Bitcoin (BTC) price has held above $20,700 for 4 days, fueling bulls’ hope for another leg up to $23,000 or even $25,000. Behind the optimistic move was a decline in inflationary pressure, confirmed by the December 2022 wholesale prices for goods on Jan. 18.  The United States producer price index, which measures final demand prices across hundreds of categories also declined 0.5% versus the previous month. Eurozone inflation also came in at 9.2% year-on-year in December 2022, marking the… Source link

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion XMR was in the oversold zone with high selling pressure but with a likely trend reversal. A sharp increase in open interest rates could influence trend reversal.  Monero (XMR) lost about 15% of its value to the current price correction. After reaching a peak of $188, the price correction pulled it down to around $160. At… Source link

As the second biggest cryptocurrency by market capitalization Ethereum (ETH) continues to test resistance levels in January after a solid start to 2023, investors are interested whether Ethereum has more room to grow by the beginning of February. According to information acquired by Finbold using the machine learning algorithms at the crypto monitoring portal PricePredictions, the price of Ethereum is forecasted to trade at $1,582 on February 1, 2023, as per data collected on January 19.

Facebook outcasts, billionaire businessmen, pistachio slingers, Hollywood playboys, struggling musicians… The Winklevoss twins have worn many hats over the years – having shot to infamy after a famous fall-out with Meta founder Mark Zuckerberg, a story so sensationalized that it was forever immortalized by the movie industry.  But that unsteady celebrity has come at a high price for twins Tyler and Cameron, 41 – who are oft referred to as the ‘Winklevi’ in a nod to their eerily-identical… Source link

Data shows Litecoin has been observing accelerating adoptions recently, as its total addresses have now surpassed that of Ethereum. Litecoin Has Continued To See Rapid Adoption Recently As per a tweet from the director of the Litecoin Foundation, LTC’s growth has continued to accelerate even after surpassing Ethereum in total addresses. The “total addresses” here is an indicator from the on-chain analytics firm Glassnode that measures the total number of unique addresses of a… Source link

In his latest blog post released on Jan. 19, Arthur Hayes, the former CEO of BitMEX exchange predicted a “global financial meltdown” thanks to future United States economic woes. Hayes: Crypto will “get smoked” in Fed pivot Bitcoin’s current rally should likely not be taken as the start of a new bull run. That is the opinion of Arthur Hayes, who in a fresh treatise on U.S. macroeconomic policy this week warned that current Federal Reserve behavior would flip from restrictive to liberal,… Source link

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The orange Mercedes was parked along the Promenade in Davos. Nobody in the vicinity saw who parked it there. The license plate says “Kuna” on it, which is the name of a Ukrainian cryptocurrency exchange. Michael Chobanian, the founder of Kuna, confirmed that the car belongs to him. Arjun Kharpal | CNBC DAVOS, Switzerland — The mystery of the orange bitcoin car, that was first spotted by CNBC on Monday at the Alpine resort of Davos, Switzerland, has been solved and the owner is not impressed… Source link

Data shows the Litecoin mining hashrate has hit a new all-time high, can this signal be positive for the price of the crypto? Litecoin Mining Hashrate Sets New All-Time High At 683.52 TH/s Litecoin, much like Bitcoin, is a cryptocurrency that works on a consensus mechanism based on Proof-of-Work (PoW), meaning that network validators called miners handle the transactions on the network. These miners have to compete with each other using computing power to be able to get a chance at hashing… Source link

Peter Thiel’s fund made $1.8 billion cashing out its crypto positions last year, according to the Financial Times.Marco Bello/Getty Images Peter Thiel’s fund closed almost all of its crypto positions shortly before prices crashed last year, according to the Financial Times. Founders Fund made $1.8 billion cashing out its bet on digital assets, the publication said. Thiel predicted bitcoin’s price would surge 100 times around the same time his fund was reportedly selling its crypto… Source link