@CryptoMasterMiner 8 August 2022 more from that month

Bitcoin Weekly (8/8/2022)

Bitcoin (BTC) entered August looking like it may have turned a corner and the first week of the month has done little to dismiss this notion. There hasn't been a big move in price either way, but rather BTC looks to have solidified the current price level. Bitcoin has done a nice job staying above key bear market support levels as BTC hit another weekly high since June with another green candle for the week. The question dominating economic circles now is if inflation has peaked, especially in the US. If it has, that is good news for both stocks and cryptocurrencies. The recent decline in commodities is a key cause for optimism for reduced inflation moving forward.  Even more good news can be seen when looking at Glassnode who noted that the "amount of the BTC supply last active in the past 24 hours is declining on average" meaning those who have held Bitcoin for awhile continue to HODL reducing the supply for sale. While we don't know for sure if the largest cryptocurrency has hit a bottom recently around the $17K mark, the overall news is finally signaling brighter days ahead. Friday's unexpectedly strong jobs report could have been troublesome for Bitcoin but BTC simply shrugged off that news to continue its slow upward march up over 7% in the last month. Investors overall seem to be gaining some confidence as witnessed by their move back into risk assets such as crypto. The Crypto fear and greed index, highlighted below, is at 30 down three points from last week despite the recent run up and remains in the "fear" range for the third-straight week.  **Ten Must-Read Bitcoin Articles** Move Over, Ethereum – Bitcoin’s Lightning Network Has Apps, Too (CoinDesk) https://www.coindesk.com/business/2022/08/07/move-over-ethereum-bitcoins-lightning-network-has-apps-too/ Could Apple Join Forces With Bitcoin? (The Motley Fool) https://www.fool.com/investing/2022/08/06/could-apple-join-forces-with-bitcoin/ Another court case fails to unlock the mystery of bitcoin’s Satoshi Nakamoto (The Guardian) https://www.theguardian.com/technology/2022/aug/06/another-court-case-fails-to-unlock-the-mystery-of-bitcoins-satoshi-nakamoto How Bitcoin whales make a splash in markets and move prices (Bitcoin Magazine) https://cointelegraph.com/news/how-bitcoin-whales-make-a-splash-in-markets-and-move-prices Dogecoin over Bitcoin: Elon Explains Why it is always meme coins (Analyst Insight) https://www.analyticsinsight.net/dogecoin-over-bitcoin-elon-explains-why-it-is-always-memecoins/ This will reduce Bitcoin, Ethereum Tx fees to cents: Vitalik Buterin (Watcher News) https://watcher.guru/news/this-will-reduce-bitcoin-ethereum-tx-fees-to-cents-vitalik-buterin How Bitcoin Enhances Capital Flow (Android Headlines) https://www.androidheadlines.com/2022/08/how-bitcoin-enhances-capital-flow.html Bitcoiners Are Building The Future They Want To See: Experiences From 30 Bitcoin Meetups (Bitcoin Magazine) https://bitcoinmagazine.com/culture/bitcoin-users-are-building-the-future Bitcoin Gets Praised For Its Technical Features By Brazil Central Bank's Chief (Bitcoinist) https://bitcoinist.com/bitcoin-gets-praised-for-its-technical-features/ Bitcoin's Limp Response to BlackRock-Coinbase Deal Is Negative (Bloomberg.com)  https://www.bloomberg.com/opinion/articles/2022-08-08/bitcoin-s-limp-response-to-blackrock-coinbase-deal-is-negative **Bitcoin Price Statistics** *(as of 8/8/2022, 7:00pm EST)* Bitcoin Price = $23,798 Last Week = $23,188 Weekly High = $24,185 Weekly Low = $22,526 Market Cap = $457,326,394,237 Market Cap Dominance = 38.983% All-Time High = $69,044.67 *on November 10, 2021* **Bitcoin Fun Fact of the Week** Choose your password carefully and please write it down. Approximately 20% of Bitcoin, valued at approximately $140 billion, is lost forever because people forgot their passwords - doh! **Bitcoin Mining Statistics** Miners = 5,609,051 Hashrate = 233.97 EH/s Difficulty = 28.17T Emission (24hr) = 1000 BTC Circulating Supply = 19.12M (91.0%) 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/