Bitcoin (BTC) hodlers are returning to profit as new data hints the BTC price has put in the “foundation” of a macro bottom. The latest figures from on-chain analytics firm Glassnode shows a large swathe of the BTC supply heading “into the black” as BTC/USD passed $18,000. Bitcoin establishes “massive” accumulation zone After gaining nearly 5% in 24 hours, Bitcoin is back on bulls’ radar ahead of a crunch United States inflation data release. What the impact will be remains uncertain,… Source link

In Hong Kong, the bell rings for Bitcoin (BTC). Samsung Asset Management Hong Kong (SAMHK), a subsidiary of Samsung’s investment arm Samsung Asset Management, is set to list the “Samsung Bitcoin Futures Active ETF” on the Hong Kong stock market on Jan. 13. The move comes amid a surge in interest from both the government and institutional investors in the region. The Hong Kong Stock Exchange. Source: thetradenews.com The ETF, or exchange-traded fund, will track the spot price of Bitcoin by… Source link

The crypto market is trading in Green. Analytics Insight enlists the top cryptocurrency prices for today On a positive note, the cryptocurrency market stepped into 2023 with an upturn and top cryptocurrency prices were trading higher on Thursday morning. The largest digital asset in the world, Bitcoin gained more than 4% to trade above $18,000, while Ethereum rose over 5% to trade above the $1400 level. It feels like the new year has come with positive vibes to the crypto industry.  On… Source link

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