Bitcoin & The World of Crypto: March 14, 2022
Monday March 14, 2022
Good afternoon on this lovely Monday afternoon. Sentiment seems to be looking better than before. Bitcoin has turned it's previous downtrends top into support. This seems pretty bullish to me. We could see something similar happen as the W drawn below.
Bitcoin has maintained a higher low with each large dip since $33,000.00 However Bitcoin is setting lower highs in comparison with the all time high. Feels like Bitcoin is ready to explode and move upward. We have been seeing nice support above the previous downtrend so far.
XRP
March 11, 2022: Judge Analisa Torres Denied the SEC motion to strike Ripple's Fair Notice Defense. In case you haven't been following the SEC vs Ripple case. Ripple has been in contact with the SEC before the date the suit was filed against Ripple. Ripple had been told they was not in violating any laws. Then December 2020 Jay Clayton filed the initial suit against Ripple before submitting his resignation to President Trump.
The weeks prior to this filing, Ripple had stated several times they looked forward to the coming clarity in the market. This suit has been a long time in the making. Ripple wasn't caught off guard, they knew this was coming and to be honest, they welcomed it.
This legal clarity they will receive at the conclusion of this court case should be enough to turn XRP into the standard. I have covered plenty of times the amount of work Ripple does for countries like Saudi Arabia and more using XRP ("ODL")
XRP went up 15% After Court Ruling!
XRP went up to $0.88 cents and is now currently at $0.75 cents. XRP is looking towards a break out and could challenge last years high of $1.85 in April 2021 I wouldn't bet the house on that move, but coming towards the end of August, the price should jump over 40% if they announce Ripple wins the suit.
Then hopefully XRP will turn the Dollar level into support and hold this time around.
Russia & Ukraine
CNN and other sources are reporting that Putin is having talks with China to obtain military support to attack Ukraine. Other news sources report that Ukraine as killed over 12,000 Russian soldiers vs very few casualties sufferer from Ukraine.
I find it hard to find information that has been fact checked. Seems to be the new phrase is, "We told you so, so it's true!"
However the headlines that keep coming out does have potential to shifts market and make the markets volatile. Rumors that Grandpa Biden was threating China, that if they were to help Russia in any way, he would be forced to issue more Sanctions.
Biden is also disagrees with the fact that President Trump was harder on Russia than Biden. I find it IRONIC that Biden and other Democrats kept claiming that President Trump was wrecking our economies and he would be the cause of World War 3.
Seems Biden through misguided policies aimed at destroying America was able to help Russia. Almost like they planed this the whole time. Now in America the leading things is, it's Putin's fault, high gas prices that were sky rocketing before this invasion according to Biden are in fact Putin's fault.
Biden prints trillions of USD and guess what? Yup, Putin's fault for inflation as well. Biden probably blames Putin for his own sons Cocaine addiction. I would go on a limb and say it is probably Putin's fault that Biden started giving out crack pipes or maybe that has some thing to do with the Colombia and Nato stuff happening in the back ground.
The Biden Executive order is rumored to be a good thing for Bitcoin and other Crypto's by a lot of people. However some influencers see this as a means of attacking crypto for the main core values that crypto was invented to protect. Often times people get caught up in life with every thing going on and they fail to realize that government control of cryptocurrencies is actually contrary to the existence of Bitcoin.
We all know that our Governments are not going to set idle while they lost the ability to know every thing we do and think. Which is also the reason behind the war on cash.
