HomeUncategorizedElon Musk says BTC ‘will make it’ — 5 things to know in Bitcoin this week By Cointelegraph

Elon Musk says BTC ‘will make it’ — 5 things to know in Bitcoin this week By Cointelegraph

November 14, 2022

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Elon Musk says BTC ‘will make it’ — 5 things to know in Bitcoin this week

(BTC) starts a new week on shaky ground after its lowest weekly close in two years.

The largest cryptocurrency considerably weakened after last week’s implosion of exchange FTX, continues to grapple with the fallout.

1-week candle chart (Bitstamp). Source: TradingView
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView
Bitcoin outflows (Gate.io) chart. Source: CryptoQuant
Bitcoin exchange reserves chart. Source: CryptoQuant
BTC/USD annotated chart. Source: Matthew Hyland/ Twitter
Twitter debate (screenshot). Source: Twitter
BTC, ETH vs. stocks, gold correlation annotated chart. Source: Santiment/ Twitter
(DXY) 1-day candle chart. Source: TradingView
U.S. dollar index (DXY) annotated chart. Source: Stockmoney Lizards/ Twitter
Bitcoin addresses with 1-10 BTC chart. Source: Glassnode
Bitcoin addresses with 10,000 BTC or more chart. Source: Glassnode
Bitcoin miner reserves chart. Source: CryptoQuant
Crypto Fear & Greed Index (screenshot). Source: Alternative.me