Forecasts and signals from trader AtlasTraders

Bitcoin jumped after the release of weak US inflation data.The crypto market has reached the bottom and is ready for growth, according to JPMorgan. A large German crypto bank has declared insolvency.The Coinbase crypto exchange recorded losses twice as high as forecasts. Hackers withdrew more than $500,000 from the Curve Finance protocol through a phishing site.Bitcoin rose 3.3% on Wednesday, ending the day at about $23,900. BTC jumped along with stock indexes after the release of weak US inflation data. A decrease in inflation may weaken the pace of the Fed's aggressive rate hike, which is favorable for cryptocurrencies and all risky assets.The crypto market has reached the bottom and is ready for growth, according to JPMorgan. The negative effect of the collapse of Terra has been overcome, and the future transition of the Ethereum network to PoS will have a beneficial effect on cryptocurrencies.In July, public mining companies sold 5768 BTC with a total production of 3478 BTC, Hashrate Index experts calculated. In the United States, two mining companies announced the expansion of capacities aimed at bitcoin mining.German cryptocurrency bank Nuri (formerly Bitwala) with a client base of more than 500,000 people, announced its insolvency due to the collapse of the crypto market and the bankruptcy of a number of crypto companies. Clients' funds are safe, Nuri assured.The American crypto exchange Coinbase reported losses for the second quarter in the amount of $1.1 billion, which doubled the forecasts. The largest loss since the listing was caused by the "hard" fall of the crypto market.The developers of the DeFi Curve Finance protocol reported a phishing attack, as a result of which users lost more than half a million US dollars in cryptocurrencies.The widespread introduction of crypto assets in the metaverse may pose a systemic risk to financial stability and will require reliable consumer protection, according to the Bank of England.

Bitcoin resumed its decline on Thursday, the difficulty of mining BTC increased for the first time in the last two months.Ark Invest has named a condition for a bitcoin rally. Mastercard considers cryptocurrencies as an asset class.Bitcoin declined 3.5% on Thursday, ending the day at about $22,500. BTC resumed its decline amid the suspension of the growth of stock indices.Bitcoin can show a rally over the next 12 months if it stays above the 200-week moving average (200-WMA), according to Ark Invest investment company. BTC has broken 200-WMA only 7 times in history. At the moment, the 200-WMA is around $22,800.The annual return on the asset after the recovery from 200-WMA averaged about 240%. At the same time, Ark Invest admits that if the correction turns out to be as serious as in 2018, bitcoin may fall much below current levels.The complexity of bitcoin mining as a result of the next recalculation increased by 1.74% — for the first time in the last two months.In one of the largest payment systems in the world, Mastercard considers cryptocurrencies more as an asset class than a means of payment, due to their volatility. The Central Bank's stablecoins and digital currencies have much more chances to occupy this niche.FTX CEO Sam Bankman-Fried praised the bill submitted to the US Congress, which gives the authority to regulate the crypto market — the Commission on Futures Exchange Trading (CFTC).According to Peckshield, hackers withdrew $4.8 million from the ZB decentralized crypto exchange, which claimed to be the most secure in the world.Chinese banks are gradually moving to the registration and issuance of loans to individuals and industrial enterprises in the state digital currency.

Bitcoin interrupted the decline after several days of correction.BTC should be worth $40,000, the founder of SkyBridge Capital is sure.The iconic figure of the crypto industry, Michael Saylor, resigns as CEO of MicroStrategy.Solana users have lost over $8 million due to the hacking of crypto wallets.The Shiba Inu token celebrated its two-year anniversary with the release of a new mobile game.Bitcoin rose by 1.4% on Wednesday, ending the day at about $23,300. BTC strengthened after several days of correction amid the growing dynamics of stock indices.Anthony Scaramucci, founder of the SkyBridge Capital crypto fund, believes that BTC and ETH are fundamentally undervalued and technically oversold. In his opinion, bitcoin should cost $40,000, and Ethereum - $2,800.The ECB believes that national digital currencies (CBDC) will displace bitcoin and other cryptocurrencies because they have a higher potential.Online broker Robinhood announced a staff reduction of 23% amid the collapse of the crypto market. This week Robinhood published a negative financial report for the second quarter. The authorities of New York fined the crypto platform $30 million for failure to comply with measures to combat money laundering and maintain cybersecurity.Solana users have lost over $8 million due to blockchain vulnerabilities. Hackers have hacked about 8000 crypto wallets based on SOL. The largest crypto exchanges have announced that they will strengthen the security of users after the Solana hack.The developers of Shiba Inu have announced the development of a new mobile game called Shiba Eternity. On August 2, the SHIB token turned 2 years old.The largest Russian palladium producer, Norilsk Nickel, is testing its own tokens to fulfill credit obligations to the supplier, the Sever Group of companies.

Bitcoin is moderately correcting after a bullish July. The capitalization of the USDT stablecoin began to grow for the first time in three months.Bank of America points to bullish signals for BTC. Bitcoin has set its sights on the $27,000 mark, according to Arcane Research.Glassnode doubts the continuation of the BTC rally. Bitcoin will enter a new phase of growth only in 2024, Morgan Creek believes.Bitcoin declined by 0.5% on Tuesday, ending the day at about $23,000 amid a correction in stock indices.If BTC holds the level of $20,700, it may soon be in the range of $27,000-$28,000, Arcane Research believes.The increased outflow of cryptocurrencies from exchanges and the growth of net inflows into stablecoins signal a bullish market momentum, according to Bank of America.The capitalization of the USDT stablecoin has started to grow for the first time in three months, which may indicate consolidation and further growth of cryptocurrencies. Since the beginning of May, the indicator has decreased by 21%.The AASI on-chain indicator indicates a likely correction of bitcoin, since the price of BTC has recently grown faster than the number of active addresses. On the other hand, the long-term MVRV Z-Score indicator has crossed the upper boundary of the deep oversold zone, which signals the likely passage of the "bottom" of the market cycle.Read more: What are Stablecoins and how do they differ from other cryptocurrenciesMeanwhile, Glassnode doubted the continuation of bitcoin's recovery rally, referring to the fact that the data of on-chain indicators have not improved fundamentally in recent days. Thus, the number of active bitcoin addresses remains within the downtrend channel. Network activity remains subdued, which indicates a small influx of new demand.

Bitcoin has approached July highs above $24,000.Cryptocurrency has been bought up by small players in recent months. Guggenheim Partners warned about a possible decline in BTC.The IMF allowed a sell-off in the cryptocurrency and stock markets. Another algorithmic stablecoin has lost parity against the dollar.Most Russians do not trust digital currencies. Bitcoin rose by 5.8% on Thursday, ending the day at about $24,100. BTC strengthened in the US session along with US stock indexes. The first cryptocurrency approached the July highs above $24,200 and may soon try to overcome them.The crypto market will continue to deflate, as the industry has not yet "cleared" of problematic participants, Guggenheim Partners warned. In the long term, the industry will face problems due to regulatory pressure and lack of strong institutional support.The cryptocurrency market is waiting for a fall in the event of a recession in the economy, according to the IMF. Preliminary data on US GDP released on Thursday confirmed the beginning of a technical recession in the country.According to Glassnode, small players (with a balance of less than 1 BTC) have bought more than 156,000 BTC since May, taking advantage of the collapse of the cryptocurrency in May and June.In the UK, it was proposed to consider cryptocurrencies as a new type of property, which can greatly facilitate the protection of investors in this type of instruments.Due to the downturn in the cryptocurrency market, blockchain-based games will become one of the best ways to attract new users to the industry, according to the analytical company Absolute Reports.The blockchain research company Santiment reported that the bearish trend in the market did not affect the development of the Cardano network, which continues to show rapid growth.According to WhaleStats, the Shiba Inu token (SHIB) is on the list of digital currencies that are most popular with Ethereum whales.The Solana-based profitable farming protocol - Nirvana Finance - has been attacked using an instant loan. At the same time, the algorithmic stablecoin of the NIRV project lost its peg to the US dollar.A survey conducted by Anderida Financial Group showed that only 5% of residents of the Novosibirsk Region consider digital assets as a profitable investment. 55% of respondents are eyeing bank deposits, and 40% of respondents would like to purchase real estate and receive a stable income.

BTC has grown steadily over the past week.Bitcoin has found the bottom in the region of $18,000, suggested the ex-CEO of the BitMEX crypto exchange.The acute phase of deleveraging and panic in the markets have ended, Citigroup believes.The growth of the money supply indicates an imminent reversal of the bitcoin trend, according to the co-founder of Real Vision Group.Bitcoin has grown by 8.6% over the past week, ending it at about $22,700 amid strengthening stock indexes. BTC broke through the July highs and rose above $24,000 for the first time since June 13.The former CEO of the BitMEX crypto exchange, Arthur Hayes, suggested that bitcoin hit the bottom at $18,000 in June. However, in his opinion, the bottom is usually tested again before the market returns to the bullish phase.The acute phase of deleveraging and panic in the markets have ended, according to Citigroup. According to Arcane Research, since May 10, large organizations have sold more than 236 thousand bitcoins with a total value of over $5.4 billion.The liquidation of collateral in BTC by the Luna Foundation Guard became the largest – more than 80 thousand BTC were sold. Tesla got rid of 29,060 BTC. Another 24.5 thousand bitcoins were sold by the Canadian exchange-traded fund Purpose BTC. Miners have sold over 19 thousand. BTC in the period from May to June.The growth of the money supply indicates an imminent reversal of the bitcoin trend, according to Real Vision Group co-founder Raul Pal. According to him, the markets are mainly managed by liquidity.California authorities have allowed politicians to accept donations in cryptocurrencies, lifting a four-year ban on such practices. Donations in cryptocurrencies must be immediately converted into US dollars and transferred to a bank account within two days.Boston Consulting Group, Bitget and Foresight Ventures presented a joint study, according to which the number of cryptocurrency users should reach 1 billion by 2030.

The growth of bitcoin is running out of steam: the second day of BTC closes with doji candles.JPMorgan notes an improvement in investor sentiment, but only small players are active. The CEO of deVere expects a "significant" jump in prices by the end of the year.Meanwhile, Tesla sold 75% of its bitcoins in the second quarter.Bitcoin declined by 0.6% on Thursday, ending the day around $23,200. Bitcoin tried to adjust downwards in the first half of the day. In the future, BTC played almost all the decline in the American session against the background of the growth of US stock indices. The first cryptocurrency closes the second day with doji day candles, indicating uncertainty in the market.The improvement in investor sentiment and growing interest in Ethereum on the eve of the transition to PoS provoked the recovery of the crypto market, JPMorgan notes. The growth driver is the activity of retail investors, while there is no inflow of funds into crypto funds.Nigel Green, CEO of the deVere Group consulting company, believes that confidence is returning to the cryptocurrency market. In his opinion, the final cleaning of the market from "weak hands" is still possible before a significant jump in prices by the end of the year.Tesla, the largest manufacturer of electric vehicles, sold 75% of its bitcoins from April to June due to economic problems. As a result, the company earned $ 936 million, according to the company's quarterly report. At the same time, the company has not sold "any" Dogecoin, Musk noted. Earlier, he said that he would continue to support the coin, despite the market correction.Finland has sold off most of the stock of bitcoins confiscated before 2018, worth over 45 million euros.Goldman Sachs, together with the HQLAx platform, carried out the first largest securities lending operation using blockchain technology.Market veteran Peter Brandt criticized MicroStrategy CEO Michael Saylor for saying that bitcoin is a digital commodity asset and is provided with energy. According to Brandt, BTC is an asset with excessive energy consumption, besides without obvious economic functions.The developers of Shiba Inu have signed an agreement with the American visualization studio The Third Floor to create a virtual world of SHIB: The Metaverse Project.

Bitcoin on Tuesday showed the maximum growth over the past month.BTC has overcome an important technical level of 200-WMA. The fear and greed index came out of the state of "extreme fear" for the first time in 2.5 months.Glassnode pointed out signs of the formation of a "bottom". Miners can still collapse bitcoin, CryptoQuant warns.Bitcoin jumped 8.5% on Tuesday, ending the day around $23,300 amid a rise in US stock indexes and a weakening dollar. BTC has tested highs since June 13 around $23,700.The first cryptocurrency has overcome an important level of the 200-week moving average, which is now around $22,630. If the bulls manage to close the week above this level, it will be possible to state the restoration of important BTC support.The cryptocurrency fear and greed index on Tuesday moved into a state of "fear" from "extreme fear" for the first time since the beginning of May. The index itself became the highest since April 11, when BTC was worth more than $40,000.After waves of capitulations in May-June 2022, bitcoin quotes have been below the realized price for a month. There were other signals of the formation of a potential bottom, according to Glassnode.The research company CryptoQuant has warned investors that the mass sale of BTC by miners in a falling market may provoke a continuation of the decline of bitcoin.The US Federal Bureau of Investigation (FBI) has warned about the spread of fraudulent applications for investing in cryptocurrencies and their subsequent theft from American investors.Circle, the issuer of the USD Coin stablecoin, has confirmed plans to enter the stock market in the fourth quarter of 2022.