Transfer of FUD Regulation
3 min read

Transfer of FUD Regulation

Cryptic ball: sad days for the EU.

What a pump! As explained yesterday, the recent resistance which turned support did hold, providing some much needed comfort for bulls before the weekend arrives. Curiously, alts bounced even harder! Let's analyse.

  • Such recovery is correlated with the stock market performance, as North American and European equities also started the quarter on a green foot.
  • Bitcoin also tested the trendline from the recent lows, as you can see below. This confluence of signals will likely fuel the confidence of bulls.
  • Alts, led by ETH's higher relative bounce (clearly seen in the ETHBTC pair), are outperfoming the orange coin. As I told you, spring is here - time to get ready. Just be sure you don't buy into any of the ponzi schemes out there.
  • Lastly, it's good that crypto didn't dump in face of yesterday's EU Parliament vote on the latest AML/CTF framework - which harms basic financial rights of the citizens of the old continent. It seems no one cares about the EU anyway!

With these conditions, I expect the weekend to be smooth like butter. I can be wrong, especially if something wild changes in the macro conditions. So do your own research and don't be dumb - as volatility will likely continue to increase.

Chart art: sad days for bears.

If all goes well, this should turn parabolic soon. But first we need the white box support to hold.

Three things: sad day for eth haters.

  • Kadeem Clarke explains Ethereum's shift to Proof-of-Stake. #themerge
  • Punk 6259 explains why the European Union has lost the plot. #mustread
  • Taylor Monahan shares her top crypto beginners guides. #sharingiscaring

Tweet tip: sad day for no-coiners.

Are you stacking sats?

Meme moment: sad day for meme lovers.

Fortunately this regulation is far from being law yet, and it can be reverted in the trilogues.

FV Bank: meet us in Miami.

Meet the FV Bank and B21 founders Miles and Nitin at BTC Miami to discuss Bitcoin and banking, from April 6th to the 9th, 2022.

Get started: download the B21 Crypto app!

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Our newsletter offers opinions and insights from analysts in the cryptoasset space. It is not intended to be investment advice, and should not be treated as such. You must not rely on its information as an alternative to financial advice from a qualified professional. Without prejudice, we do not undertake or guarantee that its information is correct, complete or non-misleading; or that the use of the guidance in the report will lead to any particular outcome or result.