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2022-07-15 18:10:42
Market situation
Bitcoin yesterday fluctuated around $ 39,000 – $ 40,000. Altcoins rose slightly.
Similarly, stocks also opened lower but ended slightly higher on good news from Twitter. At the end of the session, all three Dow, S&P 500 and Nasdaq indexes rose. The futures market is flat.
The price fell, the percentage of BTC profitable also decreased to 67%.
The general trend shows that BTC continues to be withdrawn from the exchange more than deposited.
The amount of BTC on exchanges continues to decrease. This trend is similar to that of ETH.
On-chain data shows no signs of selling from miners, low MPI. And the miners’ BTC wallets show no sign of moving either.
Coinshare’s statistics on a number of investment funds have seen crypto outflows totaling $7.2 million. The amount leaving the crypto fund has decreased compared to the previous week.
Bitcoin has an investment of $2.6 million. Ethereum continues to suffer with its third week of exits of $16.9 million. However, BTC and ETH are still the two categories with the largest amount of investment capital.
Twitter agrees to sell company to Elon Musk
The big news yesterday is that Twitter’s board has accepted billionaire Elon Musk’s offer to buy the social media company and go private. According to analysts, Twitter may want to finalize a takeover deal with Elon Musk before the company’s first-quarter earnings report on Thursday.
Twitter sold for $54.20 per share, for a total value of $44 million. This price offered by Elon Musk was 38% higher than the price of Twitter stock at that time. At the same time, Twitter’s business is not good, so many people support the acquisition of Elon Musk. Following the news, Twitter shares rose slightly. Tesla shares fell slightly due to concerns about which source of money Elon Musk will use to buy Twitter. This is not too worrying because there have been a number of parties offering to lend Elon Musk for this deal.
The acquisition was a success, but many other important questions regarding the future of Twitter remained unanswered. Users, employees, investors and politicians are looking forward to the plans Elon Musk will do with Twitter in the near future such as the leader, board, development plan, … for the platform. this social network. In the short term, Musk has been trying to gather community opinions about Twitter’s features and intends to edit some features such as post editing, spambots, content moderation, etc. Investors hope that Elon Musk’s takeover of Twitter will have a good impact to help promote the development of BTC and crypto.
Former President Donald Trump has said that he will not return to Twitter even if Elon Musk reverses the former president’s ban. Previously, Twitter permanently suspended Mr. Trump from the platform in January 2021 following an attack by his supporters on the US Capitol. Recently, former President Trump also developed his own company, Truth Social.
The Central African Republic (CAR) has been at the center of a heated public opinion in the crypto world amid numerous reports of the country adopting Bitcoin (BTC) quite similar to El Salvador. However, the Central African Republic has not yet accepted BTC as legal currency. Instead, the country has legalized the use of cryptocurrencies in financial markets as a means of payment.
Some other information:
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Near Protocol’s much-awaited USN stablecoin hit the mainnet yesterday. A DAO called Decentral Bank led the stablecoin launch. USN is a decentralized stablecoin similar to TerraUSD (UST) and Frax Finance (FRAX), valued at $1 USD and collateralized with Near tokens.
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BAYC’s official Instagram and discord account has been hacked. The hacker posted a phishing link to a copy of the BAYC website with a fake Airdrop, where the user was prompted to sign a ‘safeTransferFrom’ transaction. This moved their NFTs and crypto to the scammer’s wallet.
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