Well, I couldn't start today's report before listening to the great debate: Bitcoin vs Gold, Scaramucci vs Schiff, just in case Peter changed my mind and had me selling my sats for trinkets.

Bitcoin touched the trend-line support today, and with ETH breaking below its respective level, the market is entering a critical 24 hours of price discovery.

Investors, now addicted to the support from the Fed, continued to sell risk assets as the Fed minutes hinted at possibly reducing their bond purchase program, which would then allow rates to rise further.

Bitcoin is flat on the day, with prices sitting on the 200 day moving average once again. The upward trend line rests around our key $44,000 level, which is setting us up for the moment of truth: either a bear market bounce, or the start of something even more beautiful.

In my last briefing, I mentioned that things felt supported across traditional markets. As a sober reminder that things can change quickly, investors turned risk-off yesterday.

Bitcoin's rally on Friday took us to the next resistance level of $47,500. We have seen some profit-taking, which, given the recent $29,000 print, is to be expected and can hardly be deemed irrational.

The reason I always look at macro markets, besides the fact that they’re fascinating, is because they do have an impact on investor morale.

All eyes in the crypto space have been on American legislators recently, as a provision in the U.S. Senate’s infrastructure bill could have disastrous consequences for cryptocurrency tax rules—and the future development of crypto in the United States.

Traditional markets finished last week on a risk-on note. Investors were bolstered by reassuring inflation data and ignored the jobs data, which declined but was broadly in line with expectations.

Over the weekend, Alchemy Pay, a crypto payment firm, announced that it would be launching virtual crypto-linked cards that would accept more than 40 cryptocurrencies. The cards will work across MasterCard and Visa networks.

Yesterday, traditional markets were mainly moved by inflation data coming out. Numbers are better than expected and hint at a pause in the incessant ramp-up we’ve observed recently.

Bitcoin slid 3.5% lower again today, as the failure of the bulls to push for $47,000 has left market taking a breath from what has been a breathtaking rally from $29,000.

Bitcoin has failed to hold early gains, with the market falling 2.5% on the day. We are back on the 200d moving average line at $45,046. As the week has progressed, we have witnessed an increase in activity across derivatives. Generally, this is supportive of a trend, as opposed to signaling the end of the move.

Yesterday, the focus was on the almost $1 trillion infrastructure bill that was voted forward by the Senate and onto the House of Representatives.

Bitcoin hodlers are feeling smug today, not just because of the continued rally, but also because it was gold’s turn to take a bath.

Most equity indexes pulled back from record highs yesterday. But it sounds more dramatic than it is.

Cryptocurrencies are speculative assets as well as a store of value. For cryptocurrency users, this means that there are now plenty of ways to generate returns from your cryptocurrency holdings. Here are six we’ve picked out.

Narratives can change pretty quickly. Earlier last week, concerns about the economy or the delta variant pushed equity indexes down. On Friday, though, those same indexes reached record highs on better-than-expected jobs data.

Over the weekend, PayPal reported it is in the process of recruiting a cryptocurrency team for its Ireland offices, highlighting the company’s ambitions in the rapidly growing digital asset market. Earlier this year, PayPal launched a dedicated crypto and blockchain business unit.

If you hodled through at $29,000, today’s Bitcoin rally is probably the first time you have allowed yourself to think the worst is over.

Investors are oscillating between optimism and pessimism regarding earnings, the economy, the virus, and, in the near term, jobs data due today in the US.

Until the US releases jobs data, due to come on Thursday, most investors are staying in wait-and-see mode.

The pendulum that is investors’ minds swung back yesterday.

Today’s chatter has been around two things: 1. Did the SEC’s Gensler just drop the largest hint yet that a Bitcoin ETF is coming? 2. Moving averages.

According to the latest CDC data, the U.S. had averaged more than 63,000 new Covid cases a day over the last seven days—the highest level since April this year.

Bitcoin has traded soft again today. With upside momentum waning, prices have returned to retest support levels. Exchange-based data has supported this move back to the top of the trading range.

How to read candlestick patterns, which are a valuable tool for traders and provide rich insights into market trends that can help to forecast future movements and inform trading decisions.

Over the weekend, an insider within Amazon said that they are planning to begin accepting Bitcoin (BTC) payments by the end of 2021. The source also mentioned that Amazon plans on adding other existing cryptocurrencies in the future, as well as creating its own cryptocurrency in 2022.

Last night, during Sunday trading, most equity indexes rose, including the Dow, the Nasdaq, and the S&P.

Post the options expiry on Friday, Bitcoin rallied into the close to set up a test of resistance at $42,200 over the weekend. Prices failed to break higher, and today we have seen a rotation back down to support at $39,000.

Thanks to yesterday's $4 rally, we made it to 9 consecutive up days in a row. Unfortunately, it appears this run is coming to an end: Barring a quick $1,000 rally, the Bitcoin bulls will have to be happy with the progress that has been made over the last week. The 20% plus rally arrived just as BTC was staring over the edge of a $30,000 cliff.

What is the future of exchange tokens for crypto exchanges? Can DeFI exchanges be a threat to centralized exchanges? What challenges are banks facing when entering the crypto space? Watch EQONEX CEO Richard Byworth and PwC Crypto Leader Henri Arslanian on the Future of Money Podcast.

Bitcoin is still aiming to set a new record for the most consecutive up days in a row. We have had 8 up days in a row, the most since 2015 (the record is 10, set back in 2013). Prices will need to close above $40,035 to register day 9.

While today is a day of celebration, we’d also like to take the opportunity to reflect on some of our successes over the last year.

Yesterday's trading was mixed. Early in the session, even with reports of economic slowdown in the US, traders were still buying, maybe thinking it solidified the accommodative Fed policies.

Yesterday’s narrative was somewhat bittersweet. On the one hand, Fed policies remain hyper accommodating, which is positive. On the other hand, the accommodating stance is based on lingering concerns about the economic recovery in the US (and also globally).

Bitcoin has fallen back below $40,000 today, as the denial from Amazon of the impending acceptance of Bitcoin as a payment method came through. Prices returned to our support level of $36,500 before rallying once more, a sign that this move may be supported by more than just click-bait headlines.

Even with positive earnings (earnings that were pretty much priced in), equity indexes edged down yesterday.

Solidity is one of the most well-used blockchain programming languages, powering the vast majority of the Ethereum ecosystem of applications and tokens.

The rally started with the 'B-word,' has been spurred on by the 'A-word,' and if we're going backwards through the alphabet, I expect the 'Z-word' to return and mute the calls for a reignition of the bull market.