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Quality information is always free, this crypto analyst proves it!

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Now that Bitcoin has lost 84%  of its value, the crypto space has seen it all. From the crackdown of regulatory bodies of shady ICOs to large corporations like Fidelity starting their own cryptocurrency projects. During this bear market, we have seen some of the most promising projects go silent, we have also lost some of the biggest Youtube and twitter influencers.

Capitulation is the perfect word to describe the current market condition. Capitulation means to surrender or to give up. In financial circles, this term is used to indicate the point when investors give up on trying to recapture lost gains as a result of falling asset prices, and exit, selling at a loss.  This is what’s happening currently. An example is the daily decrease of Telegram followers in most of the projects’ Telegram groups. There has also been a dramatic decline in the volume of cryptocurrencies traded per day.

However, there are still those who understand the core fundamental values of blockchain and can see the potential that cryptocurrencies hold. They see the long term viability of this space and are here to hodl till the next bull run, but are also to out to capitalise from the daily and weekly movements in the market.

‘As long as there is volatility, there’s money to be made’, says Harsh Vardhan Roy, a technical analyst who has been doing T.A on Bitcoin and other ALT coins since early 2018. He runs his own telegram channel: “The Crypto Everything” @cryptoeverything where he posts his analysis and price chart on Bitcoin, as well as important fundamental news which has the power to move the markets. Coming from a Forex background, he sees a big opportunity in cryptocurrencies and shares this analysis at no charge.

Youtuber, Crypto Rich, also follows Harsh and regularly shares Harsh’s analysis with his 17000+ subscribers on his channel. Rich has said that he has been following Harsh’s technical analysis of Bitcoin for some time and marvels at how accurate and spot on Harsh has been, predicting moves before they happen through his reading of the charts.

There are many more analysts who are sharing their analysis via their social media platforms.  As well as quality analysis, it is important to have good Risk/Reward strategies, and proper money management to ensure mistakes of the last bull run are not repeated come the next bull run.

Despite the bear market, a considerable amount of investment has taken place, infrastructure is being built, and the foundations are being laid so that when the next bull run comes, those that have hodled, held and prepared will be well set for momentous returns.

For more details, join the Crypto Everything Telegram channel.

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Ethereum Price Outlook as the DXY Index Crash Continues

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Cryptocurrency prices remained in an upbeat tone on Thursday as the US dollar index continued its bearish move. Bitcoin, the biggest cryptocurrency in the world, rose to $23,165, the highest level in months. Similarly, Ethereum has risen by more than 4% in the past 24 hours while BNB Coin and XRP surged to $307 and $0.41, respectively. 

US dollar index retreats

Cryptocurrencies have an inverse relationship with the US dollar index. For example, the DXY, which looks at the performance of the greenback vs other currencies, soared to a 20-year high of $115 in 2022. As that happened, cryptocurrencies like Bitcoin plunged during the year.

The foundation of this relationship is the Federal Reserve. In most periods, the US dollar index tends to rise when the Fed is extremely hawkish and vice versa. And it was extremely hawkish in 2022 as it hiked interest rates by more than 400 basis points. 

Therefore, while the Fed has remained hawkish recently, the US dollar has dropped because of what the data is saying. Data published recently showed that America’s inflation is easing. The closely watched consumer price index dropped to 6.5% in December while core inflation fell to 5.7%. 

At the same time, other parts of the economy are showing that the American economy is indeed recoiling. Retail sales dropped sharply in December while many…

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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more. One of the ways to have a successful…

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Campden Wealth Partners with GDA Group to Enter Digital Asset Markets

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Blockchain conglomerate GDA Group joins as Campden Wealth’s newest Corporate Partner for 2021. Based in Toronto, GDA group provides access to all verticals of the crypto capital markets to institutions and private investors. The two institutions once operated on different verticals, so the partnership indicates a new era of portfolio allocation and asset diversification. Digital assets, including bitcoin, are becoming a vital component of modern investment strategies. GDA Group provides multiple avenues for digital asset exposure, including trading services through their institutional trading desk Secure Digital Markets, including non-recourse lending up to $100M through GDA Lending, and private placements through their capital markets arm GDA Capital

“Institutions have spent a decade on the sidelines, evaluating the risks of this burgeoning sector. Now, in less than 6 months we have seen billions in institutional and private capital enter the space,”  says James Godfrey, FX and International Banking Advisor to GDA Group. “Our relationship with Campden will illustrate the maturation of this industry and where we are headed next. New stakeholders will need experience, resources and insights to navigate this new market and evaluate upcoming opportunities.”

 “The Campden Community is constantly balancing the needs of wealth creation for the future, with wealth preservation…

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