Albo Lia

• Bitcoin has had an impressive rally over the last few weeks, with the price reaching two-month highs above $23,000.
• Crypto analyst @CryptoKaleo believes that there is still room for another 30% rally, with the potential for bitcoin to reach $30,000.
• He believes that this rally could happen between now and the beginning of February, with possible drawdowns along the way.

The past few weeks have seen an impressive rally for the price of Bitcoin, with the digital asset rising to two-month highs above $23,000. This bullish momentum has been maintained despite the price drawdown that was seen on Sunday, indicating that perhaps the best of the mini-bull run is yet to come.

This sentiment is shared by crypto analyst @CryptoKaleo, who took to Twitter to share his thoughts on the current Bitcoin rally. According to Kaleo, there is still room for another 30% rally, with the potential for Bitcoin to reach the $30,000 level. He refers to this price level as a “magnet” for the digital asset, and believes that this rally could happen between now and the beginning of February. Furthermore, he notes that there are likely to be drawdowns along the way, as is to be expected in any bull market.

The past few weeks’ performance of Bitcoin has certainly been impressive, and it looks as though the digital asset could still have more upside potential. If Kaleo’s analysis proves to be correct, then the Bitcoin price could be in for an even more impressive rally over the next few weeks. Of course, it is important to take any analysis with a grain of salt, and investors should always do their own research before making any investment decisions. Nonetheless, the possibility of a 30% rally for Bitcoin is certainly an exciting prospect, and one that could help to further propel the digital asset to new heights.

• Crypto.com recently announced it will be laying off 20% of its staff due to the current economic headwinds and industry situation.
• This is the second major layoff carried out by the company, with 260 employees having previously been let go in 2022.
• The decision to fire employees has been attributed to broader market weakness and the FTX crash, which caused a misappropriation of customer funds and eventually bankruptcy.

Crypto.com, a Singapore-based crypto exchange platform, recently announced that it will be laying off 20% of its workforce in response to the current economic and industry situation. This marks the second major layoff for the company, after having previously let go of 260 employees in 2022.

The decision to fire employees has been attributed to broader market weakness and the FTX crash, which caused a misappropriation of customer funds and eventually bankruptcy, having gone on to affect the entire crypto industry considerably. Co-Founder and CEO of Crypto.com, Kris Marszalek, released a statement saying that while they had grown ambitiously in the beginning of 2022, a confluence of negative economic developments resulted in the need to cut back.

Marszalek further noted that the platform still has adequate reserves for every single coin held, and that the company will remain committed to its mission of accelerating the world’s transition to cryptocurrency despite the current setbacks. He also said that the layoffs are necessary to ensure the long-term success of Crypto.com, and that the company will remain focused on expanding its product offering, customer service, and overall user experience.

The layoffs come as the crypto industry continues to struggle under the wave of massive layoffs that have been occurring in recent times. Despite the unfortunate circumstances, Crypto.com is confident that the measures taken will ensure the company’s long-term success and continued mission to accelerate the world’s transition to cryptocurrency.

• Bitcoin’s adjusted Spent Output Profit Ratio (aSOPR) is a metric that indicates whether the average Bitcoin investor is selling at a profit or at a loss.
• The aSOPR EMAs are looking to form a golden cross soon, which could indicate that the current cycle has met all the bottom conditions.
• A chart of the aSOPR during the 2014-2015 and 2018-2019 bear markets shows that when the value of the indicator is greater than 1, it means the holders are selling coins at some profit right now.

Bitcoin’s adjusted Spent Output Profit Ratio (aSOPR) is an important metric that can provide investors with valuable insight into the current market cycle. The aSOPR indicates whether the average Bitcoin investor is selling at a profit or at a loss right now. When the value of this indicator is greater than 1, it means the holders are selling coins at some profit. On the other hand, values below the threshold suggest the overall market is realizing some loss at the moment.

Recently, an analyst in a CryptoQuant post explained that the aSOPR EMAs are looking to form a golden cross soon. A golden cross typically occurs when a market is transitioning from a bear market to a bull market. This could indicate that the current cycle has met all the bottom conditions. To gain further insight into the aSOPR, a chart of the metric during the 2014-2015 and 2018-2019 bear markets is presented.

The chart shows that during both bear markets, the aSOPR EMAs crossed at the onset of a bull market. This is an indication that the aSOPR is an accurate indicator of whether holders are selling coins at a profit or at a loss. Additionally, values that are greater than 1 suggest that the holders are selling coins at some profit.

As the aSOPR EMAs approach a golden cross, investors can use this metric to gain insight into the current market cycle. If the aSOPR continues to rise, it could be a sign that the current cycle has met all the bottom conditions and is transitioning into a bull market. On the other hand, if the aSOPR drops below 1, it could mean the market is still in a bear market, and holders are selling coins at a loss.

Ultimately, the aSOPR is an important indicator of whether the overall market is selling coins at a profit or at a loss. Investors should keep an eye on the aSOPR EMAs, as a golden cross could indicate that the current cycle has met all the bottom conditions.

• Bitcoin’s 7-day volatility has hit a new low of 0.7%, the lowest since July 2020.
• This is according to the latest weekly report from Arcane Research.
• Low volatility periods involve less risk than when the market is highly volatile.

Bitcoin’s price has been stuck in a state of endless consolidation recently, and this is reflected in the sharp decline of the cryptocurrency’s 7-day volatility. According to the latest report from Arcane Research, the 7-day volatility for Bitcoin is now at its lowest level in two and a half years, sitting at a value of just 0.7%.

Volatility is a metric that measures the deviation in the daily returns for Bitcoin from the average over a specified period. This rolling average period can be of any length, but the most useful versions of the metric are the ones taken over 7 days and 30 days. When the value of the indicator is high, it means BTC is currently observing large fluctuations compared to the average recently. However, when the value is low, it suggests that the price of the crypto hasn’t been showing many returns in recent days.

The 7-day and 30-day Bitcoin volatilities have both declined significantly in the last few weeks and the 7-day version of the metric currently has a value of 0.7%, the lowest observed since July 2020. This is indicative of a period of low volatility and risk, as it implies that the price of Bitcoin is not showing any major changes from the average.

Low volatility is generally seen as a positive sign for the cryptocurrency industry, as it shows that the market is relatively stable and predictable. This allows traders to gain a better understanding of the asset’s behavior, allowing them to make more informed decisions when trading.

The low volatility also presents an opportunity for investors to get involved in the market without having to worry about the risk of a sudden price crash. While there is still some risk involved in the cryptocurrency market, it is significantly reduced when the volatility is low, allowing investors to take a more relaxed approach to trading.

Ultimately, the low volatility indicates that the cryptocurrency market is in a healthy state. While this may not be the most exciting time to be involved in the market, it is certainly a good sign for the future of Bitcoin and other digital assets.

• In 2022, the crypto market suffered a huge 60% drop in Bitcoin’s price and a $1.3 trillion loss in market value.
• Billionaire venture capitalist Tim Draper believes that Bitcoin will reach the $250,000 mark by the end of the year.
• BitStarz player recently hit a record win of $2,459,124 on their platform.

The year 2022 has been a tumultuous one for the crypto market, with Bitcoin, the world’s largest cryptocurrency, suffering a major price drop of over 60%. This, combined with a massive $1.3 trillion market value loss, has left investors reeling and seeing the value of their portfolios taking a hit. Some have even lost nearly all of their money in the process.

However, despite the pessimism and dark forecasts surrounding Bitcoin, there are still some optimists in the market. Billionaire venture capitalist and Bitcoin investor Tim Draper, who has long been a proponent of the cryptocurrency, is one of those optimists. He maintains his previous forecast that Bitcoin will reach a whopping $250,000 by the end of the year.

Draper was one of the earliest investors in Bitcoin, having paid $19 million for around 30,000 BTC seized from the dark web marketplace Silk Road and sold at auction by the United States Marshals Service back in 2014. When one BTC was trading at around $8,000 in 2018, Draper made his audacious $250,000 Bitcoin price prognosis. He declared that he would either be “really right or really wrong” in his prediction.

Adding to the optimism in the crypto market is a recent record win by a BitStarz player. The player hit an incredible $2,459,124 jackpot on the platform, providing a much-needed boost of enthusiasm among crypto investors. BitStarz has also recently announced a promotion offering 5 BTC and 300 free spins for new players, as well as 15 BTC and 35,000 free spins every month for existing players.

In spite of the struggles that the crypto market has faced in the past year, there are still some positive developments that indicate a potential recovery. With Draper’s $250,000 Bitcoin price prediction, as well as BitStarz’s record-breaking jackpot win and promotions, investors have some reasons to feel optimistic about the future of the crypto market.

• Barry Silbert and the Winklevoss twins have been engaged in a crypto war.
• Co-founder of Three Arrows Capital, Su Zhu, has spoken out on the situation and accused DCG of conspiring with FTX to attack Luna and stETH.
• Zhu also alleges that Silbert misled Three Arrow Capital for months and accepted more deposits despite being insolvent.

Digital Currency Group (DCG), led by CEO Barry Silbert, and the Winklevoss twins, founders of US exchange Gemini, have been engaged in a crypto war. This has caught the attention of co-founder of Three Arrows Capital, Su Zhu, who has spoken out in a Twitter thread about the situation.

Zhu claims that DCG conspired with FTX to attack Luna and stETH, and had made “a lot” of money from the process. Furthermore, DCG reportedly suffered significant losses over the summer from the bankruptcy of 3AC as well as from Babel and other firms involved in GBTC. Zhu suggests that DCG could have calmly restructured their finances but instead they “fabricated a left pocket right pocket callable promissory note that magically filled the hole”. Effectively, Zhu is accusing Silbert of misleading Three Arrow Capital for months and accepting more deposits in the hope of the market rising.

Cameron Winklevoss published an open letter denouncing Silbert’s misconduct and set a deadline for a solution until January 8. Zhu seems to have taken this opportunity to add fuel to the fire, hoping to bring attention to the alleged wrongdoings of Silbert and DCG.

• The crypto market has seen significant changes since Christmas 2021, with price of Bitcoin, Ethereum, and others changing drastically.
• During this bear market, builders have been building faster than ever before, showing the industry’s maturity.
• Ben Lilly, co-founder at Jarvis Labs, discussed the current state of the market, why the bear market should be used as a time for building, and why the nascent class has matured.

The crypto industry has seen great changes since the euphoria of Christmas 2021. What was once a market of great promise and potential has shifted to one of perpetual fear, with price of Bitcoin, Ethereum, and other cryptocurrencies changing drastically. However, despite the current market conditions, there is hope for the future of the industry.

Ben Lilly, co-founder at Jarvis Labs, the on-chain analytics and token design firm tracking the crypto market, has offered his insights on the industry’s current state. When asked about the differences between Christmas 2021 and today, he stated that aside from the changes in price, nothing has fundamentally changed. Instead, he believes that in the current bear market, builders are working faster than ever before, showing the industry’s maturity. He believes that this is a blessing to those that can weather such bearish times.

Lilly also discussed why the bear market should be seen as a time for building. Despite the downturn, crypto projects have seen great progress, with more developers working on projects than ever before. He believes that this is a great opportunity for those in the industry, as it allows for projects to be built out faster and with greater precision than ever before.

Finally, Lilly discussed why the nascent class has matured. He believes that the industry is now more resilient, with projects having stronger fundamentals and better understanding of the technology. This has allowed for the industry to become more reliable and efficient, with projects having more potential and longevity than ever before.

In conclusion, while the crypto market has seen significant changes since Christmas 2021, the industry is still very much alive and well. Despite the current bear market, builders have been working faster than ever before, proving the industry’s maturity. Furthermore, projects have seen great progress, with more developers working on projects than ever before, allowing for projects to be built out faster and with greater precision. Finally, the industry has become more resilient, with projects having stronger fundamentals and better understanding of the technology, providing more potential and longevity than ever before.