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- Syria considers legalizing Bitcoin for economic recovery.
Syria considers legalizing Bitcoin for economic recovery.
The #1 tool to spot the Bitcoin top.
Welcome back to the Daily Coinsauce Newsletter! Let’s dive into today’s updates—there’s a lot to unpack!
💧Top headlines from the last 24 hours:
• Syria proposes to legalize Bitcoin for economic recovery
• MicroStrategy Reports Significant Bitcoin Gains in Q4
📕Educational :
• How to find the Bitcoin top.
Lets dive in.
📅 Today
Syria Considers Legalizing Bitcoin!
Syria’s transitional government is considering legalizing Bitcoin to rebuild its economy, stabilize its currency, and attract global investors after the Assad regime’s collapse.
The proposal includes digitizing the Syrian pound on blockchain, legalizing Bitcoin trading and mining, and allowing entrepreneurs to use energy resources for crypto operations.
Challenges for the implementation of the same include international sanctions, technical infrastructure gaps, and the debts left by the Assad regime, but Bitcoin could help Syria bypass traditional financial systems
MSTR Improves BTC Yield!
Since the beginning of Q4, $MSTR treasury operations delivered a BTC Yield of 47.8%, a net benefit of 120,600 BTC to our shareholders. At $96K per BTC, that equates to $11.6 billion for the quarter.
— Michael Saylor⚡️ (@saylor)
2:35 PM • Dec 31, 2024
Michael Saylor, announced on X that since the beginning of the fourth quarter, the company's financial operations have yielded a 47.8% return on Bitcoin,
This has resulted in a net gain of 120,600 BTC for the company's shareholders. Calculated at a rate of $96,000 per BTC, the earnings for this quarter amount to $11.6 billion.
This means that each share has 48% more Bitcoin/Share.
In total, the company holds 446,400 $BTC acquired for ~$27.9 billion at ~$62,428 per bitcoin.
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🌎 Other News
Syria Proposes Bitcoin Legalization to Rebuild War-Torn Economy. Read more
Tether Leads Protocol Revenue With $5.257 Billion in 2024. Read more
Ethereum ETFs Set New Record in December. Read more
IRS Crypto Tax Rules Will Be Adjusted in 2026. Read more
Virtuals Protocol (VIRTUAL) Hits an All-Time. Read more
📕 Educational
Timing the Market with the CBBI: A Guide to Spot Crypto Tops and Bottoms 💪
Timing is one of the most valuable skills in crypto—if only buying low and selling high were that easy! Fortunately, there’s a tool that brings together high-quality metrics to help you navigate the tops and bottoms of Bitcoin cycles:
The Colin Talks Crypto Bitcoin Bull Run Index (CBBI), created by ColinTCrypto.
CBBI uses multiple metrics to evaluate the confidence that we are at the price peak of the current Bitcoin bull run.
→ What is the CBBI?
The CBBI is an index that uses real-time analysis of 9 advanced metrics to gauge the current stage of Bitcoin's bull and bear market cycles.
→ Incorporated Metrics:
1. Net Unrealized Profit/Loss (NUPL)
2. RHODL Ratio
3. The Puell Multiple
4. 2-Year MA Multiplier
5. Bitcoin Rainbow Price Chart
6. MVRV Z-Score
7. Reserve Risk
8. Woobull
9. Pi Cycle Top Indicator
→ Using CBBI for Selling the Top:
Turn on all the metrics and observe the index value:
Start considering selling when the index is above 90.
Sell more aggressively when it reaches 95 or higher.
→ Using CBBI for Buying the Bottom:
Reverse the approach for buying:
Start buying when the index falls below 10.
Buy aggressively when it drops below 5.
→ Historic Performance & Looking Ahead :
The CBBI has historically provided strong signals near cycle peaks:
December 2013: CBBI reached 97 (BTC price: $1,183, Cycle Peak Price: $1,242)
December 2017: CBBI peaked at 100 (BTC price: $19,300, Cycle Peak Price: $19,300)
April 2021: CBBI hit 97 (BTC price: $63,500, Cycle Peak Price: $69,000)
Currently, the index value stands at 78, far below an expected peak.
→ Important Note:
Past performance is not indicative of future results. While the CBBI provides a reasonable framework for timing entries and exits, it doesn’t guarantee perfect market timing. Use it as a guide, not an absolute rule.
📊 Stat of the day
Billionaires holding Bitcoin
🤣 Meme of the day
That concludes our update for today!
We appreciate you joining us for the latest news. We aim to provide the best-in-class insights and highlights that keep you well-informed and ready.
Remember to join us on Telegram and Twitter for additional updates and giveaways. Until then, see you next time!
Disclaimer: None of the content shared in the newsletter is financial advice. Always do your own research and analysis before investing.
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