BTC’s hourly chart shows a sharp uptick in trading volume during the hour of the announcement. Most telling in that hour of trading is the momentary decline in prices, implying that some traders viewed the inflation data as an opportunity to take profits. ETH’s hourly chart shows almost identical price behavior, with a slight increase upon release of the report, followed by a price decline in the following hour. 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

Bitcoin (BTC) price has gained 15% in the past 13 days, and during this timeframe, traders’ bearish bets in BTC futures were liquidated in excess of $530 million compared to bulls. After rallying to $19,000 on Jan. 12, Bitcoin reached its highest price since the FTX exchange collapse on Nov. 8. The move was largely fueled by the United States Consumer Price Index (CPI) expectation for December, which matched consensus at 6.5% year-over-year — highlighting that the inflationary pressure… 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

In roughly 202 days, the cryptocurrency network Litecoin (LTC) will experience a block reward halving on or around Aug. 3, 2023. Litecoin will be the first major proof-of-work (PoW) blockchain to see a reward reduction before Bitcoin’s upcoming halving, which is expected to occur 203 days from now. Litecoin Halving Set to Occur on or Around Aug. 3, 2023 Litecoin, the 14th-largest cryptocurrency today, is preparing to experience a block reward halving in 202 days. It will be the… Source link

© Reuters Ethereum Validators Stake Over $22B Tokens on Beacon Chain The Beacon Chain staking contract now holds over 16 million ETH tokens. Lido, Coinbase (NASDAQ:), Kraken, and Binance jointly control over 55% of all staked ETH. crossed $18k value, the first since November 9. (ETH), the second-largest blockchain by market value, has reached a significant milestone nearly six months after transitioning to a proof-of-stake network. According to data from Etherscan, the Ethereum… Source link

Vitalik Buterin is one of the most influential people in crypto. Nine years ago, he dreamed up Ethereum as a way to leverage the blockchain technology underlying Bitcoin for all sorts of uses beyond currency. Since then, it’s emerged as the bedrock layer of what advocates say will be a new, open-source, decentralized internet. Meanwhile, even as the technology he invented is changing the world, Buterin has defied the stereotype of a crypto bro, focusing more on learning and ideas than on… Source link

Vitalik Buterin is one of the most influential people in crypto. Nine years ago, he dreamed up Ethereum as a way to leverage the blockchain technology underlying Bitcoin for all sorts of uses beyond currency. Since then, it’s emerged as the bedrock layer of what advocates say will be a new, open-source, decentralized internet. Meanwhile, even as the technology he invented is changing the world, Buterin has defied the stereotype of a crypto bro, focusing more on learning and ideas than… Source link

Vitalik Buterin is one of the most influential people in crypto. Nine years ago, he dreamed up Ethereum as a way to leverage the blockchain technology underlying Bitcoin for all sorts of uses beyond currency. Since then, it’s emerged as the bedrock layer of what advocates say will be a new, open-source, decentralized internet. Meanwhile, even as the technology he invented is changing the world, Buterin has defied the stereotype of a crypto bro, focusing more on learning and ideas than… Source link

Actress and model Alejandra Guajardo represented El Salvador in the preliminary competition of the Miss Universe 2022 pageant by wearing a costume featuring Bitcoin during her walk across the stage. In a Jan. 12 post on her Instagram account tagging El Salvador president Nayib Bukele, Guajardo showed herself walking gracefully with a giant colón — one of the country’s accepted currencies until 2001 — strapped to her back adorned with cocoa beans. In her right hand, the pageant… Source link