• From a technical perspective, BTC’s upside potential looks capped as there are several layers of resistance ahead that might reject any attempts by the bulls to take over. Bitcoin would have to break through $52,000 to be able to resume its uptrend while closing below $41,000 could signal a downswing to $33,000.
• On Binance Futures, BTCUSDT Long/Short Ratio continues rising to hit a 2.98 ratio on Jan. 9th. Traders remain optimistic about Bitcoin’s future price action as 74.87% of all accounts are net-long.

Digital asset investment products saw outflows totalling a weekly record of $207m. This follows the outflows that began mid-December and the 4-week run now totals $465m — link

Bitcoin has highest correlation with equities since July 2020 — link

Jack Dorsey spearheads new fund to defend Bitcoin developers against legal action — link

The TOTAL crypto market cap bounced from the support of $1.75-$1.80 trillion area. TOTAL is now trading above the $2 trillion resistance and this is good sign. The next resistance is $2.20-$2.25 trillion area. The support level remains the same. We enter in a bear market if TOTAL break below $1.75 trillion support area.

Tesla start accepting DOGE payments. DOGE is pumping hard because of this news.

XRP tested the major support area of $0.75 and stop hunting is done below the major support area. XRP is now in the accumulation zone and we may see some sideways movement. The next support is $0.70 area and $0.63 area. The local resistance is $0.80 area and major resistance is $0.89 area.

$ETH TA by TraderSZ

In 2021, North Korean hacking activity was on the rise once again. From 2020 to 2021, the number of North Korean-linked hacks jumped from four to seven, and the value extracted from these hacks grew by 40% — chainalysis

Crypto exchange FTX sets up $2 billion venture fund — link | archive

Walmart appears to be venturing into the metaverse with plans to create its own cryptocurrency and collection of NFTs — link

Weekend was silent, #BTC daily volume on Binance dropped below $1B just like two weeks ago before the dump.

Bulls are hopeless until $46k level isn't reclaimed

Singapore curbs crypto marketing in digital asset crackdown — link

USDC volume remains low on centralized exchanges — link

⁠Bitcoin hodlers 'under siege' at $42K as 30% of BTC supply flips from profit to loss

A historically significant 30% of the Bitcoin supply is now held at a loss — and that has ended in a bullish rebound twice since March 2020. — link

New ETF filed: VanEck Commodities and Bitcoin Strategy ETF — link | sec

ETH unable to hold above the $3300-$3340 resistance area and now again testing the major support area. The key level to hold is $3000 and if ETH daily candle close above this then we see again a test of $3300 resistance area. If ETH daily candle close below $3000 then we see more panic in market and $2650-$2700 area.

Institutional investors are shifting their attention towards other cryptocurrencies. Bitcoin-based products has fallen notably – from 74.9% in January 2021, to 67.8% of total AUM by year-end — link

Bloomberg analyst Mike McGlone is convinced Bitcoin is on track to reach $100K in 2022, as it completes its transition from a risk-on to risk-off asset. 
While the Fed is planning to raise interest rates to fight inflation, risk-on assets like crypto may suffer, as people would likely prefer to invest in fixed-income assets like bonds.
While this trend may represent a short-term hurdle, McGlone said he is confident that Bitcoin will still appreciate significantly in 2022:
“Bitcoin is in a unique phase, I think, of transitioning from a risk-on to risk-off global digital store of value, replacing gold and becoming global collateral. So I think that's going to be happening this year.”