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USA Is Looking Closely To Launching Its Own Cryptocurrency, According To Fed Governor Lael Brainard – CryptoPotato

The U.S. Federal Reserve is experimenting with blockchain technology to establish potential use cases for a central bank digital currency (CBDC). Feds Governor Lael Brainard said this in a recent speech, but she also noted that risks still exist, and they have to be addressed before launching a digital currency.

As reported by Reuters, Federal Reserve Governor Lael Brainard recently mentioned the countrys potential involvement in central bank digital currencies, or CBDCs. According to her, the U.S. central bank is researching the feasibility of issuing a digital currency.

We are conducting research and experimentation related to distributed ledger technologies and their potential use case for digital currencies, including the potential for a CBDC.

We are collaborating with other central banks as we advance our understanding for central bank digital currencies.

Cryptopotato recently reported that a survey from the Bank of International Settlements (BIS) regarding the emerging trend of CBDCs. The findings were that 80% of all participating banks are working on launching their own digital currency.

Brainard also noted the extreme competition in the field and added that there are a set of reasons to also be making sure that we are the frontier of both research and policy development.

Interestingly enough, less than two years ago, Brainard appeared extremely against the idea of launching a CBDC. Aside from all regulatory hurdles that she mentioned, Feds Governor also indicated that there is no compelling demonstrated need for a Fed-issued digital currency.

Now, though, the situation has changed dramatically as she referred to Facebooks plans to launch its own cryptocurrency Libra. Brainard said that ever since it was announced last year, it brought imparted urgency around the digital currency topic.

The Governor believes that projects similar to Libra could deliver additional risks, which need to be addressed before the product is live:

Some of the new players are outside the financial systems regulatory guardrails, and their new currencies could pose challenges in areas such as illicit finance, privacy, financial stability, and monetary policy transmission. according to Brainard.

Ultimately, she seemed more optimistic regarding the positive benefits of digital currencies, and concluded that by transforming payments, digitization has the potential to deliver greater value and convenience at a lower cost. Despite Facebook intentions, the Libra project may not come alive, according to Facebook itself.

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Cryptocurrency Market Update: The tug of war begins as Bitcoin and altcoins consolidate – FXStreet

The digital asset market is sending mostly bearish signals on the second day of trading this week. Bitcoin has slowed down the uptrend; so have the altcoins. Some of the previous biggest gainers such as IOTA, Bitcoin Gold and Ethereum Classic are correcting lower 0.82%, 3.78% and 0.58% in that order.

All of the top three cryptocurrencies Bitcoin, Ethereum and Ripple are struggling to shake off the bear pressure. Only selected cryptoassets are slightly in the green including Bitcoin Cash at 0.15% higher and NEO at 0.18 higher on the day.

The crypto markets total cap has dropped by $3 billion from $261 billion on Mon day to $258 billion at the time of writing. CoinMarketCap data shows a total 24-hour trading volume of $103 billion. Bitcoin is still by far the largest crypto by market capitalization. It has a 65.3% dominance in the market after dropping significantly in January amid growth in the altcoins park.

Bitcoin is struggling to hold the price above $9,200 and maintain the consolidation movements until a breakout is made possible. However, the bears are increasing the intensity of the tug of war, with their aim at $9,000. Upward corrections have become increasingly difficult especially after Bitcoin bulls failed to sustain gains above $9,600.

Ethereum's tug of war between the bulls and thebears is gaining traction fast. Will it be $200 or $170?. The price is teetering at $188 after adjusting from an intraday low of $187. The short term trend has a bullish bias but the shrinking volatility signals that upward movement could still be limited.

Ripple price is the most bullish compared to Bitcoin and Ethereum. The bulls are working hard to correct the 1% loss suffered on Tuesday. Also, theirmain mission is to keep the price above $0.25. Previous attempts to correct above $0.26 have been futile. If the support at $0.25 gives in to the selling pressure, XRP could spiral to test support at $0.24 and $0.23, respectively.

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Sundance 2020: Into the Deep Review: A frightening look inside the mind of a madman – AIPT

Documentaries about killers do not seem to have the impact they once did. It is not that they do not affect audiences in the same way. It is more about their being so much to compare them to. There are so many documentaries, docu-series, series, and podcasts about true crime, it is almost pointless to watch any of them.

Into the Deep from Netflix stands out from the rest of them. Director Emma Sullivan accidentally falls into one of the most intriguing stories on the streaming channel. Sullivan was filming a documentary about Swedish inventor Peter Madsen. As she was making her film, Madsen becomes involved in a missing person investigation that puts all of Sullivans footage into a fascinating new light.

From a technical standpoint, Sullivan does an excellent job. Forgoing a linear retelling of events, the director decides to go back and forth between what had been shot previously and new footage following the disappearance of a journalist last seen on submarine built by Madsen. It is a fantastic choice, as it gives insight into all the people involved in the unfolding drama.

Into the Deepbegins with those who had volunteered to work with Madsen (the inventor had built three submarines and was working on a rocket ship) anxious that Madsen and Kim Wall the journalist had gone missing. When Madsen is found, the volunteers are happy, even after it has been reported there is no trace of Wall on the sub. The audience can immediately tell there is a deep admiration for Madsen.

Sullivan does a magnificent job of telling the story. By going back in time,Into the Deepshows the giddiness and fun in working with Madsen. There is a palpable sense of excitement and Madsens braggadocious attitude only adds to the environment. While there is never a reason to believe Madsens plan of becoming the first amateur astronaut could realistically succeed, it is entertaining watching the team try.

This is juxtaposed by the events of the present. Those who once looked up to their eccentric boss are in a much more somber mood. Some look to justify what has happened while others reflect back. Even those who had issues with Madsen refuse to believe he did anything wrong.

As more clues (and body parts) are found, Madsens story about the rendezvous between the two changes. As it becomes harder to explain away what has been done, Madsens former workers become frustrated then angry before they feeling guilty about what has occurred. It is a fascinating character study that is made all the more intriguing since what the viewers are seeing real emotions.

Making the viewing experience more tense is how Sullivan has less time pass between the past and the present as Into the Deepprogresses. The documentary oscillates between two finales creating a feeling of anxiety even for those who are familiar with the story. This leads to a chilling ending that is satisfactory from a filmmaking standpoint, but incredibly difficult to watch.

Into the Deepis a disturbing documentary. Director Emma Sullivan almost makes two movies. The first is about an unconventional genius who does things his own way while the other is a murder mystery with twists and turns. Together they form an excellent study about guilt, loyalty, and the human mind.

In an age when documentaries about killers are a dime a dozen, this one still stands out. Genuinely frightening and worth your time.

Unique way to tell events adds tension to story and depth to characters

Impossible to turn away from

Chooses not to use subtitles at times when they are needed

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How three minds of the body Brain, heart and gut, work together for producing Happiness – Thrive Global

Sincedawn of civilization, humans have always expressed love, feelings and emotionalpain coming from the heart and basic feeling or intuition coming from thegut. Hence the expressions broken heart,gut feeling, etc. has been used in describing emotions. Rationalists andscientists have scoffed at these expressions saying they are only metaphors, butrecent researches suggest that they may have scientific explanations.

Itseems both heart and gut have a mind of their own and besides communicatingwith the brain about their activities they might also be helping in braindevelopment, reducing depression and just increasing the level of well-being ofa person and happiness.

The GutMind

On an averagea brain has nearly 100 billion neurons and is the seat of all our thinking [6].The gut (digestive system of the body) has close to 500 million nerve cells and100 million neurons and is almost the size of a cats brain [1]. Not only does thegut talk with the brain chemically (by releasing chemicals which are thentaken to the brain by blood) but also by sending electrical signals via the vagusnerve. Vagus nerve is one of the longest nerves inside the body whose centralpurpose is to relay the information and status of internal organs like gut andheart to the brain [5] and vice versa. It is a communication highway for allinternal organs. It starts from the head and after going through all the organsends near anus.

Most ofthe gut neurons are used in the daily grind of digestion [2]. Gut system is anextremely complex chemical processing machine which breaks down the food,absorbs nutrients and moves the waste down (via muscular contraction) towards anusfor expelling it. Thus the autonomous nervous system of gut allows it to workindependently of the brain.

Neverthelessrecent researches have revealed that there is a tremendous amount ofinformation flow from the gut to the brain via the vagus nerve and this flow ismostly one sided almost all of it is from the gut to the brain and not theother way around [2]. This is how itshould be since gut works continuously whether we are aware of it or not.

Thereverse interaction (from the brain to the gut) is when we get hunger pangs andthe brain tells the body to get food or when something goes wrong in the gutlike pain or diarrhea, necessitating medicines for its cure. Sometimes thesesignals go haywire. For example even if there are hunger pangs the brainoverrules the gut and this leads to Anorexia!

Recentscientific evidence also suggests that a big part of our emotions are probablyinfluenced by the chemicals and nerves in the gut. For example 95% of bodys Serotonin is foundin the gut [2]. Serotonin is an important neurotransmitter which is a wellknown contributor towards feelings of well being. Sometimes it is also called ahappiness hormone.

Similarly researches have found that a bacteria-free gut in early childhood leads to adults with less anxiety and general cheerfulness. Interestingly the effect of early childhood gut bacteria has the maximum impact on the developing brain and peters off by the age of 2-3 years just when the brain expansion also starts slowing down. Recently scientists have also discovered that the genesis of Parkinsons Disease is in gut [7]. Keeping gut clean and healthy produces a healthy brain.

Apparentlythe ancients knew something about the gut-brain connection. Hence the colon cleaning process of Ayurveda (includingenema etc.) or gut wrenching exercises of Nauliin Hath Yoga help in cleaning the gut thereby increasing the feeling ofwellness. Similarly the yogic exerciseof Mayur Asana,where the body is balanced on the navel and this pressure on itstimulates the vagus nerve, helps improve the brain-gut connection.

Thereare also many instances of people experiencing extrasensory perception (ESP) orclairvoyance after colon cleansing has taken place. One of the reasons for thiscould be that a clean gut frees its neurons to help the brain increase itsprocessing power. This extra neural power may help the brain process moreinformation and help it in Samadhi orSanyam. In nature every process hasmultiple uses. Though the gut neurons are used most of the time for gutactivity, they also interact with the brain via the vagus nerve.

InPatanjali Yoga gut occupies the center of body-universe! It says that by Sanyam on navel (Nabhi,gut etc.), a yogi gains the knowledge of the constituents of the body!

The HeartMind

Heartis one of the most important organs of the human body. Life starts when itstarts beating (21 days after conception) and ends (clinical death) when itstops. Heart has nearly 2 billion muscle cells and 40,000 neurons. The heart neuronsare very few in number compared to those in the brain (100 billion) or gut (0.1billion). Nevertheless these neurons transmit hearts signals and its conditionto the brain.

Theheart-mind interaction takes place both by electrical signals (via the vagusand the spinal chord nerves) and through chemicals (heart is an endocrine glandalso).

Recentstudies have shown that heart sends signals to the brain that are not onlyunderstood by it but also obeyed. Scientists have discovered neural pathwaysand mechanisms whereby input from heart to brain inhibits or facilitates brainselectrical activity just like what gut is capable of doing. Thus both gut and heart mind help in overallthought process and creating well-being.

Besidesthe electrical signaling, heart is also an endocrine gland releasing peptides whichhelp in blood pressure modulation and improving the functioning of kidneys [3].These peptides also stimulate the pituitary gland thereby helping it to releasehormones like oxytocin commonly referred to as love or bonding hormone.Oxytocin also helps in increasing the well being of a person. This could be thebasis of saying that happy feelings emanate from the heart!

Neverthelessthe point of interest is the rhythm patterns of the heart which result when twobillion muscle cells are triggered by AV and SA nodes which are like electricalswitches. These nodes which are inside the heart send electrical signals to theheart muscles for contraction and are one of the most important organs of theheart. When they do not function properly the electrical signals to the musclesgo haywire and the heart starts to flutter. A pacemaker attached to these nodesstreamlines the signals and can restore the proper working of the heart.

Thespeed of heartbeat or its contraction changes depending upon our emotions. Forexample when we are aroused either by passion or anger then the heart speeds upand in more quiet times or in meditation it slows down. This electrical inputto the AV and SA nodes from the brain comes via the vagus nerve and isreflected in the ECG patterns of the heart.

Pranayamaor breathing exercises can stimulate the vagus nerve and this could have a verybeneficial effect both on the heart and gut. Similarly the chanting of mantrasor deep throat singing as practised by Buddhist Lamas also stimulates the vagusnerve. It has been shown that this stimulation helps in reducing blood pressureand improves the rhythm patterns of the heart. The neural information from boththese activities facilitates the cortical function and the effect is heightenedmental clarity, improved decision making and increased creativity.

Similarlythe stimulation of the vagus nerve helps the gut to perform better and improvesthe cleaning process of the colon. For example the ancient Indian custom ofapplying pressure on cheeks by fists while sitting on toilet seat helps in thebowel movement. The pressure on cheeks stimulates the vagus nerve since itsbranches pass through the face. This could also be the basis of childrenscheek pinching by adults!

Recentlyscientists have also discovered that heart is involved in the processing anddecoding of intuitive information [4]. Tests done on the subjects showed thatthe heart appeared to receive the intuitive information before the brain. This could be the basis of saying Follow youheart and you will never go wrong.

Thisbrain/heart interaction was also known to the ancients. In Patanjali yoga it is written that by Sanyam on the heart a yogi acquires thecomplete knowledge and contents of his mind.

Thus in order to produce deep thought which helps in producing happiness and improving the well-being of a person [6], it is necessary that the gut and heart brains work together with the main brain. When all of them work together harmoniously then it creates a healthy body and a powerful mind.

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Bundle up, breathe deep and enjoy the fitness, emotional benefits of winter activities – Kokomo Perspective

Physical fitness provides countless health benefits.

Step outside for fresh air and breathe in the sense of well-being becomes apparent. Merge the two, and health experts say you have a powerful combination that offers long-lasting benefits.

Heading outdoors for physical activity not only does the body good, it also can be instrumental in preventing disease and boosting your mood, especially on dreary winter days.

Studies have shown outdoor sessions can lower blood pressure, boost the immune system and reduce cancer risk.

Local experts weigh in on some of the additional benefits of outdoor activities, as well as some ideas on how to connect with nature.

Out or in

Walking offers a host of health benefits, but does it matter whether you walk outdoors or indoors?

Khisha Anderson, coordinator of the Well Walkers Club at St. Catherine Hospital in East Chicago, says walking in any environment can help reduce blood pressure, lower bad cholesterol and improve heart health. But walking outdoors can provide a key aid to maintaining a fitness routine.

The main benefit to walking outside versus a treadmill is atmosphere, Anderson said. People are not as focused on the duty of exercise, watching the timer or mileage.

Instead, when outdoors, people tend to be more attentive to their surroundings taking their mind off their exercise routine.

It provides people the opportunity to smell the roses and enjoy their exercise, she said.

Debi Pillarella, director of bariatric services at Community Healthcare Systems Healthy 4 Life Advanced Weight Loss Center, says even when its cold, getting outside can create feelings of revitalization, reduce tension and increase energy.

You may even burn more calories simply by choosing an outdoor activity versus an indoor activity.

When getting outside when the mercury is dropping, the body works to keep itself warm, and the result is burning more calories, she said. Cold outdoor temperatures are said to activate brown fat, which helps the body heat up and stokes the bodys metabolism.

Theres also no cost to walk or participate in many activities outdoors, Anderson said.

Walking can be done anywhere, at any speed, by anyone, and its free, she said.

Effect on health

Heading outdoors offers several benefits to the body, and overall, can improve a persons sense of well-being, says Michelle Kelleher, a fitness instructor and trainer at the Purdue Northwest Westville Fitness Center.

When we go outside and connect with nature, it helps us connect to ourselves something that can change a day around, she said. This simple act of taking a walk outside also helps improve our overall well-being. Feeling connected and getting fresh air is a winning combo.

Especially in the winter, when the cozy blanket beckons, getting outside is important, says L.J. Mattraw, wellness manager with Franciscan Health Fitness Centers.

Being outdoors is a great way to improve your mood, he said. Physiologically, serotonin levels are usually lowest in the winter. Going outside and getting some sunlight is a great way to increase those levels and put you in a more positive mood.

Research also suggests that vitamin D levels drop in the winter, Pillarella says. Vitamin D helps the body absorb calcium and promote bone growth.

Typically in the winter, we cover our body with warm clothing, compared to the summer, which results in less exposure to the sun where our body gets UVB rays, which limit vitamin D synthesis.

Even a 10-minute daily walk can help prevent vitamin D levels from decreasing, Mattraw says.

Grabbing a friend or workout buddy also can promote accountability and long-term lifestyle changes, Kelleher says.

Setting aside specific times to get outside might also be helpful to make it a natural routine, such as going for morning walks or going in the evening after dinner, she said.

Daily physical activity, particularly outdoors, boosts an individuals circadian rhythm, hormones and neurotransmitters, Kelleher said.

By improving our physical health, our mental, emotional and spiritual well-being improve, too, helping us to stay in balance and centered, she said.

Ideas for outdoor activity

The Centers for Disease Control and Prevention recommend that adults get at least 150 minutes of moderate exercise per week.

If walking, a daily goal should be at least 10,000 steps, which is the equivalent of about five miles, Anderson said.

Going for a peaceful stroll, playing with your kids or taking an outdoor meditation class could greatly uplift your day, Kelleher said. Qigong and yoga are both great options. Dancing in the rain isnt a bad idea either.

After a snowfall, head outside for cross-country skiing, sledding, snowboarding and snowshoeing opportunities, Pillarella says. Many local parks, including the Indiana Dunes National Park, offer opportunities for winter activities.

Even making snow angels, building snow forts or participating in snowball fights can burn calories, she says.

Finding a fun activity is key and will make an outdoor activity something to look forward to, Pillarella says.

If its fun and enjoyable, its more likely to become part of your world, she said.

Take care

Though time spent outdoors is encouraged year-round by health advocates, Anderson says its important to keep in mind some precautions to ensure safety.

When walking outside during anytime of the year, especially winter, be mindful of the terrain, she said. Dress in layers when the weather is cold. You can take outer layers off as you warm up.

Drinking water is also critical, she says.

Hydration is just as important in the winter as it is in the summer, Anderson said.

Proper clothing is also key not only for comfort, but safety as well, Kelleher says.

To walk outside in the winter months, one must be prepared with snow pants, hats, coats and gloves, she said. Scarves and face masks are also beneficial.

Pillarella stresses the importance of looking at overall lifestyle changes and incorporating healthful behaviors such as getting outdoors into your routine throughout the day.

The numbers dont lie, and we really need to heed the advice of the experts and realize that although exercise is super important and highly recommended, its what you do when youre not formally exercising that really counts, she said. If you do a formal workout for an hour, but sit the rest of your day, you might be at risk for the active couch potato syndrome.

Studies have shown even among people who exercise regularly, those that exhibit an excessive sedentary behavior are at a higher risk of diseases and death, she said.

Its pretty simple the evidence is clear that the more physically active we are, the more health benefits and disease risk reduction we have, Pillarella said.

Slideshow: Outdoor winter fitness options in NWI

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Do this 1 thing before bed for greater happiness and success – Ladders

How do you end your day? We pay so much attention to our morning habits, but finishing the day on a positive note is just as important when it comes to our well-being and success. And if youre going to implement one change to your nighttime routine, try journaling before bed to experience greater happiness and success.

Journaling at the end of the day gives you an opportunity to reflect on the day, says certified life coach Miruna Nica. It gives you the benefit of relaxing in a moment of introspection and seeing the highlights of your day with more clarity.

Studies have shown the practice can even help you sleep better. Journaling before bed also sets you up for success the next day, allowing you to clear your mind, celebrate wins, note areas of improvement and check in with your goals. Tools like the Five-Minute Journal make it easy to adopt a journaling habit, but you can also create your own routine and go more in-depth. Heres everything you need to know to get started.

According to Nica, journaling before bed will help you develop more self-awareness, learn from your experiences and find peace of mind. The more you review your decisions and actions on a daily basis, the more youll be able to connect dots and notice how certain thought patterns affect your reality. You can also evaluate what went well, what didnt go so well, and what kind of insights you can take away from your experiences so you can improve in the future. Finally, you can release stress and get a sense of closure by expressing your thoughts without censorship.

As with any new habit you want to implement, Nica recommends starting with your why. Why would this be important to you? What is your intention with this practice? Perhaps its monitoring growth, encouraging self-expression or keeping track of your daily routines. Or maybe you want to write down your brilliant ideas or expand your self-discovery, she says.

Now that you have a better idea of your intentions, figure out what kind of approach would work for you. Once your why is clear, jot down your what: Would your journal be more like an open book with blank pages to be filled with whatever is present for you at the moment or would it be more structured? Would you want to have categories in it? Then, implement and see happiness and success come in.

Be realistic about the amount of time you want to dedicate to your evening journaling routine, and choose a place and time where youll be most likely to take the time to write in your journal.

Nica embraces a semi-structured approach in her own evening journaling routine. I answer the same questions every night and add my own twists for that day, she says. She recommends the following prompts:

She also suggests following your journaling practice with a moment of deep breathing and relaxation. Set the intention to slow down, let go, and have a peaceful and restful night of sleep. You can, over time, see the success and happiness happen.

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River guides don’t mind the rain – The Baxter Bulletin

John Berry Published 12:43 p.m. CT Feb. 6, 2020

John Berry(Photo: TLA Outdoors)

Wednesday morning, I woke up to the sound of the sump pump in my basement going off.

I immediately knew it was still raining. It rained all day Tuesdayand will rain all day (Wednesday). I went out to the garage to check on my two feral cats, Blackie and Maggie. They were curled up in their bed and showed no interest in going outside.

There was water standing in my side yard. My wife, Lori, said she was tired of the constant rain. My sister, Ernestine, sent me a message on my iPhone asking if it would ever quit raining.I dont know.

River guides dont mind the heavy rain so much. The reason is we have the best rain gear money can buy. We start with good rubber footwear. If it is really rainy, I wear knee-high muck boots. If it is lightly raining, I will wear L. L. Bean rubber low quarter shoes.

For the lower body, the garment of choice is bib rain pants. They keep your lower body dry even when your rain jacket is open. A pair of waders is a good substitute.

A good rain jacket is a must have. A hood, tight fitting cuffs and plenty of pockets (mine has nine) are necessities. I bought mine a size too large to fit over a couple of warm fleece layers.A ball cap with a long bill is nice to keep the rain off of your glasses.

The main thing that guides worry about is the water clarity on days like this. When we get heavy rain, a lot of sediment is washed into the river making it muddy. I saw photos of the Buffalo on Tuesday on Facebook that showed it was the color of chocolate milk. I assumed Crooked Creek was the same.

In fact, every creek emptying into the White and North Fork riversis running muddy. When we get conditions like this, the common wisdom is to go upstream until we find clean water. That means the water in the catch-and-release section below Bull Shoals Dam is still clean because there is just one creek emptying into the river on the Marion County side. Fortunately this section has been closed from Nov.1 to Jan.31 to accommodate the brown trout spawn. It has only been open for a few days, and there are still plenty of large trout there now.

The other thing that guides worry about is the rain water accumulating in the boat. In a heavy rain, the water can quickly rise to ankle deep or higher. This could be very uncomfortable for clients with low quarter shoes, and the additional water makes the boat heavier and less maneuverable.

I carry a water bailer in my boat so I can quickly toss the accumulated rain water out. One of my fellow guides has an automatic electric bilge pump in his boat. It makes a lot of sense to me.

Despite this, I am beginning to get concerned. If I did not already own a White River Jon boat, I would begin to build an ark.

John Berry is a fly-fishing guide in Cotter and has fished our local streams for more than 35 years. He can be reached at 435-2169 or http://www.berrybrothersguides.com.

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Bitcoin Has Erased Over 45% of 2019 Sell-Off in Just 7 Weeks – CoinDesk

Bitcoin is continuing to pile on the gains.

The number one cryptocurrency by market value rose to a three-month high of $9,859 during the U.S. trading hours on Thursday and was last seen trading at $9,801, according to CoinDesk's Bitcoin Price Index.

With the surge to multi-month highs,bitcoin has recovered a significant portion of the ground lost in the secondhalf of 2019.

Bitcoin's bull move from the April 2019 low of $4,100 topped out at $13,880 at the end of June. The bears seized control in July and ended up pushing prices to below $7,000 by the end of November.

December, therefore, began on a negative note with prominent analysts calling for a deeper drop to $6,000 or below on miner selling of the digital asset.

The decline, however, was cut short at the seven-month low of $6,425 on Dec. 18. Since then the cryptocurrency has risen sharply by more than $3,300.

The speed of the ascent has been impressive nearly 46 percent of the decline from $13,880 to $6,425 seen in the 25 weeks to Dec. 18 has been reversed in just seven weeks.

With the bulls in control and momentum looking quite strong, the cryptocurrency could soon rise into five figures.

The daily chart looks constructive with the cryptocurrency printing bullish higher highs and higher lows with each passing week.

Confirming the uptrend are the ascending five- and 10-day moving averages (MAs) and a bullish crossover of the 50- and 100-day MAs. The MACD histogram, meanwhile, is printing higher bars above the zero line, indicating a strengthening of bullish momentum.

Importantly, the market is showing no signs of bull fatigue. The 14-day relative strength index is yet to cross into overbought territory above 70 and the cryptocurrency continues to print solid green candles with small wicks, a sign there is no hesitation among buyers while pushing prices higher.

So, the odds appear stacked in favor of a rise to the October high of $10,350. Pullbacks, if any, could find take the support of the ascendingfive- and 10-day MAs located at $9,526 and $9,445, respectively.

Bitcoin has faced rejection near $9,850 two times in the last 24 hours. Another failure might see some buyers opting to take their profits, leading to a minor price pullback to $9,635 (horizontal support line). Acceptance below that level might bring in deeper losses toward $9,500.

Disclosure: The author does not currently hold any digital assets.

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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Exchange Deposits in Bitcoin Slide to Lowest Level in 3 Years – Coindesk

The number of bitcoin on-chain deposits has dropped sharply over the last six months, indicating a strong optimistic or HODLing, sentiment in the market.

The seven-day average of the number of transfers to exchange addresses, or unique daily exchange deposits, fell to 23,986 on Jan. 1. Thats the lowest level since November 2016 and comes after topping out at 58,925 at the end of June 2019, according to crypto analytics firm Glassnode. The number has since inched up to 27,289 as of Feb. 4.

Notably, the count of deposits dropped by 60 percent in the second half of 2019 even as prices collapsed from $13,800 to $6,425.

During violent price drops, investors usually move their coins to exchanges to sell them in the market. However, investors held onto their coins during the second half of 2019 despite the price slide.

It indicates increased HODLing, a sign of strengthening belief in the long-term viability of the cryptocurrency, according to Ashish Singhal, CEO and co-founder at CRUXPay and CoinSwitch.co.

HODLers are not in it for a get rich quick mentality and are now less fazed by micro factors that previously led to an exodus or panic sell, Singhal told CoinDesk.

Nicholas Pelecanos, advisor to NEM Ventures, sees the slowdown in trading and on-chain transaction volumes as indicative of a not-so-healthy market in the short-term.

A divergence between on-chain transaction volume and price appreciation has typically been a bearish signal, Pelecanos told CoinDesk.

Bitcoins price rallied by 30 percent in January, diverging higher from the the count of transfers to exchange addresses, which remained near multi-year lows hit on Jan. 1.

Although the number of transfers to exchanges declined, the number of transactions recently saw an upswing along with price. The seven-day average of transactions jumped rose from 290,200 on Jan. 6 to a three-month high of 324,745 on Feb. 3.

That investors hoarded coins in January amid a price rally suggests strong bullish sentiment among investors; if they had doubted the sustainability of the recent price gains, they would have moved their coins to exchanges to sell them at market price, leading to a rise in exchange deposits.

Exchange deposits may rise after halving

Bitcoin will undergo mining reward halving in May 2020. The process aims to curb inflation by reducing rewards per block mined by 50 percent. When it occurs, the block rewards will drop to 6.25 BTC from the current 12.5 BTC.

Bitcoin has picked up a bid ahead of the supply-cutting event. The cryptocurrency is currently trading at $9,400, representing a 46 percent gain on Decembers low of $6,425.

Connor Abendschein, crypto research analyst at Digital Assets Data, expects exchange deposits to rise should the price of the cryptocurrency continue to do so ahead of the halving and in the following months. Thats because some investors may decide to book profits, he said.

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Bitcoins Crucial Weekly Close Will Determine Whether It Enters a Real Bull Market – newsBTC

After facing a series of micro-rejections at just over $9,800 throughout the day yesterday, bulls were able to maintain Bitcoins position within the upper-$9,700 region prior to its daily close and were able to defend against an overnight selloff that led BTC down to lows of $9,600.

Bulls current strength appears to be on the cusp of reaching a boiling point, as the crypto is now attempting to gain a solid foothold within the $9,800 region.

Importantly, tomorrows weekly close may be one of the most important it has ever seen, as how it responds to a few key levels could determine its fate for the rest of 2020.

At the time of writing, Bitcoin is trading up nominally at its current price of $9,800, which marks a slight climb from daily lows of just over $9,600 that were set late yesterday evening, and only a minor decline from highs of $9,850.

Over the past couple of days, Bitcoin has been struggling to push past this current price level, and its bout of sideways trading here suggests that the resistance between $9,800 and $10,000 could prove to be insurmountable.

Crypto Birb, a prominent cryptocurrency analyst on Twitter, explained in a recent tweet that he believes Bitcoin is going to give us dips to buy next week, which seems to elude to the possibility that the crypto will see some intense volatility next week.

One factor that could catalyze significant near-term volatility is the fact that Bitcoins weekly close tomorrow is arguably one of the most important it has seen.

Teddy a prominent cryptocurrency analyst on Twitter spoke about the importance of this weekly close in a recent tweet, explaining that a close above $10,000 would mark the first higher high in nearly 200 days, which would be incredibly bullish for its mid-term trend.

BTC: This is arguably one of the most important weekly closes, it will define the coming short/medium trend Testing a multi month support now resistance, defining the current range currently above it Would mark first higher high in nearly 200 days 10k, he explained.

How Bitcoin trends in the next 48 hours will offer unparalleled insights into the long-term significance of the uptrend it has seen throughout the past five weeks.

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Bitcoins Crucial Weekly Close Will Determine Whether It Enters a Real Bull Market - newsBTC

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