Bitcoin, the world’s largest cryptocurrency by market capitalization, rose 9.89% from Jan. 20 to Jan. 27, to US$23,003 at 4:30 p.m. on Friday afternoon in Hong Kong. Ether gained 2.26% in the same timeframe, to change hands at US$1,582. “The rally is driven by a broader sentiment in the financial markets. The belief is that inflation has peaked and the economic slowdown will force the Fed to soften its stance on interest rates. This might result in 1 or 2 quarters without any rate hike… Source link

Bitcoin was up and Ether was down during Asian trading hours on Friday as most of the top coins fell slightly. Polygon’s MATIC saw the biggest gains among the top 10 non-stablecoin cryptocurrencies by market capitalization. See related article: A series of events: Crypto’s 2022 timeline Fast facts Bitcoin gained by 0.08% to US$23,003 in the 24 hours to 4:30 p.m. in Hong Kong. Ether was down 1.45% to US$1,582, according to CoinMarketCap data. MATIC extended its rally with a 9.07% surge to… Source link

Economist and crypto trader Alex Kruger is expressing bullish sentiment toward Bitcoin (BTC), saying that the king crypto could mount a massive rally in 2023. Kruger tells his 150,800 Twitter followers that the top crypto asset by market cap could rally up to $35,000, a jump of around 52% from current levels, before a correction occurs. According to Kruger, such a rally by Bitcoin would be in line with how markets normally work. “Breaking through $30,000 then pulling back would… Source link

NAB, the 2nd largest bank in Australia, is launching a stablecoin on Ethereum (ETH) that will be used to facilitate payments and other financial transactions. Elsewhere in the industry, Bitcoin (BTC) is showing promising price increases in the midst of a bear market which is hopefully showing signs of ending whilst Orbeon Protocol (ORBN) is pushing forward with its presale, where millions of tokens have already been purchased. >>BUY ORBEON TOKENS HERE<< Ethereum (ETH) Ethereum… Source link

Canada-based Bitcoin (BTC) miner Hut 8 Mining Corporation has ramped up its ongoing fight with its power supplier for one of its mining sites, filing a lawsuit in a Canadian court. Hut 8 said on Jan. 26 it filed a Statement of Claim in the Superior Court of Justice of Ontario against Validus Power, an energy supplier for a Hut 8 mining facility in North Bay, Ontario. The firms have been in an ongoing dispute since early November 2022 due to what Hut 8 alleges is a failure by Validus to “meet… Source link

A senator in the U.S. state of Arizona has introduced a set of cryptocurrency bills, one of which seeks to make bitcoin legal tender. “Centralized digital money controlled by the central bankers is slavery. Decentralized bitcoin is freedom,” the lawmaker said. Arizona Lawmaker Wants to Make Bitcoin Legal Tender Arizona State Senator Wendy Rogers has introduced several crypto-related bills, including one to make bitcoin legal tender in her state. “Launched my crypto bills… Source link

Good morning. Here’s what’s happening: Prices: GDP cooled. Jobless claims sank, underlining the current tight job market and an economy that was still rising. But bitcoin and other cryptos were largely unimpressed by the latest data. Insights: Litecoin has operated largely out of the spotlight, even as its price has held up better than other cryptocurrencies. Prices CoinDesk Market Index (CMI) 1,078.95 −14.7 ▼ 1.3% Bitcoin (BTC) $22,892 −322.5 ▼ 1.4% Ethereum (ETH) $1,582 −41.5 ▼… Source link

Ethereum scaling tool Polygon’sMATIC token has surged 12% over the past 24 hours, continuing its strong momentum this year. MATIC was recently trading at $1.11. It is up 48% since Dec. 31 amid a spike in daily transactions that have made the blockchain the second largest for daily active users (DAU), according to data from Token Terminal. The rally comes amid a January upturn in the crypto market that has seen Aptos’ APT token skyrocketing more than 400%, Fantom’s FTM jumping about 145%… Source link

“We are seeing mass TVL increases for riskier projects and early stage applications,” Storry said. “In a bear market investors are more conservative and don’t want to take on huge risk, but now prices have picked up a little, they are more open to newer and riskier ecosystems like Polygon.” Source link

Popular crypto analyst Benjamin Cowen thinks Ethereum (ETH) is in for some tough days ahead despite its price surge this month. Cowen tells his 783,000 YouTube subscribers that he believes it is likely ETH will drop to the $600-800 range, a roughly 50-60% fall from current prices. Ethereum is trading at $1,579 at time of writing. The second-ranked crypto asset by market cap is down by more than 2% in the past 24 hours but up nearly 4% in the past week. Cowen says ETH’s price… Source link