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Price analysis 9/14: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, SHIB

The United States equities markets and the cryptocurrency markets had been rising leading up to the Sept. 13 release of the August consumer price index data, but the rally fell apart once the data showed inflation rising, rather than falling.

The negative data dashed any hope of a Federal Reserve pivot in the near term and it triggered a sharp decline in risky assets. The market capitalization of U.S. stocks plunged by about $1.6 trillion on Sept. 13 and the market cap of the cryptocurrency markets slipped below $1 trillion.

Daily cryptocurrency market performance. Source: Coin360

Statistician and independent market analyst Willy Woo, believes that Bitcoin (BTC) may have to fall further before it reaches the maximum pain experienced during previous bottoms. Woo expects Bitcoin price to decline below $10,000.

Could Bitcoin and altcoins resume their downtrend? Let’s study the charts of the top-10 cryptocurrencies to find out.

BTC/USDT

Bitcoin broke above the 50-day simple moving average ($21,902) on Sept. 12, but this proved to be a bull trap. Buyers attempted to extend the recovery on Sept. 13 but the rally reversed direction from $22,799.

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Only 10 hours to the Ethereum Merge: Here's what you need to know

The Ethereum blockchain is set to bid farewell to proof-of-work, and welcome proof-of-stake as Mainnet merges with the Beacon Chain.

Only 10 hours to the Ethereum Merge: Here's what you need to know

The Ethereum blockchain is set to bid farewell to proof-of-work, and welcome proof-of-stake as the mainnet merges with the Beacon Chain.

Volatility expected as $490M in ETH options expire shortly after the Ethereum Merge

The outcome of the Ethereum Merge will be a primary price drive that dictates whether ETH bears profit from this week’s $490 million options expiry.

Tesla launches new Cyberwhistle that can only be bought using Dogecoin

"Blow the whistle! But you must pay in Doge," says Tesla's CEO Elon Musk.

US Treasury sanctions Iran-based ransomware group and associated Bitcoin addresses

The Office of Foreign Asset Control sanctioned 7 Bitcoin addresses allegedly connected to Iranian nationals Ahmad Khatibi Aghada and Amir Hossein Nikaeed Ravar.

CV Summit 2022 panel: The importance of accessibility and community education

Cointelegraph’s editor-in-chief Kristina Cornèr moderated a panel discussion revolving around accessibility and education in the blockchain sector.

Ethereum’s Merge will affect more than just its blockchain

Ethereum's Merge will have a vast impact on cryptocurrency, particularly on some — like decentralized application (DApp) developers — who rely on Ethereum to conduct their business.

Analyst on $17.6K BTC price bottom: Bitcoin 'not there yet'

It may be a case of "so near yet so far" when it comes to June's multi-year low being the next BTC price floor, warns Willy Woo.

Analyst on $17.6K BTC price bottom: Bitcoin 'not there yet'

Bitcoin's (BTC) market behavior is not yet “synonymous” with previous bear market bottoms, one of the leading crypto analysts argues.

In a Twitter thread on Sept. 14, statistician Willy Woo, creator of data resource Woobull, offered three examples of why BTC/USD should still have further to fall.

Despite many calling a new macro price bottom during June’s trip to $17,600, not everyone is confident that Bitcoin will avoid a retest.

For Woo, there is still reason to believe that lower levels will mark the new price floor — and this could be anywhere, including below $10,000.

"Underwater" supply short of bottom zone

One metric Woo flags is the percentage of the overall BTC supply held at a loss — now worth more than the price at which it last moved.

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BNB Chain to collab with Google Cloud to bolster Web3, blockchain startups

BNB Chain ecosystem participants are set to have access to Google Cloud services in a newly formed collaboration.

Guide to real-life crypto OGs you’d meet at a party (Part 2)

"I think OGs are hard core believers who went all-in when nobody else was paying attention to the space."

Guide to real-life crypto OGs you’d meet at a party (Part 2)

"I think OGs are hard core believers who went all-in when nobody else was paying attention to the space."

Guide to real-life crypto OGs you’d meet at a party (Part 2)

In Part 1, we detailed three of the different kinds of crypto OGs you might meet at an industry party.

They were: (1) shadowy super coders and/or anon founders, (2) “reputable” and respected OG industry leaders like Vitalik Buterin and Brian Armstrong, and (3) the comeback OGs, who were trying to shake off the stink of a failed project.

This time around, we meet even more categories of crypto OGs, with insight from the insiders most familiar with them.

 

 

Sam Bankman Fried in a Youtube interview

Guide to real-life crypto OGs you’d meet at a party (Part 2)

"I think OGs are hard core believers who went all-in when nobody else was paying attention to the space."

Guide to real-life crypto OGs you’d meet at a party (Part 2)

"I think OGs are hard core believers who went all-in when nobody else was paying attention to the space."

Guide to real-life crypto OGs you’d meet at a party (Part 2)

In Part 1, we detailed three of the different kinds of crypto OGs you might meet at an industry party.

They were: (1) shadowy super coders and/or anon founders, (2) “reputable” and respected OG industry leaders like Vitalik Buterin and Brian Armstrong, and (3) the comeback OGs, who were trying to shake off the stink of a failed project.

This time around, we meet even more categories of crypto OGs, with insight from the insiders most familiar with them.

 

 

Sam Bankman Fried in a Youtube interview

Guide to real-life crypto OGs you’d meet at a party (Part 2)

In Part 1, we detailed three of the different kinds of crypto OGs you might meet at an industry party.

They were: (1) shadowy super coders and/or anon founders, (2) “reputable” and respected OG industry leaders like Vitalik Buterin and Brian Armstrong, and (3) the comeback OGs, who were trying to shake off the stink of a failed project.

This time around, we meet even more categories of crypto OGs, with insight from the insiders most familiar with them.

 

 

Sam Bankman Fried in a Youtube interview

Guide to real-life crypto OGs you’d meet at a party (Part 2)

In Part 1, we detailed three of the different kinds of crypto OGs you might meet at an industry party.

They were: (1) shadowy super coders and/or anon founders, (2) “reputable” and respected OG industry leaders like Vitalik Buterin and Brian Armstrong, and (3) the comeback OGs, who were trying to shake off the stink of a failed project.

This time around, we meet even more categories of crypto OGs, with insight from the insiders most familiar with them.

The “NeoGs” market makers and traders

There are a select few crypto players who joined the game late, yet they rose to prominence to become behemoths in terms of net worth and impact. Usually, these are savvy market makers and traders who are often mistaken for OGs.

Take, for example, Sam Bankman-Fried, the founder of FTX trading exchange and quant trading firm Alameda Research. Amid the recent crypto collapses, he gained even greater prominence as he stepped in big to provide bailouts and minimize the contagions.

Sam Bankman Fried in a Youtube interview
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