{"id":3131,"date":"2020-11-09T20:13:04","date_gmt":"2020-11-09T19:13:04","guid":{"rendered":"https:\/\/satt-token.com\/blog\/?p=3131"},"modified":"2022-03-15T11:49:38","modified_gmt":"2022-03-15T10:49:38","slug":"crypto-highlights-week-45-what-will-the-future-look-like-for-crypto-under-a-biden-administration","status":"publish","type":"post","link":"https:\/\/satt-token.com\/blog\/archives\/3131","title":{"rendered":"Crypto Highlights Week #45 \u2013 What will the future look like for Crypto under a Biden Administration?"},"content":{"rendered":"<p><b>Crypto Highlights:<\/b><i> Launch of Digital Yuan ahead of Digital Dollar, Bitcoin to test 16k resistance, Silver lining for DeFi amidst 60% crash and many more in this week\u2019s Crypto Highlights.&nbsp;<\/i><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_32 counter-hierarchy counter-decimal ez-toc-grey\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table des mati\u00e8res<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" style=\"display: none;\"><label for=\"item\" aria-label=\"Table des mati\u00e8res\"><i class=\"ez-toc-glyphicon ez-toc-icon-toggle\"><\/i><\/label><input type=\"checkbox\" id=\"item\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1'><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/satt-token.com\/blog\/archives\/3131\/#Top_Headlines_Of_The_Week\" title=\"Top Headlines Of The Week\">Top Headlines Of The Week<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/satt-token.com\/blog\/archives\/3131\/#Top_Stories_Of_The_Week\" title=\"Top Stories Of The Week\">Top Stories Of The Week<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/satt-token.com\/blog\/archives\/3131\/#What_will_the_future_look_like_for_Crypto_under_a_Biden_Administration\" title=\"What will the future look like for Crypto under a Biden Administration?\">What will the future look like for Crypto under a Biden Administration?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/satt-token.com\/blog\/archives\/3131\/#Can_China_Dethrone_the_US_Digital_Dollar_as_the_Worlds_Reserve_Currency\" title=\"Can China Dethrone the US Digital Dollar as the World&#8217;s Reserve Currency?\">Can China Dethrone the US Digital Dollar as the World&#8217;s Reserve Currency?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/satt-token.com\/blog\/archives\/3131\/#DeFi_Crashes_While_Bitcoin_Flourishes_Thoughts\" title=\"DeFi Crashes While Bitcoin Flourishes : Thoughts ?\">DeFi Crashes While Bitcoin Flourishes : Thoughts ?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/satt-token.com\/blog\/archives\/3131\/#Exclusive_From_SaTT\" title=\"Exclusive From SaTT\">Exclusive From SaTT<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/satt-token.com\/blog\/archives\/3131\/#SaTT_Embark_on_the_Open_Source_Route_-_Featured_News\" title=\"SaTT Embark on the Open Source Route &#8211; Featured News\">SaTT Embark on the Open Source Route &#8211; Featured News<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/satt-token.com\/blog\/archives\/3131\/#Mainstream_Adoption_Of_The_Week\" title=\"Mainstream Adoption Of The Week\">Mainstream Adoption Of The Week<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/satt-token.com\/blog\/archives\/3131\/#Bitcoin_at_15000_is_now_Bigger_than_Netflix_Paypal_and_Coca_Cola\" title=\"Bitcoin at $15000 is now Bigger than Netflix, Paypal and Coca Cola&nbsp;\">Bitcoin at $15000 is now Bigger than Netflix, Paypal and Coca Cola&nbsp;<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/satt-token.com\/blog\/archives\/3131\/#This_Weeks_Market_Sentiment\" title=\"This Week\u2019s Market Sentiment\">This Week\u2019s Market Sentiment<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/satt-token.com\/blog\/archives\/3131\/#Will_Bitcoin_Manage_to_go_past_the16k_Resistance_Level\" title=\"Will Bitcoin Manage to go past the16k Resistance Level?\">Will Bitcoin Manage to go past the16k Resistance Level?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/satt-token.com\/blog\/archives\/3131\/#Meme_Of_The_Week\" title=\"Meme Of The Week\">Meme Of The Week<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Top_Headlines_Of_The_Week\"><\/span><b>Top Headlines Of The Week<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Will China beat the US in the race to launch the first CBDC?&nbsp;<\/strong><\/li>\n<li><strong>With Joe Biden, the new President Elect how does the future of crypto look like?&nbsp;<\/strong><\/li>\n<li><strong>Bitcoin is now bigger than major companies like Paypal, Disney, Neflix&nbsp;<\/strong><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Top_Stories_Of_The_Week\"><\/span><b>Top Stories Of The Week<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_will_the_future_look_like_for_Crypto_under_a_Biden_Administration\"><\/span><a href=\"https:\/\/www.coindesk.com\/biden-beats-trump\" target=\"_blank\" rel=\"noopener\"><b><i>What will the future look like for Crypto under a Biden Administration?<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-3139 size-full\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/11\/https___d1e00ek4ebabms.cloudfront.net_production_60bb90e0-7d1c-4f33-9592-1b6d641ff15a.jpg\" alt=\"\" width=\"700\" height=\"394\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/11\/https___d1e00ek4ebabms.cloudfront.net_production_60bb90e0-7d1c-4f33-9592-1b6d641ff15a.jpg 700w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/11\/https___d1e00ek4ebabms.cloudfront.net_production_60bb90e0-7d1c-4f33-9592-1b6d641ff15a-300x169.jpg 300w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">The wait is finally over ! The most anticipated <\/span><a href=\"https:\/\/edition.cnn.com\/2020\/11\/09\/politics\/election-2020-donald-trump-joe-biden-coronavirus\/index.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">election<\/span><\/a> <span style=\"font-weight: 400;\">of year 2020 has ended with Donal Trump missing his chance for a 2nd term in office. It is one of fewer occasions in the history of US politics where an incumbent <\/span><a href=\"https:\/\/www.independent.co.uk\/news\/world\/americas\/us-politics\/how-many-us-presidents-lost-second-term-b1640998.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">US president hasn\u2019t been elected to a 2nd term<\/span><\/a><span style=\"font-weight: 400;\">. The brighter side here is that this has brought forward a new era for the Americans under a Joe Biden administration. This administration is also historic as Joe\u2019s running mate Senator Kamala Harris became the<\/span><a href=\"https:\/\/edition.cnn.com\/2020\/11\/07\/politics\/kamala-harris-first-vice-president-female-black-south-asian\/index.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\"> first Black, Asian, Female Vice President<\/span><\/a><span style=\"font-weight: 400;\">. <\/span><span style=\"font-weight: 400;\">One of the questions that\u2019s&nbsp; now on everyone\u2019s mouth is, what does the new Biden administration mean for crypto?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Qiao Wang, lead at DeFi accelerator DeFi Alliance, cheered Trump\u2019s loss, noting that the President had <\/span><a href=\"https:\/\/cointelegraph.com\/news\/president-donald-trump-tweets-opposition-to-cryptocurrencies\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">tweeted negatively about Bitcoin and Libra <\/span><\/a><span style=\"font-weight: 400;\">&nbsp;in the past:<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-3132\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/11\/Capture.png\" alt=\"\" width=\"700\" height=\"285\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/11\/Capture.png 585w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/11\/Capture-300x122.png 300w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Another notable comment from investor Mike Novogratz indicated that a democratic administration is more healthy for crypto.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-3133\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/11\/Capture-2.png\" alt=\"\" width=\"700\" height=\"664\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/11\/Capture-2.png 596w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/11\/Capture-2-300x284.png 300w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Can_China_Dethrone_the_US_Digital_Dollar_as_the_Worlds_Reserve_Currency\"><\/span><a href=\"https:\/\/www.voanews.com\/economy-business\/chinas-digital-currency-takes-shape-will-it-challenge-dollar\" target=\"_blank\" rel=\"noopener\"><b><i>Can China Dethrone the US Digital Dollar as the World&#8217;s Reserve Currency?<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-3138\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/11\/Digital-Yuan-.jpg\" alt=\"\" width=\"700\" height=\"394\" title=\"\"><\/p>\n<p><span style=\"font-weight: 400;\">Central Bank Digital Currency or more commonly known as \u2018CBDC\u2019 has become an industry buzzword of late. One of the futuristic blockchain innovations that has been discussed at length since Covid-19 is the importance of digital currencies. As some major governments have demonstrated positive sentiments towards a CBDC such as <\/span><a href=\"https:\/\/www.rba.gov.au\/media-releases\/2020\/mr-20-27.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Australia<\/span><\/a><span style=\"font-weight: 400;\">, <\/span><a href=\"https:\/\/www.bankofcanada.ca\/2020\/10\/central-banks-and-bis-publish-first-central-bank-digital-currency-cbdc-report\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Canada <\/span><\/a><span style=\"font-weight: 400;\">of late, the launch of the first CBDC has switched from being a mere research interest to a near-term possibility.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The discussion for a US Digital Dollar grabbed mainstream attention when the Trump administration was <\/span><a href=\"https:\/\/www.sygna.io\/blog\/why-fed-issued-digital-dollar-cbdc-nearly-made-congress-2-trillion-dollar-stimulus-bill\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">first issuing its stimulus package<\/span><\/a><span style=\"font-weight: 400;\">. Recently we witnessed another small scale example of a digital currency implementation from a village in <\/span><a href=\"https:\/\/cointelegraph.com\/news\/sleepy-swiss-town-launches-tezos-backed-coronavirus-aid-program\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Switzerland<\/span><\/a><span style=\"font-weight: 400;\">.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Today\u2019s spotlight speaks of the race between&nbsp; the US Digital Dollar vs Digital Yuan. As the two leading global economies in the world, many predicted that whoever is first to launch the CBDC will have a significant advantage over the other&nbsp; in the long term.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Looking at a statement issued by David Roche, the president of <\/span><a href=\"https:\/\/www.instrategy.com\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Independent Strategy<\/span><\/a><span style=\"font-weight: 400;\">, the story is two-fold. While China can win the race to become the first to launch a CBDC in the form of a digital Yuan, it would take a long time for it to replace or dethrone the U.S Dollar. The reasons explained clearly in the below statement;<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400;\">\u201c Dethroning the dollar &#8211; which the euro tried to do, and settled at a miserable 18\u201320% of all the international things that go on \u2014 is very, very difficult. [&#8230;] There is a certain amount of illusion at the moment that the yuan \u2014 which accounts for 2% of international trade settlements and even less if you come to financial investment flows \u2014 that this can take over.\u201d<\/span><\/p><\/blockquote>\n<h3><span class=\"ez-toc-section\" id=\"DeFi_Crashes_While_Bitcoin_Flourishes_Thoughts\"><\/span><a href=\"https:\/\/cointelegraph.com\/news\/binance-s-defi-index-crashes-60-as-bitcoin-overshadows-altcoins\" target=\"_blank\" rel=\"noopener\"><b><i>DeFi Crashes While Bitcoin Flourishes : Thoughts ?<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-3137\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/11\/302BE9B00E737C42C47BE1D4A02F59DFDB1D41D777D53FE89A38EB506C5262EC.jpg\" alt=\"\" width=\"700\" height=\"368\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/11\/302BE9B00E737C42C47BE1D4A02F59DFDB1D41D777D53FE89A38EB506C5262EC.jpg 600w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/11\/302BE9B00E737C42C47BE1D4A02F59DFDB1D41D777D53FE89A38EB506C5262EC-300x158.jpg 300w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">While it has been raining Bitcoin for crypto lovers, it hasn\u2019t been that well for DeFI followers. The DeFI index in <\/span><a href=\"https:\/\/www.binance.com\/en\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Binance <\/span><\/a><span style=\"font-weight: 400;\">has crashed by 60% compared to the flourishing success witnessed by Bitcoin. Similarly several altcoins too have had to embrace the impact of <\/span><i><span style=\"font-weight: 400;\">Bitcoin in the spotlight<\/span><\/i><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Binance\u2019s DeFi Composite Index is now trading under $400 \u2014 a 60% decline from it&#8217;s all-time highs. Most DeFi tokens have erased 70%\u201390% of their gains since early September which has brought a lot of questions to the public as to what could be the reason behind this.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In a statement issued by the No.1 cryptocurrency exchange, it said;<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400;\">It has been an \u201cunderwhelming month\u201d for large-cap cryptos such as ETH, XRP, BCH and LTC, all of which only eked out \u201cmodest gains\u201d in October.<\/span><\/p><\/blockquote>\n<p><span style=\"font-weight: 400;\">While the DeFi market has crashed, it hasn\u2019t been all bad signs. The Total Value Locked(TVL) in DeFi still remains at $12.16 Billion. The value of ETH locked in DeFi accounts to nearly 8% of that $12 Billion.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Exclusive_From_SaTT\"><\/span><b>Exclusive From SaTT<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"SaTT_Embark_on_the_Open_Source_Route_-_Featured_News\"><\/span><a href=\"https:\/\/techbullion.com\/satt-embarks-on-the-open-source-route-satt-token-gets-wrapped-wsatt-for-uniswap\/\" target=\"_blank\" rel=\"noopener\"><b><i>SaTT Embark on the Open Source Route &#8211; Featured News<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div id=\"attachment_3086\" style=\"width: 786px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-3086\" class=\"img-responsive wp-image-3086 size-full\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/10\/Roadmap.jpeg\" alt=\"SaTT Roadmap\" width=\"776\" height=\"828\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/10\/Roadmap.jpeg 776w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/10\/Roadmap-281x300.jpeg 281w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/10\/Roadmap-768x819.jpeg 768w\" sizes=\"auto, (max-width: 776px) 100vw, 776px\" \/><p id=\"caption-attachment-3086\" class=\"wp-caption-text\">SaTT Roadmap<\/p><\/div>\n<p><span style=\"font-weight: 400;\">In this week&#8217;s crypto highlights, here&#8217;s a refresher on the SaTT Roadmap announced just a few weeks ago.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">SaTT members can still earn an exclusive 10-day staking reward to further entice WSATT holders to add more liquidity to the WSATT\/ETH pool. Staking rewards details are as follows;<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">10 days: 2% &#8211; Limited to first 50 participants<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">30 days &#8211; 3%<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">90 days &#8211; 10%<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">180 days &#8211; 22%<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Early last week, SaTT <a href=\"https:\/\/techbullion.com\/satt-embarks-on-the-open-source-route-satt-token-gets-wrapped-wsatt-for-uniswap\/\" target=\"_blank\" rel=\"noopener\">announced<\/a> to the world in a featured news piece that their ultimate destination is to be Open-Source.\u2019<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Mainstream_Adoption_Of_The_Week\"><\/span><b>Mainstream Adoption Of The Week<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Bitcoin_at_15000_is_now_Bigger_than_Netflix_Paypal_and_Coca_Cola\"><\/span><a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-at-15k-is-now-bigger-than-paypal-coca-cola-netflix-disney\" target=\"_blank\" rel=\"noopener\"><b><i>Bitcoin at $15000 is now Bigger than Netflix, Paypal and Coca Cola&nbsp;<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-3136\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/11\/mg_7522-100638214-large.jpg\" alt=\"\" width=\"700\" height=\"467\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/11\/mg_7522-100638214-large.jpg 580w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/11\/mg_7522-100638214-large-300x200.jpg 300w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Did you ever imagine a day would come where Bicoin is considered more valuable than some of the world&#8217;s leading companies? The D-day has come!&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Just two months ago, the Bitcoin price was around $10k with a market capitalization of $190 billion. Fast forward to today, Bitcoin is currently around the $15k mark and aiming to go past $16k as the next resistance level. Today it records a market cap of $280 billion.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">That is if you consider Bitcoin as a company, its valuation today is at $280 billion which is way higher than companies such as <\/span><a href=\"https:\/\/www.forbes.com\/sites\/arielshapiro\/2020\/04\/16\/netflix-stock-hits-record-high-is-now-worth-more-than-disney\/?sh=27ecd6864b26\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Netflix<\/span><\/a><span style=\"font-weight: 400;\">, <\/span><a href=\"https:\/\/www.forbes.com\/companies\/paypal\/?sh=7e4dec146f44\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Paypal<\/span><\/a><span style=\"font-weight: 400;\">, Disney and Coca-Cola.&nbsp; Compared to the public listed companies in the world,&nbsp; Bitcoin is currently behind Home Depot valued at $306B. If Bitcoin can continue this bull run to secure the 16th place among these listed giants, it would displace Mastercard as well which would be a significant achievement to the world\u2019s most desired cryptocurrency.&nbsp;<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"This_Weeks_Market_Sentiment\"><\/span><b>This Week\u2019s Market Sentiment<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Will_Bitcoin_Manage_to_go_past_the16k_Resistance_Level\"><\/span><a href=\"https:\/\/cointelegraph.com\/news\/price-analysis-11-6-btc-eth-xrp-bch-link-bnb-ltc-dot-ada-bsv\" target=\"_blank\" rel=\"noopener\"><b>Will Bitcoin Manage to go past the16k Resistance Level?<\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">This week\u2019s market sentiment focuses mainly on Bitcoin and its continuous momentum from the last few weeks. Bitcoin enjoyed an extended bull run starting from the US Election and continuing through the long 4 days of vote counting. However the strong rally that started at $14000 on Bitcoin\u2019s 12th birthday ended up at $15956.26 on Nov 6th.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Since then, BTC has failed to push the current resistance levels to make a run at $16k. The price keeps hovering around the $14500 &#8211; $15600 range over the past several days since. What does the BTC outlook look like for the coming week?<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-3135\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/11\/f9f78b39-baad-4ae6-afd1-cf1e2defb16c.png\" alt=\"\" width=\"700\" height=\"466\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/11\/f9f78b39-baad-4ae6-afd1-cf1e2defb16c.png 1162w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/11\/f9f78b39-baad-4ae6-afd1-cf1e2defb16c-300x200.png 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/11\/f9f78b39-baad-4ae6-afd1-cf1e2defb16c-1024x681.png 1024w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/11\/f9f78b39-baad-4ae6-afd1-cf1e2defb16c-768x511.png 768w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Looking at the above technical analysis, the trend is clearly in favour of bulls at the moment. According to the analysts, if the bulls buy the dip at $14000 it will suggest that the support has been regained for the bulls to&nbsp; continue further on another bullish run. The recent dip below $15000 may indicate that dip as well if so this could very well establish as the floor for future price declines.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Most importantly for our readers, if BTC manages to go past 16k this could definitely indicate prices to as high up as $17000-$17200 before finally making a shot at claiming a new ATH for Bitcoin. With Biden becoming the new president of the US, many await to figure out his views towards crypto and digital assets upon which the prices will further fluctuate.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Given that the recent plummet didn\u2019t go lower than $14000, it is safe to assume that the bulls are in play now and we can expect to look forward to a very interesting week for BTC.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Meme_Of_The_Week\"><\/span><b>Meme Of The Week<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-3134\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/11\/MW-FS305_hodlin_20170814145501_NS.jpg\" alt=\"\" width=\"600\" height=\"423\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/11\/MW-FS305_hodlin_20170814145501_NS.jpg 600w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/11\/MW-FS305_hodlin_20170814145501_NS-300x212.jpg 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/p>\n<p>We hope you enjoyed this week&#8217;s edition of crypto highlights. For a peek at our last edition of crypto highlights &amp; blockchain news, click <a href=\"https:\/\/satt-token.com\/blog\/2020\/11\/02\/crypto-highlights-week-44-everything-from-last-week-you-dont-want-to-miss\/\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crypto Highlights: Launch of Digital Yuan ahead of Digital Dollar, Bitcoin to test 16k resistance, Silver lining for DeFi amidst 60% crash and many more in this week\u2019s Crypto Highlights.&nbsp; Top Headlines Of The Week Will China beat the US [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":3142,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[47],"tags":[79,106,116],"class_list":["post-3131","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-stories","tag-bitcoin","tag-crypto-weekly","tag-ethereum"],"_links":{"self":[{"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/posts\/3131","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/comments?post=3131"}],"version-history":[{"count":2,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/posts\/3131\/revisions"}],"predecessor-version":[{"id":11015,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/posts\/3131\/revisions\/11015"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/media\/3142"}],"wp:attachment":[{"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/media?parent=3131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/categories?post=3131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/tags?post=3131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}