be excellent to each other.\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\nOther ways to interact:\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/x5dcnh/daily_discussion_sunday_september_04_2022/', 'x5dcnh', [['u/dopeboyrico', 27, '2022-09-04 06:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/x5dcnh/daily_discussion_sunday_september_04_2022/in0julx/', '74% drop from peak, 41% rally from bottom, followed by failed retest of the bottom which ended up being 10% higher than the actual bottom.\n\nIf that’s it, this is the weakest bear market we’ve ever seen for BTC. Although it did set the important precedent that BTC can in fact fall below previous cycle’s ATH during its bear market, albeit not by an enormous margin.', 'x5dcnh'], ['u/Outrageous-Net-7164', 37, '2022-09-04 06:17', 'https://www.reddit.com/r/BitcoinMarkets/comments/x5dcnh/daily_discussion_sunday_september_04_2022/in0l5ok/', 'Weakest bear after the most pathetic bull run seems about right. Less volatile as she grows.', 'x5dcnh'], ['u/Admirable_Salad_9982', 18, '2022-09-04 07:41', 'https://www.reddit.com/r/BitcoinMarkets/comments/x5dcnh/daily_discussion_sunday_september_04_2022/in0svmt/', "if the fed continues to commit to not pivoting and the war lasts throughout the winter, this is only going one way, and it ain't up.", 'x5dcnh'], ['u/bittabet', 11, '2022-09-04 08:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/x5dcnh/daily_discussion_sunday_september_04_2022/in0uvj0/', 'On the surface you would think so but this war is leading to an energy crisis which will drive persistent stagflation if the fed continues the path they’re on... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening: Prices: Bitcoin and ether spend the weekend in a tight trading range below $20K; investors will have few, significant economic indicators to consider until the next U.S. inflation figures next week. Insights: Blockchain Protocol Cardano\'s arrival on Robinhood seems like a big yawn, given the protocol\'s lack of achievements. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. And sign up for First Mover , our daily newsletter putting the latest moves in crypto markets in context. Prices ● Bitcoin ( BTC ): $19,927 +0.5% ● Ether ( ETH ): $1,576 +1.1% ● S&P 500 daily close: 3,924.26 −1.1% ● Gold: $1,719 per troy ounce +0.6% ● Ten-year Treasury yield daily close: 3.19% −0.07 Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found at coindesk.com/indices. Bitcoin\'s Quiet Weekend Below $20K By James Rubin Bitcoin camped out below $20,000 on the last three-day summer holiday weekend in the U.S. The largest cryptocurrency by market value was recently trading at about $19,900, up a few ticks of a percentage point over the past 24 hours and about where it ended Friday. BTC has held support at roughly this level for a week as investors eyed employment data that could give them some hint about the U.S. central bank\'s next interest rate intentions later this month and wisdom of committing to higher risk assets. "We continue to see Bitcoin struggling to maintain $20,000 support," Joe DiPasquale, the CEO of crypto asset manager BitBull Capital, wrote in an email to CoinDesk. DiPasquale called bitcoin\'s current range "good...to begin accumulation," although he advised "being mindful of further drops" that might occur around Sept. 13, when the Bureau of Labor Statistics releases the August Consumer Price Index (CPI). Story continues Ether maintained a similar level of crypto price stasis with a little more than half the U.S. Labor Day weekend over. The second largest cryptocurrency by market capitalization was recently changing hands just below $1,600, up approximately 1% over the previous day but just about where it ended Friday. ETH investors now await the Bellatrix upgrade on Tuesday. This enhancement on the Beacon Chain will be responsible for setting the rest of the Merge process in motion. The Merge will shift ether from proof-of-work to a more energy efficient proof-of-stake protocol. Other altcoins were mostly in the green with ADA, ATOM and SHIB all recently up over 4% over the previous 24 hours. The native token for GMX, a decentralized exchange on Arbitrum, rose more than 9% and has climbed significantly in recent weeks. Stocks U.S. equity markets closed down on Friday after the Labor Department\'s latest jobs data offered little hope that the Federal Reserve, which has boosted interest rates a hefty 75 basis points at its last two Federal Open Market Committee (FOMC) meetings, would ratchet back its hawkishness. The tech-heavy Nasdaq, S&P 500 and Dow Jones Industrial Average (DJIA) all dropped more than a percentage point and have fallen three consecutive weeks. U.S. markets will be closed on Monday. The Institute for Supply Management will release its monthly services index on Tuesday with expectations for a slight decline. And the U.S. Census Bureau will publish its wholesale inventories report for July. Crypto news On Saturday, MicroStrategy Executive Chairman Michael Saylor told an audience at the Baltic Honeybadger conference in Riga, Latvia that the non-crypto part of the software firm is working on bitcoin-related projects as well. The firm\'s developers are working on solutions that would allow the onboarding large numbers of people onto the Lightning network, a payment network on top of bitcoin allowing faster and cheaper transactions. CoinDesk\'s Jocelyn Yang reported , unusual blockchain data appears to show large blocks of bitcoin worth more than $200 million moving for the first time in years, prompting crypto analysts to puzzle over its significance. On Aug. 28, according to a post from crypto data analysis platform CryptoQuant , 5,000 BTC that hadn’t moved for at least seven years was transacted. The next day, LookIntoBitcoin ’s data tracker showed another 5,000 BTC was transferred again. And the saga of troubled crypto lender Celsius Network continued when the company, which is going through bankruptcy proceedings, said in a legal filing Thursday that a freshly found $70 million pile of cash would likely help it continue operating through the end of 2022. According to the document, Celsius expects “approximately $70 million of proceeds from the repayment of USD denominated loans.” BitBull\'s DiPasquale remains wary about predicting any long-term, crypto price movement upward. "If the current macro economic conditions persist, we may see a prolonged consolidation period for crypto and markets in general, as opposed to a sharp upward recovery," he wrote. Biggest Gainers Asset Ticker Returns DACS Sector Cardano ADA +4.8% Smart Contract Platform Cosmos ATOM +4.5% Smart Contract Platform Shiba Inu SHIB +4.2% Currency Biggest Losers Asset Ticker Returns DACS Sector Terra LUNA −2.7% Smart Contract Platform Insights Cardano on Robinhood? So What By Sam Reynolds Robinhood recently announced that it’s listing Cardano (ADA) on its trading platform, which has generated all kinds of buzz and bullish predictions about a price breakout. Of course, talk about ADA and price breakouts sometimes seems\xa0 as old as crypto itself: The token, according to its faithful, is always on the precipice of something great. But the reality is a breakout has yet to happen. ADA, despite being launched in 2017, only introduced smart contracts last year. Smart contracts are what make blockchains useful; the maturity of smart contract framework on Ethereum can be directly tied to the value of Ether. And even after smart contracts were launched on ADA, nothing happened. DeFi Llama shows that the total value locked (TVL) in Cardano is only $81 million. Compared to the TVL locked in other protocols this is smaller than a rounding error (or in the case of Solana, a double-counting scheme ). In the time since ADA’s launch, other protocols have far surpassed it for utility and for the market’s faith in them. Klaytn, which is relatively unknown outside\xa0 Korea , launched in late 2021 and has a TVL of $357 million.\xa0 Avalanche, launched in September 2020, has $1.8 billion in TVL . Even if Tron, which is synonymous with shitcoin, and whose founder’s name is closely associated with a get-rich-quick scheme, has a TVL of $5.7 billion – way more than ADA. Market cap\xa0 is a measure of the value of tokens in circulation, not in the value locked in the protocol’s code. To be sure, Cardano\xa0 founder, Charles Hoskinson, seems to always draw a crowd wherever he goes, and this charisma and his past accomplishments (some falsified as journalist Laura Shin recounts in her recent book)\xa0may largely explain\xa0 the protocol’s allure and $15 billion market cap. Investors are often drawn to entrepreneurs with great presence. Based on Cardano’s current merits, nothing else accounts for its attraction. Important events U.S. Labor Day holiday 8:30 a.m. HKT/SGT(12:30 a.m. UTC): Jibun bank services PMI (August) 9:45 a.m. HKT/SGT(1:45 p.m. UTC): Caixin services PMI (August) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin Hovers Around $20K as US Adds 315K Jobs in August; Ethereum Energy Consumption "First Mover" dove into the crypto markets following the jobs report for August. While the U.S. added 315,000 jobs last month, the unemployment rate inched up to 3.7%. What does this mean for crypto markets? Path Trading Partners Chief Market Strategist Bob Iaccino provided his analysis. Also, Hodder Law Firm\'s Sasha Hodder discussed questions before the court in the Celsius bankruptcy case, such as whether the crypto lender\'s custodial account holders will get their funds back. Plus, what will "The Merge" upgrade do to Ethereum\'s energy consumption? Headlines Australian CBDC Research Project Could Provide Crypto Clarity, Legal Expert Says: Michael Bacina, partner at law firm Piper Alderman, joined CoinDesk TV\'s "First Mover" to discuss why the country is the prime location to test asset digitization. US Job Growth Slowed in August; Bitcoin Gains: The report is one of the last major economic data points the Federal Reserve will see before its September monetary policy meeting. Did Merge Optimism Lift Ether or Was It the S&P 500?: The summer bounce in equity markets probably helped as battered crypto bulls cheer Ethereum\'s impending technological upgrade.. Coinbase Mispricing Allows Users in Georgia to Cash Out for 100 Times Rate: The bug saw Georgia\'s national currency, the lari (GEL), priced at $290 rather than $2.90. Longer reads TradFi Investors Will Love Ethereum’s Merge: The impact of the big shift to proof-of-stake are not priced into the market for ether, says CoinDesk\'s chief content officer. Other voices: El Salvador Had a Bitcoin Revolution. Hardly Anybody Showed Up (Bloomberg) Said and heard "We know that despite the moribund state of markets, many hedge funds, family offices, venture funds and even pension funds and endowments are looking seriously at the long-term benefits of including crypto in their portfolios. Below I lay out why post-Merge ether could figure prominently in their future allocations." ( CoinDesk Chief Content Officer Michael Casey ) ... "Call me the world’s happiest cynic, then, because when I predicted the utter and catastrophic failure of Facebook’s rebranding as “Meta” starting less than a year ago, I genuinely didn’t think it would all unravel as quickly and ignom Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-09-05 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $378,217,093,864 - Hash Rate: 235601272.08754936 - Transaction Count: 250179.0 - Unique Addresses: 628765.0 Social & AI Sentiment: - Fear & Greed Index: 0.23 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Ethereum's native cryptocurrency ether hit a high of $1905. Illustration: Reuters/Dado Ruvic/Illustration (Dado Ruvic / reuters) Ethereum soared 12% today following a successful test ahead of the upcoming 'merge', and after CPI data in the US showed inflation had slowed in July. Following the healthier inflation data from the US and the successful Ethereum proof of stake test, Ethereum's native cryptocurrency ether hit a high of $1905. On Wednesday, the Ethereum network ( ETH-USD ) ran its last test before the major upgrade, which is expected to take place in mid-September. An Ethereum test network, called Goerli, named after the train station in Berlin, tested the proof of work method that will run across the entire network after the coming 'merge', the trial was a success. Read more: Crypto live prices Investors' eyes are now watching the steady climb in the value of ether ahead of September's 'merge' to a proof of stake consensus mechanism. However, challenges have arisen to obstruct a clean 'merge' to proof of stake, with some Ethereum proof of work miners wanting to maintain the legacy way of validating transactions and create their own native asset, which could be listed on exchanges as ETHW. The upgrade will see the end of Ethereum as a high-energy intensive proof of work (PoW) blockchain, and switch to a more environmentally friendly proof of stake (PoS) mode for validating transactions. Read more: Ethereum supply to shrink after 'Merge' upgrade, says Vitalik Buterin The price of ether fell to $877 in July and has nearly doubled since then to $1,882 as of the time of writing. The world's second-largest cryptocurrency by market cap is up 12% in the last 24 hours and 16.2% in the last week. Bitcoin ( USD-BTC ) has also gained today, up 6.4% in 24 hours to stand at $24,538, up 7.2% in the last week. Watch: The Crypto Mile: Episode 6 - Ethereum insider reveals consequences of 'the merge' The Consumer Price Index (CPI) inflation data for the US came out on Wednesday and showed that inflation peaked in June and then slowed in July. In the 12 months through July, the Consumer Price Index (CPI) in the US increased by a weaker-than-expected 8.5%, following a 9.1% rise in June. Story continues The price of consumer goods did not rise in July due to a sharp drop in the cost of gasoline. This was the first sign of relief after inflation has climbed over the past two years. Bitcoin and other blue chip cryptocurrencies again revealed their trend of correlating with tech stocks, and as Wall Street equities rallied so did blue chip cryptocurrencies. Read more: Can ethereum merge make ether the next bitcoin? The combined crypto market cap is up 7.1% in the last 24 hours to $1.21 Trillion. Investors are eyeing the decelerating US inflation rate in the anticipation it prompts a less hawkish Federal Reserve. The Fed has been issuing consecutively hawkish interest rate hikes, but the latest inflation figures may see interest rates rising at a slower pace than previously expected. However, the Fed has indicated that several months of a decline in CPI growth would be needed before it lets up on the increasingly aggressive monetary policy tightening measures. The level of inflation in the US is currently running at a four-decade high. Watch: What would Karl Marx think about crypto? - The Crypto Mile Episode 7... - Reddit Posts (Sample): [['u/pristine_air', 'TIL: there used to be a Bitcoin faucet that literally gave away 5 bitcoins just to solve a CAPTCHA', 3796, '2022-09-05 00:53', 'https://www.reddit.com/r/CryptoCurrency/comments/x607js/til_there_used_to_be_a_bitcoin_faucet_that/', '12 years ago in 2010 a fellow named Gavin Andresen created the first cryptocurrency faucet; he made this simple website giving away 5 bitcoin ( not a typo FIVE) just for solving a CAPTCHA. It has since been archived and what is crazy was that the snapshot on that day showed that there was still 750 Bitcoin to give away. 5 Bitcoin is basically 100,000 USD in todays price and at its all time high this would had equate to 325,000 just for visiting a website. More than likely you could had just visited once everyday or even more\n\n&#x200B;\n\nhttps://preview.redd.it/8g6z5o277xl91.png?width=1031&format=png&auto=webp&s=d5146a3f3b0885c17cf1a67f89149de3ca5c2abb\n\nFrom wikipedia source: Gavin Andresen is a bitcoin pioneer and was one of the few developers that actually developed alongside with Satoshi Nakamoto who declared him as the lead developer for the client bitcoin software. Been quoted, "Bitcoin is designed to bring us back to a decentralized currency of the people," and "this is like better gold than gold." He also conceived of the Bitcoin Foundation but sadly he stopped contributing in 2016 and criticize bitcoin developers for not increasing network capacity and later got involved in bitcoin cash instead. \n\nAnyways thought I shared a bit of fun history to lighten up the mood a bit. \n\nsource: [https://web.archive.org/web/20100703032414/http://freebitcoins.appspot.com/](https://web.archive.org/web/20100703032414/http://freebitcoins.appspot.com/)\n\nsource: [https://en.wikipedia.org/wiki/Gavin\\_Andresen](https://en.wikipedia.org/wiki/Gavin_Andresen)', 'https://www.reddit.com/r/CryptoCurrency/comments/x607js/til_there_used_to_be_a_bitcoin_faucet_that/', 'x607js', [['u/N0tMac', 10, '2022-09-05 00:56', 'https://www.reddit.com/r/CryptoCurrency/comments/x607js/til_there_used_to_be_a_bitcoin_faucet_that/in450wp/', "That's funny because 5 Bitcoin will literally solve every problem in my life.", 'x607js'], ['u/beggerman2', 74, '2022-09-05 00:57', 'https://www.reddit.com/r/CryptoCurrency/comments/x607js/til_there_used_to_be_a_bitcoin_faucet_that/in4555e/', 'I started doing faucets in 2011 made over 100 btc I ended up losing the wallet 2014😭😭😭', 'x607js'], ['u/gnarley_quinn', 1778, '2022-09-05 00:58', 'https://www.reddit.com/r/CryptoCurrency/comments/x607js/til_there_used_to_be_a_bitcoin_faucet_that/in458bv/', 'If I had spent three seconds to solve that captcha, the next thirty years of my life would be very different.', 'x607js'], ['u/whenijusthavetopost', 149, '2022-09-05 00:58', 'https://www.reddit.com/r/CryptoCurrency/comments/x607js/til_there_used_to_be_a_bitcoin_faucet_that/in45auw/', 'Post in the year 2082: TIL there used to be faucets that gave out free potable water, currently valued at 0.31 BTC/Gallon.', 'x607js'], ['u/Optimal_Store', 20, '2022-09-05 01:08', 'https://www.reddit.com/r/CryptoCurrency/comments/x607js/til_there_used_to_be_a_bitcoin_faucet_that/in46kh1/', 'This hurts me deeply', 'x607js'], ['u/Maxx3141', 310, '2022-09-05 01:10', 'https://www.reddit.com/r/CryptoCurrency/comments/x607js/til_there_used_to_be_a_bitcoin_faucet_that/in46tzq/', 'I bet half of the Bitcoin given away from this faucet were lost. Back then crypto had (almost) no value and no one knew it would become as big.', 'x607js'], ['u/EvilCeleryStick', 10, '2022-09-05 01:13', 'https://www.reddit.com/r/CryptoCurrency/comments/x607js/til_there_used_to_be_a_bitcoin_faucet_that/in476iy/', "He's that guy now combing the dump for ten years looking for his lost bitcoin key", 'x607js'], ['u/heymeit', 10, '2022-09-05 01:13', 'https://www.reddit.com/r/CryptoCurrency/comments/x607js/til_there_used_to_be_a_bitcoin_faucet_that/in476vy/', 'Pretty sure I did this. Wallet is gone tho', 'x607js'], ['u/EvilCeleryStick', 33, '2022-09-05 01:14', 'https://www.reddit.com/r/CryptoCurrency/comments/x607js/til_there_used_to_be_a_bitcoin_faucet_that/in47alh/', "Almost funny if it wasn't so probable", 'x607js'], ['u/Greenbriarbushwacker', 20, '2022-09-05 01:14', 'https://www.reddit.com/r/CryptoCurrency/comments/x607js/til_there_used_to_be_a_bitcoin_faucet_that/in47cgz/', 'There will be posts like this talking about the moons faucet in 10 years time 🤞🏻🤞🏻🤞🏻', 'x607js'], ['u/surrender_the_juice', 11, '2022-09-05 01:20', 'https://www.reddit.com/r/CryptoCurrency/comments/x607js/til_there_used_to_be_a_bitcoin_faucet_that/in480us/', 'You don’t even know how excited you just got me.', 'x607js'], ['u/TarkovReddit0r', 21, '2022-09-05 01:20', 'https://www.reddit.com/r/CryptoCurrency/comments/x607js/til_there_used_to_be_a_bitcoin_faucet_that/in480x7/', 'Interviewer: so how did you become a BTC millionaire ?\n\n„I typed fluffy apple“\n\nOr \n\n\n“Well it all started with me selecting the street lights on a picture”', 'x607js'], ['u/Bucksaway03', 10, '2022-09-05 01:20', 'https://www.reddit.com/r/CryptoCurrency/comments/x607js/til_there_used_to_be_a_bitcoin_faucet_that/in481b4/', "Pay off debt, house deposit. Whilst it won't get you far, it's a massive step in the right direction", 'x607js'], ['u/sleepynate', 30, '2022-09-05 01:20', 'https://www.reddit.com/r/CryptoCurrency/comments/x607js/til_there_used_to_be_a_bitcoin_faucet_that/in481ya/', "I used to do this. There were websites you could go to that would email you a best buy gift card code if you sent them Bitcoin. So, Bitcoin faucet ➡️ best buy gift cards over and over.\n\nI bought so many fancy collectors edition DVD sets with my free Internet money. 10-ish years later and I don't even own a working DVD player. The bitcoins would have been worth 10s of millions.", 'x607js'], ['u/Blueeyedgenie69', 64, '2022-09-05 01:21', 'https://www.reddit.com/r/CryptoCurrency/comments/x607js/til_there_used_to_be_a_bitcoin_faucet_that/in484l0/', 'I did it twice so I had ten bitcoin in an online wallet. Looked into putting it in cold storage but it was way too much work for something almost worthless. Eventually lost track of the bitcoin and never got it back.', 'x607js'], ['u/Odysseus_Lannister', 15, '2022-09-05 01:33', 'https://www.reddit.com/r/CryptoCurrency/comments/x607js/til_there_used_to_be_a_bitcoin_faucet_that/in49ntd/', 'I for sure would have sold once it hit $50-100 because that’s a free several thousand bucks I needed back then', 'x607js'], ['u/Bucksaway03', 53, '2022-09-05 01:37', 'https://www.reddit.com/r/CryptoCurrency/comments/x607js/til_there_used_to_be_a_bitcoin_faucet_that/in4a4hx/', 'More then half lost or already sold for sure.', 'x607js'], ['u/pristine_air', 75, '2022-09-05 01:45', 'https://www.reddit.com/r/CryptoCurrency/comments/x607js/til_there_used_to_be_a_bitcoin_faucet_that/in4b6mc/', 'the hard part not many people talk about is holding on to it and not losing it. But yah I get it, small things in life can really make a huge difference.', 'x607js'], ['u/deathbyfish13', 40, '2022-09-05 01:49', 'https://www.reddit.com/r/CryptoCurrency/comments/x607js/til_there_used_to_be_a_bitcoin_faucet_that/in4bpdj/', "There's no way someone getting BTC from a faucet would long term hold through its meteoric rise.\n\nMost likely would have been sold once it hit a few bucks", 'x607js'], ['u/asisoid', 103, '2022-09-05 01:53', 'https://www.reddit.com/r/CryptoCurrency/comments/x607js/til_there_used_to_be_a_bitcoin_faucet_that/in4c7ty/', "You would've sold when it hit like $10.", 'x607js'], ['u/Wonzky', 17, '2022-09-05 01:54', 'https://www.reddit.com/r/CryptoCurrency/comments/x607js/til_there_used_to_be_a_bitcoin_faucet_that/in4cb1q/', 'And there I was wasting my time on an education like a sucker', 'x607js'], ['u/Wabi-Sabibitch', 669, '2022-09-05 01:54', 'https://www.reddit.com/r/CryptoCurrency/comments/x607js/til_there_used_to_be_a_bitcoin_faucet_that/in4cbo5/', 'Most would have just given up when it asks about wallet address.', 'x607js'], ['u/IWantTooDieInSpace', 40, '2022-09-05 01:55', 'https://www.reddit.com/r/CryptoCurrency/comments/x607js/til_there_used_to_be_a_bitcoin_faucet_that/in4cfa3/', "It's ok, you would have forgotten your key and fallen into crippling depression", 'x607js'], ['u/ChesterDaMolester', 10, '2022-09-05 01:55', 'https://www.reddit.com/r/CryptoCurrency/comments/x607js/til_there_used_to_be_a_bitcoin_faucet_that/in4chd3/', 'I ran a faucet for like 6 months. Managed to earn, and give away 8,600,000 sats. Not nearly as impressive but I thought it was fun. Even ranked near the bottom of the first page of google for “Bitcoin”', 'x607js'], ['u/BusinessBreakfast3', 24, '2022-09-05 02:00', 'https://www.reddit.com/r/CryptoCurrency/comments/x607js/til_there_used_to_be_a_bitcoin_faucet_that/in4d1el/', 'In 2027:\n\nTIL 5 years ago, you could buy Bitcoin for less than $100k', 'x607js'], ['u/tinco', 34, '2022-09-05 02:01', 'https://www.reddit.com/r/CryptoCurrency/comments/x607js/til_there_used_to_be_a_bitcoin_faucet_that/in4d594/', "Same, scanned all my old hard drives for any wallet.dat's but couldn't find any, they probably got zapped in some OS reinstall. It's so ridiculous people are paying upwards of 10,000 for BTC. Later when BTC was getting up to like a couple bucks I ran one of the early GPU miners. I did the maths and it would take like 2 weeks of constant mining to get a decent chance of mining a block and getting 50 BTC, it just wasn't worth sleeping next to a zooming PC for that long.", 'x607js'], ['u/dajohns1420', 68, '2022-09-05 02:05', 'https://www.reddit.com/r/CryptoCurrency/comments/x607js/til_there_used_to_be_a_bitcoin_faucet_that/in4do0u/', 'I used I faucet around 2014. I stopped doing it, then remembered the account during the 2017 bull run. I went and checked, and there was 0.22btc. Still have it today.', 'x607js'], ['u/Wabi-Sabibitch', 124, '2022-09-05 02:06', 'https://www.reddit.com/r/CryptoCurrency/comments/x607js/til_there_u... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin rose slightly in Tuesday morning trading in Asia after falling below the key resistance line of US$20,000 on Monday morning. Ether posted the greatest gains in the crypto top ten by market cap as the rest of that list rose or fell by less than 1%. See related article: Markets: Bitcoin, Ether edge up; Cardano, Solana lead gains in crypto top 10 Fast facts Bitcoin dropped 0.9% in the past 24 hours to US$19,817 at 8 a.m. in Hong Kong while Ether added 2.5% to US$1,617, according to data from CoinMarketCap . Ethereum Classic (ETC), the original chain from which the current Ethereum (ETH) network was forked, gained 22.1% to change hands at a two-week high of US$39.63 following the announcement that top mining pool BTC.com will be adding support for Ethereum Classic after of the Merge. The Merge is part of Ethereum’s highly anticipated transition to a Proof-of-Stake consensus mechanism and has contributed to both ETC and ETH posting significant price gains in recent months. Bitcoin Cash, a fork of Bitcoin, is also outperforming the main blockchain, gaining 6.3% to US$125.63. The main Terra network (LUNA) is up 10% to US$1.99, while Terra Classic (LUNC), from which it was forked, is up 60% to US$0.0003995. LUNC was the token used to maintain the algorithmic stablecoin UST’s peg before its spectacular crash in May. LUNA was forked from that network to save the project from losing even more value. Bitcoin Cash was forked from Bitcoin to create a faster and cheaper alternative. U.S. markets were closed on Monday due to the Labor Day holiday. See related article: Where will DeFi be after crypto winter ends? View comments', 'Bitcoin rose slightly in Tuesday morning trading in Asia after falling below the key resistance line of US$20,000 on Monday morning. Ether posted the greatest gains in the crypto top ten by market cap as the rest of that list rose or fell by less than 1%.\nSee related article:Markets: Bitcoin, Ether edge up; Cardano, Solana lead gains in crypto top 10\n• Bitcoin dropped 0.9% in the past 24 hours to US$19,817 at 8 a.m. in Hong Kong while Ether added 2.5% to US$1,617, according todata from CoinMarketCap.\n• Ethereum Classic (ETC), the original chain from which the current Ethereum (ETH) network was forked, gained 22.1% to change hands at a two-week high of US$39.63 following the announcement that top mining poolBTC.com will be adding supportfor Ethereum Classic after of the Merge.\n• The Merge is part of Ethereum’s highly anticipated transition to a Proof-of-Stake consensus mechanism and has contributed to both ETC and ETH posting significant price gains in recent months.\n• Bitcoin Cash, a fork of Bitcoin, is also outperforming the main blockchain, gaining 6.3% to US$125.63. The main Terra network (LUNA) is up 10% to US$1.99, while Terra Classic (LUNC), from which it was forked, is up 60% to US$0.0003995.\n• LUNC was the token used to maintain the algorithmic stablecoin UST’s peg before its spectacular crash in May. LUNA was forked from that network to save the project from losing even more value. Bitcoin Cash was forked from Bitcoin to create a faster and cheaper alternative.\n• U.S. markets were closed on Monday due to the Labor Day holiday.\nSee related article:Where will DeFi be after crypto winter ends?', 'Bitcoin rose slightly in Tuesday morning trading in Asia after falling below the key resistance line of US$20,000 on Monday morning. Ether posted the greatest gains in the crypto top ten by market cap as the rest of that list rose or fell by less than 1%.\nSee related article:Markets: Bitcoin, Ether edge up; Cardano, Solana lead gains in crypto top 10\n• Bitcoin dropped 0.9% in the past 24 hours to US$19,817 at 8 a.m. in Hong Kong while Ether added 2.5% to US$1,617, according todata from CoinMarketCap.\n• Ethereum Classic (ETC), the original chain from which the current Ethereum (ETH) network was forked, gained 22.1% to change hands at a two-week high of US$39.63 following the announcement that top mining poolBTC.com will be adding supportfor Ethereum Classic after of the Merge.\n• The Merge is part of Ethereum’s highly anticipated transition to a Proof-of-Stake consensus mechanism and has contributed to both ETC and ETH posting significant price gains in recent months.\n• Bitcoin Cash, a fork of Bitcoin, is also outperforming the main blockchain, gaining 6.3% to US$125.63. The main Terra network (LUNA) is up 10% to US$1.99, while Terra Classic (LUNC), from which it was forked, is up 60% to US$0.0003995.\n• LUNC was the token used to maintain the algorithmic stablecoin UST’s peg before its spectacular crash in May. LUNA was forked from that network to save the project from losing even more value. Bitcoin Cash was forked from Bitcoin to create a faster and cheaper alternative.\n• U.S. markets were closed on Monday due to the Labor Day holiday.\nSee related article:Where will DeFi be after crypto winter ends?', 'This article was originally published onETFTrends.com.\nBy Patrick Bush and Matthew Sigel\nOur bullish thesis on Cosmos’ ATOM token centers around the power of the Cosmos SDK, the importance of IBC, the clear product market fit of the Cosmos Hub and strong token value accrual.\nPlease note that VanEck has a position(s) in the ATOM token described\xa0below.\nBased on our discounted cash flow analysis of potential Cosmos ecosystem value in 2030, we arrived at a $140 price target for the ATOM token, with downside to $1. With ATOM’s price at $10 as of 8/2/2022, we like the 14-1 odds presented and believe this is a buying opportunity for the\xa0token.\nTo arrive at the model’s assumptions, we found it helpful to answer the following questions:\n• What is a layer 0?\n• Why is cross-chain bridging so hard?\n• How will value accrue to ATOM holders?\n• What is the role of market-makers in crypto?\nA layer 1, smart contract blockchain likeEthereumis simply an enterprise platform that hosts decentralized applications while enabling payments between users. Ethereum generates revenue by charging deployers of smart contracts storage fees, while exacting a toll on users who send transactions or utilize the deployed smart contracts. Conceptually, these customer bases can be segmented into B2B and B2C components, with the deployers of smart contracts thought of as businesses and the end users of the blockchain thought of as consumers. Ethereum rents secure storage space to those businesses to host their enterprise and sells the blockspace to users that allows them to interact with those businesses or send funds. This simple business model, with some tweaks, defines most layer 1\xa0blockchains.\nBy contrast, layer 0 blockchains like theCosmos Hub, PolkadotandAvalancheare highly specialized B2B models. The main customers are other blockchains, and the product provided is security. In essence, alayer 0is a type of blockchain software that coordinates a network of computers where hosted blockchains can deploy their blockchain data and blockchain logic to have it executed to make transactions. This allows the hosted blockchain, or (security) consumer chain, to execute its suite of functions and applications in an environment protected by the layer 0’s security. Because consumer chains deploy as blockchain logic to the layer 0s rather than as smart contract code on a layer 1, they are free to create custom environments for their hosted\xa0applications.\nTo ensure the layer 0 computers are honest, each computer in the network must put up collateral, or “stake”, consisting of the layer 0 tokens. If a computer acts maliciously or fails to properly execute the hosted blockchains’ logic, the computer, called a validator, can lose a portion or all of its stake. This is termed a “proof of stake” (PoS) security model. Effectively, layer 0s are outsourcing host blockchain security to enable each blockchain to focus on its own business model. Security fees can be paid by the consumer chains through a number of different mechanisms, including renting one of a limited number of security spots on a layer 0, collecting a portion of transaction fees, receiving inflationary rewards from consumer chains, or some other combination of these mechanisms. Because layer 0s are secured by validators backed by staked tokens, the value of the security flows through to those staked\xa0tokens.\nThe Cosmos Hub’s target market is the blockchains that make up the Cosmos ecosystem of blockchains. 48 of the 49 blockchains that populate “the Cosmos” are written using theCosmos Software Development Kit (SDK). Released out of a blockchain start-up calledTendermintin January 2018, the Cosmos SDK is the most popular blockchain framework in terms of number of deployments. Cosmos SDK chains include Binance Smart Chain, Thorchain, Oasis, OkEx, Terra and Crypto.com’s Cronos\xa0chain.\nThe Cosmos SDK is a modular framework for developers to create proof of stake (PoS) blockchains. Rather than having to write each component of a blockchain from scratch, developers can pick, choose, and modify components from the Cosmos SDK to assemble their own blockchain. At the heart of the Cosmos SDK is the consensus engine known as the Tendermint Core. Tendermint, utilized in the Terra blockchain, has proven itself extremely robust under the extreme duress of Terra’s collapse. Though the coin values of Terra and Luna were eradicated in the panic, Terra’s Tendermint-based blockchain remained fully operational throughout the entire\xa0melee.\nArguably the most important and revolutionary component of the Cosmos SDK is the IBC module. Using IBC, separate Cosmos SDK blockchains can open up communication channels to exchange data, messages, tokens and other digital assets. The permissionless and trustless communication technology of IBC solves many of the issues presented by trusted bridging solutions that have led to over $1B in funds stolen through bridge hacks. IBC not only allows assets to transfer across chains, but also enables cross chain composability. C Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-09-06 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $378,603,578,925 - Hash Rate: 218662618.53877124 - Transaction Count: 268125.0 - Unique Addresses: 657784.0 Social & AI Sentiment: - Fear & Greed Index: 0.22 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: The U.S. Bureau of Labor Statistics released the consumer price index (CPI) , the inflation number, for June this week. So macro trends are this weeks featured flavor because the CPI number wasnt exactly pretty. From the press release: Over the last 12 months, the all items index increased 9.1 percent before seasonal adjustment. So if youre an American who didnt get a 9.1% pay raise last year ( which most didnt ), then everything is more expensive. If you dig into what made up that 9.1%, the really important stuff (read: food, energy) outpaced it. Food prices rose 10.4%, Energy prices were up 41.6%. Of course, that means gold, the classic inflation hedge asset, should be going up. Except it didnt? And bitcoin did. Also the euro is a dollar stablecoin now. What gives? That (and maybe more ) below. George Kaloudis Youre reading Crypto Long & Short , our weekly newsletter featuring insights, news and analysis for the professional investor. Sign up here to get it in your inbox every Sunday. Ill spend a lot of space in this newsletter on a soapbox because inflation really annoys me. But also because as a son of a Greek immigrant, I find the euro to be really annoying. And gold as a monetary asset never really made sense to me. Plus, I really like Bitcoin. Since a lot of things have been said about all of these things recently, theres a lot for me to latch onto and get worked up about. So here it goes. No, inflation is not good for you and no, we dont need it Inflation is good for you. Google it. Real-life articles have been published that claim this. And theyre serious. Inflation is good for you because it favors debtors. That makes sense. If you have a $100,000 loan, that $100,000 doesnt adjust as things get more expensive. Its still $100,000. So if that $100,000 is a fixed-rate, 30-year mortgage, then your debt burden is lessened. Assuming of course that your wages increased enough to make up for the fact that burritos are more expensive. For the record, wages largely didnt increase enough in the U.S. So while inflation might be good for your mortgage burden, does it make up for the additional 40% youre paying at the gas pump or the additional 10% for burritos ? We need inflation. Google that too. Plenty of articles. All serious. The basic gist of the argument for needing inflation is that a deflationary currency one that increases in value over time rather than decreases will lead to excess saving (or hoarding) and lack of spending in the economy given the time value of money (TVM). TVM is the core tenet of finance. A dollar today is worth more than a dollar tomorrow given the earning potential of that dollar. Story continues Except. That's a whiteboard world. In the real world, theres nothing wrong with saving. Also and this should be shocking to absolutely nobody people buy things because they either a) need them or b) want them. While they may be doing a TVM calculation implicitly, no one is pulling out a HP-12C to decide if they do want guac on their burrito. Is anything an inflation hedge? Theres a really good theoretical argument for the fixed-rate 30-year mortgage mentioned in the previous section as an effective inflation hedge (but dont give Wall Street any ideas again ). But normally gold is touted as the ultimate inflation hedge. Gold has been money for millennia and its relatively rare. And its difficult to produce more gold. So in times of high inflation, we expect gold to increase commensurately. Except now we have gold 2.0 in bitcoin. Heres how both have fared since the June CPI was announced. Bitcoin vs. gold performance since Wednesday (TradingView) Bitcoin told gold: Look at me, I am the captain now . I know this is a very short, cherry-picked time period, but its pretty profound. Bitcoin is finally doing that thing youd expect it to do as gold 2.0. Maybe bitcoin can be an inflation hedge after all. Read more: Bitcoin: Gold 2.0? Try Reserve Asset 3.0 Introducing cryptos newest dollar stablecoin: the euro Last week, for the first time in 20 years, the euro hit parity with the U.S. dollar. CoinDesks Omkar Godbole wrote a great article about what that might mean for crypto markets . In the article, Genesis Global Tradings Noelle Acheson (my former boss) was quoted saying that bitcoin has been negatively correlated with the dollar index the past couple of years. So far this year, this trend has held up. The dollar index has performed extraordinarily well (up 12.3%), the euro compared with the dollar hasnt (-10.8%), and not-to-be-upstaged bitcoin has done even worse (-56.1%). DXY looks strong in 2022 (TradingView) Setting aside both crypto and my negative bias against the euro and its troika (which so graciously bailed out Cyprus, Ireland, Portugal and Greece) for a moment, it will be interesting to see what the European Central Bank will do in the face of a weakening euro, looming gas shortages , increasing energy prices and an impending recession . Hard times in the eurozone might beget hard times elsewhere. For all of Federal Reserve Chairman Jerome Powells woes, at least he isnt ECB President Christine Lagarde . What does this have to do with bitcoin and crypto? Thankfully (unthankfully?) its 2022. And in 2022, bitcoin is a real macro asset. So all of the things that happen in the broader economy affect bitcoin. The Hard Times in crypto that I wrote about the last few weeks may become Harder Times if things in the economy get worse. Sure, bitcoin could be a way to opt out of the current financial system and get away from inflation and poorly run monetary unions. But for now, they are tied together. View comments... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening: Prices: Bitcoin falls below $19K after a late Tuesday plunge. Insights: Binance’s USDC swap out isn’t what you think it is. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. And sign up for First Mover , our daily newsletter putting the latest moves in crypto markets in context. Prices ● Bitcoin ( BTC ): $18,857 −6.3% ● Ether ( ETH ): $1,538 −8.0% ● S&P 500 daily close: 3,908.19 −0.4% ● Gold: $1,707 per troy ounce +NaN% ● Ten-year Treasury yield daily close: 3.34% +0.1 Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found at coindesk.com/indices. Bitcoin Plunges Below $19K; Ether Falls as Well By James Rubin After cruising along at just under $20,000 for much of the past four days, bitcoin took a late Tuesday plunge below $19,000. The largest cryptocurrency by market capitalization was recently trading at about $19,850, down more than 6% over the previous 24 hours, as investors burrowed more deeply into risk-off mode. The decline followed the release of the Institute of Supply Management\'s (ISM) monthly services index showing an unexpected increase in activity among the 15 industries measured in the report. The August ISM underlined the likelihood of further steep interest rate hikes by the U.S. Federal Reserve to slow the resilient economy as it seeks to tame inflation. "The September swoon is in play as a resilient economy paves the way for more Fed tightening," Oanda Senior Market Analyst Edward Moya wrote in an email. Moya added: "The retail trader is starting to panic again as meme stocks and cryptos fall under pressure. Bitcoin is breaking below the key technical levels." After surging early Tuesday and outperforming bitcoin, ether also plummeted. The second-largest crypto by market value was recently trading near $1,530, off roughly 8% as ETH excitement over the Merge, the change of protocol from proof-of-work to more energy efficient proof-of-stake lessened. Story continues Other major cryptos were solidly red after promising beginnings on the first work day following the long U.S. Labor Day holiday weekend. ETC\'s price, which had risen 28% early Tuesday over the previous 24 hours to trade at $41, was more recently down 14% and changing hands below $35. UNI was off almost 16%. Equity markets also closed down, albeit less dramatically, with the tech-focused Nasdaq, S&P 500 and Dow Jones Industrial Average (DJIA) all down by a few fractions of a percentage point. "Stocks are going to struggle because too much of the economy is doing well and that leaves Wall Street vulnerable to an extended period of rising interest rates," Moya wrote. Moya noted bitcoin\'s continued correlation with tech stocks, and he called "the surge with Treasury yields, which rose to nearly 3.5% – their second-highest level of 2022 – "a troubling sign." "Many are starting to doubt that the peak in yields is in place and that could spell trouble for bitcoin," he wrote. "Bitcoin selling pressure will next eye the summer lows just ahead of the $17,500 level." Biggest Gainers There are no gainers in CoinDesk 20 today. Biggest Losers Asset Ticker Returns DACS Sector Chainlink LINK −10.9% Computing Polygon MATIC −10.9% Smart Contract Platform Avalanche AVAX −10.2% Smart Contract Platform Insights Binance’s USDC Swap Out Isn’t What You Think it Is By Sam Reynolds On the surface, Binance removing stablecoins it doesn’t control , like USDC and trueUSD (TUSD), and converting the balances to BUSD looks bad – like antitrust bad, as there’s a platform swapping out the support of its competitor’s product for its own. But that’s a surface-level analysis. The reality is not quite that. Binance will still support other stablecoins. It will allow the deposit and withdrawal of USDC, TUSD and others (just not tether). What the exchange is hoping to accomplish is having one big pool for USD stablecoins to be used for trading – powered by Binance’s USD stablecoin – similar to how FTX pools all stablecoins together under a generic USD and stablecoins category. (FTX screenshot) “Removing most stablecoin pairs is a good thing. Liquidity doesn’t have to be split between multiple stablecoins, making market makers’ jobs easier and markets overall more liquid,” Evgeny Gaevoy, CEO of Wintermute, a market maker for digital assets, tweeted . Gaevoy highlighted that this change actually makes transactions more seamless and frictionless. Binance’s margined products were all denominated in BUSD anyway so there was a conversion required. “Now you can skip the conversion step both ways (for BUSD margined products). It’s a better customer journey all while keeping USDC useful (I’d even argue more useful),” he tweeted. But why isn’t tether (USDT) included in this list of stablecoin products Binance will convert to BUSD? Gaevoy thinks it\'s because U.S. regulators hate tether, meaning that Silvergate and Signature, two large crypto-friendly banks in the U.S., won’t touch it. All this is similar to how FTX treats tether. USDT is viewed as an asset being 1:1 to the U.S. dollar, but not a stablecoin. Burak Tamac, senior researcher at CryptoQuant, has a slightly different view. This move by the exchange is all a play by Binance to absorb the liquidity of USDC in order to undermine USDT. “According to our recent research on stablecoin efficacy, USDT and BUSD have been the top contender for market velocity,” he told CoinDesk, while pointing out that USDC’s one-year velocity is 0.08 compared to USDT’s 0.83 and BUSD’s 0.33. “Since USDC does not seem competitive with BUSD, I believe Binance aims to absorb USDC’s liquidity to undermine USDT in the long run,” he continued. “BUSD’s issuer Paxos is under the New York Department of Financial Services regulatory umbrella. Regulatory clarity and a higher Peg-Robustness score will give BUSD a better ground to compete with USDT.” Behind the scenes Nansen analyst Martin Lee wrote in a note to CoinDesk that Binance has “massively reduced its holdings from the middle of August, while most exchanges typically range sideways.” Tokens on exchanges. (Nansen) Data shows that Binance reduced its holdings of USDC from 2.2 billion USDC on Aug. 14 to one billion USDC on Aug. 22. The most notable transaction is a transfer of 1.78 billion USDC from a Binance peg wallet to a Binance deposit wallet , Lee wrote. It\'s significant, he believes, because the Binance peg wallet contains tokens that are wrapped and pegged by Binance on a 1:1 ratio to the corresponding native token. Balance changes (Nansen) Binance’s intent The core question remains what Binance’s intention was in removing USDC and other stablecoins as a trading pair. On the one hand, the fact that the exchange is removing, behind the scenes, USDC as one of its pegs would suggest that it might be a grander play to delete the stablecoin from history after it gets absorbed. After all, one of the functions of stablecoins, aside from their use in trading pairs, is to provide the dollar stability that their name endows. And if Binance is attempting to remove USDC’s functionality as one of the important pegs for other tokens, then it just might have more sinister plans for the stablecoin market to solidify BUSD’s lead. But on-chain data doesn’t always paint the full picture. This could all just be a harmless reshuffling of assets. Important events Kyiv Tech Summit 10 a.m. HKT/SGT(2 a.m. UTC): China Imports/Exports/Trade balance (August) 1 p.m. HKT/SGT(5 a.m. UTC): Japan leading economic index (July preliminary) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Ethereum Gets Bellatrix Upgrade Ahead of Merge, ETH Jumps Over 6%, ETC Over 26% The countdown began. The Bellatrix upgrade was activated on Tuesday, marking the beginning of the Merge – the transition of Ethereum’s proof-of-work (PoW) chain to the proof-of-stake (PoS) Beacon Chain. Joining "First Mover" to discuss Bellatrix and the Merge was Ethereum Protocol Developer Preston Van Loon. Also, Michael Venuto of Toroso Investments provided crypto markets analysis, and Nick Maynard of Juniper Research explained new research on non-fungible tokens (NFT). Headlines Crypto Exchange KuCoin Highlights Flaws in DeFi Platform Acala\'s Post-Exploit Proposal: The exchange has pinpointed several mistakes in the platform’s data on erroneously issued stablecoins. Bitcoin Dips Below $19K, Hitting Lowest Point in Two Months: The price fell to $18,680 on Tuesday, a point not seen since late June. The Fed Wants You to Lose Money in Stocks and Probably Crypto, Too: Monetary policy works through financial conditions, including equities and consequently crypto, which has been highly correlated with the equity market. UK’s Truss Picks Kwasi Kwarteng to Be Finance Minister: Since 2021, Kwarteng has overseen the government’s business, energy and industrial strategy department, which has supported blockchain innovation. Voyager Kept Taking Buy Orders After Freezing Crypto Transfers; Now, This Trader Is Stuck: “Why did they fill my buy order” after the firm had already shut trading, deposits and withdrawals down? Shaik Taj Baba asked.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin falls below $19K after a late Tuesday plunge.\nInsights:Binance’s USDC swap out isn’t what you think it is.\nCatch the latest episodes ofCoinDesk TVfor insightful interviews with crypto industry leaders and analysis. Andsign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context.\n●Bitcoin (BTC): $18,857−6.3%\n●Ether (ETH): $1,538−8.0%\n●S&P 500 daily close: 3,908.19−0.4%\n●Gold: $1,707 per troy ounce+NaN%\n●Ten-year Treasury yield daily close: 3.34%+0.1\nBitcoin, ether and gold prices are taken a Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-09-07 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $365,309,385,875 - Hash Rate: 224822128.92014512 - Transaction Count: 265239.0 - Unique Addresses: 676262.0 Social & AI Sentiment: - Fear & Greed Index: 0.24 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Latin American crypto company Ripio has started rolling out a prepaid debit card in Brazil that allows payments to be made in cryptocurrency and earns cashback rewards in bitcoin, Ripio CEO Sebastian Serrano told CoinDesk. The company hopes to release 250,000 cards, which were developed in partnership with Visa (V), by the end of the year, offering the product to the one million users it has in the South American country, the company said, adding that the digital version of the card is already available. The card will allow payments using Brazilian reals and the 28 cryptocurrencies Ripio has listed on its platform, the company said. Serrano said Ripio is considering adding rewards in cryptocurrencies other than bitcoin (BTC). The company also plans to launch the card in Argentina later this year, Serrano said, and is not ruling out rolling it out in other countries where the firm operates, such as Uruguay, Colombia, Mexico and Spain. Read more:Binance Joins Argentina’s Crypto Prepaid Cards Boom In Brazil, Ripio currently operates under its own brand and that of BitcoinTrade, a crypto exchangeit acquiredin January 2021, which had 300,000 users at the time of the acquisition. By the end of 2022, BitcoinTrade will be renamed Ripio, Serrano added. In Brazil, Ripio recentlyworked on the development of Mercado Coin, a cryptocurrency launched last week by Mercado Libre (MELI), Latin America's largest e-commerce company by market cap. Ripio also provides the custody and trading service of Mercado Coin in Mercado Pago, Mercado Libre's digital wallet. “This is the first large tokenization project and the first very large company in Latin America to integrate crypto, but we also believe that this is something that is going to become much more widespread and we want to be catalysts for the future,” Serrano said. Ripio has also built a business-to-business team to provide white-label crypto products for other firms in the region. And in July, Ripio launched a Web3 wallet called Ripio Portal, which allows users to connect to decentralized applications and decentralized finance (DeFi) protocols, as well as collect non-fungible tokens (NFT). Last September, the companyraised $50 million in a Series B funding roundled by blockchain investment firm Digital Currency Group (DCG). DCG owns CoinDesk as an independent subsidiary. Serrano said Ripio has no plans to raise new capital during 2022, said Serrano, who added that the company did not have any layoffs in 2022, but did slow its hiring pace starting in November. Ripio currently has 3.5 million users across Brazil, Argentina, Uruguay, Colombia, Mexico and Spain, according to Serrano. The company plans to start operations in Chile before the end of 2022, and to open offices in Peru, Ecuador, Bolivia and Paraguay next year, he added. Serrano said Ripio is not ruling strategic acquisitions to accelerate its growth in Latin America, although he declined to give additional details. Brazilian exchange Mercado Bitcoin leads the local market, with 3.8 million users. But this year, Latin American crypto exchange Bitso and fintech players Mercado Libre and Nubank announced they had each surpassed one million crypto users in Brazil. Read more:Why Brazil Is the Big Latin American Bet for Global Crypto Exchanges... - Reddit Posts (Sample): [['u/Historical-Code-4616', 'I loveee Crypto.com but I have a question :)', 52, '2022-09-07 00:55', 'https://www.reddit.com/r/Crypto_com/comments/x7ogvt/i_loveee_cryptocom_but_i_have_a_question/', 'What is the reason the prices are different from the ones on other exchanges? Is there a way to time this? For instance BTC says the price is currently $19,137 on my cdc mobile app, on all other exchanges it shows that BTC is $18,917 - Date 9/6/2022 5:53 CST- This is not a complaint as I am obsessed with the app but I do wonder why, Hoping someone can help me understand why this may be. I am less likely to purchase now due to the actual price being drastically different. Thanks so much!', 'https://www.reddit.com/r/Crypto_com/comments/x7ogvt/i_loveee_cryptocom_but_i_have_a_question/', 'x7ogvt', [['u/NewDark90', 84, '2022-09-07 02:46', 'https://www.reddit.com/r/Crypto_com/comments/x7ogvt/i_loveee_cryptocom_but_i_have_a_question/ine0807/', 'It\'s basically a hidden fee called a "spread"', 'x7ogvt'], ['u/InternationalRadio1', 40, '2022-09-07 02:47', 'https://www.reddit.com/r/Crypto_com/comments/x7ogvt/i_loveee_cryptocom_but_i_have_a_question/ine0a19/', "Probably cdc's enormous spread.", 'x7ogvt'], ['u/RC-5', 68, '2022-09-07 03:01', 'https://www.reddit.com/r/Crypto_com/comments/x7ogvt/i_loveee_cryptocom_but_i_have_a_question/ine2625/', 'What’s the reason?\n\nFor CDC to make money on your transactions.', 'x7ogvt'], ['u/1984_eyes_wide_shut', 10, '2022-09-07 03:11', 'https://www.reddit.com/r/Crypto_com/comments/x7ogvt/i_loveee_cryptocom_but_i_have_a_question/ine3klm/', 'Yes.', 'x7ogvt'], ['u/adamf514', 22, '2022-09-07 03:52', 'https://www.reddit.com/r/Crypto_com/comments/x7ogvt/i_loveee_cryptocom_but_i_have_a_question/ine95ly/', "It's how they pay for the Staples center lol 😂🤣", 'x7ogvt'], ['u/Blue4life90', 44, '2022-09-07 07:21', 'https://www.reddit.com/r/Crypto_com/comments/x7ogvt/i_loveee_cryptocom_but_i_have_a_question/inexj9c/', 'A lot of short answers here, lol\nWelcome to crypto, here goes:\n\nThis is going to be a little long but heres the gist.\n\nNo two exchanges, decentralized or centralized, will hold the same value for the cryptocurrency they hold. Why? Market marker algorithms are separate markets of the same product that independently affect price values.\n\nWhat does that mean?\nIn a market maker, there is a given amount of "liquidity" for the token or coin you\'re purchasing. Liquidity is simply the amount of coin/token available to be traded for another currency/coin/token, more often than not, tokens, must be purchased by the native coin of the blockchain its native to. I say traded, because in all of DeFi, there is no "purchasing" crypto. According to script, and code is law, there are only transfers for trade. Purchasing only applies to CeFi schematics (Centralized Finance)\n\nCoin: the native cryptocurrency of a given blockchain (Ex. Ethereum (ERC20), Cronos (CRC20), BNB (BEP20), etc..)\n\nToken: Smart Contract created assets derived from a native coins network (Ex. XSurge (BEP20), Uniswap (ERC20), etc..)\n\nSo for example. If you are trading for (purchasing) a BEP20 token through a DApp (non-centralized exchange in this instance), then you will route BNB through the dapp to be traded for the amount of BEP20 Tokens X amount of BNB is worth. \n\nFor tokens: There are two types of liquidity, the token supply and the backing asset. The fluctuating supply of both can determine the supply/demand of the Token thereby increasing or decreasing it\'s value. Its overall value rises primarily when there is more of the native coin backing it, or less supply.\n\nFor coins: a bit more difficult to explain, but think of a coin as a data ledger. Code is law of the economy. As the coin supply changes, the code conseqently adjusts the supply of the asset and readjusts value as the amount an individual is willing to pay may change. This is where we coin the term Market Cap, which will rise or fall based on supply and value of the asset. Its FAR more complicated than simply the amount of money in the coin itself, demand and value does not always shift simply due to added funds, it only helps. Also important to note that a market cap figures do not equal a 1:1 ratio between value and the amount of money in the system, its strictly a value determined by the price value and supply of itself, not soley its backing.\n\nOnto exchanges, Centralized exchanges utilize market makers to determine their own value. The way they do this is by having their own liquidity to supply investors. \n\nYou may have possibly heard back in the Robinhood hype days that when you buy crypto off robinhoods exchange, you do not really own that crypto. 100% true for any and all Centralized exchanges you buy from, including CDC. You simply have a stake in what they hold. For this reason, anything you hold on a Centralized exchange will never assist in increasing or decreasing the actual value of the asset, directly.\n\nIndirectly though, it might. Centralized Exchange (CEX) Market makers work by tracking the supply and demand of the assets in their liquidity rations. The exchanges rations vary to match (at it\'s best) the actual value of the crypto on the blockchain by buying and selling where necessary. It\'s not always a perfect formula, some exchanges requiring human intervention I\'ve noticed vary across the charts, however CDC I\'ve noticed maintains a slightly higher threshold. Possibly because of what some here have said, to cover the fees and trading expenses, but who knows really?\n\nAll Market Makers (MM) may vary across all exchanges and always operate independently of one another. There are many types as well. Some CEX MMs require a lot of human intervention. Some operate with very little, and some require none at all. If you\'ve ever used a Decentralized Exchange (DEX) such as Uniswap or PancakeSwap for instance, these are entirely coded market entities that control each and every transaction autonomously through smart contract code alone. They as well, hold their own value to match at best the coins actual economic value. If you\'ve ever looked at a chart through a data tracking service like CoinMarketCap or CoinGecko, they primarily use Decentralized exchange data to receive their values, some different than others. Datatrackers values also vary frequently.\n\nDEX AutoMM still work in basically the same way as CEX\'s requiring rations of liquidity to perform transactions, however, there are many different types to look into if you\'re interested, Constant Product MM Equation being the most popular for instance.\n\nHopefully now it makes a bit more sense, so again. Market marker algorithms are separate markets of the same product that independently affect its value.\n\nHope this helps', 'x7ogvt'], ['u/jwz9904', 10, '2022-09-07 07:24', 'https://www.reddit.com/r/Crypto_com/comments/x7ogvt/i_loveee_cryptocom_but_i_have_a_question/inexsh5/', 'you loveee something that rips you off.', 'x7ogvt'], ['u/ImTheBestSecretAgent', 31, '2022-09-07 13:37', 'https://www.reddit.com/r/Crypto_com/comments/x7ogvt/i_loveee_cryptocom_but_i_have_a_question/infrr9j/', 'And the so called "spread" is theft in clear daylight.', 'x7ogvt']]], ['u/_Wince_', 'What if the price of BTC continued to plummet during a halving?', 108, '2022-09-07 01:34', 'https://www.reddit.com/r/Bitcoin/comments/x7pe3x/what_if_the_price_of_btc_continued_to_plummet/', "I don't think this is likely, just hypothetical. Curious what you guys think.\n\nLet's say there's a new world war. And it isn't a thermonuclear mass extinction war. Let's say it's on par with WWII. Maybe nuke a couple cities at the end to finally end the war.\n\nI think the price of BTC would plummet in such an event. What if it plummeted so low during a halving that miners could no longer recoup their expenses? I guess a lot of assets would get wrecked during a world war. But is BTC uniquely vulnerable?", 'https://www.reddit.com/r/Bitcoin/comments/x7pe3x/what_if_the_price_of_btc_continued_to_plummet/', 'x7pe3x', [['u/iflyplanes', 69, '2022-09-07 01:41', 'https://www.reddit.com/r/Bitcoin/comments/x7pe3x/what_if_the_price_of_btc_continued_to_plummet/indrmq0/', "Fewer miners would mine. People would call an end to the Bitcoin Experiment for the 40000th time. Bitcoin would continue to chug along doing it's own thing not caring about the price. Then it would start to get attention again and show that it can't be killed by outside influence.", 'x7pe3x'], ['u/_Wince_', 12, '2022-09-07 01:42', 'https://www.reddit.com/r/Bitcoin/comments/x7pe3x/what_if_the_price_of_btc_continued_to_plummet/indrvc0/', "I'm imagining people mining bitcoin on their laptops again just to keep it alive. I don't think the ledger would cease to exist, so we'd still have our stack. It would just be dark times I guess", 'x7pe3x'], ['u/infopocalypse', 10, '2022-09-07 01:58', 'https://www.reddit.com/r/Bitcoin/comments/x7pe3x/what_if_the_price_of_btc_continued_to_plummet/indtvdi/', "There are ways like Satellite or Ham radio to send. But the common users won't know how to do that.", 'x7pe3x'], ['u/infopocalypse', 70, '2022-09-07 02:01', 'https://www.reddit.com/r/Bitcoin/comments/x7pe3x/what_if_the_price_of_btc_continued_to_plummet/indu8mv/', 'I would also point out in war times countries go crazy printing money. And btc is a way to avoid sanctions. So war actually would have some positives for btc.', 'x7pe3x'], ['u/CidVilas', 13, '2022-09-07 02:45', 'https://www.reddit.com/r/Bitcoin/comments/x7pe3x/what_if_the_price_of_btc_continued_to_plummet/ine000z/', 'Laptops are unlikely. ASICs are just too powerful. As the difficulty adjusts and the mining expenses outweighs cost to mine, some will go offline. There will be some oscillation as some begin to be profitable and back to not profitable until we reach equilibrium again.', 'x7pe3x'], ['u/_Wince_', 16, '2022-09-07 02:50', 'https://www.reddit.com/r/Bitcoin/comments/x7pe3x/what_if_... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening:\nPrices:Cryptos rallied late Wednesday, with bitcoin topping $19K again and ether rising above $1.6K\nInsights:DeFi companies that once intended to dethrone large financial institutions are now targeting them.\nCatch the latest episodes ofCoinDesk TVfor insightful interviews with crypto industry leaders and analysis. Andsign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context.\n●Bitcoin (BTC): $19,310+2.5%\n●Ether (ETH): $1,627+5.8%\n●S&P 500 daily close: 3,979.87+1.8%\n●Gold: $1,727 per troy ounce+1.6%\n●Ten-year Treasury yield daily close: 3.26%−0.07\nBitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found atcoindesk.com/indices.\nCryptos Rally Late Wednesday\nBy James Rubin\nCryptocurrencies found a late spark Wednesday to regain ground lost in a plunge little more than 24 hours earlier.\nBitcoin was recently trading at about $19,300, up more than 2% for this period after falling to $18,558 on Tuesday, its lowest level in two months. The largest cryptocurrency by market cap is now struggling to maintain support above $19,000 as investors shrink from the same Federal Reserve monetary hawkishness and macroeconomic uncertainty that have plagued riskier assets for months.\n"There was probably a lot of period of time for bitcoin where the macro factors probably didn\'t matter, but to the extent that the goal is to be more mainstream, the more mainstream it becomes, the more it\'s affected by mainstream things," Noah Hamman, CEO of investment management company AdvisorShares, told CoinDesk TV\'s "First Mover" program.\nEther continued its recent trend of outperforming bitcoin, rising nearly 6% to trade over $1,630 as crypto markets recovered some of their excitement for the Merge, which shifts the Ethereum blockchain from proof-of-work to more energy-efficient proof-of-stake. On Tuesday, the second largest crypto in value had plummeted below $1,500 for the first time in more than a week.\nAmong other major altcoins, ALGO, the token of proof-of-stake, carbon-negative blockchain network Algorand, recently rose more than 6% after the company announced a protocol upgrade. YGG and CRV jumped more than 12% and 11%, respectively.\nEquity markets\nEquity markets closed higher amid at least a temporary lull in risk-averse sentiment with the tech-focused Nasdaq and S&P 500 both spiking about 2% and the Dow Jones Industrial Average (DJIA) climbing nearly 1.5%. On Wednesday, markets receivedfresh signalsthat the Federal Reserve Reserve will approve a third consecutive 75 basis point interest rate hike with several Fed officials in separate speeches reiterating the bank\'s commitment to tame inflation. The Fed has boosted interest rates at its fastest pace in about four decades.\n“We are in this for as long as it takes to get inflation down,” Fed Vice Chairwoman Lael Brainard said Wednesday in aspeechat a banking conference in New York.\nIn her remarks, Brainard also said the cryptocurrency market bears similar risks to traditional finance, but will need new regulations for situations not covered by existing laws. Given the unique characteristics of crypto, there\'s a need for “creating clear regulatory guardrails," she said.\nBrainard alsorestatedher position about the risk of stablecoins. “Stablecoins is one of those areas that I think has the most potential for risk if not properly regulated and of course those risks can easily spill into the main core financial system because of the runnable nature of stablecoins,” she said.\n[{"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+8.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Ethereum", "Ticker": "ETH", "Returns": "+5.9%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "+5.8%", "DACS Sector": "Computing"}]\nThere are no losers in CoinDesk 20 today.\nWhy DeFi Companies Are Targeting Institutional Investors\nBy Shaurya Malwa\nSEOUL, South Korea – Decentralized finance (DeFi) companies are increasingly targeting a sector they once looked to usurp: traditional finance players and institutional investors.\nThe shift is interestingly consistent. Ethereum lending projects Aave and Compound started offering institutional versions of their products in 2021, while Maker brought an SME loans platform called Monetalis into the Maker fold, with Maker as the sole backer –despite token holders’ opposition.\nThe offerings are not lowball efforts arising from a bear market either. A cohort of “institutional DeFi” (decentralized finance) is growing at a significant pace as well,as per reports.Some research firms even pegthe niche sector to attract over $1 trillion in capital from investors over the next five years.\nSuch moves are a shift from the past ethos of DeFi, which formed in the deep bear market of 2019 as an antidote to TradFi, or traditional finance. A then-sparsely populated Telegram group – just called “DeFi” – had budding protocol builders and users discuss and envision a world where smart contracts wholly govern the supply of finance to users, one where TradFi had no reach.\nThe Telegram group counted among its many participants the-then unknown developers and investors such as Synthetix\'s Kain Warwick, Yearn\'s Artem K, DeFiance Capital\'s Arthur Cheong and Compound\'s Robert Leshner, among several others, who have since evolved into DeFi superstars. But developments of today are a near 180-degree shift from that TradFi-free world.\nGoing \'where the growth is\'\nWhat changed? As per Maker developer Nik Kunkel, it\'s all about “where the growth is.”\n“If you go to an institution, they\'re gonna borrow $100 million. We have people who want to borrow a billion (dollars) from us,” Kunkel said during August’s BuildAsia conference in Seoul. “Trying to get that critical mass of retail users that you need to get $500 million in total loans is really difficult, right?”\nKunkel added that the cost of user acquisition for a retail participant remains high, as opposed to marketing products to institutions that provide a “better bang for your buck” in terms of where a project spends its resources.\nThe sentiment was seconded by Doo Wan Nam, founder of governance-focused crypto fund StableNode. “Many DeFi ecosystems have been aware that user base as well as liquidity can be greatly enhanced via working with TradFi,” Doo told CoinDesk.\nThe likes of Doo say DeFi is not that far off from its promise either. “I would also add that a lot of DeFi ethos was also about educating and revolutionizing the current financial system – which is still applicable,” he said over a Telegram message.\nStill, Maker’s Kunkel says the recent push for institutional catering doesn’t mean that the project isn’t about retail anymore.\n“There\'s different initiatives to serve different purposes. So I think on the growth side we\'re looking more towards institutions, but when it comes to “banking the unbanked,” and that\'s where layer two comes in,” Kunkel said.\n“It\'s too expensive to transact [ether] on a layer one [blockchain]. You can\'t tell someone in Africa or someone in Paraguay that they need to spend $20 on gas costs. That\'s not feasible.”\n“That\'s where the push for layer two [companion blockchain] comes in,” Kunkel noted, adding that fees on such systems were “less than $1 right now” and that future simulations run by the team show that transaction costs gradually “become insignificant.”\nLayer 2 refers to a set of off-chain systems or separate blockchains built on top of layer 1, or base, blockchains. This software bundles multiple off-chain transactions into a single layer 1 transaction, which helps reduce the data load, leading to faster network transactions at lower costs.\nPractising Law Institute: The SEC Speaks in 2022\n1 p.m. HKT/SGT(5 a.m. UTC):Japan Eco Watchers Survey(August/current/outlook)\n8:15 p.m. HKT/SGT(12:15 p.m. UTC):European Central Bank monetary policy statement\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nSignature Bank’s Crypto Outflows Mitigated by Growth in Core Deposits, Wedbush Says:The bank’s spot deposits fell $1.64 billion driven by outflows in digital asset banking of $4.27 billion.\nBitcoin Bets Look Bearish as Futures Trading Hits Record Level:The number of outstanding futures and perpetual contracts on bitcoin rises to a record, and traders are paying up to bet on further price declines – in a market that\'s already bearish.\nCelsius \'Misled\' Investors About Crypto Lender\'s Financial Health, Vermont Regulator Alleges:The Vermont regulator also said the crypto lender\'s treatment of investors funds "suggests" it operated with a Ponzi-like structure.\nBitcoin Miner CleanSpark Buys 10K New Machines for $28M After Discounts, Credits:The company has been taking advantage of opportunities to expand in the bear market.', 'Good morning. Here’s what’s happening: Prices: Cryptos rallied late Wednesday, with bitcoin topping $19K again and ether rising above $1.6K Insights: DeFi companies that once intended to dethrone large financial institutions are now targeting them. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. And sign up for First Mover , our daily newsletter putting the latest moves in crypto markets in context. Prices ● Bitcoin ( BTC ): $19,310 +2.5% ● Ether ( ETH ): $1,627 +5.8% ● S&P 500 daily close: 3,979.87 +1.8% ● Gold: $1,727 per troy ounce +1.6% ● Ten-year Treasury yield daily close: 3.26% −0.07 Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinD Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-09-08 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $368,243,771,010 - Hash Rate: 195564454.60861945 - Transaction Count: 262863.0 - Unique Addresses: 685564.0 Social & AI Sentiment: - Fear & Greed Index: 0.20 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: A woman is going viral on TikTok thanks to her advice for “de-escalating” encounters with potential porch pirates. The praiseworthy tip comes courtesy of user @thisandthat_420 , who goes by the name Dra online. Her clip describes how a spur-of-the-moment decision led to her saving a neighbor’s package from a possible thief. Dra says she was entering her apartment when she encountered a man she’d never seen before. The man was trying to lift a large box, which was seemingly addressed to her neighbor, Nicole. Bitcoin vs. gold: Which is the better inflation hedge? The TikToker was worried there was something sketchy going on. But instead of freaking out, she remained calm as she confronted the man. “I was like, ‘Oh my God, hey! Do you need help? Are you here helping Nicole?'” she said, reenacting the exchange. Dra said the man reacted strangely, so she doubled down and said she too would help with the package . Furthermore, she told him that her neighbor Nicole was on her way down. All the while, the man was allegedly “inching” the package further away from the building. By now, he’d made it across the street. So Dra kept talking to him. “I was just trying to buy some time,” she said. “I was like, what is this guy doing? Can you please stop? But I can’t just accuse him.” She eventually grabbed hold of the package, acting like she wanted to help him carry it. As the man kept pulling it away from the building, she held her ground. Euphoria' star Angus Cloud shares 'changes' that have come along with fame: “I was like, ‘I don’t think this is the right direction, we need to go back this way,'” she said. After another awkward exchange, the man eventually gave up. At the end of the clip, Dra confirmed that the package was in fact meant for her neighbor. “My neighbor now has her table,” she said. “And it was never escalated.” Dra drew plenty of praise for how she handled the situation. Many argued that her story was sound advice for others in the same situation. Story continues “This is excellent de-escalation,” one user wrote. “Anti-escalation queen!!” another added. “Mad respect that you handled this and didn’t get police involved, you’re a great neighbor.” Watch this Brooklyn bedroom go from drab to fabulous in one day: The post Woman shares the ‘brilliant’ way she stopped an alleged porch pirate from stealing her neighbor’s package appeared first on In The Know . More from In The Know: TikTokers want to 'gatekeep' books now that reading is 'cool': 'It just blows my mind' Jeweler exposes cheating husband with subtle secret message: 'Oops' Woman baffles TikTok with freaky optical illusion: 'That scared me' Lenovo's newest and most advanced laptop is 59% off on Amazon for a limited time... - Reddit Posts (Sample): [['u/BedSolid9557', 'What really is a "Bottom".', 10, '2022-09-08 04:33', 'https://www.reddit.com/r/CryptoCurrency/comments/x8o3cp/what_really_is_a_bottom/', 'Whenever I look at these posts obviously folks are either genuinely trying to find it so to speak or perhaps Moon farming, aren\'t we looking at what really comprises the actions of price points? Supply and demand clearly however the charts always behave in a cyclical manner and given the amount of wallets in limbo the high functioning coins never get below their previous "bottom" it\'s like looking at Bitcoin at $4K not too long ago such a price point is likely to never materialize again. If you\'re in it for the long haul even at a dollar at a time, you\'re going to do better than most anyone, unless you\'ve got your mind or a bot programmed to short term quarterly profits we seem flat most of the time during the bears, and an Everest that looks like a blip by the next bull. 🤷.', 'https://www.reddit.com/r/CryptoCurrency/comments/x8o3cp/what_really_is_a_bottom/', 'x8o3cp', [['u/BlubberWall', 49, '2022-09-08 04:37', 'https://www.reddit.com/r/CryptoCurrency/comments/x8o3cp/what_really_is_a_bottom/injf4wn/', 'I can’t be the only person holding back a joke after reading that title right?', 'x8o3cp'], ['u/Business-Typical', 10, '2022-09-08 04:52', 'https://www.reddit.com/r/CryptoCurrency/comments/x8o3cp/what_really_is_a_bottom/injgzhr/', 'The only reason I clicked', 'x8o3cp'], ['u/JustDownInTheMines', 12, '2022-09-08 04:57', 'https://www.reddit.com/r/CryptoCurrency/comments/x8o3cp/what_really_is_a_bottom/injhj54/', '"\'A power bottom is a bottom that is capable of recieving an enormous amount of power.\'\n\n\'Actually Mac, you\'ve got it backwards. You see, the power bottom is actually generating the power by doing most of the work.\'"', 'x8o3cp']]], ['u/SandwichesTheIguana', "DISCUSSION: In a league dominated by Latino superstars, it's inexcusable that MLB/Nike do not offer a way to buy authentic jerseys from players like José Ramírez", 502, '2022-09-08 04:54', 'https://www.reddit.com/r/baseball/comments/x8ojg1/discussion_in_a_league_dominated_by_latino/', 'Did you know?\n\nTo buy most any authentic MLB jersey with a player name and number, you must us the "Custom" jersey option, where you can either type in the name you want, or select from a drop-down menu of players on the team.\n\nBut *these menus don\'t include any players with accented vowels or consonants in their names, and trying to type them in manually produces an error that cannot be worked around.\n\nSo for the Guardians, I can get a Will Benson jersey, but not a José Ramírez or Andrés Giménez jersey.\n\nThere is no way to achieve this, through calling the Team Shop, ordering online, or contacting Nike.*\n\nJRam is a perennial MVP candidate, and the most popular player in Cleveland. And countless Latino players are huge sensations around the league and have been for decades.\n\nBut you want to buy a jersey for a player, even a phenom, who has an accented letter in his name? You\'re SOL.\n\nWhy the MLB hasn\'t solved a problem that probably amounts to crappy coding on their websites (it\'s clear from what the players wear on field that it isn\'t a manufacturing issue) completely blows my mind.\n\nEDIT: As an example, here is [a screenshot showing you cannot buy an authentic version of José Ramírez\'s jersey](https://i.imgur.com/yL0hApf.png), as he isn\'t listed. And [here is the link where you can see for yourself](https://www.mlbshop.com/mens_nike_white_cleveland_guardians_official_authentic_custom_jersey/t-36770858+o-1232+d-898444340+f-1727371+z-9-595453090?utm_medium=cse&_s=ak1944mlb-pla&sku=17456065&targetid=targetid&targetid=pla-336538353297&gclid=Cj0KCQjwguGYBhDRARIsAHgRm48LTfTQyKlknb15datFhiD2Eh-kYbTc0RKTymb18xwOicsKvepbAB0aAn6gEALw_wcB).', 'https://www.reddit.com/r/baseball/comments/x8ojg1/discussion_in_a_league_dominated_by_latino/', 'x8ojg1', [['u/Macdaddy4prez', 21, '2022-09-08 04:58', 'https://www.reddit.com/r/baseball/comments/x8ojg1/discussion_in_a_league_dominated_by_latino/injhlnm/', "I think he's saying you can't use accents", 'x8ojg1'], ['u/MattO2000', 43, '2022-09-08 04:58', 'https://www.reddit.com/r/baseball/comments/x8ojg1/discussion_in_a_league_dominated_by_latino/injhlve/', 'Yeah that’s pretty messed up', 'x8ojg1'], ['u/MattO2000', 15, '2022-09-08 05:01', 'https://www.reddit.com/r/baseball/comments/x8ojg1/discussion_in_a_league_dominated_by_latino/inji2bk/', 'The point is they aren’t “authentic” because the players wear names with accents and the website doesn’t have that.', 'x8ojg1'], ['u/SandwichesTheIguana', 20, '2022-09-08 05:02', 'https://www.reddit.com/r/baseball/comments/x8ojg1/discussion_in_a_league_dominated_by_latino/inji44i/', 'I changed the wording to make it more clear, but rather than having pages selling, say, an "Authentic Albert Pujols Jersey," you instead must go to one of the Cardinal\'s "Authentic Custom Jersey" pages and select Pujols from a drop-down menu of options.\n\nBut if the player has an accented vowel or a tilda in their last name, you cannot buy their jersey as it appears on the field, and they don\'t offer it. You also can\'t custom-order it. It breaks the website, and they can\'t do it over the phone either.\n\nJRam\'s on-field jerseys have an accent over the I. You can get a replica, but you CANNOT get an authentic. It is not possible.', 'x8ojg1'], ['u/SandwichesTheIguana', 50, '2022-09-08 05:05', 'https://www.reddit.com/r/baseball/comments/x8ojg1/discussion_in_a_league_dominated_by_latino/injihy0/', "And a more careful one shows that it isn't authentic, which is the topic of this thread.\n\nThe only ones with accents are replica jerseys, which are cheaper and don't have the arm patch.", 'x8ojg1'], ['u/GilliesGladiator', 20, '2022-09-08 05:06', 'https://www.reddit.com/r/baseball/comments/x8ojg1/discussion_in_a_league_dominated_by_latino/injil2n/', 'Idk about Ramirez but Acuña was pretty easy to get as a Braves fan.', 'x8ojg1'], ['u/doc_faced', 133, '2022-09-08 05:08', 'https://www.reddit.com/r/baseball/comments/x8ojg1/discussion_in_a_league_dominated_by_latino/injiuml/', "....the fuck? \n\nWait. So does this mean you couldn't get an authentic jersey for Ronald Acuña Jr. or does this only apply to accent marks (e.g. í) and not the tilde (ñ)? \n\nEither way, that's ridiculous. It's literally a tiny piece of fabric to be sewn on.", 'x8ojg1'], ['u/ClasesCutter', 13, '2022-09-08 05:08', 'https://www.reddit.com/r/baseball/comments/x8ojg1/discussion_in_a_league_dominated_by_latino/injiwck/', 'Kind of ridiculous you’re being downvoted just because others didn’t read the post closely enough or don’t understand the distinction between the types of jerseys.', 'x8ojg1'], ['u/doc_faced', 10, '2022-09-08 05:09', 'https://www.reddit.com/r/baseball/comments/x8ojg1/discussion_in_a_league_dominated_by_latino/injj12q/', 'My guess is (what is referred to in English as) the tilde (ñ) is gettable but the other accent marks (e.g. the í in Ramirez) are not.', 'x8ojg1'], ['u/SandwichesTheIguana', 98, '2022-09-08 05:15', 'https://www.reddit.com/r/baseball/comments/x8ojg1/discussion_in_a_league_dominated_by_latino/injjq3w/', '~~Correct.~~ [~~You cannot get an authentic Acuña jersey~~](https://i.imgur.com/BqlVD0W.png)~~.~~\n\nEDIT: Acuña seems to be [one of very few players with dedicated pages for his authentic jersey](https://www.mlbshop.com/ronald-acu%C3%B1a-jr-jerseys-authentic/a-2323430640+d-3461446736-37523+z-9-1249832632?_ref=p-DLP:m-SIDE_NAV), which is great for Braves fans! But the recent WS champ is an outlier in this space.', 'x8ojg1'], ['u/Im_Daydrunk', 190, '2022-09-08 05:23', 'https://www.reddit.com/r/baseball/comments/x8ojg1/discussion_in_a_league_dominated_by_latino/injkl6s/', "I agree that's fucked up. Its the real name of the players and the ones they have on jerseys. Super silly you can't even custom order them \n\nI'm actually surprised it's not brought up more as for many of those guys I'm sure its Insulting Nike won't sell jerseys with their actual last name because its got something different about it. Like they help bring massive popularity to the game and star in commercials but Nike cant be bothered to sell jerseys with a small accent mark", 'x8ojg1'], ['u/ddbaxte', 15, '2022-09-08 05:26', 'https://www.reddit.com/r/baseball/comments/x8ojg1/discussion_in_a_league_dominated_by_latino/injkzqb/', "? Road Jerseys aren't currently available, but home & alternate are. Hopefully link shortening nonsense doesn't mess up the links, but authentic Acuña jerseys w/ accent are available. Stop being snarky.\n\n[https://www.fanatics.com/mlb/atlanta-braves/ronald-acuna-jr-atlanta-braves-nike-home-authentic-player-jersey-white/o-7843+t-14997450+p-9261988489+z-8-3518552678?\\_ref=p-SRP:m-GRID:i-r0c1:po-1](https://www.fanatics.com/mlb/atlanta-braves/ronald-acuna-jr-atlanta-braves-nike-home-authentic-player-jersey-white/o-7843+t-14997450+p-9261988489+z-8-3518552678?_ref=p-SRP:m-GRID:i-r0c1:po-1)\n\n[https://www.fanatics.com/mlb/atlanta-braves/ronald-acuna-jr-atlanta-braves-nike-alternate-authentic-player-jersey-navy/o-2332+t-92005249+p-58502167200+z-9-3434759094?\\_ref=p-SRP:m-GRID:i-r0c0:po-0](https://www.fanatics.com/mlb/atlanta-braves/ronald-acuna-jr-atlanta-braves-nike-alternate-authentic-player-jersey-navy/o-2332+t-92005249+p-58502167200+z-9-3434759094?_ref=p-SRP:m-GRID:i-r0c0:po-0)", 'x8ojg1'], ['u/zeppelin_007', 13, '2022-09-08 05:27', 'https://www.reddit.com/r/baseball/comments/x8ojg1/discussion_in_a_league_dominated_by_latino/injl3x1/', "I'm genuinely not being shitty here, but can you please explain the difference between authentic and replica?", 'x8ojg1'], ['u/basesonballs', 11, '2022-09-08 05:28', 'https://www.reddit.com/r/baseball/comments/x8ojg1/discussion_in_a_league_dominated_by_latino/injla3i/', "I think this is just an oversight. You can get other players authentic's jerseys with accents no problem \... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Vancouver, British Columbia--(Newsfile Corp. - September 8, 2022) - iMining Technologies Inc. (TSXV: IMIN) (the "Company" or "iMining") announces that momentum in Alberta\'s technology investment sector continues to build as Canadian based iMining and Invest Alberta, have signed a Memorandum of Understanding (MOU) to support the expansion of iMining and its subsidiaries,BitBit Financial and Metaverse Advisory Group,within the Province of Alberta announcing plans today to relocate its head office to Calgary.\nUnder the terms of the MOU, Invest Alberta will work with iMining and its subsidiaries to navigate the regulatory ecosystem, optimizing federal and provincial programs supporting transformative energy innovation, technology and fintech in the province. Alberta is one of the provinces currently working on favorable blockchain and crypto regulations. In return, iMining has announced plans to relocate its head office to Calgary and make Alberta its global headquarters. iMining is committed to bringing investment into the province and plans to create forty high-quality jobs within the next thirty-six months and anticipates a further investment of $50 million in growth and expansion projects.\nThe Company is a Web 3.0 pioneer in Decentralized Finance and has 4 strategic business operations which includes digital asset mining and digital asset trading in addition to providing Web3.0 solutions to its clients. iMining has recently funded a white paper produced by the Canadian Blockchain Consortium, highlighting how the Blockchain Technology can enhance Alberta\'s economy. This white paper was launched at the Alberta Technology Symposium. Additionally, iMining has recently sponsored the AI Week presented by the Alberta Machine Intelligence Institute in Edmonton.\nThe vast natural gas resources in Alberta and the cool weather make Alberta an ideal place for digital currency mining. Bitcoin Mining Centers and Data Centers have the potential to supply computing power needs for Bitcoin miners and many Artificial Intelligence and Machine Learning activities, including those in Alberta\'s oil and gas, fintech, creative, technology and renewable energy sectors. iMining has designed a bitcoin mining ecosystem that will create commercially viable solutions for the stranded gas wells across Alberta.\niMining looks to further develop the blockchain technology and Web3 ecosystem, coupled with how Alberta can take advantage of the technologies of the future in the Oil and Gas and the energy sectors.\n"Alberta\'s tech sector continues to grow and it is encouraging to have iMining Technologies identify our province as the best place for their business. This MOU sets the stage for the further growth and development of blockchain technologies across multiple industries and I look forward to seeing the development and marketing of more made-in-Alberta solutions."Tanya Fir, Minister of Jobs, Economy and Innovation\n"With an abundant supply of natural gas, our low corporate tax rate, reduced red tape, and a highly skilled workforce, Alberta presents an enormous opportunity for iMining. We are committed to diversifying our energy sector, and digital currency mining presents another opportunity to do just that and create jobs for hundreds of Albertans, while ensuring our resources are used to their fullest extent."Dale Nally, Associate Minister of Natural Gas and Electricity\n"Alberta is embracing digital transformation and changing the way finance works. There is enormous potential for blockchain technology to add value to our thriving technology ecosystem, paired with a world-leading oil and gas sector in Alberta and supported by a skilled workforce. We look forward to welcoming iMining to Alberta as more companies see the province as a destination of choice for global investment."Rick Christiaanse, CEO, Invest Alberta\n"Blockchain technology provides a clear pathway for the Alberta oil and gas industry to utilize stranded gas and develop regulatory and technology capabilities. Alberta can truly be a leader of the future economy and we are excited to work with Invest Alberta to make this happen."Khurram Shroff, CEO, iMining Technologies\nAbout iMining\niMining Technologies is helping to shape the Canadian blockchain and Cryptocurrency ecosystem. We are a driving force and a huge contributor in bringing the proof of stake technology to market.\nIncorporating a proprietary, best-in-class, staking, investing, and mining process, iMining ensures robust security, reliability, and scalability; while removing the technical complexity of deploying, managing validators, holding, or investing in Cryptocurrencies.\nLearn more atwww.imining.com\nAbout Invest Alberta\nInvest Alberta is dedicated to investment attraction, with a mandate to engage the world and provide high-end tailored support to companies, investors, and major new projects. With team members in key markets around the world, Invest Alberta works to break down barriers so investors and businesses can start up, scale up, and succeed without limits.\nLearn more atwww.investalberta.ca\nON BEHALF OF THE BOARD\nSigned "Khurram Shroff"Khurram Shroff, President & CEO\nFOR FURTHER INFORMATION, please contact:iMining Corporate Offices:Saleem Moosa, DirectorEmail:[email protected]: +1 (844) IMININC (464-6462)\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.\nForward-Looking Statements\nThis news release contains certain forward-looking statements, which relate to future events or future performance, and reflect management\'s current expectations and assumptions, and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, but not limited to, market conditions, availability of financing, actual results of activities, future cryptocurrency prices, operating risks, and other risks in the cryptocurrency industry. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR atwww.sedar.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by applicable law.\nTo view the source version of this press release, please visithttps://www.newsfilecorp.com/release/136452', 'Vancouver, British Columbia--(Newsfile Corp. - September 8, 2022) - iMining Technologies Inc. (TSXV: IMIN) (the "Company" or "iMining") announces that momentum in Alberta\'s technology investment sector continues to build as Canadian based iMining and Invest Alberta, have signed a Memorandum of Understanding (MOU) to support the expansion of iMining and its subsidiaries , BitBit Financial and Metaverse Advisory Group , within the Province of Alberta announcing plans today to relocate its head office to Calgary. Under the terms of the MOU, Invest Alberta will work with iMining and its subsidiaries to navigate the regulatory ecosystem, optimizing federal and provincial programs supporting transformative energy innovation, technology and fintech in the province. Alberta is one of the provinces currently working on favorable blockchain and crypto regulations. In return, iMining has announced plans to relocate its head office to Calgary and make Alberta its global headquarters. iMining is committed to bringing investment into the province and plans to create forty high-quality jobs within the next thirty-six months and anticipates a further investment of $50 million in growth and expansion projects. The Company is a Web 3.0 pioneer in Decentralized Finance and has 4 strategic business operations which includes digital asset mining and digital asset trading in addition to providing Web3.0 solutions to its clients. iMining has recently funded a white paper produced by the Canadian Blockchain Consortium, highlighting how the Blockchain Technology can enhance Alberta\'s economy. This white paper was launched at the Alberta Technology Symposium. Additionally, iMining has recently sponsored the AI Week presented by the Alberta Machine Intelligence Institute in Edmonton. The vast natural gas resources in Alberta and the cool weather make Alberta an ideal place for digital currency mining. Bitcoin Mining Centers and Data Centers have the potential to supply computing power needs for Bitcoin miners and many Artificial Intelligence and Machine Learning activities, including those in Alberta\'s oil and gas, fintech, creative, technology and renewable energy sectors. iMining has designed a bitcoin mining ecosystem that will create commercially viable solutions for the stranded gas wells across Alberta. Story continues iMining looks to further develop the blockchain technology and Web3 ecosystem, coupled with how Alberta can take advantage of the technologies of the future in the Oil and Gas and the energy sectors. "Alberta\'s tech sector continues to grow and it is encouraging to have iMining Technologies identify our province as the best place for their business. This MOU sets the stage for the further growth and development of blockchain technologies across multiple industries and I look forward to seeing the development and marketing of more made-in-Alberta solutions." Tanya Fir, Minister of Jobs, Economy and Innovation "With an abundant supply of natural gas, our low corporate tax rate, reduced red tape, and a highly skilled workforce, Alberta presents an enormous opportunity for iMining. We are committed to diversifying our energy sector, and digital currency mining presents anothe Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-09-09 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $401,581,319,688 - Hash Rate: 226362006.5154886 - Transaction Count: 290849.0 - Unique Addresses: 753468.0 Social & AI Sentiment: - Fear & Greed Index: 0.22 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: (Adds analyst comments, updates prices) By John McCrank and Saqib Iqbal Ahmed NEW YORK, Aug 31 (Reuters) - The dollar eased against a basket of currencies on Wednesday, but remained near the 2-decade high hit on Monday, as traders braced for more interest rate hikes from the U.S. Federal Reserve. The dollar index, which measures the greenback against a basket of six currencies, was last down 0.1% at 108.66, after earlier coming within a whisker of Monday's two-decade peak of 109.48. The index is on track for a rise of around 2.6% in August, its third-straight monthly gain. A steady line of Fed officials have reiterated support for further rate hikes to quell decades-high inflation, the latest being Cleveland Fed President Loretta Mester, who said on Wednesday that rates will have to rise to "somewhat above 4%" by early next year and then be held there for some time. The comments followed a hawkish speech from Fed Chair Jerome Powell at the Jackson Hole central banking symposium in Wyoming last week that slammed the door shut on the idea that the Fed might pivot and begin lowering rates by mid-2023. "We're still trading on Jackson Hole," said Joseph Trevisani, senior analyst at FXStreet.com. "The idea that they're going to do a 180 and reverse again if we end up with negative growth in the third quarter just doesn’t seem possible." Traders are now pricing in about a 68.5% chance of a 75 basis point Fed rate hike next month, according to data from Refinitiv. "All of these bets that came in late July about the Fed potentially pivoting have to unwind, and so that's meant we've got to buy dollars again because the Fed is not done," said Erik Bregar, director of FX & precious metals risk management at Silver Gold Bull. "The only real change we've had now is that we have an ECB (European Central Bank) that looks like it's desperate to catch up and so the rate spreads are helping euro-dollar kind of hang in there," he said. The euro rose back above parity with the dollar on Wednesday, but the outlook for the common currency remained mired in uncertainty amid a burgeoning energy crisis and recession fears. On Wednesday, Russia halted gas supplies from the Nord Stream 1 pipeline, intensifying an economic battle between Moscow and Brussels and raising the prospects of a recession and energy rationing in some of the world's richest countries. "The narrative that has helped the euro at the start of the week, which is an improvement in the gas story, is fading now, which we think will put a cap on euro-dollar," said ING currency strategist Francesco Pesole. The euro was last up 0.31% at $1.0047. Inflation in the euro zone rose to another record in August, beating expectations and solidifying the case for further big European Central Bank (ECB) rate hikes. A growing number of ECB officials have been calling for oversized rate hikes to combat surging inflation, which could exceed 10% in the coming months. Elsewhere, Norway's krone fell about 1.5% against the dollar after the country's central bank said it would buy more foreign currency for its sovereign wealth fund. Sterling was down 0.3% at $1.16185 and on pace for its worst month since October 2016 against the dollar with a drop of 4.6% as investors worry the British economy is slowing sharply just as inflation gathers pace. Bitcoin was up 0.73% to 19,963, but gains were capped as investors remained wary of risky assets. (Reporting by John McCrank and Saqib Iqbal Ahmed in New York; additional reporting by Samuel Indyk in London; Editing by Jonathan Oatis, Kirsten Donovan)... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['This article was originally published onETFTrends.com.\nSeptember has historically been one of the worst months for stocks, with returns averaging -0.34% for the 30-year period, -0.26% for the 15-year period and -0.92% for the five-year period, according to Bloomberg data. As you can see below, September is the only month when the market was down on average in every time period.\nThis, coupled with the fact that 2022 has already been a highly volatile year due to scorching inflation, rising interest rates, recessionary fears and a persistent war in Ukraine, means that investors may consider seeking a haven for their wealth. At the moment, cash appears to be king, with theU.S. dollar’s value at a 20-year high.\nLoyal readers know I also prefer gold and high-quality gold mining stocks, which I believe should make up no more than 10% of a conservative investor’s portfolio. Investors with a longer time horizon may consider between a 2% and 5% weighting in Bitcoin, which looks attractive now at around $20,000.\nThere are two additional macro risks that will make this September particularly interesting. The first is the Federal Reserve’s more aggressive stance against inflation. At this year’s Jackson Hole Economic Symposium, Fed Chair Jerome Powell admitted that rates will likely stay higher for longer to slow growth, which “will also bring some pain to households and businesses.”\nSome market watchers and analysts translate Powell’s words to mean that he is no longer interested in a soft landing. Instead, he may be seeking what economists call a “growth recession,” defined loosely as a period during which the economy is growing at such a slow pace that more jobs are being lost than added.\nWe’re not there yet, though August’s jobs report, released last Friday, could arguably be indicating a slowdown. An estimated 315,000 payrolls were added during the month, slightly exceeding some economists’ expectations but down significantly from July’s 526,000 jobs added.\nAnother indicator that the economy may be slowing? Lower oil prices. The price of West Texas Intermediate (WTI) crude fell for the third straight month in August, its longest losing streak since the beginning months of the pandemic in 2020. Just as it did then, oil could be telling us that global demand is slipping.\nThe second risk is the upcoming midterm elections. Market volatility has tended to be higher in advance of the November midterms, which are largely seen as a referendum on the incumbent president’s policies.\nHistorically, the political party in charge of the White House has lost seats in Congress during the first round of midterm elections. Notably, Democrats lost a whopping 63 seats in 2010, prompting then-President Barack Obama to call the defeat a “shellacking.” The most recent exception to the rule came in 2002 when Republicans picked up eight additional seats, suggesting Americans approved of President George W. Bush’s job as chief executive and commander-in-chief, particularly following the 9/11 attacks.\nI decline to make any predictions on this year’s midterm elections, other than to say that the most favorable outcomemay be a divided Congress.History shows that stocks have generally performed better when a Democrat was in the Oval Office but the U.S. House and Senate were split (though, admittedly, this arrangement has occurred far less frequently than others over the past 90 years).\nIn short, investors seem to prefer legislative gridlock. The day after the midterm elections in 2018, which saw the Democrats take control of the House and Republicans remain in control of the Senate, the S&P 500 jumped more than 2%.\nAs a reminder, we at U.S. Global Investors have no preference when it comes to political parties. It’s the policies that matter, and we believe there’s money to be made if you ignore the noise and follow the trendlines, not the headlines.\nBelow is the S&P 500’s performance from the start of each new presidency going back 30 years to the November midterm elections. Except for the second half of President Joe Biden’s term so far, and all of Bush’s first term—which had a series of unique challenges, including the remnants of the dotcom bubble, the Enron scandal and 9/11—stocks have generally headed higher no matter which party held the White House.\nHere’s another way to look at it: The market has been upthree out of every four yearsgoing all the way back to 1926. If your portfolio is down for the year right now, as it is for most investors, it may make sense statistically to put it out of mind for the time being instead of selling at a loss.\nThis strategy has worked well over a longer timeframe. For the past 84 years, selling S&P 500 stocks after holding them for 10 years has led to a realized loss in only three main instances: the late 1930s (due to the Great Depression and World War II), the mid- to late-1970s and early 1980s (due to oil shocks and high inflation) and the 2008-2009 financial crisis. In all other cases, holding stocks for 10 years or longer has been a profitable action; on average, investors doubled their investment. Today, the market is down about 12% over the past 12 months, but over the past 10 years, it’s up 240%.\nNot everyone has 10 years to make back their money, of course, which is part of the reason why I like to recommend gold. Gold wasone of the few bright spotsin the first half of 2022, helping investors mitigate losses in equities and bonds during an exceptionally volatile year.\nU.S Global Investors (NASDAQ: GROW) reported operating income of $11.1 million, a 36% increase year-over-year, and an operating margin of 45% for the fiscal year ended June 30. Get all the details by reading the press release,found here.\nOriginallypublishedby U.S. Global Investors on 6 September 2022.\nFor more news, information, and strategy, visitVettaFi.\nAll opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor. By clicking the link(s) above, you will be directed to a third-party website(s). U.S. Global Investors does not endorse all information supplied by this/these website(s) and is not responsible for its/their content.\nThe S&P 500 is widely regarded as the best single gauge of large-cap U.S. equities and serves as the foundation for a wide range of investment products. The index includes 500 leading companies and captures approximately 80% coverage of available market capitalization.\nPOPULAR ARTICLES AND RESOURCES FROM ETFTRENDS.COM\n• SPY ETF Quote\n• VOO ETF Quote\n• QQQ ETF Quote\n• VTI ETF Quote\n• JNUG ETF Quote\n• Top 34 Gold ETFs\n• Top 34 Oil ETFs\n• Top 57 Financials ETFs\n• Lessons Advisors Should Have Learned From 20 Years of SPIVA\n• Here’s How Investors Can Potentially Tame September Volatility\n• Future Proof Kicks Off This Weekend — And VettaFi Will Be There\n• Factor Investing – iShares Factor Strategies For The Core Of Your Portfolio\n• A Hedged Equity ETF Solution for the Market Challenges Ahead\nREAD MORE AT ETFTRENDS.COM >', "This article was originally published on ETFTrends.com. September has historically been one of the worst months for stocks, with returns averaging -0.34% for the 30-year period, -0.26% for the 15-year period and -0.92% for the five-year period, according to Bloomberg data. As you can see below, September is the only month when the market was down on average in every time period. September Has Historically Been a Challenge Month for Stocks This, coupled with the fact that 2022 has already been a highly volatile year due to scorching inflation, rising interest rates, recessionary fears and a persistent war in Ukraine, means that investors may consider seeking a haven for their wealth. At the moment, cash appears to be king, with the U.S. dollar’s value at a 20-year high. Loyal readers know I also prefer gold and high-quality gold mining stocks, which I believe should make up no more than 10% of a conservative investor’s portfolio. Investors with a longer time horizon may consider between a 2% and 5% weighting in Bitcoin, which looks attractive now at around $20,000. Two Additional Risks: The Fed And Midterm Elections There are two additional macro risks that will make this September particularly interesting. The first is the Federal Reserve’s more aggressive stance against inflation. At this year’s Jackson Hole Economic Symposium, Fed Chair Jerome Powell admitted that rates will likely stay higher for longer to slow growth, which “will also bring some pain to households and businesses.” Some market watchers and analysts translate Powell’s words to mean that he is no longer interested in a soft landing. Instead, he may be seeking what economists call a “growth recession,” defined loosely as a period during which the economy is growing at such a slow pace that more jobs are being lost than added. We’re not there yet, though August’s jobs report, released last Friday, could arguably be indicating a slowdown. An estimated 315,000 payrolls were added during the month, slightly exceeding some economists’ expectations but down significantly from July’s 526,000 jobs added. Story continues Another indicator that the economy may be slowing? Lower oil prices. The price of West Texas Intermediate (WTI) crude fell for the third straight month in August, its longest losing streak since the beginning months of the pandemic in 2020. Just as it did then, oil could be telling us that global demand is slipping. Oil Prices Set For Longesrt Monthly Losing Streak Since Early 2020 The second risk is the upcoming midterm elections. Market volatility has tended to be higher in advance of the November midterms, which are largely seen as a referendum on the incumbent president’s policies. Historically, the political party in charge of the White House has lost seats in Congress during the first round of midterm elections. Notably, Democrats lost a whopping 63 seats in 2010, prompting then-President Barack Ob Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-09-10 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $412,070,434,950 - Hash Rate: 241760782.4689232 - Transaction Count: 241936.0 - Unique Addresses: 646199.0 Social & AI Sentiment: - Fear & Greed Index: 0.28 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Coinsfera Bitcoinshop DUBAI, United Arab Emirates, July 18, 2022 (GLOBE NEWSWIRE) -- Coinsfera enables you to sell USDT (tether) in Dubai in the bear market. According to the company, you will be served by the dedicated staff at the office. Due to the recent volatility in the market, the demand for selling USDT in Dubai has increased. Crypto enthusiasts can decide to sell their BTC, Ethereum, and other cryptocurrency holdings and buy USDT to keep their assets in a stable currency. The USDT cryptocurrency has the feature of being stable against the USD. Tether Operations Limited pegs it since 2014 and as per their press release , it is considered the most transparent stablecoin. Coinsfera has worked with improved efficiency and effectiveness during the crypto volatile period in order to suit the demands of the clients. In only a few minutes, you can buy and sell USDT in Dubai at Coinsfera. During the period of market instability, the professional personnel operated under a more enhanced regime. OTC desk to sell USDT in Dubai As Coinsfera indicated in previous press releases , customers may purchase and sell USDT (tether) in Dubai without having to go through arduous processes. Unlike many other online crypto exchanges, Coinsfera prefers to keep the procedures simple and plain. Visitors sell USDT in Dubai only in 3 steps : Contact Coinsfera using Whatsapp or direct phone call Arrange a meeting Visit the Coinsfera crypto OTC desk and sell USDT quickly in Dubai During market bull and bear periods Coinsfera sticks to its fundamental goal of making crypto accessible for anyone who visits the OTC office. Customers can visit just with their ID or passports to utilize Coinsferas services. The best case is tourists or any other visitors can readily buy and sell USDT with their passports. Award-winning crypto exchange now enables to sell USDT in Dubai Coinsfera has been nominated for multiple awards in the crypto space. The work Coinsfera put in crypto since 2015 finally brought some awards to the shelf. Coinsfera participated in the largest blockchain conference of MENA and the Eurasia regions and has received an award as a consequence of active participation in the Blockchain Economy Summit. It is worth mentioning that this conference is one of the prestigious ones in the crypto sphere. Story continues About Coinsfera Coinsfera is a cryptocurrency OTC desk that operates in 4 countries namely, the UAE, Turkey, Kosovo, and the UK. Coinsfera has offices in the main cities of those countries such as Dubai and Istanbul. More than 2000+ cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Binance coin (BNB), and Ripple (XRP) can be bought and sold at Coinsfera offices. Name : Coinsfera Address : Jumeirah Lake Towers, Cluster F, Indigo-Icon tower - Office # 501 5th floor - Dubai - United Arab Emirates Phone : +971 58 535 0505 Email : [email protected]... - Reddit Posts (Sample): [['u/bigbowl_of_KIX', 'Bitcoin Maximalists', 38, '2022-09-10 02:16', 'https://www.reddit.com/r/cardano/comments/xaavno/bitcoin_maximalists/', 'When Charles mentions these Bitcoin maximalists… is he talking about all of them in general or is there a few assholes in particular?', 'https://www.reddit.com/r/cardano/comments/xaavno/bitcoin_maximalists/', 'xaavno', [['u/dilacerated', 10, '2022-09-10 02:29', 'https://www.reddit.com/r/cardano/comments/xaavno/bitcoin_maximalists/inspjm7/', 'Those that are assholes of which there are many.', 'xaavno'], ['u/Lephas', 23, '2022-09-10 02:34', 'https://www.reddit.com/r/cardano/comments/xaavno/bitcoin_maximalists/insq4d5/', 'Alex Gladstein is one of them in my opinion. He kept calling Charles evil and a scammer for sponsoring universities.', 'xaavno'], ['u/Brinker59', 18, '2022-09-10 04:16', 'https://www.reddit.com/r/cardano/comments/xaavno/bitcoin_maximalists/int2p1f/', 'Max Keiser is the biggest of them all', 'xaavno'], ['u/sloe-berry-brain', 33, '2022-09-10 05:41', 'https://www.reddit.com/r/cardano/comments/xaavno/bitcoin_maximalists/intci8l/', 'He doesnt mean anyone that is part of the bitcoin community. There are a core group that believe bitcoin is the only way, everything else is a cheap copy and deserves to fail.\n\nSome of this group of nutters tried to get the US govt to rule all PoS protocols as securities. They theoretically believe in freedom, but use centralized power bases to try and crush alternatives.', 'xaavno'], ['u/Mash_Effect', 10, '2022-09-10 13:53', 'https://www.reddit.com/r/cardano/comments/xaavno/bitcoin_maximalists/inufva3/', 'Michael Saylor seems like a big one too.', 'xaavno']]], ['u/adamshostack', "I'm Adam Shostack, ask me anything", 168, '2022-09-10 02:17', 'https://www.reddit.com/r/privacy/comments/xaaw3x/im_adam_shostack_ask_me_anything/', "Hi! I'm Adam Shostack. I'm a leading expert in threat modeling, technologist, game designer, author and teacher (both via my [company](https://shostack.org/) and as an Affiliate Professor at the University of Washington, where I've taught Security Engineering ) I helped create the CVE and I'm on the Review Board for Blackhat — you can see my usual [bio](https://shostack.org/about/adam).\n\nEarlier in my career, I worked at both Microsoft and a bunch of startups, including Zero-Knowledge Systems, where our Freedom Network was an important predecessor to Tor, and where we had ecash (based on the work of Stefan Brands) before there was bitcoin. I also helped create what's now the [Privacy Enhancing Technologies Symposium](https://petsymposium.org/), and was general chair a few times.\n\nYou can find a lot of my writings on privacy in my list of [papers and talks](https://shostack.org/about/adam/papers) \\- it was a huge focus around 1999-2007 or so. My recent writings are more on security engineering as organizations build systems, and learning lessons and I'm happy to talk about that work.\n\nI was also a board member at the (now defunct) Seattle Privacy Coalition, where we succeeded in getting Seattle to pass a privacy law (which applies mostly to the city, rather than companies here), and we did some [threat modeling for the residents of the city](https://shostack.org/files//seattleprivacy/threatmodelforseattle_v1/Privacy-TM-SPC-Shostack-Feb-2018.pptx).\n\nMy current project is [Threats: What Every Engineer Should Learn from Star Wars](https://threatsbook.com/), coming next year from Wiley. I'm excited to talk about that, software engineering, security, privacy, threat modeling and any intersection of those. You can ask me about careers or Star Wars, too, and even why I overuse parentheses.\n\nI want to thank /u/carrotcypher for inviting me, and for the AMA, also tag in /u/lugh /u/trai_dep /u/botdefense /u/duplicatedestroyer", 'https://www.reddit.com/r/privacy/comments/xaaw3x/im_adam_shostack_ask_me_anything/', 'xaaw3x', [['u/tactical-diarrhea', 21, '2022-09-10 02:19', 'https://www.reddit.com/r/privacy/comments/xaaw3x/im_adam_shostack_ask_me_anything/inso9js/', 'Where did I leave my car keys?', 'xaaw3x'], ['u/adamshostack', 35, '2022-09-10 02:22', 'https://www.reddit.com/r/privacy/comments/xaaw3x/im_adam_shostack_ask_me_anything/insoqez/', "according to your 'smart' washing machine, they're in your other pair of pants.", 'xaaw3x'], ['u/lo________________ol', 10, '2022-09-10 02:32', 'https://www.reddit.com/r/privacy/comments/xaaw3x/im_adam_shostack_ask_me_anything/inspxi5/', 'What\'s the thing that you\'ve found is most convincing to the average "I have nothing to hide, nothing to fear" person?\n\nIf you could recommend a threat model for the average person -- or at least the average, American, mildly computer-savvy, person who might see this post, what would you recommend? \n\nWhat do people overlook that they absolutely shouldn\'t?', 'xaaw3x'], ['u/adamshostack', 20, '2022-09-10 02:36', 'https://www.reddit.com/r/privacy/comments/xaaw3x/im_adam_shostack_ask_me_anything/insqec2/', 'I\'ll take the easiest one first - "Do you leave the bathroom door open?" Privacy doesn\'t have to be about something to hide, it can be about respect. I also ask for their social security number or bank password, but those both can come off more aggressive or get into security implications.', 'xaaw3x'], ['u/adamshostack', 14, '2022-09-10 02:39', 'https://www.reddit.com/r/privacy/comments/xaaw3x/im_adam_shostack_ask_me_anything/insquj5/', '"Recommend a threat model for the average person" This one is really hard, and ties to your first question. I see a lot of privacy as about tradeoffs - I tell my doctor things I won\'t tell you (even if this is an AMA).\n\nOn the privacy side, be skeptical of requests, say decline to give out your SSN, your phone # or email. Use disposable ones. Don\'t give apps permissions they don\'t need.On the security side, turn on all the autoupdates, and use a password manager (I like 1Password.)', 'xaaw3x'], ['u/tactical-diarrhea', 16, '2022-09-10 03:01', 'https://www.reddit.com/r/privacy/comments/xaaw3x/im_adam_shostack_ask_me_anything/instjcu/', 'found them. thanks', 'xaaw3x'], ['u/sketch0395', 11, '2022-09-10 03:16', 'https://www.reddit.com/r/privacy/comments/xaaw3x/im_adam_shostack_ask_me_anything/insvftk/', "Good evening, so currently I'm working UX/Product design, I also have a pretty long history within cyber security. I am trying to combine both skill sets by ensuring users remain informed of possible risks involved with not only my product but any application that relies on personal information. \n\nHow could I best also inform fellow designers and influence them to place security best practices into their design considerations? \n\nDo you know of any articles/ courses that could help me with my journey? \n\nThank you for this BTW, I have been following you for awhile and was curious on some of your thoughts.", 'xaaw3x'], ['u/adamshostack', 11, '2022-09-10 03:41', 'https://www.reddit.com/r/privacy/comments/xaaw3x/im_adam_shostack_ask_me_anything/insyhuo/', '1 - Most efforts to invade privacy to improve security succeed at the first, and fail at the second. We know that privacy protects people in all sorts of ways, and so we should generally prioritize it.\n\n2- It\'s a great point. I think that data minimization as a first tool would be a huge win. Don\'t collect data behind people\'s backs, give them a meaningful decline to be in your data set. The idea that I have to go site by site, reading pages of legalese which is literally the only thing not A/B tested to death, and try to opt out company by company (rather than something like Do Not Track") is untenable.', 'xaaw3x'], ['u/adamshostack', 15, '2022-09-10 03:45', 'https://www.reddit.com/r/privacy/comments/xaaw3x/im_adam_shostack_ask_me_anything/insyzu0/', "There's a bunch. A lot of people were shocked by the data for sale on reproductive health. The idea that your location was being tracked and sold by cell phone companies. Tim Horton's tracking your location and categorizing you despite Canada's privacy law was shocking. Facebook tracking on doctor websites. Most horrified is a high bar, but the key is - how do we get people to believe they can demand a fix?", 'xaaw3x'], ['u/adamshostack', 10, '2022-09-10 03:51', 'https://www.reddit.com/r/privacy/comments/xaaw3x/im_adam_shostack_ask_me_anything/inszpqa/', "aww, thanks for your kind words. :)\n\nI think the biggest key is believing that we can succeed. If we don't have security and usability collaborating, why would we think users can make it through the security flows in reasonable ways? Do we want bad outcomes? (I think you might have more specific questions here and I don't want to guess.)\n\nThere's good books like Garfinkel + Lipford's review. Heidi Trost is doing a lot of thinking on this (for example, [https://www.voiceandcode.com/our-insights/2020/6/24/cybersecurity-is-complex-its-ux-doesnt-have-to-be](https://www.voiceandcode.com/our-insights/2020/6/24/cybersecurity-is-complex-its-ux-doesnt-have-to-be)) Academics like Angela Sasse and Michelle Mazurek are doing great work.", 'xaaw3x'], ['u/Newme001', 28, '2022-09-10 03:55', 'https://www.reddit.com/r/privacy/comments/xaaw3x/im_adam_shostack_ask_me_anything/int05r3/', 'When I read about data collection I feel so hopeless. I just read today that if you turn off your phones wifi but your bluetooth is on then your phone sends your data to the nearest device to then send to a company. Is there any hope of me using the internet casually without so much data collection?', 'xaaw3x'], ['u/adamshostack', 13, '2022-09-10 04:41', 'https://www.reddit.com/r/privacy/comments/xaaw3x/im_adam_shostack_ask_me_anything/int5oit/', 'I like Firefox and use it as my main browser. Google and microsoft seem to want to compete as advertisers. \n\nAs to getting into cybersecurity, build on your strengths. The field needs all sorts of things, and so .. what are you good at now? Do you have ideas how that might work in cybersecurity? Where are you in you... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Walk into a smoke shop or small convenience store in South Florida \x97 anywhere from Homestead to Boynton Beach \x97 and you might find not one, but two, ATM machines. Look closely before you try to get cash because there\x92s a big difference. One dispenses paper bills, greenbacks to spend. The other spits out a paper receipt for Bitcoin, far and away the most popular crypto currency. Nothing wrong with that if you\x92re comfortable with converting your honestly earned dollars into crypto. But South Florida\x92s cybercrime detectives also say crooks are using the growing number of Bitcoin machines for nefarious purposes. They say the machines, though perfectly legal, are also largely unregulated and are often used to \x93wash\x94 dirty money \x97 cash that has come from drug dealing, robberies or other illegal activities. When it\x92s easy to invest in cryptocurrency online, Miami-Dade Cyber Crimes Task Force Cmdr. George Perera questions the need for the Bitcoin ATM machines, which don\x92t leave much of a financial trail. \x93Why have those unless it\x92s for criminal activity?\x94 he asked. Finding a machine is as easy as turning on a computer or a cellphone. The website bitcoindepot.com \x97 which helps you find a Bitcoin ATM by simply inserting an area code or city \x97 shows there are 1,691 machines in Florida and 384 between Boynton Beach and Homestead. The machines, which have gained popularity in the past few years along with cryptocurrencies, are believed to number more than 50,000 across the country. There\x92s a reason they\x92re attractive to the small businesses where they are most common \x97 they\x92re profitable at several levels. The largest manufacturers of the machines are the companies Genesis Coin and General Bytes. They sell the machines for as much as $5,000. They\x92re basically internet-connected kiosks that send cryptocurrency to a digital wallet after actual money is inserted. Machine operators pocket fees, which at Bitcoin ATMs represent a percentage of the transaction. Story continues Store operators, meanwhile, collect rents from the machine operator or owner for a three-by-three foot space. Bitcoin ATMs can be found across the country and around the world. This one is in Hong Kong. In South Florida, law enforcement agencies say they are increasingly being used for illegal money laundering. In a speech about the industry in 2021, Digitalmint director of compliance Seth Sattler acknowledged there were some \x93bad actors\x94 who gave the machine industry a bad name by continuing to allow anonymous transactions. Digitalmint is one of the leading providers of Bitcoin machines and technology in the nation. \x93While a small number of Bitcoin ATM operators go above and beyond ... others in the cash-to-crypto industry simply turn a blind eye and are complacent to these bad actors by simply applying the bare minimum customer protections, which in many cases allow for completely anonymous transactions,\x94 Sattler told the news site. The Bitcoin ATM machine looks almost exactly like its counterpart, with a computer screen, a keyboard and a slot to slide in money \x97 as if you were making a deposit at a regular ATM. And the way criminals clean money with it is as brilliant as it is simple. Here\x92s a scenario: A small-time drug dealer makes a few thousand dollars on a sale. The dealer then hires a kid for a few dollars to type in a cryptocurrency address and insert the money into the machine. In exchange, the machine spits out a Bitcoin receipt worth the same or a similar amount. Miami-Dade\x92s cyber cops say one problem is that the machines are very lightly regulated. Most have a video recording device and some ask to scan driver licenses. Crooks, though, can work around that easily, said Miami-Dade cybercrimes Sgt. Bridget Doyle. In the case of the example cited above, the kid hired by the launderer would be videotaped. And he or she could easily have used fake identification. As for checking on a crypto address, it changes for each action and is difficult to trace, detectives say. Doyle said most companies notify a shopkeeper if more than $6,000 is deposited. She said there are about a dozen companies that she\x92s aware of that now sell cryptocurrency machines. \x93When criminals move into crypto, the first thing they do is go about finding a new ID,\x94 she said.', 'Walk into a smoke shop or small convenience store in South Florida \x97 anywhere from Homestead to Boynton Beach \x97 and you might find not one, but two, ATM machines. Look closely before you try to get cash because there\x92s a big difference. One dispenses paper bills, greenbacks to spend. The other spits out a paper receipt for Bitcoin, far and away the most popular crypto currency. Nothing wrong with that if you\x92re comfortable with converting your honestly earned dollars into crypto. But South Florida\x92s cybercrime detectives also say crooks are using the growing number of Bitcoin machines for nefarious purposes. They say the machines, though perfectly legal, are also largely unregulated and are often used to \x93wash\x94 dirty money \x97 cash that has come from drug dealing, robberies or other illegal activities. When it\x92s easy to invest in cryptocurrency online, Miami-Dade Cyber Crimes Task Force Cmdr. George Perera questions the need for the Bitcoin ATM machines, which don\x92t leave much of a financial trail. \x93Why have those unless it\x92s for criminal activity?\x94 he asked. Finding a machine is as easy as turning on a computer or a cellphone. The website bitcoindepot.com \x97 which helps you find a Bitcoin ATM by simply inserting an area code or city \x97 shows there are 1,691 machines in Florida and 384 between Boynton Beach and Homestead. The machines, which have gained popularity in the past few years along with cryptocurrencies, are believed to number more than 50,000 across the country. There\x92s a reason they\x92re attractive to the small businesses where they are most common \x97 they\x92re profitable at several levels. The largest manufacturers of the machines are the companies Genesis Coin and General Bytes. They sell the machines for as much as $5,000. They\x92re basically internet-connected kiosks that send cryptocurrency to a digital wallet after actual money is inserted. Machine operators pocket fees, which at Bitcoin ATMs represent a percentage of the transaction. Story continues Store operators, meanwhile, collect rents from the machine operator or owner for a three-by-three foot space. Bitcoin ATMs can be found across the country and around the world. This one is in Hong Kong. In South Florida, law enforcement agencies say they are increasingly being used for illegal money laundering. In a speech about the industry in 2021, Digitalmint director of compliance Seth Sattler acknowledged there were some \x93bad actors\x94 who gave the machine industry a bad name by continuing to allow anonymous transactions. Digitalmint is one of the leading providers of Bitcoin machines and technology in the nation. \x93While a small number of Bitcoin ATM operators go above and beyond ... others in the cash-to-crypto industry simply turn a blind eye and are complacent to these bad actors by simply applying the bare minimum customer protections, which in many cases allow for completely anonymous transactions,\x94 Sattler told the news site. The Bitcoin ATM machine looks almost exactly like its counterpart, with a computer screen, a keyboard and a slot to slide in money \x97 as if you were making a deposit at a regular ATM. And the way criminals clean money with it is as brilliant as it is simple. Here\x92s a scenario: A small-time drug dealer makes a few thousand dollars on a sale. The dealer then hires a kid for a few dollars to type in a cryptocurrency address and insert the money into the machine. In exchange, the machine spits out a Bitcoin receipt worth the same or a similar amount. Miami-Dade\x92s cyber cops say one problem is that the machines are very lightly regulated. Most have a video recording device and some ask to scan driver licenses. Crooks, though, can work around that easily, said Miami-Dade cybercrimes Sgt. Bridget Doyle. In the case of the example cited above, the kid hired by the launderer would be videotaped. And he or she could easily have used fake identification. As for checking on a crypto address, it changes for each action and is difficult to trace, detectives say. Doyle said most companies notify a shopkeeper if more than $6,000 is deposited. She said there are about a dozen companies that she\x92s aware of that now sell cryptocurrency machines. \x93When criminals move into crypto, the first thing they do is go about finding a new ID,\x94 she said.', 'Walk into a smoke shop or small convenience store in South Florida \x97 anywhere from Homestead to Boynton Beach \x97 and you might find not one, but two, ATM machines. Look closely before you try to get cash because there\x92s a big difference. One dispenses paper bills, greenbacks to spend. The other spits out a paper receipt for Bitcoin, far and away the most popular crypto currency. Nothing wrong with that if you\x92re comfortable with converting your honestly earned dollars into crypto. But South Florida\x92s cybercrime detectives also say crooks are using the growing number of Bitcoin machines for nefarious purposes. They say the machines, though perfectly legal, are also largely unregulated and are often used to \x93wash\x94 dirty money \x97 cash that has come from drug dealing, robberies or other illegal activities. When it\x92s easy to invest in cryptocurrency online, Miami-Dade Cyber Crimes Task Force Cmdr. George Perera questions the need for the Bitcoin ATM machines, which don\x92t leave much of a financial trail. \x93Why have those unless it\x92s for criminal activity?\x94 he asked. Finding a machine is as easy as turning on a computer or a cellphone. The website bitcoindepot.com \x97 which helps you find a Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-09-11 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $411,914,520,338 - Hash Rate: 281797599.94785315 - Transaction Count: 220361.0 - Unique Addresses: 607174.0 Social & AI Sentiment: - Fear & Greed Index: 0.26 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: (Adds European stock futures, comments) By Sam Byford Aug 12 (Reuters) - Asian stocks were mixed and the yen fell on Friday, capping off a back-and-forth week that saw investors split on how aggressively the Federal Reserve would raise interest rates to tackle inflation. MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.1%, and Australia's AXJO was down 0.72%. Hong Kong's Hang Seng index rose 0.35%, but Chinese blue-chip stocks fell 0.1%. Japan's Nikkei was the major outlier, surging 2.43% to its highest level since January as markets reopened following a national holiday. The yen fell 1.14% and was trading at 133.245 per dollar. European stock futures gave little indication of major moves for the day ahead. FTSE 100 futures were down 0.01%, with Britain set to report second-quarter gross domestic product later in the day, while Euro Stoxx 50 futures were down 0.03%. Markets were tentative early this week ahead of key economic data out of the United States. The consumer price index (CPI) report on Wednesday showed inflation was slightly lower than expected in July, while the producer price index (PPI) unexpectedly fell for the first time since April 2020. The slight easing of inflation readings had driven global stocks higher and capped a rising dollar, until a string of Fed speakers put paid to expectations of the central bank going slow on further policy tightening. "The Fed is going to do what they said, which is whatever it takes to address inflation, so you are seeing some repositioning around that out of U.S. equities," said Carlos Casanova, senior economist at UBP. The S&P 500 closed down 0.07% and the Nasdaq Composite lost 0.58% overnight, though the Dow Jones Industrial Average rose 0.08%. San Francisco Federal Reserve Bank president Mary Daly said on Thursday that while a 50 basis point rate hike next month "makes sense" given economic data, she'd be open to a bigger hike if necessary. The rate is currently in the 2.25%-2.5% range. Chicago Fed President Charles Evans said he believed the Fed would likely need to lift its policy rate to 3.25%-3.5% this year and to 3.75%-4% by the end of next year, in line with what Fed Chair Jerome Powell signalled after the Fed's latest meeting in July. Furthermore, Minneapolis Fed President Neel Kashkari said he hadn't "seen anything that changes" the need to raise the Fed's policy rate to 3.9% by year-end and to 4.4% by the end of 2023. Chewing over those comments, investors are still unsure how set the Fed is. Odds of a 75 bps hike in September were as high as 68% earlier in the week, but are now around 34%, where they were a week ago. "There are too many uncertainties to know the path of oil and other CPI prices ahead, but the peak of inflation is clearly behind us," Nikko Asset Management chief global strategist John Vail wrote in a note. "The key question is how far and how fast it will fall. We believe inflation will be quite sticky and central banks will need to be more hawkish than consensus." U.S. 10-year Treasury yields held firm after rising overnight and were last trading at 2.8765%. The yield plummeted on Wednesday's CPI data but rebounded to a near three-week high on Thursday. In commodities, Brent crude oil futures fell 54 cents to $98.06 a barrel. U.S. West Texas Intermediate crude was also down, dropping 55 cents to $93.79. Brent is still on track to gain more than 4% this week, while WTI looks likely to mark a weekly climb of 5%. Bitcoin, the leading cryptocurrency, shaved some overnight gains and lost 1.10% to trade at $23,943. Spot gold was up 0.11% at $1,791 an ounce. (Reporting by Sam Byford; Editing by Bradley Perrett)... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin held weekend gains to move toward US$22,000 in Monday morning trading in Asia, while other tokens in the top 10 by market capitalization were flat to lower. Ether slipped, along with Polkadot and XRP.\nSee related article:Markets: Bitcoin, Ether little changed; Polkadot leaps Dogecoin into crypto top ten\n• Bitcoin rose 0.3% in the past 24 hours to trade at US$21,690 at 8 a.m. in Hong Kong, while Ethereum lost 0.8% to US$1,762, according todata from CoinMarketCap.\n• Ethereum has out-performed Bitcoin over the past three months — gaining nearly 50% compared to Bitcoin’s loss of 2% over that time frame — amid growing interest in Ethereum’s long-awaited network “Merge” that is expected to take place in the middle of this week.\n• Polkadot led the losses in CoinMarketCap’s top 10, falling 1.11% to US$7.70, while XRP dropped 0.7% to US$0.35.\n• The governance token of the Bored Ape Yacht Club (BAYC) ecosystem, ApeCoin, was up 11% to its highest price in over three weeks, trading at US$5.64. Three of the top six highest-selling non-fungible token (NFT) collections in the past 24 hours are associated projects of the BAYC,according to CryptoSlam.\n• U.S. equities rose on Friday. The Dow Jones Industrial Average closed 1.2% higher, the S&P 500 was up 1.5%, while the Nasdaq Composite Index finished the day with a 2.1% gain. Investors await the release of August’s Consumer Price Index data on Tuesday as an indication of how effective the Federal Reserve’s attempts to tackle inflation have been, and what the central bank may do next.\n• “Based on what I know today, I support a significant increase at our next meeting,” Federal ReserveGovernor Christopher Waller toldthe Institute for Advanced Studies in Austria on Friday. The Fed is next scheduled to meet on Sept. 20-21, where investors expect it to raise interest rates by 75-basis-points from its current range of 2.25%-2.5%.\nSee related article:Ethereum Merge’s Impact on NFTs', 'Bitcoin held weekend gains to move toward US$22,000 in Monday morning trading in Asia, while other tokens in the top 10 by market capitalization were flat to lower. Ether slipped, along with Polkadot and XRP.\nSee related article:Markets: Bitcoin, Ether little changed; Polkadot leaps Dogecoin into crypto top ten\n• Bitcoin rose 0.3% in the past 24 hours to trade at US$21,690 at 8 a.m. in Hong Kong, while Ethereum lost 0.8% to US$1,762, according todata from CoinMarketCap.\n• Ethereum has out-performed Bitcoin over the past three months — gaining nearly 50% compared to Bitcoin’s loss of 2% over that time frame — amid growing interest in Ethereum’s long-awaited network “Merge” that is expected to take place in the middle of this week.\n• Polkadot led the losses in CoinMarketCap’s top 10, falling 1.11% to US$7.70, while XRP dropped 0.7% to US$0.35.\n• The governance token of the Bored Ape Yacht Club (BAYC) ecosystem, ApeCoin, was up 11% to its highest price in over three weeks, trading at US$5.64. Three of the top six highest-selling non-fungible token (NFT) collections in the past 24 hours are associated projects of the BAYC,according to CryptoSlam.\n• U.S. equities rose on Friday. The Dow Jones Industrial Average closed 1.2% higher, the S&P 500 was up 1.5%, while the Nasdaq Composite Index finished the day with a 2.1% gain. Investors await the release of August’s Consumer Price Index data on Tuesday as an indication of how effective the Federal Reserve’s attempts to tackle inflation have been, and what the central bank may do next.\n• “Based on what I know today, I support a significant increase at our next meeting,” Federal ReserveGovernor Christopher Waller toldthe Institute for Advanced Studies in Austria on Friday. The Fed is next scheduled to meet on Sept. 20-21, where investors expect it to raise interest rates by 75-basis-points from its current range of 2.25%-2.5%.\nSee related article:Ethereum Merge’s Impact on NFTs', 'Bitcoin held weekend gains to move toward US$22,000 in Monday morning trading in Asia, while other tokens in the top 10 by market capitalization were flat to lower. Ether slipped, along with Polkadot and XRP. See related article: Markets: Bitcoin, Ether little changed; Polkadot leaps Dogecoin into crypto top ten Fast facts Bitcoin rose 0.3% in the past 24 hours to trade at US$21,690 at 8 a.m. in Hong Kong, while Ethereum lost 0.8% to US$1,762, according to data from CoinMarketCap . Ethereum has out-performed Bitcoin over the past three months — gaining nearly 50% compared to Bitcoin’s loss of 2% over that time frame — amid growing interest in Ethereum’s long-awaited network “Merge” that is expected to take place in the middle of this week. Polkadot led the losses in CoinMarketCap’s top 10, falling 1.11% to US$7.70, while XRP dropped 0.7% to US$0.35. The governance token of the Bored Ape Yacht Club (BAYC) ecosystem, ApeCoin, was up 11% to its highest price in over three weeks, trading at US$5.64. Three of the top six highest-selling non-fungible token (NFT) collections in the past 24 hours are associated projects of the BAYC, according to CryptoSlam . U.S. equities rose on Friday. The Dow Jones Industrial Average closed 1.2% higher, the S&P 500 was up 1.5%, while the Nasdaq Composite Index finished the day with a 2.1% gain. Investors await the release of August’s Consumer Price Index data on Tuesday as an indication of how effective the Federal Reserve’s attempts to tackle inflation have been, and what the central bank may do next. “Based on what I know today, I support a significant increase at our next meeting,” Federal Reserve Governor Christopher Waller told the Institute for Advanced Studies in Austria on Friday. The Fed is next scheduled to meet on Sept. 20-21, where investors expect it to raise interest rates by 75-basis-points from its current range of 2.25%-2.5%. See related article: Ethereum Merge’s Impact on NFTs View comments', 'The automotive market is currently going through massive changes while dealing with supply chain woes and an economy on the verge of recession. So, it’s fairly easy to identify automotive stocks with troubles presently. And the current bear market makes it easy to identify shares that will continue to bleed out as negative factors mount. That said, there are a few reasons the equities listed below are on this list. The pivot away from internal combustion engine vehicles continues, but at a decreased clip. Two out of the three stocks listed are EV makers. Further, indicators in China, the world’s largest electric vehicle market, are mixed. Lastly, cracks have emerged in the iBuying model, with one business remaining a cautionary tale. With these factors in mind, here are the top auto stocks to sell now. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Auto Stocks to Sell: Li Auto (LI) A front view of the Li Xiang One SUV from Li Auto. Source: Carrie Fereday / Shutterstock.com Li Auto (NASDAQ: LI ) stock faces a few obvious issues. For one, it is a Chinese-listed American Depositary Receipt (ADR). That means it represents shares of a non-U.S. company held outside the country, in this case, China. So, political risk is evident. LI stock’s peers, including Nio (NYSE: NIO ) and Xpeng (NYSE: XPEV ), suffer from the same issue. However, Li Auto is doing much worse on one important front: deliveries. In August Li Auto reported that it delivered 4,571 vehicles . Not only was that down 52% from a year ago, but it was also a 56% decline from July. Both of Li Autos’ aforementioned peers performed better. In Xpeng’s case, August deliveries increased 33% but were 17% lower than those in July. Nio saw deliveries increase 81.6% in August YOY, and actually reported a modest 6% increase in deliveries between July and August. That strongly implies that LI stock is one to avoid for any investors interested in playing the reopening in China via EV stocks. Carvana (CVNA) Carvana (CVNA stock) logo on white object in foreground as well as a high-rise building in the background Source: Jonathan Weiss / Shutterstock.com Story continues Carvana (NYSE: CVNA ) was one of the success stories of the pandemic as its iBuying model really took off. The company had long been noted for its aggressive sales growth. That worked well in the lower-rate environments of past quarters and years. But as rates have gone up and used car demand has slowed, the narrative surrounding Carvana has shifted. Macroeconomic forces have drastically affected the company’s fundamental picture. Sales declined in the most recent quarter, a first. And net losses reached $260 million, a massive shift from the $36 million profit a year earlier. The company admitted that it misjudged demand in the face of rising interest rates. In response to management’s error, the company chose to lay off 12% of its workforce. Investors shouldn’t reward Carvana for that misjudgment, especially those who are pro-worker. If the union slant isn’t your thing, then consider that it also misjudged the effect rising rates would have on demand for its car loans. That’s just bad business. Auto Stocks to Sell: Lordstown Motors (RIDE) A magnifying glass zooms in on the website for Lordstown Motors (RIDE). Source: Postmodern Studio / Shutterstock.com Lordstown Motors (NASDAQ: RIDE ) stock is simply one to avoid at all costs. It has been a drastic slide for what was once a very promising company. But times change, and that is reflected in prices that have slid more than 90% over the past year and a half. Lordstown Motors is now a going concern . Company CFO Adam Kroll stated that his firm’s ability to stay in business was in doubt back in May. The company ended Q2 with a $236 million cash balance. It is currently aiming for Q4 deliveries of its light-duty fleet EVs, but that is contingent upon validation scheduled for Q3. Lordstown Motors also relies on Foxconn as its primary development partner. RIDE stock currently trades for $2 which should be a strong warning to investors. On the date of publication Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-09-12 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $428,740,932,312 - Hash Rate: 235601272.08754936 - Transaction Count: 268971.0 - Unique Addresses: 665425.0 Social & AI Sentiment: - Fear & Greed Index: 0.25 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: More than US$100 million worth of NFTs were scammed between July 2021 and July 2022, with each scam perpetrator making an average of US$300,000, according to areportreleased on Wednesday by crypto analysis firm Elliptic. See related article:Who fared worse in cryptocurrency slump: criminals or legitimate users? • Crypto mixerTornado Cashhas laundered over 52% of the NFT scam proceeds, the report said. • May saw the highest amount stolen in the last year, with almost $24 million worth of NFTs stolen. July 2022 had the highest number of NFTs stolen, with more than 4,600, but actual figures could be higher as some scams were not exposed, the report said. • The report also noted that NFT scams based on malicious links posted on social media spiked in 2022, particularly the hijacking of Discord servers, with 23% of nearly 5,000 NFTs worth around $20 million stolen this year due to a Discord server breach. • State-sponsored NFT scams have also risen significantly, such as the US$540 million Ronin bridge hack of high-profile crypto game Axie infinity. • The inflow of ETH into the NFT trading market surged in the third quarter of 2021, with US$8 billion, and growth continued until the first quarter of 2022 that saw the highest ETH quarterly inflow of US$17.4 billion. But ETH flows shrank by 47% in the second quarter of 2022 to US$9.2 billion. See related article:Ronin hackers converted stolen ETH to BTC using sanctioned mixers: report... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin rose to hold its gains above US$22,000 in Tuesday morning trading in Asia, a price it crossed on Monday for the first time in three and half weeks. Ether slipped, while Solana posted the largest gains among the top ten tokens by market capitalization.\nSee related article:Markets: Bitcoin sole gainer in crypto top ten, Ether dips, Polkadot leads losers\n• Bitcoin rose 2.8% in the past 24 hours to trade at US$22,365 at 8 a.m. in Hong Kong, while Ethereum lost 2.8% to US$1,712, according todata from CoinMarketCap.\n• The slump in Ethereum comes just ahead of the long-awaited “Merge” which will see the network move from aproof-of-workconsensus mechanism toproof-of-stake. Ethereum Classic — the network from which the main Ethereum network is forked — which had risen along with Ethereum in recent weeks, was little changed at US$38.49.\n• Solana saw the biggest gains in the CoinMarketCap top 10, adding 7% to US$37.41 as votingopened on a proposalfor the Helium Network to migrate off its own blockchain onto Solana. Helium is a distributed network of long-range wireless hotspots aiming to be an alternative to hard-wired internet service.\n• U.S. equities rose on Monday. The Dow Jones Industrial Average finished up 0.7%, the S&P 500 Index closed 1.1% higher, while the Nasdaq Composite Index was up 1.3%.\n• Investors await the release later today of August’s U.S. Consumer Price Index — a key measure of inflation in the economy — with some estimations projecting a rate of 8.1% or a slowing from July’s 8.5%.\n• The CPI index is used by the U.S. Federal Reserve to guide its interest rate policy. Senior Fed officials have indicated a commitment to continue raising rates until inflation falls within a band of 2% – 3%. Investors are expecting the Fed to raise rates by 75 basis points at its meeting scheduled for Sept. 20 and 21.\nSee related article:BlackRock backflips on Bitcoin as latest institution to see promise in crypto', 'Bitcoin rose to hold its gains above US$22,000 in Tuesday morning trading in Asia, a price it crossed on Monday for the first time in three and half weeks. Ether slipped, while Solana posted the largest gains among the top ten tokens by market capitalization.\nSee related article:Markets: Bitcoin sole gainer in crypto top ten, Ether dips, Polkadot leads losers\n• Bitcoin rose 2.8% in the past 24 hours to trade at US$22,365 at 8 a.m. in Hong Kong, while Ethereum lost 2.8% to US$1,712, according todata from CoinMarketCap.\n• The slump in Ethereum comes just ahead of the long-awaited “Merge” which will see the network move from aproof-of-workconsensus mechanism toproof-of-stake. Ethereum Classic — the network from which the main Ethereum network is forked — which had risen along with Ethereum in recent weeks, was little changed at US$38.49.\n• Solana saw the biggest gains in the CoinMarketCap top 10, adding 7% to US$37.41 as votingopened on a proposalfor the Helium Network to migrate off its own blockchain onto Solana. Helium is a distributed network of long-range wireless hotspots aiming to be an alternative to hard-wired internet service.\n• U.S. equities rose on Monday. The Dow Jones Industrial Average finished up 0.7%, the S&P 500 Index closed 1.1% higher, while the Nasdaq Composite Index was up 1.3%.\n• Investors await the release later today of August’s U.S. Consumer Price Index — a key measure of inflation in the economy — with some estimations projecting a rate of 8.1% or a slowing from July’s 8.5%.\n• The CPI index is used by the U.S. Federal Reserve to guide its interest rate policy. Senior Fed officials have indicated a commitment to continue raising rates until inflation falls within a band of 2% – 3%. Investors are expecting the Fed to raise rates by 75 basis points at its meeting scheduled for Sept. 20 and 21.\nSee related article:BlackRock backflips on Bitcoin as latest institution to see promise in crypto', 'Bitcoin rose to hold its gains above US$22,000 in Tuesday morning trading in Asia, a price it crossed on Monday for the first time in three and half weeks. Ether slipped, while Solana posted the largest gains among the top ten tokens by market capitalization. See related article: Markets: Bitcoin sole gainer in crypto top ten, Ether dips, Polkadot leads losers Fast facts Bitcoin rose 2.8% in the past 24 hours to trade at US$22,365 at 8 a.m. in Hong Kong, while Ethereum lost 2.8% to US$1,712, according to data from CoinMarketCap . The slump in Ethereum comes just ahead of the long-awaited “ Merge ” which will see the network move from a proof-of-work consensus mechanism to proof-of-stake . Ethereum Classic — the network from which the main Ethereum network is forked — which had risen along with Ethereum in recent weeks, was little changed at US$38.49. Solana saw the biggest gains in the CoinMarketCap top 10, adding 7% to US$37.41 as voting opened on a proposal for the Helium Network to migrate off its own blockchain onto Solana. Helium is a distributed network of long-range wireless hotspots aiming to be an alternative to hard-wired internet service. U.S. equities rose on Monday. The Dow Jones Industrial Average finished up 0.7%, the S&P 500 Index closed 1.1% higher, while the Nasdaq Composite Index was up 1.3%. Investors await the release later today of August’s U.S. Consumer Price Index — a key measure of inflation in the economy — with some estimations projecting a rate of 8.1% or a slowing from July’s 8.5%. The CPI index is used by the U.S. Federal Reserve to guide its interest rate policy. Senior Fed officials have indicated a commitment to continue raising rates until inflation falls within a band of 2% – 3%. Investors are expecting the Fed to raise rates by 75 basis points at its meeting scheduled for Sept. 20 and 21. See related article: BlackRock backflips on Bitcoin as latest institution to see promise in crypto', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin rises but ether falls in Monday trading.\nInsights:Bitcoin may not have reached its lowest point, data from two research firms suggests.\nCatch the latest episodes ofCoinDesk TVfor insightful interviews with crypto industry leaders and analysis. Andsign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context.\n●Bitcoin (BTC): $22,176+1.9%\n●Ether (ETH): $1,698−2.4%\n●S&P 500 daily close: 4,110.41+1.1%\n●Gold: $1,732 per troy ounce+0.9%\n●Ten-year Treasury yield daily close: 3.36%+0.04\nBitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found atcoindesk.com/indices.\nBitcoin and Ether Take Different Paths in Monday Trading\nBy James Rubin\nMonday trading offered a tale of two cryptos.\nBitcoin rose but ether fell a day before the release of the latest U.S. inflation reading and three days before the launch of the Merge.\nBTC was recently trading at about $22,200, up almost 2% over the past 24 hours. The largest cryptocurrency by market value soared past $22,000 early Monday as investors\' appetites for riskier investments returned.\nEther recently plunged over 2% from the previous day to trade just below $1,700 after rising over this threshold late Sunday. Investors continue to eye Thursday\'s expected Merge, the technological overhaul of the Ethereum blockchain that will shift its protocol from proof-of-work to more energy efficient proof-of-stake.\nIn an email, Oanda Senior Market Analyst Edward Moya attributed the two cryptos\' differing paths to some traders\' "sell the event" reaction. "It looks like some of the profit-taking with Ethereum is benefitting Bitcoin and other blockchain crypto bets such as Cardano, Solana, and Polkadot," Moya said.\nMoya added optimistically that "Many are still skeptical of a September crypto rebound, but if price action does not turn south here, momentum traders could trigger a decent move higher."\nMost other major cryptos were recently in the red ,with ADA and CRO both off more than 3% over the past 24 hours, but SOL rising over 3%.\nCryptos\' earlier gains tracked equity markets, which continued a mini winning streak with the tech-heavy Nasdaq, S&P 500 and Dow Jones Industrial Average all climbing more than a percentage point. Investors have been feeling more upbeat about the prospect of a positive Consumer Price Index (CPI) on Tuesday showing inflation\'s momentum continuing to wane. Consensus expectations are for a CPI equal to or lower than July\'s 8.5% figure. Other indicators, including job figures, have remained strong, suggesting the economy will achieve the U.S. central bank\'s hoped-for soft landing. Asset markets may also be responding positively to Ukraine\'s successful counteroffensive in its war with Russia and the prospect of diminishing macroeconomic activity.\n"The start of the trading week was supposed to be all about the August inflation report, but Kyiv’s sudden momentum has many hoping that this moment is a turning point with the war against Russia," Moya wrote, although he noted ominously that "Russia’s strategy may now shift to attacking civilian infrastructure, which could lead to widespread blackouts and slow the current counteroffensive moves."\nIn crypto news, financial services giant Fidelity is contemplating whether to let individual brokerage customers trade bitcoin (BTC), The Wall Street Journalreported, citing people familiar with the situation. The initiative would offer the latest evidence of traditional financial services firms\' growing interest in the crypto space.\nEarlier in the day, crypto exchange Huobi said that it would delist seven tokens, including Monero and Zcash.\nIn an interview on CoinDesk\'s First Mover TV program, head economist of decentralized protocols at software company ConsenSys, said that cryptocurrencies respond to external events similar to other riskier assets. "The story Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-09-13 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $429,504,836,406 - Hash Rate: 211972242.0735515 - Transaction Count: 260108.0 - Unique Addresses: 663498.0 Social & AI Sentiment: - Fear & Greed Index: 0.34 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Did Coinbase tempt the fates with last week’s veiled attack on the Securities and Exchange Commission? Just days after the leading U.S. crypto exchange admonished the SEC for inserting itself into an ongoing case of insider trading prosecuted under wire fraud, the company appears to find itself the subject of an investigation by Gary Gensler’s powerful agency. Citing three people familiar with the matter, Bloomberg reported that the SEC is looking into whether Coinbase improperly allowed Americans to trade digital assets that should have been registered as securities , once again drawing attention to the legal gray area under which crypto falls. “We are confident that our rigorous diligence process—a process the SEC has already reviewed—keeps securities off our platform,” posted Paul Grewal, chief legal officer at Coinbase, late on Monday in response to the story. https://twitter.com/iampaulgrewal/status/1551764673199890432?s=20u0026t=PgLQEnw1mCRfRy2sML9RBQ He included a link to his blog post from Friday arguing that Coinbase does not list securities: “End of Story”. If assets traded on Coinbase are found to fit the legal definition for securities, then Coinbase would need to register as an exchange with the SEC. Potentially it would mark the second time the SEC may be launching a probe into a crypto platform, since it allegedly is investigating whether Coinbase rival Binance should have registered its native token marketed under the ticker symbol BNB as a security. It also follows last week’s news that the FBI brought charges of wire fraud in relation to insider trading against former Coinbase employee Ishan Wahi and two accomplices who made off with easily over $1 million in illegal gains thanks to the help of tokens like XYO listed on the U.S. exchange's platform. What seemed straightforward, however, was complicated by the SEC bringing separate charges of securities fraud , alleging that at least nine of the assets traded met the requirements without specifying which ones it meant. Story continues Grewal blasted this as symptomatic of an attempt by the SEC to bring crypto assets under its jurisdiction without a formal process through the means of what he called “one-off enforcement actions,” effectively regulating on an ad hoc basis. One example Coinbase cited was the SEC's controversial case against Ripple's XRP token . Bloomberg reported that the Coinbase probe by the SEC’s enforcement unit predates its investigation into Wahi’s insider trading. If true, this may suggest Grewal’s statement did not trigger a response from the SEC, but rather he himself had knowledge of what was going on behind the scenes when publishing his blog post on Friday and omitted this information. In its 10-Q filing with the SEC, Coinbase has said it received investigative subpoenas from the SEC for documents and information about certain customer programs, operations, and intended future products, including the company’s stablecoin and yield-generating products. "The SEC’s views in this area have evolved over time and it is difficult to predict the direction or timing of any continuing evolution," it said in its quarterly filing from May. When contacted by Fortune , the SEC could not be immediately reached for a comment. More compliance experts needed Even after billions of dollars have been invested and more than 13 years have passed since Bitcoin first launched, the industry is still in its infancy from a regulatory perspective. As a result, there’s now a tug of war between the SEC and the Commodities Futures Trading Commission (CFTC) that both are staking a claim to police the high-profile crypto market on behalf of the U.S. federal government. The uncertainty revolves around whether cryptocurrencies like BNB issued by companies such as Binance should be classed as securities or commodities. Typically the acid test to decide whether a financial instrument can be considered a security stems from two precedential interpretations from the Supreme Court concerning U.S. statutes written in the early 1930s. https://twitter.com/coinbase/status/1551624138145636358?s=20u0026t=StNBeL7n5X66YoLok5E1AQ Coinbase argues this process needs to be reviewed , as none of the authors that drafted the original legislation nearly a century ago could have possibly predicted the advent of cryptographic assets that can be traded autonomously by computer programs. Only very recently has the European Union taken the first major step to pass legislation that creates a standard set of rules across all 27 member states for the treatment of crypto assets. Regulatory risk is a key reason why main Coinbase rival Binance only operates in the U.S. through Binance.US, a separate legal entity headquartered in California. On Monday, its chief executive Brian Shroder said he had doubled the size of his compliance team in a bid to “meet, and even exceed, U.S. regulations and industry standards.” https://twitter.com/BrianShroder/status/1551671668636262400?s=20u0026t=kfr8edgm7IgOjLy6j90UEQ This story was originally featured on Fortune.com... - Reddit Posts (Sample): [['u/DrSkoolie', "OOP asks if she would be the asshole if her and her BF's joint savings account was put in her name because her BF is a Bitcoin day trader", 4952, '2022-09-13 00:33', 'https://www.reddit.com/r/BestofRedditorUpdates/comments/xcqc5e/oop_asks_if_she_would_be_the_asshole_if_her_and/', 'I am NOT OP. Original post by u/Animokey in r/AmItheAsshole\n\n\n---\n\n&nbsp;\n\n[AITA for telling my boyfriend I want our joint savings account to be named after me only, even though we both contribute equally, because I\'m afraid he\'ll lose the money again?](https://www.reddit.com/r/AmItheAsshole/comments/xcgzi0/aita_for_telling_my_boyfriend_i_want_our_joint/) - September 12\n\nFirst of all; I\'m sorry for any misspellings. Second; I\'m sorry if some of my terminology is wrong. I\'m trying to be a part of my boyfriends financial decisions, but I\'m still learning.\n\nYes, the title is bad, But it\'s the truth. My boyfriend is a Bitcoin day trader. He can make in a day what I make in 2 weeks, but he can lose the same amount in an hour.\n\nWe used to have a joint savings account, but one day he gambled everything on some "sure investment" and lost the entire account, plus a lot of his own money. He said one of the "coin makers" lied to him and stole the money from everyone. That money was supposed to go to the first payment on a house and moving expenses, but it was all gone because of a scam.\n\nIt took me a lot of time to accept what happened. I\'m still not sure what I would have done if he hadn\'t given me my money back.\n\nWe\'re still planning to buy a house together, but now I demand to be the only one that can control that money.\n\nHe told me I\'m a control freak, That I don\'t believe in him or his businesses and that I\'m pissed that he makes more than me. Accept I don\'t. I literally have a stable income and benefits from my job.\n\nHe told me that he will become a millionaire and buy himself every house he wants, because now he "makes the coins himself" and he is afraid I\'m going to leave him and take his money. I told him that if we break up I\'ll open the savings account and split it down the middle so we both get what we paid for.\n\nI love him, but I don\'t trust him with my money. I feel like I\'m dating a gambler. Is it wrong of me to be this controlling? He makes me feel stupid for not understanding his work, but maybe I am just financially illiterate. I don\'t know. Thoughs?\n\n\n&nbsp;\n\nUpdate I\n\nI bumped him. He tried to explain to me that he stopped gambling on crypto- he started a company with some people to scam other crypto investors. Apparently he can create "meme coins" and scam people for their money. I recorded everything while he showed me some graffs. I\'m not sure what the police can do with it, but I\'m going to find out.\n\nYou were right, reddit- he is a POS\n\n&nbsp;\n\nUpdate II\n\n(Sorry if it\'s too much, I hate OP not delivering) I reported him at ReportFraud.ftc.gov and sent Twitter a request to close his account due to breaking Twitter policy.\n\nI\'m happy to hear other steps I can take to end his sorry ass. My DMs are open for suggestions.\n\n\n&nbsp;\n\nReminder - I am not the original poster.', 'https://www.reddit.com/r/BestofRedditorUpdates/comments/xcqc5e/oop_asks_if_she_would_be_the_asshole_if_her_and/', 'xcqc5e', [['u/Wataru624', 1494, '2022-09-13 00:47', 'https://www.reddit.com/r/BestofRedditorUpdates/comments/xcqc5e/oop_asks_if_she_would_be_the_asshole_if_her_and/io6mbc1/', 'Crypto bro gets scammed and decides to become the scammer, I thought The Incredibles already did this plotline.', 'xcqc5e'], ['u/No_Kangaroo_9826', 1262, '2022-09-13 00:51', 'https://www.reddit.com/r/BestofRedditorUpdates/comments/xcqc5e/oop_asks_if_she_would_be_the_asshole_if_her_and/io6mth2/', ">I feel like I'm dating a gambler.\n\nYa were girl", 'xcqc5e'], ['u/throwitb4ck', 236, '2022-09-13 00:53', 'https://www.reddit.com/r/BestofRedditorUpdates/comments/xcqc5e/oop_asks_if_she_would_be_the_asshole_if_her_and/io6n27s/', 'Crypto seems so volatile, I’ve read too many horror stories to ever take that risk', 'xcqc5e'], ['u/ExchangeSpecialist52', 17, '2022-09-13 00:59', 'https://www.reddit.com/r/BestofRedditorUpdates/comments/xcqc5e/oop_asks_if_she_would_be_the_asshole_if_her_and/io6nwi5/', 'This sounds exactly like an old ex of mine. He was a casino gambler and always had a ‘system’ that he would love to explain to people. Any time anyone questioned him he would laugh at them like they were stupid.\n\nWell, he ended up going absolutely broke down to 0, 3 different times throughout life last I heard. \n\nIronically, through that I found poker and now that’s my full time job 😅', 'xcqc5e'], ['u/Least-Designer7976', 119, '2022-09-13 00:59', 'https://www.reddit.com/r/BestofRedditorUpdates/comments/xcqc5e/oop_asks_if_she_would_be_the_asshole_if_her_and/io6nxj5/', "I love how in most reddit stories, most of the time the narcissist who thinks the OOP will leave them while stealing all their money, are most of the time poor, without a job and totally dreaming about their future potential big fortune 😂\n\n\nI mean it's bad to be mean but if my jobless lazy SO would tell me ''You're going to trick me and steal all my money'' when they live on my money I would totally save them time and kick them out to avoid stress for them 😎", 'xcqc5e'], ['u/janecdotes', 151, '2022-09-13 01:00', 'https://www.reddit.com/r/BestofRedditorUpdates/comments/xcqc5e/oop_asks_if_she_would_be_the_asshole_if_her_and/io6o2qg/', 'God this fucking idiot, he gets scammed and thinks "what a clever thing to do to someone!" Because clearly those he\'s scamming aren\'t actual real people to him, they\'re just tools to make him his millions. Good for OOP reporting him.', 'xcqc5e'], ['u/Eleven918', 10, '2022-09-13 01:02', 'https://www.reddit.com/r/BestofRedditorUpdates/comments/xcqc5e/oop_asks_if_she_would_be_the_asshole_if_her_and/io6oan1/', 'At least she got all the money she lost back and broke even.\n\nScammers deserve to be behind bars!!!', 'xcqc5e'], ['u/Isteppedinpoopy', 41, '2022-09-13 01:03', 'https://www.reddit.com/r/BestofRedditorUpdates/comments/xcqc5e/oop_asks_if_she_would_be_the_asshole_if_her_and/io6oh3q/', '“I promise I will not steal more from you later than you are stealing from me now.”', 'xcqc5e'], ['u/toketsupuurin', 20, '2022-09-13 01:07', 'https://www.reddit.com/r/BestofRedditorUpdates/comments/xcqc5e/oop_asks_if_she_would_be_the_asshole_if_her_and/io6oyml/', "If you can't trust them with your money, you shouldn't trust them with your heart.", 'xcqc5e'], ['u/SeminolesRenegade', 54, '2022-09-13 01:07', 'https://www.reddit.com/r/BestofRedditorUpdates/comments/xcqc5e/oop_asks_if_she_would_be_the_asshole_if_her_and/io6p1po/', 'Yeah. It’s really sad. Many of the people that get scammed are then contacted by an investigative agency to help them recoup their money….all they need to do is front the minimal investigation costs. \n\nYup. You guessed it, exact same people as first scam double dipping. And usually the elderly. \n\nDeplorable. Scammers and poachers deserve the worst in life.', 'xcqc5e'], ['u/Rainy_roleplaying', 103, '2022-09-13 01:16', 'https://www.reddit.com/r/BestofRedditorUpdates/comments/xcqc5e/oop_asks_if_she_would_be_the_asshole_if_her_and/io6q6im/', "I honestly wouldn't date someone who's involved with crypto currency. Some day that shit will disappear and it's gonna get messy", 'xcqc5e'], ['u/Potato-Engineer', 26, '2022-09-13 01:16', 'https://www.reddit.com/r/BestofRedditorUpdates/comments/xcqc5e/oop_asks_if_she_would_be_the_asshole_if_her_and/io6q9he/', 'Only gable/invest with what you can afford to lose. The more volatile the "investment", the more you should be prepared to lose everything you put in.', 'xcqc5e'], ['u/sn34kypete', 84, '2022-09-13 01:17', 'https://www.reddit.com/r/BestofRedditorUpdates/comments/xcqc5e/oop_asks_if_she_would_be_the_asshole_if_her_and/io6q9zo/', 'Anything with memes and money is a no for me. Gamestop? Bed Bath and Beyond? By the time I hear about it, the rugpull/crash is a day or two away. I used to torture myself with what-ifs. "If I had put in 10k on GME when it was 4 dollars a share and sold at 400 I\'d have this much before taxes" wrong, because you\'d never have gambled 10k on something you didn\'t know was a "sure thing". \n\nJust max out your employer contributions and max out your ROTH IRA. If you want to gamble after that go wild.', 'xcqc5e'], ['u/Kaiser93', 576, '2022-09-13 01:20', 'https://www.reddit.com/r/BestofRedditorUpdates/comments/xcqc5e/oop_asks_if_she_would_be_the_asshole_if_her_and/io6qora/', '>My boyfriend is a Bitcoin day trader. \n\nThis was enough for me. \n\nGlad that OOP lost that dead weight of a bf.', 'xcqc5e'], ['u/Lodgik', 296, '2022-09-13 01:23', 'https://www.reddit.com/r/BestofRedditorUpdates/comments/xcqc5e/oop_asks_if_she_would_be_the_asshole_if_her_and/io6r5zi/', "That's because it is volatile. It's a completely unregulated market rife with scams.", 'xcqc5e'], ['u/Empty-Neighborhood58', 217, '2022-09-13 01:28', 'https://www.reddit.com/r/BestofRedditorUpdates/comments/xcqc5e/oop_asks_if_she_would_be_the_asshole_if_her_and/io6rsow/', 'Unrelated but i love you name tag thingy', 'xcqc5e'], ['u/nazare_ttn', 94, '2022-09-13 01:29', 'https://www.reddit.com/r/BestofRedditorUpdates/comments/xcqc5e/oop_asks_if_she_would_be_the_asshole_if_her_and/io6rwhj/', 'lmao “I bumped him” solid typo. Woulda been a hell of a twist if she actually did that.', 'xcqc5e'], ['u/No_Kangaroo_9826', 242, '2022-09-13 01:29', 'https://www.reddit.com/r/BestofRedditorUpdates/comments/xcqc5e/oop_asks_if_she_would_be_the_asshole_if_her_and/io6ry8s/', 'That story had me fucking shrieking so when I saw the updated flair I had to have it', 'xcqc5e'], ['u/canolafly', 20, '2022-09-13 01:29', 'https://www.reddit.com/r/BestofRedditorUpdates/comments/xcqc5e/oop_asks_if_she_would_be_the_asshole_if_her_and/io6rynh/', "I'm current... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['OSLO, Norway –– Lawyers for Craig Wright, the Australian computer scientist best known for claiming to be the inventor of Bitcoin, said he will not provide any new cryptographic proof that he is Satoshi Nakamoto during his trial against Bitcoiner Hodlonaut, which kicked off in Oslo on Monday. The Norwegian trial is one of two simultaneous lawsuits centered around a series of tweets from March 2019 in which Hodlonaut expressed doubt about Wright’s claims to be Satoshi, and called him a “ fraud ” and a “scammer.” Hodlonaut, known in real life as Magnus Granath, initiated the suit in Norway to get a judge to rule that his tweets were protected by the Constitutional right to freedom of speech , and prevent Wright’s defamation suit filed in the U.K. from moving forward. During his opening statements on Tuesday, Wright’s lead attorney, Halvor Manshaus, told the court that establishing Wright’s ownership of Satoshi’s private keys –\xa0a move many of Wright’s doubters say would settle the years-long argument over his claims –\xa0isn’t enough. “Craig Wright is of the perception that to sign … with the private key, one block or the other … is not conclusive evidence of whether he is Satoshi or not,” Manshaus told the court. “It’s never one thing or the other is sufficient, you need several elements, you need the whole package.” Manshaus also read numerous excerpts from Andrew O’Hagan’s 2016 article “ The Satoshi Affair ” to show that, in addition to not feeling like cryptographic evidence would be enough to silence his critics, Wright has also struggled emotionally with the burden of “proving” his identity as Satoshi. Using passages from “The Satoshi Affair,” Manshaus argued that Wright has “difficulty trusting people” and suffered extreme emotional pain and “exhaustion” after a private signing session –\xa0intended to prove his ownership of Satoshi’s private keys – with Bitcoin developer Gavin Andresen in 2016, that caused him to break down in tears. Story continues Determining ‘Satoshiness’ without cryptographic proof Instead of cryptographic proof, Manshaus attempted to convince the court of his client’s identity as Satoshi with other pieces of evidence, including a personal history allegedly in line with the creation of Bitcoin. Manshaus’ opening statements also leaned heavily on Andresen’s 2016 assertions that he believed Wright to be Satoshi following the private signing session. What Manshaus glossed over, however, is that Andresen later retracted his support for Wright: when Andresen was deposed for Wright’s trial against the estate of his former friend Dave Kleiman, he testified that he had been “bamboozled” by Wright, who used “gobbledegook proof” to demonstrate his possession of Satoshi’s private keys. The support of former Bitcoin Foundation director Jon Matonis –\xa0who wrote a blog post called “ How I Met Satoshi ” in 2016 after a private proof session with Wright – also featured heavily in Wright’s legal team’s opening statements. Convincing the likes of Matonis and Andresen, Manshaus argued, the latter of which he described as “a very critical person in the beginning … extremely critical,” was proof enough of Wright’s claim to be Satoshi. In addition to the “proof” Wright offered privately, Manshaus detailed Wright’s childhood in Australia, during which he spent time with his grandfather, Captain Ronald Lynam, learning to code and operate a ham radio in the family “hamshack.” Manshaus also told the court about Wright’s long-standing obsession with Japanese culture (confirmed by a quote from Wright’s mother in “The Satoshi Affair”) that explained his choice of pseudonym. Satoshi, Manshaus said, means “Ash” in Japanese –\xa0and Wright chose it because he wanted Bitcoin to take down the legacy financial system, and “rise like a phoenix from its ashes.” It had the added benefit, according to Manshaus, of being the Japanese-language name of Pokemon character Ash Ketchum. (Note: CoinDesk attempted to verify this claim, and found that Satoshi has several meanings, depending on the kanji used, none of which translate to “Ash.” Furthermore, the Japanese name for Ash Ketchum is based on Pokemon creator Satoshi Taijiri’s name, according to gaming website CBR. The spelling Taijiri uses for “Satoshi” translates to “knowledge” or “wisdom.”) Wright’s academic achievements and military career –\xa0both of which appear to have been exaggerated (for example, Australian public military records seem to indicate that Wright was discharged by the Royal Australian Air Force only a year after being accepted into a nine-year officer program) –\xa0were also presented to the court as evidence that Wright had the skills, knowledge and experience required to create Bitcoin. KPMG report During their opening statements on Monday, Hodlonaut’s attorneys told the court they’d commissioned multinational auditing firm KPMG to authenticate Wright’s evidence submitted in the case. The report is expected to show that many documents submitted by Wright are either manipulated or unverifiable, and will be discussed when a KPMG representative testifies on Friday. Though the contents of the 73-exhibit report have not yet been made public, Wright’s attorneys attempted to preemptively debunk it during their statements on Tuesday, telling the court that there are reasons for documents to appear manipulated (such as being opened in two different versions of Microsoft Word) that don’t necessarily point to intentional manipulation. The current trial in Norway is not the first time Wright’s alleged history of submitting false\xa0 evidence has influenced court proceedings. In the Kleiman vs. Wright trial held last November, lawyers for the plaintiff called witnesses who testified about Wright’s business dealings, suspected forged signatures and backdated documents. They also referenced Wright’s legal issues with the Australian Tax Office (ATO), who concluded after a lengthy investigation that Wright had backdated and forged contracts provided during an audit, and was pretending to be Satoshi to get around his tax issues (Wright, for his part, claimed that the ATO was the victim of a hack that resulted in funky documents). Read more: In Craig Wright Trial, Plaintiffs Lay Out Pattern of Fraud, Deceit and Hubris In Wright’s libel suit against British podcaster Peter McCormack, a U.K. judge ruled that Wright had “advanced a deliberately false case” and put forward false evidence, and awarded him a single British pound in damages (Through his lawyers, Wright told CoinDesk he intends to appeal the “adverse findings” because his evidence was “misunderstood.”) The hashtag dilemma Another key theme of Manshaus’ opening statements on Tuesday was the hashtag Hodlonaut used in his March 2019 tweets, #CraigWrightIsAFraud. By using a hashtag, Manshaus argued, Hodlonaut amplified his criticisms of Wright by creating a repository for similar tweets using the same hashtag. “His statement directly encourages other people to follow up the attack against Craig Wright with the same language, the same form,” Manshaus said. “We are going to see that encouraged a rapid and toxic attack against Craig Wright.” Manshaus told the court that when Wright complained to Twitter about the hashtag and subsequent criticism, his account was deleted. He also said that the online criticism of Wright spilled over into other social media platforms, including a Telegram group called “Bitcoin Plebs” that encouraged its approximately 400 members to “organize a bitcoin pleb attack on some shitcoin scammers,” which included putting “pressure on exchanges to delist these scams.” Manshaus admitted there was no evidence that Hodlonaut was involved in this Telegram group, but told the court: “Could be that Holdonaut has nothing to do with these people except they see the tweet and react … but still, we believe that it’s as likely or more likely that Hodlonaut himself is more involved than that, that he’s in one of these groups, that he’s taking the initiative here…” Manshaus went on to say that the “BSV extinction event” (referring to the massive delisting of Bitcoin Satoshi’s Vision, the fork of Bitcoin created by Wright) the members of “Bitcoin Plebs” were angling for was a result –\xa0direct or indirect –\xa0of Hodlonaut’s criticism. The exchanges that delisted BSV, however, including Binance and Kraken, stated that they did so because of Wright’s behavior, including doxxing and suing Hodlonaut and others. Witness testimony begins With opening statements concluded, witness testimony will begin on Wednesday. Wright and Hodlonaut are both expected to testify. On Thursday and Friday, the court will hear testimony from additional witnesses: Wright’s cousin, Max Lynam; a so-far unnamed expert from KPMG who will go over the findings of the report; Dr. Ami Klin, an autism expert who diagnosed Wright with Autism Spectrum Disorder (ASD) and testified on his behalf at the Kleiman vs. Wright trial last year; and Stefan Matthews, an associate of Wright’s. Andresen and Matonis are not expected to testify.', 'OSLO, Norway –– Lawyers for Craig Wright, the Australian computer scientist best known for claiming to be the inventor of Bitcoin, said he will not provide any new cryptographic proof that he is Satoshi Nakamoto during his trial against Bitcoiner Hodlonaut, which kicked off in Oslo on Monday. The Norwegian trial is one of two simultaneous lawsuits centered around a series of tweets from March 2019 in which Hodlonaut expressed doubt about Wright’s claims to be Satoshi, and called him a “ fraud ” and a “scammer.” Hodlonaut, known in real life as Magnus Granath, initiated the suit in Norway to get a judge to rule that his tweets were protected by the Constitutional right to freedom of speech , and prevent Wright’s defamation suit filed in the U.K. from moving forward. During his opening statements on Tuesday, Wright’s lead attorney, Halvor Manshaus, told the court that establishing Wright’s ownership of Satos Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-09-14 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $390,267,420,703 - Hash Rate: 202308899.97494468 - Transaction Count: 270309.0 - Unique Addresses: 687667.0 Social & AI Sentiment: - Fear & Greed Index: 0.27 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Good morning. Here’s what’s happening: Prices:Cryptos rallied late Wednesday, with bitcoin topping $19K again and ether rising above $1.6K Insights:DeFi companies that once intended to dethrone large financial institutions are now targeting them. Catch the latest episodes ofCoinDesk TVfor insightful interviews with crypto industry leaders and analysis. Andsign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context. ●Bitcoin (BTC): $19,310+2.5% ●Ether (ETH): $1,627+5.8% ●S&P 500 daily close: 3,979.87+1.8% ●Gold: $1,727 per troy ounce+1.6% ●Ten-year Treasury yield daily close: 3.26%−0.07 Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found atcoindesk.com/indices. Cryptos Rally Late Wednesday By James Rubin Cryptocurrencies found a late spark Wednesday to regain ground lost in a plunge little more than 24 hours earlier. Bitcoin was recently trading at about $19,300, up more than 2% for this period after falling to $18,558 on Tuesday, its lowest level in two months. The largest cryptocurrency by market cap is now struggling to maintain support above $19,000 as investors shrink from the same Federal Reserve monetary hawkishness and macroeconomic uncertainty that have plagued riskier assets for months. "There was probably a lot of period of time for bitcoin where the macro factors probably didn't matter, but to the extent that the goal is to be more mainstream, the more mainstream it becomes, the more it's affected by mainstream things," Noah Hamman, CEO of investment management company AdvisorShares, told CoinDesk TV's "First Mover" program. Ether continued its recent trend of outperforming bitcoin, rising nearly 6% to trade over $1,630 as crypto markets recovered some of their excitement for the Merge, which shifts the Ethereum blockchain from proof-of-work to more energy-efficient proof-of-stake. On Tuesday, the second largest crypto in value had plummeted below $1,500 for the first time in more than a week. Among other major altcoins, ALGO, the token of proof-of-stake, carbon-negative blockchain network Algorand, recently rose more than 6% after the company announced a protocol upgrade. YGG and CRV jumped more than 12% and 11%, respectively. Equity markets Equity markets closed higher amid at least a temporary lull in risk-averse sentiment with the tech-focused Nasdaq and S&P 500 both spiking about 2% and the Dow Jones Industrial Average (DJIA) climbing nearly 1.5%. On Wednesday, markets receivedfresh signalsthat the Federal Reserve Reserve will approve a third consecutive 75 basis point interest rate hike with several Fed officials in separate speeches reiterating the bank's commitment to tame inflation. The Fed has boosted interest rates at its fastest pace in about four decades. “We are in this for as long as it takes to get inflation down,” Fed Vice Chairwoman Lael Brainard said Wednesday in aspeechat a banking conference in New York. In her remarks, Brainard also said the cryptocurrency market bears similar risks to traditional finance, but will need new regulations for situations not covered by existing laws. Given the unique characteristics of crypto, there's a need for “creating clear regulatory guardrails," she said. Brainard alsorestatedher position about the risk of stablecoins. “Stablecoins is one of those areas that I think has the most potential for risk if not properly regulated and of course those risks can easily spill into the main core financial system because of the runnable nature of stablecoins,” she said. [{"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+8.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Ethereum", "Ticker": "ETH", "Returns": "+5.9%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "+5.8%", "DACS Sector": "Computing"}] There are no losers in CoinDesk 20 today. Why DeFi Companies Are Targeting Institutional Investors By Shaurya Malwa SEOUL, South Korea – Decentralized finance (DeFi) companies are increasingly targeting a sector they once looked to usurp: traditional finance players and institutional investors. The shift is interestingly consistent. Ethereum lending projects Aave and Compound started offering institutional versions of their products in 2021, while Maker brought an SME loans platform called Monetalis into the Maker fold, with Maker as the sole backer –despite token holders’ opposition. The offerings are not lowball efforts arising from a bear market either. A cohort of “institutional DeFi” (decentralized finance) is growing at a significant pace as well,as per reports.Some research firms even pegthe niche sector to attract over $1 trillion in capital from investors over the next five years. Such moves are a shift from the past ethos of DeFi, which formed in the deep bear market of 2019 as an antidote to TradFi, or traditional finance. A then-sparsely populated Telegram group – just called “DeFi” – had budding protocol builders and users discuss and envision a world where smart contracts wholly govern the supply of finance to users, one where TradFi had no reach. The Telegram group counted among its many participants the-then unknown developers and investors such as Synthetix's Kain Warwick, Yearn's Artem K, DeFiance Capital's Arthur Cheong and Compound's Robert Leshner, among several others, who have since evolved into DeFi superstars. But developments of today are a near 180-degree shift from that TradFi-free world. Going 'where the growth is' What changed? As per Maker developer Nik Kunkel, it's all about “where the growth is.” “If you go to an institution, they're gonna borrow $100 million. We have people who want to borrow a billion (dollars) from us,” Kunkel said during August’s BuildAsia conference in Seoul. “Trying to get that critical mass of retail users that you need to get $500 million in total loans is really difficult, right?” Kunkel added that the cost of user acquisition for a retail participant remains high, as opposed to marketing products to institutions that provide a “better bang for your buck” in terms of where a project spends its resources. The sentiment was seconded by Doo Wan Nam, founder of governance-focused crypto fund StableNode. “Many DeFi ecosystems have been aware that user base as well as liquidity can be greatly enhanced via working with TradFi,” Doo told CoinDesk. The likes of Doo say DeFi is not that far off from its promise either. “I would also add that a lot of DeFi ethos was also about educating and revolutionizing the current financial system – which is still applicable,” he said over a Telegram message. Still, Maker’s Kunkel says the recent push for institutional catering doesn’t mean that the project isn’t about retail anymore. “There's different initiatives to serve different purposes. So I think on the growth side we're looking more towards institutions, but when it comes to “banking the unbanked,” and that's where layer two comes in,” Kunkel said. “It's too expensive to transact [ether] on a layer one [blockchain]. You can't tell someone in Africa or someone in Paraguay that they need to spend $20 on gas costs. That's not feasible.” “That's where the push for layer two [companion blockchain] comes in,” Kunkel noted, adding that fees on such systems were “less than $1 right now” and that future simulations run by the team show that transaction costs gradually “become insignificant.” Layer 2 refers to a set of off-chain systems or separate blockchains built on top of layer 1, or base, blockchains. This software bundles multiple off-chain transactions into a single layer 1 transaction, which helps reduce the data load, leading to faster network transactions at lower costs. Practising Law Institute: The SEC Speaks in 2022 1 p.m. HKT/SGT(5 a.m. UTC):Japan Eco Watchers Survey(August/current/outlook) 8:15 p.m. HKT/SGT(12:15 p.m. UTC):European Central Bank monetary policy statement In case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV: Signature Bank’s Crypto Outflows Mitigated by Growth in Core Deposits, Wedbush Says:The bank’s spot deposits fell $1.64 billion driven by outflows in digital asset banking of $4.27 billion. Bitcoin Bets Look Bearish as Futures Trading Hits Record Level:The number of outstanding futures and perpetual contracts on bitcoin rises to a record, and traders are paying up to bet on further price declines – in a market that's already bearish. Celsius 'Misled' Investors About Crypto Lender's Financial Health, Vermont Regulator Alleges:The Vermont regulator also said the crypto lender's treatment of investors funds "suggests" it operated with a Ponzi-like structure. Bitcoin Miner CleanSpark Buys 10K New Machines for $28M After Discounts, Credits:The company has been taking advantage of opportunities to expand in the bear market.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin was little changed while most of the crypto top ten by market capitalization rose, edging the entire crypto market cap back above US$1 trillion in Thursday morning trading in Asia. Ether and Cardano led the gains after Wednesday’s slump on inflation concerns in the U.S. See related article: Markets: Bitcoin, Ether drop on CPI report, Solana biggest loser, Dogecoin back in top 10 Fast facts Bitcoin rose 0.3% in the past 24 hours to trade at US$20,241 at 8 a.m. in Hong Kong, while Ether (ETH) gained 3.8% to US$1,634, according to data from CoinMarketCap . Ethereum Classic (ETC), the network from which ETH was forked in 2016, gained 11.3% to US$39.32. The rise in ETC and ETH comes as Etheruem is expected to complete the “Merge” this week, which is forecast to slash electricity use and improve the speed of transactions on the network. Cardano gained 3.8% to change hands at US$0.48 while Solana was up 3.2% at US$34.09. The total market cap gained 1.4% to sit just over US$1 trillion after falling below that point for much of Wednesday. U.S. equities also gained after the sharp declines on Wednesday. The Dow Jones Industrial Average closed up 0.1%, the S&P 500 Index finished 0.3% higher, while the Nasdaq Composite Index gained 0.7%. Markets slumped Wednesday after the August Consumer Price Index in the U.S., a key inflation measure, rose 0.1% month-on-month when the market had expected a decline. This generated concern the U.S. Federal Reserve may raise rates more than the 75 basis points expected when it meets on Sept. 20-21, with the market consensus rising to 35% for a full percentage point increase, the largest hike in 40 years. However, that likelihood has since been adjusted down to 24%, according to data from CME Group . The next key economic data event for nervous equity markets is U.S. retail sales figures due later today. Interest rates in the U.S. are currently between 2.25% – 2.5%. See related article: Bitcoin mining difficulty reaches all-time high, up 3.5% in latest adjustment', 'Bitcoin was little changed while most of the crypto top ten by market capitalization rose, edging the entire crypto market cap back above US$1 trillion in Thursday morning trading in Asia. Ether and Cardano led the gains after Wednesday’s slump on inflation concerns in the U.S.See related article:Markets: Bitcoin, Ether drop on CPI report, Solana biggest loser, Dogecoin back in top 10\n• Bitcoin rose 0.3% in the past 24 hours to trade at US$20,241 at 8 a.m. in Hong Kong, while Ether (ETH) gained 3.8% to US$1,634, according todata from CoinMarketCap.\n• Ethereum Classic (ETC), the network from which ETH was forked in 2016, gained 11.3% to US$39.32. The rise in ETC and ETH comes as Etheruem is expected to complete the“Merge”this week, which is forecast to slash electricity use and improve the speed of transactions on the network.\n• Cardano gained 3.8% to change hands at US$0.48 while Solana was up 3.2% at US$34.09. The total market cap gained 1.4% to sit just over US$1 trillion after falling below that point for much of Wednesday.\n• U.S. equities also gained after the sharp declines on Wednesday. The Dow Jones Industrial Average closed up 0.1%, the S&P 500 Index finished 0.3% higher, while the Nasdaq Composite Index gained 0.7%.\n• Markets slumped Wednesday after the August Consumer Price Index in the U.S., a key inflation measure, rose 0.1% month-on-month when the market had expected a decline.\n• This generated concern the U.S. Federal Reserve may raise rates more than the 75 basis points expected when it meets on Sept. 20-21, with the market consensus rising to 35% for a full percentage point increase, the largest hike in 40 years. However, that likelihood has since been adjusted down to 24%, according todata from CME Group.\n• The next key economic data event for nervous equity markets is U.S. retail sales figures due later today. Interest rates in the U.S. are currently between 2.25% – 2.5%.\nSee related article:Bitcoin mining difficulty reaches all-time high, up 3.5% in latest adjustment', 'Bitcoin was little changed while most of the crypto top ten by market capitalization rose, edging the entire crypto market cap back above US$1 trillion in Thursday morning trading in Asia. Ether and Cardano led the gains after Wednesday’s slump on inflation concerns in the U.S.See related article:Markets: Bitcoin, Ether drop on CPI report, Solana biggest loser, Dogecoin back in top 10\n• Bitcoin rose 0.3% in the past 24 hours to trade at US$20,241 at 8 a.m. in Hong Kong, while Ether (ETH) gained 3.8% to US$1,634, according todata from CoinMarketCap.\n• Ethereum Classic (ETC), the network from which ETH was forked in 2016, gained 11.3% to US$39.32. The rise in ETC and ETH comes as Etheruem is expected to complete the“Merge”this week, which is forecast to slash electricity use and improve the speed of transactions on the network.\n• Cardano gained 3.8% to change hands at US$0.48 while Solana was up 3.2% at US$34.09. The total market cap gained 1.4% to sit just over US$1 trillion after falling below that point for much of Wednesday.\n• U.S. equities also gained after the sharp declines on Wednesday. The Dow Jones Industrial Average closed up 0.1%, the S&P 500 Index finished 0.3% higher, while the Nasdaq Composite Index gained 0.7%.\n• Markets slumped Wednesday after the August Consumer Price Index in the U.S., a key inflation measure, rose 0.1% month-on-month when the market had expected a decline.\n• This generated concern the U.S. Federal Reserve may raise rates more than the 75 basis points expected when it meets on Sept. 20-21, with the market consensus rising to 35% for a full percentage point increase, the largest hike in 40 years. However, that likelihood has since been adjusted down to 24%, according todata from CME Group.\n• The next key economic data event for nervous equity markets is U.S. retail sales figures due later today. Interest rates in the U.S. are currently between 2.25% – 2.5%.\nSee related article:Bitcoin mining difficulty reaches all-time high, up 3.5% in latest adjustment', '(Updates to late New York trading levels)\nBy Caroline Valetkevitch\nNEW YORK (Reuters) - The dollar was slightly higher against the yen on Thursday following data showing U.S. retail sales unexpectedly rebounded in August, while the Swiss franc hit its strongest against the euro since 2015.\nThe dollar pared some gains following the data, which showed retail sales increased 0.3% last month, but demand for goods is cooling as the U.S. Federal Reserve raises interest rates. Economists polled by Reuters had forecast sales would be unchanged.\nThe dollar has been supported by the view that the Fed will keep tightening policy aggressively.\nMany market participants believe that recent data including this week\'s surprise increase in consumer prices in August is likely to give the U.S. central bank enough reason to announce a third consecutive 75-basis-point rate hike next Wednesday.\n"The details of the retail sales report weren\'t nearly as strong as the headline. If you break down the retail sales report, it was generally a bit softer," said Adam Button, ForexLive chief currency analyst.\nWith the dollar, "the default mode in the currency market is to buy the dollar unless there\'s a good reason to sell it," he said.\nThe dollar was up 0.2% against the yen at 143.47, having fallen 1% on Wednesday on news that the Bank of Japan had checked on exchange rates with banks - a possible preparation for yen buying. The dollar index was up 0.1% at 109.69.\nInvestors continued to debate whether Japanese authorities really would intervene to support their currency, which has fallen sharply this year.\nA record Japanese trade deficit for August has also underscored the bearish trend for the yen.\nJapanese currency officials "stepped up their rhetoric this week, and the market is really still calling their bluff. It\'s very tough to talk a currency down when the fundamentals are so divergent," Button said.\nEarlier in the session, the Swiss franc rose against the euro to its strongest level against the single currency since January 2015, when the Swiss National Bank scrapped its minimum exchange rate of 1.20 francs per euro.\nMeanwhile, the dollar was down 0.1% against the Swiss franc.\nThe SNB also meets next week and there is some speculation in the market that it could join the Fed and ECB with outsized rate increases. Money markets are fully pricing in a 75 basis-point rate rise from the SNB, according to data from Refinitiv.\nThe euro was up 0.2% at $0.9996. It hit a 20-year low of $0.9864 last week.\nIn crypto markets, Vitalik Buterin, Ethereum inventor and co-founder, wrote on Twitter that a major software upgrade to the Ethereum blockchain aimed at slashing its energy usage has been completed.\nThe token, which underpins the ethereum network, was last down 8.6%. Bitcoin was down 2.2%.\n========================================================\nCurrency bid prices at 4:00PM (2000 GMT)\nDescription RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid\nPrevious Change\nSession\nDollar index\n109.6900 109.6000 +0.10% 14.663% +109.9200 +109.4100\nEuro/Dollar\n$0.9996 $0.9978 +0.17% -12.08% +$1.0018 +$0.9956\nDollar/Yen\n143.4650 143.1750 +0.19% +24.61% +143.7950 +142.8000\nEuro/Yen\n143.40 142.87 +0.37% +10.04% +143.6700 +142.5700\nDollar/Swiss\n0.9610 0.9623 -0.11% +5.37% +0.9641 +0.9558\nSterling/Dollar\n$1.1469 $1.1542 -0.60% -15.17% +$1.1548 +$1.1461\nDollar/Canadian\n1.3229 1.3169 +0.46% +4.63% +1.3240 +1.3155\nAussie/Dollar\n$0.6703 $0.6748 -0.65% -7.78% +$0.6770 +$0.6696\nEuro/Swiss\n0.9606 0.9604 +0.02% -7.36% +0.9612 +0.9533\nEuro/Sterling\n0.8713 0.8646 +0.77% +3.73% +0.8720 +0.8641\nNZ\nDollar/Dollar $0.5968 $0.6002 -0.54% -12.78% +$0.6025 +$0.5965\nDollar/Norway\n10.1690 10.1115 +0.65% +15.52% +10.1800 +10.0890\nEuro/Norway\n10.1670 10.0557 +1.11% +1.54% +10.1723 +10.0569\nDollar/Sweden\n10.7260 10.6873 +0.55% +18.94% +10.7444 +10 Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-09-15 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $385,031,985,906 - Hash Rate: 234168569.2623376 - Transaction Count: 277041.0 - Unique Addresses: 700513.0 Social & AI Sentiment: - Fear & Greed Index: 0.28 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: So far, 2022 has been as unkind to digital coins as it has been to stocks. Bitcoin is down more than 37% on the year. Ethereum is down more than 41% andcrypto, in general, has been in the news for all the wrong reasons lately. Explore:Your Biggest Money Etiquette Questions AnsweredMore:Should You Still Buy a Home in Today's Market? A scary first-quarter earnings report from Coinbase, America's largest crypto exchange, has the industry and its investors in a state of panic, according to Fortune and Forbes. For many crypto naysayers, the events confirm their long-held suspicions. In a new GOBankingRates study, a combined 40% of respondents said that they avoid crypto because they don't feel that it's regulated enough or because they don't trust the security that protects it. Another 60% don't trade crypto simply because they don't understand it. That widespread lack of knowledge and trust is a perfect breeding ground for misinformation — and there's no shortage of that where crypto is concerned, especially now that things are so bad. If you're even considering jumping into the market,make sure you don't fall for the following stubborn crypto myths. Myth: Your Investments Are Safe With CoinbaseCoinbase validated the industry and brought cryptocurrency into the mainstream when it went public and began trading on the Nasdaq. Publicly traded companies, after all, are regulated by the SEC, which is exactly the kind of federal oversight that leery mainstream investors had been holding out for all along. On May 11, however, Coinbase's first-quarter earnings report revealed stunning losses approaching a half-billion dollars and a 19% drop in monthly users. A selloff ensued, battering Coinbase even further.The report was followed by an announcement that stunned the industry.If the exchange goes bankrupt, Coinbase explained, the cryptocurrencies stored in its user accounts could be subject to bankruptcy proceedings. Their owners would be treated as general unsecured creditors — and unlike cash, crypto is not FDIC-insured.They could, in other words, lose all of their cryptocurrencies no matter how well those cryptocurrencies performed simply because the exchange that held them went bankrupt.Take Our Poll:Do You Think Student Loan Debt Should Be Forgiven? Myth: Crypto Is UnregulatedEven if Coinbase is publicly traded under the watchful eye of the SEC, the currencies that users store there are completely unregulated — or so goes a common myth. In reality, the SEC in early May announced that it was doubling the staff that it dedicates to protecting investors in cryptocurrency markets.According to NextAdvisor, the $1.2 trillion bipartisan infrastructure bill that President Biden signed late last year included new tax-related crypto legislation. The publication also noted that the federal government is seriously considering introducing its own digital currency and that enhanced Stablecoin regulation is all but certain in the near future. Myth: Crypto Transactions Are AnonymousAnother early turnoff for mainstream investors was bitcoin's association with criminality and the dark corners of the internet. The reason that crypto was always so popular with seedy elements of society, the myth goes, is because it's anonymous — users can conduct secret transactions that banks, governments and law enforcement agencies are helpless to trace.As the authorities proved when they recouped ransom payments after the Colonial Pipeline hack, that's simply not true. Crypto is converted into fiat currency — at least briefly — at the moment of exchange in almost all transactions, according to CNET. That leaves a paper trail, despite the fact that crypto trades aren't directly linked to identities.Also, transactions are permanently recorded on a public blockchain and law enforcement has become much more sophisticated in the technology and techniques it uses to track illicit crypto movements. Myth: Cryptocurrency Is Clean and GreenThe process of making paper involves harvested trees and a whole lot of toxic chemicals, inks and dyes. The metal in coins — like the gold and silver that preceded modern currency — must be mined from the ground.Cryptocurrency, on the other hand, exists only in a digital blockchain and is therefore environmentally sustainable, right?That would be nice. Unfortunately, the computer power required for proof-of-work mining consumes "amounts of electricity capable of powering countries," according to Business Insider. The New Yorker reports that the world's crypto mines consume enough energy annually to power Sweden for one year and that crypto mining can be as environmentally destructive as actual mining. Myth: Bitcoin Is Not Just an Investment, It's a Viable CurrencyFrom the beginning of bitcoin, volatility was the name of the game — investors endured crushing lows in pursuit of soaring highs with exciting climbs and terrifying drops in between. Enough people got rich along the way to prove that crypto can be a wise investment, but anything that can make you rich or broke in a few weeks or months makes for a lousy purchasing medium, according to NextAdvisor.If you use bitcoin to pay for a $3 coffee, for example, but that same share of bitcoin is worth $30 a week later, you would have lost $27 on a $3 transaction. Myth: Crypto Gains Aren't TaxedFinally, there's a common misconception that since crypto transactions are anonymous — again, they aren't — that there's no way for the IRS to track gains and losses and therefore can't tax cryptocurrency investments.Here, too, that would be nice.The reality is that the IRS treats crypto as property. The agency taxes it just as it taxes other assets like gold and stocks. When you sell, trade, or otherwise dispose of crypto holdings, you pay taxes on the gains and you can deduct the losses, just like shares of Amazon or your favorite ETF. Similarly, tax rates depend on your income, your filing status, and the length of time you held the asset.More From GOBankingRates5 Places in Florida Where You Can Live Only on Social SecurityAll the States That Don't Tax Social Security7 Surprisingly Easy Ways To Reach Your Retirement Goals6 Reasons You Need to Watch Your Credit Score Closely This article originally appeared onGOBankingRates.com:6 Crypto Myths Debunked... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["For short-to-medium-term investors, the markets are at an interesting point. Historically, September has been the worst-performing month for the S&P 500 in terms of average returns. However, November, December and January are among the best months. Therefore, now might be a good time for investors to begin looking for undervalued growth stocks to buy. A turbulent September could present an opportunity to buy such names at a discount and then reap the benefits in the fourth quarter. Of course, given the headwinds investors face, most notably high inflation, interest rate increases and a potential recession, it\x92s possible it may take longer to see bullish returns. Yet, these market conditions also give longer-term investors a chance to buy quality growth stocks for the next five years. Therefore, my list of growth stocks to buy in September focuses on those that could be traded in the near term for Q4 gains and should also be considered for a long-term portfolio. InvestorPlace - Stock Market News, Stock Advice & Trading Tips CPNG Coupang $18.32 RIOT Riot Blockchain $7.38 LI Li Auto $25.81 DKNG DraftKings $19.22 SLDP Solid Power $6.26 TENB Tenable $39.15 RIG Transocean $3.23 Coupang (CPNG) A close-up shot of a Coupang (CPNG) delivery vehicle. Source: Ki young / Shutterstock.com First on my list of top growth stocks to buy is South Korean e-commerce company Coupang (NYSE: CPNG ). Down 38% in the past 12 months, CPNG stock is attractive from a valuation perspective. In addition to the broader sell-off in high-multiple stocks, shares shave been hit by growth and profitability concerns. However, the company surprised by achieving positive adjusted EBITDA of $66 million in the second quarter. This prompted management to raise its full-year guidance after previously calling for adjusted EBITDA losses 0f $400 million for 2022. Bank of America recently reiterated its \x93buy\x94 rating on CPNG stock, forecasting the company will deliver adjusted EBITDA of $284 million and $659 million in 2023 and 2024, respectively. With economies of scale, the company is likely to deliver healthy cash flows in the next few years. Story continues A big addressable market in Korea coupled with international expansion means there is headroom for top-line growth. If the market stabilizes, I would not be surprised if CPNG stock surges by 30% to 50% over the next few months. Riot Blockchain (RIOT) An abstract concept image for blockchain and cryptocurrencies. Source: Shutterstock Bitcoin ( BTC-USD ) miner Riot Blockchain (NASDAQ: RIOT ) hit a low just above $4 in early July. Since then, the stock is up 84% even as Bitcoin struggles to trend higher. Assuming a scenario where Bitcoin rallies in the final quarter of the year, the stock can potentially deliver multi-fold returns. Even if Bitcoin trends marginally higher, RIOT is likely to outperform due to a big expansion planned for the next few months. In August, Riot reported a hash rate capacity of 4.8 exahash per second (\x93EH/s\x94). The company expects to expand capacity to 12.6EH/s by January 2023 , which will translate into significantly more Bitcoin mined. At the end of the second quarter, Riot reported cash in hand of $270.5 million. Cash and digital assets provide ample headroom for aggressive expansion through 2023. Riot is also attractive for the long term with Bitcoin halving due in 2024. Li Auto (LI) Li Auto(Li Xiang) brand logo and electric car in store. A Chinese EV(electric vehicle) company Source: Robert Way / Shutterstock.com Chinese electric vehicle maker Li Auto (NASDAQ: LI ) rallied sharply in May and June, surging back above the $40 level before reversing lower. With positive business catalysts, I believe LI stock is likely to trade at new highs in Q4. Data from the China Association of Automobile Manufacturers shows sales of new energy vehicles, which include EVs, more than doubled in August on a year-over-year basis to hit a record 666,000 units . EV sales accounted for the vast majority of these sales at 522,000 units. If the positive momentum in Chinese EV sales continues, Q4 is likely to be a good one for investors in LI stock. Li Auto has commenced commercial deliveries of its second model, the Li L9\xa0SUV . As sale gains traction, vehicle deliveries will accelerate further. Li Auto has healthy margins and the company has already been reporting positive free cash flows. The company also reported cash and equivalents of $8\xa0billion. A strong cash buffer will support aggressive retail network expansion. DraftKings (DKNG) A man opens the DraftKings (DKNG) app from his iPhone. DraftKings is an American daily fantasy sports contest and sports betting operator. DKNG Stock Forecast Source: Tada Images / Shutterstock.com DraftKings (NASDAQ: DKNG ) is another hot growth stock that has plunged, down 30% year to date and 68% on a 12-month basis. But shares are up nearly 80% since mid-June. In all probability, the stock has bottomed out and further gains seem likely. Management expects revenue to increase 65% this year to $2.1 billion and to post an adjusted EBITDA loss of $800 million. In the likely event the company guides for significant improvement in adjusted EBITDA for 2023, the stock could go ballistic. It\x92s worth noting that DraftKings\x92 average revenue per monthly unique payers rose from $80 in Q2 2021 to $103 in Q2 2022. Once sales and marketing cost stabilizes, there is ample room for EBITDA margin improvement. As more states legalize online sports betting and gambling, the addressable market will continue to swell. The long-term outlook for DKNG stock is therefore positive. Solid Power (SLDP) Smartphone with logo of American battery company Solid Power Inc. on screen in front of business website. Focus on center-left of phone display. Source: T. Schneider / Shutterstock.com The market for solid-state batteries is likely to expand significantly in the coming decade, making QuantumScape (NYSE: QS ) an attractive name in the industry. However, in the near term, I like Solid Power (NYSE: SLDP ) due to a big impending upside catalyst. Solid Power announced in June that the company has completed the installation of its pilot production line. This will be used for the production of EV scale solid-state cells. By the end of the year, Solid Power expects to begin delivering battery cells for validation testing by its automotive partners Ford (NYSE: F ) and BMW (OTCMKTS: BMWYY ). If pre-production deliveries are within the timeline, the stock is likely to trend higher. Furthermore, if the validation testing yields positive results, it should provide another upside trigger in 2023. Therefore, SLDP stock is attractive not just for Q4 but also for the next 12 months. Tenable (TENB) a business man pressing a button with an open lock on it that's connected to a symbol of a cloud and various security related icons Source: Shutterstock Cybersecurity company Tenable (NASDAQ: TENB ) is another undervalued pick on my list of growth stocks to buy due to positive industry tailwinds . Despite the firm\x92s strong financial performance, TENB stock has disappointed, down 29% year to date. But a sharp reversal may be in the cards. In the second quarter, the company reported revenue growth of 26% on a year-over-year basis to $164.3 million. With 95% recurring revenue in the quarter, there is clear free cash flow visibility. It\x92s worth noting that 64% of Tenable\x92s Q2 revenue came from the Americas, while the Asia-Pacific region accounted for only 11%. Tenable believes that the total addressable market for cyber exposure is worth $25 billion. Given the cyber security challenges globally, there is ample room for growth outside the United States. TENB stock hit an all-time high of $63.61 in April. With sustained growth, I would not be surprised if that high is tested in Q4. That would imply potential upside of 62% from current levels. Transocean (RIG) Transocean logo on a laptop screen. RIG stock. Source: Postmodern Studio / Shutterstock With crude oil prices holding well above $80 per barrel even with economic headwinds, oil and gas stocks are likely to remain investor favorites. Offshore driller Transocean (NYSE: RIG ) is up 17% year to date. This positive performance was helped by a 16% single-day jump following the release of better-than-expected second-quarter results.\xa0I expect good numbers for Q3 and Q4, which is likely to translate into a big rally for shares. Transocean has bagged some big orders over the past few months. At an attractive day-rate, these orders would imply further EBITDA margin expansion. The company already has an order backlog of $7.4 billion , which provides clear cash flow visibility. With a liquidity buffer of $1.9 billion and expectations of swelling free cash flows, Transocean is also positioned to deleverage. As credit metrics improve, the stock is due for re-rating. I would not be surprised if RIG stock surges by 50% from current levels within the next two quarters. On the date of publication, Faisal Humayun did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the\xa0InvestorPlace.com Publishing Guidelines . Faisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modeling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector. More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live The Best $1 Investment You Can Make Today Early Bitcoin Millionaire Reveals His Next Big Crypto Trade \x93On Air\x94 It doesn\x92t matter if you have $500 or $5 million. Do this now. The post 7 Growth Stocks to Buy for Big Gains in Q4 appeared first on InvestorPlace .", 'For short-to-medium-term investors, the markets are at an interesting point. Historically, September Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-09-16 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $378,212,176,138 - Hash Rate: 203901883.4393143 - Transaction Count: 261361.0 - Unique Addresses: 706574.0 Social & AI Sentiment: - Fear & Greed Index: 0.20 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin (BTC) mining hosting and brokerage services firm Compass Mining will work with Compute North on a 75 megawatt (MW) hosting partnership for its Granbury, Texas data center, the company said Wednesday . Compass’ deployment will start in August and continue for “several months,” according to the company. Compass seeks to deploy 25,000 application specific integrated circuit (ASIC) miners to the Wolf Hollow plant site in Granbury. In a move to readdress its strategy, Compass recently cut 15% of its staff and lowered executive compensation following the resignation of its CEO and chief financial officer . Compass cited "multiple setbacks and disappointments" for the executive changes. The new power plant uses advanced gas turbine designs and air cooling to decrease carbon emissions and water dependence, according to Compass’ statement. Regarding Texas’ demand response program, which aids the Energy Reliability Council of Texas (ERCOT) market, the data center is able to curtail its load to ERCOT. The move comes as bitcoin miners continue to work with ERCOT on voluntary curtailments for their operations as soaring temperatures cause increased power demand and grid constraints in Texas. Read more: Bitcoin Production Cost Has Dropped to About $13K, JPMorgan Says... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['LOS ANGELES, CALIFORNIA, Sept. 16, 2022 (GLOBE NEWSWIRE) -- Youbie Token is a newly developed digital platform that offers a wide range of digital services. In the recent development, the company announced the official launch of its platform on 15th\xa0September.\nYoubie Tokenhas multiple features for its client\'s and holders\' advantages. It includes Live Streaming, where creators can live stream. They can accept donations via their supported cryptocurrencies. Their Youbie Wallet now supports Bitcoin, Ethereum, BNB, Litecoin, and Youbie. Youbie is a native token that is yet to launch.\nThe newly established platform offers NFT Marketplace, where creators can trade NFTs on the marketplace. These can be anything from highlight clips to funny/viral content they want to mint. The team is working on a function where streams can click "Mint (5s, 10s, the 30s, 1m)". It will turn the past (timeframe) of the stream into an NFT and will be able to be auctioned live on stream. So, for example, if a streamer hits a trick shot in a call of duty game, they can quickly click "Mint 30s," and it will mint the past 30 seconds into an NFT.\nFurthermore, Youbie Token also provides the Physical Marketplace where creators can trade merchandise. Anything physical can be sold here. In addition, it possesses the feature of Tournaments / E-Sports, where the company generates lots of adoption. Users can enter tournaments for all different types of games that are hosted directly on the platform. People can host tournaments for ANY game that allows custom lobbies/games to be created, which is 99.9% of games these days.\nIt’s easy to join a tournament. After launch, creators will be able to host their tournaments. The system allows users to enter a tournament by paying the entry fee, agreeing to the terms and rules of the game, and entering their in-game details. Then it is up to them to join the game.\nMoreover, Youbie Token offers Premium Subscriptions to its users. As mentioned in Live Streaming, users can tip during the stream. Creators set their thresholds of what their premium subscription cost is. If it\'s $10 per month, if a user lists $10 throughout the month, they automatically unlock access to the creator’s premium profile. It enables one-on-one chat, private video/photo feeds, and exclusive NFTs.\nConsequently, Youbie Token has its swapping system so anyone can deposit crypto like BTC / ETH \xa0/ LTC and easily swap it to their native currency Youbie. It means people outside of BSC can quickly get their hands on Youbie.\nAbout Youbie Token:\nYoubie Token is newly established crypto platform in the industry that has developed multiple features to expand itself in the crypto space. The company’s native token known as “Youbie” is yet to launch. In the latest record, the company is officially launching its platform on 15th\xa0September.\nFor further information, intending users or NFT enthusiasts must visit the following links:\nTelegram\|Discord\|Twitter\nCONTACT: John Youbie Youbie Token contact at youbie.tv', 'Youbie LOS ANGELES, CALIFORNIA, Sept. 16, 2022 (GLOBE NEWSWIRE) -- Youbie Token is a newly developed digital platform that offers a wide range of digital services. In the recent development, the company announced the official launch of its platform on 15th\xa0September. Youbie Token has multiple features for its client\'s and holders\' advantages. It includes Live Streaming, where creators can live stream. They can accept donations via their supported cryptocurrencies. Their Youbie Wallet now supports Bitcoin, Ethereum, BNB, Litecoin, and Youbie. Youbie is a native token that is yet to launch. The newly established platform offers NFT Marketplace, where creators can trade NFTs on the marketplace. These can be anything from highlight clips to funny/viral content they want to mint. The team is working on a function where streams can click "Mint (5s, 10s, the 30s, 1m)". It will turn the past (timeframe) of the stream into an NFT and will be able to be auctioned live on stream. So, for example, if a streamer hits a trick shot in a call of duty game, they can quickly click "Mint 30s," and it will mint the past 30 seconds into an NFT. Furthermore, Youbie Token also provides the Physical Marketplace where creators can trade merchandise. Anything physical can be sold here. In addition, it possesses the feature of Tournaments / E-Sports, where the company generates lots of adoption. Users can enter tournaments for all different types of games that are hosted directly on the platform. People can host tournaments for ANY game that allows custom lobbies/games to be created, which is 99.9% of games these days. It\x92s easy to join a tournament. After launch, creators will be able to host their tournaments. The system allows users to enter a tournament by paying the entry fee, agreeing to the terms and rules of the game, and entering their in-game details. Then it is up to them to join the game. Moreover, Youbie Token offers Premium Subscriptions to its users. As mentioned in Live Streaming, users can tip during the stream. Creators set their thresholds of what their premium subscription cost is. If it\'s $10 per month, if a user lists $10 throughout the month, they automatically unlock access to the creator\x92s premium profile. It enables one-on-one chat, private video/photo feeds, and exclusive NFTs. Story continues Consequently, Youbie Token has its swapping system so anyone can deposit crypto like BTC / ETH \xa0/ LTC and easily swap it to their native currency Youbie. It means people outside of BSC can quickly get their hands on Youbie. About Youbie Token: Youbie Token is newly established crypto platform in the industry that has developed multiple features to expand itself in the crypto space. The company\x92s native token known as \x93Youbie\x94 is yet to launch. In the latest record, the company is officially launching its platform on 15th\xa0September. For further information, intending users or NFT enthusiasts must visit the following links: Telegram \| Discord \| Twitter CONTACT: John Youbie Youbie Token contact at youbie.tv', 'Poilievre speaks on a podium in front of a huge Canadian flag - Canadian Press/Shutterstock Canada \'s new populist Tory leader claimed Justin Trudeau \'s government had ruined "the lives of its citizens" as he kicked off his bid to boot the prime minister out of office. Pierre Poilievre, 43, has branded the country\'s decades-high inflation "Justin-flation" to hammer Mr Trudeau\'s public spending levels as he becomes his main challenger. It was this combative style that propelled him to a landslide victory last Saturday in the Canadian Conservative Party\'s leadership election. Mr Poilievre\'s crushing defeat of his centrist rival, Jean Charest, in a 68 per cent to 16 per cent vote, has been taken as a sign that something is shifting in the country\'s political landscape. Long seen as a beacon of winning progressive politics on the global stage, Mr Trudeau\'s Liberal Party stood in stark contrast to the bruising political discourse in the US. But after seven years in power, the Liberal government has been hampered by political scandals, a housing crisis, high living costs and voter fatigue. Mr Trudeau\'s approval rating currently stands at just 36 per cent, with 56 per cent of Canadians disapproving of him, according to the Angus Reid Institute. Poilievre and his wife on stage - REUTERS/Blair Gable Mr Poilievre\'s message has resonated with angry voters, waging a social media-fuelled grievance campaign that has painted Mr Trudeau, 50, as an out-of-touch elite and the mainstream media as a Left-wing, globalist cabal. He has riveted his Right-wing base with his fiery exchanges, attacking Mr Trudeau\'s vaccine mandates and economic management while promising to champion “anti-wokeism” and make Canada the "freest nation on earth". “When government ruins the finances of the nation, it ruins the lives of its citizens,” he said in a sharp-edged attack on the Prime Minister this week. Liberal gatekeepers and corporate oligarchs are apoplectic that I\'m going to scrap their crony capitalism and replace it with free enterprise, entrepreneurial, bottom-up capitalism. For them, more leftist tears. For you, a system that puts you back in charge of your life. pic.twitter.com/bTaalawzQn — Pierre Poilievre (@PierrePoilievre) August 16, 2022 Conservative strategists say Mr Poilievre may be the leader with the skills to defeat Mr Trudeau in the next election. Dan Robertson, chief strategist to Mr Poilievre\'s predecessor Erin O\'Toole, said he was "very optimistic" about his chances in the next election. Story continues "It\'s going to be an epic campaign of unprecedented ferocity. Both Trudeau and Poilievre are very combative and they play hard," he said. Mr Trudeau does not have to schedule an election until October 2025, but Mr Robertson believes there is every possibility the prime minister will call it earlier. "It\'s going to be one of the most interesting political battles of my lifetime," he said. "You have a Prime Minister who has now won three elections and whose campaigning abilities are undoubted going up against a younger guy who, by all appearances, has the same campaigning qualities." Much like Donald Trump, Mr Poilievre has succeeded in attracting people who have previously felt disengaged from politics. Trudeau and Poilievre greet each other - Canadian Press/Shutterstock His campaign claims it signed up a record-breaking 311,958 new party members. "The numbers are astronomical - much, much higher than in previous Conservative leadership elections," said Mr Robertson, who has known Mr Poilievre for over a decade. And just like Mr Trump, Mr Poilievre has drawn standing-room-only crowds at campaign rallies, rarely seen in Canadian leadership races. The new Conservative leader has also proved adept at tapping into public anger. He embraced the trucker convoys that crippled the capital Ottawa and other cit Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-09-17 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $383,568,744,694 - Hash Rate: 270807188.94283926 - Transaction Count: 247863.0 - Unique Addresses: 641808.0 Social & AI Sentiment: - Fear & Greed Index: 0.22 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: The bitcoin (BTC) mining arm of a major Japanese bank has ended a previously undisclosed relationship with a Russian miner hosting firm sanctioned by the U.S. government. Tokyo-based SBI Holdings, the parent company of crypto miner SBI Crypto, said Aug. 15 in anearnings reportthat it was “withdrawing” from Russia. In a laterinterview with Bloomberg, the firm’s chief financial officer cited the broad sanctions imposed by the West on the country since President Vladimir Putin's Russiainvaded Ukrainein February. But CoinDesk was told the sanctions bit SBI Crypto directly. The unit was hosting its mining machines at BitRiver, a major mining company with sites across Siberia, which has been blacklisted by U.S. authorities, according to two people familiar with the arrangement. SBI Crypto is at least the second big name to emerge as ceasing work with BitRiver after the U.S. Treasury Department imposedsanctionson the mining firm in April. The other is Compass Mining, based in Austin, Texas. Exactly what “withdrawing” from Russia looks like is unclear.Compass Mining has told CoinDeskthat its hands are essentially tied, with the company's machines stuck in BitRiver’s facility and lawyers advising it to not even talk directly to BitRiver, let alone transact with the Russian outfit. Read more:After Countless Bungles, Compass Mining Tries to Change Course At the same time, Compass Mining – and SBI Crypto, according to its chief financial officer – claim they have been trying to sell their equipment in Russia, but neither would answer questions as to how that can be achieved without their hosting firm’s involvement. There is evidence, however, suggesting SBI Crypto’s operation has slowed since Russia invaded Ukraine, which led to sanctions. Its mining pool hashrate, a measure of computing power spent on the Bitcoin network, has dropped by about one-third since February, according todatafrom information platform Blockchain.com. However, mining pools bring together the computing power of more than one miner, so the number doesn’t necessarily reflect only SBI Crypto’s mining operations, as other companies can participate in the pool. Read more:What Are Bitcoin Mining Pools? BitRiver’s case underscores how the global bitcoin ecosystem, ethereal as it might feel to its users, still relies on physical infrastructure that centralized agents and governments can easily tamper with. Mining companies “help Russia monetize its natural resources,” making them a “mechanism for the Putin regime to offset the impact of sanctions,” the Treasury Department’sOffice of Foreign Assets Control (OFAC)said in April. BitRiver would neither confirm nor deny that SBI was its client, nor would SBI Holdings. “The SBI Group has already stopped all mining in Siberia. And we are not mining in the rest of Russia. As for any other information, I’m afraid I cannot disclose,” said SBI Holdings in an emailed response to CoinDesk, signed by “Corporate Communications Dept.” SBI Holdings’ latest quarterly earnings report does show it retains a link to Russia, as it continues to operate a banking branch there. SBI Holdings has disclosed little about its mining business, and did not previously mention its involvement in Russia as far as CoinDesk could find. The firmused to disclosebasic information, such as that it produced its own chips and machines, in its earnings presentations.In 2018 it saidthat it was mining in the U.S. state of Virginia and in Sweden, and in 2020 it mentioned in a press release it was working inTexas. Other than that, SBI would mostly talk about mining at “overseas locations." Even those disclosures stopped in 2020. Around that time, the company was looking into mining in Russia and Kazakhstan, an industry source with knowledge of the matter told CoinDesk. In fact, at that time, SBI Holdings stopped mentioning bitcoin mining altogether in its earnings presentations, except in relation to its“environmental” investment in Texas data center management firm Lancium. The SBI spokesperson would not say why mining revenue was not disclosed after 2020. The Japanese firm’s presence in the Russian mining market has been a carefully kept secret: Employees of multiple mining businesses operating in the region told CoinDesk they had never heard that SBI was mining in Russia. That made sense, said Alex Petrov, former chief information officer at Bitfury, which mines and builds mining machines. According to him, publicizing your mining business in Russia could lead to someone – a government official or others – swiping your equipment, so it’s not surprising some companies preferred to keep quiet about their involvement. “The legal status of crypto mining in Russia is still unclear, so it’s a risk for miners,” Petrov added. “Local authorities might see mining businesses as something illegal and freeze their operations while the legal dispute is going on.” Read more:Russia to Regulate Crypto, Dispelling Fears of Ban Previously, U.S.-basedCompass Miningmoved to stop its operation in Russia and has been trying to sell its hardware at BitRiver’s venue since April. SBI Holdings was also planning to sell its equipment in Russia, too, Chief Financial Officer Hideyuki KatsuchitoldBloomberg. This is normally the case with other foreign miners leaving Russia at the moment, a source working with mining firms told CoinDesk: Transporting mining equipment to and from Russia is too complex a task, so those heading out just sell their machines to other miners. After Compass announced its exit, BitRiver was left with two big clients: SBI Crypto and Phoenix Technology Consultants, a United Arab Emirates-based mining firm affiliated with Phoenix Store, the distributor in the Middle East for Bitmain, the world’s leading manufacturer of mining rigs. During a mining conference in Dubai in November, Phoenixannouncedplans for a massive purchase of mining equipment. At the same event, BitRiverannounced an agreementto provide Phoenix with 300 megawatts (MW) of hosting capacity by the end of 2022. However, Phoenix CEO Munaf Ali would not discuss any dealings with BitRiver, instead pointing CoinDesk to aninterviewwhere he said the company has operations in Russia broadly. SBI Holdings' financial results for the spring suffered from its withdrawal from Russia. In the second quarter of the year, SBI Holdings lost 9.7 billion Japanese yen ($71 million) in profit before tax “due to the suspension of the mining business in Russia, a decline in the price of crypto-assets held, and B2C2’s losses associated with the bankruptcy of some business partners,” thepresentationfor investors read. (B2C2 is a crypto trading firm that SBIacquired in 2020.) About 7.2 billion yen of that was due to “temporary factors” such as the fall in crypto prices, leaving 2.5 billion yen as losses that could be attributed to SBI's Russia adieu. As of June 30, SBI Holdings had18.6 trillion yenof total assets. Reutersreportedin June that SBI “aims to become Japan's fourth-largest banking group.”... - Reddit Posts (Sample): [['u/PotentialExcuse43', 'Peak delusion on r/bitcoincashsv', 16, '2022-09-17 00:35', 'https://www.reddit.com/r/bsv/comments/xg5616/peak_delusion_on_rbitcoincashsv/', '"Greg Maxwell melting down"\n\n"We will have an avalanche of witnesses from Australia for UK trial"\n\n"We\'ll see who is blindsided"\n\n"Craig will win all cases"\n\n"A lot of people owe Craig Wright an apology"\n\n"The opposition is preparing a strawman narrative about forged documents"\n\nAnd my favorite:\n\n"Kurt Wucker Jr.\'s hodlonaut trial stream kept breaking up, eventually had to end it. His hotel room was getting mysterious phone calls ringing during the stream, and then the internet seemed to be getting DDOSed. The Core Cult seems extremely desperate"', 'https://www.reddit.com/r/bsv/comments/xg5616/peak_delusion_on_rbitcoincashsv/', 'xg5616', [['u/Zectro', 16, '2022-09-17 01:25', 'https://www.reddit.com/r/bsv/comments/xg5616/peak_delusion_on_rbitcoincashsv/ioqbw0l/', "Most of us would probably ignore it if not for Craig Wright's legal harassment, and his fraudulent attempts to market himself as Satoshi and BSV as Satoshi's true vision.", 'xg5616'], ['u/Zectro', 14, '2022-09-17 01:33', 'https://www.reddit.com/r/bsv/comments/xg5616/peak_delusion_on_rbitcoincashsv/ioqcuo4/', 'How do you figure? If BSV had just kind of forked as it did, with continued topological block ordering, a bigger max blocksize, and few new op codes, but with no Craig, I can\'t imagine any possible world where I\'d still care enough to be commenting on it. \n\nHe\'s the albatross around all your necks that draws continued criticism like wildfire with all his lawsuits and his aggressive "I\'m Satoshi" BSV advertising.\n\nAdditionally, all the most insane post-split features of BSV, that no one really cared, about were because of him. Like the botched sunsetting of P2SH and the idea to add OP_COURTSIG.', 'xg5616'], ['u/Zectro', 10, '2022-09-17 01:36', 'https://www.reddit.com/r/bsv/comments/xg5616/peak_delusion_on_rbitcoincashsv/ioqd9l3/', "How was that a non-answer? I don't think BSV could jeopardise the crypto world and I clearly explained my reasons for following it, which all center around Craig's abuse and his incompetence.", 'xg5616']]], ['u/JustinRidesMoto', 'White Paper on Why is POW/BTC "Good" vs "Bad"', 23, '2022-09-17 02:32', 'https://www.reddit.com/r/Bitcoin/comments/xg7s93/white_paper_on_why_is_powbtc_good_vs_bad/', 'First post I think, so don\'t murder me.\n\nI\'m looking for a single page position paper on why PoW and BTC is "good", rather than "bad", from somebody a lot smarter than I (not hard). With the Merge (weeeee! Utopia!) I think that is going to come under attack here in the US if we can\'t change the narrative. This would be something in 3/4 page of bullets easily digestible to the layperson and/or politician (so the reading level needs to be low). This could come from many perspectives, obviously.\n\nHave y\'all ever seen anything like this in the massive pile of BTC literature around the internets?\n\nedit: I shoulda added a question mark after the title....', 'https://www.reddit.com/r/Bitcoin/comments/xg7s93/white_paper_on_why_is_powbtc_good_vs_bad/', 'xg7s93', [['u/bitusher', 21, '2022-09-17 09:46', 'https://www.reddit.com/r/Bitcoin/comments/xg7s93/white_paper_on_why_is_powbtc_good_vs_bad/iorsczv/', 'Proof of Stake is not new or very interesting, and exists as a form with fiat currency already.\nProof of stake has many more attack vectors(nothing at stake attacks, long range attacks, short range attacks , stake grinding attacks) than proof of work and ultimately is either less efficient or less secure.\nFurther reading –\n\nhttps://medium.com/@tuurdemeester/critique-of-buterins-a-proof-of-stake-design-philosophy-49fc9ebb36c6\n\nhttps://download.wpsoftware.net/bitcoin/pos.pdf\n\nhttps://en.bitcoin.it/wiki/Proof_of_Stake\n\nhttp://www.truthcoin.info/blog/pow-cheapest/\n\nhttps://medium.com/@hugonguyen/work-is-timeless-stake-is-not-554c4450ce18\n\n\nhttps://medium.com/@factchecker9000/nothing-is-worse-than-proof-of-stake-e70b12b988ca\n\n\nThere doesn\'t seem to be any foreseeable solutions to making proof of stake secure either besides obscuring the flaws. Bitcoin is deliberately made inefficient with proof of work as using provable work that is external to the blockchain is the only means to create real costs where the game theory supports a model where it is both profitable to secure BTC and extremely costly to attack it.\n\nWith PoW (proof of work) you would need to be a tremendous amount of effort in order to censor 1-2 blocks with building many asic mining farms, and than burning the electricity continuously in order to attack bitcoin.\n\nhttps://www.youtube.com/watch?v=ncPyMUfNyVM\n\nhttps://www.youtube.com/watch?v=KUd8ZGgm6Qo\n\nWith Proof of stake all I need to do is be an early adopter(s) , hack/kidnap an early adopter(s) , or convince many users to join a interest bearing bank account by staking their coins with my company(done many times before) to attack the network. Since Proof of work involves outside resources one can always objectively see and measure the hashrate and sources in realtime and one can cutoff such an attack because it involves outside resources.\n\n\nThere are many different variations of proof of stake but the simplest way to understand this is by looking at those blockchain\'s as a democratic consensus mechanism where everyone\'s vote is weighted based upon how many coins or stake they control. Their staked coins than have an opportunity to create a block without proof of work and a dev controlling 51% of the coins gets to virtually mint ~51% on average of all the blocks . This presents another concern as the coins typically need to be in "hot wallets" to do so instead of cold storage leading to a more insecure environment.\n\nSince most PoS coins have massive premines where only a small number of devs control most of the coins this also presents another concern as those devs can be targeted by states , hackers, or attackers or as we often see with altcoin devs they pump and dump a project and than move onto a competing project to repeat this cycle over and over again thus have an incentive to attack their old project.\n\nWith Proof of work , seizing the coins or stake of any individual or group of people doesn\'t effect the process of mining or securing the network directly at all . They can only try and spook the market by dumping coins at a discount while individuals like myself will happily buy up all the discounted coins.\n\nPoS is being sought because it is a clever marketing ploy to attract environmentalists who are concerned about the electricity used in PoW mining. They may have valid concerns that I also share but they fail to see all the external costs in PoS.\n\nhttp://www.truthcoin.info/blog/pos-still-pointless/\n\n\nThere is a fallacy which rests on a false assumption that total amount electricity burnt must always correlate with the price of bitcoin. In reality the cost of electricity burnt will tend to correlate with the price of bitcoin.\n\nThis means that as bitcoin continues to compete with all other forms of electrical demand worldwide the price per kW across the board will rise and thus decreasing the amount of electricity needed for bitcoin even if the price of bitcoin continues to rise and making bitcoin more and more efficient. This also has the side effect of encouraging more and more efficient and greener forms of cooling and electrical production.\n\nWatch this video -\nhttps://www.youtube.com/watch?v=2T0OUIW89II\n\n\nhttps://www.danheld.com/blog/2019/1/5/pow-is-efficent\n\n\nhttps://medium.com/@hugonguyen/work-is-timeless-stake-is-not-554c4450ce18\n\n\nhttps://www.coindesk.com/the-last-word-on-bitcoins-energy-consumption\n\n\nhttps://www.coindesk.com/no-concentration-among-miners-isnt-going-to-break-bitcoin\n\n\nhttps://medium.com/the-bitcoin-times/proof-of-work-the-fundamental-laws-of-physics-and-nature-33d95167c57a\n\n\nhttps://medium.com/@nic__carter/its-the-settlement-assurances-stupid-5dcd1c3f4e41\n\n\nhttps://medium.com/@hugonguyen/proof-of-stake-the-wrong-engineering-mindset-15e641ab65a2\n\nhttps://medium.com/@hugonguyen/proof-of-stake-private-keys-attacks-and-unforgeable-costliness-the-unsung-hero-5caca70b01cb\n\n\nhttps://medium.com/@jimmysong/mining-centralization-scenarios-b74102adbd36\n\n-----------------\n\nFiat currency and PoS coins cost at least the same amount of resources to create , regulate and secure as Bitcoin.\n\nThere is an inescapable reality for any asset or currency that as it increases in value the production costs and costs to secure increase as well . This is demonstrated in the economic axiom: MC=MR\n\n“Rent” always forces production costs (MC) to always equal sale prices (MR)\n\nPoS currencies and fiat are simply more abstract and complex forms or Proof of Work that use more human involvement (which uses tremendous amounts of resources and has a tremendous environmental impact) as a PoW coin like Bitcoin. Humans instead of ASICs are shouldering more of the work to create, regulate , and secure each of those currencies; This is "work" whether it involves burning electricity directly or food and electricity that humans consume to perform their work. This is an inescapable economic reality. The more valuable something is the more it will cost to secure it because the more effort will be made to steal and or control it. This applies to any currency or asset.\n\nThis is also better understood with the dollar auction dilemma. In a hypothetical auction where a bidding war is fighting over the right to mint a 1 dollar bill how much do you think people will be willing to spend for this power ?\n\nProof of work is the most important innovation in Bitcoin and the real reason why blocks , in a blockchain, exist.\n\nThe key aspects as to why Proof of work is so important and cannot be replaced by PoS are:\n\n1) Fair Coin Distribution No scammy ICO , prem... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["(Reuters) - Bitcoin on Sunday dropped 1.54% to $19,804, slipping from the 20,000 mark after losing $310 from its previous close.\nThe world's biggest and best-known cryptocurrency is down 58.9% from the year's high of $48,234 on March 28.\nEther, the coin linked to the ethereum blockchain network, dropped 3.2 % to $1,422.1 on Sunday, losing $47 from its previous close.\n(Reporting by Rachna Dhanrajani in Bengaluru, Editing by William Maclean)", "(Reuters) - Bitcoin on Sunday dropped 1.54% to $19,804, slipping from the 20,000 mark after losing $310 from its previous close.\nThe world's biggest and best-known cryptocurrency is down 58.9% from the year's high of $48,234 on March 28.\nEther, the coin linked to the ethereum blockchain network, dropped 3.2 % to $1,422.1 on Sunday, losing $47 from its previous close.\n(Reporting by Rachna Dhanrajani in Bengaluru, Editing by William Maclean)", "(Reuters) - Bitcoin on Sunday dropped 1.54% to $19,804, slipping from the 20,000 mark after losing $310 from its previous close. The world's biggest and best-known cryptocurrency is down 58.9% from the year's high of $48,234 on March 28. Ether, the coin linked to the ethereum blockchain network, dropped 3.2 % to $1,422.1 on Sunday, losing $47 from its previous close. (Reporting by Rachna Dhanrajani in Bengaluru, Editing by William Maclean)", "The Merge has finally happened, and while bitcoin remains the preferred cryptocurrency of institutions (and one nation-state, El Salvador ), Ethereum’s new consensus mechanism – and the scalability that is supposed to go with it – may attract some interest away from its bigger, older brother as the biting cold of the crypto winter continues. Still, institutions may be hesitant to jump all in on ether just yet. One reason is regulatory uncertainty. U.S. Securities and Exchange Commission Chair Gary Gensler said proof-of-stake cryptocurrencies may be viewed as securities , though the regulator said he wasn’t talking about any specific coins. Nevertheless, his comments helped cause ether’s price to take a hit Thursday. Meanwhile, it seems that if there were any flows from bitcoin to ether, much of that was stanched with the onset of the Merge. You’re reading Crypto Long & Short , our weekly newsletter featuring insights, news and analysis for the professional investor. Sign up here to get it in your inbox every Sunday. At the start of the day – Sept. 15 – that the Merge happened, ether was trading for roughly 0.0817 BTC on Binance, according to data from TradingView. Fifteen hours later, it was changing hands at 0.0746 BTC and continued falling. Ethereum/Bitcoin price chart past five days (TradingView) Read more: The Ethereum Merge Is Done, Opening a New Era for the Second-Biggest Blockchain That’s a depressing chart, one may think. Except that’s only five days of data. Let’s step back and look at how ether has been trading against bitcoin since the early days of the former’s life. The Beacon Chain bottom and other ratios The Beacon Chain, with which Ethereum ultimately merged, was launched Dec. 1, 2020 . At the time, ether cost 0.0313 BTC. Thus, it has more than doubled in value since then. Ethereum/Bitcoin monthly chart (TradingView) Still, that doesn’t say anything about institutional interest. After all, prices can move based entirely on retail interest. Trying to gauge institutional interest may be a bit tricky. For instance, using futures volumes isn’t as clear as one may expect. We see that, on a ratio of dollar volume basis, ether futures have been regularly outpacing bitcoin futures since July, according to data from Skew.com , though it recently took a hit. Story continues ETH/BTC futures volume (TradingView) That doesn’t tell us much about institutions because some of the exchanges Skew uses for data cater to retail investors with high risk tolerance. There is at least one futures exchange, of course, that might be a good proxy for Wall Street’s interest and that’s the CME. The ratio of volumes between the two cryptocurrencies is way different: CME's ETH/BTC futures volumes (TradingView) The CME’s ratio of ether to bitcoin futures is decidedly all over the place, but it’s evident that dollar volumes for ether contracts on the CME have yet to surpass that of bitcoin futures contracts. Read more: Ethereum Merge Has Tied Ether Futures Activity to Staking Yields, Traders Say In the spot market, though, exchanges themselves can get a sense of the players interested in a currency. “In terms of the volume increase in ETH this week, it was actually led by institutions, and that’s a significant part of our exchange business,” said Bitstamp USA CEO Bobby Zagotta on CoinDesk TV’s “First Mover” program Friday. There was “about 56% increase in volume from institutions versus, I think, [a] 35% increase in volume from retail users.” A lot of that, Zagotta said, could be attributed to investors “selling the news” with the success of the Merge. Quiet before the rally? Meanwhile, ether’s drop in price didn’t just happen against bitcoin; it happened versus the U.S. dollar as well. Though the drop disappointed HODLers this past week, there are those who aren’t ruling out enormous upside down the road. Matthew Sigel, VanEck’s head of digital assets research, likens ether’s performance versus USD after the Merge to what happened to bitcoin after significant changes. “There are plenty of examples of big crypto developments, including bitcoin halvings, where the price traded in a range for weeks or months,” Sigel said on CoinDesk TV’s “First Mover” program Thursday . “It just takes one major stakeholder to make a decision to buy after some stability in the network. That can take days, weeks, months – who knows?” Read more: SEC’s Gensler Signals Extra Scrutiny for Proof-of-Stake Cryptocurrencies: Report Sigel, who has a five-year price target on ether of $8,000, noted four times as much ETH was staked on the Ethereum network in the six hours after the Merge than in the entire history of the Beacon Chain prior. “It seems pretty clear that those who are in the markets are now making the decision to commit and lock up that liquidity,” he said. “That’s probably a trend that will continue over time, so the early results are, I think, pretty encouraging notwithstanding the price action.”", 'The Merge has finally happened, and while bitcoin remains the preferred cryptocurrency of institutions (andone nation-state, El Salvador), Ethereum’s new consensus mechanism – and the scalability that is supposed to go with it – may attract some interest away from its bigger, older brother as the biting cold of the crypto winter continues.\nStill, institutions may be hesitant to jump all in on ether just yet. One reason is regulatory uncertainty. U.S. Securities and Exchange Commission Chair Gary Gensler said proof-of-stake cryptocurrenciesmay be viewed as securities, though the regulator said he wasn’t talking about any specific coins. Nevertheless, his comments helped cause ether’s price to take a hit Thursday.\nMeanwhile, it seems that if there were any flows from bitcoin to ether, much of that was stanched with the onset of the Merge.\nYou’re readingCrypto Long & Short, our weekly newsletter featuring insights, news and analysis for the professional investor.Sign up hereto get it in your inbox every Sunday.\nAt the start of the day – Sept. 15 – that the Merge happened, ether was trading for roughly 0.0817 BTC on Binance, according to data from TradingView. Fifteen hours later, it was changing hands at 0.0746 BTC and continued falling.\nRead more:The Ethereum Merge Is Done, Opening a New Era for the Second-Biggest Blockchain\nThat’s a depressing chart, one may think. Except that’s only five days of data.\nLet’s step back and look at how ether has been trading against bitcoin since the early days of the former’s life.\nTheBeacon Chain, with which Ethereum ultimately merged, was launched Dec. 1, 2020. At the time, ether cost 0.0313 BTC. Thus, it has more than doubled in value since then.\nStill, that doesn’t say anything about institutional interest. After all, prices can move based entirely on retail interest.\nTrying to gauge institutional interest may be a bit tricky. For instance, using futures volumes isn’t as clear as one may expect. We see that, on a ratio of dollar volume basis, ether futures have been regularly outpacing bitcoin futures since July, according to data fromSkew.com, though it recently took a hit.\nThat doesn’t tell us much about institutions because some of the exchanges Skew uses for data cater to retail investors with high risk tolerance.\nThere is at least one futures exchange, of course, that might be a good proxy for Wall Street’s interest and that’s the CME. The ratio of volumes between the two cryptocurrencies is way different:\nThe CME’s ratio of ether to bitcoin futures is decidedly all over the place, but it’s evident that dollar volumes for ether contracts on the CME have yet to surpass that of bitcoin futures contracts.\nRead more:Ethereum Merge Has Tied Ether Futures Activity to Staking Yields, Traders Say\nIn the spot market, though, exchanges themselves can get a sense of the players interested in a currency.\n“In terms of the volume increase in ETH this week, it was actually led by institutions, and that’s a significant part of our exchange business,” said Bitstamp USA CEO Bobby Zagotta on CoinDesk TV’s “First Mover” program Friday. There was “about 56% increase in volume from institutions versus, I think, [a] 35% increase in volume from retail users.”\nA lot of that, Zagotta said, could be attributed to investors “selling the news” with the success of the Merge.\nMeanwhile, ether’s drop in price didn’t just happen against bitcoin; it happened versus the U.S. dollar as well. Though the drop disappointed HODLers this past week, there are those who aren’t ruling out enormous upside down the road.\nMatthew Sigel, VanEck’s head of digital assets research, likens ether’s performance versu Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-09-18 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $382,699,417,500 - Hash Rate: 245319453.51292503 - Transaction Count: 212396.0 - Unique Addresses: 556563.0 Social & AI Sentiment: - Fear & Greed Index: 0.27 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Crypto exchange Coinbase (COIN) is adding what it calls nano ether futures contracts to its derivatives platform on Monday. "While still in its early stages, we believe that product innovation and an accessible entry point for the retail market have contributed to its success," Boris Ilyevsky, head of Coinbase’s derivatives exchange, said in a blog post Thursday . The addition of nano ether (ETH) futures comes just two months after Coinbase began offering nano bitcoin (BTC) futures to its retail clientele. “At 1/100th of bitcoin, our nano bitcoin futures contract requires less upfront capital, allowing participants to easily go long or short the price of bitcoin and manage risk in volatile markets,” he added. In addition to expanding retail derivative trading offerings, Coinbase's move also comes ahead of the Ethereum Merge as traders seek to make bets and manage risk around the event. Derivatives marketplace Chicago Mercantile Exchange (CME) recently said it plans to begin offering options for ether futures on Sept. 12. Read more: Coinbase Launches First Crypto Derivatives Product Aimed at Retail Traders... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['By Herbert Lash NEW YORK (Reuters) -The benchmark 10-year Treasury yield hit its highest in over a decade on Monday and the dollar strengthened as investors were on edge before an expected hefty Fed interest rate hike this week to tackle inflation. The 10-year\'s yield shot to 3.518%, its highest since April 2011, before backing off. The higher yield helped strengthen the dollar and made gold less attractive as concerns about the economy in light of higher rates cooled risk taking. But stocks on Wall Street rallied as hedge funds positioned themselves on the off-chance the Fed\'s tone is less onerous than markets expect when policymakers raise rates on Wednesday, said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles. "There\'s positioning going on just in case there\'s something that comes out of the Fed that proves to be less hawkish. I don\'t think anyone is predicting that\'s going to happen," he said. "The majority of people are in the negative camp right now." Stock trading on Wall Street and in Europe was choppy for most of the session as central banks around the world were expected to increase borrowing costs this week and slow economic growth. FedEx Corp\'s warning last week of a global demand slowdown has weighed on U.S. equities as investors reassess stock valuations, said King Lip, chief investment strategist at Baker Avenue Asset Management in San Francisco. "Our biggest concern now, and the reason why you\'re seeing such choppiness in the market today, is that there\'s more uncertainty about earnings now, in addition to the concern over rate hikes," Lip said. "We may be going in for a hard landing rather than a soft landing and the hard landing being the Fed perhaps over-tightening in a situation where we\'re already seeing the economy decelerate," he said. Wall Street rallied in thin, late trading. The Dow Jones Industrial Average rose 0.64%, the S&P 500 gained 0.69% and the Nasdaq Composite added 0.76%. Earlier in Europe, the broad STOXX 600 index closed down 0.09% and MSCI\'s U.S.-centric all-country world index gained 0.38%. Overnight in Asia stocks lost ground. Investors heard a hawkish message from Fed Chairman Jerome Powell at the Jackson Hole banking symposium in August, but then remained in denial until it became clear inflation was stubbornly high, said George Goncalves, head of U.S. macro strategy at MUFG Securities Americas Inc in New York. After the past three Fed meetings, there have been relief rallies in bonds and equities as markets interpreted Powell as being dovish. But a rally this time is unlikely when policymakers conclude a two-day meeting on Wednesday, he said. Story continues "People are wising up to the fact that the Fed means business," he said. "The only way to contain this inflation is to get ahead of it, and they\'re still behind the curve. Peak hawkishness is getting closer, but we\'re not there yet." Markets are pricing in a 75 basis points hike, with futures showing an 18% chance of a full percentage point increase on Wednesday, according to CME\'s FedWatch Tool. Markets also indicate a real chance that rates could hit 4.5% by March as the Fed is forced to tip the economy into a recession to subdue inflation. The two-year yield, a barometer of future inflation expectations, climbed to a fresh almost 15-year high of 3.970%. European government bond yields also rose. [GVD/EUR] TIGHTENING TIME Most of the central banks meeting this week - from Switzerland to South Africa - are expected to hike, with markets split on whether the Bank of England will move by 50 or 75 basis points. But China\'s central bank cut a repo rate by 10 basis points to support its ailing economy. Chinese blue chips still finished 0.1% lower. The other exception is the Bank of Japan, also due to meet this week, and which has shown no sign of abandoning its ultra-easy yield curve policy despite a drastic slide in the yen. Trading was thin in Britain as markets were closed in observance of the state funeral of Queen Elizabeth. The dollar rose 0.21% against the yen, backing off from the 24-year peak of 144.99 two weeks ago amid increasingly strident intervention warnings from Japanese policymakers. The dollar index rose 0.055%, with the euro up 0.06% to $1.0021. Oil prices edged up in volatile trading as worries of tight supplies outweighed fears that global demand could slow due to a strong dollar and possibly large rate increases. Brent settled up 65 cents at $92.00 a barrel, while U.S. crude rose 62 cents to settle at $85.73. U.S. gold futures settled 0.3% lower at $1,678.20 an ounce. Bitcoin, which also moves in line with investors\' risk appetite, hit a three-month low of $18,271 but later rebounded, up 0.22% to $19,461.00. (Reporting by Herbert Lash, additional reporting by Alun John in London; Editing by Catherine Evans and Nick Zieminski) View comments', 'By Herbert Lash NEW YORK (Reuters) -The benchmark 10-year Treasury yield hit its highest in over a decade on Monday and the dollar strengthened as investors were on edge before an expected hefty Fed interest rate hike this week to tackle inflation. The 10-year\'s yield shot to 3.518%, its highest since April 2011, before backing off. The higher yield helped strengthen the dollar and made gold less attractive as concerns about the economy in light of higher rates cooled risk taking. But stocks on Wall Street rallied as hedge funds positioned themselves on the off-chance the Fed\'s tone is less onerous than markets expect when policymakers raise rates on Wednesday, said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles. "There\'s positioning going on just in case there\'s something that comes out of the Fed that proves to be less hawkish. I don\'t think anyone is predicting that\'s going to happen," he said. "The majority of people are in the negative camp right now." Stock trading on Wall Street and in Europe was choppy for most of the session as central banks around the world were expected to increase borrowing costs this week and slow economic growth. FedEx Corp\'s warning last week of a global demand slowdown has weighed on U.S. equities as investors reassess stock valuations, said King Lip, chief investment strategist at Baker Avenue Asset Management in San Francisco. "Our biggest concern now, and the reason why you\'re seeing such choppiness in the market today, is that there\'s more uncertainty about earnings now, in addition to the concern over rate hikes," Lip said. "We may be going in for a hard landing rather than a soft landing and the hard landing being the Fed perhaps over-tightening in a situation where we\'re already seeing the economy decelerate," he said. Wall Street rallied in thin, late trading. The Dow Jones Industrial Average rose 0.64%, the S&P 500 gained 0.69% and the Nasdaq Composite added 0.76%. Earlier in Europe, the broad STOXX 600 index closed down 0.09% and MSCI\'s U.S.-centric all-country world index gained 0.38%. Overnight in Asia stocks lost ground. Investors heard a hawkish message from Fed Chairman Jerome Powell at the Jackson Hole banking symposium in August, but then remained in denial until it became clear inflation was stubbornly high, said George Goncalves, head of U.S. macro strategy at MUFG Securities Americas Inc in New York. After the past three Fed meetings, there have been relief rallies in bonds and equities as markets interpreted Powell as being dovish. But a rally this time is unlikely when policymakers conclude a two-day meeting on Wednesday, he said. Story continues "People are wising up to the fact that the Fed means business," he said. "The only way to contain this inflation is to get ahead of it, and they\'re still behind the curve. Peak hawkishness is getting closer, but we\'re not there yet." Markets are pricing in a 75 basis points hike, with futures showing an 18% chance of a full percentage point increase on Wednesday, according to CME\'s FedWatch Tool. Markets also indicate a real chance that rates could hit 4.5% by March as the Fed is forced to tip the economy into a recession to subdue inflation. The two-year yield, a barometer of future inflation expectations, climbed to a fresh almost 15-year high of 3.970%. European government bond yields also rose. [GVD/EUR] TIGHTENING TIME Most of the central banks meeting this week - from Switzerland to South Africa - are expected to hike, with markets split on whether the Bank of England will move by 50 or 75 basis points. But China\'s central bank cut a repo rate by 10 basis points to support its ailing economy. Chinese blue chips still finished 0.1% lower. The other exception is the Bank of Japan, also due to meet this week, and which has shown no sign of abandoning its ultra-easy yield curve policy despite a drastic slide in the yen. Trading was thin in Britain as markets were closed in observance of the state funeral of Queen Elizabeth. The dollar rose 0.21% against the yen, backing off from the 24-year peak of 144.99 two weeks ago amid increasingly strident intervention warnings from Japanese policymakers. The dollar index rose 0.055%, with the euro up 0.06% to $1.0021. Oil prices edged up in volatile trading as worries of tight supplies outweighed fears that global demand could slow due to a strong dollar and possibly large rate increases. Brent settled up 65 cents at $92.00 a barrel, while U.S. crude rose 62 cents to settle at $85.73. U.S. gold futures settled 0.3% lower at $1,678.20 an ounce. Bitcoin, which also moves in line with investors\' risk appetite, hit a three-month low of $18,271 but later rebounded, up 0.22% to $19,461.00. (Reporting by Herbert Lash, additional reporting by Alun John in London; Editing by Catherine Evans and Nick Zieminski) View comments', 'Good morning. Here’s what’s happening: Prices: Ether sinks to its lowest level since July; bitcoin and major altcoins tumble as investors await the latest U.S. central bank interest rate dec Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-09-19 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $354,088,348,555 - Hash Rate: 207087850.3680536 - Transaction Count: 253795.0 - Unique Addresses: 631537.0 Social & AI Sentiment: - Fear & Greed Index: 0.21 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Blockchain is a system of records that manages and tracks transactions carried out using Bitcoin and other kinds of cryptocurrency. Each part of the blockchain contains transaction data as well as a timestamp, which cannot be altered by nature. Blockchain is a distributed ledger that holds data without the need for a central authority. It can be used for a variety of purposes, including integrity management, digital currency, and foreign exchange transfer. Presently Blockchain is extensively used in the manufacturing industry for supply chain management, digital product memory, Internet of Things, Industry 4.0 applications, 3D printing, and other applications. Jersey City, New Jersey, Sept. 07, 2022 (GLOBE NEWSWIRE) -- Verified Market Research recently published a report, “Blockchain In Manufacturing Market” By Application (Asset Tracking and Management, Real-Time Workforce Tracking and Management), By Vertical (Aerospace and Defense, Energy & Power, Automotive), and By Geography. According to Verified Market Research, the Blockchain In Manufacturing Market size was worth USD 40.0 Million in 2021 and is expected to generate a revenue of USD 766.2 Million in 2030, growing at a CAGR of 80.0% during the forecast period i.e. 2022-2030. Download PDF Brochure:https://www.verifiedmarketresearch.com/download-sample/?rid=4202 Browse in-depth TOCon“Blockchain In Manufacturing Market” 202 - Pages 126 – Tables 37 – Figures Global Blockchain In Manufacturing Market Overview Blockchain technology can be utilized to provide better visibility, scalability, and security when resources, goods, parts, and money are traded along the manufacturing industry supply chain. The market is expected to rise due to the growing demand from the energy and electricity sectors, as well as the industrial sector. Increasing worldwide energy demand motivates energy and power firms to explore blockchain solutions that can help them improve productivity while reducing maintenance and downtime. The global blockchain in manufacturing market is expected to increase due to the incorruptible nature of the blockchain, as well as the expanding number of applications that use it. Raising venture capital funds and investments in various blockchain technologies are also critical to market expansion. Other notable drivers pushing the blockchain in the manufacturing sector are the increased demand for greater supply chain transaction security, lower operating costs, and the growing use of blockchain technology in retail and supply chain management. Key Developments • In December 2020, using the IBM Blockchain Transparent Supply (BTS) platform, IBM Research developed a solution for the textile industry. It allows customers to trace the full fabric manufacturing process, from raw material receipt to cleaning, spinning, weaving, quality control, distribution, and sales. Key Players The major players in the market are IBM Corporation, Intel Corporation, Microsoft Corporation, Amazon.Com, Inc., Nvidia Corporation, Advanced Micro Devices, Factom, Wipro Limited, Oracle and Xain AG and among others. Verified Market Research has segmented the Global Blockchain In Manufacturing Market On the basis of Application, Vertical, and Geography. • Blockchain In Manufacturing Market, By ApplicationAsset Tracking and ManagementReal-Time Workforce Tracking and ManagementQuality Control and CompliancePredictive MaintenanceLogistics and Supply Chain ManagementBusiness Process OptimizationCounterfeit Management • Blockchain In Manufacturing Market, By VerticalAerospace and DefenseEnergy & PowerAutomotivePharmaceuticalsFood & BeveragesIndustrialTextile • Blockchain In Manufacturing Market, by GeographyNorth AmericaU.SCanadaMexicoEuropeGermanyFranceU.KRest of EuropeAsia PacificChinaJapanIndiaRest of Asia PacificROWMiddle East & AfricaLatin America Browse Related Reports: Blockchain MarketBy Providers (Application Providers, Middleware Providers), By Application (Supply Chain Management, Exchanges, Digital Identity), By Vertical (Travel And Hospitality, Healthcare And Life Sciences), By Geography, Forecast, 2021-2028 Blockchain In Metals And Mining MarketBy Type (Public Blockchain, Private Blockchain), By Application (Metal Industry, Mining Industry), By Geography, Forecast, 2021-2028 Smart Contracts MarketBy Blockchain Platform (Bitcoin Ethereum, NXT, and Sidechains), By Technology (Ethereum, Namecoin, Ripple), By End-User (Automobile, Government, Supply Chain Management), By Geography, Forecast, 2021-2028 Blockchain In Logistics MarketBy Product (Public Blockchain, Private Blockchain, Others), By Application (Marketing and Advertising, Healthcare, Others) By Geography, Forecast, 2021-2028 Top 5 Blockchain Supplychain Companiesmanaging supply chains with unique technology Visualize Blockchain In Manufacturing Market using Verified Market Intelligence -: Verified Market Intelligenceis ourBI Enabled Platformfor narrative storytelling in this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a brilliant future. VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market. About Us Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information-enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals, and critical revenue decisions. 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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening:\nPrices:Bitcoin, ether and other major cryptos see-saw as the next FOMC meeting nears.\nInsights:Where is Terraform Labs co-founder Do Kwon? Taiwan is an unlikely hideout, and extraditions can be complicated.\nCatch the latest episodes ofCoinDesk TVfor insightful interviews with crypto industry leaders and analysis. Andsign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context.\n●Bitcoin (BTC): $19,554+0.8%\n●Ether (ETH): $1,378+3.4%\n●CoinDesk Market Index (CMI): $966+1.4%\n●S&P 500 daily close: 3,899.89+0.7%\n●Gold: $1,684 per troy ounce+0.7%\n●Ten-year Treasury yield daily close: 3.49%+0.04\nBitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found atcoindesk.com/indices.\nCryptos Dip Early and Then Rise\nBy James Rubin\nCryptos seesawed in Monday trading, ultimately regaining ground after dipping sharply earlier in the day.\nBitcoin was recently trading above $19,500, slightly above where it stood 24 hours earlier, although more than 6% higher than its low toward the close of Asian equity markets. The largest cryptocurrency by market capitalization had sunk to a three-month low under $18,400 as investors during Asia and Europe trading hours sent most risk assets lower amid heightened recessionary fears.\n"Not only just cryptocurrencies but also all risk assets in general are being sold off in anticipation for the pending ... worldwide recession," Adam See, senior vice president and head of digital assets at Global X ETFs, told CoinDesk TV\'s "First Mover" program.\nEther was recently changing hands just under $1,400, a more than 3% gain from the previous day and up more than 8% from its perch under $1,300 early Monday. The second-largest crypto in market value had dropped to its lowest level since July.\nMost other major cryptos were in the green after climbing over the course of the day with XRP and SOL each recently up more than 4% and ALGO rising over 7%. Among the biggest losers, TRX and UNI were both off approximately a percentage point.\nStocks\nCrypto prices tracked equity indexes, continuing a trend they have largely followed this year, with the tech heavy Nasdaq, S&P 500 and Dow Jones Industrial Average (DJIA) each climbing the better part of a percentage point. The gains followed the Nasdaq and S&P\'s worst weeks since June and came as the yields on 10-year and more interest-rate responsive two-year yields reached heights not seen for well over a decade. Crypto prices typically move in the opposite direction of yields.\nThe National Association of Home Builders/Wells Fargo Housing Market Index declined three points to 46, a ninth consecutive monthly drop that offered the latest evidence of the once hot housing market\'s cooling. The index measures building activity. Investors will be scrutinizing the release of housing starts on Tuesday and the U.S. central bank\'s decision on its next interest rate hike later in the week. The Federal Reserve is widely expected to continue its monetary hawkishness by boosting the rate by 75 basis points for a third straight time.\n"I think 75 is probably the right number in terms of the Fed interest rate hike, Global X ETF\'s See said, although he added that Fed Chair Jerome Powell\'s comments about how he views the market place\'s "would be really telling."\nSee said the Fed\'s aggressiveness suggested that "we are probably in the middle innings of a recession, hopefully toward the later end." But he also noted optimistically that the "crypto winter feels different," highlighting "strong venture capital funding flowing into crypto and Web3 companies" and TradFi companies\' soaring interest in the digital asset space."\n"There\'s a lot of compelling development within this crypto winter," he said.\nMeanwhile, as CoinDeskreported, despiteMergehype, investors remained cautious on the blockchain’s native tokenETH. Investment products tied to ETH saw a fourth straight week of outflows in the period ended Sept. 16, with the amount removed exceeding new money added by $15.4 million, according to CoinShares.\nIn a Monday newsletter, Jeff Dorman, chief investment officer for asset manager Arca, called ether\'s recent, steep price decline "surprising, but not entirely unexpected."\n"Ultimately, it appears the Merge itself did not immediately attract new buy interest, or new buyers are about to get a nice discount courtesy of momentum traders with itchy trigger fingers," Dorman wrote but added: "Long ETH for the next six to 12 months as ETH benefits from being the most pure play blockchain investment and because it\'s just simple math."\n[{"Asset": "XRP", "Ticker": "XRP", "Returns": "+8.5%", "DACS Sector": "Currency"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+7.0%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "+6.1%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Chainlink", "Ticker": "LINK", "Returns": "\\u22122.6%", "DACS Sector": "Computing"}, {"Asset": "Polkadot", "Ticker": "DOT", "Returns": "\\u22120.7%", "DACS Sector": "Smart Contract Platform"}]\nThe Mysterious Whereabouts of Do Kwon and the Complications of Extradition\nBy Sam Reynolds\nTaiwan has a government, clearly defined territory, a currency, a national language, and a military; but because of pressure from the People’s Republic of China, it’s excluded from most of the world’s international organizations, including the United Nations, World Health Organization, International Civil Aviation Organization and Interpol.\nNow one might think, if a country is excluded from Interpol, it might be a nice place to hide out if you have an Interpol"red notice" attached to your name, as Do Kwon, the co-founder of Terraform Labs may have after South Korean prosecutors asked the international police organization to apply the tag to Kwon.\nSouth Korea hasextradition treatieswith 31 countries worldwide, but there are 195 members of Interpol. Even if Kwon is in a country that doesn’t have a formal extradition treaty with South Korea, “extradition is possible based on a guarantee of reciprocity from the requesting state that it will accept extradition requests from Korea for identical or similar offenses,” according to a briefing note prepared on the topic by Korean lawyerspublished by consultancy GIR Insight.\nThe latest episode in the Terra saga highlights not only the options Korean authorities may have to take Kwon into custody but also the challenges of extradition. Since launching its International Fugitive Round-Up and Arrest (INFRA) program in 2009, Interpol operations have led to the location or arrest of about 1,000 fugitives, according to the law enforcement agency’s website, but international relationships with law enforcement issues can be complicated.\nIn a tweet, Kwoninsistedthat he was not "on the run."\nTaiwan is cooperative\nDespite Taiwan’s exclusion from Interpol, authorities there have shown great interest in international cooperation on judicial matters and mutual legal assistance by signing agreements withmany countriesworldwide. South Korea isn’t on the list, but it has an agreement on the “exchange of judicial materials” with Taiwan.\nLocally, the government hasupdated its extradition lawsto align with international practices. Thelaw saysthat Taiwan can refuse extradition requests on limited grounds including: “risks to Taiwan\'s sovereignty, national security, public order, or international reputation.”\nA previous case\nPerhaps the mostfamous caseof Taiwanese authorities working with international counterparts involves another tech scofflaw: Cody Wilson, the first person to create a 3D-printed gun.\nWilson’s claim to fameinvolved selling the files– not the gun itself – to print these weapons, and has had moderate success defending himself under the principle of code-is-speech before eventuallyreaching a settlementin 2018 that allowed the continued sale of these files.\nBut shortly after the settlement, Wilsonwas a wanted manon charges of soliciting a prostitute who was underage. Wilson’s passport was quickly canceled, and authorities in Taiwan arrested him on grounds of unlawful immigration status and delivered him to U.S. Marshals waiting at the Taipei airport. Back in the U.S., Wilson laterpleaded guilty to a lesser charge.\nSince then there have been many otherlower-profile cases of extradition, but they have not been tied up in court or disregarded because of a lack of a treaty.\nAside from Taiwan, another place Kwon might be lying low is Palau, which is alsonot a member of Interpol.\nBinance CEO Changpeng Zhao is said to be afrequent visitor to the island country, as Binance helpedset up its Digital ID initiative. Zhao is nofan of Kwon or Terra, but it would certainly be amusing if they were neighbors.\nU.S. Federal Open Market Committee meetingto discuss potential interest rate increase\n9:30 a.m. HKT/SGT(1:30 a.m. UTC):People\'s Bank of China interest rate decision\n8:30 p.m. H1HKT/SGT(12:30 p.m. UTC):U.S. housing starts(Aug./MoM)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nCrypto Market Sell-Off Sends Bitcoin Below $19K Ahead of Upcoming Fed Decision\nBitcoin, ether and the broader crypto market take a big hit once more as investors expect the Federal Reserve to raise interest rates again this week. Adam Sze of Global X ETFs shared his crypto markets outlook. And Rep. Jim Himes (D-Conn.), speaking with CoinDesk\'s Nikhilesh De, discusses the "notable momentum" he sees in crypto regulation in Washington.\nGoldman\'s Bullish Stance on \'Real Bond Yield\' Spells Bad News for Crypto:Real yields turned positive early early this year, removing the punch bowl that lubricated the party in risky assets, including cryptoc Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-09-20 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $371,516,432,948 - Hash Rate: 242133486.5841857 - Transaction Count: 269773.0 - Unique Addresses: 650202.0 Social & AI Sentiment: - Fear & Greed Index: 0.23 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: * Europe's STOXX and U.S. futures edge up slightly * Markets await U.S. CPI report at 1230 GMT * Economists expect 8.7% U.S. inflation -Reuters poll By Lawrence White LONDON, Aug 10 (Reuters) - Stocks and bonds steadied on Wednesday, while the dollar edged lower ahead of U.S. inflation data that could give clues to the Federal Reserve's appetite for more aggressive rate rises. The Consumer Price Index (CPI) report will be released at 1230 GMT, with markets watching for signs that inflation eased in July despite unexpectedly strong U.S. jobs numbers last week. The market is pricing in a 69.5% chance of a 75 basis point rate increase at the Fed's next meeting. Economists polled by Reuters expect the CPI to show year-on-year headline inflation of 8.7%, far above the Fed's target of 2% but down from last month's red-hot 9.1%. Europe's benchmark STOXX index edged up 0.08%, after a 1% fall in the MSCI's broadest index of Asia-Pacific shares outside Japan as Chinese inflation data pointed to prices rising 2.7% in July, below expectations. "I don’t think that we are through the bear market woods yet – recession risks loom and I don’t think the Fed is done with its aggressive belt tightening," said David Chao, a global market strategist for Asia Pacific ex-Japan at Invesco. "I don’t think markets have fully discounted these variables. This week’s inflation data will certainly give us more clarity of the Fed’s near-term policy outlook." U.S. markets looked set to open broadly flat, with S&P 500 futures up 0.18% as investors awaited the key data. "Today’s inflation data follows a strong US jobs report last week, that slightly eases fears of a near-term recession, but suggests the economy’s still in need of some cooling," said Matt Britzman, equity analyst at Hargreaves Lansdown. ECB HIKE The dollar edged down, showing signs of resuming a retreat that began in the middle of July. The dollar index, which measures the greenback against six major peers, was down 0.24% at 106.1, possibly hinting at weaker CPI expectations. Story continues Euro zone bond yields crept lower as Refinitiv data showed traders pricing in a second consecutive 50 basis-point hike from the European Central Bank at its September meeting. Money markets in the bloc are now pricing in a 100% chance of a 50 basis-point hike from the ECB next month, up from 95% on Tuesday and around a 50% chance last week, the data showed. Germany's 10-year government bond yield DE10YT=RR was down 2 basis points at 0.904%.. Analysts noted the U.S. data due Wednesday represent a lagging indicator that might not yet show inflation softening, and yield curves could flatten or invert further. A flattening yield curve is usually seen as a sign of an economic slowdown and inversions as predictors of recessions. As measured by the gap between two- and 10-year yields, the U.S. curve is deeply inverted at below minus 40 bps. Oil prices fell after industry data showed U.S. crude inventories unexpectedly rose last week, signalling a possible hiccup in demand. Brent crude futures fell $1.22 to $95.13 a barrel, while U.S. West Texas Intermediate (WTI) crude was down $1.25 cents to $89.27. Gold also pared gains and was down 0.26% at $1,789.5 an ounce. It briefly broke through the $1,800 barrier overnight for the first time in more than a month. Bitcoin, which often tracks tech stocks, fell 0.25% to $23,082. (Reporting by Lawrence White and Sam Byford; Additional reporting by Sujata Rao; Editing by Lincoln Feast, Robert Birsel and Alexander Smith)... - Reddit Posts (Sample): [['u/muybienfrutas', 'Just sayin', 115, '2022-09-20 00:28', 'https://www.reddit.com/r/Monero/comments/xiqv0f/just_sayin/', 'Bitcoin is no better than a CBDC, it just seems sexier and different to the ill informed.\n\nIt’s not censorship resistant, it facilitates censorship perfectly.\n\nIt’s not private, it’s open for all to see.\n\nIt’s not fungible, virgin Bitcoin and tainted Bitcoin exist due to this fact.\n\nBitcoin is fundamentally flawed.\n\nMonero by design, avoids all these pitfalls and does so with smooth brilliance.\n\nMonero is truly private, anonymous, fungible money and it’s ready to use out of the box right now, no future promises required.\n\nMonero is money and dare I say, the greatest money in existence.\n\nUse it.', 'https://www.reddit.com/r/Monero/comments/xiqv0f/just_sayin/', 'xiqv0f', [['u/OfWhomIAmChief', 34, '2022-09-20 00:44', 'https://www.reddit.com/r/Monero/comments/xiqv0f/just_sayin/ip4hph5/', 'Preaching to the choir my friend however I still love reading it lol', 'xiqv0f'], ['u/bawdyanarchist', 15, '2022-09-20 01:30', 'https://www.reddit.com/r/Monero/comments/xiqv0f/just_sayin/ip4nl4b/', 'One of the first things that Hal Finney said about Bitcoin, was trying to find ways to make it more private. Satoshi was also significantly bothered by the lack of privacy.', 'xiqv0f'], ['u/muybienfrutas', 13, '2022-09-20 01:56', 'https://www.reddit.com/r/Monero/comments/xiqv0f/just_sayin/ip4qyta/', 'I posted this on r/cryptocurrency 🫡', 'xiqv0f'], ['u/couchguitar', 17, '2022-09-20 01:59', 'https://www.reddit.com/r/Monero/comments/xiqv0f/just_sayin/ip4rc78/', "Monero was built on the shoulders of giants. Thats why its awesome 👌 BTC is the grand papi of it all and while it has set backs, its altruistic philisophy of decentralization and trust-lessness embodies a new hope for a fairer world. We dont see as much in the First World, but in places like Turkey and Lebanon, its literally saving the lives of people suffering from hyperinflation. \n\nMonero isn't doing this yet. Totally could if it wanted too, but adoption is not near that of the BTC yet. CBDCs are in my opinion just chains to enslave the Cryptoverse. Resist using TradFi utilities in the cryptoverse, they want to control DeFi and take away our freedoms and our potential to gain digital wealth", 'xiqv0f'], ['u/aknalid', 15, '2022-09-20 02:17', 'https://www.reddit.com/r/Monero/comments/xiqv0f/just_sayin/ip4tir6/', ">Preaching to the choir my friend however I still love reading it lol\n\nGimme summa dat confirmation bias too.\n\nLet's share it haha", 'xiqv0f'], ['u/krevdditn', 11, '2022-09-20 02:40', 'https://www.reddit.com/r/Monero/comments/xiqv0f/just_sayin/ip4wi34/', 'how does someone acquire this monero without anyone finding out and without being scammed in the process?', 'xiqv0f'], ['u/No_Industry9653', 13, '2022-09-20 02:54', 'https://www.reddit.com/r/Monero/comments/xiqv0f/just_sayin/ip4ya0e/', 'I think you are underestimating how bad CBDCs are. Even with all your criticisms of BTC being absolutely correct, they are still much worse.', 'xiqv0f'], ['u/wallabrush99', 12, '2022-09-20 07:15', 'https://www.reddit.com/r/Monero/comments/xiqv0f/just_sayin/ip5rea1/', 'Without anyone finding out.. well, theft or mining! \n\nNo but seriously, sites like shapeshift.ai makes it easy to swap with many coins. Or just trade and withdraw on centralized exchange like kucoin if you dont want to risk being scammed. \n\n\nFor non-kyc buying with fiat i recommend lolcalmonero.co or Bisq', 'xiqv0f']]], ['u/808chewbear', 'Coinbase blocked my account with $thousands in bitcoin after I moved to Hawaii', 47, '2022-09-20 03:43', 'https://www.reddit.com/r/CoinBase/comments/xivgjq/coinbase_blocked_my_account_with_thousands_in/', 'I lived in CA when I opened my coinbase account, and then moved to Hawaii couple years back not knowing that coinbase could not operate in Hawaii. a few weeks ago my coinbase account was restricted because I uploaded a HI state id for acct verification, again not knowing that coinbase can\'t work here. The restricted account would only allow access to exit the bitcoin to an external wallet. Frustrating, but fine, I get it...\n\nA few weeks later, I get another wallet and ready to move the bitcoin out, I try to login, and I get a "blocked" message, so I can\'t now even get into the restricted functionality to exit my funds. I had a few phone calls with support and they escalated, but the email message I got was to:\n\n"It appears that you reside in a state without access to Coinbase services. If your state of residence needs to be corrected, please provide a full copy of a bank statement or utility bill that shows your name and current residential address, dated within 30 days."\n\nNot sure they get that I am just trying to move my bitcoin out at this point, so that I can close my account.\n\nMy Case #13112287, hopefully will see a response from Coinbase to my post here or my emails back to them.\n\nUpdate Sep 26, 2022 - No Progress! After nearly a week after I uploaded documentation with my current HI address along with a note explaining above, there was no acknowledgement of what I sent, any reference to the functionality I was provided before my account was blocked, or when said functionality would be made available again with my account unblocked.... only the same generic / robo email I got before:\n\nThanks for contacting us.\n\nIt appears that you reside in a state without access to Coinbase services. If your state of residence needs to be corrected, please provide a full copy of a bank statement or utility bill that shows your name and current residential address, dated within 30 days.\n\nYou can upload this document through our secure file transfer portal using the same email address registered on the account, please see: \\[link removed\\]\n\nWe recommend using a Google Chrome desktop browser rather than a mobile browser. After you complete the upload, we will proceed with your verification and contact you with next steps.\n\nRegards,Coinbase Support\\\\📷\n\nu/coinbasesupport can you please help here and escalate? Clearly this is not a helpful response. Disappointing and frustrating.', 'https://www.reddit.com/r/CoinBase/comments/xivgjq/coinbase_blocked_my_account_with_thousands_in/', 'xivgjq', [['u/Kiwip0rn', 26, '2022-09-20 03:56', 'https://www.reddit.com/r/CoinBase/comments/xivgjq/coinbase_blocked_my_account_with_thousands_in/ip56dj7/', "They will allow access to transfer out to a different Wallet when the right Customer Support person gets ahold of your case. \n\nMeanwhile! Start pounding the State's Legislature and authorities to allow Coinbase for its citizens like the other 49 states. It is ridiculous that whatever the problem is, has continued, at least make it overly, supid, difficult like NY.", 'xivgjq']]], ['u/MaximumSandwich5', '"If I put our reserves in Bitcoin, please put me in Kamiti (a maximum security prison) and throw away the key because I\'ll be out of my mind." says Patrick Njoroge - Governer of the Central Bank of Kenya', 52, '2022-09-20 03:59', 'https://www.reddit.com/r/CryptoCurrency/comments/xivtl8/if_i_put_our_reserves_in_bitcoin_please_put_me_in/', "Patrick Njoroge, said through a now-viral tweet that he should be put in a maximum security prison if he ever poured his country's reserves into bitcoin. He is a Kenyan economist, banker and the ninth governor of the Central Bank of Kenya.\n\n> I can assure you that I have a lot of people who have been pushing me to put our reserves in bitcoin. If I do that, please put me in Kamiti and throw away the key because I’ll be out of my mind.\n\nhttps://twitter.com/Kenyans/status/1571873114262224898?t=8IGTr4DbAMKRReVokM1mTQ&s=19", 'https://www.reddit.com/r/CryptoCurrency/comments/xivtl8/if_i_put_our_reserves_in_bitcoin_please_put_me_in/', 'xivtl8', [['u/Blockchain_Benny', 14, '2022-09-20 04:07', 'https://www.reddit.com/r/CryptoCurrency/comments/xivtl8/if_i_put_our_reserves_in_bitcoin_please_put_me_in/ip57s44/', 'Obviously it’s only possible to either put none of the reserves into bitcoin or all of them into bitcoin', 'xivtl8'], ['u/Apelcina', 55, '2022-09-20 04:21', 'https://www.reddit.com/r/CryptoCurrency/comments/xivtl8/if_i_put_our_reserves_in_bitcoin_please_put_me_in/ip59hbp/', 'He’ll fomo at the top', 'xivtl8'], ['u/reddito321', 11, '2022-09-20 04:27', 'https://www.reddit.com/r/CryptoCurrency/comments/xivtl8/if_i_put_our_reserves_in_bitcoin_please_put_me_in/ip5a8ls/', 'He would change his mind after leaving jail and being 100%+ in profit lmaoo', 'xivtl8'], ['u/SmallReflection2552', 12, '2022-09-20 04:38', 'https://www.reddit.com/r/CryptoCurrency/comments/xivtl8/if_i_put_our_reserves_in_bitcoin_please_put_me_in/ip5bmq9/', "It probably would be a bad idea. You don't have to be a Kenyan Economist to figure that out.", 'xivtl8'], ['u/carax01', 14, '2022-09-20 05:56', 'https://www.reddit.com/r/CryptoCurrency/comments/xivtl8/if_i_put_our_reserves_in_bitcoin_please_put_me_in/ip5kb47/', 'Not your keys, not your prison.', 'xivtl8'], ['u/Electrical_Potato_21', 31, '2022-09-20 06:57', 'https://www.reddit.com/r/CryptoCurrency/comments/xivtl8/if_i_put_our_reserves_in_bitcoin_please_put_me_in/ip5pv8u/', 'If you look at the subtext, the man is definitely saying "Lock me up for a forced hodl, for I fear I have paper hands."', 'xivtl8']]], ['u/GemStateStacker', 'Being a Mod in this sub', 391, '2022-09-20 04:07', 'https://www.reddit.com/r/SafeMoon/comments/xivzuq/being_a_mod_in_this_sub/', 'A little over a month ago I was asked if I wanted to be a mod. I like Reddit and am active in a handful of subs, so I thought why not give it a try. I was here before ATH and I’ve been here all along the way; sometimes spending way too much time reading posts and being semi active in responding. Hell I even went to the first Cryptopia and chatted with John and spent about 30 mins talking with Ryan (posted a pic a long time ago about that).\n\nI said yes becaus... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['TORONTO, Sept. 20, 2022 (GLOBE NEWSWIRE) -- Purpose Investments Inc. (“Purpose”) is pleased to announce distributions for the month of September 2022 for its open-end exchange traded funds and closed-end funds (“the Funds”).\nThe ex-distribution date for all ETFs is September 27, 2022, with the exception of Purpose Bitcoin Yield ETF and Purpose Ether Yield ETF, which will have an ex-distribution date of September 28, 2022, as well as Purpose High Interest Savings ETF and Purpose US Cash Fund, which have an ex-distribution date of September 29, 2022. The ex-distribution date for all closed-end funds is September 28, 2022.\n[{"Open-End Funds": "Purpose Core Dividend Fund - ETF Series", "Ticker Symbol": "PDF", "Distribution per share/unit": "$0.10501", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Enhanced Dividend Fund \\u2013 ETF Series", "Ticker Symbol": "PDIV", "Distribution per share/unit": "$0.05221", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Total Return Bond Fund - ETF Series", "Ticker Symbol": "PBD", "Distribution per share/unit": "$0.05201", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Real Estate Income Fund \\u2013 ETF Series", "Ticker Symbol": "PHR", "Distribution per share/unit": "$0.07201", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Monthly Income Fund - ETF Series", "Ticker Symbol": "PIN", "Distribution per share/unit": "$0.08301", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Premium Yield Fund \\u2013 ETF Series", "Ticker Symbol": "PYF", "Distribution per share/unit": "$0.08301", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Premium Yield Fund Non-Currency Hedged USD \\u2013 ETF Series", "Ticker Symbol": "PYF.U", "Distribution per share/unit": "US $ 0.08851", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Premium Yield Fund Non-Currency Hedged \\u2013 ETF Series", "Ticker Symbol": "PYF.B", "Distribution per share/unit": "$0.08851", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Canadian Financial Income Fund \\u2013 ETF Series", "Ticker Symbol": "BNC", "Distribution per share/unit": "$0.08501", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Conservative Income Fund \\u2013 ETF Series", "Ticker Symbol": "PRP", "Distribution per share/unit": "$0.05401", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose International Tactical Hedged Equity Fund \\u2013 ETF Series", "Ticker Symbol": "PHW", "Distribution per share/unit": "$0.10001", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Quarterly"}, {"Open-End Funds": "Purpose Diversified Real Asset Fund \\u2013 ETF Series", "Ticker Symbol": "PRA", "Distribution per share/unit": "$0.16501", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Quarterly"}, {"Open-End Funds": "Purpose Enhanced Premium Yield Fund \\u2013 ETF Series", "Ticker Symbol": "PAYF", "Distribution per share/unit": "$0.11811", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose International Dividend Fund \\u2013 ETF Units", "Ticker Symbol": "PID", "Distribution per share/unit": "$0.0780", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose US Dividend Fund \\u2013 ETF Units", "Ticker Symbol": "PUD", "Distribution per share/unit": "$0.0650", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose US Dividend Fund Non-Currency Hedged \\u2013 ETF Units", "Ticker Symbol": "PUD.B", "Distribution per share/unit": "$0.0760", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Global Bond Fund \\u2013 ETF Units", "Ticker Symbol": "BND", "Distribution per share/unit": "$0.0585", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose High Interest Savings ETF", "Ticker Symbol": "PSA", "Distribution per share/unit": "$0.1390", "Record Date": "09/29/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose US Cash Fund \\u2013 ETF Units", "Ticker Symbol": "PSU.U", "Distribution per share/unit": "US$ 0.2091", "Record Date": "09/29/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Strategic Yield Fund \\u2013 ETF Units", "Ticker Symbol": "SYLD", "Distribution per share/unit": "$0.0970", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Multi-Asset Income Fund \\u2013 ETF Units", "Ticker Symbol": "PINC", "Distribution per share/unit": "$0.0840", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Global Bond Class \\u2013 ETF Units", "Ticker Symbol": "IGB", "Distribution per share/unit": "$0.06021", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Canadian Preferred Share Fund \\u2013 ETF Units", "Ticker Symbol": "RPS", "Distribution per share/unit": "$0.0950", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Core Equity Income Fund \\u2013 ETF Series", "Ticker Symbol": "RDE", "Distribution per share/unit": "$0.08001", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose US Preferred Share Fund \\u2013 ETF Units", "Ticker Symbol": "RPU", "Distribution per share/unit": "$0.0940", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose US Preferred Share Fund Non-Currency Hedged \\u2013 ETF Units2", "Ticker Symbol": "RPU.B / RPU.U", "Distribution per share/unit": "$0.0940", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Emerging Markets Dividend Fund \\u2013 ETF Units", "Ticker Symbol": "REM", "Distribution per share/unit": "$0.0580", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Global Flexible Credit Fund \\u2013 ETF Units", "Ticker Symbol": "FLX", "Distribution per share/unit": "$0.0297", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Global Flexible Credit Fund - Non-Currency Hedged USD \\u2013 ETF Units", "Ticker Symbol": "FLX.U", "Distribution per share/unit": "US$ 0.0375", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Global Flexible Credit Fund - Non-Currency Hedged \\u2013 ETF Units", "Ticker Symbol": "FLX.B", "Distribution per share/unit": "$0.0365", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Black Diamond Global Equity Fund \\u2013 ETF Units", "Ticker Symbol": "BDEQ", "Distribution per share/unit": "$0.0112", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Black Diamond Distressed Opportunities Fund \\u2013 ETF Units", "Ticker Symbol": "BDOP", "Distribution per share/unit": "$0.0075", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Marijuana Opportunities Fund \\u2013 ETF Units", "Ticker Symbol": "MJJ", "Distribution per share/unit": "$0.0100", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Quarterly"}, {"Open-End Funds": "Purpose Credit Opportunities Fund \\u2013 ETF Units", "Ticker Symbol": "CROP", "Distribution per share/unit": "$0.0875", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Bitcoin Yield ETF \\u2013 ETF Units", "Ticker Symbol": "BTCY", "Distribution per share/unit": "$0.0315", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Bitcoin Yield ETF \\u2013 ETF Non-Currency hedged Units", "Ticker Symbol": "BTCY.B", "Distribution per share/unit": "$0.0.345", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Bitcoin Yield ETF \\u2013 ETF Units Non-Currency Hedged USD Units", "Ticker Symbol": "BTCY.U", "Distribution per share/unit": "US$ 0.0410", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Ether Yield ETF \\u2013 ETF Units", "Ticker Symbol": "ETHY", "Distribution per share/unit": "$0.0270", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Ether Yield ETF \\u2013 ETF Non-Currency hedged Units", "Ticker Symbol": "ETHY.B", "Distribution per share/unit": "$0.0320", "Record Date": "09/28/2022", "Payable Date": "10/07/2022", Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-09-21 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $364,948,933,606 - Hash Rate: 224610668.47611964 - Transaction Count: 260924.0 - Unique Addresses: 632611.0 Social & AI Sentiment: - Fear & Greed Index: 0.23 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: • US stocks fell on Friday after July's strong jobs report showed big gains despite fears of a recession. • The US added 528,000 new jobs in July, about double expectations as the unemployment rate fell to 3.5%. • The strong employment gains will keep pressure on the Fed to continue with its interest rate hikes. US stocks fell on Friday as investors digested the implications of a stronger-than-expected July employment report. The US economy added 528,000 new jobs in July, which was more than double the consensus economist estimate of 250,000 new jobs. The strong gains were driven in part by the hospitality sector and resulted in the unemployment rate falling to 3.5% from 3.6%. While the jobs report is good news for the US economy, as it bucks the idea that a recession is imminent, it also puts pressure on the Federal Reserve to continue with its aggressive interest rate hikes as it attempts to tame inflation. Here's where US indexes stood shortly after the 9:30 a.m. ET open on Friday: • S&P 500:4,124.38, down 0.66% • Dow Jones Industrial Average:32,582.74, down 0.44% (144.08 points) • Nasdaq Composite:12,595.09, down 0.99% The July jobs report also showed a better-than-expected gain in average hourly earnings, with a 0.5% increase to $32.17, ahead of estimates for a gain of just 0.3%. Also putting pressure on stocks was the Democrats' Inflation Reduction Act, which seems to now have full support of all 50 Senate Democrats needed to pass the reconciliation bill. The agreement made Thursday evening between Krysten Sinema and Chuck Schumer scraps the closing of the carried interest tax break, and insteadimposes a 1% excise tax on stock buybacks. Corporate stock buyback programs have long been seen as a big source of demand for US equities, and JPMorgan estimated earlier this year that stock buyback programs would hita record $1 trillion in 2022.A 1% tax may not be high enough to fully deter the practice, as dividends get taxed at a higher rate, but it could ultimately reduce demand for stocks. European gas prices are on track torise for the third consecutive weekas Russia continues to threaten cutoffs in its supply. Meanwhile, Russia has taken the second top spot in exporting oil to India as it sells the commodity at a discounted price. West Texas Intermediate crudeoil fell 1.07% to $87.59 per barrel.Brent crude, oil's international benchmark, dropped 0.92% to $93.25. Bitcoin fell 0.66% to $23,027. Ether prices rose 0.78% to $1,674. Goldfell 1.30% to $1,783.40 per ounce. The yield on the 10-year Treasury rose 12 basis points to 2.82%. Read the original article onBusiness Insider... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['By Herbert Lash and Marc Jones\nNEW YORK/LONDON (Reuters) - The yen spiked higher on Thursday after the Federal Reserve\'s strong stance on rates the day before roiled the outlook for bonds and stocks while forcing Japan to intervene in FX markets to support its currency for the first time since 1998.\nThe dollar slid after surging to fresh two-decade highs following the Fed\'s raising of interest rates on Wednesday by a hefty 75 basis points. Its projection of more large increases to come cemented a "higher for longer" view on rates.\nThe bond market responded with the part of the yield curve measuring the gap between two- and 10-year Treasury notes inverting the most since at least 2000. The measure, a signal of a likely recession in a year or two, later eased a bit to stand at -42.0 basis points.\nStocks fell further on Wall Street and in Europe, where Russia\'s threat on Wednesday to use nuclear weapons amplified the existing economic pain and volatility from the Ukraine war. The major British, German and French bourses tumbled more than 1%.\nBut the day\'s big news was Tokyo swooping in to support the yen soon after Europe opened. While such a move had seemed imminent for weeks - the yen has fallen 20% this year, almost half of that in the last six weeks - it still packed a punch.\nThe Japanese currency surged almost 4% to 140.31 to the dollar from 145.81 in a little over 40 minutes. The yen was last up 1.17% versus the greenback at 142.36.\nGraphic: Japan intervenes to prop up weak yen https://graphics.reuters.com/JAPAN-ECONOMY/klvykaaobvg/chart_eikon.jpg\nCentral banks hiking rates around the world and Japan fighting back against the weak yen cooled the dollar\'s latest burst to fresh highs, said Joe Manimbo, U.S. senior market analyst at Convera.\n"But the Fed\'s unflinching determination to restore 2% inflation is likely to keep the buck well-supported for the foreseeable future," Manimbo added.\nWith the dollar stalled, the euro edged up 0.01% to $0.9839 and other currencies gained as well.\nTokyo\'s move came just hours after the Bank of Japan maintained super-low rates, fighting the global tide of monetary tightening by the U.S. and other central banks trying to rein in roaring inflation.\nVolatility and uncertainty have risen as the market comes to grips with a policy regime that is reducing liquidity after a decade of abundance, said David Bahnsen, chief investment officer at wealth manager The Bahnsen Group in Newport Beach, California.\n"Excessive quantitative easing over the past decade is going to result in excessive tightening and the market has no way to properly price what this means for valuations," Bahnsen said.\nOn Wall Street, the Dow Jones Industrial Average closed down 0.36%, the S&P 500 dropped 0.85% and the rate-sensitive Nasdaq Composite slid 1.37%.\nThe likelihood of a recession if the Fed maintains its rate-hiking stance suggests earnings will come down 15% next year, said Mike Mullaney, director of global markets at Boston Partners.\nExcluding the energy sector, the estimated growth rate for the S&P 500 in the third quarter already has declined by 1.7%, according to Refinitiv data.\n"We\'re going to revisit the (June) lows," Mullaney said of the S&P 500. "The number being thrown around by the bears is 3200. Under a recessionary scenario that\'s definitely in play."\nIn Europe, the pan-regional STOXX 600 index lost 1.79% to close below 400 for the first time since January 2021. MSCI\'s gauge of global stock performance shed 1.04%, breaking below this year\'s bottom to touch lows last seen in November 2020.\nMSCI\'s emerging markets index fell 0.90% and Asian stocks marched overnight to a two-year low after the Fed\'s rate hike and outlook.\nThe median of Fed officials\' own outlook has U.S. rates at 4.4% by year\'s end - 100 bps higher than their June projection - and even higher, at 4.6%, by the end of 2023.\nFutures scrambled to catch up. The yield on two-year Treasuries hit a 15-year high of 4.135% in Asia and were last at 4.120%. Ten-year yields set fresh 11-year highs and were last up 19 basis points at 3.702%.\nIn Europe, Germany\'s rate-sensitive two-year bond yield rose to 1.897%, its highest since May 2011, before easing to 1.833%.\nGraphic: Yen sees historic drop https://fingfx.thomsonreuters.com/gfx/mkt/lgvdwddjapo/Pasted%20image%201663838463801.png\nFOLLOW THE FED\nThe Swiss National Bank also pulled up its rates by 75 basis points, only the second increase in 15 years. The move ended a 7-1/2-year spell with negative rates.\nAlso in Europe, Norway and Britain raised rates by 50 bps with traders seeing plenty more ahead.\nThe pound rose modestly on the day after hitting a 37-year low of $1.1213 overnight on growing worries about the state of Britain\'s finances. Sweden\'s crown had also touched a record low despite the country\'s steepest rate hike in a generation earlier this week.\nThe global economic outlook is helping drive the dollar higher as U.S. yields look attractive and investors think other economies look too fragile to sustain rates as high as those contemplated by the Fed.\nJapan and China are outliers and their currencies are sliding particularly hard.\nThe dollar\'s rise has also sent emerging market currencies tumbling and punished cryptocurrencies and commodities.\nLira traders were left wincing again as Turkey, where inflation is running at around 85%, defied economic orthodoxy and slashed another 100 basis points off its interest rates.\nOil rose in volatile trading on concerns an escalation of the war in Ukraine could further hurt supply.\nBrent crude futures settled up 63 cents at $90.46 a barrel and U.S. crude rose 55 cents to settle at $83.49.\nU.S. gold futures settled 0.3% higher at $1,681.10 an ounce.\nBitcoin rose 4.76% to $19,345.00.\nGraphic: Central banks ramp up fight against inflation https://graphics.reuters.com/GLOBAL-CENTRALBANKS/klvykaanlvg/chart.png\n(Reporting by Herbert Lash, Additional reporting by Marc Jones in London, Tom Westbrook in Sydney; Editing by Kirsten Donovan, Nick Zieminski and Richard Chang)', 'By Herbert Lash and Marc Jones NEW YORK/LONDON (Reuters) - The yen spiked higher on Thursday after the Federal Reserve\'s strong stance on rates the day before roiled the outlook for bonds and stocks while forcing Japan to intervene in FX markets to support its currency for the first time since 1998. The dollar slid after surging to fresh two-decade highs following the Fed\'s raising of interest rates on Wednesday by a hefty 75 basis points. Its projection of more large increases to come cemented a "higher for longer" view on rates. The bond market responded with the part of the yield curve measuring the gap between two- and 10-year Treasury notes inverting the most since at least 2000. The measure, a signal of a likely recession in a year or two, later eased a bit to stand at -42.0 basis points. Stocks fell further on Wall Street and in Europe, where Russia\'s threat on Wednesday to use nuclear weapons amplified the existing economic pain and volatility from the Ukraine war. The major British, German and French bourses tumbled more than 1%. But the day\'s big news was Tokyo swooping in to support the yen soon after Europe opened. While such a move had seemed imminent for weeks - the yen has fallen 20% this year, almost half of that in the last six weeks - it still packed a punch. The Japanese currency surged almost 4% to 140.31 to the dollar from 145.81 in a little over 40 minutes. The yen was last up 1.17% versus the greenback at 142.36. Graphic: Japan intervenes to prop up weak yen https://graphics.reuters.com/JAPAN-ECONOMY/klvykaaobvg/chart_eikon.jpg Central banks hiking rates around the world and Japan fighting back against the weak yen cooled the dollar\'s latest burst to fresh highs, said Joe Manimbo, U.S. senior market analyst at Convera. "But the Fed\'s unflinching determination to restore 2% inflation is likely to keep the buck well-supported for the foreseeable future," Manimbo added. With the dollar stalled, the euro edged up 0.01% to $0.9839 and other currencies gained as well. Tokyo\'s move came just hours after the Bank of Japan maintained super-low rates, fighting the global tide of monetary tightening by the U.S. and other central banks trying to rein in roaring inflation. Volatility and uncertainty have risen as the market comes to grips with a policy regime that is reducing liquidity after a decade of abundance, said David Bahnsen, chief investment officer at wealth manager The Bahnsen Group in Newport Beach, California. "Excessive quantitative easing over the past decade is going to result in excessive tightening and the market has no way to properly price what this means for valuations," Bahnsen said. Story continues On Wall Street, the Dow Jones Industrial Average closed down 0.36%, the S&P 500 dropped 0.85% and the rate-sensitive Nasdaq Composite slid 1.37%. The likelihood of a recession if the Fed maintains its rate-hiking stance suggests earnings will come down 15% next year, said Mike Mullaney, director of global markets at Boston Partners. Excluding the energy sector, the estimated growth rate for the S&P 500 in the third quarter already has declined by 1.7%, according to Refinitiv data. "We\'re going to revisit the (June) lows," Mullaney said of the S&P 500. "The number being thrown around by the bears is 3200. Under a recessionary scenario that\'s definitely in play." In Europe, the pan-regional STOXX 600 index lost 1.79% to close below 400 for the first time since January 2021. MSCI\'s gauge of global stock performance shed 1.04%, breaking below this year\'s bottom to touch lows last seen in November 2020. MSCI\'s emerging markets index fell 0.90% and Asian stocks marched overnight to a two-year low after the Fed\'s rate hike and outlook. The median of Fed officials\' own outlook has U.S. rates at 4.4% by year\'s end - 100 bps higher than their June projection - and even higher, at 4.6%, by t Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-09-22 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $368,895,969,281 - Hash Rate: 203901883.4393143 - Transaction Count: 245794.0 - Unique Addresses: 614742.0 Social & AI Sentiment: - Fear & Greed Index: 0.22 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin fell below the US$20,000 support line in Friday morning trading in Asia, while Ether saw a sell-off following the long-awaited network “Merge” on Thursday. The total cryptocurrency market capitalization fell below US$1 trillion as all top 10 tokens were trading down. See related article: Ethereum says Merge upgrade successfully completed, more to come Fast facts Bitcoin fell 2.7% in the past 24 hours to trade at US$19,707 at 8 a.m. in Hong Kong, while Ether (ETH) fell 10% to US$1,471 – its lowest since Aug 29 and the biggest drop among the top 10 cryptocurrencies – according to data from CoinMarketCap . The Ethereum network “ Merge ” was completed with the deployment of the final upgrade known as “Paris,” which is expected to slash the network’s electricity use by up to 99.95% while improving transaction speeds . However, some investors said the Merge had been long priced into the Ether token, hence the selling after it was completed. As for the new network itself: “Ethereum’s initial post-Merge performance looks favorable with a very limited number of missed blocks and a high participation rate,” said Milosz Papst, director at investment research firm Edison Group in a statement shared with Forkast . Some Ether miners rejected the Merge as it would cut their revenue and created a fork to keep running the previous network. However, the currency for this fork, ETHPoW, lost 71% of its value to trade as low as US$9.98 on Thursday morning. Ethereum Classic (ETC) – the original chain from which ETH was forked – also declined, losing 9.54% to US$35.61. U.S. equities fell Thursday. The Dow Jones Industrial Average closed 0.6% lower, the S&P 500 Index fell 1.1% and the Nasdaq Composite Index finished off 1.4%. The U.S. Labor Department on Thursday said unemployment claims fell in the week ended Sept. 10 to the lowest since May, suggesting a robust economy that may support an aggressive interest rate increase by the Federal Reserve next week as the central bank has made taming inflation its priority. August retail sales figures in the U.S. also released on Thursday came in higher than expected with a 0.3% increase from July. See related article: Ethereum’s last PoW and first PoS NFTs minted for 67.5 ETH View comments... - Reddit Posts (Sample): [['u/nullc', "Guess who's baaaack. wait. no, not A. Back. I mean guess who has returned? no no, not op_return. darnit.", 44, '2022-09-22 00:36', 'https://www.reddit.com/r/bsv/comments/xkjcm1/guess_whos_baaaack_wait_no_not_a_back_i_mean/', 'After granting me a brief "vacation", the Reddit staff determined what everyone here who looked into it already knew: My post wasn\'t harassment and their permanent suspension of my account was an error. So I\'m back\\^wreturned\\^wnot gone now!\n\nUnfortunately the false reporting campaigns are still ongoing-- and probably will continue now that they\'ve shown some degree of effectiveness so long as the BSV scam continues at scale. :( It also looks like some of the other inappropriately suspended poster are still suspended, but the process may just be taking its sweet time.\n\nIf the false reporting campaign does end up taking more of this subreddit out-- perhaps we should regroup on Bitcointalk: it\'s operated by actual humans and bitcoin supportive ones at that-- zero probability that the scammers can threaten or bribe their way into shutting down criticism of their scam there. One of the things that struck me while I was banned was that I was almost completely cut off from my friends here and couldn\'t coordinate alternatives in case reddit was tricked or subverted-- they have to be established in advance.\n\nAny regular poster here that creates an account there can ping me in private to get me to whitelist you to bypass the newbie jailing on BCT.\n\nThis incident has also made it clear that we need to be more proactive in taking the message out to the wider media-- mocking the fraud from the sidelines is fun and does good but it\'s too vulnerable to being silenced.', 'https://www.reddit.com/r/bsv/comments/xkjcm1/guess_whos_baaaack_wait_no_not_a_back_i_mean/', 'xkjcm1', [['u/AlreadyBannedOnce', 11, '2022-09-22 00:53', 'https://www.reddit.com/r/bsv/comments/xkjcm1/guess_whos_baaaack_wait_no_not_a_back_i_mean/ipe9bql/', "Have you seen who's turned up missing while you were gone?", 'xkjcm1'], ['u/Zectro', 14, '2022-09-22 01:01', 'https://www.reddit.com/r/bsv/comments/xkjcm1/guess_whos_baaaack_wait_no_not_a_back_i_mean/ipeaikh/', 'I can already hear the conspiracy theories forming.', 'xkjcm1'], ['u/nullc', 17, '2022-09-22 03:39', 'https://www.reddit.com/r/bsv/comments/xkjcm1/guess_whos_baaaack_wait_no_not_a_back_i_mean/ipevzs0/', "No, basically I feel twitter epitomizes everything wrong with reddit.\n\nThe length limits and distribution model (which seems inspired by the movie dark city) are almost perfectly designed for building up shallowly justified fury and spreading it as far and fast as possible. I've seen twitter just outright ruin a lot of thoughtful people as they get infinitely mired into the pettiest of arguments, addicted to the rage twitter induces in them. I saw the best minds of my generation destroyed by madness, memed hysterical tweeting, dragging themselves through the hashtag lists at dawn looking for an anger fix, virtue-signaling hipsters burning for the ancient heavenly connection to the starry dynamo in the machinery of night.\n\nI think twitter is a great harm to not just its users but the world in general, and I won't contribute to it.\n\nReddit has been on its way there too-- it's changed a lot for the worse over the last 5 years, but for the moment the line I've drawn has twitter and facebook on the outside.", 'xkjcm1']]], ['u/Rehrar', 'Stack Wallet - An open-source multicoin lightwallet', 53, '2022-09-22 01:32', 'https://www.reddit.com/r/Monero/comments/xkkq5e/stack_wallet_an_opensource_multicoin_lightwallet/', "Introducing Stack Wallet, a new FOSS-licensed [open source](https://github.com/cypherstack/stack_wallet/), multicoin, lightwallet that respects your privacy. We proudly support Bitcoin. We proudly support Monero. Do you have shitcoins? We have wallets for some of those too >!with more on the way!<, but we aren't proud of it. The beta currently only supports mobile devices, but the desktop version is coming soon™️. The code monkeys say it'll take a month, but we can't make any promises.\n\nStack Wallet is in beta, but that doesn't mean we lack polish. Some bugs can be expected, but we're confident that you will appreciate the user friendliness of our interface. Check out a few screens from our Android app:\n\n&#x200B;\n\nhttps://preview.redd.it/z6frcbd7rap91.jpg?width=1080&format=pjpg&auto=webp&s=e8a26a3cb40d3b95c923fe17e1796165c0f744c7\n\n&#x200B;\n\nhttps://preview.redd.it/q2zvbaberap91.jpg?width=1080&format=pjpg&auto=webp&s=6115f35cdfba51664bddd4171cac1d339546d4a1\n\n&#x200B;\n\nhttps://preview.redd.it/xmiippffrap91.jpg?width=1080&format=pjpg&auto=webp&s=d6cc0de0fe4aa2b5720e923cc845d1515498b52c\n\n&#x200B;\n\nAre you convinced yet? Didn't think so. This is Monero. Our roots are in the Monero community, and it shows in our design. Our site and applications are privacy conscious - Privacy technology in supported cryptocurrencies always defaults to on or is made simple, and that means no trackers or third party data sharing. Ever. That is our promise to you. You can find resources about Stack Wallet on [our website](https://stackwallet.com), we have a list of features, frequently asked questions, our social media and support channels, and downloads to the latest version of our beta for both Android and iOS.\n\nEdit: App store links below!\n\n[Android](https://play.google.com/store/apps/datasafety?id=com.cypherstack.stackwallet) \n\n[iOS](https://apps.apple.com/us/app/stack-wallet-by-cypher-stack/id1634811534)", 'https://www.reddit.com/r/Monero/comments/xkkq5e/stack_wallet_an_opensource_multicoin_lightwallet/', 'xkkq5e', [['u/gr8ful4', 19, '2022-09-22 01:40', 'https://www.reddit.com/r/Monero/comments/xkkq5e/stack_wallet_an_opensource_multicoin_lightwallet/ipefu54/', 'Nice to see the ecosystem grow. Thank you for your effort.', 'xkkq5e']]], ['u/avndp', 'is it possible for Bitcoin to adopt Nano if the majority agrees?', 21, '2022-09-22 03:25', 'https://www.reddit.com/r/nanocurrency/comments/xkncti/is_it_possible_for_bitcoin_to_adopt_nano_if_the/', 'Technically, is it possible for Bitcoin to move to Nano technology if the majority agrees? Just like eth merged to POS?', 'https://www.reddit.com/r/nanocurrency/comments/xkncti/is_it_possible_for_bitcoin_to_adopt_nano_if_the/', 'xkncti', [['u/Nachodon', 28, '2022-09-22 04:56', 'https://www.reddit.com/r/nanocurrency/comments/xkncti/is_it_possible_for_bitcoin_to_adopt_nano_if_the/ipf62qv/', 'ETH “only” changed consensus layer from PoW to PoS, execution layer was not changed. That’s why it’s called “the merge” - existing execution layer and new PoS layer merged.\n\nFor Bitcoin to move to “Nano technology”, it would need to change both layers. Below I am making rough analogy that blockchain is Bitcoin’s execution layer.\n\n1. “Execution” layer: Can Bitcoin change from blockchain to blocklattice (DAG)?\n- this will be very challenging if not impossible to change to DAG while preserving existing balances, addresses & private keys. With Nano/DAG, each address has own blockchain. So Bitcoin existing ledger history would need to unmerge, separating all transactions belonging to 1 address to it’s own blockchain. And with Bitcoin’s UTXO model outputs of a block cannot be mapped 1:1 to input, believe it’s not mathematically possible to detangle Bitcoin’s 1 blockchain to many blockchains required for DAG.\n- assuming that easiest way is simply to create new network from scratch, with airdrop and claim method for existing Bitcoin holders. But transaction history and even balances would not be preserved. For example, if Satoshi is not alive anymore he won’t be able to claim. What happens with his Bitcoin stash? Does it get removed from supply and essentially redistributed to claimants? Or does it go to new developer fund? Either way, it’s not 1:1 mapping so essentially it’s not Bitcoin anymore.\n\n2. Consensus layer: Can Bitcoin change from PoW to ORV?\n- this could be feasible, but would need establish representatives from scratch\n- similar like Ethereum PoS had to change from miners to establish validators, it was running new PoS layer separately for long before the merge could be done seamlessly\n- Nano here has advantage as already has established network of reputable representatives\n\nI have limited understanding of Bitcoin, Nano and Ethereum. Hope someone with more tech knowledge can comment on feasibility especially regarding migration from blockchain to blocklattice.', 'xkncti'], ['u/SenatusSPQR', 11, '2022-09-22 08:45', 'https://www.reddit.com/r/nanocurrency/comments/xkncti/is_it_possible_for_bitcoin_to_adopt_nano_if_the/ipfsm1g/', 'Good answer I think! Thanks.', 'xkncti']]], ['u/Nobodyspecial2222', 'Sorry fellow AMPeroni’s…Last post for a while, I don’t want people to think I’m pumping this. Just sharing an opinion… Feel free to shit on it or chime in.', 29, '2022-09-22 04:01', 'https://www.reddit.com/r/AMPToken/comments/xko6gd/sorry_fellow_amperonislast_post_for_a_while_i/', 'Eventually AMP should turn over. \n\nThey all do at some point! Especially if they are active and pushing for their goals. \nClearly, Price doesn’t matter to them right now as much as the stuff they are behind on (SDK, etc). Once they catch up and adoption starts, it’s going to grow like a bad weed. SLOW AT FIRST, Then it starts sprouting buds…\n\nSo to buy anything down below .04 is an absolute steal and the only thing you need to do at this point is acquire as much patience as possible. Crypto literally was a get rich quick ordeal for a little while and now the entire sector is getting weeded out. In my 18 year tenure with investments (private equity, re, equites, yield chasing), I’ve yet to meet one person that had found a solid foundation for success from something of that genre. When I started out…I asked a lot of questions... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["TORONTO, ONTARIO, Sept. 22, 2022 (GLOBE NEWSWIRE) -- Coinsquare, Canada’s leading crypto asset trading platform, announced today that it has entered into a definitive agreement dated September 22, 2022 (the “Purchase Agreement”) with CoinSmart Financial Inc. (“CoinSmart”) to acquire all the issued and outstanding shares of its wholly-owned operating subsidiary Simply Digital Technologies Inc. (“Simply Digital”), which owns and operates the CoinSmart trading platform.\nWith this acquisition and integration, Coinsquare becomes one of Canada’s largest crypto asset trading platforms with a diversified and compliant offering across various business lines including both retail and institutional trading, crypto payment processing, and digital asset custody. Following the completion of the transaction, CoinSmart will hold approximately ~12% ownership stake in Coinsquare on a pro-forma basis, and the company will enjoy material revenue and cost synergies via cross selling opportunities and cost rationalization.\nCoinsquare is in the final stages of approval to become Canada’s first crypto asset trading platform regulated as an Investment Industry Regulatory Organization of Canada(“IIROC”)dealer and marketplace member.\n“This acquisition represents a monumental\xa0and exciting milestone for both companies and brings together two industry leading management teams.” Said Coinsquare, CEO Martin Piszel. “The cryptocurrency market is going through immense change with regulators defining a roadmap for platforms to operate in Canada. This has led to an ever-increasing cost structure and additional complexity in operating a viable crypto exchange.\xa0 We feel that scale and operational efficiency matter, and we are well positioned to play a leading role in defining the space in Canada.”\nKey Transaction Benefits include:\n• One of Canada’s Largest Crypto Asset Trading Platforms:combined company will have transacted over $10 billion in crypto transactions since January 2018 with a combined user base in excess of 1 million.\n• Complementary Platforms Leading to Synergies:Significant revenue and cost synergies via cross selling opportunities and cost rationalization.\n• Speed-to-market:leverage combined technologies to optimize tech stack and bring new features, functionality, and products to market faster.\n• New Business Lines to the Coinsquare Portfolio:such as SmartPay, an easy way to accept crypto payments by converting crypto to fiat with same day payouts.\n• Enhanced Education Portal: with CoinSmart’s Get Smart Hub, the community will have a robust destination for Crypto knowledge and learning tools – making learning easy and accessible for everyone.\n“Today is an exciting day for all of us at CoinSmart,” said CoinSmart CEO Justin Hartzman. “We are thrilled to be working alongside the Coinsquare team to build one of the largest regulated crypto asset trading platforms in Canada and I could not be more proud of what we have accomplished so far. With a diversified product suite, exceptional crypto talent, and one of the largest user bases in Canada, the combined company will be well-positioned to pursue its aggressive expansion plans. While the crypto market is in the building phase of its life cycle, this transaction will provide the torque needed to be in a favourable position entering the next bull run.”\n###\nContact Details:\nWachsman PREmail:[email protected]:[email protected]\nABOUT COINSQUARE:\nFounded in 2014, Coinsquare, a private company incorporated under the laws of Canada provides customers with a proprietary platform engineered to deliver a robust, secure, and intelligent interface for trading Bitcoin, Ethereum, Litecoin, and other digital assets. Coinsquare has grown to become Canada’s oldest operating digital asset firm, trading on behalf of over half a million Canadians. Coinsquare has raised over $100M in capital and has successfully executed trades in excess of $8 billion to date. For more information, please visitwww.coinsquare.com.\nABOUT COINSMART:CoinSmart is a leading Canadian-headquartered crypto asset trading platform dedicated to providing customers with an intuitive way for buying and selling digital assets, like Bitcoin and Ethereum. CoinSmart is one of the few crypto asset trading platforms in Canada to be registered as a marketplace with the Ontario Securities Commission. CoinSmart is also one of the first Canadian headquartered trading platforms to have an international presence, accepting customers across 40+ countries at a time when the digital asset industry continues to rapidly expand.\nCoinSmart further builds on its mission to make cryptocurrency accessible by providing educational resources tailored to every level of cryptocurrency knowledge and unparalleled 24/7 omni-channel customer support. Offering instant verification, industry leading cold wallet storage, advanced charting with order book functionality and over-the-counter premium services, CoinSmart ensures every client's needs are met with the highest level of quality and care.\nFor more information, please visitwww.coinsmart.com\nCONTACT: Liz Ridout Coinsquare Ltd. 416-471-9858 [email protected]", "TORONTO, ONTARIO, Sept. 22, 2022 (GLOBE NEWSWIRE) -- Coinsquare, Canada’s leading crypto asset trading platform, announced today that it has entered into a definitive agreement dated September 22, 2022 (the “ Purchase Agreement ”) with CoinSmart Financial Inc. (“ CoinSmart ”) to acquire all the issued and outstanding shares of its wholly-owned operating subsidiary Simply Digital Technologies Inc. (“ Simply Digital ”), which owns and operates the CoinSmart trading platform. With this acquisition and integration, Coinsquare becomes one of Canada’s largest crypto asset trading platforms with a diversified and compliant offering across various business lines including both retail and institutional trading, crypto payment processing, and digital asset custody. Following the completion of the transaction, CoinSmart will hold approximately ~12% ownership stake in Coinsquare on a pro-forma basis, and the company will enjoy material revenue and cost synergies via cross selling opportunities and cost rationalization. Coinsquare is in the final stages of approval to become Canada’s first crypto asset trading platform regulated as an Investment Industry Regulatory Organization of Canada (“IIROC”) dealer and marketplace member. “This acquisition represents a monumental\xa0and exciting milestone for both companies and brings together two industry leading management teams.” Said Coinsquare, CEO Martin Piszel. “The cryptocurrency market is going through immense change with regulators defining a roadmap for platforms to operate in Canada. This has led to an ever-increasing cost structure and additional complexity in operating a viable crypto exchange.\xa0 We feel that scale and operational efficiency matter, and we are well positioned to play a leading role in defining the space in Canada.” Key Transaction Benefits include: One of Canada’s Largest Crypto Asset Trading Platforms: combined company will have transacted over $10 billion in crypto transactions since January 2018 with a combined user base in excess of 1 million. Complementary Platforms Leading to Synergies: Significant revenue and cost synergies via cross selling opportunities and cost rationalization. Speed-to-market: leverage combined technologies to optimize tech stack and bring new features, functionality, and products to market faster. New Business Lines to the Coinsquare Portfolio: such as SmartPay, an easy way to accept crypto payments by converting crypto to fiat with same day payouts. Enhanced Education Portal : with CoinSmart’s Get Smart Hub, the community will have a robust destination for Crypto knowledge and learning tools – making learning easy and accessible for everyone. Story continues “Today is an exciting day for all of us at CoinSmart,” said CoinSmart CEO Justin Hartzman. “We are thrilled to be working alongside the Coinsquare team to build one of the largest regulated crypto asset trading platforms in Canada and I could not be more proud of what we have accomplished so far. With a diversified product suite, exceptional crypto talent, and one of the largest user bases in Canada, the combined company will be well-positioned to pursue its aggressive expansion plans. While the crypto market is in the building phase of its life cycle, this transaction will provide the torque needed to be in a favourable position entering the next bull run.” ### Contact Details: Wachsman PR Email: [email protected] Coinsquare Email: [email protected] ABOUT COINSQUARE: Founded in 2014, Coinsquare, a private company incorporated under the laws of Canada provides customers with a proprietary platform engineered to deliver a robust, secure, and intelligent interface for trading Bitcoin, Ethereum, Litecoin, and other digital assets. Coinsquare has grown to become Canada’s oldest operating digital asset firm, trading on behalf of over half a million Canadians. Coinsquare has raised over $100M in capital and has successfully executed trades in excess of $8 billion to date. For more information, please visit www.coinsquare.com . ABOUT COINSMART: CoinSmart is a leading Canadian-headquartered crypto asset trading platform dedicated to providing customers with an intuitive way for buying and selling digital assets, like Bitcoin and Ethereum. CoinSmart is one of the few crypto asset trading platforms in Canada to be registered as a marketplace with the Ontario Securities Commission. CoinSmart is also one of the first Canadian headquartered trading platforms to have an international presence, accepting customers across 40+ countries at a time when the digital asset industry continues to rapidly expand. CoinSmart further builds on its mission to make cryptocurrency accessible by providing educational resources tailored to every level of cryptocurrency knowledge and u Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-09-23 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $362,674,309,312 - Hash Rate: 215052767.68990183 - Transaction Count: 281419.0 - Unique Addresses: 689899.0 Social & AI Sentiment: - Fear & Greed Index: 0.20 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: In this photo illustration, an Ethereum logo seen displayed In this photo illustration, an Ethereum logo seen displayed on an android smartphone. Credit - Avishek Das/SOPA Images/LightRocket via Getty Images Last week was a celebratory one for Ethereum: the world’s second-largest blockchain successfully transitioned to Proof of Stake after a painstaking eight-year development process. (Read more here about the merge’s importance .) But on Monday, investors woke up to the token’s price at its lowest point since July. While Ethereum had climbed back to over $1700 in September, it’s now around $1330, amounting to more than a 20% drop. If the merge was supposed to fix many of Ethereum’s problems, why is its value still tanking? Here are a few reasons for the current downturn. The merge was designed to have a long-term impact, not a short-term one. When Ethereum merged successfully, many of the responding headlines bordered on ecstatic: “ Ethereum ‘merge’ will change crypto forever ,” crowed Fortune. (This publication—and writer—were admittedly not immune to excitement .) But while the developers of the merge promised many changes—including a sharp decrease in energy consumption and increased security—a short-term price increase was not one of them. The merge didn’t fix Ethereum’s high fees or congestion. Instead it merely laid the groundwork for further infrastructure that could solve its problems in the years to come. Anyone who hoped that Ethereum would look or run completely differently on Thursday would have been disappointed. Cryptocurrencies are heavily impacted by major market forces. While crypto was designed to hold value independent of the stock market, the two are still very much entwined. Over the last few years, tokens like Bitcoin and Ether have risen and fallen in correlation to larger market trends. This year, Ether prices have been depressed ever since the Federal Reserve announced its intention to institute a series of aggressive interest rate hikes in order to combat inflation. High interest rates dissuade consumers from investing in more risky assets, which includes crypto. Story continues Read More : Why Bitcoin Keeps Crashing And last Tuesday—two days before the merge—a Consumer Price Index report showed that inflation in the U.S. remains stubbornly high. More inflation means higher interest rates: Federal Reserve Chairman Jerome Powell responded by saying that the central bank must act “forthrightly, strongly” to fight inflation. And the market responded in turn: the Dow Jones Industrial Average fell more than 1,200 points, making it the index’s worst day since June 2020. Ether, naturally, fell amidst the downturn. The Federal Reserve’s decision about a potential hike is expected to be released this Wednesday . Investors worry about regulation. Is Ether a security? The question has been debated since the very beginning of Ethereum, with the blockchain’s developers hoping to avoid passing the Howey Test (the set of criteria that determines whether something is a security) and thus saving Ethereum from much stricter regulatory oversight. For years, Ethereum leaders have argued that the token is sufficiently decentralized, and regulators have mostly stayed away. But last Thursday, SEC Chair Gary Gensler said that a token using Proof of Stake might contribute toward it passing the Howey Test. “From the coin’s perspective…that’s another indicia that under the Howey test, the investing public is anticipating profits based on the efforts of others,” Mr. Gensler told reporters after a congressional hearing, according to the Wall Street Journal. Given that Ethereum just switched to Proof of Stake, many investors on social media expressed concern that Ethereum might be Gensler’s next target. Some crypto-focused lawyers, however, say that there’s a long road from Gensler’s comments to Ether being classified as a security.“The arguments about a token turning into security are actually not that strong,” says Collins Belton, a prominent crypto lawyer and managing partner of legal firm Brookwood. “The primary differences between Proof of Stake and Proof of Work are the software you use and the hardware required.” Collins believes that even if the SEC was able successfully label Ether a security, their logic would mean they’d have to do the same for Proof of Work coins like Bitcoin, too. Long-term investors conflict with day traders. Internal dynamics within the Ethereum community were also at play this week. Last week, as it became increasingly clear that the merge would be successful, many fans of Ethereum bought into the token based on the belief that the transition boded well for its long-term success. Ethereum developers and boosters love throwing around the term “ultrasound money,” which describes the belief that the token’s value will be able to withstand global war, economic collapse, or other major disasters. This activity brought up Ether’s price—which in turn, prompted day-traders who bought into the coin purely for economic reasons to cash out on the value bump. Their activity then brought the price back down. It was a prime example of a longstanding tensions in crypto: There are many different types of crypto investors, and sometimes those who believe in the technology for its long-term, transformative abilities are at odds with those simply looking to make a quick buck.... - Reddit Posts (Sample): [['u/TwitchScrubing', 'Alex Mashinsky Speaks again, New Celsius Recovery Plan leaked, Voyager 50M bid pricing and Gk8', 42, '2022-09-23 00:28', 'https://www.reddit.com/r/CelsiusNetwork/comments/xlffsd/alex_mashinsky_speaks_again_new_celsius_recovery/', 'Video on all of this here: [https://youtu.be/iGdbEp\\_U9-4](https://youtu.be/iGdbEp_U9-4) if you want to watch / hear me ramble / subscribe.\n\n \nDiscussion and topics: \n\n1) Biggest newest information: Voyager has around a 50-60m dollar bid from FTX and Binance. FTX has a bit of regulation issues from EU, while Binance has some issues with the US. They both want the customers to just move to their platforms. A new company came in as well offering the Voyager app to stay the same and pay people back with company revenue. [Ethos.io](https://Ethos.io) creator (who worked with Voyager and was on the board and left before Voyager was loaning money) also made comments on this here: [https://twitter.com/shingolavine/status/1573030726139727872](https://twitter.com/shingolavine/status/1573030726139727872) (this all relates to Celsius looking at the 50M dollar sale and recovery options being presented will be related to ours)\n\n2) Celsius GK8 hearing for sale has bene postponed and it looks like their revenue numbers were mediocre, might not be good for total number of sales.\n\n3) (older news as Tiff posted here too) but Celsius is trying to also issue IOU coins and limited how many pools of crypto are there to just USDC, Bitcoin and Ethereum while slowly paying back via mining and ETH staking etc. \n\n4) More recent news: Alex Mashinsky about 30 minutes ago got in another fight with Simon Dixon on twitter spaces.', 'https://www.reddit.com/r/CelsiusNetwork/comments/xlffsd/alex_mashinsky_speaks_again_new_celsius_recovery/', 'xlffsd', [['u/HiddenbtsCamera', 18, '2022-09-23 01:20', 'https://www.reddit.com/r/CelsiusNetwork/comments/xlffsd/alex_mashinsky_speaks_again_new_celsius_recovery/ipj904a/', 'What bullshit did he argue about this time with Simon?', 'xlffsd'], ['u/TwitchScrubing', 44, '2022-09-23 01:33', 'https://www.reddit.com/r/CelsiusNetwork/comments/xlffsd/alex_mashinsky_speaks_again_new_celsius_recovery/ipjal65/', 'Honestly not really worth relistening to, just the usual semantics. Alex is pushing the "We make more money together" narrative and Simon pushing the "Will your business survive from regulatory aspects" narrative. \n\nA lot of "NDA I can\'t say it" and talking over each other. I will say though Simon usually does respond to comments properly, while Alex Mashinsky usually gloss\'s over it.', 'xlffsd'], ['u/HiddenbtsCamera', 55, '2022-09-23 01:35', 'https://www.reddit.com/r/CelsiusNetwork/comments/xlffsd/alex_mashinsky_speaks_again_new_celsius_recovery/ipjav77/', 'But fing hell. Really fing hell. Alex stole users money. Spunked it left right and centre. Broke the terms and conditions users agreed to. Is guilty of corruption and lying. With our money. With my kids savings. And wants to continue “together”.\nAlex. Read this. Fuck. Off. Let someone with a moral compass take over or just give users the haircut and let’s be done with this corruption', 'xlffsd'], ['u/astockstonk', 20, '2022-09-23 01:44', 'https://www.reddit.com/r/CelsiusNetwork/comments/xlffsd/alex_mashinsky_speaks_again_new_celsius_recovery/ipjbwpt/', '+1. Tell Alex to Un-Fuck himself', 'xlffsd'], ['u/IWillKillPutin2022', 11, '2022-09-23 01:48', 'https://www.reddit.com/r/CelsiusNetwork/comments/xlffsd/alex_mashinsky_speaks_again_new_celsius_recovery/ipjcekp/', 'Hopefully we can. Let’s make some “UnFuck Yourselves” shirts with the Scamshinsky’s faces on them after they go to prison. Fingers crossed they get put into gen pop', 'xlffsd'], ['u/RoutineAd7068', 11, '2022-09-23 02:06', 'https://www.reddit.com/r/CelsiusNetwork/comments/xlffsd/alex_mashinsky_speaks_again_new_celsius_recovery/ipjek2w/', 'Not really bullshit those NDA’s. He seems like the only one that’s been fighting for us and people have still been accusing him of self interest. He’s supposed to just fill the $2 billion dollar hole out of the goodness of his heart when he wasn’t even the one responsible for the mess we’re in?', 'xlffsd'], ['u/Dispator', 13, '2022-09-23 03:16', 'https://www.reddit.com/r/CelsiusNetwork/comments/xlffsd/alex_mashinsky_speaks_again_new_celsius_recovery/ipjn82m/', 'True but we are past idiocy.\n\nLunacy would be staying with current or similar leadership or trying to keep the company going.', 'xlffsd']]], ['u/HSPreReleaseReveals', 'The Maw-gnificient Pre Release Reveal Chart - All currently known cards on one spreadsheet, updated daily.', 126, '2022-09-23 05:22', 'https://www.reddit.com/r/hearthstone/comments/xlm37n/the_mawgnificient_pre_release_reveal_chart_all/', "# Murder at Castle Nathria Mini-set - The Maw and Disorder! \n\n[Official Twitter Announcement](https://twitter.com/PlayHearthstone/status/1572994146268479489) \n[Official News Announcement](https://hearthstone.blizzard.com/en-us/news/23852688/next-on-the-docket-the-maw-and-disorder-mini-set) \nPatch 24.3 notes to come. \n \n \n \n&nbsp; \n \n\n \n \n&nbsp; \n \n\nThe Maw and Disorder release date, pricing and info \n\nMini-set launches on September 27th!\n\nThe Mini-Set includes 35 new, unique cards. \n\nThe entire Mini-set will be obtainable from the Shop for $14.99 USD or 2000 Gold! \n \n \nWe are also offering the option to buy an all-Golden set of all 66 Mini-Set cards for $69.99! \n\n \n&nbsp; \n \n# Total cards revealed: 35/35\n\n&nbsp;\n\n[Reveal Order](https://redd.it/xlm1x5) - [Imgur Album](https://imgur.com/a/x4noucu) - [Pre-Release Discussion Discord Server](https://discord.gg/fV3CYTm) \n \n\|Class\|Common\|Rare\|Epic\|Legendary\|\n\|:-\|:-\|:-\|:-\|:-\|\n\|Demon Hunter\|[All Fel Breaks Loose](https://imgur.com/YwZDg74) - [DT](https://redd.it/xnv2ce)\|\|\|[Prosecutor Mel'tranix](https://imgur.com/f4HNdeR) - [DT](https://redd.it/xm4rno)\|\n\|\|[Sightless Magistrate](https://imgur.com/0jlBPbH) - [DT](https://redd.it/xnuzth)\|\|\|\|\n\|Druid\|[Attorney-at-Maw](https://imgur.com/v95fU4i) - [DT](https://redd.it/xnv5b9)\|[Dew Process](https://imgur.com/FqbHBtc) - [DT](https://redd.it/xlm8pg)\|\|\|\n\|\|\|[Incarceration](https://imgur.com/x2Kc8kj) - [DT](https://redd.it/xnv74z)\|\|\|\n\|Hunter\|[Motion Denied](https://imgur.com/DevimG9) - [DT](https://redd.it/xnukvn)\|[Shadehound](https://imgur.com/bpwqhTK) - [DT](https://redd.it/xnumyk)\|\|[Defense Attorney Nathanos](https://imgur.com/Axs9lxn) - [DT](https://redd.it/xnuhbh)\|\n\|\|\|\|\|\|\n\|Mage\|[Contract Conjurer](https://imgur.com/9VAFKJg) - [DT](https://redd.it/xnw4uc)\|[Objection!](https://imgur.com/rgKjj0Z) - [DT](https://redd.it/xnw63u)\|\|\|\n\|\|\|[Life Sentence](https://imgur.com/dxJ7BeU) - [DT](https://redd.it/xnw7fl)\|\|\|\n\|Paladin\|[Jury Duty](https://imgur.com/MSZufXU) - [DT](https://redd.it/xnup60)\|[Class Actrion Lawyer](https://imgur.com/t4fLvUQ) - [DT](https://redd.it/xnusef)\|\|\|\n\|\|\|[Order in the Court](https://imgur.com/wn0Vx1B) - [DT](https://redd.it/xnuqri)\|\|\|\n\|Priest\|[Clear Conscience](https://imgur.com/O3YwrJP) - [DT](https://redd.it/xnu6qp)\|[Theft Accusation](https://imgur.com/PeF7zch) - [DT](https://redd.it/xnuelp)\|\|\|\n\|\|[Incriminating Psychic](https://imgur.com/YaJR2fs) - [DT](https://redd.it/xnu9xz)\|\|\|\|\n\|Rogue\|[Murder Accusation](https://imgur.com/gFQmAc6) - [DT](https://redd.it/xlm5yp)\|[Scribbling Stenographer](https://imgur.com/bVbfxV9) - [DT](https://redd.it/xm4wtc)\|\|\|\n\|\|[Perjury](https://imgur.com/w860UgA) - [DT](https://redd.it/xm4umh)\|\|\|\|\n\|Shaman\|[Totemic Evidence](https://imgur.com/2fZSIXh) - [DT](https://redd.it/xlmape)\|[Framester](https://imgur.com/AphYMuI) - [DT](https://redd.it/xot6qq)\|\|\|\n\|\|\|[Torghast Custodian](https://imgur.com/QNLTco1) - [DT](https://redd.it/xot8nd)\|\|\|\n\|Warlock\|[Imp-oster](https://imgur.com/SwmBBEf) - [DT](https://redd.it/xm6868)\|[Habeas Corpses](https://imgur.com/lvaaGju) - [DT](https://redd.it/xm6alg)\|\|\|\n\|\|[Arson Accusation](https://imgur.com/0xU4nTd) - [DT](https://imgur.com/0xU4nTd)\|\|\|\|\n\|Warrior\|[Call to the Stand](https://imgur.com/xRXJvUW) - [DT](https://redd.it/xnuu17)\|[Weapons Expert](https://imgur.com/Ul5OTNK) - [DT](https://redd.it/xnuxh9)\|\|\|\n\|\|[Mawsworn Bailiff](https://imgur.com/kBc6tdF) - [DT](https://redd.it/xnuvrs)\|\|\|\|\n\|Neutral\|[Soul Seeker](https://imgur.com/DAc2sUP) - [DT](https://redd.it/xlmfzx)\|[Afterlife Attendant](https://imgur.com/wTH4qvr) - [DT](https://redd.it/xlmjzi)\|[Tight-Lipped Witness](https://imgur.com/5L8wPgC) - [DT](https://redd.it/xlmig6)\|[Sylvanas, the Accused](https://imgur.com/WCHkEVi) - [DT](https://redd.it/xlmctd)\|\n\|\|\|\|\|[The Jailer](https://imgur.com/YgVlvAf) - [DT](https://redd.it/xlmeff)\|\n\|Rarity Count\| 16/16 Common \| 14/14 Rare \| 1/1 Epic \| 4/4 Legendary \|", 'https://www.reddit.com/r/hearthstone/comments/xlm37n/the_mawgnificient_pre_release_reveal_chart_all/', 'xlm37n', [['u/Bowbreaker', 31, '2022-09-23 06:42', 'https://www.reddit.com/r/hearthstone/comments/xlm37n/the_mawgnificient_pre_release_reveal_chart_all/ipk9oe8/', "Did they just not make a trailer or video of any kind for this miniset? Is this the first time that's happened?", 'xlm37n'], ['u/Arthurzim337', 14, '2022-09-23 11:54', 'https://www.reddit.com/r/hearthstone/comments/xlm37n/the_mawgnificient_pre_release_reveal_chart_all/ipkvenr/', 'second.\n\nprobably How its gonna be now :/', 'xlm37n'], ['u/ville2ville', 42, '2022-09-23 13:09', 'https://www.reddit.com/r/hearthstone/comments/xlm37n/the_mawgnificient_pre_release_reveal_chart_all/ipl0ydd/', 'The Maw - Location- Both players are immune. Dying removes (3) mana. Play until you or your opponent concedes.', 'xlm37n'], ['u/mr10123', 28, '2022-09-23 14:17', 'https://www.reddit.... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Image The Company aims to be the mainstream distributor of personalized wallets for crypto users, Exchanges and Companies. Featured Image for Vanity Global OÜ Featured Image for Vanity Global OÜ TALLINN, Estonia, Sept. 24, 2022 (GLOBE NEWSWIRE) -- Vanity, a blockchain solution corporation, has recently announced its partnership with Safemoon; alongside the already established partners and more to come, Vanity Global is quickly growing as the leader in personalization in the crypto space. In order to achieve this goal, Vanity has developed a way to generate any wallet address with a custom prefix, up to 11 leading characters. An ordinary address consists of random letters and numbers, for example 0x0xb1c7f\x85, which can lead to stressful operations while sending funds to and from an exchange/wallet due to countless double checks. Vanity offers a real solution to this problem by giving crypto users a way to customize their wallet address, like 0xC0DE911.., and instantly recognize it as their own, simplifying the process of making a transaction. Security is the main aspect of the company. Vanity operates using two different methods combined: user-end generation and split key generation. Acknowledging the technical process is required to understand the difference inside a key pair. Any wallet generated on the blockchain consists of three parts: a public key, an address, and a private key. Both the public key and the address are visible to everyone and do not compromise the security of the wallets. While generating an address with Vanity two pieces are required to be merged in order to generate the custom wallet private key, which is the "password" that is used to import and interact with the wallet. The user-end generation is a serverless step made locally on the customer\'s browser, ensuring that zero data travels on the internet. This operation generates a new key pair, and the customer is required to save the "Vanity Key" and sends to the team the public key, officially requesting the generation of the wallet. Story continues The Split Key generation now takes place, where the public key and high computing power is used by Vanity to generate another key, which is not yet the customized one and saved inside the same database. At this point, the customer has everything needed to create the private key of the desired address and using again user-end generation, it only requires pasting the Vanity Key saved and clicking one button to generate the final Vanity address private key. For the best user experience, Vanity has simplified this process to a total of three clicks and does not require any advanced knowledge from the customer side. We wanted to make transacting easier and safer, removing the feeling of anxiety of losing funds earned with hard work by sending to a wrong address and not noticing it. Vanity brings a new layer of security and peace of mind to all crypto users. T. Bertossi Founder and CEO - Vanity Global OÜ Vanity is the first token ever released on any blockchain to provide custom wallet and contract addresses for Bitcoin, Ethereum, Binance Smart Chain, Litecoin and Dogecoin chains. Website: https://vanity.global Marketplace: https://marketplace.vanity.global Telegram: https://t.me/vanitytokenofficial Päevalille tn 6-15, Tallinn, 13517, Estonia Copyright © 2022 Vanity Global OÜ \| All Rights Reserved. Contact Information: Lili Vanity Accountant [email protected] Tommaso Bertossi Founder and COO [email protected] Related Images Image 1 This content was issued through the press release distribution service at Newswire.com . Attachment Featured Image for Vanity Global OÜ', 'The Company aims to be the mainstream distributor of personalized wallets for crypto users, Exchanges and Companies.\nFeatured Image for Vanity Global OÜ\nTALLINN, Estonia, Sept. 24, 2022 (GLOBE NEWSWIRE) -- Vanity, a blockchain solution corporation, has recently announced its partnership with Safemoon; alongside the already established partners and more to come, Vanity Global is quickly growing as the leader in personalization in the crypto space.\nIn order to achieve this goal, Vanity has developed a way to generate any wallet address with a custom prefix, up to 11 leading characters. An ordinary address consists of random letters and numbers, for example 0x0xb1c7f…, which can lead to stressful operations while sending funds to and from an exchange/wallet due to countless double checks. Vanity offers a real solution to this problem by giving crypto users a way to customize their wallet address, like 0xC0DE911.., and instantly recognize it as their own, simplifying the process of making a transaction.\nSecurity is the main aspect of the company. Vanity operates using two different methods combined: user-end generation and split key generation. Acknowledging the technical process is required to understand the difference inside a key pair. Any wallet generated on the blockchain consists of three parts: a public key, an address, and a private key. Both the public key and the address are visible to everyone and do not compromise the security of the wallets.\nWhile generating an address with Vanity two pieces are required to be merged in order to generate the custom wallet private key, which is the "password" that is used to import and interact with the wallet. The user-end generation is a serverless step made locally on the customer\'s browser, ensuring that zero data travels on the internet. This operation generates a new key pair, and the customer is required to save the "Vanity Key" and sends to the team the public key, officially requesting the generation of the wallet.\nThe Split Key generation now takes place, where the public key and high computing power is used by Vanity to generate another key, which is not yet the customized one and saved inside the same database. At this point, the customer has everything needed to create the private key of the desired address and using again user-end generation, it only requires pasting the Vanity Key saved and clicking one button to generate the final Vanity address private key.\nFor the best user experience, Vanity has simplified this process to a total of three clicks and does not require any advanced knowledge from the customer side.\nWe wanted to make transacting easier and safer, removing the feeling of anxiety of losing funds earned with hard work by sending to a wrong address and not noticing it. Vanity brings a new layer of security and peace of mind to all crypto users.\nVanity is the first token ever released on any blockchain to provide custom wallet and contract addresses for Bitcoin, Ethereum, Binance Smart Chain, Litecoin and Dogecoin chains.\nWebsite:https://vanity.globalMarketplace:https://marketplace.vanity.globalTelegram:https://t.me/vanitytokenofficial\nPäevalille tn 6-15, Tallinn, 13517, EstoniaCopyright © 2022 Vanity Global OÜ \| All Rights Reserved.\nContact Information:Lili [email protected] BertossiFounder and [email protected]\nRelated Images\nImage 1\nThis content was issued through thepress release distribution service at Newswire.com.\nAttachment\n• Featured Image for Vanity Global OÜ', "A humorous photo of an older man holding a beach ball in front of him. His swimsuit is around his ankles. Getty Images Warren Buffett is famous for saying “Only when the tide goes out do you discover who's been swimming naked.” If you invested in cybercoins, the news has not been good lately. Are you wearing your bathing suit?\xa0 What to do?\xa0 Is time to take your profits … or cut your losses? The international investment community was shocked and saddened to learn of the utterly unexpected news that millions of investors worldwide were victims of a pyramid scheme involving cryptocurrency accounts controlled by “founders” in Tbilisi, Republic of Georgia, and Moscow. The SEC charged 11 people in the case in August. No, wait. Nobody was shocked or surprised. This was the least surprising story of 2022.\xa0 If you were playing “Password” and the first two clues were “Cryptocurrency” and “Moscow,” the only rational guesses would be “Pyramid” or “Ponzi.”\xa0 Full credit for either answer. Domestic actors have been at work as well.\xa0 The founder of California’s Titanium Blockchain Infrastructure Services recently pleaded guilty to a cryptocurrency fraud scheme that raised $21 million. The cryptocurrency world has been conjured out of thin air in the last decade or so.\xa0 Across the globe, new crypto products have appeared, along with new uses for those products, and new markets for the exchange of these products.\xa0 It includes crypto derivatives, synthetics, and electronic arbitrage trading systems run by bots. For better or worse, this is now a $10 trillion plus marketplace that is largely unregulated. SEE MORE What Happens to Your Crypto Assets When You Die? Most of the participants in that space are sincere entrepreneurs seeking to carve out a “first mover” advantage in a new and currently lightly regulated frontier. But a recent exposé by Bloomberg on the stablecoin business questions the backgrounds of some of the entrepreneurs that have introduced crypto products.\xa0 And naturally, because some of the uses of cryptocurrency – money laundering comes immediately to mind – are highly attractive to persons who would prefer to remain clear of regulators, taxing authorities and criminal investigators, cryptocurrency has attracted its share of out and out criminals. Story continues Even where criminal activity isn’t present, the “wild west” unregulated cryptocurrency world is fraught with more risk than the more conventional banking and investment world. Warren Buffett’s bridge partner Bill Gates has recently stated that cryptocurrencies are “100% based on greater fool theory,” that is, the idea that overvalued assets will go up in price when there are enough foolish investors willing to pay more for them. SEE MORE How to Educate Yours Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-09-24 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $365,926,693,656 - Hash Rate: 232575585.79796788 - Transaction Count: 228040.0 - Unique Addresses: 588364.0 Social & AI Sentiment: - Fear & Greed Index: 0.24 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Singapore --News Direct-- DeFiChain DeFiChain , the world’s leading blockchain on the Bitcoin network dedicated to bringing decentralized financial applications and services to everyone, officially announces the listing of its native DFI token on Huobi Global, one of the world’s leading cryptocurrency exchanges. The token starts trading against USDT on Huobi on July 25th at 06:00 (UTC), while DFI withdrawals are scheduled to open at 07:00 (UTC) on July 26th. Traders and investors buying DFI on Huobi will be able to transfer the token to their DeFiChain wallet or wherever they want. The DFI token is already available for trading on Kucoin, Bybit (ERC-20 format), Bittrex, Bitrue, Hotbit, and Bitpanda. “Getting listed on Huobi is another big step for DeFiChain. We are happy that more and more big exchanges list DFI. Due to the variety of real world assets available on DeFiChain, more and more top tier exchanges are looking forward to listing DFI. With every additional listing it becomes easier for the masses to enter the world of native decentralized finance on DeFiChain,” said Benjamin Rauch, Marketing Director at DeFiChain Accelerator. Founded in 2013, Huobi is one of the world’s leading cryptocurrency exchanges. The listing on Huobi will improve the accessibility of DFI among the global cryptocurrency user base. Huobi enables users to buy, sell, stake, and borrow a broad array of cryptocurrencies, providing an encompassing ecosystem for experienced crypto traders and investors. Huobi was recently granted provisional approval by the Dubai Virtual Assets Regulatory Authority to offer virtual asset exchange products and services to pre-qualified investors and professional financial service providers. The DFI token opens up the world to the DeFiChain ecosystem. It is at the core of all activities on the DeFiChain blockchain including: Providing liquidity in multiple pools Staking for blockchain consensus and security As collateral to mint or borrow stock tokens and the dUSD stablecoin As a reward token. All DEX rewards are paid out in DFI Governance token of DeFiChain Story continues DeFiChain is a fully decentralized blockchain with on-chain governance. Since its mainnet launch in May 2020, the project has seen an enthusiastic involvement from the community in almost all aspects of the blockchain, from nodes, masternodes, projects, tools, governance, economic ideas, to code governance. Its codebase has been developed in an open source manner, and widely peer-reviewed and discussed by many. About DeFiChain DeFiChain is a decentralized Proof-of-Stake blockchain created as a hard fork of the Bitcoin network to enable advanced DeFi applications. It is dedicated to enabling fast, intelligent, and transparent decentralized financial services. DeFiChain offers liquidity mining, staking, decentralized assets, and decentralized loans. The DeFiChain Foundation's mission is to bring DeFi to the Bitcoin ecosystem. Media contact: Benjamin Rauch, [email protected] For more information, visit : Website \| Twitter \| Discord \| GitHub Contact Details DeFiChain Benjamin Rauch [email protected] View source version on newsdirect.com: https://newsdirect.com/news/defichains-dfi-token-starts-trading-on-huobi-global-302306414... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Pound Dollar Sterling Slump Budget Recession Kwasi Kwarteng Shares, bonds, commodities such as oil, even gold and its supposed digital rival Bitcoin: all dropped in unison on Friday as fears of a global recession , not to mention Vladimir Putin’s escalation of the war in Ukraine, unnerved investors everywhere. The American dollar, still the world’s ultimate “safe haven” asset, was about the only thing to gain; other currencies, especially the pound as investors gave the thumbs down to Kwasi Kwarteng’s mini-Budget, lost value against the greenback. This is how the day played out. The pound The most dramatic development yesterday was the crash in the value of sterling. At the start the day it bought $1.125 but had fallen to $1.116 at 9.30am, about when Mr Kwarteng started to speak. It fell sharply over the afternoon to a low of $1.089 at 5.30pm before a slight recovery to $1.09 – a fall of 3.1pc. A month ago, a pound was worth $1.18, down from $1.37 in mid-January and $1.44 at its post-Brexit-vote peak in April 2018. It has declined 24pc since then. Until yesterday many commentators saw the pound’s weakness as a consequence of the strength of the dollar rather than a problem with the British currency, because other world currencies had also lost value against the greenback. Sterling’s fall accelerated yesterday while the decline in the euro and yen against the dollar was more muted, although its weakness was undoubtedly driven in part by the global turmoil. The euro fell by 1.4pc on Friday and the yen by less than 1pc. Stocks The FTSE 100 briefly dipped below the psychologically important level of 7000 on Friday. After starting the day at 7155, it fell steadily all morning to 6994 at noon before recovering slightly to close at 7019, a fall of just under 2pc. The blue chip index is dominated by international companies, but the more domestically focused FTSE 250 fell by almost the same amount. Normally a falling pound would prop up multinational stocks relative to domestic ones because their overseas earnings become more valuable, but this relationship broke down on Budget day. Story continues This echoes what happened the day after Britain voted for Brexit, when panicking investors sold everything and forgot that the falling value of the pound – it crashed severely that day – would be good for the FTSE 100’s companies. Only in the subsequent days did the penny drop, something that may be repeated next week if the pound fails to recover. Other countries’ stock markets also fell severely. On Wall Street the Dow Jones fell below 30,000 to close 1.6pc lower at 29,590. The Nasdaq market for technology stocks lost 1.8pc. In France the benchmark CAC 40 fell by just 0.2pc, however, while in Germany, the Dax lost 2pc. The pan-European Stoxx 600 index dropped by 2.3pc. Bob Schwartz, senior economist at Oxford Economics, the consultancy, said: “Financial markets are throwing in the towel, now fully convinced the Fed [America’s Federal Reserve] will do whatever it takes to curb inflation, including bringing on a recession. Stock prices plunged to the lowest level of the year on Friday and [bond] yields staged another leap upward in anticipation of a string of additional rate hikes.” Commodities Fears of a recession caused the oil price to fall by 4pc to $86.71 on Friday, compared with highs of about $130 after the Russian invasion of Ukraine. This was dwarfed by the 10.2pc fall in the price of iron ore – another key economic bellwether. Bonds Gilts, or British government bonds, also slumped on Friday as the biggest losers in a wider European sell-off. One 10-year issue fell from £106.40 to £103.50, a decline of 2.7pc, and a German equivalent lost a more modest 0.5pc to Eu97.2 from Eu97.7. American bonds did better, again reflecting America’s safe haven status: one 10-year issue gained a fraction from $92.02 to $92.10. Gold Gold is normally the asset that investors turn to when everything else is falling but not on Friday: it fell by 1.7pc from $1,673 to $1,644. Bitcoin, touted by its proponents as a digital replacement for gold thanks to its scarcity, lost a similar 1.8pc from $19,400 to $19,094.', 'Shares, bonds, commodities such as oil, even gold and its supposed digital rival Bitcoin: all dropped in unison on Friday asfears of a global recession, not to mention Vladimir Putin’s escalation of the war in Ukraine, unnerved investors everywhere.\nThe American dollar, still the world’s ultimate “safe haven” asset, was about the only thing to gain; other currencies, especially the pound as investors gave the thumbs down to Kwasi Kwarteng’s mini-Budget,lost value against the greenback.\nThis is how the day played out.\nThe most dramatic development yesterday was the crash in the value of sterling. At the start the day it bought $1.125 but had fallen to $1.116 at 9.30am, about when Mr Kwarteng started to speak. It fell sharply over the afternoon to a low of $1.089 at 5.30pm before a slight recovery to $1.09 – a fall of 3.1pc.\nA month ago, a pound was worth $1.18, down from $1.37 in mid-January and $1.44 at its post-Brexit-vote peak in April 2018. It has declined 24pc since then.\nUntil yesterday many commentators saw the pound’s weakness as a consequence of the strength of the dollar rather than a problem with the British currency, because other world currencies had also lost value against the greenback.\nSterling’s fall accelerated yesterday while the decline in the euro and yen against the dollar was more muted, although its weakness was undoubtedly driven in part by the global turmoil. The euro fell by 1.4pc on Friday and the yen by less than 1pc.\nTheFTSE 100 briefly dippedbelow the psychologically important level of 7000 on Friday. After starting the day at 7155, it fell steadily all morning to 6994 at noon before recovering slightly to close at 7019, a fall of just under 2pc.\nThe blue chip index is dominated by international companies, but the more domestically focused FTSE 250 fell by almost the same amount. Normally a falling pound would prop up multinational stocks relative to domestic ones because their overseas earnings become more valuable, but this relationship broke down on Budget day.\nThis echoes what happened the day after Britain voted for Brexit, when panicking investors sold everything and forgot that the falling value of the pound – it crashed severely that day – would be good for the FTSE 100’s companies. Only in the subsequent days did the penny drop, something that may be repeated next week if thepound fails to recover.\nOther countries’ stock markets also fell severely. On Wall Street the Dow Jones fell below 30,000 to close 1.6pc lower at 29,590. The Nasdaq market for technology stocks lost 1.8pc. In France the benchmark CAC 40 fell by just 0.2pc, however, while in Germany, the Dax lost 2pc. The pan-European Stoxx 600 index dropped by 2.3pc.\nBob Schwartz, senior economist at Oxford Economics, the consultancy, said: “Financial markets are throwing in the towel, now fully convinced the Fed [America’s Federal Reserve] will do whatever it takes to curb inflation, including bringing on a recession. Stock prices plunged to the lowest level of the year on Friday and [bond] yields staged another leap upward in anticipation of a string of additional rate hikes.”\nFears of a recession caused the oil price to fall by 4pc to $86.71 on Friday, compared with highs of about $130 after the Russian invasion of Ukraine.\nThis was dwarfed by the 10.2pc fall in the price of iron ore – another key economic bellwether.\nGilts, or British government bonds, also slumped on Friday as the biggest losers in a wider European sell-off. One 10-year issue fell from £106.40 to £103.50, a decline of 2.7pc, and a German equivalent lost a more modest 0.5pc to Eu97.2 from Eu97.7. American bonds did better, again reflecting America’s safe haven status: one 10-year issue gained a fraction from $92.02 to $92.10.\nGold is normally the asset that investors turn to when everything else is falling but not on Friday: it fell by 1.7pc from $1,673 to $1,644.\nBitcoin, touted by its proponents as a digital replacement for gold thanks to its scarcity, lost a similar 1.8pc from $19,400 to $19,094.', "Conventional wisdom holds that if the dollar is stronger, assets such as cryptocurrencies get cheaper. Yet is that really the case?\nThis past week, the Federal Reserve did exactly what most people predicted: It raised the fed funds rate by 75 basis points – for the third time in a row. For months now, consumer prices have surged at a rate not seen since thefourth season of Diff’rent Strokes– so raising borrowing costs, it’s hoped, will make money a little more expensive and thus cool the hot economy.\nHigher interest rates fuel demand for dollars (to put it in terms crypto folks can understand, remember how everyone was buying UST because of the near 20% APYs the Anchor protocol was paying back in April?). The U.S. Dollar Index, which measures the greenback against a basket of six foreign currencies, is now trading at a 20-year high after surging about 20% in the last year. In that time, bitcoin (BTC) has dropped a whopping 58%.\n“Dollar strength is a unilateral and powerful force,” said Mark Conners, head of research at 3IQ, on CoinDesk TV’s“First Mover” program Friday. “The term ‘tsunami’ is thrown out a lot, but it really, accurately represents what happens in a period of dollar strength. It just pulls other assets away from currencies.”\nNonetheless, it’s worth cautioning that one shouldn’t read too much into this. After all, crypto is still in its nascent stages compared to other asset classes. It has its own idiosyncrasies and prices move for reasons other than, say, dollar strength.\nFor example, bitcoin hit an all-time high in November 2021, trading at close to $69,000, more than quadruple where it was the year before. During that time frame, the dollar index went from roughly 92.7 to 95.\nFurthermore, prices often appear to move in relation Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-09-25 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $366,688,625,275 - Hash Rate: 234168569.2623376 - Transaction Count: 212009.0 - Unique Addresses: 574037.0 Social & AI Sentiment: - Fear & Greed Index: 0.24 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: DUBAI, United Arab Emirates, Aug. 12, 2022 (GLOBE NEWSWIRE) --Jax.Network, a blockchain merge-mined with Bitcoin, has launched a mining pool. JaxPool is a BTC mining subpool under a top-5 mining pool. Its goal is to merge-mine Bitcoin with the Jax.Network blockchain and provide miners with increased profitability. To encourage miners to merge-mine Jax.Network,JaxPooloffers negative fees on BTC mining. This means that miners not only don’t have to pay any fees but also receive a 1% bonus on the mined BTC. As an added benefit, JaxPool miners are entitled to a portion of block rewards for merge-mining Jax.Network paid in JXN coins. Miners can join the pool via one of the two modes. Mode 1 implies that miners will merge-mine the Jax.Network beacon chain along with BTC and receive their reward in BTC. They also will receive JXN coins as an additional reward but they won’t be able to use a negative fee offer. Mode 2 allows miners to use a -1% fee, however, they won’t receive any locked JXN rewards; only 20 unlocked JXN. Please note that the Mode 2 offer is eligible only for the first 700 PH/s. “We clearly understand that miners need a stable and secure business model, especially during bear markets. JaxPool comes as a life jacket, offering a one-of-a-kind proposal to keep BTC miners afloat,” Vinod Manoharan, Founder of Jax.Network commented. About Jax.Network Jax.Networkprovides the technological infrastructure for a decentralized energy-standard monetary system. The Jax.Network blockchain is anchored to the Bitcoin network and issues two digital currencies JAX and JXN. JAX is a stablecoin pegged to the energy spent on mining, while JXN is an asset coin representing the value of the whole network. The Jax.Network team aims at making these coins a universal standard for the quantification of economic value. Established in 2018, the company united professionals from all over the world to build a blockchain network based on the Proof-of-Work consensus mechanism and pure state sharding as a scaling solution. About JaxPool JaxPoolis a BTC mining subpool under a top-5 mining pool. Its goal is to merge-mine Bitcoin with the Jax.Network blockchain and provide miners with increased profitability. CONTACTViktoriya Nechyporuk, Marketing Communications LeadCOMPANYJax.NetworkPHONE+380 67 657 [email protected]://jax.network... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening:\nPrices:Bitcoin spent much of the weekend in the red and below $19,000; other cryptos also fall.\nInsights:The \'most profitable\' mining GPU won\'t offer much of a payoff; investors would do better with a bitcoin mining stock.\nCatch the latest episodes ofCoinDesk TVfor insightful interviews with crypto industry leaders and analysis. Andsign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context.\n●Bitcoin (BTC): $18,870−0.5%\n●Ether (ETH): $1,307−1.1%\n●CoinDesk Market Index (CMI): $941−0.8%\n●S&P 500 daily close: 3,693.23−1.7%\n●Gold: $1,652 per troy ounce+0.4%\n●Ten-year Treasury yield daily close: 3.70%−0.01\nBitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found atcoindesk.com/indices.\nBitcoin Sticks Near $19K as Most Cryptos Spend the Weekend in the Red\nBy James Rubin\nWith a couple of brief detours higher, bitcoin remained below $19,000 throughout the weekend.\nThe largest cryptocurrency by market capitalization was recently trading at about $18,800, down slightly less than a percentage point over the past 24 hours. The decline capped a turbulent week of steep interest rate hikes by the U.S. Federal Reserve and other central banks and shrinking economic indicators that point increasingly toward recession.\n"Bitcoin remained under pressure due to the macro economic environment, and we maintain that below $20,000 remains a strong accumulation opportunity for mid- to long-term horizons," said Joe DiPasquale, CEO of crypto fund manager BitBull Capital.\nPost Merge Ether spent a similarly dreary weekend almost entirely in the red. The second largest crypto in market value was recently changing hands at about $1,300, down more than a percentage point from the previous day, same time. ETH has been trading lower over the 10 days since the Merge, the technological shift of the Ethereum blockchain to a more energy efficient, proof-of-stake protocol. Other major cryptos were largely in the red with SOL and popular memecoin DOGE each down more than 2%.\nTheCoinDesk Market Index, which tracks the performance of 20 major cryptocurrencies, remained largely unchanged at approximately 940. The crypto Fear & Greed Index measuring investor sentiment has inched down again from fear to extreme fear territory.\nStocks\nCrypto price decreases dovetailed with equity markets and other assets – riskier and more safe haven – that closed down during a dismal Friday. The tech-focused Nasdaq and S&P 500, which has a strong technology component, tumbled 1.8% and 1.7%, respectively. Those indexes have plunged five of the past six weeks amid ongoing investor fears about inflation and the economy. Cryptos have largely tracked stocks this year.\nAfter chewing over the Fed\'s hawkish, 75 basis point rate increase and deteriorating housing numbers, markets will be scrutinizing U.S. durable goods orders for September, the U.S. Conference Board\'s latest consumer confidence index and August, new home sales. Economic observers widely expect durable goods orders to resemble last month\'s total, and a drop-off in new home sales. On Friday, the University of Michigan releases its next consumer sentiment index, which measures consumer attitudes about business conditions and personal finance, among other criteria.\nMeanwhile, the dollar\'s recent surge has suggested that cryptocurrency prices are likely to continue languishing, although CoinDesk\'s Lawrence Lewitinnalso notedin a Sunday column that cryptos, similar to equities, have been more nuanced in their response to events.\nFor example, in the seven days following the release earlier this month of a disappointing Consumer Price Index, the CoinDesk Smart Contract Platform Index (SMT), which includes ETH, ADA and SOL, plunged almost 20%, while the CoinDesk Culture & Entertainment Index (CNE) – filled with NFT-related and metaverse coins like ApeCoin’s APE and The Sandbox’s SAND slipped by “only” 6.9%. (Lewitinn noted that the Smart Contract Index\'s fall stemmed at least partly from ether\'s decline following the Merge)\n"Crypto is still in its nascent stages compared to other asset classes," Lewitinn wrote. "It has its own idiosyncrasies and prices move for reasons other than, say, dollar strength."\nHe added: "For traders, thinking about crypto in terms of segments means, among other things, coming up with more sophisticated ways to trade in a rising-rate environment.\nDespite bitcoin\'s fretful behavior last week, BitBull\'s DiPasquale noted optimistically that "the $18,000 level has continued to provide decent support."\n"If BTC doesn\'t break down in the coming days, we could see upward movement in October with $24k and $26k being initial levels to watch," he wrote.\n[{"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+3.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "+3.3%", "DACS Sector": "Computing"}, {"Asset": "XRP", "Ticker": "XRP", "Returns": "+1.5%", "DACS Sector": "Currency"}]\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22127.3%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22122.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "\\u22122.4%", "DACS Sector": "Currency"}]\nMining GPUs Won\'t Generate Much\nBy Sam Reynolds\nEthereum’s Mergehappened 12 days ago, writing the obituary forGPU mining. Days after The Merge, one graphics card manufacturer took the coming glut of cards (which are already not that profitable to produce)to quit the businessaltogether.\nDespite this, there are still proof-of-work tokens on the market. These aren’t exactly blue-chip tokens on the front page of CoinGecko, but rather altcoins likeBitcoinGold,Neoxa(which has a market cap of $4 million) orCortex.\nBut the numbers aren’t going to work for miners looking to snap up some now-plentiful, used GPUs for mining. The best case scenario, using the GeForce GTX 1060, which goes on the second-hand market for $100, sees the card’s value being recovered in mined crypto in 35 months or almost three years.\nAnd that’s based on a lot of assumptions. There’s not a rugpull with the token. The card doesn’t break down – a possibility with months of constant use – and the token’s value stays the same or increases (that’s asking a lot in the world of crypto).\nAbsent from these assumptions are power costs. Adding them to the calculation is beyond the scope of the tool from 2cryptocalc’s abilities.\nBut what if you wanted to mine a semi-useful token?For that, consider WhattoMine, which gives us the ability to calculate mining profitability based on hashrate and power cost.\nOur trusty GeForce GTX 1060 has a hashrate of23Mh/s for Etchash, the algorithm used for Ethereum Classic.\nRun the numbers, and it\'s pretty grim. Using one card, and the average cost per kilowatt hour in theU.S. of $0.17, the card makes $1.80 in profit per month. Meaning that it won’t break even for 55.5 months, or 4.62 years.\nIf this was scaled a hundred-fold, where the hash rate was now 2300 Mh/s, 100 of these cards would generate $182.6 per month in profit.\nEven with ASICs, specialized silicon that’s built for mining, the math isn’t much better unless you have extreme scale. Data now shows that the most profitable ASIC miner for retail miners, the Bitmain Antminer L7,generates $8 in profit per dayas part of the Nicehash pool.\nIt’smore profitableto just own stocks of listed mining companies.\n8:30 a.m. HKT/SGT(12:30 a.m. UTC):Jibun Bank Manufacturing PMI(Sept./preliminary)\n1:35 p.m. HKT/SGT(5:35 a.m.):Speech by Bank of Japan GovernorHaruhiko Kuroda\n3:30 p.m. H1HKT/SGT(7:30 a.m. UTC): Speech by Luis De Guindos\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Slips Below $19K; Coinbase Policy Chief on Crypto’s Role Ahead of Midterms\nWith the midterm elections around the corner, Coinbase Chief Policy Officer Faryar Shirzad joined "First Mover" to discuss why the crypto exchange wants to let U.S. users track how crypto-friendly their local politicians are through its app. Mark Connors, head of research at 3IQ, joined the markets discussion. Plus, Anne Fauvre-Willis of NFT marketplace OpenSea.\nTroubled Data Center Compute North Struggled With Crypto Winter. Then Its Relationship With a Major Lender Soured:The company was financed by Generate Capital, which seized the data-center operator’s assets.\nBitcoin Miner Iris Energy Signs $100M Equity Deal With B. Riley:B. Riley previously signed a similar deal with Core Scientific in July.\nEthereum Merge Vastly Increased Stakefish’s Profile, but 25% of Its Employees Are Gone Anyway:Layoffs at stakefish took effect on the same day as the Ethereum Merge – just as they were set to play a key role in securing the revamped blockchain.\nCelsius Shareholders File to Stake Their Claim for Bankruptcy Payouts:A motion filed by lawyers says the Celsius bankruptcy is “all about the customers” and “without regard for the equity holders.”\nWhat Cardano’s Highly Anticipated Vasil Hard Fork Will Bring:Vasil delivers an updated version of Cardano’s smart contract scripting language: Plutus v2.', 'Good morning. Here’s what’s happening: Prices: Bitcoin spent much of the weekend in the red and below $19,000; other cryptos also fall. Insights: The \'most profitable\' mining GPU won\'t offer much of a payoff; investors would do better with a bitcoin mining stock. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. And sign up for First Mover , our daily newsletter putting the latest moves in crypto markets in context. Prices ● Bitcoin ( BTC ): $18,870 −0.5% ● Ether ( ETH ): $1,307 −1.1% ● Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-09-26 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $367,992,392,267 - Hash Rate: 238947519.65544644 - Transaction Count: 259311.0 - Unique Addresses: 614435.0 Social & AI Sentiment: - Fear & Greed Index: 0.21 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: BANGKOK (AP) — Shares advanced Thursday in Asia after benchmarks closed at three-month highs on Wall Street as investors cheered a report showing inflation cooled more than expected in July. Hong Kong, Shanghai and Seoul saw gains of more than 1%. Tokyo was closed for a holiday. U.S. futures edged higher, while oil prices slipped. The government said Wednesday that consumer inflation jumped 8.5% in July from a year earlier. But that was down from June’s four-decade high of 9.1%. The S&P 500 surged 2.1% on expectations that slower inflation will mean the Federal Reserve may moderate its interest rates hikes. Technology stocks, cryptocurrencies and other investments that have been among the year’s biggest losers due to the Fed’s aggressive rate hikes led the way. Hong Kong's Hang Seng index added 1.9% to 19,982.20 while the Shanghai Composite index gained 1.2%, to 3,268.02. The Kospi in Seoul rose 1.3% to 2,513.22 and Taiwan's Taiex was up 1.5%. In Thailand, the SET picked up 0.4% after the country's central bank raised its benchmark interest rate by 0.25 percentage points to 0.75% a day earlier. The Southeast Asian country's economy has been hard hit by the pandemic, which ravaged its all-important tourism sector. On Wall Street, the S&P 500 rose 87.77 points to 4,210.24, hitting its highest levels since early May. It is now nearly 15% above its mid-June low. The Nasdaq composite, whose many high-growth and expensive-looking stocks have been particularly vulnerable to interest rates, jumped 2.9% to 12,854.80. It's up more than 20% from June. The Dow Jones Industrial Average rose 1.6% to 33,309.51. Technology stocks, cryptocurrencies and other of the year's hardest-hit investments were some of the day's biggest winners. Bitcoin rose 2.2% to just under $24,000. Lower prices for gasoline and oil helped tempered inflation in July. But excluding that and volatile food prices, so-called “core inflation” held steady last month, at 5.9%, instead of accelerating as economists had forecast. Story continues The data encouraged traders to scale back bets for how much the Fed will raise interest rates at its next meeting. Interest rates help set where prices go across financial markets and higher rates tend to pull down prices for everything from stocks to commodities to crypto. Other reports this week will show how inflation is doing at the wholesale level and whether U.S. households are still ratcheting down their expectations for coming inflation, an influential data point for Fed officials. Prices for bonds soared immediately after the inflation report’s release, pulling their yields lower. The yield on the two-year Treasury, which tends to track expectations for the Fed, fell to 3.19% from 3.27% late Tuesday. The 10-year yield initially fell, though stabilized later in trading. It edged higher to 2.79% from 2.78% late Tuesday. It remains below the two-year yield and many investors see such a gap as a fairly reliable signal of a coming recession. Recession worries have built as the highest inflation in 40 years squeezes households and corporations around the world. Wall Street is closely watching to see if the Fed can succeed in hitting the brakes on the economy and cooling inflation without veering into a recession. The Federal Reserve will get a few more highly anticipated reports before its next announcement on interest rates, on Sept. 21. They could also alter its stance. Those include data on hiring trends across the economy, due Sept. 2, and the next update on consumer inflation, coming on Sept. 13. In other trading, U.S. benchmark crude oil shed 15 cents to $91.78 per barrel in electronic trading on the New York Mercantile Exchange. It gained $1.43 to $91.93 on Wednesday. Brent crude, the basis for international pricing, lost 10 cents to $97.30. The U.S. dollar rose to 133.20 Japanese yen from 132.93 yen late Wednesday. The euro slipped to $1.0288 from $1.0300. ___ AP Business Writers Stan Choe and Damian J. Troise contributed.... - Reddit Posts (Sample): [['u/allthatandabagochips', 'Got scammed, how can I tell if BTC ended up in on an exchange? Can I do anything if it does?', 12, '2022-09-26 00:47', 'https://www.reddit.com/r/CryptoCurrency/comments/xo1ja7/got_scammed_how_can_i_tell_if_btc_ended_up_in_on/', "There was a rather large scam in another sub, that unfortunately I was a part of. I obviously have the address I sent to, but wondering where the BTC went that was sent from that wallet? I think if I'm reading the transactions right some ends up in a wallet that appears to be an Exchange or whale? Is there a tool to help visualize BTC wallet transactions?\n\nHere is the wallet in question: https://www.blockchain.com/btc/address/3KWG7RiVBMgErN3eBur6tHizcLPYySxvXL\n\nWhat authorities should I even report this to? FBI? Local police? Would an exchange even freeze the BTC if it was sent through other wallets to try and wash?", 'https://www.reddit.com/r/CryptoCurrency/comments/xo1ja7/got_scammed_how_can_i_tell_if_btc_ended_up_in_on/', 'xo1ja7', [['u/PrinceZero1994', 15, '2022-09-26 00:53', 'https://www.reddit.com/r/CryptoCurrency/comments/xo1ja7/got_scammed_how_can_i_tell_if_btc_ended_up_in_on/ipwgtmf/', "I would not expect to see a cent of that money again. \nIf it ends up in Binance, most of the time they can't really do anything.", 'xo1ja7'], ['u/PrinceZero1994', 15, '2022-09-26 01:29', 'https://www.reddit.com/r/CryptoCurrency/comments/xo1ja7/got_scammed_how_can_i_tell_if_btc_ended_up_in_on/ipwlk3j/', 'This is wrong. You can track almost every crypto transaction with some exception like privacy coins.', 'xo1ja7']]], ['u/Critical_Rope_2402', 'Any other bag holders? I feel so alone.', 596, '2022-09-26 01:45', 'https://www.reddit.com/r/Bitcoin/comments/xo2v0k/any_other_bag_holders_i_feel_so_alone/', 'I have an average buy price of about 50k and listened to everyone who was saying we will never see X price again and 100k btc imminent. Now I feel like an absolute idiot and whenever I see those same people who I listened to now saying that Bitcoin will go to 10k makes it sting even more. I know the common advice people will give is to keep dca and lower your average but I put in my life savings and don’t currently have the room in my budget. Now everyone here is saying that the next bullrun will take another 2-3 years which will feel like an eternity so how can I deal with the depression of being a bag holder? Also any other bag holders out there can comment so I don’t feel so alone and stupid? Thanks.\n\nEdit: Wow. Had no idea this post would blow up like this. Thank you all for your support. I feel better now and have learnt some valuable lessons. Will continue to hodl and educate myself on Bitcoin. Also sorry if I’ve not responded I’ve received a lot of dms it’s just very hard to differentiate genuine people and scammers these days but I thank you genuine people who have reached out privately from the bottom of my heart.', 'https://www.reddit.com/r/Bitcoin/comments/xo2v0k/any_other_bag_holders_i_feel_so_alone/', 'xo2v0k', [['u/twalker14', 25, '2022-09-26 01:49', 'https://www.reddit.com/r/Bitcoin/comments/xo2v0k/any_other_bag_holders_i_feel_so_alone/ipwo5tn/', 'There’s plenty out there. Just read more about Bitcoin, and you won’t feel so bad. Highly recommend The Bitcoin Standard. \n\nMaybe next time when it comes to speculative investing, you’ll do more research instead of just jumping in because some people said “it’s bound to only go up!”', 'xo2v0k'], ['u/11010110111110111', 83, '2022-09-26 01:50', 'https://www.reddit.com/r/Bitcoin/comments/xo2v0k/any_other_bag_holders_i_feel_so_alone/ipwoc07/', 'How soon were you planning for your exit goal? 4 year cycle is typical to stay in. Just hodl tight. I came in at a previous high point, but it don’t look high anymore', 'xo2v0k'], ['u/vitamin_big_d', 22, '2022-09-26 01:55', 'https://www.reddit.com/r/Bitcoin/comments/xo2v0k/any_other_bag_holders_i_feel_so_alone/ipwoxoq/', 'Average down', 'xo2v0k'], ['u/Critical_Rope_2402', 36, '2022-09-26 01:58', 'https://www.reddit.com/r/Bitcoin/comments/xo2v0k/any_other_bag_holders_i_feel_so_alone/ipwp80r/', 'I’m okay with holding for long term. Just upset because all I heard was we’ll never go below 40k and fast forward we’re below 20k heading to 10k. I thought I missed out fomo’d in but if I would have waited an extra year I could have had triple the btc I have now. But hindsight is 2020 as they say😒', 'xo2v0k'], ['u/Cardiologist365', 27, '2022-09-26 02:01', 'https://www.reddit.com/r/Bitcoin/comments/xo2v0k/any_other_bag_holders_i_feel_so_alone/ipwpn33/', 'I gambled away my life savings. Look on the brightside atleast you have btc to hold😆', 'xo2v0k'], ['u/nkantzavelos', 38, '2022-09-26 02:01', 'https://www.reddit.com/r/Bitcoin/comments/xo2v0k/any_other_bag_holders_i_feel_so_alone/ipwpn4l/', 'Hey there. As someone who bought a bag in a very similar situation to yours all I can say is try distract yourself by reading and learning about bitcoin. that will most definitely give you confidence in the decision you made even though it might look crappy right now. Don’t know about you but I bought with the intent to hold for a long time so I have not once considered selling or panicked over the price. Occasionally I get those if only thoughts where I think if I had held off I could of bought more for the same amount invested but hindsight is a beautiful thing and no one ever knows. So no your not alone and no you have no reason to feel shitty. Hope that makes you feel better 🤜', 'xo2v0k'], ['u/Critical_Rope_2402', 12, '2022-09-26 02:09', 'https://www.reddit.com/r/Bitcoin/comments/xo2v0k/any_other_bag_holders_i_feel_so_alone/ipwqlze/', 'Already done that before. This my second life savings. Hurts to be a bag holder but beats losing everything forsure.', 'xo2v0k'], ['u/Ok_Annual_4866', 624, '2022-09-26 02:11', 'https://www.reddit.com/r/Bitcoin/comments/xo2v0k/any_other_bag_holders_i_feel_so_alone/ipwqumr/', 'I lost everything in shitcoin scams. Be glad you’re in Bitcoin and are holding something valuable.', 'xo2v0k'], ['u/TopAlert2383', 20, '2022-09-26 02:12', 'https://www.reddit.com/r/Bitcoin/comments/xo2v0k/any_other_bag_holders_i_feel_so_alone/ipwr0t9/', "You're not alone. I didn't sell everything because of greed and emotional attachment to my Bitcoin. I now know that I will always hold because Bitcoin is sound money. Your fiat is gone for now, but you have Bitcoin and you have the next 2 years to throw 20 dollars in every once and a while. You have a bright future. Stay strong and hold.", 'xo2v0k'], ['u/jaymeetee', 88, '2022-09-26 02:12', 'https://www.reddit.com/r/Bitcoin/comments/xo2v0k/any_other_bag_holders_i_feel_so_alone/ipwr2fh/', "Firstly you are absolutely not alone, the speed of the last bull run was clearly folks FOMOing in, likely for the first time. Plenty of people bought the top and either lost money or, like you, feel like they lost money. I know folks roll their eyes when 'veterans' talk of previous bull runs but 2017 was exactly the same. People hodling bags in 2018 convinced they were screwed. But then 2-3 years later they were grinning like loons. If you can afford to hodl you will be rewarded...", 'xo2v0k'], ['u/Marcion_Sinope', 102, '2022-09-26 02:14', 'https://www.reddit.com/r/Bitcoin/comments/xo2v0k/any_other_bag_holders_i_feel_so_alone/ipwra2e/', 'At least ur not bagholding Bcash.', 'xo2v0k'], ['u/chance_waters', 31, '2022-09-26 02:25', 'https://www.reddit.com/r/Bitcoin/comments/xo2v0k/any_other_bag_holders_i_feel_so_alone/ipwspyq/', "It's not like you're in a shit coin my dude, you're holding the best performing asset of the past decade", 'xo2v0k'], ['u/ItsPickles', 17, '2022-09-26 02:37', 'https://www.reddit.com/r/Bitcoin/comments/xo2v0k/any_other_bag_holders_i_feel_so_alone/ipwu6du/', 'I get it. Zoom out and relax. The market is getting fucked right now. Everyone is down.', 'xo2v0k'], ['u/NebuKhan', 11, '2022-09-26 02:39', 'https://www.reddit.com/r/Bitcoin/comments/xo2v0k/any_other_bag_holders_i_feel_so_alone/ipwuj3t/', 'In all honesty what else is there to put your money in? Real estate? Bonds? Not much… so even if you feel you bought at the top sit tight…. This is what many of us went thru when we bought at the height at $19k. And some may say “it was a diff macro environment, etc…”. Yes I agree. But fundamentals have not changed. Stay strong my man…', 'xo2v0k'], ['u/what_shes_having1', 60, '2022-09-26 02:45', 'https://www.reddit.com/r/Bitcoin/comments/xo2v0k/any_other_bag_holders_i_feel_so_alone/ipwva73/', 'I bought a bunch at 5K and a bunch at 69k and all the way in between. I don’t regret any of it. Get as much as you can and hold it tight. Forget about it for 10 years and enjoy early retirement down the road.', 'xo2v0k'], ['u/ip_address_freely', 522, '2022-09-26 02:51', 'https://www.reddit.com/r/Bitcoin/comments/xo2v0k/any_other_bag_holders_i_feel_so_alone/ipww46x/', 'You will find posts exactly like this stretching all the way back to 2010', 'xo2v0k'], ['u/SHTNONM420', 58, '2022-09-26 03:03', 'https://www.reddit.com/r/Bitcoin/comments/xo2v0k/any_other_bag_holders_i_feel_so_alone/ipwxovq/', "Sorry m8. The shitcoin flood in the bull run was too tempting. I made a bunch but am basically at a break even point now. Won't be dabbling with fire again next time, tired of monitoring my investments hourly.. Cost me a job and a relationship", 'xo2v0k'], ['u/Expert-Hamster-3146', 24, '2022-09-26 03:05', 'https://www.reddit.com/r/Bitcoin/comments/xo2v0k/any_other_bag_holders_i_feel_so_alone/ipwxxg8/', 'Lesson’s learned hopefully.\n\nNever fomo, never listen to YouTubers/influencers, never bring emotions into trading/investing, never go into the should’ve/could’ve/would’ve spiral, ONLY INVEST WHAT YOU CAN AFFORD TO LOSE! \n\nYou have bitcoin, get it off the exchanges and keep it safe. Forget about it, come back in 5 years. A hell of a lot of people have no idea what bitcoin is. 90% of people I ask say “oh yea crypto, I’ve heard about it”. Another 10-20 years... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening:\nPrices:Cryptos rose gently even as equities suffered through another dreary day.\nInsights:Token2049 Conference highlights Singapore\'s resurgence as a crypto and business hub.\nCatch the latest episodes ofCoinDesk TVfor insightful interviews with crypto industry leaders and analysis. Andsign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context.\n●Bitcoin (BTC): $19,198+2.3%\n●Ether (ETH): $1,333+3.2%\n●CoinDesk Market Index (CMI): $956+1.7%\n●S&P 500 daily close: 3,655.04−1.0%\n●Gold: $1,634 per troy ounce−0.7%\n●Ten-year Treasury yield daily close: 3.88%+0.2\nBitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found atcoindesk.com/indices.\nCryptos Rise Even as Stocks Suffer\nBy James Rubin\nBitcoin and ether inched upward in Monday trading, countering equity markets that closed lower but remaining in the same narrow bands they\'ve occupied for more than a week.\nThe largest cryptocurrency by market capitalization was recently trading above $19,200, a more than 2% gain over the past 24 hours. BTC has been tangoing with the $19,000 threshold for eight days, dipping and rising according to the winds of the latest economic indicators.\nEther was recently changing hands over its most recent support of $1,300, a more than 2% increase from the previous day. Most other major cryptos were largely in the green, with DOT and BSV recently up more than 6% and 5%, respectively.\n"Crypto markets are holding up quite well in the face of everything that\'s going on globally," Nauman Sheikh, managing director at Wave Financial, told CoinTV\'s "First Mover" program.\nStocks\nEquity markets, from which crypto prices have drawn their lead for much of the year, closed lower, with the Dow Jones Industrial Average (DJIA) and S&P 500 both falling over a percentage point and the tech-heavy Nasdaq dropping 0.6%. The declines came amid investors\' heightened recessionary fears that took root following a wave of hawkish interest rate hikes and economic data pointing firmly downward. The DJIA tumbled into bear market territory, meaning it has declined at least 20% from its previous peak.\nOn Monday, yields for two-year U.S. Treasurys soared to 4.3%, reaching levels last seen in August 2007. Ten-year notes topped 3.9%, their highest mark since 2010. An inverted yield curve suggests that investors are placing a higher degree of risk on short-term than longer-term lending, and historically has foreshadowed recessions that affect all risk assets. Cryptocurrencies typically move in the opposite direction of yields.\nEarlier in the day, markets were further roiled when the British pound fell to a historic low against the U.S. dollar before rallying. The drop occurred after the British government introduced its largest tax cuts in a half century to spur economic growth, but raising fresh inflation concerns.\nCrypto news offered a mix of events, negative, neutral and positive. The search for Do Kwon intensified following Interpol\'s Red Notice asking law enforcement agencies worldwide to find and arrest the Terraform Labs co-founder, pending extradition, surrender or similar legal action.\nAustraliasaidit would complete its central bank digital currency by 2023 and Walmart, the world\'s largest retailer,announceda major non-fungible token (NFT) initiative. The Walt Disney Company separately hinted at a ramped-up metaverse presence througha recent job listingfor a principal counsel specializing in non-fungible tokens and decentralized finance (DeFi).\nDespite the ongoing, macroeconomic turbulence, Jeff Dorman, chief investment officer at crypto fund manager Arca, took issue with "the convenient narrative" that ties "digital assets\' fates to macro." In his Two Satoshis newsletter, Dorman wrote that the correlation was "short-lived" and applied only to bitcoin and "a few other bellwether cryptocurrencies."\n"The future success or failure of digital asset investments will be more closely tied to user and app growth than to dot plots," he wrote, adding: "But with the Ethereum Merge in the rear-view mirror and the Federal Reserve stranglehold transparently and clearly stated, what will be the next catalyst to drive digital asset prices? To answer that, we must acknowledge how bad the data is and compare it to data points suggesting trends may reverse soon."\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "+23.1%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polkadot", "Ticker": "DOT", "Returns": "+5.6%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "+4.4%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "XRP", "Ticker": "XRP", "Returns": "\\u22125.1%", "DACS Sector": "Currency"}, {"Asset": "Stellar", "Ticker": "XLM", "Returns": "\\u22122.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "\\u22120.9%", "DACS Sector": "Smart Contract Platform"}]\nSingapore Surges Back as a Crypto and Business Hub\nBy Sam Reynolds\nGood luck trying to book a hotel in Singapore this week.\nToken2049 is in town, followed by the Formula 1 race. Despite the bear market for crypto, organizers say there are over7,000 people scheduledto attend and 2,000 companies represented.\nHotel prices areup nearly 70%from last year with the highest prices per night in a decade as visitors flock back to a Singapore free of COVID-19 restrictions. The event, which features developers and executives from leading Web3 and other blockchain-related companies, underscores not only the global return to normality but also Singapore’s resurgence as a crypto hub and business hub. It also highlights the different roads that Singapore and its perennial rival, Hong Kong, which is playing catch-up, have been traveling.\nSingapore re-opened its borders and dropped most COVID-19 restrictions in March 2022. Hong Kong isnow only doing sothis month, perhaps egged on by itsloss of the titleof top financial hub in Asia to Singapore.\nAnother loss for Hong Kong is the Token2049 conference itself. Initially, this event was a London and Hong Kong affair until it was canceled twice in Hong Kong because of pandemic restrictions.\nThis year’s Singapore Fintech Festival and Hong Kong Fintech Week are actually scheduled to be overlapping events. But as CoinDesk has previously reported, these might be two different events entirely.\nHong Kong Fintech week is less about fintech andmore about govtech: how financial technology can help Hong Kong and its firms be more efficient for Beijing’s vision of the "Greater Bay Area," the future tight integration of Hong Kong, Shenzhen and Macau, along with several regional mainland cities. Singapore’s festival, in contrast, is a much more international affair, judging by the speakers’ list.\nBesides, anyone from overseas who wants to go to Hong Kong’s Fintech Week needs to arrive three days early as thecurrent rules sayno “maskless or group activities” (including restaurants and bars) for 72 hours. And there’s a required PCR test at the airport, and three more spread out during the first week.\nNot much fun for conference goers.\nCircle Converge22\n7:30 p.m. H1HKT/SGT(11:30 a.m. UTC):Speech by European Central Bank President Christine Lagarde\n8: 30 p.m. H1HKT/SGT(12:30 p.m. (UTC):U.S. durable goods orders (August)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Trades Around $19K. Best Universities for Blockchain\nHas bitcoin (BTC) hit bottom yet? "First Mover" dove into the crypto markets with Wave Financial Managing Director Nauman Sheikh. Douglas Rushkoff, author of "Survival of the Richest: Escape Fantasies of the Tech Billionaires" shared insights into why tech billionaires seem obsessed with survival plans. Plus, it\'s Education Week! CoinDesk ranks the best universities for blockchain.\nChinese Authorities Arrest 93 for Crypto-Related Money Laundering:The suspects laundered as much as RMB 40 billion, according to Hengyang county police.\nCFTC’s Ooki DAO Action Shatters Illusion of Regulator-Proof Protocol:The action raises still-unanswered questions about who is culpable when a DAO commits a crime – will casting a vote with a governance token be seen as a smoking gun?\nInterpol Issues Red Notice for Do Kwon: Report:Kwon maintains that he is not on the run, but his location is unknown after Singapore authorities said he\'s not in the city-state.\nFounder of Failed Crypto Exchange QuadrigaCX Starts DeFi Protocol UwU Lend:Sifu is back with UwU Lend, an Aave-forked decentralized finance protocol.\nFilesharing Crypto Project Filecoin Reports Strong Fundamental Growth Ahead of FVM Launch:Some 20,000 individual users are said to be using Filecoin to store over 50 million data objects used by dapps.', 'Good morning. Here’s what’s happening: Prices: Cryptos rose gently even as equities suffered through another dreary day. Insights: Token2049 Conference highlights Singapore\'s resurgence as a crypto and business hub. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. And sign up for First Mover , our daily newsletter putting the latest moves in crypto markets in context. Prices ● Bitcoin ( BTC ): $19,198 +2.3% ● Ether ( ETH ): $1,333 +3.2% ● CoinDesk Market Index ( CMI ): $956 +1.7% ● S&P 500 daily close: 3,655.04 −1.0% ● Gold: $1,634 per troy ounce −0.7% ● Ten-year Treasury yield daily close: 3.88% +0.2 Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found at coindesk.com/indices. Cryptos Rise Even Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2022-09-27 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $385,918,274,375 - Hash Rate: 205494866.903684 - Transaction Count: 271117.0 - Unique Addresses: 648681.0 Social & AI Sentiment: - Fear & Greed Index: 0.20 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: The question of whether the U.S. Securities and Exchange Commission (SEC) should be forced to permit spot-based bitcoin exchange-traded-funds (ETF) is now inching through thecourts, but industry lobbyists are making another public push to declare the regulator is wrong in opposing the product. The Chamber of Digital Commerce, a Washington, D.C.-based advocacy group, commissioned a report set for release Monday that will accuse the SEC of harming U.S. investors by depriving them of a type of trading vehicle already available in other countries. “It has determined that the American public cannot yet handle the responsibility of familiar, cost-effective, liquid, transparent and regulated access to the bitcoin markets,” according to the report. “The SEC continues to force U.S. investors who wish to invest in this transformative asset class into unregulated or foreign alternatives.” A fund allowing investors to easily trade bitcoins has long been seen as a major step toward accessibility for an industry whose assets are still widely seen as overly esoteric and volatile for the general public. Such ETFs would plug the tokens into the same kind of packaged funds that have long allowed investors to dabble in highly tailored industry sectors, various flavors of bonds or wide stock indexes without locking down their money or incurring management fees. Though the industry won approval for bitcoin (BTC) futures ETFs, 16 separate applicants have beendeniedin setting up a spot-market version – meaning funds that actually hold bitcoins. The agency has consistentlycitedthe same concern: potential market manipulation. The agency says it can approve an application when the product has “a comprehensive surveillance-sharing agreement with a regulated market of significant size.” The Digital Chamber’s report says the SEC’s position is inconsistent with its past practices and has never budged even as the industry sought to answer agency objections. Earlier this year, the SEC did approve a futures ETF from Teucrium that was filed under the same law that the spot ETF applications relied on, which has further sharpened frustrations for those seeking the spot funds. But SEC Chair Gary Gensler has argued that he’s fine with the futures ETFs under the law, because it enshrines certain consumer protections. Still, this week’s report is unlikely to sway the regulator, which is preparing to defend its stance in court. In a statement shared with CoinDesk, Digital Chamber founder and CEO Perianne Boring said she believes the report is “the first comprehensive document to detail the arbitrary and capricious behavior” of the SEC in reviewing the myriad bitcoin ETF applications. “Capturing the historical record in one place is crucial to building awareness and accountability for not only these specific denials, but the Commission’s treatment of the industry as a whole,” she said. In a Monday interview on CoinDesk TV, Boring accused the SEC of trying to pick industry winners and losers. “The SEC is discriminating against this asset class, holding it to a higher standard,” said Boring, who attributed to a “larger political agenda” at the agency. “Chair Gensler has been very clear that he wants his authority expanded,” she said. “He's holding things like the bitcoin ETF hostage until he gets his way.” UPDATE (Sept. 12, 2022, 15:51 UTC):Adds comments from Boring on CoinDesk TV... - Reddit Posts (Sample): [['u/TarkovReddit0r', 'Why the 18-20k support is a really good sign', 46, '2022-09-27 01:43', 'https://www.reddit.com/r/CryptoCurrency/comments/xozy5r/why_the_1820k_support_is_a_really_good_sign/', "Feel free to change my mind but I think the last months Bitcoin support is a great signal. Remember months ago when Bitcoin capitulation happened and whales got liquidated / cashed out? Since then we had a confirmed recession. Bear market rally - yet declined again when reality kicked in and inflation is still out of hand.\n\nBUT I think Bitcoin has been doing pretty good so far during these bad times.\n\n# [BTC vs NASDAQ](https://imgur.com/a/8sVSKgY)\n\n&#x200B;\n\n[BTC \\( bottom candles \\) & NASDAQ \\( top lines \\) ](https://preview.redd.it/8f1v7lffkaq91.png?width=1920&format=png&auto=webp&s=15059eba1ae9012f472df8f2dc4c4c693a615be6)\n\nThis is a comparison between BTC & NASDAQ. Friday June 16 is when NASDAQ hit the lowest point in 2022. Bitcoin followed over the weekend hitting nearly 17500$.\n\nOn friday NASDAQ hit again nearly the same level. 11228 compared to 11068 in june. Only a 1.43% difference. And Bitcoin? Bitcoin is actually up +2% today. The lowest point last days is still +7% higher than last lows in june.\n\nI personally am really suprised about this performance. The risky volatile asset that has been dumping on all the bad news until june is now pretty much stable and as strong as the NASDAQ? The hype might be gone but the bear market had great news for the fundamentals. Way more than any bad news.\n\nIf you would tell me 3 years ago that Bitcoin will experience a recession I would've expected the worst but not a strong support similar to a US Index lol\n\nThat being said Bitcoin is still way further away from ATH than NASDAQ. But Bitcoin having such institutional and general support at these levels really gives me hope for another great bull run in the future. I might be wrong but who doesn't mind some hopium in these rough times.", 'https://www.reddit.com/r/CryptoCurrency/comments/xozy5r/why_the_1820k_support_is_a_really_good_sign/', 'xozy5r', [['u/MyMonte94', 16, '2022-09-27 01:48', 'https://www.reddit.com/r/CryptoCurrency/comments/xozy5r/why_the_1820k_support_is_a_really_good_sign/iq1f6sg/', 'I feel like the longer we use this level as support, the more likely it is to eventually fail. We need some upward momentum.', 'xozy5r'], ['u/Harold838383', 36, '2022-09-27 02:19', 'https://www.reddit.com/r/CryptoCurrency/comments/xozy5r/why_the_1820k_support_is_a_really_good_sign/iq1j8b6/', 'In the last bear BTC stayed around 6K for a long time. And then quickly dumped to 3K. Be prepared for anything', 'xozy5r'], ['u/greenappletree', 13, '2022-09-27 02:40', 'https://www.reddit.com/r/CryptoCurrency/comments/xozy5r/why_the_1820k_support_is_a_really_good_sign/iq1lzjm/', 'The only real support is if inflation gets under control- other than that it’s all noise', 'xozy5r'], ['u/Baecchus', 21, '2022-09-27 02:48', 'https://www.reddit.com/r/CryptoCurrency/comments/xozy5r/why_the_1820k_support_is_a_really_good_sign/iq1n082/', "This is objectively the more likely scenario.\n\n\nLet me explain for those who are unfamiliar: when a price sits at a range for too long, people will put stop losses below or above that price range.\n\n\nThis means that once the price moves in either direction, stop losses get triggered and it causes a liquidation cascade, meaning there will be a huge pump or dump.\n\n\nIn this case stop losses are most likely sitting below 17k and we've been in this range for months so if that support zone breaks even slighly, you can expect a big dump due to how many stop losses have accumulated below that zone.", 'xozy5r'], ['u/Baecchus', 10, '2022-09-27 02:51', 'https://www.reddit.com/r/CryptoCurrency/comments/xozy5r/why_the_1820k_support_is_a_really_good_sign/iq1nha0/', "If it breaks it's gonna be nasty. We've been in this range for months, imagine how many stop losses have accumulated just below that 17k zone.\n\n\nI think we will see some new lows eventually but I still bought a good amount below 20k- it's a bargain for me. Going to have some limit orders at lower levels just in case.", 'xozy5r'], ['u/thekoonbear', 21, '2022-09-27 04:18', 'https://www.reddit.com/r/CryptoCurrency/comments/xozy5r/why_the_1820k_support_is_a_really_good_sign/iq1z3ue/', 'Yeah all these 18k support comments are giving me nightmare flashbacks to when we all thought 6k was the low of the 2017/18 bear market and in seemingly one day we dropped 50% from there.', 'xozy5r']]], ['u/orthonut20', 'Back To The Future: Part 1', 446, '2022-09-27 02:23', 'https://www.reddit.com/r/AMCSTOCKS/comments/xp0w3p/back_to_the_future_part_1/', '&#x200B;\n\nI am expecting date 10/5/2022 to be a significant date. It is 88 weeks after the 1/27/21 pump.\n\n&#x200B;\n\nhttps://i.redd.it/1q8oehh6x9q91.gif\n\nBut who am I?\n\nI am the OP that brought you the DD\'s...\n\n[The APE Reset](https://www.reddit.com/r/amcstock/comments/sy071p/i_made_a_presentation_about_blockchain_if_you/)\n\n[The Number 72 and 27 and their correlation with the AMC algorithm.](https://www.reddit.com/r/amcstock/comments/vftr5r/the_number_72_and_27_and_their_correlation_with/?utm_source=share&utm_medium=web2x&context=3)\n\n[The Planned Sell-Off](https://www.reddit.com/r/AMCSTOCKS/comments/umqgvf/the_market_sell_off_is_all_planned_and_we_just/)\n\n[Welcome To The Planet of The APES](https://www.reddit.com/r/amcstock/comments/svi5gj/welcome_to_the_planet_of_the_apes/)\n\n[My Accurate Prediction on my Twitter Profile](https://twitter.com/ScrubAnon/status/1490485050789576709?t=4TCNzIyT9ps1uetec1KxBA&s=19)\n\nhttps://i.redd.it/5q0ol5400aq91.gif\n\nIf you read these, you will see that I have made accurate predictions using this unorthodoxed method. "The Number 72 and 27 and their correlation with the AMC algorithm" is very important, but mainly it shows AMC is synced with World Events.\n\n1/27/21 is significant because it was 322 days after the cv19 lock down 3/11/2020. And Skull and Bones day (3/22) is 741 days after the cv19 lockdown date 3/11/20. Ryan Cohen bought 100k of GME on Skull and Bones Day after waving the Jolly Roger Emoji days before. Fun fact: on 3/22/2020 the total Covid-19 cases reported broke 322,000.\n\n[You can verify the date durations with this hyperlink.](http://www.gematrinator.com/calculator/datecalculator.php)\n\nAnd you can see 10/5 is a magnifier of 15. On 1/5/21, AMC hit its all time low. The price used to be $1.91, but after the APE Dividend, value was put into $APE (ATH 10.50)... and the AMC all time low went to 1.27... then the day the queen died, it changed to 1.17. (To see an amazing 5 part decode on the Queens Death, [tap here for part 1](https://codexgematria.blogspot.com/2022/09/queen-elizabeth-ii-dies-at-96.html)).\n\n1.21 GIGAWATTS!!! or 1/21... what happened in 1/21? AMC hit it\'s all time low and then ran up with Gamestop.\n\n&#x200B;\n\nhttps://i.redd.it/k1vexag9izr91.gif\n\nAlso, 10/5/2022 is 21 months from 1/5/2021... or 91 weeks, 1 day... or 1273days.\n\n1273 sum of divisors is 1360... a magnifier of 360, a magnified perfect circle.\n\nI believe what we are seeing is a fractal of just before the all time low of 1.17 on 1/5/2021.\n\n10/5 is also 111 days from 6/16...\n\n&#x200B;\n\nAlso fun fact 2977 victims on 9/11, sum of divisors of 2977 is 3220...\n\nAccording Wikipedia 2996 people lost their lives during the 9/11/2001 attacks, although many other official sources including government websites report 2997 casualties\xa0\n\nThe 2996th verse of the Bible after the creation of the world in Genesis 1:1 is Leviticus 10:19, the 2997th verse, which talks about a ritual sacrifice\n\nLeviticus 10:19 KJV\n\nAnd Aaron said unto Moses, Behold, this day have they offered their sin offering and their burnt offering before the Lord; and such things have befallen me: and if I had eaten the sin offering to day, should it have been accepted in the sight of the Lord?\n\nThe 2997th word from the end of the Bible is “ torment” in Revelation 18:7\n\nRevelation 18:7\n\nNew International Version\n\n7)\xa0Give her as much torment and grief\n\nas the glory and luxury she gave herself.\n\nIn her heart she boasts,\n\n‘I sit enthroned as queen.\n\nI am not a widow;\n\nI will never mourn.’\n\nRevelation 18 is a metaphor about Babylon the Great being New York City, the World Market and the World Trade Center during 9/11.\n\nFor those wondering wtf... the KJV has esoteric encryption.\n\nAMC closed on Friday, the week of 9/11, down -9.11% for a loss of 0.90 and a total value of $8.98. Aftermarket, AMC high was 9.11 and it closed at 9.10 (91=13th triangular... 911=156th prime)...\n\n&#x200B;\n\nFollowing week on Monday 9/19, AMC opened down at -2.20%, $8.98... and had a low of 8.90. 89= the 11th fib and 24th prime (Gemini Twins and Jupiter). On 9/19 (919...inverted 616) is also the Queens funeral... 5 days later was the 24th and President Zi apparently was put on House Arrest. The Queen died 3 days before 9/11 and the 24th was 13 days after 9/11... 13 is a magnifier of 3.\n\nAMC weekly chart showing it was down -7.61% for the whole week...\n\n761=135th prime...\n\n135 Sum of Divisors = 240... And 761 is In Octal 207\n\nLast week, 9/23, AMC\'s weekly candle closed -11.20%... the Sum of Divisors for 741 is 1120.\n\nThe parallels with the passing of Queen Elizabeth II are striking.\n\n&#x200B;\n\nhttps://i.redd.it/k60wedtfeaq91.gif\n\nDo you think it is weird that I am referencing 9/11, the Bible, and Back to the Future with AMC? Well it is not a coincidence. [Here is a video](https://www.youtube.com/watch?v=AFqOJO1Gn34&t=503s) that shows how the Back To The Future Series was engrained with the prediction of 9/11. But another thing is when the DeLorean was going back to 1985, it went through a movie theater in 1955 and when it emerged in 1985, it crashed into an Assembly of Christ th... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.