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 Bitcoin could… Source link

El Salvador has passed landmark legislation providing the legal framework for a Bitcoin-backed bond — known as the “Volcano Bond” — which will be used to pay down sovereign debt and fund the construction of its proposed “Bitcoin City”. The bill passed on Jan. 11 with 62 votes for and 16 against, and is set to become law after it is ratified by President Bukele. #Plenaria90✍ Con 62 votos a favor, creamos la Ley de Emisión de Activos Digitales. pic.twitter.com/g1poXwLoH3 —… Source link

Long before Bitcoin (BTC), Bernie Madoff sat atop the longest-running, largest fraud in history. The rise and real-time fall of Sam “SBF” Bankman-Fried, former CEO of crypto exchange FTX, were expedited in comparison. While the similarities are profound, the storyline is not: Create organizations under false pretenses, develop relationships with people in authority positions, defraud clients, survive as long as possible, and try not to get caught. Madoff advisers experienced a… Source link

Monero receives a strong long-term technical score of 76 from InvestorsObserver‘s research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin’s support and resistance levels, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity. XMR currently holds a superior long-term technical analysis… Source link

Northern Data AG, a German company that specializes in Bitcoin mining and cloud computing, has released earnings results for its mining division. Northern Data AG said that in fiscal 2022, it mined 2,798 Bitcoin (BTC), up 315% from the previous year. This led to BTC mining revenues of 77.7 million euros in fiscal 2022. The company sold 3,005 BTC sold in 2022 for an average price of 23,849 euros, contributing to a cash revenue of 71.7 million euros. The data released by Northern Data also… Source link

What ultimately may be more useful is to examine when the number of new addresses starts to move higher again. Optimism seemed to appear in August, as the number of addresses began to increase with BTC at $22,000. The pivot downward appears in November, shortly after the FTX fallout. Source link

Bitcoin (BTC) price jumped to $17,500 on Jan. 11, driving it to its highest level in three weeks. The price move gave bulls control of the $275 million BTC weekly options expiry on Jan. 13 because bears had placed bets at $16,500 and lower.  The recent move has perma-bulls and dip buyers calling a market bottom and potential end to the bear market but what does the data actually show? Is the Bitcoin bear market over? It might seem too pessimistic to say right now, but Bitcoin did trade below… Source link

What happened On a somewhat mixed day for the crypto market, several cryptocurrencies fell for an array of different reasons, which isn’t always the case in the crypto industry, where the price of Bitcoin (BTC 0.32%) typically drives much of the action. Since late afternoon Tuesday, the price of Solana (SOL -4.54%) was down by about 4.3% as of 1:40 p.m. ET Wednesday. Meanwhile, the price of Bitcoin SV (BSV -9.88%) traded roughly 9% lower, while the price of Sandbox (SAND -5.03%) was down… Source link

A closely followed technical analyst says that Ethereum (ETH) and the broader altcoin markets are set for an unexpected macro move to the upside. The pseudonymous analyst known as TechDev tells his 403,000 Twitter followers that several different metrics are suggesting that crypto markets have bottomed out and are setting the stage for the next run-up. TechDev shares a chart that appears to show the altcoin market cap, plus Litecoin (LTC) in its Bitcoin (BTC) pair (LTC/BTC)… Source link

Since Dec. 31, 2022, ethereum’s market dominance has increased by more than 3% among the thousands of crypto assets worldwide, valued at roughly $856 billion on Jan. 11, 2023. According to coinmarketcap.com, a popular coin market capitalization aggregation site, ethereum’s crypto market dominance jumped from 18.4% to its current 19% dominance rating. Ethereum’s Market Share Grows Amid Frenzied Surge in the Cryptocurrency Markets Ethereum (ETH), the second-leading crypto market… Source link