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Letter

The Musk Effect: Crypto Weekly Newsletter #024

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Bitcoin and other cryptos kept rallying, trading above psychological levels after last week’s surge. Elon Musk's Twitter takeover boosts Dogecoin by 102%.

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Letter
One Button Capital
October 31, 2022
Oct 31

Welcome to One Click Crypto’s (1CC) newsletter.

Bitcoin and other cryptocurrencies kept rallying Monday, continuing to trade above psychological levels after last week’s surge. A flurry of central bank decisions, business results, and economic data might trigger volatility in digital assets over a few days.

Meanwhile, Elon Musk’s favorite crypto Dogecoin soars over +102% following the news of his Twitter takeover. The 1CC AI, on the other hand, is allocating 50.1% of its portfolio to crypto.

Market update

At the time of writing, Bitcoin is trading at $20,410, or +5.50% from 7 days ago. Ethereum, on the other hand, gained +16.51%. The total cryptocurrency market cap is $1.03T and Dogecoin is the big winner with a +110.01% ROI.

Data from Oct 31, 2022, at 16:45 UTC via Messari.io.

Latest news:

Binance Invests $500M in Musk’s Twitter Buyout

As Elon Musk completed his $44Bn acquisition of Twitter, Binance announced a $500M investment and plans to assist with the social media app’s blockchain development.

The newly-formed team will investigate how to build on-chain solutions to Twitter’s issues, such as the proliferation of bot accounts, a problem about which Musk has repeatedly complained and nearly retracted his offer.

Apple To Charge For NFT Trades

Apple clarified its policies regarding cryptocurrencies and non-fungible tokens, outlining what apps may do with these technologies. Apps that sell NFTs and related services must use Apple’s in-app payment mechanism, with Apple taking a 30 percent cut of in-app purchases.

FTX Stablecoin Launch is Very Likely According To CEO

The CEO of the well-known exchange FTX stated that the company is preparing to launch its stablecoin. Sam Bankman-Fried stated that the exchange knows how to create a stablecoin and will likely do so soon; it is currently seeking a launch partner. SBF also confirmed previous rumors that FTX is seeking additional funding for new acquisitions.

Other news

Our research

Read the latest One Click Crypto Report here.

Crypto market overview and in-depth research on the trading automation sphere. Comparison of over 14 trading bots in 2021–2022.

Other articles

How AI Took Over The Financial World

15 Crypto Funds 2021–2022 Performance

World’s Richest Gamblers (Investors)

AI Trading Bot Patterns & Behavior

One Click Crypto performance

Aggregated return of One Click Crypto vs. BTC and ETH

Bitcoin (BTC) gained +5.08%, while Ethereum (ETH) rose by +16.23% last week. One Click Crypto returned +4.05% on average.

Aggregated return for 7 and 30 days, measured on Oct 31 at 23:59 UTC. Source: 1CC Stats

Top trading strategy

Clipper was the most successful trading AI last week with a +5.99% average ROI. Performer v1 and Explorer returned +5.29% and +4.66% respectively.

Top-performing AI strategies between Oct 24 00:00 UTC and Oct 30 23:59 UTC. Source: 1CC Stats

Top-performing market pairs

In DOGE’s crypto week we saw Explorer gain over +60% in two market pairs, featuring the meme coin. Performer v2 gained +37.63% on DOGE:USDT as well.

Best market pairs and used strategy between Oct 24 00:00 UTC and Oct 30 23:59 UTC. Source: 1CC Stats

Product updates

October 28, 2022
- Resolved issues with the connection of API key after enabling “Spot trading”
- Resolved issue with the update of API key

October 25, 2022
- Rebranding of One Button Capital to One Click Crypto

October 21, 2022
- Functionality allowing users to refresh the recorded stable coin balance after topping up on their exchange account
- Changing portfolio overview page for “lite view”
- Resolved issue with 0 as the recorded price for Crypto.com (rejected order by exchange)

October 20, 2022
- Resolved issue with how price is recorded by Bitpanda Pro for filled market orders
- Resolved issue with the execution of orders for FTX users that don’t use subaccounts

Final word

Crypto ends the month on a positive note, as we see the market finally stabilizing amid Elon Musk’s Twitter buyout. One Click’s AI is slowly getting into a rhythm in the new crypto-economic conditions, and we are looking forward to November to bring green results.

For people who are in Europe in the upcoming weeks, here are the two main events that One Click Crypto will participate in:

Come and meet the team there or join the online discussion on One Click Crypto Hub.

Max Yampolsky,
CEO at One Click Crypto
ir@oneclick.fi

DISCLAIMER:
This is not financial advice. This newsletter is strictly educational and does not provide investment advice, solicit the purchase or sale of any assets, or encourage readers to make financial decisions. Please use caution and conduct independent research.

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