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      "author": "neerajkr03",
      "body": "<div class=\"text-justify\">\n\nWelcome to Steem!\n\nSteem blockchain community rewards original content. Would it be possible for you to cite the source of the image?\n\n<hr>\n\nThere are many growing communities here that you may want to join, here is the [latest list](https://steemit.com/hive-133716/@randulakoralage/list-of-steemit-communities-categorized-by-their-subjects-v3) of communities prepared by randulakoralage.\n\nFor general information about what is happening on Steem follow @steemitblog.\n<hr>\n\nHere is a post that explains everything steps by steps that will help you understand more about Steemit ecosystem, wallet security, Newcomers Achievement Program, list of tutorials, how to use tag in your post, how to claim your reward, how to exchange SBD to Steem, and many useful information. [Click here](https://steemit.com/hive-172186/@cryptokannon/notice-board-of-newcomers-community-updated-13-4-2021) to view this post.\n\n<hr>\n\n<div><p>There is a set of achievements prepared by <a href=\"/cryptokannon\">cryptokannon</a> for new comers.</p>\n<ol>\n<li><p>First go to <a href=\"https://steemit.com/trending/hive-172186\">New Comers Community</a></p></li>\n<li><p>Read <a href=\"https://steemit.com/hive-172186/@cryptokannon/achievement-tasks-resources-and-materials-newcomers-retention\">this </a> summary about achievements.</p></li>\n<li><p>First achievement is a self introduction. <a href=\"https://steemit.com/hive-172186/@cryptokannon/achievement-1-mentor-by-cryptokannon-verification-through-introduction\">THESE are  the rules</a> for the post.</p></li>\n<li><p>Likewise, you can do all achievements. You can learn about steemit related things and get rewarded as well.</p></li>\n</ol>\n\nRegards,\n@neerajkr03\n</div>\n\n</div>",
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{
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      "author": "elmoktadi",
      "body": "Within two hours of the State Council statement, BTC fell 11%, based on CoinDesk 20 data.\n\nIt has been a low-volume Friday to cap an up-and-down week for cryptocurrencies. News out of China had traders hitting the sell button during a two-hour dump before the selling leveled off.\n\n* Bitcoin (BTC) trading around $36,224 as of 21:00 UTC (4 p.m. ET). Losing 9.7% over the previous 24 hours.\n* Bitcoin’s 24-hour range: $36,224-$42,163 (CoinDesk 20)\n* Ether (ETH) trading around $2,363 as of 21:00 UTC (4 p.m. ET). In the red 15.5% over the previous 24 hours.\n* Ether’s 24-hour range: $2,363-$2,929 (CoinDesk 20)\n\nBitcoin slips as volume evaporates\n\n\n![image.png](https://cdn.steemitimages.com/DQmcExT4shtVyAMfpUdXoYY2URU4poyjfuJSTwGLXe6RYY4/image.png)\nBitcoin’s hourly price chart on Bitstamp since May 18.\n\n\nBitcoin, the world’s largest cryptocurrency by market capitalization, was down 9.7% as of press time Friday. BTC was below the 10-hour moving average and the 50-day, a bearish signal for market technicians. \n\nAccording to spot data from Bitstamp, BTC is headed for its second straight week declining 20% or more, on track for a 37% decline over the two-week period, on a par with March 2020’s market bloodbath. \n\nThe main catalyst for the move down Friday was a statement from a China’s State Council on BTC: “We should crack down on bitcoin mining and trading activities and prevent individual risks from being passed to the whole society.”\n\nWithin two hours, bitcoin fell from $41,454 around 14:15 UTC (10:15 a.m. ET) to as low as $36,880, an 11% decrease, based on CoinDesk 20 data. Bitcoin is still falling, at $36,224 as of press time. \n\n“I expect BTC/USD to range around $38,000 for a while,” said George Clayton, managing partner at investment firm Cryptanalysis Capital. \n\nAfter a 2021 record volume day for bitcoin on Wednesday, Friday is shaping up to be a downer heading into the weekend. At around $4 billion Friday, volume has decreased 75% decrease from $16 billion in volume on Wednesday, based on CoinDesk Research’s data on eight major spot bitcoin exchanges.\n\nAnticipating consolidation\n\n\n![image.png](https://cdn.steemitimages.com/DQmUfhG2ofJqtN3Pg5YpJ6KXgVQcz1GVCHFE1U2dfwfAze7/image.png)\nBitcoin volumes on major venues the past month.\n\nNeil Van Huis, director of sales and institutional trading at crypto market maker Blockfills, says “consolidation,” a period of low volume and subsequent price discovery due to lack of liquidity, might be a market factor this weekend. \n\n“I’m anticipating some consolidation where markets may have previously broken out from,” said Van Huis. “I think the market appears to be digesting the move down in a very fair fashion and we will soon know what it wants to do next.”\n\nBitcoin options traders don’t know what to do with $50K\n\n\n![image.png](https://cdn.steemitimages.com/DQmXiXgV7x4yHZfrKrNzrgaWkk77xfgTMfhKJYPve3udEQW/image.png)\nBitcoin options open interest by strike.\n\nIn the bitcoin derivatives market over 16,700 BTC is centered on a $50,000 strike price, the highest open interest. However, the split between puts and calls is almost even. A put is a right but not an obligation to sell an asset while a call is the right but not an obligation to buy an asset – both within a specific time frame, known as expiration. \n\nIt’s an intriguing development because bitcoin has not been at the $50,000 price level in over a week and it’s possibly a sign smart options traders are taking both sides of the trade at that level.\n\n“The open interest doesn’t indicate directionality,” noted Vishal Shah, founder of crypto derivatives exchange Alpha5.\n\nETH volatility up\n\n\n![image.png](https://cdn.steemitimages.com/DQmTT42Ja3fHiz9CuiPCr9u6cZJyJo2uPcNf48VeAAfRW6X/image.png)\n30-day volatility for ten major CoinDesk 20 assets.\n\nSince the beginning of April, 30-day volatility for 10 brand-name crypto assets on the CoinDesk 20 have all climbed, including bitcoin. However, it is ethereum classic (ETC) and ether that are in the stratosphere of wild price gyrations. Both assets have over 30-day volatility at 250% as of closing data from Thursday. \n\n“The part that stands out the most is that volatility has exploded recently, with many assets experiencing over 200% realized, which is huge,” said Rich Rosenblum, president of crypto market maker GSR. “Then, at the same time, BTC volatility is elevated vs. its lull a few weeks ago, but certainly muted relative to the rest, staying at under 100%.”\n\n\n![image.png](https://cdn.steemitimages.com/DQmVBiEzinRmkjS2KvB5WhH2qgqXahknDDfRKrNb8QmULna/image.png)\nDeribit’s “DVOL” index for ether the past month.\n\nGreg Magadini, chief executive officer, Genesis Volatility, noted that ETH’s “DVOL” metric, which is a volatility measure similar to traditional markets’ VIX and tracked by options exchange Deribit, is up to 180. It’s record high was Thursday, at 190. He says realized volatility, which is derived from analyzing historical returns, is now priced into the market. \n\n“Although we’ve come down from peak realized volatility seen in the past few days, over +300%, volatility is known to cluster,” said Magadini. “The options markets are pricing in over +100% implied volatility for all expirations and about 150% for near-dated options.”\n\nEther dominance dumps\n\n\n![image.png](https://cdn.steemitimages.com/DQmYmS9MNRKJWqucXHvwjkeEwt3K4z8Zxstr3ugwsXe92hy/image.png)\nEther’s hourly price chart on Bitstamp since May 18.\n\nEther, the second-largest cryptocurrency by market capitalization, was trading around $2,363 as of 21:00 UTC (4:00 p.m. ET), slipping 15.5% over the prior 24 hours. The asset is below the 10-hour moving average as well as the 50-day, a bearish signal for market technicians. \n\nEther dumped from $2,740 around 14:15 UTC (10:15 a.m. ET) to $2,426 by 16:15 UTC (12:15 p.m. ET), a $314 decrease based on CoinDesk 20 data. ETH is still slipping, at $2,363 as of press time. \n\nNick Mancini, research analyst at crypto sentiment analytics platform Trade the Chain, says major blockchain assets like bitcoin and ether are still seen positively, despite recent price dumps and volatility jumps. \n\n“Going forward, long-term sentiment scores for most crypto, especially bitcoin and ether, are still high, in the 70s, despite all of the recent turmoil,” Mancini. “which means the bullish thesis remains intact.” \n\nThe bullish thesis may be holding overall, but traders have clearly been losing some interest in ether versus other cryptocurrencies. Ether’s dominance, its share of the greater cryptocurrency market, has started to drop. After hitting a 2021 high of 20.61% May 15, ETH dominance has started to falter, below 18% share and down 2% the past 24 hours as of press time.\n\n\n![image.png](https://cdn.steemitimages.com/DQmRs5FrqLYJc3v6oCFncomjVwhQ9VmnpGc3PoRGR1T8yy5/image.png)\nEther’s market dominance in 2021 so far.\n\n\nSource : COINDESK",
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      "body": "![image.png](https://cdn.steemitimages.com/DQmcHc59bjzVMuuUF2oBgCopSqosDatMs9CpodF6yCyGVFt/image.png)\n\n\nThe U.S. Treasury said the Biden administration’s proposal to strengthen tax compliance includes a requirement for transfers of at least $10,000 of cryptocurrency to be reported to the Internal Revenue Service.\n\n“As with cash transactions, businesses that receive cryptoassets with a fair-market value of more than $10,000 would also be reported on,” the Treasury Department said in a report on tax-enforcement proposals released Thursday.\n\nThe Treasury said that comprehensive reporting is necessary “to minimize the incentives and opportunity to shift income out of the new information reporting regime.” It noted that cryptocurrency is a small share of current business transactions.\n\nThe IRS in 2020 added a line about cryptocurrency on the Form 1040, the individual tax return, in an effort to gain more visibility into virtual currency transactions.\n\nPresident Joe Biden’s administration is also calling for banks to report on account flows to help boost tax-payment compliance.\n\n“Cryptocurrency already poses a significant detection problem by facilitating illegal activity broadly including tax evasion,” the Treasury said.\n\nSource : BloombergQuint",
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      "body": "![shib.PNG](https://cdn.steemitimages.com/DQmReTHjYzUYYSD8Us46xrgWJZqcaLesswu5yEWjRCUx7Y8/shib.PNG)\n\n\nShiba Inu (SHIB) also known as Shiba Token is currently the highest growing Cryptocurrency among the top 100 coins. As per the Shiba Inu website, the SHIB coin and network is an experiment in decentralized spontaneous community building.\n\nThe creators of SHIB have major goals with the SHIB project and are currently working on marking a Non-fungible Token(NFT) network. It is hosted on the Ethereum Blockchain and is one of the most passionate cryptocurrencies today.\n\nThe Shiba Inu has been called 'Dogecoin Killer' by its community. This cryptocurrency has quickly gained worldwide attention, in part because of the rising popularity of Dogecoin .\n\nThe Crypto market is a very volatile and unpredictable one, and usually, cryptocurrencies that have no reason for being on top and often get pumped up.\n\nAs of 13 May 2021, a total of 394.796 trillion Shiba Tokens were in circulation, with the market cap sitting at $7.03 billion.\n\nWhy is Shiba Inu rising?\n\nShiba Inu coin prices have towered recently. The coin price towered after Binance started offering the coin.\n\nFurther, Shiba Inu has risen because of the popularization of the currency. Many social media influencers have continued to promote it on the platforms, Ethereum founder Vitalik Buterin donated $1 billion in SHIB to the India Covid Relief Fund.\n\nThe Shiba Inu token was listed on 13th May by the Mumbai-based WazirX exchange, which is owned by the giant cryptocurrency exchange Binance. Soon after the listing, Shiba Inu's price rose.\n\nIs Shiba Inu a good investment?\n\nIt is hard to predict whether the currency will continue rising or whether a reversal will happen. Besides, we have seen many pumps and dump schemes in the market before.\n\nAccording to the Digitalcoin data predicted, the price will increase in the future and it is a profitable and cheap investment. The token’s price is low, it allows users to hold billions or trillions of them. But again do not invest all of the savings in Bitcoin , it wouldn’t be wise and do your own research before investing any.\n\nWhile buying may be risky, it may be even riskier because you can lose more money than you invested.\n\nAccording to Coinmarketcap numbers, Shiba Inu grew by more than 120% in the last 2 days. And almost 1,970.57 % in the last 1 week.\n\nThe Shiba Inu Coin (SHIB) has been trending in the crypto community over the past few days. Ever since the hype behind Dogecoin died down a bit, many new crypto enthusiasts are busy promoting the Shiba Inu Coin.\n\nThe coin has been made just to earn money, with no underlying value behind it. Such coins can lose their value very fast if the market loses trust in them.\n\nPeople should be suspicious before investing in coins like Shiba Inu, Safemoon, etc, as these can bring quick profits but can also leave you with huge losses if they crash.\n\nHowever, Shiba Token can be exchanged on WazirX, Binance, CoinDCX, ShibaSwap, etc. Binance is currently the most active market trading it.\n\nDo share and upvote. Thank you.",
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      "body": "Cryptocurrency which are known to be digital tokens have exploded both in price as well as the interest they have been seeing of late amid the pandemic. As per reports, some of them have seen an interest even more than India's most sought out investments such as Nifty, Sensex and mutual funds for that matter.\n\n![image.png](https://cdn.steemitimages.com/DQmNgE7W7j2R78QnP3orqS6h1L6TKSudaewsepCZjN4ozHM/image.png)\n\nEthereum (ETH): Ethereum cryptocurrency over the weekend witnessed rout following Elon Musk's tweet saying bitcoin cannot be used for purchasing its Tesla electric vehicles. On the Coindesk, ETH is last seen trading at $3463, a positive change of 2 percent in the last 24 hours. Also referred to as ‘dwarf Bitcoin, the Ethereum cryptocurrency has the potential to double from here and this seems to be the consensus. Long term outlook for ETH is bullish. Ethereum which was priced close to $250 not so long ago spiked to an all time high of $4362 in early May.\n\n![image.png](https://cdn.steemitimages.com/DQmQTZpjMCVLUA4LbNHgkfarhHjfRTVGdFySbGk1SVAF8rg/image.png)\n\nBitcoin (BTC): The mind-boggling rally in bitcoin which took everybody by storm has of late come to a halt and this together with diversion of funds into other cryptos such as Ethereum, Dogecoin etc. has resulted in record outflows last week. As per the CoinShares digital currency manager the outflows totalled at 98 million, or 0.2% of total assets under management. In mid-April this year, BTC hit a record high of just below $65,000 and last was trading at $45,005 as per Coindesk site, a fall of a tremendous 30 percent.\n\n![image.png](https://cdn.steemitimages.com/DQmdoRjGC5F3fqRKWcVpYv5zJdBubA4D7xZZGW5UBbcnMdn/image.png)\n\nThis crypto is gaining big today even as there is marginal gains seen on the bitcoin of just over 1 percent. Also, there are rising concerns on the inflationary front in the US that continue to persist. When writing this report, Ripple was priced at $1.54, with a daily gain of over 8 percent but soon shed its gain to just over 4 percent to $1.51. Germany: Bitcoin is legal in this European nation. Bitcoin ETP or Exchange Traded product was listed by a Germany-based investment product provider Iconic funds on Deutsche Boerse's Xetra market on May 12. Singapore: Asia's largest DBS Bank Singapore is offering its HNI clientele (private banking customers) to invest in cryptocurrencies namely Bitcoin, Ether, Bitcoin Cash, and XRP. US: After having invested $200 or $A257 into shiba inu coin (SHIB) cryptocurrency, New York based siblings turned into millionaires. Shiba inu coin is a spin-off of Dogecoin and both of these digital assets were initially launched as jokes.",
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      "body": "![btc.PNG](https://cdn.steemitimages.com/DQmYxReF5psQmQEQMww1akWDz5rkb3Qxopiy2wbNx8Wbaas/btc.PNG)\n\n\nwe've seen the price of the Bitcoin keeps dropping since the last weekend. A huge corrective movement since the $59000 toward the $44000 which is pretty significant and has affected the whole crypto market which we see the huge downfall of another altcoins since its peak. The majority think that this downfall is because of the Elon Musk's tweet about canceling BTC as the payment of Tesla .\n\nHowever, I don't think that the Elon's tweet will give a huge effect of the price action as well. We know that it may affects the movement of the Bitcoin in short term and may change the lower time frame momentum but for the bigger picture, he can't simply change the bias that the market has made easily. Remember, this is a $800 Billion market capitalization asset which I believe not a single person can change the majority bias for higher time frame.\n\nAnother proof is that we actually have seen the sign of potential drop since the May 11 when there was a confirmation of lower high structure as the validation of the Head and Shoulder pattern in the daily time frame. The confirmation of lower high and the right shoulder is the sign of losing momentum too. I personally am a technical maximalist and don't believe in the fundamental because it's fully manipulative action that becomes the media contents to drive the traffic to its own benefit. The higher time frame's bias may not change and if you see it from the technical perspective, it's legit and trusted.\n\nFor the short term, I do think that bitcoin is actually testing the major support at around $44000 zone and bear is looking exhausted as of now. There is a support trend line forming which is in alignment with the major support. A bounce is likely as the validation of the relief rally which can drives the price toward the upper resistance of $50000 or $55000. For longer term, it's still unbiased and neutral. We can see the lower level push in the mid - long term price action toward the support 2 which is around $30000 or even lower if the price breaks below current major support zone .",
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      "author": "steem.history",
      "body": "Hello welcome to Steemit world! \n I'm @steem.history, who is steem witness. \n This is a recommended post for you.[Newcomers Guide](https://steemitdev.com/guide/@steemitblog/steemit-a-guide-for-newcomers) and [The Complete Steemit Etiquette Guide (Revision 2.0)](https://steemit.com/steem/@steem.history/the-complete-steemit-etiquette-guide-revision-20-homage-1598425779) and, recommended community [Newcomers Community](https://steemit.com/trending/hive-172186) \n I wish you luck to your steemit activities.<center> \n \n \n https://cdn.steemitimages.com/DQmXHwdcNs5VPcBft1iSosPdHLpBNBfjuG84g3ffWhMw5JQ/image.png \n <sub>(The bots avatar has been created using https://robohash.org/)</sub> \n @steem.history \n \n ### My witness activity \n - [My aspiration for STEEM witness](https://steemit.com/hive-185836/@steem.history/my-aspiration-for-steem-witness-1601280729) \n - Provides information on Steem.  \n [Reference](https://steemit.com/trending/hive-130095) \n - Supporting the Steem project. \n [SPUD4STEEM project](https://steemit.com/trending/spud4steem) \n - Supporting the community. \n [Newcomers Community](https://steemit.com/trending/hive-172186),[Steem Sri Lanka](https://steemit.com/trending/hive-133716) ,[WORLD OF XPILAR](https://steemit.com/trending/hive-185836) \n \n ### My featured posts \n - [The Complete Steemit Etiquette Guide (Revision 2.0) -Homage](https://steemit.com/steem/@steem.history/the-complete-steemit-etiquette-guide-revision-20-homage-1598425779) \n \n [![image.png](https://cdn.steemitimages.com/DQmd7of2TpLGqvckkrReWahnkxMWH6eMg5upXesfsujDCnW/image.png)](https://steemlogin.com/sign/account-witness-vote?witness=steem.history&amp;approve=1) \n <sub>please click it!</sub> \n \n ![image.png](https://cdn.steemitimages.com/DQmWDnFh7Kcgj2gdPc5RgG9Cezc4Bapq8sQQJvrkxR8rx5z/image.png) \n <sub>(Go to https://steemit.com/~witnesses and type fbslo at the bottom of the page)</sub> \n \n </center>",
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      "body": "![doge.PNG](https://cdn.steemitimages.com/DQmY7K3sg7prdaydCHCEykQo5yuqwKRRpbSzQ9Y7rt4iF19/doge.PNG)\n\n\nStrong support zones ahead mentioned on chart and how much rise is expected and ... mentioned with green arrows from this support zones available.\n\nsupports and best entry point:\nA. 0.45(touched and we may have rise now)\nB. 0.39(last and strong support that if it break we may have huge dump and is best entry point if price reach here )\n\nDISCLAIMER: ((trade based on your own decision ))\n1.trade carefully and have stop loss for sure\n2.Past performance is not indicative of future results.",
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