Doc's Daily Commentary

Mind Of Mav

What Happened To Bitcoin Over The Weekend?

For most investors, this has been a happy Christmas. The US stock market hit new highs amid rumors that the Omicron strain may not be as dangerous as previously thought. The cryptocurrency market appears to be on the same path despite the holiday season’s low trading volumes and low liquidity. 

BTC finally won the weekly battle for significant momentum, successfully breaking through the psychological barrier of $50,000. The price of the first cryptocurrency has been holding at about $50 thousand for the last four days. The Bitcoin price today is $51,333. Bitcoin is up 1.7% in the last 24 hours.

This situation repeats the situation from December 6 to 8, when the Bitcoin price kept at the same level, but then went down and dropped to 46 thousand dollars.

The decline in the price of Bitcoin has been going on since the period when in mid-October – early November the price held on a plateau with peaks in the region of 66-67 thousand dollars. Since then, the value of bitcoin has dropped by almost 30%.

In 2021, the value of Bitcoin was at its highest. In previous years, from 2017 to 2020, the price of one token did not exceed 15 thousand dollars.

ETH seems to be sensitive to BTC’s bullish move. Also, the top altcoins were growing so hard all week. LUNA and SHIB, for example, were able to show double-digit percentage gains in just a few hours. 

But that’s not all the good news. The dominance of BTC’s market capitalization has been checking support every now and then and is approaching a level that was last seen back in January 2018. If support is still broken, the market will enter a legendary phase called “alt-season”, during which there will be even more significant altcoin surges. Assets in global cryptocurrency funds rose from $24 billion in 2020 to $63 billion in 2021, Bloomberg reported last Tuesday. Bloomberg Intelligence data shows that the number of investment vehicles tracking cryptocurrency globally climbed to 80 in 2021, up from 35 the previous year.

However, there is something else worthwhile. If BTC continues to rise, it will be very important to keep an eye on funding rates. If they stay within negative or neutral territory, the crypto market will have a good opportunity to start the first quarter of 2022 with a rally. However, if funding rates go the other way, another long-term cut could well occur.


The ReadySetCrypto "Three Token Pillars" Community Portfolio (V3)

Add your vote to the V3 Portfolio (Phase 3) by clicking here.

View V3 Portfolio (Phase 2) by clicking here.

View V3 Portfolio (Phase 1) by clicking here.

Read the V3 Portfolio guide by clicking here.

What is the goal of this portfolio?

The “Three Token Pillars” portfolio is democratically proportioned between the Three Pillars of the Token Economy & Interchain:

CryptoCurreny – Security Tokens (STO) – Decentralized Finance (DeFi)

With this portfolio, we will identify and take advantage of the opportunities within the Three
Pillars of ReadySetCrypto. We aim to Capitalise on the collective knowledge and experience of the RSC
community & build model portfolios containing the premier companies and projects
in the industry and manage risk allocation suitable for as many people as

The Second Phase of the RSC Community Portfolio V3 was to give us a general idea of the weightings people desire in each of the three pillars and also member’s risk tolerance. The Third Phase of the RSC Community Portfolio V3 has us closing in on a finalized portfolio allocation before we consolidated onto the highest quality projects.

Our Current Allocation As Of Phase Three:

Move Your Mouse Over Charts Below For More Information

The ReadySetCrypto "Top Ten Crypto" Community Portfolio (V4)

Add your vote to the V4 Portfolio by clicking here.

Read about building Crypto Portfolio Diversity by clicking here.

What is the goal of this portfolio? 

The “Top Ten Crypto” portfolio is a democratically proportioned portfolio balanced based on votes from members of the RSC community as to what they believe are the top 10 projects by potential.
This portfolio should be much more useful given the ever-changing market dynamics. In short, you rank the projects you believe deserve a spot in the top 10. It should represent a portfolio and rank that you believe will stand the test of time. Once we have a good cross-section, we can study and make an assessment as to where we see value and perhaps where some diamonds in the rough opportunities exist. In a perfect world, we will end up with a Pareto-style distribution that describes the largest value capture in the market.
To give an update on the position, each one listed in low to high relative risk:
SoV/money == BTC, DCR
Platforms == ETH, XTZ
Private Money == XMR / ZEC / ZEN
DeFi == MKR / SNX and stablecoins
It is the most realistic way for us to distill the entirety of what we have learned (and that includes the RSC community opinion). We have an array of articles that have gradually picked off one by one different projects, some of which end up being many thousands of words to come to this conclusion. It is not capitulation because we all remain in the market. It is simply a consolidation of quality. We seek the cream of the crop as the milk turns sour on aggregate.

Current Top 10 Rankings:



Move Your Mouse Over Charts Below For More Information

Our Discord

Join Our Crypto Trader & Investor Chatrooms by clicking here!

Please DM us with your email address if you are a full OMNIA member and want to be given full Discord privileges.