Ethereum’s native token ether (ETH) rallied to a two-month high on Thursday, shrugging off the cautious tone in the U.S. stock futures. The second-largest cryptocurrency rose nearly 1% to $1,415, the highest since Nov. 8, taking the month-to-date gain to over 17%, CoinDesk data show. Per observers, Ethereum’s impending Shanghai upgrade has been driving ether higher. Market leader bitcoin (BTC) topped $18,000, reaching a four-week high. Whereas, the futures tied to the S&P 500 traded… Source link

Ahead of the Fed’s upcoming CPI report, Bitcoin and Ethereum are bullish. The Consumer Price Index (CPI) measures the rate of change in the price of various goods and services in the United States. It’s used as a key indicator for measuring inflation. Bitcoin (BTC) broke its near-term sidewise momentum, with the leading cryptocurrency hitting a new monthly high of $18,287.30, according to data from Coingecko. At press time, BTC is changing hands at around $18,165, up 4.1% over the past 24… Source link

De Vries, the researcher, says that even if miners move on to cleaner energy sources, the industry still won’t be sustainable. All it will do is crowd out other consumers of clean energy in order to perform a function that, in his analysis, is entirely pointless. In September, Ethereum, the second-most-traded cryptocurrency, abandoned the “proof of work” model for generating coins—i.e., mining—for “proof of stake,” a complicated cryptographic process that doesn’t require… Source link

Bitcoin and Ether rose in Thursday afternoon trading in Asia, along with all other top 10 non-stablecoin cryptocurrencies, as investors anticipate signs of slower inflation in the upcoming Thursday release of the U.S. Consumer Price Index for December. Polkadot was the largest gainer among the top 10, followed by Ether and Bitcoin. See related article: FTX loses Miami Heat stadium sponsorship Fast facts Bitcoin gained 3.96% to US$18,144 in the 24 hours to 4 p.m. in Hong Kong, and increased… Source link

Cemile Bingol | Digitalvision Vectors | Getty Images Bitcoin on Thursday surged to its highest price in nearly a month, as traders bet on an U.S. inflation cooldown and digest news that lawyers for defunct crypto exchange FTX found billions of dollars’ worth of assets, boosting hopes for its users. The world’s largest digital currency climbed above $18,000 for the first time since Dec. 14 late Wednesday, increasing in value by about 5% in the last 24 hours. Bitcoin was trading at $18,164.80 as… Source link

Cemile Bingol | Digitalvision Vectors | Getty Images Bitcoin on Thursday surged to its highest price in nearly a month, as traders bet on an U.S. inflation cooldown and digest news that lawyers for defunct crypto exchange FTX found billions of dollars’ worth of assets, boosting hopes for its users. The world’s largest digital currency climbed above $18,000 for the first time since Dec. 14 late Wednesday, increasing in value by about 5% in the last 24 hours. Bitcoin was trading at $18,164.80 as… Source link

With the start of the new year, the crypto market has seen a new bullish resurgence, with Bitcoin (BTC) and other altcoins hitting multi-month highs. Apart from the spot market, the equity exchange-traded fund (ETF) market is also dominated by BTC, wherein Valkyrie’s Bitcoin Miners ETF (WGMI) is the leading equity ETF market and is up by 40% year to date.  The Bitcoin mining ETF is not just leading the traditional equity ETF market but also the leveraged equity ETFs as well, which is… Source link

Bitcoin’s price has been performing quite well throughout the past week after weeks of prolonged consolidation. At the time of this writing, it increased above $18,000 for the first time since December 14th. BTC soared above $18,000, reaching as high as $18,370 (on Bitstamp) in Thursday’s early morning EU trading session. The last time the cryptocurrency was trading at these prices was on December 14th. Source: TradingView   The rest of the market also charted… Source link

Bitcoin and Ether prices rose in Thursday morning trading in Asia along with most other top 10 non-stablecoin cryptocurrencies, continuing almost a week’s run of price gains on signs of slower inflation in the U.S. The Consumer Price Index (CPI) for December will be released Thursday in the U.S., a key inflation indicator for the Federal Reserve’s interest rate policy. XRP posted the largest gains following developments in the U.S. Securities and Exchange Commission’s lawsuit against… Source link

Bitcoin (BTC) has clocked eight straight days of increasing prices and has surged back above $18,000 for the first time since mid-December. The cryptocurrency hadn’t recorded such a prolonged winning streak since July 2021, at the height of the COVID-19 pandemic.  Seven day Bitcoin price chart. Image: CoinMarketCap Over the last seven days, the price of BTC has increased nearly 8%, with a 4.1% surge in the last 24 hours at the time of writing. Cointelegraph analysts predicted on Jan. 11 that… Source link