Central banks around the world are faced with a crucial, perhaps fateful, question: Where does the future of Bitcoin Revival lie? If one believes observers, the answer is long known. Some see the monetary authorities long since replaced by crypto currencies. So these days more and more monetary watchdogs are embarking on a journey into the digital world, which often appears like a never-ending odyssey in all discussions and experiments from outside.

Lebanon’s CBDC: Just a Desperate Try?

With its digital yuan, the People’s Republic of China casts a spell over one central bank. It almost seems as if the Middle Kingdom is driving the central bankers around the world. The next monetary authority that now wants to catch up with China’s advance is the currency watchdog of Lebanon . As the latest report from the national news agency in recent days shows, the country plans to launch its digital central bank currency as early as 2021. Last but not least, this also seems to be an attempt to get the inflation of the domestic pound into the grill.

ECB boss Lagarde sees the digital euro in the starting blocks

Meanwhile, the President of the European Central Bank Christine Lagarde caused a stir last week. Because in a virtual panel discussionWith her colleagues from the British Bank of England and the US Federal Reserve, Europe’s top currency guardian was unexpectedly optimistic: she expects the introduction of a digital euro in two to four years. In doing so, however, the Frenchwoman also repeated the mantra of the highest European financial institution. Accordingly, a digital euro should not be a substitute for cash. Her discussion partner, Fed chairman Jerome Powell, countered that it was necessary to wait and see and continue researching the potential of CBDCs. However, Lagarde received support from British central banker Andrew Bailey, who in turn emphasized that CBDCs could be an answer to private stable coins.

UK Treasury wants to regulate stable coins

The British Treasury Department had previously announced in a press release that the United Kingdom wanted to test this potential for its own currencyunderlined. It says that together with the Bank of England they want to examine the possibilities of a digital pound. However, when it presented future regulatory initiatives, the agency also addressed private stable coins in addition to CBDCs. The often controversial currency projects received high praise from Finance Minister Rishi Sunak. In his view, stable coins could “transform the way people manage and exchange money, making payments cheaper and faster”. At the same time, however, providers would have to adhere to the same minimum standards as companies that work with other means of payment. Legal answers should follow.

Norway waves it aside: „don’t need a CBDC“

Meanwhile, the Norwegian central bank has rejected government coin experiments. Ida Wolden Bache, the deputy head of the authority, recently emphasized that Norway is investigating the possibilities and potential of CBDCs. However, one simply does not need one’s own digital currency at the moment: „The lack of urgency reflects our previous view that there is no acute need to introduce a CBDC.“ However, this situation could change in the future. Therefore, structural changes in the banking system and state control of the payment infrastructure are still required.

In the midst of Venezuela’s hyperinflationary economy, the record is broken again.

With more than two trillion six hundred thousand million Bolivars, the week between October 31st and November 8th, a record was broken again in the amount of Bolivars stranded within the P2P platform in Venezuela, according to the data provided by Coin.dance. The previous record had been located in two trillion three hundred and eighty thousand million Bolivars in the second week of October.

However, regarding the amount of BTC traded, the figure is not remotely close to the record number and, in fact, it is the second worst week within this line with only 457 Corona Millionaire mobilized, only surpassing the week of October 25 to October 30, where 328 Bitcoin were traded, all according to the same data from Coin.dance.
More bolivars printed in 2020

To try to understand why the week with the highest amount of bolivars transacted coincides with the second worst week in terms of the amount of BTCs operated, it is necessary to do a review of the bolivar.

ATMs in dollars planned to be activated in Venezuela are cancelled

With data from the Central Bank of Venezuela we can observe that in the last week of October the Venezuelan economy saw an injection of monetary liquidity of 10.75%, which would be the highest that has been done so far in 2020 according to statements by the Venezuelan research firm Econometrica. With the last monetary injection, the monetary mass of the Bolivar was valued at two hundred seventy seven trillion six hundred twenty nine thousand million Bolivars.

In a comparison between all the existing money supply of the bolivar and the amount of money traded in the last week in LocalBitcoins, we can see that about 0.93% of all the bolivars in the market passed through the P2P platform in one week.

The sudden increase in mining activity suggests that the network is likely to produce another major hardship adjustment.

Bitcoin price falls after successful results of Pfizer’s Coronavirus vaccine

A major upward adjustment would come in the face of concern from non-Chinese miners who have been enjoying greater benefits after October’s apparent migration from Sichuan resulted in a negative hardship adjustment of 16%, the second largest downward adjustment in Bitcoin’s history.

Earlier this week, the world’s largest private sector hydroelectric power generator, Russia’s En+ Group, announced that it will launch a crypto coin mining company in partnership with local company, BitRiver.

Cena bitcoina utrzymywała się w hossy powyżej 13,500 USD i 13650 USD.

Ethereum odbił się powyżej 395 USD i przetestował 400 USD, XRP walczy o pokonanie oporu 0,242 USD.

OCEAN i AAVE wzrosły o ponad 10%

Po krótkoterminowej korekcie w dół cena bitcoinów odzyskała siłę powyżej oporu 13,500 USD. BTC jest obecnie (05:00 UTC) notowany znacznie powyżej 13650 USD i może nadal rosnąć powyżej 13800 USD i 13850 USD. Główną przeszkodą dla dalszych korzyści jest blisko 14 000 USD.

Podobnie, nastąpiła fala ożywienia w przypadku większości głównych altcoinów, w tym ethereum, XRP, litecoin, EOS, XLM, LINK, BNB, TRX, bitcoin cash i ADA. ETH / USD odreagowuje wyżej i może nawet ustabilizować się powyżej oporu 400 USD. XRP / USD jest notowany powyżej 0,240 USD, ale walczy o przyspieszenie powyżej 0,242 USD.

Całkowita kapitalizacja rynkowa

Cena bitcoina

Po wzroście powyżej poziomu 14 000 USD cena bitcoina skorygowała się w dół. Jednak BTC utrzymał ofertę powyżej poziomów 13,500 USD i 13650 USD. BTC handluje z dodatnim kątem, z natychmiastowym oporem w pobliżu poziomu 13 800 USD. Kolejny kluczowy opór znajduje się blisko poziomu 13850 USD, powyżej którego cena może przyspieszyć w kierunku poziomu 14 000 USD.

Z drugiej strony poziom 13650 USD jest początkowym wsparciem. Główne tygodniowe wsparcie kształtuje się blisko poziomu 13,5 tys. USD, poniżej którego może spaść do 13,2 tys., A nawet 13 tys. USD.

Cena Ethereum

Cena Ethereum znalazła wsparcie w pobliżu poziomu 372 USD i rozpoczęła nowy ruch w górę. ETH przebił poziom oporu 385 USD, a nawet osiągnął wartość powyżej 395 USD. Obecnie cena ma trudności z przyspieszeniem powyżej 400 USD. Aby kontynuować wzrost, cena musi ustabilizować się powyżej 400 USD i 405 USD.

Jeśli wystąpi korekta w dół, USD Poziom 392 to wstępne wsparcie. Główne cotygodniowe wsparcie znajduje się w pobliżu poziomów 380 i 372 USD.

Bitcoin cash, chainlink i cena XRP

Cena gotówki Bitcoin ponownie rośnie i notuje się znacznie powyżej poziomów 260 i 262 USD. BCH wykazuje pozytywne znaki blisko 260 USD, ale może napotkać przeszkody w pobliżu poziomu 270 USD. Udane zamknięcie powyżej poziomu 270 USD może otworzyć drogę do poziomów 280 i 285 USD.

Chainlink (LINK) rozpoczął silną falę odreagowania ze strefy wsparcia 10,80 USD. Cena wróciła powyżej 11,20 USD, a handluje się powyżej poziomu 11,50 USD. Pierwszy poważny opór jest blisko poziomu 11,80 USD, powyżej którego byki mogą próbować przebić się powyżej progu 12,00 USD.

Cena XRPznalazł wsparcie w pobliżu 0,235 USD i odreagował ponownie powyżej poziomu 0,240 USD. Cena obecnie walczy blisko poziomu 0,242 USD, ale główny tygodniowy opór jest blisko 0,245 USD. Udane przebicie powyżej 0,245 USD jest potrzebne do pchnięcia powyżej 0,250 USD i 0,252 USD.