Just_Super Bit Digital (NASDAQ:BTBT) is primarily a Bitcoin (BTC-USD) mining business based in the United States. I’ve previously covered Bit Digital for Seeking Alpha several months ago. At the time, the mining space was just starting to deal with issues from low BTC prices and counter party bankruptcies. In my view, this was a headwind for Bit Digital specifically because of its use of mining hosts. While the article probably read pretty harsh if you’re a BTBT bull, the one positive thing… Source link

Bitcoin and Ether prices were little changed in Monday morning trading in Asia. Several of the top 10 non-stablecoin cryptocurrencies took a breather after strong gains over the weekend on the back of signs inflation may have peaked in the U.S., leading investors to bet the Federal Reserve may begin to ease back on increases in interest rates. See related article: Bitcoin price rebounds as U.S. inflation cools Fast facts Bitcoin dipped 0.4% to US$20,882 in the 24 hours to 8 a.m. in Hong Kong… Source link

Monero (XMR) gets a neutral rating from InvestorsObserver Sunday. The coin is down 1.36% to $174.13 while the broader crypto market is down 0.43%. Monero has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on Monero! Neutral Over the last five days, Monero has earned a Neutral rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Monero over… Source link

Since The Merge, Ethereum’s onchain fees have been considerably lower. However, combined transaction volume on layer two (L2) chains Arbitrum and Optimism has outpaced Ethereum’s onchain transaction output. On Saturday, Jan. 14, 2023, Ethereum processed 1.10 million onchain transactions, while combined transactions on Arbitrum and Optimism reached 1.32 million for the same day. Rise of L2 Scaling Solutions Arbitrum and Optimism Onchain transaction fees have decreased significantly… Source link

Litecoin (LTC) gets a neutral rating from InvestorsObserver Sunday. The Digital Money asset is down 0.45% to $87.5 while the broader crypto market is down 0.11%. Litecoin has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on Litecoin! Neutral Over the last five days, Litecoin has earned a Neutral rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the… Source link

After a tumultuous 2022, crypto investors are trying to figure out when the next bitcoin bull run could be. Last week, at a crypto conference in St. Moritz, Switzerland, CNBC spoke to industry insiders who painted a picture of 2023 as year of caution. Bitcoin is expected to trade within a range, be sensitive to the macroeconomic situation such as interest rate rises and continue to be volatile. A new bull run is unlikely in 2023. However, experts are looking to next year and beyond with… Source link

Ethereum prices have surged to their highest levels for ten weeks. Additionally, ETH issuance is back in the deflationary territory as network demand ramps up. Ethereum prices closed in on $1,600 during the morning of Jan. 16. Building further on weekend gains, ETH tapped its highest price since Nov. 8, reaching $1,589 this morning. The asset has made 3% over the past 24 hours and was trading at $1,568 at press time. Furthermore, ETH has gained more than 30% over the past fortnight. It has… Source link

The last day of the week is neutral for the cryptocurrency market, according to CoinMarketCap’s ranking. ETH/USD The price of Ethereum (ETH) has fallen by 0.18% over the last 24 hours. On the local time frame, Ethereum (ETH) is trading in a narrow range, accumulating power for the next move. A sharp rise or decline is unlikely as the price has passed most of its daily ATR. On the daily chart, the rate is trading within yesterday’s candle, which means that the coin has not decided which… Source link

The cryptocurrency markets have made a strong comeback in the past few days. That drove the total crypto market capitalization to $995 billion on Jan. 14, according to CoinMarketCap data. Bitcoin (BTC) led the recovery from the front and skyrocketed above $21,000 on Jan. 14. After the sharp rally, the big question is whether the recovery is a dead cat bounce that is a selling opportunity, or is it the start of a new uptrend. It is difficult to predict with certainty if a macro bottom has been… Source link

Non-fungible token (NFT) sales have dropped significantly in contrast to the seven days prior, as NFT sales are down 59.35% this week. During the past seven days, $208.68 million in NFT sales were recorded, with $157.20 stemming from the Ethereum blockchain. The top-selling NFT collection this past week was the Bored Ape Yacht Club (BAYC), with $16.69 million in sales, equating to 7.998% of the $208 million in sales this week. Ethereum and Solana Lead NFT Sales Among Top 20… Source link