Week 41 | 10/10/22 - 10/15/22
By Matthew BrienenNews Flash
Tuesday 10.11.22: Internet giant Google today said that it will use Coinbase to accept crypto payments for cloud services early next year, according to a report by CNBC. Google Cloud will begin accepting crypto payments from a "handful" of customers through integration with Coinbase Commerce, a payments tool for businesses, according to Google Cloud Vice President and General Manager, Amit Zavery.
Wednesday 10.12.22: Cryptocurrency platform Crypto.com will set up its European regional headquarters in Paris, the Singapore-based company said on Wednesday. The firm will invest 150 million euros ($145.7 million) in France to support the establishment of its market operations, it said in a statement, adding it will hire local talent in the fields of compliance, business development and product.
Thursday 10.13.22: The South Korean smartphone giant presents its users an advanced and safe platform for personal information management and storage of digital keys — The Samsung Blockchain Keystore. The platform seems to take users' experience to a new level of comfort.
Friday 10.14.22: Binance, the world’s largest cryptocurrency exchange, has unveiled a $500 million lending pool for Bitcoin miners, as a combination of energy costs, low Bitcoin prices, and higher-than-ever mining difficulty strains the sector. The company said its Binance Pool project was designed to provide “secure debt financing services to both public and private blue-chip Bitcoin (BTC) mining and digital asset infrastructure companies globally.” Borrowers will have access to loans on an 18- to 24-month term, with interest rates ranging from 5% to 10%.
Technical Recap
Bitcoin is nearly in the same place we left it last week. Trading and testing the upper bounds of the bear flag on the daily chart, price continues to consolidate, and a further bearish action remains afoot. A break to the downside opens up the $14,000 range; this is the area we will close our initial short positions. Check out the new [Weekly Plays](https:** //dashboard.cryptocharged.com/weekly-plays/) section to see all leveraged trading position details.
BTC/USD Daily Chart
CryptoCharged Live Show Recaps
Tuesday 10.11.22: Matthew Brienen explains theBank of England being forced to buy inflation-linked bonds, Google Cloud allowing users to pay with cryptocurrency via Coinbase, and key dates in the SEC v. Ripple case. Matthew delivers a technical analysis of the markets, including bearish Bitcoin-related news.
Wednesday 10.12.22: Dan Habib talks about the upcoming CPI report, the Fed minutes, and the producer price index (PPI). Matt discusses Caitlin Long slamming the Fed for allowing BNY Mellon to enter the cryptocurrency, how Microsoft and Meta are collaborating to create immersive experiences for the future of work and play, and how Celsius is spending $5 million on an independent examiner. Dan and Matt provide a technical analysis of the markets, noting that the bond market is currently more volatile than cryptocurrency.
Thursday 10.13.22: Dan discusses the September consumer price index and when inflation will peak. Matt provides technical analysis of the markets, highlighting altcoins and their current position in this bear market.
Friday 10.14.22: Matt shows off a new feature on the site dedicated to trades. He also discusses news and topics such as Tether's USDT stablecoin is now backed by T-bills, the UK's FCA announces a new digital assets head, and the Japanese yen is now at a 32-year low. Brian Decker discusses his experience with leverage trading and how he has progressed in his trading career.
