Bitcoin rose to its highest level since September, as markets prepared for the release of U.S. retail sales data. This afternoon’s economic release is expected to show a cooling off of sales, as consumers prepare for a recession. Ethereum also rose on the news, as it continued to hover close to $1,600. Bitcoin Bitcoin (BTC) rose above a key resistance level at $21,400 in today’s session, hitting a fresh multi-month high in the process. Following a low of $21,120.16, BTC/USD raced… Source link
Read More »Monthly Archives: January 2023
Don’t Buy Bitcoin Until You Learn More – Bitcoin Magazine
This is an opinion editorial by Tim Niemeyer, co-host of the Lincolnland Bitcoin Meetup. Source As you might have learned from watching the mainstream news, the bitcoin price has been pumping as of late. If you bought the top and held until now, you may consider taking advice from good ol’ Mr. Goldshill himself, Peter Schiff, and use this opportunity to sell. If you’re someone who missed the boat, though, you may reasonably wait for confirmation and buy closer to $70,000. For those… Source link
Read More »Ethereum price technicals hint at 35% gains versus Bitcoin in 2023
Ethereum’s native token, Ether (ETH), could grow by 35% versus Bitcoin (BTC) this year to hit 0.1 BTC for the first time since 2018 as it forms a classic bullish continuation pattern. Ethereum price must first break key resistance Dubbed an ascending triangle, the pattern forms when the price fluctuates inside a range defined by rising trendline support and horizontal trendline resistance. It typically resolves after the price breaks out in the direction of its previous trend. On a weekly… Source link
Read More »Shiba Inu Surpasses Litecoin (LTC) as SHIB Reaches Two Important Milestones
Yuri Molchan Shiba Inu has outperformed LTC, while SHIB jumps in price and manages to become popular among top whales Prominent doggy-themed token Shiba Inu has been on a tear this week. It has been demonstrating a massive price rise in the past seven days and last 24 hours and has outperformed another popular altcoin, Litecoin (LTC). It jumped to reach two milestones for the largest whales on Ethereum. SHIB outstrips LTC but is still behind Solana Shiba Inu’s market capitalization… Source link
Read More »This Crypto Will Be the Ethereum of 2023
When Ethereum (ETH 0.36%) started getting wide public notice in 2020 and 2021, it already had a huge lead over other blockchains that were launching amid the crypto bubble. Developers had spent years constructing tools and infrastructure that projects like non-fungible tokens (NFTs) and new tokens could build on. As we begin a new year, there’s one cryptocurrency that has the momentum of a different type that could make it the Ethereum of 2023. That’s Polygon (MATIC -2.41%), the… Source link
Read More »Will Bitcoin price crack $22K? Dollar weakness, Bank of Japan easing boost hopes
Bitcoin (BTC) faced a potentially volatile day on Jan. 18 as multiple macro triggers began to unsettle the outlook. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BoJ refuses to hike Data from Cointelegraph Markets Pro and TradingView showed BTC/USD holding firm above $21,000 on the day. The pair remained cool amid news from Japan, where the central bank, the Bank of Japan (BoJ) had decided to keep ultra-easy policy in place, defying expectations of an interest rate hike. In so… Source link
Read More »Bitcoin surges as investors return to riskier assets
The price of bitcoin has surged nearly 30 per cent against the dollar in January, raising hopes among its faithful followers that the crypto market is emerging from the credit crisis that gripped it for much of last year. The token, the most actively traded in the industry, has soared to more than $21,000 in the past week, breaking out of the tight range around $17,000 upon which it had settled following the collapse of the FTX crypto exchange in November. The cryptocurrency has joined… Source link
Read More »Ethereum Has Most Developers, But These Newer Chains Are Growing Fast – Blockworks
Permissionless is the brainchild of Blockworks and Bankless. Over 5,500 people attended the inaugural event in 2022, making Permissionless the world’s largest DeFi conference. What sets Permissionless apart? It’s a crypto native’s paradise, crafted specifically for both builders and investors who […] Source link
Read More »Ethereum Layer 2 Network Optimism Sees Bump in Transactional Activity. Here's Why it Matters – CoinDesk
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link
Read More »Bitcoin inches closer to a 10-year record, as other stats turn bullish
The world’s first cryptocurrency Bitcoin (BTC) is one day away from matching its historic 15-day win streak if its positive price movement keeps up. In November 2013 Bitcoin posted a 15-day consistent positive price movement, the longest in its history. ₿REAKING: #Bitcoin price has increased 14 days in row — A single day away from making a historic new record! pic.twitter.com/qclJhikcds — Documenting ₿itcoin (@DocumentingBTC) January 17, 2023 Right now, BTC is on day 14 of its win… Source link
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