[ANN] EQONEX - First Nasdaq Listed Crypto Exchange - Active Promos!

[EQUOS]

Where we go from here will be decided tomorrow. The annual Jackson Hole event will see the Federal Reserve Chairman provide guidance to the world's market on when, if ever, the Fed might taper their $120B a month asset purchases.

https://learn.eqonex.com/news/daily-btc-analysis-187

[EQUOS]

Bitcoin is up 3% on the day, as the Fed assured the markets that it is in no rush the remove the punch bowl. Stocks rallied, Bitcoin rallied, and everyone rejoiced. The Fed may still taper this year, but that will largely depend on the health of the nation.

https://learn.eqonex.com/news/daily-btc-analysis-188

[EQUOS]

We are seeing the first signs that miners are feeling confident that their selling activity will be absorbed by the market. A slight rise in miner wallet outflows, albeit small, is still a positive sign. Will we see a further increase this week?

https://learn.eqonex.com/news/daily-btc-analysis-189

[EQUOS]

We are seeing the rotation from Bitcoin into alts in real-time: with wallets of both larger and smaller holders all showing the same behavior—selling.
Is the rotation into alts a sign of an early crack in this rally?

https://learn.eqonex.com/news/daily-btc-analysis-191

[EQUOS]

Most American equity indexes traded flat. But are close to, or at, all-time highs.

European equities are also inches away from their record highs. In contrast, Asian equities are forming a bottom.

https://learn.eqonex.com/news/september-2-daily-crypto-update-us-tops-asia-bottoms

[EQUOS]

The market printed above 50K, but was unable to sustain the momentum needed to drive prices through the wall of resistance.

But with exchange balances falling once again, this sell wall at 50K will not persist forever.

https://learn.eqonex.com/news/daily-btc-analysis-192

[EQUOS]

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https://eqonex.com/promotions/september-welcome-bonus/

[EQUOS]

We can't rule out a little intervention from our favorite press office, especially on a Friday evening, but baring any FUD, I'm hoping for one of those crypto weekends where checking your phone is followed by, "Oh, that's nice, everything has gone up again."


Very optimistic, I know, but we're allowed to dream.


https://learn.eqonex.com/news/daily-btc-analysis-193

[EQUOS]

El Salvador has bought about 400 Bitcoins as BTC ​legalization in the country approaches, and Cuba says it will recognize and regulate cryptocurrencies. With nations adopting BTC, are we going to see a massive pump soon.

https://learn.eqonex.com/news/september-7-daily-crypto-update-el-salvador-buys-400-btc-btc-legalization-approaches

[EQUOS]

Leverage is to blame for today's move. When this happens, prices swing wildly.

A sweeping move below 50K triggered the avalanche: The people of El Salvador sat down to lunch and experienced their first taste of what it's like to open a Bitcoin price-tracking app and blink.

Welcome.
https://learn.eqonex.com/news/daily-btc-analysis-195

[EQUOS]

The next 4-5 days will be telling: Should we move back above 47.5K, then a return to 50K is on the cards.
Yesterday, the sold coins left exchanges. While this is a positive sign, it's too early to tell if this trend will continue, given yesterday's price action.
Will we make it back above 50K this week?

https://learn.eqonex.com/news/daily-btc-analysis-196

[EQUOS]

BTC is at $46,200. LUNA is up 10% on the session. KSM and MATIC both gained a healthy 4.5%. Then we see coins like XTZ, GRT, ETH, and DOT not rising much but are still in the green.

https://learn.eqonex.com/news/september-9-daily-crypto-update-btc-46200-btc-dominance-lower

[EQUOS]

Inflows to exchanges picked up and miners reduced their selling. More of a concern than that, however, is that if we look at Bitcoin's average retracement, it lasts between 7-12 days. We're on day 3, and the bears may not be done just yet.

How big will this dip get?

https://learn.eqonex.com/news/daily-btc-analysis-197

[EQUOS]

Last week we asked who will follow El Salvador: A new poll suggests that public opinion in Brazil supports El Salvador's move and would welcome Bitcoin as legal tender.

“Brazilians were the biggest advocates of crypto-recognition in the region, with 56% supporting El Salvador’s approach and 48% saying they want Brazil to adopt it as well…”

Will Brazil be next?

https://learn.eqonex.com/news/daily-btc-analysis-199

[EQUOS]

The 3 month moving average of coin flow to and from exchanges paints a clear picture: Since March 2020, Bitcoin has been hodled off-exchanges.

With nearly 80% of all BTC now belonging to long term holders (a level last seen in October 2020), I’m starting to wonder why anyone would want to part with theirs.

https://learn.eqonex.com/news/daily-btc-analysis-200

[EQUOS]

With another 2.5% gain today, Bitcoin has seen back to back positive days. Whales have continued to add to their positions. Couple this with the fact that the supply held by long term holders is breaking ATHs, and the market is looking strong. 

Will we break up through 50K again this week?

https://learn.eqonex.com/news/daily-btc-analysis-201

[EQUOS]

US players have been selling USD on rallies recently, as US and UK inflation data has surpassed expectations.

This has slowed Bitcoin's advance and given us a quiet trading session, as well as a lack of news: The dollar is now front and center as we look for BTC to launch another pass at $50,000.

https://learn.eqonex.com/news/daily-btc-analysis-202

[EQUOS]

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[EQUOS]

The other thing with slow news weeks (and slow sideways markets), is the need to dig for a story. We have discussed previously that on-chain activity is lacking upside momentum. Ideally, price rises should equate to increased engagement as Bitcoin spreads to the masses.



https://learn.eqonex.com/news/daily-btc-analysis-203

[EQUOS]

Bitcoin has fallen 7% on the day as the world's markets turned their attention to a potential debt crisis brewing in China. As we all know, debt crises are super easy to solve: You just print more money and they go away, as per the FED.

https://learn.eqonex.com/news/daily-btc-analysis-204