#BTC had a bearish weekly closing and had a very strong close below of the zone of support. Daily is on a support now, and looks bearish too, price now trying to hold over the trendline as support, so let's see how market react today by NY session.

#US30 UPDATE :

#US30 perfectly dropped as per the plan and even surpasses the movement. Index now below the support and acting as resistance area, mid-term looks kinda bullish, so we can expect some sort of fakeout over the zone.

While Bitcoin has moved $131.25 trillion in total, only $11.63 trillion (about 9%) represents real transfers between different users. Most of the big money movements are just exchanges and custodians moving funds between their own wallets, rather than actual customer transactions.

MicroStrategy has acquired 5,262 BTC for ~$561 million at ~$106,662 per bitcoin and has achieved BTC Yield of 47.4% QTD and 73.7% YTD. As of 12/22/2024, we hodl 444,262 $BTC acquired for ~$27.7 billion at ~$62,257 per bitcoin. $MSTR

What Does Unbanked Mean?

Unbanked refers to individuals who remain unable to access basic banking products and services, most of them coming from marginalized sectors of society, and, thus, rejected by traditional financial institutions for various reasons. The term “unbanked” also includes people who have chosen not to use banks or other traditional financial services.

In many cases, most of the unbanked are poor individuals who cannot afford nor fulfill the requirements of opening a bank account. Despite governments’ efforts in working on developing new financial products that can help reach out to unbanked populations through microfinancing and other methods, many banks continue to deny low-income customers for not having enough resources.

It is the collective goal of the crypto ecosystem to promote financial inclusion via digital assets, smart contracts, and other forms of blockchain technology. Bitcoin and DeFi projects are by far the most promising solution for the unbanked as they offer innovative new applications that mimic traditional financial products and services that are freely accessible to all.

How Can Crypto Help the Unbanked?

Crypto can help unbanked individuals by providing them with access to global financial services. It provides an alternative to traditional banking, which is often limited in terms of geographical access. This means users can access global financial services no matter where they are located. Additionally, crypto can help unbanked individuals by providing them with access to a range of financial services, including peer-to-peer payments, remittances and more. Crypto can also help unbanked individuals by giving them access to a range of investment opportunities, which can help them grow their wealth.

Is DeFi Good for the Unbanked?

DeFi can be very beneficial for the unbanked. It offers financial services to those who may not have access to traditional banking services. This includes access to lending, staking and other services that can help the unbanked improve their financial situation. Additionally, DeFi can also provide greater access to capital, such as microloans and crypto-backed loans like Goldfinch.

Here's the Analysis of #WLD :

#WLD trading lower of the strong flip area around $2.35 - $2.43 and also respecting the resistance trendline. Currently, nothing looks good now, better wait for the further opportunities.

#BTC printed a new lower low and filled the wick filled in Daily TF, and retraced. Price haven't really doing good as of winter holidays and currently price testing the zone as resistance.

#GOLD UPDATE :

#GOLD dropped as per the call and reached the zone. Now, bouncing back and forth of the support around $2587 - $2619, forming a new consolidation range. Chances are likely to have a drop from here and incase of flip, we can have short-term up mover towards the $2648.

The crypto market is showing signs of growing up - when prices go up now, the drops aren't as scary as they used to be. While the biggest drop this cycle was 32%, most dips have only been around 25%, which is actually pretty mild compared to past cycles. This calmer market might be because big investors like ETFs are now involved, helping to keep prices more stable.

What Is an Uncle Block (Ommer Block)?

The uncle block (ommer block) phenomenon is relevant primarily within the Ethereum mining context. This concept takes place due to the inherent nature of the Ethereum ledger, which allows for only one block to be entered at a given time. They are also referred to as stale blocks by certain users in the blockchain space.

In any public blockchain, such as Bitcoin or Ethereum, users have open access to mining. Thus, a robust mechanism is needed to ensure sound validation for input data. The method found within the Ethereum blockchain system is one where blocks are individually registered on the ledger. In the case of a double-entry at a single point in time, the block would be counted, whereas the other would be discarded. The discarded block is essentially referred to as the uncle block and is crucial in ensuring that data alteration is avoided within the blockchain.

In order to understand why Ethereum structures its blockchain system in a manner that would give rise to uncle blocks, we need to take an in-depth look into how its data is structured. Several blockchains utilize the Merkle Tree concept based on which data blocks are linked to one another through ancestral relations, which include parents, children, siblings, and even uncle blocks.

It is important to identify that although the system rejects the uncle block (ommer block), the blockchain ensures fairness towards miners by not denying uncle block miners the reward for their efforts. Therefore, according to the coin’s commitment to a proof-of-work consensus structure, even uncle blocks are due to a specific block percentage reward along with transaction fees. This mechanism ensures somewhat of a level playing field for each of the miners, without a single party benefitting at the expense of the other. However, the uncle block reward attained through mining remains less than that of a completed block.

When a cryptocurrency decides to switch from a proof-of-work to a proof-of-stake system, the reward structure for uncle blocks takes a hit as well. In that case, the uncle block miners will be awarded only transaction fees and not a percentage of the block reward.

Here's the Analysis of #ENA :

#ENA going through the large consolidation phrase and moving back and forth on the levels. Nothing much clear as of now and later on have to see some sort of breakouts either side. In short-term we can see $1.00 as support and $1.10 as resistance.