Does an average 9% return on investment sound attractive? As it turns out, this is exactly what the Chinese New Year has had in store for Bitcoin investors for the past eight years, according to a new report by digital assets financial services platform Matrixport. “Buying Bitcoin at the end of the first day of Chinese New Year and selling it 10 trading days later would have returned +9%, on average, with all of the last eight years (2015-2022) showing positive returns,” Markus Thielen,… Source link

Bitcoin, the world’s most valuable cryptocurrency, has been rising and has reached $23,333 for the first time since August 19. Over the weekend, BTC broke through the $23,000 barrier for the first time in five months, making it exciting for the cryptocurrency market.  Meanwhile, Ethereum, the second-largest digital coin, reached $1,664.78 for the first time since November 7, 2022.  The reason for its bullish trend, on the other… Source link

Jan 24 (Reuters) – Paranoid? The domino downfall of FTX and other crypto custodians is enough to make the most trusting investor grab their bitcoin and shove it under the mattress. Indeed, holders big and small are taking “self-custody” of their funds, moving them from crypto exchanges and trading platforms to personal digital wallets. In a sign of this shift among retail investors, the number of bitcoin held in smaller wallets – those with under 10 bitcoin – rose to 3.35 million as of Jan…. Source link

Monero price prediction suggests that the token has been trying to maintain itself inside the rising parallel channel over the daily time frame chart. XMR crypto has recovered above 20, 50, 100 and 200-days Daily Moving Average. The pair of XMR/BTC is at 0.007631 BTC with an intraday drop of 3.21%. Over the daily price chart, the price of Monero is attempting to recover through an ascending channel. The coin is currently recovering as it trades up towards the channel’s upper trendline…. Source link

A prolonged decline in the cryptocurrency market can be challenging for investors. Still, others see it as a prime opportunity to purchase high-quality digital currencies at discounted prices. There are no guarantees, of course, but those who can maintain a level head and make investments during market turmoil may potentially see the greatest returns when the trend eventually reverses. Here are some cryptocurrencies to keep an eye on for 2023: RocketPool With Ethereum’s upcoming… Source link

Good morning. Here’s what’s happening: Prices: Bitcoin holds steady near $23K for another day; ether remains above $1,600. Insights: The price of ether declines relative to bitcoin. Prices CoinDesk Market Index (CMI) 1,089.14 +6.5 ▲ 0.6% Bitcoin (BTC) $22,968 +189.4 ▲ 0.8% Ethereum (ETH) $1,629 −10.2 ▼ 0.6% S&P 500 daily close 4,019.81 +47.2 ▲ 1.2% Gold $1,934 +7.2 ▲ 0.4% Treasury Yield 10 Years 3.52% ▲ 0.0 BTC/ETH prices per CoinDesk Indices; gold is COMEX spot price. Prices… Source link

Bitcoin edged higher to the US$23,000 resistance line, while Ether traded little changed in mixed early morning trading in Asia on Tuesday. Most top 10 non-stablecoin cryptocurrencies were moving in a boxed range of 1%. XRP and Polkadot were the breakout exceptions with both gaining more than 5%. See related article: India’s CoinDCX exchange says crypto tax rules are reducing government revenue Fast facts Bitcoin traded 0.9% higher at US$22,928 in the 24 hours to 8 a.m. in Hong Kong, bringing… Source link

CNBC’s Jim Cramer on Monday warned investors to stay away from crypto despite bitcoin‘s recent gains and instead look to gold. “The charts, as interpreted by Carley Garner, suggest you need to ignore the crypto cheerleaders now that bitcoin’s bouncing. And if you seriously want a real hedge against inflation or economic chaos, she says you should stick with gold. And I agree,” he said. Bitcoin continued to gain on Monday, reaching as high as $23,155.93 as investors bet that the Federal Reserve… Source link

FTX’s FTT Token: FTT has rallied nearly 150% this month as a bull revival in the broader market triggered a short squeeze in the battered cryptocurrency. Data tracked by Kaiko Research shows a balanced order book in Binance’s FTT-BUSD market, with the number of buy orders for 20,000 FTT or more now matching similar-sized sell orders. FTT previously crashed 96% in November, hitting a low of 81 cents as its parent exchange went bust. As of publication time, FTT was trading at $2.2, up 8% for… Source link

Litecoin halving news: The crypto market recovery in the last few weeks came as a relief for altcoins as well. The price recovery not only led to capital infusion to the market, it also helps new investors to join the market. Also, the crypto price rally could not have come at a better time for some cryptocurrencies that are about to make technical progress. The much awaited Litecoin (LTC) halving event is scheduled for August 3, 2023. Also Read: Here’s Proof Of Crypto Market… Source link