​​$100 Million Poured Into Bitcoin By a Leading Israeli Asset Manager

Altshuler Shaham, the biggest investment house in Israel have invested a $100M into Crypto, and have already made over a 100% profits as the investment was made end of 2020.

It is also the only known Israeli institution to have shown interests in crypto. Also, more institutions are showing interest in crypto, after the UK in 2020.

A Chinese beauty app maker, Meitu also invested $40M into Bitcoin and Ethereum.

@MichelleKellerCrypto #dailynews

​​📉 Daily Bitcoin chart review 📈

BTC wicked to 55k and bounced ✅ Friday stocks closed bullish fully recovered after the dip made week before. That gives a hope for consolidation and potential for further growth after another dip on Monday. So Bitcoin has full weekend disconnected from global market to do some crazy shit. If it dip, next week brings recovery and growth. If it pump - next week will be pullback to broken SR at ~58k and growth. Frankly I don't know which way it will go first. Feel little bearish now, but very bullish for another ATH breakout sooner or later.

P.S. Michael Saylor fund acquired another 262 BTC for ~15 million USD 😎

🟥 57500 - 58472 - 59400
🟩 56000 - 52134 - 51500

Momentum analysis at daily:
10-12: AO ⬆️⬆️ AC ⬆️⬆️
09: AO ⬆️⬆️ AC 🔻⬆️
07-08: AO ⬆️🔻 AC 🔻🔻

😱 Fear & Greed index: 74 (<= 70 <= 73 <= 68)

​​DAFI Protocol to implement their synthetics for the projects on the Elrond mainnet. DAFI will support DeFi projects building on the Elrond Network with the option to algorithmically adjust token incentives using synthetics that are tied to the underlying token’s usage.

​​Shyft Network will have a public sale round on Polkastarter on March 24th. Sale details TBA. Shyft Network is a blockchain-based identity verification platform that enables compliant DeFi for institutions. It has closed private fundraising round recently with participation from Spartan Group, Coinfund, GSR and others.

​​Alameda Research invests $20M in Reef Finance (REEF). According to the blog post Alameda Research has become a significant stakeholder in the cross-chain decentralized finance platform. Reef previously closed a $3.9M funding round last September with backing from NGC Ventures, Kenetic Capital and others.

​​Unmarshal partners with Fuse to provide reliable on-chain data. Unmarshal will be providing multiple data avenues to Fuse, the low-cost substitute for traditional cash transactions. Unmarshal is a multi-chain DeFi data network aiming to deliver granular & real-time data to dApps.

​​Polkaswitch has raised $3M during private fundraising round. Arrington Capital, Ascensive Assets, Signum Capital, LD Capital, Bitscale Capital, DFG, Gestalt Capital, Waterdrip Capital and Vendetta Capital are among investors.
Polkaswitch is building a multi-chain liquidity protocol for Polkadot, Ethereum and other Layer 1 protocols.

​​OptionRoom will launch farming of its deflationary governance token COURT on March 13. Farming period: 3 month (x2 during first month). Max. supply: 40K COURT. COURT will become tradable on May 13.

​​Ethernity Chain will launch farming of Ethernity STONES on March 24. STONES can be used to redeem curated and selected Ethernity NFTs that will only be available to STONES holders via the Ethernity Chain platform. STONES are non-transferrable and have no monetary value.

​​SubQuery has raised $1.8M during private fundraising round. DeFi Alliance, D1 Ventures, Hypersphere Ventures, DFG and The Lao are among participants. SubQuery aims to help Polkadot/Substrate projects build better dApps by allowing anyone to reliably find and consume data.

​​📉 Daily Bitcoin chart review 📈

BTC broken ATH that lasted for 19.5 days. Uptrend continues. Don't try to short the King unless you want to become shorter yourself 😅 Nearest Fibonacci extension levels are at ~62700 / 65000 / 68000 and may act as resistance on the way up. We may also expect pullback to previous ATH level for re-test of broken SR. Not guaranteed but that is what happens most often. Whatever will be BTC have started a new wave and it can take it much higher.

Dominance still within consolidation range that look like reversal to uptrend. Can pump to 63.7-64.5. That will be the case if BTC pump even higher.

🟥 62700 - 65000 - 68000
🟩 59800 - 58472 - 57500

Momentum analysis at daily:
10-13: AO ⬆️⬆️ AC ⬆️⬆️
09: AO ⬆️⬆️ AC 🔻⬆️
07-08: AO ⬆️🔻 AC 🔻🔻

😱 Fear & Greed index: 78 (<= 74 <= 70 <= 73 <= 68)

​​📉 Daily Bitcoin chart review 📈

Bitcoin moves according to forecast. After ATH breakout came back to broken 58500 resistance to prove it as support ✅ This morning is lavish for longs liquidations so we may assume those who needed liquidity gained it on that dip. Still I wouldn't deny potential or lower wick to ~57500 zone as it also acted as SR and gained decent volume density.

Therefore we have two scenarios. Either bounce from here till 57500 and make another leg up to ~65k. Or 57500 lose support and BTC drop back to 55k / 52.5k. In any case not shorting. Breakout didn't show any selling volume, so its far from being the top.

🟥 62000 - 62700 - 65000
🟩 58472 - 57500 - 55150

Momentum analysis at daily:
14: AO ⬆️⬆️ AC ⬆️🔻
10-13: AO ⬆️⬆️ AC ⬆️⬆️
09: AO ⬆️⬆️ AC 🔻⬆️
07-08: AO ⬆️🔻 AC 🔻🔻

😱 Fear & Greed index: 76 (<= 78 <= 74 <= 70)

​​This 18k $BTC deposit is legit as it was a transaction between user deposit wallets and Gemini hot wallet.

All Exchanges Inflow Mean is skyrocketed due to this deposit. Don't overleverage if you're in a long position.

​​Michelle prepared the list of the most interesting upcoming projects in march you should to know about.

​​📉 Daily Ethereum chart review 📈

As forecasted Ethereum dumped back to 1800 support and even passed it by. I'm buying the dips here and average cost at ~1650. This might take time for consolidation I guess.

Frankly, ETH has the shittiest chart at spot. Don't know why I long it at Futures. Probably because of global belief that its totally undervalued and will grow in any case 😅 In the end, if you don't believe in ETH future there is no future for anyone else.

​​Kine Protocol (KINE) gets listed on Gate on March 15. KINE/USDT and KINE/ETH trading pairs are already live.

​​Gather (GTH) gets listed on BitMax on March 15. GTH/USDT trading pair will go live at 9:00 a.m. EDT.

​​Aluna Social will get listed on Uniswap and Gate on March 15. ALN/ETH and ALN/USDT trading pairs will be available on Gate. ALN/ETH pool will be live on Uniswap. Trading will start at 10:00 AM UTC on both platforms.

​​📈 Market Overview

Bitcoin pared some gains, dipping below $60,000 on March 14, a day after setting a new all-time high of $61,950 on Binance. However, on-chain data indicates that the uptrend is likely to continue in the near term.

The entire Top 10 is traded in the red zone. Uniswap fell by -7.5%, ChainLink -4.9% and Litecoin -4.8%

Market capitalization: $1.82T (-2.94%)
The BTC dominance: 59.5% (-1.31%)
Fear & Greed Index: 76 (Extreme Greed)

​​Crypto News Weekly Recap #39 📣

#1 Tether launches USDT on Solana — link

#2 Bakkt awarded BitLicense in New York — link

#3 DODO was exploited. In total, approximately $3.8 million was drained — link

#4 JPMorgan launching 'crypto exposure basket' — link

#5 Ripple execs move to deny SEC access to personal bank records — link

#6 Cryptocurrency platform FalconX secures $50 million investment— link

#7 MicroStrategy has purchased an additional ~262 bitcoins for $15m in cash — link

#8 Beeple NFT sold for record-setting $69.3m at Christie’s Auction — link