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Bitcoin has delivered 99.996% deflation against the U.S. dollar over past decade The debate over Bitcoin as an inflation hedge has existed since tokens were created following a major recession in 2009. Source ↪️https://t.me/Cryptocurrency_Inside

Tether Mints Three Billion USDT in Past Two Weeks Tether has minted more than three billion USDT in the past two weeks, most recently minting one billion on the TRON blockchain on Dec 4. Source ↪️https://t.me/Cryptocurrency_Inside

Happy Birthday, Dogecoin: How This 8-Year Old Joke Grew Up To Become A $22B Asset Dogecoin (DOGE), the world’s first dog-themed cryptocurrency and perhaps also the first major meme coin, was introduced to the world on Dec. 6, 2013. It was created by software engineers Billy Markus and Jackson Palmer as a joke and a statement against the speculative nature of cryptocurrencies. Source ↪️https://t.me/Cryptocurrency_Inside

​Bitcoin vs. Gold: El Salvador Could’ve Made Millions More Switching Reserves From Gold to Bitcoin The president of El Salvador, Nayib Bukele, has revealed that his country holds 44,106 oz. of gold in its reserves that has lost some value over the past year. He told gold bug Peter Schiff that if El Salvador had sold its gold and bought bitcoin last year, it would now be worth $125 million more. Source ↪️https://t.me/Cryptocurrency_Inside

Why Bitcoin Crashed There are many reasons Bitcoin crashed. One of the dominoes that led to the massive sell off was the Omicron Covid variant. This led to huge sell offs in stocks, metals, and crypto as investors were weary of this new variant. This was what started the Bitcoin sell off. The next factor was the Federal Reserve's response to inflation. One of the main reasons people hold Bitcoin is as a hedge against inflation. When inflation fears are up, Bitcoin should also go up. The Federal Reserve's response to inflation caused investors to not be as worry about inflation which caused some to sell off some Bitcoin. These two factors are what caused the initial Bitcoin sell off, but they are not what caused the market to crash Continue reading ↪️https://t.me/Cryptocurrency_Inside

After the Dump: Crypto Markets Recover $300 Billion, Bitcoin Eyes $50K After yesterday’s massive crash, bitcoin bounced off and added nearly $8,000. Most altcoins are also well in the green now, with Ethereum reclaiming $4,200 and Terra surging to yet another all-time high. Source ↪️https://t.me/Cryptocurrency_Inside

FTX to Seek $1.5B in New Funding Round at $32B Valuation FTX CEO Sam Bankman-Fried is looking to raise a total of $1.5 billion for the global cryptocurrency derivatives exchange and U.S. affiliate, FTX.US, The Information reported Friday, citing two unnamed sources “with knowledge of the matter.” Source ↪️https://t.me/Cryptocurrency_Inside

⁠FTX releases crypto regulation proposals before US congressional hearing The “FTX’ s Key Principles for Market Regulation” blog consists of a 10-points proposal aiming to help U.S. regulators build a crypto-centric regulatory framework. Source ↪️https://t.me/Cryptocurrency_Inside

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SHIB Community Burned About 2 Billion SHIB in November According to shibburn, the SHIB community, dubbed the "SHIB Army," burned about two billion SHIB in November. A total of 410,298,489,440,804 of the one quadrillion initial supply has been burned. Tokens that are burned are permanently removed from circulation. Source ↪️https://t.me/Cryptocurrency_Inside

NEW: CEO of Korea’s stock exchange says that it's time to embrace crypto stating institutions will embrace it “Since virtual assets have become ‘major’ investment assets, it is time to prepare an institutional framework.” -Sohn Byung-doo, CEO of Korea’s Stock Exchange Source ↪️https://t.me/Cryptocurrency_Inside

Bank of America Sees Massive Opportunity in Metaverse for Entire Crypto Ecosystem Bank of America’s strategist says that the metaverse is a massive opportunity where cryptocurrencies will be widely used as currencies. “I definitely believe this is a massive, massive opportunity,” he said. Source ↪️https://t.me/Cryptocurrency_Inside

🗞️ ​Almost 70% of SHIB holders are in profit despite recent volatility Even with the market's retracement in November, almost 70% of Shiba Inu token holders have maintained positive returns on their holdings. Source ↪️https://t.me/Cryptocurrency_Inside

Despite missed prediction, ‘Plan B’ sticks to Bitcoin target of $100,000 Plan B appears to be unperturbed by his missed November Bitcoin’s price prediction as he insisted that the asset would finish the year at $100k. Source ↪️https://t.me/Cryptocurrency_Inside

Ethereum Supply On Exchanges Reaches New Low Of 14% According to a CryptoQuant analyst, the ETH supply has been declining since a while. This has reached a new low of 14%. The “percentage supply on exchanges” is an indicator that shows the share of the total Ethereum supply stored in wallets of all exchanges. Usually, this supply present on exchanges is said to be the selling supply of ETH, and so if the indicator’s value goes up, it means there is a higher number of coins in the available sell supply. ↪️https://t.me/Cryptocurrency_Inside

BTC update: BTC looks good here. Lets divide this chart into two parts to analyze it better. Bullish: 1. BTC broke out of the trendline and currently at the retest phase. 2. The moving averages (21 & 50) showing a bullish crossover. 3. The daily close was above $57k which is good. Bearish: 1. BTC has a strong resistance (200 MA) at $59k to $60k level and BTC is trying hard to break above this level for the last 24 hours. 2. The USDT dominance is at the support which is harmful for BTC and the altcoins cause if the USDT dominance bounce from the support then these two will fall bad. Overall, BTC looks good and it must reach the $60k level soon. Once BTC gets through the $60k level then we can possibly see BTC at $63k to $65k level. BTC must not break below the upper trendline ($56k). We are long on BTC keeping in mind the odds. Stay tuned for more updates. ↪️https://t.me/Cryptocurrency_Inside

US stocks SINK as Fed Reserve warns threat of “persistently higher inflation” has grown - thanks to Omicron Federal Reserve chairman Jerome Powell warned the Senate Banking Committee that inflation problems exacerbated by the Omicron variant could plague the US economy well into next year. His comments notably deviated from his usual assessment that high inflation - already at a 31-year high - is transitory, sending the Dow Jones plunging 1.4%. European markets and Tokyo’s Nikkei also dropped 1.5-1.6% after Moderna CEO Stephane Bancel saying existing vaccines would be less effective against Omicron than against Delta variants. ↪️https://t.me/Cryptocurrency_Inside

BTC update: BTC got rejected exactly from the resistance level we drew in our previous chart. Currently, it is back to the $56300 support level where we also have the 21 MA. We can expect a bounce incoming from here. If not then a breakdown towards $53400 support level is possible. ↪️https://t.me/Cryptocurrency_Inside

🗞️ ​Cardano Developers Introduce New Upgrade As Network Moves Into Next Phase of Roadmap The technology company responsible for building Cardano is upgrading the network as it pushes for the next phase of the blockchain's development. Source ↪️https://t.me/Cryptocurrency_Inside

Twitter CEO Jack Dorsey is expected to step down, sources say Source ↪️https://t.me/Cryptocurrency_Inside