BowTiedSats
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Bitcoin Up 15%

Bitcoin Up 15%

Sats O'Clock
May 13, 2022

Wake Up! It's Sats O'Clock.

Good morning. It's May 13, 2022.

Bitcoin recovered from a low of $26K and is sitting at around $30K at the time of writing.

Those that bought the dip are ~15% up. Binance delisted Luna as the coin was nearly 0 in it's last few hours of trading.

Binance will delist LUNA/USDT contracts as price falls below 0.005

The price of LUNA has fallen more than 99% in the last 24 hours to reach $0.004 following a mass sell-off, triggering Binance delisting its LUNA/USDT perpetual contracts soon.

https://cointelegraph.com/news/binance-will-delist-luna-usdt-contracts-as-price-falls-below-0-005

After creating trillions of extra LUNA coins, the Luna Foundation was unable to prop up the price.

This serves as a subtle reminder in the difference between centralized coins and Bitcoin.

Valkyrie's XBTO Bitcoin Futures Fund was approved by the SEC. It joins an ever-growing list of Bitcoin ETF's entering the market.

Valkyrie’s Bitcoin Futures ETF Gets SEC Approval, Following Teucrium Nod

The approval came as the firm used a different exchange act application, which also helped Teucrium get the green light for a similar product.

https://www.coindesk.com/business/2022/05/05/valykries-bitcoin-futures-etf-gets-sec-approval-following-teucrium-nod/

Mark Cuban, a man who made his wealth during the dot com boom, likens crypto to the early era of the Internet.

Another Billionaire, Bill Miller explained how Bitcoin was his insurance policy.

BREAKING: Billionaire Bill Miller on #Bitcoin, "I own it as an insurance policy against financial catastrophe."
— BREAKING (@BreakingBTC)
7:42 PM • May 12, 2022

For those unaware, Bill bought Bitcoin when it was $200. Even though he was margin called on a portion of his Bitcoin this week, it goes to show that some people are in it for the long run.

In the last 24 hours, ~$158M worth of Bitcoin has been liquidated.

It seems as if the shorts are decreasing as the price has gone above $30K.

Incase you missed it...

Michael Saylor explains the market crash and the future outlook of Bitcoin.

My discussion with @BTC_Archive today covering #bitcoin, the crypto crash, and why I am more optimistic than ever.
— Michael Saylor⚡️ (@saylor)
10:20 PM • May 12, 2022

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