This week, the bullish trend was happily picked up by anonymous coins, Vitalik Buterin announced the first Ethereum 2.0 hard fork, users got access to sites with the “.crypto” domain through any browser. Elon Musk is “going to mine DOGE with children” while investors are waiting for the regulators’ decisions. Read about it and more in our weekly review.



Monero, Dash и Zcash staged a bullish rally
During this period, the privacy coins Monero (XMR), Dash (DASH), and Zcash (ZEC) have bucked up significantly. Obviously, the current bullish mood in the crypto market drives tokens that have been in the shadows for some time. Of these three coins, Dash showed the largest increase. In 7 days, the token rose by 125% to $318. It is followed by Zcash, which jumped by 70%, and Monero with a growth rate of more than 50%.
Despite a recent delisting by several exchanges, Monero is holding up pretty well. Once again, the coin has demonstrated the ability not only to restore positions but also to increase its quotes. According to technical charts, Monero is in the ascending channel and, according to analysts, the bulls may push the coin to the level of $300 shortly. But in this price region, the coin may face serious resistance from bears, followed by a short-term correction. At the time of writing, Monero was trading at $277.
In general, this is typical of the crypto market, when one coin from a segment begins to appreciate, other coins tighten and also go up. In addition to these anonymous cryptocurrencies, a similar correlation is often observed between Dogecoin (DOGE), Stellar’s Lumen (XLM), and XRP.

Buterin announced the first Ethereum 2.0 hard fork
On February 15, Vitalik Buterin presented the roadmap for the first Ethereum 2.0 hard fork, tentatively codenamed HF1. According to the plan, key updates will relate to the integration of support for light wallets, the modernization of the mechanism for penalizing validators, and the elimination of protocol vulnerabilities.
One of the most important changes is support for light clients – nodes with minimal resource requirements, with the ability to work on mobile devices. Thus, the developers expect to create an ecosystem of light wallets that can verify the blockchain themselves, instead of relying on external service providers.
To implement this decision, special “sync committees” will be created. These are groups of randomly selected validators with the authority to create special signatures that make it easier to determine the correct version of the chain. Every 27 hours, the composition of the validator group is reelected from a randomly selected 1024 validators.
Also, a hard fork implies a change in the mechanism for calculating penalties for validators in case of their inactivity. It is great news, especially for stakers who, due to problems with the Internet connection, received fines on an equal footing with those who deliberately disconnected. Now force majeure events such as unstable internet connection or power outages will be taken into account.
What will it look like in practice? For example, if one validator is disconnected 10 times for 6 minutes, which in total equals 1 hour, it will lose only 0.1% of its balance. If a validator has been inactive for a full hour continuously, it loses 1% of its balance. Thus, adopting a more flexible approach to inaction leakage can make life much easier for many stakers.

Cryptocurrency and American presidents
At a time when Bitcoin and Ethereum continue to set new price records and do not leave news feeds with loud forecasts, on the network new materials appear on the attitude of opinion leaders to cryptocurrency. In particular, our attention was drawn to a study on how the valuation of cryptocurrency has changed in the highest political circles of the US.
Back in 2016, the news that entrepreneur Matthew Roszak gave Bitcoins to former President Bill Clinton caused a great resonance. Many crypto enthusiasts expected that after such a step, Clinton would comment on his attitude towards digital currencies and, possibly, give a “blessing” to the blockchain. But that didn’t happen.
The 44th president of the US, Barack Obama, was also extremely careful in his statements about cryptocurrency, which, of course, cannot be said about Donald Trump. Recently stepped down as president, Trump did not stand on ceremony in his comments on the cryptocurrency. He has repeatedly stated that he is not a fan of Bitcoin, does not consider cryptocurrency to be full-fledged money. It was exactly during  the presidency of Trump when a wave of claims and lawsuits from the Securities Commission rolled on some blockchain projects.
It is too early to conclude the attitude of the Biden administration to the crypt. His political team includes both open opponents of the cryptocurrency and its adherents. In any case, in government circles, the issue of cryptocurrency regulation has been hanging in the air for a long time, and it will no longer be possible to delay its decision.

Ethereum-based domain names go mainstream
Unstoppable Domains, an Ethereum-based project and the main provider of blockchain domains, has delighted crypto enthusiasts with a new collaboration. The company announced the integration with the Cloudflare DNS service. Now users will be able to access sites with the .crypto domain extension through any browser.
Previously, sites with a “.crypto” URL were only accessible through browsers that integrated the extension themselves. In particular, back in March 2020, the Opera web browser joined the support for the “.crypto” domain name. This was the first time that a major web browser targeting the traditional DNS model has moved away from the “centralized path” and gave the green light to decentralized domains.
Unlike traditional ones, blockchain domains are stored by the owner in a dedicated wallet, not by a domain registrar like GoDaddy. Thus, the domain is under the control of the user, he does not need to pay an annual renewal fee. Also, this extension allows you to close the problem of user data leakage. As practice shows, traditional sites are guilty of this issue, since they cannot provide complete protection and confidentiality.
According to the CEO of Unstoppable Domains, “Ethereum-based solutions can completely change the old Internet.” As of today, nearly half a million domain names with “.crypto” have been registered. Well, perhaps the era of Web 3.0 isn’t that far from us.

Investing in Bitcoin does not slow down
More than 5% of CFOs of large companies announced their readiness to invest in Bitcoin by the end of 2021. Another 11% of corporations plan to add cryptocurrency to their balance within the next 3 years. Such data was provided by the analytical company Gartner.
The poll showed that some large companies are still sticking to a wait-and-see strategy. About 70% of respondents indicated that they are closely watching the sentiment in the financial market and those players who have already boarded the crypto train or are about to do so.
When asked why companies are delaying buying cryptocurrency while others are making multimillion-dollar investments, respondents said they expect clear steps from regulators.
According to ARK Invest’s assumption, if “all companies from the S&P 500 set aside 1% of their money” in BTC, the price of the flagship cryptocurrency would rise by about $40,000 and thus get as close as possible to $90,000.

Elon Musk commented on the attitude towards Bitcoin and DOGE
The recent high-profile statements by Elon Musk about Dogecoin do not give rest to major players in the financial market. Especially when you consider the fact that the tweets about DOGE as a popular cryptocurrency coincided with Tesla’s decision to invest $1.5 billion in Bitcoin.
Specifically, Binance CEO Changepeng Zhao, in an interview with Bloomberg, expressed his surprise at Musk’s “obscure and fanatical” claims about Dogecoin. Of course, Musk could not help commenting on this interview with his inherent note of sarcasm.
To reaffirm his “love for DOGE,” Musk intrigued Twitter followers over the weekend. He posted a note saying that he “set up several mining farms to mine DOGE with the kids.” Great toys, aren’t they?)

18.02.21 BTC Binaryx



BTC broke through 50,000 and it looks like it decided to gain a foothold above this value. So far, we are seeing long positions and continued growth. Approximate movement is shown by waves from 0 to 5 points. If the green support line is broken, we will go down to the blue, but this will be a local correction. It is better to hold positions and open stops at the level of 47-49,000

No gifts for such a holiday? Noway! What presents have we prepared for February 14?



February 14 is Valentine’s Day, and, of course, we have prepared gifts for our beloved users. What exactly? The opportunity to create greeting digital valentines and win a trip for two to one of the Emirates – Dubai.

The holiday is not limited only to this day of the week and it will last a whole month!

So here are a few key points. What kind of valentines are these?

Binaryx launched its own token – SVDT (St. Valentine’s Day Token), which is designed particularly to take advantage of a new unique opportunity – to show your feelings for someone (or something 🙂) in an original way.

Everyone can take part in the activities.
All registered (and existing platform members) have already received 100 SVDT free of charge, which can be converted into congratulations and voting.
The promotion runs from February 14 to March 14. During this period, the opportunity is available to create your own crypto valentine on the site and vote for it to gain the highest number of points.
The more activities, the higher the rating of your congratulations. Moreover, the higher the congratulations are in the rating, the more chances you have to take prizes and win valuable prizes.
Winners of the first three places will receive:
Romantic trip for two to Dubai
Apple Watch 6
AirPods Pro
4-7. Electronic wallets (for cold storage of cryptocurrency)
But the gifts are not over. Additionally, among all the participants, as many as 7 prizes of 1000 SVDT each will be drawn at random!

Will the token rise in price by itself – Yes! Its emission is limited and all tokens that will not be distributed to the participants of the action will be burned.

The algorithms of the token are such that every day it rises in price by 14%. Every day it becomes more and more expensive to buy it, therefore, the best solution would be to purchase it at the very beginning of the promotion! The initial par value of the 1st SVDT will be equal to USD 0.01, and at the end of the promotional period, it will be almost USD 4.

Tesla’s investment in Bitcoin at the beginning of the week had a bomb-like effect – Twitter spoke openly about the prospect of buying crypto, Bitcoin soared to almost $50,000, while analysts began to bet on when and in what format Apple will join the crypto space it will be. Let’s look at what the crypto market has lived this week and what events are worth paying attention to.


No gifts for such a holiday? Noway! What presents have we prepared for February 14?
February 14 is Valentine’s Day, and, of course, we have prepared gifts for our beloved users. What exactly? The opportunity to create greeting digital valentines and win a trip for two to one of the Emirates – Dubai.

The holiday is not limited only to this day of the week and it will last a whole month!
So here are a few key points. What kind of valentines are these?
Binaryx launched its own token – SVDT (St. Valentine’s Day Token), which is designed particularly to take advantage of a new unique opportunity – to show your feelings for someone (or something 🙂) in an original way.
Everyone can take part in the activities.
All registered (and existing platform members) have already received 100 SVDT free of charge, which can be converted into congratulations and voting.
The promotion runs from February 14 to March 14. During this period, the opportunity is available to create your own crypto valentine on the site and vote for it to gain the highest number of points.
The more activities, the higher the rating of your congratulations. Moreover, the higher the congratulations are in the rating, the more chances you have to take prizes and win valuable prizes.
Winners of the first three places will receive:
Romantic trip for two to Dubai
Apple Watch 6
AirPods Pro
4-7. Electronic wallets (for cold storage of cryptocurrency)
But the gifts are not over. Additionally, among all the participants, as many as 7 prizes of 1000 SVDT each will be drawn at random!

Will the token rise in price by itself – Yes! Its emission is limited and all tokens that will not be distributed to the participants of the action will be burned.
The algorithms of the token are such that every day it rises in price by 14%. Every day it becomes more and more expensive to buy it, therefore, the best solution would be to purchase it at the very beginning of the promotion! The initial par value of the 1st SVDT will be equal to USD 0.01, and at the end of the promotional period, it will be almost USD 4.
What will happen to the token after the promotional period?
This token will be available for trading in the Binaryx terminal, with its help you can perform various activities in the future, which we will talk about in the following promotions and posts! Also, you can read more about the token in our blog.

We tried to create something new and interesting for you, as well as to introduce you to the world of digital assets, which is more and more integrated into our everyday life. Use these tokens so that they bring a pleasant surprise to you and your beloved ones!

Twitter is considering Bitcoin purchase
The news that Tesla has invested $1.5 billion in Bitcoin triggered a chain reaction among the global largest players, which was quite expected. Twitter could jump on the fast-moving crypto train shortly. Ned Segal, the CFO of the company, announced this in an interview with CNBC.

The Twitter leadership is exploring possible use cases for Bitcoin for internal and external corporate policy. Today, there are already talks about paying salaries to the company’s employees in Bitcoins at their request. Also, an item on the agenda is the possibility to use cryptocurrency for partial payment for the services of Twitter partner companies.
Anthony Pompliano, a crypto enthusiast, commented on this interview with the CFO of Twitter. He is confident that after Tesla, the crypto wave will be picked up by Twitter and other multi-billion dollar corporations. According to Pompliano, “from now on, the chief financial officer of every large company will be asked about the presence of Bitcoins on the balance sheet.” It’s unavoidable.

On the Stripchat platform, crypto payments increased by 400%
While traditional businesses were struggling with the pandemic, adult websites gained a new wave of popularity. At the same time, in 2020, the trend towards using cryptocurrency to pay for the services of webcam models, to access premium accounts, and other additional “buns” was clearly outlined.

A prime example is Stripchat, an adult content platform. In 2020, traffic on the site grew by 72%, the monthly audience of the site approached 60 million users. Since the beginning of 2020, the number of transactions with cryptocurrency on the website has grown by 400%. More than 10% of porn models chose to pay for their works by cryptocurrency instead of fiat money.

Today Stripchat accepts 12 cryptocurrencies and, as it turns out, is quickly picking up “crypto trends”. After a recent tweet by Elon Musk about DOGE as a “people’s cryptocurrency”, the token immediately appeared on this list. Also, Pornhub does not hide its love for cryptocurrency, especially after Mastercard and Visa refused to work with this platform. Pornhub accepts over 16 cryptocurrencies as payment, including Bitcoin, Ethereum, Monero, Litecoin, XRP, Dogecoin.

DeFi goes mainstream and may lead Web 3.0
This week, a comprehensive study of the DeFi market and its impact on the development of Internet technologies were presented. Thanks to the DeFi boom, concepts such as staking, pharming, and swapping have taken root in 2020 in the lexicon of not only crypto enthusiasts. Institutional investors from Wall Street are increasingly involved in this area. As a result, DeFi’s market capitalization grew by 4300% over the year to reach $ 45 billion.

Today there are over 230 DeFi apps, and this number is literally increasing daily due to the development of new products. As it scaled, DeFi has spurred the transformation of the current Web 2.0 system of Internet technologies to a completely innovative and decentralized Web 3.0 infrastructure. We are witnessing the formation of a fundamentally new economy in which privacy, the user’s right to financial freedom will come first.

Ethereum was the driving force behind the development of Web 3.0. According to Electric Capital, “Ethereum has 4 times more developers than any other crypto ecosystem.” Thanks to continuous scaling, Ethereum can lead the next generation of decentralized applications and become a key link in the Web 3.0 system.

Tesla first, then Apple?
With Tesla Motors investing in Bitcoin, the intrigue is heating up as much as possible – will Apple be the next institutional player to join the crypto space? Of course, analysts see Apple as a potential participant in the big crypto race and are deliberately considering scenarios in which format the company can enter the crypto market.

Experts from the Canadian bank Capital Markets believe that Apple needs to create its own cryptocurrency exchange. Thanks to this solution, the company can make a revolution in the crypto industry and, as a result, get multiple profits. According to preliminary estimates, the launch of the marketplace will allow Apple to generate additional annual revenue of $40 billion and more.

Today, Apple’s market capitalization is more than $2.2 trillion. Hypothetically, if a company allocates $ 200 billion for the purchase of Bitcoin, it will become the owner of about 25% of the Bitcoins that are in circulation.
After Tesla’s announcement, bitcoin staged a victorious march from new all-time highs and came close to $50,000. If Apple follows Tesla’s lead, it will further spur demand for cryptocurrency and, therefore, push Bitcoin upward.

XRP may leave the top 5 cryptocurrencies by market cap
In the ranking of cryptocurrencies by market capitalization, there is an intensified struggle, which in the future can bring new players to the top positions. XRP this week has already found itself literally “in the balance” several times from losing its 5th place. The Ripple token is breathing down the back of Polkadot (DOT), which has been in an upward channel since mid-January.

XRP risks leaving its positions as a result of a new alt season, which analysts say is already on the way. Despite the advances that XRP has shown in recent weeks, the token could not keep up with competitors that are gaining momentum more quickly. In particular, over the past 7 days, Polkadot has increased by more than 40% and reached a market capitalization of $25.3 billion.

Another strong competitor for XRP is Cardano (ADA). On February 8, Cardano surpassed XRP and took 4th place in the ranking. The token has risen in price by 90% in the previous week and reached a market cap of $26.2 billion. Nevertheless, XRP is still ready to compete for the status of one of the top 5 cryptocurrencies and, according to some analysts, will soon “come out of the shadows.” At the time of writing, XRP is trading at $0.54.

ConsenSys unveiled AirSwap upgrades
ConsenSys, an Ethereum software company, was in the spotlight this week. The team unveiled an updated version of AirSwap, a peer-to-peer exchange system that aims to protect traders from market manipulations such as price outperformance or slippage.

This task has been achieved through the use of the exchange request for quotations (RFQ) protocol and atomic swaps for settlements. According to one of the leaders of ConsenSys, RFQ systems can minimize the cost of gas to users, and contribute to the formation of more favorable pricing. In the future, AirSwap RFQ can cover about 40% of the volume of decentralized trading and become the best solution for OTC transactions.

ConsenSys also encourages users and developers to join the development and improvement of the AirSwap ecosystem. Proposals who get approved will be able to receive AirSwap tokens. To date, 15 improvement proposals (AIPs) have been published, some of which have already been implemented.

The first week of February was eventful. DEX trading volume hit a new high, XRP experienced an epic pump and price drop, while Visa prepares to integrate a crypto service for black Americans. Elon Musk again successfully “played with DOGE on Twitter” and not only – our today’s review about these and other news.



DEX trading volume exceeded $55 billion
Decentralized Exchanges (DEX) continue to gain momentum at an accelerated pace. At the end of January, the DEX trading volume exceeded $55 billion and doubled its historical maximum in less than six months. For comparison, in September 2020, this figure was $26 billion, in September 2019 – $281 million.

The increase in trading volumes is directly related to the surge in activity on trading floors. Uniswap continues to be the leader in the DEX sector, with 45% of the market share. January was extremely productive for Uniswap: trading volume on the exchange reached $29.5 billion, total blocked amount (TVL) increased to $3.18 billion.

The undisputed dominance of Uniswap has slightly shaken last month, because the main competitor, SushiSwap, is breathing in the back. This exchange has grown significantly after its merger with the Yearn ecosystem. As a result, SushiSwap’s DEX market share increased to 22% with a trading volume of $12.2 billion. The total amount blocked on SushiSwap rose to $2.34 billion.

However, the competition between Uniswap and SushiSwap only serves to benefit the DEX market and signals an impressive increase in user confidence.

Visa announced the development of crypto service for Black Americans
Visa has taken another step towards integrating cryptocurrency into the global payment system. The company announced the launch of pilot software for the help of individuals, who are not clients of traditional banks, can buy, store, sell cryptocurrency.

The initiative was part of a collaboration with First Boulevard, a digital bank targeted at black Americans. According to Jack Forrester, chief product officer at Visa, APIs are designed to bridge the wealth gap between different populations. Difficulty getting mortgages, higher interest rates, and racial pay gaps are just a few of what continues to be faced by the black community in America.
The digital assets of Visa clients will be on the balance sheet of the digital asset bank Anchorage, which was the first in the U.S. to receive a license from the regulator to provide crypto services. Users are expected to be able to withdraw cryptocurrency to external wallets. In this matter, Visa has overtaken PayPal, whose clients can make crypto transactions exclusively within the framework of the payment system.

Elon Musk pumped up DOGE again
Elon Musk continues to hooligan and moves his “favorite cryptocurrency” up. As practice shows, Elon only needs to write the word “DOGE” on Twitter, and the price of the token soars up in a matter of minutes.

On February 4, the scenario repeated itself: after Elon Musk’s tweet, the DOGE price increased by 45% within 30 minutes to $0.058. But the CEO of SpaceX didn’t stop there. After a short time, in his account, he published a caricature of an episode from the famous cartoon “The Lion King”, in which, allegedly, “Elon Musk” holds Simba with the muzzle of the “DOGE” meme-dog. As a result, in 24 hours DOGE has risen in price by 64%.

Over the weekend, Elon Musk continued to “play with DOGE” on Twitter. On February 7, he published a poll “The Future Currency of the Earth”, in which only 2 positions were presented – “DOGE” (who would doubt it) and “the rest of the crypto”. In the survey, which was attended by more than 2 million subscribers, DOGE won with a score of 70.7%. Well, quite a predictable outcome.

Despite the humorous nature of the survey, the result was not long in coming: on Sunday, the price of DOGE rose by another 27% and reached $0.082.

SushiSwap took over a part of Uniswap’s market share
SushiSwap, the decentralized exchange, has once again proved that it is ready to compete with Uniswap and intends to change the attitude of the skeptical part of the market towards itself. Between mid-December and February, the exchange was able to increase its market share to 22%, thereby reducing the percentage of Uniswap dominance.

The increase of SushiSwap was driven by its merger with Yearn.finance (YFI) in December 2020, according to analyst Mira Christanto. If earlier accusations of Uniswap cloning flew towards SushiSwap, now the criticism has subsided, since this merger confirmed the legitimacy of the project and provided protection for TVL.
Despite the busy migration of tokens to the platform, SushiSwap still lags behind Uniswap in terms of blocked funds. To catch up with a competitor, SushiSwap needs at least another $1.11 billion.

XRP skyrocketed 147% and crashed sharply
XRP again became the subject of heated discussion this week, but the news feed was far from controversial. XRP jumped 147% between January 30 and February 1, reaching $0.76. For a short time, the token burst into the top three crypto leaders in terms of market capitalization with an indicator of $27 billion. The abnormal price rise turned into a sharp drop: in a matter of hours, XRP fell from $0.75 to $0.39.

Many analysts saw this XRP behavior as a “pump and dump” strategy. Shortly before the XRP rally, a group called Buy & Hold XRP was created in the Telegram messenger, whose members called for the purchase of the token. Enthusiasts managed to inflate XRP quotes, but, like all pumps, the upward movement did not last long and ended where it began.

Experts point out that speculative group investing is becoming a trend and social networks make this process much easier. In the last month alone, we have witnessed high-profile pumps involving Dogecoin, XRP, GameStop, and AMC. According to analysts, such episodes in the biography of assets may partially undermine their reputation.

USDC volumes on exchanges increased by more than 112%
USD Coin continues to grow its market share. The figures presented this week by the analytical company Glassnode eloquently confirm this: in January, the amount of USDC on exchanges increased by more than 112% from 431 million dollars to 915 million dollars.

Since the beginning of 2021, USDC has been minted for about $1 billion. According to Glassnode, the increase in USDC emission may be related to the strategy of traders to play on the possible upcoming drawdown of the cryptocurrency.
According to analysts, one of the catalysts for the growth of USDC was the launch of software from the Circle company, with the help of which users were able to convert USDC to US dollars.
Amid the success of USDC, Tether (USDT) numbers are fading slightly. In January, the dominance of USDT stablecoins fell below 75% for the first time, which is associated with a general increase in the volume of competing stablecoins. A striking example is the stablecoin DAI, whose capitalization in just a month increased by 3800% from $40 million in January to $1.6 billion at the current moment

08.02.21 BTC Binaryx



On hour candle, we continue to move in the growing channel. The future, possible, movement is indicated by waves 1-5. But there is a moment: divergence is traced on the daily chart, therefore, it is necessary to enter the long very carefully, with stops under the green trend line.

This week was relatively calm in the crypto market. The key event was the deepening of cooperation between Reddit and the Ethereum Foundation, which is already predicted to have great prospects. Of course, we could not ignore the regular Dogecoin pump, the Ripple disclosure, and new flows of institutional money into the crypt. Read about and more in our weekly review.


Ripple Labs spent about $700,000 lobbying in the US
Ripple Labs is one of the few companies that has consistently been on everyone’s lips over the past 2 months. This time, the news about lobbying for Ripple’s interests in the US government threw wood on the fire. According to open sources, the company allocated $690,000 in 2020 to promote its program at the White House.

Ripple’s lobbying spending is almost 3 times higher than that of other leading players in the crypto industry. But even with such a trump card in the hands of the company, it was not possible to avoid a lawsuit from the Securities and Exchange Commission. So far, Ripple Labs is in limbo, but that hasn’t stopped XRT from skyrocketing 60% in price this week.

It is not gusting one day that Ripple has allocated large sums to promote its program in the US Congress. In particular, in 2019, nearly $450 000 was allocated for this purpose. However, Ripple’s spending still pales in comparison to the tech giants. For example, Facebook spent more than $5 million on lobbying in Q4 2020 alone.

Ripple’s main interest is in promoting the Token Taxonomy Act, which precludes the classification of cryptocurrency as a security. So far, Ripple’s efforts to advance his interests in the United States have not been crowned with great success, but as they say, a lost battle is not a lost war.

Rally Bitcoin and DeFi boom become the main drivers of the crypto market
2020 was a turning point for the crypto market thanks to two internal factors, namely, Bitcoin’s parabolic rally and the hype around DeFi. But is there a relationship between these drivers?

Analysts point out that Bitcoin and DeFi played a great duo last year, and this trend is likely to continue in 2021. As the total trading volume on the DEX has increased significantly over the past year, some experts have linked Bitcoin’s rise to the increased use of DeFi platforms.

According to Robert Leshner, CEO of Compound, “BTC’s vertical rise to $40,000 was driven not only by the influx of institutional money into the market but also by the surge in WBTC activity.” According to analysts, the rise in BTC prices is also an extremely positive signal for the scaling of DeFi.

The world’s largest investment company BlackRock is interested in crypto 
Institutional players who are already on a train called “cryptocurrency” are likely to be joined by the world’s largest investment company BlackRock. The financial giant controls over $8.7 trillion in assets. BlackRock’s interest in cryptocurrency is evidenced by the filing of an application with the SEC to consider trading Bitcoin futures based on its two funds.

The first signals about a warming attitude towards cryptocurrency from BlackRock sounded back at the end of 2020. Extremely revealing is the words of Rick Reeder, the company’s chief IT director, that “Bitcoin has a great chance to squeeze Gold and take its place.” Larry Fink, CEO of BlackRock, also spoke about the value of Bitcoin as an investment tool in early December. He suggested that “cryptocurrency can transform into a global market.”

The news of BlackRock’s potential accession to the crypto market was received with enthusiasm in the crypto space. Analysts are optimistic about the initiative as another step towards building confidence in Bitcoin as a mature and reliable asset class. If BlackRock enters the Bitcoin futures market, it is a high probability that a chain reaction will follow, and new large asset management companies will soon enter the crypto market.

Public companies own over $3.6 billion of BTC
This week, analyst Kevin Rook published a study that demonstrates the dynamics of the influx of institutions into the crypto market in an extremely revealing way. According to the data presented, in 2019, there were only 20,000 BTC on the balance sheets of public companies. Within 12 months, this figure skyrocketed to 105,837 BTC, the equivalent of over $3.6 billion.

There are 19 publicly traded Bitcoin companies on the market today. MicroStrategy remains the obvious leader, with 70,784 BTC on its balance sheet. This company has invested a record $1.125 billion in Bitcoin and, apparently, is not going to reduce its appetite for buying crypto. The top three also included GalaxyDigital Holdings, which acquired more than 16,400 BTC, and Square (4,700 BTC.)

As for the price of Bitcoin, analysts have been extremely cautious in their predictions this week. On January 27, the price of the flagship crypt briefly dropped below $30,000 but was able to rebound. Bitcoin has been stuck in the $29,000 to $35,000 range so far and is likely to fluctuate in this price region in the near future.

Reddit announced a partnership with Ethereum Foundation
On January 27, the largest social platform Reddit announced its deepening cooperation with the Ethereum Foundation. Some experts have already dubbed this initiative as a landmark event for the crypto industry in general and Ethereum in particular.

The first steps towards this blockchain partnership were taken back in May 2020. Then Reddit initiated the launch of the Community Points application, with the help of which editors could receive ERC-20 tokens for the publication of useful and interesting content. The app is currently in beta testing in the CryptoCurrency and Fortnite communities.
The Reddit announcement also states that “we will do our best to ensure that Ethereum reaches the scale of our platform in the future.” It sounds ambitious enough. Experience shows that Reddit, with a daily audience of more than 50 million users, can influence market processes. Well, let’s see.

Dogecoin soared in price by 900% in 2 days
Once again, Dogecoin (DOGE) was at the epicenter of the excitement. This time, the price of the token was “sent into space” by users of the Reddit platform, who this week also featured a pump from GameStop. According to crypto enthusiasts, it is the inflating of the gaming company’s shares by 400% that has led to an artificial increase in the price of DOGE.

Despite attempts by moderators to suspend the spread of calls to buy “Elon Musk’s favorite crypto”, the snowball could not be stopped. As a result, on January 28-29, the price of DOGE soared by 900% to 0.078% of the dollar. The market capitalization of the token exceeded $3.1 billion, leaving behind Tezos, Monero, and EOS. At the time of writing, DOGE is ranked 14th in terms of market cap and continues to be in the green zone.

At the same time, the hype around the token instantly migrated to Twitter. According to the analytical company “The TIE”, the volume of tweets mentioning DOGE increased by 1787% compared to the average for 30 days. A total of 89,991 tweets were posted about DOGE in 24 hours. DOGE became the first altcoin in history to surpass Bitcoin in the number of mentions on Twitter per day.

02.02.21 BTC Binaryx



Last week, Elon Musk, with his tweet, brought BTC back to the growing channel. On one hour candle , we have already held on and continue to grow gradually.
Possible movement is displayed in 5 waves. You can look closely at the longs. The pivot point is below the level of 32500. A stop can be placed below this value.

28.01.21 BTC Binaryx  will soon be wedged



We have successfully completed the 5th wave from the previous idea. What's next ?
For now, we are still looking towards 28,000, but the price will gradually be squeezed into a wedge formed by a red downtrend and a purple ascending line.
The other day we got Death Cross (the average 50 crossed 200 for 4 hours) This is a general signal for the continued decline in the BTC price, but we also have already formed support lines.
For investors, there is still no point in buying BTC, as we continue to decline. A good price to enter can be a breakout and consolidation of the price above 32,000
For traders, you can focus on trading in the forming wedge.
Also pay attention to altcoins, many of them remain in growing channels and show excellent volatility.

The protagonist last week was Ethereum, which was able to renew its all-time high of 2018 and found itself in “uncharted price territory”. Biden gave hope that U.S. cryptocurrency regulation would get off the ground, while the Russian crypto exchange LiveCoin shut down with a bang. Read about these and other events in our weekly review.



Cardano doubled in value and became a Twitter star
Since the beginning of January, Cardano (ADA) has been confidently in the green zone and, apparently, is not going to leave the cozy place shortly. Over the past 3 weeks, the price of assert has risen more than 200%, with daily trading volume soaring to $3 billion. As a result, ADA ranked 6th in terms of market capitalization, overtaking Bitcoin Cash.

Achievements of ADA coincided with a record surge in social media activity. This week has passed under the sign of Cardano on Twitter: monitoring of entries on the network has shown an all-time high number of mentions of the token. What were Twitter users discussing? The most common triggers are the words “pool,” “stake,” “stake pools”, and this is no coincidence.

After the launch of Shelley and the transition to the Goguen era, adherents of Cardano enthusiastically await the deployment of smart contracts, which will allow the network to reach a new level of functionality. Even more “X-day” awaits Charles Hoskinson (the Cardano founder), who confidently stated that “Cardano will become one of the leaders in the DeFi space.”

Certainly, the upcoming network update has improved market sentiment around ADA. This week the token has risen in price to $0.358. Considering the decline in the supply of ADS amid lively staking, analysts are regarding a scenario for the token price to rise to $0.40 in the short-term.

Grayscale CEO named the 6 key trends for the crypto market in 2021
Michael Sonnenshine, the new Grayscale Investments CEO, is convinced that 2021 will be marked by large-scale investment in digital currencies. He spoke about this at the CFC online conference in St. Moritz.

According to Sonnenshein, institutional capital will be the same powerful driver to push the crypto market into the next bull cycle. Investors will continue to actively diversify portfolios with Bitcoin and other digital assets, betting on the long-term play. Also, the following trends will be visible in 2021:

Increasing confidence in investing in digital assets
Grow interested from clients of financial advisors
Scaling up the volume of cryptocurrency mining in North America
Broad launch of stablecoins
Digitalization of national currency units
Development of crypto regulations
This week, Grayscale’s appetite for buying Bitcoin has played out very much: on January 19, the company acquired BTC 18 times more than it was mined in a 24-hours. Over the past 7 days, Grayscale has added to its “piggy bank” Bitcoin worth about $ 1 billion. In general, the total value of all cryptocurrency assets of the company is estimated at $ 28.1 billion.

Ripple hopes for the Biden administration loyalty to cryptocurrency
Joe Biden’s rise to power could change the “rules of the game in favor of the cryptocurrency” and give an impetus to the development of the crypto industry in the United States. This forecast was announced by the leadership of Ripple.

Given the protracted proceedings with the SEC, Ripple’s announcement of an urgent change in policy towards cryptocurrency looks natural and predictable. The issue of developing a clear regulatory framework for the cryptocurrency market in the United States has been repeatedly raised but the matter did not go beyond discussions.
American crypto enthusiasts can still breathe out calmly because positive news has already arrived from the White House. On January 22, Joe Biden postponed for 60 days’ consideration of the document on the regulation of cryptocurrency wallets, which was submitted by the Financial Crime Enforcement Network (FinCEN) and provided for the imposition of serious restrictions on transactions.

Ethereum has updated its all-time high
On January 19, the price of Ethereum for the first time since 2018 exceeded the all-time high of $1,424 and found itself in “uncharted territory” just above $1,430. The next day, the asset rolled back 7%, which, according to analysts, was due to overheating in the futures market.

Technical indicators continue to signal Ethereum’s readiness to continue the rally. Ethereum’s next parabolic leap may be driven by increased interest in DeFi. Over the past month, users have contributed about $20 billion to DeFi lending protocols, and this trend is only accelerating.

Ethereum continues to make a big splash, with data showing that Ethereum’s transaction volume last week exceeded Bitcoin’s transaction volume by 28%. Over the past 12 months, the number of daily active Ether addresses has doubled to reach 550,000. If you look at the statistics of current searches on Google, Ethereum is at the top. A similar heightened interest in Ethereum was seen during the 2017 bull market.

Analyst Michael van de Poppe believes that a new all-time high is just the beginning of a long journey of Ethereum. He is looking at a short-term scenario for the price of ETH to rise to $1,800.

Whales own over 81% supply of LINK
According to Glassnode, the centralization of Chainlink (LINK) distribution has reached an all-time high: over 81% of tokens are in the 125 largest wallets (1% of all token holders). Whales are consistently showing high activity towards LINK, continuing to buy tokens even at record high price levels.

LINK’s turnover has increased by over 50 million units in the past few months. A new influx of tokens entered the market as a result of the sale of personal savings from the Chainlink team. This move further widened the gap between whales and small token holders.
LINK prices soared 46% this week. The asset can be congratulated on a new achievement – at the time of writing the review on market capitalization, the token surpassed Litecoin and Bitcoin Cash and took 7th place in the rating with an indicator of $9 billion.

Game over: LiveCoin exchange closed
On January 16, the Russian exchange LiveCoin announced the termination of work due to the alleged attack by hackers and irreparable damage that was caused later. LiveCoin representatives promised their clients to “return the remaining funds”. To receive compensation, you must send an application with your login and date of registration on the exchange by March 17, 2021.

According to users, “something strange on LiveCoin started happening at the end of December.” A few hours before the hack on the exchange, the price of Bitcoin rose to $320,000, Ethereum went up to $24,000, while the withdrawal of funds from the exchange was not available. According to LiveCoin, it was hackers who changed the value of assets to abnormally high values.

In a statement, the exchange also asked customers not to join chat groups called “LiveCoin,” as the exchange has nothing to do with them. “Do not under any pretext send money to fake exchange employees for getting your funds back,” LiveCoin said.

The presence of several serious Livecoin faсk ups in the past adds fuel to the fire, as a result of which clients of the exchange suffered significant losses.

26.01.21 BTC Binaryx. The hike to 28-27,000 remains relevant



After breaking through the triangle, which was indicated by the blue line, we smoothly descend to the purple one. Another line along which we can trade, which means that the downtrend continues, approximately to 28,000. The movement is shown by dots from 1 to 5
Investors shouldn't buy the asset yet. The resumption of growth is possible, but later, we will see it on the charts.
Traders can work with an amplitude of 27-32,000 USD

20.01.21 BTC Binaryx. Will BTC stay at the support level ?



We look at our triangle on the watch, we are within its boundaries, and according to the recommendations given in other ideas, we should now purchase it with the aim of selling at 36,000.
Everything will depend on the next candle. If we break through 34,000 and fix under the lower edge of the triangle, we will redraw its possible movement (BTC) and decide to exit the position. So far, we are trading within the previously indicated limits.
For investors, this is not a very profitable position now and it is not necessary to acquire BTC in the long term, since we do not see an obvious growth channel.
For traders, the work in the triangle is still valid.


If you want to know more about cryptocurrencies or keep abreast of news, use our platform Binaryx.com,  here you can not only exchange cryptocurrency, but also trade in our terminal.

BTC/USD 14.01.21



The corrective movement did not reach the support of the trend line at 4 o'clock - this is the area of ​​27,500, so the probability of going to this value remains. I have indicated a triangle in which BTC can be for a while. The amplitude of fluctuations may begin to fade and we will see the limits of 30-36,000.
On the hourly chart, we hit the resistance of 36,000 and start trading under the trend line - this is the second sign of the continuation of the correction after the abnormal price movement on the daily chart.
Those who want to catch the movement, for now, need to focus on the area of ​​the triangle, but if we get out of it, we will build a different picture of the likely development of the situation.

BTC/USD 07.01.21



There is a likelihood of going to 40,000 to break through the next psychological level, this may happen before January 15-30. (If in numbers, this is about 10% growth)
Trading volumes are decreasing, which means that there are no real buyers today. Usually robots drive the price this way, luring those who expect endless growth. In order to “safely” buy BTC at the current price, we have to trade in the range of 32,000 -34,000 by March 15-30, 2021, this will bring the current price to the average current for the future date.
Accordingly, a correction awaits us, either from the current values, or from mid-end of January. The corrective impulse will reach $ 16,000 - $ 19,000 (the weighted average price of BTC at the current time). With a sharp correction, you can buy BTC in the above range with the aim of selling at 20-25,000. Then there will be oscillations and a decrease in their amplitude. Bitcoin will trade along a horizontal line, this will be the best move for investment purchases for the long term (vertical growth is currently underway).
Let's turn to the history of 2018. On the weekly chart, we saw 5 unidirectional candles on the 6th, a correction has already begun, which amounted to 45% of the maximum price.
Today's growth has already reached 4 equidirectional weekly candles, another two weeks and we should start a correction. Let's take the maximum USD 40,000 in numbers, 45% of the correction is 18,000, that is, the price will reach 22,000 and this can happen in a week (analogue of 2018) The risk of losing part of the capital that exists after the acquisition of BTC is quite large today. For an investor, the current moment is very unfavorable for acquiring BTC in the long term.

yes, you are right, in order for us to reach the 55,000 mark we must undergo a correction, on this impulse we will not reach the target
Although we have already reached the 34,000 price

BTC/USD 05.01.21



Today we will take a look at BTC on a daily chart. We see a second red candlestick, if we see another one or two, this will indicate a possible trend reversal. For those investors who are in BTC, you can keep it with a stop at 25,000. Why is it so low from the current price? Because now there is a trade with a fairly large amplitude. For those who are not in BTC, you can pay attention to some of the altcoins that have not yet given a large enough profit. (TRX, ONT, NULS, etc.) If the situation of 2018 repeats itself, then we will see an explosive rise in altcoins, but for this BTC should not start to fall sharply, it should be in the sideways. A correction awaits us, but it is difficult to understand whether it is horizontal or with a downtrend. You need to wait a bit for the situation to develop.

BTC/USD 27.12.20



Bitcoin has set a good pace. We go through the alphabet, the 5th wave looms. If we break through the previous maximum, then the growing channel will remain and we will follow to 30,000. If the extremum is not exceeded, then, most likely, we will trade in sideway. Long with stops at 25,000 is preferred

Bitcoin soars to $23,800 and prepares for “To The Moon”

December 19, the victorious procession continued: Bitcoin peaked at $24,200 but then rolled back into the range of $23,500 – $23,800.

The update of the all-time high of 2017 excited the crypto community in earnest and became the reason for new predictions. Willie Woo was one of the first to share his expectations. The trader is convinced that Bitcoin will continue to rally and at least reach the $100,000 level by the end of 2021. On this path, the defining point for Bitcoin will be $55,000 because this price will allow the crypto asset to reach 10% of the market capitalization of Gold.
The technical indicators on the weekly chart confirm the optimism that now prevails in the crypto community: the bulls remain on the side of Bitcoin, and ready to continue the vertical rally. Is Bitcoin expecting a repeat of the 2017 scenario? So far, analysts comment on this with caution.

Unlike 2017, now Bitcoin has significant support from institutions, the macroeconomic situation forces it to play by new rules and in general, the crypto market has made a huge step forward in the context of 2020. Against the backdrop of optimistic forecasts, analysts also do not exclude a correction in the price of Bitcoin. When and at what level the Bitcoin correction will take place is still a matter of time.

DeFi community criticized the new Compound Chain protocol
On December 17, Compound Finance, a popular DeFi project, announced the development of its blockchain, with a test version scheduled to launch in 2021. The new Compound Chain protocol is designed to provide access to lending across different blockchains. For example, a user of an application based on the Tezos blockchain will be able to receive a loan in tokens that are stored on the Polkadot network.

According to the developers, the new blockchain will be able to solve the problem of high transaction fees in Ethereum. This cost reduction will be achieved through the use of the Proof of Authority (PoA) consensus mechanism, which provides for the support of the transaction process by the validators. The Compound Chain ecosystem will use its CASH token to pay the commission.

The idea of ​​creating a new blockchain-based on PoA did not receive the desired support from the DeFi community. The analyst Anthony Sassano has been a fierce critic of this system. He believes that there is no need for a new Compound Chain as such since the deployment of Ethereum 2.0. will be able to solve all the stated problems. In his opinion, the use of the PoA mechanism is a direct route to centralization, and the launch of side networks can further confuse.

To date, the total value of assets locked in the Compound Chain exceeds $1.80 billion.

Cardano blockchain will support smart contracts written in Solidity

Cardano is preparing to take another step towards scaling by integrating Solidity, the main programming language for writing smart contracts. Shortly, a system will be implemented thanks to which developers will be able to work seamlessly in the Cardano and Ethereum ecosystem.

This initiative is part of the Cardano team’s commitment to bringing leading developer communities to their ecosystem. According to Tim Harrison, director of marketing at IOHK, Cardano is now building bridges between developers, which will enable long-term partnerships in the future and will be the impetus for continued modernization of smart contracts.

Going forward, Cardano plans to bring developer networks such as Glow and IELE into its ecosystem.

XRPL testing showed “promising results”
David Schwartz, CTO at Ripple, tested an updated version of the XRP Ledger platform software last week. Three key indicators were taken as a basis – memory consumption, data processing, and the time during which the task was completed.

Schwartz announced all stages of testing on his Twitter account. The XRPL performance benchmark results were more than encouraging. The number of nodes processed per second increased from 73,000 to 327,000. Also, the optimized version of XRPL showed an increase in average sync speed with less memory consumption. If the current version of XRPL syncs in 82 seconds when consuming 5.2GB of memory, the updated version syncs in 37 seconds when consuming 2.2GB of memory.

On key performance metrics, XRPL optimization has been improved by over 50%. But for now, the updated version of XRPL is only available in test mode, and according to Schwartz, the community is open to new proposals from developers.

Large investors have acquired 500,000 BTC since September

Institutional investors have shown tremendous interest in Bitcoin and continue to be in the spotlight. Since September, investors with $20 million or more in BTC have acquired a total of 500,000 BTC (worth about $11.5 billion).

Aggressive Bitcoin hoarding by big players is fueling the current crypto asset rally. Economist Philip Gradwell is convinced of this. He noted that “the entry of new investors into the market has become one of the drivers for the growth of the BTC price from $1110K+ in September to $1120K + in December.”

The influx of institutional investments is under the banner of portfolio diversification, inflation protection and, according to analysts, will receive a new impetus in 2021. A good example is MicroStrategy and Grayscale, which continue to actively buy Bitcoin even at current levels and are determined to play for a long time.

Another important event awaits Bitcoin next week: 92,900 BTC options expire on December 25. Analysts do not exclude that this event may provoke an increase in Bitcoin volatility.

Its our plan) will see

BTC made an impulse movement and we reached 24,000, in the near future, most likely, we will move between 22,000 and 24,000, as shown in the chart. This will be a lateral corrective movement. As mentioned earlier, for investors, it is necessary to hold positions with a stop below 20,000, for traders, to work from long position. Buying on pullbacks selling at discretion

If you want to know more about cryptocurrencies or keep abreast of news, use our platform Binaryx.com,  here you can not only exchange cryptocurrency, but also trade in our terminal.