BTC and ETH hit 2023 highs
The email discusses the latest rally in cryptocurrency, with Bitcoin and Ether hitting 2023 highs, and provides insights on how to read 'candlestick' charts. It also shares the latest prices of various cryptocurrencies and updates on the crypto market.
Inside crypto’s latest rally, and what might happen next. View in browser 12/7/23 Bitcoin notched a 20-month high of $45,000 this week. [Andriy Onufriyenko via Getty Images] What’s up? It’s Coinbase Bytes There’s never a dull moment on the bl
BTC and ETH hit 2023 highs
The email discusses the latest rally in cryptocurrency, with Bitcoin and Ether hitting 2023 highs, and provides insights on how to read 'candlestick' charts. It also shares the latest prices of various cryptocurrencies and updates on the crypto market.
Inside crypto’s latest rally, and what might happen next. View in browser 12/7/23 Bitcoin notched a 20-month high of $45,000 this week. [Andriy Onufriyenko via Getty Images] What’s up? It’s Coinbase Bytes There’s never a dull moment on the bl
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</style></head><body style="margin:0; padding:0; background-color:#FFFFFF; font-family:Helvetica Neue,Helvetica,Arial,sans-serif; font-size:16px; color:#0A0B0D"><span style="color:transparent; visibility:hidden; display:none; opacity:0; height:0; width:0; font-size:0">Inside crypto’s latest rally, and what might happen next.</span><img src="https://links.coinbase.com/e/eo?_t=3aca56371967418192255878e9689713&_m=c516d62ebb3e48308fefa39bce5e4e3a&_e=kGDBzstOIvSsu2bX2QTeVnPIzjSYUa_Uz8I0LAiHUHVose_DmPnR7OGnKs5A5lhAL-z5CDOn88qd0RTYZ7Pz6tLCme9udnl7TX5n5CC3sQKdwKk30MUk_dITOWVwhXguYuYKN0hfCEwJIYjSPDKFcTcrlkoGjqgdOFPXFWw3_Ac%3D" width="1" height="1" style="border:0; width:1px; height:1px; border-width:0px!important; display:none!important; line-height:0!important"><div id="root" style="min-width:320px; background-color:#FFFFFF; width:100%"><div class="block-grid" style="min-width:320px; max-width:570px; word-break:break-word; margin:0px auto"><div style="padding:0px 10px 10px"><div style="text-align:right; margin-bottom:24px"><a href="#" target="_blank" rel="noopener noreferrer" style="color:rgb(91,97,110); text-decoration:none; line-height:1.5; font-size:12px">View in browser</a></div><div style="margin-bottom:20px"><table style="width:100%"><tbody><tr><td style="text-align:left; vertical-align:middle"><a href="#" title="Coinbase Bytes" target="_blank" rel="noopener noreferrer"><img src="https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/cbytes-4x.png" height="36" style="display:block; height:36px"></a></td><td style="text-align:right"><p style="font-size:20px; color:rgb(10,11,1); margin:10px 0px 0px">12/7/23</p></td></tr></tbody></table></div><a href="#" target="_blank" rel="noopener noreferrer"><img src="https://images.ctfassets.net/q5ulk4bp65r7/2kAAyUkyg9UtyHwHDdAgyR/e4194f68f93231364d7122b91709d607/image2.jpg" width="100%" style="display:block; width:100%"></a><p style="margin:16px 0px 0px; line-height:1.5; word-break:break-word; font-size:12px; color:rgb(91,97,110)">Bitcoin notched a 20-month high of $45,000 this week. [Andriy Onufriyenko via Getty Images]</p><p style="margin:48px 0px 16px; font-size:32px; line-height:1.26; word-break:break-word"><strong>What’s up? It’s Coinbase Bytes</strong></p><p style="margin:0px; line-height:1.6; word-break:break-word">There’s never a dull moment on the blockchain. Here’s what you need to know this week:</p><ul style="margin:10px 0px; padding-left:24px; line-height:1.6"><li style="margin:0px; padding:6px 0px"><strong>Bitcoin and ether hit 2023 highs — what’s next? </strong>Market observers are predicting new scenarios amid the year-end rally.</li><li style="margin:0px; padding:6px 0px"><strong>How to read “candlestick” charts. </strong>Learn the basics behind a trading indicator commonly used by the pros.</li><li style="margin:0px; padding:6px 0px"><strong>This week in numbers. </strong>The value of a new ESG-focused tokenized bond, the amount of character NFTs Square Enix dropped for its new blockchain game, and more.</li></ul><p style="margin:0px; padding:0px"></p><div class="desktop_hide" style="display:none; max-height:0; overflow:hidden"><table style="width:100%; table-layout:fixed; margin:0"><tbody><tr><td style="padding-top:40px"><a href="#" target="_blank" style="text-decoration:none; color:#0A0B0D"><table><tbody><tr><td style="padding:0; vertical-align:top"><img src="https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/up-arrow.png" height="12" width="12" style="height:12px; width:12px; margin:2px 0px 0px 0px; vertical-align:top"> </td><td style="padding:0; vertical-align:top"><div style="text-align:left; margin:0px 0px 0px 10px; line-height:1"><p style="margin:0"><strong>Bitcoin</strong></p><p style="margin:8px 0px">$43,712.33 </p><p style="margin:0; font-size:12px">+15.47% </p></div></td></tr></tbody></table></a></td><td style="padding-top:40px"><a href="#" target="_blank" style="text-decoration:none; color:#0A0B0D"><table><tbody><tr><td style="padding:0; vertical-align:top"><img src="https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/up-arrow.png" height="12" width="12" style="height:12px; width:12px; margin:2px 0px 0px 0px; vertical-align:top"> </td><td style="padding:0; vertical-align:top"><div style="text-align:left; margin:0px 0px 0px 10px; line-height:1"><p style="margin:0"><strong>Ethereum</strong></p><p style="margin:8px 0px">$2,229.14 </p><p style="margin:0; font-size:12px">+9.85% </p></div></td></tr></tbody></table></a></td></tr><tr><td style="padding-top:20px"><a href="#" target="_blank" style="text-decoration:none; color:#0A0B0D"><table><tbody><tr><td style="padding:0; vertical-align:top"><img src="https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/up-arrow.png" height="12" width="12" style="height:12px; width:12px; margin:2px 0px 0px 0px; vertical-align:top"> </td><td style="padding:0; vertical-align:top"><div style="text-align:left; margin:0px 0px 0px 10px; line-height:1"><p style="margin:0"><strong>XRP</strong></p><p style="margin:8px 0px">$0.63 </p><p style="margin:0; font-size:12px">+4.12% </p></div></td></tr></tbody></table></a></td><td style="padding-top:20px"><a href="#" target="_blank" style="text-decoration:none; color:#0A0B0D"><table><tbody><tr><td style="padding:0; vertical-align:top"><img src="https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/up-arrow.png" height="12" width="12" style="height:12px; width:12px; margin:2px 0px 0px 0px; vertical-align:top"> </td><td style="padding:0; vertical-align:top"><div style="text-align:left; margin:0px 0px 0px 10px; line-height:1"><p style="margin:0"><strong>Solana</strong></p><p style="margin:8px 0px">$62.98 </p><p style="margin:0; font-size:12px">+6.52% </p></div></td></tr></tbody></table></a></td></tr><tr><td style="padding-top:20px"><a href="#" target="_blank" style="text-decoration:none; color:#0A0B0D"><table><tbody><tr><td style="padding:0; vertical-align:top"><img src="https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/up-arrow.png" height="12" width="12" style="height:12px; width:12px; margin:2px 0px 0px 0px; vertical-align:top"> </td><td style="padding:0; vertical-align:top"><div style="text-align:left; margin:0px 0px 0px 10px; line-height:1"><p style="margin:0"><strong>Cardano</strong></p><p style="margin:8px 0px">$0.44 </p><p style="margin:0; font-size:12px">+16.41% </p></div></td></tr></tbody></table></a></td><td style="padding-top:20px"><a href="#" target="_blank" style="text-decoration:none; color:#0A0B0D"><table><tbody><tr><td style="padding:0; vertical-align:top"><img src="https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/up-arrow.png" height="12" width="12" style="height:12px; width:12px; margin:2px 0px 0px 0px; vertical-align:top"> </td><td style="padding:0; vertical-align:top"><div style="text-align:left; margin:0px 0px 0px 10px; line-height:1"><p style="margin:0"><strong>Dogecoin</strong></p><p style="margin:8px 0px">$0.10 </p><p style="margin:0; font-size:12px">+18.71% </p></div></td></tr></tbody></table></a></td></tr></tbody></table></div><div class="mobile_hide"><table style="width:100%; table-layout:fixed; margin:0"><tbody><tr><td style="padding-top:40px"><a href="#" target="_blank" style="text-decoration:none; color:#0A0B0D"><table><tbody><tr><td style="padding:0; vertical-align:top"><img src="https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/up-arrow.png" height="12" width="12" style="height:12px; width:12px; margin:2px 0px 0px 0px; vertical-align:top"> </td><td style="padding:0; vertical-align:top"><div style="text-align:left; margin:0px 0px 0px 10px; line-height:1"><p style="margin:0"><strong>Bitcoin</strong></p><p style="margin:8px 0px">$43,712.33 </p><p style="margin:0; font-size:12px">+15.47% </p></div></td></tr></tbody></table></a></td><td style="padding-top:40px"><a href="#" target="_blank" style="text-decoration:none; color:#0A0B0D"><table><tbody><tr><td style="padding:0; vertical-align:top"><img src="https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/up-arrow.png" height="12" width="12" style="height:12px; width:12px; margin:2px 0px 0px 0px; vertical-align:top"> </td><td style="padding:0; vertical-align:top"><div style="text-align:left; margin:0px 0px 0px 10px; line-height:1"><p style="margin:0"><strong>Ethereum</strong></p><p style="margin:8px 0px">$2,229.14 </p><p style="margin:0; font-size:12px">+9.85% </p></div></td></tr></tbody></table></a></td><td style="padding-top:40px"><a href="#" target="_blank" style="text-decoration:none; color:#0A0B0D"><table><tbody><tr><td style="padding:0; vertical-align:top"><img src="https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/up-arrow.png" height="12" width="12" style="height:12px; width:12px; margin:2px 0px 0px 0px; vertical-align:top"> </td><td style="padding:0; vertical-align:top"><div style="text-align:left; margin:0px 0px 0px 10px; line-height:1"><p style="margin:0"><strong>XRP</strong></p><p style="margin:8px 0px">$0.63 </p><p style="margin:0; font-size:12px">+4.12% </p></div></td></tr></tbody></table></a></td></tr><tr><td style="padding-top:20px"><a href="#" target="_blank" style="text-decoration:none; color:#0A0B0D"><table><tbody><tr><td style="padding:0; vertical-align:top"><img src="https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/up-arrow.png" height="12" width="12" style="height:12px; width:12px; margin:2px 0px 0px 0px; vertical-align:top"> </td><td style="padding:0; vertical-align:top"><div style="text-align:left; margin:0px 0px 0px 10px; line-height:1"><p style="margin:0"><strong>Solana</strong></p><p style="margin:8px 0px">$62.98 </p><p style="margin:0; font-size:12px">+6.52% </p></div></td></tr></tbody></table></a></td><td style="padding-top:20px"><a href="#" target="_blank" style="text-decoration:none; color:#0A0B0D"><table><tbody><tr><td style="padding:0; vertical-align:top"><img src="https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/up-arrow.png" height="12" width="12" style="height:12px; width:12px; margin:2px 0px 0px 0px; vertical-align:top"> </td><td style="padding:0; vertical-align:top"><div style="text-align:left; margin:0px 0px 0px 10px; line-height:1"><p style="margin:0"><strong>Cardano</strong></p><p style="margin:8px 0px">$0.44 </p><p style="margin:0; font-size:12px">+16.41% </p></div></td></tr></tbody></table></a></td><td style="padding-top:20px"><a href="#" target="_blank" style="text-decoration:none; color:#0A0B0D"><table><tbody><tr><td style="padding:0; vertical-align:top"><img src="https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/up-arrow.png" height="12" width="12" style="height:12px; width:12px; margin:2px 0px 0px 0px; vertical-align:top"> </td><td style="padding:0; vertical-align:top"><div style="text-align:left; margin:0px 0px 0px 10px; line-height:1"><p style="margin:0"><strong>Dogecoin</strong></p><p style="margin:8px 0px">$0.10 </p><p style="margin:0; font-size:12px">+18.71% </p></div></td></tr></tbody></table></a></td></tr></tbody></table></div><p style="margin:20px 0px 0px; line-height:1.5; word-break:break-word; color:rgb(91,97,110); font-size:12px">Price changes are for the past week, ending on Dec 6, 2023 at 11:18 PM UTC</p><div class="cta_button" style="margin:24px 0px 0px; padding:0px; width:50%"><a href="#" target="_blank" rel="noopener noreferrer" style="display:block; margin:0px; line-height:1.2; font-size:16px; text-decoration:none; color:rgb(255,255,255); background-color:rgb(0,82,255); border-radius:30px; text-align:center; padding:18px 0px"><strong>See the latest prices</strong></a></div><table width="100%" role="presentation" style="table-layout:fixed; vertical-align:top; border-spacing:0px; border-collapse:collapse; min-width:100%"><tbody><tr style="vertical-align:top"><td valign="top" style="word-break:break-word; vertical-align:top; min-width:100%; padding:48px 0px"><table border="0" cellpadding="0" cellspacing="0" width="100%" align="center" role="presentation" style="table-layout:fixed; vertical-align:top; border-spacing:0px; border-collapse:collapse; border-top:2px solid rgb(222,224,226); width:100%"><tbody><tr style="vertical-align:top"><td valign="top" style="word-break:break-word; vertical-align:top"><span></span></td></tr></tbody></table></td></tr></tbody></table><div><table style="margin:0px; padding:0px"><tbody><tr><td style="margin:0px; padding-right:11px; vertical-align:middle"><img src="https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/dot-1.5x.png" width="12" height="12" style="display:block; width:12px; height:12px"></td><td style="margin:0px; padding:0px; vertical-align:middle"><p style="margin:0px; font-size:16px; letter-spacing:0.075em"><strong>MARKET UPDATE </strong></p></td></tr></tbody></table><p style="margin:5px 0px 0px; font-size:32px; line-height:1.26; word-break:break-word"><strong>Market watchers on what’s driving crypto’s year-end rally — and what might happen next </strong></p></div><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">For the first time since April 2022, bitcoin reached the <a href="#" target="_blank" rel="noopener noreferrer">$45,000 mark</a> on Tuesday, gaining more than 150% so far this year. Ethereum, meanwhile, is up roughly 90% in the same period, with prices topping $2,300.</p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">The crypto market’s major moves have left observers with some similarly big questions: What’s driving this rally? Is crypto winter over, or is this just a momentary spike? And what might happen next? </p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">Here’s what market watchers from major financial institutions, crypto companies, and more have been observing. </p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word"><strong>Bitcoin ETF buzz keeps getting louder </strong></p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">One of the big triggers behind crypto’s 2023 rally is the <a href="#" target="_blank" rel="noopener noreferrer">growing</a> industry-wide confidence that spot BTC exchange-traded funds (ETFs) will <a href="#" target="_blank" rel="noopener noreferrer">soon gain SEC approval</a> and potentially bring a huge influx of new capital into crypto. </p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">This week, a flurry of news items appeared around the ETF approval process, including reports that the <a href="#" target="_blank" rel="noopener noreferrer">SEC recently met with ETF applicants</a> BlackRock and Grayscale, BlackRock received some <a href="#" target="_blank" rel="noopener noreferrer">seed funding</a> for its proposed BTC ETF, and several firms <a href="#" target="_blank" rel="noopener noreferrer">amended their filings</a>.</p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">As Ledger CEO Pascal Gauthier <a href="#" target="_blank" rel="noopener noreferrer">told CNBC</a>, “It feels that [2023] was a year to get ready for the bull run that is yet to come. But the sentiment is very hopeful for [2024] and 25. I think what the ETF means really is that bitcoin is going mainstream, and that’s what people were waiting for.”</p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">When could approvals begin happening? As <a href="#" target="_blank" rel="noopener noreferrer">Reuters reports</a>, “Investors are confident the SEC could approve multiple spot bitcoin ETFs as early as January, based on key public SEC filing and comment deadlines.”</p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word"><strong>How much new capital could ETFs drive into crypto?</strong></p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">ETFs are bought and sold via stock exchanges using conventional brokerages. Because they’re a vastly popular asset class and held by everyone from individuals saving for retirement to the world’s biggest hedge and pension funds, they’re seen as a uniquely powerful tool for increasing crypto adoption. By how much? Depends on whom you ask. </p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">According to a <a href="#" target="_blank" rel="noopener noreferrer">recent Reuters survey</a>, estimates ranged from $3 billion on the first day of trading to $55 billion over five years. As Dave Mazza, chief strategy officer at ETF provider Roundhill Investments, told Reuters, “the analogy that I’m looking at is to gold” — adding that the arrival of spot ETFs had been <a href="#" target="_blank" rel="noopener noreferrer">transformational</a> for the gold market.</p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">Bloomberg Intelligence <a href="#" target="_blank" rel="noopener noreferrer">pegs the market</a> as even bigger: “[W]ith the likely involvement of respectable heavyweights like BlackRock, Fidelity, and Invesco, the spot-Bitcoin ETF market has the potential to grow into a $100 billion juggernaut in time.”</p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">And some predictions go further than that. As <a href="#" target="_blank" rel="noopener noreferrer">Decrypt reports</a>, researchers at blockchain data firm CryptoQuant “expect an ETF to double Bitcoin’s market cap, and potentially increase the overall crypto market by $1 trillion.”</p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">“For context,” Decrypt added, “Apple’s market cap sits at a cool $2.9 trillion today.”</p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word"><strong>Market observers believe interest rates could fall </strong></p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">Experts <a href="#" target="_blank" rel="noopener noreferrer">seem to be predicting</a> that inflation will continue to cool (despite Federal Reserve Chair Jerome Powell’s warning that such an assumption is “premature”). </p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">This would allow the U.S. central bank to roll back interest rates, which are currently set at levels last seen more than two decades ago. Historically, lower interest rates have helped boost assets like crypto and tech stocks.</p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">As Reuters <a href="#" target="_blank" rel="noopener noreferrer">noted this week</a>, “Riskier investments and other interest-rate sensitive assets, such as gold, have … rallied hard over the last few weeks as markets wager that the U.S. Federal Reserve has finished hiking rates and will start cutting early in 2024.” </p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word"><strong>The bottom line…</strong></p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">While crypto is famously <a href="#" target="_blank" rel="noopener noreferrer">volatile</a> at times — and nobody can predict the future — looking a little further out, there’s at least one more major reason traders are optimistic.</p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">Bitcoin’s next <a href="#" target="_blank" rel="noopener noreferrer">halving</a> is expected to happen in spring 2024. Approximately every four years, the amount of new BTC issued by the mining process decreases by half (until all 21 million BTC have been mined sometime next century). It’s a mechanism designed to make bitcoin an inflation-resistant asset, and the last three halvings all preceded major rallies. </p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">How high could prices go? Again, it depends whom you ask. Some say that all of this news has already been “priced in.” But many analysts see brighter days ahead. Futures markets show that traders believe prices <a href="#" target="_blank" rel="noopener noreferrer">will continue rising</a> next year, and Standard Chartered predicts BTC <a href="#" target="_blank" rel="noopener noreferrer">will hit $100,000</a> by the end of 2024. </p><div class="cta_button" style="margin:24px 0px 0px; padding:0px; width:50%"><a href="#" target="_blank" rel="noopener noreferrer" style="display:block; margin:0px; line-height:1.2; font-size:16px; text-decoration:none; color:rgb(255,255,255); background-color:rgb(0,82,255); border-radius:30px; text-align:center; padding:18px 0px"><strong>Learn about bull markets</strong></a></div><a href="#" target="_blank" rel="noopener noreferrer"><div class="desktop_hide" style="display:none; max-height:0px; overflow:hidden"><img src="https://images.ctfassets.net/q5ulk4bp65r7/11ethN8SqaxfTpSQp5dFNK/2a692d99adc4eceabaa8a5da01590f6e/650x488px_mobile__1_.png" width="100%" style="display:block; width:100%; margin:64px 0px"></div><div class="mobile_hide"><img src="https://images.ctfassets.net/q5ulk4bp65r7/2EIy1P2xeUhtobZGk8Vi8V/f8427ab27cd5eb64dfcd50efe733d669/1060x408px_desktop__1_.png" width="100%" style="display:block; width:100%; margin:64px 0px"></div></a><div><table style="margin:0px; padding:0px"><tbody><tr><td style="margin:0px; padding-right:11px; vertical-align:middle"><img src="https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/dot-1.5x.png" width="12" height="12" style="display:block; width:12px; height:12px"></td><td style="margin:0px; padding:0px; vertical-align:middle"><p style="margin:0px; font-size:16px; letter-spacing:0.075em"><strong>TECHNICALLY SPEAKING </strong></p></td></tr></tbody></table><p style="margin:5px 0px 0px; font-size:32px; line-height:1.26; word-break:break-word"><strong>Level up your crypto knowledge with candlestick charts </strong></p></div><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">As prices spike, you might be giving more thought than usual to how you want to trade crypto. </p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">There are lots of ways to go about it, from simple strategies like <a href="#" target="_blank" rel="noopener noreferrer">dollar-cost averaging</a> (in which you buy a fixed amount of crypto every week or month) to more active ones like digging into <a href="#" target="_blank" rel="noopener noreferrer">technical analysis</a> to gain as much information as you can about market movements. </p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">If you’re curious about the latter option, we’ve put together some guides about the major charts and indicators you can use to inform your moves. We’ll be rolling out these tutorials periodically — starting, this week, with a quick breakdown of <a href="#" target="_blank" rel="noopener noreferrer">candlestick charts</a>.</p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">Here’s what you need to know.</p><a href="#" target="_blank" rel="noopener noreferrer"><div class="desktop_hide" style="display:none; max-height:0px; overflow:hidden"><img src="https://images.ctfassets.net/q5ulk4bp65r7/1sE4SnRGQ1uTG0atmCg598/2f1ea1ccdc8a3ff70135e9c535785aa9/image3.png" width="100%" style="display:block; width:100%; margin:64px 0px"></div><div class="mobile_hide"><img src="https://images.ctfassets.net/q5ulk4bp65r7/1sE4SnRGQ1uTG0atmCg598/2f1ea1ccdc8a3ff70135e9c535785aa9/image3.png" width="100%" style="display:block; width:100%; margin:64px 0px"></div></a><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word"><strong>What is a candlestick chart? </strong></p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">Candlesticks give you an instant snapshot of whether a price movement was positive or negative, and to what degree. Similar to more familiar price graphs, candlesticks show time across the horizontal axis and price data on the vertical axis. </p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">But unlike simpler graphs, candlesticks show <i>way</i> more information. In one glance, you can see the highest and lowest price that an asset hit during a given timeframe, as well as its opening and closing prices.</p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">In the Coinbase app or on Coinbase.com, you can find candlesticks by exploring <a href="#" target="_blank" rel="noopener noreferrer">Coinbase Advanced</a>.</p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word"><strong>How do they work?</strong></p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">These charts use a series of red or green “candles” — with green candles showing price increases and red candles showing price declines.</p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">The “body” of each candle shows the opening and closing prices during a given timeframe.</p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">The “wicks,” which are the thin lines that come out the top or bottom of bodies, show the highest and lowest prices during that same timeframe.</p><a href="#" target="_blank" rel="noopener noreferrer"><div class="desktop_hide" style="display:none; max-height:0px; overflow:hidden"><img src="https://images.ctfassets.net/q5ulk4bp65r7/6udTpxmkFT9vGHXIEdLKs3/ccb7b5b2be2b1a052db03c2aac5eaab1/image1.png" width="100%" style="display:block; width:100%; margin:64px 0px"></div><div class="mobile_hide"><img src="https://images.ctfassets.net/q5ulk4bp65r7/6udTpxmkFT9vGHXIEdLKs3/ccb7b5b2be2b1a052db03c2aac5eaab1/image1.png" width="100%" style="display:block; width:100%; margin:64px 0px"></div></a><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word"><strong>What can candlesticks tell us? </strong></p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">Experienced traders <a href="#" target="_blank" rel="noopener noreferrer">look for patterns in candles</a> in order to gauge market sentiment and make predictions about where the market might head next. Two key concepts related to candles are <a href="#" target="_blank" rel="noopener noreferrer">“support” and “resistance.”</a></p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">In simple terms, support indicates that prices have fallen to the point where many traders are looking to buy, while resistance indicates that prices have risen to the point that many traders are looking to sell. </p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">Support levels are where prices historically stop falling and bounce back up, while resistance levels are where prices often stop rising and fall back toward support.</p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word"><strong>What are some of the patterns traders look for? </strong></p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word"><i>A long wick on the bottom of a candle</i> might mean that traders are buying into an asset as prices fall, which may be an indicator that the asset is on its way up.</p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word"><i>A long wick at the top of a candle</i> could suggest that traders are looking to exit — signaling a potential sell-off in the near future.</p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word"><i>If the body occupies almost all of the candle,</i> with very short wicks (or no visible wicks) on either side, that might indicate a strongly bullish sentiment (on a green candle) or strongly bearish sentiment (on a red candle). </p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word"><strong>The bottom line… </strong></p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">Understanding what candlesticks might mean in the context of a particular asset or within certain market conditions is a key way many professional investors identify trends and potential opportunities.</p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">Always remember, though, that past performance isn’t indicative of future results — and even for people who do this for a living, spotting trends in candlestick charts isn’t easy. If you’re not sure what trading strategy is right for you, check with a trusted professional advisor.</p><div class="cta_button" style="margin:24px 0px 0px; padding:0px; width:50%"><a href="#" target="_blank" rel="noopener noreferrer" style="display:block; margin:0px; line-height:1.2; font-size:16px; text-decoration:none; color:rgb(255,255,255); background-color:rgb(0,82,255); border-radius:30px; text-align:center; padding:18px 0px"><strong>Learn more about candlesticks</strong></a></div><table width="100%" role="presentation" style="table-layout:fixed; vertical-align:top; border-spacing:0px; border-collapse:collapse; min-width:100%"><tbody><tr style="vertical-align:top"><td valign="top" style="word-break:break-word; vertical-align:top; min-width:100%; padding:48px 0px"><table border="0" cellpadding="0" cellspacing="0" width="100%" align="center" role="presentation" style="table-layout:fixed; vertical-align:top; border-spacing:0px; border-collapse:collapse; border-top:2px solid rgb(222,224,226); width:100%"><tbody><tr style="vertical-align:top"><td valign="top" style="word-break:break-word; vertical-align:top"><span></span></td></tr></tbody></table></td></tr></tbody></table><div><table style="margin:0px; padding:0px"><tbody><tr><td style="margin:0px; padding-right:11px; vertical-align:middle"><img src="https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/dot-1.5x.png" width="12" height="12" style="display:block; width:12px; height:12px"></td><td style="margin:0px; padding:0px; vertical-align:middle"><p style="margin:0px; font-size:16px; letter-spacing:0.075em"><strong>NUMBERS TO KNOW </strong></p></td></tr></tbody></table></div><h1><strong>$10.8 million</strong></h1><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">Value of a “<a href="#" target="_blank" rel="noopener noreferrer">digital green bond</a>” that France's third-largest bank, Societe Generale, issued on the Ethereum blockchain with goals of “increased transparency and traceability on ESG data … as well as improved … speed in transactions and settlements.” In a <a href="#" target="_blank" rel="noopener noreferrer">press release</a>, the multinational firm said the bond’s smart contract will include carbon footprint information.</p><h1><strong>500</strong></h1><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">Number of NFT “heroes” that Final Fantasy-maker Square Enix released on Monday for its hotly anticipated blockchain game, “<a href="#" target="_blank" rel="noopener noreferrer">Symbiogenesis</a>.” The first batch of 10,000 total NFTs include characters with names like Condiment, Wastebasket, and Egg, who fetched $1,200 worth of ETH. The NFTs aren’t required to play Symbiogenesis, but will unlock extra content in the quest-based game.</p><h1><strong>15%</strong></h1><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">Proposed tax rate that Brazil would impose on certain earnings by citizens who hold crypto on international exchanges. Per <a href="#" target="_blank" rel="noopener noreferrer">Coindesk</a>, if approved by President Luiz Inácio Lula da Silva, the new regulation would impact “Brazilians earning more than $1,200 from foreign exchanges.” Crypto is increasingly popular in Brazil, which recently ranked ninth in Chainalysis’ annual crypto adoption <a href="#" target="_blank" rel="noopener noreferrer">index</a>.</p><table width="100%" role="presentation" style="table-layout:fixed; vertical-align:top; border-spacing:0px; border-collapse:collapse; min-width:100%"><tbody><tr style="vertical-align:top"><td valign="top" style="word-break:break-word; vertical-align:top; min-width:100%; padding:48px 0px"><table border="0" cellpadding="0" cellspacing="0" width="100%" align="center" role="presentation" style="table-layout:fixed; vertical-align:top; border-spacing:0px; border-collapse:collapse; border-top:2px solid rgb(222,224,226); width:100%"><tbody><tr style="vertical-align:top"><td valign="top" style="word-break:break-word; vertical-align:top"><span></span></td></tr></tbody></table></td></tr></tbody></table><div><table style="margin:0px; padding:0px"><tbody><tr><td style="margin:0px; padding-right:11px; vertical-align:middle"><img src="https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/dot-1.5x.png" width="12" height="12" style="display:block; width:12px; height:12px"></td><td style="margin:0px; padding:0px; vertical-align:middle"><p style="margin:0px; font-size:16px; letter-spacing:0.075em"><strong>TOKEN TRIVIA </strong></p></td></tr></tbody></table><p style="margin:5px 0px 0px; font-size:32px; line-height:1.26; word-break:break-word"><strong>Which of the following is not crypto slang?</strong></p></div><div style="margin-top:16px"><table style="line-height:1.6; word-break:break-word"><tbody><tr><td style="padding-right:12px"><strong>A</strong></td><td>gm!</td></tr><tr><td style="padding-right:12px; padding-top:12px"><strong>B</strong></td><td style="padding-top:12px">rekt</td></tr><tr><td style="padding-right:12px; padding-top:12px"><strong>C</strong></td><td style="padding-top:12px">pudding hands</td></tr><tr><td style="padding-right:12px; padding-top:12px"><strong>D</strong></td><td style="padding-top:12px">FUD</td></tr></tbody></table></div><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">Find the answer at the end of the email.</p><div class="cta_button" style="margin:24px 0px 0px; padding:0px; width:50%"><a href="#" target="_blank" rel="noopener noreferrer" style="display:block; margin:0px; line-height:1.2; font-size:16px; text-decoration:none; color:rgb(255,255,255); background-color:rgb(0,82,255); border-radius:30px; text-align:center; padding:18px 0px"><strong>Learn crypto slang</strong></a></div><table width="100%" role="presentation" style="table-layout:fixed; vertical-align:top; border-spacing:0px; border-collapse:collapse; min-width:100%"><tbody><tr style="vertical-align:top"><td valign="top" style="word-break:break-word; vertical-align:top; min-width:100%; padding:48px 0px"><table border="0" cellpadding="0" cellspacing="0" width="100%" align="center" role="presentation" style="table-layout:fixed; vertical-align:top; border-spacing:0px; border-collapse:collapse; border-top:2px solid rgb(222,224,226); width:100%"><tbody><tr style="vertical-align:top"><td valign="top" style="word-break:break-word; vertical-align:top"><span></span></td></tr></tbody></table></td></tr></tbody></table><p style="margin:0px; line-height:1.6; word-break:break-word"><strong>Trivia answer</strong></p><table style="margin:12px 0px 0px; line-height:1.6; word-break:break-word"><tbody><tr><td style="padding-right:12px"><strong>C</strong></td><td>pudding hands</td></tr></tbody></table><table style="margin:48px 0px 0px"><tbody><tr><td style="text-align:left"><img src="https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/Rebrand%20Assets/coinbase_footer_wordmark.png" alt="Coinbase" height="26" style="display:block; height:26px; margin-bottom:24px"></td></tr><tr><td><a href="#" title="coinbase ios app" target="_blank" rel="noopener noreferrer"><img src="https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/Icons/app_apple.png" alt="Download on iOS App store" height="46" style="display:block; height:46px; margin-right:8px"></a></td><td><a href="#" title="coinbase android app" target="_blank" rel="noopener noreferrer"><img src="https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/Icons/app_google.png" alt="Download on Google Play" height="46" style="display:block; height:46px"></a></td></tr></tbody></table><div style="margin-top:24px"><p style="font-size:12px; line-height:1.8; word-break:break-word; color:rgb(91,97,110)">Disclaimer: This material is the property of Coinbase, Inc., its parent and affiliates ("Coinbase"). The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Coinbase or its employees and summarizes information and articles with respect to cryptocurrencies or related topics that the author believes may be of interest. This material is for informational purposes only, and is not (i) an offer, or solicitation of an offer, to invest in, or to buy or sell, any interests or shares, or to participate in any investment or trading strategy, (ii) intended to provide accounting, legal, or tax advice, or investment recommendations or (iii) an official statement of Coinbase. No representation or warranty is made, expressed or implied, with respect to the accuracy or completeness of the information or to the future performance of any digital asset, financial instrument or other market or economic measure. The information is believed to be current as of the date indicated on the materials. Recipients should consult their advisors before making any investment decision. Coinbase may have financial interests in, or relationships with, some of the entities and/or publications discussed or otherwise referenced in the materials. Certain links that may be provided in the materials are provided for convenience and do not imply Coinbase's endorsement, or approval of any third-party websites or their content. <br><br>Coinbase is licensed to engage in Virtual Currency Business Activity by the New York State Department of Financial Services. <br><br>© Coinbase 2023 | Coinbase Inc. <br>248 3rd St #434 <br>Oakland | CA 94607 | US <br><a href="#">www.coinbase.com</a> <br><a href="#">Get in touch</a> <br><br><br><a href="#" style="text-decoration:none">Unsubscribe</a> from future editions of Coinbase Bytes.</p></div></div></div></div><img alt="" src="http://comm.coinbase.com/CI0/0100018c41ab7631-5f790284-3c5e-4ff1-a15e-9f13a43ea537-000000/aLetYhWA6VCKeTF_nBlKnFlQieAS8UvNNtsLRXyLyus=330" style="display:none; width:1px; height:1px"> </body></html>
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