The share price of cryptocurrency exchange Coinbase has surged by 69% since its all time lows and other crypto-related stocks including business intelligence firm MicroStrategy have recorded similar jumps with green candles all around since the start of 2023. The share price of Coinbase fell as low as $31.95 on Jan. 6, before shooting up to $54.14 by the close of trading on Jan. 17. Coinbase’s share price for the last month. Source: Yahoo Finance The rising share price will likely be… Source link

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Good morning. Here’s what’s happening: Prices: Bitcoin traded above $21,000 for a fourth consecutive day. Insights: Why are tokens for metaverse majors rallying when the platforms are struggling to keep users engaged? Prices CoinDesk Market Index (CMI) 1,017.20 +8.4 ▲ 0.8% Bitcoin (BTC) $21,215 +250.5 ▲ 1.2% Ethereum (ETH) $1,573 +23.8 ▲ 1.5% S&P 500 daily close 3,990.97 −8.1 ▼ 0.2% Gold $1,910 −2.7 ▼ 0.1% Treasury Yield 10 Years 3.54% ▲ 0.0 BTC/ETH prices per CoinDesk… Source link

“The fact that we are now flirting with $21,500 is amazing,” JJ Kinahan, CEO of trading provider IG North America, told CoinDesk TV’s “First Mover” program. “It correlates a little bit to the equity markets now, in that we’re starting to see people put out a little more risk. Volatility has come off there.” Source link

Monero (XMR) has been relatively less volatile when compared to other cryptocurrencies. So far Tuesday, the Digital Money has increased 2.5% to $171.94. InvestorsObserver is giving Monero a 14 Volatility Rank. Find out what this means to you and get the rest of the rankings on Monero! Low Volatility InvestorsObserver gives Monero a low volatility rank of 14, placing it in the bottom 14% of cryptos on the market. The Volatility… Source link

A popular analyst who correctly called Bitcoin’s (BTC) ascent above $20,000 says he’ll remain bullish on the king crypto until proven otherwise. Pseudonymous analyst DonAlt tells his 452,700 Twitter followers that Bitcoin’s strong performance last week suggests that BTC bears are starting to lose momentum. “Weekly close above $19,300 and we’ve reclaimed the first major support ever since the all-time high and the start of the bear market. That’d be a major shift in… Source link

More than one in three of the 535 senators and representatives in the U.S. Congress showed up to the new session with FTX baggage, having received campaign support from one of the senior executives of the fraud-ridden crypto giant, according to the latest report by CoinDesk’s Jesse Hamilton, Cheyenne Ligon and Elizabeth Napolitano. This article originally appeared in Crypto Markets Today, CoinDesk’s daily newsletter diving into what happened in today’s crypto markets. Subscribe to get it in… Source link

Ethereum price ascended nine days in a row. ETH is likely to take out the November high, 7% above the current market value. Based on historical evidence, ETH could decline by 25% and then rally toward all-time highs. Ethereum price continues to display robust strength in the market. Although disbelief may still linger amongst traders, ETH has the potential to rally considerably based on the technical factors mentioned below. Ethereum price shows strength Ethereum… Source link

James Parker became known as the Bitcoin millionaire, police said A £21m Bitcoin fraud netted a Blackpool-based gang so much money they struggled to spend it, said police. James Parker used a glitch in a trading website to siphon money with the help of Kelly Caton, Stephen Boys, Jordan Robinson and James Austin-Beddoes. They made money so quickly that Parker bought cars for strangers and gave away £5,000 vouchers to try to deal with the proceeds, Lancashire Police said. But it fell apart when… Source link

The two leading cryptocurrencies, Bitcoin and Ethereum, have experienced a volatile market in recent months. As the prices of these digital assets continue to fluctuate, investors and analysts are looking for signs of what the future may hold. Bitcoin has been experiencing a meteoric rise, surpassing $21,300 and Ethereum is not lagging behind either, having hit a peak of over $16,000. Binance Launch In Bahrain: What You Need To Know… Source link