Weekly Crypto Market Overview
Hey Noozzle family, we hope everyone is having a nice Sunday 🤗
We’re happy to share a few highlights about what happened this week in crypto 😎🎉
The S&P has headed into a bear market according to Robert Sluymer, a managing director and technical strategist at Fundstrat Global Advisors. This has been a stealthy move into the red as there is a predicted 3–5% drop in the near term.
https://www.ccn.com/stock-market-flips-bearish-analyst-reveals-how-to-buy-the-sp-500-dip
🤯In a series of scintillating tweets this week, John Mcafee has claimed to know the identity of Satoshi Nakamoto. Paraphrasing, Mcafee stated that there has been too much time and energy wasted trying to find out who it is, and that it is time to come to an end. In a later tweet, Mcafee stated that the white paper was written by one man, although there was a team involved in the creation, and that they/ he lives in the United States. He stated he will continue to release clues around the identity until they choose to reveal themselves, or that he will do so if they do not. 🤔
https://www.ccn.com/john-mcafee-satoshi-nakmoto-identity-countdown-bitcoin
🤪🤗In a couple of related stories, the notorious Craig Wright continues to amuse as new developments emerge in his lawsuit against a number of defendants. Wright produced an email that was alleged to back up his claim to being Satoshi Nakamoto, although he recently rescinded the email after the time stamp on a transaction he included showed to be doctored. This news comes in the wake of recent revelations that Wright’s associated token BitcoinSV has been removed from a few exchanges in the wake of public backlash.🤡🤠
https://www.ccn.com/craig-wright-kleiman-lawsuit
🤔In some relatively positive news, it has been predicted that we are at the accumulation phase of the market cycle, as many leading cryptos continue to coil and gain slow but steady momentum back into the green while turning resistance into support. The same article claims we will not officially be in a bull market until BTC eclipses the $6500 mark. 🤫
In a recent survey by Gold IRA Guide, only 3% of American retirees hold any Bitcoin, and an astounding 33% have no idea what it is. This comes in light of a similar study done in Russia recently, with only 2% of Russian retirees holding any Bitcoin. Around 4.5% said they were watching the news and price developments, but were hesitant to enter the market, many not knowing where to start.
Did we miss any MUST SEE articles this week? Let us know what you think in our main telegram chanel. Have a great week Noozzlers!
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