Daily Crypto NewsEDITION #81, 19 November 2020

Ethereum 2.0, Bitcoin and Grayscale grow, how to trade on FTX

Hey #Moni Maker ✋

Today, in 1987, Bugatti Royale was sold for a record (for its time) $5.5 million. After a couple of decades, the most expensive car in the world - Ferrari 250 GTO 1963 - is already worth $70 million. But it's not as much about the price rise of supercars, as it is about USD depreciation. All we are saying is that if you are planning some dizzying purchase today, think twice - maybe HODLing bitcoin for a year or so and going shopping after is not such a bad idea? Meanwhile we could check out today’s digest 😉

We are not fortune tellers, but we bought futures. 3x ETH futures, open positions🤘

Our way to Tesla is getting shorter like a heartbeat when you think about the #Moni app (get up in the waitlist, by the way, if you haven't already) 💜

We are growing, almost $1k 😜 But... what to do with BTC? Sell? Buy more? Share your opinion in our chat room!

Bitcoin market capitalization reached $330 billion and approached its historical maximum (and even exceeded it at the time), when the cost of bitcoin was about $20k.

In the last 3 years, 1.8 million BTC was mined (+10% from December 2017), hence, due to such a number of new coins entering the market, the new price peak will take much more capital.

At the moment, it will take about $30 billion more for Bitcoin to update its ATH of $20,000.

By the way, a while ago we informed that the realized capitalization of Bitcoin was $115 billion.

So what?

So, Sherlock, let’s open our digest from October 19 and see a $218 billion capitalization. Now we’re at $330 … the capitalization acts like a schoolgirl at prom - she is worried, but with + $100 billion for a month one can come to the right places :)

The total assets managed by Grayscale currently amount to about 10.4 billion. The Grayscale Bitcoin Trust (GBTC) remains the most popular.

It accounts for more than 80% of the total amount and makes about $8.85 billion.

Recently users have learned that 900,000 bitcoins is under the Grayscale’s control.

So what?

Crypto is now a place under the sun, a beach, where you should take your place. Grayscale has done it.

And if we pay attention to the approaching economic crisis, Grayscale is thinking about securing their assets, not about a great crypto mission...

In the USSR, money was kept in jars; now it is necessary to HODL it in crypto. We’re not hiding it from police or thieves, but from inflation and crisis.

According to CryptoRank, the total volume of bitcoin futures trading reached $48.8 billion, a new record high. Binance Futures accounts for the major part of the volume - $26.7 billion.

So what?

Futures are a delicate matter, you have to be careful with them.

Dear traders, prepare your futures, let’s go trade!

More than 100 thousand ETH for launching phase 0 of Ethereum 2.0 have been locked on the depository contract ETH2. This is about 20% of the required amount. A total of at least 524,288 ETH is required until November 24. If the required amount of ETH is not collected, it is likely that the launch of a new version will be postponed.

Let us remind, that Buterin has also contributed to the launch.

So what?

Well, if ETH 2.0 is not launched, it will become a big-a$$ crypto meme, because people have been patiently waiting for this event for way too long.

Did you invest anything into ETH 2.0?

— Binance launches trading of perpetual CTK/USDT futures contracts with up to 50x leverage.

And one more thing...Buy Bitcoin! 😉