Get Smarter About Crypto

₿itcoin reached $42,376.

♢Ethereum reached $2,510.

What we will talk about today...

 💰🗽Trump vs. CBDCs: Keeping Your Money Free.

🚀📈 Bitcoin ETF Buzz: A $9.6 Billion Ride in 3 Days!

🤑🚀 Bitcoin's Exciting Ride: Holding Strong Above $42K.

Trump's Stand: Crypto Clash Unleashes Debate

Donald Trump is saying no to Central Bank Digital Currencies (CBDCs). At a rally in New Hampshire, the ex-President promised to protect people from a government-controlled CBDC, making sure they keep their money freedom.

💰 Why ETFs? O'Leary Keeps it Simple

💼 Crypto Friends Speak Up: Ramaswamy and DeSantis Join In

Big names like Vivek Ramaswamy and Ron DeSantis are jumping into the fight against CBDCs, making the digital finance debate even hotter.

🚫 Trump's Message: CBDCs Won't Control Us

Trump's message matches with Vivek Ramaswamy, a big crypto supporter who's now supporting Trump. They're worried that CBDCs could take away our financial freedom, and that's what they're talking about.

🗽 Freedom vs. Control: Talking About CBDCs

As the talk about CBDCs gets louder, it brings up big discussions about freedom and government messing with our money. Some folks are scared that CBDCs might let the government have too much control over our money. It's a big talk about keeping our money freedom.

💥 Hot Topic: CBDCs Shake Up Politics

Even though the government hasn't said yes to CBDCs officially, it's a big deal in U.S. politics. Important people like Florida Governor Ron DeSantis are getting into it. Samuel Armes of the Florida Blockchain Business Association says we need to talk about CBDCs and our rights.

🌐 Ramaswamy's Move: Crypto Legacy Lives On

Vivek Ramaswamy leaving the presidential race is changing things. Now, Trump is taking the lead, supporting crypto ideas. Trump's digital art ventures and support keep the crypto fans excited, shaping the story of the race.

🔐 Rules for Crypto: Fighting for Freedom

Some political folks, like Ramaswamy, want crypto rules that let us use our own wallets and make new things without too many rules. They're not happy with how SEC Chair Gary Gensler wants to make rules. It's a big fight between rules and the freedom to do new things.

📜 Future Revealed: Crypto's Role in America's Future

As the political fight keeps going, crypto and the election mix together. What happens next could really change how we use digital money and new tech in the U.S. Get ready for what comes next! 🌟

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Exciting Times for Bitcoin ETFs

The Bitcoin ETF frenzy! In just three days, the U.S. saw a whopping $9.6 billion in trades for the spot bitcoin exchange-traded fund (ETF). The excitement around these ETFs has been crazy, with lots of ups and downs making it a thrilling show.

💹 Tuesday's Trading Story: Some Calm, But Still Big Numbers

On the third day, things slowed down a bit. Trading was 37% lower than January 12, 2024, but still hit a strong $1.94 billion. Grayscale's GBTC took the lead, making the most trades and keeping the energy high.

📊 Top Players: GBTC and IBIT Leading the Pack

Grayscale's GBTC and Blackrock's IBIT stole the spotlight, leading the trading scene with $1.01 billion and $372.31 million, respectively. Other big players like Fidelity Wise Origin Bitcoin Fund (FBTC) and ARKB ETF also showed their strength. Together, these top four made up a huge 94.32% of the day's total trades.

📈 Incredible Numbers: Analyst Eric Balchunas Impressed

By noon, ETF expert Eric Balchunas from Bloomberg was amazed. He said the trade volume was as successful as the most popular ETF launch ever, BITO. The numbers were huge — an incredible $10 billion in just three days. Balchunas couldn't believe how crazy this volume was, comparing it to the total activity of the '23 Freshman Class.

🌐 Bitcoin's Ride: ETF Highs in a Twisty Market

While ETFs took the spotlight, Bitcoin itself had a bit of a ride, going down 1.2% on January 17, 2024. People stayed interested, and the ETFs' awesome performance added a new chapter to the crypto story.

🔮 What's Next: A Look at Bitcoin ETF Future

As the excitement continues and the numbers keep shining, the Bitcoin ETF story is just getting started. With this fantastic start, these ETFs are making the way for an exciting journey ahead. Keep an eye on those charts; the crypto adventure is happening! 🌟

Bitcoin's Rollercoaster: Riding Above $42,000 in Market Action

In the Bitcoin world, things are lively as Bitcoin stays steady above $42,000. It's been a bit of a dance, with Bitcoin moving between $42,425 and $42,597 on a Wednesday morning at 9:30 a.m. Eastern Time. Bitcoin's worth about $835 billion, and there have been trades worth $25.65 billion globally in the last day. It's keeping crypto fans engaged.

💹 Chart Talk: Hourly Moves of Coming Together

Look at Bitcoin's 1-hour chart, and you'll see things calming down a bit. Bitcoin seems to be taking a break, with prices not changing as much as before. There was a quick drop to around $42,056, maybe because of clearing stop-loss orders or a quick sell-off after the approval of spot bitcoin ETFs. But the market quickly bounced back.

📉 4-Hour Story: Understanding the Downtrend

Switch to the 4-hour chart, and you'll see a clear downward trend. Prices are going down, with strong selling during the downswings. The resistance is strong around $45,000. Right now, it feels a bit bearish, making going down the easier path this Wednesday.

📆 Daily Adventure: Moving Through Long-Term Waves

The daily chart shows the same downtrend as the 4-hour one. There's a solid support zone at $36,727, a point where prices have gone up before. Bitcoin's price is moving between this support and the $45,000 resistance. For long-term thinkers, looking for good times to join in near the bottom of this range might be smart.

📊 Indicator Chat: Mixed Signals in the Crypto Story

Bitcoin's indicators on January 17, 2024, tell a mostly neutral story. Things like RSI at 47, Stochastic at 17, and CCI at -61 show things are kind of neutral. But the momentum indicator at -1365 and the MACD level at 83 add a bit of a bearish feeling to this overall neutral story.

📈 Moving Averages Dance: Going Between Bulls and Bears

Bitcoin's moving averages do a bit of a dance. Short-term ones for 10, 20, and 30 days suggest a bit of a down feeling, while longer-term ones for 50, 100, and 200 days hint at a strong up feeling. The back and forth between short-term down and long-term up keeps things interesting.

🐂 Bullish Feel: Long-Term Positivity Amid Short-Term Doubts

Even with mixed signals and short-term doubts, the long-term feeling for BTC is positive. Holding up at important support levels and being positive with longer-term moving averages tell a story of a possible upward path. Long-term thinkers might see this as a good time to join in.

🐻 Bearish Tune: Short-Term Sounds of Downtrend

Short-term charts show a bit of a down feeling, with lower highs, lower lows, and bearish indicators. The market might keep moving down. Short-term traders could find chances to benefit from pullbacks and resistance levels.

🎢 The Bitcoin Ride Continues: Get Ready for the Adventure!

As Bitcoin moves through the $42,000 zone, the market keeps going. Whether you're thinking up or down, the Bitcoin adventure has surprises. Hold on; the crypto rollercoaster is moving! 🌌

CAN YOU PREDICT THE PRICE?

HOW DID WE DO? 🤷

Stay tuned for more twists and turns in the crypto world & Happy Investing🚀💎