Monthly Archives: January 2023

How Marathon, Riot, MicroStrategy, and Grayscale Bitcoin Trust Soared This Week

How Marathon, Riot, MicroStrategy, and Grayscale Bitcoin Trust Soared This Week

What happened According to data from S&P Global Market Intelligence, companies and funds with direct ties to the crypto market are having a great week as the leading cryptocurrency finally had some good news to report. Here’s how a handful of securities intimately related to Bitcoin (BTC 3.73%) fared this week, counting from Wall Street’s closing bell at 4 p.m. ET last Friday to the corresponding bell time on Thursday, Jan. 12: MARA data by YCharts. For those unfamiliar with these… Source link

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Litecoin is ready for strong adoption in 2023, thanks to these factors at play

Litecoin’s hash rate made a significant contribution to investor confidence since September. LTC may experience some selling pressure now that it is overbought. There are heavy expectations regarding Litecoin [LTC] this year, especially with the upcoming 2023 halving. It appears that the market has already been preparing for a robust 2023, something which was evident in LTC’s price action and hash rate. Read Litecoin’s [LTC] Price Prediction 2023-24 Litecoin’s hash… Source link

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Monero (XMR) on its way to breaking the $200 mark!

Monero’s main selling point is its focus on anonymity and privacy, which makes it popular among individuals and businesses that value financial privacy. Transactions on the Monero blockchain are private by default, and the use of ring signatures and stealth addresses makes it difficult for outside parties to trace the flow of funds. XMR uses a Proof-of-Work consensus mechanism, similar to Bitcoin, to secure its blockchain and validate transactions. However, Monero uses a different… Source link

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Bitcoin’s ‘Volatility Smile’ Shows Increased Demand for Bullish Exposure

Bitcoin’s (BTC) recent double-digit rally has sparked a positive sentiment shift among crypto options traders. The leading cryptocurrency by market value has gained 13% this month, topping the $19,000 mark for the first time since Nov. 8, CoinDesk data show. Tumbling U.S. inflation, weaker U.S. dollar, and expectations for slower Federal Reserve rate hikes have helped the cryptocurrency look past the lingering fallout from FTX’s collapse. And consistent with the resilient rally, bitcoin… Source link

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Bitcoin rebounds above US$18,000, Ether gains over 13%

Bitcoin rebounds above US$18,000, Ether gains over 13%

Bitcoin, the world’s largest cryptocurrency by market capitalization, rose 11.7% from Jan. 5 to Jan. 12, trading at US$18,830, at 2 p.m. in Hong Kong. Ether gained 13.7% in the same timeframe, changing hands at US$1,428. “It’s very difficult to determine what causes short-term price swings in the Bitcoin market,” Joe Burnett, head analyst at Blockware Solutions, wrote to Forkast.  “Traditional equity indexes rallying over the last week has certainly provided some tailwinds for BTC… Source link

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Why Congo’s most famous national park is betting big on crypto

That’s why the park is a vital source for charcoal, or makala in Swahili, and for food—even though farming, fishing, hunting, and logging are all illegal. Park resources are stripped with regularity: between 2001 and 2020, Virunga lost almost 10% of its tree cover, and de Merode estimates $170 million in Virunga’s trees and ivory are lost annually. But the alternative for locals is being unable to pay local warlords or starving. These are perfect conditions for corruption.  “Congo… Source link

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Bitcoin and Ethereum head in the right direction, altcoins join the party

Bitcoin (BTC) had its strongest day since the post-FTX market crash on Thursday, closing 5% higher at US$18,850 on the BTC/USDT pair and remaining there this morning. Following the daily rally, more than US$175mln worth of short positions were liquidated, according to Coinglass data. An intraday high of US$19,120 was posted before the bears stepped in; if they remain in charge, BTC could be pulled back to US$18,500. In the event of bullish momentum, BTC/USDT could possibly move to… Source link

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