After Bitcoin (BTC) hit a yearly high of $19,501 on Jan. 13, where is it headed next? Bitcoin is currently witnessing an uptick in bullish momentum after the positively perceived Consumer Price Index (CPI) report was followed by a strong rally across the crypto market.  The recent rally in Bitcoin is creating increased volume levels and higher social engagement on whether the price is in a breakout of fakeout mode. Is the Bitcoin bear market over? While the market is still technically in a… Source link

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

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

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

The Monero price has rallied over the past week since the broader market recovered. Over the last 24 hours, XMR was consolidating despite its weekly gains. The coin traded laterally over the past few sessions before it started to dip on its chart. As momentum halted recently, it is still uncertain whether XMR will resume its upward price movement. The technical outlook of the coin continued to side with the bulls despite lateral trading. Accumulation remains high on the chart despite a… Source link

Bitcoin (BTC) stayed near $19,000 at the Jan. 13 Wall Street open as traders hoped a week of swift gains would stick. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView BTC price “breakout or fakeout remains to be seen” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD crisscrossing the $19,000 mark as United States equities began trading. The pair rapidly took out sell-side liquidity overnight, gapping higher to what on-chain analytics resource Material Indicators… Source link

All eyes are on Ethereum’s next major upgrade, known as the “Shanghai hard fork,” which will supposedly allow participants on the network to unlock their staked ether. Ether Capital CEO Brian Mosoff shares his outlook for this upgrade, from potential regulatory implications to price actions. Source link

Ether (ETH) price technicals suggest that 35% gains are in play by March 2022 due to several bullish technical and fundamental factors. Ethereum price rises above two key moving averages On Jan. 8, Ether’s price crossed above its 21-week exponential moving average (21-week EMA; the purple wave) and 200-day simple moving average (200-day SMA; the orange wave). Historically, these two moving averages have separated bull and bear markets. When ETH price trades above them, it is considered to be in… Source link

In this piece, we will take a look at 15 countries where bitcoin is legal and illegal. For more countries, head on over to 5 Countries Where Bitcoin is Legal and Illegal. 2022 has been a rough year for businesses, hedge funds, and the stock market but all these have not suffered as much as the cryptocurrency sector. Heralded at one time as the end of traditional fiat money, cryptocurrencies have taken a beating this year as rising interest rates and a souring economic sentiment led investors… Source link

Miners have been haunted by their heavy debt obligations in a bear market that has seen the value of their collateral, usually crypto assets and mining machines, plummet. Some of the biggest firms in the industry, Compute North and Core Scientific (CORZ) have filed for Chapter 11 bankruptcy protection. Source link