@CryptoMasterMiner 16 May 2022 more from that month

Bitcoin Weekly (5/16/2022)

Bitcoin was in the red for a record seventh-consecutive week since our last edition of Bitcoin weekly.  Last week the "king of crypto" took a mighty fall on Monday and has struggled to stay above the $30K mark. It was a very tough week that started with the bloodbath in the Terra network around its native token LUNA which lost over 99% of its value and the stablecoin UST which lost its peg and plenty more falling to one-fifth of its value.  The network had been buying bitcoin (BTC) as a way to back UST and help it maintain a $1 peg but was forced to sell a good chunk of their holdings in an attempt to save the network. Then on Wednesday the Fed released April inflation figures which didn't please investors and signaling further strong interest rate hikes to combat the worst inflation many have seen in their lifetimes.  Bitcoin did bounce back a little from under $27K to show a weak V-shaped recovery but with limited upside. The Crypto fear and greed index, highlighted below, is at 14 and remains in "extreme fear" currently a sign that investors are very nervous about Bitcoins price direction. **Bitcoin Price Statistics** *(as of 5/16/2022, 5:00pm EST)* Bitcoin Price = $30,106 Last Week = $31,182 Weekly High = $32,308 Weekly Low = $26,910 Market Cap = $565,562,001,988 Market Cap Dominance = 42.51% All-Time High = $69,044.67 *on November 10, 2021* statistics provided by CoinGecko **Ten Must-Read Bitcoin Articles** $3 billion in bitcoin was sold in last-ditch attempt to save UST stablecoin (CNBC) https://www.cnbc.com/2022/05/16/what-happened-to-the-bitcoin-reserve-behind-terras-ust-stablecoin.html President Nayib Bukele announces 44 countries to meet in El Salvador to discuss bitcoin (Bitcoin Magazine) https://bitcoinmagazine.com/markets/el-salvador-president-nayib-bukele-announces-countries-to-discuss-bitcoin Bitcoin is increasingly acting like just another tech stock (New York Times) https://www.benzinga.com/markets/cryptocurrency/22/01/24866091/13-fun-facts-you-may-not-know-about-bitcoin-on-the-cryptocurrencys-13th-birthday From bitcoin to stables to NFT's, what is the point of crypto? (Vox) https://www.vox.com/the-goods/23071245/bitcoin-price-crypto-ethereum-nfts-defi-stablecoin Bitcoin network fortifies as mining difficulty records ATH of 31.251T (Coin Telegraph) https://cointelegraph.com/news/bitcoin-network-fortifies-as-mining-difficulty-records-ath-of-31-251t Mawson to develop new bitcoin mining site in Texas (CoinDesk) https://www.coindesk.com/business/2022/05/16/mawson-to-develop-new-bitcoin-mining-site-in-texas/ Bitcoin won't become 'an alternative form of money,' or a store of value, says Ben Bernanke (Marketwatch) https://www.marketwatch.com/story/bitcoin-will-not-become-an-alternative-form-of-money-or-a-store-of-value-says-ben-bernanke-11652713032 Top 10 cryptocurrencies with a brighter future than bitcoin (Analytics Insight) https://www.analyticsinsight.net/top-10-cryptocurrencies-with-a-brighter-future-than-bitcoin/ Market mayhem and calling the bitcoin price bottom (Bitcoin Magazine) https://bitcoinmagazine.com/markets/market-mayhem-and-calling-the-bitcoin-price-bottom 'Nothing positive': Salvadorians struggle to adapt to bitcoin (Politico) https://www.politico.com/news/magazine/2022/05/12/el-salvador-bitcoin-currency-struggles-00030422 **Bitcoin Fun Fact of the Week** Satoshi Nakamoto has remained anonymous yet a statue was built featuring Bitcoin founder and unveiled in September 2021 in Budapest, Hungary.  The statue depicts Nakamoto wearing a hoodie with the Bitcoin logo on the front and is free to visit 24 hours a day.  **Bitcoin Mining Statistics** Miners = 6,050,699 Hashrate = 230.07 EH/s Difficulty = 21.25T Emission (24hr) = 1000 BTC Circulating Supply = 19.04M (90.7%) statistics provided by MiningPoolStats **Crypto Fear & Greed Index**

index provided by Alternative **Where to Buy and HODL Bitcoin (*****Referral Links*****)** Coinbase (Get $10 in Bitcoin) https://www.coinbase.com/join/8m5yy3 Crypto.com (Get $25 to sign up) https://crypto.com/app/p7jxbgbthv KuCoin (Lend out your Bitcoin) https://www.kucoin.com/ucenter/signup?rcode=rB973L5 Midas Investments (Get 13% APY on your Bitcoin) https://midas.investments/?p=aff28500 **What is Bitcoin?** Bitcoin (BTC) is a decentralized digital cryptocurrency.  Bitcoin was invented by the person or persons under the pseudonym Satoshi Nakamoto as described in the Bitcoin Whitepaper released on October 31, 2008.  The original cryptocurrency began trading in January of 2009 and could be transferred in a peer-to-peer fashion implemented using open-source software.  The transactions are recorded and stored on a public ledger called a blockchain.  Only 21 million Bitcoins will ever be minted with one million being owned by its creator(s). For more on Bitcoin, please read What is Bitcoin? [A comprehensive Guide to Understanding Bitcoin] on Publish0x written by Mr.CryptoWiki https://www.publish0x.com/cryptocurrency/what-is-bitcoin-a-comprehensive-guide-to-understanding-bitco-xyezll https://www.publish0x.com/@mr_wiki For information on the Bitcoin whitepaper, please read I Finally Read the Bitcoin Whitepaper on Publish0x written by CryptoMasterMiner https://www.publish0x.com/journey-through-crypto-from-newbie-to/i-finally-read-the-bitcoin-whitepaper-xznoeql https://www.publish0x.com/@CryptoMasterMiner Find Bitcoin on Bitcoin.org, Reddit, Twitter, Instagram, Facebook https://bitcoin.org/ https://www.reddit.com/r/Bitcoin/ https://twitter.com/bitcoin https://www.instagram.com/bitcoin.com_official https://www.facebook.com/bitcoins/