My parents are literally the backbone of my story. They’ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for anything else in this world.

I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments.

When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency.

Trust me, I’ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that’s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets.

My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies.

Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people – people who make an impact in my life no matter how little it is.

One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I’m so good at it. I am also very good at singing, dancing, acting, fashion and others.

I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone’s life. I don’t chase illusions, I chase dreams.

I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I’m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top.

I aspire to be a boss someday, having people work under me just as I’ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. Everyone knows the road ahead is not as easy as it looks, but with God Almighty, my family, and shared passion friends, there is no stopping me.

Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems.

In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others.

In his early years, Semilore honed his skills as a content writer, curating educational articles that catered to a wide audience. His pieces were particularly valuable for individuals new to the crypto space, offering insightful explanations that demystified the world of digital currencies.

Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative.

Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information.

Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets.

Outside his work, Semilore possesses other passions like all individuals. He is a big music fan with an interest in almost every genre. He can be described as a “music nomad” always ready to listen to new artists and explore new trends.

Semilore Faleti is also a strong advocate for social justice, preaching fairness, inclusivity, and equity. He actively promotes the engagement of issues centred around systemic inequalities and all forms of discrimination.

He also promotes political participation by all persons at all levels. He believes active contribution to governmental systems and policies is the fastest and most effective way to bring about permanent positive change in any society.

In conclusion, Semilore Faleti exemplifies the convergence of expertise, passion, and advocacy in the world of crypto journalism. He is a rare individual whose work in documenting the evolution of cryptocurrency will remain relevant for years to come.

His dedication to demystifying digital assets and advocating for their adoption, combined with his commitment to social justice and political engagement, positions him as a dynamic and influential voice in the industry.

Whether through his meticulous reporting at NewsBTC or his fervent promotion of fairness and equity, Semilore continues to inform, educate, and inspire his audience, striving for a more transparent and inclusive financial future.

Bitcoin is still struggling below $17,000 and centralized exchange inflows and inflows seem to be mirroring the trend of the digital asset. Over the last 24 hours, the net flows from exchanges have been seeing a near balance between inflows and outflows.

Balancing Each Other Out

The exchange net flows reported by Glassnode show barely any difference between the amounts flowing into and out of exchanges. For bitcoin, it recorded $538.6 million worth of BTC flowing into exchanges and $557.4 million flowing out for the same time period. This brought net flows to a measly negative $18.8 million in the 24-hour period.

Ethereum was not much different in this regard with $247.8 million in inflows and $245 million in outflows. For the second-largest cryptocurrency by market cap, net flows were at a positive $2.8 million, showing even less disparity compared to bitcoin.

The USDT stablecoin issued by Tether was still very muted in this regard. The $563.6 million in outflows compared to $572.8 million in inflows brought its net flows to a positive $9.2 million. More disparity compared to ethereum but is just as muted.

Daily On-Chain Exchange Flow#Bitcoin $BTC
$538.6M in
$557.4M out
Net flow: -$18.8M#Ethereum $ETH
$247.8M in
$245.0M out
Net flow: +$2.8M#Tether (ERC20) $USDT
$572.8M in
$563.6M out
Net flow: +$9.2Mhttps://t.co/dk2HbGwhVw

— glassnode alerts (@glassnodealerts) December 22, 2022

What This Means For Bitcoin

With the FUD around the Binance crypto exchange losing steam already, there is not much to trigger either large inflows or outflows at a time. This is why these top assets are seeing almost identical net flows. The market is still reeling from the contagion of the FTX collapse and traders and investors alike are refusing to take any big bets.

The impact of this has been that the price of bitcoin has not seen any meaningful movement. While it continues to maintain its critical support level above $16,500, there has been not much momentum to help it retest the $17,000 resistance level.

BTC falls below $16,700 | Source: BTCUSD on  TradingView.com

Investor sentiment is also holding steady around 28 on the Fear & Greed Index, putting investors out of the misery that is extreme fear but also leaving just enough caution in the market to prevent any panic buying or selling.

If momentum fails to pick up, decreased trading volume around the holidays for the next two weeks could push bitcoin below the $16,000 level. If this happens, then the digital asset could end up closing the month of December in the red.

BTC is changing hands at $16,690 at the time of this writing. It is down 4.94% in the last 7 days and 0.23% in the last 24 hours.

Featured image from Vauld, chart from TradingView.com

In a previous article, we covered a previously unseen performance by Shiba Inu token, which resulted in historically low average daily volatility as the asset’s price stayed on the same level for the last seven days. Luckily, things have changed today.

According to the daily chart of Shiba Inu, the token successfully broke the stalemate we saw previously and is now moving to the upper border of the range formed back in July. If the token reaches the upper border, we are going to see a consolidation In which the asset will either rush to the next resistance levels or reverse to the lower border of the range.

The formation we can see on Shiba Inu is now the flag pattern, which occurs during sharp trends and acts as a “cool-off.” Unfortunately, statistics show that most assets drop below the lower border of the pattern and search for a new bottom. Nevertheless, there is a chance that Shiba Inu will see a spike in upward volatility that will have a positive impact on the price.

The market has already confirmed the pattern formation with the help of volume profiles that show a descending dynamic usual for this kind of pattern. We will most likely see a spike in trading volume once SHIB breaks the local resistance level and exits the chart pattern.

The cryptocurrency market is still struggling to gain the same inflow pace, which would allow assets like Shiba Inu and Dogecoin to gain a second breath and show us the results we saw back in 2021.

At press time, SHIB is changing hands at $0.0000012 and showing a mild 2.5% price increase in the last 24 hours.