Another mixed week in the crypto space this week as we have a wide range of bullish and bearish news. The most notable news being El Salvador recently ratified a law to accept Bitcoin as legal tender.
=====Here are some news headlines this week=====
- El Salvador ratified law to accept Bitcoin as legal tender
- Michael Saylor raises $500M (up from $400M) to buy bitcoin at the dip (institutional buyers are still hungry)
- Donald Trump calls Bitcoin "a scam" as it undermines USD
- Anonymous sends Elon Musk a stern warning and exposes Elon's hidden secrets
- Bitcoin from colonial pipelines hack recovered
- Amazon enters blockchain ring with job posting for DeFi expert
- BTC makes a recovery from 31k (currently at 36k at time of writing)
=====What I'm looking at=====
- Is BTC able to stay above 30-33k (Drop below 30k could spell trouble)
- BTC dominance (recovery = alts take a beating?)
- Death cross on the BTC EMA
- Cardano's activity on GitHub (@436 commits vs DOT @ 407 and ETH @ 271)
- XRP lawsuit (If XRP wins, massive run up as it'll be the first crypto besides BTC/ETH with clearance)