A closely followed crypto strategist is unveiling a bullish outlook for Bitcoin now that BTC is trading above $20,000. Pseudonymous analyst Cheds tells his 297,300 Twitter followers that a big rally may be in the cards for Bitcoin, with BTC poised to print a bullish reversal structure. “Above $18,200 opens up the possibility of an inverse head and shoulders complex, multiple shoulders (or wide left) and head with neck-base at $25,500.”  Source: Cheds/Twitter Looking at the… Source link

Crypto markets surged to regain the $1 trillion market capitalization mark over the weekend amid signs of bottoming and a record number of short liquidations contributing to the uptick. Nearly $500 million in shorts, or bets against higher prices, were liquidated since Friday to mark the highest such levels since October 2022, data from Coinalyze shows. Shorts liquidations were at their highest since 2021. (Coinanylze) The liquidation figure mean over 70% of traders booked losses as exchanges… Source link

The Bitcoin mining difficulty level jumped 10.26% on Monday morning in Hong Kong, hitting an all-time high reading of 37.59 trillion, as several U.S-based miners came back online from recent winter storms that forced them to unplug, according to data from BTC.com. See related article: Bitcoin hashrate drops nearly 40% as deadly U.S. storm unplugs miners Fast facts Bitcoin’s difficulty reading this time last year was at 26.64 trillion, almost 30% lower than the latest adjustment. Bitcoin’s… Source link

Just_Super Bit Digital (NASDAQ:BTBT) is primarily a Bitcoin (BTC-USD) mining business based in the United States. I’ve previously covered Bit Digital for Seeking Alpha several months ago. At the time, the mining space was just starting to deal with issues from low BTC prices and counter party bankruptcies. In my view, this was a headwind for Bit Digital specifically because of its use of mining hosts. While the article probably read pretty harsh if you’re a BTBT bull, the one positive thing… Source link

Bitcoin and Ether prices were little changed in Monday morning trading in Asia. Several of the top 10 non-stablecoin cryptocurrencies took a breather after strong gains over the weekend on the back of signs inflation may have peaked in the U.S., leading investors to bet the Federal Reserve may begin to ease back on increases in interest rates. See related article: Bitcoin price rebounds as U.S. inflation cools Fast facts Bitcoin dipped 0.4% to US$20,882 in the 24 hours to 8 a.m. in Hong Kong… Source link

Monero (XMR) gets a neutral rating from InvestorsObserver Sunday. The coin is down 1.36% to $174.13 while the broader crypto market is down 0.43%. Monero has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on Monero! Neutral Over the last five days, Monero has earned a Neutral rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Monero over… Source link

Since The Merge, Ethereum’s onchain fees have been considerably lower. However, combined transaction volume on layer two (L2) chains Arbitrum and Optimism has outpaced Ethereum’s onchain transaction output. On Saturday, Jan. 14, 2023, Ethereum processed 1.10 million onchain transactions, while combined transactions on Arbitrum and Optimism reached 1.32 million for the same day. Rise of L2 Scaling Solutions Arbitrum and Optimism Onchain transaction fees have decreased significantly… Source link

Litecoin (LTC) gets a neutral rating from InvestorsObserver Sunday. The Digital Money asset is down 0.45% to $87.5 while the broader crypto market is down 0.11%. Litecoin has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on Litecoin! Neutral Over the last five days, Litecoin has earned a Neutral rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the… Source link

After a tumultuous 2022, crypto investors are trying to figure out when the next bitcoin bull run could be. Last week, at a crypto conference in St. Moritz, Switzerland, CNBC spoke to industry insiders who painted a picture of 2023 as year of caution. Bitcoin is expected to trade within a range, be sensitive to the macroeconomic situation such as interest rate rises and continue to be volatile. A new bull run is unlikely in 2023. However, experts are looking to next year and beyond with… Source link

Ethereum prices have surged to their highest levels for ten weeks. Additionally, ETH issuance is back in the deflationary territory as network demand ramps up. Ethereum prices closed in on $1,600 during the morning of Jan. 16. Building further on weekend gains, ETH tapped its highest price since Nov. 8, reaching $1,589 this morning. The asset has made 3% over the past 24 hours and was trading at $1,568 at press time. Furthermore, ETH has gained more than 30% over the past fortnight. It has… Source link