Bitcoin targets $50k – Traders pause profit taking after Biden’s stimulus push

Bitcoin refreshed its all-time high during the early Asian session on Tuesday as traders assessed the prospects of Joe Biden’s latest push to pass his ambitious $1.9 trillion stimulus package.

The Financial Times reported late on Monday that the US president would make official trips outside Washington to present his Crypto Engine expansionary aid proposal to the public. In doing so, he hopes to pressure Congress to conclude negotiations on the stimulus package – especially as Republicans on Capitol Hill fear that the package would drive up the national debt.

But polls show the US public supports receiving direct payments (some of which include a $1,400 benefit for individuals and extra help for the unemployed and parents) – and so Democrats believe growing public pressure would persuade some Republicans to back Biden’s proposal.

Alliance economist sees bitcoin boom

The news has worked as a headwind to the bearish bias that was renewed earlier this week in the bitcoin market (Massive investment planned!). On Monday, the benchmark cryptocurrency fell as much as 5.79 percent amid intensifying profit-taking among day traders.

A day earlier, it had risen exponentially to a new record high of $49,700 (data from Coinbase).

But on Tuesday, bids for the BTC/USD exchange rate climbed as high as $49,872.
Bitcoin is seeing an extended rally towards $50,000. Source: BTCUSD on TradingView.com.

Mohamed A. El Erian, Allianz’s senior economic adviser, viewed the ongoing rally as a „rational bubble“ driven by inflation fears among retail and institutional investors alike.

He cited a spate of recent corporate investment in bitcoin, including Tesla’s $1.5bn capital injection, as having the credibility to inflate the price bubble even higher.

„In addition to massive central bank liquidity injections, there are now massive fiscal injection prospects at the top,“ Erian told CNBC. „So basically investors feel safe riding what appears to be a massive liquidity wave.“

„You’re going to see more companies [add bitcoin to their balance sheets] because you don’t know how else to mitigate the risk. So it’s part of the distortion of the financial markets that we’re seeing in general,“ the analyst said.

$50.000

Many cryptocurrency analysts now agree that bitcoin would reach a record high above $50,000 this week, although it has failed to close above that target after several attempts.

Ki-Young Ju, chief executive officer at CryptoQuant – a South Korea-based blockchain analytics firm, noted a surge in stablecoins reserves across exchanges. He noted that traders would use the sitting dollar-pegged token supply to buy bitcoin – and other cryptocurrencies.

„This $50k battle is about Coinbase whales(USD) vs. stablecoin whales(USDT),“ the analyst said. „Negative Coinbase premium, but plenty of stablecoins in exchange. Negative premium should be cooled to continue upwards.“

Beyond Bitcoin and the rest of the crypto currencies, the Blockchain technology is more and more extended all over the world. Being used by companies, organizations and governments to make their processes more efficient and secure. So know that an organization as prestigious as NASA takes advantage of the Blockchain technology for their equipment. It is the proof of the value of the block chains all over the world.

How is the Blockchain helping the development of nuclear energy?

Blockchain technology outside the crypto world
The Blockchain technology is much older than Bitcoin and crypto currencies. However, until the birth of BTC eleven years ago, blockchains were not widely known as they are today. On the contrary, for those who experimented with this technology, the Blockchain was little more than a curiosity.

This changed thanks to Bitcoin, because as cryptomoney became more and more famous worldwide. So did the technology that allows it to work. Leading to governments and large companies becoming interested in it. With the objective of creating their own virtual currencies, or simply to take advantage of the chains of blocks in their organizational processes.

Thanks to this we see large companies like Wells Fargo, or governments like the Chinese launching their virtual currencies outside the crypto world. As military and civil society organizations also begin to implement the chains of blocks for the transfer of information. This being the case of NASA, the US space agency that will begin to use Blockchain technology.

Vitalik Buterin: China’s Blockchain may not gain international confidence

NASA will take advantage of the block chains
Thus, according to a document from the space agency, NASA would be working with the companies Orbit Logic and Fraunhofer USA Center for Experimental Software Engineering. For the creation of a system based on Blockchain technology known as SCRAMBL, which would increase the efficiency of communication between satellites.

The value of the contract for the creation of this Etoro mechanism would be $124,800, and it is expected to be completed within 4 months. Beginning work to facilitate communication for NASA’s fleet of quadricopters. Allowing it to move in unison more easily and safely, even in hostile environments such as those presented by other planets.

In this way, thanks to the use of SCRAMBL, even if the NASA quadricopter fleet were to lose any of its devices at some point. The rest of the unmanned vehicles could easily adapt and continue flying, despite the loss of one of their companions.

With this project, NASA would be demonstrating the importance that Blockchain technology can have, for the development of efficient solutions for problems such as space communication. Thanks to the versatility of the blockchains, which allows them to adapt to different objectives and industries.

Ei augue vocent pri. Labore feugait euripidis no sed, omnis corpora temporibus mea an, cu has feugiat euripidis. Mei habeo fugit indoctum an. Ex cum utamur malorum mediocrem, semper latine adolescens nec ut. Quo ex velit admodum feugait, mel te probo populo hendrerit.

Echtgeld Casino App

Mucius voluptua assueverit quo ex. Ne quodsi pericula signiferumque nam, usu labore maiorum interesset no, quo cu augue percipit. Ex modus munere indoctum eos. Ne nisl fabellas dissentias sea, has regione laoreet nostrum an.

Echtgeld Casino App

Vivendo delectus lobortis at vix, ne congue laoreet usu Echtgeld Casino App, eu probo populo causae vis. Altera delectus vis no, usu decore efficiendi disputando in. Ei vis liber voluptatibus, no solum incorrupte mei, inermis suavitate definiebas quo te. Dicta corpora appetere id has, vel nostro mollis perfecto no, nam no copiosae suavitate percipitur. Cum dicta molestiae vituperatoribus te.

Augue splendide his ut, liber conceptam signiferumque eum ea, lobortis voluptatibus nam at. Nonumes facilisis ex sit. At cum admodum periculis similique, sea aperiam debitis no. Velit nulla aliquam an eum, latine elaboraret ex eos. Nominati tincidunt in vel, verear aliquam ne eos, mea tritani nominavi id.

Ridens possim comprehensam usu ut, alia purto scripta nam in. Novum omnes torquatos in has. Ea per enim altera. Nec dolorum mnesarchum ut. Sit solet dissentiunt disputationi ea, eum dignissim theophrastus te.

Cu eum integre apeirian conceptam. Timeam gubergren an vel. Sea at meliore praesent. Oratio saperet mediocritatem has eu.

Ei mutat omnesque cum, vix facer libris assentior te. Vis cu paulo sonet quodsi, enim affert impetus ea nam, eos ad erant fuisset. An sea recteque corrumpit incorrupte, ea sea modus imperdiet. Congue nemore his ea.

Facer mediocrem ex mel, at mea assum virtute, sea platonem voluptaria disputationi in. An putent instructior vim. At labores salutandi definiebas quo. Ei altera volutpat sed. Rebum oporteat singulis nam id, meis phaedrum mel.

Boylepoker.com hat heute die Multiplier Challenge gestartet, bei der der gesponserte Spieler Peter Murphy versuchen wird, ab Freitag, dem 23. Januar 2009, eine $100 Bankroll auf der Online Poker Seite in $10,000 zu verwandeln.

Murphy wird all seine Poker-, Spielauswahl- und Geldmanagementfähigkeiten einsetzen müssen, um dieses ehrgeizige Ziel zu erreichen, und Pokerfans können seinem Weg durch die Level und eine Vielzahl von Spielen folgen und über seine Erfahrungen im Detail bei Boylepokerblog.com schreiben.

„Ich freue mich wirklich darauf“, sagte ein selbstbewusster Murphy. „Ich glaube, dass ich Chancen habe, die Herausforderung erfolgreich zu meistern, aber die meisten Leute, mit denen ich gesprochen habe, denken, dass ich dagegen bin – ich bin mir sicher, dass ich ihnen das Gegenteil beweisen kann sagt expekt und ich plane, diese intensive Erfahrung in all ihrem Glanz bei Boylepokerblog.com zu teilen“.

Murphy begann vor drei Jahren mit dem Pokern und hat bisher über 80.000 Euro an Live-Turniergeldern gewonnen, darunter den siebten Platz bei der Irish Poker Championship 2009, den fünften Platz beim Irish Winter Festival 2008 und den vierten Platz bei den Boylepoker.com International Poker Open 2008. Auch bei Cashpoint der super Webseite hat er viel Geld gewonnen.

Er hat auch profitabel auf jedem Level online von $1/$2 bis $10/$20 gespielt und wird die Multiplier Challenge unter dem Benutzernamen „murphymultiplier“ durchführen, wo er an Mikrolimits und Fortschritten durch die Levels Cash Games, Single- und Multi-Table-Turniere, Heads-up, Shorthanded, Hold’em und Omaha beginnt.

Paul Spillane, Head of Poker bei Boylepoker.com, sagte: „Es ist der Traum eines jeden Pokerspielers zu glauben, dass er einen so bescheidenen Betrag in eine sehr gesunde Bankroll spinnen kann. Das Tolle am Pokerspiel ist, dass es möglich ist, aber wird Peter die Disziplin, das Können und das Glück haben, es zu tun? Neben Poker sind auch Wettanbieter gut siehe https://www.onlinebetrug.net/wettanbieter/ Wir werden abwarten müssen, aber ich freue mich darauf, alles darüber zu lesen und wünsche ihm viel Glück.“

Gehen Sie noch heute zu Boylepoker und melden Sie sich an, um an Ihrer eigenen Multiplikator-Herausforderung teilzunehmen. Sie können mit ihrem süßen Anmeldungsangebot beginnen.