Only one week ago bitcoin was still hovering around the $17,000 mark. Photo: Getty Bitcoin (BTC-USD) broke through the $21,000 mark in early Monday trading, a considerable price movement from a low of $16,000 at the beginning of the year. The world’s largest digital asset by market capitalisation surged almost 25% in a week to $21,069. Only one week ago bitcoin was still hovering around the $17,000 mark. The price hike was echoed by other cryptocurrencies, with ethereum (ETH-USD) up 20% in a… Source link

Only one week ago bitcoin was still hovering around the $17,000 mark. Photo: Getty Bitcoin (BTC-USD) broke through the $21,000 mark in early Monday trading, a considerable price movement from a low of $16,000 at the beginning of the year. The world’s largest digital asset by market capitalisation surged almost 25% in a week to $21,069. Only one week ago bitcoin was still hovering around the $17,000 mark. The price hike was echoed by other cryptocurrencies, with ethereum (ETH-USD) up 20% in a… Source link

Expectations for bitcoin’s (BTC) price over the next six months have turned positive after a long time, in another sign of confidence in the cryptocurrency’s latest bull revival. Bitcoin’s 180-day call-put skew has crossed above zero for the first time since the start of 2021, indicating that bullish call options expiring in six months have become pricier than bearish put options, according to chart sourced from digital assets data provider Amberdata. The skew measures the price for calls… Source link

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Bitcoin (BTC) starts a new week at new 2023 highs but still dividing opinion after a blistering price rally. In what is shaping up to be the antidote to last year’s slow bleed lower, January has delivered the volatility Bitcoin bulls were hoping for — but can they sustain it? This is the key question for market participants going into the third week of the month. Opinion remains divided on Bitcoin’s fundamental strength; some believe outright that the march to two-month highs is a… Source link

Bitcoin and Ether gained in Monday afternoon trading in Asia, along with all other top 10 non-stablecoin cryptocurrencies. Solana posted the biggest gain among the top 10, followed by Polygon and Shiba Inu. See related article: Bitcoin miners return from winter storms, difficulty at an all-time high Fast facts Bitcoin traded 1.87% higher to US$21,121 in the past 24 hours to 4 p.m. in Hong Kong, a 22.72% rise over the past calendar week, according to CoinMarketCap data. Bitcoin briefly rose to… Source link

The Shanghai update for 32 ETH holding a value of US$45,000 has created a storm and created competition for LSD Coins have had a great second week of the calendar year, with Bitcoin, and Ethereum all reporting significant gains. Close examination indicates that liquid staking tokens, also known as “liquid staking derivatives (LSD),” are the market’s greatest winners. Over the past few days, the tokens supporting projects like Lido Finance, up to 50.3%, and Rocket Pool, up to 23.3%,… Source link

A closely followed crypto strategist is unveiling a bullish outlook for Bitcoin now that BTC is trading above $20,000. Pseudonymous analyst Cheds tells his 297,300 Twitter followers that a big rally may be in the cards for Bitcoin, with BTC poised to print a bullish reversal structure. “Above $18,200 opens up the possibility of an inverse head and shoulders complex, multiple shoulders (or wide left) and head with neck-base at $25,500.”  Source: Cheds/Twitter Looking at the… Source link

Crypto markets surged to regain the $1 trillion market capitalization mark over the weekend amid signs of bottoming and a record number of short liquidations contributing to the uptick. Nearly $500 million in shorts, or bets against higher prices, were liquidated since Friday to mark the highest such levels since October 2022, data from Coinalyze shows. Shorts liquidations were at their highest since 2021. (Coinanylze) The liquidation figure mean over 70% of traders booked losses as exchanges… Source link

The Bitcoin mining difficulty level jumped 10.26% on Monday morning in Hong Kong, hitting an all-time high reading of 37.59 trillion, as several U.S-based miners came back online from recent winter storms that forced them to unplug, according to data from BTC.com. See related article: Bitcoin hashrate drops nearly 40% as deadly U.S. storm unplugs miners Fast facts Bitcoin’s difficulty reading this time last year was at 26.64 trillion, almost 30% lower than the latest adjustment. Bitcoin’s… Source link