{"id":146035,"date":"2021-01-02T22:02:29","date_gmt":"2021-01-02T19:02:29","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/btc-cracks-30k-supply-squeeze-worsens-xrp-implodes-hodlers-digest-dec-27-jan-2\/"},"modified":"2021-01-02T22:02:29","modified_gmt":"2021-01-02T19:02:29","slug":"btc-cracks-30k-supply-squeeze-worsens-xrp-implodes-hodlers-digest-dec-27-jan-2","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/btc-cracks-30k-supply-squeeze-worsens-xrp-implodes-hodlers-digest-dec-27-jan-2\/","title":{"rendered":"#BTC cracks $30K, supply squeeze worsens, XRP implodes: Hodler\u2019s Digest, Dec. 27\u2013Jan. 2"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a4086f7e7fa3\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a4086f7e7fa3\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/btc-cracks-30k-supply-squeeze-worsens-xrp-implodes-hodlers-digest-dec-27-jan-2\/#Top_Stories_This_Week\" >Top Stories This Week<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/btc-cracks-30k-supply-squeeze-worsens-xrp-implodes-hodlers-digest-dec-27-jan-2\/#Bitcoin_price_quickly_climbs_to_31000_liquidating_100_million_of_shorts\" >Bitcoin price quickly climbs to $31,000, liquidating $100 million of shorts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/btc-cracks-30k-supply-squeeze-worsens-xrp-implodes-hodlers-digest-dec-27-jan-2\/#Supply_squeeze_heats_up_as_Grayscale_buys_nearly_3x_the_Bitcoin_mined_in_December\" >Supply squeeze heats up as Grayscale buys nearly 3x the Bitcoin mined in December<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/btc-cracks-30k-supply-squeeze-worsens-xrp-implodes-hodlers-digest-dec-27-jan-2\/#US_exchanges_are_suspending_or_delisting_XRP_left_and_right\" >U.S. exchanges are suspending or delisting XRP left and right<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/btc-cracks-30k-supply-squeeze-worsens-xrp-implodes-hodlers-digest-dec-27-jan-2\/#XRP_the_third_largest_collapse_of_all_time_says_The_TIEs_Josh_Frank\" >XRP the third largest collapse of all time, says The TIEs Josh Frank<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/buradabiliyorum.com\/en\/btc-cracks-30k-supply-squeeze-worsens-xrp-implodes-hodlers-digest-dec-27-jan-2\/#NY_Times_report_alleges_history_of_pay_discrimination_at_Coinbase\" >NY Times report alleges history of pay discrimination at Coinbase<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/buradabiliyorum.com\/en\/btc-cracks-30k-supply-squeeze-worsens-xrp-implodes-hodlers-digest-dec-27-jan-2\/#Winners_and_Losers\" >Winners and Losers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/buradabiliyorum.com\/en\/btc-cracks-30k-supply-squeeze-worsens-xrp-implodes-hodlers-digest-dec-27-jan-2\/#Prediction_of_the_Week\" >Prediction of the Week<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/buradabiliyorum.com\/en\/btc-cracks-30k-supply-squeeze-worsens-xrp-implodes-hodlers-digest-dec-27-jan-2\/#Bullish_year_ahead_Bitcoin_primed_for_Q1_2021_gains_strength_index_says\" >Bullish year ahead  Bitcoin primed for Q1 2021 gains, strength index says<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/buradabiliyorum.com\/en\/btc-cracks-30k-supply-squeeze-worsens-xrp-implodes-hodlers-digest-dec-27-jan-2\/#FUD_of_the_Week\" >FUD of the Week<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/buradabiliyorum.com\/en\/btc-cracks-30k-supply-squeeze-worsens-xrp-implodes-hodlers-digest-dec-27-jan-2\/#Congresspeople_chastise_the_Treasury_for_rushing_new_crypto_monitoring_proposal\" >Congresspeople chastise the Treasury for rushing new crypto monitoring proposal<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/buradabiliyorum.com\/en\/btc-cracks-30k-supply-squeeze-worsens-xrp-implodes-hodlers-digest-dec-27-jan-2\/#Cover_Protocol_announces_compensation_plan_following_mining_contract_attack\" >Cover Protocol announces compensation plan following mining contract attack<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/buradabiliyorum.com\/en\/btc-cracks-30k-supply-squeeze-worsens-xrp-implodes-hodlers-digest-dec-27-jan-2\/#Best_Cointelegraph_Features\" >Best Cointelegraph Features<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/buradabiliyorum.com\/en\/btc-cracks-30k-supply-squeeze-worsens-xrp-implodes-hodlers-digest-dec-27-jan-2\/#Crypto_transactions_must_be_easier_Thats_it_Thats_the_headline\" >Crypto transactions must be easier. Thats it. Thats the headline<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/buradabiliyorum.com\/en\/btc-cracks-30k-supply-squeeze-worsens-xrp-implodes-hodlers-digest-dec-27-jan-2\/#The_US_has_lost_the_2020_crypto_regulation_race_to_Europe\" >The U.S. has lost the 2020 crypto regulation race to Europe<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/buradabiliyorum.com\/en\/btc-cracks-30k-supply-squeeze-worsens-xrp-implodes-hodlers-digest-dec-27-jan-2\/#XRP_price_faces_a_rocky_road_to_recovery_ahead_of_SECs_Ripple_lawsuit\" >XRP price faces a rocky road to recovery ahead of SECs Ripple lawsuit<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#BTC cracks $30K, supply squeeze worsens, XRP implodes: Hodler\u2019s Digest, Dec. 27\u2013Jan. 2<\/strong>&#8221;<\/p>\n<p style=\"float:right;margin:0 0 10px 15px;width:240px\"><img decoding=\"async\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/01\/27-2-jan.jpg\" class=\"type:primaryImage\"><\/p>\n<pre><code>                The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more \u2014 one week on Cointelegraph in one link!\n                &lt;p style=\"text-align: center\"&gt;&lt;b&gt;&lt;i&gt;Coming every Saturday, &lt;\/i&gt;&lt;\/b&gt;&lt;b&gt;&lt;i&gt;Hodlers Digest&lt;\/i&gt;&lt;\/b&gt;&lt;b&gt;&lt;i&gt; will help you track every single important <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> story that h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more  a week on Cointelegraph in one link.&lt;\/i&gt;&lt;\/b&gt;\n<\/code><\/pre>\n<p>\u00a0<\/p>\n<h2 style=\"text-align: center\"><span class=\"ez-toc-section\" id=\"Top_Stories_This_Week\"><\/span><b>Top Stories This Week<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h4><\/h4>\n<h4><b><img decoding=\"async\" loading=\"lazy\" class=\"alignnone wp-image-6567 size-large\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/01\/Digest_01-01_1-1024x682.png\" alt=\"\" width=\"1024\" height=\"682\" \/><\/b><\/h4>\n<h4><span class=\"ez-toc-section\" id=\"Bitcoin_price_quickly_climbs_to_31000_liquidating_100_million_of_shorts\"><\/span><b>Bitcoin price quickly climbs to $31,000, liquidating $100 million of shorts<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400\">As 2021 began, Bitcoin was teetering on the edge of <\/span><b>$30,000<\/b><span style=\"font-weight: 400\">  continually hitting new all-time highs in the process.<\/span><\/p>\n<p><span style=\"font-weight: 400\">There was drama at the start of the week after BTC <\/span><span style=\"font-weight: 400\">crashed by 6.5%<\/span><span style=\"font-weight: 400\"> in a matter of minutes, with a sell wall at <\/span><b>$28,400 <\/b><span style=\"font-weight: 400\">wiping thousands of dollars off its value.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Bitcoin still had plenty of fight left. As New Year neared, a high-volume surge helped the worlds biggest cryptocurrency <\/span><span style=\"font-weight: 400\">waltz past <\/span><b>$28,500 <\/b><span style=\"font-weight: 400\">and surpass <\/span><b>$29,000<\/b><span style=\"font-weight: 400\">.<\/span><\/p>\n<p><span style=\"font-weight: 400\">And on Jan. 2, BTC rapidly soared above <\/span><b>$31,000 <\/b><span style=\"font-weight: 400\"> liquidating a huge number of risky positions in the process and inflicting huge pain on traders betting on a bearish pullback.<\/span><\/p>\n<p><span style=\"font-weight: 400\">As Hodlers celebrated cracking this psychologically important milestone, figures suggested shorters on BitMEX alone lost $10 million.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In another milestone, Bitcoin <\/span><span style=\"font-weight: 400\">hit an all-time high against gold<\/span><span style=\"font-weight: 400\">  hitting 15.40 gold ounces and surpassing the previous peak from December 2017.<\/span><\/p>\n<p><span style=\"font-weight: 400\">BTCs newfound market cap above <\/span><b>$580 billion<\/b><span style=\"font-weight: 400\"> wasnt lost on crypto enthusiasts, either, who were quick to point out that its valuation now exceeds that of Warren Buffetts finance giant Berkshire Hathaway. <\/span><b>Buffett famously described Bitcoin as rat poison squared.<\/b><\/p>\n<p>\u00a0<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Supply_squeeze_heats_up_as_Grayscale_buys_nearly_3x_the_Bitcoin_mined_in_December\"><\/span><b>Supply squeeze heats up as Grayscale buys nearly 3x the Bitcoin mined in December<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400\">Grayscale rounded off 2020 with yet another extravagant Bitcoin purchase. <\/span><b>In December, the company snapped up 72,950 BTC  far more than the 28,112 BTC generated by miners.<\/b><\/p>\n<p><span style=\"font-weight: 400\">Overall, Grayscales total assets under management across its various crypto funds now stand at <\/span><b>$20 billion <\/b><span style=\"font-weight: 400\"> a stark contrast to the <\/span><b>$2 billion<\/b><span style=\"font-weight: 400\"> it controlled one year ago.<\/span><\/p>\n<p><span style=\"font-weight: 400\">All of this powerfully illustrates an ongoing liquidity squeeze in Bitcoin, where large buyers suck up any available supply and remove it from circulation.<\/span><\/p>\n<p><b>Data from Glassnode shows that Bitcoin is becoming much <\/b><b>more difficult to buy<\/b><b>  and the amount of BTC received and spent among entities is decreasing.<\/b><\/p>\n<p><span style=\"font-weight: 400\">Analysts say that <\/span><b>14.5 million BTC <\/b><span style=\"font-weight: 400\">is currently classified as illiquid, leaving just <\/span><b>4.2 million BTC <\/b><span style=\"font-weight: 400\">in constant circulation thats available for buying and selling.<\/span><\/p>\n<p>\u00a0<\/p>\n<h4><span class=\"ez-toc-section\" id=\"US_exchanges_are_suspending_or_delisting_XRP_left_and_right\"><\/span><b>U.S. exchanges are suspending or delisting XRP left and right<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400\">Things are going from bad to worse for Ripple. <\/span><b>Several major crypto exchanges  including Binance US, eToro, Coinbase and Bittrex  have halted XRP trading for their American customers.<\/b><\/p>\n<p><span style=\"font-weight: 400\">All of this comes after the U.S. Securities and Exchange Commission accused the blockchain firm of selling XRP tokens in violation of securities law. <\/span><b>Both sides will <\/b><b>come face to face<\/b><b> in a telephone pretrial conference on Feb. 22, 2021.<\/b><\/p>\n<p><span style=\"font-weight: 400\">Earlier this week, Ripple accused the SEC of attempting to bring down the entire cryptocurrency industry in the U.S. and said the company had been seeking regulatory clarity on digital assets for years to no avail.<\/span><\/p>\n<p><b>In a defiant statement, it wrote: The public and press have only heard the story from the SECs side, and well be filing our response in a few weeks to address these unproven allegations against Ripple.<\/b><\/p>\n<p><span style=\"font-weight: 400\">All of this drama has caused XRP to lose more than <\/span><b>60% <\/b><span style=\"font-weight: 400\">of its value over the past two weeks.<\/span><\/p>\n<p>\u00a0<\/p>\n<h4><span class=\"ez-toc-section\" id=\"XRP_the_third_largest_collapse_of_all_time_says_The_TIEs_Josh_Frank\"><\/span><b>XRP the third largest collapse of all time, says The TIEs Josh Frank<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400\">Its been a spectacular fall from grace for XRP since its market cap hit an all-time high of <\/span><b>$137 billion<\/b><span style=\"font-weight: 400\"> in 2018. <\/span><b>According to The TIE, the current turmoil has helped the altcoins valuation fall by 93% since then  dipping under $10 billion.<\/b><\/p>\n<p><span style=\"font-weight: 400\">The TIEs CEO, Joshua Frank, said this spectacular descent effectively makes it the third-largest collapse of all time bigger than Enron and WorldCom, and not far behind the likes of Lehman Brothers and Washington Mutual.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Frank told Cointelegraph that it was sad and unfortunate for individual investors who have lost unimaginable amounts of money, adding:<\/span><\/p>\n<p><b>The founders of Ripple continued to dump their tokens for years and made hundreds of millions of dollars.<\/b><\/p>\n<p><span style=\"font-weight: 400\">In the near term, XRP faces three key historical support levels at <\/span><b>$0.224<\/b><span style=\"font-weight: 400\">, <\/span><b>$0.1743 <\/b><span style=\"font-weight: 400\">and <\/span><b>$0.1471<\/b><span style=\"font-weight: 400\">.<\/span><\/p>\n<p>\u00a0<\/p>\n<h4><span class=\"ez-toc-section\" id=\"NY_Times_report_alleges_history_of_pay_discrimination_at_Coinbase\"><\/span><b>NY Times report alleges history of pay discrimination at Coinbase<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400\">A report from the New York Times<\/span> <span style=\"font-weight: 400\">has alleged that Coinbase paid salaried Black employees approximately <\/span><b>7% <\/b><span style=\"font-weight: 400\">less than people in similar positions.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The claims are based on payroll data from 2017, and across the company, this averaged out to a difference of <\/span><b>$11,500<\/b><span style=\"font-weight: 400\">. When factoring in stock options, the gap in compensation was closer to <\/span><b>11%<\/b><span style=\"font-weight: 400\">.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Its also alleged that there was pay disparity by gender, with data suggesting that, on average, women at the exchange were paid 8% less than their male counterparts that year. <\/span><b>In monetary terms, thats $13,000.<\/b><\/p>\n<p><span style=\"font-weight: 400\">NYT reporter Nathaniel Popper wrote: <\/span><b>The pay disparities at Coinbase appear to be much larger than those in the tech industry as a whole, and at the few other tech companies that have had to release data.<\/b><\/p>\n<p><span style=\"font-weight: 400\">Coinbase chief people officer L. J. Brock was quick to respond to the allegations. He said that significant work has been undertaken to create a transparent and fair pay policy.<\/span><\/p>\n<p>\u00a0<\/p>\n<h2 style=\"text-align: center\"><span class=\"ez-toc-section\" id=\"Winners_and_Losers\"><\/span><b>Winners and Losers<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone wp-image-6569 size-large\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/01\/Winners-and-Losers-jan-27-2-01-1024x826.jpg\" alt=\"\" width=\"1024\" height=\"826\" \/><\/p>\n<p>\u00a0<\/p>\n<p><span style=\"font-weight: 400\">At the end of the week, Bitcoin is at <\/span><b>$31,289.06<\/b><span style=\"font-weight: 400\">, Ether at <\/span><b>$755.05 <\/b><span style=\"font-weight: 400\">and XRP at <\/span><b>$0.23<\/b><span style=\"font-weight: 400\">. The total market cap is at <\/span><b>$815,536,576,911<\/b><span style=\"font-weight: 400\">.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Among the biggest 100 cryptocurrencies, the top three altcoin gainers of the week are <\/span><b>Reserve Rights<\/b><span style=\"font-weight: 400\">, <\/span><b>Polkadot<\/b><span style=\"font-weight: 400\"> and <\/span><b>Dogecoin<\/b><span style=\"font-weight: 400\">. The top three altcoin losers of the week are <\/span><b>SwissBorg<\/b><span style=\"font-weight: 400\">, <\/span><b>XRP <\/b><span style=\"font-weight: 400\">and <\/span><b>Monero<\/b><span style=\"font-weight: 400\">.<\/span><\/p>\n<p><span style=\"font-weight: 400\">For more info on crypto prices, make sure to read <\/span><span style=\"font-weight: 400\">Cointelegraphs market analysis<\/span><span style=\"font-weight: 400\">.<\/span><\/p>\n<p>\u00a0<\/p>\n<h2 style=\"text-align: center\"><\/h2>\n<h2 style=\"text-align: center\"><span class=\"ez-toc-section\" id=\"Prediction_of_the_Week\"><\/span><b>Prediction of the Week<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\u00a0<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Bullish_year_ahead_Bitcoin_primed_for_Q1_2021_gains_strength_index_says\"><\/span><b>Bullish year ahead  Bitcoin primed for Q1 2021 gains, strength index says<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400\">Bitcoins monthly relative strength indicates that the worlds biggest cryptocurrency is primed for another rally.<\/span><\/p>\n<p><b>The RSI measures whether an asset is overbought or oversold. <\/b><span style=\"font-weight: 400\">When the RSI surpasses <\/span><b>75<\/b><span style=\"font-weight: 400\">, it signals the asset is overbought, and when it drops below <\/span><b>30<\/b><span style=\"font-weight: 400\">, it means the asset is oversold.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Crypto Capo, a pseudonymous trader, said Bitcoins monthly RSI was close to <\/span><b>80<\/b><span style=\"font-weight: 400\"> as December drew to a close. <\/span><b>Historically, a strong rally has followed.<\/b><\/p>\n<p><span style=\"font-weight: 400\">They wrote: <\/span><b>When this happens, bullish trend continues, with an avg. return of 1010.87%. Each cycle is shorter.<\/b><\/p>\n<p><span style=\"font-weight: 400\">Cointelegraph Markets analyst Michal van de Poppe is among those who have revised their Bitcoin forecasts for 2021. Proclaiming that a bullish year lies ahead, he revealed that he now expects BTC to be between <\/span><b>$65,000 <\/b><span style=\"font-weight: 400\">and <\/span><b>$85,000 <\/b><span style=\"font-weight: 400\">by December.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The options market is pricing in a <\/span><b>22%<\/b><span style=\"font-weight: 400\"> chance of Bitcoin achieving <\/span><b>$120,000 <\/b><span style=\"font-weight: 400\">by next year, but some cautious traders say the ideal scenario is to wait for BTC to consolidate at <\/span><b>$25,000<\/b><span style=\"font-weight: 400\"> or enter after the next price upsurge.<\/span><\/p>\n<p>\u00a0<\/p>\n<h2 style=\"text-align: center\"><span class=\"ez-toc-section\" id=\"FUD_of_the_Week\"><\/span><b>FUD of the Week<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h4><b><img decoding=\"async\" loading=\"lazy\" class=\"alignnone wp-image-6566 size-large\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/01\/Digest_01-01_2-1024x682.png\" alt=\"\" width=\"1024\" height=\"682\" \/><\/b><\/h4>\n<h4><span class=\"ez-toc-section\" id=\"Congresspeople_chastise_the_Treasury_for_rushing_new_crypto_monitoring_proposal\"><\/span><b>Congresspeople chastise the Treasury for rushing new crypto monitoring proposal<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400\">Nine congresspeople have written to Treasury Secretary Steven Mnuchin, telling him to hold his horses on proposals that would force registered crypto businesses to hold on to more customer information.<\/span><\/p>\n<p><b>The mooted measures have been met with widespread outrage from the crypto community. <\/b><span style=\"font-weight: 400\">Not only is Mnuchin pushing this rule out weeks before Joe Biden enters the White House, but just 15 days have been set aside for public comment far short of the typical 60-day consultation period.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In a letter, the lawmakers wrote:<\/span><b> A comment period consisting of eight business days over two holidays is not appropriate for regulating any industry, and could result in stakeholders being unable to meaningfully respond.<\/b><\/p>\n<p>\u00a0<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Cover_Protocol_announces_compensation_plan_following_mining_contract_attack\"><\/span><b>Cover Protocol announces compensation plan following mining contract attack<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400\">Cover Protocol has published a compensation plan for token holders and liquidity providers affected by a recent hack.<\/span><\/p>\n<p><b>Eligible liquidity providers on Uniswap, SushiSwap and Balancer will receive new Cover tokens based on their share of the liquidity pool on those platforms.<\/b><\/p>\n<p><span style=\"font-weight: 400\">The compensation plan also revealed that token holders will receive new Cover coins on a one-to-one ratio with their initial wallet balance before the hack.<\/span><\/p>\n<p><span style=\"font-weight: 400\">All this comes after Cover Protocol suffered an infinite minting attack that triggered a price crash. <\/span><b>Several entities exploited the vulnerability, with the first attacker reportedly draining over $4 million from the protocol.<\/b><\/p>\n<p>\u00a0<\/p>\n<p><b>Alleged kingpin of a 25 million rupee crypto scam arrested in India<\/b><\/p>\n<p><span style=\"font-weight: 400\">A 60-year-old man has been arrested at an airport in Delhi, accused of heading up a 25-million rupee ($340,000) cryptocurrency scam.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Police allege that Umesh Verma, along with his son Bharat, convinced hundreds to invest in a scheme going by the name of Pluto Exchange, promising monthly returns of <\/span><b>20%30%<\/b><span style=\"font-weight: 400\">.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The scheme issued a cryptocurrency called Coin Zarus in exchange for investments. However, shortly after the scheme launched in November 2017, returns dried up, and Verma reportedly dropped off the radar, eventually resurfacing in Dubai in 2018.<\/span><\/p>\n<p>\u00a0<\/p>\n<h2 style=\"text-align: center\"><\/h2>\n<h2 style=\"text-align: center\"><span class=\"ez-toc-section\" id=\"Best_Cointelegraph_Features\"><\/span><b>Best Cointelegraph Features<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h4><b><img decoding=\"async\" loading=\"lazy\" class=\"alignnone wp-image-6565 size-large\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/01\/Digest_01-01_3-1024x682.png\" alt=\"\" width=\"1024\" height=\"682\" \/><\/b><\/h4>\n<h4><span class=\"ez-toc-section\" id=\"Crypto_transactions_must_be_easier_Thats_it_Thats_the_headline\"><\/span><b>Crypto transactions must be easier. Thats it. Thats the headline<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400\">The gulf between users and those who are designing cryptocurrency service platforms must be bridged before the masses will make the leap, argues Luke Stokes.<\/span><\/p>\n<h4><\/h4>\n<h4><span class=\"ez-toc-section\" id=\"The_US_has_lost_the_2020_crypto_regulation_race_to_Europe\"><\/span><b>The U.S. has lost the 2020 crypto regulation race to Europe<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400\">When it comes to crypto regulation, the United States is falling further behind more progressive and visionary nations. Heres Johannes Kaske.<\/span><\/p>\n<h4><\/h4>\n<h4><span class=\"ez-toc-section\" id=\"XRP_price_faces_a_rocky_road_to_recovery_ahead_of_SECs_Ripple_lawsuit\"><\/span><b>XRP price faces a rocky road to recovery ahead of SECs Ripple lawsuit<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400\">Though Ripple CEO Brad Garlinghouse is prepared to challenge the SEC over its lawsuit, Shiraz Jagati warns that the knock may be hard to come back from.<\/span><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/magazine\/2021\/01\/02\/30k-cracked-supply-squeeze-xrp-implodes-1227-0102\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#BTC cracks $30K, supply squeeze worsens, XRP implodes: Hodler\u2019s Digest, Dec. 27\u2013Jan. 2&#8221; The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more \u2014 one week on Cointelegraph in one link! &lt;p style=&#8221;text-align: center&#8221;&gt;&lt;b&gt;&lt;i&gt;Coming every Saturday, &lt;\/i&gt;&lt;\/b&gt;&lt;b&gt;&lt;i&gt;Hodlers Digest&lt;\/i&gt;&lt;\/b&gt;&lt;b&gt;&lt;i&gt; will help you track every single important news story that happened this&#8230;<\/p>\n","protected":false},"author":1,"featured_media":146036,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/01\/27-2-jan.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-146035","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/146035","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=146035"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/146035\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/146036"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=146035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=146035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=146035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}